India's Richest People 2026 edition · 1 director · Source: Hurun India
- #1,028 Jaiprakash Chiripal & family ₹2,600 Cr
Revenue · FY 2025
₹30.77 Lakh
▼ 57% YoY
Net loss · FY 2025
₹17.46 Lakh
Net margin -56.7%
EBITDA · FY 2025
₹7,835
EBITDA margin 0.3%
Authorised capital
₹55 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
15 yrs
Est. 2011
Directors on board
2
As per MCA filings
Last financials
Mar 2025
Balance sheet date
About Shanti Polytechnic Foundation
Data last updated:
Shanti Polytechnic Foundation is a private not for profit company based in Ahmedabad, Gujarat, India. It operates in the corporate training and development segment of the education sector. It was incorporated on 19 May 2011 and has been in existence for over 15 years.
Its director Jaiprakash Chiripal and family are #1,028 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U80302GJ2011NPL065502.
The company has an authorised share capital of ₹55 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Jaiprakash Devkinandan Chiripal and Davinder Kumar Jain.
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 Chiripal House Satellite, Ahmedabad, Gujarat, India – 380015.
As per the financials filed for FY 2025, the company reported a revenue of ₹30.77 Lakh, a decline of 57% compared to the previous year. For the same year it recorded a net loss of ₹17.46 Lakh (net margin -56.7%) and EBITDA of ₹7,835 (EBITDA margin 0.3%). Revenue has grown at a compounded annual rate (CAGR) of 9% over three 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 chiripalgroup.com.
Company Details of Shanti Polytechnic Foundation
CIN U80302GJ2011NPL065502
Registration Number 065502
Incorporation Date 19 May 2011
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
Recognitions & Rankings of Shanti Polytechnic Foundation
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressChiripal House Satellite, Ahmedabad, Gujarat, India – 380015
- IndustryEducation, Corporate Training & Development
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Financials of Shanti Polytechnic Foundation FY 2025 filings available
Shanti Polytechnic Foundation reported revenue of ₹30.77 Lakh (down 57% YoY) for FY 2025.
Revenue · FY 2025
₹30.77 Lakh ▼ 57%
Net loss · FY 2025
₹17.46 Lakh margin -56.7%
EBITDA · FY 2025
₹7,835 margin 0.3%
Compounded Annual Growth Rate (CAGR) of Shanti Polytechnic Foundation
Revenue CAGR growth
1 year
▼ 57%
3 years · compounded
▲ 9%
EBITDA CAGR growth
1 year
▼ 100%
3 years · compounded
▼ 63%
5 years · compounded
▼ 55%
Revenue fell 57% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 9%. EBITDA fell 100% 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 Shanti Polytechnic Foundation
| 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 | ₹7,835 | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹17.46 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 Shanti Polytechnic Foundation
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -56.7% | •••• | •••• | •••• | •••• |
| 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 Shanti Polytechnic Foundation are in the company report.
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Board of Directors of Shanti Polytechnic Foundation
Shanti Polytechnic Foundation has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jaiprakash Devkinandan Chiripal Also directs: Nandan Chiripal Energy Coporation LLP, Nandan Corporation LLP, Chiripal Exim LLP and 5 more | Director | 19 May 2011 | 15 Years 5 Months | Current |
| Davinder Kumar Jain | Director | 10 Dec 2012 | 13 Years 10 Months | Current |
Peer Comparison of Shanti Polytechnic Foundation
Shanti Polytechnic Foundation is compared with the companies closest to it by revenue in the Education industry (Corporate and Commercial Training). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Laan Skills Academy Private Limited | ₹30.82 Lakh (FY 2024) | •••• | •••• | -22.0% | •••• | Hyderabad, Telangana, India |
| Avaris India Business Solutions Private Limited | ₹30.79 Lakh (FY 2019) | •••• | •••• | 354.0% | •••• | Coimbatore, Tamil Nadu, India |
| Pranjal Microelectronics Private Limited | ₹30.78 Lakh (FY 2024) | •••• | •••• | 31.0% | •••• | Belgaum, Karnataka, India |
| Acroatic Edu-Solutions Private Limited | ₹30.78 Lakh (FY 2024) | •••• | •••• | -5.0% | •••• | Muzaffarpur, Bihar, India |
| Spoacademia Private Limited | ₹30.77 Lakh (FY 2023) | •••• | •••• | •••• | Mumbai, Maharashtra, India | |
| Shanti Polytechnic Foundation this company | ₹30.77 Lakh (FY 2025) | •••• | •••• | -57.0% | •••• | Ahmedabad, Gujarat, India |
| Learnopedia Academy Private Limited | ₹30.76 Lakh (FY 2016) | •••• | •••• | -33.0% | •••• | Pune, Maharashtra, India |
| Omspace Rocket and Exploration Private Limited | ₹30.73 Lakh (FY 2024) | •••• | •••• | 111.0% | •••• | Gandhinagar, Gujarat, India |
| Wisdomschool of Management Private Limited | ₹30.73 Lakh (FY 2020) | •••• | •••• | 7.0% | •••• | Lucknow, Uttar Pradesh, India |
| Nfdcs Innovations (OPC) Private Limited | ₹30.66 Lakh (FY 2021) | •••• | •••• | 3.0% | •••• | Kolkata, West Bengal, India |
| Seescon Academy (OPC) Private Limited | ₹30.64 Lakh (FY 2025) | •••• | •••• | 72.0% | •••• | Bangalore, Karnataka, India |
Peers are the five companies nearest above and the five nearest below Shanti Polytechnic Foundation by revenue in the Education industry (Corporate and Commercial Training), 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 Shanti Polytechnic Foundation
Shanti Polytechnic Foundation is audited by C N SOMANI & ASSOCIATES for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| C N SOMANI & ASSOCIATES | Locked | Locked | Locked |
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Ownership and Shareholding of Shanti Polytechnic Foundation
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Charges & Borrowings of Shanti Polytechnic Foundation
Shanti Polytechnic Foundation does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Shanti Polytechnic Foundation
Employment history and EPFO contributions of people linked to Shanti Polytechnic Foundation.
