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Flipbill Technologies Private Limited - financial services in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹80.17 Lakh
▲ 444% YoY
Net loss · FY 2024
₹1.72 Cr
Net margin -214%
EBITDA · FY 2024
-₹1.7 Cr
EBITDA margin -211.8%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹2.03 Lakh
Issued & subscribed
Company age
5 yrs
Est. 2021
Employees · EPFO
15
Provident fund records
Directors on board
2
As per MCA filings
About Flipbill Technologies Private Limited
Data last updated:
Flipbill Technologies Private Limited is a private limited company based in Bangalore, Karnataka, India, recognised as a startup by DPIIT. It operates in the digital payment solutions segment of the financial services sector. It was incorporated on 25 March 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2021PTC145877.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹2.03 Lakh. It is led by directors Venkatesan Krishnachari and Sridhar Jagadeesan.
Its last annual general meeting (AGM) was held on 13 November 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at A9 – 1403 Elita Promenade J P Nagar 7th Phase, Bangalore, Karnataka, India – 560078.
As per the financials filed for FY 2024, the company reported a revenue of ₹80.17 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹1.72 Cr (net margin -214%) and EBITDA of -₹1.7 Cr (EBITDA margin -211.8%).
The company has about 15 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Xuriti. The company has 4 deals on record (2 funding rounds, 1 rights issue, 1 secondary share transfer), with disclosed funding of ₹4.89 Cr; the latest was in March 2024. Its 4 peer companies in the BFSI industry (Payment Solution Providers), with the same principal business activity (other information & communication service activities) are compared by revenue, 2 larger and 2 smaller; the largest is A2h Payment Network Private Limited with revenue of ₹85.27 Lakh.
Flipbill Technologies Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0137501). For more details, the company can be reached via its website xuriti.com.
Company details
CIN U72900KA2021PTC145877
Registration Number 145877
Incorporation Date 25 March 2021
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 13 November 2024
Date of Balance Sheet 31 March 2024
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0137501
Recognitions & Rankings of Flipbill Technologies
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2022-23)
- Udyam number
- UDYAM-KR-03-0137501
Contact details
Flipbill Technologies Private Limited's registered office is in Bangalore, Karnataka. Its website is xuriti.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered AddressA9 – 1403 Elita Promenade J P Nagar 7th Phase, Bangalore, Karnataka, India – 560078
- IndustryFinancial Services, Digital Payment Solutions
To see the full contact details of Flipbill Technologies Private Limited, buy the company report.
Comprehensive company report
Flipbill 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
Flipbill Technologies operates one associated brand: Xuriti. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Developer of lending as a service solution | xuriti.com |
Business activity
The main business activity of Flipbill 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 Flipbill Technologies Private Limited, buy the company report.
Financials of Flipbill Technologies Private Limited
FY 2024 filings availableFlipbill Technologies Private Limited reported revenue of ₹80.17 Lakh (up 444% YoY) for FY 2024.
Revenue · FY 2024
₹80.17 Lakh ▲ 444%
Net loss · FY 2024
₹1.72 Cr margin -214%
EBITDA · FY 2024
-₹1.7 Cr margin -211.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 444%
EBITDA CAGR growth
1 year
▲ 33%
Revenue rose 444% in the latest year. EBITDA rose 33% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| 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 | -₹1.7 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹1.72 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -211.8% | |||
| Net Profit Margin | -214% | |||
| 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 | ||||
To see the full financial statements and ratios of Flipbill Technologies Private Limited, buy the company report.
Board of directors of Flipbill Technologies Private Limited
Flipbill Technologies has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Venkatesan Krishnachari Also directs: Flox Enterprises LLP | Director | 25 Mar 2021 | 5 Years 7 Months | Current |
| Sridhar Jagadeesan | Additional Director | 04 May 2024 | 2 Years 6 Months | Current |
Peer comparison
Flipbill Technologies Private Limited is compared with the 4 companies closest to it by revenue in the BFSI industry (Payment Solution Providers), with 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 |
|---|---|---|---|---|---|---|
| A2h Payment Network Private Limited | ₹85.27 Lakh (FY 2024) | 329.0% | Delhi, India | |||
| Creditail Technologies Private Limited | ₹83.89 Lakh (FY 2025) | -14.0% | Bangalore, Karnataka, India | |||
| Flipbill Technologies Private Limitedthis company | ₹80.17 Lakh (FY 2024) | -₹1.72 Cr | -214% | 444.0% | Bangalore, Karnataka, India | |
| Digipocket Solutions Private Limited | ₹75.39 Lakh (FY 2024) | 1803492.0% | Surat, Gujarat, India | |||
| Mobipaisa Communication (OPC) Private Limited | ₹75.36 Lakh (FY 2023) | -22.0% | Vansda, Gujarat, India |
To see the full peer comparison of Flipbill Technologies Private Limited, buy the company report.
