MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2022-23)
- Udyam number
- UDYAM-KR-13-0031458
Foundation for Sandboxstartup Initiatives - business services in Hubli, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹4.76 Cr
▼ 31% YoY
Net loss · FY 2025
₹2.29 Cr
Net margin -48.1%
EBITDA · FY 2025
-₹1.66 Cr
EBITDA margin -34.9%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
10 yrs
Est. 2016
Employees · EPFO
58
Provident fund records
Directors on board
4
As per MCA filings
About Foundation for Sandboxstartup Initiatives
Data last updated:
Foundation for Sandboxstartup Initiatives is a private not for profit company based in Hubli, Karnataka, India. It operates in the business support services segment of the business services sector. It was incorporated on 06 May 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74999KA2016NPL092977.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Rachit Nayan Parekh and Geereddy Reddy.
Its last annual general meeting (AGM) was held on 27 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Next To International Airport Gokul Road Opp To Gokul Village, Hubli, Karnataka, India – 580030.
As per the financials filed for FY 2025, the company reported a revenue of ₹4.76 Cr, a decline of 31% compared to the previous year. For the same year it recorded a net loss of ₹2.29 Cr (net margin -48.1%) and EBITDA of -₹1.66 Cr (EBITDA margin -34.9%). Revenue has grown at a compounded annual rate (CAGR) of 34% over three years and 17% over five years.
The company has about 58 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Deshpande Startups.
Foundation for Sandboxstartup Initiatives is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-13-0031458). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website sandboxstartups.org.
Company details
CIN U74999KA2016NPL092977
Registration Number 092977
Incorporation Date 06 May 2016
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 27 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-KR-13-0031458
Recognitions & Rankings of Foundation for Sandboxstartup Initiatives
Contact details
Foundation for Sandboxstartup Initiatives's registered office is in Hubli, Karnataka. Its website is sandboxstartups.org. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNext To International Airport Gokul Road Opp To Gokul Village, Hubli, Karnataka, India – 580030
- IndustryBusiness Services, Business Support Services
To see the full contact details of Foundation for Sandboxstartup Initiatives, buy the company report.
Comprehensive company report
Foundation for Sandboxstartup Initiatives - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
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- Legal cases, compliance and MCA filings
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Brands
Foundation for Sandboxstartup Initiatives operates one associated brand: Deshpande Startups. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Supporting startups through incubation, funding, and innovation services in India. | deshpandestartups.org |
Business activity
The main business activity of Foundation for Sandboxstartup Initiatives 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 Foundation for Sandboxstartup Initiatives, buy the company report.
Financials of Foundation for Sandboxstartup Initiatives
FY 2025 filings availableFoundation for Sandboxstartup Initiatives reported revenue of ₹4.76 Cr (down 31% YoY) for FY 2025.
Revenue · FY 2025
₹4.76 Cr ▼ 31%
Net loss · FY 2025
₹2.29 Cr margin -48.1%
EBITDA · FY 2025
-₹1.66 Cr margin -34.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 31%
3 years · compounded
▲ 34%
5 years · compounded
▲ 17%
EBITDA CAGR growth
1 year
▼ 18%
3 years · compounded
▼ 1%
5 years · compounded
▼ 86%
Revenue fell 31% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 17%. 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 | -₹1.66 Cr | ||||
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| Net Profit (PAT) | -₹2.29 Cr | ||||
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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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| Profitability | |||||
| EBITDA Margin | -34.9% | ||||
| Net Profit Margin | -48.1% | ||||
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To see the full financial statements and ratios of Foundation for Sandboxstartup Initiatives, buy the company report.
Board of directors and KMP of Foundation for Sandboxstartup Initiatives
Foundation for Sandboxstartup Initiatives currently reports 3 directors and 1 key managerial person. 8 former directors have served the organization.
