About Rise Finconnect Private Limited
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Rise Finconnect Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the business and IT consulting segment of the business process outsourcing sector. It was incorporated on 13 January 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74900KA2014PTC073033. Its GSTIN is 29AAGCR7607B1ZE (Karnataka).
The company has an authorised share capital of ₹30 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Suman Jain and Chidananda Prakash Yaragunti.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2024. The registered office is at S – 14 80 Feet Road Koramangala – 1st Block, Bangalore, Karnataka, India – 560034.
As per the financials filed for FY 2021, the company reported a revenue of ₹22.19 Lakh, a decline of 50% compared to the previous year. For the same year it recorded a net loss of ₹18.31 Lakh (net margin -82.5%) and EBITDA of -₹18.02 Lakh (EBITDA margin -81.2%). Revenue has declined at a compounded annual rate (CAGR) of 21% over three years and 8% over five years.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website risefinconnect.com.
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- Website
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- Registered AddressS – 14 80 Feet Road Koramangala – 1st Block, Bangalore, Karnataka, India – 560034
- IndustryBusiness Outsourcing, Business & IT Consulting
- 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
- One PDF report, delivered after checkout
Business Activity of Rise Finconnect Private Limited
The main business activity of Rise Finconnect is professional, scientific and technical. In detail, this covers management consultancy activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M3 | Management consultancy activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Rise Finconnect Private Limited FY 2024 filings available
Rise Finconnect Private Limited reported revenue of ₹22.19 Lakh (down 50% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR) of Rise Finconnect Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 8% over five years, including a 50% fall in the latest year. EBITDA fell 34% 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 of Rise Finconnect Private Limited
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹22.19 Lakh | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹18.02 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹18.31 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 of Rise Finconnect Private Limited
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -81.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -82.5% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Rise Finconnect are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of Rise Finconnect Private Limited
Rise Finconnect 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 |
|---|---|---|---|---|
| Suman Jain | Director | 13 Jan 2014 | 12 Years 9 Months | Current |
| Chidananda Prakash Yaragunti Also directs: Anemones Hospitality and Hotels Private Limited | Director | 15 Dec 2022 | 3 Years 10 Months | Current |
Peer Comparison of Rise Finconnect Private Limited
Rise Finconnect Private Limited is compared with the companies closest to it by revenue in the Outsourcing industry (Consulting Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Oworks Marketing Tech Private Limited | ₹22.28 Lakh (FY 2025) | •••• | •••• | 582.0% | •••• | Bangalore, Karnataka, India |
| Express Investments Pvt Ltd | ₹22.27 Lakh (FY 2025) | •••• | •••• | -10.0% | •••• | Kolkata, West Bengal, India |
| Finbridge Consulting Services Private Limited | ₹22.27 Lakh (FY 2025) | •••• | •••• | 410.0% | •••• | Chennai, Tamil Nadu, India |
| PSP Business Solutions Private Limited | ₹22.23 Lakh (FY 2025) | •••• | •••• | 931.0% | •••• | Vadodara, Gujarat, India |
| Total People Productivity Private Limited | ₹22.22 Lakh (FY 2025) | •••• | •••• | -8.0% | •••• | New Delhi, Delhi, India |
| Rise Finconnect Private Limited this company | ₹22.19 Lakh (FY 2021) | •••• | •••• | -50.0% | •••• | Bangalore, Karnataka, India |
| Twarit Consultancy Services Private Limited | ₹22.19 Lakh (FY 2024) | •••• | •••• | -73.0% | •••• | Chennai, Tamil Nadu, India |
| Abr Consulting Services Private Limited | ₹22.18 Lakh (FY 2025) | •••• | •••• | •••• | Hyderabad, Telangana, India | |
| S.L.Gadhiya Advisory Services Private Limited | ₹22.17 Lakh (FY 2024) | •••• | •••• | 16.0% | •••• | Vepery, Tamil Nadu, India |
| Technouveau Private Limited | ₹22.15 Lakh (FY 2024) | •••• | •••• | •••• | Pune, Maharashtra, India | |
| Daksh Technology Consulting Services (I) Private Limited | ₹22.15 Lakh (FY 2025) | •••• | •••• | -62.0% | •••• | Hyderabad, Telangana, India |
Peers are the five companies nearest above and the five nearest below Rise Finconnect by revenue in the Outsourcing industry (Consulting Services), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Rise Finconnect Private Limited
Rise Finconnect Private Limited is audited by C L MUNDHRA & CO for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| C L MUNDHRA & CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Rise Finconnect Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Rise Finconnect Private Limited
Rise Finconnect Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Rise Finconnect Private Limited
Employment history and EPFO contributions of people linked to Rise Finconnect.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Rise Finconnect Private Limited
Rise Finconnect Private Limited has 4 board changes on record since 2014: 2 appointments and 2 cessations. The latest: Chidananda Prakash Yaragunti ceased to be Additional Director on 29 Sep 2023.
Credit Ratings, Litigation & Regulatory Alerts for Rise Finconnect Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Rise Finconnect Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Rise Finconnect Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Rise Finconnect Private Limited
Rise Finconnect has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAGCR7607B1ZE | Karnataka | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Rise Finconnect Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Rise Finconnect Private Limited
Rise Finconnect is an active private limited company based in Bangalore, Karnataka, India. The company works in business and IT consulting, within the business outsourcing industry. It was incorporated on 13 January 2014 (12+ years old) and is registered under CIN U74900KA2014PTC073033.
Rise Finconnect reported revenue of ₹22.19 Lakh for FY 2021 (down 50% YoY).
Rise Finconnect has 2 current directors:
- Suman Jain - Director
- Chidananda Prakash Yaragunti - Director
Rise Finconnect reported a net loss of ₹18.31 Lakh (net margin -82.5%) and EBITDA of -₹18.02 Lakh (EBITDA margin -81.2%) for FY 2021, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Rise Finconnect is -21% over three years and -8% over five years. In the latest year (FY 2021) revenue fell 50%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Rise Finconnect is 29AAGCR7607B1ZE, registered in Karnataka.
The CIN (Corporate Identification Number) of Rise Finconnect is U74900KA2014PTC073033. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Rise Finconnect was incorporated on 13 January 2014, making it 12+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Rise Finconnect by revenue are Oworks Marketing Tech Private Limited, Express Investments Pvt Ltd, Finbridge Consulting Services Private Limited, PSP Business Solutions Private Limited, Total People Productivity Private Limited and 5 more, all in the Outsourcing industry (Consulting Services).
Chidananda Prakash Yaragunti ceased to be Additional Director on 29 Sep 2023. Chidananda Prakash Yaragunti was appointed as Director on 15 Dec 2022. Rahul Jain ceased to be Director on 15 Dec 2022. Rise Finconnect has 4 board changes on record in total.
Rise Finconnect can be reached through the website risefinconnect.com. Its registered office is in Bangalore, Karnataka, India.