India's Richest People 2026 edition · 1 director · Source: Hurun India
- #38 Harsh Mariwala & family ₹67,800 Cr
Revenue · FY 2025
₹5.39 Cr
▲ 235% YoY
Net profit · FY 2025
₹41.94 Lakh
Net margin 7.8%
EBITDA · FY 2025
₹41.94 Lakh
EBITDA margin 7.8%
Company age
17 yrs
Est. 2009
Directors on board
3
As per MCA filings
Active GSTINs
1
GST registered
Brands
1
Associated brands
Last financials
Mar 2025
Balance sheet date
About Marico Innovation Foundation
Data last updated:
Marico Innovation Foundation is a private not for profit company based in Mumbai, Maharashtra, India, a subsidiary of Marico Limited. It operates in the online service marketplaces segment of the internet and digital services sector. It was incorporated on 19 June 2009 and has been in existence for over 17 years.
Its director Harsh Mariwala and family are #38 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U93090MH2009NPL193455. Its GSTIN is 27AAGCM7606M1Z1 (Maharashtra).
It is led by directors including Rishabh Harsh Mariwala and Saugata Gupta.
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 7th Floor Grande Palladium 175 Cst Road Kalina Santacruz (East), Mumbai, Maharashtra, India – 400098.
As per the financials filed for FY 2025, the company reported a revenue of ₹5.39 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹41.94 Lakh (net margin 7.8%) and EBITDA of ₹41.94 Lakh (EBITDA margin 7.8%). Revenue has grown at a compounded annual rate (CAGR) of 99% over three years and 41% over five years.
The company is associated with 1 brand: Marico Innovation 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 maricoinnovationfoundation.org.
Company details
CIN U93090MH2009NPL193455
Registration Number 193455
Incorporation Date 19 June 2009
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Marico Limited
Compliance Status Active Compliant
Key People
Rishabh Harsh Mariwala Nominee Director Saugata Gupta Nominee Director Harsh Charandas Mariwala Nominee Director Recognitions & Rankings of Marico Innovation Foundation
Contact details
Marico Innovation Foundation's registered office is in Mumbai, Maharashtra. Its website is maricoinnovationfoundation.org. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Social Media
- Registered Address7th Floor Grande Palladium 175 Cst Road Kalina Santacruz (East), Mumbai, Maharashtra, India – 400098
- IndustryInternet, Online Service Marketplaces
To see the full contact details of Marico Innovation Foundation, buy the company report.
Comprehensive company report
Marico Innovation Foundation - 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
Marico Innovation Foundation operates one associated brand: Marico Innovation Foundation. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Innovation support and acceleration programs in climate and technology sectors in India. | maricoinnovationfoundation.org |
Business activity
The main business activity of Marico Innovation Foundation is support service to organizations. In detail, this covers other support services to organizations.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N7 | Other support services to organizations |
Financials of Marico Innovation Foundation
FY 2025 filings availableMarico Innovation Foundation reported revenue of ₹5.39 Cr (up 235% YoY) for FY 2025.
Revenue · FY 2025
₹5.39 Cr ▲ 235%
Net profit · FY 2025
₹41.94 Lakh margin 7.8%
EBITDA · FY 2025
₹41.94 Lakh margin 7.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 235%
3 years · compounded
▲ 99%
5 years · compounded
▲ 41%
EBITDA CAGR growth
1 year
▲ 538%
3 years · compounded
▲ 296%
5 years · compounded
▲ 27%
Revenue has grown at a compounded annual rate (CAGR) of 41% over five years, including 235% growth in the latest year. EBITDA rose 538% 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 | ₹41.94 Lakh | ||||
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| Net Profit (PAT) | ₹41.94 Lakh | ||||
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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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| Profitability | |||||
| EBITDA Margin | 7.8% | ||||
| Net Profit Margin | 7.8% | ||||
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To see the full financial statements and ratios of Marico Innovation Foundation, buy the company report.
