MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-18-0041888
Finacus Solutions Private Limited - information technology in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹94.4 Cr
▲ 32% YoY
Net profit · FY 2024
₹37.26 Cr
Net margin 39.5%
EBITDA · FY 2024
₹51.53 Cr
EBITDA margin 54.6%
Authorised capital
₹1.75 Cr
Registered with MCA
Paid-up capital
₹1.25 Cr
Issued & subscribed
Open charges
₹2.33 Cr
Satisfied ₹20 Cr
Company age
19 yrs
Est. 2007
Employees · EPFO
270
Provident fund records
About Finacus Solutions Private Limited
Data last updated:
Finacus Solutions Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 30 October 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72900MH2007PTC175520. Its GSTIN is 27AABCF1477A1Z1 (Maharashtra). The company holds 4 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹1.75 Cr and a paid-up capital of ₹1.25 Cr. It is led by directors including Rahul Ayyappan and Charmaine Ramesh.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 7 – C Senior Estate Near Sona Udyog Parsi Panchayat Road Andheri East, Mumbai, Maharashtra, India – 400069.
As per the financials filed for FY 2024, the company reported a revenue of ₹94.4 Cr, a growth of 32% compared to the previous year. For the same year it recorded a net profit of ₹37.26 Cr (net margin 39.5%) and EBITDA of ₹51.53 Cr (EBITDA margin 54.6%). Revenue has grown at a compounded annual rate (CAGR) of 24% over three years and 36% over five years.
The company has about 270 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Finacus. As per MCA filings, the company has open charges of ₹2.33 Cr and satisfied charges of ₹20 Cr on record. Court records list 4 cases involving the company, including 1 filed by the company and 3 filed against it; 2 cases are pending. The company has 6 deals on record (4 secondary share transfers, 1 funding round, 1 rights issue), with disclosed funding of ₹49 Lakh; the latest was in March 2015. Its 10 peer companies in the Information Technology industry (Application Development) are compared by revenue, 5 larger and 5 smaller; the largest is Egdk India Private Limited with revenue of ₹96.39 Cr. The company has 4 MSME Form 1 returns on record between 2023 and 2024, listing 8 overdue payments to 5 micro and small suppliers.
Finacus Solutions Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-18-0041888). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website finacus.co.in.
Company Details of Finacus Solutions Private Limited
CIN U72900MH2007PTC175520
Registration Number 175520
Incorporation Date 30 October 2007
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-18-0041888
Recognitions & Rankings of Finacus Solutions
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address7 – C Senior Estate Near Sona Udyog Parsi Panchayat Road Andheri East, Mumbai, Maharashtra, India – 400069
- IndustryInformation Technology, Application Development & Software Solutions
Comprehensive company report
Finacus Solutions 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
- One PDF report, delivered after checkout
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Associated Brands with Finacus Solutions Private Limited
Finacus Solutions operates one associated brand: Finacus. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides software for core banking, lending, and digital payment services to banks. | finacus.co.in |
Business Activity of Finacus Solutions Private Limited
The main business activity of Finacus Solutions is trade. In detail, this covers wholesale trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | Locked |
Premium access
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Finacus Solutions Private Limited FY 2024 filings available
Finacus Solutions Private Limited reported revenue of ₹94.4 Cr (up 32% YoY) for FY 2024.
Revenue · FY 2024
₹94.4 Cr ▲ 32%
Net profit · FY 2024
₹37.26 Cr margin 39.5%
EBITDA · FY 2024
₹51.53 Cr margin 54.6%
Compounded Annual Growth Rate (CAGR) of Finacus Solutions Private Limited
Revenue CAGR growth
1 year
▲ 32%
3 years · compounded
▲ 24%
5 years · compounded
▲ 36%
EBITDA CAGR growth
1 year
▲ 30%
3 years · compounded
▲ 52%
5 years · compounded
▲ 73%
Revenue has grown at a compounded annual rate (CAGR) of 36% over five years, including 32% growth in the latest year. EBITDA rose 30% 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 of Finacus Solutions Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹51.53 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹37.26 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 of Finacus Solutions Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 54.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 39.5% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Finacus Solutions are in the company report.
