Affine Analytics Private Limited

Affine Analytics Private Limited - business outsourcing in Bangalore, Karnataka, India. FY 2026 financials & compliance.
CIN U74999KA2011PTC057118 Incorporated 15 February 2011 ROC Bangalore HQ Bangalore, Karnataka, India
Active Private Limited Company business outsourcing MSME
Data last updated
Revenue · FY 2024
₹144.83 Cr
▼ 10% YoY
Net profit · FY 2024
₹1.94 Cr
Net margin 1.3%
EBITDA · FY 2024
₹7.02 Cr
EBITDA margin 4.8%
Authorised capital
₹2 Cr
Registered with MCA
Paid-up capital
₹51.65 Lakh
Issued & subscribed
Open charges
₹15 Cr
Satisfied ₹31.86 Cr
Company age
15 yrs
Est. 2011
Employees · EPFO
351
Provident fund records

About Affine Analytics Private Limited

Data last updated:

Affine Analytics Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the business and IT consulting segment of the business process outsourcing sector. It was incorporated on 15 February 2011 and has been in existence for over 15 years.

The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74999KA2011PTC057118. Its GSTIN is 29AAJCA8212A1ZZ (Karnataka). The company holds 3 GST registrations, all of them active.

The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹51.65 Lakh. It is led by directors including Karnam Nagarajan Saivisveswar and Vineet Kumar.

Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at No. 46 A And 47 Hsr Layout Sector 6 Bengaluru, Bangalore, Karnataka, India – 560102.

As per the financials filed for FY 2024, the company reported a revenue of ₹144.83 Cr, a decline of 10% compared to the previous year. For the same year it recorded a net profit of ₹1.94 Cr (net margin 1.3%) and EBITDA of ₹7.02 Cr (EBITDA margin 4.8%). Revenue has grown at a compounded annual rate (CAGR) of 7% over three years and 11% over five years.

The company has about 351 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Affine. As per MCA filings, the company has open charges of ₹15 Cr and satisfied charges of ₹31.86 Cr on record. Court records list 8 cases involving the company, including 5 filed by the company and 3 filed against it; 2 cases are pending. The company has 13 deals on record (9 secondary share transfers, 4 funding rounds), with disclosed funding of ₹5.67 Cr; the latest was in April 2022. The company has 13 MSME Form 1 returns on record between 2019 and 2024, listing 71 overdue payments to 25 micro and small suppliers.

Affine Analytics Private Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-KR-03-0019081). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website affine.ai.

Company details

CIN U74999KA2011PTC057118
Registration Number 057118
Incorporation Date 15 February 2011
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification MSME
Udyam Registration UDYAM-KR-03-0019081
Key People
Karnam Nagarajan Saivisveswar Director Vineet Kumar Director Manas Agrawal Director

Recognitions & Rankings of Affine Analytics

MSME (Udyam registered) Ministry of MSME
Udyam number
UDYAM-KR-03-0019081

Contact details

Affine Analytics Private Limited's registered office is in Bangalore, Karnataka. Its website is affine.ai. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    affine.ai
  • Social Media
  • Registered Address
    No. 46 A And 47 Hsr Layout Sector 6 Bengaluru, Bangalore, Karnataka, India – 560102
  • Industry
    Business Outsourcing, Business & IT Consulting

To see the full contact details of Affine Analytics Private Limited, buy the company report.

Comprehensive company report
Affine Analytics 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Brands

Affine Analytics operates one associated brand: Affine. Each brand links to its own profile.

BrandDescriptionWebsite
Affine
IT service suite solutions are provided to businesses.affine.ai

Business activity

The main business activity of Affine Analytics is professional, scientific and technical. In detail, this covers management consultancy activities.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
MProfessional, Scientific and TechnicalM3Management consultancy activities

To see the full business activity and turnover split of Affine Analytics Private Limited, buy the company report.

