MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2021-22)
- Udyam number
- UDYAM-KR-03-0079536
Formulateip Technolegal Solutions Private Limited. - business outsourcing in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹4.07 Cr
▼ 7% YoY
Net loss · FY 2024
₹27.95 Lakh
Net margin -6.9%
EBITDA · FY 2024
-₹27.44 Lakh
EBITDA margin -6.7%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹1.02 Lakh
Issued & subscribed
Company age
18 yrs
Est. 2008
Employees · EPFO
10
Provident fund records
Directors on board
4
As per MCA filings
About Formulateip Technolegal Solutions Private Limited.
Data last updated:
Formulateip Technolegal Solutions Private Limited. is a private limited company based in Bangalore, Karnataka, India. It operates in the business and IT consulting segment of the business process outsourcing sector. It was incorporated on 21 May 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2008PTC046493. Its GSTIN is 29AABCF2306C1Z7 (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1.02 Lakh. It is led by directors including Neeraj Gupta and Uthappa Patrangada Bosu.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Sector 1, Bangalore, Karnataka.
As per the financials filed for FY 2024, the company reported a revenue of ₹4.07 Cr, a decline of 7% compared to the previous year. For the same year it recorded a net loss of ₹27.95 Lakh (net margin -6.9%) and EBITDA of -₹27.44 Lakh (EBITDA margin -6.7%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years and 5% over five years.
The company has about 10 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Aiot Foundry and FormulateIP.
Formulateip Technolegal Solutions Private Limited. is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0079536). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website formulateip.com.
Company details
CIN U72200KA2008PTC046493
Registration Number 046493
Incorporation Date 21 May 2008
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0079536
Recognitions & Rankings of Formulateip Technolegal Solutions Private Limited
Contact details
Formulateip Technolegal Solutions Private Limited.'s registered office is in Bangalore, Karnataka. Its website is formulateip.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressSecond Floor Above Icici Bank, #92 7th Cross Road 27th Main Road Sector 1, Bangalore, Karnataka, India – 560102
- IndustryBusiness Outsourcing, Business & IT Consulting
To see the full contact details of Formulateip Technolegal Solutions Private Limited., buy the company report.
Comprehensive company report
Formulateip Technolegal Solutions 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Formulateip Technolegal Solutions Private Limited operates two associated brands: Aiot Foundry and FormulateIP. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Venture studio partnering to build AI-first companies using data, talent, and capital. | aifoundry.ai | |
| Multinational IP advisory services focusing on patents, trademarks, and copyrights. | formulateip.com |
Business activity
The main business activity of Formulateip Technolegal Solutions Private Limited is professional, scientific and technical. In detail, this covers legal activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M1 | Legal activities |
To see the full business activity and turnover split of Formulateip Technolegal Solutions Private Limited., buy the company report.
Financials of Formulateip Technolegal Solutions Private Limited.
FY 2025 filings availableFormulateip Technolegal Solutions Private Limited. reported revenue of ₹4.07 Cr (down 7% YoY) for FY 2024.
Revenue · FY 2024
₹4.07 Cr ▼ 7%
Net loss · FY 2024
₹27.95 Lakh margin -6.9%
EBITDA · FY 2024
-₹27.44 Lakh margin -6.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 7%
3 years · compounded
▼ 5%
5 years · compounded
▲ 5%
EBITDA CAGR growth
1 year
▼ 137%
3 years · compounded
▼ 43%
5 years · compounded
▼ 20%
Revenue fell 7% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 5%. EBITDA fell 137% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | -₹27.44 Lakh | ||||
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| Net Profit (PAT) | -₹27.95 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | -6.7% | ||||
| Net Profit Margin | -6.9% | ||||
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To see the full financial statements and ratios of Formulateip Technolegal Solutions Private Limited., buy the company report.
Board of directors of Formulateip Technolegal Solutions Private Limited.
