About Jofin
Jofin is a Technology company based in Bengaluru (India) founded in 2022 by Narendra K S and Sunder Perumal, and was acquired by AscentHR in September 2022. App-based wealth management services platform. The company has 1 employees. Its chief executive, as recorded, is Narendra K S. Jofin offers products and services including Investments Platform, Insurance Services, eTax Filing, Document Locker, and Split Salary. Its focus areas include FinTech, Investment Tech, Wealth Management Platforms and Financial Planners and Advisors. Its legal entity in India is Jofin Technologies Private Limited (U72900KA2022PTC158830). Its competitors include Scripbox, Dezerv and Wealthy; 3 of its 3 listed competitors have raised funding.
Company details
Jofin was established in 2022 in Bengaluru, India, as a fintech company focused on wealth management. Financial planning, mutual fund investments, insurance options, and e-tax filing are facilitated through its app, which operates on both Android and iOS devices. The platform supports users in managing personal finances digitally, with core operations centered in the Indian market. (62 words)
- Headquarters Bengaluru, India
- Employees 1
- Founders Narendra K S, Sunder Perumal
- Stage Acquired
- SectorsTechnology
- Email••••••••
- Phone•••• ••••
- Website jofin.ai
- Social LinkedIn
- Acquired by AscentHR (Sep 2022)
- Legal Name Jofin Technologies Private Limited
- Date of Incorporation 11 Mar, 2022
- Jurisdiction Bangalore, Karnataka, India
Associated legal entities of Jofin
Jofin operates through Jofin Technologies Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Jofin Technologies Private Limited CIN U72900KA2022PTC158830 | Active | 11 Mar 2022 | Bangalore, Karnataka | ₹0.0 Cr | 2 | View details |
Products & Services of Jofin
Jofin offers a comprehensive portfolio of products and services, including Investments Platform, Insurance Services, eTax Filing, Document Locker, and Split Salary.
Platform for mutual fund investments and portfolio recommendations.
Service to get affordable insurance quotes and coverage options.
Tool for efficient and hassle-free tax return filing.
Secure storage for essential financial documents online.
Service for personal loans and salary splitting options.
Investors in Jofin
Jofin has secured backing from 1 investor. Prominent investors backing the company include AscentHR.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Comprehensive HR technologies and outsourced payroll services are provided. | 2002 | ascent-hr.com | Bengaluru, India |
Investor details for Jofin
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Board of directors of Jofin Technologies Private Limited (Jofin)
Jofin Technologies Private Limited is the primary company behind Jofin. The board of Jofin Technologies Private Limited currently have 2 directors; the longest-serving is Geeta Lachireddy, appointed in 2022. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Geeta Lachireddy DIN 01611112 | Director | 11 Mar 2022 | 4 yrs 7 mo | Jofin Technologies Private Limited |
| Surendra Arava DIN 07999928 | Director | 11 Mar 2022 | 4 yrs 7 mo | Jofin Technologies Private Limited |
People of Jofin
2 people are tracked at Jofin (2 in leadership); the tracked headcount is 1.
| Name | Role | Group |
|---|---|---|
Narendra K S | Co-Founder & CEO | Leadership |
Sunder Perumal | Co-Founder | Leadership |
Complete people profiles for Jofin
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Financials of Jofin
Figures of Jofin Technologies Private Limited, the primary company behind Jofin, for FY 2024. Revenue was ₹9,454 (+1363% year on year). Net loss was -₹2.3 Lakh (-2431% margin). EBITDA was -₹1.5 Lakh (-1630% margin).
- ₹9,454Revenue · FY 2024 · +1363% YoY
- -₹2.3 LakhNet loss · -2431% margin
- -₹1.5 LakhEBITDA · -1630% margin
Balance sheet, profit and loss, cash flow and ratios of Jofin Technologies Private Limited are on its company page.
Detailed financial statements for Jofin
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Timeline of Jofin
2 dated milestones of Jofin, from founding to its latest funding, stage changes and deals.
- Founded Jofin is founded.
- Exit Acquired by AscentHR.
Competitors of Jofin
Jofin has 3 listed competitors in our database, 3 of them funded. They include Scripbox, Dezerv and Wealthy.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| scripbox.com | 2012 | Bengaluru, India | $83.98M | 398 | Platform offering mutual fund investments, financial planning, and wealth growth services | |
| dezerv.in | 2021 | Mumbai, India | $100M | 513 | Investment solutions and portfolio management are provided for affluent individuals. | |
| wealthy.in | 2015 | Bengaluru, India | $22.29M | 231 | Digital wealth management platform is offered for personalized investments. |
Detailed competitors of Jofin
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Web traffic of Jofin
The website of Jofin (jofin.ai) receives about 1.5K visits a month.
- Monthly visits1.5K
▲ 9.6% vs previous month
Top companies in Investment & Financial Technology
2 companies that operate in the same segment as Jofin (Investment & Financial Technology) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
App-based brokerage stock trading platform | 1996 | Mumbai, Maharashtra, India | USD 38.41 M | USD 548.9 M | 3,830 | |
Smart investment portfolios are offered via an online platform. | 2015 | Bengaluru, Karnataka, India | USD 121.05 M | USD 635.51 K | 231 |
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Related news about Jofin
Complete news archive for Jofin
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Frequently Asked Questions about Jofin
Jofin was founded in 2022.
Jofin is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Narendra K S is the CEO of Jofin, as recorded in our data. They have also founded this company.
Jofin has 1 employees.
The primary company behind Jofin, Jofin Technologies Private Limited, reported revenue of ₹9,454 for FY 2024, up 1363% year on year.
Jofin was established in 2022 in Bengaluru, India, as a fintech company focused on wealth management. Financial planning, mutual fund investments, insurance options, and e-tax filing are facilitated through its app, which operates on both Android and iOS devices. The platform supports users in managing personal finances digitally, with core operations centered in the Indian market. (62 words).
Jofin offers Investments Platform, Insurance Services, eTax Filing, Document Locker, and Split Salary.
Jofin has 1 investor. Key investors include AscentHR.
Jofin operates through Jofin Technologies Private Limited.
Yes. Jofin was acquired by AscentHR in September 2022.
The legal entities of Jofin currently have 2 directors, including Geeta Lachireddy, Surendra Arava.