Madeit Innovation Foundation

Design-driven tech incubator with funding, mentorship, and industry connections.

2016 | Kanchipuram, Tamil Nadu (India) | Active
Last Updated: January 11, 2025

Madeit Innovation Foundation Profile

Key Indicators

  • Company Age 8 Year, 6 Months
  • Last Filing with ROC 31 Mar 2024
  • Revenue Growth 20.84%
  • Profit Growth 31.23%
  • Ebitda 52.65%
  • Net Worth 4.01%
  • Total Assets 3.84%

About Madeit Innovation Foundation

Madeit Innovation Foundation (MIF) is a registered startup operating as a Private Not For Profit Company incorporated in India on 10 August 2016 (Eight years and six months 14 days old ). Its registered office is in Kanchipuram, Tamil Nadu, India.

The Company is engaged in the Business Services Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 0.00 and a paid-up capital of Rs 0.00, as per Ministry of Corporate Affairs (MCA) records.

Padma Parthasarathy, Vellapakkam Somasekhar, Machavaram Kartikeyan, and Three other members serve as directors at the Company.

Company Details

  • Location

    Kanchipuram, Tamil Nadu, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    madeit.iiitdm.ac.in

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U74999TN2016NPL111889

  • Company No.

    111889

  • Company Classification

    Private Not For Profit Company

  • Incorporation Date

    10 Aug 2016

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Chennai

Industry

Business Services

Who are the key members and board of directors at Madeit Innovation Foundation?

Board Members (6)

NameDesignationAppointment DateStatus
Gangadharan Venkatesh Country flag representing In Director 09-Dec-2023Current
Padma Parthasarathy Country flag representing In Director 09-Dec-2023Current
Vellapakkam Somasekhar Country flag representing In Director 09-Dec-2023Current
Machavaram Kartikeyan Country flag representing In Director 15-Mar-2023Current
Sekar Ganesan Country flag representing In Director 08-Mar-2024Current
Sudhir Varadarajan Country flag representing In Director 10-Aug-2016Current

Financial Performance of Madeit Innovation Foundation.

Madeit Innovation Foundation, for the financial year ended 2022, experienced significant growth in revenue, with a 20.84% increase. The company also saw a substantial improvement in profitability, with a 31.23% increase in profit. The company's net worth moved up by a moderate rise of 4.01%.

Graph illustrating revenue growth over time
Graph showing profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
20.84%
Revenue from Operations
34.38%
Total Assets
3.84%
Profit or Loss
31.23%
Net Worth
4.01%
EBITDA
52.65%

What is the Ownership and Shareholding Structure of Madeit Innovation Foundation?

Unlock access to Madeit Innovation Foundation's control and ownership data, Corporate Shareholding Patterns, Funding (security allotment) details, Foreign Institutional Investor information, Directors and Key Management Personnel (KMP) Remuneration, Group Structure, Overseas Direct Investment and other pertinent data.

Shareholding Indicator graph

Charges (Loans)

Placeholder for charges-related data

There are no open charges registered against the company as per our records.

How Many Employees Work at Madeit Innovation Foundation?

Unlock and access historical data on people associated with Madeit Innovation Foundation, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Madeit Innovation Foundation, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Madeit Innovation Foundation's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Madeit Innovation Foundation

Recent activity within the organization

  • Annual General Meeting

    Madeit Innovation Foundation last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

    30 Sep 2024

  • Balance Sheet

    Madeit Innovation Foundation has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chennai.

    31 Mar 2024

  • Director Appointment

    Sekar Ganesan was appointed as a Director was appointed as a Director on 08 Mar 2024 & has been associated with this company since 11 months 16 days .

    08 Mar 2024

  • Director Appointment

    Padma Parthasarathy was appointed as a Director was appointed as a Director on 09 Dec 2023 & has been associated with this company since 1 year 2 months .

    09 Dec 2023

  • Director Appointment

    Vellapakkam Ganapathy Somasekhar was appointed as a Director was appointed as a Director on 09 Dec 2023 & has been associated with this company since 1 year 2 months .

    09 Dec 2023

  • Director Appointment

    Gangadharan Venkatesh was appointed as a Director was appointed as a Director on 09 Dec 2023 & has been associated with this company since 1 year 2 months .

    09 Dec 2023

Frequently asked questions

  • Madeit Innovation Foundation was incorporated on 10 Aug 2016.

  • The authorized share capital of Madeit Innovation Foundation is ₹ 0.00 and paid-up capital is ₹ 0.00.

  • Currently 6 directors are associated with Madeit Innovation Foundation.

    • Padma Parthasarathy
    • Vellapakkam Ganapathy Somasekhar
    • Machavaram Venkata Kartikeyan
    • Sekar Ganesan
    • Sudhir Varadarajan
    • Gangadharan Venkatesh
  • As per Ministry of Corporate Affairs (Mca), the registered address of Madeit Innovation Foundation is 3Rd Floor, New Academic Block Iiitdm India, Kancheepuram, Tamil Nadu, 600127.

  • The corporate identification number (CIN) of Madeit Innovation Foundation is U74999TN2016NPL111889 and the company number is 111889 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Madeit Innovation Foundation is https://www.madeit.iiitdm.ac.in

  • According to the financial reports for the fiscal year 2022, the revenue trend for Madeit Innovation Foundation has risen by 20.84%.

  • The financial reports for the fiscal year 2022 indicates that The net worth of Madeit Innovation Foundation has experienced an upsurge of 4.01%.

  • The most recent Balance Sheet for Madeit Innovation Foundation was filed with the ROC on 31 Mar 2024.

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