India's Richest People 2026 edition · 1 director · Source: Hurun India
- #941 Sharad Sanghi ₹3,100 Cr
Revenue · FY 2025
₹3.63 Cr
▲ 8% YoY
Net profit · FY 2025
₹9.92 Lakh
Net margin 2.7%
EBITDA · FY 2025
₹13.21 Lakh
EBITDA margin 3.6%
Company age
10 yrs
Est. 2016
Directors on board
11
As per MCA filings
Active GSTINs
1
GST registered
Brands
1
Associated brands
Last financials
Mar 2025
Balance sheet date
About Iitb Research Park Foundation
Data last updated:
Iitb Research Park Foundation is a private not for profit company based in Mumbai, Maharashtra, India. It operates in the consumer and professional services segment of the travel and hospitality sector. It was incorporated on 28 June 2016 and has been in existence for over 10 years.
Its director Sharad Sanghi is #941 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2016NPL282983. Its GSTIN is 27AAECI2179R1ZV (Maharashtra).
It is led by directors including Aseem Kumar Surendrakumar Gupta and Devang Vipin Khakhar.
Its last annual general meeting (AGM) was held on 08 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Iitb Research Park, Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹3.63 Cr, a growth of 8% compared to the previous year. For the same year it recorded a net profit of ₹9.92 Lakh (net margin 2.7%) and EBITDA of ₹13.21 Lakh (EBITDA margin 3.6%). Revenue has grown at a compounded annual rate (CAGR) of 13% over three years and 11% over five years.
The company is associated with 1 brand: ASPIRE IITB Research Park.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website iitbresearchpark.com.
Company details
CIN U74999MH2016NPL282983
Registration Number 282983
Incorporation Date 28 June 2016
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 08 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
Key People
Aseem Kumar Surendrakumar Gupta Director Devang Vipin Khakhar Director Shireesh Balwant Kedare Nominee Director Recognitions & Rankings of Iitb Research Park Foundation
Contact details
Iitb Research Park Foundation's registered office is in Mumbai, Maharashtra. Its website is iitbresearchpark.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressIitb Research Park Foundation 11th Floor, Research Park Building Iit Bombay Campus Iit Bombay Powai, Mumbai, Maharashtra, India – 400076
- IndustryTravel and Hospitality, Consumer Professional Services
To see the full contact details of Iitb Research Park Foundation, buy the company report.
Comprehensive company report
Iitb Research Park Foundation - one report that includes everything
- 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
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Brands
Iitb Research Park Foundation operates one associated brand: ASPIRE IITB Research Park. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Research and innovation facilitation is provided through industry-academia collaborations in technology and science at IIT Bombay. | iitbresearchpark.com |
Business activity
The main business activity of Iitb Research Park Foundation is professional, scientific and technical activities. In detail, this covers scientific research and development.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, scientific and technical activities | 72 | Scientific research and development |
To see the full business activity and turnover split of Iitb Research Park Foundation, buy the company report.
Financials of Iitb Research Park Foundation
FY 2025 filings availableIitb Research Park Foundation reported revenue of ₹3.63 Cr (up 8% YoY) for FY 2025.
Revenue · FY 2025
₹3.63 Cr ▲ 8%
Net profit · FY 2025
₹9.92 Lakh margin 2.7%
EBITDA · FY 2025
₹13.21 Lakh margin 3.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 8%
3 years · compounded
▲ 13%
5 years · compounded
▲ 11%
EBITDA CAGR growth
1 year
▼ 78%
3 years · compounded
▼ 44%
5 years · compounded
▼ 24%
Revenue has grown at a compounded annual rate (CAGR) of 11% over five years, including 8% growth in the latest year. EBITDA fell 78% 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 | ₹13.21 Lakh | ||||
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| Net Profit (PAT) | ₹9.92 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 | 3.6% | ||||
| Net Profit Margin | 2.7% | ||||
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To see the full financial statements and ratios of Iitb Research Park Foundation, buy the company report.
