India’s Goods and Services Tax (GST) collections in April 2025 touched an all-time monthly high of INR 2,36,716 crore. This is not only the first time collections have exceeded INR 2.2 lakh crore in a month; it also eclipsed the previous best of INR 2,23,305 crore collected in March this year. Moreover, we haven’t even seen the collections settle at these amounts; we are seeing the Gross GST Collections rising at a decent CAGR of 14.6%, hitting the INR 9.66 lakh crore mark in the FY ending March 2025.
Reason Behind Hike in GST Collections
Well, the domestic consumption and import activity is really what accounts for this. Domestic consumption has really taken off, as goods and services are being consumed and demanded like never before, and that’s leading to ripple effects through the economy as well. GST accounts for a significant share of annual revenue, making up 16.5 percent of the total.
This is because it is a tax that is paid by practically everyone, is collected in large amounts, and has a very even flow throughout the year. Still, it seems quite clear that there was also a spike in GST collection in the past month. The government collected 1.75 lakh crore in goods and service tax (GST) for April 2023, which is an unprecedented increase and certainly much higher than expectations.
India’s economic fabric and the effectiveness of cooperative federalism are resilient. Tax specialists think that the uniformity of policy implementation and the error-free coordination of central and state governments have made conditions ripe for much better compliance and reporting. They say that the federal government is taking the right steps, especially digitalization and oversight that is more driven by analytics than by people, to make tax evasion less likely and tax revenue much more likely.
Global Trade and Policy Measures Provide a Boost
April’s top bright spot for collection performance was high-profile growth in export activity, especially U.S.-bound shipments. Those surged in advance of expected reciprocal tariffs. So not only was this good for overall business volumes, but it was also splendid for GST since the way the math works is that profit leads to payments that lead to nice settlements.
The government has decided to expedite refunds of the GST , especially for exports and refunds to medium and small enterprises (MSMEs). This has relieved working capital pressures across many industries. Despite the rising outflows of refund money, these experts believe that the liquidity infused into businesses will help consumers.
Growth in GST was seen all over, with most of the major producing and consuming states recording strong double-digit increases. States like Uttar Pradesh, Gujarat, Maharashtra, Karnataka, and Tamil Nadu, each with over 10 lakh GST registrations, drove collections in a big way.
According to a significant update, the Indian government intends to impose the Goods and Services Tax (GST) on transactions made through the Unified Payments Interface (UPI) that exceed INR 2,000. Since UPI is now widely used in daily life, from paid professionals to street vendors, people across the country are alarmed by this proposed change. If put into effect, this new UPI rule would significantly impair regular digital payments. Especially for middle-class households, freelancers, and small enterprises that depend on UPI for cost-free and convenient transfers. A proposal to impose GST on UPI transactions exceeding Rs 2,000 in a single payment is presently being examined by the government. This approach could increase GST revenues by bringing high-value digital transactions into the official tax system.
Overview of New UPI Rules
According to a recent government plan, digital transactions above INR 2,000 may soon be liable to GST. Peer-to-peer transfers and payments to merchants are anticipated to be impacted by the rule. These transactions may be subject to the regular 18% GST rate, which is typical for digital services, if authorised. The proposal is still being reviewed, and the implementation schedule is still pending.
How it will Impact Users and Business Owners
Costs associated with regular UPI payments for necessities like food, shopping, and eating may increase. Users may start dividing larger payments into smaller ones in order to avoid the INR 2,000 threshold. Users will need to pay closer attention to transaction values and any additional fees associated with GST. Companies that frequently receive sizable UPI payments would need to register for GST. This could result in additional paperwork and stress for independent contractors and small sellers who are not yet covered by the GST system. Many may raise their pricing a little to cover the additional tax.
Why GST was Implemented?
The Goods and Services Tax is referred to as GST. It is an indirect tax that has taken the place of other indirect taxes in India, including services tax, VAT, and excise duty. On March 29, 2017, the Parliament passed the Goods and Service Tax Act, which became operative on July 1st. Stated differently, the provision of goods and services is subject to the Goods and Service Tax (GST). Every value addition is subject to the comprehensive, multi-stage, destination-based Goods and Services Tax Law in India. GST is a single domestic indirect tax law that applies to the entire nation after absorbing the majority of indirect taxes. Every point of sale is subject to taxation under the GST scheme. Both Central GST and State GST are applied to intrastate sales. The integrated GST is charged for all interstate sales.
