About Madeit Innovation Foundation
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Madeit Innovation Foundation is a private not for profit company based in Kancheepuram, Tamil Nadu, India, recognised as a startup by DPIIT. It operates in the business support services segment of the business services sector. It was incorporated on 10 August 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U74999TN2016NPL111889. Its GSTIN is 33AAKCM5065A1ZS (Tamil Nadu).
It is led by directors including Vellapakkam Ganapathy Somasekhar and Sudhir Varadarajan (Other Promoter).
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 3rd Floor New Academic Block Iiitdm, Kancheepuram, Tamil Nadu, India – 600127.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.37 Cr, a growth of 5% compared to the previous year. For the same year it recorded a net profit of ₹21.55 Lakh (net margin 15.8%) and EBITDA of ₹45.6 Lakh (EBITDA margin 33.4%). Revenue has grown at a compounded annual rate (CAGR) of 21% over three years and 37% over five years.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website madeit.iiitdm.ac.in.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address3rd Floor New Academic Block Iiitdm, Kancheepuram, Tamil Nadu, India – 600127
- IndustryBusiness Services, Business Support Services
- 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
Business Activity of Madeit Innovation Foundation
The main business activity of Madeit Innovation Foundation is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Madeit Innovation Foundation FY 2025 filings available
Madeit Innovation Foundation reported revenue of ₹1.37 Cr (up 5% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Madeit Innovation Foundation
Revenue has grown at a compounded annual rate (CAGR) of 37% over five years, including 5% growth in the latest year. EBITDA rose 36% 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 of Madeit Innovation Foundation
| 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 | ₹45.6 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹21.55 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 | •••• | •••• | •••• | •••• | •••• |
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| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Madeit Innovation Foundation
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 33.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 15.8% | •••• | •••• | •••• | •••• |
| 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 Madeit Innovation Foundation are in the company report.
Financial statements from FY 2017
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.
Peer Comparison of Madeit Innovation Foundation
Madeit Innovation Foundation is compared with the companies closest to it by revenue in the Business Services industry (Business Auxiliary Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ys Communications Private Limited | ₹1.38 Cr (FY 2022) | •••• | •••• | 7.0% | •••• | Hyderabad, Telangana, India |
| Desalt Encore Sheetmetal Private Limited | ₹1.38 Cr (FY 2024) | •••• | •••• | 76.0% | •••• | Bengaluru, Karnataka, India |
| Netzone Netmedia Private Limited | ₹1.38 Cr (FY 2021) | •••• | •••• | 15.0% | •••• | Mumbai, Maharashtra, India |
| Gujare Consumer Products Private Limited | ₹1.37 Cr (FY 2024) | •••• | •••• | •••• | Kalyan, Maharashtra, India | |
| Veracity Connect Services Private Limited | ₹1.37 Cr (FY 2025) | •••• | •••• | 4.0% | •••• | New Delhi, Delhi, India |
| Madeit Innovation Foundation this company | ₹1.37 Cr (FY 2025) | •••• | •••• | 5.0% | •••• | Kancheepuram, Tamil Nadu, India |
| Ecosystem Ventures Private Limited | ₹1.36 Cr (FY 2025) | •••• | •••• | 3.0% | •••• | Indore, Madhya Pradesh, India |
| Osnan Consulting Private Limited | ₹1.36 Cr (FY 2025) | •••• | •••• | 248.0% | •••• | Noida, Uttar Pradesh, India |
| Shiv Samarth Agro Limited | ₹1.36 Cr (FY 2025) | •••• | •••• | 3.0% | •••• | Sangli, Maharashtra, India |
| Reckon Logistics Private Limited | ₹1.35 Cr (FY 2024) | •••• | •••• | 31.0% | •••• | S.A.S. Nagar (Mohali), Punjab, India |
| Mechatech Business Center Private Limited | ₹1.35 Cr (FY 2025) | •••• | •••• | -24.0% | •••• | Delhi, India |
Peers are the five companies nearest above and the five nearest below Madeit Innovation Foundation by revenue in the Business Services industry (Business Auxiliary Services), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Madeit Innovation Foundation
Auditor information for Madeit Innovation Foundation provides details about the firm responsible for auditing the company's financial statements and ensuring compliance with regulatory requirements.
Board of Directors of Madeit Innovation Foundation
Madeit Innovation Foundation has 4 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vellapakkam Ganapathy Somasekhar | Director | 09 Dec 2023 | 2 Years 10 Months | Current |
| Sudhir Varadarajan | Other Promoter | 10 Aug 2016 | 10 Years 1 Months | Current |
| Machavaram Venkata Kartikeyan | Director | 15 Mar 2023 | 3 Years 6 Months | Current |
| Karthikeyan | Additional Director | 24 Feb 2026 | 0 Years 7 Months | Current |
Ownership and Shareholding of Madeit Innovation Foundation
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Madeit Innovation Foundation
Madeit Innovation Foundation does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Madeit Innovation Foundation
Employment history and EPFO contributions of people linked to Madeit Innovation 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 Madeit Innovation Foundation
Madeit Innovation Foundation has 15 board changes on record since 2016: 7 appointments and 8 cessations. The latest: Karthikeyan was appointed as Additional Director on 24 Feb 2026.
6 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Madeit Innovation 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 Madeit Innovation 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 Madeit Innovation 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 Madeit Innovation Foundation
Madeit Innovation Foundation has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAKCM5065A1ZS | Tamil Nadu | Active | 19 Apr 2021 |
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 Madeit Innovation 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 Madeit Innovation Foundation
Madeit Innovation Foundation is an active private not for profit company based in Kancheepuram, Tamil Nadu, India. The company works in business support services, within the business services industry. It was incorporated on 10 August 2016 (10+ years old) and is registered under CIN U74999TN2016NPL111889.
Madeit Innovation Foundation reported revenue of ₹1.37 Cr for FY 2025 (up 5% YoY).
Madeit Innovation Foundation has 4 current directors:
- Vellapakkam Ganapathy Somasekhar - Director
- Machavaram Venkata Kartikeyan - Director
- Karthikeyan - Additional Director
- Sudhir Varadarajan - Other Promoter
Madeit Innovation Foundation reported a net profit of ₹21.55 Lakh (net margin 15.8%) and EBITDA of ₹45.6 Lakh (EBITDA margin 33.4%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Madeit Innovation Foundation is 21% over three years and 37% over five years. In the latest year (FY 2025) revenue rose 5%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Madeit Innovation Foundation is 33AAKCM5065A1ZS, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Madeit Innovation Foundation is U74999TN2016NPL111889. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Madeit Innovation Foundation was incorporated on 10 August 2016, making it 10+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Madeit Innovation Foundation by revenue are Ys Communications Private Limited, Desalt Encore Sheetmetal Private Limited, Netzone Netmedia Private Limited, Gujare Consumer Products Private Limited, Veracity Connect Services Private Limited and 5 more, all in the Business Services industry (Business Auxiliary Services).
Karthikeyan was appointed as Additional Director on 24 Feb 2026. Gangadharan Venkatesh ceased to be Director on 29 Sep 2024. Padma Parthasarathy ceased to be Director on 29 Sep 2024. Madeit Innovation Foundation has 15 board changes on record in total.
Yes, Madeit Innovation Foundation is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).