UNITED STATES

FORM 10-QSB

[ x ] Quarterly Report Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934 FOR THE QUARTERLY PERIOD ENDED JUNE 30, 2007

OR

[ ] Transition Report Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934 
For the transition period from _____________ to _____________

COMMISSION FILE NUMBER 333-142096

KRANTI RESOURCES, INC.

(Exact name of registrant as specified in its charter)



|NEVADA                                           | 98-0513655                          
|------------------------------------------------ | ------------------------------------
|(State or other jurisdiction of incorporation or | (IRS Employer Identification Number)
|organization)                                    |                                     



103-8138 120thStreet
Surrey, B.C.Canada V3W 3N4(Address of principal executive offices)

(604) 716-2274(Issuer's telephone number)

Indicate by check mark whether the registrant (1) filed
all reports required to be filed by Section 13 or 15(d) of the Exchange Act
during the preceding 12 months (or for such shorter period that the Registrant
was required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days. Yes [ x ] No [ ]

Indicate by check mark whether the registrant is a shell
company (as defined in Rule 12b-2 of the Exchange Act). Yes [ x ] No [ ]

State the number of shares outstanding of each of the issuer's
classes of common equity, as of the latest practicable date: Asat July 31,
2007 there were 3,000,000 common shares.

Transitional Small Business Disclosure Format (Check one): Yes
[ ] No [ x ]



---







PART I. FINANCIAL INFORMATION

ITEM 1. INTERIM FINANCIAL STATEMENTS

The accompanying interim unaudited financial statements of Kranti Resources,
Inc. (a Nevada corporation) are condensed and, therefore, do not include all
disclosures normally required by accounting principles generally accepted in the
United States of America. These statements should be read in conjunction with
the Company's most recent annual financial statements for the year ended
December 31, 2006 included in a Form SB-2/A filed with the U.S. Securities and
Exchange Commission ("SEC") on July 16, 2007. In the opinion of management, all
adjustments necessary for a fair presentation have been included in the
accompanying interim financial statements and consist of only normal recurring
adjustments. The results of operations presented in the accompanying interim
financial statements for the six months ended June 30, 2007 are not necessarily
indicative of the operating results that may be expected for the full year
ending December 31, 2007.









---



KRANTI RESOURCES, INC.

(An Exploration Stage
Company)



INTERIM FINANCIAL
STATEMENTS



JUNE 30, 2007



Unaudited











---





|Kranti Resources, Inc.(An Exploration Stage Company) | 
|---------------------------------------------------- | 
|Interim Balance Sheet                                | 
|As at June 30,
    2007                              | 
|Unaudited                                            | 



|ASSETS                                                    |  |  |          |        
|--------------------------------------------------------- |  |  | -------- | -------
|Current Assets                                            |  |  |          |        
|Cash                                                      |  |  | $        | 2,388  
|Prepaid expenses                                          |  |  |          | -      
|Total Current Assets                                      |  |  |          | 2,388  
|                                                          |  |  |          |        
|TOTAL ASSETS                                              |  |  | $        | 2,388  
|                                                          |  |  |          |        
|                                                          |  |  |          |        
|LIABILITIES AND
    STOCKHOLDERS' DEFICIT                 |  |  |          |        
|                                                          |  |  |          |        
|LIABILITIES                                               |  |  |          |        
|Current
    Liabilities                                   |  |  |          |        
|Accounts payable                                          |  |  | $        | 1,069  
|Due to related party (note 6)                             |  |  |          | 3,985  
|Total Liabilities                                         |  |  |          | 5,054  
|                                                          |  |  |          |        
|STOCKHOLDERS'
    DEFICIT (note 3)                        |  |  |          |        
|Preferred stock, par value $0.001, 100,000,000
    shares |  |  |          |        
|authorized, none issued and
    outstanding               |  |  |          | -      
|Common Stock, par value $0.001, 100,000,000
    shares    |  |  |          |        
|authorized, 3,000,000 shares
    issued and outstanding   |  |  |          | 3,000  
|Additional paid-in capital                                |  |  |          | 27,000 
|Deficit accumulated during the exploration stage          |  |  | (32,666)
|Total
    Stockholders' Deficit                           |  |  |          | (2,666)
|                                                          |  |  |          |        
|TOTAL
    LIABILITIES AND STOCKHOLDERS' DEFICIT           |  |  | $        | 2,388  
|                                                          |  |  |          |        





















The accompanying notes are an integral part of these financial
statements.

