About Etyacol Technologies Private Limited
Data last updated:
Etyacol Technologies Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the non-banking financial services (NBFC) segment of the financial services sector. It was incorporated on 27 April 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2012PTC063749.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹2.01 Lakh. It is led by directors including Yogesh Sudhir Joshi and Dhiren Makhija.
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 346 – 4 4th Main Road Upper Palace Orchards Sadashivanagar, Bangalore, Karnataka, India – 560080.
As per the financials filed for FY 2022, the company reported a revenue of ₹4.55 Lakh, a decline of 47% compared to the previous year. For the same year it recorded a net loss of ₹1.3 Cr and EBITDA of -₹1.01 Cr. Revenue has declined at a compounded annual rate (CAGR) of 62% over three years and 25% over five years.
The company has about 6 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Etyacol Technologies and CashKumar. Court records list 513 cases involving the company, including 512 filed by the company and 1 filed against it; 1 case is pending. The company has 3 deals on record (2 funding rounds, 1 convertible or debt financing), with disclosed funding of ₹8.58 Cr; the latest was in November 2021. Its 10 peer companies in the BFSI industry (Peer to Peer NBFC, Small Non Deposit NBFC) are compared by revenue, 5 larger and 5 smaller; the largest is Pinewood Exim Pvt Ltd with revenue of ₹4.63 Lakh. The company has 4 MSME Form 1 returns on record between 2020 and 2021, listing 41 overdue payments to 3 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website etyacol.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address346 – 4 4th Main Road Upper Palace Orchards Sadashivanagar, Bangalore, Karnataka, India – 560080
- IndustryFinancial Services, NBFC
- 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
- One PDF report, delivered after checkout
Associated Brands with Etyacol Technologies Private Limited
Etyacol Technologies operates two associated brands: ETYACOL TECHNOLOGIES and CashKumar. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| A fintech company operating a peer-to-peer lending platform that connects borrowers and lenders with digital solutions. | etyacol.com | |
| Peer-to-peer lending platform connecting borrowers to lenders is operated. | cashkumar.com |
Business Activity of Etyacol Technologies Private Limited
The main business activity of Etyacol Technologies is financial and insurance service. In detail, this covers other financial activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Etyacol Technologies Private Limited FY 2025 filings available
Etyacol Technologies Private Limited reported revenue of ₹4.55 Lakh (down 47% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR) of Etyacol Technologies Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 25% over five years, including a 47% fall in the latest year. EBITDA fell 131% 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 Etyacol Technologies Private Limited
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹4.55 Lakh | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹1.01 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹1.3 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 Etyacol Technologies Private Limited
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| 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 Etyacol Technologies are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of Etyacol Technologies Private Limited
Etyacol Technologies has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Yogesh Sudhir Joshi Also directs: Mahafund Digital Chits Private Limited | Director | 27 Apr 2012 | 14 Years 5 Months | Current |
| Dhiren Makhija | Director | 27 Apr 2012 | 14 Years 5 Months | Current |
| Kannan Kandappan Also directs: Mahafund Digital Chits Private Limited | Director | 27 Apr 2012 | 14 Years 5 Months | Current |
Peer Comparison of Etyacol Technologies Private Limited
Etyacol Technologies Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Peer to Peer NBFC, Small Non Deposit NBFC). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Pinewood Exim Pvt Ltd | ₹4.63 Lakh (FY 2024) | •••• | •••• | 2.0% | •••• | Kolkata, West Bengal, India |
| Gitco Dealcom Pvt Ltd | ₹4.62 Lakh (FY 2024) | •••• | •••• | •••• | Kolkata, West Bengal, India | |
| Victoria Trade and Finance Ltd | ₹4.62 Lakh (FY 2024) | •••• | •••• | -21.0% | •••• | Kolkata, West Bengal, India |
| Iris Commercial Pvt Ltd | ₹4.61 Lakh (FY 2025) | •••• | •••• | -3.0% | •••• | Kolkata, West Bengal, India |
| Harroze Enterprises Pvt Ltd | ₹4.61 Lakh (FY 2025) | •••• | •••• | 114.0% | •••• | Kolkata, West Bengal, India |
| Etyacol Technologies Private Limited this company | ₹4.55 Lakh (FY 2022) | •••• | •••• | -47.0% | •••• | Bangalore, Karnataka, India |
| Givetake Trade & Credit Pvt Ltd | ₹4.52 Lakh (FY 2021) | •••• | •••• | -15.0% | •••• | Kolkata, West Bengal, India |
| Priti Tradefin Pvt Ltd | ₹4.51 Lakh (FY 2025) | •••• | •••• | -49.0% | •••• | Kolkata, West Bengal, India |
| Turf Advertising & Marketing Company Pvt.Ltd. | ₹4.5 Lakh (FY 2025) | •••• | •••• | 127.0% | •••• | Kolkata, West Bengal, India |
| Mercury Fund Management Company Ltd | ₹4.5 Lakh (FY 2025) | •••• | •••• | •••• | Kolkata, West Bengal, India | |
| Kashiba Finance Private Limited | ₹4.48 Lakh (FY 2024) | •••• | •••• | •••• | Anand, Gujarat, India |
Peers are the five companies nearest above and the five nearest below Etyacol Technologies by revenue in the BFSI industry (Peer to Peer NBFC, Small Non Deposit NBFC), 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 Etyacol Technologies Private Limited
Etyacol Technologies Private Limited is audited by Satish and Ravi Associates for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Satish and Ravi Associates | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Etyacol Technologies Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Etyacol Technologies Private Limited
Etyacol Technologies Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding of Etyacol Technologies Private Limited
Etyacol Technologies Private Limited has 3 deals on record (2 funding rounds, 1 convertible or debt financing), with disclosed funding of ₹8.58 Cr; the latest was in November 2021.
