About i-XL Technologies
i-XL Technologies is a Technology company based in Mumbai (India) founded in 2008 by Chirag Jain. It delivers software for managing the full loan life cycle for lenders and financial institutions. It operates on a B2B model. i-XL Technologies has raised $298.73 thousand across 1 funding round from investors including Rushil Praveen Khimavat, Veena Khimavat and Gaurav Saboo. The company has 55 employees. Its Indian entity I-Xl Technologies Private Limited reported revenue of ₹10.01 Cr. Its focus areas include Finance, Fintech, Loan Management and Software Solutions.
Company details
i-XL Technologies, led by Chirag Jain as Co-Founder, specializes in finance, fintech, loan management, and providing software for education. Delivers software for managing the full loan life cycle for lenders and financial institutions. The team drives innovation, quality service, and sustainable practices to achieve excellence and client satisfaction.
- Headquarters Mumbai, India
- Employees 55
- Founders Chirag Jain
- SectorsTechnology
- Email••••••••
- Phone•••• ••••
- Website i-xltech.com
- Social LinkedIn Facebook Instagram YouTube
- Legal Name I-Xl Technologies Private Limited
- Date of Incorporation 19 Mar, 1998
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹10.01 Cr
FY 2025 · +36% YoY
- Net Profit₹69.3 Lakh
FY 2025 · 7% margin
- EBITDA₹1.65 Cr
FY 2025 · 17% margin
- Total Equity Funding$298.73K (USD)
in 1 rounds
- Latest Funding Round$298.73K (USD), Angel Round
Jul 2024
- Employee Count55
Associated legal entities of i-XL Technologies
i-XL Technologies operates through I-Xl Technologies 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 |
|---|---|---|---|---|---|---|---|
| I-Xl Technologies Private Limited CIN U72900MH1998PTC114053 | Active | 19 Mar 1998 | Mumbai, Maharashtra | ₹10.0 Cr | 55 | 2 | View details |
Apps and channels of i-XL Technologies
its YouTube channel Credility has 46 subscribers.
Funding Insights of i-XL Technologies
i-XL Technologies has successfully raised a total of $298.73K through 1 strategic funding round. The most recent funding activity was a Angel Round of $298.73 thousand completed in July 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $298,725
- Total Rounds 1
- Last Round Angel Round — $298,725
- First Round $298,725
(Jul 2024)
- Investors Count 8
All 1 funding rounds of i-XL Technologies 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 |
|---|---|---|---|---|---|
| Jul 2024 | $298,725 | Angel Round | – | Rushil Praveen Khimavat |
8 investors in total: 0 institutional and 8 angel.
Investors in i-XL Technologies
i-XL Technologies has secured backing from 8 investors, including angel investors. Prominent investors backing the company include Rushil Praveen Khimavat, Veena Khimavat and Gaurav Saboo.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
RP Rushil Praveen Khimavat | unknown_d47563e2309143ab8 | |||
VK Veena Khimavat | unknown_1864bad26bb1415d8 | |||
GS Gaurav Saboo | unknown_0178b7e3cfd5469b8 | |||
PM Pankaj Mahendra Purohit | unknown_b027ce7433b2497d9 | |||
AS Archit Singh | unknown_732f2946417f464ca | |||
RC Ramesh Chandu Koti | unknown_fd953c725c3e40c09 | |||
KR Kavita Ramesh Koti | unknown_81aa8a02838b46ccb | |||
RM Rohit Mehta | unknown_0188c8f38dbe4617a |
Investor details for i-XL Technologies
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of I-Xl Technologies Private Limited (i-XL Technologies)
I-Xl Technologies Private Limited is the primary company behind i-XL Technologies. The board of I-Xl Technologies Private Limited currently have 2 directors; the longest-serving is Chirag Praful Jain, appointed in 2014. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Chirag Praful Jain DIN 06986131 | Director | 01 Oct 2014 | 12 yrs 1 mo | I-Xl Technologies Private Limited |
| Payal Chirag Jain DIN 06981333 | Director | 01 Oct 2014 | 12 yrs 1 mo | I-Xl Technologies Private Limited |
People of i-XL Technologies
12 people are tracked at i-XL Technologies (1 in leadership, 11 in team); the tracked headcount is 55.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
Mandar Sarmalkar | Project Manager | Team |
Sayali Vengurlekar | Summer Intern | Team |
Akshay Mistry | Executive Web Developer | Team |
Harshita Jain | Business Development Associate | Team |
Roshan Kasurde | Senior Solution Engineer Backend | Team |
Kaustubh Chaudhary | Team Lead | Team |
Ujwal Jain | Senior Executive Web Developer | Team |
Abhishek Kumar | Business Development Manager | Team |
Suresh Naidu | Website Designer & Developer | Team |
Walid Shaikh | Sales And Marketing Associate | Team |
Aniket Dange | Jr.android Developer | Team |
Complete people profiles for i-XL Technologies
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of i-XL Technologies
Figures of I-Xl Technologies Private Limited, the primary company behind i-XL Technologies, for FY 2025. Revenue was ₹10.01 Cr (+36% year on year). Net profit was ₹69.3 Lakh (7% margin). EBITDA was ₹1.65 Cr (17% margin). Revenue has grown at a compounded annual rate of +109% over three years and +407% over five years.
- ₹10.01 CrRevenue · FY 2025 · +36% YoY
- ₹69.3 LakhNet profit · 7% margin
- ₹1.65 CrEBITDA · 17% margin
- ₹1.1 LakhPaid-up capital
- 55Employees (provident fund records)
- +109%Revenue CAGR, 3 years
- +407%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of I-Xl Technologies Private Limited are on its company page.
Detailed financial statements for i-XL Technologies
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of i-XL Technologies
2 dated milestones of i-XL Technologies across 16 years, from founding to its latest funding, stage changes and deals.
- Founded i-XL Technologies is founded.
- Funding First funding round of $299K.
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Frequently Asked Questions about i-XL Technologies
i-XL Technologies was founded in 2008 and raised its 1st funding round 16 years after it was founded.
i-XL Technologies is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
i-XL Technologies is a funded company, having raised a total of $298.73K across 1 funding round to date. The company's 1st funding round was a Angel Round of $298.73K, raised on Jul 2024.
i-XL Technologies has 55 employees.
The primary company behind i-XL Technologies, I-Xl Technologies Private Limited, reported revenue of ₹10.01 Cr for FY 2025, up 36% year on year.
i-XL Technologies, led by Chirag Jain as Co-Founder, specializes in finance, fintech, loan management, and providing software for education. Delivers software for managing the full loan life cycle for lenders and financial institutions. The team drives innovation, quality service, and sustainable practices to achieve excellence and client satisfaction.
i-XL Technologies has 8 investors. Key investors include Rushil Praveen Khimavat, Veena Khimavat, Gaurav Saboo, Pankaj Mahendra Purohit, and Archit Singh.
i-XL Technologies operates through I-Xl Technologies Private Limited.
The legal entities of i-XL Technologies currently have 2 directors, including Chirag Praful Jain, Payal Chirag Jain.