Startup India Government of India
Upswing Financial Technologies Private Limited - internet in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹13.46 Cr
▲ 174% YoY
Net loss · FY 2025
₹20.88 Cr
Net margin -155.2%
EBITDA · FY 2025
-₹20.7 Cr
EBITDA margin -153.8%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹1.91 Lakh
Issued & subscribed
Company age
5 yrs
Est. 2021
Employees · EPFO
27
Provident fund records
Directors on board
2
As per MCA filings
About Upswing Financial Technologies Private Limited
Data last updated:
Upswing Financial Technologies Private Limited is a private limited company based in Mumbai, Maharashtra, India, recognised as a startup by DPIIT. It operates in the online financial services segment of the internet and digital services sector. It was incorporated on 03 September 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72200MH2021PTC384071. Its GSTIN is 27AACCU9117D1ZE (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1.91 Lakh. It is led by directors Nihar Gupta and Anupam Bagchi.
Its last annual general meeting (AGM) was held on 30 October 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹13.46 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹20.88 Cr (net margin -155.2%) and EBITDA of -₹20.7 Cr (EBITDA margin -153.8%). Revenue has grown at a compounded annual rate (CAGR) of 403% over three years.
The company has about 27 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Upswing Financial Technologies. The company has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹64.7 Cr; the latest was in December 2023.
For more details, the company can be reached via its website upswing.one.
Company details
CIN U72200MH2021PTC384071
Registration Number 384071
Incorporation Date 03 September 2021
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 October 2025
Date of Balance Sheet 31 March 2025
DPIIT Recognition Recognised Startup
CIN history
Upswing Financial Technologies has one previous CIN (Corporate Identification Number): U72200PN2021PTC203942. The current CIN is U72200MH2021PTC384071, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72200MH2021PTC384071 | Current |
| U72200PN2021PTC203942 | Previous |
Key People
Nihar Gupta Director Anupam Bagchi Director Recognitions & Rankings of Upswing Financial Technologies
Contact details
Upswing Financial Technologies Private Limited's registered office is in Mumbai, Maharashtra. Its website is upswing.one. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address906 Riddhi Tower Garden A K Vaidya Marg Off Film City Road Nr Wageshwari Mandir, Malad(E), Mumbai, Maharashtra, India – 400097
- IndustryInternet, Online Financial Services
To see the full contact details of Upswing Financial Technologies Private Limited, buy the company report.
Comprehensive company report
Upswing Financial Technologies 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
Upswing Financial Technologies operates one associated brand: Upswing Financial Technologies. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of an API platform enabling companies to offer financial products | upswing.one |
Business activity
The main business activity of Upswing Financial Technologies is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Upswing Financial Technologies Private Limited, buy the company report.
Financials of Upswing Financial Technologies Private Limited
FY 2025 filings availableUpswing Financial Technologies Private Limited reported revenue of ₹13.46 Cr (up 174% YoY) for FY 2025.
Revenue · FY 2025
₹13.46 Cr ▲ 174%
Net loss · FY 2025
₹20.88 Cr margin -155.2%
EBITDA · FY 2025
-₹20.7 Cr margin -153.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 174%
3 years · compounded
▲ 403%
EBITDA CAGR growth
1 year
▼ 36%
3 years · compounded
▼ 154%
Revenue has grown at a compounded annual rate (CAGR) of 403% over three years, including 174% growth in the latest year. EBITDA fell 36% 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 |
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| EBITDA | -₹20.7 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹20.88 Cr | |||
| Balance Sheet | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -153.8% | |||
| Net Profit Margin | -155.2% | |||
| Return on Equity (ROE) | ||||
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To see the full financial statements and ratios of Upswing Financial Technologies Private Limited, buy the company report.
