About BasicFin
BasicFin is a Financial Services company based in Mumbai (India) founded in 1994. It offers asset management services to clients. It operates on a B2B model. Its Indian entity Basic Financial Services Private Limited reported revenue of ₹3.32 Cr. Its focus areas include Finance, Asset Management, Investment Services and Wealth Advisory. Similar companies include Fidelity Investments, UTI Mutual Fund, S&P Global, Bank of America and FIS and 5 more; 4 of its 10 listed similar companies have raised funding.
Company details
BasicFin, founded in 1994 in Mumbai, India, focuses on finance, managing assets, investment services, and wealth advisory. Offers asset management services to clients. The company is dedicated to excellence, innovation, and customer satisfaction, ensuring sustainable practices and long-term success in its sectors.
- Headquarters Mumbai, India
- SectorsFinancial Services
- Email••••••••
- Website basicfin.com
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- Legal Name Basic Financial Services Private Limited
- Date of Incorporation 26 Sep, 1994
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹3.32 Cr
FY 2025 · +35% YoY
- Net Profit₹1.09 Cr
FY 2025 · 33% margin
- EBITDA₹1.23 Cr
FY 2025 · 37% margin
Associated legal entities of BasicFin
BasicFin operates through Basic Financial Services Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Basic Financial Services Private Limited CIN U67120MH1994PTC081468 | Active | 26 Sep 1994 | Mumbai, Maharashtra | ₹3.3 Cr | – | 3 | View details |
Board of directors of Basic Financial Services Private Limited (BasicFin)
Basic Financial Services Private Limited is the primary company behind BasicFin. The board of Basic Financial Services Private Limited currently have 3 directors; the longest-serving is Nikhil Jaysukhlal Mehta, appointed in 1994.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Nikhil Jaysukhlal Mehta DIN 00380745 | Director | 26 Sep 1994 | 32 yrs | Basic Financial Services Private Limited |
| Jyoti Nikhil Mehta DIN 01307460 | Director | 26 Sep 1994 | 32 yrs | Basic Financial Services Private Limited |
| Gauri Nikhil Mehta DIN 10721916 | Director | 16 Sep 2024 | 2 yrs 1 mo | Basic Financial Services Private Limited |
Financials of BasicFin
Figures of Basic Financial Services Private Limited, the primary company behind BasicFin, for FY 2025. Revenue was ₹3.32 Cr (+35% year on year). Net profit was ₹1.09 Cr (33% margin). EBITDA was ₹1.23 Cr (37% margin). Revenue has grown at a compounded annual rate of +14% over three years and +16% over five years.
- ₹3.32 CrRevenue · FY 2025 · +35% YoY
- ₹1.09 CrNet profit · 33% margin
- ₹1.23 CrEBITDA · 37% margin
- ₹1 LakhPaid-up capital
- +14%Revenue CAGR, 3 years
- +16%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Basic Financial Services Private Limited are on its company page.
Detailed financial statements for BasicFin
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Similar companies to BasicFin
BasicFin has 10 listed similar companies in our database, 4 of them funded. They include Fidelity Investments, UTI Mutual Fund, S&P Global, Bank of America and FIS, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| fidelity.com | 1946 | Boston, United States | $517.99M | 24,000 | Provider of brokerage accounts, retirement planning, wealth management, and trading platforms | |
| utimf.com | 2001 | Mumbai, India | $142.4M | 1,468 | Mutual funds, portfolio management, and retirement planning services are offered. | |
| spglobal.com | 1917 | New York, United States | $8M | 5,000 | Platform offering business intelligence solutions that combine data and actionable analytics for clients | |
| bankofamerica.com | 1904 | Charlotte, United States | – | 208,000 | Commercial banking and asset management services are offered worldwide. | |
| fisglobal.com | 1968 | Jacksonville, United States | – | 22,604 | Software suites for banks and financial institutions are provided. | |
| statestreet.com | 1792 | Boston, United States | – | 46,000 | Financial services are provided to asset managers worldwide. | |
| 360.one | 2008 | Mumbai, India | – | 65 | Asset and wealth management software is provided for businesses. | |
| avendus.com | 1999 | Mumbai, India | $178.11M | 215 | Corporate advisory and investment services are provided to clients. | |
| sundaramfinance.in | 1954 | Chennai, India | – | 8,285 | Provider of consumer & SME loans and equipment & vehicle leasing services | |
| goldmansachs.com | 1869 | New York, United States | – | 333 | Investment banking services are delivered across multiple financial sectors. |
Detailed similar companies of BasicFin
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- Full competitor set
- Operating metrics
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Verified entity values are shown only after access is granted.
Web traffic of BasicFin
The website of BasicFin (basicfin.com) receives about 1.1K visits a month.
- Monthly visits1.1K
▲ 11.8% vs previous month
Top companies in Asset Management
10 companies that operate in the same segment as BasicFin (Asset Management), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Digital entertainment, e-commerce, and financial services are provided globally. | 2006 | Singapore, Singapore, Singapore | USD 721.47 M | USD 22.94 B | 3,733 | |
Provider of brokerage accounts, retirement planning, wealth management, and trading platforms | 1946 | Boston, Massachusetts, United States | USD 517.99 M | – | – | |
Provides mutual funds management and financial advisory services. | 1987 | Mumbai, Maharashtra, India | – | – | – | |
Global banking, investment, and wealth management services are offered worldwide. | 1974 | London, England, United Kingdom | – | USD 6.37 B | 7,550 | |
Insurance, banking, and wealth management services are provided worldwide. | 1816 | Paris, France | – | USD 128.35 B | 100,040 | |
Diversified investment management services are offered across multiple asset classes. | 2001 | Rio De Janeiro, Rio De Janeiro, Brazil | USD 273 M | – | – | |
Mutual funds, portfolio management, and retirement planning services are offered. | 2001 | Mumbai, Maharashtra, India | USD 142.4 M | USD 180.76 M | 1,840 | |
Investment banking services are delivered across multiple financial sectors. | 1869 | New York, New York, United States | – | USD 126.21 B | 46,500 | |
Universal banking and financial advisory services are provided globally. | 1865 | London, England, United Kingdom | – | USD 141.4 B | 211,000 | |
Insurance and asset management services are offered in multiple regions. | 1696 | London, England, United Kingdom | – | USD 78.79 B | 29,090 |
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Frequently Asked Questions about BasicFin
BasicFin was founded in 1994.
BasicFin is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
The primary company behind BasicFin, Basic Financial Services Private Limited, reported revenue of ₹3.32 Cr for FY 2025, up 35% year on year.
BasicFin, founded in 1994 in Mumbai, India, focuses on finance, managing assets, investment services, and wealth advisory. Offers asset management services to clients. The company is dedicated to excellence, innovation, and customer satisfaction, ensuring sustainable practices and long-term success in its sectors.
BasicFin's top competitors include Fidelity Investments, UTI Mutual Fund and Goldman Sachs.
BasicFin operates through Basic Financial Services Private Limited.
The legal entities of BasicFin currently have 3 directors, including Nikhil Jaysukhlal Mehta, Gauri Nikhil Mehta, Jyoti Nikhil Mehta.