Startup India Government of India
Indyfint Private Limited - financial services in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹1.58 Lakh
▼ 98% YoY
Net profit · FY 2023
₹1.12 Lakh
Net margin 70.7%
EBITDA · FY 2023
-₹46,304
EBITDA margin -29.3%
Authorised capital
₹10 Lakh
Registered with MCA
Company age
7 yrs
Est. 2019
Directors on board
2
As per MCA filings
Active GSTINs
1
GST registered
Brands
2
Associated brands
About Indyfint Private Limited
Data last updated:
Indyfint 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 21 August 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2019PTC127225. Its GSTIN is 29AAFCI3782B1ZK (Karnataka).
The company has an authorised share capital of ₹10 Lakh. It is led by directors Desikachari Padmanabhan and Swetha Padmanabhan.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 202 2nd Floor Touchdown No. 1 & 2 Hal Industrial Area, Bangalore, Karnataka, India – 560037.
As per the financials filed for FY 2023, the company reported a revenue of ₹1.58 Lakh, a decline of 98% compared to the previous year. For the same year it recorded a net profit of ₹1.12 Lakh (net margin 70.7%) and EBITDA of -₹46,304 (EBITDA margin -29.3%).
The company is associated with 2 brands: Nsrcel and indyFint. The company has 1 deal on record (1 funding round), with disclosed funding of ₹14.91 Cr; the latest was in December 2019.
Indyfint Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0021712). For more details, the company can be reached via its website indyfint.com.
Company details
CIN U72900KA2019PTC127225
Registration Number 127225
Incorporation Date 21 August 2019
ROC Bangalore
Listing Status Unlisted
Company Status Active
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0021712
Recognitions & Rankings of Indyfint
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-KR-03-0021712
Contact details
Indyfint Private Limited's registered office is in Bangalore, Karnataka. Its website is indyfint.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address202 2nd Floor Touchdown No. 1 & 2 Hal Industrial Area, Bangalore, Karnataka, India – 560037
- IndustryFinancial Services, Digital Payment Solutions
To see the full contact details of Indyfint Private Limited, buy the company report.
Comprehensive company report
Indyfint 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
Indyfint operates two associated brands: NSRCEL and indyFint. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Incubation and support services for startups in technology, innovation, and social impact in India. | nsrcel.org | |
| White-label solutions for mobile payments are provided to corporates. | indyfint.com |
Financials of Indyfint Private Limited
FY 2024 filings availableIndyfint Private Limited reported revenue of ₹1.58 Lakh (down 98% YoY) for FY 2023.
Revenue · FY 2023
₹1.58 Lakh ▼ 98%
Net profit · FY 2023
₹1.12 Lakh margin 70.7%
EBITDA · FY 2023
-₹46,304 margin -29.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 98%
Revenue fell 98% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹1.58 Lakh | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹46,304 | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹1.12 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
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -29.3% | |||
| Net Profit Margin | 70.7% | |||
| 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 Indyfint Private Limited, buy the company report.
Board of directors of Indyfint Private Limited
Indyfint has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Desikachari Padmanabhan Also directs: Istreet Network Limited, Indygen Labs Private Limited, Indyfort Private Limited and 5 more | Director | 21 Aug 2019 | 7 Years 2 Months | Current |
| Swetha Padmanabhan | Additional Director | 21 Oct 2024 | 2 Years 0 Months | Current |
Auditor
Indyfint Private Limited is audited by SRINIVASAN & SHANKAR for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SRINIVASAN & SHANKAR | FY 2023 | 005093S |
Shareholding
The shareholding of Indyfint 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 Indyfint Private Limited, buy the company report.
Deals & funding
Indyfint Private Limited has 1 deal on record (1 funding round), with disclosed funding of ₹14.91 Cr; the latest was in December 2019.
Total deals
1
Funding round
1
Disclosed funding
₹14.91 Cr
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2019 | Funding round · Series A | ₹14.91 Cr | Investors: 3 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 Indyfint 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 Indyfint Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Indyfint has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAFCI3782B1ZK | Karnataka | Active | 16 Oct 2020 |
To see the full GST registrations and return filing status of Indyfint Private Limited, buy the company report.
Recent activity
Indyfint Private Limited has 3 board changes on record since 2019: 2 appointments and 1 cessation. The latest: Shailendra Somarouthu Naidu ceased to be Director on 21 Oct 2024.
Ceased
Shailendra Somarouthu Naidu ceased to be Director.
Appointed
Swetha Padmanabhan was appointed as Additional Director.
AGM
Indyfint Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Indyfint Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Appointed
Desikachari Padmanabhan was appointed as Director.
Incorporation
21 Aug 2019
Indyfint Private Limited was registered on 21 Aug 2019 with Roc Bangalore & aged 7 years 2 months as per MCA records.
News
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Frequently asked questions
Indyfint 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 21 August 2019 (7+ years old) and is registered under CIN U72900KA2019PTC127225.
Indyfint has 2 current directors:
- Desikachari Padmanabhan - Director
- Swetha Padmanabhan - Additional Director
The latest financial statements of Indyfint on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2020 are in the company report.
The GSTIN of Indyfint is 29AAFCI3782B1ZK, registered in Karnataka.
The CIN (Corporate Identification Number) of Indyfint is U72900KA2019PTC127225. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Indyfint was incorporated on 21 August 2019, making it 7+ years old. It is registered with the Registrar of Companies, Bangalore.
Indyfint has 1 deal on record (1 funding round), with disclosed funding of ₹14.91 Cr; the latest was in December 2019.
Shailendra Somarouthu Naidu ceased to be Director on 21 Oct 2024. Swetha Padmanabhan was appointed as Additional Director on 21 Oct 2024. Desikachari Padmanabhan was appointed as Director on 21 Aug 2019.
Yes, Indyfint is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Indyfint is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-03-0021712).
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