Board of directors of Upswing Financial Technologies Private Limited
Upswing Financial Technologies has 2 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 |
|---|---|---|---|---|
| Nihar Gupta | Director | 03 Sep 2021 | 5 Years 1 Months | Current |
| Anupam Bagchi | Director | 03 Sep 2021 | 5 Years 1 Months | Current |
Auditor
Upswing Financial Technologies Private Limited is audited by Sanyog V Lohiya & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Sanyog V Lohiya & Associates | FY 2023 | 199033 |
Shareholding
The shareholding of Upswing Financial Technologies Private Limited is on record for 2 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Upswing Financial Technologies Private Limited, buy the company report.
Deals & funding
Upswing Financial Technologies Private Limited has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹64.7 Cr; the latest was in December 2023.
Total deals
4
Funding rounds
2
Secondary share transfers
2
Disclosed funding
₹64.7 Cr
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2023 | Funding round · Pre-Series A | ₹34.86 Cr | Investors: Quona Capital, QED Investors, 2 individuals |
| Mar 2023 | Secondary share transfer | Undisclosed | Buyer: PeerCapital Seller: Capier Investments |
| Dec 2021 | Funding round · Seed | ₹29.83 Cr | Investors: QED Investors, iSeed, Better Capital |
| Oct 2021 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
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 Upswing 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 Upswing Financial Technologies Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Upswing Financial Technologies Private Limited has a workforce of 27 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
Employee count
27
Active EPFO establishments
1
Employee growth
42.11%
GST
Upswing Financial Technologies has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCU9117D1ZE | Maharashtra | Active | 12 Oct 2021 |
| 29AACCU9117D1ZA | Karnataka | Active | 09 Jul 2022 |
To see the full GST registrations and return filing status of Upswing Financial Technologies Private Limited, buy the company report.
Recent activity
Upswing Financial Technologies Private Limited has 4 board changes on record since 2021: 3 appointments and 1 cessation. The latest: Amul Vijaykumar Mutha ceased to be Director on 12 Nov 2021.
AGM
Upswing Financial Technologies Private Limited last Annual general meeting of members was held on 30 Oct 2025 as per latest MCA records.
Filing
Upswing Financial Technologies Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai I.
Ceased
Amul Vijaykumar Mutha ceased to be Director.
Appointed
Amul Vijaykumar Mutha was appointed as Director.
Appointed
Anupam Bagchi was appointed as Director.
Appointed
Nihar Gupta was appointed as Director.
Incorporation
03 Sep 2021
Upswing Financial Technologies Private Limited was registered on 03 Sep 2021 with Roc Mumbai I & aged 5 years 1 month as per MCA records.
Frequently asked questions
Upswing Financial Technologies is an active private limited company based in Mumbai, Maharashtra, India. The company works in online financial services, within the internet industry. It was incorporated on 03 September 2021 (5+ years old) and is registered under CIN U72200MH2021PTC384071.
Upswing Financial Technologies has 2 current directors:
- Nihar Gupta - Director
- Anupam Bagchi - Director
The latest financial statements of Upswing Financial Technologies on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 October 2025. Year-wise statements from FY 2022 are in the company report.
The GSTIN of Upswing Financial Technologies is 27AACCU9117D1ZE, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 29AACCU9117D1ZA (Karnataka).
The CIN (Corporate Identification Number) of Upswing Financial Technologies is U72200MH2021PTC384071. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Upswing Financial Technologies was incorporated on 03 September 2021, making it 5+ years old. It is registered with the Registrar of Companies, Mumbai.
Upswing Financial Technologies has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹64.7 Cr; the latest was in December 2023.
Amul Vijaykumar Mutha ceased to be Director on 12 Nov 2021. Amul Vijaykumar Mutha was appointed as Director on 03 Sep 2021. Anupam Bagchi was appointed as Director on 03 Sep 2021. Upswing Financial Technologies has 4 board changes on record in total.
Yes, Upswing Financial Technologies is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Upswing Financial Technologies can be reached through the website upswing.one. Its registered office is in Mumbai, Maharashtra, India.