About Mavrik
Mavrik was a Financial Services company based in Hyderabad (India) by Adi Kancherla. It operates as a functions as a digital bank providing services for consumers. It operates on a B2C model. Its Indian entity Mavrik Software Solutions Private Limited reported revenue of ₹34.3 Lakh. The company is recorded as dissolved. Its focus areas include Finance, Banking, Digital Banking and Consumer Services. Similar companies include Revolut, TONIK, Allica Bank, Paytm Payments Bank and Airtel Payments Bank and 1 more; 4 of its 6 listed similar companies have raised funding.
Company details
Mavrik, based in Hyderabad, focuses on finance, banking, digital banking, and consumer services. Functions as a digital bank providing services for consumers. The company prioritizes operational excellence, innovation, and customer-centric approaches for success. It continues to evolve, meeting industry challenges with strategic approaches.
- Headquarters Hyderabad, India
- Founders Adi Kancherla
- SectorsFinancial Services
- Website mavrik.co
- Legal Name Mavrik Software Solutions Private Limited
- Date of Incorporation 31 Jan, 2020
- Jurisdiction Hyderabad, Telangana, India
- Annual Revenue₹34.3 Lakh
FY 2021
- Net Profit₹3.2 Lakh
FY 2021 · 9% margin
- EBITDA₹4.2 Lakh
FY 2021 · 12% margin
Associated legal entities of Mavrik
Mavrik operates through Mavrik Software Solutions Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2021) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Mavrik Software Solutions Private Limited CIN U72900TG2020FTC138884 | Active | 31 Jan 2020 | Hyderabad, Telangana | ₹0.3 Cr | – | 2 | View details |
Board of directors of Mavrik Software Solutions Private Limited (Mavrik)
Mavrik Software Solutions Private Limited is the primary company behind Mavrik. The board of Mavrik Software Solutions Private Limited currently have 2 directors; the longest-serving is Siva Aditya Kancherla, appointed in 2020.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Siva Aditya Kancherla DIN 08685768 | Director | 31 Jan 2020 | 6 yrs 8 mo | Mavrik Software Solutions Private Limited |
| Sai Teja Kancharla DIN 08685769 | Director | 31 Jan 2020 | 6 yrs 8 mo | Mavrik Software Solutions Private Limited |
People of Mavrik
1 people are tracked at Mavrik (1 in leadership).
| Name | Role | Group |
|---|---|---|
Adi Kancherla | Founder | Leadership |
Complete people profiles for Mavrik
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Financials of Mavrik
Figures of Mavrik Software Solutions Private Limited, the primary company behind Mavrik, for FY 2021. Revenue was ₹34.3 Lakh. Net profit was ₹3.2 Lakh (9% margin). EBITDA was ₹4.2 Lakh (12% margin).
- ₹34.3 LakhRevenue · FY 2021
- ₹3.2 LakhNet profit · 9% margin
- ₹4.2 LakhEBITDA · 12% margin
- ₹1 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Mavrik Software Solutions Private Limited are on its company page.
Detailed financial statements for Mavrik
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Downloads
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Similar companies to Mavrik
Mavrik has 6 listed similar companies in our database, 4 of them funded. They include Revolut, TONIK, Allica Bank, Paytm Payments Bank and Airtel Payments Bank, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| revolut.com | 2015 | London, United Kingdom | $1.73B | 1,614 | Banking solutions are provided for retail customers and businesses. | |
| tonikbank.com | 2018 | Singapore | $175M | – | Digital banking solutions for individuals are provided by TONIK. | |
| allica.bank | 2017 | London, United Kingdom | $502.79M | 180 | Internet-first banking services are offered to individuals and businesses. | |
| paytmbank.com | 2017 | Noida, India | $9.3M | 740 | Digital banking solutions are offered for individuals and businesses. | |
| airtel.in/bank | 2017 | Gurugram, India | – | – | Payments Bank | |
| theunitybank.com | 2021 | Delhi, India | – | 4,916 | Provides savings accounts, loans, and digital banking for personal and business financial needs. |
Detailed similar companies of Mavrik
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- Full competitor set
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Top companies in Banking & FinTech Platforms
10 companies that operate in the same segment as Mavrik (Banking & FinTech Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online business banking and financial workflow tools are provided. | 2010 | San Francisco, California, United States | USD 546 M | USD 2.71 M | 1,807 | |
Tide is recognized as a digital banking platform for businesses. | 2015 | London, England, United Kingdom | USD 180.56 M | – | 3,462 | |
Digital banking services are offered to individuals via mobile apps. | 2012 | San Francisco, California, United States | USD 3.15 B | USD 1.96 B | 2,516 | |
Banking solutions are provided for retail customers and businesses. | 2015 | London, England, United Kingdom | USD 1.73 B | USD 5.95 B | 20,299 | |
Internet first bank for individuals and businesses | 2015 | London, England, United Kingdom | USD 2.37 B | USD 2.31 M | 3,786 | |
Digital sustainable banking services are offered to consumers. | 2013 | Los Angeles, California, United States | USD 865 M | – | 237 | |
Digital banking services are offered to consumers and businesses. | 2014 | London, England, United Kingdom | USD 1.01 B | USD 813.42 M | 2,835 | |
Payment and banking solutions are provided to users and banks. | 2015 | San Ramon, California, United States | USD 390 M | USD 532.2 K | 2,149 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.2 B | – | 5,356 | |
Digital banking services are provided for individuals and businesses. | 2014 | Blyth, England, United Kingdom | USD 852.48 M | – | 556 |
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Frequently Asked Questions about Mavrik
Mavrik is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
The primary company behind Mavrik, Mavrik Software Solutions Private Limited, reported revenue of ₹34.3 Lakh for FY 2021.
Mavrik, based in Hyderabad, focuses on finance, banking, digital banking, and consumer services. Functions as a digital bank providing services for consumers. The company prioritizes operational excellence, innovation, and customer-centric approaches for success. It continues to evolve, meeting industry challenges with strategic approaches.
Mavrik's top competitors include Revolut, Allica Bank and Paytm Payments Bank.
Mavrik operates through Mavrik Software Solutions Private Limited.
The legal entities of Mavrik currently have 2 directors, including Siva Aditya Kancherla, Sai Teja Kancharla.