About Formidium India Private Limited
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Formidium India Private Limited is a private limited company based in Jaipur, Rajasthan, India. It operates in the accounting and financial analysis segment of the business process outsourcing sector. It was incorporated on 28 December 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Jaipur, under CIN U72900RJ2021PTC078883. Its GSTIN is 08ABHCS5721M1ZW (Rajasthan). The company holds 4 GST registrations, all of them active.
The company has an authorised share capital of ₹1.5 Lakh and a paid-up capital of ₹1.5 Lakh. It was formerly known as Sudrania Software Private Limited. It is led by directors including Manish Agrawal and Silky Mittal.
Its last annual general meeting (AGM) was held on 04 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Jaipur, Rajasthan.
As per the financials filed for FY 2026, the company reported a revenue of ₹101.32 Cr, a decline of 2% compared to the previous year. For the same year it recorded a net profit of ₹96.86 Lakh (net margin 1%) and EBITDA of ₹3.02 Cr (EBITDA margin 3%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years.
The company has about 757 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Formidium. As per MCA filings, the company has open charges of ₹1.34 Cr and satisfied charges of ₹5.34 Cr on record. Court records list 6 cases involving the company, including 6 filed against it; 1 case is pending. The company has 1 deal on record (1 secondary share transfer); the latest was in May 2023. Its 3 peer companies in the Outsourcing industry (Accounting and Financial Analysis), with the same principal business activity (accounting, book keeping and auditing activities, tax consultancy) are compared by revenue, 1 larger and 2 smaller; the largest is Iris KPO Resourcing (India) Private Limited with revenue of ₹124.53 Cr. The company has 1 MSME Form 1 return on record for the period ending Mar 2022, listing 28 overdue payments to 2 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website formidiumtraining.com.
Company details
Contact details
Formidium India Private Limited's registered office is in Jaipur, Rajasthan. Its website is formidiumtraining.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressUnit No. 728 Elements Mall, Near D.C.M Market Ajmer Road, Jaipur, Rajasthan, India – 302021
- IndustryBusiness Outsourcing, Accounting and Financial Analysis
To see the full contact details of Formidium India Private Limited, 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
Brands
Formidium India operates one associated brand: Formidium. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Tech-enabled fund administration and tax services are provided for funds. | formidium.com |
Business activity
The main business activity of Formidium India is professional, scientific and technical. In detail, this covers accounting, book keeping and auditing activities, tax consultancy.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M2 | Accounting, book keeping and auditing activities, tax consultancy |
To see the full business activity and turnover split of Formidium India Private Limited, buy the company report.
Financials of Formidium India Private Limited
FY 2025 filings availableFormidium India Private Limited reported revenue of ₹101.32 Cr (down 2% YoY) for FY 2026.
Compounded Annual Growth Rate (CAGR)
Revenue fell 2% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 1%. EBITDA fell 36% 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 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
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| EBITDA | ₹3.02 Cr | ||||
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| Net Profit (PAT) | ₹96.86 Lakh | ||||
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Financial Ratios
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
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| EBITDA Margin | 3% | ||||
| Net Profit Margin | 1% | ||||
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To see the full financial statements and ratios of Formidium India Private Limited, buy the company report.
Board of directors of Formidium India Private Limited
Formidium India has 4 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manish Agrawal | Director | 28 Dec 2021 | 4 Years 9 Months | Current |
| Silky Mittal | Director | 12 Aug 2024 | 2 Years 2 Months | Current |
| Mandar Narendra Mhatre | Director | 12 Aug 2024 | 2 Years 2 Months | Current |
| Manish Kumar Sudrania | Director | 28 Dec 2021 | 4 Years 9 Months | Current |
Peer comparison
Formidium India Private Limited is compared with the 3 companies closest to it by revenue in the Outsourcing industry (Accounting and Financial Analysis), with the same principal business activity (accounting, book keeping and auditing activities, tax consultancy), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Iris KPO Resourcing (India) Private Limited | ₹124.53 Cr (FY 2025) | 43.0% | Chennai, Tamil Nadu, India | |||
| Formidium India Private Limitedthis company | ₹101.32 Cr (FY 2026) | ₹96.86 Lakh | 1% | -2.0% | 757 | Jaipur, Rajasthan, India |
| Iq Eq India Global Services Private Limited | ₹91.91 Cr (FY 2024) | Hyderabad, Telangana, India | ||||
| Mycpe One Solutions Private Limited | ₹85.72 Cr (FY 2025) | 40.0% | Gujarat, India |
To see the full peer comparison of Formidium India Private Limited, buy the company report.
