About IFTAS
IFTAS is a Financial Services company based in Mumbai (India) founded in 2015. It provides software solutions tailored for the banking industry. It operates on a B2B model. The company has 239 employees. Its website iftas.in draws about 10 thousand monthly visits. Its Indian entity Indian Financial Technology And Allied Services reported revenue of ₹455 Cr. Its focus areas include Finance, Fintech, Banking Software and Industry Solutions. Its competitors include Comviva and Infibeam Avenues; 1 of its 2 listed competitors has raised funding.
Company details
IFTAS operates with a B2B model, focusing on finance, fintech, banking software, and industry solutions. Provides software solutions tailored for the banking industry. It emphasizes efficiency, client-focused solutions, and growth, fostering partnerships and innovation in its operations. It continues to evolve, meeting industry challenges with strategic approaches.
- Headquarters Mumbai, India
- Employees 239
- SectorsFinancial Services
- Website iftas.in
- Legal Name Indian Financial Technology And Allied Services
- Date of Incorporation 02 Feb, 2015
- Jurisdiction Hyderabad, Telangana, India
- Annual Revenue₹455 Cr
FY 2024 · +147% YoY
- Net Profit₹11.89 Cr
FY 2024 · 3% margin
- EBITDA₹31.42 Cr
FY 2024 · 7% margin
- Employee Count239
Associated legal entities of IFTAS
IFTAS is associated with 2 registered companies on The Company Check; the primary company is Indian Financial Technology And Allied Services. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Indian Financial Technology And Allied Services CIN U74900TG2015NPL097485 | Active | 02 Feb 2015 | Hyderabad, Telangana | ₹455 Cr | 239 | 7 | View details |
| Reserve Bank Information Technology Private Limited CIN U72900MH2016PTC283203 | Active | 04 Jul 2016 | Navi Mumbai, Maharashtra | ₹213 Cr | 623 | 9 | View details |
Board of directors of Indian Financial Technology And Allied Services (IFTAS)
Indian Financial Technology And Allied Services is the primary company behind IFTAS. The boards of the 2 registered companies of IFTAS currently have 13 directors; the longest-serving is Sivakumar Gopalan, appointed in 2019. 47 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sivakumar Gopalan DIN 07537575 | Director | 18 Jul 2019 | 7 yrs 3 mo | Indian Financial Technology And Allied Services |
| Krishnamurthy Hanumantha Rao DIN 05329716 | Director | 18 Jul 2019 | 7 yrs 3 mo | Indian Financial Technology And Allied Services |
| Sachin Chaturvedi DIN 07960871 | Nominee Director | 11 Sep 2019 | 7 yrs 1 mo | Reserve Bank Information Technology Private Limited |
| Kishore Kumar Sansi DIN 07183950 | Nominee Director | 28 Dec 2020 | 5 yrs 10 mo | Reserve Bank Information Technology Private Limited |
| Vivek Deep DIN 07053296 | Director | 26 May 2021 | 5 yrs 5 mo | Indian Financial Technology And Allied Services |
| Sandeep Kumar Shukla DIN 08722832 | Nominee Director | 13 Sep 2021 | 5 yrs 1 mo | Reserve Bank Information Technology Private Limited |
| Shailendra Trivedi DIN 09520162 | Director | 11 Mar 2022 | 4 yrs 7 mo | Indian Financial Technology And Allied Services |
| Seshabhadrasrinivasa Mallikarjunarao Chamarty DIN 07667641 | Director | 20 Jul 2022 | 4 yrs 3 mo | Indian Financial Technology And Allied Services |
| Santhosh George DIN 07831505 | CEO | 21 Apr 2023 | 3 yrs 6 mo | Reserve Bank Information Technology Private Limited |
| Santosh Vilas Mohile DIN 10214793 | CEO | 10 Jul 2023 | 3 yrs 3 mo | Indian Financial Technology And Allied Services |
| Veezhinathan Kamakoti DIN 03537382 | Nominee Director | 30 Oct 2023 | 3 yrs | Reserve Bank Information Technology Private Limited |
| Parameswaran Vasudevan DIN 10419961 | Nominee Director | 26 Jul 2025 | 1 yr 3 mo | Reserve Bank Information Technology Private Limited |
| Natrajan Suganandh DIN 11230583 | Nominee Director | 09 Aug 2025 | 1 yr 2 mo | Reserve Bank Information Technology Private Limited |
Financials of IFTAS
Figures of Indian Financial Technology And Allied Services, the primary company behind IFTAS, for FY 2024. Revenue was ₹455 Cr (+147% year on year). Net profit was ₹11.89 Cr (3% margin). EBITDA was ₹31.42 Cr (7% margin). Revenue has grown at a compounded annual rate of +63% over three years.
- ₹455 CrRevenue · FY 2024 · +147% YoY
- ₹11.89 CrNet profit · 3% margin
- ₹31.42 CrEBITDA · 7% margin
- ₹1 LakhPaid-up capital
- 239Employees (provident fund records)
- +63%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Indian Financial Technology And Allied Services are on its company page.
Detailed financial statements for IFTAS
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Competitors of IFTAS
IFTAS has 2 listed competitors in our database, 1 of them funded. They include Comviva and Infibeam Avenues.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| comviva.com | 1999 | Gurugram, India | $13.5M | 2,283 | Software platforms for telecommunications, digital payments, and experiences are provided. | |
| ia.ooo | 2007 | Gandhinagar, India | 642 | Digital payment solutions and enterprise software platforms are provided. |
Detailed competitors of IFTAS
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Web traffic of IFTAS
The website of IFTAS (iftas.in) receives about 10.3K visits a month.
- Monthly visits10.3K
▼ 39.9% vs previous month
Websites whose visitors overlap most with IFTAS. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
idrbtca.org.in | idrbtca.org.in | 100% | #5,393,550 | – |
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Related news about Iftas
Complete news archive for IFTAS
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Frequently Asked Questions about IFTAS
IFTAS was founded in 2015.
IFTAS is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
IFTAS has 239 employees.
The primary company behind IFTAS, Indian Financial Technology And Allied Services, reported revenue of ₹455 Cr for FY 2024, up 147% year on year.
IFTAS operates with a B2B model, focusing on finance, fintech, banking software, and industry solutions. Provides software solutions tailored for the banking industry. It emphasizes efficiency, client-focused solutions, and growth, fostering partnerships and innovation in its operations. It continues to evolve, meeting industry challenges with strategic approaches.
IFTAS's top competitors include Comviva and Infibeam Avenues.
IFTAS is associated with 2 legal entities: Indian Financial Technology And Allied Services, Reserve Bank Information Technology Private Limited.
The legal entities of IFTAS currently have 14 directors, including Parameswaran Vasudevan, Veezhinathan Kamakoti, Sandeep Kumar Shukla and others.