Deals on record (2 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2021 | Funding round | ₹2.51 Cr | Investors: Ntex Transportation Services Private Limited |
| Mar 2018 | Funding round | ₹5.01 Cr | Investors: 4 individuals |
Full deal history
All 3 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Etyacol Technologies Private Limited
Etyacol Technologies Private Limited has 513 court cases on record: 512 filed by Etyacol Technologies, 1 filed against it. 1 case is pending and 512 are disposed. Status as checked between 29 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 513 | 1 | 1 |
Cases on record (5 of 513)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Appeal | Filed against the company by Myvacala Private Limited | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Myvacala Private Limited | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against an individual | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against an individual | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against an individual | Disposed |
Full case history
All 513 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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 by Etyacol Technologies Private Limited
Etyacol Technologies Private Limited has 4 MSME Form 1 returns on record between 2020 and 2021, listing 41 overdue payments to 3 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 (3 of 3)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Finbonacci Softsys Private Limited | •••• | •••• | •••• |
| Perfios Software Solutions Private Limited | •••• | •••• | •••• |
| Lemma Technologies (I) Private Limited | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 4 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
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 Etyacol Technologies Private Limited
Etyacol Technologies Private Limited has a workforce of 6 employees as of Apr 09, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Etyacol Technologies Private Limited
Etyacol Technologies Private Limited has 3 board changes on record since 2012: 3 appointments. The latest: Dhiren Makhija was appointed as Director on 27 Apr 2012.
Credit Ratings, Litigation & Regulatory Alerts for Etyacol Technologies Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Etyacol Technologies Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Etyacol Technologies Private Limited
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Etyacol Technologies Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Etyacol Technologies Private Limited
Etyacol Technologies is an active private limited company based in Bangalore, Karnataka, India. The company works in nbfc, within the financial services industry. It was incorporated on 27 April 2012 (14+ years old) and is registered under CIN U72200KA2012PTC063749.
Etyacol Technologies reported revenue of ₹4.55 Lakh for FY 2022 (down 47% YoY).
Etyacol Technologies has 3 current directors:
- Yogesh Sudhir Joshi - Director
- Dhiren Makhija - Director
- Kannan Kandappan - Director
Etyacol Technologies reported a net loss of ₹1.3 Cr and EBITDA of -₹1.01 Cr for FY 2022, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Etyacol Technologies is -62% over three years and -25% over five years. In the latest year (FY 2022) revenue fell 47%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Etyacol Technologies is U72200KA2012PTC063749. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Etyacol Technologies has 513 court cases on record: 512 filed by the company and 1 filed against it. 1 is pending.
Etyacol Technologies was incorporated on 27 April 2012, making it 14+ years old. It is registered with the Registrar of Companies, Bangalore.
Etyacol Technologies has 3 deals on record (2 funding rounds, 1 convertible or debt financing), with disclosed funding of ₹8.58 Cr; the latest was in November 2021.
The peers of Etyacol Technologies by revenue are Pinewood Exim Pvt Ltd, Gitco Dealcom Pvt Ltd, Victoria Trade and Finance Ltd, Iris Commercial Pvt Ltd, Harroze Enterprises Pvt Ltd and 5 more, all in the BFSI industry (Peer to Peer NBFC, Small Non Deposit NBFC).
Dhiren Makhija was appointed as Director on 27 Apr 2012. Kannan Kandappan was appointed as Director on 27 Apr 2012. Yogesh Sudhir Joshi was appointed as Director on 27 Apr 2012.
Etyacol Technologies has 4 MSME Form 1 returns on record between 2020 and 2021, listing 41 overdue payments to 3 micro and small suppliers. The latest return was filed on 31 Oct 2021.