Next India Research Foundation
About Next India Research Foundation
Data last updated:
Next India Research Foundation is a private not for profit company based in Ahmedabad, Gujarat, India. It operates in the consumer and professional services segment of the travel and hospitality sector. It was incorporated on 12 May 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U93094GJ2016NPL091953. Its GSTIN is 24AAFCN2277G1ZJ (Gujarat).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹2,000. It is led by directors Maulik Parindu Bhagat and Bhavya Maulikbhai Bhagat.
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 A Mz.F.1 Sapath – 4 Prahalad Nagar Sarkhej – Gandhinagar Highway Satellite, Ahmedabad, Gujarat, India – 380015.
As per the financials filed for FY 2025, the company reported a revenue of ₹3.58 Cr, a growth of 44% compared to the previous year. For the same year it recorded a net profit of ₹38.45 Lakh (net margin 10.7%) and EBITDA of ₹44.62 Lakh (EBITDA margin 12.5%). Revenue has declined at a compounded annual rate (CAGR) of 13% over three years and 7% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Next India Research Foundation's registered office is in Ahmedabad, Gujarat. Its e-mail address is in the company report.
- Email
- Registered AddressA Mz.F.1 Sapath – 4 Prahalad Nagar Sarkhej – Gandhinagar Highway Satellite, Ahmedabad, Gujarat, India – 380015
- IndustryTravel and Hospitality, Consumer Professional Services
To see the full contact details of Next India Research 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
Business activity
The main business activity of Next India Research Foundation is information and communication. In detail, this covers data processing, hosting and related activities; web portal.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J7 | Data processing, hosting and related activities; web portal |
To see the full business activity and turnover split of Next India Research Foundation, buy the company report.
Financials of Next India Research Foundation
FY 2025 filings availableNext India Research Foundation reported revenue of ₹3.58 Cr (up 44% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 44% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 7%. EBITDA rose 316% 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 | ₹44.62 Lakh | ||||
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| Net Profit (PAT) | ₹38.45 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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| EBITDA Margin | 12.5% | ||||
| Net Profit Margin | 10.7% | ||||
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To see the full financial statements and ratios of Next India Research Foundation, buy the company report.
Board of directors of Next India Research Foundation
Next India Research Foundation has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Maulik Parindu Bhagat Also directs: Janhit Me Jari Productions LLP, Shree Karani Rewa Agri Tech LLP, Thousand Island Infrastructure Private Limited and 5 more | Director | 12 May 2016 | 10 Years 5 Months | Current |
| Bhavya Maulikbhai Bhagat Also directs: Janhit Me Jari Productions LLP, Thousand Island Infrastructure Private Limited, Nascent Green Foods Private Limited and 5 more | Director | 12 May 2016 | 10 Years 5 Months | Current |
Auditor
Next India Research Foundation is audited by C R SHAREDALAL & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| C R SHAREDALAL & CO | FY 2017 | 109943W |
Shareholding
The shareholding of Next India Research Foundation is on record for FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Foreign institutional investors (FII) | |
| Public | |
| Others |
To see the full shareholding pattern of Next India Research Foundation, buy the company report.
Legal cases
No court or tribunal cases involving Next India Research 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 Next India Research Foundation; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Next India Research Foundation has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAFCN2277G1ZJ | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Next India Research Foundation, buy the company report.
Recent activity
Next India Research Foundation has 2 board changes on record since 2016: 2 appointments. The latest: Bhavya Maulikbhai Bhagat was appointed as Director on 12 May 2016.
Frequently asked questions
Next India Research Foundation is an active private not for profit company based in Ahmedabad, Gujarat, India. The company works in consumer professional services, within the travel and hospitality industry. It was incorporated on 12 May 2016 (10+ years old) and is registered under CIN U93094GJ2016NPL091953.
Next India Research Foundation has 2 current directors:
- Maulik Parindu Bhagat - Director
- Bhavya Maulikbhai Bhagat - Director
The latest financial statements of Next India Research 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 Next India Research Foundation is 24AAFCN2277G1ZJ, registered in Gujarat.
The CIN (Corporate Identification Number) of Next India Research Foundation is U93094GJ2016NPL091953. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Next India Research Foundation was incorporated on 12 May 2016, making it 10+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Bhavya Maulikbhai Bhagat was appointed as Director on 12 May 2016. Maulik Parindu Bhagat was appointed as Director on 12 May 2016.
The registered office of Next India Research Foundation is at A Mz.F.1 Sapath – 4 Prahalad Nagar Sarkhej – Gandhinagar Highway Satellite, Ahmedabad, Gujarat, India – 380015.
Next India Research Foundation operates in the travel and hospitality industry, in the consumer professional services segment.
The compliance status of Next India Research Foundation is compliant as of 18 August 2026. The company is actively filing with the Registrar of Companies.
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