DPIIT recognised startup Government of India
Startup India
Ngen Research Private Limited - financial services in Thane, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹2.65 Cr
▲ 14% YoY
Net loss · FY 2025
₹54.4 Lakh
Net margin -20.6%
EBITDA · FY 2025
-₹46.2 Lakh
EBITDA margin -17.5%
Authorised capital
₹32 Lakh
Registered with MCA
Paid-up capital
₹30.4 Lakh
Issued & subscribed
Company age
8 yrs
Est. 2018
Directors on board
2
As per MCA filings
Active GSTINs
2
GST registered
About Ngen Research Private Limited
Data last updated:
Ngen Research Private Limited is a private limited company based in Thane, Maharashtra, India, recognised as a startup by DPIIT. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 18 May 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2018PTC309626. Its GSTIN is 27AAGCN0726K1ZD (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹32 Lakh and a paid-up capital of ₹30.4 Lakh. It is led by directors Debabrata Kalyankumar Majumdar and Arunabh Mukherjee.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at A – 0904 Twinkle Tower Near Highland Residency Thane – West, Maharashtra, India – 400601.
As per the financials filed for FY 2025, the company reported a revenue of ₹2.65 Cr, a growth of 14% compared to the previous year. For the same year it recorded a net loss of ₹54.4 Lakh (net margin -20.6%) and EBITDA of -₹46.2 Lakh (EBITDA margin -17.5%). Revenue has grown at a compounded annual rate (CAGR) of 31% over three years and 57% over five years.
The company is associated with 1 brand: NGEN Research.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ngenresearch.com.
Company details
CIN U74999MH2018PTC309626
Registration Number 309626
Incorporation Date 18 May 2018
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 29 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
Recognitions & Rankings of Ngen Research
Contact details
Ngen Research Private Limited's registered office is in Thane, Maharashtra. Its website is ngenresearch.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressA – 0904 Twinkle Tower Near Highland Residency Thane – West, Maharashtra, India – 400601
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of Ngen Research Private Limited, buy the company report.
Comprehensive company report
Ngen Research Private Limited - 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
Ngen Research operates one associated brand: NGEN Research. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of financial market research services | ngenresearch.com |
Business activity
The main business activity of Ngen Research is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Ngen Research Private Limited, buy the company report.
Financials of Ngen Research Private Limited
FY 2025 filings availableNgen Research Private Limited reported revenue of ₹2.65 Cr (up 14% YoY) for FY 2025.
Revenue · FY 2025
₹2.65 Cr ▲ 14%
Net loss · FY 2025
₹54.4 Lakh margin -20.6%
EBITDA · FY 2025
-₹46.2 Lakh margin -17.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 14%
3 years · compounded
▲ 31%
5 years · compounded
▲ 57%
EBITDA CAGR growth
1 year
▲ 68%
3 years · compounded
▲ 36%
5 years · compounded
▼ 2%
Revenue has grown at a compounded annual rate (CAGR) of 57% over five years, including 14% growth in the latest year. EBITDA rose 68% 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 | -₹46.2 Lakh | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | -₹54.4 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -17.5% | ||||
| Net Profit Margin | -20.6% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Ngen Research Private Limited, buy the company report.
Board of directors of Ngen Research Private Limited
Ngen Research has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Debabrata Kalyankumar Majumdar Also directs: Ngeneq Private Limited | Director | 18 May 2018 | 8 Years 5 Months | Current |
| Arunabh Mukherjee Also directs: Ngen Research & Analytics LLP, Ngeneq Private Limited | Director | 18 May 2018 | 8 Years 5 Months | Current |
Auditor
Ngen Research Private Limited is audited by V J Choksi & Co. LLP for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V J Choksi & Co. LLP | FY 2022 | 100904W/W100076 |
Shareholding
The shareholding of Ngen Research Private Limited is on record for 4 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Ngen Research Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Ngen Research Private Limited 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 Ngen Research Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Ngen Research has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAGCN0726K1ZD | Maharashtra | Active | 04 Jul 2018 |
| 07AAGCN0726K1ZF | Delhi | Active | 31 Jul 2020 |
To see the full GST registrations and return filing status of Ngen Research Private Limited, buy the company report.
Recent activity
Ngen Research Private Limited has 3 board changes on record since 2018: 2 appointments and 1 cessation. The latest: Indranil Chakraborty ceased to be Director on 18 Apr 2019.
AGM
Ngen Research Private Limited last Annual general meeting of members was held on 29 Sep 2025 as per latest MCA records.
Filing
Ngen Research Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Ceased
Indranil Chakraborty ceased to be Director.
Appointed
Arunabh Mukherjee was appointed as Director.
Appointed
Debabrata Kalyankumar Majumdar was appointed as Director.
Incorporation
18 May 2018
Ngen Research Private Limited was registered on 18 May 2018 with Roc Mumbai & aged 8 years 5 months as per MCA records.
Frequently asked questions
Ngen Research is an active private limited company based in Thane, Maharashtra, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 18 May 2018 (8+ years old) and is registered under CIN U74999MH2018PTC309626.
Ngen Research has 2 current directors:
- Debabrata Kalyankumar Majumdar - Director
- Arunabh Mukherjee - Director
The latest financial statements of Ngen Research on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from FY 2019 are in the company report.
The GSTIN of Ngen Research is 27AAGCN0726K1ZD, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 07AAGCN0726K1ZF (Delhi).
The CIN (Corporate Identification Number) of Ngen Research is U74999MH2018PTC309626. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ngen Research was incorporated on 18 May 2018, making it 8+ years old. It is registered with the Registrar of Companies, Mumbai.
Indranil Chakraborty ceased to be Director on 18 Apr 2019. Arunabh Mukherjee was appointed as Director on 18 May 2018. Debabrata Kalyankumar Majumdar was appointed as Director on 18 May 2018.
Yes, Ngen Research is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Ngen Research can be reached through the website ngenresearch.com. Its registered office is in Thane, Maharashtra, India.
The registered office of Ngen Research is at A – 0904 Twinkle Tower Near Highland Residency Thane – West, Maharashtra, India – 400601.
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