About Nuofox
Nuofox is a Financial Services company based in Mumbai (India) by Siddharth Verma, Ratnesh Ray, and Varun Deshpande. It provides financial data tools and credit underwriting for business risk assessment and analytics. It operates on a B2B and SaaS model. The company has 70 employees. Its Indian entity Nuofox Labs Private Limited reported revenue of ₹20.03 Cr. Nuofox offers products and services including Underwriting Suite, Analytics Suite, Digital Technology Platform, and Technology Suite. Its focus areas include FinTech, Credit Underwriting, Financial Data and Risk Assessment. Its competitors include KarmaLife and Karza; 2 of its 2 listed competitors have raised funding.
Company details
Nuo Capital, based in Singapore, develops platforms that integrate financial data with advanced credit underwriting techniques. They use data tools to address client challenges, enabling fast credit decisions and accurate risk assessment for first-time borrowers. The company offers analytics suites for custom dashboards and AI-powered onboarding to improve operational efficiency in the financial sector.
- Headquarters Mumbai, India
- Employees 70
- Founders Siddharth Verma, Ratnesh Ray, Varun Deshpande
- SectorsFinancial Services
- Website nuofox.com
- Legal Name Nuofox Labs Private Limited
- Date of Incorporation 03 Apr, 2017
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹20.03 Cr
FY 2024 · +26% YoY
- Net Profit₹1.86 Cr
FY 2024 · 9% margin
- EBITDA₹2.83 Cr
FY 2024 · 14% margin
- Employee Count70
Associated legal entities of Nuofox
Nuofox operates through Nuofox Labs 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 |
|---|---|---|---|---|---|---|---|
| Nuofox Labs Private Limited CIN U74999KA2017PTC180136 | Active | 03 Apr 2017 | Bangalore, Karnataka | ₹20.0 Cr | 70 | 3 | View details |
Products & Services of Nuofox
Nuofox offers a comprehensive portfolio of products and services, including Underwriting Suite, Analytics Suite, Digital Technology Platform, and Technology Suite.
Platform for fast and accurate credit risk evaluation of borrowers.
Tools for building scorecards and dashboards to manage customer portfolios.
System for AI-powered consumer onboarding and operational efficiency improvements.
Services for seamless system integration and real-time functionality.
Board of directors of Nuofox Labs Private Limited (Nuofox)
Nuofox Labs Private Limited is the primary company behind Nuofox. The board of Nuofox Labs Private Limited currently have 3 directors; the longest-serving is Varun Ravindra Deshpande, appointed in 2017.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Varun Ravindra Deshpande DIN 07308254 | Director | 03 Apr 2017 | 9 yrs 6 mo | Nuofox Labs Private Limited |
| Ratnesh Kumar Ray DIN 07321310 | Director | 03 Apr 2017 | 9 yrs 6 mo | Nuofox Labs Private Limited |
| Siddharth Verma DIN 07321311 | Director | 03 Apr 2017 | 9 yrs 6 mo | Nuofox Labs Private Limited |
People of Nuofox
3 people are tracked at Nuofox (3 in leadership); the tracked headcount is 70.
| Name | Role | Group |
|---|---|---|
| Co-Founder, Director | Leadership | |
| Co-Founder, Director | Leadership | |
| Co-Founder, Director | Leadership |
Complete people profiles for Nuofox
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 Nuofox
Figures of Nuofox Labs Private Limited, the primary company behind Nuofox, for FY 2024. Revenue was ₹20.03 Cr (+26% year on year). Net profit was ₹1.86 Cr (9% margin). EBITDA was ₹2.83 Cr (14% margin). Revenue has grown at a compounded annual rate of +62% over three years and +165% over five years.
- ₹20.03 CrRevenue · FY 2024 · +26% YoY
- ₹1.86 CrNet profit · 9% margin
- ₹2.83 CrEBITDA · 14% margin
- ₹2 LakhPaid-up capital
- 70Employees (provident fund records)
- +62%Revenue CAGR, 3 years
- +165%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Nuofox Labs Private Limited are on its company page.
Detailed financial statements for Nuofox
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.
Competitors of Nuofox
Nuofox has 2 listed competitors in our database, 2 of them funded. They include KarmaLife and Karza.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| karmalife.ai | 2020 | Bengaluru, India | $9.02M | 117 | Subscription-based payday loans are provided to blue-collar workers digitally. | |
| karza.in | 2015 | Mumbai, India | $1.18M | 1,241 | AI-powered financial data analysis and decision support are provided. |
Detailed competitors of Nuofox
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.
Top companies in Credit Rating Agencies
3 companies that operate in the same segment as Nuofox (Credit Rating Agencies) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Offers business loans and working capital to SMEs via tech-driven platform. | 2014 | Mumbai, Maharashtra, India | USD 34.43 M | 672 | ||
Offers credit ratings for bank loans, bonds, and financial instruments in India. | 2007 | Bengaluru, Karnataka, India | USD 6.68 M | |||
Credit information, business intelligence, and advisory services globally. | 1983 | Mumbai, Maharashtra, India | USD 2.17 M | 67 |
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Frequently Asked Questions about Nuofox
Nuofox is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Nuofox has 70 employees.
The primary company behind Nuofox, Nuofox Labs Private Limited, reported revenue of ₹20.03 Cr for FY 2024, up 26% year on year.
Nuo Capital, based in Singapore, develops platforms that integrate financial data with advanced credit underwriting techniques. They use data tools to address client challenges, enabling fast credit decisions and accurate risk assessment for first-time borrowers. The company offers analytics suites for custom dashboards and AI-powered onboarding to improve operational efficiency in the financial sector.
Nuofox offers Underwriting Suite, Analytics Suite, Digital Technology Platform, and Technology Suite.
Nuofox operates through Nuofox Labs Private Limited.
The legal entities of Nuofox currently have 3 directors, including Varun Ravindra Deshpande, Ratnesh Kumar Ray, Siddharth Verma.