About Epic Research Limited
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Epic Research Limited is a public limited company based in Indore, Madhya Pradesh, India. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 26 July 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U72100MP2012PLC028897. Its GSTIN is 23AADCE1112D1ZM (Madhya Pradesh).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Epic Research Private Limited. It is led by directors including Apurva Gangwal and Nisreen Nadeem.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at 701 801 Atulya IT Park Khandwa Road, Indore, Madhya Pradesh, India – 452014.
As per the financials filed for FY 2022, the company reported a revenue of ₹7.79 Lakh, a growth of 6% compared to the previous year. For the same year it recorded a net loss of ₹77.48 Lakh and EBITDA of -₹11.3 Lakh (EBITDA margin -145%). Revenue has declined at a compounded annual rate (CAGR) of 83% over three years and 63% over five years.
The company has about 218 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Epic Research. As per MCA filings, the company has open charges of ₹7.5 Cr on record.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website epicresearch.co.
Company details
CIN history
Epic Research has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U72100MP2012PLC028897, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72100MP2012PLC028897 | Current |
| U74200MP2012PTC028897 | Previous |
| U72100MP2012PTC028897 | Previous |
Contact details
Epic Research Limited's registered office is in Indore, Madhya Pradesh. Its website is epicresearch.co. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered Address701 801 Atulya IT Park Khandwa Road, Indore, Madhya Pradesh, India – 452014
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of Epic Research Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Epic Research operates one associated brand: Epic Research. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of investment research and advisory services | epicresearch.co |
Business activity
The main business activity of Epic Research is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Epic Research Limited, buy the company report.
Financials of Epic Research Limited
FY 2022 filings availableEpic Research Limited reported revenue of ₹7.79 Lakh (up 6% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue rose 6% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 63%. EBITDA fell 106% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
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| EBITDA | -₹11.3 Lakh | ||||
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| Net Profit (PAT) | -₹77.48 Lakh | ||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| EBITDA Margin | -145% | ||||
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To see the full financial statements and ratios of Epic Research Limited, buy the company report.
Board of directors of Epic Research Limited
Epic Research has 5 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Apurva Gangwal | Director | 26 Feb 2019 | 7 Years 8 Months | Current |
| Nisreen Nadeem | Director | 01 Apr 2017 | 9 Years 7 Months | Current |
| Jamila Nadeem | Director | 17 Jan 2019 | 7 Years 9 Months | Current |
| Mustafa Nadeem | Director | 26 Jul 2012 | 14 Years 3 Months | Current |
| Nooruddin Bombaywala | Director | 26 Jul 2012 | 14 Years 3 Months | Current |
Auditor
Epic Research Limited is audited by AGRAWAL & DHOOT for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| AGRAWAL & DHOOT | FY 2020 | 014804C |
Shareholding
The shareholding of Epic Research Limited is on record for 4 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Epic Research Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Mar 2019 | 100255328 | Others | ₹7.5 Cr | Open |
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Epic Research Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
Credit ratings & regulatory alerts
Epic Research Limited was last rated by Crisil on 11 Nov 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 11 Nov 2021 |
To see the full credit ratings and regulatory alerts of Epic Research Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Epic Research Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Epic Research Limited has a workforce of 218 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Epic Research has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AADCE1112D1ZM | Madhya Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Epic Research Limited, buy the company report.
Recent activity
Epic Research Limited has 7 board changes on record since 2012: 5 appointments and 2 cessations. The latest: Mohammad Husain Nadeem ceased to be Director on 12 Sep 2019.
Frequently asked questions
Epic Research is an active public limited company based in Indore, Madhya Pradesh, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 26 July 2012 (14+ years old) and is registered under CIN U72100MP2012PLC028897.
Epic Research has 5 current directors:
- Apurva Gangwal - Director
- Nisreen Nadeem - Director
- Jamila Nadeem - Director
- Mustafa Nadeem - Director
- Nooruddin Bombaywala - Director
The latest financial statements of Epic Research on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
The GSTIN of Epic Research is 23AADCE1112D1ZM, registered in Madhya Pradesh.
The CIN (Corporate Identification Number) of Epic Research is U72100MP2012PLC028897. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Epic Research was incorporated on 26 July 2012, making it 14+ years old. It is registered with the Registrar of Companies, Gwalior.
Mohammad Husain Nadeem ceased to be Director on 12 Sep 2019. Apurva Gangwal was appointed as Director on 26 Feb 2019. Apurva Gangwal ceased to be Director on 17 Jan 2019. Epic Research has 7 board changes on record in total.
Epic Research can be reached through the website epicresearch.co. Its registered office is in Indore, Madhya Pradesh, India.
The registered office of Epic Research is at 701 801 Atulya IT Park Khandwa Road, Indore, Madhya Pradesh, India – 452014.
Epic Research operates in the financial services industry, in the diversified financial services segment.
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