About Ingovern Research Services Private Limited
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Ingovern Research Services Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the accounting and financial analysis segment of the business process outsourcing sector. It was incorporated on 14 October 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U73100KA2010PTC055488. Its GSTIN is 29AACCI4325F1ZQ (Karnataka).
The company has an authorised share capital of ₹7 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors Usha Narayanan and Shriram Subramanian.
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 B604 Meenakshi Classic 27th Main Road Hsr Layout Sector 1, Bangalore, Karnataka, India – 560102.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.14 Cr, a decline of 34% compared to the previous year. For the same year it recorded a net profit of ₹12.56 Lakh (net margin 11.1%) and EBITDA of ₹17.02 Lakh (EBITDA margin 15%). Revenue has grown at a compounded annual rate (CAGR) of 24% over three years and 12% over five years.
The company is associated with 1 brand: InGovern. The company has 1 deal on record (1 funding round), with disclosed funding of ₹25.6 Lakh; the latest was in March 2012.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ingovern.com.
Company details
Contact details
Ingovern Research Services Private Limited's registered office is in Bangalore, Karnataka. Its website is ingovern.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressB604 Meenakshi Classic 27th Main Road Hsr Layout Sector 1, Bangalore, Karnataka, India – 560102
- IndustryBusiness Outsourcing, Accounting and Financial Analysis
To see the full contact details of Ingovern Research Services Private Limited, buy the company report.
- 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
Brands
Ingovern Research Services operates one associated brand: InGovern. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Corporate governance research and proxy advisory services. | ingovern.com |
Business activity
The main business activity of Ingovern Research 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 Ingovern Research Services Private Limited, buy the company report.
Financials of Ingovern Research Services Private Limited
FY 2025 filings availableIngovern Research Services Private Limited reported revenue of ₹1.14 Cr (down 34% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 34% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 12%. EBITDA fell 73% 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 | ₹17.02 Lakh | ||||
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| Net Profit (PAT) | ₹12.56 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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| EBITDA Margin | 15% | ||||
| Net Profit Margin | 11.1% | ||||
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To see the full financial statements and ratios of Ingovern Research Services Private Limited, buy the company report.
Board of directors of Ingovern Research Services Private Limited
Ingovern Research Services has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Usha Narayanan Also directs: Vedmath Academy Private Limited | Director | 14 Oct 2010 | 16 Years 0 Months | Current |
| Shriram Subramanian | Director | 14 Oct 2010 | 16 Years 0 Months | Current |
Auditor
Ingovern Research Services Private Limited is audited by R Bhave Shreenivasa & Associates for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R Bhave Shreenivasa & Associates | FY 2017 | 223612 |
Shareholding
The shareholding of Ingovern Research Services Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Ingovern Research Services Private Limited, buy the company report.
Deals & funding
Ingovern Research Services Private Limited has 1 deal on record (1 funding round), with disclosed funding of ₹25.6 Lakh; the latest was in March 2012.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2012 | Funding round | ₹25.6 Lakh | Investors: an individual |
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 Ingovern Research Services 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 Ingovern Research Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Ingovern Research Services has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCI4325F1ZQ | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ingovern Research Services Private Limited, buy the company report.
Recent activity
Ingovern Research Services Private Limited has 2 board changes on record since 2010: 2 appointments. The latest: Shriram Subramanian was appointed as Director on 14 Oct 2010.
News
Frequently asked questions
Ingovern Research Services is an active private limited company based in Bangalore, Karnataka, India. The company works in accounting and financial analysis, within the business outsourcing industry. It was incorporated on 14 October 2010 (16+ years old) and is registered under CIN U73100KA2010PTC055488.
Ingovern Research Services has 2 current directors:
- Usha Narayanan - Director
- Shriram Subramanian - Director
The latest financial statements of Ingovern Research Services 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 2015 are in the company report.
The GSTIN of Ingovern Research Services is 29AACCI4325F1ZQ, registered in Karnataka.
The CIN (Corporate Identification Number) of Ingovern Research Services is U73100KA2010PTC055488. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ingovern Research Services was incorporated on 14 October 2010, making it 16+ years old. It is registered with the Registrar of Companies, Bangalore.
Ingovern Research Services has 1 deal on record (1 funding round), with disclosed funding of ₹25.6 Lakh; the latest was in March 2012.
Shriram Subramanian was appointed as Director on 14 Oct 2010. Usha Narayanan was appointed as Director on 14 Oct 2010.
Ingovern Research Services can be reached through the website ingovern.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Ingovern Research Services is at B604 Meenakshi Classic 27th Main Road Hsr Layout Sector 1, Bangalore, Karnataka, India – 560102.