Premium access
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of Finacus Solutions Private Limited
Finacus Solutions has 3 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rahul Ayyappan Also directs: Pelorus Technologies Private Limited | Director | 03 Jun 2011 | 15 Years 4 Months | Current |
| Charmaine Ramesh Also directs: Infovault Systems Private Limited, Datasequre Technologies Private Limited, Infovault Solutions Private Limited and 2 more | Director | 03 Jun 2011 | 15 Years 4 Months | Current |
| Rahul Ramashankar Dwivedi | Director | 01 Jul 2016 | 10 Years 3 Months | Current |
Peer Comparison of Finacus Solutions Private Limited
Finacus Solutions Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (Application Development). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Egdk India Private Limited | ₹96.39 Cr (FY 2025) | •••• | •••• | 240.0% | •••• | Mangalore, Karnataka, India |
| Mindstix Software Labs Private Limited | ₹96.34 Cr (FY 2025) | •••• | •••• | -11.0% | •••• | Thane, Maharashtra, India |
| Lagom Labs Private Limited | ₹96.05 Cr (FY 2025) | •••• | •••• | 100.0% | •••• | Mumbai, Maharashtra, India |
| Congruent Info-Tech Private Limited | ₹95.69 Cr (FY 2025) | •••• | •••• | 19.0% | •••• | Chennai, Tamil Nadu, India |
| Marg Erp Limited | ₹95.35 Cr (FY 2025) | •••• | •••• | 19.0% | •••• | New Delhi, Delhi, India |
| Finacus Solutions Private Limited this company | ₹94.4 Cr (FY 2024) | •••• | •••• | 32.0% | •••• | Mumbai, Maharashtra, India |
| Abs Professional Services (India) Private Limited | ₹94.13 Cr (FY 2025) | •••• | •••• | 6.0% | •••• | Pune, Maharashtra, India |
| Helium Overseas Private Limited | ₹93.67 Cr (FY 2025) | •••• | •••• | 19.0% | •••• | New Delhi, Delhi, India |
| Netsmartz Infotech (India) Private Limited | ₹93.2 Cr (FY 2024) | •••• | •••• | 4.0% | •••• | Gurgaon, Haryana, India |
| Atrenta (India) Private Limited | ₹93.17 Cr (FY 2020) | •••• | •••• | 21.0% | •••• | Bengaluru, Karnataka, India |
| Meditab Software (India) Private Limited | ₹92.82 Cr (FY 2025) | •••• | •••• | 19.0% | •••• | Ahmedabad, Gujarat, India |
Peers are the five companies nearest above and the five nearest below Finacus Solutions by revenue in the Information Technology industry (Application Development), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Finacus Solutions Private Limited
Finacus Solutions Private Limited is audited by Khandekar & Associates for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Khandekar & Associates | Locked | Locked | Locked |
Premium access
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Finacus Solutions Private Limited
Premium access
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Finacus Solutions Private Limited
Open charges
₹2.33 Cr
Satisfied charges
₹20 Cr
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 03 Aug 2022 | Others | ₹42.75 Lakh | Open |
| 05 Jun 2013 | Tjsb Sahakari Bank Limited | ₹1.4 Cr | Open |
| 04 Jun 2013 | Tjsb Sahakari Bank Limited | ₹50 Lakh | Open |
| 30 Dec 2023 | Hdfc Bank Limited | ₹20 Cr | Satisfied |
Total charge records: 4 View all charges
Deals & Funding of Finacus Solutions Private Limited
Finacus Solutions Private Limited has 6 deals on record (4 secondary share transfers, 1 funding round, 1 rights issue), with disclosed funding of ₹49 Lakh; the latest was in March 2015.
Total deals
6
Secondary share transfers
4
Funding round
1
Rights issue
1
Disclosed funding
₹49 Lakh
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2015 | Rights issue | ₹75 Lakh | Investors: an individual |
| Mar 2013 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
| Mar 2013 | Funding round | ₹49 Lakh | Investors: an individual |
| Mar 2009 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Nov 2008 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
Premium access
Full deal history
All 6 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Finacus Solutions Private Limited
Finacus Solutions Private Limited has 4 court cases on record: 1 filed by Finacus Solutions, 3 filed against it. 2 cases are pending and 2 are disposed. Status as checked between 01 Oct 2026 and 04 Oct 2026.
Total cases
4
Filed by the company
1
Filed against the company
3
Pending
2
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 1 | 0 |
| District courts | 2 | 2 | 2 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed against the company by Mumbai District Central-Cooperative Bank | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed against the company by Mumbai District Central-Cooperative Bank | Pending |
| Bombay High Court | Court case (S) | Filed against the company by Mumbai District Central-Cooperative Bank | Disposed |
| High Court for State of Telangana | Writ petition | Filed by the company against State of Andhra Pradesh | Disposed |
Premium access
Full case history
All 4 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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 by Finacus Solutions Private Limited
Finacus Solutions Private Limited has 4 MSME Form 1 returns on record between 2023 and 2024, listing 8 overdue payments to 5 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 5)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Pavilions and Interiors (India) Private Limited | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
Premium access
Full MSME payment history
Every supplier, amount and due date from all 4 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Finacus Solutions Private Limited
Finacus Solutions Private Limited has a workforce of 270 employees as of Apr 10, 2024.
