Startup India Government of India
Incorp Advisory Services Private Limited - business outsourcing in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹60.28 Cr
▲ 7% YoY
Net loss · FY 2025
₹8.15 Cr
Net margin -13.5%
EBITDA · FY 2025
₹3.03 Cr
EBITDA margin 5%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹4.36 Lakh
Issued & subscribed
Company age
7 yrs
Est. 2019
Employees · EPFO
83
Provident fund records
Directors on board
5
As per MCA filings
About Incorp Advisory Services Private Limited
Data last updated:
Incorp Advisory Services Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Incorp Global Pte. Ltd., Singapore and recognised as a startup by DPIIT. It operates in the accounting and financial analysis segment of the business process outsourcing sector. It was incorporated on 05 July 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74140MH2019PTC327652. Its GSTIN is 27AAFCI3309E1ZV (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹4.36 Lakh. It is led by directors including Unnati Mansukh Thakker and Ooi Siew Linn.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 8 Floor – 2 Plot – 92 Geeta Bhavan Laxmibai Kelkar Marg Cine Planet Sion(E), Mumbai, Maharashtra, India – 400022.
As per the financials filed for FY 2025, the company reported a revenue of ₹60.28 Cr, a growth of 7% compared to the previous year. For the same year it recorded a net loss of ₹8.15 Cr (net margin -13.5%) and EBITDA of ₹3.03 Cr (EBITDA margin 5%). Revenue has grown at a compounded annual rate (CAGR) of 21% over three years and 26% over five years.
The company has about 83 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: InCorp Global. Court records list 1 case involving the company, including 1 filed against it; 1 case is pending. The company has 12 deals on record (6 funding rounds, 3 secondary share transfers, 2 convertible or debt financings), with disclosed funding of ₹189.45 Cr; the latest was in January 2026. The company has 1 MSME Form 1 return on record for the period ending Mar 2023, listing 1 overdue payment to 1 micro and small supplier.
Incorp Advisory Services Private Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-MH-19-0168505). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website incorp.asia.
Company details
CIN U74140MH2019PTC327652
Registration Number 327652
Incorporation Date 05 July 2019
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Parent Company Incorp Global Pte. Ltd., Singapore
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification MSME
Udyam Registration UDYAM-MH-19-0168505
Recognitions & Rankings of Incorp Advisory Services
MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-MH-19-0168505
Contact details
Incorp Advisory Services Private Limited's registered office is in Mumbai, Maharashtra. Its website is incorp.asia. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address8 Floor – 2 Plot – 92 Geeta Bhavan Laxmibai Kelkar Marg Cine Planet Sion(E), Mumbai, Maharashtra, India – 400022
- IndustryBusiness Outsourcing, Accounting and Financial Analysis, Legal Process Outsourcing
To see the full contact details of Incorp Advisory Services Private Limited, buy the company report.
Comprehensive company report
Incorp Advisory Services Private Limited - 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
Incorp Advisory Services operates one associated brand: InCorp Global. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Accounting and tax-related services are provided in Singapore. | incorp.asia |
Business activity
The main business activity of Incorp Advisory Services is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Incorp Advisory Services Private Limited, buy the company report.
Financials of Incorp Advisory Services Private Limited
FY 2024 filings availableIncorp Advisory Services Private Limited reported revenue of ₹60.28 Cr (up 7% YoY) for FY 2025.
Revenue · FY 2025
₹60.28 Cr ▲ 7%
Net loss · FY 2025
₹8.15 Cr margin -13.5%
EBITDA · FY 2025
₹3.03 Cr margin 5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 7%
3 years · compounded
▲ 21%
5 years · compounded
▲ 26%
EBITDA CAGR growth
1 year
▼ 44%
3 years · compounded
▼ 33%
5 years · compounded
▼ 25%
Revenue has grown at a compounded annual rate (CAGR) of 26% over five years, including 7% growth in the latest year. EBITDA fell 44% 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 | ₹3.03 Cr | ||||
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| Net Profit (PAT) | -₹8.15 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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| Profitability | |||||
| EBITDA Margin | 5% | ||||
| Net Profit Margin | -13.5% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Incorp Advisory Services Private Limited, buy the company report.
Board of directors and KMP of Incorp Advisory Services Private Limited
Incorp Advisory Services Private Limited currently reports 4 directors and 1 key managerial person. 7 former directors have served the organization.
Current Directors and KMP
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Unnati Mansukh Thakker | Director | 23 Feb 2024 | 2 Years 8 Months | Current |
| Ooi Siew Linn | Director | 03 Apr 2024 | 2 Years 6 Months | Current |
| Manish Mahendra Modi Also directs: Ami Realty Developers LLP, Synthesis Knowledge Resources LLP, In.Corp Corporate Services LLP and 5 more | Ceo | 12 Oct 2022 | 4 Years 0 Months | Current |
| Tan Khoon Guan | Additional Director | 28 Apr 2025 | 1 Years 5 Months | Current |
| Tak Kwan Judy Wong | Additional Director | 30 Jul 2025 | 1 Years 2 Months | Current |
Auditor
Incorp Advisory Services Private Limited is audited by MS. KKC & ASSOCIATES LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MS. KKC & ASSOCIATES LLP | FY 2023 | 105146W/W100621 |
Shareholding
The shareholding of Incorp Advisory Services Private Limited is on record for 3 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2021 | FY 2020 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Incorp Advisory Services Private Limited, buy the company report.
