MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-KR-02-0001085
Hasiru Dala Innovations Private Limited - environment in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹27.82 Cr
▲ 68% YoY
Net loss · FY 2025
₹81.55 Lakh
Net margin -2.9%
EBITDA · FY 2025
₹1.07 Cr
EBITDA margin 3.8%
Authorised capital
₹35 Lakh
Registered with MCA
Paid-up capital
₹31.07 Lakh
Issued & subscribed
Open charges
₹77.08 Lakh
Satisfied ₹2.77 Cr
Company age
11 yrs
Est. 2015
Employees · EPFO
107
Provident fund records
About Hasiru Dala Innovations Private Limited
Data last updated:
Hasiru Dala Innovations Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the waste management and recycling solutions segment of the environmental services sector. It was incorporated on 08 October 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74900KA2015PTC083230. Its GSTIN is 29AADCH7179R1ZJ (Karnataka). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹35 Lakh and a paid-up capital of ₹31.07 Lakh. It is led by directors including Achuthan Nair and Nalini Shekar.
Its last annual general meeting (AGM) was held on 26 September 2025, and its latest financial statements are for the year ended 31 March 2024. The registered office is at G – 4 K/L Block Ground Floor Golden Orchid Kasturba Road Bangalore – 560001, Karnataka, India – 560001.
As per the financials filed for FY 2025, the company reported a revenue of ₹27.82 Cr, a growth of 68% compared to the previous year. For the same year it recorded a net loss of ₹81.55 Lakh (net margin -2.9%) and EBITDA of ₹1.07 Cr (EBITDA margin 3.8%). Revenue has grown at a compounded annual rate (CAGR) of 29% over three years and 17% over five years.
The company has about 107 employees on its provident fund (EPFO) records.
The company is associated with 3 brands: Pensaar Design, Hasiru Dala Innovations and Hasiru Dala. As per MCA filings, the company has open charges of ₹77.08 Lakh and satisfied charges of ₹2.77 Cr on record. Court records list 1 case involving the company, including 1 filed by the company. The company has 6 deals on record (3 funding rounds, 2 rights issues, 1 convertible or debt financing), with disclosed funding of ₹12.12 Cr; the latest was in March 2025. Its 3 peer companies in the Cleantech industry (Recycling and Waste Treatment), with the same principal business activity (waste collection, treatment and disposal activities, materials recovery and other waste management services) are compared by revenue, 1 larger and 2 smaller; the largest is Arham Enviroinfra Private Limited with revenue of ₹28.46 Cr. The company has 11 MSME Form 1 returns on record between 2019 and 2023, listing 75 overdue payments to 30 micro and small suppliers.
Hasiru Dala Innovations Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-02-0001085). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website hasirudalainnovations.com.
Company details
CIN U74900KA2015PTC083230
Registration Number 083230
Incorporation Date 08 October 2015
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 26 September 2025
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-KR-02-0001085
Recognitions & Rankings of Hasiru Dala Innovations
Contact details
Hasiru Dala Innovations Private Limited's registered office is in Bangalore, Karnataka. Its website is hasirudalainnovations.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressG – 4 K/L Block Ground Floor Golden Orchid Kasturba Road Bangalore – 560001, Karnataka, India – 560001
- IndustryEnvironment, Waste Management & Recycling Solutions
To see the full contact details of Hasiru Dala Innovations Private Limited, buy the company report.
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- Historical financials and ratios
- Shareholding pattern and group structure
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- Legal cases, compliance and MCA filings
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Brands
Hasiru Dala Innovations operates multiple associated brands including Pensaar Design, Hasiru Dala Innovations, and Hasiru Dala. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides human-centered design and innovation consulting for business growth and customer solutions. | pensaardesign.com | |
| Integrated waste management solutions are provided for urban areas. | hasirudalainnovations.com | |
| Empowering waste pickers through socio-economic inclusion initiatives. This involves promoting identity rights, education, healthcare, housing, pensions, skill development, employment, and entrepreneurship in sustainable waste management and green business. A key strategy is stakeholder engagement with government and citizens to create opportunities for waste pickers. The organization addresses various aspects of their lives, including livelihood improvements, affordable housing, social security provisions, and training programs. Efforts also focus on children's well-being, health initiatives, and promoting zero-waste practices. The organization aims to improve the lives and livelihoods of waste pickers and enhance their overall well-being. | hasirudala.in |
Business activity
The main business activities of Hasiru Dala Innovations are water supply, sewerage and waste management and trade. In detail, this covers waste collection, treatment and disposal activities, materials recovery and other waste management services and retail trading. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| E | Water supply, sewerage and waste management | E3 | Waste collection, treatment and disposal activities, materials recovery and Other waste management services | |
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Hasiru Dala Innovations Private Limited, buy the company report.
Financials of Hasiru Dala Innovations Private Limited
FY 2024 filings availableHasiru Dala Innovations Private Limited reported revenue of ₹27.82 Cr (up 68% YoY) for FY 2025.
