Startup India Government of India
Grassroots Energy Technologies India Private Limited - agriculture in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2022
₹1.05 Cr
▲ 169% YoY
Net loss · FY 2022
₹1.48 Cr
Net margin -140.9%
EBITDA · FY 2022
-₹1.15 Cr
EBITDA margin -109.7%
Authorised capital
₹45 Lakh
Registered with MCA
Paid-up capital
₹26.71 Lakh
Issued & subscribed
Company age
10 yrs
Est. 2016
Directors on board
2
As per MCA filings
Active GSTINs
1
of 2 registered
About Grassroots Energy Technologies India Private Limited
Data last updated:
Grassroots Energy Technologies India Private Limited is a foreign private limited company based in Bangalore, Karnataka, India, a subsidiary of Grassroots Energy Inc, Usa and recognised as a startup by DPIIT. It operates in the agricultural products distribution segment of the agriculture sector. It was incorporated on 02 December 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U40200KA2016FTC098191. Its GSTIN is 10AAGCG6051N1ZN (Bihar). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹45 Lakh and a paid-up capital of ₹26.71 Lakh. It is led by directors Abdul Mateen and Yugal Kishore Ray.
Its last annual general meeting (AGM) was held on 10 June 2024, and its latest financial statements are for the year ended 31 March 2022. The registered office is at Brigade Irv 9th And 10th Floors Nallurhalli Whitefield, Bangalore, Karnataka, India – 560066.
As per the financials filed for FY 2022, the company reported a revenue of ₹1.05 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹1.48 Cr (net margin -140.9%) and EBITDA of -₹1.15 Cr (EBITDA margin -109.7%). Revenue has grown at a compounded annual rate (CAGR) of 138% over three years.
The company is associated with 1 brand: Grassroots Energy.
Grassroots Energy Technologies India Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0099262). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website grassrootsenergy.co.
Company details
CIN U40200KA2016FTC098191
Registration Number 098191
Incorporation Date 02 December 2016
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 10 June 2024
Date of Balance Sheet 31 March 2022
Parent Company Grassroots Energy Inc, Usa
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification Small
Udyam Registration UDYAM-KR-03-0099262
Recognitions & Rankings of Grassroots Energy Technologies India
MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-KR-03-0099262
Contact details
Grassroots Energy Technologies India Private Limited's registered office is in Bangalore, Karnataka. Its website is grassrootsenergy.co. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressBrigade Irv 9th And 10th Floors Nallurhalli Whitefield, Bangalore, Karnataka, India – 560066
- IndustryAgriculture, Agro Retail & Distribution
To see the full contact details of Grassroots Energy Technologies India Private Limited, buy the company report.
Comprehensive company report
Grassroots Energy Technologies India 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
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Brands
Grassroots Energy Technologies India operates one associated brand: Grassroots Energy. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Biogas digester systems and organic agri-inputs are supplied to farmers. | grassrootsenergy.co |
Business activity
The main business activity of Grassroots Energy Technologies India is electricity, gas, steam and air condition supply. In detail, this covers electric power generation, transmission and distribution.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution |
To see the full business activity and turnover split of Grassroots Energy Technologies India Private Limited, buy the company report.
Financials of Grassroots Energy Technologies India Private Limited
FY 2022 filings availableGrassroots Energy Technologies India Private Limited reported revenue of ₹1.05 Cr (up 169% YoY) for FY 2022.
Revenue · FY 2022
₹1.05 Cr ▲ 169%
Net loss · FY 2022
₹1.48 Cr margin -140.9%
EBITDA · FY 2022
-₹1.15 Cr margin -109.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 169%
3 years · compounded
▲ 138%
EBITDA CAGR growth
1 year
▲ 35%
3 years · compounded
▼ 15%
5 years · compounded
▼ 50%
Revenue has grown at a compounded annual rate (CAGR) of 138% over three years, including 169% growth in the latest year. EBITDA rose 35% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| EBITDA | -₹1.15 Cr | ||||
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| Net Profit (PAT) | -₹1.48 Cr | ||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| Profitability | |||||
| EBITDA Margin | -109.7% | ||||
| Net Profit Margin | -140.9% | ||||
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To see the full financial statements and ratios of Grassroots Energy Technologies India Private Limited, buy the company report.
