IIT Ropar-Technology Business Incubator Foundation
About IIT Ropar-Technology Business Incubator Foundation
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IIT Ropar-Technology Business Incubator Foundation is a private not for profit company based in Rupnagar, Punjab, India. It operates in the scientific research segment of the research and development sector. It was incorporated on 20 May 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U73100PB2016NPL045331.
It is led by directors including Rajeev Ahuja and Shashi Shekhar Jha.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Third Floor (East Wing) M. Visvesvaraya Block Iit Ropar, Rupnagar, Punjab, India – 140001.
As per the financials filed for FY 2025, the company reported a revenue of ₹33.31 Lakh, a decline of 79% compared to the previous year. For the same year it recorded a net loss of ₹1.4 Cr (net margin -421.3%) and EBITDA of -₹1.21 Cr (EBITDA margin -362.9%). Revenue has grown at a compounded annual rate (CAGR) of 36% over three years and 94% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
IIT Ropar-Technology Business Incubator Foundation's registered office is in Rupnagar, Punjab.
- Registered AddressThird Floor (East Wing) M. Visvesvaraya Block Iit Ropar, Rupnagar, Punjab, India – 140001
- IndustryResearch & Development, Science Research
- 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 IIT Ropar-Technology Business Incubator Foundation
FY 2025 filings availableIIT Ropar-Technology Business Incubator Foundation reported revenue of ₹33.31 Lakh (down 79% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 79% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 94%. EBITDA fell 192% 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 | -₹1.21 Cr | ||||
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| Net Profit (PAT) | -₹1.4 Cr | ||||
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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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| EBITDA Margin | -362.9% | ||||
| Net Profit Margin | -421.3% | ||||
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To see the full financial statements and ratios of IIT Ropar-Technology Business Incubator Foundation, buy the company report.
Board of directors of IIT Ropar-Technology Business Incubator Foundation
IIT Ropar-Technology Business Incubator Foundation has 5 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajeev Ahuja | Director | 03 Aug 2022 | 4 Years 2 Months | Current |
| Shashi Shekhar Jha | Director | 18 Nov 2021 | 4 Years 11 Months | Current |
| Navin Kumar | Director | 16 Dec 2021 | 4 Years 10 Months | Current |
| Atharva Abhay Poundarik Also directs: Chromasepta Private Limited, Curitex Medical Private Limited, Climacrest Technologies Private Limited and 2 more | Director | 03 Aug 2022 | 4 Years 2 Months | Current |
| Shray Pathak | Director | 26 Jun 2025 | 1 Years 4 Months | Current |
Legal cases
No court or tribunal cases involving IIT Ropar-Technology Business Incubator 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 IIT Ropar-Technology Business Incubator Foundation; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for IIT Ropar-Technology Business Incubator Foundation; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
IIT Ropar-Technology Business Incubator Foundation has 9 board changes on record since 2021: 5 appointments and 4 cessations. The latest: Shray Pathak was appointed as Director on 26 Jun 2025.
Frequently asked questions
IIT Ropar-Technology Business Incubator Foundation is an active private not for profit company based in Rupnagar, Punjab, India. The company works in science research, within the research and development industry. It was incorporated on 20 May 2016 (10+ years old) and is registered under CIN U73100PB2016NPL045331.
IIT Ropar-Technology Business Incubator Foundation has 5 current directors:
- Rajeev Ahuja - Director
- Shashi Shekhar Jha - Director
- Navin Kumar - Director
- Atharva Abhay Poundarik - Director
- Shray Pathak - Director
The latest financial statements of IIT Ropar-Technology Business Incubator Foundation on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2017 are in the company report.
The CIN (Corporate Identification Number) of IIT Ropar-Technology Business Incubator Foundation is U73100PB2016NPL045331. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
IIT Ropar-Technology Business Incubator Foundation was incorporated on 20 May 2016, making it 10+ years old. It is registered with the Registrar of Companies, Chandigarh.
Shray Pathak was appointed as Director on 26 Jun 2025. Anshu Dhar Jayal ceased to be Director on 11 Aug 2023. Ashish Kumar Sahani ceased to be Director on 03 Aug 2022. IIT Ropar-Technology Business Incubator Foundation has 9 board changes on record in total.
The registered office of IIT Ropar-Technology Business Incubator Foundation is at Third Floor East Wing M. Visvesvaraya Block Iit Ropar, Rupnagar, Punjab, India – 140001.
IIT Ropar-Technology Business Incubator Foundation operates in the research and development industry, in the science research segment.
The compliance status of IIT Ropar-Technology Business Incubator Foundation is compliant as of 23 August 2026. The company is actively filing with the Registrar of Companies.
IIT Ropar-Technology Business Incubator Foundation can be reached at its registered office: Third Floor East Wing M. Visvesvaraya Block Iit Ropar, Rupnagar, Punjab, India – 140001.