DPIIT recognised startup Government of India
Startup India
Lazy Bone Innovations Private Limited - education in Thane, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹92.05 Lakh
▲ 42% YoY
Net loss · FY 2025
₹35.08 Lakh
Net margin -38.1%
EBITDA · FY 2025
-₹18.02 Lakh
EBITDA margin -19.6%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
8 yrs
Est. 2018
Directors on board
2
As per MCA filings
Active GSTINs
1
GST registered
About Lazy Bone Innovations Private Limited
Data last updated:
Lazy Bone Innovations Private Limited is a private limited company based in Thane, Maharashtra, India, a subsidiary of Target Publications Private Limited and recognised as a startup by DPIIT. It operates in the edtech solutions segment of the education sector. It was incorporated on 11 May 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2018PTC309302. Its GSTIN is 27AADCL6098H1Z4 (Maharashtra).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Kalpana Dilip Gangaramani and Alekh Sunil Huddar.
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 B – 2 9th Floor Ashar IT Park, Thane, Maharashtra, India – 400604.
As per the financials filed for FY 2025, the company reported a revenue of ₹92.05 Lakh, a growth of 42% compared to the previous year. For the same year it recorded a net loss of ₹35.08 Lakh (net margin -38.1%) and EBITDA of -₹18.02 Lakh (EBITDA margin -19.6%). Revenue has grown at a compounded annual rate (CAGR) of 118% over three years and 301% over five years.
Lazy Bone Innovations Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-18-0052946). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website quillplus.in.
Company details
CIN U74999MH2018PTC309302
Registration Number 309302
Incorporation Date 11 May 2018
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Target Publications Private Limited
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-MH-18-0052946
Recognitions & Rankings of Lazy Bone Innovations
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-MH-18-0052946
Contact details
Lazy Bone Innovations Private Limited's registered office is in Thane, Maharashtra. Its website is quillplus.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Apps
- Registered AddressB – 2 9th Floor Ashar IT Park, Thane, Maharashtra, India – 400604
- IndustryEducation, EdTech Solutions
To see the full contact details of Lazy Bone Innovations Private Limited, buy the company report.
Comprehensive company report
Lazy Bone Innovations 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Financials of Lazy Bone Innovations Private Limited
FY 2025 filings availableLazy Bone Innovations Private Limited reported revenue of ₹92.05 Lakh (up 42% YoY) for FY 2025.
Revenue · FY 2025
₹92.05 Lakh ▲ 42%
Net loss · FY 2025
₹35.08 Lakh margin -38.1%
EBITDA · FY 2025
-₹18.02 Lakh margin -19.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 42%
3 years · compounded
▲ 118%
5 years · compounded
▲ 301%
EBITDA CAGR growth
1 year
▲ 55%
3 years · compounded
▼ 93%
5 years · compounded
▼ 261%
Revenue has grown at a compounded annual rate (CAGR) of 301% over five years, including 42% growth in the latest year. EBITDA rose 55% 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 | -₹18.02 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹35.08 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 | -19.6% | ||||
| Net Profit Margin | -38.1% | ||||
| 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 Lazy Bone Innovations Private Limited, buy the company report.
Board of directors of Lazy Bone Innovations Private Limited
Lazy Bone Innovations has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kalpana Dilip Gangaramani | Director | 16 Apr 2021 | 5 Years 6 Months | Current |
| Alekh Sunil Huddar | Director | 11 May 2018 | 8 Years 5 Months | Current |
Peer comparison
Lazy Bone Innovations Private Limited is compared with the 6 companies closest to it by revenue in the Education industry (Education Technology), with the same principal business activity (educational support services), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Educafe Student Solutions Private Limited | ₹93.6 Lakh (FY 2025) | -37.0% | Bangalore, Karnataka, India | |||
| True Comet Edutech Private Limited | ₹93.12 Lakh (FY 2024) | 76.0% | Hyderabad, Telangana, India | |||
| Etech Prowess Private Limited | ₹92.15 Lakh (FY 2024) | 45974.0% | Bangalore, Karnataka, India | |||
| Lazy Bone Innovations Private Limitedthis company | ₹92.05 Lakh (FY 2025) | -₹35.08 Lakh | -38.1% | 42.0% | Thane, Maharashtra, India | |
| Mishmash Education Services Private Limited | ₹90.73 Lakh (FY 2024) | -23.0% | New Delhi, Delhi, India | |||
| Dhruv Daga Professional Learning Private Limited | ₹90.46 Lakh (FY 2024) | 5600.0% | Nagpur, Maharashtra, India | |||
| Parentof Thought Net Solutions Private Limited | ₹90.44 Lakh (FY 2024) | -7.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Lazy Bone Innovations Private Limited, buy the company report.
