About Financial Software and Systems Private Limited
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Financial Software and Systems Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the digital payment solutions segment of the financial services sector. It was incorporated on 20 February 1991 and has been in existence for over 35 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U52599TN1991PTC020361. Its GSTIN is 33AAACF2351C1ZE (Tamil Nadu). The company holds 33 GST registrations, of which 32 are active.
The company has an authorised share capital of ₹130.95 Cr and a paid-up capital of ₹10.14 Cr. It is led by directors including Rudhraapathy Jagannathan (Whole-Time Director) and Nagaraj Venkata Mylandla.
Its last annual general meeting (AGM) was held on 25 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Saradhagroundfloor No.42 Thirdmainroad Gandhinagar Adyar, Chennai, Tamil Nadu, India – 600020.
As per the financials filed for FY 2025, the company reported a revenue of ₹894.66 Cr, a decline of 9% compared to the previous year. For the same year it recorded a net profit of ₹38.9 Cr (net margin 4.3%) and EBITDA of ₹196.65 Cr (EBITDA margin 22%). Revenue has declined at a compounded annual rate (CAGR) of 2% over three years and 4% over five years.
The company has about 1,883 employees on its provident fund (EPFO) records. Its group structure includes 3 subsidiaries.
The company is associated with 1 brand: Financial Software and Systems. As per MCA filings, the company has open charges of ₹508.51 Cr and satisfied charges of ₹798.57 Cr on record. Court records list 136 cases involving the company, including 28 filed by the company and 108 filed against it; 38 cases are pending. The company has 6 deals on record (3 secondary share transfers, 3 funding rounds), with disclosed funding of ₹356.07 Cr; the latest was in November 2014. The company has 19 MSME Form 1 returns on record between 2015 and 2024, listing 1,488 overdue payments to 28 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website fsstech.com.
Company details
Contact details
Financial Software and Systems Private Limited's registered office is in Chennai, Tamil Nadu. Its website is fsstech.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressSaradhagroundfloor No.42 Thirdmainroad Gandhinagar Adyar, Chennai, Tamil Nadu, India – 600020
- IndustryFinancial Services, Digital Payment Solutions
To see the full contact details of Financial Software and Systems 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
Financial Software and Systems operates one associated brand: Financial Software and Systems. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Financial Software and Systems is engaged in providing payment technology solutions. | fsstech.com |
Business activity
The main business activity of Financial Software and Systems is information and communication. In detail, this covers computer programming, consultancy and related activities and data processing, hosting and related activities; web portal. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities | |
| J | Information and communication | J7 | Data processing, hosting and related activities; web portal |
To see the full business activity and turnover split of Financial Software and Systems Private Limited, buy the company report.
Financials of Financial Software and Systems Private Limited
FY 2025 filings availableFinancial Software and Systems Private Limited reported revenue of ₹894.66 Cr (down 9% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 4% over five years, including a 9% fall in the latest year. EBITDA rose 1% 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 | ₹196.65 Cr | ||||
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| Net Profit (PAT) | ₹38.9 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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| EBITDA Margin | 22% | ||||
| Net Profit Margin | 4.3% | ||||
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To see the full financial statements and ratios of Financial Software and Systems Private Limited, buy the company report.
Board of directors of Financial Software and Systems Private Limited
Financial Software and Systems has 6 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nagaraj Venkata Mylandla Also directs: FSS Technologies Private Limited, FSS Grameenpay Private Limited, FSS India Private Limited and 1 more | Director | 20 Feb 1991 | 35 Years 8 Months | Current |
| Prakash Chellam | Nominee Director | 05 Sep 2024 | 2 Years 1 Months | Current |
| Bala C Deshpande Also directs: Megadelta Capital Asset Managers LLP, Megadelta Capital Manager Services LLP, Brainbees Solutions Limited and 3 more | Nominee Director | 05 Mar 2010 | 16 Years 7 Months | Current |
| Rudhraapathy Jagannathan | Whole-Time Director | 01 Dec 1997 | 28 Years 10 Months | Current |
| Srinivas Chidambaram Also directs: JB Cerestra Investment Management LLP, Indus TLG Managers LLP, Indus TLG Manager Ifsc LLP and 3 more | Nominee Director | 05 Mar 2010 | 16 Years 7 Months | Current |
| Sharada Mylandla Also directs: FSS Technologies Private Limited | Director | 19 Mar 1997 | 29 Years 7 Months | Current |
Auditor
Financial Software and Systems Private Limited is audited by G SEKAR ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| G SEKAR ASSOCIATES | FY 2023 | 005251S |
Shareholding
The shareholding of Financial Software and Systems 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 Financial Software and Systems Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 Dec 2022 | 100657746 | Others | ₹8.51 Cr | Open | |
| 06 Nov 2020 | 100399543 | Others | ₹50 Cr | Open | |
| 10 Jun 2013 | 10435320 | Others | ₹50 Cr | Open | |
| 13 Jul 2005 | 90290704 | Others | ₹400 Cr | Open | |
| 04 Aug 2021 | 100470862 | Others | ₹40 Cr | Satisfied |
To see the full charge records of Financial Software and Systems Private Limited, buy the company report.
