About Kiit Technology Business Incubator
Data last updated:
Kiit Technology Business Incubator is a private not for profit company based in Bhubaneswar, Odisha, India. It operates in the technical services segment of the professional services sector. It was incorporated on 13 October 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Cuttack, under CIN U80302OR2009NPL011211. Its GSTIN is 21AAECK0052D1ZE (Odisha).
The company has a paid-up capital of ₹2.19 Cr. It is led by directors including Saranjit Singh and Mrutyunjay Suar.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Kiit School Of Biotechnology At/Po – Patia Kiit, Bhubaneswar, Odisha, India – 751024.
As per the financials filed for FY 2025, the company reported a revenue of ₹21.57 Cr, a decline of 35% compared to the previous year. For the same year it recorded a net profit of ₹10.2 Lakh (net margin 0.5%) and EBITDA of ₹1.93 Cr (EBITDA margin 9%). Revenue has grown at a compounded annual rate (CAGR) of 10% over three years and 1% over five years.
The company has about 10 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: KIIT Technology Business Incubator and KIIT TBI BioIncubator.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website kiitincubator.in.
Company details
Contact details
Kiit Technology Business Incubator's registered office is in Bhubaneswar, Odisha. Its website is kiitincubator.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressKiit School Of Biotechnology At/Po – Patia Kiit, Bhubaneswar, Odisha, India – 751024
- IndustryProfessional Services, Technical, Personal, Scientific
To see the full contact details of Kiit Technology Business Incubator, 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
Kiit Technology Business Incubator operates two associated brands: KIIT Technology Business Incubator and KIIT TBI BioIncubator. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Startups incubator by KIIT University | kiitincubator.in | |
| University backed startup incubator focused on the BioTech sector | kiitbioincubator.com |
Business activity
The main business activity of Kiit Technology Business Incubator 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 Kiit Technology Business Incubator, buy the company report.
Financials of Kiit Technology Business Incubator
FY 2024 filings availableKiit Technology Business Incubator reported revenue of ₹21.57 Cr (down 35% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 35% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 1%. EBITDA fell 63% 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 |
|---|---|---|---|---|---|
| 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 | ₹1.93 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹10.2 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 9% | ||||
| Net Profit Margin | 0.5% | ||||
| 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 | |||||
To see the full financial statements and ratios of Kiit Technology Business Incubator, buy the company report.
Board of directors of Kiit Technology Business Incubator
Kiit Technology Business Incubator has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Saranjit Singh Also directs: Katallyst Consortium Private Limited, Glosity Technologies Private Limited, Kiitnest Incubation Forum and 1 more | Director | 30 Sep 2023 | 3 Years 0 Months | Current |
| Mrutyunjay Suar | Director | 13 Oct 2009 | 17 Years 0 Months | Current |
| Dharmendra Narayan Dwivedy | Director | 13 Oct 2009 | 17 Years 0 Months | Current |
Peer comparison
Kiit Technology Business Incubator is compared with the 7 companies closest to it by revenue in the same principal business activity (other professional, scientific and technical activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Arkaaya Events & Experiences Private Limited | ₹21.69 Cr (FY 2025) | -14.0% | Bangalore, Karnataka, India | |||
| Rushail Pharmadin Private Limited | ₹21.65 Cr (FY 2025) | 15.0% | Mumbai, Maharashtra, India | |||
| Aqua-Air Environmental Engineers Private Limited | ₹21.63 Cr (FY 2024) | -17.0% | Surat, Gujarat, India | |||
| Kiit Technology Business Incubatorthis company | ₹21.57 Cr (FY 2025) | ₹10.2 Lakh | 0.5% | -35.0% | 10 | Bhubaneswar, Odisha, India |
| Iotium Systems Private Limited | ₹21.55 Cr (FY 2024) | 23.0% | Chennai, Tamil Nadu, India | |||
| Qubix Facilities Management Services Private Limited | ₹21.49 Cr (FY 2020) | 12.0% | New Delhi, Delhi, India | |||
| Speedtek Engineers Private Limited | ₹21.49 Cr (FY 2025) | 23.0% | Mumbai, Maharashtra, India | |||
| Group A Logistics India Private Limited | ₹21.48 Cr (FY 2024) | New Delhi, Delhi, India |
To see the full peer comparison of Kiit Technology Business Incubator, buy the company report.
Auditor
Kiit Technology Business Incubator is audited by JENA & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| JENA & CO. | FY 2023 | 322563E |
Shareholding
The shareholding of Kiit Technology Business Incubator is on record for 5 financial years, the latest being FY 2020, split between promoters, domestic institutions and public shareholders.
| Shareholder category | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public |
To see the full shareholding pattern of Kiit Technology Business Incubator, buy the company report.
Legal cases
No court or tribunal cases involving Kiit Technology Business Incubator 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 Kiit Technology Business Incubator; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Kiit Technology Business Incubator has a workforce of 10 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Kiit Technology Business Incubator has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 21AAECK0052D1ZE | Odisha | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Kiit Technology Business Incubator, buy the company report.
Recent activity
Kiit Technology Business Incubator has 6 board changes on record since 2009: 3 appointments and 3 cessations. The latest: Sasmita Rani Samanta ceased to be Director on 22 Nov 2023.
Frequently asked questions
Kiit Technology Business Incubator is an active private not for profit company based in Bhubaneswar, Odisha, India. The company works in technical, within the professional services industry. It was incorporated on 13 October 2009 (17+ years old) and is registered under CIN U80302OR2009NPL011211.
Kiit Technology Business Incubator has 3 current directors:
- Saranjit Singh - Director
- Mrutyunjay Suar - Director
- Dharmendra Narayan Dwivedy - Director
The latest financial statements of Kiit Technology Business Incubator on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Kiit Technology Business Incubator is 21AAECK0052D1ZE, registered in Odisha.
The CIN (Corporate Identification Number) of Kiit Technology Business Incubator is U80302OR2009NPL011211. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Kiit Technology Business Incubator was incorporated on 13 October 2009, making it 17+ years old. It is registered with the Registrar of Companies, Cuttack.
The peers of Kiit Technology Business Incubator by revenue are Arkaaya Events & Experiences Private Limited, Rushail Pharmadin Private Limited, Aqua-Air Environmental Engineers Private Limited, Iotium Systems Private Limited, Qubix Facilities Management Services Private Limited and 2 more, all in the same principal business activity (other professional, scientific and technical activities).
Sasmita Rani Samanta ceased to be Director on 22 Nov 2023. Saranjit Singh was appointed as Director on 30 Sep 2023. Arindam Dutta ceased to be Director on 06 Aug 2014. Kiit Technology Business Incubator has 6 board changes on record in total.
Kiit Technology Business Incubator can be reached through the website kiitincubator.in. Its registered office is in Bhubaneswar, Odisha, India.
The registered office of Kiit Technology Business Incubator is at Kiit School Of Biotechnology AtPo – Patia Kiit, Bhubaneswar, Odisha, India – 751024.
Kiit Technology Business Incubator operates in the professional services industry, in the technical segment.