This article has been contributed by Cheruku Srikanth, Founder & CEO, Digital CFO.
The Goods and Services Tax (GST), introduced on July 1, 2017, replaced multiple indirect taxes such as VAT, service tax, and excise duty. As a multi-stage, destination-based tax, GST has four slabs – 5%, 12%, 18%, and 28% – depending on the nature of goods and services.
Over the years, GST collections have grown steadily, bringing fiscal stability, increased transparency, and a stronger tax base. With Budget 2025-26 introducing key amendments, GST compliance and revenue collection are expected to improve further. This article looks at the impact of rising GST collections, what drives compliance, and how simplification can encourage more businesses to participate.
How Higher GST Collections Benefit the Economy
A rise in GST collections directly impacts India’s fiscal and economic health. The benefits include:
Higher Tax Revenue:
More GST revenue allows the government to fund infrastructure, public services, and welfare programs while managing fiscal deficits.
Economic Stability:
A rise in collections signals higher consumption and production, reflecting a healthy business environment.
Lower Fiscal Deficit:
Steady revenues reduce the need for external borrowing, improving the country’s financial position.
Better Infrastructure Spending:
Increased revenues enable more investments in roads, railways, healthcare, and education, creating jobs and economic growth.
More Businesses in the Formal Economy:
GST has brought more enterprises under the tax net, improving compliance and financial planning.
Easier Business Operations:
Higher compliance reduces tax evasion and streamlines administration, making India more attractive for investment.
Inflation Concerns:
While GST revenue growth is positive, higher tax rates or compliance costs can push up prices, particularly affecting small businesses and essential goods.
Several factors have contributed to better compliance and increased tax revenues:
Technology Adoption:
E-invoicing, automated tax filing, and AI-driven reconciliation tools have helped reduce evasion.
Stronger Enforcement:
Heavy penalties, late payment interest, and cancellation of GST registration ensure businesses comply.
E-Way Bills and Invoice Matching:
Tracking goods movement and matching invoices between buyers and sellers ensures that only genuine tax credits are claimed.
Simplified Filing Process:
The QRMP scheme (Quarterly Return Monthly Payment) has eased compliance for small businesses, while ERP software integration has streamlined tax returns.
Increased Awareness:
MSME outreach programs, tax workshops, and digital education have improved compliance levels.
Economic Growth and Digital Transactions:
The rise of e-commerce and digital payments has expanded the tax base, making evasion harder.
Tax Rate Adjustments:
Lower GST on essential goods encourages voluntary compliance.
Government Incentives:
Faster GST refunds, easier credit claims, and compliance-linked loan benefits motivate businesses to follow regulations.
The Need for Simplified GST Compliance
Despite improvements, GST compliance remains complicated for many businesses. Key challenges include:
Multiple tax slabs (5%, 12%, 18%, 28%) leading to confusion.
Input Tax Credit (ITC) mismatches cause compliance delays.
Multiple return filings (GSTR-1, GSTR-3B, GSTR-9) add to the workload.
Simplifying GST processes will encourage more businesses to register and file returns correctly. Benefits include:
More voluntary compliance due to reduced complexity.
Fewer errors and tax penalties.
Easier ITC claims, improving cash flow.
Integration with ERP and automated tax filing systems to make compliance hassle-free.
Budget 2025-26: Key GST Reforms
The latest budget has introduced several changes to improve compliance and trade facilitation:
ITC for Input Service Distributors (ISD):
From April 1, 2025, ISD can distribute ITC on inter-state reverse charge transactions, helping businesses with centralised procurement.
Clarity on SEZ and FTWZ Transactions:
Goods stored in Special Economic Zones (SEZs) and Free Trade Warehousing Zones (FTWZs) will not be classified as supply, reducing tax disputes.
GST Slab Restructuring:
The government is working on simplifying tax slabs to reduce compliance costs for businesses, especially SMEs.
Track and Trace Mechanism:
A new Unique Identification Marking system will improve supply chain transparency, benefiting high-value industries.
ITC for Immovable Property:
A retrospective amendment allows businesses to claim ITC on property-related investments, including plant and machinery.
Mandatory Pre-Deposit for Penalty Appeals:
Businesses appealing GST penalties must pay a 10% pre-deposit, ensuring a more structured dispute resolution process.
