About FFPL Finserv Private Limited
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FFPL Finserv Private Limited is a private limited company based in Navi Mumbai, Maharashtra, India, a subsidiary of Fino Paytech Limited. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 08 March 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U66190MH1994PTC216496. Its GSTIN is 27AABCI0286N1ZA (Maharashtra). The company holds 9 GST registrations, of which 7 are active.
The company has an authorised share capital of ₹53.5 Cr and a paid-up capital of ₹47.58 Cr. It was formerly known as Intrepid Finance and Leasing Pvt Ltd and Intrepid Finance and Leasing Private Limited. It is led by directors Amit Kumar Jain (Whole-Time Director) and Srividya Venkataraman.
Its last annual general meeting (AGM) was held on 22 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Navi Mumbai, Maharashtra.
As per the financials filed for FY 2026, the company reported a revenue of ₹1.75 Cr, a growth of 16% compared to the previous year. For the same year it recorded a net loss of ₹4.16 Cr (net margin -237%) and EBITDA of -₹4.16 Cr (EBITDA margin -237%). Revenue has declined at a compounded annual rate (CAGR) of 28% over three years and 49% over five years.
The company has about 51 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Intrepid Finance and Leasing and Fino Finance. As per MCA filings, the company has satisfied charges of ₹1,166.19 Cr on record. Court records list 143 cases involving the company, including 143 filed by the company; 17 cases are pending. The company has 23 deals on record (13 funding rounds, 4 secondary share transfers, 3 rights issues), with disclosed funding of ₹40.65 Cr; the latest was in September 2021. Its 5 peer companies in the BFSI industry (Large NBFC, Micro Finance Institutions, Systemically Important Non Deposit NBFC), with the same principal business activity (other financial activities) are compared by revenue, 2 larger and 3 smaller; the largest is M Power Micro Finance Private Limited with revenue of ₹1.72 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website finofinance.in.
Company details
Name history
FFPL Finserv has undergone 3 name changes throughout its history. The company was previously known as Intrepid Finance And Leasing Pvt Ltd, Intrepid Finance And Leasing Private Limited, and Ffpl Finserv Private Limited. The current legal name is Ffpl Finserv Private Limited.
| Company Name | Status |
|---|---|
| FFPL Finserv Private Limited | Current |
| Intrepid Finance And Leasing Pvt Ltd | Previous |
| Intrepid Finance And Leasing Private Limited | Previous |
CIN history
FFPL Finserv has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U66190MH1994PTC216496, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U66190MH1994PTC216496 | Current |
| U65921MH1994PTC216496 | Previous |
| U65921MH1994PTC076977 | Previous |
Contact details
FFPL Finserv Private Limited's registered office is in Navi Mumbai, Maharashtra.
- Registered AddressMindspace Juinagar 9th Floor Plot No. Gen 2/1/F Tower 1 Ttc Industrial Area MIDC Shirwan, E Juinagar, Navi Mumbai, Maharashtra, India – 400706
- IndustryFinancial Services, Microfinance Institutions, NBFC
- 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
FFPL Finserv operates two associated brands: Intrepid Finance and Leasing and Fino Finance. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| A non-banking financial company (NBFC) providing microfinance loans to individuals. | intrepid.in | |
| Micro-credit and banking facilities are provided to underserved entrepreneurs. | finofinance.in |
Business activity
The main business activity of FFPL Finserv is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of FFPL Finserv Private Limited, buy the company report.
Financials of FFPL Finserv Private Limited
FY 2026 filings availableFFPL Finserv Private Limited reported revenue of ₹1.75 Cr (up 16% YoY) for FY 2026.
Compounded Annual Growth Rate (CAGR)
Revenue rose 16% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 49%. 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 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹1.75 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹4.16 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹4.16 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -237% | ||||
| Net Profit Margin | -237% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of FFPL Finserv Private Limited, buy the company report.
Board of directors and KMP of FFPL Finserv Private Limited
FFPL Finserv Private Limited currently reports 2 directors and 1 key managerial person. 18 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Suresh Balasubramanian Also directs: Fino Paytech Limited | Cfo | 27 Mar 2025 | 1 Years 7 Months | Current |
| Srividya Venkataraman Also directs: Hindustan Petroleum Corporation Limited, Bpcl-Kial Fuel Farm Private Limited, Hpcl-Mittal Energy Limited and 1 more | Nominee Director | 21 Oct 2022 | 4 Years 0 Months | Current |
| Amit Kumar Jain Also directs: Fino Paytech Limited, Fino Financial Services Private Limited, Fino Trusteeship Services Limited and 1 more | Whole-Time Director | 21 Jun 2023 | 3 Years 4 Months | Current |
Peer comparison
FFPL Finserv Private Limited is compared with the 5 companies closest to it by revenue in the BFSI industry (Large NBFC, Micro Finance Institutions, Systemically Important Non Deposit NBFC), with the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| FFPL Finserv Private Limitedthis company | ₹1.75 Cr (FY 2026) | -₹4.16 Cr | -237% | 16.0% | Navi Mumbai, Maharashtra, India | |
| M Power Micro Finance Private Limited | ₹1.72 Cr (FY 2024) | 86.0% | Mumbai, Maharashtra, India | |||
| Adhikar Microfinance Private Limited | ₹1.58 Cr (FY 2024) | -66.0% | Bhubaneswar, Odisha, India | |||
| Vivardhana Microfinance Limited | ₹1.51 Cr (FY 2025) | -62.0% | Chennai, Tamil Nadu, India | |||
| Dvara Kshetriya Gramin Financial Services Private Limited | ₹1.45 Cr (FY 2024) | -2.0% | Chennai, Tamil Nadu, India | |||
| Blue Jay Finlease Private Limited | ₹1.37 Cr (FY 2025) | -63.0% | Delhi, India |
To see the full peer comparison of FFPL Finserv Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Dec 2019 | 100317668 | The South Indian Bank Limited | ₹10 Cr | Satisfied | |
| 26 Sep 2019 | 100294880 | Canara Bank | ₹5 Cr | Satisfied | |
| 26 Jul 2019 | 100280537 | Others | ₹15 Cr | Satisfied | |
| 19 Mar 2019 | 100249527 | Others | ₹75 Cr | Satisfied | |
| 27 Dec 2018 | 100226207 | Others | ₹25 Cr | Satisfied |
To see the full charge records of FFPL Finserv Private Limited, buy the company report.
