About Newfang
Newfang is a Financial Services company based in Bengaluru (India) founded in 2019 by Aravindh Kumar and Mayur Relekar. Decentralized cloud storage platform providing secure file encryption and distribution services. It operates on a SaaS and D2C model in Financial Services and Technology sectors. Its chief executive, as recorded, is Mayur Relekar. Its Indian entity Newfang Networks Private Limited reported revenue of ₹2.69 Cr. Newfang offers products and services including Newfang Platform and Newfang SDKs. Its focus areas include FinTech, Blockchain Services, Decentralized Networks and Data Security.
Company details
Newfang is a decentralized cloud storage platform that enables secure data management through AES encryption, erasure coding, and distribution across a network. It allows users to upload, store, and retrieve files with configurable redundancy and fixed pricing via credit purchases. The platform caters to developers and apps, emphasizing privacy and cost predictability without cryptocurrency involvement. Activities include SDK integration and blockchain-based verification, though no specific location is mentioned.
- Headquarters Bengaluru, India
- Founders Aravindh Kumar, Mayur Relekar
- SectorsFinancial ServicesTechnology
- Email••••••••
- Website newfang.io
- Social X
- Legal Name Newfang Networks Private Limited
- Date of Incorporation 10 Jul, 2019
- Jurisdiction Bengaluru, Karnataka, India
- Annual Revenue₹2.69 Cr
FY 2025 · +5% YoY
- Net Profit₹20.6 Lakh
FY 2025 · 8% margin
- EBITDA₹24 Lakh
FY 2025 · 9% margin
Associated legal entities of Newfang
Newfang operates through Newfang Networks 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 |
|---|---|---|---|---|---|---|---|
| Newfang Networks Private Limited CIN U72200KA2019PTC126091 | Active | 10 Jul 2019 | Bengaluru, Karnataka | ₹2.7 Cr | 3 | View details |
Products & Services of Newfang
Newfang offers a comprehensive portfolio of products and services, including Newfang Platform and Newfang SDKs.
Secure decentralized storage for file upload, encryption, and retrieval.
Tools for easy integration of decentralized storage in applications.
Board of directors of Newfang Networks Private Limited (Newfang)
Newfang Networks Private Limited is the primary company behind Newfang. The board of Newfang Networks Private Limited currently have 3 directors; the longest-serving is Mayur Anandkumar Relekar, appointed in 2019.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Mayur Anandkumar Relekar DIN 08506438 | Director | 10 Jul 2019 | 7 yrs 3 mo | Newfang Networks Private Limited |
| Aravindh Rajasekar Kumar DIN 08506439 | Director | 10 Jul 2019 | 7 yrs 3 mo | Newfang Networks Private Limited |
| Vishwajeet Naik DIN 09508337 | Director | 11 Mar 2022 | 4 yrs 7 mo | Newfang Networks Private Limited |
People of Newfang
2 people are tracked at Newfang (2 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder, CEO | Leadership |
Complete people profiles for Newfang
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 Newfang
Figures of Newfang Networks Private Limited, the primary company behind Newfang, for FY 2025. Revenue was ₹2.69 Cr (+5% year on year). Net profit was ₹20.6 Lakh (8% margin). EBITDA was ₹24 Lakh (9% margin). Revenue has grown at a compounded annual rate of -1% over three years.
- ₹2.69 CrRevenue · FY 2025 · +5% YoY
- ₹20.6 LakhNet profit · 8% margin
- ₹24 LakhEBITDA · 9% margin
- ₹1.2 LakhPaid-up capital
- -1%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Newfang Networks Private Limited are on its company page.
Detailed financial statements for Newfang
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.
Top companies in Decentralized Finance
3 companies that operate in the same segment as Newfang (Decentralized Finance) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
A seed investment fund that targets early-stage blockchain startups. | 2018 | Mumbai, Maharashtra, India | ||||
Offers IT consulting, development, and support for software and blockchain needs. | 2012 | Indore, Madhya Pradesh, India | USD 5.89 M | 189 | ||
Provides mobile app development, blockchain solutions, and AI services for businesses. | 2013 | Chandigarh, India | USD 2.05 M | 86 |
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Frequently Asked Questions about Newfang
Newfang was founded in 2019.
Newfang is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Mayur Relekar is the CEO of Newfang, as recorded in our data. They have also founded this company.
The primary company behind Newfang, Newfang Networks Private Limited, reported revenue of ₹2.69 Cr for FY 2025, up 5% year on year.
Newfang is a decentralized cloud storage platform that enables secure data management through AES encryption, erasure coding, and distribution across a network. It allows users to upload, store, and retrieve files with configurable redundancy and fixed pricing via credit purchases. The platform caters to developers and apps, emphasizing privacy and cost predictability without cryptocurrency involvement. Activities include SDK integration and blockchain-based verification, though no specific location is mentioned.
Newfang offers Newfang Platform and Newfang SDKs.
Newfang operates through Newfang Networks Private Limited.
The legal entities of Newfang currently have 3 directors, including Mayur Anandkumar Relekar, Aravindh Rajasekar Kumar, Vishwajeet Naik.