---



|Kranti Resources,
    Inc.(An Exploration
    Stage Company) | 
|------------------------------------------------------------ | 
|Interim
    Statements of Operations                         | 
|Unaudited                                                   





|                                                  |                |           |                | Cumulative    
|------------------------------------------------- | -------------- | --------- | -------------- | --------------
|                                                  |                |           |                | From Inception
|                                                  |                |           |                | (November 3,  
|                                                  | Three Months   |           | Six Months     | 2006) to      
|                                                  | Ended June 30, |           | Ended June 30, | June 30,      
|                                                  | 2007           |           | 2007           | 2007          
|                                                  |                |           |                |               
|REVENUES:                                         | $              | -         | $              | -             
|                                                  |                |           |                |               
|                                                  |                |           |                |               
|OPERATING
    EXPENSES:                           |                |           |                |               
|General and administrative expenses               |                | -         |                | 13            
|Mining expenses                                   |                | -         |                | 20,000        
|Professional fees                                 |                | 4,905     |                | 10,715        
|Total Operating Expenses                          |                | 4,905     |                | 30,728        
|                                                  |                |           |                |               
|                                                  |                |           |                |               
|OTHER INCOME
    AND EXPENSE                      |                |           |                |               
|Interest income                                   |                | 3         |                | 6             
|                                                  |                |           |                |               
|                                                  |                |           |                |               
|NET LOSS
    APPLICABLE TO COMMON SHARES          | $              | (4,902)   | $              | (30,722)      
|                                                  |                |           |                |               
|                                                  |                |           |                |               
|Basic and
    Diluted Loss per Common Share       | $              | (0.002)   | $              | (0.01)        
|                                                  |                |           |                |               
|                                                  |                |           |                |               
|Weighted
    Average Number of Shares Outstanding |                | 3,000,000 |                | 3,000,000     

































The accompanying notes are an integral part of these financial
statements.

---



|Kranti Resources,
    Inc.(An Exploration
    Stage Company)        | 
|------------------------------------------------------------------- | 
|Interim Statement
    of Changes in Stockholders' Equity (Deficit) 
|For the Period of
    November 3, 2006 (Inception) to June 30, 2007





|                                                                        | Common Shares |   | Additional Paid-In |   | Deficit Accumulated During the Exploration |   | Total Stockholders'
|----------------------------------------------------------------------- | ------------- | - | ------------------ | - | ------------------------------------------ | - | -------------------
|                                                                        | Shares        |   | Amount             |   | Capital                                    |   | Stage              
|                                                                        |               |   |                    |   |                                            |   |                    
|Balance -
    November 3, 2006 (Inception)                              | -             | $ | -                  | $ | -                                          | $ | -                  
|                                                                        |               |   |                    |   |                                            |   |                    
|                                                                        |               |   |                    |   |                                            |   |                    
|Common shares issued for cash at $0.01 per share,
    November 20, 2006 | 500,000       |   | 500                |   | 4,500                                      |   | -                  
|                                                                        |               |   |                    |   |                                            |   |                    
|                                                                        |               |   |                    |   |                                            |   |                    
|Common shares issued for cash at $0.01 per share,
    December 13, 2006 | 2,500,000     |   | 2,500              |   | 22,500                                     |   | -                  
|                                                                        |               |   |                    |   |                                            |   |                    
|                                                                        |               |   |                    |   |                                            |   |                    
|Loss for the period                                                     | -             |   | -                  |   | -                                          |   | (1,944)            
|                                                                        |               |   |                    |   |                                            |   |                    
|                                                                        |               |   |                    |   |                                            |   |                    
|Balance - December 31, 2006 (audited)                                   | 3,000,000     |   | 3,000              |   | 27,000                                     |   | (1,944)            
|                                                                        |               |   |                    |   |                                            |   |                    
|Loss for the period                                                     | -             |   | -                  |   | -                                          |   | (30,722)           
|                                                                        |               |   |                    |   |                                            |   |                    
|                                                                        |               |   |                    |   |                                            |   |                    
|Balance - June 30, 2007 (unaudited)                                     | 3,000,000     | $ | 3,000              | $ | 27,000                                     | $ | (32,666)           





















































The accompanying notes are an integral part of these financial
statements.

---





|Kranti Resources,
    Inc.(An Exploration
    Stage Company) | 
|------------------------------------------------------------ | 
|Interim
    Statements of Cash Flows                        
|Unaudited                                                   







|                                                         |                | Cumulative        
|-------------------------------------------------------- | -------------- | ------------------
|                                                         |                | from Inception    
|                                                         | Six Months     | (November 3, 2006)
|                                                         | Ended June 30, | to June 30,       
|                                                         | 2007           | 2007              
|                                                         |                |                   
|CASH FLOWS FROM
    OPERATING ACTIVITIES                 |                |                   
|Net loss                                                 | $              | (30,722)          
|                                                         |                |                   
|                                                         |                |                   
|Adjustments to reconcile net loss
    to                 |                |                   
|net cash used in operating
    activities:               |                |                   
|Decrease in prepaid expenses                             |                | 4,345             
|Increase (Decrease) in accounts payable                  |                | (206)             
|Net cash used in operating activities                    |                | (26,583)          
|                                                         |                |                   
|                                                         |                |                   
|CASH FLOWS FROM
    INVESTING ACTIVITIES                 |                |                   
|Net cash provided by (used in) investing
    activities  |                | -                 
|                                                         |                |                   
|                                                         |                |                   
|CASH FLOWS FROM
    FINANCING ACTIVITIES                 |                |                   
|Advance from related party                               |                | 3,985             
|Issuance of common stock for cash                        |                | -                 
|Net cash provided by financing activities                |                | 3,985             
|                                                         |                |                   
|Net increase
    (decrease) in cash and cash equivalents |                | (22,598)          
|                                                         |                |                   
|                                                         |                |                   
|Cash and cash
    equivalents - beginning of period      |                | 24,986            
|                                                         |                |                   
|                                                         |                |                   
|Cash and cash
    equivalents - end of period            | $              | 2,388             
|                                                         |                |                   
|                                                         |                |                   
|Supplemental
    Cash Flow Disclosure:                   |                |                   
|Cash paid for
    interest                               | $              | -                 
|Cash paid for
    income taxes                           | $              | -                 























The accompanying notes are an integral part of these financial
statements.