Formulateip Technolegal Solutions Private Limited has 4 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Neeraj Gupta Also directs: Vimagino Solutions Private Limited, KFX Circuits and Systems Private Limited, Lawcubator Technologies Private Limited and 1 more | Director | 21 May 2008 | 18 Years 5 Months | Current |
| Uthappa Patrangada Bosu | Director | 01 Jul 2023 | 3 Years 3 Months | Current |
| Lokesh Prem Harjani Also directs: Premco Global Limited, Onspot Solutions Private Limited | Director | 15 Nov 2011 | 14 Years 11 Months | Current |
| Anuvind Nagaraje Urs | Director | 03 Jul 2024 | 2 Years 3 Months | Current |
Auditor
Formulateip Technolegal Solutions Private Limited. is audited by HIRANMAYI NITISH & CO for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| HIRANMAYI NITISH & CO | FY 2022 | 011918S |
Shareholding
The shareholding of Formulateip Technolegal Solutions 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 Formulateip Technolegal Solutions Private Limited., buy the company report.
Legal cases
No court or tribunal cases involving Formulateip Technolegal Solutions 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 Formulateip Technolegal Solutions Private Limited.; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Formulateip Technolegal Solutions Private Limited. has a workforce of 10 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
Employee count
10
Active EPFO establishments
1
Employee growth
-9.09%
GST
Formulateip Technolegal Solutions Private Limited has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCF2306C1Z7 | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Formulateip Technolegal Solutions Private Limited., buy the company report.
Recent activity
Formulateip Technolegal Solutions Private Limited. has 13 board changes on record since 2008: 4 appointments and 9 cessations. The latest: Anuvind Nagaraje Urs ceased to be Additional Director on 29 Sep 2024.
AGM
Formulateip Technolegal Solutions Private Limited. last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Formulateip Technolegal Solutions Private Limited. has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Ceased
Anuvind Nagaraje Urs ceased to be Additional Director.
Appointed
Anuvind Nagaraje Urs was appointed as Director.
Ceased
Uthappa Patrangada Bosu ceased to be Additional Director.
Ceased
Morigowda Bhadravathi Shruthi ceased to be Director.
Appointed
Uthappa Patrangada Bosu was appointed as Director.
Ceased
Naveen Halraichandrashekaraju ceased to be Director.
Ceased
Anantha Subramanian ceased to be Additional Director.
Ceased
Rajendrakumar Sosale Gopalkrishna ceased to be Director.
Appointed
Lokesh Prem Harjani was appointed as Director.
Ceased
Rudresh Prabhu ceased to be Director.
4 earlier events are in the company report.
Frequently asked questions
Formulateip Technolegal Solutions Private Limited is an active private limited company based in Bangalore, Karnataka, India. The company works in business and IT consulting, within the business outsourcing industry. It was incorporated on 21 May 2008 (18+ years old) and is registered under CIN U72200KA2008PTC046493.
Formulateip Technolegal Solutions Private Limited has 4 current directors:
- Neeraj Gupta - Director
- Uthappa Patrangada Bosu - Director
- Lokesh Prem Harjani - Director
- Anuvind Nagaraje Urs - Director
The latest financial statements of Formulateip Technolegal Solutions Private Limited on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Formulateip Technolegal Solutions Private Limited is 29AABCF2306C1Z7, registered in Karnataka.
The CIN (Corporate Identification Number) of Formulateip Technolegal Solutions Private Limited is U72200KA2008PTC046493. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Formulateip Technolegal Solutions Private Limited was incorporated on 21 May 2008, making it 18+ years old. It is registered with the Registrar of Companies, Bangalore.
Anuvind Nagaraje Urs ceased to be Additional Director on 29 Sep 2024. Anuvind Nagaraje Urs was appointed as Director on 03 Jul 2024. Uthappa Patrangada Bosu ceased to be Additional Director on 29 Sep 2023. Formulateip Technolegal Solutions Private Limited has 13 board changes on record in total.
Yes, Formulateip Technolegal Solutions Private Limited is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-03-0079536).
Formulateip Technolegal Solutions Private Limited can be reached through the website formulateip.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Formulateip Technolegal Solutions Private Limited is at Second Floor Above Icici Bank, #92 7th Cross Road 27th Main Road Sector 1, Bangalore, Karnataka, India – 560102.