Current Directors and KMP
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rachit Nayan Parekh Also directs: Spark Entrepreneurship Development Centre | Director | 25 Sep 2023 | 3 Years 1 Months | Current |
| Geereddy Reddy | Director | 23 Aug 2021 | 5 Years 2 Months | Current |
| Ramanathan Narayanan | Director | 06 May 2016 | 10 Years 5 Months | Current |
| Manish Kumar Jaiswal | Ceo | 01 Sep 2024 | 2 Years 2 Months | Current |
Peer comparison
Foundation for Sandboxstartup Initiatives is compared with the 3 companies closest to it by revenue in the Business Services industry (Business Auxiliary Services), with the same principal business activity (other support services to organizations), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Eagle Quest International (India) Private Limited | ₹4.8 Cr (FY 2024) | 1.0% | Coimbatore, Tamil Nadu, India | |||
| Foundation for Sandboxstartup Initiativesthis company | ₹4.76 Cr (FY 2025) | -₹2.29 Cr | -48.1% | -31.0% | 58 | Hubli, Karnataka, India |
| Aaddhyaa Digital and Services Private Limited | ₹4.75 Cr (FY 2024) | Noida, Uttar Pradesh, India | ||||
| Bardwood Support Services India Private Limited | ₹4.74 Cr (FY 2024) | 177.0% | Bengaluru, Karnataka, India |
To see the full peer comparison of Foundation for Sandboxstartup Initiatives, buy the company report.
Auditor
Foundation for Sandboxstartup Initiatives is audited by SURESH & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SURESH & CO. | FY 2023 | 004255S |
Shareholding
The shareholding of Foundation for Sandboxstartup Initiatives 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 Sandboxstartup Initiatives, buy the company report.
Legal cases
No court or tribunal cases involving Foundation for Sandboxstartup Initiatives 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 Sandboxstartup Initiatives; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Foundation for Sandboxstartup Initiatives has a workforce of 58 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
Employee count
58
Active EPFO establishments
1
Employee growth
-1.69%
GST
No GST registration is on our record for Foundation for Sandboxstartup Initiatives; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Foundation for Sandboxstartup Initiatives has 12 board changes on record since 2016: 5 appointments and 7 cessations. The latest: Manish Kumar Jaiswal ceased to be Additional Director on 26 Sep 2025.
AGM
Foundation For Sandboxstartup Initiatives last Annual general meeting of members was held on 27 Sep 2025 as per latest MCA records.
Ceased
Manish Kumar Jaiswal ceased to be Additional Director.
Filing
Foundation For Sandboxstartup Initiatives has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Appointed
Manish Kumar Jaiswal was appointed as CEO.
Ceased
Rachit Nayan Parekh ceased to be Additional Director.
Appointed
Rachit Nayan Parekh was appointed as Director.
Appointed
Sankaran Karthik was appointed as Whole-Time Director.
Ceased
Sankaran Karthik ceased to be Additional Director.
Ceased
Aravind Dattatrayrao Chinchure ceased to be Director.
Ceased
Geereddy Reddy ceased to be Additional Director.
Appointed
Geereddy Reddy was appointed as Director.
Ceased
Naveen Udaichand Jha ceased to be Director.
3 earlier events are in the company report.
From our blog
Frequently asked questions
Foundation for Sandboxstartup Initiatives is an active private not for profit company based in Hubli, Karnataka, India. The company works in business support services, within the business services industry. It was incorporated on 06 May 2016 (10+ years old) and is registered under CIN U74999KA2016NPL092977.
Foundation for Sandboxstartup Initiatives has 4 current directors and KMP:
- Rachit Nayan Parekh - Director
- Geereddy Reddy - Director
- Ramanathan Narayanan - Director
- Manish Kumar Jaiswal - Ceo
The latest financial statements of Foundation for Sandboxstartup Initiatives on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 27 September 2025. Year-wise statements from FY 2017 are in the company report.
The CIN (Corporate Identification Number) of Foundation for Sandboxstartup Initiatives is U74999KA2016NPL092977. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Foundation for Sandboxstartup Initiatives was incorporated on 06 May 2016, making it 10+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Foundation for Sandboxstartup Initiatives by revenue are Eagle Quest International (India) Private Limited, Aaddhyaa Digital and Services Private Limited, Bardwood Support Services India Private Limited, all in the Business Services industry (Business Auxiliary Services), with the same principal business activity (other support services to organizations).
Manish Kumar Jaiswal ceased to be Additional Director on 26 Sep 2025. Manish Kumar Jaiswal was appointed as CEO on 01 Sep 2024. Rachit Nayan Parekh ceased to be Additional Director on 08 Aug 2024. Foundation for Sandboxstartup Initiatives has 12 board changes on record in total.
Yes, Foundation for Sandboxstartup Initiatives is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-13-0031458).
Foundation for Sandboxstartup Initiatives can be reached through the website sandboxstartups.org. Its registered office is in Hubli, Karnataka, India.
The registered office of Foundation for Sandboxstartup Initiatives is at Next To International Airport Gokul Road Opp To Gokul Village, Hubli, Karnataka, India – 580030.
Foundation for Sandboxstartup Initiatives operates in the business services industry, in the business support services segment.
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