---



|Kranti Resources, Inc.(An Exploration Stage Company) | 
|---------------------------------------------------- | 
|Notes to Interim
    Financial Statements            | 
|June 30, 2007                                       
|                                                     | 
|                                                     | 

1. Organization

Kranti Resources, Inc. (the "Company") was incorporated on
  November 3, 2006 in the State of Nevada, U.S.A. It is based in Vancouver, B.C.
  Canada. The accounting and reporting policies of the Company conform to
  accounting principles generally accepted in the United States of America, and
  the Company's fiscal year end is December 31.





The Company is an exploration stage company that engages
  primarily in the acquisition, exploration and development of resource
  properties. The Company has the right to conduct exploration work on one (1)
  mineral mining claim in Clinton Mining Division, British Columbia, Canada, and
  has not yet determined whether this property contains reserves that are
  economically recoverable. To date, the Company's activities have been limited
  to its formation and the raising of equity capital.



Exploration Stage Company

The Company is considered to be in the exploration stage as
  defined in Statement of Financial Accounting Standards (SFAS) No. 7, "Accounting
  and Reporting by Development Stage Enterprises," and interpreted by the
  Securities and Exchange Commission for mining companies in Industry Guide 7.
  The Company is devoting substantially all of its efforts to development of
  business plans and the acquisition of mineral properties.

2. Significant Accounting Policies



Use of Estimates

The preparation of the Company's financial statements in
  conformity with accounting principles generally accepted in the United States
  requires management to make estimates and assumptions that affect the reported
  amounts of assets and liabilities and disclosure of contingent assets and
  liabilities at the date of the financial statements and the reported amount of
  revenues and expenses during the reporting period. Actual results could differ
  from those estimates. The Company's periodic filings with the Securities and
  Exchange Commission include, where applicable, disclosures of estimates,
  assumptions, uncertainties and markets that could affect the financial
  statements and future operations of the Company.

Cash and Cash Equivalents

Cash and cash equivalents include cash in banks, money
  market funds, and certificates of term deposits with maturities of less than
  three months from inception, which are readily convertible to known amounts of
  cash and which, in the opinion of management, are subject to an insignificant
  risk of loss in value. The Company had $2,388 in cash and cash equivalents at
  June 30, 2007.



Mineral Acquisition and Exploration Costs

The Company has been in the exploration stage since its
  formation on November 3, 2006 and has not yet realized any revenue from its
  planned operations. It is primarily engaged in the acquisition, exploration
  and development of mining properties. Mineral property acquisition and
  exploration costs are expensed as incurred. When it has been determined that a
  mineral property can be economically developed as a result of establishing
  proven and probable reserves, the costs incurred to develop such property are
  capitalized. Such costs will be amortized using the units-of-production method
  over the estimated life of the probable reserve.



---







|Kranti Resources,
    Inc.(An Exploration
    Stage Company) | 
|------------------------------------------------------------ | 
|Notes to Interim
    Financial Statements                    | 
|June 30, 2007                                               
|                                                             | 
|                                                             | 

2. Significant Accounting Policies - Continued

Start-Up Costs

In accordance with the American Institute of Certified Public Accountants
  Statement of Position 98-5, "Reporting on the Costs of Start-up Activities,"
  the Company expenses all costs incurred in connection with the start-up and
  organization of the Company.

Net Income or (Loss) Per Share of Common Stock

The Company has adopted Financial Accounting Standards
  Board ("FASB") Statement Number 128, "Earnings per Share," ("EPS")
  which requires presentation of basic and diluted EPS on the face of the income
  statement for all entities with complex capital structures and requires a
  reconciliation of the numerator and denominator of the basic EPS computation
  to the numerator and denominator of the diluted EPS computation. In the
  accompanying financial statements, basic earnings (loss) per share is computed
  by dividing net income/loss by the weighted average number of shares of common
  stock outstanding during the period.



The following table sets forth the computation of basic and
  diluted earnings per share:







The Company has no potentially dilutive securities, such as options or
  warrants, currently issued and outstanding.



Concentrations of Credit Risk

The Company's financial instruments that are exposed to
  concentrations of credit risk primarily consist of its cash and cash
  equivalents and related party payables it will likely incur in the near
  future. The Company places its cash and cash equivalents with financial
  institutions of high credit worthiness. At times, its cash and cash
  equivalents with a particular financial institution may exceed any applicable
  government insurance limits. The Company's management plans to assess the
  financial strength and credit worthiness of any parties to which it extends
  funds, and as such, it believes that any associated credit risk exposures are
  limited.

