MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-DL-08-0000590
Formula Corporate Solutions India Private Limited - business services in New Delhi, Delhi, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹110.18 Cr
▲ 6% YoY
Net profit · FY 2025
₹10.35 Cr
Net margin 9.4%
EBITDA · FY 2025
₹19.27 Cr
EBITDA margin 17.5%
Authorised capital
₹5 Cr
Registered with MCA
Paid-up capital
₹2.95 Cr
Issued & subscribed
Open charges
₹2.43 Cr
Satisfied ₹7.83 Cr
Company age
22 yrs
Est. 2004
Employees · EPFO
147
Provident fund records
About Formula Corporate Solutions India Private Limited
Data last updated:
Formula Corporate Solutions India Private Limited is a private limited company based in New Delhi, Delhi, India. It operates in the business support services segment of the business services sector. It was incorporated on 20 January 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74999DL2004PTC124193. Its GSTIN is 07AAACF7818E1ZR (Delhi). The company holds 7 GST registrations, all of them active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹2.95 Cr. It was formerly known as Formulaone Corporate Solutions Private Limited. It is led by directors including Raman Narula (Managing Director) and Nikhilesh Bhowmick.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 27 Community Centre East Of Kailash, New Delhi, Delhi, India – 110065.
As per the financials filed for FY 2025, the company reported a revenue of ₹110.18 Cr, a growth of 6% compared to the previous year. For the same year it recorded a net profit of ₹10.35 Cr (net margin 9.4%) and EBITDA of ₹19.27 Cr (EBITDA margin 17.5%). Revenue has grown at a compounded annual rate (CAGR) of 28% over three years and 5% over five years.
The company has about 147 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
As per MCA filings, the company has open charges of ₹2.43 Cr and satisfied charges of ₹7.83 Cr on record. Court records list 8 cases involving the company, including 1 filed by the company and 7 filed against it; 1 case is pending. The company has 5 deals on record (3 secondary share transfers, 2 funding rounds), with disclosed funding of ₹27 Lakh; the latest was in February 2026.
Formula Corporate Solutions India Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-DL-08-0000590). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website formulaindia.com.
Company details
CIN U74999DL2004PTC124193
Registration Number 124193
Incorporation Date 20 January 2004
ROC Delhi
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-DL-08-0000590
Recognitions & Rankings of Formula Corporate Solutions India
Contact details
Formula Corporate Solutions India Private Limited's registered office is in New Delhi, Delhi. Its website is formulaindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address27 Community Centre East Of Kailash, New Delhi, Delhi, India – 110065
- IndustryBusiness Services, Business Support Services
To see the full contact details of Formula Corporate Solutions India Private Limited, buy the company report.
Comprehensive company report
Formula Corporate Solutions 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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Business activity
The main business activity of Formula Corporate Solutions India is support service to organizations. In detail, this covers other support services to organizations.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N7 | Other support services to organizations |
To see the full business activity and turnover split of Formula Corporate Solutions India Private Limited, buy the company report.
Financials of Formula Corporate Solutions India Private Limited
FY 2024 filings availableFormula Corporate Solutions India Private Limited reported revenue of ₹110.18 Cr (up 6% YoY) for FY 2025.
Revenue · FY 2025
₹110.18 Cr ▲ 6%
Net profit · FY 2025
₹10.35 Cr margin 9.4%
EBITDA · FY 2025
₹19.27 Cr margin 17.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 6%
3 years · compounded
▲ 28%
5 years · compounded
▲ 5%
EBITDA CAGR growth
1 year
▲ 19%
3 years · compounded
▲ 28%
5 years · compounded
▲ 2%
Revenue has grown at a compounded annual rate (CAGR) of 5% over five years, including 6% growth in the latest year. EBITDA rose 19% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
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| Total Expenses | |||||
| EBITDA | ₹19.27 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹10.35 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 17.5% | ||||
| Net Profit Margin | 9.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Formula Corporate Solutions India Private Limited, buy the company report.
