DPIIT recognised startup Government of India
Startup India
Akudo Technologies Private Limited - internet in Sonipat, Haryana, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹49.22 Lakh
▼ 30% YoY
Net loss · FY 2024
₹6.07 Cr
Latest filing
EBITDA · FY 2024
-₹6.04 Cr
Latest filing
Authorised capital
₹32 Lakh
Registered with MCA
Paid-up capital
₹32 Lakh
Issued & subscribed
Company age
6 yrs
Est. 2020
Employees · EPFO
16
Provident fund records
Directors on board
3
As per MCA filings
About Akudo Technologies Private Limited
Data last updated:
Akudo Technologies Private Limited is a private limited company based in Sonipat, Haryana, India, a subsidiary of Akudo Technologies Inc and recognised as a startup by DPIIT. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the online financial services segment of the internet and digital services sector. It was incorporated on 01 August 2020.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U72900HR2020PTC088020. Its GSTIN is 29AATCA8103G1ZF (Karnataka). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹32 Lakh and a paid-up capital of ₹32 Lakh. It is led by directors including Ganesh Pai Panduranga (Irp/Rp/Liquidator) and Sajal Khanna.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 2382 2nd Floor Sector – 15 Near HUDA Office Model Town, Sonipat, Haryana, India – 131001.
As per the financials filed for FY 2024, the company reported a revenue of ₹49.22 Lakh, a decline of 30% compared to the previous year. For the same year it recorded a net loss of ₹6.07 Cr and EBITDA of -₹6.04 Cr.
The company has about 16 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Akudo. The company has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹30.22 Cr; the latest was in October 2021. Its 10 peer companies in the Ecommerce and Internet industry (Finance) are compared by revenue, 5 larger and 5 smaller; the largest is Mahavir Finance Limited TFR. From Westbengal to Delhi with revenue of ₹49.47 Lakh. The company has 1 MSME Form 1 return on record for the period ending Mar 2022, listing 2 overdue payments to 2 micro and small suppliers.
The last known website on record is akudo.in.
Company Details of Akudo Technologies Private Limited
CIN U72900HR2020PTC088020
Registration Number 088020
Incorporation Date 01 August 2020
ROC Delhi
Listing Status Unlisted
Company Status Under Liquidation
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Parent Company Akudo Technologies Inc
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
Recognitions & Rankings of Akudo Technologies
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Apps
- Registered Address2382 2nd Floor Sector – 15 Near HUDA Office Model Town, Sonipat, Haryana, India – 131001
- IndustryInternet, Online Financial Services
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Business Activity of Akudo Technologies Private Limited
The main business activity of Akudo Technologies is information and communication. In detail, this covers other information & communication service activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
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Financials of Akudo Technologies Private Limited FY 2024 filings available
Akudo Technologies Private Limited reported revenue of ₹49.22 Lakh (down 30% YoY) for FY 2024.
Revenue · FY 2024
₹49.22 Lakh ▼ 30%
Net loss · FY 2024
₹6.07 Cr
EBITDA · FY 2024
-₹6.04 Cr
Compounded Annual Growth Rate (CAGR) of Akudo Technologies Private Limited
Revenue CAGR growth
1 year
▼ 30%
EBITDA CAGR growth
1 year
▲ 42%
3 years · compounded
▼ 761%
Revenue fell 30% in the latest year. EBITDA rose 42% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary of Akudo Technologies Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• |
| EBITDA | -₹6.04 Cr | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹6.07 Cr | •••• | •••• | •••• |
| Balance Sheet | ||||
| Share Capital | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• |
Financial Ratios of Akudo Technologies Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | •••• | •••• | •••• | •••• |
| Net Profit Margin | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• |
| Liquidity and Debt | ||||
| Current Ratio | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• |
| Efficiency and Growth | ||||
| Asset Turnover | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Akudo Technologies are in the company report.
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Financial statements from FY 2021
Earlier years and trend charts are in the company report.
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Board of Directors of Akudo Technologies Private Limited
Akudo Technologies has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Directors (as last reported)
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ganesh Pai Panduranga Also directs: Clutterbot Technologies Private Limited | Irp/Rp/Liquidator | 07 Feb 2025 | 1 Years 8 Months | As last reported |
| Sajal Khanna | Director | 01 Aug 2020 | 6 Years 2 Months | As last reported |
| Lavika Aggarwal | Director | 01 Aug 2020 | 6 Years 2 Months | As last reported |
Peer Comparison of Akudo Technologies Private Limited
Akudo Technologies Private Limited is compared with the companies closest to it by revenue in the Ecommerce and Internet industry (Finance). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Mahavir Finance Limited TFR. From Westbengal to Delhi | ₹49.47 Lakh (FY 2025) | •••• | •••• | -94.0% | •••• | New Delhi, Delhi, India |
| Imperial Money Private Limited | ₹49.45 Lakh (FY 2024) | •••• | •••• | 63.0% | •••• | Nagpur, Maharashtra, India |
| Glosec Finance Private Limited | ₹49.45 Lakh (FY 2025) | •••• | •••• | -75.0% | •••• | Jalandhar, Punjab, India |
| Fundmart India Private Limited | ₹49.4 Lakh (FY 2025) | •••• | •••• | 82.0% | •••• | Mumbai, Maharashtra, India |
| Pioneer Finance Company Private Limited | ₹49.35 Lakh (FY 2025) | •••• | •••• | -89.0% | •••• | Mumbai, Maharashtra, India |
| Akudo Technologies Private Limited this company | ₹49.22 Lakh (FY 2024) | •••• | •••• | -30.0% | •••• | Sonipat, Haryana, India |
| Vikas Finance and Credit Company Private Limited | ₹49.08 Lakh (FY 2024) | •••• | •••• | 34.0% | •••• | Uttar Pradesh, India |
| Ghitora Finance and Investment Private Limited | ₹49.02 Lakh (FY 2025) | •••• | •••• | 13.0% | •••• | New Delhi, Delhi, India |
| Palkar Finance and Consultancy Services Pvt Ltd | ₹49.02 Lakh (FY 2025) | •••• | •••• | 2.0% | •••• | Mumbai, Maharashtra, India |
| Vaasavi Ivf Micro Finance Private Limited | ₹49 Lakh (FY 2025) | •••• | •••• | •••• | Chennai, Tamil Nadu, India | |
| Premium Finance Private Limited | ₹48.97 Lakh (FY 2025) | •••• | •••• | -18.0% | •••• | Vadodara, Gujarat, India |
Peers are the five companies nearest above and the five nearest below Akudo Technologies by revenue in the Ecommerce and Internet industry (Finance), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Akudo Technologies Private Limited
Akudo Technologies Private Limited is audited by Amrutesh Durga and Co for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Amrutesh Durga and Co | Locked | Locked | Locked |
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Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Akudo Technologies Private Limited
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Shareholding and ownership data
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Charges & Borrowings of Akudo Technologies Private Limited
Akudo Technologies Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding of Akudo Technologies Private Limited
Akudo Technologies Private Limited has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹30.22 Cr; the latest was in October 2021.
