About IIT Bombay Development and Relations Foundation
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IIT Bombay Development and Relations Foundation is a private not for profit company based in Mumbai, Maharashtra, India. It operates in the diversified business activities segment of the business services sector. It was incorporated on 16 November 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2015NPL270178. Its GSTIN is 27AADCI9846E1ZB (Maharashtra).
It is led by directors including Devang Vipin Khakhar and Shantanu Rastogi.
Its last annual general meeting (AGM) was held on 18 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Indian Institute Of Technology Bombay Campus A. S. Marg Powai, Mumbai, Maharashtra, India – 400076.
As per the financials filed for FY 2025, the company reported a revenue of ₹14.25 Cr, a growth of 6% compared to the previous year. For the same year it recorded a net loss of ₹3.31 Cr (net margin -23.2%) and EBITDA of -₹2.93 Cr (EBITDA margin -20.6%). Revenue has grown at a compounded annual rate (CAGR) of 27% over three years and 44% over five years.
The company has about 37 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 alumni.acr.iitb.ac.in.
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- Website
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- Registered AddressIndian Institute Of Technology Bombay Campus A. S. Marg Powai, Mumbai, Maharashtra, India – 400076
- IndustryBusiness Services, Miscellaneous Business Activities, Other Services
- 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
- One PDF report, delivered after checkout
Financials of IIT Bombay Development and Relations Foundation FY 2025 filings available
IIT Bombay Development and Relations Foundation reported revenue of ₹14.25 Cr (up 6% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of IIT Bombay Development and Relations Foundation
Revenue has grown at a compounded annual rate (CAGR) of 44% over five years, including 6% growth in the latest year. EBITDA fell 227% 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 of IIT Bombay Development and Relations Foundation
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹2.93 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹3.31 Cr | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
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| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of IIT Bombay Development and Relations Foundation
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -20.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -23.2% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of IIT Bombay Development and Relations Foundation are in the company report.
Financial statements from FY 2016
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Auditor Details of IIT Bombay Development and Relations Foundation
IIT Bombay Development and Relations Foundation is audited by D S K & ASSOCIATES for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| D S K & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of IIT Bombay Development and Relations Foundation
IIT Bombay Development and Relations Foundation has 11 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Krishna Pillai Kaliappan Also directs: Tih Foundation for Iot and Ioe | Nominee Director | 22 Aug 2023 | 3 Years 1 Months | Current |
| Devang Vipin Khakhar Also directs: Iitb Research Park Foundation | Director | 16 Nov 2015 | 10 Years 10 Months | Current |
| Shireesh Balwant Kedare Also directs: Qmet Tech Foundation, Tih Foundation for Iot and Ioe, Iitb-Wustl Research and Educational Academy and 4 more | Nominee Director | 09 May 2024 | 2 Years 5 Months | Current |
| Ravindra Dheerendra Gudi Also directs: Qmet Tech Foundation, Tih Foundation for Iot and Ioe, Iitb-Wustl Research and Educational Academy and 4 more | Nominee Director | 31 Oct 2025 | 0 Years 11 Months | Current |
| Ganesh Kisanrao Bhorkade | Nominee Director | 21 Jul 2022 | 4 Years 2 Months | Current |
| Milind Diwakar Atrey Also directs: Qmet Tech Foundation, Tih Foundation for Iot and Ioe, Iitb-Wustl Research and Educational Academy and 5 more | Nominee Director | 29 Aug 2024 | 2 Years 1 Months | Current |
Ownership and Shareholding of IIT Bombay Development and Relations Foundation
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of IIT Bombay Development and Relations Foundation
IIT Bombay Development and Relations Foundation does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at IIT Bombay Development and Relations Foundation
IIT Bombay Development and Relations Foundation has a workforce of 37 employees as of Apr 06, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
News related to IIT Bombay Development and Relations Foundation
Recent Activity on IIT Bombay Development and Relations Foundation
IIT Bombay Development and Relations Foundation has 25 board changes on record since 2015: 12 appointments and 13 cessations. The latest: Kurra Venkata Krishna Rao ceased to be Nominee Director on 31 Oct 2025.
16 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for IIT Bombay Development and Relations Foundation
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by IIT Bombay Development and Relations Foundation
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of IIT Bombay Development and Relations Foundation
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of IIT Bombay Development and Relations Foundation
IIT Bombay Development and Relations Foundation has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCI9846E1ZB | Maharashtra | Active | 17 Jul 2018 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of IIT Bombay Development and Relations Foundation
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about IIT Bombay Development and Relations Foundation
IIT Bombay Development and Relations Foundation is an active private not for profit company based in Mumbai, Maharashtra, India. The company works in miscellaneous business activities, within the business services industry. It was incorporated on 16 November 2015 (11+ years old) and is registered under CIN U74999MH2015NPL270178.
IIT Bombay Development and Relations Foundation reported revenue of ₹14.25 Cr for FY 2025 (up 6% YoY).
IIT Bombay Development and Relations Foundation has 11 current directors:
- Krishna Pillai Kaliappan - Nominee Director
- Devang Vipin Khakhar - Director
- Shireesh Balwant Kedare - Nominee Director
- Ravindra Dheerendra Gudi - Nominee Director
- Ganesh Kisanrao Bhorkade - Nominee Director
- Milind Diwakar Atrey - Nominee Director
- Shantanu Rastogi - Director
- Parag Phoolchand Saxena - Director
- Upendra Vijendra Bhandarkar - Nominee Director
- Ramesh Mangaleswaran - Director
- Dhananjay Chandrakant Saheba - Director
IIT Bombay Development and Relations Foundation reported a net loss of ₹3.31 Cr (net margin -23.2%) and EBITDA of -₹2.93 Cr (EBITDA margin -20.6%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of IIT Bombay Development and Relations Foundation is 27% over three years and 44% over five years. In the latest year (FY 2025) revenue rose 6%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of IIT Bombay Development and Relations Foundation is 27AADCI9846E1ZB, registered in Maharashtra.
The CIN (Corporate Identification Number) of IIT Bombay Development and Relations Foundation is U74999MH2015NPL270178. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
IIT Bombay Development and Relations Foundation was incorporated on 16 November 2015, making it 11+ years old. It is registered with the Registrar of Companies, Mumbai.
Kurra Venkata Krishna Rao ceased to be Nominee Director on 31 Oct 2025. Ravindra Dheerendra Gudi was appointed as Nominee Director on 31 Oct 2025. Ravindra Dheerendra Gudi ceased to be Nominee Director on 29 Jul 2025. IIT Bombay Development and Relations Foundation has 25 board changes on record in total.
IIT Bombay Development and Relations Foundation can be reached through the website alumni.acr.iitb.ac.in. Its registered office is in Mumbai, Maharashtra, India.