About TranServ
TranServ is a Financial Services company based in Mumbai (India) founded in 2011 by Anand Kapadia. Digital payment solutions are provided for individuals and organizations. TranServ has raised $25.42 million across 4 funding rounds from investors including Micromax Informatics, Bandhan Mutual Fund and Faering Capital. The company has 5 employees. TranServ has completed 1 acquisition, including Zwitch. TranServ was last valued at $24.41 million in April 2016. Its focus areas include FinTech, Payments, Business Payments and Diversified. Its competitors include Razorpay, Mintoak and Pine Labs; 3 of its 3 listed competitors have raised funding.
Company details
Transerve was founded in 2011 and is headquartered in Mumbai, India. Operations focus on the fintech sector, where electronic payment services and diversified solutions for businesses are offered. Prepaid payment options, including mobile payments, remittances, and gift cards, are provided alongside checkout systems, peer-to-peer transfers, and group payment facilities. These services support both individual users and organizational needs across digital platforms.
- Headquarters Mumbai, India
- Employees 5
- Founders Anand Kapadia
- Stage Minicorn
- SectorsFinancial Services
- Website transerv.co.in
- Social Facebook
- Annual Revenue$3.94 M (USD)-19as on Mar 31, 2024
- Net Profit-$2.61 M (USD)-4as on Mar 31, 2024
- EBITDA-$1.13 M (USD)-1187as on Mar 31, 2024
- Total Equity Funding$25.42M (USD)
in 4 rounds
- Latest Funding Round$6.64M (USD), Series D
Apr 2019
- InvestorsMicromax Informatics
& 4 more
- Employee Count5
- Investments & Acquisitions
Associated legal entities of TranServ
TranServ is associated with 2 registered companies on The Company Check. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Transerv Limited CIN U93090MH2010PLC211328 | Active | 24 Dec 2010 | Mumbai, Maharashtra | ₹4.2 Cr | 5 | 6 | View details |
| Dhani Loans And Services Limited CIN U74899DL1994PLC062407 | Active | 27 Oct 1994 | New Delhi, Delhi | ₹372 Cr | 199 | 8 | View details |
Funding Insights of TranServ
TranServ has successfully raised a total of $25.42M across 4 strategic funding rounds. The most recent funding activity was a Series D round of $6.64 million completed in April 2019. 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 $25.42M
- Total Rounds 4
- Last Round Series D — $6.64M
- First Round $95,293
(Jul 2012)
- Investors Count 5
All 4 funding rounds of TranServ 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 |
|---|---|---|---|---|---|
| Apr 2019 | $6.64M | Series D | – | – | |
| Apr 2016 | $15M | Series C | $24.41M | Micromax Informatics, Bandhan Mutual Fund | |
| Jul 2014 | $3.69M | Series B | $14.49M | Faering Capital | |
| Jul 2012 | $95,293 | Seed | $••••• | Nirvana Ventures Advisors | – |
| Date | Valuation | Stage |
|---|---|---|
| Apr 2016 | $24.41M | •••••••• |
| Jul 2014 | $14.49M | •••••••• |
| Jul 2012 | $••••• | •••••••• |
Full valuation and stage history of TranServ
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
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Last known valuation $24.41M (Apr 2016). 5 investors in total: 5 institutional.
Investors in TranServ
TranServ has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Micromax Informatics, Bandhan Mutual Fund and Faering Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm focusing on investments in Indian internet, mobile, and digital payments sectors. | 2011 | nirvanaventures.in | Mumbai, India | |
Private equity firm managing investments in Indian sectors. | 2009 | faeringcapital.com | Mumbai, India | |
Manufacturer of consumer electronics and home appliances | 2000 | micromaxinfo.com | Gurugram, India | |
Online platform for investing in mutual funds | 2000 | bandhanmutual.com | Mumbai, India | |
Delivers comprehensive solutions for consumer and business loans. | 2018 | indiabullsconsumerfinance.com | Gurugram, India |
Investor details for TranServ
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Board of directors of TranServ
The boards of the 2 registered companies of TranServ currently have 8 directors; the longest-serving is Manish Rustagi, appointed in 2011. 40 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Manish Rustagi DIN 06467100 | Company Secretary | 16 Nov 2011 | 14 yrs 11 mo | Dhani Loans And Services Limited |
| Labh Singh Sitara DIN 01724648 | Director | 14 Sep 2017 | 9 yrs 1 mo | Dhani Loans And Services Limited |
| Akshay Kumar Tiwary DIN 00366348 | Director | 28 Nov 2022 | 3 yrs 10 mo | Dhani Loans And Services Limited, Transerv Limited |
| Sanjeev Kashyap DIN 03405178 | Whole-time director | 01 Jan 2023 | 3 yrs 9 mo | Dhani Loans And Services Limited, Transerv Limited |
| Sidharth Vinod Nathani DIN 10040926 | CEO | 13 Feb 2023 | 3 yrs 8 mo | Transerv Limited |
| Amit Ajit Gandhi DIN 07606699 | Director | 05 Apr 2023 | 3 yrs 6 mo | Dhani Loans And Services Limited |
| Sargam Kataria DIN 07133394 | Director | 01 Aug 2023 | 3 yrs 2 mo | Dhani Loans And Services Limited |
| Prem Prakash Mirdha DIN 01352748 | Director | 04 Oct 2023 | 3 yrs | Dhani Loans And Services Limited |
People of TranServ
1 people are tracked at TranServ (1 in leadership); the tracked headcount is 5.
