About Modefin
Modefin is a Financial Services company based in Bengaluru (India) founded in 2011 by Amit Darda. Banking software solutions are provided by Modefin to financial sectors. The company has 137 employees. Its chief executive, as recorded, is Amarnath Chowdary. Its Indian entity Mode Finserver Private Limited reported revenue of ₹39.49 Cr. Modefin offers products and services including Omnichannel Banking, Mobile Banking, Internet Banking, Agent Banking, and Mobile Wallet. Its focus areas include FinTech, Banking Tech and Banking Software Suite. Its competitors include Comviva, Infibeam Avenues and Aurionpro; 1 of its 3 listed competitors has raised funding.
Company details
Modefin was established in 2011 in Bengaluru, India, as a provider of banking software. Core offerings include banking channels, mobile wallets, correspondent banking, loan management systems, and payment solutions. These products are utilized by banks, insurers, and telecom entities. Operations focus on digital financial tools tailored for institutional needs across various sectors.
- Headquarters Bengaluru, India
- Employees 137
- Founders Amit Darda
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website modefin.com
- Social LinkedIn X Facebook Instagram YouTube
- Legal Name Mode Finserver Private Limited
- Date of Incorporation 31 Mar, 2011
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹39.49 Cr
FY 2024 · +41% YoY
- Net Profit₹5.90 Cr
FY 2024
- EBITDA₹13.78 Cr
FY 2024 · 35% margin
- Employee Count137
Associated legal entities of Modefin
Modefin operates through Mode Finserver 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 |
|---|---|---|---|---|---|---|---|
| Mode Finserver Private Limited CIN U65100KA2011PTC057936 | Active | 31 Mar 2011 | Bengaluru, Karnataka | ₹39.5 Cr | 137 | 4 | View details |
Products & Services of Modefin
Modefin offers a comprehensive portfolio of products and services, including Omnichannel Banking, Mobile Banking, Internet Banking, Agent Banking, and Mobile Wallet.
Integrated system for multi-channel banking experiences
Secure app for banking transactions and services
Web-based system for personalized banking access
Solution for low-cost banking through agents
Flexible app for digital transactions and payments
Apps and channels of Modefin
its YouTube channel Modefin has 100 subscribers and 30 videos.
Videos from Modefin
The most watched videos on Modefin's YouTube channel, Modefin (100 subscribers). Click a video to play it here.
More on Modefin.
Board of directors of Mode Finserver Private Limited (Modefin)
Mode Finserver Private Limited is the primary company behind Modefin. The board of Mode Finserver Private Limited currently have 4 directors; the longest-serving is Harinath Chowdary Panguluru, appointed in 2011. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Harinath Chowdary Panguluru DIN 03382317 | Director | 31 Mar 2011 | 15 yrs 7 mo | Mode Finserver Private Limited |
| Deepthi Gundala DIN 05141527 | Director | 13 Dec 2013 | 12 yrs 10 mo | Mode Finserver Private Limited |
| Amarnath Panguluru Chowdary DIN 05178392 | Managing Director | 25 Feb 2015 | 11 yrs 8 mo | Mode Finserver Private Limited |
| Amit Bhagchand Darda DIN 07315427 | Director | 18 Jan 2016 | 10 yrs 9 mo | Mode Finserver Private Limited |
People of Modefin
5 people are tracked at Modefin (4 in leadership, 1 in team); the tracked headcount is 137.
| Name | Role | Group |
|---|---|---|
| Co-CEO & Managing Director | Leadership | |
| Co-Founder & Co-CEO | Leadership | |
Jaswanth Singh | Chief Operating Officer | Leadership |
Pradeep Kumar N | Chief Product Officer | Leadership |
Gopalakrishna L. | Manager - Business Development (africa) | Team |
Complete people profiles for Modefin
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Financials of Modefin
Figures of Mode Finserver Private Limited, the primary company behind Modefin, for FY 2024. Revenue was ₹39.49 Cr (+41% year on year). Net profit was ₹5.90 Cr. EBITDA was ₹13.78 Cr (35% margin). Revenue has grown at a compounded annual rate of -6% over three years and +11% over five years.
- ₹39.49 CrRevenue · FY 2024 · +41% YoY
- ₹5.90 CrNet profit
- ₹13.78 CrEBITDA · 35% margin
- 137Employees (provident fund records)
- -6%Revenue CAGR, 3 years
- +11%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Mode Finserver Private Limited are on its company page.
Detailed financial statements for Modefin
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Competitors of Modefin
Modefin has 3 listed competitors in our database, 1 of them funded. They include Comviva, Infibeam Avenues and Aurionpro.
| 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. | ||
| aurionpro.com | 1997 | Mumbai, India | 2 | Loan and cash management solutions are provided for banks. |
Detailed competitors of Modefin
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Web traffic of Modefin
The website of Modefin (modefin.com) receives about 4.4K visits a month.
- Monthly visits4.4K
▼ 6.9% vs previous month
Websites whose visitors overlap most with Modefin. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| blseservices.com | 100% | 6.6K | #3,230,797 | View details | |
| brickendon.com | 83% | #9,895,670 | View details | ||
| grameenfoundation.org | 78% | #1,138,095 | View details | ||
| africastalking.com | 74% | 98.3K | #273,674 | View details |
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Related news about Modefin
Complete news archive for Modefin
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Frequently Asked Questions about Modefin
Modefin was founded in 2011.
Modefin is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Amarnath Chowdary is the CEO of Modefin, as recorded in our data.
Modefin has 137 employees.
The primary company behind Modefin, Mode Finserver Private Limited, reported revenue of ₹39.49 Cr for FY 2024, up 41% year on year.
Modefin was established in 2011 in Bengaluru, India, as a provider of banking software. Core offerings include banking channels, mobile wallets, correspondent banking, loan management systems, and payment solutions. These products are utilized by banks, insurers, and telecom entities. Operations focus on digital financial tools tailored for institutional needs across various sectors.
Modefin's top competitors include Comviva, Infibeam Avenues and Aurionpro.
Modefin offers Omnichannel Banking, Mobile Banking, Internet Banking, Agent Banking, and Mobile Wallet.
Modefin operates through Mode Finserver Private Limited.
The legal entities of Modefin currently have 4 directors, including Deepthi Gundala, Amarnath Panguluru Chowdary, Amit Bhagchand Darda and others.