Board of directors of Grassroots Energy Technologies India Private Limited
Grassroots Energy Technologies India has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Abdul Mateen | Director | 02 Dec 2016 | 9 Years 10 Months | Current |
| Yugal Kishore Ray Also directs: Ecocatch Industries Private Limited | Additional Director | 15 Feb 2025 | 1 Years 8 Months | Current |
Auditor
Grassroots Energy Technologies India Private Limited is audited by VARMA & VARMA for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VARMA & VARMA | FY 2021 | 004532S |
Shareholding
The shareholding of Grassroots Energy Technologies India Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Grassroots Energy Technologies India Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Grassroots Energy Technologies India 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 Grassroots Energy Technologies India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Grassroots Energy Technologies India has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 10AAGCG6051N1ZN | Bihar | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Grassroots Energy Technologies India Private Limited, buy the company report.
Recent activity
Grassroots Energy Technologies India Private Limited has 8 board changes on record since 2016: 3 appointments and 5 cessations. The latest: Jyothi Chandra Mohan Nagaram ceased to be Additional Director on 15 Feb 2025.
Ceased
Jyothi Chandra Mohan Nagaram ceased to be Additional Director.
Appointed
Yugal Kishore Ray was appointed as Additional Director.
AGM
Grassroots Energy Technologies India Private Limited last Annual general meeting of members was held on 10 Jun 2024 as per latest MCA records.
Ceased
Athul Jose ceased to be Director.
Ceased
Ankit Shukla ceased to be Additional Director.
Ceased
Mohammadi Mateen ceased to be Director.
Filing
Grassroots Energy Technologies India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2022 with Roc Bangalore.
Ceased
Firas Kazi Ahmad ceased to be Director.
Appointed
Abdul Mateen was appointed as Director.
Appointed
Hema Piyush Shah was appointed as Comp. Inc. Oi As Promoter.
Incorporation
02 Dec 2016
Grassroots Energy Technologies India Private Limited was registered on 02 Dec 2016 with Roc Bangalore & aged 9 years 10 months as per MCA records.
Frequently asked questions
Grassroots Energy Technologies India is an active foreign private limited company based in Bangalore, Karnataka, India. The company works in agro retail and distribution, within the agriculture industry. It was incorporated on 02 December 2016 (10+ years old) and is registered under CIN U40200KA2016FTC098191.
Grassroots Energy Technologies India has 2 current directors:
- Abdul Mateen - Director
- Yugal Kishore Ray - Additional Director
The latest financial statements of Grassroots Energy Technologies India on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 10 June 2024. Year-wise statements from FY 2017 are in the company report.
The GSTIN of Grassroots Energy Technologies India is 10AAGCG6051N1ZN, registered in Bihar. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Grassroots Energy Technologies India is U40200KA2016FTC098191. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Grassroots Energy Technologies India was incorporated on 02 December 2016, making it 10+ years old. It is registered with the Registrar of Companies, Bangalore.
Jyothi Chandra Mohan Nagaram ceased to be Additional Director on 15 Feb 2025. Yugal Kishore Ray was appointed as Additional Director on 15 Feb 2025. Athul Jose ceased to be Director on 07 Jun 2024. Grassroots Energy Technologies India has 8 board changes on record in total.
Yes, Grassroots Energy Technologies India is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Grassroots Energy Technologies India is registered as a small enterprise under Udyam registration (number: UDYAM-KR-03-0099262).
Grassroots Energy Technologies India can be reached through the website grassrootsenergy.co. Its registered office is in Bangalore, Karnataka, India.