Board of directors of Iitb Research Park Foundation
Iitb Research Park Foundation has 11 current directors and 16 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Aseem Kumar Surendrakumar Gupta | Director | 08 Sep 2025 | 1 Years 2 Months | Current |
| Devang Vipin Khakhar Also directs: IIT Bombay Development and Relations Foundation | Director | 28 Jun 2016 | 10 Years 4 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 | 07 May 2024 | 2 Years 6 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 | 02 Dec 2025 | 0 Years 11 Months | Current |
| Rekha Rizwan Koita | Director | 19 Dec 2019 | 6 Years 10 Months | Current |
| Nitin Nandkishor Kareer | Director | 29 May 2017 | 9 Years 5 Months | Current |
Showing 6 of 11 current directors. View all directors
Auditor
Iitb Research Park Foundation is audited by D. S. K. & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| D. S. K. & ASSOCIATES | FY 2023 | 117710W |
Shareholding
The shareholding of Iitb Research Park Foundation is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions and public shareholders.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public |
To see the full shareholding pattern of Iitb Research Park Foundation, buy the company report.
Legal cases
No court or tribunal cases involving Iitb Research Park 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 Iitb Research Park Foundation; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Iitb Research Park Foundation has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECI2179R1ZV | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Iitb Research Park Foundation, buy the company report.
Recent activity
Iitb Research Park Foundation has 27 board changes on record since 2016: 11 appointments and 16 cessations. The latest: Kurra Venkata Krishna Rao ceased to be Nominee Director on 02 Dec 2025.
Ceased
Kurra Venkata Krishna Rao ceased to be Nominee Director.
Appointed
Ravindra Dheerendra Gudi was appointed as Nominee Director.
AGM
Iitb Research Park Foundation last Annual general meeting of members was held on 08 Sep 2025 as per latest MCA records.
Appointed
Aseem Kumar Surendrakumar Gupta was appointed as Director.
Ceased
Aseem Kumar Surendrakumar Gupta ceased to be Additional Director.
Ceased
Sharad Shyam Sanghi ceased to be Additional Director.
Ceased
Swaroop Ganguly ceased to be Nominee Director.
Appointed
Vikram Vishal was appointed as Nominee Director.
Filing
Iitb Research Park Foundation has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Appointed
Sharad Shyam Sanghi was appointed as Director.
Appointed
Milind Diwakar Atrey was appointed as Nominee Director.
Appointed
Shireesh Balwant Kedare was appointed as Nominee Director.
18 earlier events are in the company report.
Frequently asked questions
Iitb Research Park Foundation is an active private not for profit company based in Mumbai, Maharashtra, India. The company works in consumer professional services, within the travel and hospitality industry. It was incorporated on 28 June 2016 (10+ years old) and is registered under CIN U74999MH2016NPL282983.
Iitb Research Park Foundation has 11 current directors:
- Aseem Kumar Surendrakumar Gupta - Director
- Devang Vipin Khakhar - Director
- Shireesh Balwant Kedare - Nominee Director
- Ravindra Dheerendra Gudi - Nominee Director
- Rekha Rizwan Koita - Director
- Nitin Nandkishor Kareer - Director
- Vikram Vishal - Nominee Director
- Milind Diwakar Atrey - Nominee Director
- Sachin Chandrashekhar Patwardhan - Nominee Director
- Sharad Shyam Sanghi - Director
- Kurra Venkata Krishna Rao - Nominee Director
The latest financial statements of Iitb Research Park Foundation on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 08 September 2025. Year-wise statements from FY 2017 are in the company report.
The GSTIN of Iitb Research Park Foundation is 27AAECI2179R1ZV, registered in Maharashtra.
The CIN (Corporate Identification Number) of Iitb Research Park Foundation is U74999MH2016NPL282983. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Iitb Research Park Foundation was incorporated on 28 June 2016, making it 10+ years old. It is registered with the Registrar of Companies, Mumbai.
Kurra Venkata Krishna Rao ceased to be Nominee Director on 02 Dec 2025. Ravindra Dheerendra Gudi was appointed as Nominee Director on 02 Dec 2025. Aseem Kumar Surendrakumar Gupta was appointed as Director on 08 Sep 2025. Iitb Research Park Foundation has 27 board changes on record in total.
Iitb Research Park Foundation can be reached through the website iitbresearchpark.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Iitb Research Park Foundation is at Iitb Research Park Foundation 11th Floor, Research Park Building Iit Bombay Campus Iit Bombay Powai, Mumbai, Maharashtra, India – 400076.
Iitb Research Park Foundation operates in the travel and hospitality industry, in the consumer professional services segment.
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