Solid Financial Technologies Private Limited
About Solid Financial Technologies Private Limited
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Solid Financial Technologies Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Solid Financial Technologies Inc. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 22 January 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74999KA2020PTC131821. Its GSTIN is 29AACCW5956A1Z7 (Karnataka).
The company has an authorised share capital of ₹2 Lakh and a paid-up capital of ₹2 Lakh. It was formerly known as Wise R&D India Private Limited. It is led by directors including Kaveri Kumar and Bangalore Narayanaswamy Gnaneshwar Kumar.
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 No.315 1st Floor 6th Main Hal 2nd Stage Indiranagar, Bangalore, Karnataka, India – 560038.
As per the financials filed for FY 2025, the company reported a revenue of ₹10.94 Cr, a decline of 36% compared to the previous year. For the same year it recorded a net profit of ₹1.19 Cr (net margin 10.9%) and EBITDA of ₹1.7 Cr (EBITDA margin 15.5%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years and 79% over five years.
The company has about 18 employees on its provident fund (EPFO) records.
Company details
Contact details
Solid Financial Technologies Private Limited's registered office is in Bangalore, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressNo.315 1st Floor 6th Main Hal 2nd Stage Indiranagar, Bangalore, Karnataka, India – 560038
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Solid Financial 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
Business activity
The main business activity of Solid Financial Technologies is information and communication. In detail, this covers publishing of computer operating systems, system software, application software, games, etc..
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J2 | Publishing of computer operating systems, system software, application software, games, etc. |
To see the full business activity and turnover split of Solid Financial Technologies Private Limited, buy the company report.
Financials of Solid Financial Technologies Private Limited
FY 2025 filings availableSolid Financial Technologies Private Limited reported revenue of ₹10.94 Cr (down 36% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 36% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 79%. EBITDA fell 37% 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 | ₹1.7 Cr | ||||
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| Net Profit (PAT) | ₹1.19 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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| Profitability | |||||
| EBITDA Margin | 15.5% | ||||
| Net Profit Margin | 10.9% | ||||
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To see the full financial statements and ratios of Solid Financial Technologies Private Limited, buy the company report.
Board of directors of Solid Financial Technologies Private Limited
Solid Financial Technologies has 4 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kaveri Kumar | Director | 22 Jan 2020 | 6 Years 9 Months | Current |
| Bangalore Narayanaswamy Gnaneshwar Kumar | Director | 22 Jan 2020 | 6 Years 9 Months | Current |
| Arjun Thyagarajan | Director | 25 Jun 2020 | 6 Years 4 Months | Current |
| Raghav Lal | Director | 25 Jun 2020 | 6 Years 4 Months | Current |
Peer comparison
Solid Financial Technologies Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (publishing of computer operating systems, system software, application software, games, etc.), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Perigord Premedia (India) Private Limited | ₹10.97 Cr (FY 2020) | -20.0% | Mumbai, Maharashtra, India | |||
| Bob Eprocure Solutions Private Limited | ₹10.97 Cr (FY 2024) | 60.0% | Bangalore, Karnataka, India | |||
| Bafflesol Technologies Private Limited | ₹10.97 Cr (FY 2025) | 3.0% | Gurgaon, Haryana, India | |||
| Navatar Consulting Private Limited | ₹10.97 Cr (FY 2025) | -37.0% | Delhi, India | |||
| Euphoric Thought Technologies Private Limited | ₹10.96 Cr (FY 2025) | 3.0% | Bangalore, Karnataka, India | |||
| Solid Financial Technologies Private Limitedthis company | ₹10.94 Cr (FY 2025) | ₹1.19 Cr | 10.9% | -36.0% | 18 | Bangalore, Karnataka, India |
| Quy Technology Private Limited | ₹10.93 Cr (FY 2025) | 12.0% | Delhi, India | |||
| Itss (India) Private Limited | ₹10.93 Cr (FY 2024) | -33.0% | Chennai, Tamil Nadu, India | |||
| Actionable Science Labs Private Limited | ₹10.93 Cr (FY 2025) | -14.0% | Dehradun, Uttarakhand, India | |||
| Zoop Web Services Private Limited | ₹10.92 Cr (FY 2025) | 50.0% | New Delhi, Delhi, India | |||
| Mmad Communications Private Limited | ₹10.91 Cr (FY 2025) | 1.0% | Gurgaon, Haryana, India |
To see the full peer comparison of Solid Financial Technologies Private Limited, buy the company report.
Auditor
Solid Financial Technologies Private Limited is audited by RS SRIKANTH & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RS SRIKANTH & ASSOCIATES | FY 2023 | 247528 |
Shareholding
The shareholding of Solid Financial Technologies 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 Solid Financial Technologies Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Solid Financial Technologies 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 Solid Financial Technologies Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Solid Financial Technologies Private Limited has a workforce of 18 employees on its EPFO records as of May 2025, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2025-26 | 18 |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 |
To see the full employee and EPFO history of Solid Financial Technologies Private Limited, buy the company report.
GST
Solid Financial Technologies has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCW5956A1Z7 | Karnataka | Active | 06 Feb 2020 |
To see the full GST registrations and return filing status of Solid Financial Technologies Private Limited, buy the company report.
Recent activity
Solid Financial Technologies Private Limited has 6 board changes on record since 2020: 5 appointments and 1 cessation. The latest: Venkatesh Krishna Swamy ceased to be Director on 10 Apr 2024.
Frequently asked questions
Solid Financial Technologies is an active private limited company based in Bangalore, Karnataka, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 22 January 2020 (6+ years old) and is registered under CIN U74999KA2020PTC131821.
Solid Financial Technologies has 4 current directors:
- Kaveri Kumar - Director
- Bangalore Narayanaswamy Gnaneshwar Kumar - Director
- Arjun Thyagarajan - Director
- Raghav Lal - Director
The latest financial statements of Solid Financial Technologies 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 GSTIN of Solid Financial Technologies is 29AACCW5956A1Z7, registered in Karnataka.
The CIN (Corporate Identification Number) of Solid Financial Technologies is U74999KA2020PTC131821. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Solid Financial Technologies was incorporated on 22 January 2020, making it 6+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Solid Financial Technologies by revenue are Perigord Premedia (India) Private Limited, Bob Eprocure Solutions Private Limited, Bafflesol Technologies Private Limited, Navatar Consulting Private Limited, Euphoric Thought Technologies Private Limited and 5 more, all in the same principal business activity (publishing of computer operating systems, system software, application software, games, etc.).
Venkatesh Krishna Swamy ceased to be Director on 10 Apr 2024. Venkatesh Krishna Swamy was appointed as Director on 11 Mar 2021. Arjun Thyagarajan was appointed as Director on 25 Jun 2020. Solid Financial Technologies has 6 board changes on record in total.
The registered office of Solid Financial Technologies is at No.315 1st Floor 6th Main Hal 2nd Stage Indiranagar, Bangalore, Karnataka, India – 560038.
Solid Financial Technologies operates in the information technology industry, in the application development and software solutions segment.
Yes. Solid Financial Technologies was formerly known as Wise R&D India Private Limited.
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