About Eql Financial Technologies Private Limited
Data last updated: 06 February 2026
Eql Financial Technologies Private Limited is a private limited company based in Egmore Nungambakkam, Tamil Nadu, India. It specialises in online financial services, a part of the broader internet and digital services sector. Incorporated on 19 June 2007, the company has been in operation for over 19 years.
Registered with ROC Chennai under CIN U65191TN2007PTC064017.
Capital: an authorised share capital of ₹2.8 Cr and a paid-up capital of ₹2.32 Cr. Formerly known as Verve Financial Services Private Limited and Lionel Consultancy Private Limited. It is led by directors Lionel Jeshuran Charles and Ramasamy Sangilirajan.
Last AGM: 30 September 2025. Financial statements filed for year ended 31 March 2025. Office: Egmore Nungambakkam, 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.
The company has a workforce of approximately 149 employees as per the latest available data. Its group structure includes 3 subsidiaries.
The company is associated with 3 brands - Eql Fintech, Verve Financial Services, Indiafilings. As per MCA filings, the company has open charges of ₹5 Cr and satisfied charges of ₹13.7 Cr on record.
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.
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Registered AddressSenar Riviera No.408/7 Door No.70, Spur Tank Road, Egmore Nungambakkam, Tamil Nadu, India – 600031
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IndustryInternet, Online Financial Services
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Name History of Eql Financial Technologies Private Limited
Eql Financial Technologies Private Limited 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, reflecting the company's evolution and rebranding over time.
| Company Name | Status |
|---|---|
| Eql Financial Technologies Private Limited | Current |
| Verve Financial Services Private Limited | Previous |
| Lionel Consultancy Private Limited | Previous |
CIN History of Eql Financial Technologies Private Limited
Eql Financial Technologies Private Limited 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 |
Associated Brands with Eql Financial Technologies Private Limited
Eql Financial Technologies Private Limited operates multiple associated brands including EQL Fintech, VERVE Financial Services, and IndiaFilings. These brands represent Eql Financial Technologies Private Limited's diversified market presence and brand portfolio.
| 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 |
Competitors & Alternatives of Eql Financial Technologies Private Limited
Brands and companies operating in the same space as Eql Financial Technologies Private Limited include Stripe, Razorpay, PayU and 7 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
Stripe
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Payment processing and card issuance solutions are provided for businesses. | San Francisco, United States, United States | 2009 |
Razorpay
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Payment and business banking solutions are provided for enterprises. | Bengaluru, India, India | 2014 |
PayU
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Online payment processing and credit solutions are provided for businesses. | Amsterdam, Netherlands, Netherlands | 2002 |
Flutterwave
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Provider of payment processing solutions for businesses | San Francisco, United States, United States | 2016 |
BlackLine
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AI-based accounting processes are automated for businesses. | Los Angeles, United States, United States | 2001 |
Mintoak
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Digital payments and engagement solutions are offered for MSMEs. | Mumbai, India, India | 2017 |
Pine Labs
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Omnichannel payment solutions, loyalty programs, and business tools are provided. | Noida, India, India | 1998 |
Digits
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SMS-based customer authentication and verification services are provided across platforms. | San Francisco, United States, United States | 1995 |
Recko
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Cloud-based transaction management and reconciliation solutions are offered for businesses. | Dover, United States, United States | 2018 |
HighRadius
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Autonomous finance and payment solutions are provided to businesses. | Houston, United States, United States | 2006 |
Business Activity of Eql Financial Technologies Private Limited
Eql Financial Technologies Private Limited is engaged in the principal business activity of financial and insurance service, with detailed activities including 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 for Eql Financial Technologies Private Limited
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Eql Financial Technologies Private Limited
Eql Financial Technologies Private Limited is audited by S N M B AND ASSOCIATES for the financial year 2023. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S N M B AND ASSOCIATES | Locked | Locked | Locked |
Complete auditor history for Eql Financial Technologies Private Limited
Appointment status, appointment dates, cessation dates, and historical auditor changes require an active report plan.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Eql Financial Technologies Private Limited
Eql Financial Technologies Private Limited is currently managed by 2 directors, with 2 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Lionel Jeshuran Charles | Managing Director | 15 Oct 2010 | 15 Years 9 Months | Current |
| Ramasamy Sangilirajan | Director | 08 Jul 2025 | 1 Years 0 Months | Current |
Financials of Eql Financial Technologies Private Limited FY 2025 filings available
Eql Financial Technologies Private Limited reported revenue of ₹21.74 Cr (down 75.00% YoY) for FY 2025.