Revenue · FY 2025
₹27.82 Cr ▲ 68%
Net loss · FY 2025
₹81.55 Lakh margin -2.9%
EBITDA · FY 2025
₹1.07 Cr margin 3.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 68%
3 years · compounded
▲ 29%
5 years · compounded
▲ 17%
EBITDA CAGR growth
1 year
▲ 597%
3 years · compounded
▼ 10%
5 years · compounded
▲ 8%
Revenue has grown at a compounded annual rate (CAGR) of 17% over five years, including 68% growth in the latest year. EBITDA rose 597% 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 | ₹1.07 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹81.55 Lakh | ||||
| Balance Sheet | |||||
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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 | 3.8% | ||||
| Net Profit Margin | -2.9% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Hasiru Dala Innovations Private Limited, buy the company report.
Board of directors of Hasiru Dala Innovations Private Limited
Hasiru Dala Innovations has 7 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Achuthan Nair | Director | 14 Feb 2017 | 9 Years 8 Months | Current |
| Florin Marc Lanz | Nominee Director | 31 Jul 2021 | 5 Years 3 Months | Current |
| Nalini Shekar Also directs: Yuva Urban Initiatives. . | Director | 08 Oct 2015 | 11 Years 0 Months | Current |
| Chandra Kant Komaragiri | Nominee Director | 03 Sep 2021 | 5 Years 1 Months | Current |
| Shalini Chhabra Also directs: Incipia Advisors LLP | Nominee Director | 03 Jun 2025 | 1 Years 4 Months | Current |
| Malabari Abdul Marwan Abubaker | Director | 08 Oct 2015 | 11 Years 0 Months | Current |
Showing 6 of 7 current directors. View all directors
Peer comparison
Hasiru Dala Innovations Private Limited is compared with the 3 companies closest to it by revenue in the Cleantech industry (Recycling and Waste Treatment), with the same principal business activity (waste collection, treatment and disposal activities, materials recovery and other waste management services), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Arham Enviroinfra Private Limited | ₹28.46 Cr (FY 2024) | 687.0% | Ahmedabad, Gujarat, India | |||
| Hasiru Dala Innovations Private Limitedthis company | ₹27.82 Cr (FY 2025) | -₹81.55 Lakh | -2.9% | 68.0% | 107 | Bangalore, Karnataka, India |
| Rewa MSW Energy Solutions Private Limited | ₹27.78 Cr (FY 2025) | 11.0% | Hyderabad, Telangana, India | |||
| SMS Envoclean Private Limited | ₹27.76 Cr (FY 2025) | 0.0% | Nagpur, Maharashtra, India |
To see the full peer comparison of Hasiru Dala Innovations Private Limited, buy the company report.
Auditor
Hasiru Dala Innovations Private Limited is audited by Narayanan Patil & Ramesh for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Narayanan Patil & Ramesh | FY 2024 | 002395S |
Shareholding
The shareholding of Hasiru Dala Innovations Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Hasiru Dala Innovations Private Limited, buy the company report.
Charges & borrowings
Open charges
₹77.08 Lakh
Satisfied charges
₹2.77 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Oct 2024 | 101042643 | Others | ₹3.91 Lakh | Open | |
| 24 Sep 2024 | 101032559 | Others | ₹8.17 Lakh | Open | |
| 01 May 2020 | 100347225 | Hdfc Bank Limited | ₹65 Lakh | Open | |
| 21 Sep 2021 | 100483033 | Others | ₹1.5 Cr | Satisfied | |
| 29 Jul 2021 | 100477834 | Others | ₹5.95 Lakh | Satisfied |
To see the full charge records of Hasiru Dala Innovations Private Limited, buy the company report.
Total charge records: 15 View all charges
Deals & funding
Hasiru Dala Innovations Private Limited has 6 deals on record (3 funding rounds, 2 rights issues, 1 convertible or debt financing), with disclosed funding of ₹12.12 Cr; the latest was in March 2025.
Total deals
6
Funding rounds
3
Rights issues
2
Convertible or debt financing
1
Disclosed funding
₹12.12 Cr
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2025 | Funding round · Pre-Series A | ₹1 Cr | Investors: Next Bharat Ventures |
| May 2024 | Funding round | ₹4.88 Cr | Investors: elea Foundation for Ethics in Globalization, Impact Investment Holding (Ennovent), Beyond Capital Fund |
| Aug 2016 | Funding round · Seed | ₹1.25 Cr | Investors: Impact Investment Holding (Ennovent), Social Alpha |
| Apr 2016 | Rights issue | ₹10 Lakh | Investors: an individual |
| Jan 2016 | Rights issue | ₹16 Lakh | Investors: 3 individuals |
To see the full deal history of Hasiru Dala Innovations Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Hasiru Dala Innovations Private Limited has 1 court case on record: 1 filed by Hasiru Dala Innovations. All case is disposed.
