Startup India Government of India
Terrafin Solutions Private Limited - information technology in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹1.59 Cr
▼ 57% YoY
Net loss · FY 2025
₹18.05 Lakh
Net margin -11.4%
EBITDA · FY 2025
-₹13.62 Lakh
EBITDA margin -8.6%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹1.04 Lakh
Issued & subscribed
Company age
5 yrs
Est. 2021
Directors on board
6
As per MCA filings
Active GSTINs
1
GST registered
About Terrafin Solutions Private Limited
Data last updated:
Terrafin Solutions Private Limited is a private limited company based in Bangalore, Karnataka, India, recognised as a startup by DPIIT. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 23 July 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2021PTC149861. Its GSTIN is 29AAICT7518B1Z8 (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1.04 Lakh. It is led by directors including Manish Kumar Shukla and Sudhanshu Shekhar.
Its last annual general meeting (AGM) was held on 27 November 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 231 Eden Au Lac Apartment Indiranagar, Bangalore, Karnataka, India – 560038.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.59 Cr, a decline of 57% compared to the previous year. For the same year it recorded a net loss of ₹18.05 Lakh (net margin -11.4%) and EBITDA of -₹13.62 Lakh (EBITDA margin -8.6%).
The company is associated with 1 brand: Cheq UPI. The company has 4 deals on record (2 funding rounds, 2 convertible or debt financings), with disclosed funding of ₹29.78 Cr; the latest was in August 2023.
Terrafin Solutions Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0123006). For more details, the company can be reached via its website cheq.money.
Company details
CIN U72200KA2021PTC149861
Registration Number 149861
Incorporation Date 23 July 2021
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 27 November 2025
Date of Balance Sheet 31 March 2025
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0123006
Recognitions & Rankings of Terrafin Solutions
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2021-22)
- Udyam number
- UDYAM-KR-03-0123006
Contact details
Terrafin Solutions Private Limited's registered office is in Bangalore, Karnataka. Its website is cheq.money. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered Address231 Eden Au Lac Apartment Indiranagar, Bangalore, Karnataka, India – 560038
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Terrafin Solutions Private Limited, buy the company report.
Comprehensive company report
Terrafin Solutions Private Limited - one report that includes everything
- 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
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Brands
Terrafin Solutions operates one associated brand: Cheq UPI. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Digital payment solutions are provided for foreign tourists in India. | chequpi.com |
Financials of Terrafin Solutions Private Limited
FY 2025 filings availableTerrafin Solutions Private Limited reported revenue of ₹1.59 Cr (down 57% YoY) for FY 2025.
Revenue · FY 2025
₹1.59 Cr ▼ 57%
Net loss · FY 2025
₹18.05 Lakh margin -11.4%
EBITDA · FY 2025
-₹13.62 Lakh margin -8.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 57%
EBITDA CAGR growth
1 year
▲ 85%
3 years · compounded
▲ 42%
Revenue fell 57% in the latest year. EBITDA rose 85% 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 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
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| Total Expenses | ||||
| EBITDA | -₹13.62 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹18.05 Lakh | |||
| Balance Sheet | ||||
| Share Capital | ||||
| Reserves and Surplus | ||||
| Net Worth (Total Equity) | ||||
| Long-term Borrowings | ||||
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| Trade Payables | ||||
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| Fixed Assets | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -8.6% | |||
| Net Profit Margin | -11.4% | |||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
| Return on Assets (ROA) | ||||
| Liquidity and Debt | ||||
| Current Ratio | ||||
| Quick Ratio | ||||
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| Asset Turnover | ||||
| Receivable Days | ||||
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| Inventory Days | ||||
| Revenue Growth | ||||
| Net Profit Growth | ||||
To see the full financial statements and ratios of Terrafin Solutions Private Limited, buy the company report.
