DPIIT recognised startup Government of India
Startup India
Teeglobal Accelerator for Innovation Network - business outsourcing in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹21.78 Lakh
▼ 50% YoY
Net loss · FY 2024
₹16.09 Lakh
Net margin -73.9%
EBITDA · FY 2024
-₹15.61 Lakh
EBITDA margin -71.7%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
8 yrs
Est. 2018
Directors on board
2
As per MCA filings
Active GSTINs
1
GST registered
About Teeglobal Accelerator for Innovation Network
Data last updated:
Teeglobal Accelerator for Innovation Network is a private not for profit company based in Bangalore, Karnataka, India, recognised as a startup by DPIIT. It operates in the business and IT consulting segment of the business process outsourcing sector. It was incorporated on 22 March 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74999KA2018NPL111518. Its GSTIN is 29AAGCT6861P1ZD (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Teeglobal Accelerator for Innovation Network Private Limited. It is led by directors Bandaru Venkaiah Naidu and Krishna Prasad Mikkilineni.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 44/A Datta Prabhas 1st Main Road 3rd Phase Jp Nagar, Bangalore, Karnataka, India – 560078.
As per the financials filed for FY 2024, the company reported a revenue of ₹21.78 Lakh, a decline of 50% compared to the previous year. For the same year it recorded a net loss of ₹16.09 Lakh (net margin -73.9%) and EBITDA of -₹15.61 Lakh (EBITDA margin -71.7%). Revenue has declined at a compounded annual rate (CAGR) of 52% over three years and 20% over five years.
The company is associated with 1 brand: The Gain.
For more details, the company can be reached via its website thegain.in.
Company details
CIN U74999KA2018NPL111518
Registration Number 111518
Incorporation Date 22 March 2018
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
DPIIT Recognition Recognised Startup
CIN history
Teeglobal Accelerator for Innovation Network has one previous CIN (Corporate Identification Number): U74999KA2018PTC111518. The current CIN is U74999KA2018NPL111518, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74999KA2018NPL111518 | Current |
| U74999KA2018PTC111518 | Previous |
Recognitions & Rankings of Teeglobal Accelerator for Innovation Network
Contact details
Teeglobal Accelerator for Innovation Network's registered office is in Bangalore, Karnataka. Its website is thegain.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address44/A Datta Prabhas 1st Main Road 3rd Phase Jp Nagar, Bangalore, Karnataka, India – 560078
- IndustryBusiness Outsourcing, Business & IT Consulting
To see the full contact details of Teeglobal Accelerator for Innovation Network, buy the company report.
Comprehensive company report
Teeglobal Accelerator for Innovation Network - 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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Brands
Teeglobal Accelerator for Innovation Network operates one associated brand: The Gain. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Global acceleration for tech startups focusing on innovation and scaling. | thegain.in |
Business activity
The main business activity of Teeglobal Accelerator for Innovation Network is information and communication. In detail, this covers other information & communication service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Teeglobal Accelerator for Innovation Network, buy the company report.
Financials of Teeglobal Accelerator for Innovation Network
FY 2024 filings availableTeeglobal Accelerator for Innovation Network reported revenue of ₹21.78 Lakh (down 50% YoY) for FY 2024.
Revenue · FY 2024
₹21.78 Lakh ▼ 50%
Net loss · FY 2024
₹16.09 Lakh margin -73.9%
EBITDA · FY 2024
-₹15.61 Lakh margin -71.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 50%
3 years · compounded
▼ 52%
5 years · compounded
▼ 20%
EBITDA CAGR growth
1 year
▲ 51%
3 years · compounded
▼ 107%
5 years · compounded
▲ 1%
Revenue has declined at a compounded annual rate (CAGR) of 20% over five years, including a 50% fall in the latest year. EBITDA rose 51% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | -₹15.61 Lakh | ||||
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| Net Profit (PAT) | -₹16.09 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -71.7% | ||||
| Net Profit Margin | -73.9% | ||||
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To see the full financial statements and ratios of Teeglobal Accelerator for Innovation Network, buy the company report.
Board of directors of Teeglobal Accelerator for Innovation Network
Teeglobal Accelerator for Innovation Network has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bandaru Venkaiah Naidu | Director | 22 Mar 2018 | 8 Years 7 Months | Current |
| Krishna Prasad Mikkilineni | Director | 04 May 2020 | 6 Years 6 Months | Current |
Auditor
Teeglobal Accelerator for Innovation Network is audited by KPMS & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KPMS & ASSOCIATES | FY 2023 | 012090S |
Shareholding
The shareholding of Teeglobal Accelerator for Innovation Network is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Teeglobal Accelerator for Innovation Network, buy the company report.
Legal cases
No court or tribunal cases involving Teeglobal Accelerator for Innovation Network 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 Teeglobal Accelerator for Innovation Network; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Teeglobal Accelerator for Innovation Network has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAGCT6861P1ZD | Karnataka | Active | 09 Apr 2018 |
To see the full GST registrations and return filing status of Teeglobal Accelerator for Innovation Network, buy the company report.
Recent activity
Teeglobal Accelerator for Innovation Network has 5 board changes on record since 2018: 2 appointments and 3 cessations. The latest: Krishna Prasad Mikkilineni ceased to be Additional Director on 02 Nov 2020.
AGM
Teeglobal Accelerator For Innovation Network last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Teeglobal Accelerator For Innovation Network has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Ceased
Krishna Prasad Mikkilineni ceased to be Additional Director.
Ceased
Poornima Shenoy ceased to be Director.
Appointed
Krishna Prasad Mikkilineni was appointed as Director.
Ceased
Bandaru Venkaiah Naidu ceased to be Director.
Appointed
Bandaru Venkaiah Naidu was appointed as Director.
Incorporation
22 Mar 2018
Teeglobal Accelerator For Innovation Network was registered on 22 Mar 2018 with Roc Bangalore & aged 8 years 7 months as per MCA records.
Frequently asked questions
Teeglobal Accelerator for Innovation Network is an active private not for profit company based in Bangalore, Karnataka, India. The company works in business and IT consulting, within the business outsourcing industry. It was incorporated on 22 March 2018 (8+ years old) and is registered under CIN U74999KA2018NPL111518.
Teeglobal Accelerator for Innovation Network has 2 current directors:
- Bandaru Venkaiah Naidu - Director
- Krishna Prasad Mikkilineni - Director
The latest financial statements of Teeglobal Accelerator for Innovation Network on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2018 are in the company report.
The GSTIN of Teeglobal Accelerator for Innovation Network is 29AAGCT6861P1ZD, registered in Karnataka.
The CIN (Corporate Identification Number) of Teeglobal Accelerator for Innovation Network is U74999KA2018NPL111518. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Teeglobal Accelerator for Innovation Network was incorporated on 22 March 2018, making it 8+ years old. It is registered with the Registrar of Companies, Bangalore.
Krishna Prasad Mikkilineni ceased to be Additional Director on 02 Nov 2020. Poornima Shenoy ceased to be Director on 19 May 2020. Krishna Prasad Mikkilineni was appointed as Director on 04 May 2020. Teeglobal Accelerator for Innovation Network has 5 board changes on record in total.
Yes, Teeglobal Accelerator for Innovation Network is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Teeglobal Accelerator for Innovation Network can be reached through the website thegain.in. Its registered office is in Bangalore, Karnataka, India.
The registered office of Teeglobal Accelerator for Innovation Network is at 44A Datta Prabhas 1st Main Road 3rd Phase Jp Nagar, Bangalore, Karnataka, India – 560078.
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