Ten-year financial statements for Eql Financial Technologies Private Limited
Historical statement values and trend charts require an active report plan.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Eql Financial Technologies Private Limited
Shareholding and ownership data for Eql Financial Technologies Private Limited
Promoter, institutional, public, and beneficial ownership values require an active report plan.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Group Structure of Eql Financial Technologies Private Limited
Eql Financial Technologies Private Limited has 3 subsidiary companies. This group structure data is as of FY 2023. The corporate group structure reflects Eql Financial Technologies Private Limited's business expansion strategy and organizational complexity.
| Company Name | CIN | Shares Held |
|---|---|---|
| Indiafilings Private Limited | U67190TN2014PTC096978 | Locked |
| Ledgers It Services Private Limited | U72900TN2018PTC123728 | Locked |
| Eql Fintech Private Limited | U72900TN2020PTC133579 | Locked |
Showing major subsidiaries. Total: 3.
Charges & Borrowings of Eql Financial Technologies Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 23 Jul 2025 | Indian Overseas Bank | ₹5 Cr | Open |
| 29 Oct 2022 | Others | ₹5 Cr | Satisfied |
| 20 Jan 2020 | Others | ₹13.33 Lakh | Satisfied |
| 23 Nov 2019 | Others | ₹21.7 Lakh | Satisfied |
| 07 Nov 2019 | Others | ₹34.37 Lakh | Satisfied |
Total charge records: 11 View all charges
Employees and EPFO Compliance at Eql Financial Technologies Private Limited
Eql Financial Technologies Private Limited has a workforce of 149 employees as of Apr 02, 2024.
Employee and EPFO history for Eql Financial Technologies Private Limited
Monthly headcount, contribution history, establishment records, and filing compliance require an active report plan.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
GST Compliance of Eql Financial Technologies Private Limited
GST registrations and filing compliance for Eql Financial Technologies Private Limited
State-wise registrations, return filing status, HSN and SAC details, and jurisdiction records require an active report plan.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
Credit Ratings, Litigation & Regulatory Alerts for Eql Financial Technologies Private Limited
Credit ratings, litigation, and regulatory alerts for Eql Financial Technologies Private Limited
Agency ratings, court records, regulatory events, and entity-specific compliance alerts require an active report plan.
- 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 Eql Financial Technologies Private Limited
MSME payment history for Eql Financial Technologies Private Limited
Amounts outstanding to micro and small suppliers, delay reasons, and MSME-1 filing history require an active report plan.
- 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 Eql Financial Technologies Private Limited
Corporate group structure for Eql Financial Technologies Private Limited
Parent, subsidiary, associate, joint venture, and ownership records require an active report plan.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Eql Financial Technologies Private Limited
MCA filings and documents for Eql Financial Technologies Private Limited
Official forms, annual returns, financial statements, charge filings, and document dates require an active report plan.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Recent Activity on Eql Financial Technologies Private Limited
Recent News on Eql Financial Technologies Private Limited
Frequently Asked Questions about Eql Financial Technologies Private Limited
Eql Financial Technologies Private Limited is an active private limited company in the internet sector based in Egmore Nungambakkam, Tamil Nadu, India. It was incorporated on 19 June 2007 (19+ years old) and is registered under CIN U65191TN2007PTC064017. The company has 149 employees.
Eql Financial Technologies Private Limited reported revenue of ₹21.74 Cr for FY 2025 (down 75.00% YoY).
The current directors of Eql Financial Technologies Private Limited are:
- Lionel Jeshuran Charles - Managing Director
- Ramasamy Sangilirajan - Director
The primary industry of Eql Financial Technologies Private Limited is internet. The company specifically operates in online financial services. The company is currently active in this sector.
Eql Financial Technologies Private Limited can be reached at the registered office: Senar Riviera No.4087 Door No.70, Spur Tank Road, Egmore Nungambakkam, Tamil Nadu, India – 600031, or through the website verveindia.com.
The authorised capital is ₹2.8 Cr, and the paid-up capital is ₹2.32 Cr.