About Capfloat Financial Services Private Limited
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Capfloat Financial Services Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the non-banking financial services (NBFC) segment of the financial services sector. It was incorporated on 06 October 1993 and has been in existence for over 33 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65993KA1993PTC074590. Its GSTIN is 07AAACZ0903G1ZN (Delhi). The company holds 4 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹111.47 Cr and a paid-up capital of ₹10.08 Cr. It was formerly known as Zen Lefin Private Limited and Zen Lefin Pvt Ltd. It is led by directors including Venkataraman Murali and Mohamed Salim Asaria.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2024, the company reported a revenue of ₹383.94 Cr, a growth of 75% compared to the previous year. For the same year it recorded a net loss of ₹17.58 Cr (net margin -4.6%) and EBITDA of ₹89.33 Cr (EBITDA margin 23.3%). Revenue has grown at a compounded annual rate (CAGR) of 46% over three years and 9% over five years.
The company has about 357 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.
The company is associated with 2 brands: Axio and Axio. As per MCA filings, the company has open charges of ₹456.56 Cr and satisfied charges of ₹3,774.32 Cr on record. Court records list 529 cases involving the company, including 412 filed by the company and 117 filed against it; 62 cases are pending. The company has 17 deals on record (12 funding rounds, 4 secondary share transfers, 1 acquisition), with disclosed funding of ₹1,435.42 Cr; the latest was in September 2025. The company has 7 MSME Form 1 returns on record between 2022 and 2024, listing 178 overdue payments to 29 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website capitalfloat.com.
Company details
Name history
Capfloat Financial Services has undergone 2 name changes throughout its history. The company was previously known as Zen Lefin Private Limited, and Zen Lefin Pvt Ltd. The current legal name is Capfloat Financial Services Private Limited.
| Company Name | Status |
|---|---|
| Capfloat Financial Services Private Limited | Current |
| Zen Lefin Private Limited | Previous |
| Zen Lefin Pvt Ltd | Previous |
CIN history
Capfloat Financial Services has one previous CIN (Corporate Identification Number): U65993WB1993PTC060354. The current CIN is U65993KA1993PTC074590, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65993KA1993PTC074590 | Current |
| U65993WB1993PTC060354 | Previous |
Contact details
Capfloat Financial Services Private Limited's registered office is in Bangalore, Karnataka. Its website is capitalfloat.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNew No 3. (Old 211) Gokaldas Platinum Upper Palace Orchards Bellary Road Sad, Ashivnagar, Bangalore, Karnataka, India – 560080
- IndustryFinancial Services, NBFC, Investment & Credit NBFC
To see the full contact details of Capfloat Financial Services Private Limited, buy the company report.
- 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
Brands
Capfloat Financial Services operates two associated brands: axio and axio. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Personal SMS inbox assistant and mobile expense tracker provided. | getwalnut.com | |
| An online lending platform for point-of-sale financing is provided. | axio.co.in |
Business activity
The main business activity of Capfloat Financial Services is financial and insurance service. In detail, this covers financial and credit leasing activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K5 | Financial and Credit leasing activities |
To see the full business activity and turnover split of Capfloat Financial Services Private Limited, buy the company report.
Financials of Capfloat Financial Services Private Limited
FY 2025 filings availableCapfloat Financial Services Private Limited reported revenue of ₹383.94 Cr (up 75% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 9% over five years, including 75% growth in the latest year. EBITDA rose 306% 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 | FY 2019-20 |
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| EBITDA | ₹89.33 Cr | ||||
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| Net Profit (PAT) | -₹17.58 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 23.3% | ||||
| Net Profit Margin | -4.6% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Capfloat Financial Services Private Limited, buy the company report.
Board of directors of Capfloat Financial Services Private Limited
Capfloat Financial Services has 8 current directors and 25 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Venkataraman Murali | Director | 29 Jun 2019 | 7 Years 3 Months | Current |
| Mohamed Salim Asaria | Director | 30 Sep 2025 | 1 Years 0 Months | Current |
| Mahendra Jaywant Nerurkar | Director | 03 Sep 2025 | 1 Years 1 Months | Current |
| Mahavir Jindal | Director | 03 Sep 2025 | 1 Years 1 Months | Current |
| Preetham Nagaraja Murthy | Director | 11 Sep 2025 | 1 Years 1 Months | Current |
| Gaurav Dinesh Hinduja Also directs: GDN Estates LLP, Gaurav Sashank Bangalore Financial Ventures Private Limited, Axio Digital Private Limited and 1 more | Director | 21 Oct 2013 | 13 Years 0 Months | Current |
Auditor
Capfloat Financial Services Private Limited is audited by S.R. BATLIBOI & CO. LLP for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.R. BATLIBOI & CO. LLP | FY 2019 | 301003E |
Shareholding
The shareholding of Capfloat Financial Services Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Capfloat Financial Services Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 06 Feb 2025 | 101145609 | Others | ₹5 Cr | Open | |
| 25 Nov 2024 | 101010321 | Others | ₹20 Cr | Open | |
| 27 Sep 2024 | 101154308 | Others | ₹4.15 Cr | Open | |
| 06 Sep 2024 | 101152968 | Idbi Trusteeship Services Limited | ₹7 Cr | Open | |
| 22 Aug 2024 | 101154288 | Idbi Trusteeship Services Limited | ₹2 Cr | Open |
To see the full charge records of Capfloat Financial Services Private Limited, buy the company report.
Total charge records: 276 View all charges
Deals & funding
Capfloat Financial Services Private Limited has 17 deals on record (12 funding rounds, 4 secondary share transfers, 1 acquisition), with disclosed funding of ₹1,435.42 Cr; the latest was in September 2025.
