MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-26-0231556
Iresearch Services Private Limited - travel and hospitality in Pune, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹67.25 Cr
▼ 6% YoY
Net loss · FY 2025
₹10.42 Cr
Net margin -15.5%
EBITDA · FY 2025
-₹9.68 Cr
EBITDA margin -14.4%
Authorised capital
₹16.5 Lakh
Registered with MCA
Paid-up capital
₹15 Lakh
Issued & subscribed
Satisfied charges
₹7.15 Cr
No open charges
Company age
18 yrs
Est. 2008
Employees · EPFO
284
Provident fund records
About Iresearch Services Private Limited
Data last updated:
Iresearch Services Private Limited is a private limited company based in Pune, Maharashtra, India. It operates in the consumer and professional services segment of the travel and hospitality sector. It was incorporated on 27 February 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U73200PN2008PTC131505. Its GSTIN is 27AABCI8463M1Z1 (Maharashtra).
The company has an authorised share capital of ₹16.5 Lakh and a paid-up capital of ₹15 Lakh. It was formerly known as Intellectual Research Services Private Limited. It is led by directors including Yogesh Narendra Shah (Managing Director) and Niraj Shishir Shirgaokar.
Its last annual general meeting (AGM) was held on 25 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Office No. 2 Level 4 B3 Cerebrum IT Park Kalyani Nagar Wadgaon Sheri, Pune, Maharashtra, India – 411014.
As per the financials filed for FY 2025, the company reported a revenue of ₹67.25 Cr, a decline of 6% compared to the previous year. For the same year it recorded a net loss of ₹10.42 Cr (net margin -15.5%) and EBITDA of -₹9.68 Cr (EBITDA margin -14.4%). Revenue has grown at a compounded annual rate (CAGR) of 9% over three years and 11% over five years.
The company has about 284 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.
The company is associated with 1 brand: iResearch Services. As per MCA filings, the company has satisfied charges of ₹7.15 Cr on record. The company has 5 deals on record (3 secondary share transfers, 2 funding rounds), with disclosed funding of ₹14 Lakh; the latest was in March 2019.
Iresearch Services Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-26-0231556). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website iresearchservices.com.
Company details
CIN U73200PN2008PTC131505
Registration Number 131505
Incorporation Date 27 February 2008
ROC Pune
Listing Status Unlisted
Company Status Active
Date of Last AGM 25 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-26-0231556
Key People
Yogesh Narendra Shah Managing Director Niraj Shishir Shirgaokar Director Rahul Johar Director Recognitions & Rankings of Iresearch Services
Contact details
Iresearch Services Private Limited's registered office is in Pune, Maharashtra. Its website is iresearchservices.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressOffice No. 2 Level 4 B3 Cerebrum IT Park Kalyani Nagar Wadgaon Sheri, Pune, Maharashtra, India – 411014
- IndustryTravel and Hospitality, Consumer Professional Services
To see the full contact details of Iresearch Services Private Limited, buy the company report.
Comprehensive company report
Iresearch 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
Iresearch Services operates one associated brand: iResearch Services. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| iResearch Services offers business and consumer research solutions. | iresearchservices.com |
Business activity
The main business activity of Iresearch Services is professional, scientific and technical. In detail, this covers advertising and market research.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M6 | Advertising and market research |
To see the full business activity and turnover split of Iresearch Services Private Limited, buy the company report.
Financials of Iresearch Services Private Limited
FY 2025 filings availableIresearch Services Private Limited reported revenue of ₹67.25 Cr (down 6% YoY) for FY 2025.
Revenue · FY 2025
₹67.25 Cr ▼ 6%
Net loss · FY 2025
₹10.42 Cr margin -15.5%
EBITDA · FY 2025
-₹9.68 Cr margin -14.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 6%
3 years · compounded
▼ 9%
5 years · compounded
▲ 11%
EBITDA CAGR growth
1 year
▲ 24%
3 years · compounded
▼ 34%
5 years · compounded
▼ 27%
Revenue fell 6% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 11%. EBITDA rose 24% 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 | -₹9.68 Cr | ||||
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| Net Profit (PAT) | -₹10.42 Cr | ||||
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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 | -14.4% | ||||
| Net Profit Margin | -15.5% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Iresearch Services Private Limited, buy the company report.
Board of directors of Iresearch Services Private Limited
Iresearch Services has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Niraj Shishir Shirgaokar Also directs: Giving for Good Foundation, Suresh Shirgaokar Enterprises LLP, Shishir Shirgaokar Enterprises LLP and 5 more | Director | 27 Feb 2008 | 18 Years 8 Months | Current |
| Rahul Johar Also directs: P J Chemicals and Investing Co Private Limited, Ultimate Care Products Private Limited, Johars Private Limited and 5 more | Director | 27 Feb 2008 | 18 Years 8 Months | Current |
| Yogesh Narendra Shah Also directs: Giving for Good Foundation | Managing Director | 03 Mar 2008 | 18 Years 7 Months | Current |
Auditor
Iresearch Services Private Limited is audited by RSMS & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RSMS & ASSOCIATES | FY 2023 | 0147907W |
Shareholding
The shareholding of Iresearch Services Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Iresearch Services Private Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹7.15 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Jan 2017 | 100073831 | Others | ₹7.15 Cr | Satisfied |
To see the full charge records of Iresearch Services Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Iresearch Services Private Limited has 5 deals on record (3 secondary share transfers, 2 funding rounds), with disclosed funding of ₹14 Lakh; the latest was in March 2019.