Auditor
Lazy Bone Innovations Private Limited is audited by Hiren M Patel & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Hiren M Patel & Co. | FY 2023 | 142130 |
Shareholding
The shareholding of Lazy Bone Innovations 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 Lazy Bone Innovations Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Lazy Bone Innovations 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
Lazy Bone Innovations Private Limited has 2 MSME Form 1 returns on record between 2022 and 2023, listing 4 overdue payments to 4 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (4 of 4)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Target Learning Ventures Private Limited | |||
| an individual supplier | |||
| Uchitha Graphic Printers Private Limited |
To see the full MSME payment records of Lazy Bone Innovations Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Lazy Bone Innovations has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCL6098H1Z4 | Maharashtra | Active | 07 Mar 2021 |
To see the full GST registrations and return filing status of Lazy Bone Innovations Private Limited, buy the company report.
Recent activity
Lazy Bone Innovations Private Limited has 5 board changes on record since 2018: 2 appointments and 3 cessations. The latest: Kalpana Dilip Gangaramani ceased to be Additional Director on 30 Nov 2021.
AGM
Lazy Bone Innovations Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Lazy Bone Innovations Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Ceased
Kalpana Dilip Gangaramani ceased to be Additional Director.
Ceased
Hardik Jayesh Somaiya ceased to be Director.
Appointed
Kalpana Dilip Gangaramani was appointed as Director.
Ceased
Ritika Vinay Navdhare ceased to be Director.
Appointed
Alekh Sunil Huddar was appointed as Director.
Incorporation
11 May 2018
Lazy Bone Innovations Private Limited was registered on 11 May 2018 with Roc Mumbai & aged 8 years 5 months as per MCA records.
Frequently asked questions
Lazy Bone Innovations is an active private limited company based in Thane, Maharashtra, India. The company works in edtech solutions, within the education industry. It was incorporated on 11 May 2018 (8+ years old) and is registered under CIN U74999MH2018PTC309302.
Lazy Bone Innovations has 2 current directors:
- Kalpana Dilip Gangaramani - Director
- Alekh Sunil Huddar - Director
The latest financial statements of Lazy Bone Innovations 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 2019 are in the company report.
The GSTIN of Lazy Bone Innovations is 27AADCL6098H1Z4, registered in Maharashtra.
The CIN (Corporate Identification Number) of Lazy Bone Innovations is U74999MH2018PTC309302. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Lazy Bone Innovations was incorporated on 11 May 2018, making it 8+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Lazy Bone Innovations by revenue are Educafe Student Solutions Private Limited, True Comet Edutech Private Limited, Etech Prowess Private Limited, Mishmash Education Services Private Limited, Dhruv Daga Professional Learning Private Limited and 1 more, all in the Education industry (Education Technology), with the same principal business activity (educational support services).
Kalpana Dilip Gangaramani ceased to be Additional Director on 30 Nov 2021. Hardik Jayesh Somaiya ceased to be Director on 20 Apr 2021. Kalpana Dilip Gangaramani was appointed as Director on 16 Apr 2021. Lazy Bone Innovations has 5 board changes on record in total.
Yes, Lazy Bone Innovations is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Lazy Bone Innovations is registered as a micro enterprise under Udyam registration (number: UDYAM-MH-18-0052946).
Lazy Bone Innovations has 2 MSME Form 1 returns on record between 2022 and 2023, listing 4 overdue payments to 4 micro and small suppliers. The latest return was filed on 21 Oct 2023.
Lazy Bone Innovations can be reached through the website quillplus.in. Its registered office is in Thane, Maharashtra, India.