About Reforma Advisory Private Limited
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Reforma Advisory Private Limited is a private limited company based in North 24 Parganas, West Bengal, India. It operates in the service-based operations segment of the services sector. It was incorporated on 25 November 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U93000WB2017PTC223607. Its GSTIN is 19AAICR6400J1Z7 (West Bengal).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹5.3 Lakh. It is led by directors including Sweta Khetan (Whole-Time Director) and Tara Chand Khetan (Whole-Time Director).
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 North 24 Parganas, West Bengal.
As per the financials filed for FY 2025, the company reported a revenue of ₹106.56 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹16.3 Lakh (net margin 0.2%) and EBITDA of ₹22.75 Lakh (EBITDA margin 0.2%). Revenue has grown at a compounded annual rate (CAGR) of 502% over three years and 166% over five years.
The company is associated with 1 brand: Reforma Advisory. As per MCA filings, the company has open charges of ₹2.48 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website reformaadvisory.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressUnit No. 7Es7 7th Floor, East Block Mani Casadona, North 24 Parganas, West Bengal, India – 700160
- IndustryService, Other Services
- 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
Associated Brands with Reforma Advisory Private Limited
Reforma Advisory operates one associated brand: Reforma Advisory. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Delivers comprehensive advisory services in consulting and business fields. | reformaadvisory.com |
Business Activity of Reforma Advisory Private Limited
The main business activity of Reforma Advisory is professional, scientific and technical activities. In detail, this covers other professional, scientific and technical activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| M | Professional, scientific and technical activities | 74 | Other professional, scientific and technical activities | 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 Reforma Advisory Private Limited FY 2025 filings available
Reforma Advisory Private Limited reported revenue of ₹106.56 Cr (up 13194% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Reforma Advisory Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 166% over five years. EBITDA fell 56% 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 Reforma Advisory Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹22.75 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹16.3 Lakh | •••• | •••• | •••• | •••• |
| 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 Reforma Advisory Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.2% | •••• | •••• | •••• | •••• |
| 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 Reforma Advisory are in the company report.
Financial statements from FY 2018
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.
Board of Directors of Reforma Advisory Private Limited
Reforma Advisory has 4 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sweta Khetan | Whole-Time Director | 01 Nov 2025 | 0 Years 11 Months | Current |
| Tara Chand Khetan Also directs: Reforma Radium LLP, Omnishield Insurance Broking Limited, Venkon Software Private Limited and 1 more | Whole-Time Director | 25 Nov 2017 | 8 Years 10 Months | Current |
| Rina Khetan Also directs: Venkon Software Private Limited, Estalvis Advisors Private Limited | Director | 25 Nov 2017 | 8 Years 10 Months | Current |
| Ayushi Khetan Also directs: Reforma Radium LLP, Omnishield Insurance Broking Limited, Venkon Software Private Limited and 1 more | Whole-Time Director | 25 Feb 2025 | 1 Years 7 Months | Current |
Peer Comparison of Reforma Advisory Private Limited
Reforma Advisory Private Limited is compared with the companies closest to it by revenue in the Consumer Services industry (Professional Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Meghalayan Age Limited | ₹107.66 Cr (FY 2023) | •••• | •••• | 391.0% | •••• | Shillong, Meghalaya, India |
| Pradman Engineering Private Limited | ₹107.61 Cr (FY 2025) | •••• | •••• | 45.0% | •••• | Mumbai, Maharashtra, India |
| Ibi Group India Private Limited | ₹107.47 Cr (FY 2025) | •••• | •••• | 28.0% | •••• | Suncity, Haryana, India |
