About Eql Financial Technologies Private Limited
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Eql Financial Technologies Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the online financial services segment of the internet and digital services sector. It was incorporated on 19 June 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U65191TN2007PTC064017. Its GSTIN is 33AABCL3984G2ZH (Tamil Nadu). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹2.8 Cr and a paid-up capital of ₹2.32 Cr. It was formerly known as Verve Financial Services Private Limited and Lionel Consultancy Private Limited. It is led by directors Lionel Jeshuran Charles (Managing Director) and Ramasamy Sangilirajan.
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 Chennai, Tamil Nadu.
As per the financials filed for FY 2025, the company reported a revenue of ₹21.74 Cr, a decline of 75% compared to the previous year. For the same year it recorded a net profit of ₹1.91 Cr (net margin 8.8%) and EBITDA of ₹5.89 Cr (EBITDA margin 27.1%). Revenue has declined at a compounded annual rate (CAGR) of 21% over three years and 13% over five years.
The company has about 149 employees on its provident fund (EPFO) records. Its group structure includes 3 subsidiaries.
The company is associated with 3 brands: EQL Fintech, VERVE Financial Services and IndiaFilings. As per MCA filings, the company has open charges of ₹5 Cr and satisfied charges of ₹13.7 Cr on record. Court records list 5 cases involving the company, including 3 filed by the company and 2 filed against it; 3 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website verveindia.com.
Company details
Name history
Eql Financial Technologies has undergone 2 name changes throughout its history. The company was previously known as Verve Financial Services Private Limited, and Lionel Consultancy Private Limited. The current legal name is Eql Financial Technologies Private Limited.
| Company Name | Status |
|---|---|
| Eql Financial Technologies Private Limited | Current |
| Verve Financial Services Private Limited | Previous |
| Lionel Consultancy Private Limited | Previous |
CIN history
Eql Financial Technologies has one previous CIN (Corporate Identification Number): U74140TN2007PTC064017. The current CIN is U65191TN2007PTC064017, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65191TN2007PTC064017 | Current |
| U74140TN2007PTC064017 | Previous |
Contact details
Eql Financial Technologies Private Limited's registered office is in Chennai, Tamil Nadu. Its website is verveindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressSenar Riviera No.408/7 Door No.70, Spur Tank Road, Chennai, Tamil Nadu, India – 600031
- IndustryInternet, Online Financial Services
To see the full contact details of Eql Financial Technologies 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
Eql Financial Technologies operates multiple associated brands including EQL Fintech, VERVE Financial Services, and IndiaFilings. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides white-labeled payment cards for families and businesses. | eql.app | |
| Provider of capital, financial advisory, corporate tax planning, and technology services | verveindia.com | |
| Provider of legal and professional services for entrepreneurs, small businesses, and individuals, offering solutions for company registration, trademark filing, GST registration, income tax filing, and other compliance needs | indiafilings.com |
Business activity
The main business activity of Eql Financial Technologies is financial and insurance service. In detail, this covers financial advisory, brokerage and consultancy services.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K7 | Financial Advisory, brokerage and Consultancy Services |
To see the full business activity and turnover split of Eql Financial Technologies Private Limited, buy the company report.
Financials of Eql Financial Technologies Private Limited
FY 2025 filings availableEql Financial Technologies Private Limited reported revenue of ₹21.74 Cr (down 75% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 13% over five years, including a 75% fall in the latest year. EBITDA rose 210% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹5.89 Cr | ||||
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| Net Profit (PAT) | ₹1.91 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 27.1% | ||||
| Net Profit Margin | 8.8% | ||||
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To see the full financial statements and ratios of Eql Financial Technologies Private Limited, buy the company report.
