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Formidium Altfund Services (India) Private Limited - business outsourcing in Jaipur, Rajasthan, India. FY 2026 financials & compliance.
Revenue · FY 2026
₹1.26 Cr
▲ 5% YoY
Net profit · FY 2026
₹8.97 Lakh
Net margin 7.1%
EBITDA · FY 2026
₹11.93 Lakh
EBITDA margin 9.5%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹13,100
Issued & subscribed
Company age
7 yrs
Est. 2019
Directors on board
4
As per MCA filings
Active GSTINs
1
GST registered
About Formidium Altfund Services (India) Private Limited
Data last updated:
Formidium Altfund Services (India) Private Limited is a private limited company based in Jaipur, Rajasthan, India, a subsidiary of Formidium Corp. and recognised as a startup by DPIIT. It operates in the accounting and financial analysis segment of the business process outsourcing sector. It was incorporated on 11 September 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Jaipur, under CIN U72200RJ2019PTC066261. Its GSTIN is 08ABCCS6212J1ZB (Rajasthan).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹13,100. It is led by directors including Manish Agrawal and Manish Kumar Sudrania.
Its last annual general meeting (AGM) was held on 07 July 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Jaipur, Rajasthan.
As per the financials filed for FY 2026, the company reported a revenue of ₹1.26 Cr, a growth of 5% compared to the previous year. For the same year it recorded a net profit of ₹8.97 Lakh (net margin 7.1%) and EBITDA of ₹11.93 Lakh (EBITDA margin 9.5%). Revenue has grown at a compounded annual rate (CAGR) of 6% over three years and 100% over five years.
The company is associated with 1 brand: Formidium.
For more details, the company can be reached via its website sudrania.com.
Company details
CIN U72200RJ2019PTC066261
Registration Number 066261
Incorporation Date 11 September 2019
ROC Jaipur
Listing Status Unlisted
Company Status Active
Date of Last AGM 07 July 2026
Date of Balance Sheet 31 March 2026
Parent Company Formidium Corp.
DPIIT Recognition Recognised Startup
Recognitions & Rankings of Formidium Altfund Services (India)
Contact details
Formidium Altfund Services (India) Private Limited's registered office is in Jaipur, Rajasthan. Its website is sudrania.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressSixth Floor Gt Landmark, Kalyan Colony Near Gaurav Tower, Jaipur, Rajasthan, India – 302017
- IndustryBusiness Outsourcing, Accounting and Financial Analysis
To see the full contact details of Formidium Altfund Services (India) Private Limited, buy the company report.
Comprehensive company report
Formidium Altfund Services (India) Private Limited - one report that includes everything
- 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
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Brands
Formidium Altfund Services (India) operates one associated brand: Formidium. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Tech-enabled fund administration and tax services are provided for funds. | formidium.com |
Business activity
The main business activity of Formidium Altfund Services (India) is professional, scientific and technical activities. In detail, this covers legal and accounting activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, scientific and technical activities | 69 | Legal and accounting activities |
To see the full business activity and turnover split of Formidium Altfund Services (India) Private Limited, buy the company report.
Financials of Formidium Altfund Services (India) Private Limited
FY 2026 filings availableFormidium Altfund Services (India) Private Limited reported revenue of ₹1.26 Cr (up 5% YoY) for FY 2026.
Revenue · FY 2026
₹1.26 Cr ▲ 5%
Net profit · FY 2026
₹8.97 Lakh margin 7.1%
EBITDA · FY 2026
₹11.93 Lakh margin 9.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 5%
3 years · compounded
▲ 6%
5 years · compounded
▲ 100%
EBITDA CAGR growth
1 year
▲ 53%
3 years · compounded
▼ 36%
5 years · compounded
▲ 64%
Revenue has grown at a compounded annual rate (CAGR) of 100% over five years, including 5% growth in the latest year. EBITDA rose 53% 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
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹1.26 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹11.93 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹8.97 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 9.5% | ||||
| Net Profit Margin | 7.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Formidium Altfund Services (India) Private Limited, buy the company report.
