About Minance Technologies Private Limited
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Minance Technologies Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 28 September 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74999KA2016PTC096810. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹2 Lakh. It is led by directors Anurag Bhatia and Soham Soumya Sarkar.
Its last annual general meeting (AGM) was held on 26 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at No. 35/37 (Old No. 598) 11th Main Road Jayanagar 5th Block Bangalore – 560041, Karnataka, India – 560041.
As per the financials filed for FY 2018, the company reported a revenue of ₹9.41 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹59.3 Lakh (net margin -6.3%) and EBITDA of -₹8.06 Lakh (EBITDA margin -0.9%).
The company has about 11 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Minance. Court records list 15 cases involving the company, including 15 filed against it; 6 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website minance.com.
Company details
Contact details
Minance Technologies Private Limited's registered office is in Bangalore, Karnataka. Its website is minance.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo. 35/37 (Old No. 598) 11th Main Road Jayanagar 5th Block Bangalore – 560041, Karnataka, India – 560041
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of Minance Technologies Private Limited, buy the company report.
- 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
Brands
Minance Technologies operates one associated brand: Minance. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| An investment and wealth management platform for personalized financial solutions. | minance.com |
Business activity
The main business activity of Minance Technologies is financial and insurance service. In detail, this covers financial advisory, brokerage and consultancy services.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K7 | Financial Advisory, brokerage and Consultancy Services |
To see the full business activity and turnover split of Minance Technologies Private Limited, buy the company report.
Financials of Minance Technologies Private Limited
FY 2018 filings availableMinance Technologies Private Limited reported revenue of ₹9.41 Cr (up 3470% YoY) for FY 2018.
Financial Statement Summary
| Metrics | FY 2017-18 | FY 2016-17 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ₹9.41 Cr | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | -₹8.06 Lakh | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹59.3 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 2017-18 | FY 2016-17 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | -0.9% | |
| Net Profit Margin | -6.3% | |
| 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 Minance Technologies Private Limited, buy the company report.
Board of directors of Minance Technologies Private Limited
Minance Technologies has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anurag Bhatia | Director | 28 Sep 2016 | 10 Years 1 Months | Current |
| Soham Soumya Sarkar | Director | 18 Jun 2019 | 7 Years 4 Months | Current |
Auditor
Minance Technologies Private Limited is audited by MOHAN KUMAR M & ASSOCIATES for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MOHAN KUMAR M & ASSOCIATES | FY 2018 | 013708S |
Shareholding
The shareholding of Minance Technologies Private Limited is on record for 2 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Minance Technologies Private Limited, buy the company report.
Legal cases
Minance Technologies Private Limited has 15 court cases on record: 15 filed against it. 6 cases are pending and 9 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 14 | 14 | 6 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 15)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Court case (Com.EX.) | Filed against the company by an individual | Pending |
| District court, Coimbatore, Tamil Nadu | Criminal case | Filed against the company by an individual | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Court case (SPL.CASE) | Filed against the company | Pending |
| District court, Patna, Bihar | Court case (Cr. Case Complaint (P)) | Filed against the company by M/S Dipti Realities | Pending |
| District court, Mandi, Himachal Pradesh | Cheque dishonour complaint | Filed against the company by an individual | Pending |
To see the full case history of Minance Technologies Private Limited, buy the company report.
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
No delayed payments to MSME suppliers are on our record for Minance Technologies Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Minance Technologies has 1 subsidiary company. This group structure data is as of FY 2018. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Minance Investment Advisors Private Limited | U74999KA2017PTC108408 |
To see the full group structure of Minance Technologies Private Limited, buy the company report.
Employees & EPFO
Minance Technologies Private Limited has a workforce of 11 employees on its EPFO records as of Jul 2019, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2019-20 | 11 |
| FY 2018-19 | |
| FY 2017-18 |
To see the full employee and EPFO history of Minance Technologies Private Limited, buy the company report.
GST
Minance Technologies has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Minance Technologies Private Limited, buy the company report.
Recent activity
Minance Technologies Private Limited has 4 board changes on record since 2016: 2 appointments and 2 cessations. The latest: Soham Soumya Sarkar ceased to be Director on 13 Sep 2019.
News
Frequently asked questions
Minance Technologies is an active private limited company based in Bangalore, Karnataka, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 28 September 2016 (10+ years old) and is registered under CIN U74999KA2016PTC096810.
Minance Technologies has 2 current directors:
- Anurag Bhatia - Director
- Soham Soumya Sarkar - Director
The latest financial statements of Minance Technologies on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 26 September 2018. Year-wise statements from FY 2017 are in the company report.
No. Minance Technologies has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Minance Technologies is U74999KA2016PTC096810. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Minance Technologies has 15 court cases on record: 15 filed against it. 6 are pending. Most are in the district courts.
Minance Technologies was incorporated on 28 September 2016, making it 10+ years old. It is registered with the Registrar of Companies, Bangalore.
Soham Soumya Sarkar ceased to be Director on 13 Sep 2019. Adhiraj Singh ceased to be Director on 21 Jun 2019. Soham Soumya Sarkar was appointed as Director on 18 Jun 2019. Minance Technologies has 4 board changes on record in total.
Minance Technologies can be reached through the website minance.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Minance Technologies is at No. 3537 Old No. 598 11th Main Road Jayanagar 5th Block Bangalore – 560041, Karnataka, India – 560041.
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