About AddBank
AddBank was a Technology company based in Mumbai (India) founded in 2019 by Jay Ranjeet Bhatt. A cloud-based, AI-driven platform for personalized banking experiences. It operates on a B2C model. Its chief executive, as recorded, is Jay Ranjeet Bhatt. Its Indian entity Airrchip Communications Private Limited reported revenue of ₹78.3 Lakh. The company is recorded as dissolved. Its focus areas include Financial Services, Banking Technology, Personalization Platforms and AI-Driven Solutions. Its competitors include M2P Fintech, Falcon and NeoKred; 3 of its 3 listed competitors have raised funding.
Company details
AddBank a cloud-based, ai-driven platform for personalized banking experiences through offering financial products and advice, banking technology, personalization platforms, and ai-driven solutions. Prioritizing client-centric approaches, it ensures high-quality outcomes, innovation, and sustainable practices in its field. It continues to evolve, meeting industry challenges with strategic approaches.
- Headquarters Mumbai, India
- Founders Jay Ranjeet Bhatt
- SectorsTechnology
- Website addbank.io
- Legal Name Airrchip Communications Private Limited
- Date of Incorporation 08 Jun, 2015
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹78.3 Lakh
FY 2023 · +46% YoY
- Net Profit₹3.8 Lakh
FY 2023 · 5% margin
- EBITDA₹5.5 Lakh
FY 2023 · 7% margin
Associated legal entities of AddBank
AddBank operates through Airrchip Communications Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Airrchip Communications Private Limited CIN U72300MH2015PTC265286 | Active | 08 Jun 2015 | Mumbai, Maharashtra | ₹0.8 Cr | 2 | View details |
Board of directors of Airrchip Communications Private Limited (AddBank)
Airrchip Communications Private Limited is the primary company behind AddBank. The board of Airrchip Communications Private Limited currently have 2 directors; the longest-serving is Jay Ranjeet Bhatt, appointed in 2015.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Jay Ranjeet Bhatt DIN 07138382 | Director | 08 Jun 2015 | 11 yrs 4 mo | Airrchip Communications Private Limited |
| Deepti Ranjeet Bhatt DIN 07138389 | Director | 08 Jun 2015 | 11 yrs 4 mo | Airrchip Communications Private Limited |
People of AddBank
1 people are tracked at AddBank (1 in leadership).
| Name | Role | Group |
|---|---|---|
| Founder, CEO | Leadership |
Complete people profiles for AddBank
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Financials of AddBank
Figures of Airrchip Communications Private Limited, the primary company behind AddBank, for FY 2023. Revenue was ₹78.3 Lakh (+46% year on year). Net profit was ₹3.8 Lakh (5% margin). EBITDA was ₹5.5 Lakh (7% margin). Revenue has grown at a compounded annual rate of +32% over three years and +64% over five years.
- ₹78.3 LakhRevenue · FY 2023 · +46% YoY
- ₹3.8 LakhNet profit · 5% margin
- ₹5.5 LakhEBITDA · 7% margin
- ₹1 LakhPaid-up capital
- +32%Revenue CAGR, 3 years
- +64%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Airrchip Communications Private Limited are on its company page.
Detailed financial statements for AddBank
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Competitors of AddBank
AddBank has 3 listed competitors in our database, 3 of them funded. They include M2P Fintech, Falcon and NeoKred.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| m2pfintech.com | 2014 | Chennai, India | $187.79M | 1,144 | Banking, lending, and payment solutions are provided via custom APIs. | |
| falconfs.com | 2012 | Gurugram, India | $9.2M | 78 | A cloud-native platform is provided for next-generation financial products. | |
| neokred.tech | 2019 | Bengaluru, India | $1.13M | 101 | Provider of open banking and payment infrastructure for digital finance solutions |
Detailed competitors of AddBank
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Top companies in AI in Banking
3 companies that operate in the same segment as AddBank (AI in Banking) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Offers AI-powered product development and consulting services worldwide. | 1997 | Hyderabad, Telangana, India | 2,274 | |||
AI app for automatic expense tracking, bill reminders, and account balance monitoring. | Bathinda, Punjab, India | USD 107.21 K | ||||
Offers digital product development, app modernization, and AI solutions for clients. | 2008 | Hyderabad, Telangana, India | USD 1.74 M | 128 |
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Related news about Addbank
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Frequently Asked Questions about AddBank
AddBank was founded in 2019.
AddBank is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Jay Ranjeet Bhatt is the CEO of AddBank, as recorded in our data. They have also founded this company.
The primary company behind AddBank, Airrchip Communications Private Limited, reported revenue of ₹78.3 Lakh for FY 2023, up 46% year on year.
AddBank a cloud-based, ai-driven platform for personalized banking experiences through offering financial products and advice, banking technology, personalization platforms, and ai-driven solutions. Prioritizing client-centric approaches, it ensures high-quality outcomes, innovation, and sustainable practices in its field. It continues to evolve, meeting industry challenges with strategic approaches.
AddBank's top competitors include Falcon, M2P Fintech and NeoKred.
AddBank operates through Airrchip Communications Private Limited.
The legal entities of AddBank currently have 2 directors, including Jay Ranjeet Bhatt, Deepti Ranjeet Bhatt.