Board of directors of Formidium Altfund Services (India) Private Limited
Formidium Altfund Services (India) has 4 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manish Agrawal | Director | 11 Sep 2019 | 7 Years 2 Months | Current |
| Manish Kumar Sudrania | Director | 11 Sep 2019 | 7 Years 2 Months | Current |
| Silky Mittal Also directs: Formidium India Private Limited, Outspread Wings Foundation | Director | 12 Aug 2024 | 2 Years 2 Months | Current |
| Mandar Narendra Mhatre | Director | 12 Aug 2024 | 2 Years 2 Months | Current |
Auditor
Formidium Altfund Services (India) Private Limited is audited by R SOGANI & ASSOCIATES for the financial year 2026.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R SOGANI & ASSOCIATES | FY 2026 | 018755C |
Shareholding
The shareholding of Formidium Altfund Services (India) Private Limited is on record for 5 financial years, the latest being FY 2026, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2026 | FY 2025 | FY 2024 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Formidium Altfund Services (India) Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Formidium Altfund Services (India) Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Formidium Altfund Services (India) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Formidium Altfund Services (India) has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 08ABCCS6212J1ZB | Rajasthan | Active | 14 Nov 2019 |
To see the full GST registrations and return filing status of Formidium Altfund Services (India) Private Limited, buy the company report.
Recent activity
Formidium Altfund Services (India) Private Limited has 8 board changes on record since 2019: 4 appointments and 4 cessations. The latest: Nitin Somani ceased to be Director on 28 Mar 2025.
AGM
Formidium Altfund Services (India) Private Limited last Annual general meeting of members was held on 07 Jul 2026 as per latest MCA records.
Filing
Formidium Altfund Services (India) Private Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Jaipur.
Ceased
Nitin Somani ceased to be Director.
Appointed
Mandar Narendra Mhatre was appointed as Director.
Appointed
Silky Mittal was appointed as Director.
Ceased
Ashok Kumar Natani ceased to be Additional Director.
Ceased
Khemraj Krishana Goyal ceased to be Additional Director.
Ceased
Pradeep Saraf ceased to be Additional Director.
Appointed
Manish Agrawal was appointed as Director.
Appointed
Manish Kumar Sudrania was appointed as Director.
Incorporation
11 Sep 2019
Formidium Altfund Services (India) Private Limited was registered on 11 Sep 2019 with Roc Jaipur & aged 7 years 2 months as per MCA records.
Frequently asked questions
Formidium Altfund Services (India) is an active private limited company based in Jaipur, Rajasthan, India. The company works in accounting and financial analysis, within the business outsourcing industry. It was incorporated on 11 September 2019 (7+ years old) and is registered under CIN U72200RJ2019PTC066261.
Formidium Altfund Services (India) has 4 current directors:
- Manish Agrawal - Director
- Manish Kumar Sudrania - Director
- Silky Mittal - Director
- Mandar Narendra Mhatre - Director
The latest financial statements of Formidium Altfund Services (India) on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 07 July 2026. Year-wise statements from FY 2020 are in the company report.
The GSTIN of Formidium Altfund Services (India) is 08ABCCS6212J1ZB, registered in Rajasthan.
The CIN (Corporate Identification Number) of Formidium Altfund Services (India) is U72200RJ2019PTC066261. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Formidium Altfund Services (India) was incorporated on 11 September 2019, making it 7+ years old. It is registered with the Registrar of Companies, Jaipur.
Nitin Somani ceased to be Director on 28 Mar 2025. Mandar Narendra Mhatre was appointed as Director on 12 Aug 2024. Silky Mittal was appointed as Director on 12 Aug 2024. Formidium Altfund Services (India) has 8 board changes on record in total.
Yes, Formidium Altfund Services (India) is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Formidium Altfund Services (India) can be reached through the website sudrania.com. Its registered office is in Jaipur, Rajasthan, India.
The registered office of Formidium Altfund Services (India) is at Sixth Floor Gt Landmark, Kalyan Colony Near Gaurav Tower, Jaipur, Rajasthan, India – 302017.
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