About Taru Development Initiatives Foundation
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Taru Development Initiatives Foundation is a private not for profit company based in Ahmedabad, Gujarat, India. It operates in the consumer and professional services segment of the travel and hospitality sector. It was incorporated on 28 December 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U74899GJ1995NPL128552. Its GSTIN is 24AAACT4543N1Z6 (Gujarat).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹300. It was formerly known as Taru Research and Information Network. It is led by directors including Priyesh Suryakant Salunke and Tejas Patel.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Block – A Office No. 608 Mondeal Hights Nr. Panchratna Party Plot S. G. Highway, Ahmedabad, Gujarat, India – 380051.
As per the financials filed for FY 2024, the company reported a revenue of ₹17.12 Lakh, a growth of 4% compared to the previous year. For the same year it recorded a net profit of ₹25,287 (net margin 1.5%) and EBITDA of ₹25,287 (EBITDA margin 1.5%). Revenue has declined at a compounded annual rate (CAGR) of 73% over three years and 2% over five 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 taru.org.
Company details
CIN history
Taru Development Initiatives Foundation has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U74899GJ1995NPL128552, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74899GJ1995NPL128552 | Current |
| U74899DL1995PTC074977 | Previous |
| U74899DL1995NPL074977 | Previous |
Contact details
Taru Development Initiatives Foundation's registered office is in Ahmedabad, Gujarat. Its website is taru.org. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered AddressBlock – A Office No. 608 Mondeal Hights Nr. Panchratna Party Plot S. G. Highway, Ahmedabad, Gujarat, India – 380051
- IndustryTravel and Hospitality, Consumer Professional Services
To see the full contact details of Taru Development Initiatives Foundation, 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
Business activity
The main business activity of Taru Development Initiatives Foundation is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Taru Development Initiatives Foundation, buy the company report.
Financials of Taru Development Initiatives Foundation
FY 2024 filings availableTaru Development Initiatives Foundation reported revenue of ₹17.12 Lakh (up 4% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue rose 4% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 2%. 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹25,287 | ||||
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| Net Profit (PAT) | ₹25,287 | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA Margin | 1.5% | ||||
| Net Profit Margin | 1.5% | ||||
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To see the full financial statements and ratios of Taru Development Initiatives Foundation, buy the company report.
Board of directors of Taru Development Initiatives Foundation
Taru Development Initiatives Foundation has 3 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Priyesh Suryakant Salunke | Director | 17 Dec 2020 | 5 Years 10 Months | Current |
| Tejas Patel | Director | 01 Jul 2019 | 7 Years 4 Months | Current |
| Binu Mathew | Director | 24 May 2012 | 14 Years 5 Months | Current |
Auditor
Taru Development Initiatives Foundation is audited by NIPUR SHAH & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| NIPUR SHAH & CO | FY 2021 | 153133W |
Shareholding
The shareholding of Taru Development Initiatives Foundation is on record for 4 financial years, the latest being FY 2021, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Taru Development Initiatives Foundation, buy the company report.
Legal cases
No court or tribunal cases involving Taru Development Initiatives Foundation 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 Taru Development Initiatives Foundation; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Taru Development Initiatives Foundation has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACT4543N1Z6 | Gujarat | Active | 10 Oct 2021 |
To see the full GST registrations and return filing status of Taru Development Initiatives Foundation, buy the company report.
Recent activity
Taru Development Initiatives Foundation has 11 board changes on record since 2008: 3 appointments and 8 cessations. The latest: Priyesh Suryakant Salunke was appointed as Director on 17 Dec 2020.
2 earlier events are in the company report.
Frequently asked questions
Taru Development Initiatives Foundation is an active private not for profit company based in Ahmedabad, Gujarat, India. The company works in consumer professional services, within the travel and hospitality industry. It was incorporated on 28 December 1995 (31+ years old) and is registered under CIN U74899GJ1995NPL128552.
Taru Development Initiatives Foundation has 3 current directors:
- Priyesh Suryakant Salunke - Director
- Tejas Patel - Director
- Binu Mathew - Director
The latest financial statements of Taru Development Initiatives Foundation on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Taru Development Initiatives Foundation is 24AAACT4543N1Z6, registered in Gujarat.
The CIN (Corporate Identification Number) of Taru Development Initiatives Foundation is U74899GJ1995NPL128552. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Taru Development Initiatives Foundation was incorporated on 28 December 1995, making it 31+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Priyesh Suryakant Salunke was appointed as Director on 17 Dec 2020. Gopala Krishna Bhat ceased to be Director on 15 Jul 2019. Tejas Patel was appointed as Director on 01 Jul 2019. Taru Development Initiatives Foundation has 11 board changes on record in total.
Taru Development Initiatives Foundation can be reached through the website taru.org. Its registered office is in Ahmedabad, Gujarat, India.
The registered office of Taru Development Initiatives Foundation is at Block – A Office No. 608 Mondeal Hights Nr. Panchratna Party Plot S. G. Highway, Ahmedabad, Gujarat, India – 380051.
Taru Development Initiatives Foundation operates in the travel and hospitality industry, in the consumer professional services segment.
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