About Refex Capital
Refex Capital is a Technology company based in Chennai (India) founded in 2015. Early-stage venture capital fund investing in innovative startups. It operates in the Technology and Financial Services sectors. Refex Capital offers products and services including Venture Funding and Startup Support. Its focus areas include Innovation and AI, Tech Startups, Digital Solutions and Finance. Its legal entity in India is Aj Incubation Forum (U74999TN2017NPL117516).
Company details
Refex Capital is recognized as an early-stage venture capital fund that invests in founders with vision and passion, focusing on innovative ideas to drive success. A total of 22 investee companies are supported, along with 3 exits achieved and a fund size of 30 million. Investments have been made in sectors like AI, transportation, and technology, as seen in media coverage of startups such as Orbo.ai and BluSmart. The funds approach emphasizes catalyzing entrepreneurial ventures while maintaining a presence in Chennai, India, where operations are based. This structure ensures resources are allocated to promising ideas without promotional emphasis.
- Headquarters Chennai, India
- SectorsTechnologyFinancial Services
- Website refexcapital.com
- Social LinkedIn X
- Legal Name Aj Incubation Forum
- Date of Incorporation 11 Jul, 2017
- Jurisdiction Chennai, Tamil Nadu, India
- Annual Revenue₹1,540
FY 2025 · -37% YoY
- Net Loss-₹3.4 Lakh
FY 2025 · -22000% margin
- EBITDA-₹2.9 Lakh
FY 2025 · -19092% margin
Associated legal entities of Refex Capital
Refex Capital operates through Aj Incubation Forum (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 |
|---|---|---|---|---|---|---|---|
| Aj Incubation Forum CIN U74999TN2017NPL117516 | Active | 11 Jul 2017 | Chennai, Tamil Nadu | ₹0.0 Cr | 2 | View details |
Products & Services of Refex Capital
Refex Capital offers a comprehensive portfolio of products and services, including Venture Funding and Startup Support.
Funding is provided to early-stage startups to catalyze their growth and success.
Support is offered to entrepreneurs through investments and resources for innovative ideas.
Board of directors of Aj Incubation Forum (Refex Capital)
Aj Incubation Forum is the primary company behind Refex Capital. The board of Aj Incubation Forum currently have 2 directors; the longest-serving is Anil Jain, appointed in 2017.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Anil Jain DIN 00181960 | Director | 11 Jul 2017 | 9 yrs 3 mo | Aj Incubation Forum |
| Dinesh Kumar Agarwal DIN 07544757 | Director | 11 Jul 2017 | 9 yrs 3 mo | Aj Incubation Forum |
People of Refex Capital
3 people are tracked at Refex Capital (1 in leadership, 2 in team).
| Name | Role | Group |
|---|---|---|
| Managing Director | Leadership | |
Sakshi Bhuwania | Investment Manager | Team |
Rahul Kashetty | Investment Manager | Team |
Complete people profiles for Refex Capital
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Financials of Refex Capital
Figures of Aj Incubation Forum, the primary company behind Refex Capital, for FY 2025. Revenue was ₹1,540 (-37% year on year). Net loss was -₹3.4 Lakh (-22000% margin). EBITDA was -₹2.9 Lakh (-19092% margin). Revenue has grown at a compounded annual rate of -48% over three years and -64% over five years.
- ₹1,540Revenue · FY 2025 · -37% YoY
- -₹3.4 LakhNet loss · -22000% margin
- -₹2.9 LakhEBITDA · -19092% margin
- ₹10 LakhPaid-up capital
- -48%Revenue CAGR, 3 years
- -64%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Aj Incubation Forum are on its company page.
Detailed financial statements for Refex Capital
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Web traffic of Refex Capital
The website of Refex Capital (refexcapital.com) receives about 1.2K visits a month.
- Monthly visits1.2K
▲ 364.7% vs previous month
Top companies in Deep Tech & Frontier Technologies
3 companies that operate in the same segment as Refex Capital (Deep Tech & Frontier Technologies) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Early-stage investing in tech startups in India. | 2011 | Mumbai, Maharashtra, India | USD 3.74 M | |||
Venture capital investments in startups from leading Indian institutions across various sectors. | 2011 | Mumbai, Maharashtra, India | USD 5.22 M | 14 | ||
Venture capital investments are made in Indian startups across multiple sectors. | 1990 | Ahmedabad, Gujarat, India | USD 2.4 M | 59 |
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Related news about Refex Capital
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Frequently Asked Questions about Refex Capital
Refex Capital was founded in 2015.
Refex Capital is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
The primary company behind Refex Capital, Aj Incubation Forum, reported revenue of ₹1,540 for FY 2025, down 37% year on year.
Refex Capital is recognized as an early-stage venture capital fund that invests in founders with vision and passion, focusing on innovative ideas to drive success. A total of 22 investee companies are supported, along with 3 exits achieved and a fund size of 30 million. Investments have been made in sectors like AI, transportation, and technology, as seen in media coverage of startups such as Orbo.ai and BluSmart. The funds approach emphasizes catalyzing entrepreneurial ventures while maintaining a presence in Chennai, India, where operations are based. This structure ensures resources are allocated to promising ideas without promotional emphasis.
Refex Capital offers Venture Funding and Startup Support.
Refex Capital operates through Aj Incubation Forum.
The legal entities of Refex Capital currently have 2 directors, including Anil Jain, Dinesh Kumar Agarwal.