Return Filing Conditions:
New regulations will set conditions for GST return filing, improving transparency and compliance.
Conclusion
GST has played a key role in improving tax compliance and formalising India’s economy. While progress has been made, issues like complex return filing and ITC mismatches still need attention. The reforms announced in Budget 2025-26 aim to simplify compliance, reduce business burdens, and create a more efficient tax system.
With increasing digitisation and AI-driven tax compliance tools, automation will play a critical role in improving collections and making GST compliance easier. As policies evolve, India is set to create a more business-friendly GST framework that balances revenue growth with economic ease.
A penalty notice of INR 17.35 lakh has been issued to travel tech giant Easemytrip for allegedly breaking GST regulations. In a filing, the company stated that it has been notified that it has received an order from the Sales Tax Officer Class II/AVATO Delhi, State/UT: Delhi, dated February 24, 2025. The listed firm has taken advantage of the ineligible input tax credit (ITC) for the fiscal year 2020–21, according to the authority. The Delhi Goods and Services Act of 2017, the Central Goods and Service Tax Act of 2017, and the Integrated Goods and Service Tax Act of 2017 all impose penalties on EMT. In addition, the business plans to challenge the order.
EaseMyTrip’s Order Book and Expansion Spree
The business won the first intercity electric bus tender from the Madhya Pradesh government through its subsidiaries, YoloBus and Easy Green Mobility. By 2026, the business hopes to have 1,000 buses in service, having deployed 500 in 2025. EaseMyTrip also established Easy Trip Planners Do Brasil Ltda, a wholly owned subsidiary, in Brazil earlier this month. Due to a decline in its top line, EaseMyTrip’s profit after tax (PAT) dropped by almost 26% to INR 34.02 Cr in the third quarter of FY25 from INR 45.68 Cr in the same quarter last year. Additionally, its operational revenue decreased from INR 160.78 Cr in the same quarter last year to INR 150.56 Cr in the December quarter, a 6% decrease.
On-going Developments in the Firm
Following the resignation of former CEO Nishant Pitti last month, the publicly traded travel technology company has experienced a significant reorganisation in its senior management. Pitti diluted his 1.41% ownership in the firm, or 5 Cr shares, before he resigned. This is not the first time Pitti has sold off company stock. Through several block agreements, he sold 24.65 Cr of the startup’s shares in September 2024 for INR 920 Cr. Additionally, the company recently received board clearance to raise INR 234.03 Cr from seven investors through a preferential equity share offering.
About EaseMyTrip
EaseMyTrip.com is one of the biggest online travel agencies in India, having been founded in 2008. The company was founded by brothers Nishant, Rikant, and Prashant with the goal of streamlining operations and using the least amount of cash. It was inspired by their previous business, Duke Travel. Starting out in a tiny room, the firm surmounted obstacles with perseverance and family support to become a strong organisation that guarantees financial stability. By implementing a “no convenience fee” policy and switching to a customer-facing approach in 2011, the brand was able to build a devoted clientele through open pricing and first-rate service.
The Haryana GST authorities have issued a demand order for INR 89.8 lakh to online travel aggregator ixigo. ixigo stated in an exchange filing that it was sent a demand notice by the assistant commissioner of Gurugram, Haryana, requesting that it pay INR 89.9 lakh in GST. In addition, the business has been ordered to pay INR 89.9 lakh in penalties and the relevant interest on this sum.
The company’s previous “export of services alleged as intermediary services” is the subject of the order. ixigo stated that it will appeal the order to the relevant authority. The exchange company said in a filing that it thinks it has a compelling case based on the facts. An appeal against the order will be submitted by the corporation to the relevant body.
GST Putting its Scanner on New Tech Firms
This occurs at a time when several cutting-edge tech firms have just received GST demand notices. One97 Communications, the parent company of Paytm, was hit with an INR 1.19 Cr fine on February 4. Vijay Shekhar Sharma, the founder and CEO of Paytm, was also fined INR 59.94 lakh. Paytm claimed to have received a GST demand notice for INR 3.73 Cr on the same day, coupled with an equal penalty and interest.
The food delivery giant Zomato, founded by Deepinder Goyal, most recently reported that the GST authorities have withdrawn a demand for INR 5.91 crore. The Additional Commissioner of CGST, Gurugram, made the demand, which covered the July 2017–March 2021 period and contained a penalty of INR 5.91 crore with interest.
