DPIIT recognised startup Government of India
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Cuentas Technologies Private Limited - information technology in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹1.02 Lakh
▼ 96% YoY
Net loss · FY 2025
₹5.87 Lakh
Latest filing
EBITDA · FY 2025
-₹1.05 Lakh
EBITDA margin -102.8%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹5 Lakh
Issued & subscribed
Company age
6 yrs
Est. 2020
Directors on board
4
As per MCA filings
Active GSTINs
1
of 2 registered
About Cuentas Technologies Private Limited
Data last updated:
Cuentas Technologies Private Limited is a private limited company based in Bangalore, Karnataka, India, recognised as a startup by DPIIT. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 05 October 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74999KA2020PTC139339. Its GSTIN is 29AAJCC0174F1ZQ (Karnataka). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors including Prateek Nawal and Raman Daga.
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 369 3rd Floor 1st A Cross 7th Block Koramangala, Bangalore, Karnataka, India – 560095.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.02 Lakh, a decline of 96% compared to the previous year. For the same year it recorded a net loss of ₹5.87 Lakh and EBITDA of -₹1.05 Lakh (EBITDA margin -102.8%).
The company is associated with 1 brand: MagikFin.
For more details, the company can be reached via its website magikfin.com.
Company details
CIN U74999KA2020PTC139339
Registration Number 139339
Incorporation Date 05 October 2020
ROC Bangalore
Listing Status Unlisted
Company Status Active
DPIIT Recognition Recognised Startup
Recognitions & Rankings of Cuentas Technologies
Contact details
Cuentas Technologies Private Limited's registered office is in Bangalore, Karnataka. Its website is magikfin.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address369 3rd Floor 1st A Cross 7th Block Koramangala, Bangalore, Karnataka, India – 560095
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Cuentas Technologies Private Limited, buy the company report.
Comprehensive company report
Cuentas 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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Brands
Cuentas Technologies operates one associated brand: MagikFin. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Operates a digital hub for automating compliance document management. | magikfin.com |
Business activity
The main business activity of Cuentas Technologies is information and communication. In detail, this covers other information & communication service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Cuentas Technologies Private Limited, buy the company report.
Financials of Cuentas Technologies Private Limited
FY 2025 filings availableCuentas Technologies Private Limited reported revenue of ₹1.02 Lakh (down 96% YoY) for FY 2025.
Revenue · FY 2025
₹1.02 Lakh ▼ 96%
Net loss · FY 2025
₹5.87 Lakh
EBITDA · FY 2025
-₹1.05 Lakh margin -102.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 96%
EBITDA CAGR growth
1 year
▼ 105%
3 years · compounded
▼ 59%
Revenue fell 96% in the latest year. EBITDA fell 105% 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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| Total Expenses | |||||
| EBITDA | -₹1.05 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹5.87 Lakh | ||||
| 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 | -102.8% | ||||
| Net Profit Margin | |||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Cuentas Technologies Private Limited, buy the company report.