Financials of Affine Analytics Private Limited

FY 2024 filings available

Affine Analytics Private Limited reported revenue of ₹144.83 Cr (down 10% YoY) for FY 2024.

Revenue · FY 2024
₹144.83 Cr ▼ 10%
Net profit · FY 2024
₹1.94 Cr margin 1.3%
EBITDA · FY 2024
₹7.02 Cr margin 4.8%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▼ 10%
3 years · compounded
▲ 7%
5 years · compounded
▲ 11%
EBITDA CAGR growth
1 year
▼ 59%
3 years · compounded
▲ 43%
5 years · compounded
▼ 1%

Revenue fell 10% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 11%. EBITDA fell 59% 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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
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₹7.02 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)₹1.94 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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Profitability
EBITDA Margin4.8%
Net Profit Margin1.3%
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 Affine Analytics Private Limited, buy the company report.

Board of directors of Affine Analytics Private Limited

Affine Analytics has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Karnam Nagarajan Saivisveswar
Also directs: Samarpan Innovations LLP, Profectus Analytics Private Limited, Radhika Ferro Products Private Limited and 1 more
Director15 Nov 201213 Years 11 MonthsCurrent
Vineet KumarDirector15 Feb 201115 Years 8 MonthsCurrent
Manas Agrawal
Also directs: Samarpan Innovations LLP, Navadhi Intellisys Private Limited, Profectus Analytics Private Limited
Director13 Apr 201214 Years 6 MonthsCurrent
View all directors

Auditor

Affine Analytics Private Limited is audited by CHHAPOLIKA & COMPANY for the financial year 2023.

Auditor firmFinancial yearFirm registration number
CHHAPOLIKA & COMPANYFY 2023030728N

Shareholding

The shareholding of Affine Analytics Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2023FY 2022FY 2021FY 2020FY 2019
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Affine Analytics Private Limited, buy the company report.

Charges & borrowings

Open charges
₹15 Cr
Satisfied charges
₹31.86 Cr
Breakdown by lending institutions
Others₹15.00 Cr
The Hongkong and Shanghai Banking Corporation Limited₹12.96 Cr
Citi Bank N.A.₹3.90 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
15 Sep 2023100787136Others₹13 CrSatisfied
08 Sep 2023100787127Others₹2 CrSatisfied
17 Apr 2021100461645The Hongkong and Shanghai Banking Corporation Limited₹12.96 CrSatisfied
28 Feb 2018100224047Citi Bank N.A.₹3.9 CrSatisfied

To see the full charge records of Affine Analytics Private Limited, buy the company report.

Total charge records: 4 View all charges

Deals & funding

Affine Analytics Private Limited has 13 deals on record (9 secondary share transfers, 4 funding rounds), with disclosed funding of ₹5.67 Cr; the latest was in April 2022.

Total deals
13
Secondary share transfers
9
Funding rounds
4
Disclosed funding
₹5.67 Cr

Deals on record (5 of 13)

WhenDealAmountParties
Apr 2022Secondary share transferUndisclosedBuyer: an individual
Seller: an individual
Nov 2021Secondary share transferUndisclosedBuyer: 4 individuals
Seller: 2 individuals
Jul 2020Secondary share transferUndisclosedSeller: 4 individuals
Jan 2020Secondary share transferUndisclosedBuyer: an individual
Seller: an individual
Dec 2019Secondary share transferUndisclosedBuyer: an individual
Seller: an individual

To see the full deal history of Affine Analytics Private Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

Affine Analytics Private Limited has 13 MSME Form 1 returns on record between 2019 and 2024, listing 71 overdue payments to 25 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (5 of 25)

SupplierAmount dueDue sinceReported on
Mergen Corporates Pvt Ltd
Taxedge Boutique LLP
Cartel Infosystems Private Limited
Chhapolika & Company - Delhi
Prowis Corporate Services Private Limited

To see the full MSME payment records of Affine Analytics Private Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

Affine Analytics Private Limited has a workforce of 351 employees on its EPFO records as of Mar 23, 2024, across 1 active EPFO establishment.