Due mostly to tax charges, ixigo earlier this month reported a 49% drop in its consolidated net profit from INR 30.65 Cr in the year-ago quarter to INR 15.54 Cr in the third quarter of FY25.
Financial Outlook ixigo
The operating revenue of the travel tech platform increased 42% from INR 170.55 Cr in Q3 FY24 to INR 241.76 Cr in the reviewed quarter. Additionally, the business distributed 10.58 lakh equity shares to qualified workers last week through a number of employee stock option plan (ESOP) programs. On the BSE, ixigo’s shares closed on February 5 trading session up 2.79% at INR 158.25.
The Central Goods and Services Tax (CGST) Department has penalised the fintech business Paytm and its CEO, Vijay Shekhar Sharma, for allegedly failing to issue tax bills to its clients in a compliant manner. Sharma was penalised INR 59.94 lakh for the penalty, while One97 Communications, the company that runs the Paytm brand, was fined INR 1.19 crore.
The Noida-based business stated that it was considering all of its options, including appealing the Joint Commissioner, CGST Delhi North’s ruling. According to Paytm’s official statement, the business is considering all of its options, including appealing the order, and feels that the penalty demand cannot be maintained based on its evaluation and professional counsel.
Earlier, RBI Also Imposed Penalty on Paytm
The company’s affiliated entity, Paytm Payments Bank, was fined INR 5.39 crore by the Reserve Bank of India (RBI) in October 2023 for a number of violations, including Know Your Customer (KYC) regulations.
In the third quarter of the fiscal year 2025 (Q3FY25), the company’s losses decreased from INR 219.8 crore in Q3FY24 to INR 208.3 crore. The loss comes after the company recorded a profit of INR 928.3 crore for the September quarter, which was primarily driven by the sale of its movie and ticketing business to Zomato.
Sharma Positive for Business Operations in 2025
Regarding the company’s financial future, Sharma told a media outlet that the company is determined to turn a profit the following quarter—EBITDA before ESOP. He continued by saying that the company’s substantial cash reserves and cost-effective cost structure are key factors in the company’s impending profitability.
Sharma voiced hope about regaining lost ground regarding Paytm‘s market share in the UPI ecosystem, which has significantly decreased to 5.5%. “We weren’t allowed to onboard at all,” he explained, attributing the fall to regulatory obstacles rather than problems with trust. The regulatory understanding caused us to halt our operations. After that, I’m thrilled that we’re gaining millions of new clients without spending any money on marketing.”
Sharma outlined a well-defined recovery plan that prioritised product innovation and increased UPI ecosystem engagement. “It’s a product gap, deeper integration into the UPI ecosystem, and more merchant acquisition, which creates a flywheel that will bring our consumer back,” he stated. Sharma pointed out that Paytm has a competitive advantage thanks to its robust product features and well-known brand.
Paytm Looking to Expand Its Market Share
Regarding market share, Sharma said that it must increase rationally and that there is a network impact at the same time. “The major thing is still bigger, and there is a small amount; we could attract more clients if we could add additional features and services. Retaining customers is more about the qualities of the product and how it fits into their life. I can assure you that the best part is that our brand remembers the features and the service; if we can restore them, market share will return,” he added.
The Directorate General of GST Intelligence Headquarter (DGGI-HQ) has been given authority by the Indian government to direct intermediaries to disable the websites of online gaming enterprises accused of tax evasion. The government has designated the Additional/Joint Director (Intelligence) as the nodal officer for the assignment, according to a notice published in the Ministry of Finance’s gazette.
Section 14A(3) of the Integrated Goods and Services Tax Act, 2017 gives the DGGI-HQ the authority to block any “information generated, transmitted, received, or hosted in any computer resource” that an online gaming company that has not paid taxes has used. This covers businesses based outside of India.
Clause (b) of sub-section (3) of section 79 of the Information Technology Act, which imposes liability on intermediaries for failing to block or remove content upon government orders, is also cited in the notification. The material Technology (Guidelines for Intermediaries and Digital Media Ethics Code) Rules’ clause (d) of subrule (1), which forbids intermediaries from keeping illegal material, is also included.
The government’s intention is to thwart tax-evading foreign gambling platforms by instructing intermediaries, such as search engines and social media platforms, to halt their online operations in India, according to the gazette notification.