Board of directors of Formula Corporate Solutions India Private Limited
Formula Corporate Solutions India has 3 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 |
|---|---|---|---|---|
| Nikhilesh Bhowmick Also directs: Agrihouse International Private Limited | Director | 01 Feb 2022 | 4 Years 9 Months | Current |
| Raman Narula | Managing Director | 28 Jan 2004 | 22 Years 9 Months | Current |
| Hiya Gupta Also directs: Mobirelo Private Limited | Director | 01 Jun 2023 | 3 Years 5 Months | Current |
Auditor
Formula Corporate Solutions India Private Limited is audited by T R Chadha & Co LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| T R Chadha & Co LLP | FY 2023 | 006711N/N500028 |
Shareholding
The shareholding of Formula Corporate Solutions India Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Formula Corporate Solutions India Private Limited, buy the company report.
Charges & borrowings
Open charges
₹2.43 Cr
Satisfied charges
₹7.83 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 Jun 2025 | 101108537 | Others | ₹19.94 Lakh | Open | |
| 22 May 2025 | 101108356 | Others | ₹19.94 Lakh | Open | |
| 22 May 2025 | 101108348 | Others | ₹19.94 Lakh | Open | |
| 21 Oct 2024 | 101000045 | Others | ₹19.77 Lakh | Open | |
| 21 Oct 2024 | 100999987 | Others | ₹19.77 Lakh | Open |
To see the full charge records of Formula Corporate Solutions India Private Limited, buy the company report.
Total charge records: 21 View all charges
Deals & funding
Formula Corporate Solutions India Private Limited has 5 deals on record (3 secondary share transfers, 2 funding rounds), with disclosed funding of ₹27 Lakh; the latest was in February 2026.
Total deals
5
Secondary share transfers
3
Funding rounds
2
Disclosed funding
₹27 Lakh
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2026 | Funding round | Undisclosed | Investors: Relo Group Inc |
| Mar 2024 | Secondary share transfer | Undisclosed | Seller: an individual |
| Dec 2022 | Secondary share transfer | Undisclosed | Seller: an individual |
| Jan 2011 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
| Mar 2008 | Funding round | ₹27 Lakh | Investors: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Formula Corporate Solutions India Private Limited has 8 court cases on record: 1 filed by Formula Corporate Solutions India, 7 filed against it. 1 case is pending and 7 are disposed.
Total cases
8
Filed by the company
1
Filed against the company
7
Pending
1
Disposed
7
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 8 | 7 | 1 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Central, Delhi | Court case (L I R) | Filed against the company by an individual | Pending |
| District court, Chennai, Tamil Nadu | Execution petition | Filed by the company against an individual | Disposed |
| District court, RAMANAGARAM, Karnataka | Motor accident claim | Filed against the company by an individual | Disposed |
| District court, RAMANAGARA, Karnataka | Motor accident claim | Filed against the company by an individual | Disposed |
| District court, Agra, Uttar Pradesh | Court case (M.A.C) | Filed against the company by an individual | Disposed |
To see the full case history of Formula Corporate Solutions India Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Formula Corporate Solutions India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Formula Corporate Solutions India has 1 subsidiary company. This group structure data is as of FY 2022. The table lists each entity with its relationship and holding.
1
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Mobirelo Private Limited | U74900DL2016PTC291319 |
To see the full group structure of Formula Corporate Solutions India Private Limited, buy the company report.
Employees & EPFO
Formula Corporate Solutions India Private Limited has a workforce of 147 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
Employee count
147
Active EPFO establishments
1
Employee growth
7.3%
GST
Formula Corporate Solutions India has 7 GST registrations: 7 active. The first 4 active GSTINs are listed below.