Board of directors of Terrafin Solutions Private Limited
Terrafin Solutions has 6 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manish Kumar Shukla | Director | 23 Jul 2021 | 5 Years 3 Months | Current |
| Sudhanshu Shekhar | Director | 23 Jul 2021 | 5 Years 3 Months | Current |
| Nagarjuna Malempati | Director | 04 Feb 2026 | 0 Years 8 Months | Current |
| Raghu Vamsi Gonnabathula Also directs: Remit2any Technologies Private Limited, Verifin Technologies Private Limited, Blockphi Private Limited and 1 more | Director | 04 Feb 2026 | 0 Years 8 Months | Current |
| Sreeram Juluru | Director | 04 Feb 2026 | 0 Years 8 Months | Current |
| Yakkaluru Guru Prashanth | Director | 04 Feb 2026 | 0 Years 8 Months | Current |
Deals & funding
Terrafin Solutions Private Limited has 4 deals on record (2 funding rounds, 2 convertible or debt financings), with disclosed funding of ₹29.78 Cr; the latest was in August 2023.
Total deals
4
Funding rounds
2
Convertible or debt financings
2
Disclosed funding
₹29.78 Cr
Deals on record (1 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2023 | Funding round | ₹4.15 Cr | Investors: Y Combinator |
To see the full deal history of Terrafin Solutions Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Terrafin Solutions 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 Terrafin Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Terrafin Solutions Private Limited has 1 active EPFO establishment as of Apr 08, 2024.
Active EPFO establishments
1
GST
Terrafin Solutions has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAICT7518B1Z8 | Karnataka | Active | 28 Oct 2021 |
To see the full GST registrations and return filing status of Terrafin Solutions Private Limited, buy the company report.
Recent activity
Terrafin Solutions Private Limited has 7 board changes on record since 2021: 6 appointments and 1 cessation. The latest: Nagarjuna Malempati was appointed as Director on 04 Feb 2026.
Appointed
Nagarjuna Malempati was appointed as Director.
Appointed
Raghu Vamsi Gonnabathula was appointed as Director.
Appointed
Sreeram Juluru was appointed as Director.
Appointed
Yakkaluru Guru Prashanth was appointed as Director.
AGM
Terrafin Solutions Private Limited last Annual general meeting of members was held on 27 Nov 2025 as per latest MCA records.
Filing
Terrafin Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Ceased
Mayank ceased to be Director.
Appointed
Manish Kumar Shukla was appointed as Director.
Appointed
Sudhanshu Shekhar was appointed as Director.
Incorporation
23 Jul 2021
Terrafin Solutions Private Limited was registered on 23 Jul 2021 with Roc Bangalore & aged 5 years 3 months as per MCA records.
Frequently asked questions
Terrafin Solutions 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 23 July 2021 (5+ years old) and is registered under CIN U72200KA2021PTC149861.
Terrafin Solutions has 6 current directors:
- Manish Kumar Shukla - Director
- Sudhanshu Shekhar - Director
- Nagarjuna Malempati - Director
- Raghu Vamsi Gonnabathula - Director
- Sreeram Juluru - Director
- Yakkaluru Guru Prashanth - Director
The latest financial statements of Terrafin Solutions on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 27 November 2025. Year-wise statements from FY 2022 are in the company report.
The GSTIN of Terrafin Solutions is 29AAICT7518B1Z8, registered in Karnataka.
The CIN (Corporate Identification Number) of Terrafin Solutions is U72200KA2021PTC149861. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Terrafin Solutions was incorporated on 23 July 2021, making it 5+ years old. It is registered with the Registrar of Companies, Bangalore.
Terrafin Solutions has 4 deals on record (2 funding rounds, 2 convertible or debt financings), with disclosed funding of ₹29.78 Cr; the latest was in August 2023.
Nagarjuna Malempati was appointed as Director on 04 Feb 2026. Raghu Vamsi Gonnabathula was appointed as Director on 04 Feb 2026. Sreeram Juluru was appointed as Director on 04 Feb 2026. Terrafin Solutions has 7 board changes on record in total.
Yes, Terrafin Solutions is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Terrafin Solutions is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-03-0123006).