Total deals
5
Secondary share transfers
3
Funding rounds
2
Disclosed funding
₹14 Lakh
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: Vinayak Shirgaonkar Investments Private Limited, Sanjiv Shirgaonkar Investment Private Limited Seller: V. S. Shirgaokar Enterprises LLP , S.S.Shirgaokar Enterprises LLP |
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: S.S.Shirgaokar Enterprises LLP , V. S. Shirgaokar Enterprises LLP , S.B. Reshellers Private Limited Seller: Vinayak Shirgaonkar Investments Private Limited, Mohan Shirgaokar Investments Pvt Ltd , Sanjiv Shirgaonkar Investment Private Limited |
| Mar 2011 | Funding round | ₹7.5 Lakh | Investors: D.M Shirgaonkar Investments Private Limited, Vinayak Shirgaonkar Investments Private Limited, 2 individuals |
| Mar 2009 | Secondary share transfer | Undisclosed | Buyer: Sanjiv Shirgaonkar Investment Private Limited, D.M Shirgaonkar Investments Private Limited, Prafulla Shirgaokar Investments Private Limited Seller: an individual |
| Apr 2008 | Funding round | ₹6.5 Lakh | Investors: 3 individuals |
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 Iresearch 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 Iresearch Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Iresearch Services has 2 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
2
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Iresearch Services Limited (U.K.) | F06357 | |
| Giving for Good Foundation | U80904PN2019NPL183405 |
To see the full group structure of Iresearch Services Private Limited, buy the company report.
Employees & EPFO
Iresearch Services Private Limited has a workforce of 284 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
Employee count
284
Active EPFO establishments
1
Employee growth
-21.55%
GST
Iresearch Services has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCI8463M1Z1 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Iresearch Services Private Limited, buy the company report.
Recent activity
Iresearch Services Private Limited has 4 board changes on record since 2008: 3 appointments and 1 cessation. The latest: Yogesh Narendra Shah ceased to be Director on 06 Feb 2017.
AGM
Iresearch Services Private Limited last Annual general meeting of members was held on 25 Sep 2025 as per latest MCA records.
Filing
Iresearch Services Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Pune.
Charges
A charge registered on 18 Jan 2017 via Charge ID 100073831 with Others was fully satisfied on 25 May 2017.
Ceased
Yogesh Narendra Shah ceased to be Director.
Charges
A charge with Others amounted to Rs. 715.00 Lakh with Charge ID 100073831 was registered on 18 Jan 2017.
Appointed
Yogesh Narendra Shah was appointed as Managing Director.
Appointed
Niraj Shishir Shirgaokar was appointed as Director.
Appointed
Rahul Johar was appointed as Director.
Incorporation
27 Feb 2008
Iresearch Services Private Limited was registered on 27 Feb 2008 with Roc Pune & aged 18 years 8 months as per MCA records.
News
Frequently asked questions
Iresearch Services is an active private limited company based in Pune, Maharashtra, India. The company works in consumer professional services, within the travel and hospitality industry. It was incorporated on 27 February 2008 (18+ years old) and is registered under CIN U73200PN2008PTC131505.
Iresearch Services has 3 current directors:
- Yogesh Narendra Shah - Managing Director
- Niraj Shishir Shirgaokar - Director
- Rahul Johar - Director
The latest financial statements of Iresearch Services on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 25 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Iresearch Services is 27AABCI8463M1Z1, registered in Maharashtra.
The CIN (Corporate Identification Number) of Iresearch Services is U73200PN2008PTC131505. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Iresearch Services was incorporated on 27 February 2008, making it 18+ years old. It is registered with the Registrar of Companies, Pune.
Iresearch Services has 5 deals on record (3 secondary share transfers, 2 funding rounds), with disclosed funding of ₹14 Lakh; the latest was in March 2019.
Yogesh Narendra Shah ceased to be Director on 06 Feb 2017. Yogesh Narendra Shah was appointed as Managing Director on 03 Mar 2008. Niraj Shishir Shirgaokar was appointed as Director on 27 Feb 2008. Iresearch Services has 4 board changes on record in total.
Yes, Iresearch Services is registered as a small enterprise under Udyam registration (number: UDYAM-MH-26-0231556).
Iresearch Services can be reached through the website iresearchservices.com. Its registered office is in Pune, Maharashtra, India.
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