Auditor
Flipbill Technologies Private Limited is audited by SWAPNA & PRAHLAD for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SWAPNA & PRAHLAD | FY 2022 | 018670S |
Shareholding
The shareholding of Flipbill Technologies Private Limited is on record for FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Foreign institutional investors (FII) | |
| Public | |
| Others |
To see the full shareholding pattern of Flipbill Technologies Private Limited, buy the company report.
Deals & funding
Flipbill Technologies Private Limited has 4 deals on record (2 funding rounds, 1 rights issue, 1 secondary share transfer), with disclosed funding of ₹4.89 Cr; the latest was in March 2024.
Total deals
4
Funding rounds
2
Rights issue
1
Secondary share transfer
1
Disclosed funding
₹4.89 Cr
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2024 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 3 individuals |
| Nov 2022 | Funding round · Seed | ₹4.44 Cr | Investors: PointOne Capital, 3 individuals |
| Jul 2022 | Funding round | ₹45 Lakh | Investors: an individual |
| Jul 2022 | Rights issue | ₹30 Lakh | Investors: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Flipbill 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 Flipbill Technologies Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Flipbill Technologies Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Flipbill Technologies Private Limited has 5 board changes on record since 2021: 2 appointments and 3 cessations. The latest: Sridhar Jagadeesan was appointed as Additional Director on 04 May 2024.
AGM
Flipbill Technologies Private Limited last Annual general meeting of members was held on 13 Nov 2024 as per latest MCA records.
Appointed
Sridhar Jagadeesan was appointed as Additional Director.
Ceased
Vikas Rameshlal Shah ceased to be Additional Director.
Filing
Flipbill Technologies Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Ceased
Nagesh Kumar Shukla ceased to be Additional Director.
Ceased
Ramarao Srinivasan ceased to be Director.
Appointed
Venkatesan Krishnachari was appointed as Director.
Incorporation
25 Mar 2021
Flipbill Technologies Private Limited was registered on 25 Mar 2021 with Roc Bangalore & aged 5 years 7 months as per MCA records.
Frequently asked questions
Flipbill Technologies is an active private limited company based in Bangalore, Karnataka, India. The company works in digital payment solutions, within the financial services industry. It was incorporated on 25 March 2021 (5+ years old) and is registered under CIN U72900KA2021PTC145877.
Flipbill Technologies has 2 current directors:
- Venkatesan Krishnachari - Director
- Sridhar Jagadeesan - Additional Director
The latest financial statements of Flipbill Technologies on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 13 November 2024. Year-wise statements from FY 2021 are in the company report.
The CIN (Corporate Identification Number) of Flipbill Technologies is U72900KA2021PTC145877. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Flipbill Technologies was incorporated on 25 March 2021, making it 5+ years old. It is registered with the Registrar of Companies, Bangalore.
Flipbill Technologies has 4 deals on record (2 funding rounds, 1 rights issue, 1 secondary share transfer), with disclosed funding of ₹4.89 Cr; the latest was in March 2024.
The peers of Flipbill Technologies by revenue are A2h Payment Network Private Limited, Creditail Technologies Private Limited, Digipocket Solutions Private Limited, Mobipaisa Communication (OPC) Private Limited, all in the BFSI industry (Payment Solution Providers), with the same principal business activity (other information & communication service activities).
Sridhar Jagadeesan was appointed as Additional Director on 04 May 2024. Vikas Rameshlal Shah ceased to be Additional Director on 04 May 2024. Nagesh Kumar Shukla ceased to be Additional Director on 18 Nov 2022. Flipbill Technologies has 5 board changes on record in total.
Yes, Flipbill Technologies is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Flipbill Technologies is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-03-0137501).
Flipbill Technologies can be reached through the website xuriti.com. Its registered office is in Bangalore, Karnataka, India.
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