- #872 Varinder Gupta & family ₹3,400 Cr

Iol-Foundation
About Iol-Foundation
Data last updated:
Iol-Foundation is a public not for profit company based in Ludhiana, Punjab, India. It operates in the social services and community development segment of the non-profit sector. It was incorporated on 15 March 2022.
Its director Varinder Gupta and family are #872 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U85300PB2022NPL055428.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors including Vikas Gupta and Varinder Gupta.
Its last annual general meeting (AGM) was held on 12 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 85 Industrial Area – A, Ludhiana, Punjab, India – 141003.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.56 Cr, a decline of 83% compared to the previous year. For the same year it recorded a net profit of ₹8.92 Lakh (net margin 5.7%) and EBITDA of ₹15.65 Lakh (EBITDA margin 10%).
Recognitions & Rankings of Iol-Foundation
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered Address85 Industrial Area – A, Ludhiana, Punjab, India – 141003
- IndustryNon-Profit Organizations, Social Work
- 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
- One PDF report, delivered after checkout
Financials of Iol-Foundation FY 2025 filings available
Iol-Foundation reported revenue of ₹1.56 Cr (down 83% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Iol-Foundation
Revenue fell 83% in the latest year. EBITDA rose 117% in the latest year. All are worked out from the filed statements.
Financial Statement Summary of Iol-Foundation
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• |
| EBITDA | ₹15.65 Lakh | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹8.92 Lakh | •••• | •••• | •••• |
| Balance Sheet | ||||
| Share Capital | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• |
Financial Ratios of Iol-Foundation
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 10% | •••• | •••• | •••• |
| Net Profit Margin | 5.7% | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• |
| Liquidity and Debt | ||||
| Current Ratio | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• |
| Efficiency and Growth | ||||
| Asset Turnover | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Iol-Foundation are in the company report.
Financial statements from FY 2022
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of Iol-Foundation
Iol-Foundation has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vikas Gupta Also directs: Iol Chemicals and Pharmaceuticals Limited, Iol Speciality Chemicals Limited, Mayadevi Polycot Limited and 1 more | Director | 15 Mar 2022 | 4 Years 7 Months | Current |
| Varinder Gupta Also directs: Iol Chemicals and Pharmaceuticals Limited, Iol Speciality Chemicals Limited, Mayadevi Polycot Limited and 1 more | Director | 15 Mar 2022 | 4 Years 7 Months | Current |
| Abhiraj Gupta | Director | 15 Mar 2022 | 4 Years 7 Months | Current |
Charges & Borrowings of Iol-Foundation
Iol-Foundation does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Iol-Foundation
Employment history and EPFO contributions of people linked to Iol-Foundation.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Iol-Foundation
Iol-Foundation has 4 board changes on record since 2022: 3 appointments and 1 cessation. The latest: Sandhya Mehta ceased to be Additional Director on 27 Mar 2023.
Credit Ratings, Litigation & Regulatory Alerts for Iol-Foundation
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Iol-Foundation
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Iol-Foundation
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Iol-Foundation
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Iol-Foundation
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Iol-Foundation
Iol-Foundation is an active public not for profit company based in Ludhiana, Punjab, India. The company works in social work, within the non-profit organizations industry. It was incorporated on 15 March 2022 (4+ years old) and is registered under CIN U85300PB2022NPL055428.
Iol-Foundation reported revenue of ₹1.56 Cr for FY 2025 (down 83% YoY).
Iol-Foundation has 3 current directors:
- Vikas Gupta - Director
- Varinder Gupta - Director
- Abhiraj Gupta - Director
Iol-Foundation reported a net profit of ₹8.92 Lakh (net margin 5.7%) and EBITDA of ₹15.65 Lakh (EBITDA margin 10%) for FY 2025, as per its filed financial statements.
The CIN (Corporate Identification Number) of Iol-Foundation is U85300PB2022NPL055428. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Iol-Foundation was incorporated on 15 March 2022, making it 4+ years old. It is registered with the Registrar of Companies, Chandigarh.
Sandhya Mehta ceased to be Additional Director on 27 Mar 2023. Abhiraj Gupta was appointed as Director on 15 Mar 2022. Varinder Gupta was appointed as Director on 15 Mar 2022. Iol-Foundation has 4 board changes on record in total.
The registered office of Iol-Foundation is at 85 Industrial Area – A, Ludhiana, Punjab, India – 141003.
Iol-Foundation has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh.
Iol-Foundation operates in the non-profit organizations industry, in the social work segment.