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Epifi Technologies Private Limited - financial services in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹76.59 Cr
▲ 20% YoY
Net loss · FY 2024
₹253.25 Cr
Net margin -330.7%
EBITDA · FY 2024
-₹238.92 Cr
EBITDA margin -311.9%
Authorised capital
₹2.29 Cr
Registered with MCA
Paid-up capital
₹1.61 Cr
Issued & subscribed
Open charges
₹5 Lakh
Secured borrowings
Company age
7 yrs
Est. 2019
Employees · EPFO
307
Provident fund records
About Epifi Technologies Private Limited
Data last updated:
Epifi Technologies Private Limited is a private limited company based in Bangalore, Karnataka, India, recognised as a startup by DPIIT. It operates in the digital payment solutions segment of the financial services sector. It was incorporated on 29 May 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U62099KA2019PTC124770. Its GSTIN is 29AAFCE5072N1Z4 (Karnataka).
The company has an authorised share capital of ₹2.29 Cr and a paid-up capital of ₹1.61 Cr. It is led by directors including Sumit Gwalani and Sujith Narayanan Kutty.
Its last annual general meeting (AGM) was held on 15 November 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2024, the company reported a revenue of ₹76.59 Cr, a growth of 20% compared to the previous year. For the same year it recorded a net loss of ₹253.25 Cr (net margin -330.7%) and EBITDA of -₹238.92 Cr (EBITDA margin -311.9%). Revenue has grown at a compounded annual rate (CAGR) of 292% over three years.
The company has about 307 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Fi Money. As per MCA filings, the company has open charges of ₹5 Lakh on record. Court records list 9 cases involving the company, including 3 filed by the company and 6 filed against it; 1 case is pending. The company has 7 deals on record (4 funding rounds, 2 secondary share transfers, 1 rights issue), with disclosed funding of ₹1,122.44 Cr; the latest was in July 2022. The company has 2 MSME Form 1 returns on record between 2022 and 2024, listing 32 overdue payments to 17 micro and small suppliers.
For more details, the company can be reached via its website fi.money.
Company details
CIN U62099KA2019PTC124770
Registration Number 124770
Incorporation Date 29 May 2019
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 15 November 2024
Date of Balance Sheet 31 March 2024
DPIIT Recognition Recognised Startup
CIN history
Epifi Technologies has one previous CIN (Corporate Identification Number): U72900KA2019PTC124770. The current CIN is U62099KA2019PTC124770, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U62099KA2019PTC124770 | Current |
| U72900KA2019PTC124770 | Previous |
Recognitions & Rankings of Epifi Technologies
Contact details
Epifi Technologies Private Limited's registered office is in Bangalore, Karnataka.
- Social Media
- Registered AddressSalarpuria Sattva Knowledge Court Survey No. 77 Plot No.9 06th Floor Doddenakundi Kr P, Uram Hobli, Bangalore, Karnataka, India – 560048
- IndustryFinancial Services, Digital Payment Solutions
Comprehensive company report
Epifi Technologies Private 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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Business activity
The main business activity of Epifi Technologies is information and communication. In detail, this covers publishing of computer operating systems, system software, application software, games, etc..
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J2 | Publishing of computer operating systems, system software, application software, games, etc. |
To see the full business activity and turnover split of Epifi Technologies Private Limited, buy the company report.
Financials of Epifi Technologies Private Limited
FY 2024 filings availableEpifi Technologies Private Limited reported revenue of ₹76.59 Cr (up 20% YoY) for FY 2024.
Revenue · FY 2024
₹76.59 Cr ▲ 20%
Net loss · FY 2024
₹253.25 Cr margin -330.7%
EBITDA · FY 2024
-₹238.92 Cr margin -311.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 20%
3 years · compounded
▲ 292%
EBITDA CAGR growth
1 year
▲ 17%
3 years · compounded
▼ 69%
Revenue has grown at a compounded annual rate (CAGR) of 292% over three years, including 20% growth in the latest year. EBITDA rose 17% 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 | -₹238.92 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹253.25 Cr | ||||
| Balance Sheet | |||||
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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 | -311.9% | ||||
| Net Profit Margin | -330.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Epifi Technologies Private Limited, buy the company report.
Board of directors of Epifi Technologies Private Limited
Epifi Technologies has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sumit Gwalani Also directs: Workloom Solutions Private Limited, Fi Capital Private Limited, Epifi Wealth Private Limited and 3 more | Director | 29 May 2019 | 7 Years 5 Months | Current |
| Utsav Mitra Also directs: Hampshire House Management LLP, Advanta Enterprises Limited, Mensa Brand Technologies Private Limited and 3 more | Nominee Director | 15 Jul 2024 | 2 Years 3 Months | Current |
| Sujith Narayanan Kutty Also directs: Workloom Solutions Private Limited, Fi Capital Private Limited, Epifi Wealth Private Limited and 4 more | Director | 29 May 2019 | 7 Years 5 Months | Current |
Charges & borrowings
Open charges
₹5 Lakh
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Jan 2025 | 101039715 | The Hongkong and Shanghai Banking Corporation Limited | ₹5 Lakh | Open |
Total charge records: 1 View all charges
Deals & funding
Epifi Technologies Private Limited has 7 deals on record (4 funding rounds, 2 secondary share transfers, 1 rights issue), with disclosed funding of ₹1,122.44 Cr; the latest was in July 2022.
