About Sling Wallet
Sling Wallet is a Financial Services company based in Chennai (India) founded in 2016. Payments and bill management app. The company has 67 employees. Its chief executive, as recorded, is Ramaraju Buddharaju. Its Indian entity Aara Tech Private Limited reported revenue of ₹9.16 Cr. Its focus areas include FinTech, Payments, Consumer Payments and Wallets. Similar companies include PhonePe, MobiKwik and Paytm; 3 of its 3 listed similar companies have raised funding.
Company details
Sling Wallet was founded in 2016 in Chennai, India, as a mobile application in the fintech sector. Utility bill payments are processed through the platform, alongside provisions for hotel and travel bookings. Domestic money transfers are also supported, serving users primarily within India. Operations focus on streamlined financial transactions via the app interface.
- Headquarters Chennai, India
- Employees 67
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website slingwallet.com
- Legal Name Aara Tech Private Limited
- Date of Incorporation 26 Feb, 2016
- Jurisdiction Chennai, Tamil Nadu, India
- Annual Revenue₹9.16 Cr
FY 2024 · +25% YoY
- Net Profit₹4.1 Lakh
FY 2024 · 0% margin
- EBITDA₹15.3 Lakh
FY 2024 · 2% margin
- Employee Count67
Associated legal entities of Sling Wallet
Sling Wallet operates through Aara Tech 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 |
|---|---|---|---|---|---|---|---|
| Aara Tech Private Limited CIN U72900TN2016PTC104424 | Active | 26 Feb 2016 | Chennai, Tamil Nadu | ₹9.2 Cr | 67 | 4 | View details |
Board of directors of Aara Tech Private Limited (Sling Wallet)
Aara Tech Private Limited is the primary company behind Sling Wallet. The board of Aara Tech Private Limited currently have 4 directors; the longest-serving is Balamurugan Ramanathan, appointed in 2016. 6 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Balamurugan Ramanathan DIN 00233595 | Director | 26 Feb 2016 | 10 yrs 8 mo | Aara Tech Private Limited |
| Krishnasamy Ramanathan DIN 06930571 | Director | 30 Apr 2019 | 7 yrs 6 mo | Aara Tech Private Limited |
| Bhavana Balamurugan DIN 10391136 | Director | 15 Nov 2023 | 2 yrs 11 mo | Aara Tech Private Limited |
| Varadharajalu Raja DIN 11270590 | Additional Director | 01 Sep 2025 | 1 yr 1 mo | Aara Tech Private Limited |
People of Sling Wallet
1 people are tracked at Sling Wallet (1 in leadership); the tracked headcount is 67.
| Name | Role | Group |
|---|---|---|
Ramaraju Buddharaju | CEO | Leadership |
Complete people profiles for Sling Wallet
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Financials of Sling Wallet
Figures of Aara Tech Private Limited, the primary company behind Sling Wallet, for FY 2024. Revenue was ₹9.16 Cr (+25% year on year). Net profit was ₹4.1 Lakh (0% margin). EBITDA was ₹15.3 Lakh (2% margin). Revenue has grown at a compounded annual rate of -5% over three years and +3% over five years.
- ₹9.16 CrRevenue · FY 2024 · +25% YoY
- ₹4.1 LakhNet profit · 0% margin
- ₹15.3 LakhEBITDA · 2% margin
- ₹2.45 CrPaid-up capital
- 67Employees (provident fund records)
- -5%Revenue CAGR, 3 years
- +3%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Aara Tech Private Limited are on its company page.
Detailed financial statements for Sling Wallet
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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- Downloads
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Similar companies to Sling Wallet
Sling Wallet has 3 listed similar companies in our database, 3 of them funded. They include PhonePe, MobiKwik and Paytm.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| phonepe.com | 2012 | Bengaluru, India | $1.71B | 1,768 | Payment, financial, investment, and lending services are provided digitally. | |
| mobikwik.com | 2009 | Gurugram, India | $283.54M | 698 | Operator of platform for online mobile, DTH recharge, and bill payments | |
| paytm.com | 2000 | Noida, India | $2.81B | 14,760 | Digital payments, financial services, and e-commerce platforms are provided. |
Detailed similar companies of Sling Wallet
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- Full competitor set
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Top companies in Payments & Remittance Platforms
3 companies that operate in the same segment as Sling Wallet (Payments & Remittance Platforms) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Digital payments, financial services, and e-commerce platforms are provided. | 2000 | Noida, Uttar Pradesh, India | USD 2.81 B | USD 1.05 B | 39,368 | |
Payment, financial, investment, and lending services are provided digitally. | 2012 | Bengaluru, Karnataka, India | USD 1.71 B | USD 950.07 M | 12,265 | |
Payment and business banking solutions are provided for enterprises. | 2014 | Bengaluru, Karnataka, India | USD 741.62 M | USD 302.19 M | 2,850 |
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Frequently Asked Questions about Sling Wallet
Sling Wallet was founded in 2016.
Sling Wallet is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Ramaraju Buddharaju is the CEO of Sling Wallet, as recorded in our data.
Sling Wallet has 67 employees.
The primary company behind Sling Wallet, Aara Tech Private Limited, reported revenue of ₹9.16 Cr for FY 2024, up 25% year on year.
Sling Wallet was founded in 2016 in Chennai, India, as a mobile application in the fintech sector. Utility bill payments are processed through the platform, alongside provisions for hotel and travel bookings. Domestic money transfers are also supported, serving users primarily within India. Operations focus on streamlined financial transactions via the app interface.
Sling Wallet operates through Aara Tech Private Limited.
The legal entities of Sling Wallet currently have 4 directors, including Krishnasamy Ramanathan, Bhavana Balamurugan, Balamurugan Ramanathan and others.