Startup India Government of India
C2fo India Technologies Private Limited - financial services in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹52.31 Cr
▼ 16% YoY
Net loss · FY 2025
₹5.6 Cr
Net margin -10.7%
EBITDA · FY 2025
-₹5.18 Cr
EBITDA margin -9.9%
Authorised capital
₹120 Cr
Registered with MCA
Paid-up capital
₹119.68 Cr
Issued & subscribed
Company age
7 yrs
Est. 2019
Employees · EPFO
176
Provident fund records
Directors on board
2
As per MCA filings
About C2fo India Technologies Private Limited
Data last updated:
C2fo India Technologies Private Limited is a foreign private limited company based in Mumbai, Maharashtra, India, a subsidiary of Pollen Inc and recognised as a startup by DPIIT. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 18 July 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72900MH2019FTC328207. Its GSTIN is 09AAICC2852M1Z9 (Uttar Pradesh). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹120 Cr and a paid-up capital of ₹119.68 Cr. It is led by directors Raju Kumar Shah and Basant Kaur.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 14 F Vikhroli Corporate Park, Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹52.31 Cr, a decline of 16% compared to the previous year. For the same year it recorded a net loss of ₹5.6 Cr (net margin -10.7%) and EBITDA of -₹5.18 Cr (EBITDA margin -9.9%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years and 86% over five years.
The company has about 176 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: C2FO. Court records list 1 case involving the company, including 1 filed by the company. The company has 6 deals on record (2 rights issues, 2 convertible or debt financings, 1 funding round), with disclosed funding of ₹51.47 Cr; the latest was in July 2026. Its 9 peer companies in the same principal business activity (computer programming, consultancy and related activities) are compared by revenue, 5 larger and 4 smaller; the largest is Parkar Global Technologies Private Limited with revenue of ₹52.47 Cr. The company has 1 MSME Form 1 return on record for the period ending Sep 2020, listing 29 overdue payments to 1 micro and small supplier.
C2fo India Technologies Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-18-0018949). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website c2fo.com.
Company details
CIN U72900MH2019FTC328207
Registration Number 328207
Incorporation Date 18 July 2019
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Pollen Inc
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification Small
Udyam Registration UDYAM-MH-18-0018949
Key People
Raju Kumar Shah Director Basant Kaur Director Recognitions & Rankings of C2fo India Technologies
MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-18-0018949
Contact details
C2fo India Technologies Private Limited's registered office is in Mumbai, Maharashtra. Its website is c2fo.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address12 13 & 14 F Vikhroli Corporate Park Tower – B, Lbs Marg Vikhroli West, Mumbai, Maharashtra, India – 400079
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of C2fo India Technologies Private Limited, buy the company report.
Comprehensive company report
C2fo India Technologies Private Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
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Business activity
The main business activities of C2fo India Technologies are information and communication and financial and insurance service. In detail, this covers computer programming, consultancy and related activities and other financial activities. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities | |
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of C2fo India Technologies Private Limited, buy the company report.
Financials of C2fo India Technologies Private Limited
FY 2025 filings availableC2fo India Technologies Private Limited reported revenue of ₹52.31 Cr (down 16% YoY) for FY 2025.
Revenue · FY 2025
₹52.31 Cr ▼ 16%
Net loss · FY 2025
₹5.6 Cr margin -10.7%
EBITDA · FY 2025
-₹5.18 Cr margin -9.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 16%
3 years · compounded
▲ 5%
5 years · compounded
▲ 86%
EBITDA CAGR growth
1 year
▲ 76%
3 years · compounded
▲ 62%
5 years · compounded
▲ 21%
Revenue fell 16% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 86%. EBITDA rose 76% 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | -₹5.18 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹5.6 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -9.9% | ||||
| Net Profit Margin | -10.7% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of C2fo India Technologies Private Limited, buy the company report.
Board of directors of C2fo India Technologies Private Limited
C2fo India Technologies has 2 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Raju Kumar Shah Also directs: Goodcom India Private Limited | Director | 21 May 2025 | 1 Years 5 Months | Current |
| Basant Kaur | Director | 01 Apr 2022 | 4 Years 6 Months | Current |
Peer comparison
C2fo India Technologies Private Limited is compared with the 9 companies closest to it by revenue in the same principal business activity (computer programming, consultancy and related activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Parkar Global Technologies Private Limited | ₹52.47 Cr (FY 2025) | 25.0% | Pune, Maharashtra, India | |||
| Appzen Labs India Private Limited | ₹52.44 Cr (FY 2025) | 19.0% | Pune, Maharashtra, India | |||
| Ensemble Health Partners India Private Limited | ₹52.44 Cr (FY 2024) | 13.0% | Chandigarh, India | |||
| Oracle (Ofss) BPO Services Limited | ₹52.44 Cr (FY 2025) | 14.0% | New Delhi, Delhi, India | |||
| Skillsoft Software Services India Private Limited | ₹52.42 Cr (FY 2022) | -5.0% | Bangalore, Karnataka, India | |||
| C2fo India Technologies Private Limitedthis company | ₹52.31 Cr (FY 2025) | -₹5.6 Cr | -10.7% | -16.0% | 176 | Mumbai, Maharashtra, India |
| Tectoro Consulting Private Limited | ₹52.24 Cr (FY 2025) | -39.0% | Hyderabad, Telangana, India | |||
| Amparo Technology Private Limited | ₹52.18 Cr (FY 2025) | -18.0% | Hyderabad, Telangana, India | |||
| Calance Software Private Limited | ₹52.15 Cr (FY 2025) | -9.0% | New Delhi, Delhi, India | |||
| Kaizen IT Services Pvt Ltd | ₹52.11 Cr (FY 2025) | 24.0% | Kolkata, West Bengal, India |
To see the full peer comparison of C2fo India Technologies Private Limited, buy the company report.
