About Qed Financial Technology Private Limited
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Qed Financial Technology Private Limited is a foreign private limited company based in Mumbai, Maharashtra, India, a subsidiary of Zeta Investments Holdings Pte. Ltd., Singapore. It operates in the digital payment solutions segment of the financial services sector. It was incorporated on 03 March 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72100MH2020FTC338517.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹6 Cr. It was formerly known as Protone Software Development Private Limited and Fundamental Financial Technology Private Limited. It is led by directors Shashank Mehrotra and Sivaram Kowta.
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 Directi Plex Next To Andheri Subway Old Nagardas Road Andheri (East), Mumbai, Maharashtra, India – 400069.
As per the financials filed for FY 2025, the company reported a revenue of ₹27,330, a decline of 98% compared to the previous year. For the same year it recorded a net loss of ₹2.02 Lakh and EBITDA of -₹2.51 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 77% over three years.
For more details, the company can be reached via its website directi.com.
Company details
Name history
Qed Financial Technology has undergone 4 name changes throughout its history. The current legal name is Qed Financial Technology Private Limited.
| Company Name | Status |
|---|---|
| Qed Financial Technology Private Limited | Current |
| Protone Software Development Private Limited | Previous |
| Fundamental Financial Technology Private Limited | Previous |
| Octane Payment Solutions Private Limited | Previous |
| Octane Digital Payment Solutions Private Limited | Previous |
CIN history
Qed Financial Technology has one previous CIN (Corporate Identification Number): U72900MH2020FTC338517. The current CIN is U72100MH2020FTC338517, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72100MH2020FTC338517 | Current |
| U72900MH2020FTC338517 | Previous |
Contact details
Qed Financial Technology Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Social Media
- Registered AddressDirecti Plex Next To Andheri Subway Old Nagardas Road Andheri (East), Mumbai, Maharashtra, India – 400069
- IndustryFinancial Services, Digital Payment Solutions
To see the full contact details of Qed Financial Technology 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
Financials of Qed Financial Technology Private Limited
FY 2025 filings availableQed Financial Technology Private Limited reported revenue of ₹27,330 (down 98% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 77% over three years, including a 98% fall in the latest year. EBITDA fell 120% 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 | -₹2.51 Lakh | ||||
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| Net Profit (PAT) | -₹2.02 Lakh | ||||
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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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To see the full financial statements and ratios of Qed Financial Technology Private Limited, buy the company report.
Board of directors of Qed Financial Technology Private Limited
Qed Financial Technology 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 |
|---|---|---|---|---|
| Shashank Mehrotra | Director | 23 Aug 2024 | 2 Years 2 Months | Current |
| Sivaram Kowta | Director | 23 Aug 2024 | 2 Years 2 Months | Current |
Auditor
Qed Financial Technology Private Limited is audited by S.R. Batliboi & Associates LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.R. Batliboi & Associates LLP | FY 2023 | 101049W |
Shareholding
The shareholding of Qed Financial Technology Private Limited is on record for FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Foreign institutional investors (FII) | |
| Public | |
| Others |
To see the full shareholding pattern of Qed Financial Technology Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Qed Financial Technology 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
Qed Financial Technology Private Limited has 3 MSME Form 1 returns on record for the period ending Sep 2023, listing 3 overdue payments to 2 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Qed Financial Technology Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
No GST registration is on our record for Qed Financial Technology Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Qed Financial Technology Private Limited has 6 board changes on record since 2020: 4 appointments and 2 cessations. The latest: Mahendra Dipchand Turakhia ceased to be Director on 25 Feb 2025.
Frequently asked questions
Qed Financial Technology is an active foreign private limited company based in Mumbai, Maharashtra, India. The company works in digital payment solutions, within the financial services industry. It was incorporated on 03 March 2020 (6+ years old) and is registered under CIN U72100MH2020FTC338517.
Qed Financial Technology has 2 current directors:
- Shashank Mehrotra - Director
- Sivaram Kowta - Director
The latest financial statements of Qed Financial Technology 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 2020 are in the company report.
The CIN (Corporate Identification Number) of Qed Financial Technology is U72100MH2020FTC338517. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Qed Financial Technology was incorporated on 03 March 2020, making it 6+ years old. It is registered with the Registrar of Companies, Mumbai.
Mahendra Dipchand Turakhia ceased to be Director on 25 Feb 2025. Priya Mahendra Turakhia ceased to be Director on 26 Aug 2024. Shashank Mehrotra was appointed as Director on 23 Aug 2024. Qed Financial Technology has 6 board changes on record in total.
Qed Financial Technology has 3 MSME Form 1 returns on record for the period ending Sep 2023, listing 3 overdue payments to 2 micro and small suppliers. The latest return was filed on 30 Oct 2023.
Qed Financial Technology can be reached through the website directi.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Qed Financial Technology is at Directi Plex Next To Andheri Subway Old Nagardas Road Andheri East, Mumbai, Maharashtra, India – 400069.
Qed Financial Technology operates in the financial services industry, in the digital payment solutions segment.
Yes. Qed Financial Technology was formerly known as Protone Software Development Private Limited, Fundamental Financial Technology Private Limited, Octane Payment Solutions Private Limited, Octane Digital Payment Solutions Private Limited.
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