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Aceware Fintech Services Private Limited - financial services in Ernakulam, Kerala, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹24.07 Cr
▲ 592% YoY
Net profit · FY 2025
₹1.38 Cr
Net margin 5.7%
EBITDA · FY 2025
₹4.47 Cr
EBITDA margin 18.6%
Authorised capital
₹20 Cr
Registered with MCA
Paid-up capital
₹14.8 Cr
Issued & subscribed
Open charges
₹28.46 Cr
Secured borrowings
Company age
6 yrs
Est. 2020
Employees · EPFO
42
Provident fund records
About Aceware Fintech Services Private Limited
Data last updated:
Aceware Fintech Services Private Limited is a private limited company based in Ernakulam, Kerala, India, recognised as a startup by DPIIT. It operates in the digital payment solutions segment of the financial services sector. It was incorporated on 12 October 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U72200KL2020PTC064973. Its GSTIN is 32AAUCA1962G1ZM (Kerala).
The company has an authorised share capital of ₹20 Cr and a paid-up capital of ₹14.8 Cr. It is led by directors including Nimisha Joseph Vadakkan (Managing Director) and Jimmin James Kurichiyil (Whole-Time Director).
Its last annual general meeting (AGM) was held on 03 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Ernakulam, Kerala.
As per the financials filed for FY 2025, the company reported a revenue of ₹24.07 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹1.38 Cr (net margin 5.7%) and EBITDA of ₹4.47 Cr (EBITDA margin 18.6%). Revenue has grown at a compounded annual rate (CAGR) of 259% over three years.
The company has about 42 employees on its provident fund (EPFO) records.
The company is associated with 3 brands: Aceware Technologies, Tootl and Acemoney. As per MCA filings, the company has open charges of ₹28.46 Cr on record. Court records list 4 cases involving the company, including 4 filed by the company; 3 cases are pending. The company has 3 deals on record (2 rights issues, 1 funding round), with disclosed funding of ₹7.64 Cr; the latest was in November 2022.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website acewaretechnology.com.
Company details
CIN U72200KL2020PTC064973
Registration Number 064973
Incorporation Date 12 October 2020
ROC Ernakulam
Listing Status Unlisted
Company Status Active
Date of Last AGM 03 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
Key People
Nimisha Joseph Vadakkan Managing Director Jimmin James Kurichiyil Whole-Time Director David Alexander Director Recognitions & Rankings of Aceware Fintech Services
Contact details
Aceware Fintech Services Private Limited's registered office is in Ernakulam, Kerala. Its website is acewaretechnology.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered Address1st Floor Pam Tower Seaport – Airport Road, Vallathol Junction Thrikkakara Kochi – 682021, Ernakulam, Kerala, India – 682021
- IndustryFinancial Services, Digital Payment Solutions
To see the full contact details of Aceware Fintech Services Private Limited, buy the company report.
Comprehensive company report
Aceware Fintech Services 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
Aceware Fintech Services operates multiple associated brands including Aceware Technologies, Tootl, and Acemoney. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides Ayurvedic healing therapies, massages, and wellness services in India. | acewaretechnology.com | |
| Travel activities are discovered and booked through a mobile app. | tootl.co | |
| Payment processing is facilitated through agents and digital channels. | acemoney.in |
Business activity
The main business activity of Aceware Fintech Services 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 Aceware Fintech Services Private Limited, buy the company report.
Financials of Aceware Fintech Services Private Limited
FY 2025 filings availableAceware Fintech Services Private Limited reported revenue of ₹24.07 Cr (up 592% YoY) for FY 2025.
Revenue · FY 2025
₹24.07 Cr ▲ 592%
Net profit · FY 2025
₹1.38 Cr margin 5.7%
EBITDA · FY 2025
₹4.47 Cr margin 18.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 592%
3 years · compounded
▲ 259%
EBITDA CAGR growth
1 year
▲ 354%
3 years · compounded
▲ 60%
Revenue has grown at a compounded annual rate (CAGR) of 259% over three years, including 592% growth in the latest year. EBITDA rose 354% 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 | ₹4.47 Cr | ||||
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| Net Profit (PAT) | ₹1.38 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 18.6% | ||||
| Net Profit Margin | 5.7% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Aceware Fintech Services Private Limited, buy the company report.
Board of directors of Aceware Fintech Services Private Limited
Aceware Fintech Services has 7 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nimisha Joseph Vadakkan | Managing Director | 12 Oct 2020 | 6 Years 0 Months | Current |
| Jimmin James Kurichiyil | Whole-Time Director | 01 Feb 2023 | 3 Years 8 Months | Current |
| David Alexander | Director | 01 Dec 2023 | 2 Years 10 Months | Current |
| Charles Francis Xavier | Director | 21 May 2024 | 2 Years 5 Months | Current |
| Ashok Kumar Sarangi | Director | 28 Mar 2024 | 2 Years 7 Months | Current |
| Devraj Anbu Also directs: Radiant Cash Management Services Limited | Director | 28 Mar 2024 | 2 Years 7 Months | Current |
Showing 6 of 7 current directors. View all directors
Auditor
Aceware Fintech Services Private Limited is audited by R S M & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R S M & Associates | FY 2023 | 002813S |
Shareholding
The shareholding of Aceware Fintech Services Private Limited is on record for 3 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 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Aceware Fintech Services Private Limited, buy the company report.
