Foundation for Rural Entrepreneurship Development
About Foundation for Rural Entrepreneurship Development
Data last updated:
Foundation for Rural Entrepreneurship Development is a private not for profit company based in Mumbai, Maharashtra, India. It operates in the diversified business activities segment of the business services sector. It was incorporated on 01 June 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2017NPL364886. Its GSTIN is 06AADCF1147R1ZD (Haryana).
It is led by directors Burzis Shapur Taraporevala and Rukshana Farshid Savaksha.
Its last annual general meeting (AGM) was held on 19 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Jehangir Wadia Building 3rd Floor 51 Mahatma Gandhi Road Fort, Mumbai, Maharashtra, India – 400001.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.29 Lakh, a decline of 64% compared to the previous year. For the same year it recorded a net loss of ₹5.68 Lakh (net margin -438.6%) and EBITDA of -₹5.61 Lakh (EBITDA margin -433.4%). Revenue has declined at a compounded annual rate (CAGR) of 88% over three years and 81% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Foundation for Rural Entrepreneurship Development has one previous CIN (Corporate Identification Number): U74999PN2017NPL170777. The current CIN is U74999MH2017NPL364886, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74999MH2017NPL364886 | Current |
| U74999PN2017NPL170777 | Previous |
Contact details
Foundation for Rural Entrepreneurship Development's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressJehangir Wadia Building 3rd Floor 51 Mahatma Gandhi Road Fort, Mumbai, Maharashtra, India – 400001
- IndustryBusiness Services, Miscellaneous Business Activities, Other Services
To see the full contact details of Foundation for Rural Entrepreneurship Development, 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
Financials of Foundation for Rural Entrepreneurship Development
FY 2025 filings availableFoundation for Rural Entrepreneurship Development reported revenue of ₹1.29 Lakh (down 64% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 81% over five years, including a 64% fall in the latest year. EBITDA fell 18% 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 | -₹5.61 Lakh | ||||
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| Net Profit (PAT) | -₹5.68 Lakh | ||||
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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 | -433.4% | ||||
| Net Profit Margin | -438.6% | ||||
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To see the full financial statements and ratios of Foundation for Rural Entrepreneurship Development, buy the company report.
Board of directors of Foundation for Rural Entrepreneurship Development
Foundation for Rural Entrepreneurship Development has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Burzis Shapur Taraporevala | Director | 08 Aug 2022 | 4 Years 2 Months | Current |
| Rukshana Farshid Savaksha Also directs: Tata Healthcare Foundation | Director | 01 Jun 2017 | 9 Years 5 Months | Current |
Auditor
Foundation for Rural Entrepreneurship Development is audited by DELOITTE HASKINS & SELLS LLP for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DELOITTE HASKINS & SELLS LLP | FY 2019 | 117366W |
Shareholding
The shareholding of Foundation for Rural Entrepreneurship Development is on record for FY 2019, split between promoters, domestic institutions and public shareholders.
| Shareholder category | FY 2019 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public |
To see the full shareholding pattern of Foundation for Rural Entrepreneurship Development, buy the company report.
Legal cases
No court or tribunal cases involving Foundation for Rural Entrepreneurship Development 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 Rural Entrepreneurship Development; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Foundation for Rural Entrepreneurship Development has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AADCF1147R1ZD | Haryana | Active | 08 Feb 2018 |
To see the full GST registrations and return filing status of Foundation for Rural Entrepreneurship Development, buy the company report.
Recent activity
Foundation for Rural Entrepreneurship Development has 6 board changes on record since 2017: 4 appointments and 2 cessations. The latest: Raghavan Ramachandra Shastri ceased to be Director on 01 Aug 2025.
Frequently asked questions
Foundation for Rural Entrepreneurship Development is an active private not for profit company based in Mumbai, Maharashtra, India. The company works in miscellaneous business activities, within the business services industry. It was incorporated on 01 June 2017 (9+ years old) and is registered under CIN U74999MH2017NPL364886.
Foundation for Rural Entrepreneurship Development has 2 current directors:
- Burzis Shapur Taraporevala - Director
- Rukshana Farshid Savaksha - Director
The latest financial statements of Foundation for Rural Entrepreneurship Development on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 19 September 2025. Year-wise statements from FY 2018 are in the company report.
The GSTIN of Foundation for Rural Entrepreneurship Development is 06AADCF1147R1ZD, registered in Haryana.
The CIN (Corporate Identification Number) of Foundation for Rural Entrepreneurship Development is U74999MH2017NPL364886. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Foundation for Rural Entrepreneurship Development was incorporated on 01 June 2017, making it 9+ years old. It is registered with the Registrar of Companies, Mumbai.
Raghavan Ramachandra Shastri ceased to be Director on 01 Aug 2025. Prabhat Kumar Pani ceased to be Director on 27 Sep 2022. Burzis Shapur Taraporevala was appointed as Director on 08 Aug 2022. Foundation for Rural Entrepreneurship Development has 6 board changes on record in total.
The registered office of Foundation for Rural Entrepreneurship Development is at Jehangir Wadia Building 3rd Floor 51 Mahatma Gandhi Road Fort, Mumbai, Maharashtra, India – 400001.
Foundation for Rural Entrepreneurship Development operates in the business services industry, in the miscellaneous business activities segment.
The compliance status of Foundation for Rural Entrepreneurship Development is compliant as of 27 August 2026. The company is actively filing with the Registrar of Companies.
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