Loanzen Finance Profile
Key Indicators
- Authorised Capital ₹ 20.90 Cr
- Paid Up Capital ₹ 19.30 Cr
- Company Age 8 Year, 1 Month
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 26.33 Cr
- Satisfied Charges ₹ 75.45 Cr
- Revenue Growth -6.98%
- Profit Growth 0.52%
- Ebitda -30.29%
- Net Worth -33.54%
- Total Assets -26.57%
About Loanzen Finance
Loanzen Finance Private Limited (LFPL) is a registered startup operating as a Private Limited Indian Non-Government Company incorporated in India on 20 February 2017 (Eight years and one month 4 days old ). Its registered office is in Bangaluru, Karnataka, India.
The Company is engaged in the Financial Services 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 20.90 Cr and a paid-up capital of Rs 19.30 Cr.
The company currently has active open charges totaling ₹26.33 Cr. The company has closed loans amounting to ₹75.45 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Loanzen Finance Private Limited India is Sundaramurthy Anil as CEO. Murali Rajagopalachari and Arikeri Sivaprasad 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
U65999KA2017PTC100666
- Company No.
100666
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
20 Feb 2017
- Date of AGM
21 Aug 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Bangalore
Industry
Financial Services
Who are the key members and board of directors at Loanzen Finance?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Sundaramurthy Anil | CEO | 23-May-2023 | Current |
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Arikeri Sivaprasad  | Director | 12-Mar-2020 | Current |
| Murali Rajagopalachari | Director | 27-Apr-2021 | Current |
Financial Performance of Loanzen Finance.
Loanzen Finance Private Limited, for the financial year ended 2023, experienced Minor drop in revenue, with a 6.98% decrease. The company also saw a slight improvement in profitability, with a 0.52% increase in profit. The company's net worth observed a substantial decline by a decrease of 33.54%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Loanzen Finance?
In 2022, Loanzen Finance 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)
Net Avenue Technologies LimitedMurali Rajagopalachari is a mutual person
Brewklyn Microbrewing Private LimitedArikeri Sivaprasad is a mutual person
Charges (Loans)
Open Charges
₹26.33 Cr
Satisfied Charges
₹75.45 Cr
Charges Breakdown by Lending Institutions
- Others : 15.00 Cr
- Hdfc Bank Limited : 11.33 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 20 Jan 2023 | Others | ₹10.00 Cr | Open |
| 01 Sep 2021 | Others | ₹5.00 Cr | Open |
| 12 Apr 2021 | Hdfc Bank Limited | ₹11.33 Cr | Open |
| 09 Jan 2023 | Others | ₹5.00 M | Satisfied |
| 30 Dec 2022 | Others | ₹5.00 M | Satisfied |
How Many Employees Work at Loanzen Finance?
Loanzen Finance has a workforce of 86 employees as of Mar 28, 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 Loanzen Finance, 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 Loanzen Finance'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 Loanzen Finance
Recent activity within the organization
- Charges
A charge registered on 29 Dec 2021 via Charge ID 100519405 with Others was fully satisfied on 15 May 2024.
- Charges
A charge registered on 02 Mar 2022 via Charge ID 100550137 with Axis Bank Limited was fully satisfied on 08 May 2024.
- Charges
A charge registered on 06 Jul 2022 via Charge ID 100594808 with Others was fully satisfied on 22 Apr 2024.
- Charges
A charge registered on 28 Feb 2022 via Charge ID 100544400 with Others was fully satisfied on 06 Mar 2024.
- Charges
A charge registered on 30 Dec 2022 via Charge ID 100700847 with Others was fully satisfied on 08 Feb 2024.
- Charges
A charge registered on 23 Nov 2022 via Charge ID 100650422 with Others was fully satisfied on 08 Feb 2024.
Recent News, Updates & Announcement
Digital lending platform Loanzen gets funding from Kae.The company wants to shift gears from being a loan aggregating platform to start lending from its own books after being awarded the lending licence..
- Read what P2P lenders have to say about RBI's proposed norms.
The Reserve Bank of India's (RBI) move to regulate online peer-to-peer lending (P2P) platforms augurs well for the nascent sector but needs greater clarity to ensure they don’t choke the startups that are helping provide funds to those who are outside formal banking channels..
Frequently asked questions
What is the Incorporation or founding date of Loanzen Finance Private Limited?
Loanzen Finance Private Limited was incorporated on 20 Feb 2017.
What is authorized share capital and paid-up capital of Loanzen Finance Private Limited?
The authorized share capital of Loanzen Finance Private Limited is ₹ 20.90 Cr and paid-up capital is ₹ 19.30 Cr.
Who are the current board members & directors of Loanzen Finance Private Limited?
Currently 3 directors are associated with Loanzen Finance Private Limited.
- Murali Rajagopalachari
- Arikeri Sivaprasad
- Sundaramurthy Anil
What is the registered address of Loanzen Finance Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Loanzen Finance Private Limited is 445/1 2Nd Floor 6Th Cross Road Jayanagar 7Th Block, West Of Kanakapura India, Bangalore, Karnataka, 560070.
What is the corporate identification number (CIN) and company number of Loanzen Finance Private Limited?
The corporate identification number (CIN) of Loanzen Finance Private Limited is U65999KA2017PTC100666 and the company number is 100666 as per Ministry of Corporate Affairs (MCA).
What is the official website of Loanzen Finance Private Limited?
The Official website of Loanzen Finance Private Limited is https://www.loanzen.in
What has been the recent revenue trend for Loanzen Finance Private Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Loanzen Finance Private Limited has fallen by -6.98%.
How many employees does Loanzen Finance Private Limited currently have?
As Per 2023 financial reports, 86 employees are currently employed by Loanzen Finance Private Limited.
What change has been observed in the net worth of Loanzen Finance Private Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Loanzen Finance Private Limited has experienced an downturn of -33.54%.
What are the total open charges for Loanzen Finance Private Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Loanzen Finance Private Limited amount to ₹ 26.33 Cr.
When was the last Balance Sheet of Loanzen Finance Private Limited filed with the ROC?
The most recent Balance Sheet for Loanzen Finance Private Limited was filed with the ROC on 31 Mar 2023.
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