About TFSL
TFSL is a Financial Services company based in Gurugram (India) founded in 2012, and was acquired by Satin Finserv in June 2016. Financial brokerage services are provided to clients in India. TFSL has raised $1.52 million across 2 funding rounds from investors including Norfund, MicroVest and Satin Finserv. The company has 1,390 employees. TFSL was last valued at $1.72 million in April 2014. Its Indian entity Taraashna Financial Services Limited reported revenue of ₹69.72 Cr. Its focus areas include Service Providers to Banks.
Company details
TFSL was established in 2012 as a financial brokerage firm in Gurugram, India. Operations are focused on brokerage activities within the financial sector, where trading and investment services are facilitated for clients. The firm maintains its online presence through the domain taraashna.in, supporting regional financial transactions and advisory functions in the Indian market. Core services include securities brokering and related financial intermediation.
- Headquarters Gurugram, India
- Employees 1,390
- Stage Acquired
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website taraashna.in
- Social LinkedIn X Facebook
- Acquired by Satin Finserv (Jun 2016)
- Legal Name Taraashna Financial Services Limited
- Date of Incorporation 22 May, 2012
- Jurisdiction Gurugram, Haryana, India
- Annual Revenue₹69.72 Cr
FY 2022 · +18% YoY
- Net Loss-₹21.97 Cr
FY 2022 · -32% margin
- EBITDA-₹22.56 Cr
FY 2022 · -32% margin
- Total Equity Funding$1.52M (USD)
in 2 rounds
- Latest Funding Round$1.1M (USD), Seed
Mar 2015
- InvestorsNorfund
& 5 more
- Employee Count1,390
- Acquired bySatin Finserv
(Jun 2016)
Associated legal entities of TFSL
TFSL operates through Taraashna Financial Services Limited (amalgamated). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2022) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Taraashna Financial Services Limited CIN U74140HR2012PLC099168 | Amalgamated | 22 May 2012 | Gurugram, Haryana | ₹69.7 Cr | 1,390 | 5 | View details |
Funding Insights of TFSL
TFSL has successfully raised a total of $1.52M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $1.1 million completed in March 2015. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $1.52M
- Total Rounds 2
- Last Round Seed — $1.1M
- First Round $415,180
(Apr 2014)
- Investors Count 5
All 2 funding rounds of TFSL with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2015 | $1.1M | Seed | – | – | |
| Apr 2014 | $415,180 | Seed | $1.72M | – |
| Date | Valuation | Stage |
|---|---|---|
| Apr 2014 | $1.72M | •••••••• |
Last known valuation $1.72M (Apr 2014). 6 investors in total: 6 institutional.
Investors in TFSL
TFSL has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Norfund, MicroVest and Satin Finserv.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investments are made in early-stage blockchain and fintech companies. | sbivencapital.com.sg | Singapore, Singapore | ||
Venture debt and private equity investments are provided by MicroVest. | 2003 | microvestfund.com | Bethesda, United States | |
It invests in developing countries to create jobs and improve lives | 1998 | norfund.no | Oslo, Norway | |
Delivers branding, market research, financial planning, and event management services. | 2002 | satinmedia.co.in | Delhi, India | |
Provides comprehensive consulting in branding, hardware, financial planning, and marketing. | 1998 | satinindia.com | Delhi, India | |
Offers personal, SME, and MSME loan services | 2019 | satinfinserv.com | Gurugram, India |
Investor details for TFSL
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Taraashna Financial Services Limited (TFSL)
Taraashna Financial Services Limited is the primary company behind TFSL. The board of Taraashna Financial Services Limited currently have 3 directors; the longest-serving is Harvinder Pal Singh, appointed in 2014. 21 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Harvinder Pal Singh DIN 00333754 | Director | 26 May 2014 | 12 yrs 5 mo | Taraashna Financial Services Limited |
| Sanjay Kumar Bhatia DIN 07033027 | Director | 04 Jan 2017 | 9 yrs 10 mo | Taraashna Financial Services Limited |
| Sumit Mukherjee DIN 08369056 | Director | 30 Jul 2022 | 4 yrs 3 mo | Taraashna Financial Services Limited |
People of TFSL
5 people are tracked at TFSL (3 in leadership, 2 in board & advisors); the tracked headcount is 1,390.
| Name | Role | Group |
|---|---|---|
Rahul Garg | CFO | Leadership |
Partha Mukherjee | CEO | Leadership |
Ajay Sharma | Head, HR | Leadership |
| Director | Board & advisors | |
| Director | Board & advisors |
Complete people profiles for TFSL
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 TFSL
Figures of Taraashna Financial Services Limited, the primary company behind TFSL, for FY 2022. Revenue was ₹69.72 Cr (+18% year on year). Net loss was -₹21.97 Cr (-32% margin). EBITDA was -₹22.56 Cr (-32% margin).
- ₹69.72 CrRevenue · FY 2022 · +18% YoY
- -₹21.97 CrNet loss · -32% margin
- -₹22.56 CrEBITDA · -32% margin
- ₹16.04 CrPaid-up capital
- 1,390Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Taraashna Financial Services Limited are on its company page.
Detailed financial statements for TFSL
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.
Timeline of TFSL
5 dated milestones of TFSL across 4 years, from founding to its latest funding, stage changes and deals.
- Founded TFSL is founded.
- Funding First funding round of $415K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $1.1M.
- Exit Acquired by Satin Finserv.
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Frequently Asked Questions about TFSL
TFSL was founded in 2012 and raised its 1st funding round 2 years after it was founded.
TFSL is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
TFSL is a funded company, having raised a total of $1.52M across 2 funding rounds to date. The company's 1st funding round was a Seed of $415.18K, raised on Apr 2014.
TFSL has 1,390 employees.
The primary company behind TFSL, Taraashna Financial Services Limited, reported revenue of ₹69.72 Cr for FY 2022, up 18% year on year.
TFSL was established in 2012 as a financial brokerage firm in Gurugram, India. Operations are focused on brokerage activities within the financial sector, where trading and investment services are facilitated for clients. The firm maintains its online presence through the domain taraashna.in, supporting regional financial transactions and advisory functions in the Indian market. Core services include securities brokering and related financial intermediation.
TFSL has 6 investors. Key investors include Norfund, MicroVest, Satin Finserv, Satin, and Satin Media Solutions.
The valuation of TFSL is $1.72M as of Apr 2014.
TFSL operates through Taraashna Financial Services Limited.
Yes. TFSL was acquired by Satin Finserv in June 2016.
The legal entities of TFSL currently have 5 directors, including Sneha Khanduja, Sumit Mukherjee, Rahul Garg and others.