About Timely AI India Private Limited
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Timely AI India Private Limited is a foreign private limited company based in Pune, Maharashtra, India, a subsidiary of Memory As, Norway. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 13 December 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U72900PN2018FTC180752. Its GSTIN is 27AAMCM2939B1ZG (Maharashtra).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹95.56 Lakh. It is led by directors Mathias Mikkelsen and Anup Ravindra Nivargi.
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 S No.163/1 2A 2B/Flat No. 1103 Harsh Paradise Gold Aundh, Pune, Maharashtra, India – 411007.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.14 Cr, a decline of 14% compared to the previous year. For the same year it recorded a net profit of ₹4.93 Lakh (net margin 4.3%) and EBITDA of ₹10.95 Lakh (EBITDA margin 9.6%). Revenue has declined at a compounded annual rate (CAGR) of 15% over three years and 3% over five years.
The company is associated with 1 brand: Timely.
For more details, the company can be reached via its website memory.ai.
Company details
Contact details
Timely AI India Private Limited's registered office is in Pune, Maharashtra. Its website is memory.ai. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressS No.163/1 2A 2B/Flat No. 1103 Harsh Paradise Gold Aundh, Pune, Maharashtra, India – 411007
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Timely AI 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
Business activity
The main business activity of Timely AI India is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | 62 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Timely AI India Private Limited, buy the company report.
Financials of Timely AI India Private Limited
FY 2025 filings availableTimely AI India Private Limited reported revenue of ₹1.14 Cr (down 14% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 3% over five years, including a 14% fall in the latest year. EBITDA fell 54% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹10.95 Lakh | ||||
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| Net Profit (PAT) | ₹4.93 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | 9.6% | ||||
| Net Profit Margin | 4.3% | ||||
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To see the full financial statements and ratios of Timely AI India Private Limited, buy the company report.
Board of directors of Timely AI India Private Limited
Timely AI India has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mathias Mikkelsen | Director | 13 Dec 2018 | 7 Years 10 Months | Current |
| Anup Ravindra Nivargi Also directs: Bluelotus Software LLP | Director | 13 Dec 2018 | 7 Years 10 Months | Current |
Auditor
Timely AI India Private Limited is audited by S N J & CO for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S N J & CO | FY 2020 | 104447W |
Shareholding
The shareholding of Timely AI India Private Limited is on record for 2 financial years, the latest being FY 2020, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Timely AI India Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Timely AI India Private Limited 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 Timely AI India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Timely AI India has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAMCM2939B1ZG | Maharashtra | Active | 16 Jan 2019 |
To see the full GST registrations and return filing status of Timely AI India Private Limited, buy the company report.
Recent activity
Timely AI India Private Limited has 2 board changes on record since 2018: 2 appointments. The latest: Anup Ravindra Nivargi was appointed as Director on 13 Dec 2018.
Frequently asked questions
Timely AI India is an active foreign private limited company based in Pune, Maharashtra, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 13 December 2018 (8+ years old) and is registered under CIN U72900PN2018FTC180752.
Timely AI India has 2 current directors:
- Mathias Mikkelsen - Director
- Anup Ravindra Nivargi - Director
The latest financial statements of Timely AI India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2019 are in the company report.
The GSTIN of Timely AI India is 27AAMCM2939B1ZG, registered in Maharashtra.
The CIN (Corporate Identification Number) of Timely AI India is U72900PN2018FTC180752. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Timely AI India was incorporated on 13 December 2018, making it 8+ years old. It is registered with the Registrar of Companies, Pune.
Anup Ravindra Nivargi was appointed as Director on 13 Dec 2018. Mathias Mikkelsen was appointed as Director on 13 Dec 2018.
Timely AI India can be reached through the website memory.ai. Its registered office is in Pune, Maharashtra, India.
The registered office of Timely AI India is at S No.1631 2A 2BFlat No. 1103 Harsh Paradise Gold Aundh, Pune, Maharashtra, India – 411007.
Timely AI India operates in the information technology industry, in the IT consulting and support services segment.
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