---





|Kranti Resources, Inc.
    (An Exploration Stage Company) | 
|--------------------------------------------------------- | 
|Notes to
    Interim Financial Statements                 | 
|June 30, 2007                                            
|                                                          | 
|                                                          | 

2. Significant Accounting Policies - Continued



Foreign Currency Translations

The Company's functional currency is the Canadian dollar.
  The Company's reporting currency is the U.S. dollar. All transactions
  initiated in Canadian dollars are translated into U.S. dollars in accordance
  with SFAS No. 52, "Foreign Currency Translation" as follows:

Monetary assets and liabilities at the rate of exchange
      in effect at the balance sheet date.

Equity at historical rates.

Revenue and expense items at the average rate of
      exchange prevailing during the period.



Adjustments arising from such translations are deferred
  until realization and are included as a separate component of stockholders'
  equity as a component of comprehensive income or loss. Therefore, translation
  adjustments are not included in determining net income (loss) but reported as
  other comprehensive income.

For foreign currency transactions, the Company translates
  these amounts to the Company's functional currency at the exchange rate
  effective on the invoice date. If the exchange rate changes between the time
  of purchase and the time actual payment is made, a foreign exchange
  transaction gain or loss results which is included in determining net income
  for the period.



No significant realized exchange gain or losses were
  recorded from inception (November 3, 2006) to June 30, 2007.



Recent Accounting Pronouncements

In May 2005, the FASB issued SFAS No. 154, "Accounting
  Changes and Error Corrections, a replacement of APB Opinion No. 20 and FASB
  Statement No. 3." This statement changes the requirements for the
  accounting for and reporting of a change in accounting principle. Previously,
  Opinion 20 required that most voluntary changes in accounting principle be
  recognized by including in net income of the period of change the cumulative
  effect of changing to a new principle. This statement requires retrospective
  application to prior periods' financial statements of changes in accounting
  principle, when practicable.



In February 2006, FASB issued Financial Accounting
  Standards No. 155, "Accounting for Certain Hybrid Financial Instruments -
  an amendment of FASB Statements No. 133 and 140." This Statement amends
  FASB Statements No. 133, "Accounting for Derivative Instruments and Hedging
  Activities," and No. 140, "Accounting for Transfers and Servicing of
  Financial Assets and Extinguishments of Liabilities." This Statement
  resolves issues addressed in Statement 133 Implementation Issue No. D1, "Application of Statement 133 to Beneficial Interests in Securitized Financial
  Assets." SFAS 155 is effective for all financial instruments acquired or
  issued after the beginning of an entity's first fiscal year that begins after
  September 15, 2006.





---



|Kranti Resources, Inc.
    (An Exploration Stage Company) | 
|--------------------------------------------------------- | 
|Notes to
    Interim Financial Statements                 | 
|June 30, 2007                                            
|                                                          | 
|                                                          | 

2. Significant Accounting Policies - Continued



Recent Accounting Pronouncements - Continued

In March 2006, FASB issued Financial Accounting Standards
  No. 156, "Accounting for Servicing of Financial Assets - an amendment of
  FASB Statement No. 140."This Statement amends FASB Statement No. 140,
  "Accounting for Transfers and Servicing of Financial Assets and
  Extinguishments of Liabilities," with respect to the accounting for
  separately recognized servicing assets and servicing liabilities. SFAS 156 is
  effective in the first fiscal year that begins after September 15, 2006.



In September 2006, FASB issued Financial Accounting
  Standards No. 157, "Fair Value Measurements." This Statement defines
  fair value, establishes a framework for measuring fair value in generally
  accepted accounting principles (GAAP), and expands disclosures about fair
  value measurements. This Statement applies under other accounting
  pronouncements that require or permit fair value measurements, the Board
  having previously concluded in those accounting pronouncements that fair value
  is the relevant measurement attribute. Accordingly, this Statement does not
  require any new fair value measurements. However, for some entities, the
  application of this Statement will change current practice. SFAS 157 is
  effective in the first fiscal year that begins after November 15, 2007.



In September 2006, FASB issued Financial Accounting
  Standards No. 158, "Employers' Accounting for Defined Benefit Pension and
  Other Postretirement Plans - an amendment of FASB Statements No. 87, 88, 106,
  and 132(R)." This Statement improves financial reporting by requiring an
  employer to recognize the overfunded or underfunded status of a defined
  benefit postretirement plan (other than a multiemployer plan) as an asset or
  liability in its statement of financial position and to recognize changes in
  that funded status in the year in which the changes occur through
  comprehensive income of a business entity or changes in unrestricted net
  assets of a not-for-profit organization. This Statement also improves
  financial reporting by requiring an employer to measure the funded status of a
  plan as of the date of its year-end statement of financial position, with
  limited exceptions. SFAS 158 is effective. An employer with publicly traded
  equity securities is required to initially recognize the funded status of a
  defined benefit postretirement plan and to provide the required disclosures as
  of the end of the first fiscal year ending after December 15, 2006.