Total deals
2
Funding round
1
Secondary share transfer
1
Disclosed funding
₹30.22 Cr
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2021 | Funding round | ₹30.22 Cr | Investors: Akudo Technologies Inc |
| Dec 2020 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
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Full deal history
All 2 deals with amounts, valuations, instruments and every party are in the company report.
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Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
MSME Payment Delays by Akudo Technologies Private Limited
Akudo Technologies Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2022, listing 2 overdue payments to 2 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Nextiva International India Private Limited | •••• | •••• | •••• |
| Saavn Media Limited | •••• | •••• | •••• |
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Full MSME payment history
Every supplier, amount and due date from all 1 MSME Form 1 returns is in the company report.
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Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Akudo Technologies Private Limited
Akudo Technologies Private Limited has a workforce of 16 employees as of Mar 31, 2024.
Employee count
16
Active EPFO establishments
1
Employee growth
-52.94%
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Akudo Technologies Private Limited
Akudo Technologies Private Limited has 4 board changes on record since 2020: 3 appointments and 1 cessation. The latest: Ganesh Pai Panduranga was appointed as Irp/Rp/Liquidator on 07 Feb 2025.
Appointed
Ganesh Pai Panduranga was appointed as Irp/Rp/Liquidator.
AGM
Akudo Technologies Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Akudo Technologies Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Delhi.
Ceased
Sakshi Devendra Agrawal ceased to be Director.
Appointed
Lavika Aggarwal was appointed as Director.
Appointed
Sajal Khanna was appointed as Director.
Incorporation
01 Aug 2020
Akudo Technologies Private Limited was registered on 01 Aug 2020 with Roc Delhi & aged 6 years 2 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Akudo Technologies Private Limited
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Subsidiaries & Group Companies of Akudo Technologies Private Limited
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GST Compliance of Akudo Technologies Private Limited
Akudo Technologies has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AATCA8103G1ZF | Karnataka | Active | 25 May 2021 |
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MCA Filings & Documents of Akudo Technologies Private Limited
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Related news about Akudo Technologies Private Limited
Frequently Asked Questions about Akudo Technologies Private Limited
Akudo Technologies is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Akudo Technologies is a company under liquidation, formerly operating as a private limited company based in Sonipat, Haryana, India. The company works in online financial services, within the internet industry. It was incorporated on 01 August 2020 and is registered under CIN U72900HR2020PTC088020. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Akudo Technologies reported revenue of ₹49.22 Lakh for FY 2024 (down 30% YoY).
Akudo Technologies has 3 current directors:
- Sajal Khanna - Director
- Lavika Aggarwal - Director
- Ganesh Pai Panduranga - Irp/Rp/Liquidator
Akudo Technologies reported a net loss of ₹6.07 Cr and EBITDA of -₹6.04 Cr for FY 2024, as per its filed financial statements.
The CIN (Corporate Identification Number) of Akudo Technologies is U72900HR2020PTC088020. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Akudo Technologies was incorporated on 01 August 2020. It is registered with the Registrar of Companies, Delhi.
Akudo Technologies has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹30.22 Cr; the latest was in October 2021.
The peers of Akudo Technologies by revenue are Mahavir Finance Limited TFR. From Westbengal to Delhi, Imperial Money Private Limited, Glosec Finance Private Limited, Fundmart India Private Limited, Pioneer Finance Company Private Limited and 5 more, all in the Ecommerce and Internet industry (Finance).
Ganesh Pai Panduranga was appointed as Irp/Rp/Liquidator on 07 Feb 2025. Sakshi Devendra Agrawal ceased to be Director on 02 Nov 2020. Lavika Aggarwal was appointed as Director on 01 Aug 2020. Akudo Technologies has 4 board changes on record in total.
Yes, Akudo Technologies is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Akudo Technologies has 1 MSME Form 1 return on record for the period ending Mar 2022, listing 2 overdue payments to 2 micro and small suppliers. The latest return was filed on 30 Apr 2022.