Aceware Fintech Services Private Limited - Company Profile

It is a financial services private limited company based in Ernakulam, Kerala, India, established in 2020.

2020 Ernakulam, Kerala, India Active

Last Updated: December 27, 2025

About Aceware Fintech Services Private Limited

Aceware Fintech Services Private Limited, a active private limited company, was established on 12 October 2020 in Ernakulam, Kerala, India. Engaging in digital payment solutions within the information and communication sector, it holds CIN: U72200KL2020PTC064973. Registered under ROC Roc Ernakulam. it is unlisted. It has an authorized capital of ₹20.00 Cr and a paid-up capital of ₹14.80 Cr.

It upholds a compliant status. Employing 42 professional, Its leadership includes David Alexander (Director), Jimmin James Kurichiyil (Whole-Time Director), Ashok Kumar Sarangi (Director). Past directors included David Alexander, Jimmin James Kurichiyil, Ashok Kumar Sarangi. It holds ₹16.46 Cr open charges and no settled loans. Its latest AGM occurred on 03 September 2025, with the balance sheet filed on 31 March 2025. It is based at 1St Floor, Pam Tower, Seaport- Airport Road, Vallathol Junction, Thrikkakara, Kochi- 682021, Ernakulam, Kerala, 682021.

Company Details

CIN/LLPIN
U72200KL2020PTC064973
Registration Number
064973
Incorporation Date
12 October 2020
Authorized Capital
₹20.00 Cr
Paid-Up Capital
₹14.80 Cr
ROC Code
Roc Ernakulam
Listing Status
Unlisted
Company Status
Active

Key Metrics

Authorised Capital ₹ 20.00 Cr as on 27-12-2025
Paid Up Capital ₹ 14.80 Cr as on 27-12-2025
Company Age 5 Year, 4 Months
Last Filing with ROC 31 Mar 2025
Open Charges ₹ 16.46 Cr as on 27-12-2025
Revenue Growth **** 269.50% (FY 2023)
Profit Growth **** -58.07% (FY 2023)
Ebitda **** -23.77% (FY 2023)
Net Worth -39.90% (FY 2023)
Total Assets **** 17.90% (FY 2023)

Comprehensive Company Insights

Explore comprehensive insights into Aceware Fintech Services Private Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Aceware Fintech Services Private Limited?

Current Directors

Name	Designation	Appointment Date	Status
David Alexander	Director	01 Dec 2023	Current
Jimmin James Kurichiyil	Whole-Time Director	01 Feb 2023	Current
Ashok Kumar Sarangi	Director	28 Mar 2024	Current
Shashank Narayan Naidu	Director	01 Dec 2023	Current
Charles Francis Xavier	Director	21 May 2024	Current
Devraj Anbu	Director	28 Mar 2024	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Additional Director	07 Dec 2023	Past
Pramod Abcsdd	Ceo	31 Jan 2023	Past
Pramod Abcsdd	Additional Director	28 Mar 2024	Past
Pramod Abcsdd	Additional Director	07 Dec 2023	Past
Pramod Abcsdd	Additional Director	07 Dec 2023	Past
Pramod Abcsdd	Director Appointed In Casual Vacancy	18 Jun 2024	Past

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Financial Performance of Aceware Fintech Services.

Aceware Fintech Services Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 269.5% increase. The company also saw a substantial fall in profitability, with a 58.07% decrease in profit. The company's net worth observed a substantial decline by a decrease of 39.9%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

********

269.50%

*******

Revenue from Operations

*******

288.32%

*******

Total Assets

*******

17.90%

*******

Profit or Loss

*******

-58.07%

*******

Net Worth

*******

-39.90%

*******

EBITDA

*******

-23.77%

*******

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What is the Ownership and Shareholding Structure of Aceware Fintech Services?

In 2023, Aceware Fintech Services had a promoter holding of 99.60% and a public holding of 0.40%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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Charges (Loans)

Open Charges

₹164,600,000.00

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

Others : 14.80 Cr
Yes Bank Limited : 1.66 Cr

Latest Charge Details

Date	Lender	Amount	Status
04 Jul 2025	Yes Bank Limited	₹1.66 Cr	Open
07 Mar 2025	Others	₹10.00 Cr	Open
28 Oct 2024	Others	₹4.80 Cr	Open

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How Many Employees Work at Aceware Fintech Services?

Aceware Fintech Services has a workforce of 42 employees as of Apr 07, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Aceware Fintech Services, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Aceware Fintech Services's trajectory.

Rating

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Aceware Fintech Services

Recent Activity within the Organization

Charges

Progress on A charge with Others of Rs. 4.80 Cr registered on 28 Oct 2024 with Charge ID 100996590 was modified on 08 Dec 2025. was documented.
08 Dec 2025
Annual General Meeting

The activity Aceware Fintech Services Private Limited last Annual general meeting of members was held on 03 Sep 2025 as per latest MCA records. was completed.
03 Sep 2025
Charges

Progress on A charge with Yes Bank Limited amounted to Rs. 1.66 Cr with Charge ID 101128345 was registered on 04 Jul 2025. was documented.
04 Jul 2025
Balance Sheet

Progress on Aceware Fintech Services Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ernakulam. was documented.
31 Mar 2025
Charges

Progress on A charge with Others amounted to Rs. 10.00 Cr with Charge ID 101064619 was registered on 07 Mar 2025. was documented.
07 Mar 2025
Charges

The activity A charge with Others amounted to Rs. 4.80 Cr with Charge ID 100996590 was registered on 28 Oct 2024. was completed.
28 Oct 2024

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