India's Richest People 2026 edition · 1 director · Source: Hurun India
- #852 Davinder Singh Brar ₹3,500 Cr
Revenue · FY 2025
₹1.59 Cr
▼ 34% YoY
Net loss · FY 2025
₹8.97 Lakh
Net margin -5.7%
EBITDA · FY 2025
-₹8.57 Lakh
EBITDA margin -5.4%
Company age
5 yrs
Est. 2021
Directors on board
6
As per MCA filings
Last financials
Mar 2025
Balance sheet date
Last AGM
03 Nov 2025
Annual general meeting
Company status
Active
MCA master data
About Punjab Innovation Mission
Data last updated:
Punjab Innovation Mission is a private not for profit company based in Mohali, Punjab, India. It operates in the business support services segment of the business services sector. It was incorporated on 06 February 2021 and has been in existence for over 5 years.
Its director Davinder Singh Brar is #852 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U93000PB2021NPL052723.
It is led by directors including Saurabh Srivastava and Rajeev Ahuja.
Its last annual general meeting (AGM) was held on 03 November 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Kalkat Bhawan Block – C Aerocity Airport Road Sahibzada Ajit Singh Nagar, Mohali, Punjab, India – 140603.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.59 Cr, a decline of 34% compared to the previous year. For the same year it recorded a net loss of ₹8.97 Lakh (net margin -5.7%) and EBITDA of -₹8.57 Lakh (EBITDA margin -5.4%). Revenue has grown at a compounded annual rate (CAGR) of 2% over three years.
For more details, the company can be reached via its website punjab.gov.in.
Company details
CIN U93000PB2021NPL052723
Registration Number 052723
Incorporation Date 06 February 2021
ROC Chandigarh
Listing Status Unlisted
Company Status Active
Date of Last AGM 03 November 2025
Date of Balance Sheet 31 March 2025
Recognitions & Rankings of Punjab Innovation Mission
Contact details
Punjab Innovation Mission's registered office is in Mohali, Punjab. Its website is punjab.gov.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressKalkat Bhawan Block – C Aerocity Airport Road Sahibzada Ajit Singh Nagar, Mohali, Punjab, India – 140603
- IndustryBusiness Services, Business Support Services
To see the full contact details of Punjab Innovation Mission, buy the company report.
Comprehensive company report
Punjab Innovation Mission - 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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Business activity
The main business activity of Punjab Innovation Mission 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 |
To see the full business activity and turnover split of Punjab Innovation Mission, buy the company report.
Financials of Punjab Innovation Mission
FY 2025 filings availablePunjab Innovation Mission reported revenue of ₹1.59 Cr (down 34% YoY) for FY 2025.
Revenue · FY 2025
₹1.59 Cr ▼ 34%
Net loss · FY 2025
₹8.97 Lakh margin -5.7%
EBITDA · FY 2025
-₹8.57 Lakh margin -5.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 34%
3 years · compounded
▲ 2%
EBITDA CAGR growth
1 year
▼ 170%
3 years · compounded
▼ 851%
Revenue fell 34% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 2%. EBITDA fell 170% 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 | -₹8.57 Lakh | ||||
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| Net Profit (PAT) | -₹8.97 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 | -5.4% | ||||
| Net Profit Margin | -5.7% | ||||
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To see the full financial statements and ratios of Punjab Innovation Mission, buy the company report.
