About Foundation for Reinventing Governance
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Foundation for Reinventing Governance is a private not for profit company based in New Delhi, Delhi, India. It operates in the k-12 and higher education institutions segment of the education sector. It was incorporated on 02 November 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U80901DL2018NPL341515. Its GSTIN is 07AADCF5550C1ZZ (Delhi).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Shekhar Harinbhai Shah and Vidya Shah.
Its last annual general meeting (AGM) was held on 15 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at K 24 D Ground Floor Hauz Khas, New Delhi, Delhi, India – 110016.
As per the financials filed for FY 2025, the company reported a revenue of ₹7.65 Cr, a growth of 18% compared to the previous year. For the same year it recorded a net loss of ₹61.9 Lakh (net margin -8.1%) and EBITDA of ₹4.15 Lakh (EBITDA margin 0.5%). Revenue has grown at a compounded annual rate (CAGR) of 29% over three years and 18% over five years.
The company is associated with 1 brand: ISPP.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ispp.org.in.
Company details
Contact details
Foundation for Reinventing Governance's registered office is in New Delhi, Delhi. Its website is ispp.org.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressK 24 D Ground Floor Hauz Khas, New Delhi, Delhi, India – 110016
- IndustryEducation, K-12 & Higher Education Institutions
To see the full contact details of Foundation for Reinventing Governance, buy the company report.
- 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
Brands
Foundation for Reinventing Governance operates one associated brand: ISPP. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Center of education providing professional education courses | ispp.org.in |
Financials of Foundation for Reinventing Governance
FY 2025 filings availableFoundation for Reinventing Governance reported revenue of ₹7.65 Cr (up 18% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 18% over five years, including 18% growth in the latest year. EBITDA fell 93% 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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| EBITDA | ₹4.15 Lakh | ||||
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| Net Profit (PAT) | -₹61.9 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | 0.5% | ||||
| Net Profit Margin | -8.1% | ||||
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To see the full financial statements and ratios of Foundation for Reinventing Governance, buy the company report.
Board of directors of Foundation for Reinventing Governance
Foundation for Reinventing Governance has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shekhar Harinbhai Shah | Director | 30 Jun 2022 | 4 Years 4 Months | Current |
| Vidya Shah Also directs: Spire Investment Advisors LLP, Mabella Investment Adviser LLP, Oak Investment Adviser LLP and 5 more | Director | 07 Feb 2020 | 6 Years 8 Months | Current |
| Luis Miranda Also directs: L&T Technology Services Limited, Manipalcigna Health Insurance Company Limited, Foundation to Educate Girls Globally and 1 more | Director | 02 Nov 2018 | 8 Years 0 Months | Current |
Peer comparison
Foundation for Reinventing Governance is compared with the 10 companies closest to it by revenue in the Education industry (K12 and Higher Education), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| RKL Galaxy International School Foundation | ₹7.93 Cr (FY 2024) | 46.0% | Pune, Maharashtra, India | |||
| Manghat Mani Educational Institute | ₹7.93 Cr (FY 2025) | 35.0% | Nagpur, Maharashtra, India | |||
| Shri Jeetendra Godara's SLBS Education Foundation | ₹7.9 Cr (FY 2025) | -3.0% | Jodhpur, Rajasthan, India | |||
| Institute of Management & Technical Studies Education Private Limited | ₹7.73 Cr (FY 2025) | -14.0% | Delhi, India | |||
| Teachsmart Global Learning Solutions Private Limited | ₹7.71 Cr (FY 2023) | 144.0% | Mumbai, Maharashtra, India | |||
| Foundation for Reinventing Governancethis company | ₹7.65 Cr (FY 2025) | -₹61.9 Lakh | -8.1% | 18.0% | New Delhi, Delhi, India | |
| Sehgal Edutech Private Limited | ₹7.64 Cr (FY 2024) | -15.0% | New Delhi, Delhi, India | |||
| JND Edu Management Services Private Limited | ₹7.64 Cr (FY 2025) | -32.0% | Mumbai, Maharashtra, India | |||
| Citizens Educational Foundation | ₹7.63 Cr (FY 2024) | 23.0% | Mumbai, Maharashtra, India | |||
| Mentored Counselling Private Limited | ₹7.63 Cr (FY 2024) | 67.0% | Delhi, India | |||
| Colonel Research and Education Foundation | ₹7.63 Cr (FY 2025) | 6.0% | Sangrur, Punjab, India |
To see the full peer comparison of Foundation for Reinventing Governance, buy the company report.
Auditor
Foundation for Reinventing Governance is audited by SBHA & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SBHA & ASSOCIATES | FY 2023 | 020566N |
Shareholding
The shareholding of Foundation for Reinventing Governance is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Foundation for Reinventing Governance, buy the company report.
Legal cases
No court or tribunal cases involving Foundation for Reinventing Governance 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 Foundation for Reinventing Governance; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Foundation for Reinventing Governance has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AADCF5550C1ZZ | Delhi | Active | 22 Jun 2019 |
To see the full GST registrations and return filing status of Foundation for Reinventing Governance, buy the company report.
Recent activity
Foundation for Reinventing Governance has 6 board changes on record since 2018: 3 appointments and 3 cessations. The latest: Parth Jayantilal Shah ceased to be Director on 15 Apr 2024.
Frequently asked questions
Foundation for Reinventing Governance is an active private not for profit company based in New Delhi, Delhi, India. The company works in k-12 and higher education institutions, within the education industry. It was incorporated on 02 November 2018 (8+ years old) and is registered under CIN U80901DL2018NPL341515.
Foundation for Reinventing Governance has 3 current directors:
- Shekhar Harinbhai Shah - Director
- Vidya Shah - Director
- Luis Miranda - Director
The latest financial statements of Foundation for Reinventing Governance on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 15 September 2025. Year-wise statements from FY 2019 are in the company report.
The GSTIN of Foundation for Reinventing Governance is 07AADCF5550C1ZZ, registered in Delhi.
The CIN (Corporate Identification Number) of Foundation for Reinventing Governance is U80901DL2018NPL341515. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Foundation for Reinventing Governance was incorporated on 02 November 2018, making it 8+ years old. It is registered with the Registrar of Companies, Delhi.
The peers of Foundation for Reinventing Governance by revenue are RKL Galaxy International School Foundation, Manghat Mani Educational Institute, Shri Jeetendra Godara's SLBS Education Foundation, Institute of Management & Technical Studies Education Private Limited, Teachsmart Global Learning Solutions Private Limited and 5 more, all in the Education industry (K12 and Higher Education).
Parth Jayantilal Shah ceased to be Director on 15 Apr 2024. Shekhar Harinbhai Shah ceased to be Additional Director on 11 Aug 2022. Shekhar Harinbhai Shah was appointed as Director on 30 Jun 2022. Foundation for Reinventing Governance has 6 board changes on record in total.
Foundation for Reinventing Governance can be reached through the website ispp.org.in. Its registered office is in New Delhi, Delhi, India.
The registered office of Foundation for Reinventing Governance is at K 24 D Ground Floor Hauz Khas, New Delhi, Delhi, India – 110016.
Foundation for Reinventing Governance operates in the education industry, in the k-12 and higher education institutions segment.
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