Employee count
351
Active EPFO establishments
1
Employee growth
-15.62%

GST

Affine Analytics has 3 GST registrations: 3 active.

Total GSTINs
3
Active
3
GSTINStateStatusRegistered on
29AAJCA8212A1ZZKarnatakaActive01 Jul 2017
29AAJCA8212A2ZYKarnatakaActive01 Apr 2025
36AAJCA8212A1Z4TelanganaActive17 Aug 2023

To see the full GST registrations and return filing status of Affine Analytics Private Limited, buy the company report.

Recent activity

Affine Analytics Private Limited has 7 board changes on record since 2011: 3 appointments and 4 cessations. The latest: Abhishek Anand ceased to be Director on 09 Sep 2025.

Ceased
Abhishek Anand ceased to be Director.
Charges
A charge registered on 15 Sep 2023 via Charge ID 100787136 with Others was fully satisfied on 01 Jul 2025.
Charges
A charge registered on 08 Sep 2023 via Charge ID 100787127 with Others was fully satisfied on 12 Feb 2025.
AGM
Affine Analytics Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Affine Analytics Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Charges
A charge registered on 17 Apr 2021 via Charge ID 100461645 with The Hongkong And Shanghai Banking Corporation Limited was fully satisfied on 12 Oct 2023.
Charges
A charge with Others amounted to Rs. 13.00 Cr with Charge ID 100787136 was registered on 15 Sep 2023.
Charges
A charge with Others amounted to Rs. 2.00 Cr with Charge ID 100787127 was registered on 08 Sep 2023.
Charges
A charge with The Hongkong And Shanghai Banking Corporation Limited amounted to Rs. 12.96 Cr with Charge ID 100461645 was registered on 17 Apr 2021.
Charges
A charge registered on 28 Feb 2018 via Charge ID 100224047 with Citi Bank N.A. was fully satisfied on 06 Jun 2020.
Charges
A charge with Citi Bank N.A. amounted to Rs. 3.90 Cr with Charge ID 100224047 was registered on 28 Feb 2018.
Ceased
Karnam Nagarajan Saivisveswar ceased to be Additional Director.

6 earlier events are in the company report.

News

Frequently asked questions

Affine Analytics is an active private limited company based in Bangalore, Karnataka, India. The company works in business and IT consulting, within the business outsourcing industry. It was incorporated on 15 February 2011 (15+ years old) and is registered under CIN U74999KA2011PTC057118.

Affine Analytics has 3 current directors:

The latest financial statements of Affine Analytics on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.

The GSTIN of Affine Analytics is 29AAJCA8212A1ZZ, registered in Karnataka. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 29AAJCA8212A2ZY (Karnataka), 36AAJCA8212A1Z4 (Telangana).

The CIN (Corporate Identification Number) of Affine Analytics is U74999KA2011PTC057118. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Affine Analytics has 8 court cases on record: 5 filed by the company and 3 filed against it. 2 are pending. Most are in the district courts.

Affine Analytics was incorporated on 15 February 2011, making it 15+ years old. It is registered with the Registrar of Companies, Bangalore.

Affine Analytics has 13 deals on record (9 secondary share transfers, 4 funding rounds), with disclosed funding of ₹5.67 Cr; the latest was in April 2022.

Abhishek Anand ceased to be Director on 09 Sep 2025. Karnam Nagarajan Saivisveswar ceased to be Additional Director on 30 Sep 2013. Karnam Nagarajan Saivisveswar was appointed as Director on 15 Nov 2012. Affine Analytics has 7 board changes on record in total.

Yes, Affine Analytics is registered as an MSME under Udyam registration (number: UDYAM-KR-03-0019081).

Affine Analytics has 13 MSME Form 1 returns on record between 2019 and 2024, listing 71 overdue payments to 25 micro and small suppliers. The latest return was filed on 30 Apr 2024.