In February 2007, FASB issued Financial Accounting
  Standards No. 159, "The Fair Value Option for Financial Assets and
  Financial Liabilities--Including an amendment of FASB Statement No. 115."
  This Statement permits entities to choose to measure many financial
  instruments and certain other items at fair value. The objective is to improve
  financial reporting by providing entities with the opportunity to mitigate
  volatility in reported earnings caused by measuring related assets and
  liabilities differently without having to apply complex hedge accounting
  provisions. This Statement is expected to expand the use of fair value
  measurement, which is consistent with the Board's long-term measurement
  objectives for accounting for financial instruments. SFAS 159 is effective as
  of the beginning of an entity's first fiscal year that begins after November
  15, 2007.



None of the above new pronouncements has current
  application to the Company, but will be implemented in the Company's future
  financial reporting when applicable.



---

|Kranti Resources, Inc.
    (An Exploration Stage Company) | 
|--------------------------------------------------------- | 
|Notes to
    Interim Financial Statements                 | 
|June 30, 2007                                            
|                                                          | 
|                                                          | 



Stockholders' Equity

Authorized Stock

The Company has authorized 100,000,000 common shares and
  100,000,000 preferred shares, both with a par value of $0.001 per share. Each
  common share entitles the holder to one vote, in person or proxy, on any
  matter on which action of the stockholders of the corporation is sought.

Share Issuances

On November 20, 2006 and December 13, 2006, the Company
  issued 500,000 common shares and 2,500,000 common shares, respectively, at
  $0.01 per share, resulting in total proceeds of $30,000, and 3,000,000 common
  shares issued and outstanding at June 30, 2007. These shares were issued to
  directors and officers of the Company.



There are no preferred shares outstanding. The Company has
  issued no authorized preferred shares. The Company has no stock option plan,
  warrants or other dilutive securities.

4. Provision for Income Taxes



The Company recognizes the tax effects of transactions in
  the year in which such transactions enter into the determination of net
  income, regardless of when reported for tax purposes. Deferred taxes are
  provided in the financial statements under SFAS No. 109 to give effect to the
  resulting temporary differences which may arise from differences in the bases
  of fixed assets, depreciation methods, allowances, and start-up costs based on
  the income taxes expected to be payable in future years. Minimal exploration
  stage deferred tax assets arising as a result of net operating loss
  carryforwards have been offset completely by a valuation allowance due to the
  uncertainty of their utilization in future periods. Operating loss
  carryforwards generated during the period from November 3, 2006 (date of
  inception) through June 30, 2007 of $32,666 will begin to expire in 2026.
  Accordingly, deferred tax assets of approximately $11,400 were offset by the
  valuation allowance, which increased by $10,800 during the six months ended
  June 30, 2007.

5. Mineral Property Costs



On January 18, 2007, the Company entered into an option to
  purchase agreement (the Agreement) to purchase an undivided interest in one
  (1) mining claim, consisting of 478.495 Hectares (1,182.362 Acres) on property
  located in the Clinton Mining District, British Columbia, Canada (the
  Property) for $20,000 USD. In addition to the property payment, the Company is
  required to incur $175,000 CAD (Canadian Dollars) of exploration work on the
  property over four years and to pay a 4% royalty on all mineral commodities
  sold from the property. This royalty is payable as follows:



A 2% royalty of Net Smelter Returns to Candorado
      Operating Company Ltd., which shall be reduced to 1% upon payment of
      $500,000 CAD and may be paid out in full and terminated upon payment of a
      further $500,000 CAD, at any time.



A 2% royalty of Net Smelter Returns to the property
      vendor, which shall be reduced to 1% upon payment of $1,000,000 CAD and
      may be paid out in full and terminated upon the payment of a further
      $1,000,000 CAD, at any time.

---

|Kranti Resources, Inc.
    (An Exploration Stage Company) | 
|--------------------------------------------------------- | 
|Notes to
    Interim Financial Statements                 | 
|June 30, 2007                                            
|                                                          | 
|                                                          | 

5. Mineral Property Costs - Continued



A Geologist has recommended a work program of $25,000 CAD,
  which will be part of the expenditure commitment and must be completed in the
  first year. The program consists of surveying a control grid, soil and rock
  chip sampling and geological mapping.



During the six months ended June 30, 2007, the Company made
  total property payments of $20,000 USD as outlined by the Agreement. As of
  June 30, 2007, no exploration has been performed on the Property.



Due to Related Party



As of June 30, 2007, the Company was obligated to a
  director, who is also an officer and a shareholder, for a non-interest bearing
  demand loan with a balance of $3,985. The Company plans to pay the loan back
  as cash flows become available. Interest has not been imputed on these
  advances due to its immaterial impact on the financial statements.



Going Concern and Liquidity Considerations



The accompanying financial statements have been prepared
  assuming that the Company will continue as a going concern, which
  contemplates, among other things, the realization of assets and satisfaction
  of liabilities in the normal course of business. As at June 30, 2007, the
  Company has a working capital deficiency of $2,666 and an accumulated deficit
  of $32,666. The Company intends to fund operations through equity financing
  arrangements, which may be insufficient to fund its capital expenditures,
  working capital and other cash requirements for the next twelve months.

The ability of the Company to emerge from the exploration
  stage is dependent upon, among other things, obtaining additional financing to
  continue operations, explore and develop the mineral properties and the
  discovery, development and sale of ore reserves.

In response to these problems, management intends to raise
  additional funds through public or private placement offerings.