Board of directors of Eql Financial Technologies Private Limited
Eql Financial Technologies has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Lionel Jeshuran Charles | Managing Director | 15 Oct 2010 | 16 Years 0 Months | Current |
| Ramasamy Sangilirajan | Director | 08 Jul 2025 | 1 Years 3 Months | Current |
Auditor
Eql Financial Technologies Private Limited is audited by S N M B AND ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S N M B AND ASSOCIATES | FY 2023 | 008966S |
Shareholding
The shareholding of Eql Financial Technologies Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Eql Financial Technologies Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Jul 2025 | 101145327 | Indian Overseas Bank | ₹5 Cr | Open | |
| 29 Oct 2022 | 100660386 | Others | ₹5 Cr | Satisfied | |
| 20 Jan 2020 | 100319809 | Others | ₹13.33 Lakh | Satisfied | |
| 23 Nov 2019 | 100304532 | Others | ₹21.7 Lakh | Satisfied | |
| 07 Nov 2019 | 100298618 | Others | ₹34.37 Lakh | Satisfied |
To see the full charge records of Eql Financial Technologies Private Limited, buy the company report.
Total charge records: 11 View all charges
Legal cases
Eql Financial Technologies Private Limited has 5 court cases on record: 3 filed by Eql Financial Technologies, 2 filed against it. 3 cases are pending and 2 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 4 | 1 | 3 |
| District courts | 1 | 1 | 0 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Chennai, Tamil Nadu | Civil suit | Filed against the company by Visionkrid Studio Pvt Ltd | Disposed |
| Madras High Court | Civil suit | Filed by the company against an individual | Pending |
| Madras High Court | Original application | Filed by the company against an individual | Pending |
| High Court, CHHATTISGARH | Writ petition | Filed against the company by an individual | Pending |
| Madras High Court | Appeal | Filed by the company against an individual | Disposed |
To see the full case history of Eql Financial 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
No delayed payments to MSME suppliers are on our record for Eql Financial Technologies Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Eql Financial Technologies has 3 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Indiafilings Private Limited | U67190TN2014PTC096978 | |
| Ledgers IT Services Private Limited | U72900TN2018PTC123728 | |
| Eql Fintech Private Limited | U72900TN2020PTC133579 |
To see the full group structure of Eql Financial Technologies Private Limited, buy the company report.
Employees & EPFO
Eql Financial Technologies Private Limited has a workforce of 149 employees on its EPFO records as of Apr 02, 2024, across 1 active EPFO establishment.
GST
Eql Financial Technologies has 3 GST registrations: 2 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AABCL3984G2ZH | Tamil Nadu | Active | 01 Jul 2017 |
| 27AABCL3984G1ZB | Maharashtra | Active | 11 Oct 2020 |
To see the full GST registrations and return filing status of Eql Financial Technologies Private Limited, buy the company report.
Recent activity
Eql Financial Technologies Private Limited has 6 board changes on record since 2007: 4 appointments and 2 cessations. The latest: Ramasamy Sangilirajan was appointed as Director on 08 Jul 2025.
22 earlier events are in the company report.
Frequently asked questions
Eql Financial Technologies is an active private limited company based in Chennai, Tamil Nadu, India. The company works in online financial services, within the internet industry. It was incorporated on 19 June 2007 (19+ years old) and is registered under CIN U65191TN2007PTC064017.
Eql Financial Technologies has 2 current directors:
- Lionel Jeshuran Charles - Managing Director
- Ramasamy Sangilirajan - Director
The latest financial statements of Eql Financial Technologies 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 Eql Financial Technologies is 33AABCL3984G2ZH, registered in Tamil Nadu. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 27AABCL3984G1ZB (Maharashtra).
The CIN (Corporate Identification Number) of Eql Financial Technologies is U65191TN2007PTC064017. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Eql Financial Technologies has 5 court cases on record: 3 filed by the company and 2 filed against it. 3 are pending. Most are in the high courts.
Eql Financial Technologies was incorporated on 19 June 2007, making it 19+ years old. It is registered with the Registrar of Companies, Chennai.
Ramasamy Sangilirajan was appointed as Director on 08 Jul 2025. Shuba Charles ceased to be Director on 08 Jul 2025. Charles Shilpa Carol ceased to be Director on 12 Dec 2012. Eql Financial Technologies has 6 board changes on record in total.
Eql Financial Technologies can be reached through the website verveindia.com. Its registered office is in Chennai, Tamil Nadu, India.
The registered office of Eql Financial Technologies is at Senar Riviera No.4087 Door No.70, Spur Tank Road, Chennai, Tamil Nadu, India – 600031.
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