Open Financial Technologies Profile
Key Indicators
- Authorised Capital ₹ 3.50 M
- Paid Up Capital ₹ 0.10 M
- Company Age 7 Year, 9 Months
- Last Filing with ROC 31 Mar 2024
- Satisfied Charges ₹ 46.04 Cr
- Revenue Growth -13.24%
- Profit Growth 30.89%
- Ebitda 39.72%
- Net Worth -31.65%
- Total Assets -33.17%
About Open Financial Technologies
Open Financial Technologies Private Limited (OFTPL) is a registered startup operating as a Private Limited Indian Non-Government Company incorporated in India on 19 May 2017 (Seven years and nine months 6 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 2024. It's a company limited by shares with an authorized capital of Rs 3.50 M and a paid-up capital of Rs 0.10 M.
The company has closed loans amounting to ₹46.04 Cr, and has no open charges as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Open Financial Technologies Private Limited India are Deena Jacob as CFO and Anish Achuthan as Ceo. Bhaskar Majumdar, Mohit Bhandari, Mabel Chacko, and Three 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
U67200KA2017PTC166507
- Company No.
054626
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
19 May 2017
- Date of AGM
21 Aug 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Bangalore
Industry
What products or services does Open Financial Technologies Private Limited offer?
Open Financial Technologies Private Limited offers a wide range of products and services, including Computer and Mobile Softwares & Apps, Textile Software.
Who are the key members and board of directors at Open Financial Technologies?
Executive Team (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Deena Jacob  | CFO | 27-Sep-2018 | Current |
| Anish Achuthan | CEO | 27-Aug-2018 | Current |
Board Members (6)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Deena Jacob | Director and Cfo | 17-Oct-2017 | Current |
Bhaskar Majumdar  | Nominee Director | 20-Apr-2019 | Current |
| Mohit Bhandari | Nominee Director | 04-Apr-2022 | Current |
| Mabel Chacko | Director | 22-Sep-2021 | Current |
| Anish Achuthan | Director and Ceo | 27-Aug-2018 | Current |
| Ajeesh Achuthan | Director | 17-Oct-2017 | Current |
Financial Performance of Open Financial Technologies.
Open Financial Technologies Private Limited, for the financial year ended 2024, experienced significant reduction in revenue, with a 13.24% decrease. The company also saw a substantial improvement in profitability, with a 30.89% increase in profit. The company's net worth observed a substantial decline by a decrease of 31.65%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
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What is the Ownership and Shareholding Structure of Open Financial Technologies?
In 2024, Open Financial Technologies had a promoter holding of 95.56% and a public holding of 4.45%. The company had 4 Subsidiaries and 1 Joint Venture. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Lilchirp Ai Technologies Private LimitedBhaskar Majumdar is a mutual person
Temasek Holdings Advisors India Private LimitedMohit Bhandari is a mutual person
Unicorn India Ventures Advisors LlpBhaskar Majumdar is a mutual person
Indiaideas Com LimitedMohit Bhandari is a mutual person
Dinero Innovations Private LimitedMabel Chacko and Deena Jacob are mutual person
Ideope Media Private LimitedBhaskar Majumdar is a mutual person
Charges (Loans)
₹0
₹460.39 M
Charges Breakdown by Lending Institutions
- Others : 44.00 Cr
- Hdfc Bank Limited : 2.04 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 21 Nov 2022 | Hdfc Bank Limited | ₹9.47 M | Satisfied |
| 17 Nov 2021 | Hdfc Bank Limited | ₹1.09 Cr | Satisfied |
| 17 May 2021 | Others | ₹44.00 Cr | Satisfied |
How Many Employees Work at Open Financial Technologies?
Open Financial Technologies has a workforce of 373 employees as of Jan 13, 2025. 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 Open Financial Technologies, 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 Open Financial Technologies'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.