Deals & funding
Incorp Advisory Services Private Limited has 12 deals on record (6 funding rounds, 3 secondary share transfers, 2 convertible or debt financings), with disclosed funding of ₹189.45 Cr; the latest was in January 2026.
Total deals
12
Funding rounds
6
Secondary share transfers
3
Convertible or debt financings
2
Debt financing
1
Disclosed funding
₹189.45 Cr
Deals on record (5 of 12)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2023 | Funding round | ₹4.53 Cr | Investors: Raffles Capital Service, 2 individuals |
| Jun 2023 | Funding round | ₹25.49 Cr | Investors: In.corp Global Pte. Ltd., 3 individuals |
| Mar 2023 | Secondary share transfer | Undisclosed | Buyer: Raffles Capital Service, an individual Seller: 2 individuals |
| Nov 2021 | Funding round | ₹40 Cr | Investors: In.corp Global Pte. Ltd., 3 individuals |
| Mar 2021 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
To see the full deal history of Incorp Advisory Services Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Incorp Advisory Services Private Limited has 1 court case on record: 1 filed against it. All case is pending.
Total cases
1
Filed against the company
1
Pending
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 1 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Tax appeal | Filed against the company by Principal Commissioner of Income Tax 6 | Pending |
To see the full case history of Incorp Advisory Services Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
Incorp Advisory Services Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2023, listing 1 overdue payment to 1 micro and small supplier. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| VKMG & Associates LLP |
To see the full MSME payment records of Incorp Advisory Services Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Incorp Advisory Services has 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
1
Associated companies
Employees & EPFO
Incorp Advisory Services Private Limited has a workforce of 83 employees on its EPFO records as of Apr 02, 2024, across 2 active EPFO establishments.
Employee count
83
Active EPFO establishments
2
Employee growth
29.69%
GST
Incorp Advisory Services has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCI3309E1ZV | Maharashtra | Active | 29 Jul 2019 |
| 29AAFCI3309E1ZR | Karnataka | Active | 29 Jan 2021 |
To see the full GST registrations and return filing status of Incorp Advisory Services Private Limited, buy the company report.
Recent activity
Incorp Advisory Services Private Limited has 14 board changes on record since 2019: 7 appointments and 7 cessations. The latest: Tak Kwan Judy Wong was appointed as Additional Director on 30 Jul 2025.
Appointed
Tak Kwan Judy Wong was appointed as Additional Director.
Appointed
Tan Khoon Guan was appointed as Additional Director.
Ceased
Chin Heng Lam Eric ceased to be Additional Director.
AGM
Incorp Advisory Services Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Ceased
Manish Asani ceased to be Additional Director.
Ceased
Ooi Siew Linn ceased to be Additional Director.
Ceased
Unnati Mansukh Thakker ceased to be Additional Director.
Appointed
Chin Heng Lam Eric was appointed as Additional Director.
Appointed
Manish Asani was appointed as Director.
Appointed
Ooi Siew Linn was appointed as Director.
Filing
Incorp Advisory Services Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Appointed
Unnati Mansukh Thakker was appointed as Director.
5 earlier events are in the company report.
News
Frequently asked questions
Incorp Advisory Services is an active private limited company based in Mumbai, Maharashtra, India. The company works in accounting and financial analysis, within the business outsourcing industry. It was incorporated on 05 July 2019 (7+ years old) and is registered under CIN U74140MH2019PTC327652.
Incorp Advisory Services has 5 current directors and KMP:
- Unnati Mansukh Thakker - Director
- Ooi Siew Linn - Director
- Tan Khoon Guan - Additional Director
- Tak Kwan Judy Wong - Additional Director
- Manish Mahendra Modi - Ceo
The latest financial statements of Incorp Advisory Services on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2020 are in the company report.
The GSTIN of Incorp Advisory Services is 27AAFCI3309E1ZV, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 29AAFCI3309E1ZR (Karnataka).
The CIN (Corporate Identification Number) of Incorp Advisory Services is U74140MH2019PTC327652. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Incorp Advisory Services has 1 court case on record: 1 filed against it. 1 is pending.
Incorp Advisory Services was incorporated on 05 July 2019, making it 7+ years old. It is registered with the Registrar of Companies, Mumbai.
Incorp Advisory Services has 12 deals on record (6 funding rounds, 3 secondary share transfers, 2 convertible or debt financings), with disclosed funding of ₹189.45 Cr; the latest was in January 2026.
Tak Kwan Judy Wong was appointed as Additional Director on 30 Jul 2025. Tan Khoon Guan was appointed as Additional Director on 28 Apr 2025. Chin Heng Lam Eric ceased to be Additional Director on 07 Jan 2025. Incorp Advisory Services has 14 board changes on record in total.
Yes, Incorp Advisory Services is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Incorp Advisory Services is registered as an MSME under Udyam registration (number: UDYAM-MH-19-0168505).