Board of directors of Cuentas Technologies Private Limited
Cuentas Technologies has 4 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Prateek Nawal | Director | 05 Oct 2020 | 6 Years 1 Months | Current |
| Raman Daga | Director | 05 Oct 2020 | 6 Years 1 Months | Current |
| Sourabh Jain Also directs: Cuentas Consulting Private Limited, Valby Ventures LLP, Asmaan Advisory LLP and 1 more | Director | 05 Oct 2020 | 6 Years 1 Months | Current |
| Pankaj Nihal Chand Mehta | Director | 05 Oct 2020 | 6 Years 1 Months | Current |
Peer comparison
Cuentas Technologies Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (other information & communication service activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Detective Group Private Limited | ₹1.02 Lakh (FY 2024) | 289.0% | Indore, Madhya Pradesh, India | |||
| Madlabs Infotech Private Limited | ₹1.02 Lakh (FY 2024) | Gulbarga, Karnataka, India | ||||
| PVK Soft Solutions Private Limited | ₹1.02 Lakh (FY 2020) | K V Ranga Reddy, Telangana, India | ||||
| Securesight Technologies Private Limited | ₹1.02 Lakh (FY 2016) | -23.0% | Mumbai, Maharashtra, India | |||
| Mangovas Digital Private Limited | ₹1.02 Lakh (FY 2025) | Ghaziabad, Uttar Pradesh, India | ||||
| Cuentas Technologies Private Limitedthis company | ₹1.02 Lakh (FY 2025) | -₹5.87 Lakh | -96.0% | Bangalore, Karnataka, India | ||
| Papli Labs Private Limited | ₹1.02 Lakh (FY 2024) | -88.0% | New Delhi, Delhi, India | |||
| Cloudicia Software Solutions Private Limited | ₹1.02 Lakh (FY 2024) | 68.0% | Mohali, Punjab, India | |||
| Satiety Solutions Private Limited | ₹1.02 Lakh (FY 2023) | Hyderabad, Telangana, India | ||||
| Bhadrakali Technology Solutions Private Limited | ₹1.02 Lakh (FY 2016) | Warangal, Telangana, India | ||||
| Athinio Data Systems Private Limited | ₹1.01 Lakh (FY 2024) | 75.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Cuentas Technologies Private Limited, buy the company report.
Auditor
Cuentas Technologies Private Limited is audited by T.Srinivasa & Co. for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| T.Srinivasa & Co. | FY 2022 | 017628C |
Shareholding
The shareholding of Cuentas Technologies Private Limited is on record for FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Foreign institutional investors (FII) | |
| Public | |
| Others |
To see the full shareholding pattern of Cuentas Technologies Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Cuentas Technologies Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Cuentas Technologies Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Cuentas 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 |
|---|---|---|---|
| 29AAJCC0174F1ZQ | Karnataka | Active | 21 Dec 2020 |
To see the full GST registrations and return filing status of Cuentas Technologies Private Limited, buy the company report.
Recent activity
Cuentas Technologies Private Limited has 4 board changes on record since 2020: 4 appointments. The latest: Pankaj Nihal Chand Mehta was appointed as Director on 05 Oct 2020.
AGM
Cuentas Technologies Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Cuentas Technologies Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Appointed
Pankaj Nihal Chand Mehta was appointed as Director.
Appointed
Prateek Nawal was appointed as Director.
Appointed
Raman Daga was appointed as Director.
Appointed
Sourabh Jain was appointed as Director.
Incorporation
05 Oct 2020
Cuentas Technologies Private Limited was registered on 05 Oct 2020 with Roc Bangalore & aged 6 years 1 month as per MCA records.
Frequently asked questions
Cuentas Technologies is an active private limited company based in Bangalore, Karnataka, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 05 October 2020 (6+ years old) and is registered under CIN U74999KA2020PTC139339.
Cuentas Technologies has 4 current directors:
- Prateek Nawal - Director
- Raman Daga - Director
- Sourabh Jain - Director
- Pankaj Nihal Chand Mehta - Director
The latest financial statements of Cuentas 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 2021 are in the company report.
The GSTIN of Cuentas Technologies is 29AAJCC0174F1ZQ, registered in Karnataka. 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 Cuentas Technologies is U74999KA2020PTC139339. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Cuentas Technologies was incorporated on 05 October 2020, making it 6+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Cuentas Technologies by revenue are Detective Group Private Limited, Madlabs Infotech Private Limited, PVK Soft Solutions Private Limited, Securesight Technologies Private Limited, Mangovas Digital Private Limited and 5 more, all in the same principal business activity (other information & communication service activities).
Pankaj Nihal Chand Mehta was appointed as Director on 05 Oct 2020. Prateek Nawal was appointed as Director on 05 Oct 2020. Raman Daga was appointed as Director on 05 Oct 2020. Cuentas Technologies has 4 board changes on record in total.
Yes, Cuentas Technologies is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Cuentas Technologies can be reached through the website magikfin.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Cuentas Technologies is at 369 3rd Floor 1st A Cross 7th Block Koramangala, Bangalore, Karnataka, India – 560095.
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