Iiti Advanced Centre For Entrepreneurship (Ace) Foundation - Company Profile

It is a non-profit organizations private not for profit company based in Indore, Madhya Pradesh, India, established in 2022.

2022 Indore, Madhya Pradesh, India Active

Last Updated: December 18, 2025

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About Iiti Advanced Centre For Entrepreneurship (Ace) Foundation

Iiti Advanced Centre For Entrepreneurship (Ace) Foundation, a active private not for profit company, was established on 14 July 2022 in Indore, Madhya Pradesh, India. Engaging in social work within the non-profit organizations sector, it holds CIN: U85300MP2022NPL061822. Registered under ROC Roc Gwalior. it is unlisted. It has an authorized capital of ₹1.50 M and a paid-up capital of ₹0.10 M.

Its leadership includes Suman Mukhopadhyay (Director), Suhas Sitaram Joshi (Director). Past directors included Rajeev Pandey, Suman Mukhopadhyay, Anand Parey. Its latest AGM occurred on 30 September 2025, with the balance sheet filed on 31 March 2025. It is based at Indian Institute Of Technology Indore Campus,Khandwa Road, Simrol, Indore, Madhya Pradesh, 453552.

Company Details

CIN/LLPIN
U85300MP2022NPL061822
Registration Number
061822
Incorporation Date
14 July 2022
Authorized Capital
₹1.50 M
Paid-Up Capital
₹0.10 M
ROC Code
Roc Gwalior
Listing Status
Unlisted
Company Status
Active

Key Metrics

Authorised Capital ₹ 1.50 M as on 18-12-2025
Paid Up Capital ₹ 0.10 M as on 18-12-2025
Company Age 3 Year, 7 Months
Last Filing with ROC 31 Mar 2025

Comprehensive Company Insights

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Who are the key members and board of directors at Iiti Advanced Centre For Entrepreneurship (Ace) Foundation?

Current Directors

Name	Designation	Appointment Date	Status
Suman Mukhopadhyay	Director	31 Jul 2023	Current
Suhas Sitaram Joshi	Director	14 Jul 2022	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Cfo	-	Past
Pramod Abcsdd	Additional Director	28 Sep 2023	Past
Pramod Abcsdd	Director	31 Jul 2023	Past

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Financial Performance of Iiti Advanced Centre For Entrepreneurship (Ace) Foundation.

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Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

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What is the Ownership and Shareholding Structure of Iiti Advanced Centre For Entrepreneurship (Ace) Foundation?

Unlock access to Iiti Advanced Centre For Entrepreneurship (Ace) Foundation's control and ownership data, Corporate Shareholding Patterns, Funding (security allotment) details, Foreign Institutional Investor information, Directors and Key Management Personnel (KMP) Remuneration, Group Structure, Overseas Direct Investment and other pertinent data.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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How Many Employees Work at Iiti Advanced Centre For Entrepreneurship (Ace) Foundation?

Iiti Advanced Centre For Entrepreneurship (Ace) Foundation has a workforce of 0 employees as of Apr 05, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

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Rating

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Alerts

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Latest Updates, News, and FAQs on Iiti Advanced Centre For Entrepreneurship (Ace) Foundation

Recent Activity within the Organization

Annual General Meeting

Iiti Advanced Centre For Entrepreneurship (Ace) Foundation last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records. was recorded as a recent event.
30 Sep 2025
Director Appointment

The activity Mohammad Mobin Abdul Mujeeb Shaikh was appointed as a Ceo was appointed as a Ceo on 02 Jul 2025 & has been associated with this company since 7 months 26 days . was completed.
02 Jul 2025
Balance Sheet

The activity Iiti Advanced Centre For Entrepreneurship (Ace) Foundation has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Gwalior. was completed.
31 Mar 2025
Director Appointment

Shubham Vijay Purey was appointed as a Cfo was appointed as a Cfo on 21 Sep 2024 & has been associated with this company since 1 year 5 months . was recorded as a recent event.
21 Sep 2024
Director Appointment

The activity Ramabadran Swaminathan was appointed as a CEO was appointed as a CEO on 26 Dec 2023 & has been associated with this company since 2 years 2 months . was completed.
26 Dec 2023
Director Appointment

The activity Suman Mukhopadhyay was appointed as a Director was appointed as a Director on 31 Jul 2023 & has been associated with this company since 2 years 6 months . was completed.
31 Jul 2023

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