These factors, among others, raise substantial doubt about
  the Company's ability to continue as a going concern. The accompanying
  financial statements do not include any adjustments that might result from the
  outcome of this uncertainty.













---





ITEM 2. PLAN OF OPERATION

This report includes a number of forward looking statements that reflect our
current views with respect to future events and financial performance. Forward
looking statements are often identified by words like: believe, expect,
estimate, anticipate, intend, project and similar expressions, or words which,
by their nature, refer to future events. You should not place undue certainty on
these forward looking statements, which apply only as of the date of this
quarterly report. These forward looking statements are subject to certain risks
and uncertainties that could cause actual results to differ materially from
historical results or our predictions.

Results of Operations

We have generated no revenues since inception (November 3, 2006) and have
incurred $32,666 in expenses through June 30, 2007.

The following table provides selected financial data about our company as of
and for the six-month period ended June 30, 2007.

| |  | Balance Sheet Data:   |  |   | June 30, 2007 |  | 
| |  | --------------------- |  | - | ------------- |  | 
| |  |                       |  |   |               |  | 
| |  | Cash                  |  | $ | 2,388         |  | 
| |  | Total assets          |  | $ | 2,388         |  | 
| |  | Total liabilities     |  | $ | 5,054         |  | 
| |  | Stockholders' deficit |  | $ | 2,666         |  | 

Our cash in the bank at June 30, 2007 was $2,388. Net cash provided by
financing activities since inception through June 30, 2007, was $33,985,
consisting of $30,000 raised from the sale of common shares to directors and
$3,985 in loans from an officer and director of the Company.

Plan of Operation

Kranti is a start-up, exploration stage mining company and has not yet
generated or realized any revenues from its business operations.

Our auditors have issued a going concern opinion, on our December 31, 2006
audited financial statements as filed in our SB-2/A Registration Statement on
July 16, 2007 with the SEC. This means that there is substantial doubt that the
Company can continue as an on-going business for the next twelve months unless
it obtains additional capital. This is because the Company has not generated any
revenues and no revenues are anticipated unless and until it begins removing and
selling minerals. There is no assurance the Company will ever discover an
economically viable deposit of ore or be able to extract any ore even if such a
deposit is found. Accordingly, the Company must raise cash from sources other
than the sale of minerals found on the Property. Our only other source for cash
at this time is investments by others. We must raise cash to implement our
project and stay in business. If we raise the amount of money in our Offering,
we believe it, together with the purchase of shares by the directors ($30,000 in
share purchases), will last a minimum of twelve months.

We will be conducting research in the form of exploration of the Property.
Our exploration program is explained in as much detail as possible in the
business section of our Prospectus. We are not going to buy or sell any plant or
significant equipment during the next twelve months.

The Property is located in the Clinton Mining District, British Columbia,
Canada and is called the "The Bradley Creek Claim."

Our exploration target is to find an ore body containing copper- gold or
molybdenite. Our success depends upon finding mineralized material. This
includes a determination by our geologist if the property contains reserves. We
have not selected a geologist as of the date of this report and will not do so
until our Offering is successfully completed, if that occurs, of which there is
no assurance. Mineralized material is a mineralized body, which has been
delineated by appropriate spaced drilling or underground sampling to support
sufficient tonnage and average grade of metals to justify removal. If we do not
find

In addition, Kranti may not have enough money to complete its exploration of
the Property. If it turns out that the Company has not raised enough money to
complete its exploration program, we will try to raise additional funds from
alternative sources, potentially including: a second public offering, a private
placement or loans. At the present time, we have not made any plans to raise
additional money, and there is no assurance that we would be able to raise
additional money in the future or if such funds are available that they would be
available on terms beneficial to the Company. Furthermore, if the Company
engages in additional offerings of its common stock, purchasers of such stock in
our Offering will have their ownership interest in the Company diluted and the
value of their holdings in the Company could be diminished. If we need
additional money and can't raise it, we will have to suspend or cease
operations, which could result in investors losing some or all of their
investment in the Company.

We must conduct exploration to determine what amount of minerals, if any,
exist on the property, and if any minerals which are found can be economically
extracted and profitably processed.

The Property is undeveloped raw land. Because the Company currently lacks
sufficient capital, exploration and surveying has not been initiated and will
not be initiated until we raise money in our Offering. Once the Offering is
concluded, we intend to start exploration operations. To our knowledge, except
as noted herein, the Property has never been mined. The only event that has
occurred is the locating and the recording of the mining claim under the
direction of Candorado Operating Company Ltd.

Before mineral retrieval can begin, we must explore for and find mineralized
material. After that has occurred we have to determine if it is economically
feasible to remove the mineralized material. Economically feasible means that
the costs associated with the removal of the mineralized material will not
exceed the price at which we

We do not know if we will find mineralized material. We believe that
activities occurring on adjoining properties are not material to our activities.
The reason is that whatever is located under adjoining property may or may not
be located under the Property.

We do not claim to have any minerals or reserves whatsoever at this time on
the Property.

