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Increminds Private Limited - e-commerce in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹8.12 Cr
▲ 45% YoY
Net profit · FY 2025
₹72.79 Lakh
Net margin 9%
EBITDA · FY 2025
₹86.13 Lakh
EBITDA margin 10.6%
Authorised capital
₹15 Lakh
Registered with MCA
Paid-up capital
₹11.11 Lakh
Issued & subscribed
Open charges
₹21 Lakh
Secured borrowings
Company age
9 yrs
Est. 2017
Employees · EPFO
17
Provident fund records
About Increminds Private Limited
Data last updated:
Increminds Private Limited is a private limited company based in Bangalore, Karnataka, India, recognised as a startup by DPIIT. It operates in the online automotive platforms segment of the e-commerce sector. It was incorporated on 26 May 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2017PTC103363. Its GSTIN is 29AAECI5130N1ZA (Karnataka).
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹11.11 Lakh. It is led by directors including Rohit Bhatnagar and Shubhra Srivastava.
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 # 565 17th Cross 2nd Stage Indira Nagar, Bangalore, Karnataka, India – 560038.
As per the financials filed for FY 2025, the company reported a revenue of ₹8.12 Cr, a growth of 45% compared to the previous year. For the same year it recorded a net profit of ₹72.79 Lakh (net margin 9%) and EBITDA of ₹86.13 Lakh (EBITDA margin 10.6%). Revenue has grown at a compounded annual rate (CAGR) of 45% over three years and 60% over five years.
The company has about 17 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: GaragePlug. As per MCA filings, the company has open charges of ₹21 Lakh on record. The company has 4 deals on record (2 secondary share transfers, 1 rights issue, 1 convertible or debt financing), with disclosed funding of ₹25.8 Lakh; the latest was in November 2019.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website garageplug.com.
Company details
CIN U72900KA2017PTC103363
Registration Number 103363
Incorporation Date 26 May 2017
ROC Bangalore
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
Recognitions & Rankings of Increminds
Contact details
Increminds Private Limited's registered office is in Bangalore, Karnataka. Its website is garageplug.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address# 565 17th Cross 2nd Stage Indira Nagar, Bangalore, Karnataka, India – 560038
- IndustryE-Commerce, Online Automotive Platforms
To see the full contact details of Increminds Private Limited, buy the company report.
Comprehensive company report
Increminds 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
Increminds operates one associated brand: GaragePlug. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| SaaS-based garage management system is offered for auto workshops. | garageplug.com |
Business activity
The main business activity of Increminds is information and communication. In detail, this covers other information & communication service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Increminds Private Limited, buy the company report.
Financials of Increminds Private Limited
FY 2025 filings availableIncreminds Private Limited reported revenue of ₹8.12 Cr (up 45% YoY) for FY 2025.
Revenue · FY 2025
₹8.12 Cr ▲ 45%
Net profit · FY 2025
₹72.79 Lakh margin 9%
EBITDA · FY 2025
₹86.13 Lakh margin 10.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 45%
3 years · compounded
▲ 45%
5 years · compounded
▲ 60%
EBITDA CAGR growth
1 year
▲ 58%
3 years · compounded
▲ 195%
5 years · compounded
▲ 73%
Revenue has grown at a compounded annual rate (CAGR) of 60% over five years, including 45% growth in the latest year. EBITDA rose 58% 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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| Total Expenses | |||||
| EBITDA | ₹86.13 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹72.79 Lakh | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 10.6% | ||||
| Net Profit Margin | 9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Increminds Private Limited, buy the company report.
Board of directors of Increminds Private Limited
Increminds has 3 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rohit Bhatnagar | Director | 26 May 2017 | 9 Years 5 Months | Current |
| Shubhra Srivastava Also directs: Increchild Edunet Private Limited | Director | 25 Oct 2018 | 8 Years 0 Months | Current |
| Ashish Kumar Shrivastav Also directs: Increchild Edunet Private Limited | Director | 26 May 2017 | 9 Years 5 Months | Current |
Auditor
Increminds Private Limited is audited by R.K. Patnia & Co. for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R.K. Patnia & Co. | FY 2022 | 002158C |
Shareholding
The shareholding of Increminds Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Increminds Private Limited, buy the company report.
Charges & borrowings
Open charges
₹21 Lakh
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 May 2025 | 101152961 | Hdfc Bank Limited | ₹21 Lakh | Open |
Total charge records: 1 View all charges
Deals & funding
Increminds Private Limited has 4 deals on record (2 secondary share transfers, 1 rights issue, 1 convertible or debt financing), with disclosed funding of ₹25.8 Lakh; the latest was in November 2019.
Total deals
4
Secondary share transfers
2
Rights issue
1
Convertible or debt financing
1
Disclosed funding
₹25.8 Lakh
Deals on record (3 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2019 | Secondary share transfer | Undisclosed | Buyer: Upekkha Seller: 3 individuals |
| Nov 2019 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 2 individuals |
| Jun 2018 | Rights issue | ₹27 Lakh | Investors: an individual |
To see the full deal history of Increminds 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
No court or tribunal cases involving Increminds Private Limited 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 Increminds Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Increminds Private Limited has a workforce of 17 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Employee count
17
Active EPFO establishments
1
Employee growth
13.3%
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 17 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 |
To see the full employee and EPFO history of Increminds Private Limited, buy the company report.
GST
Increminds has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAECI5130N1ZA | Karnataka | Active | 02 Sep 2017 |
To see the full GST registrations and return filing status of Increminds Private Limited, buy the company report.
Recent activity
Increminds Private Limited has 3 board changes on record since 2017: 3 appointments. The latest: Shubhra Srivastava was appointed as Director on 25 Oct 2018.
AGM
Increminds Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 21.00 Lakh with Charge ID 101152961 was registered on 30 May 2025.
Filing
Increminds Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Appointed
Shubhra Srivastava was appointed as Director.
Appointed
Ashish Kumar Shrivastav was appointed as Director.
Appointed
Rohit Bhatnagar was appointed as Director.
Incorporation
26 May 2017
Increminds Private Limited was registered on 26 May 2017 with Roc Bangalore & aged 9 years 5 months as per MCA records.
Frequently asked questions
Increminds is an active private limited company based in Bangalore, Karnataka, India. The company works in online automotive platforms, within the e-commerce industry. It was incorporated on 26 May 2017 (9+ years old) and is registered under CIN U72900KA2017PTC103363.
Increminds has 3 current directors:
- Rohit Bhatnagar - Director
- Shubhra Srivastava - Director
- Ashish Kumar Shrivastav - Director
The latest financial statements of Increminds 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 2018 are in the company report.
The GSTIN of Increminds is 29AAECI5130N1ZA, registered in Karnataka.
The CIN (Corporate Identification Number) of Increminds is U72900KA2017PTC103363. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Increminds was incorporated on 26 May 2017, making it 9+ years old. It is registered with the Registrar of Companies, Bangalore.
Increminds has 4 deals on record (2 secondary share transfers, 1 rights issue, 1 convertible or debt financing), with disclosed funding of ₹25.8 Lakh; the latest was in November 2019.
Shubhra Srivastava was appointed as Director on 25 Oct 2018. Ashish Kumar Shrivastav was appointed as Director on 26 May 2017. Rohit Bhatnagar was appointed as Director on 26 May 2017.
Yes, Increminds is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Increminds can be reached through the website garageplug.com. Its registered office is in Bangalore, Karnataka, India.
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