About Blend Financial Services Limited
Data last updated:
Blend Financial Services Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the business and IT consulting segment of the business process outsourcing sector. It was incorporated on 04 December 1997 and has been in existence for over 29 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U67190MH1997PLC112262. Its GSTIN is 27AAACB6024C1Z9 (Maharashtra). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹18 Cr and a paid-up capital of ₹12.6 Cr. It was formerly known as Blend Financial Services Private Limited. It is led by directors including Ravi Kailashchandra Gupta (Managing Director) and Kailash Chandra Bhagwandas Gupta (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹61.89 Cr, a decline of 24% compared to the previous year. For the same year it recorded a net loss of ₹17.64 Cr (net margin -28.5%) and EBITDA of -₹19.23 Cr (EBITDA margin -31.1%).
The company has about 73 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Blend Financial Services. As per MCA filings, the company has open charges of ₹4.8 Cr and satisfied charges of ₹13.6 Cr on record. Court records list 9 cases involving the company, including 9 filed by the company; 2 cases are pending. The company has 11 deals on record (8 secondary share transfers, 3 funding rounds), with disclosed funding of ₹5.11 Cr; the latest was in March 2022. Its 10 peer companies in the BFSI industry (Other Financial Services) are compared by revenue, 5 larger and 5 smaller; the largest is PSB Alliance Private Limited with revenue of ₹62.25 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website blendfinance.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address404 4th Floor C – Wing Pramukh Plaza Cardinal Gracious Road Chakala Andheri, (East), Mumbai, Maharashtra, India – 400099
- IndustryBusiness Outsourcing, Business & IT Consulting
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
- One PDF report, delivered after checkout
Business Activity of Blend Financial Services Limited
The main business activity of Blend Financial Services is financial and insurance service. In detail, this covers financial advisory, brokerage and consultancy services.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K7 | Financial Advisory, brokerage and Consultancy Services | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Blend Financial Services Limited FY 2024 filings available
Blend Financial Services Limited reported revenue of ₹61.89 Cr (down 24% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Blend Financial Services Limited
Revenue fell 24% in the latest year. EBITDA fell 271% in the latest year. All are worked out from the filed statements.
Financial Statement Summary of Blend Financial Services Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹19.23 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹17.64 Cr | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Blend Financial Services Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -31.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -28.5% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Blend Financial Services are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Blend Financial Services Limited
Blend Financial Services Limited is compared with the companies closest to it by revenue in the BFSI industry (Other Financial Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| PSB Alliance Private Limited | ₹62.25 Cr (FY 2025) | •••• | •••• | 361.0% | •••• | Mumbai, Maharashtra, India |
| Pinebridge Investments Capital India Private Limited | ₹62.21 Cr (FY 2025) | •••• | •••• | 14.0% | •••• | Mumbai, Maharashtra, India |
| Deutsche Investor Services Private Limited | ₹62.1 Cr (FY 2025) | •••• | •••• | 0.0% | •••• | Mumbai, Maharashtra, India |
| Monotype India Ltd. Listed | ₹62 Cr (FY 2025) | •••• | •••• | 485.0% | •••• | Mumbai, Maharashtra, India |
| Drip Capital Services India LLP | ₹61.94 Cr (FY 2025) | •••• | •••• | 6.0% | •••• | Andheri East Mumbai, Maharashtra, India |
| Blend Financial Services Limited this company | ₹61.89 Cr (FY 2025) | •••• | •••• | -24.0% | •••• | Mumbai, Maharashtra, India |
| Horizon Impex Private Limited | ₹61.85 Cr (FY 2025) | •••• | •••• | -32.0% | •••• | Mumbai, Maharashtra, India |
| Patni Financial Services Pvt Ltd | ₹61.84 Cr (FY 2025) | •••• | •••• | -28.0% | •••• | Kolkata, West Bengal, India |
| HS Alliance Private Limited | ₹61.73 Cr (FY 2024) | •••• | •••• | 127.0% | •••• | Delhi, India |
| Arpwood Capital Private Limited | ₹61.5 Cr (FY 2025) | •••• | •••• | -34.0% | •••• | Mumbai, Maharashtra, India |
| Paft Inclusive Financial Services Private Limited | ₹61.26 Cr (FY 2025) | •••• | •••• | 21.0% | •••• | Tiruchirappalli, Tamil Nadu, India |
Peers are the five companies nearest above and the five nearest below Blend Financial Services by revenue in the BFSI industry (Other Financial Services), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Blend Financial Services Limited
Blend Financial Services Limited is audited by PYS & Co LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| PYS & Co LLP | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Blend Financial Services Limited
Blend Financial Services has 4 current directors and 20 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Tity Thomas Placheri | Director | 02 Aug 2024 | 2 Years 2 Months | Current |
| Kailash Chandra Bhagwandas Gupta Also directs: KK & RP Ventures LLP, Stratagem Solutions Private Limited, Ambuja Consultancy Services Private Limited and 1 more | Whole-Time Director | 04 Dec 1997 | 28 Years 10 Months | Current |
| Vaibhavi Mahendrakumar Thakkar Also directs: Blue Creed LLP | Whole-Time Director | 15 Apr 2007 | 19 Years 5 Months | Current |
| Ravi Kailashchandra Gupta | Managing Director | 04 Dec 1997 | 28 Years 10 Months | Current |
Ownership and Shareholding of Blend Financial Services Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Blend Financial Services Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Oct 2025 | Bank of India | ₹75 Lakh | Open |
| 18 Nov 2022 | Hdfc Bank Limited | ₹2.5 Cr | Open |
| 24 Aug 2022 | Others | ₹1.55 Cr | Open |
| 28 Sep 2018 | Bank of India | ₹3 Cr | Satisfied |
| 29 Feb 2012 | Icici Bank Limited | ₹1.7 Cr | Satisfied |
Total charge records: 7 View all charges
Deals & Funding of Blend Financial Services Limited
Blend Financial Services Limited has 11 deals on record (8 secondary share transfers, 3 funding rounds), with disclosed funding of ₹5.11 Cr; the latest was in March 2022.