The Company intends to implement an exploration program which consists of the
taking of soil geochemical samples on a grid on lines 75 meters apart at 50
meter spacing with

Based upon the results of the exploration, Mr. Gill will determine, in
consultation with our geologist, if the Property is to be dropped or further
exploration work done. Mr. Gill will not receive fees for his services. The
proceeds from our Offering are designed only to fund the costs of an exploration
program recommended by Marvin A. Mitchell, P.Eng. Additional funding will be
required to take

The Company estimates the cost of the proposed work program to be $25,000 CAD
($23,500 USD). This is composed of, in CAD (Canadian funds) $3,500 for
prospecting and mapping, $4,200 for wages, $2,733 for truck expense, $2,100 for
sustenance, $10,625 for collecting approximately 1,250 samples, shipping and
assays, and $1,842 for contingency costs. Kranti estimates it will take up to 3
- 6 months to complete the program. We will begin the program after the
completion of the Offering, weather permitting. If sufficient funds are raised,
we will do additional exploration based upon the results of the first program.

We have no plans to interest other companies in the Property if we do not
find mineralized material.

If we are unable to complete any phase of exploration because we don't have
enough money, we will cease operations until we raise more money. If we cannot
or do not raise more money, we will cease operations.

The Company does not intend to hire additional employees at this time. All of
the work on the Property will be conducted by unaffiliated independent
contractors that we will hire. The independent contractors will be responsible
for surveying, geology, engineering, exploration, and excavation. The geologist
will evaluate the information derived from the exploration and excavation and
the engineers will advise us on the economic feasibility of removing the
mineralized material.

Limited Operating History; Need for Additional Capital

There is no historical financial information about us upon which to base an
evaluation of our performance. We are an exploration stage mining company which
has not generated any revenues from operations. We cannot guarantee we will be
successful in our business operations. Our business is subject to risks inherent
in the establishment of a new business enterprise, including limited capital
resources, possible delays in the exploration of our properties and possible
cost overruns due to price and cost increases in services.

To become profitable and competitive, we must conduct the research and
exploration of our properties before we start production of any minerals we may
find. We are seeking equity financing to provide for the capital required to
implement our research and exploration phases. We believe that the funds raised
from our offering will allow us to operate for one year.

We have no assurance that future financing will be available to us on
acceptable terms. If financing is not available on satisfactory terms, we may be
unable to continue, develop or expand our operations. Equity financing could
result in additional dilution to existing shareholders.

Liquidity and Capital Resources

To meet its need for cash the Company is attempting to raise money from our
Offering. The Company cannot guarantee it will be able to raise enough money
through its Offering to stay in business. Whatever money is raised, will be
applied to the items set forth in the Use of Proceeds section of our Prospectus,
as filed with the SEC. If the Company finds mineralized material and such
material is economically feasible to remove, Kranti will attempt to raise
additional funds to finance the removal of such ore. If the Company does not
raise all of the money it needs to complete the exploration of the Property, it
will have to find alternative sources of funding such as a second public
offering, a private placement of securities,or loans from our officers or
others.

At the present time, we have not made any arrangements to raise any capital,
other than through our Offering. If the Company requires additional capital and
can't raise needed funds, it will either have to temporarily suspend or cease
operations permanently. The funds raised in our Offering, together with the
loans advanced, will likely allow the Company to operate for a minimum of one
year. Other than as described in this paragraph, there are no other financing
plans for the Company.

The Company has acquired the rights to utilize the Property which contains
one mining claim. The Property is staked and the Company expects to start
exploration operations after completion of the Offering. As of the date of this
report, Kranti has yet to begin operations. Kranti has yet to generate any
revenues.

Since inception the Company has conducted two private offerings, in November
and December of 2006, of its common stock, pursuant to which it issued 500,000
and 2,500,000 shares of common stock respectively. These offerings were
conducted pursuant to the exemption from registration as set forth in Section
4(2), of the Securities Act of 1933 (the "Act"). The Company raised a total of
$30,000 from the two private offerings.

As of June 30, 2007, our total assets were $2,388 and our total liabilities
were $5,054.

Application of Critical Accounting Policies

Our financial statements have been prepared on a going concern basis. We have
accumulated a deficit of $32,666 from inception (November 3, 2006) to June 30,
2007. Our ability to continue as a going concern is dependent upon our ability
to generate profitable operations in the future and/or to obtain the necessary
financing to meet our obligations and repay our liabilities arising from normal
business operations when they come due. The outcome of these matters cannot be
predicted with any certainty at this time. We have historically satisfied our
working capital needs primarily by sales of securities and loans payable from an
officer of the company and at June 30, 2007, we had a working capital deficit of
$2,666. These financial statements do not include any adjustments to the amount
and classification of assets and liabilities that

Use of Estimates

The preparation of the Company's financial statements in
conformity with accounting principles generally accepted in the United States
requires management to make estimates and assumptions that affect the reported
amounts of assets and liabilities and disclosure of contingent assets and
liabilities at the date of the financial statements and the reported amount of
revenues and expenses during the reporting period. Actual results could differ
from those estimates. The Company's periodic filings with the Securities and
Exchange Commission include, where applicable, disclosures of estimates,
assumptions, uncertainties and markets that could affect the financial
statements and future operations of the Company.

