About MProfit
MProfit is a company based in Mumbai (India) founded in 2007 by Atik Shah, Pallav Kumud Bhatt, Kiran Shah, and Manish Jain. MProfit has raised $2 million across 1 funding round from investors including Enam Holdings, Gruhas and Samarthya Investment Advisors. The company has 49 employees. MProfit offers products and services including MProfit Software and MProfit Mobile App. MProfit operates in a competitive market with competitors including Altruist, GeoWealth, Nucleus Financial, xalts and SnapTrade, among others.
- Headquarter Mumbai, India
- Employees 49
- Founders Atik Shah, Pallav Kumud Bhatt, Kiran Shah, Manish Jain
- Stage Minicorn
- SectorsTechnology
- Website category Finance · Investing
- Email••••••••
- Phone•••• ••••
- Website mprofit.in
- Social LinkedIn X Facebook
- Legal Name Mprofit Software Private Limited
- Date of Incorporation 03 Jan, 2007
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹16.14 Cr
FY 2025 · +168% YoY
- Net Profit₹3.51 Cr
FY 2025 · 22% margin
- EBITDA₹3.87 Cr
FY 2025 · 24% margin
- Total Equity Funding$2M (USD)
in 1 rounds
- Latest Funding Round$2M (USD), Seed
Nov 2022
- InvestorsEnam Holdings
& 10 more
- Employee Count49
Associated legal entities of MProfit
MProfit operates through Mprofit Software 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 |
|---|---|---|---|---|---|---|---|
| Mprofit Software Private Limited CIN U72200MH2007PTC166671 | Active | 03 Jan 2007 | Mumbai, Maharashtra | ₹16.1 Cr | 49 | 4 | View details |
Products & Services of MProfit
MProfit offers a comprehensive portfolio of products and services, including MProfit Software and MProfit Mobile App.
Platform for automating investment tracking and generating financial reports.
Mobile application for on-the-go portfolio monitoring and data import.
Apps and channels of MProfit
MProfit publishes 2 mobile apps with over 50K+ downloads.
Funding Insights of MProfit
MProfit has successfully raised a total of $2M through 1 strategic funding round. The most recent funding activity was a Seed round of $2 million completed in November 2022. 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 $2M
- Total Rounds 1
- Last Round Seed — $2M
- First Round $2M
(Nov 2022)
- Investors Count 11
All 1 funding rounds of MProfit 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 |
|---|---|---|---|---|---|
| Nov 2022 | $2M | Seed | $7.02M | Enam Holdings, Gruhas |
| Date | Valuation | Stage |
|---|---|---|
| Nov 2022 | $7.02M | •••••••• |
Last known valuation $7.02M (Nov 2022). 11 investors in total: 7 institutional and 4 angel.
Investors in MProfit
MProfit has secured backing from 11 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Enam Holdings, Gruhas and Samarthya Investment Advisors.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investment in Indian capital markets and initiatives in asset management and renewable energy. | 1984 | enam.com | Mumbai, India | |
Venture capital firm investing in technology-driven innovations and partnerships in India. | 2021 | gruhas.com | Bengaluru, India | |
Investment funding and strategic guidance are provided by Auxano. | – | auxano.in | Gurugram, India | |
Private equity and boutique advisory firm | 2017 | samarthya.co.in | Mumbai, India | |
Indian fund focused on fintech, health, and climate initiatives. | – | rainmatter.com | Bengaluru, India | |
Early-stage investments in multiple industries are targeted by the firm. | – | volradoventurepartners.tcc.mode | Mumbai, India | |
Equity investments, broking services, and trading platforms are offered. | – | zerodha.com | Bengaluru, India | |
JK Jatin Karani | Angel investor and entrepreneur, focused on tech startups in India. | – | unknown_f09085e39fe043299 | - |
KG Karan Goshar | Angel investor and entrepreneur, co-founder of Karbon Card, focused on fintech. | – | unknown_ac51e2e527cc47bd9 | - |
KG Karan Goshar | - | – | unknown_1eafa2ac80754c878 | - |
Investor details for MProfit
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 Mprofit Software Private Limited (MProfit)
Mprofit Software Private Limited is the primary company behind MProfit. The board of Mprofit Software Private Limited currently have 4 directors; the longest-serving is Kiran Rasiklal Shah, appointed in 2007.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Kiran Rasiklal Shah DIN 00223597 | Director | 03 Jan 2007 | 19 yrs 9 mo | Mprofit Software Private Limited |
| Pallav Kumud Bhatt DIN 00413642 | Director | 03 Jan 2007 | 19 yrs 9 mo | Mprofit Software Private Limited |
| Atik Kiran Shah DIN 09563344 | Director | 16 Mar 2022 | 4 yrs 6 mo | Mprofit Software Private Limited |
| Ashin Kiran Shah DIN 09563296 | Director | 16 Mar 2022 | 4 yrs 6 mo | Mprofit Software Private Limited |
People of MProfit
8 people are tracked at MProfit (6 in leadership, 2 in team); the tracked headcount is 49.
