About Icmai Management Accounting Research Foundation
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Icmai Management Accounting Research Foundation is a private not for profit company based in New Delhi, Delhi, India, a subsidiary of The Institute Of Cost Accountants Of India. It operates in the accounting and financial analysis segment of the business process outsourcing sector. It was incorporated on 17 August 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U80902DL2009NPL314370. The company has 10 GST registrations on record, none of which is active.
It is led by directors including Ashwinkumar Gordhanbhai Dalwadi and Chittaranjan Chattopadhyay.
Its last annual general meeting (AGM) was held on 18 July 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 4th Floor Cma Bhawan 3 Institutional Area Lodhi Road, New Delhi, Delhi, India – 110003.
As per the financials filed for FY 2025, the company reported a revenue of ₹3.17 Cr, a decline of 14% compared to the previous year. For the same year it recorded a net profit of ₹34.12 Lakh (net margin 10.8%) and EBITDA of ₹34.87 Lakh (EBITDA margin 11%). Revenue has grown at a compounded annual rate (CAGR) of 52% over three years and 25% over five years.
The company has about 2 employees on its provident fund (EPFO) records.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website icwai.org.
Company details
CIN history
Icmai Management Accounting Research Foundation has one previous CIN (Corporate Identification Number): U80902WB2009NPL137794. The current CIN is U80902DL2009NPL314370, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U80902DL2009NPL314370 | Current |
| U80902WB2009NPL137794 | Previous |
Contact details
Icmai Management Accounting Research Foundation's registered office is in New Delhi, Delhi. Its website is icwai.org. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address4th Floor Cma Bhawan 3 Institutional Area Lodhi Road, New Delhi, Delhi, India – 110003
- IndustryBusiness Outsourcing, Accounting and Financial Analysis
To see the full contact details of Icmai Management Accounting Research 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
Business activity
The main business activity of Icmai Management Accounting Research Foundation is professional, scientific and technical. In detail, this covers management consultancy activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M3 | Management consultancy activities |
To see the full business activity and turnover split of Icmai Management Accounting Research Foundation, buy the company report.
Financials of Icmai Management Accounting Research Foundation
FY 2025 filings availableIcmai Management Accounting Research Foundation reported revenue of ₹3.17 Cr (down 14% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 14% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 25%. EBITDA fell 55% 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 | ₹34.87 Lakh | ||||
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| Net Profit (PAT) | ₹34.12 Lakh | ||||
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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 | 11% | ||||
| Net Profit Margin | 10.8% | ||||
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To see the full financial statements and ratios of Icmai Management Accounting Research Foundation, buy the company report.
Board of directors of Icmai Management Accounting Research Foundation
Icmai Management Accounting Research Foundation has 7 current directors and 30 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashwinkumar Gordhanbhai Dalwadi | Nominee Director | 07 Sep 2023 | 3 Years 1 Months | Current |
| Chittaranjan Chattopadhyay Also directs: Accounting Technicians Foundation | Nominee Director | 06 Nov 2020 | 5 Years 11 Months | Current |
| Srinivasa Prasad Tca | Nominee Director | 19 Feb 2025 | 1 Years 8 Months | Current |
| Ponnaganti Vinayaranjan | Nominee Director | 07 Sep 2023 | 3 Years 1 Months | Current |
| Neeraj Dhananjay Joshi | Nominee Director | 07 Sep 2023 | 3 Years 1 Months | Current |
| Bibhuti Bhusan Nayak | Nominee Director | 07 Sep 2023 | 3 Years 1 Months | Current |
Auditor
Icmai Management Accounting Research Foundation is audited by SINGH KRISHNA AND ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SINGH KRISHNA AND ASSOCIATES | FY 2017 | 008714C |
Shareholding
The shareholding of Icmai Management Accounting Research Foundation is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions and public shareholders.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Public |
To see the full shareholding pattern of Icmai Management Accounting Research Foundation, buy the company report.
Legal cases
No court or tribunal cases involving Icmai Management Accounting Research 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 Icmai Management Accounting Research Foundation; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Icmai Management Accounting Research Foundation has a workforce of 2 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
Icmai Management Accounting Research Foundation has 10 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Icmai Management Accounting Research Foundation, buy the company report.
Recent activity
Icmai Management Accounting Research Foundation has 67 board changes on record since 2009: 37 appointments and 30 cessations. The latest: Amit Anand Apte ceased to be Nominee Director on 19 Feb 2025.
58 earlier events are in the company report.
Frequently asked questions
Icmai Management Accounting Research Foundation is an active private not for profit company based in New Delhi, Delhi, India. The company works in accounting and financial analysis, within the business outsourcing industry. It was incorporated on 17 August 2009 (17+ years old) and is registered under CIN U80902DL2009NPL314370.
Icmai Management Accounting Research Foundation has 7 current directors:
- Ashwinkumar Gordhanbhai Dalwadi - Nominee Director
- Chittaranjan Chattopadhyay - Nominee Director
- Srinivasa Prasad Tca - Nominee Director
- Ponnaganti Vinayaranjan - Nominee Director
- Neeraj Dhananjay Joshi - Nominee Director
- Bibhuti Bhusan Nayak - Nominee Director
- Manoj Kumar Anand - Nominee Director
The latest financial statements of Icmai Management Accounting Research Foundation on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 18 July 2025. Year-wise statements from 2015 are in the company report.
No. Icmai Management Accounting Research Foundation has 10 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Icmai Management Accounting Research Foundation is U80902DL2009NPL314370. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Icmai Management Accounting Research Foundation was incorporated on 17 August 2009, making it 17+ years old. It is registered with the Registrar of Companies, Delhi.
Amit Anand Apte ceased to be Nominee Director on 19 Feb 2025. Dinesh Chander Bajaj ceased to be Nominee Director on 19 Feb 2025. Srinivasa Prasad Tca was appointed as Nominee Director on 19 Feb 2025. Icmai Management Accounting Research Foundation has 67 board changes on record in total.
Icmai Management Accounting Research Foundation can be reached through the website icwai.org. Its registered office is in New Delhi, Delhi, India.
The registered office of Icmai Management Accounting Research Foundation is at 4th Floor Cma Bhawan 3 Institutional Area Lodhi Road, New Delhi, Delhi, India – 110003.
Icmai Management Accounting Research Foundation operates in the business outsourcing industry, in the accounting and financial analysis segment.
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