| Vamsha Retail Ventures Private Limited | ₹107.21 Cr (FY 2025) | •••• | •••• | 46.0% | •••• | Thiruvarur, Tamil Nadu, India |
| Manubhai & Shah LLP | ₹106.73 Cr (FY 2024) | •••• | •••• | 23.0% | •••• | Ahmedabad, Gujarat, India |
| Reforma Advisory Private Limited this company | ₹106.56 Cr (FY 2025) | •••• | •••• | 13194.0% | •••• | North 24 Parganas, West Bengal, India |
| Amal Embroideries Private Limited | ₹105.99 Cr (FY 2025) | •••• | •••• | 2.0% | •••• | Mumbai, Maharashtra, India |
| Biomet Visa(India) Private Limited | ₹105.74 Cr (FY 2025) | •••• | •••• | -17.0% | •••• | Mumbai, Maharashtra, India |
| Centrix Interiors Private Limited | ₹105.65 Cr (FY 2025) | •••• | •••• | 154.0% | •••• | Hyderabad, Telangana, India |
| Splunk Services India Private Limited | ₹105.32 Cr (FY 2025) | •••• | •••• | 27.0% | •••• | Mumbai, Maharashtra, India |
| Idbi Trusteeship Services Limited | ₹105.09 Cr (FY 2025) | •••• | •••• | 5.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Reforma Advisory by revenue in the Consumer Services industry (Professional Services), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Ownership and Shareholding of Reforma Advisory Private Limited
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 Reforma Advisory Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 03 Mar 2025 | Standard Chartered Bank | ₹2.48 Cr | Open |
Total charge records: 1 View all charges
Employees and EPFO Compliance at Reforma Advisory Private Limited
Employment history and EPFO contributions of people linked to Reforma Advisory.
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 Reforma Advisory Private Limited
Reforma Advisory Private Limited has 7 board changes on record since 2017: 4 appointments and 3 cessations. The latest: Sweta Khetan was appointed as Whole-Time Director on 01 Nov 2025.
Credit Ratings, Litigation & Regulatory Alerts for Reforma Advisory Private Limited
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 Reforma Advisory Private Limited
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 Reforma Advisory Private Limited
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 Reforma Advisory Private Limited
Reforma Advisory has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AAICR6400J1Z7 | West Bengal | Active | 29 Dec 2017 |
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 Reforma Advisory Private Limited
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 Reforma Advisory Private Limited
Reforma Advisory is an active private limited company based in North 24 Parganas, West Bengal, India. The company works in other services, within the service industry. It was incorporated on 25 November 2017 (9+ years old) and is registered under CIN U93000WB2017PTC223607.
Reforma Advisory reported revenue of ₹106.56 Cr for FY 2025 (up 13194% YoY).
Reforma Advisory has 4 current directors:
- Sweta Khetan - Whole-Time Director
- Tara Chand Khetan - Whole-Time Director
- Ayushi Khetan - Whole-Time Director
- Rina Khetan - Director
Reforma Advisory reported a net profit of ₹16.3 Lakh (net margin 0.2%) and EBITDA of ₹22.75 Lakh (EBITDA margin 0.2%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Reforma Advisory is 502% over three years and 166% over five years. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Reforma Advisory is 19AAICR6400J1Z7, registered in West Bengal.
The CIN (Corporate Identification Number) of Reforma Advisory is U93000WB2017PTC223607. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Reforma Advisory was incorporated on 25 November 2017, making it 9+ years old. It is registered with the Registrar of Companies, Kolkata.
The peers of Reforma Advisory by revenue are Meghalayan Age Limited, Pradman Engineering Private Limited, Ibi Group India Private Limited, Vamsha Retail Ventures Private Limited, Manubhai & Shah LLP and 5 more, all in the Consumer Services industry (Professional Services).
Sweta Khetan was appointed as Whole-Time Director on 01 Nov 2025. Sweta Khetan ceased to be Additional Director on 01 Nov 2025. Ayushi Khetan ceased to be Director on 31 May 2025. Reforma Advisory has 7 board changes on record in total.
Reforma Advisory can be reached through the website reformaadvisory.com. Its registered office is in North 24 Parganas, West Bengal, India.