About ECAPS
ECAPS is a Financial Services company based in Bengaluru (India) founded in 2013. Correspondent banking solutions for banks and financial institutions. The company has 94 employees. Its Indian entity Equity Capital Advisors (India) Private Limited reported revenue of ₹136 Cr. Its focus areas include FinTech, Banking Tech and Open Banking.
Company details
ECAPS was founded in 2013 in Bengaluru, India, within the financial services sector. Correspondent banking solutions are provided to banks and financial institutions, alongside services for unbanked villagers through agent networks. These include utility bill payments, AEPS transactions, money transfers, travel reservations, and courier services. Corporate cash management is also extended to small and medium enterprises. Operations focus on accessible banking in rural and underserved areas.
- Annual Revenue₹136 Cr
FY 2025 · +2% YoY
- Net Loss-₹2.38 Cr
FY 2025 · -2% margin
- EBITDA₹3.36 Cr
FY 2025 · 2% margin
- Investors
- Employee Count94
Associated legal entities of ECAPS
ECAPS operates through Equity Capital Advisors (India) 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 |
|---|---|---|---|---|---|---|---|
| Equity Capital Advisors (India) Private Limited CIN U74110MH2000PTC124936 | Active | 15 Mar 2000 | Mumbai, Maharashtra | ₹136 Cr | 94 | 3 | View details |
Apps and channels of ECAPS
its YouTube channel Electronic Cash and Payments Solutions has 80 subscribers and 1 videos.
Videos from ECAPS
The most watched videos on ECAPS's YouTube channel, Electronic Cash and Payments Solutions (80 subscribers). Click a video to play it here.
Funding Insights of ECAPS
- Total Rounds 1
- Investors Count 1
All 1 funding rounds of ECAPS with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2021 | Seed | – | Triterras | – |
1 investors in total: 1 institutional.
Investors in ECAPS
ECAPS has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Triterras.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Blockchain-enabled lending-as-a-service platform for businesses | 2018 | triterras.com | Singapore, Singapore |
Investor details for ECAPS
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Equity Capital Advisors (India) Private Limited (ECAPS)
Equity Capital Advisors (India) Private Limited is the primary company behind ECAPS. The board of Equity Capital Advisors (India) Private Limited currently have 2 directors; the longest-serving is Dommallur Shivanna Nandish, appointed in 2018. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Dommallur Shivanna Nandish DIN 00337385 | Director | 12 Nov 2018 | 7 yrs 11 mo | Equity Capital Advisors (India) Private Limited |
| Rakesh Kumar Aggarwal DIN 01792251 | Director | 16 Jan 2019 | 7 yrs 9 mo | Equity Capital Advisors (India) Private Limited |
People of ECAPS
6 people are tracked at ECAPS (3 in leadership, 3 in team); the tracked headcount is 94.
| Name | Role | Group |
|---|---|---|
Saurabh Jaiswal | Founder & Product Architect | Leadership |
Rekha Menon | Head Of Customer Service And KYC | Leadership |
Chengal Raja | Regional Business Head | Leadership |
Vinayak Chandrakumar | AVP - Business | Team |
Ayush Benny | Software Engineer | Team |
Ashok Kumar | Sales Manager Ranchi | Team |
Complete people profiles for ECAPS
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Financials of ECAPS
Figures of Equity Capital Advisors (India) Private Limited, the primary company behind ECAPS, for FY 2025. Revenue was ₹136 Cr (+2% year on year). Net loss was -₹2.38 Cr (-2% margin). EBITDA was ₹3.36 Cr (2% margin). Revenue has grown at a compounded annual rate of +20% over three years and +18% over five years.
- ₹136 CrRevenue · FY 2025 · +2% YoY
- -₹2.38 CrNet loss · -2% margin
- ₹3.36 CrEBITDA · 2% margin
- ₹33.87 CrPaid-up capital
- 94Employees (provident fund records)
- +20%Revenue CAGR, 3 years
- +18%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Equity Capital Advisors (India) Private Limited are on its company page.
Detailed financial statements for ECAPS
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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- Downloads
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Timeline of ECAPS
2 dated milestones of ECAPS across 8 years, from founding to its latest funding, stage changes and deals.
- Founded ECAPS is founded.
- Funding First funding round.
Web traffic of ECAPS
The website of ECAPS (ecaps.in) receives about 1.7K visits a month.
- Monthly visits1.7K
▼ 42.1% vs previous month
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Related news about Ecaps
Complete news archive for ECAPS
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Frequently Asked Questions about ECAPS
ECAPS was founded in 2013 and raised its 1st funding round 8 years after it was founded.
ECAPS is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
ECAPS has 94 employees.
The primary company behind ECAPS, Equity Capital Advisors (India) Private Limited, reported revenue of ₹136 Cr for FY 2025, up 2% year on year.
ECAPS was founded in 2013 in Bengaluru, India, within the financial services sector. Correspondent banking solutions are provided to banks and financial institutions, alongside services for unbanked villagers through agent networks. These include utility bill payments, AEPS transactions, money transfers, travel reservations, and courier services. Corporate cash management is also extended to small and medium enterprises. Operations focus on accessible banking in rural and underserved areas.
ECAPS has 1 investor. Key investors include Triterras.
ECAPS operates through Equity Capital Advisors (India) Private Limited.
The legal entities of ECAPS currently have 3 directors, including Rakesh Kumar Aggarwal, Dommallur Shivanna Nandish, Vinita Advani.