Incred Research Services Private Limited - Company Profile

It is a financial services private limited company based in Bandra, Maharashtra, India, established in 2016.

2016 Bandra, Maharashtra, India Active

Last Updated: December 30, 2025

About Incred Research Services Private Limited

Incred Research Services Private Limited, a active private limited company, was established on 09 November 2016 in Bandra, Maharashtra, India. Engaging in brokerage & trading services within the financial and insurance service sector, it holds CIN: U74999MH2016PTC287535. Registered under ROC Roc Mumbai. it is unlisted. It has an authorized capital of ₹19.00 Cr and a paid-up capital of ₹18.26 Cr.

Formerly known as Earnest Innovation Partners Private Limited. It upholds a compliant status. Employing 29 professional, Its leadership includes Nitin Subramanya Rao (Director), Prateek Indwar (Director). Past directors included Nitin Subramanya Rao, Niraj Nabh Kumar, Arun Ananda Sawant. Its latest AGM occurred on 30 September 2025, with the balance sheet filed on 31 March 2025. It is based at Unit No. 1203, 12Th Floor, B Wing, The Capital, Plot No. C - 70,, G Block, Bandra - Kurla Complex, Bandra East, Mumbai, Bandra, Maharashtra, 400051.

Company Details

CIN/LLPIN
U74999MH2016PTC287535
Registration Number
287535
Incorporation Date
09 November 2016
Authorized Capital
₹19.00 Cr
Paid-Up Capital
₹18.26 Cr
ROC Code
Roc Mumbai
Listing Status
Unlisted
Company Status
Active

Key Metrics

Authorised Capital ₹ 19.00 Cr as on 30-12-2025
Paid Up Capital ₹ 18.26 Cr as on 30-12-2025
Company Age 9 Year, 3 Months
Last Filing with ROC 31 Mar 2025
Revenue Growth **** 528.88% (FY 2023)
Profit Growth **** 224.65% (FY 2023)
Ebitda **** 23.79% (FY 2023)
Net Worth 178.83% (FY 2023)
Total Assets **** 128.52% (FY 2023)

Comprehensive Company Insights

Explore comprehensive insights into Incred Research Services Private Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Incred Research Services Private Limited?

Current Directors

Name	Designation	Appointment Date	Status
Nitin Subramanya Rao	Director	23 Dec 2020	Current
Prateek Indwar	Director	28 Dec 2023	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Additional Director	08 Nov 2021	Past
Pramod Abcsdd	Director	23 Dec 2020	Past
Pramod Abcsdd	Director	06 Jul 2020	Past
Pramod Abcsdd	Additional Director	29 Sep 2024	Past
Pramod Abcsdd	Director	10 Sep 2019	Past
Pramod Abcsdd	Additional Director	08 Nov 2021	Past

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Financial Performance of Incred Research Services.

Incred Research Services Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 528.88% increase. The company also saw a substantial improvement in profitability, with a 224.65% increase in profit. The company's net worth Soared by an impressive increase of 178.83%.

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

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

********

528.88%

*******

Revenue from Operations

*******

40.20%

*******

Total Assets

*******

128.52%

*******

Profit or Loss

*******

224.65%

*******

Net Worth

*******

178.83%

*******

EBITDA

*******

23.79%

*******

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What is the Ownership and Shareholding Structure of Incred Research Services?

In 2023, Incred Research Services had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

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 Incred Research Services?

Incred Research Services has a workforce of 29 employees as of Apr 06, 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

Gain comprehensive insights into the Deals and Valuation data of Incred Research Services, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Incred Research Services's trajectory.

Rating

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Alerts

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Incred Research Services

Recent Activity within the Organization

Director Appointment

Progress on Krusha Yogesh Patel was appointed as a Company Secretary was appointed as a Company Secretary on 18 Dec 2025 & has been associated with this company since 1 month 26 days . was documented.
18 Dec 2025
Annual General Meeting

Progress on Incred Research Services Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records. was documented.
30 Sep 2025
Balance Sheet

Incred Research Services Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai. was recorded as a recent event.
31 Mar 2025
Director Appointment

Prateek Indwar was appointed as a Director was appointed as a Director on 28 Dec 2023 & has been associated with this company since 2 years 1 month . was recorded as a recent event.
28 Dec 2023
Director Appointment

Progress on Nitin Subramanya Rao was appointed as a Director was appointed as a Director on 23 Dec 2020 & has been associated with this company since 5 years 1 month . was documented.
23 Dec 2020
Company Incorporation

Progress on Incred Research Services Private Limited was registered on 09 Nov 2016 with Roc Mumbai & aged 9 years 3 months as per MCA records. was documented.
09 Nov 2016

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