Cash and Cash Equivalents

Cash and cash equivalents include cash in banks, money market
funds, and certificates of term deposits with maturities of less than three
months from inception, which are readily convertible to known amounts of cash
and which, in the opinion of management, are subject to an insignificant risk of
loss in value. The Company had $2,388 in cash and cash equivalents at June 30,
2007.



Mineral Acquisition and Exploration Costs

The Company has been in the exploration stage since its
formation on November 3, 2006 and has not yet realized any revenue from its
planned operations. It is primarily engaged in the acquisition, exploration and
development of mining properties. Mineral property acquisition and exploration
costs are expensed as incurred. When it has been determined that a mineral
property can be economically developed as a result of establishing proven and
probable reserves, the costs incurred to develop such property are capitalized.
Such costs will be amortized using the units-of-production method over the
estimated life of the probable reserves.



Start-Up Costs

In accordance with the American Institute of Certified Public Accountants'
Statement of Position 98-5, "Reporting on the Costs of Start-up Activities,"
the Company expenses all costs incurred in connection with the start-up and
organization of the Company.

Net Income or (Loss) Per Share of Common Stock

The Company has adopted Financial Accounting Standards Board
("FASB") Statement Number 128, "Earnings per Share," ("EPS") which
requires presentation of basic and diluted EPS on the face of the income
statement for all entities with complex capital structures and requires a
reconciliation of the numerator and denominator of the basic EPS computation to
the numerator and denominator of the diluted EPS computation. In the
accompanying financial statements, basic earnings (loss) per share is computed
by dividing net income/loss by the weighted average number of shares of common
stock outstanding during the period.



The following table sets forth the computation of basic and
diluted earnings per share:





The Company has no potentially dilutive securities, such as options or
warrants, currently issued and outstanding.



Concentrations of Credit Risk

The Company's financial instruments that are exposed to
concentrations of credit risk primarily consist of its cash and cash equivalents
and related party payables it will likely incur in the near future. The Company
places its cash and cash equivalents with financial institutions of high credit
worthiness. At times, its cash and cash equivalents with a particular financial
institution may exceed any applicable government insurance limits. The Company's
management plans to assess the financial strength and credit worthiness of any
parties to which it extends funds, and as such, it believes that any associated
credit risk exposures are limited.



Foreign Currency Translations

The Company's functional currency is the Canadian dollar. The
Company's reporting currency is the U.S. dollar. All transactions initiated in
Canadian dollars are translated into U.S. dollars in accordance with SFAS No.
52, "Foreign Currency Translation"as follows:

Monetary assets and liabilities at the rate of exchange in
  effect at the balance sheet date.

Equity at historical rates.

Revenue and expense items at the average rate of exchange
  prevailing during the period.



Adjustments arising from such translations are deferred until
realization and are included as a separate component of stockholders' equity as
a component of comprehensive income or loss. Therefore, translation adjustments
are not included in determining net income (loss) but reported as other
comprehensive income.

For foreign currency transactions, the Company translates
these amounts to the Company's functional currency at the exchange rate
effective on the invoice date. If the exchange rate changes between the time of
purchase and the time actual payment is made, a foreign exchange transaction
gain or loss results which is included in determining net income for the period.



No significant realized exchange gain or losses were recorded
from inception (November 3, 2006) to June 30, 2007.

ITEM 3. CONTROLS AND PROCEDURES

Disclosure Controls and Procedures

Ben Gill, our Chief Executive and Financial Officer, has evaluated the
effectiveness of our disclosure controls and procedures (as such term is defined
in Rules 13a-15 and 15d-15 under the Securities Exchange Act of 1934, as amended
(the Exchange Act)) as of the end of the period covered by this quarterly report
(the Evaluation Date). Based on such evaluation, he has concluded that, as of
the Evaluation Date, our disclosure controls and procedures are effective in
alerting us on a timely basis to material information required to be included in
our reports filed or submitted under the Exchange Act.

Changes in Internal Controls

There were no significant changes in our internal controls or, to the
Company's knowledge, in other factors that could significantly affect the
Company's disclosure controls and procedures subsequent to the date the Company
carried out this evaluation.

PART II - OTHER INFORMATION

Item 1. LEGAL PROCEEDINGS

None.

Item 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

None.

Item 3. DEFAULTS UPON SENIOR SECURITIES

None.

Item 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

None.

Item 5. OTHER INFORMATION

None.

ITEM 6. EXHIBITS

The following exhibits are included with this filing. Those marked with an
asterisk and required to be filed hereunder, are incorporated by reference and
can be found in their entirety in our original Form SB-2 Registration Statement,
filed under SEC File Number 333-142096, at the SEC website at www.sec.gov:

Exhibit

Number Description

3.1 Articles of Incorporation*

3.2 Bylaws*

> 31 Rule 13a-14(a)/15d-14a(a) Certifications
>     32 Section 1350 Certifications



SIGNATURES

In accordance with the requirements of the Exchange Act, the registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.

|                              | KRANTI RESOURCES,
    INC.
|----------------------------- | --------------------------
|                              | (Registrant)              
|August 20, 2007               |                           
|_____________________________ | BY:                       
|Date                          |                           
|                              |                           
|                              |