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Shanti Polytechnic Foundation
Shanti Polytechnic Foundation has 7 board changes on record since 2011: 2 appointments and 5 cessations. The latest: Kamal Sureshbhai Tailor ceased to be Nominee Director on 30 Sep 2021.
AGM
Shanti Polytechnic Foundation last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Shanti Polytechnic Foundation has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Ceased
Kamal Sureshbhai Tailor ceased to be Nominee Director.
Ceased
Dhawal Mahendra Parikh ceased to be Nominee Director.
Ceased
Rasiklal Nanalal Raval ceased to be Nominee Director.
Ceased
Zumabhai Khemabhai Makwana ceased to be Nominee Director.
Ceased
Vikas Arunkumar Agarwal ceased to be Director.
Appointed
Davinder Kumar Jain was appointed as Director.
Appointed
Jaiprakash Devkinandan Chiripal was appointed as Director.
Incorporation
19 May 2011
Shanti Polytechnic Foundation was registered on 19 May 2011 with Roc Ahmedabad & aged 15 years 5 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Shanti Polytechnic Foundation
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MSME Payment Delays by Shanti Polytechnic Foundation
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Subsidiaries & Group Companies of Shanti Polytechnic Foundation
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GST Compliance of Shanti Polytechnic Foundation
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MCA Filings & Documents of Shanti Polytechnic Foundation
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Frequently Asked Questions about Shanti Polytechnic Foundation
Shanti Polytechnic Foundation is an active private not for profit company based in Ahmedabad, Gujarat, India. The company works in corporate training and development, within the education industry. It was incorporated on 19 May 2011 (15+ years old) and is registered under CIN U80302GJ2011NPL065502.
Shanti Polytechnic Foundation reported revenue of ₹30.77 Lakh for FY 2025 (down 57% YoY).
Shanti Polytechnic Foundation has 2 current directors:
- Jaiprakash Devkinandan Chiripal - Director
- Davinder Kumar Jain - Director
Shanti Polytechnic Foundation reported a net loss of ₹17.46 Lakh (net margin -56.7%) and EBITDA of ₹7,835 (EBITDA margin 0.3%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Shanti Polytechnic Foundation is 9% over three years. In the latest year (FY 2025) revenue fell 57%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Shanti Polytechnic Foundation is U80302GJ2011NPL065502. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Shanti Polytechnic Foundation was incorporated on 19 May 2011, making it 15+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Shanti Polytechnic Foundation by revenue are Laan Skills Academy Private Limited, Avaris India Business Solutions Private Limited, Pranjal Microelectronics Private Limited, Acroatic Edu-Solutions Private Limited, Spoacademia Private Limited and 5 more, all in the Education industry (Corporate and Commercial Training).
Kamal Sureshbhai Tailor ceased to be Nominee Director on 30 Sep 2021. Dhawal Mahendra Parikh ceased to be Nominee Director on 03 Apr 2019. Rasiklal Nanalal Raval ceased to be Nominee Director on 16 Mar 2013. Shanti Polytechnic Foundation has 7 board changes on record in total.
Shanti Polytechnic Foundation can be reached through the website chiripalgroup.com. Its registered office is in Ahmedabad, Gujarat, India.
The registered office of Shanti Polytechnic Foundation is at Chiripal House Satellite, Ahmedabad, Gujarat, India – 380015.