About Formulateip Technolegal Solutions Private Limited.
Data last updated: 11 March 2026
Formulateip Technolegal Solutions Private Limited. is a private limited company based in Bangalore South, Karnataka, India. It specialises in business and IT consulting, a part of the broader business process outsourcing sector. Incorporated on 21 May 2008, the company has been in operation for over 18 years.
Registered with ROC Bangalore under CIN U72200KA2008PTC046493.
Capital: 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.
Last AGM: 30 September 2025. Financial statements filed for year ended 31 March 2025. Office: Sector 1, Bangalore South, 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.
The company has a workforce of approximately 10 employees as per the latest available data.
The company is associated with 2 brands - Aiot Foundry, Formulateip.
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.
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Email*****@*****.com
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Telephone+91-****-******
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Website
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Social Media
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Registered AddressSecond Floor Above Icici Bank, #92 7Th Cross Road 27Th Main Road Sector 1, Bangalore South, Karnataka, India – 560102
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IndustryBusiness Outsourcing, Business & IT Consulting
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Associated Brands with Formulateip Technolegal Solutions Private Limited.
Formulateip Technolegal Solutions Private Limited. operates two associated brands: Aiot Foundry and FormulateIP. These brands represent Formulateip Technolegal Solutions Private Limited.'s diversified market presence and brand portfolio.
| 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 |
Competitors & Alternatives of Formulateip Technolegal Solutions Private Limited.
Brands and companies operating in the same space as Formulateip Technolegal Solutions Private Limited. include EXL, Tech Mahindra, Quantiphi and 7 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
EXL
|
Analytics and digital solutions for healthcare and banking are provided. | New York, United States, United States | 1999 |
Tech Mahindra
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Provider of data analytics, cloud management, and business process outsourcing services | Pune, India, India | 1986 |
Quantiphi
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Provider of AI and machine learning services | Marlborough, United States, United States | 2013 |
Orioninc
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Provider of AI, data analytics, application development and IT security services | Monmouth Junction, United States, United States | 1993 |
Firstsource
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Firstsource is recognized as a global business process management partner. | Mumbai, India, India | 2001 |
Ex Quanta
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AI development services are provided by Ex Quanta. | New York, United States, United States | 2018 |
Capgemini
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Cloud management, business consulting, and IT outsourcing services are provided. | Paris, France, France | 1967 |
phData
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Provider of end to end services for Data Engineering and Machine Learning | Minneapolis, United States, United States | 2014 |
Artefact
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Digital marketing services provider | Paris, France, France | 1998 |
Mindee
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Data extraction from documents is enabled via API platform. | San Francisco, United States, United States | 2017 |
Business Activity of Formulateip Technolegal Solutions Private Limited.
Formulateip Technolegal Solutions Private Limited. is engaged in the principal business activity of professional, scientific and technical, with detailed activities including legal activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M1 | Legal activities | ********* |
Auditor Details of Formulateip Technolegal Solutions Private Limited.
Formulateip Technolegal Solutions Private Limited. is audited by HIRANMAYI NITISH & CO for the financial year 2022. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| HIRANMAYI NITISH & CO | blur-value | blur-value | blur-value |
Board of Directors of Formulateip Technolegal Solutions Private Limited.
Formulateip Technolegal Solutions Private Limited. is currently managed by 4 directors, with 9 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| 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 1 Months | Current |
| Uthappa Patrangada Bosu | Director | 01 Jul 2023 | 3 Years 0 Months | Current |
|
Lokesh Prem Harjani
Also directs:
Premco Global Limited, Onspot Solutions Private Limited
|
Director | 15 Nov 2011 | 14 Years 7 Months | Current |
| Anuvind Nagaraje Urs | Director | 03 Jul 2024 | 2 Years 0 Months | Current |
Financials of Formulateip Technolegal Solutions Private Limited. FY 2025 filings available
Formulateip Technolegal Solutions Private Limited. reported revenue of ₹4.07 Cr (down 7% YoY) for FY 2024. Profit growth despite declining revenue indicates effective cost management and margin discipline.
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Consolidated Statements
Income Statement, Balance Sheet, Cash Flow & Ratios available in the full report.
Shareholding Pattern of Formulateip Technolegal Solutions Private Limited.
As of FY 2022, Formulateip Technolegal Solutions Private Limited.'s shareholding pattern shows 93.00% by promoters. The promoters hold a majority stake, indicating strong promoter control.
| Year | 2025 |
|---|---|
| Promoters | 33.19% |
| DII | 23.22% |
| FII | 18.28% |
| Public | 22.89% |
| Others | 2.42% |
Charges & Borrowings Formulateip Technolegal Solutions Private Limited.
Formulateip Technolegal Solutions Private Limited. does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Formulateip Technolegal Solutions Private Limited.
Formulateip Technolegal Solutions Private Limited. has a workforce of 10 employees as of Apr 07, 2024.
Employee Count & EPFO Data of Formulateip Technolegal Solutions Private Limited.
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GST Compliance of Formulateip Technolegal Solutions Private Limited.
GSTIN & GST Filing Data of Formulateip Technolegal Solutions Private Limited.
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Credit Ratings, Litigation & Regulatory Alerts for Formulateip Technolegal Solutions Private Limited.
Credit Ratings, Legal Cases & Regulatory Alerts of Formulateip Technolegal Solutions Private Limited.
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MSME Payment Delays by Formulateip Technolegal Solutions Private Limited.
MSME Payment Delays by Formulateip Technolegal Solutions Private Limited.
Track payments outstanding to micro and small enterprise vendors, as disclosed in half-yearly MSME-1 returns filed with the MCA.
Subsidiaries & Group Companies of Formulateip Technolegal Solutions Private Limited.
Subsidiaries & Group Companies of Formulateip Technolegal Solutions Private Limited.
See the full corporate group - holding company, subsidiaries, associates and joint ventures of Formulateip Technolegal Solutions Private Limited. with ownership details.
MCA Filings & Documents of Formulateip Technolegal Solutions Private Limited.
MCA Filings & Documents of Formulateip Technolegal Solutions Private Limited.
Download official documents filed with the Ministry of Corporate Affairs - from incorporation papers to the latest annual filings.
Recent Activity on Formulateip Technolegal Solutions Private Limited.
Frequently Asked Questions about Formulateip Technolegal Solutions Private Limited.
Formulateip Technolegal Solutions Private Limited. is an active private limited company in the business outsourcing sector based in Bangalore South, Karnataka, India. It was incorporated on 21 May 2008 (18+ years old) and is registered under CIN U72200KA2008PTC046493. The company has 10 employees.
Formulateip Technolegal Solutions Private Limited. reported revenue of ₹4.07 Cr for FY 2024 (down 7.00% YoY).
The current directors of Formulateip Technolegal Solutions Private Limited. are:
The primary industry of Formulateip Technolegal Solutions Private Limited. is business outsourcing. The company specifically operates in business and IT consulting. The company is currently active in this sector.
Formulateip Technolegal Solutions Private Limited. can be reached at the registered office: Second Floor Above Icici Bank, #92 7Th Cross Road 27Th Main Road Sector 1, Bangalore South, Karnataka, India – 560102, or through the website formulateip.com.
The authorised capital is ₹10 Lakh, and the paid-up capital is ₹1.02 Lakh.