Sector Evaded Taxes Worth INR 81,875 Crore in FY24
Earlier this year, the DGGI declared that the largest amount of GST evasion in the fiscal year 2023–2024 was caused by the online real money gaming industry. In FY24, the sector avoided paying taxes totalling INR 81,875 crore in 78 cases. The distinction between “real money online gaming” and gambling was effectively eliminated when the government raised the GST on real money online gaming from 18% to 28% earlier in 2023.
Numerous businesses received extensive tax evasion warnings dating back to prior fiscal years when the legislation went into effect on October 1, 2023. According to reports, Delta Corp received a notice of INR 16,822 crore for the period of July 2017 to March 2022, while Dream Sports received claims ranging from INR 25,000 to INR 40,000 crore.
Finance Minister Nirmala Sitharaman later disclosed that within six months of the raise, tax receipts from the sector had increased fivefold. From October 2023 to March 2024, collections increased 412% to INR 6,909 crore from INR 1,349 crore.
Government Under Strong Criticism
The industry protested the tax hike, which was a highly contentious move. In a letter to the government, more than 100 skill-gaming businesses claimed that it would “reverse the growth trajectory of the industry.” According to the letter, the GST will incentivise offshore gambling operators, attract Indian customers to them, and ultimately result in neither the expansion of the legal industry nor the best possible revenue collection.
On December 21, Finance Minister (FM) Nirmala Sitharaman made it clear that the 5% goods and services tax (GST) rate will remain applied to new electric cars (EVs). However, the FM also stated that used EV sales between private parties will continue to be GST-exempt. FM While speaking to the media after the 55th GST Council meeting in Jaisalmer, Rajasthan, Sitharaman made the remarks. She also mentioned that outdated EVs that are purchased by businesses (or modified by sellers) and subsequently sold will be subject to an 18% tax. The difference between the purchase and sale prices will be subject to the GST rate. At the moment, new EVs are subject to a 5% GST tax, while used and aged EVs are subject to a 12% tax.
The market for old cars has expanded dramatically in recent years. In 2023–2024, the industry is expected to have sold more than 5 million units. Better financing alternatives and the emergence of certified pre-owned programs from OEMs such as Maruti Suzuki’s True Value, Mahindra & Mahindra’s First Choice, and Volkswagen certified pre-owned, as well as online startups like Spinny and Cars24, helped propel this market’s growth.
Decision Taken After a Discussion Among Council Members
The decision to impose 18% GST on used EVs was not decided arbitrarily, FM Sitharaman told the media, adding that the GST Council members had extensive deliberations before reaching a final decision. However, stating that more research was necessary, the Council postponed making a decision on the tax rates for food delivery services like Swiggy and Zomato. Foodtech giants seem to have been negatively impacted by the delay, as recent reports suggested that the Fitment Panel was considering reducing the tax levy on food delivery charges from 18% to 5%. Whether the tax should be applied to the meal item or the delivery service, and whether the rate should be 5% or 18%, were the main topics of discussion within the GST Council, according to reports. Nevertheless, no agreement was made, which resulted in the postponement.
Clarity on Payment Aggregators
The GST Council clarified payment aggregators as well, declaring that aggregator-processed transactions under INR 2,000 would not be subject to GST. Fintech businesses and payment gateways that don’t settle money, however, won’t be covered by the exemption. Notably, this comes after rumours circulated that the Council was considering charging payment aggregators 18% to facilitate low-value online transactions. According to the aforementioned plan, aggregators would have been charged 18% GST for handling debit and credit card transactions up to INR 2,000. In order to await feedback from the Insurance Regulatory and Development Authority of India (IRDAI), the Council also postponed discussions on health insurance changes.
According to reports, at its upcoming meeting on December 21, the Goods and Services Tax (GST) Council will discuss reducing the tax rate on online food deliveries from the current 18% to 5%. According to reports cited by a media outlet, foodtech businesses will not be able to claim the input tax credit (ITC) for delivery fees. According to the report, the Council’s Fitment Committee intends to suggest lowering the GST rates, which would take effect on January 1, 2022. By doing this, the government seems to have heeded the demands of foodtech platforms to lower GST on delivery fees and level the playing field with eateries.
