
About VV Finly Technology Private Limited
Data last updated:
VV Finly Technology Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Lockstep Network India Private Limited and recognised as a startup by DPIIT. It operates in the digital payment solutions segment of the financial services sector. It was incorporated on 07 February 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2019PTC121171. Its GSTIN is 29AAGCV7942K1ZL (Karnataka).
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹5.13 Lakh. It is led by directors Anand Mundra and Mahesh Inderpal Garg.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹5.19 Cr, a decline of 22% compared to the previous year. For the same year it recorded a net profit of ₹3.02 Cr (net margin 58.2%) and EBITDA of ₹4.27 Cr (EBITDA margin 82.3%). Revenue has grown at a compounded annual rate (CAGR) of 10% over three years and 20% over five years.
The company has about 36 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Finly. The company has 2 deals on record (2 funding rounds), with disclosed funding of ₹3.5 Cr; the latest was in May 2019.
VV Finly Technology Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0169529). For more details, the company can be reached via its website finly.io.
Company details
Recognitions & Rankings of VV Finly Technology
- Category
- Small (2024-25)
- Udyam number
- UDYAM-KR-03-0169529
Contact details
VV Finly Technology Private Limited's registered office is in Bangalore, Karnataka. Its website is finly.io. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered Address1st Floor Gopala Krishna Complex, #45/3 Residency Road Mg Road, Bangalore, Karnataka, India – 560025
- IndustryFinancial Services, Digital Payment Solutions
To see the full contact details of VV Finly 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
Business activity
The main business activity of VV Finly Technology 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 VV Finly Technology Private Limited, buy the company report.
Financials of VV Finly Technology Private Limited
FY 2025 filings availableVV Finly Technology Private Limited reported revenue of ₹5.19 Cr (down 22% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 22% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 20%. EBITDA fell 22% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹4.27 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹3.02 Cr | ||||
| 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 82.3% | ||||
| Net Profit Margin | 58.2% | ||||
| 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 | |||||
To see the full financial statements and ratios of VV Finly Technology Private Limited, buy the company report.
Board of directors of VV Finly Technology Private Limited
VV Finly Technology has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anand Mundra | Director | 20 May 2024 | 2 Years 5 Months | Current |
| Mahesh Inderpal Garg | Director | 30 Aug 2022 | 4 Years 1 Months | Current |
Auditor
VV Finly Technology Private Limited is audited by S.R. BATLIBOI & CO. LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.R. BATLIBOI & CO. LLP | FY 2023 | 301003E/E300005 |
Shareholding
The shareholding of VV Finly Technology 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 VV Finly Technology Private Limited, buy the company report.
Deals & funding
VV Finly Technology Private Limited has 2 deals on record (2 funding rounds), with disclosed funding of ₹3.5 Cr; the latest was in May 2019.
Deals on record (1 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2019 | Funding round · Pre-Series A | ₹3.5 Cr | Investors: Angel List, Al Nour International Holdings Company, Das42 Ventures Pte Ltd |
To see the full deal history of VV Finly Technology 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 VV Finly 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
No delayed payments to MSME suppliers are on our record for VV Finly Technology Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
VV Finly Technology Private Limited has a workforce of 36 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
VV Finly Technology has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAGCV7942K1ZL | Karnataka | Active | 05 Mar 2019 |
To see the full GST registrations and return filing status of VV Finly Technology Private Limited, buy the company report.
Recent activity
VV Finly Technology Private Limited has 7 board changes on record since 2020: 2 appointments and 5 cessations. The latest: Anand Mundra ceased to be Additional Director on 29 Sep 2024.
Frequently asked questions
VV Finly Technology is an active private limited company based in Bangalore, Karnataka, India. The company works in digital payment solutions, within the financial services industry. It was incorporated on 07 February 2019 (7+ years old) and is registered under CIN U72200KA2019PTC121171.
VV Finly Technology has 2 current directors:
- Anand Mundra - Director
- Mahesh Inderpal Garg - Director
The latest financial statements of VV Finly Technology on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from FY 2019 are in the company report.
The GSTIN of VV Finly Technology is 29AAGCV7942K1ZL, registered in Karnataka.
The CIN (Corporate Identification Number) of VV Finly Technology is U72200KA2019PTC121171. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
VV Finly Technology was incorporated on 07 February 2019, making it 7+ years old. It is registered with the Registrar of Companies, Bangalore.
VV Finly Technology has 2 deals on record (2 funding rounds), with disclosed funding of ₹3.5 Cr; the latest was in May 2019.
Anand Mundra ceased to be Additional Director on 29 Sep 2024. Veekshith Chandrashekar Rai ceased to be Director on 27 May 2024. Vivek Alike Ganapathy ceased to be Director on 27 May 2024. VV Finly Technology has 7 board changes on record in total.
Yes, VV Finly Technology is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, VV Finly Technology is registered as a small enterprise under Udyam registration (number: UDYAM-KR-03-0169529).