| Name | Role | Group |
|---|---|---|
| Co-Founder & CBO | Leadership | |
| Co-Founder & CTO | Leadership | |
| Co-Founder & CEO | Leadership | |
Manish Jain | Co-Founder | Leadership |
Rishabh Singh | Program Manager - Founder's Office | Leadership |
| Co-founder & Chief Product Officer | Leadership | |
Tanishq Shinde | Human Resources Executive | Team |
Anshul Porwal | Senior Frontend Lead | Team |
Complete people profiles for MProfit
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 MProfit
Figures of Mprofit Software Private Limited, the primary company behind MProfit, for FY 2025. Revenue was ₹16.14 Cr (+168% year on year). Net profit was ₹3.51 Cr (22% margin). EBITDA was ₹3.87 Cr (24% margin). Revenue has grown at a compounded annual rate of +79% over three years and +69% over five years.
- ₹16.14 CrRevenue · FY 2025 · +168% YoY
- ₹3.51 CrNet profit · 22% margin
- ₹3.87 CrEBITDA · 24% margin
- ₹6.7 LakhPaid-up capital
- 49Employees (provident fund records)
- +79%Revenue CAGR, 3 years
- +69%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Mprofit Software Private Limited are on its company page.
Detailed financial statements for MProfit
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 MProfit
3 dated milestones of MProfit across 15 years, from founding to its latest funding, stage changes and deals.
- Founded MProfit is founded.
- Funding First funding round of $2.0M.
- Milestone Reaches Minicorn status.
Competitors of MProfit
MProfit operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Altruist, GeoWealth, Nucleus Financial, xalts and SnapTrade, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| altruist.com | 2018 | Los Angeles, United States | $601.5M | 169 | Portfolio management software for financial advisors | |
| geowealth.com | 2010 | Chicago, United States | $75M | – | Integrated wealth management solutions are offered for advisors and institutions. | |
| nucleusfinancial.com | 2006 | Edinburgh, United Kingdom | – | 761 | Portfolio management solutions are offered to financial advisors. | |
| xalts.io | 2022 | Hong Kong, China | $6M | – | Wealth management solutions are delivered via an online platform. | |
| snaptrade.com | 2014 | Fredericton, Canada | $7M | – | Provider of API enabling brokerage account connectivity for data and trading | |
| fintso.com | 2019 | Mumbai, India | $5.77M | 37 | Digital wealth tools are provided to empower financial advisors. | |
| netwealth.com.au | 1999 | Melbourne, Australia | – | – | Portfolio management tools are offered to financial advisors. | |
| qplix.com | 2012 | Munich, Germany | $26.35M | 51 | Wealth management software for asset managers | |
| smartxadvisory.com | 2010 | West Palm Beach, United States | $39.74M | – | Performance monitoring and account valuation solution | |
| caisgroup.com | 2009 | New York, United States | $734M | – | Financial planning and advisory solutions are offered to wealth managers. |
Detailed competitors of MProfit
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of MProfit
The website of MProfit (mprofit.in) receives about 130.7K visits a month and ranks #209,565 among all websites worldwide, #2,232 in Investing.