Board of directors of Marico Innovation Foundation
Marico Innovation Foundation has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rishabh Harsh Mariwala | Nominee Director | 30 Apr 2014 | 12 Years 6 Months | Current |
| Saugata Gupta Also directs: Marico Limited, Ashok Leyland Limited, The Advertising Standards Council of India and 1 more | Nominee Director | 25 Mar 2014 | 12 Years 7 Months | Current |
| Harsh Charandas Mariwala | Nominee Director | 19 Jun 2009 | 17 Years 4 Months | Current |
Auditor
Marico Innovation Foundation is audited by Kirtane & Pandit LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Kirtane & Pandit LLP | FY 2023 | 105215W/W100057 |
Shareholding
The shareholding of Marico Innovation Foundation is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions and public shareholders.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public |
To see the full shareholding pattern of Marico Innovation Foundation, buy the company report.
Legal cases
No court or tribunal cases involving Marico Innovation 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
Marico Innovation Foundation has 2 MSME Form 1 returns on record for the period ending Sep 2021, listing 7 overdue payments to 3 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 (3 of 3)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Makarand M Joshi and Co | |||
| an individual supplier | |||
| Erehwon Innovation Consulting Private Limited |
To see the full MSME payment records of Marico Innovation Foundation, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Marico Innovation Foundation has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAGCM7606M1Z1 | Maharashtra | Active | 15 Feb 2019 |
To see the full GST registrations and return filing status of Marico Innovation Foundation, buy the company report.
Recent activity
Marico Innovation Foundation has 7 board changes on record since 2009: 3 appointments and 4 cessations. The latest: Rishabh Harsh Mariwala ceased to be Additional Director on 30 Jul 2014.
AGM
Marico Innovation Foundation last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Marico Innovation Foundation has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Ceased
Rishabh Harsh Mariwala ceased to be Additional Director.
Ceased
Saugata Gupta ceased to be Director Appointed In Casual Vacancy.
Appointed
Rishabh Harsh Mariwala was appointed as Nominee Director.
Ceased
Milind Shripad Sarwate ceased to be Nominee Director.
Appointed
Saugata Gupta was appointed as Nominee Director.
Ceased
Harsh Charandas Mariwala ceased to be Director.
Appointed
Harsh Charandas Mariwala was appointed as Nominee Director.
Incorporation
19 Jun 2009
Marico Innovation Foundation was registered on 19 Jun 2009 with Roc Mumbai & aged 17 years 4 months as per MCA records.
News
Frequently asked questions
Marico Innovation Foundation is an active private not for profit company based in Mumbai, Maharashtra, India. The company works in online service marketplaces, within the internet industry. It was incorporated on 19 June 2009 (17+ years old) and is registered under CIN U93090MH2009NPL193455.
Marico Innovation Foundation has 3 current directors:
- Rishabh Harsh Mariwala - Nominee Director
- Saugata Gupta - Nominee Director
- Harsh Charandas Mariwala - Nominee Director
The latest financial statements of Marico Innovation 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 2015 are in the company report.
The GSTIN of Marico Innovation Foundation is 27AAGCM7606M1Z1, registered in Maharashtra.
The CIN (Corporate Identification Number) of Marico Innovation Foundation is U93090MH2009NPL193455. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Marico Innovation Foundation was incorporated on 19 June 2009, making it 17+ years old. It is registered with the Registrar of Companies, Mumbai.
Rishabh Harsh Mariwala ceased to be Additional Director on 30 Jul 2014. Saugata Gupta ceased to be Director Appointed In Casual Vacancy on 30 Jul 2014. Rishabh Harsh Mariwala was appointed as Nominee Director on 30 Apr 2014. Marico Innovation Foundation has 7 board changes on record in total.
Marico Innovation Foundation has 2 MSME Form 1 returns on record for the period ending Sep 2021, listing 7 overdue payments to 3 micro and small suppliers. The latest return was filed on 27 Oct 2021.
Marico Innovation Foundation can be reached through the website maricoinnovationfoundation.org. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Marico Innovation Foundation is at 7th Floor Grande Palladium 175 Cst Road Kalina Santacruz East, Mumbai, Maharashtra, India – 400098.
Marico Innovation Foundation operates in the internet industry, in the online service marketplaces segment.
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