Charges & borrowings
Open charges
₹28.46 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Dec 2025 | 101210156 | Others | ₹12 Cr | Open | |
| 04 Jul 2025 | 101128345 | Yes Bank Limited | ₹1.66 Cr | Open | |
| 07 Mar 2025 | 101064619 | Others | ₹10 Cr | Open | |
| 28 Oct 2024 | 100996590 | Others | ₹4.8 Cr | Open |
To see the full charge records of Aceware Fintech Services Private Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Aceware Fintech Services Private Limited has 3 deals on record (2 rights issues, 1 funding round), with disclosed funding of ₹7.64 Cr; the latest was in November 2022.
Total deals
3
Rights issues
2
Funding round
1
Disclosed funding
₹7.64 Cr
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2022 | Rights issue | ₹20 Lakh | Investors: an individual |
| Mar 2022 | Funding round | ₹7.64 Cr | Investors: an individual |
| Feb 2021 | Rights issue | ₹4 Lakh | Investors: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Aceware Fintech Services Private Limited has 4 court cases on record: 4 filed by Aceware Fintech Services. 3 cases are pending and 1 is disposed.
Total cases
4
Filed by the company
4
Pending
3
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 0 | 3 |
| High courts | 1 | 0 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ernakulam, Kerala | Criminal complaint | Filed by the company against an individual | Pending |
| District court, Ernakulam, Kerala | Criminal complaint | Filed by the company against an individual | Pending |
| District court, Ernakulam, Kerala | Criminal complaint | Filed by the company against an individual | Pending |
| Bombay High Court | Writ petition | Filed by the company against The C.K.P. Co Operative Bank Ltd. and Anr. | Disposed |
To see the full case history of Aceware Fintech Services Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Aceware Fintech Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Aceware Fintech Services Private Limited has a workforce of 42 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
Employee count
42
Active EPFO establishments
1
Employee growth
61.54%
GST
Aceware Fintech Services has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 32AAUCA1962G1ZM | Kerala | Active | 18 Nov 2020 |
To see the full GST registrations and return filing status of Aceware Fintech Services Private Limited, buy the company report.
Recent activity
Aceware Fintech Services Private Limited has 11 board changes on record since 2020: 9 appointments and 2 cessations. The latest: Charles Francis Xavier was appointed as Director on 21 May 2024.
Charges
A charge with Others amounted to Rs. 12.00 Cr with Charge ID 101210156 was registered on 15 Dec 2025.
Charges
A charge with Others of Rs. 4.80 Cr registered on 28 Oct 2024 with Charge ID 100996590 was modified on 08 Dec 2025.
AGM
Aceware Fintech Services Private Limited last Annual general meeting of members was held on 03 Sep 2025 as per latest MCA records.
Charges
A charge with Yes Bank Limited amounted to Rs. 1.66 Cr with Charge ID 101128345 was registered on 04 Jul 2025.
Filing
Aceware Fintech Services Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ernakulam.
Charges
A charge with Others amounted to Rs. 10.00 Cr with Charge ID 101064619 was registered on 07 Mar 2025.
Charges
A charge with Others amounted to Rs. 4.80 Cr with Charge ID 100996590 was registered on 28 Oct 2024.
Appointed
Charles Francis Xavier was appointed as Director.
Ceased
Ravi Venkatraman ceased to be Director.
Appointed
Ashok Kumar Sarangi was appointed as Director.
Appointed
Devraj Anbu was appointed as Director.
Appointed
David Alexander was appointed as Director.
7 earlier events are in the company report.
News
Frequently asked questions
Aceware Fintech Services is an active private limited company based in Ernakulam, Kerala, India. The company works in digital payment solutions, within the financial services industry. It was incorporated on 12 October 2020 (6+ years old) and is registered under CIN U72200KL2020PTC064973.
Aceware Fintech Services has 7 current directors:
- Nimisha Joseph Vadakkan - Managing Director
- Jimmin James Kurichiyil - Whole-Time Director
- David Alexander - Director
- Charles Francis Xavier - Director
- Ashok Kumar Sarangi - Director
- Devraj Anbu - Director
- Shashank Narayan Naidu - Director
The latest financial statements of Aceware Fintech Services on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 03 September 2025. Year-wise statements from FY 2021 are in the company report.
The GSTIN of Aceware Fintech Services is 32AAUCA1962G1ZM, registered in Kerala.
The CIN (Corporate Identification Number) of Aceware Fintech Services is U72200KL2020PTC064973. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Aceware Fintech Services has 4 court cases on record: 4 filed by the company. 3 are pending. Most are in the district courts.
Aceware Fintech Services was incorporated on 12 October 2020, making it 6+ years old. It is registered with the Registrar of Companies, Ernakulam.
Aceware Fintech Services has 3 deals on record (2 rights issues, 1 funding round), with disclosed funding of ₹7.64 Cr; the latest was in November 2022.
Charles Francis Xavier was appointed as Director on 21 May 2024. Ravi Venkatraman ceased to be Director on 02 May 2024. Ashok Kumar Sarangi was appointed as Director on 28 Mar 2024. Aceware Fintech Services has 11 board changes on record in total.
Yes, Aceware Fintech Services is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).