- Monthly visits130.7K
▼ 3% vs previous month
- Unique visitors26.7K
per month
- Global rank#209,565
among all websites
- Category rank#2,232
Finance · Investing
- Bounce rate23%
- Pages per visit7.9
- Average visit7 min 58 sec
- DevicesDesktop 66% · Mobile 34%
Websites whose visitors overlap most with MProfit. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| bseindia.com | 100% | 10.6M | – | View details | |
| valueresearchonline.com | 98% | 4.3M | #12,646 | View details | |
| investplus.in | 96% | 6.4K | #2,868,637 | View details | |
| groww.in | 88% | 60M | #754 | View details | |
screener.in | screener.in | 84% | – | #1,968 | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for MProfit
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 40 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Latest news on Mprofit
Complete news archive for MProfit
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to MProfit
10 companies that operate in the same segment as MProfit (Investment & Financial Technology), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Commission-free trading and investment services are provided by Robinhood. | 2013 | Menlo Park, California, United States | USD 5.73 B | USD 2.98 B | 2,300 | |
Online exchange platform for cryptocurrency | 2017 | Ta Xbiex, Malta | USD 2.02 B | – | – | |
Online social trading platform for cryptocurrency, stocks, ETFs, and CFDs | 2007 | Tel Aviv, Israel | USD 422.94 M | USD 925.73 M | – | |
Financial data and investment advisory tools are offered online. | 1984 | Chicago, Illinois, United States | USD 91 M | USD 351.25 K | 6 | |
App-based brokerage stock trading platform | 1996 | Mumbai, Maharashtra, India | USD 38.41 M | USD 548.9 M | 3,830 | |
App-based platform for spare change investment | 2012 | Irvine, California, United States | USD 587.84 M | – | – | |
Smart investment portfolios are offered via an online platform. | 2015 | Bengaluru, Karnataka, India | USD 121.05 M | USD 635.51 K | 231 | |
App-based automated investment and retirement planning platform | 2010 | New York, New York, United States | USD 335 M | – | – | |
Money Forward is engaged in providing financial technology solutions. | 2012 | Minato, Tokyo, Japan | USD 42.9 M | USD 322.51 M | 2,600 | |
Wealth management solutions are delivered for investment advisors. | 2009 | Mountain View, California, United States | USD 759.1 M | – | – |
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Frequently Asked Questions about MProfit
MProfit was founded in 2007 and raised its 1st funding round 15 years after it was founded.
MProfit is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Kiran Shah is the current CEO of MProfit. They have also founded this company.
MProfit is a funded company, having raised a total of $2M across 1 funding round to date. The company's 1st funding round was a Seed of $2M, raised on Nov 2022.
MProfit has 49 employees.
The primary company behind MProfit, Mprofit Software Private Limited, reported revenue of ₹16.14 Cr for FY 2025, up 168% year on year.
MProfit was founded in 2007 in Mumbai, India, within the fintech sector. Multi-asset investment portfolios are tracked through a platform that consolidates holdings from diverse sources. Trade data is imported automatically, performance is monitored, XIRR is calculated, and capital gains reports are generated in formats compliant with tax requirements. Support extends to asset classes including stocks, mutual funds, and bonds, while analytical and performance reports are delivered for portfolio evaluation.
MProfit's top competitors include Altruist, Nucleus Financial and QPLIX.
MProfit offers MProfit Software and MProfit Mobile App.
MProfit has 11 investors. Key investors include Enam Holdings, Gruhas, Samarthya Investment Advisors, Auxano, and Rainmatter.
The valuation of MProfit is $7.02M as of Nov 2022.
MProfit operates through Mprofit Software Private Limited.