DPIIT recognised startup Government of India
Startup India
Asher Fintech Private Limited
Asher Fintech Private Limited - financial services in Vadodara, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹29.76 Cr
▲ 716% YoY
Net profit · FY 2025
₹5.65 Cr
Net margin 19%
EBITDA · FY 2025
₹5.65 Cr
EBITDA margin 19%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
5 yrs
Est. 2021
Directors on board
2
As per MCA filings
Active GSTINs
1
GST registered
About Asher Fintech Private Limited
Data last updated:
Asher Fintech Private Limited is a private limited company based in Vadodara, Gujarat, India, recognised as a startup by DPIIT. It operates in the financial intermediation and lending segment of the financial services sector. It was incorporated on 28 April 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U65990GJ2021PTC122326. Its GSTIN is 24AAKCR9732R1ZH (Gujarat).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as R Capital Advisory Private Limited and Asher Fincorp Private Limited. It is led by directors Monish Chetan Asher and Rohini Chetan Asher.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Flat No – 201 Shreeji Krupa 25/C Pratapgunj, Vadodara, Gujarat, India – 390022.
As per the financials filed for FY 2025, the company reported a revenue of ₹29.76 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹5.65 Cr (net margin 19%) and EBITDA of ₹5.65 Cr (EBITDA margin 19%). Revenue has grown at a compounded annual rate (CAGR) of 90% over three years.
Company details
CIN U65990GJ2021PTC122326
Registration Number 122326
Incorporation Date 28 April 2021
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
DPIIT Recognition Recognised Startup
Name history
Asher Fintech has undergone 3 name changes throughout its history. The company was previously known as R Capital Advisory Private Limited, Asher Fincorp Private Limited, and Rashar Capital Advisory Private Limited. The current legal name is Asher Fintech Private Limited.
| Company Name | Status |
|---|---|
| Asher Fintech Private Limited | Current |
| R Capital Advisory Private Limited | Previous |
| Asher Fincorp Private Limited | Previous |
| Rashar Capital Advisory Private Limited | Previous |
Recognitions & Rankings of Asher Fintech
Contact details
Asher Fintech Private Limited's registered office is in Vadodara, Gujarat. Its e-mail address is in the company report.
- Email
- Registered AddressFlat No – 201 Shreeji Krupa 25/C Pratapgunj, Vadodara, Gujarat, India – 390022
- IndustryFinancial Services, Other Financial Intermediation
To see the full contact details of Asher Fintech Private Limited, buy the company report.
Comprehensive company report
Asher Fintech 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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Business activity
The main business activity of Asher Fintech is financial and insurance activities. In detail, this covers activities auxiliary to financial service and insurance activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance activities | 66 | Activities auxiliary to financial service and insurance activities |
To see the full business activity and turnover split of Asher Fintech Private Limited, buy the company report.
Financials of Asher Fintech Private Limited
FY 2025 filings availableAsher Fintech Private Limited reported revenue of ₹29.76 Cr (up 716% YoY) for FY 2025.
Revenue · FY 2025
₹29.76 Cr ▲ 716%
Net profit · FY 2025
₹5.65 Cr margin 19%
EBITDA · FY 2025
₹5.65 Cr margin 19%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 716%
3 years · compounded
▲ 90%
EBITDA CAGR growth
1 year
▲ 385%
3 years · compounded
▲ 135%
Revenue has grown at a compounded annual rate (CAGR) of 90% over three years, including 716% growth in the latest year. EBITDA rose 385% 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 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ||||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
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| Depreciation and Amortisation | ||||
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| Total Expenses | ||||
| EBITDA | ₹5.65 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹5.65 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 | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 19% | |||
| Net Profit Margin | 19% | |||
| 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 Asher Fintech Private Limited, buy the company report.
Board of directors of Asher Fintech Private Limited
Asher Fintech has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Monish Chetan Asher Also directs: Rightspot Advertisement LLP, R.Solutions Private Limited | Director | 28 Apr 2021 | 5 Years 6 Months | Current |
| Rohini Chetan Asher Also directs: R.Solutions Private Limited | Director | 28 Apr 2021 | 5 Years 6 Months | Current |
Auditor
Asher Fintech Private Limited is audited by Manish Dubal & Associates for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Manish Dubal & Associates | FY 2024 | 143924W |
Shareholding
The shareholding of Asher Fintech Private Limited is on record for 2 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2022 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Asher Fintech Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Asher Fintech 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 Asher Fintech Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Asher Fintech Private Limited has 1 active EPFO establishment as of Nov 04, 2025.
Active EPFO establishments
1
GST
Asher Fintech has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAKCR9732R1ZH | Gujarat | Active | 17 Sep 2021 |
To see the full GST registrations and return filing status of Asher Fintech Private Limited, buy the company report.
Recent activity
Asher Fintech Private Limited has 2 board changes on record since 2021: 2 appointments. The latest: Monish Chetan Asher was appointed as Director on 28 Apr 2021.
AGM
Asher Fintech Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Asher Fintech Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Appointed
Monish Chetan Asher was appointed as Director.
Appointed
Rohini Chetan Asher was appointed as Director.
Incorporation
28 Apr 2021
Asher Fintech Private Limited was registered on 28 Apr 2021 with Roc Ahmedabad & aged 5 years 6 months as per MCA records.
Frequently asked questions
Asher Fintech is an active private limited company based in Vadodara, Gujarat, India. The company works in other financial intermediation, within the financial services industry. It was incorporated on 28 April 2021 (5+ years old) and is registered under CIN U65990GJ2021PTC122326.
Asher Fintech has 2 current directors:
- Monish Chetan Asher - Director
- Rohini Chetan Asher - Director
The latest financial statements of Asher Fintech on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2022 are in the company report.
The GSTIN of Asher Fintech is 24AAKCR9732R1ZH, registered in Gujarat.
The CIN (Corporate Identification Number) of Asher Fintech is U65990GJ2021PTC122326. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Asher Fintech was incorporated on 28 April 2021, making it 5+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Monish Chetan Asher was appointed as Director on 28 Apr 2021. Rohini Chetan Asher was appointed as Director on 28 Apr 2021.
Yes, Asher Fintech is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
The registered office of Asher Fintech is at Flat No – 201 Shreeji Krupa 25C Pratapgunj, Vadodara, Gujarat, India – 390022.
Asher Fintech operates in the financial services industry, in the other financial intermediation segment.
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