Total deals
7
Funding rounds
4
Secondary share transfers
2
Rights issue
1
Disclosed funding
₹1,122.44 Cr
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2022 | Funding round · Series C | ₹568.08 Cr | Investors: Alpha Wave Global, Temasek, B Capital |
| May 2022 | Secondary share transfer | Undisclosed | Buyer: Alpha Wave Global Seller: 4 individuals |
| Apr 2022 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 2 individuals |
| Nov 2021 | Funding round · Series B | ₹370.82 Cr | Investors: GIC Singapore, B Capital, Alpha Wave Global |
| Oct 2019 | Funding round · Series A | ₹95.35 Cr | Investors: Ribbit Capital, Peak XV Partners (Sequoia India and SEA), Hillhouse Capital |
To see the full deal history of Epifi Technologies 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
Epifi Technologies Private Limited has 9 court cases on record: 3 filed by Epifi Technologies, 6 filed against it. 1 case is pending and 8 are disposed.
Total cases
9
Filed by the company
3
Filed against the company
6
Pending
1
Disposed
8
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 7 | 6 | 1 |
| District courts | 2 | 0 | 0 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (CARBP) | Filed against the company by Innofin Solutions Private Limited | Disposed |
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed by the company against Mipl Global Design Private Limited and 1 other | Disposed |
| High Court of Rajasthan | Writ petition | Filed against the company | Pending |
| High Court of Kerala | Writ petition | Filed against the company by an individual | Disposed |
| District court, Pune, Maharashtra | Criminal miscellaneous application | Filed by the company against an individual | Disposed |
To see the full case history of Epifi Technologies 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.
MSME payment delays
Epifi Technologies Private Limited has 2 MSME Form 1 returns on record between 2022 and 2024, listing 32 overdue payments to 17 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 17)
To see the full MSME payment records of Epifi Technologies Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Epifi Technologies has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAFCE5072N1Z4 | Karnataka | Active | 30 Jul 2019 |
To see the full GST registrations and return filing status of Epifi Technologies Private Limited, buy the company report.
Recent activity
Epifi Technologies Private Limited has 6 board changes on record since 2019: 3 appointments and 3 cessations. The latest: Shailesh Lakhani ceased to be Director on 22 Aug 2025.
Ceased
Shailesh Lakhani ceased to be Director.
Ceased
Meyer Malka ceased to be Director.
Charges
A charge with The Hongkong And Shanghai Banking Corporation Limited amounted to Rs. 0.05 Cr with Charge ID 101039715 was registered on 21 Jan 2025.
AGM
Epifi Technologies Private Limited last Annual general meeting of members was held on 15 Nov 2024 as per latest MCA records.
Appointed
Utsav Mitra was appointed as Nominee Director.
Filing
Epifi Technologies Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Ceased
Navroz Darius Udwadia ceased to be Nominee Director.
Appointed
Sujith Narayanan Kutty was appointed as Director.
Appointed
Sumit Gwalani was appointed as Director.
Incorporation
29 May 2019
Epifi Technologies Private Limited was registered on 29 May 2019 with Roc Bangalore & aged 7 years 5 months as per MCA records.
News
Frequently asked questions
Epifi Technologies is an active private limited company based in Bangalore, Karnataka, India. The company works in digital payment solutions, within the financial services industry. It was incorporated on 29 May 2019 (7+ years old) and is registered under CIN U62099KA2019PTC124770.
Epifi Technologies has 3 current directors:
- Sumit Gwalani - Director
- Utsav Mitra - Nominee Director
- Sujith Narayanan Kutty - Director
The latest financial statements of Epifi Technologies on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 15 November 2024. Year-wise statements from FY 2020 are in the company report.
The GSTIN of Epifi Technologies is 29AAFCE5072N1Z4, registered in Karnataka.
The CIN (Corporate Identification Number) of Epifi Technologies is U62099KA2019PTC124770. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Epifi Technologies has 9 court cases on record: 3 filed by the company and 6 filed against it. 1 is pending. Most are in the high courts.
Epifi Technologies was incorporated on 29 May 2019, making it 7+ years old. It is registered with the Registrar of Companies, Bangalore.
Epifi Technologies has 7 deals on record (4 funding rounds, 2 secondary share transfers, 1 rights issue), with disclosed funding of ₹1,122.44 Cr; the latest was in July 2022.
Shailesh Lakhani ceased to be Director on 22 Aug 2025. Meyer Malka ceased to be Director on 22 May 2025. Utsav Mitra was appointed as Nominee Director on 15 Jul 2024. Epifi Technologies has 6 board changes on record in total.
Yes, Epifi Technologies is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Epifi Technologies has 2 MSME Form 1 returns on record between 2022 and 2024, listing 32 overdue payments to 17 micro and small suppliers. The latest return was filed on 30 Apr 2024.
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