About Finaxar Technology Solutions Private Limited
Data last updated:
Finaxar Technology Solutions Private Limited was a foreign private limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Finaxar Holdings Pte. Ltd.. The company has been dissolved under section 59(8) as per MCA records and no longer exists as a legal entity. Any dealings with a dissolved entity carry legal and financial risk. It operated in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 10 September 2018.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2018FTC313820. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹1 Cr and a paid-up capital of ₹1 Cr. It was led by directors Amit Prakash Nerurkar and Shubham Gupta.
Its last annual general meeting (AGM) was held on 23 May 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office was at Mumbai, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹2.21 Cr, a decline of 51% compared to the previous year. For the same year it recorded a net loss of ₹9.83 Lakh (net margin -4.4%) and EBITDA of -₹9.19 Lakh (EBITDA margin -4.2%). Revenue has declined at a compounded annual rate (CAGR) of 15% over three years.
The company had about 6 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: Finaxar. Court records list 1 case involving the company, including 1 filed against it.
The last known website on record is finaxar.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressLevel 1 First International Financial Center Plot Nos.C – 54 And C – 55 G Block Bandra, Kurla Comp, Mumbai, Maharashtra, India – 400051
- IndustryInformation Technology, IT Consulting & Support Services
- 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 of Finaxar Technology Solutions Private Limited
The main business activity of Finaxar Technology Solutions is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related 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 Finaxar Technology Solutions Private Limited FY 2024 filings available
Finaxar Technology Solutions Private Limited reported revenue of ₹2.21 Cr (down 51% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Finaxar Technology Solutions Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 15% over three years, including a 51% fall in the latest year. EBITDA rose 24% 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 Finaxar Technology Solutions Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | -₹9.19 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹9.83 Lakh | •••• | •••• | •••• | •••• |
| 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 Finaxar Technology Solutions Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -4.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -4.4% | •••• | •••• | •••• | •••• |
| 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 Finaxar Technology Solutions are in the company report.
Financial statements from FY 2019
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.
Peer Comparison of Finaxar Technology Solutions Private Limited
Finaxar Technology Solutions Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Computer programming, consultancy and related activities). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Nteli Technologies Private Limited | ₹2.21 Cr (FY 2024) | •••• | •••• | 12.0% | •••• | Chennai, Tamil Nadu, India |
| Mwi India Private Limited | ₹2.21 Cr (FY 2025) | •••• | •••• | -11.0% | •••• | Bengaluru, Karnataka, India |
| Gfuture Tech Private Limited | ₹2.21 Cr (FY 2025) | •••• | •••• | 35.0% | •••• | Ahmedabad, Gujarat, India |
| Zivov Technologies Private Limited | ₹2.21 Cr (FY 2024) | •••• | •••• | 322.0% | •••• | Delhi, India |
| Govinda Solutions Private Limited | ₹2.21 Cr (FY 2025) | •••• | •••• | 140.0% | •••• | Pune, Maharashtra, India |
| Finaxar Technology Solutions Private Limited this company | ₹2.21 Cr (FY 2024) | •••• | •••• | -51.0% | •••• | Mumbai, Maharashtra, India |
| Meharsoft Technologies Private Limited | ₹2.21 Cr (FY 2025) | •••• | •••• | -9.0% | •••• | Malout, Punjab, India |
| VJL IT Augments Private Limited | ₹2.21 Cr (FY 2024) | •••• | •••• | -19.0% | •••• | Hyderabad, Telangana, India |
| Kloudstack Computes Private Limited | ₹2.21 Cr (FY 2025) | •••• | •••• | 247.0% | •••• | Pune, Maharashtra, India |
| Adacle IT Solutions Private Limited | ₹2.21 Cr (FY 2025) | •••• | •••• | 2.0% | •••• | Pune, Maharashtra, India |
| Sumcircle Technologies Private Limited | ₹2.21 Cr (FY 2025) | •••• | •••• | 134.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Finaxar Technology Solutions by revenue in the same principal business activity (Computer programming, consultancy and related activities), 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 Finaxar Technology Solutions Private Limited
Finaxar Technology Solutions Private Limited is audited by MUKUND & ROHIT for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| MUKUND & ROHIT | 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.
Board of Directors of Finaxar Technology Solutions Private Limited
Finaxar Technology Solutions has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Amit Prakash Nerurkar | Director | 10 Aug 2021 | 5 Years 2 Months | As last reported |
| Shubham Gupta | Director | 08 Jun 2024 | 2 Years 4 Months | As last reported |
Ownership and Shareholding of Finaxar Technology Solutions 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 Finaxar Technology Solutions Private Limited
Finaxar Technology Solutions Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Legal Cases of Finaxar Technology Solutions Private Limited
Finaxar Technology Solutions Private Limited has 1 court case on record: 1 filed against it. All case is disposed. Status as checked on 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Arbitration matter | Filed against the company by Springboard Solutions Private Limited | Disposed |
Full case history
All 1 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.
Associated Brands with Finaxar Technology Solutions Private Limited
Finaxar Technology Solutions operates one associated brand: Finaxar. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Accounting software is developed for small and medium enterprises. | finaxar.com |
Employees and EPFO Compliance at Finaxar Technology Solutions Private Limited
Finaxar Technology Solutions Private Limited has a workforce of 6 employees as of Apr 06, 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 Finaxar Technology Solutions Private Limited
Finaxar Technology Solutions Private Limited has 7 board changes on record since 2021: 2 appointments and 5 cessations. The latest: Shubham Gupta ceased to be Additional Director on 27 Jun 2024.
Credit Ratings, Litigation & Regulatory Alerts for Finaxar Technology Solutions 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.
MSME Payment Delays by Finaxar Technology Solutions Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Finaxar Technology Solutions 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 Finaxar Technology Solutions Private Limited
Finaxar Technology Solutions has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
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 Finaxar Technology Solutions 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 Finaxar Technology Solutions Private Limited
Finaxar Technology Solutions has been "Dissolved Under Section 59(8)" as per MCA records. The company has ceased to exist as a legal entity. Any contracts or dealings with a dissolved entity may be legally unenforceable.
Finaxar Technology Solutions was a foreign private limited company based in Mumbai, Maharashtra, India. The company worked in IT consulting and support services, within the information technology industry. It was incorporated on 10 September 2018 and is registered under CIN U74999MH2018FTC313820. The company is recorded as dissolved under section 59(8) in MCA records and no longer exists as a legal entity.
Finaxar Technology Solutions was incorporated on 10 September 2018. It is registered with the Registrar of Companies, Mumbai.
Finaxar Technology Solutions had 2 directors:
- Amit Prakash Nerurkar - Director
- Shubham Gupta - Director
The CIN (Corporate Identification Number) of Finaxar Technology Solutions is U74999MH2018FTC313820. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Finaxar Technology Solutions is at Level 1 First International Financial Center Plot Nos.C – 54 And C – 55 G Block Bandra, Kurla Comp, Mumbai, Maharashtra, India – 400051.
Finaxar Technology Solutions can be reached through the website finaxar.com. Its registered office is in Mumbai, Maharashtra, India.
Finaxar Technology Solutions reported revenue of ₹2.21 Cr for FY 2024 (down 51% YoY).
Finaxar Technology Solutions has an authorised share capital of ₹1 Cr and a paid-up capital of ₹1 Cr.
Finaxar Technology Solutions reported a net loss of ₹9.83 Lakh (net margin -4.4%) and EBITDA of -₹9.19 Lakh (EBITDA margin -4.2%) for FY 2024, as per its filed financial statements.
No. Finaxar Technology Solutions has 1 GST registration on record and it is cancelled or inactive.