Formel D India Private Limited - Company Profile

It is a business outsourcing foreign private limited company based in Pune, Maharashtra, India, established in 2009.

2009 Pune, Maharashtra, India Dissolved Under Section 59(8)

Last Updated: July 25, 2025

About Formel D India Private Limited

Formel D India Private Limited, a dissolved under section 59(8) foreign private limited company, was established on 15 October 2009 in Pune, Maharashtra, India. Engaging in business & it consulting within the professional, scientific and technical sector, it holds CIN: U74999PN2009FTC173028. Registered under ROC Roc Pune. it is unlisted. It has an authorized capital of ₹3.50 M and a paid-up capital of ₹3.00 M.

It upholds a compliant status. Employing 48 professional, Its leadership includes Ramesh Kalpathy Vaidyanathan (Director), Sagar Tanaji Kulkarni (Director). Past directors included Jaiprakash Ramani, Joachim Schneider, Sharanya Gopalkrishna Ranga. Its latest AGM occurred on 30 September 2022, with the balance sheet filed on 31 March 2022. It is based at Prime12,Flatno.2,Firstfloorplotno.H-1,Sectorno.26,Nigdi-Pradh, Ikaran, Pune, Maharashtra, 411044.

Company Details

CIN/LLPIN
U74999PN2009FTC173028
Registration Number
173028
Incorporation Date
15 October 2009
Authorized Capital
₹3.50 M
Paid-Up Capital
₹3.00 M
ROC Code
Roc Pune
Listing Status
Unlisted
Company Status
Dissolved Under Section 59(8)

Key Metrics

Authorised Capital ₹ 3.50 M as on 25-07-2025
Paid Up Capital ₹ 3.00 M as on 25-07-2025
Company Age 16 Year, 4 Months
Last Filing with ROC 31 Mar 2022
Revenue Growth **** -84.31% (FY 2022)
Profit Growth **** 78.21% (FY 2022)
Ebitda **** 70.95% (FY 2022)
Net Worth -25.19% (FY 2022)
Total Assets -40.62% (FY 2022)

Comprehensive Company Insights

Explore comprehensive insights into Formel D India Private Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

Access Report

Who are the key members and board of directors at Formel D India Private Limited?

Current Directors

Name	Designation	Appointment Date	Status
Ramesh Kalpathy Vaidyanathan	Director	27 Mar 2017	Current
Sagar Tanaji Kulkarni	Director	30 Jun 2020	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Director	27 Mar 2017	Past
Pramod Abcsdd	Director	27 Mar 2017	Past
Pramod Abcsdd	Director	02 Dec 2019	Past
Pramod Abcsdd	Director	17 Sep 2021	Past
Pramod Abcsdd	Additional Director	28 Dec 2017	Past
Pramod Abcsdd	Additional Director	31 Mar 2018	Past

Discover detailed profiles of directors and KMP - Unlock leadership insights today!

Financial Performance of Formel D India.

Formel D India Private Limited, for the financial year ended 2022, experienced significant reduction in revenue, with a 84.31% decrease. The company also saw a substantial improvement in profitability, with a 78.21% increase in profit. The company's net worth observed a substantial decline by a decrease of 25.19%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

Upgrade Required

Full access to Financial is available only for users with an active Premium plan.

Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

********

-84.31%

*******

Revenue from Operations

*******

Total Assets

*******

-40.62%

*******

Profit or Loss

*******

78.21%

*******

Net Worth

*******

-25.19%

*******

EBITDA

*******

70.95%

*******

Discover detailed financial data and - Unlock financial today!

What is the Ownership and Shareholding Structure of Formel D India?

In 2020, Formel D India had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

Upgrade Required

Full access to Ownership and Shareholding Structure is available only for users with an active Premium plan.

Reveal ownership structures and financial performance - Get instant access now!

How Many Employees Work at Formel D India?

Formel D India has a workforce of 48 employees as of Mar 29, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

Upgrade Required

Full access to People is available only for users with an active Premium plan.

Deals i

Gain comprehensive insights into the Deals and Valuation data of Formel D India, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Formel D India's trajectory.

Rating

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Explore deal ratings and alerts - Get instant access now!

Latest Updates, News, and FAQs on Formel D India

Recent Activity within the Organization

Annual General Meeting

Progress on Formel D India Private Limited last Annual general meeting of members was held on 30 Sep 2022 as per latest MCA records. was documented.
30 Sep 2022
Balance Sheet

The activity Formel D India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2022 with Roc Pune. was completed.
31 Mar 2022
Director Appointment

Progress on Sagar Tanaji Kulkarni was appointed as a Director was appointed as a Director on 30 Jun 2020 & has been associated with this company since 5 years 8 months . was documented.
30 Jun 2020
Director Appointment

Progress on Ramesh Kalpathy Vaidyanathan was appointed as a Director was appointed as a Director on 27 Mar 2017 & has been associated with this company since 8 years 11 months . was documented.
27 Mar 2017
Company Incorporation

The activity Formel D India Private Limited was registered on 15 Oct 2009 with Roc Pune & aged 16 years 4 months as per MCA records. was completed.
15 Oct 2009

Explore recent activity and updates - View Recent Activity