Total charge records: 104 View all charges
Deals & funding
FFPL Finserv Private Limited has 23 deals on record (13 funding rounds, 4 secondary share transfers, 3 rights issues), with disclosed funding of ₹40.65 Cr; the latest was in September 2021.
Deals on record (5 of 23)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2021 | Acquisition | ₹61 Cr | Buyer: Fino Paytech Limited |
| Jun 2017 | Rights issue | ₹75 Cr | Investors: Fino Paytech Limited |
| Jun 2017 | Secondary share transfer | Undisclosed | Buyer: Fino Paytech Limited Seller: 2 individuals |
| Feb 2017 | Secondary share transfer | Undisclosed | Buyer: Fino Paytech Limited Seller: an individual |
| Sep 2016 | Secondary share transfer | Undisclosed | Buyer: Fino Paytech Limited Seller: an individual |
To see the full deal history of FFPL Finserv 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
FFPL Finserv Private Limited has 143 court cases on record: 143 filed by FFPL Finserv. 17 cases are pending and 126 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 142 | 0 | 17 |
| High courts | 1 | 0 | 0 |
Cases on record (5 of 143)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Bhopal, Madhya Pradesh | Court case (RCT) | Filed by the company against an individual | Pending |
| District court, Solapur, Maharashtra | Civil suit | Filed by the company against an individual | Pending |
| District court, Solapur, Maharashtra | Civil suit | Filed by the company against an individual | Pending |
| District court, Solapur, Maharashtra | Civil suit | Filed by the company against an individual | Pending |
| District court, Bhopal, Madhya Pradesh | Court case (RCT) | Filed by the company against an individual | Pending |
To see the full case history of FFPL Finserv 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
FFPL Finserv Private Limited was last rated by Crisil on 23 Jul 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 23 Jul 2020 |
To see the full credit ratings and regulatory alerts of FFPL Finserv Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for FFPL Finserv Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
FFPL Finserv has 9 GST registrations: 7 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCI0286N1ZA | Maharashtra | Active | 01 Jul 2017 |
| 27AABCI0286N3Z8 | Maharashtra | Active | 18 Dec 2017 |
| 09AABCI0286N1Z8 | Uttar Pradesh | Active | 01 Jul 2017 |
| 23AABCI0286N1ZI | Madhya Pradesh | Active | 16 Jul 2017 |
To see the full GST registrations and return filing status of FFPL Finserv Private Limited, buy the company report.
Recent activity
FFPL Finserv Private Limited has 21 board changes on record since 2010: 3 appointments and 18 cessations. The latest: Suresh Balasubramanian was appointed as CFO on 27 Mar 2025.
223 earlier events are in the company report.
Frequently asked questions
FFPL Finserv is an active private limited company based in Navi Mumbai, Maharashtra, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 08 March 1994 (32+ years old) and is registered under CIN U66190MH1994PTC216496.
FFPL Finserv has 3 current directors and KMP:
- Amit Kumar Jain - Whole-Time Director
- Srividya Venkataraman - Nominee Director
- Suresh Balasubramanian - Cfo
The latest financial statements of FFPL Finserv on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 22 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of FFPL Finserv is 27AABCI0286N1ZA, registered in Maharashtra. The company has 9 GST registrations in all, of which 7 are active and 2 are cancelled or inactive. Other active GSTINs include 27AABCI0286N3Z8 (Maharashtra), 09AABCI0286N1Z8 (Uttar Pradesh), 23AABCI0286N1ZI (Madhya Pradesh).
The CIN (Corporate Identification Number) of FFPL Finserv is U66190MH1994PTC216496. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
FFPL Finserv has 143 court cases on record: 143 filed by the company. 17 are pending. Most are in the district courts.
FFPL Finserv was incorporated on 08 March 1994, making it 32+ years old. It is registered with the Registrar of Companies, Mumbai.
FFPL Finserv has 23 deals on record (13 funding rounds, 4 secondary share transfers, 3 rights issues), with disclosed funding of ₹40.65 Cr; the latest was in September 2021.
The peers of FFPL Finserv by revenue are M Power Micro Finance Private Limited, Adhikar Microfinance Private Limited, Vivardhana Microfinance Limited, Dvara Kshetriya Gramin Financial Services Private Limited, Blue Jay Finlease Private Limited, all in the BFSI industry (Large NBFC, Micro Finance Institutions, Systemically Important Non Deposit NBFC), with the same principal business activity (other financial activities).
Suresh Balasubramanian was appointed as CFO on 27 Mar 2025. Amit Kumar Jain ceased to be Additional Director on 25 Sep 2023. Amit Kumar Jain was appointed as Whole-Time Director on 21 Jun 2023. FFPL Finserv has 21 board changes on record in total.
FFPL Finserv can be reached through the website finofinance.in. Its registered office is in Navi Mumbai, Maharashtra, India.
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