Board of directors of Punjab Innovation Mission
Punjab Innovation Mission has 6 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Saurabh Srivastava Also directs: Rajsthan Projects LLP, Ascendant Consultancy Services LLP, Ian Consultancy LLP and 5 more | Director | 15 Jun 2021 | 5 Years 4 Months | Current |
| Rajeev Ahuja | Director | 21 Mar 2024 | 2 Years 7 Months | Current |
| Davinder Singh Brar Also directs: Epl Limited, Mountain Trail Foods Private Limited, Madhubani Investments Private Limited and 5 more | Director | 15 Jun 2021 | 5 Years 4 Months | Current |
| Pramod Bhasin Also directs: Prospect Fund Managers LLP, Asha Impact Initiatives LLP, DLF Cyber City Developers Limited and 5 more | Director | 06 Feb 2021 | 5 Years 9 Months | Current |
| Sundeep Singh Bedi Also directs: Kaleidoscope (India) Private Limited, Cyber Media Foundation Limited, Kaleidoscope Entertainment Private Limited and 1 more | Director | 15 Jun 2021 | 5 Years 4 Months | Current |
| Ajay Shah Narottam Also directs: Britannia Industries Ltd, Emerging Market Innovations Private Limited, XKDR Forum and 1 more | Director | 15 Jun 2021 | 5 Years 4 Months | Current |
Auditor
Punjab Innovation Mission is audited by BHATIA & BHATIA for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BHATIA & BHATIA | FY 2023 | 003202N |
Shareholding
The shareholding of Punjab Innovation Mission is on record for 2 financial years, the latest being FY 2023, split between promoters, domestic institutions and public shareholders.
| Shareholder category | FY 2023 | FY 2022 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Public |
To see the full shareholding pattern of Punjab Innovation Mission, buy the company report.
Legal cases
No court or tribunal cases involving Punjab Innovation Mission 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 Punjab Innovation Mission; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Punjab Innovation Mission; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Punjab Innovation Mission has 17 board changes on record since 2021: 7 appointments and 10 cessations. The latest: Rajeev Ahuja ceased to be Additional Director on 29 Sep 2024.
AGM
Punjab Innovation Mission last Annual general meeting of members was held on 03 Nov 2025 as per latest MCA records.
Filing
Punjab Innovation Mission has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Chandigarh.
Ceased
Rajeev Ahuja ceased to be Additional Director.
Appointed
Rajeev Ahuja was appointed as Director.
Ceased
Dilip Kumar ceased to be Nominee Director.
Ceased
Ajay Shah Narottam ceased to be Additional Director.
Ceased
Davinder Singh Brar ceased to be Additional Director.
Ceased
Saurabh Srivastava ceased to be Additional Director.
Ceased
Sundeep Singh Bedi ceased to be Additional Director.
Ceased
Tejveer Singh ceased to be Nominee Director.
Appointed
Somveer Singh Anand was appointed as CEO.
Ceased
Anirudh Tewari ceased to be Nominee Director.
8 earlier events are in the company report.
Frequently asked questions
Punjab Innovation Mission is an active private not for profit company based in Mohali, Punjab, India. The company works in business support services, within the business services industry. It was incorporated on 06 February 2021 (5+ years old) and is registered under CIN U93000PB2021NPL052723.
Punjab Innovation Mission has 6 current directors:
- Saurabh Srivastava - Director
- Rajeev Ahuja - Director
- Davinder Singh Brar - Director
- Pramod Bhasin - Director
- Sundeep Singh Bedi - Director
- Ajay Shah Narottam - Director
The latest financial statements of Punjab Innovation Mission on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 03 November 2025. Year-wise statements from FY 2021 are in the company report.
The CIN (Corporate Identification Number) of Punjab Innovation Mission is U93000PB2021NPL052723. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Punjab Innovation Mission was incorporated on 06 February 2021, making it 5+ years old. It is registered with the Registrar of Companies, Chandigarh.
Rajeev Ahuja ceased to be Additional Director on 29 Sep 2024. Rajeev Ahuja was appointed as Director on 21 Mar 2024. Dilip Kumar ceased to be Nominee Director on 22 May 2023. Punjab Innovation Mission has 17 board changes on record in total.
Punjab Innovation Mission can be reached through the website punjab.gov.in. Its registered office is in Mohali, Punjab, India.
The registered office of Punjab Innovation Mission is at Kalkat Bhawan Block – C Aerocity Airport Road Sahibzada Ajit Singh Nagar, Mohali, Punjab, India – 140603.
Punjab Innovation Mission operates in the business services industry, in the business support services segment.
Punjab Innovation Mission is registered under the jurisdiction of the Registrar of Companies (ROC), Chandigarh.
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