About Vadodara Innovation Council
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Vadodara Innovation Council is a private not for profit company based in Vadodara, Gujarat, India. It operates in the educational support services segment of the education and learning sector. It was incorporated on 27 May 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U85190GJ2013NPL075292.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Ashish Chandrakant Bhavsar and Jagdishkumar Ajitray Shukla.
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 Flat No. 201 Shashwat Apartment Satyamayi Mira Society Vasna Road, Vadodara, Gujarat, India – 390015.
As per the financials filed for FY 2025, the company reported a revenue of ₹4.38 Lakh, a decline of 47% compared to the previous year. For the same year it recorded a net loss of ₹3.56 Lakh (net margin -81.3%) and EBITDA of -₹3.46 Lakh (EBITDA margin -78.9%). Revenue has declined at a compounded annual rate (CAGR) of 86% over three years and 21% over five years.
The company is associated with 1 brand: Vadodara Innovation Council.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website vicindia.org.
Company details
Contact details
Vadodara Innovation Council's registered office is in Vadodara, Gujarat. Its website is vicindia.org. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressFlat No. 201 Shashwat Apartment Satyamayi Mira Society Vasna Road, Vadodara, Gujarat, India – 390015
- IndustryEducation & Learing, Educational Support Services
To see the full contact details of Vadodara Innovation Council, 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
Vadodara Innovation Council operates one associated brand: Vadodara Innovation Council. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Promotion of innovation and community support in Vadodara. | vicindia.org |
Financials of Vadodara Innovation Council
FY 2025 filings availableVadodara Innovation Council reported revenue of ₹4.38 Lakh (down 47% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 21% over five years, including a 47% fall in the latest year. EBITDA fell 215% 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 | -₹3.46 Lakh | ||||
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| Net Profit (PAT) | -₹3.56 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 | -78.9% | ||||
| Net Profit Margin | -81.3% | ||||
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To see the full financial statements and ratios of Vadodara Innovation Council, buy the company report.
Board of directors of Vadodara Innovation Council
Vadodara Innovation Council has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashish Chandrakant Bhavsar Also directs: Aim in Med Devices LLP, Scilab Equipment LLP, Inmed Equipments Private Limited and 2 more | Director | 07 Apr 2016 | 10 Years 7 Months | Current |
| Jagdishkumar Ajitray Shukla | Director | 07 Apr 2016 | 10 Years 7 Months | Current |
Auditor
Vadodara Innovation Council is audited by VISHALKULKARNI&ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VISHALKULKARNI&ASSOCIATES | FY 2017 | 131745W |
Shareholding
The shareholding of Vadodara Innovation Council is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Vadodara Innovation Council, buy the company report.
Legal cases
No court or tribunal cases involving Vadodara Innovation Council 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 Vadodara Innovation Council; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Vadodara Innovation Council; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Vadodara Innovation Council has 6 board changes on record since 2016: 2 appointments and 4 cessations. The latest: Paresh Tulsidas Parekh ceased to be Director on 31 Aug 2019.
Frequently asked questions
Vadodara Innovation Council is an active private not for profit company based in Vadodara, Gujarat, India. The company works in educational support services, within the education and learning industry. It was incorporated on 27 May 2013 (13+ years old) and is registered under CIN U85190GJ2013NPL075292.
Vadodara Innovation Council has 2 current directors:
- Ashish Chandrakant Bhavsar - Director
- Jagdishkumar Ajitray Shukla - Director
The latest financial statements of Vadodara Innovation Council 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 2015 are in the company report.
The CIN (Corporate Identification Number) of Vadodara Innovation Council is U85190GJ2013NPL075292. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vadodara Innovation Council was incorporated on 27 May 2013, making it 13+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Paresh Tulsidas Parekh ceased to be Director on 31 Aug 2019. Ashish Chandrakant Bhavsar ceased to be Additional Director on 29 Sep 2016. Jagdishkumar Ajitray Shukla ceased to be Additional Director on 29 Sep 2016. Vadodara Innovation Council has 6 board changes on record in total.
Vadodara Innovation Council can be reached through the website vicindia.org. Its registered office is in Vadodara, Gujarat, India.
The registered office of Vadodara Innovation Council is at Flat No. 201 Shashwat Apartment Satyamayi Mira Society Vasna Road, Vadodara, Gujarat, India – 390015.
Vadodara Innovation Council operates in the education and learning industry, in the educational support services segment.
The compliance status of Vadodara Innovation Council is compliant as of 12 August 2026. The company is actively filing with the Registrar of Companies.
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