Deals on record (5 of 11)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2011 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: Unilad International Limited , an individual |
| Sep 2010 | Secondary share transfer | Undisclosed | Buyer: Unilad International Limited Seller: an individual |
| Sep 2010 | Funding round | ₹5 Cr | Investors: Wisdom Global Enterprises Limited |
| Aug 2007 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Choudhary Global Limited |
| Jun 2007 | Funding round | ₹10 Lakh | Investors: Choudhary Global Limited |
Full deal history
All 11 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Blend Financial Services Limited
Blend Financial Services Limited has 9 court cases on record: 9 filed by Blend Financial Services. 2 cases are pending and 7 are disposed. Status as checked between 28 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 7 | 0 | 2 |
| District courts | 2 | 0 | 0 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (LPETN) | Filed by the company against Banyan and Berry Alloys Limited | Pending |
| Bombay High Court | Court case (LPETN) | Filed by the company against Corporate Media-Men Advertising Private Limited | Pending |
| Bombay High Court | Court case (CHS) | Filed by the company against Corporate Media-Men Advertising Private Limited | Disposed |
| Bombay High Court | Court case (SS) | Filed by the company against Banyan and Berry Alloys Limited | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed by the company against Banyan and Berry Alloys Limited | Disposed |
Full case history
All 9 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Associated Brands with Blend Financial Services Limited
Blend Financial Services operates one associated brand: Blend Financial Services. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Global financial consultancy and specialty finance services. | blendfinance.com |
Employees and EPFO Compliance at Blend Financial Services Limited
Blend Financial Services Limited has a workforce of 73 employees as of Apr 01, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
CIN History of Blend Financial Services Limited
Blend Financial Services has one previous CIN (Corporate Identification Number): U67190MH1997PTC112262. The current CIN is U67190MH1997PLC112262, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U67190MH1997PLC112262 | Current |
| U67190MH1997PTC112262 | Previous |
News related to Blend Financial Services Limited
Recent Activity on Blend Financial Services Limited
Blend Financial Services Limited has 19 board changes on record since 1997: 4 appointments and 15 cessations. The latest: Tity Thomas Placheri was appointed as Director on 02 Aug 2024.
21 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Blend Financial Services Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Blend Financial Services Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Blend Financial Services Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Blend Financial Services Limited
Blend Financial Services has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACB6024C1Z9 | Maharashtra | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Blend Financial Services Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Blend Financial Services Limited
Blend Financial Services is an active public limited company based in Mumbai, Maharashtra, India. The company works in business and IT consulting, within the business outsourcing industry. It was incorporated on 04 December 1997 (29+ years old) and is registered under CIN U67190MH1997PLC112262.
Blend Financial Services reported revenue of ₹61.89 Cr for FY 2025 (down 24% YoY).
Blend Financial Services has 4 current directors:
- Ravi Kailashchandra Gupta - Managing Director
- Kailash Chandra Bhagwandas Gupta - Whole-Time Director
- Vaibhavi Mahendrakumar Thakkar - Whole-Time Director
- Tity Thomas Placheri - Director
Blend Financial Services reported a net loss of ₹17.64 Cr (net margin -28.5%) and EBITDA of -₹19.23 Cr (EBITDA margin -31.1%) for FY 2025, as per its filed financial statements.
The GSTIN of Blend Financial Services is 27AAACB6024C1Z9, registered in Maharashtra. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
The CIN (Corporate Identification Number) of Blend Financial Services is U67190MH1997PLC112262. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Blend Financial Services has 9 court cases on record: 9 filed by the company. 2 are pending. Most are in the high courts.
Blend Financial Services was incorporated on 04 December 1997, making it 29+ years old. It is registered with the Registrar of Companies, Mumbai.
Blend Financial Services has 11 deals on record (8 secondary share transfers, 3 funding rounds), with disclosed funding of ₹5.11 Cr; the latest was in March 2022.
The peers of Blend Financial Services by revenue are PSB Alliance Private Limited, Pinebridge Investments Capital India Private Limited, Deutsche Investor Services Private Limited, Monotype India Ltd, Drip Capital Services India LLP and 5 more, all in the BFSI industry (Other Financial Services).
Tity Thomas Placheri was appointed as Director on 02 Aug 2024. Summi Gupta ceased to be Company Secretary on 31 May 2024. Simi Mathew ceased to be Additional Director on 30 Sep 2019. Blend Financial Services has 19 board changes on record in total.