About Nitstone Capital Private Limited
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Nitstone Capital 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 21 October 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65100KA2016PTC097294. Its GSTIN is 29AAFCN4323D1ZO (Karnataka).
The company has an authorised share capital of ₹15 Cr and a paid-up capital of ₹12.64 Cr. It is led by directors Channa Kanakaraja and Nitesh Shetty.
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 24A 2nd Floor Imperial Court Cunningham Road, Bangalore, Karnataka, India – 560052.
As per the financials filed for FY 2025, the company reported a revenue of ₹75.02 Lakh, a decline of 1% compared to the previous year. For the same year it recorded a net loss of ₹1.8 Cr (net margin -240.5%) and EBITDA of -₹2.14 Cr (EBITDA margin -284.9%). Revenue has grown at a compounded annual rate (CAGR) of 20% over three years and 18% over five years.
Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Nitstone Finserv.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website nitstone.com.
Company details
Contact details
Nitstone Capital Private Limited's registered office is in Bangalore, Karnataka. Its website is nitstone.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered Address24A 2nd Floor Imperial Court Cunningham Road, Bangalore, Karnataka, India – 560052
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of Nitstone Capital 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
Nitstone Capital operates one associated brand: Nitstone Finserv. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides personalized loans to individuals and businesses for financial needs. | nitstone.com |
Financials of Nitstone Capital Private Limited
FY 2025 filings availableNitstone Capital Private Limited reported revenue of ₹75.02 Lakh (down 1% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 1% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 18%. EBITDA fell 54% 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | -₹2.14 Cr | ||||
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| Net Profit (PAT) | -₹1.8 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | -284.9% | ||||
| Net Profit Margin | -240.5% | ||||
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To see the full financial statements and ratios of Nitstone Capital Private Limited, buy the company report.
Board of directors of Nitstone Capital Private Limited
Nitstone Capital 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 |
|---|---|---|---|---|
| Channa Kanakaraja Also directs: Singita Kosha Trading Private Limited, Photo Concierge Private Limited, Heypillow Technology Private Limited and 2 more | Director | 26 Mar 2024 | 2 Years 7 Months | Current |
| Nitesh Shetty Also directs: Satchmo Holdings Limited, Nirpl Ventures Private Limited, Singita Kosha Trading Private Limited and 5 more | Director | 21 Oct 2016 | 10 Years 0 Months | Current |
Peer comparison
Nitstone Capital Private Limited is compared with the 3 companies closest to it by revenue in the BFSI industry (Other Financial Services), with the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Daksh Micro Credit Foundation | ₹75.18 Lakh (FY 2024) | 52.0% | Mirzapur Sadar, Uttar Pradesh, India | |||
| Ira Recovery Agency (India) Private Limited | ₹75.12 Lakh (FY 2024) | 2283.0% | Mumbai, Maharashtra, India | |||
| Nitstone Capital Private Limitedthis company | ₹75.02 Lakh (FY 2025) | -₹1.8 Cr | -240.5% | -1.0% | Bangalore, Karnataka, India | |
| Yashwi Commodities Pvt Ltd | ₹74.9 Lakh (FY 2025) | -28.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Nitstone Capital Private Limited, buy the company report.
Auditor
Nitstone Capital Private Limited is audited by A B S & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A B S & CO | FY 2019 | 008203S |
Shareholding
The shareholding of Nitstone Capital Private Limited is on record for 2 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Nitstone Capital Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Nitstone Capital 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 Nitstone Capital Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Nitstone Capital has 1 subsidiary company. This group structure data is as of FY 2019. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Nitstone Finserv Private Limited | U65910KA1997PTC021852 |
GST
Nitstone Capital has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAFCN4323D1ZO | Karnataka | Active | 09 Aug 2017 |
To see the full GST registrations and return filing status of Nitstone Capital Private Limited, buy the company report.
Recent activity
Nitstone Capital Private Limited has 7 board changes on record since 2016: 2 appointments and 5 cessations. The latest: Channa Kanakaraja ceased to be Additional Director on 29 Sep 2024.
News
Frequently asked questions
Nitstone Capital 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 21 October 2016 (10+ years old) and is registered under CIN U65100KA2016PTC097294.
Nitstone Capital has 2 current directors:
- Channa Kanakaraja - Director
- Nitesh Shetty - Director
The latest financial statements of Nitstone Capital on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2017 are in the company report.
The GSTIN of Nitstone Capital is 29AAFCN4323D1ZO, registered in Karnataka.
The CIN (Corporate Identification Number) of Nitstone Capital is U65100KA2016PTC097294. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nitstone Capital was incorporated on 21 October 2016, making it 10+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Nitstone Capital by revenue are Daksh Micro Credit Foundation, Ira Recovery Agency (India) Private Limited, Yashwi Commodities Pvt Ltd, all in the BFSI industry (Other Financial Services), with the same principal business activity (other financial activities).
Channa Kanakaraja ceased to be Additional Director on 29 Sep 2024. Ganapathi Mala Joshy ceased to be Director on 08 Jul 2024. Channa Kanakaraja was appointed as Director on 26 Mar 2024. Nitstone Capital has 7 board changes on record in total.
Nitstone Capital can be reached through the website nitstone.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Nitstone Capital is at 24A 2nd Floor Imperial Court Cunningham Road, Bangalore, Karnataka, India – 560052.
Nitstone Capital operates in the financial services industry, in the diversified financial services segment.
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