About Maheshwari Starters' Foundation
Data last updated:
Maheshwari Starters' Foundation is a private not for profit company based in Surat, Gujarat, India. It operates in the corporate training and development segment of the education sector. It was incorporated on 01 July 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U74999GJ2016NPL092746. Its GSTIN is 24AAKCM4262H1ZG (Gujarat).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Radheshyam Trilokchand Rathi (Managing Director) and Manish Pukhraj Jajoo.
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 204 2nd Floor Ratnadeep Chamber Above 24 Carat Sweet Shop Ring Road, Surat, Gujarat, India – 395002.
As per the financials filed for FY 2025, the company reported a revenue of ₹81,103, a decline of 23% compared to the previous year. For the same year it recorded a net profit of ₹42,341 (net margin 52.2%) and EBITDA of ₹54,615 (EBITDA margin 67.3%). Revenue has declined at a compounded annual rate (CAGR) of 13% over five years.
The company is associated with 1 brand: Maheshwari Starters Foundation.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website msfsurat.com.
Company details
Contact details
Maheshwari Starters' Foundation's registered office is in Surat, Gujarat. Its website is msfsurat.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Apps
- Registered Address204 2nd Floor Ratnadeep Chamber Above 24 Carat Sweet Shop Ring Road, Surat, Gujarat, India – 395002
- IndustryEducation, Corporate Training & Development
To see the full contact details of Maheshwari Starters' Foundation, 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
Maheshwari Starters' Foundation operates one associated brand: Maheshwari Starters Foundation. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| A platform for Maheshwari Entrepreneurs to network, exchange ideas, and build partnerships in trade, industry, and services. | msfsurat.com |
Financials of Maheshwari Starters' Foundation
FY 2025 filings availableMaheshwari Starters' Foundation reported revenue of ₹81,103 (down 23% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 13% over five years, including a 23% fall in the latest year. EBITDA fell 42% 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 | ₹54,615 | ||||
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| Net Profit (PAT) | ₹42,341 | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | 67.3% | ||||
| Net Profit Margin | 52.2% | ||||
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To see the full financial statements and ratios of Maheshwari Starters' Foundation, buy the company report.
Board of directors of Maheshwari Starters' Foundation
Maheshwari Starters' Foundation has 9 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manish Pukhraj Jajoo Also directs: MSF Capital Limited, Finvision Asset Monitoring and Financial Services Private Limited, Bhagwan Advisory Private Limited and 1 more | Director | 01 Jul 2016 | 10 Years 4 Months | Current |
| Sunil Jajoo Also directs: Bansi Fashion Private Limited | Director | 01 Jul 2016 | 10 Years 4 Months | Current |
| Radheshyam Bhawarlal Jaju | Director | 01 Jul 2016 | 10 Years 4 Months | Current |
| Navalkishore Liladhar Rathi Also directs: Aakar Processors Private Limited, Jaisalmer Maheshwari Foundation | Director | 01 Jul 2016 | 10 Years 4 Months | Current |
| Gopal Chandak Also directs: MSF Capital Limited, Sudev Fashion Private Limited | Director | 18 Apr 2017 | 9 Years 6 Months | Current |
| Radheshyam Trilokchand Rathi | Managing Director | 01 Jul 2016 | 10 Years 4 Months | Current |
Peer comparison
Maheshwari Starters' Foundation is compared with the 6 companies closest to it by revenue in the Ecommerce and Internet industry (Professional Networking), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Indianfolk (OPC) Private Limited | ₹3.28 Lakh (FY 2023) | -67.0% | Secunderabad, Telangana, India | |||
| Bricsa Consulting Private Limited | ₹1.75 Lakh (FY 2022) | 60.0% | Mumbai, Maharashtra, India | |||
| Ceralink Communication Private Limited | ₹1.36 Lakh (FY 2025) | -8.0% | Morbi, Gujarat, India | |||
| Zoobiz India Private Limited | ₹1.01 Lakh (FY 2024) | -86.0% | Ahmedabad, Gujarat, India | |||
| 5Paisa Trading Limited | ₹90,000 (FY 2025) | -36.0% | Thane, Maharashtra, India | |||
| Maheshwari Starters' Foundationthis company | ₹81,103 (FY 2025) | ₹42,341 | 52.2% | -23.0% | Surat, Gujarat, India | |
| Amf Wellness Tech Private Limited | ₹32,020 (FY 2020) | 7211.0% | Gurgaon, Haryana, India |
To see the full peer comparison of Maheshwari Starters' Foundation, buy the company report.
Auditor
Maheshwari Starters' Foundation is audited by M K KABRA & CO for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M K KABRA & CO | FY 2020 | 122416W |
Shareholding
The shareholding of Maheshwari Starters' Foundation is on record for 2 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2017 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Maheshwari Starters' Foundation, buy the company report.
Legal cases
No court or tribunal cases involving Maheshwari Starters' Foundation 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 Maheshwari Starters' Foundation; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Maheshwari Starters' Foundation has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAKCM4262H1ZG | Gujarat | Active | 01 Oct 2017 |
To see the full GST registrations and return filing status of Maheshwari Starters' Foundation, buy the company report.
Recent activity
Maheshwari Starters' Foundation has 9 board changes on record since 2016: 9 appointments. The latest: Dipak Ramgopal Mundra was appointed as Director on 18 Apr 2017.
Frequently asked questions
Maheshwari Starters' Foundation is an active private not for profit company based in Surat, Gujarat, India. The company works in corporate training and development, within the education industry. It was incorporated on 01 July 2016 (10+ years old) and is registered under CIN U74999GJ2016NPL092746.
Maheshwari Starters' Foundation has 9 current directors:
- Radheshyam Trilokchand Rathi - Managing Director
- Manish Pukhraj Jajoo - Director
- Sunil Jajoo - Director
- Radheshyam Bhawarlal Jaju - Director
- Navalkishore Liladhar Rathi - Director
- Gopal Chandak - Director
- Dipak Ramgopal Mundra - Director
- Abhishek Satyanarayan Rathi - Director
- Chandrakant Kothari - Director
The latest financial statements of Maheshwari Starters' Foundation 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 2017 are in the company report.
The GSTIN of Maheshwari Starters' Foundation is 24AAKCM4262H1ZG, registered in Gujarat.
The CIN (Corporate Identification Number) of Maheshwari Starters' Foundation is U74999GJ2016NPL092746. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Maheshwari Starters' Foundation was incorporated on 01 July 2016, making it 10+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Maheshwari Starters' Foundation by revenue are Indianfolk (OPC) Private Limited, Bricsa Consulting Private Limited, Ceralink Communication Private Limited, Zoobiz India Private Limited, 5Paisa Trading Limited and 1 more, all in the Ecommerce and Internet industry (Professional Networking).
Dipak Ramgopal Mundra was appointed as Director on 18 Apr 2017. Gopal Chandak was appointed as Director on 18 Apr 2017. Abhishek Satyanarayan Rathi was appointed as Director on 01 Jul 2016. Maheshwari Starters' Foundation has 9 board changes on record in total.
Maheshwari Starters' Foundation can be reached through the website msfsurat.com. Its registered office is in Surat, Gujarat, India.
The registered office of Maheshwari Starters' Foundation is at 204 2nd Floor Ratnadeep Chamber Above 24 Carat Sweet Shop Ring Road, Surat, Gujarat, India – 395002.
Maheshwari Starters' Foundation operates in the education industry, in the corporate training and development segment.
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