Total cases
1
Filed by the company
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against an individual | Disposed |
To see the full case history of Hasiru Dala Innovations Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
Hasiru Dala Innovations Private Limited has 11 MSME Form 1 returns on record between 2019 and 2023, listing 75 overdue payments to 30 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 30)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| MSGP Infra Tech Private Limited | |||
| an individual supplier | |||
| Candor Business Solutions Private Limited | |||
| Hasiru Dala CR | |||
| Azuga Telematics Private Limited |
To see the full MSME payment records of Hasiru Dala Innovations Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Hasiru Dala Innovations has 1 joint venture. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
1
Joint ventures
Employees & EPFO
Hasiru Dala Innovations Private Limited has a workforce of 107 employees on its EPFO records as of Aug 20, 2025, across 1 active EPFO establishment.
Employee count
107
Active EPFO establishments
1
Employee growth
-6.14%
GST
Hasiru Dala Innovations has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AADCH7179R1ZJ | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Hasiru Dala Innovations Private Limited, buy the company report.
Recent activity
Hasiru Dala Innovations Private Limited has 9 board changes on record since 2015: 7 appointments and 2 cessations. The latest: Shalini Chhabra was appointed as Nominee Director on 03 Jun 2025.
Charges
A charge registered on 21 Sep 2021 via Charge ID 100483033 with Others was fully satisfied on 15 Oct 2025.
AGM
Hasiru Dala Innovations Private Limited last Annual general meeting of members was held on 26 Sep 2025 as per latest MCA records.
Charges
A charge registered on 29 Jul 2021 via Charge ID 100477834 with Others was fully satisfied on 26 Aug 2025.
Charges
A charge registered on 29 Jul 2021 via Charge ID 100477863 with Others was fully satisfied on 26 Aug 2025.
Charges
A charge registered on 29 Jul 2021 via Charge ID 100477894 with Others was fully satisfied on 26 Aug 2025.
Charges
A charge registered on 29 Jul 2021 via Charge ID 100478166 with Others was fully satisfied on 26 Aug 2025.
Charges
A charge registered on 29 Jul 2021 via Charge ID 100479115 with Others was fully satisfied on 26 Aug 2025.
Appointed
Shalini Chhabra was appointed as Nominee Director.
Ceased
Peter Scheuch ceased to be Nominee Director.
Charges
A charge with Others amounted to Rs. 3.91 Lakh with Charge ID 101042643 was registered on 22 Oct 2024.
Charges
A charge registered on 09 Sep 2020 via Charge ID 100397893 with Others was fully satisfied on 16 Oct 2024.
Charges
A charge registered on 09 Sep 2020 via Charge ID 100397900 with Others was fully satisfied on 16 Oct 2024.
27 earlier events are in the company report.
News
Frequently asked questions
Hasiru Dala Innovations is an active private limited company based in Bangalore, Karnataka, India. The company works in waste management and recycling solutions, within the environment industry. It was incorporated on 08 October 2015 (11+ years old) and is registered under CIN U74900KA2015PTC083230.
Hasiru Dala Innovations has 7 current directors:
- Achuthan Nair - Director
- Florin Marc Lanz - Nominee Director
- Nalini Shekar - Director
- Chandra Kant Komaragiri - Nominee Director
- Shalini Chhabra - Nominee Director
- Malabari Abdul Marwan Abubaker - Director
- Shekar Prabhakar - Director
The latest financial statements of Hasiru Dala Innovations on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 26 September 2025. Year-wise statements from FY 2016 are in the company report.
The GSTIN of Hasiru Dala Innovations is 29AADCH7179R1ZJ, registered in Karnataka. 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 Hasiru Dala Innovations is U74900KA2015PTC083230. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hasiru Dala Innovations has 1 court case on record: 1 filed by the company.
Hasiru Dala Innovations was incorporated on 08 October 2015, making it 11+ years old. It is registered with the Registrar of Companies, Bangalore.
Hasiru Dala Innovations has 6 deals on record (3 funding rounds, 2 rights issues, 1 convertible or debt financing), with disclosed funding of ₹12.12 Cr; the latest was in March 2025.
The peers of Hasiru Dala Innovations by revenue are Arham Enviroinfra Private Limited, Rewa MSW Energy Solutions Private Limited, SMS Envoclean Private Limited, all in the Cleantech industry (Recycling and Waste Treatment), with the same principal business activity (waste collection, treatment and disposal activities, materials recovery and other waste management services).
Shalini Chhabra was appointed as Nominee Director on 03 Jun 2025. Peter Scheuch ceased to be Nominee Director on 21 Apr 2025. Chandra Kant Komaragiri ceased to be Nominee Director on 07 Aug 2024. Hasiru Dala Innovations has 9 board changes on record in total.
Yes, Hasiru Dala Innovations is registered as a small enterprise under Udyam registration (number: UDYAM-KR-02-0001085).
Hasiru Dala Innovations has 11 MSME Form 1 returns on record between 2019 and 2023, listing 75 overdue payments to 30 micro and small suppliers. The latest return was filed on 29 Aug 2023.
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