Employee count
270
Active EPFO establishments
1
Employee growth
17.39%
Premium access
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Finacus Solutions Private Limited
Finacus Solutions Private Limited has 12 board changes on record since 2008: 3 appointments and 9 cessations. The latest: Satish Kashinath Marathe ceased to be Director on 02 Mar 2022.
AGM
Finacus Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Charges
A charge registered on 30 Dec 2023 via Charge ID 100883788 with Hdfc Bank Limited was fully satisfied on 30 Jul 2024.
Charges
A charge with Tjsb Sahakari Bank Limited of Rs. 1.40 Cr registered on 05 Jun 2013 with Charge ID 10434016 was modified on 20 Jul 2024.
Charges
A charge with Tjsb Sahakari Bank Limited of Rs. 0.50 Cr registered on 04 Jun 2013 with Charge ID 10434014 was modified on 20 Jul 2024.
Filing
Finacus Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 20.00 Cr with Charge ID 100883788 was registered on 30 Dec 2023.
Charges
A charge with Others amounted to Rs. 0.43 Cr with Charge ID 100612713 was registered on 03 Aug 2022.
Ceased
Satish Kashinath Marathe ceased to be Director.
Ceased
Ramesh Govindan ceased to be Director.
Ceased
Rahul Ramashankar Dwivedi ceased to be Additional Director.
Appointed
Rahul Ramashankar Dwivedi was appointed as Director.
Charges
A charge with Tjsb Sahakari Bank Limited amounted to Rs. 1.40 Cr with Charge ID 10434016 was registered on 05 Jun 2013.
10 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Finacus Solutions Private Limited
Premium access
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Finacus Solutions Private Limited
Premium access
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Finacus Solutions Private Limited
Finacus Solutions has 4 GST registrations: 2 active and 2 cancelled or inactive.
Total GSTINs
4
Active
2
Cancelled / inactive
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCF1477A1Z1 | Maharashtra | Active | 01 Jul 2017 |
| 27AABCF1477A2Z0 | Maharashtra | Active | 31 Aug 2019 |
Premium access
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Finacus Solutions Private Limited
Premium access
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Related news about Finacus Solutions Private Limited
Frequently Asked Questions about Finacus Solutions Private Limited
Finacus Solutions is an active private limited company based in Mumbai, Maharashtra, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 30 October 2007 (19+ years old) and is registered under CIN U72900MH2007PTC175520.
Finacus Solutions reported revenue of ₹94.4 Cr for FY 2024 (up 32% YoY).
Finacus Solutions has 3 current directors:
- Rahul Ayyappan - Director
- Charmaine Ramesh - Director
- Rahul Ramashankar Dwivedi - Director
Finacus Solutions reported a net profit of ₹37.26 Cr (net margin 39.5%) and EBITDA of ₹51.53 Cr (EBITDA margin 54.6%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Finacus Solutions is 24% over three years and 36% over five years. In the latest year (FY 2024) revenue rose 32%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Finacus Solutions is 27AABCF1477A1Z1, registered in Maharashtra. The company has 4 GST registrations in all, of which 2 are active and 2 are cancelled or inactive. Other active GSTINs include 27AABCF1477A2Z0 (Maharashtra).
The CIN (Corporate Identification Number) of Finacus Solutions is U72900MH2007PTC175520. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Finacus Solutions has 4 court cases on record: 1 filed by the company and 3 filed against it. 2 are pending. Most are in the high courts.
Finacus Solutions was incorporated on 30 October 2007, making it 19+ years old. It is registered with the Registrar of Companies, Mumbai.
Finacus Solutions has 6 deals on record (4 secondary share transfers, 1 funding round, 1 rights issue), with disclosed funding of ₹49 Lakh; the latest was in March 2015.
The peers of Finacus Solutions by revenue are Egdk India Private Limited, Mindstix Software Labs Private Limited, Lagom Labs Private Limited, Congruent Info-Tech Private Limited, Marg Erp Limited and 5 more, all in the Information Technology industry (Application Development).
Satish Kashinath Marathe ceased to be Director on 02 Mar 2022. Ramesh Govindan ceased to be Director on 14 Jun 2019. Rahul Ramashankar Dwivedi ceased to be Additional Director on 30 Sep 2016. Finacus Solutions has 12 board changes on record in total.