Finnovation Tech Solutions Profile
Key Indicators
- Authorised Capital ₹ 4.55 Cr
- Paid Up Capital ₹ 1.68 Cr
- Company Age 8 Year, 11 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 349.75 Cr
- Satisfied Charges ₹ 170.00 Cr
- Revenue Growth 77.09%
- Profit Growth 175.74%
- Ebitda 66.20%
- Net Worth 1253.62%
- Total Assets 181.08%
About Finnovation Tech Solutions
Finnovation Tech Solutions Private Limited (FTSPL) is a Private Limited Indian Non-Government Company incorporated in India on 15 March 2016 (Eight years and 11 months 11 days old ). Its registered office is in Bangaluru, Karnataka, India.
The Company is engaged in the Internet Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 4.55 Cr and a paid-up capital of Rs 1.68 Cr.
The company currently has active open charges totaling ₹349.75 Cr. The company has closed loans amounting to ₹170.00 Cr, as per Ministry of Corporate Affairs (MCA) records.
Nattanmai Saravanan, Madhusudan Ekambaram, Karthikeyan Krishnaswamy, and Four other members serve as directors at the Company.
Company Details
- Location
Bangaluru, Karnataka, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media -
Corporate Identity Details
- CIN/LLPIN
U74900KA2016PTC086953
- Company No.
086953
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
15 Mar 2016
- Date of AGM
06 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Bangalore
Industry
Who are the key members and board of directors at Finnovation Tech Solutions?
Board Members (7)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Vinit Mehta  | Nominee Director | 06-Jul-2024 | Current |
| Madhusudan Ekambaram | Director | 15-Mar-2016 | Current |
| Karthikeyan Krishnaswamy | Director | 15-Mar-2016 | Current |
| Nattanmai Saravanan | Nominee Director | 30-Apr-2024 | Current |
| Gagan Joshi | Nominee Director | 30-Apr-2024 | Current |
| Mamtesh Sugla | Nominee Director | 30-Apr-2024 | Current |
Financial Performance of Finnovation Tech Solutions.
Finnovation Tech Solutions Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 77.09% increase. The company also saw a substantial improvement in profitability, with a 175.74% increase in profit. The company's net worth Soared by an impressive increase of 1253.62%.
- Key Matrics
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What is the Ownership and Shareholding Structure of Finnovation Tech Solutions?
In 2022, Finnovation Tech Solutions had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Cosmos Maya India Private LimitedMamtesh Sugla is a mutual person
Manak Waste Management Private LimitedMamtesh Sugla is a mutual person
Shadowfax Technologies Private LimitedMamtesh Sugla is a mutual person
Krazybee Services Private LimitedMadhusudan Ekambaram and Karthikeyan Krishnaswamy are mutual person
Shubham Housing Development Finance Company LimitedNattanmai Saravanan is a mutual person
Ikf Finance LimitedVinit Mehta is a mutual person
Charges (Loans)
₹349.75 Cr
₹170.00 Cr
Charges Breakdown by Lending Institutions
- Yes Bank Limited : 299.75 Cr
- Others : 50.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Apr 2024 | Yes Bank Limited | ₹299.75 Cr | Open |
| 25 Jan 2024 | Others | ₹50.00 Cr | Open |
| 28 Feb 2024 | Yes Bank Limited | ₹50.00 Cr | Satisfied |
| 17 Jan 2024 | Yes Bank Limited | ₹50.00 Cr | Satisfied |
| 05 Jun 2020 | Hdfc Bank Limited | ₹50.00 Cr | Satisfied |
How Many Employees Work at Finnovation Tech Solutions?
Finnovation Tech Solutions has a workforce of 1261 employees as of Mar 29, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Finnovation Tech Solutions, 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 Finnovation Tech Solutions's trajectory.
Rating
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
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.