Deals on record (5 of 17)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2025 | Acquisition | ₹1,763.8 Cr | Buyer: Amazon Retail India Private Limited |
| Aug 2024 | Funding round · Series G | ₹166 Cr | Investors: Amazon Smbhav Venture Fund, 2 individuals |
| Aug 2019 | Secondary share transfer | Undisclosed | Buyer: The Soros Economic Development Fund Seller: Lightrock India (LGT Lightstone Aspada) |
| Jun 2018 | Secondary share transfer | Undisclosed | Buyer: Amazon Smbhav Venture Fund Seller: Dinesh Hinduja Family Office |
| Jun 2013 | Secondary share transfer | Undisclosed | Buyer: Shyam Computers Private Limited, 3 individuals Seller: Kirti Commodities Pvt. Ltd. , Orchid Securities Private Limited , Venkateswaraa Developers Private Limited , an individual |
To see the full deal history of Capfloat Financial Services Private 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
Capfloat Financial Services Private Limited has 529 court cases on record: 412 filed by Capfloat Financial Services, 117 filed against it. 62 cases are pending and 467 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 479 | 71 | 53 |
| High courts | 43 | 41 | 5 |
| NCLAT | 6 | 4 | 4 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 529)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Sunny Sports Industries LLP | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against M/S Adinath Silks Pvt Ltd | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against M/S Billionsmiles Hospitality Pvt Ltd | Disposed |
| District court, Medchal Malkajgiri, Telangana | Civil suit | Filed against the company by an individual | Pending |
| High Court for State of Telangana | Writ petition | Filed against the company | Pending |
To see the full case history of Capfloat Financial Services Private 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.
Credit ratings & regulatory alerts
Capfloat Financial Services Private Limited was last rated by Indiarating on 02 Sep 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Indiarating | 02 Sep 2022 |
To see the full credit ratings and regulatory alerts of Capfloat Financial Services Private Limited, buy the company report.
MSME payment delays
Capfloat Financial Services Private Limited has 7 MSME Form 1 returns on record between 2022 and 2024, listing 178 overdue payments to 29 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 (5 of 29)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Clear Touch Connect Private Limited | |||
| Catalyst Trusteeship Limited | |||
| Teamlease Regtech Private Limited | |||
| an individual supplier | |||
| Desibel |
To see the full MSME payment records of Capfloat Financial Services Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Capfloat Financial Services has 2 subsidiary companies. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Axio Capital Private Limited | U65990KA2022PTC165494 | |
| Axio Digital Private Limited | U72900PN2014PTC153050 |
To see the full group structure of Capfloat Financial Services Private Limited, buy the company report.
Employees & EPFO
Capfloat Financial Services Private Limited has a workforce of 357 employees on its EPFO records as of Jan 14, 2025, across 1 active EPFO establishment.
GST
Capfloat Financial Services has 4 GST registrations: 2 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAACZ0903G1ZN | Delhi | Active | 25 Jul 2017 |
| 27AAACZ0903G1ZL | Maharashtra | Active | 10 Oct 2017 |
To see the full GST registrations and return filing status of Capfloat Financial Services Private Limited, buy the company report.
Recent activity
Capfloat Financial Services Private Limited has 29 board changes on record since 2013: 11 appointments and 18 cessations. The latest: Balaji Mani was appointed as Additional Director on 17 Nov 2025.
500 earlier events are in the company report.
News
Frequently asked questions
Capfloat Financial Services is an active private limited company based in Bangalore, Karnataka, India. The company works in nbfc, within the financial services industry. It was incorporated on 06 October 1993 (33+ years old) and is registered under CIN U65993KA1993PTC074590.
Capfloat Financial Services has 8 current directors:
- Venkataraman Murali - Director
- Mohamed Salim Asaria - Director
- Mahendra Jaywant Nerurkar - Director
- Mahavir Jindal - Director
- Preetham Nagaraja Murthy - Director
- Gaurav Dinesh Hinduja - Director
- Sashank Ramasubban Rishyasringa - Director
- Nirav Ashwin Kamdar - Director
The latest financial statements of Capfloat Financial Services on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Capfloat Financial Services is 07AAACZ0903G1ZN, registered in Delhi. The company has 4 GST registrations in all, of which 2 are active and 2 are cancelled or inactive. Other active GSTINs include 27AAACZ0903G1ZL (Maharashtra).
The CIN (Corporate Identification Number) of Capfloat Financial Services is U65993KA1993PTC074590. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Capfloat Financial Services has 529 court cases on record: 412 filed by the company and 117 filed against it. 62 are pending. Most are in the district courts.
Capfloat Financial Services was incorporated on 06 October 1993, making it 33+ years old. It is registered with the Registrar of Companies, Bangalore.
Capfloat Financial Services has 17 deals on record (12 funding rounds, 4 secondary share transfers, 1 acquisition), with disclosed funding of ₹1,435.42 Cr; the latest was in September 2025.
Balaji Mani was appointed as Additional Director on 17 Nov 2025. Mohamed Salim Asaria was appointed as Director on 30 Sep 2025. Mahavir Jindal ceased to be Additional Director on 29 Sep 2025. Capfloat Financial Services has 29 board changes on record in total.
Capfloat Financial Services has 7 MSME Form 1 returns on record between 2022 and 2024, listing 178 overdue payments to 29 micro and small suppliers. The latest return was filed on 29 Apr 2024.
Capfloat Financial Services can be reached through the website capitalfloat.com. Its registered office is in Bangalore, Karnataka, India.