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Branchx India Limited - financial services in Thane, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹87.52 Cr
▲ 15% YoY
Net profit · FY 2024
₹5.4 Lakh
Net margin 0.1%
EBITDA · FY 2024
₹82.48 Lakh
EBITDA margin 0.9%
Authorised capital
₹40 Cr
Registered with MCA
Paid-up capital
₹30.94 Cr
Issued & subscribed
Open charges
₹18.64 Lakh
Secured borrowings
Company age
6 yrs
Est. 2020
Employees · EPFO
79
Provident fund records
About Branchx India Limited
Data last updated:
Branchx India Limited is a public limited company based in Thane, Maharashtra, India, recognised as a startup by DPIIT. It operates in the digital payment solutions segment of the financial services sector. It was incorporated on 18 June 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U66190MH2020PLC435404. Its GSTIN is 27AAJCB0510A1ZH (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹40 Cr and a paid-up capital of ₹30.94 Cr. It was formerly known as Branchx India Private Limited. It is led by directors including Sajid Thaikandi Jamal (Managing Director) and Afzal Mohammed Modak.
Its last annual general meeting (AGM) was held on 10 December 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Bsel Tech Park, Thane, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹87.52 Cr, a growth of 15% compared to the previous year. For the same year it recorded a net profit of ₹5.4 Lakh (net margin 0.1%) and EBITDA of ₹82.48 Lakh (EBITDA margin 0.9%). Revenue has declined at a compounded annual rate (CAGR) of 59% over three years.
The company has about 79 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: branchX. As per MCA filings, the company has open charges of ₹18.64 Lakh on record. Court records list 9 cases involving the company, including 6 filed by the company and 3 filed against it; 5 cases are pending. The company has 11 deals on record (6 secondary share transfers, 5 funding rounds), with disclosed funding of ₹25.39 Cr; the latest was in February 2024. The company has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 3 overdue payments to 3 micro and small suppliers.
Branchx India Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-UP-28-0015556). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website branchx.in.
Company details
CIN U66190MH2020PLC435404
Registration Number 435404
Incorporation Date 18 June 2020
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 10 December 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification MSME
Udyam Registration UDYAM-UP-28-0015556
CIN history
Branchx India has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U66190MH2020PLC435404, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U66190MH2020PLC435404 | Current |
| U72900UP2020PTC129678 | Previous |
| U26100MH2020PLC435404 | Previous |
Recognitions & Rankings of Branchx India
MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-UP-28-0015556
Contact details
Branchx India Limited's registered office is in Thane, Maharashtra.
- Social Media
- Apps
- Registered Address708 709 710 B Wing 7th Floor, Bsel Tech Park 30A Vashi, Thane, Maharashtra, India – 400703
- IndustryFinancial Services, Digital Payment Solutions
Comprehensive company report
Branchx India Limited - one report that includes everything
- 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
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Secure checkout · GST invoice included
Brands
Branchx India operates one associated brand: branchX. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| AI-powered neo-banking platform | branchx.in |
Financials of Branchx India Limited
FY 2025 filings availableBranchx India Limited reported revenue of ₹87.52 Cr (up 15% YoY) for FY 2024.
Revenue · FY 2024
₹87.52 Cr ▲ 15%
Net profit · FY 2024
₹5.4 Lakh margin 0.1%
EBITDA · FY 2024
₹82.48 Lakh margin 0.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 15%
3 years · compounded
▼ 59%
EBITDA CAGR growth
1 year
▲ 114%
3 years · compounded
▲ 5%
Revenue rose 15% in the latest year, though over three years it has declined at a compounded annual rate (CAGR) of 59%. EBITDA rose 114% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | 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 | ||||
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| Depreciation and Amortisation | ||||
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| Total Expenses | ||||
| EBITDA | ₹82.48 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹5.4 Lakh | |||
| Balance Sheet | ||||
| Share Capital | ||||
| Reserves and Surplus | ||||
| Net Worth (Total Equity) | ||||
| Long-term Borrowings | ||||
| Short-term Borrowings | ||||
| Trade Payables | ||||
| Total Liabilities | ||||
| Fixed Assets | ||||
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| Inventories | ||||
| Trade Receivables | ||||
| Cash and Bank Balance | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 0.9% | |||
| Net Profit Margin | 0.1% | |||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
| Return on Assets (ROA) | ||||
| Liquidity and Debt | ||||
| Current Ratio | ||||
| Quick Ratio | ||||
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| Receivable Days | ||||
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| Net Profit Growth | ||||
To see the full financial statements and ratios of Branchx India Limited, buy the company report.
Board of directors and KMP of Branchx India Limited
Branchx India Limited currently reports 8 directors and 2 key managerial personnel. 7 former directors have served the organization.
Current Directors and KMP
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Afzal Mohammed Modak Also directs: Benchmark Business Point LLP, Veefin Solutions Limited, Logo Infosoft Business Technology Private Limited and 4 more | Director | 25 Jun 2025 | 1 Years 3 Months | Current |
| Joji Mathew | Cfo | 01 Jul 2025 | 1 Years 3 Months | Current |
| Ankur Gupta Also directs: Globe Masterminding Private Limited, Heptley Webworks (OPC) Private Limited, Finovate Matrix India Private Limited and 2 more | Director | 17 Oct 2020 | 6 Years 0 Months | Current |
| Rahul Chandra Das | Director | 17 Oct 2020 | 6 Years 0 Months | Current |
| Sajid Thaikandi Jamal | Managing Director | 18 Jun 2020 | 6 Years 4 Months | Current |
| Rajesh Johnny | Ceo | 01 Mar 2025 | 1 Years 7 Months | Current |
Showing 6 of 10 current directors and KMP. View all directors and KMP
Charges & borrowings
Open charges
₹18.64 Lakh
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Jul 2022 | 100616606 | Hdfc Bank Limited | ₹18.64 Lakh | Open |
Total charge records: 1 View all charges
Deals & funding
Branchx India Limited has 11 deals on record (6 secondary share transfers, 5 funding rounds), with disclosed funding of ₹25.39 Cr; the latest was in February 2024.
