About X10FinancialServices
X10FinancialServices is a Financial Services company based in Gurugram (India) founded in 2016. Supply chain focused tech NBFC. The company has 2 employees. Its Indian entity X10 Financial Services Limited reported revenue of ₹5.31 Cr. Its focus areas include FinTech, Alternative Lending, Online Lenders and Business Loans. Its competitors include FlexiLoans, Bizongo and Clix Capital; 3 of its 3 listed competitors have raised funding.
Company details
X10 Financial Services was founded in 2016 as an RBI-registered NBFC by Singapore-based Inflexionpoint Asia, established by John Sculley. Operations center on supply chain technology for working capital loans to Indias SME sector. A limit management tool is offered for monitoring utilization, loan applications, and limit enhancements. Headquartered in Singapore, lending activities in Gurugram, India, commenced in April 2016.
- Headquarters Gurugram, India
- Employees 2
- SectorsFinancial Services
- Website x10corp.com
- Social LinkedIn X Facebook
- Legal Name X10 Financial Services Limited
- Date of Incorporation 05 Aug, 1994
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹5.31 Cr
FY 2022 · -92% YoY
- Net Profit₹2.74 Cr
FY 2022 · 52% margin
- EBITDA₹2.93 Cr
FY 2022 · 55% margin
- Investors
- Employee Count2
Associated legal entities of X10FinancialServices
X10FinancialServices operates through X10 Financial Services Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2022) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| X10 Financial Services Limited CIN U65990MH1994PLC080143 | Active | 05 Aug 1994 | Mumbai, Maharashtra | ₹5.3 Cr | 2 | 3 | View details |
Funding Insights of X10FinancialServices
- Total Rounds 1
- Investors Count 1
All 1 funding rounds of X10FinancialServices 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 |
|---|---|---|---|---|---|
| Jul 2016 | Debt – Conventional | – | – |
1 investors in total: 1 institutional.
Investors in X10FinancialServices
X10FinancialServices has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Mas Financial Services.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Financial services and loans are provided to individuals and businesses. | 1988 | mas.co.in | Ahmedabad, India |
Investor details for X10FinancialServices
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Board of directors of X10 Financial Services Limited (X10FinancialServices)
X10 Financial Services Limited is the primary company behind X10FinancialServices. The board of X10 Financial Services Limited currently have 3 directors; the longest-serving is Sanjeev Kumar Gupta, appointed in 2017. 16 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sanjeev Kumar Gupta DIN 02054360 | Director | 14 Dec 2017 | 8 yrs 10 mo | X10 Financial Services Limited |
| Vikas Chandra Pathak DIN 08483169 | Director | 12 Apr 2019 | 7 yrs 6 mo | X10 Financial Services Limited |
| Upendra Mani Tripathi DIN 09315772 | Director | 02 Feb 2022 | 4 yrs 8 mo | X10 Financial Services Limited |
Financials of X10FinancialServices
Figures of X10 Financial Services Limited, the primary company behind X10FinancialServices, for FY 2022. Revenue was ₹5.31 Cr (-92% year on year). Net profit was ₹2.74 Cr (52% margin). EBITDA was ₹2.93 Cr (55% margin). Revenue has grown at a compounded annual rate of +145% over three years and +4% over five years.
- ₹5.31 CrRevenue · FY 2022 · -92% YoY
- ₹2.74 CrNet profit · 52% margin
- ₹2.93 CrEBITDA · 55% margin
- ₹1.05 CrPaid-up capital
- 2Employees (provident fund records)
- +145%Revenue CAGR, 3 years
- +4%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of X10 Financial Services Limited are on its company page.
Detailed financial statements for X10FinancialServices
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of X10FinancialServices
2 dated milestones of X10FinancialServices, from founding to its latest funding, stage changes and deals.
- Founded X10FinancialServices is founded.
- Funding First funding round.
Competitors of X10FinancialServices
X10FinancialServices has 3 listed competitors in our database, 3 of them funded. They include FlexiLoans, Bizongo and Clix Capital.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| flexiloans.com | 2016 | Mumbai, India | $96.88M | 624 | Business loans and financial products for MSMEs are provided. | |
| bizongo.com | 2015 | Mumbai, India | $257.08M | 94 | Platform offering AI-powered vendor digitization, procurement and supply chain financing solutions | |
| clix.capital | 2016 | Gurugram, India | $69.52M | 1,742 | Lending platform for consumers and businesses is provided. |
Detailed competitors of X10FinancialServices
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Top companies in Alternative Lending
3 companies that operate in the same segment as X10FinancialServices (Alternative Lending) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Payment acceptance and processing solutions provider for businesses | 2018 | Gurugram, Haryana, India | USD 589.25 M | USD 179.52 M | 3,670 | |
Technology platform for real estate transactions and mortgages is provided. | 2014 | Gurugram, Haryana, India | USD 97.98 M | USD 28.9 M | 9,619 | |
Financial services are provided, specializing in personal and business loans. | 2016 | Mumbai, Maharashtra, India | USD 320.39 M | USD 106.45 M | 2,161 |
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Related news about X10financialservices
Complete news archive for X10FinancialServices
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Frequently Asked Questions about X10FinancialServices
X10FinancialServices was founded in 2016.
X10FinancialServices is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
X10FinancialServices has 2 employees.
The primary company behind X10FinancialServices, X10 Financial Services Limited, reported revenue of ₹5.31 Cr for FY 2022, down 92% year on year.
X10 Financial Services was founded in 2016 as an RBI-registered NBFC by Singapore-based Inflexionpoint Asia, established by John Sculley. Operations center on supply chain technology for working capital loans to Indias SME sector. A limit management tool is offered for monitoring utilization, loan applications, and limit enhancements. Headquartered in Singapore, lending activities in Gurugram, India, commenced in April 2016.
X10FinancialServices's top competitors include FlexiLoans, Bizongo and Clix Capital.
X10FinancialServices has 1 investor. Key investors include Mas Financial Services.
X10FinancialServices operates through X10 Financial Services Limited.
The legal entities of X10FinancialServices currently have 3 directors, including Upendra Mani Tripathi, Sanjeev Kumar Gupta, Vikas Chandra Pathak.