| Name | Role | Group |
|---|---|---|
Anand Kapadia | Co-Founder & Director | Leadership |
Complete people profiles for TranServ
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Financials of TranServ
Figures of Dhani Loans And Services Limited, the primary company behind TranServ, for FY 2024. Revenue was ₹372 Cr (-30% year on year). Net profit was ₹13.18 Cr (4% margin). EBITDA was ₹128 Cr (34% margin). Revenue has grown at a compounded annual rate of -32% over three years and -27% over five years.
- ₹372 CrRevenue · FY 2024 · -30% YoY
- ₹13.18 CrNet profit · 4% margin
- ₹128 CrEBITDA · 34% margin
- ₹61.19 CrPaid-up capital
- 199Employees (provident fund records)
- -32%Revenue CAGR, 3 years
- -27%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Dhani Loans And Services Limited are on its company page.
Detailed financial statements for TranServ
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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Investments & Acquisitions by TranServ
TranServ has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Zwitch.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
API-enabled banking software suite is provided for financial institutions. | zwitch.io | Bengaluru, India | 2013 | Oct 2014 | •••• |
Complete acquisition details for TranServ
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Timeline of TranServ
5 dated milestones of TranServ across 8 years, from founding to its latest funding, stage changes and deals.
- Founded TranServ is founded.
- Funding First funding round of $95K.
- Milestone Reaches Minicorn status.
- Acquisition Acquires Zwitch.
- Funding Latest funding round, Series D, of $6.6M.
Competitors of TranServ
TranServ has 3 listed competitors in our database, 3 of them funded. They include Razorpay, Mintoak and Pine Labs.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| razorpay.com | 2014 | Bengaluru, India | $741.62M | 2,641 | Payment and business banking solutions are provided for enterprises. | |
| mintoak.com | 2017 | Mumbai, India | $24.71M | 140 | Digital payments and engagement solutions are offered for MSMEs. | |
| pinelabs.com | 1998 | Noida, India | $1.23B | 3,780 | Omnichannel payment solutions, loyalty programs, and business tools are provided. |
Detailed competitors of TranServ
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Top companies in Payments & Remittance Platforms
3 companies that operate in the same segment as TranServ (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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Related news about Transerv
Complete news archive for TranServ
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Frequently Asked Questions about TranServ
TranServ was founded in 2011 and raised its 1st funding round 1 year after it was founded.
TranServ is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
TranServ is a funded company, having raised a total of $25.42M across 4 funding rounds to date. The company's 1st funding round was a Seed of $95.29K, raised on Jul 2012.
TranServ has 5 employees.
Annual revenue of TranServ is $3.94M as on Mar 31, 2024.
Transerve was founded in 2011 and is headquartered in Mumbai, India. Operations focus on the fintech sector, where electronic payment services and diversified solutions for businesses are offered. Prepaid payment options, including mobile payments, remittances, and gift cards, are provided alongside checkout systems, peer-to-peer transfers, and group payment facilities. These services support both individual users and organizational needs across digital platforms.
TranServ has made 1 acquisition, including Zwitch.
TranServ has 5 investors. Key investors include Micromax Informatics, Bandhan Mutual Fund, Faering Capital, Nirvana Ventures Advisors, and Indiabulls Consumer Finance.
The valuation of TranServ is $24.41M as of Apr 2016.
TranServ is associated with 2 legal entities: Dhani Loans And Services Limited, Transerv Limited.
The legal entities of TranServ currently have 11 directors, including Labh Singh Sitara, Manish Rustagi, Rajeev Lochan Agrawal and others.