Auditor
Formidium India Private Limited is audited by R Sogani & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R Sogani & Associates | FY 2023 | 018755C |
Shareholding
The shareholding of Formidium India Private Limited is on record for 2 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Formidium India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Dec 2023 | 100839059 | Others | ₹44 Lakh | Satisfied | |
| 14 Sep 2023 | 100782712 | Others | ₹18 Lakh | Satisfied | |
| 25 Aug 2023 | 100772883 | Others | ₹14 Lakh | Satisfied | |
| 31 Jul 2023 | 100760787 | Others | ₹24 Lakh | Satisfied | |
| 23 Jun 2023 | 100743910 | Others | ₹15 Lakh | Satisfied |
To see the full charge records of Formidium India Private Limited, buy the company report.
Total charge records: 7 View all charges
Deals & funding
Formidium India Private Limited has 1 deal on record (1 secondary share transfer); the latest was in May 2023.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2023 | Secondary share transfer | Undisclosed | Buyer: Formidium Corporation & Manish Kumar Sudrania, Formidium Corporation & Nitin Somani, Formidium Corporation & Manish Agarwal Seller: 3 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Formidium India Private Limited has 6 court cases on record: 6 filed against it. 1 case is pending and 5 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 6 | 1 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Jaipur Metro I, Rajasthan | Civil suit | Filed against the company by Bank Office IT Solutions Pvt. Ltd. | Pending |
| District court, Jaipur Metro I, Rajasthan | Civil miscellaneous application | Filed against the company by Bank Office IT Solutions Pvt. Ltd. | Disposed |
| District court, Sikar, Rajasthan | Court case (Complaint) | Filed against the company by State of Rajasthan | Disposed |
| District court, Ajmer, Rajasthan | Criminal case | Filed against the company by State | Disposed |
| District court, Jaipur Metro II, Rajasthan | Criminal case | Filed against the company by State Governments | Disposed |
To see the full case history of Formidium India Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
Formidium India Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2022, listing 28 overdue payments to 2 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Rise Tech Software Private Limited |
To see the full MSME payment records of Formidium India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Formidium India Private Limited has a workforce of 757 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Formidium India has 4 GST registrations: 4 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 08ABHCS5721M1ZW | Rajasthan | Active | 28 Dec 2021 |
| 24ABHCS5721M1Z2 | Gujarat | Active | 17 Oct 2023 |
| 27ABHCS5721M1ZW | Maharashtra | Active | 23 Mar 2024 |
| 29ABHCS5721M1ZS | Karnataka | Active | 25 Mar 2024 |
To see the full GST registrations and return filing status of Formidium India Private Limited, buy the company report.
Recent activity
Formidium India Private Limited has 8 board changes on record since 2021: 4 appointments and 4 cessations. The latest: Nitin Somani ceased to be Director on 28 Mar 2025.
14 earlier events are in the company report.
Frequently asked questions
Formidium India is an active private limited company based in Jaipur, Rajasthan, India. The company works in accounting and financial analysis, within the business outsourcing industry. It was incorporated on 28 December 2021 (5+ years old) and is registered under CIN U72900RJ2021PTC078883.
Formidium India has 4 current directors:
- Manish Agrawal - Director
- Silky Mittal - Director
- Mandar Narendra Mhatre - Director
- Manish Kumar Sudrania - Director
The latest financial statements of Formidium India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 04 September 2025. Year-wise statements from FY 2022 are in the company report.
The GSTIN of Formidium India is 08ABHCS5721M1ZW, registered in Rajasthan. The company has 4 GST registrations in all, of which 4 are active. Other active GSTINs include 24ABHCS5721M1Z2 (Gujarat), 27ABHCS5721M1ZW (Maharashtra), 29ABHCS5721M1ZS (Karnataka).
The CIN (Corporate Identification Number) of Formidium India is U72900RJ2021PTC078883. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Formidium India has 6 court cases on record: 6 filed against it. 1 is pending.
Formidium India was incorporated on 28 December 2021, making it 5+ years old. It is registered with the Registrar of Companies, Jaipur.
Formidium India has 1 deal on record (1 secondary share transfer); the latest was in May 2023.
The peers of Formidium India by revenue are Iris KPO Resourcing (India) Private Limited, Iq Eq India Global Services Private Limited, Mycpe One Solutions Private Limited, all in the Outsourcing industry (Accounting and Financial Analysis), with the same principal business activity (accounting, book keeping and auditing activities, tax consultancy).
Nitin Somani ceased to be Director on 28 Mar 2025. Mandar Narendra Mhatre was appointed as Director on 12 Aug 2024. Silky Mittal was appointed as Director on 12 Aug 2024. Formidium India has 8 board changes on record in total.
Formidium India has 1 MSME Form 1 return on record for the period ending Mar 2022, listing 28 overdue payments to 2 micro and small suppliers. The latest return was filed on 14 Jun 2022.
Formidium India can be reached through the website formidiumtraining.com. Its registered office is in Jaipur, Rajasthan, India.