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
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 15 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
Internet
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.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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| Revenue from Operations | |||||||
| Total Assets | |||||||
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| EBITDA |
What is the Ownership and Shareholding Structure of Open Financial Technologies?
Unlock access to Open Financial Technologies's control and ownership data, Corporate Shareholding Patterns, Funding (security allotment) details, Foreign Institutional Investor information, Directors and Key Management Personnel (KMP) Remuneration, Group Structure, Overseas Direct Investment and other pertinent data.
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)
Open Charges
₹0
Satisfied Charges
₹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?
Unlock and access historical data on people associated with Open Financial Technologies, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.
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.
Latest Updates, News, and FAQs on Open Financial Technologies
Recent activity within the organization
- Annual General Meeting
Open Financial Technologies Private Limited last Annual general meeting of members was held on 21 Aug 2024 as per latest MCA records.
- Charges
A charge registered on 17 May 2021 via Charge ID 100456634 with Others was fully satisfied on 13 Jun 2024.
- Balance Sheet
Open Financial Technologies Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
- Charges
A charge registered on 17 Nov 2021 via Charge ID 100521476 with Hdfc Bank Limited was fully satisfied on 19 Mar 2024.
- Charges
A charge registered on 21 Nov 2022 via Charge ID 100670181 with Hdfc Bank Limited was fully satisfied on 18 Feb 2024.
- Charges
A charge with Hdfc Bank Limited amounted to Rs. 9.47 M with Charge ID 100670181 was registered on 21 Nov 2022.
Recent News, Updates & Announcement
- Indian fintech unicorn Open cuts about 50 roles amid financial crunch.
Open, a neobank platform based in India has reportedly let go of around 50 employees and made a 50% cut to its founders' salaries in a bid to cut costs and improve the company's financial runway, according to a report by Entrackr. Per the report, this move comes amidst a slow funding period, which has resulted in several fintech companies resorting to layoffs. The neobank, which became the 100th unicorn from India, after raising $50 million – a figure lesser than it had planned – in its Series.
Frequently asked questions
What is the Incorporation or founding date of Open Financial Technologies Private Limited?
Open Financial Technologies Private Limited was incorporated on 19 May 2017.
What is authorized share capital and paid-up capital of Open Financial Technologies Private Limited?
The authorized share capital of Open Financial Technologies Private Limited is ₹ 3.50 M and paid-up capital is ₹ 0.10 M.
Who are the current board members & directors of Open Financial Technologies Private Limited?
Currently 8 directors are associated with Open Financial Technologies Private Limited.
- Bhaskar Majumdar
- Mohit Naresh Bhandari
- Mabel Annie Chacko
- Anish Achuthan
- Deena Jacob
- Ajeesh Achuthan
- Deena Jacob
- Anish Achuthan
What is the registered address of Open Financial Technologies Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Open Financial Technologies Private Limited is 3Rd Floor Tower 2 Rga Tech Park 18 Sarjapur Road Carmelaram Hadosiddapura Doddakannelli, India, Bengaluru, Karnataka, 560035.
What is the corporate identification number (CIN) and company number of Open Financial Technologies Private Limited?
The corporate identification number (CIN) of Open Financial Technologies Private Limited is U67200KA2017PTC166507 and the company number is 054626 as per Ministry of Corporate Affairs (MCA).
What is the official website of Open Financial Technologies Private Limited?
The Official website of Open Financial Technologies Private Limited is https://www.open.money
When was the last Balance Sheet of Open Financial Technologies Private Limited filed with the ROC?
The most recent Balance Sheet for Open Financial Technologies Private Limited was filed with the ROC on 31 Mar 2024.
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