Auditor
C2fo India Technologies Private Limited is audited by S.N. Dhawan & Co LLP for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.N. Dhawan & Co LLP | FY 2022 | 000050N/N500045 |
Shareholding
The shareholding of C2fo India Technologies Private Limited is on record for 4 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of C2fo India Technologies Private Limited, buy the company report.
Deals & funding
C2fo India Technologies Private Limited has 6 deals on record (2 rights issues, 2 convertible or debt financings, 1 funding round), with disclosed funding of ₹51.47 Cr; the latest was in July 2026.
Total deals
6
Rights issues
2
Convertible or debt financings
2
Funding round
1
Acquisition
1
Disclosed funding
₹51.47 Cr
Deals on record (4 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2026 | Acquisition | Undisclosed | Buyer: Mynd Ifsc Private Limited Seller: Pollen Inc |
| Aug 2021 | Funding round | ₹84.5 Lakh | Investors: Pollen Inc |
| Nov 2019 | Rights issue | ₹45.34 Cr | Investors: Pollen Inc |
| Sep 2019 | Rights issue | ₹27.26 Cr | Investors: Pollen Inc |
To see the full deal history of C2fo India Technologies Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
C2fo India Technologies Private Limited has 1 court case on record: 1 filed by C2fo India Technologies. All case is disposed.
Total cases
1
Filed by the company
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Mumbai | Court case (C.P.(CAA)) | Filed by the company | Disposed |
To see the full case history of C2fo India Technologies Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
C2fo India Technologies Private Limited has 1 MSME Form 1 return on record for the period ending Sep 2020, listing 29 overdue payments to 1 micro and small supplier. 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 (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Inde Global Consulting LLP |
To see the full MSME payment records of C2fo India Technologies Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
C2fo India Technologies Private Limited has a workforce of 176 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
Employee count
176
Active EPFO establishments
1
Employee growth
-7.37%
GST
C2fo India 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 |
|---|---|---|---|
| 09AAICC2852M1Z9 | Uttar Pradesh | Active | 01 May 2022 |
To see the full GST registrations and return filing status of C2fo India Technologies Private Limited, buy the company report.
Recent activity
C2fo India Technologies Private Limited has 10 board changes on record since 2020: 2 appointments and 8 cessations. The latest: Raju Kumar Shah ceased to be Additional Director on 29 Sep 2025.
AGM
C2Fo India Technologies Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Ceased
Raju Kumar Shah ceased to be Additional Director.
Appointed
Raju Kumar Shah was appointed as Director.
Filing
C2Fo India Technologies Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Ceased
Hrushit Tailap Shah ceased to be Additional Director.
Ceased
Nadeem Nayeem Khan ceased to be Additional Director.
Ceased
Basant Kaur ceased to be Additional Director.
Ceased
Nikhil Gupta ceased to be Additional Director.
Ceased
Kerri Renee Thurston ceased to be Director.
Ceased
Pradeep Kumar Gode ceased to be Director.
Appointed
Basant Kaur was appointed as Director.
Ceased
Komal Kiran Salian ceased to be Additional Director.
1 earlier event is in the company report.
News
Frequently asked questions
C2fo India Technologies is an active foreign private limited company based in Mumbai, Maharashtra, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 18 July 2019 (7+ years old) and is registered under CIN U72900MH2019FTC328207.
C2fo India Technologies has 2 current directors:
- Raju Kumar Shah - Director
- Basant Kaur - Director
The latest financial statements of C2fo India Technologies on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2020 are in the company report.
The GSTIN of C2fo India Technologies is 09AAICC2852M1Z9, registered in Uttar Pradesh. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of C2fo India Technologies is U72900MH2019FTC328207. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
C2fo India Technologies has 1 court case on record: 1 filed by the company.
C2fo India Technologies was incorporated on 18 July 2019, making it 7+ years old. It is registered with the Registrar of Companies, Mumbai.
C2fo India Technologies has 6 deals on record (2 rights issues, 2 convertible or debt financings, 1 funding round), with disclosed funding of ₹51.47 Cr; the latest was in July 2026.
The peers of C2fo India Technologies by revenue are Parkar Global Technologies Private Limited, Appzen Labs India Private Limited, Ensemble Health Partners India Private Limited, Oracle (Ofss) BPO Services Limited, Skillsoft Software Services India Private Limited and 4 more, all in the same principal business activity (computer programming, consultancy and related activities).
Raju Kumar Shah ceased to be Additional Director on 29 Sep 2025. Raju Kumar Shah was appointed as Director on 21 May 2025. Hrushit Tailap Shah ceased to be Additional Director on 29 Sep 2024. C2fo India Technologies has 10 board changes on record in total.
Yes, C2fo India Technologies is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, C2fo India Technologies is registered as a small enterprise under Udyam registration (number: UDYAM-MH-18-0018949).