Finnovation Tech Solutions Profile
Key Indicators
- Authorised Capital ₹ 4.55 Cr
- Paid Up Capital ₹ 1.68 Cr
- Company Age 9 Year, 20 Days
- 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 (Nine years 20 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
Internet
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
- Balance Sheet
- Profit and Loss
- Cash Flow
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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
Ikf Home Finance LimitedVinit Mehta is a mutual person
Shubham Housing Development Finance Company LimitedNattanmai Saravanan is a mutual person
Charges (Loans)
Open Charges
₹349.75 Cr
Satisfied Charges
₹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.
Latest Updates, News, and FAQs on Finnovation Tech Solutions
Recent activity within the organization
- Director Appointment
Harry Archerman was appointed as a Nominee Director was appointed as a Nominee Director on 20 Aug 2024 & has been associated with this company since 7 months 15 days .
- Director Appointment
Vinit Mukesh Mehta was appointed as a Nominee Director was appointed as a Nominee Director on 06 Jul 2024 & has been associated with this company since 8 months 29 days .
- Charges
A charge with Yes Bank Limited amounted to Rs. 299.75 Cr with Charge ID 100921097 was registered on 30 Apr 2024.
- Director Appointment
Nattanmai Venkataraman Saravanan was appointed as a Nominee Director was appointed as a Nominee Director on 30 Apr 2024 & has been associated with this company since 11 months 5 days .
- Director Appointment
Gagan Lalit Mohan Joshi was appointed as a Nominee Director was appointed as a Nominee Director on 30 Apr 2024 & has been associated with this company since 11 months 5 days .
- Director Appointment
Mamtesh Sugla was appointed as a Nominee Director was appointed as a Nominee Director on 30 Apr 2024 & has been associated with this company since 11 months 5 days .
Recent News, Updates & Announcement
- Xiaomi launches its first lending product in India.
Xiaomi's new credit product, launched in partnership with lending platform KrazyBee, has already gone live and will be officially announced in a few weeks.
Frequently asked questions
What is the Incorporation or founding date of Finnovation Tech Solutions Private Limited?
Finnovation Tech Solutions Private Limited was incorporated on 15 Mar 2016.
What is authorized share capital and paid-up capital of Finnovation Tech Solutions Private Limited?
The authorized share capital of Finnovation Tech Solutions Private Limited is ₹ 4.55 Cr and paid-up capital is ₹ 1.68 Cr.
Who are the current board members & directors of Finnovation Tech Solutions Private Limited?
Currently 7 directors are associated with Finnovation Tech Solutions Private Limited.
- Nattanmai Venkataraman Saravanan
- Madhusudan Ekambaram
- Karthikeyan Krishnaswamy
- Gagan Lalit Mohan Joshi
- Mamtesh Sugla
- Vinit Mukesh Mehta
- Harry Archerman
What is the registered address of Finnovation Tech Solutions Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Finnovation Tech Solutions Private Limited is 16/3 Adarsh Yelavarthy Centre Opp To Frank Anthony School Cambridge Layout, Jogupa Lya India, Bangalore, Karnataka, 560008.
What is the corporate identification number (CIN) and company number of Finnovation Tech Solutions Private Limited?
The corporate identification number (CIN) of Finnovation Tech Solutions Private Limited is U74900KA2016PTC086953 and the company number is 086953 as per Ministry of Corporate Affairs (MCA).
What is the official website of Finnovation Tech Solutions Private Limited?
The Official website of Finnovation Tech Solutions Private Limited is https://www.krazybee.com
What has been the recent revenue trend for Finnovation Tech Solutions Private Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Finnovation Tech Solutions Private Limited has risen by 77.09%.
How many employees does Finnovation Tech Solutions Private Limited currently have?
As Per 2023 financial reports, 1261 employees are currently employed by Finnovation Tech Solutions Private Limited.
What change has been observed in the net worth of Finnovation Tech Solutions Private Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Finnovation Tech Solutions Private Limited has experienced an upsurge of 1253.62%.
What are the total open charges for Finnovation Tech Solutions Private Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Finnovation Tech Solutions Private Limited amount to ₹ 349.75 Cr.
When was the last Balance Sheet of Finnovation Tech Solutions Private Limited filed with the ROC?
The most recent Balance Sheet for Finnovation Tech Solutions Private Limited was filed with the ROC on 31 Mar 2023.