About Narayana Foundation
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Narayana Foundation is a private not for profit company based in Ahmedabad, Gujarat, India, a subsidiary of Narayana Global Educational Initiatives Private Limited and recognised as a startup by DPIIT. It operates in the k-12 and higher education institutions segment of the education sector. It was incorporated on 21 October 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U74999GJ2016NPL094168.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Dharmendra Rameshchandra Gupta and Dharmendrasinh Amarsang Chauhan.
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 266/1 Sanathal Vill. Sanathal Tal. Sanand District Ahmedabad, Gujarat, India – 382210.
As per the financials filed for FY 2024, the company reported a revenue of ₹33.03 Cr, a growth of 57% compared to the previous year. For the same year it recorded a net profit of ₹4.5 Cr (net margin 13.6%) and EBITDA of ₹6.36 Cr (EBITDA margin 19.3%). Revenue has grown at a compounded annual rate (CAGR) of 50% over three years and 41% 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 narayanafoundation.org.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address266/1 Sanathal Vill. Sanathal Tal. Sanand District Ahmedabad, Gujarat, India – 382210
- IndustryEducation, K-12 & Higher Education Institutions
- 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 Narayana Foundation
The main business activity of Narayana Foundation is education. In detail, this covers higher education, technical & vocational education.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| P | Education | P2 | Higher education, technical & vocational education | 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 Narayana Foundation FY 2024 filings available
Narayana Foundation reported revenue of ₹33.03 Cr (up 57% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Narayana Foundation
Revenue has grown at a compounded annual rate (CAGR) of 41% over five years, including 57% growth in the latest year. EBITDA fell 10% 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 Narayana Foundation
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹6.36 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹4.5 Cr | •••• | •••• | •••• | •••• |
| 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 of Narayana Foundation
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 19.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 13.6% | •••• | •••• | •••• | •••• |
| 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 Narayana 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 Narayana Foundation
Narayana Foundation is compared with the companies closest to it by revenue in the Education industry (K12 and Higher Education). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| P. G. Infrastructure & Services Private Limited | ₹33.75 Cr (FY 2025) | •••• | •••• | -37.0% | •••• | Bhopal, Madhya Pradesh, India |
| Virohan Private Limited | ₹33.7 Cr (FY 2025) | •••• | •••• | 43.0% | •••• | Ballabgarh, Haryana, India |
| Brijlal Hospital & Research Centre Private Limited | ₹33.55 Cr (FY 2025) | •••• | •••• | 2.0% | •••• | Haldwani, Uttarakhand, India |
| Pushpalatha Educational Centre | ₹33.15 Cr (FY 2024) | •••• | •••• | 11.0% | •••• | Tirunelvelli, Tamil Nadu, India |
| Shri Educare Limited | ₹33.14 Cr (FY 2025) | •••• | •••• | 23.0% | •••• | New Delhi, Delhi, India |
| Narayana Foundation this company | ₹33.03 Cr (FY 2024) | •••• | •••• | 57.0% | •••• | Ahmedabad, Gujarat, India |
| Subbalakshmi Lakshmipathy Foundation. | ₹32.7 Cr (FY 2025) | •••• | •••• | 14.0% | •••• | Madurai, Tamil Nadu, India |
| Sri Viswa Santhi Educational Institutions Private Limited | ₹31.97 Cr (FY 2024) | •••• | •••• | 38.0% | •••• | Krishna Dt, Andhra Pradesh, India |
| Mathuram Swastha Evem Shikshan Sansthan | ₹31.87 Cr (FY 2025) | •••• | •••• | 25.0% | •••• | Patna, Bihar, India |
| Prodigy Development Institution | ₹31.7 Cr (FY 2025) | •••• | •••• | 12.0% | •••• | New Delhi, Delhi, India |
| The Hindu Educational Organisation | ₹30.57 Cr (FY 2025) | •••• | •••• | -1.0% | •••• | Chennai, Tamil Nadu, India |
Peers are the five companies nearest above and the five nearest below Narayana Foundation by revenue in the Education industry (K12 and Higher Education), 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 Narayana Foundation
Narayana Foundation is audited by KANTILAL PATEL & CO. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| KANTILAL PATEL & CO. | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Narayana Foundation
Narayana Foundation has 6 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dharmendra Rameshchandra Gupta Also directs: Neeldev Buildcon LLP | Director | 15 Mar 2018 | 8 Years 6 Months | Current |
| Dharmendrasinh Amarsang Chauhan | Director | 10 Jun 2017 | 9 Years 4 Months | Current |
| Kanubhai Arajanbhai Bharvad Also directs: Paritosh Buildcon Private Limited | Director | 29 May 2019 | 7 Years 4 Months | Current |
| Purvi Amit Gupta | Director | 21 Oct 2016 | 9 Years 11 Months | Current |
| Rameshbhai Amthabhai Desai | Director | 25 Oct 2023 | 2 Years 11 Months | Current |
| Amit Sureshchandra Gupta Also directs: Aptitude Mantra LLP, Villaversegoa LLP, Seico Hi-Purity Tubes Private Limited and 3 more | Director | 21 Oct 2016 | 9 Years 11 Months | Current |
Ownership and Shareholding of Narayana 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 Narayana Foundation
Narayana Foundation does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Narayana Foundation
Employment history and EPFO contributions of people linked to Narayana 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 Narayana Foundation
Narayana Foundation has 11 board changes on record since 2016: 6 appointments and 5 cessations. The latest: Rameshbhai Amthabhai Desai was appointed as Director on 25 Oct 2023.
2 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Narayana 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 Narayana 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 Narayana 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 Narayana Foundation
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 Narayana 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 Narayana Foundation
Narayana Foundation is an active private not for profit company based in Ahmedabad, Gujarat, India. The company works in k-12 and higher education institutions, within the education industry. It was incorporated on 21 October 2016 (10+ years old) and is registered under CIN U74999GJ2016NPL094168.
Narayana Foundation reported revenue of ₹33.03 Cr for FY 2024 (up 57% YoY).
Narayana Foundation has 6 current directors:
- Dharmendra Rameshchandra Gupta - Director
- Dharmendrasinh Amarsang Chauhan - Director
- Kanubhai Arajanbhai Bharvad - Director
- Purvi Amit Gupta - Director
- Rameshbhai Amthabhai Desai - Director
- Amit Sureshchandra Gupta - Director
Narayana Foundation reported a net profit of ₹4.5 Cr (net margin 13.6%) and EBITDA of ₹6.36 Cr (EBITDA margin 19.3%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Narayana Foundation is 50% over three years and 41% over five years. In the latest year (FY 2024) revenue rose 57%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Narayana Foundation is U74999GJ2016NPL094168. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Narayana Foundation was incorporated on 21 October 2016, making it 10+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Narayana Foundation by revenue are P. G. Infrastructure & Services Private Limited, Virohan Private Limited, Brijlal Hospital & Research Centre Private Limited, Pushpalatha Educational Centre, Shri Educare Limited and 5 more, all in the Education industry (K12 and Higher Education).
Rameshbhai Amthabhai Desai was appointed as Director on 25 Oct 2023. Kanubhai Arajanbhai Bharvad ceased to be Additional Director on 30 Sep 2019. Kanubhai Arajanbhai Bharvad was appointed as Director on 29 May 2019. Narayana Foundation has 11 board changes on record in total.
Yes, Narayana Foundation is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Narayana Foundation can be reached through the website narayanafoundation.org. Its registered office is in Ahmedabad, Gujarat, India.