Total deals
11
Secondary share transfers
6
Funding rounds
5
Disclosed funding
₹25.39 Cr
Deals on record (5 of 11)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2024 | Secondary share transfer | Undisclosed | Buyer: Uma Chaturvedi Holdings Private Limited Seller: an individual |
| Nov 2023 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Aug 2023 | Funding round | ₹10.09 Cr | Investors: GSF Management LLC, Motlekar Astral Services and Transformation Limited, 2 individuals |
| Mar 2023 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: GSF Management LLC |
| Jun 2022 | Funding round | ₹9.72 Cr | Investors: GSF Management LLC, 3 individuals |
To see the full deal history of Branchx India Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Branchx India Limited has 9 court cases on record: 6 filed by Branchx India, 3 filed against it. 5 cases are pending and 4 are disposed.
Total cases
9
Filed by the company
6
Filed against the company
3
Pending
5
Disposed
4
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 6 | 0 | 2 |
| District courts | 3 | 3 | 3 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Writ petition | Filed by the company against Icici Bank Limited and 2 others | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by an individual | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by an individual | Pending |
| High Court | Court case (Con.Case(C)) | Filed by the company against an individual | Pending |
| High Court | Writ petition | Filed by the company against individuals | Pending |
To see the full case history of Branchx India Limited, buy the company report.
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.
MSME payment delays
Branchx India Limited has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 3 overdue payments to 3 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (3 of 3)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Antino Labs Private Limited | |||
| Greytip Software Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Branchx India Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Branchx India has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAJCB0510A1ZH | Maharashtra | Active | 14 Nov 2023 |
| 09AAJCB0510A1ZF | Uttar Pradesh | Active | 11 Dec 2020 |
To see the full GST registrations and return filing status of Branchx India Limited, buy the company report.
Recent activity
Branchx India Limited has 17 board changes on record since 2020: 10 appointments and 7 cessations. The latest: Afzal Mohammed Modak ceased to be Additional Director on 09 Dec 2025.
AGM
Branchx India Limited last Annual general meeting of members was held on 10 Dec 2025 as per latest MCA records.
Ceased
Afzal Mohammed Modak ceased to be Additional Director.
Ceased
Ankush Mittal ceased to be Additional Director.
Ceased
Bhavesh Jitendra Shah ceased to be Additional Director.
Appointed
Rohit Ajit Dandekar was appointed as Additional Director.
Appointed
Joji Mathew was appointed as CFO.
Appointed
Abdul Khaliq Soodanath Ahmed was appointed as Director.
Ceased
Abdul Khaliq Soodanath Ahmed ceased to be Director.
Appointed
Afzal Mohammed Modak was appointed as Director.
Appointed
Bhavesh Jitendra Shah was appointed as Director.
Appointed
Ankush Mittal was appointed as Director.
Filing
Branchx India Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai Ii.
9 earlier events are in the company report.
News
Frequently asked questions
Branchx India is an active public limited company based in Thane, Maharashtra, India. The company works in digital payment solutions, within the financial services industry. It was incorporated on 18 June 2020 (6+ years old) and is registered under CIN U66190MH2020PLC435404.
Branchx India has 10 current directors and KMP:
- Sajid Thaikandi Jamal - Managing Director
- Afzal Mohammed Modak - Director
- Ankur Gupta - Director
- Rahul Chandra Das - Director
- Ankush Mittal - Director
- Bhavesh Jitendra Shah - Director
- Abdul Khaliq Soodanath Ahmed - Director
- Rohit Ajit Dandekar - Additional Director
- Joji Mathew - Cfo
- Rajesh Johnny - Ceo
The latest financial statements of Branchx India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 10 December 2025. Year-wise statements from FY 2021 are in the company report.
The GSTIN of Branchx India is 27AAJCB0510A1ZH, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 09AAJCB0510A1ZF (Uttar Pradesh).
The CIN (Corporate Identification Number) of Branchx India is U66190MH2020PLC435404. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Branchx India has 9 court cases on record: 6 filed by the company and 3 filed against it. 5 are pending. Most are in the high courts.
Branchx India was incorporated on 18 June 2020, making it 6+ years old. It is registered with the Registrar of Companies, Mumbai.
Branchx India has 11 deals on record (6 secondary share transfers, 5 funding rounds), with disclosed funding of ₹25.39 Cr; the latest was in February 2024.
Afzal Mohammed Modak ceased to be Additional Director on 09 Dec 2025. Ankush Mittal ceased to be Additional Director on 09 Dec 2025. Bhavesh Jitendra Shah ceased to be Additional Director on 09 Dec 2025. Branchx India has 17 board changes on record in total.
Yes, Branchx India is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Branchx India is registered as an MSME under Udyam registration (number: UDYAM-UP-28-0015556).