About Happiness Reserves Foundation
Data last updated:
Happiness Reserves Foundation is a private not for profit company based in Ahmedabad, Gujarat, India. It operates in the vocational and skill development training segment of the education sector. It was incorporated on 09 February 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U92100GJ2016NPL086005. Its GSTIN is 24AADCH8241E1ZV (Gujarat).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Nayankumar Jayantilal Bhatt and Latha Karthic Iyer.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Chiripal House 132Ft Ring Road Shivranjini Cross Road Jodhpur, Ahmedabad, Gujarat, India – 380015.
As per the financials filed for FY 2023, the company reported a revenue of ₹62.53 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹1.41 Lakh (net margin 2.2%) and EBITDA of -₹60.87 Lakh (EBITDA margin -97.3%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website wsro.in.
Company details
Contact details
Happiness Reserves Foundation's registered office is in Ahmedabad, Gujarat. Its website is wsro.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressChiripal House 132Ft Ring Road Shivranjini Cross Road Jodhpur, Ahmedabad, Gujarat, India – 380015
- IndustryEducation, Vocational & Skill Development Training
To see the full contact details of Happiness Reserves Foundation, 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 Happiness Reserves Foundation
FY 2025 filings availableHappiness Reserves Foundation reported revenue of ₹62.53 Lakh (up 372% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 1% over three years, including 372% growth 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹62.53 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹60.87 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.41 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -97.3% | ||||
| Net Profit Margin | 2.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Happiness Reserves Foundation, buy the company report.
Board of directors of Happiness Reserves Foundation
Happiness Reserves Foundation has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Latha Karthic Iyer | Additional Director | 06 Jan 2026 | 0 Years 9 Months | Current |
| Nayankumar Jayantilal Bhatt | Director | 14 Jun 2017 | 9 Years 4 Months | Current |
Auditor
Happiness Reserves Foundation is audited by J P M K & Company for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| J P M K & Company | FY 2022 | 124193W |
Shareholding
The shareholding of Happiness Reserves Foundation 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 Happiness Reserves Foundation, buy the company report.
Legal cases
No court or tribunal cases involving Happiness Reserves Foundation 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 Happiness Reserves Foundation; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Happiness Reserves Foundation has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AADCH8241E1ZV | Gujarat | Active | 13 May 2024 |
To see the full GST registrations and return filing status of Happiness Reserves Foundation, buy the company report.
Recent activity
Happiness Reserves Foundation has 5 board changes on record since 2017: 2 appointments and 3 cessations. The latest: Vishal Vedprakash Chiripal ceased to be Director on 09 Jan 2026.
Frequently asked questions
Happiness Reserves Foundation is an active private not for profit company based in Ahmedabad, Gujarat, India. The company works in vocational and skill development training, within the education industry. It was incorporated on 09 February 2016 (10+ years old) and is registered under CIN U92100GJ2016NPL086005.
Happiness Reserves Foundation has 2 current directors:
- Latha Karthic Iyer - Additional Director
- Nayankumar Jayantilal Bhatt - Director
The latest financial statements of Happiness Reserves Foundation on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from FY 2016 are in the company report.
The GSTIN of Happiness Reserves Foundation is 24AADCH8241E1ZV, registered in Gujarat.
The CIN (Corporate Identification Number) of Happiness Reserves Foundation is U92100GJ2016NPL086005. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Happiness Reserves Foundation was incorporated on 09 February 2016, making it 10+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Vishal Vedprakash Chiripal ceased to be Director on 09 Jan 2026. Latha Karthic Iyer was appointed as Additional Director on 06 Jan 2026. Nayankumar Jayantilal Bhatt ceased to be Additional Director on 29 Sep 2018. Happiness Reserves Foundation has 5 board changes on record in total.
Happiness Reserves Foundation can be reached through the website wsro.in. Its registered office is in Ahmedabad, Gujarat, India.
The registered office of Happiness Reserves Foundation is at Chiripal House 132Ft Ring Road Shivranjini Cross Road Jodhpur, Ahmedabad, Gujarat, India – 380015.
Happiness Reserves Foundation operates in the education industry, in the vocational and skill development training segment.