Finnovation Tech Solutions Profile
Key Indicators
- Authorised Capital ₹ 4.55 Cr
as on 24-10-2024
- Paid Up Capital ₹ 1.68 Cr
as on 24-10-2024
- Company Age 8 Year, 8 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 349.75 Cr
as on 24-10-2024
- Satisfied Charges ₹ 170.00 Cr
as on 24-10-2024
- Revenue 77.09%
(FY 2023)
- Profit 175.74%
(FY 2023)
- Ebitda 66.20%
(FY 2023)
- Net Worth 1253.62%
(FY 2023)
- Total Assets 181.08%
(FY 2023)
About Finnovation Tech Solutions
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.
- 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
Company Details
- Location
Bangaluru, Karnataka, India
- Telephone
- Email Address
- Website
- Social Media-
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 and Corporate Structure Insights 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
- Ratios
| Metric |
| (FY 2022) | (FY 2021) | (FY 2020) | (FY 2019) | ||
|---|---|---|---|---|---|---|---|
| Total Revenue |
| ||||||
| Revenue from Operations |
| ||||||
| Total Assets |
| ||||||
| Profit or Loss |
| ||||||
| Net Worth |
| ||||||
| EBITDA |
|
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)
Krazybee Services Private Limited
Active 8 years 8 monthsMadhusudan Ekambaram and Karthikeyan Krishnaswamy are mutual person
Shubham Housing Development Finance Company Limited
Active 14 years 9 monthsNattanmai Saravanan is a mutual person
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Yes Bank Limited Creation Date: 30 Apr 2024 | ₹299.75 Cr | Open |
Others Creation Date: 25 Jan 2024 | ₹50.00 Cr | Open |
Yes Bank Limited Creation Date: 28 Feb 2024 | ₹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.