Total GSTINs
7
Active
7
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAACF7818E1ZR | Delhi | Active | 01 Jul 2017 |
| 06AAACF7818E1ZT | Haryana | Active | 01 Jul 2017 |
| 24AAACF7818E1ZV | Gujarat | Active | 01 Jul 2017 |
| 27AAACF7818E1ZP | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Formula Corporate Solutions India Private Limited, buy the company report.
Recent activity
Formula Corporate Solutions India Private Limited has 7 board changes on record since 2004: 3 appointments and 4 cessations. The latest: Hiya Gupta ceased to be Additional Director on 28 Sep 2023.
AGM
Formula Corporate Solutions India Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge registered on 04 May 2023 via Charge ID 100725947 with Hdfc Bank Limited was fully satisfied on 25 Sep 2025.
Charges
A charge registered on 07 Mar 2007 via Charge ID 10044131 with Canara Bank was fully satisfied on 17 Jul 2025.
Charges
A charge registered on 07 Mar 2007 via Charge ID 10044130 with Canara Bank was fully satisfied on 17 Jul 2025.
Charges
A charge registered on 28 Jun 2021 via Charge ID 100456284 with Hdfc Bank Limited was fully satisfied on 05 Jul 2025.
Charges
A charge with Others amounted to Rs. 0.20 Cr with Charge ID 101108537 was registered on 05 Jun 2025.
Charges
A charge with Others amounted to Rs. 0.20 Cr with Charge ID 101108356 was registered on 22 May 2025.
Charges
A charge with Others amounted to Rs. 0.20 Cr with Charge ID 101108348 was registered on 22 May 2025.
Charges
A charge registered on 30 Mar 2021 via Charge ID 100445422 with Hdfc Bank Limited was fully satisfied on 05 Apr 2025.
Charges
A charge registered on 25 Jan 2021 via Charge ID 100433854 with Hdfc Bank Limited was fully satisfied on 07 Feb 2025.
Charges
A charge registered on 03 Dec 2020 via Charge ID 100421641 with Hdfc Bank Limited was fully satisfied on 10 Dec 2024.
Charges
A charge with Others amounted to Rs. 0.20 Cr with Charge ID 101000045 was registered on 21 Oct 2024.
29 earlier events are in the company report.
Frequently asked questions
Formula Corporate Solutions India is an active private limited company based in New Delhi, Delhi, India. The company works in business support services, within the business services industry. It was incorporated on 20 January 2004 (22+ years old) and is registered under CIN U74999DL2004PTC124193.
Formula Corporate Solutions India has 3 current directors:
- Raman Narula - Managing Director
- Nikhilesh Bhowmick - Director
- Hiya Gupta - Director
The latest financial statements of Formula Corporate Solutions India on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Formula Corporate Solutions India is 07AAACF7818E1ZR, registered in Delhi. The company has 7 GST registrations in all, of which 7 are active. Other active GSTINs include 06AAACF7818E1ZT (Haryana), 24AAACF7818E1ZV (Gujarat), 27AAACF7818E1ZP (Maharashtra).
The CIN (Corporate Identification Number) of Formula Corporate Solutions India is U74999DL2004PTC124193. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Formula Corporate Solutions India has 8 court cases on record: 1 filed by the company and 7 filed against it. 1 is pending.
Formula Corporate Solutions India was incorporated on 20 January 2004, making it 22+ years old. It is registered with the Registrar of Companies, Delhi.
Formula Corporate Solutions India has 5 deals on record (3 secondary share transfers, 2 funding rounds), with disclosed funding of ₹27 Lakh; the latest was in February 2026.
Hiya Gupta ceased to be Additional Director on 28 Sep 2023. Hiya Gupta was appointed as Director on 01 Jun 2023. Nikhilesh Bhowmick ceased to be Additional Director on 30 Sep 2022. Formula Corporate Solutions India has 7 board changes on record in total.
Yes, Formula Corporate Solutions India is registered as a medium enterprise under Udyam registration (number: UDYAM-DL-08-0000590).
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