The Move will Provide Breather to Zomato and Swiggy
For Zomato and Swiggy, which have been struggling under the weight of numerous GST notices, a decrease in GST rates will bring much-needed respite and clarity. The proposed action is noteworthy since it comes days after Maharashtra’s GST authorities ordered foodtech giant Zomato to pay INR 804 Cr, including taxes and penalties, for failing to pay certain taxes between 2019 and 2022. In addition, earlier this year, the company received several GST demand notices from Gujarati, Karnataka, and Haryana officials. Swiggy, its fiercest competitor, may also owe INR 326.7 Cr in GST, according to its most recent draft red herring prospectus (DRHP), which was submitted to SEBI prior to becoming public. The news follows Zomato’s November inaugural qualified institutional placement (QIP), which garnered INR 8,500 Cr (about $1 billion).
Recent Developments of Swiggy and Zomato
In October, Swiggy introduced Bolt, a speedy delivery service that promises to bring meals to consumers in as little as ten minutes. This project, which has begun in a few locations, attempts to satisfy the growing customer demand for meal delivery that is quick, tasty, and convenient.
Today Customers are purchasing a wide variety of goods, and food delivery is no exception. Customers simply fall for products more quickly. Whatever the food is, it makes no difference. During the September earnings call, Rohit Kapoor, CEO of Swiggy’s Food Marketplace, stated that the business believes Bolt is a major bet here. With a ‘Buy’ recommendation and a 20% upside potential, Axis Capital began covering Swiggy on December 16 with a target price of INR 640 per share. According to the broking, Swiggy, the second-biggest qcom/food delivery company in India, offers an alluring investment opportunity.
Swiggy launched ‘One BLCK’ a few days ago, offering customers an invite-only membership for an “elevated” experience that included an On-Time Guarantee and quicker delivery for all food orders. All of the advantages of the current Swiggy One membership, such as unlimited free deliveries on both food delivery and Instamart, as well as special member-only discounts on food delivery and dineout, would also be available to One BLCK members, according to Swiggy.
In an intensified effort to increase food delivery, Zomato has been concentrating on shortening delivery times and expanding restaurant availability. Zomato claimed to have observed an increase in platform usage since delivery times have decreased and food has arrived more quickly.
Brainbees Solutions Limited, the parent company of the well-known e-commerce platform FirstCry, announced on November 10, 2024, that a GST department inspection that started on November 6 had completed.
The business said in a report to the stock exchanges that it answered all of the questions posed and cooperated completely with the authorities. According to Brainbees, inconsistencies in previous fiscal years’ GST forms resulted in a payment of INR 1.74 crore, including interest.
Discrepancies Between GSTR-3B and GSTR-2A GST Return
The Assistant Commissioner of State Tax, Mumbai, Investigation-C, oversaw the four-day GST inspection, which started on November 6 and ended on November 10, 2024. It concentrated on claimed discrepancies between GSTR-3B and GSTR-2A GST return files for the fiscal years 2018–19, 2019–20, 2020–21, and 2022–23.
The GST implications of FirstCry‘s IPO-related expenses were also carefully examined throughout the inspection, with particular attention paid to how costs incurred during the issue of additional shares were handled. The business insisted that all problems were completely fixed and said it gave sufficient justifications to allay these worries.
Reassurance of Uninterrupted Operations and Collaboration
During the inspection, Brainbees reinforced that it complied with all information requests and underlined its complete cooperation with GST inspectors. Aside from the settlement’s financial impact, the corporation reassured stakeholders that the inspection had no negative effects on its business operations.
According to Brainbees’ official statement, “This has not impacted the operations of the company, which are continuing as usual.” The Pune-based business is the top retailer of children’s products in India, offering a large selection of goods for parents and kids up to 12 years old both online and in-store.
The company’s official filing contained all information required by SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, in compliance with SEBI’s directive. According to the compliance statement, Brainbees promised to swiftly notify the exchanges of any new material developments pertaining to the GST probe.
The top children’s goods retailer in India, FirstCry, is run by Brainbees Solutions Limited, which has its registered office in Pune. The company is constantly growing its market share both online and in-store.
About Brainbees Solutions
In accordance with a certificate of incorporation given by the RoC, the firm was founded on May 17, 2010, as a private limited company under the Companies Act 1956, in Pune under the name “Brainbees Solutions Private Limited.” Following a resolution by the company’s board on August 31, 2023, and a resolution by its shareholders at the general meeting on September 5, 2023, the company was converted to a public limited company, and its name was changed to ‘Brainbees Solutions Limited’. Following its business’ conversion to a public limited company, the RoC issued a new certificate of incorporation on November 2, 2023.