Total charge records: 34 View all charges
Deals & funding
Financial Software and Systems Private Limited has 6 deals on record (3 secondary share transfers, 3 funding rounds), with disclosed funding of ₹356.07 Cr; the latest was in November 2014.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2014 | Funding round · Series B | ₹201.2 Cr | Investors: Premjiinvest, New Enterprise Associates, Jacob Ballas |
| Nov 2014 | Secondary share transfer | Undisclosed | Buyer: Premjiinvest Seller: New Enterprise Associates, Jacob Ballas, 2 individuals |
| Sep 2012 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
| Mar 2010 | Secondary share transfer | Undisclosed | Buyer: New Enterprise Associates, Jacob Ballas Seller: The Carlyle Group |
| Mar 2010 | Funding round · Series A | ₹117.5 Cr | Investors: New Enterprise Associates, Jacob Ballas |
To see the full deal history of Financial Software and Systems 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
Financial Software and Systems Private Limited has 136 court cases on record: 28 filed by Financial Software and Systems, 108 filed against it. 38 cases are pending and 98 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 112 | 94 | 36 |
| District courts | 17 | 8 | 1 |
| Supreme Court | 4 | 3 | 0 |
| NCLAT | 2 | 2 | 0 |
| NCLT | 1 | 1 | 1 |
Cases on record (5 of 136)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Arbitration matter | Filed against the company by Searce Cosourcing Services Private Limited Through Its Authorized Representative Ms Diwyata Burbure | Pending |
| Madras High Court | Appeal | Filed by the company against Brinks India Private Limited | Disposed |
| Bombay High Court | Court case (CARBP) | Filed by the company against Logicash Solutions Pvt Ltd | Disposed |
| District court, Lucknow, Uttar Pradesh | Criminal miscellaneous application | Filed by the company against Unknown | Disposed |
| Madras High Court | Appeal | Filed against the company | Pending |
To see the full case history of Financial Software and Systems 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
Financial Software and Systems Private Limited was last rated by Acuite on 21 Apr 2026.
| Rating agency | Rated on | Rating |
|---|---|---|
| Acuite | 21 Apr 2026 |
To see the full credit ratings and regulatory alerts of Financial Software and Systems Private Limited, buy the company report.
MSME payment delays
Financial Software and Systems Private Limited has 19 MSME Form 1 returns on record between 2015 and 2024, listing 1,488 overdue payments to 28 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 28)
To see the full MSME payment records of Financial Software and Systems Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Financial Software and Systems has 3 subsidiary companies and 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| FSS Grameenpay Private Limited | U65900TN2018PTC125591 | |
| FSS Technologies Private Limited | U72900TN2007PTC080726 | |
| FSS Cashtech Private Limited | U72900TN2021PTC144936 |
To see the full group structure of Financial Software and Systems Private Limited, buy the company report.
Employees & EPFO
Financial Software and Systems Private Limited has a workforce of 1,883 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Financial Software and Systems has 33 GST registrations: 32 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAACF2351C1ZE | Tamil Nadu | Active | 01 Jul 2017 |
| 04AAACF2351C1ZF | Chandigarh | Active | 01 Jul 2017 |
| 06AAACF2351C1ZB | Haryana | Active | 01 Jul 2017 |
| 07AAACF2351C1Z9 | Delhi | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Financial Software and Systems Private Limited, buy the company report.
Recent activity
Financial Software and Systems Private Limited has 17 board changes on record since 1991: 6 appointments and 11 cessations. The latest: Prakash Chellam was appointed as Nominee Director on 05 Sep 2024.
79 earlier events are in the company report.
News
Frequently asked questions
Financial Software and Systems is an active private limited company based in Chennai, Tamil Nadu, India. The company works in digital payment solutions, within the financial services industry. It was incorporated on 20 February 1991 (35+ years old) and is registered under CIN U52599TN1991PTC020361.
Financial Software and Systems has 6 current directors:
- Rudhraapathy Jagannathan - Whole-Time Director
- Nagaraj Venkata Mylandla - Director
- Prakash Chellam - Nominee Director
- Bala C Deshpande - Nominee Director
- Srinivas Chidambaram - Nominee Director
- Sharada Mylandla - Director
The latest financial statements of Financial Software and Systems on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 25 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Financial Software and Systems is 33AAACF2351C1ZE, registered in Tamil Nadu. The company has 33 GST registrations in all, of which 32 are active and 1 is cancelled or inactive. Other active GSTINs include 04AAACF2351C1ZF (Chandigarh), 06AAACF2351C1ZB (Haryana), 07AAACF2351C1Z9 (Delhi).
The CIN (Corporate Identification Number) of Financial Software and Systems is U52599TN1991PTC020361. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Financial Software and Systems has 136 court cases on record: 28 filed by the company and 108 filed against it. 38 are pending. Most are in the high courts.
Financial Software and Systems was incorporated on 20 February 1991, making it 35+ years old. It is registered with the Registrar of Companies, Chennai.
Financial Software and Systems has 6 deals on record (3 secondary share transfers, 3 funding rounds), with disclosed funding of ₹356.07 Cr; the latest was in November 2014.
Prakash Chellam was appointed as Nominee Director on 05 Sep 2024. Vijendar Dwarakanath ceased to be Nominee Director on 05 Sep 2024. Nagaraj Venkata Mylandla ceased to be Managing Director on 31 Mar 2024. Financial Software and Systems has 17 board changes on record in total.
Financial Software and Systems has 19 MSME Form 1 returns on record between 2015 and 2024, listing 1,488 overdue payments to 28 micro and small suppliers. The latest return was filed on 29 Apr 2024.
Financial Software and Systems can be reached through the website fsstech.com. Its registered office is in Chennai, Tamil Nadu, India.