About Promore Fintech
Promore Fintech is a Financial Services company based in Ahmedabad (India) founded in 2006. It provides financial planning, asset allocation, mutual funds, and insurance services. It operates on a B2C model. Its Indian entity Promore Fintech Private Limited reported revenue of ₹66.5 Lakh. Promore Fintech offers products and services including Financial Planning, Asset Allocation, Mutual Funds, Insurance Services, and Tax Planning. Its focus areas include FinTech, Investment Tech, Financial Advisory and Wealth Management. Similar companies include Dezerv, Wealthy and ASK Group; 3 of its 3 listed similar companies have raised funding.
Company details
Promore is a financial services company based in India that specializes in investment planning, asset allocation, mutual funds, insurance, and tax planning. They prioritize client safety, liquidity, and returns in recommendations, using a client-first approach. Services include personalized advice for individuals, helping with financial goals and estate planning through digital innovations.
- Headquarters Ahmedabad, India
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website promorefintech.com
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- Legal Name Promore Fintech Private Limited
- Date of Incorporation 03 Jul, 2006
- Jurisdiction Ahmedabad, Gujarat, India
- Annual Revenue₹66.5 Lakh
FY 2024 · +24% YoY
- Net Profit₹10.6 Lakh
FY 2024 · 16% margin
- EBITDA₹14.9 Lakh
FY 2024 · 22% margin
Associated legal entities of Promore Fintech
Promore Fintech operates through Promore Fintech 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 |
|---|---|---|---|---|---|---|---|
| Promore Fintech Private Limited CIN U67120GJ2006PTC048603 | Active | 03 Jul 2006 | Ahmedabad, Gujarat | ₹0.7 Cr | 2 | View details |
Products & Services of Promore Fintech
Promore Fintech offers a comprehensive portfolio of products and services, including Financial Planning, Asset Allocation, Mutual Funds, Insurance Services, and Tax Planning.
Service for setting and achieving personal financial goals
Advice on distributing investments for safety and growth
Recommendations for mutual fund investments based on client needs
Guidance on insurance policies for financial protection
Strategies to optimize taxes and financial planning
Apps and channels of Promore Fintech
Promore Fintech publishes 2 mobile apps with over 100 downloads; its YouTube channel ProMore Fintech has 250 subscribers and 30 videos.
Videos from Promore Fintech
The most watched videos on Promore Fintech's YouTube channel, ProMore Fintech (250 subscribers). Click a video to play it here.
More on ProMore Fintech.
Board of directors of Promore Fintech Private Limited (Promore Fintech)
Promore Fintech Private Limited is the primary company behind Promore Fintech. The board of Promore Fintech Private Limited currently have 2 directors; the longest-serving is Nisha Mahesh Sanghavi, appointed in 2020. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Nisha Mahesh Sanghavi DIN 08731807 | Additional Director | 01 Apr 2020 | 6 yrs 7 mo | Promore Fintech Private Limited |
| Ketan Acharya DIN 00153763 | Additional Director | 01 Apr 2020 | 6 yrs 7 mo | Promore Fintech Private Limited |
Financials of Promore Fintech
Figures of Promore Fintech Private Limited, the primary company behind Promore Fintech, for FY 2024. Revenue was ₹66.5 Lakh (+24% year on year). Net profit was ₹10.6 Lakh (16% margin). EBITDA was ₹14.9 Lakh (22% margin). Revenue has grown at a compounded annual rate of +155% over three years.
- ₹66.5 LakhRevenue · FY 2024 · +24% YoY
- ₹10.6 LakhNet profit · 16% margin
- ₹14.9 LakhEBITDA · 22% margin
- ₹15 LakhPaid-up capital
- +155%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Promore Fintech Private Limited are on its company page.
Detailed financial statements for Promore Fintech
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Similar companies to Promore Fintech
Promore Fintech has 3 listed similar companies in our database, 3 of them funded. They include Dezerv, Wealthy and ASK Group.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| dezerv.in | 2021 | Mumbai, India | $100M | 513 | Investment solutions and portfolio management are provided for affluent individuals. | |
| wealthy.in | 2015 | Bengaluru, India | $22.29M | 231 | Digital wealth management platform is offered for personalized investments. | |
| askfinancials.com | 1983 | Mumbai, India | $125M | 191 | Asset & wealth management platform |
Detailed similar companies of Promore Fintech
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Top companies in Investment & Wealth Tech
3 companies that operate in the same segment as Promore Fintech (Investment & Wealth Tech) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Mutual funds, portfolio management, and retirement planning services are offered. | 2001 | Mumbai, Maharashtra, India | USD 142.4 M | USD 180.76 M | 1,840 | |
Investment consultant for future & options and commodities | 1987 | Kochi, Kerala, India | USD 71.52 M | 2,690 | ||
Technology-led financial products and infrastructure services are provided for consumers. | 2021 | Mumbai, Maharashtra, India | USD 145.66 M | USD 105.66 M | 376 |
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Frequently Asked Questions about Promore Fintech
Promore Fintech was founded in 2006.
Promore Fintech is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.
The primary company behind Promore Fintech, Promore Fintech Private Limited, reported revenue of ₹66.5 Lakh for FY 2024, up 24% year on year.
Promore is a financial services company based in India that specializes in investment planning, asset allocation, mutual funds, insurance, and tax planning. They prioritize client safety, liquidity, and returns in recommendations, using a client-first approach. Services include personalized advice for individuals, helping with financial goals and estate planning through digital innovations.
Promore Fintech offers Financial Planning, Asset Allocation, Mutual Funds, Insurance Services, and Tax Planning.
Promore Fintech operates through Promore Fintech Private Limited.
The legal entities of Promore Fintech currently have 2 directors, including Nisha Mahesh Sanghavi, Ketan Acharya.
Yes. Promore Fintech publishes Finbyte and 1 more app, with over 100 downloads.