About Finicity Technologies Private Limited
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Finicity Technologies Private Limited is a private limited company based in Thane, Maharashtra, India, a subsidiary of Finicity Corporation, Usa. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 17 June 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72200MH2005PTC154044. Its GSTIN is 27AABCI3759A1ZT (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹9.31 Cr. It was formerly known as In2M Technologies Private Limited. It is led by directors including Amar Manohar Karvir and Rajendra Rushikesh Upadhyaya.
Its last annual general meeting (AGM) was held on 12 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Thane, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹223.52 Cr, a decline of 6% compared to the previous year. For the same year it recorded a net profit of ₹24.55 Cr (net margin 11%) and EBITDA of ₹43.41 Cr (EBITDA margin 19.4%). Revenue has grown at a compounded annual rate (CAGR) of 31% over three years and 38% over five years.
The company has about 554 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Finicity. The company has 4 deals on record (2 funding rounds, 1 rights issue, 1 secondary share transfer), with disclosed funding of ₹13.31 Cr; the latest was in May 2020.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website finicity.com.
Company details
Contact details
Finicity Technologies Private Limited's registered office is in Thane, Maharashtra. Its website is finicity.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressFloor 11 1101 Building No. 9 Gigaplex Estate Private Li Ited Plot No. It – 5, Mindspace Airoli West Navi Mumbai, Thane, Maharashtra, India – 400708
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Finicity 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
Finicity Technologies operates one associated brand: Finicity. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Open banking aggregation APIs are offered for financial services. | finicity.com |
Business activity
The main business activity of Finicity Technologies is support service to organizations. In detail, this covers other support services to organizations.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N7 | Other support services to organizations |
To see the full business activity and turnover split of Finicity Technologies Private Limited, buy the company report.
Financials of Finicity Technologies Private Limited
FY 2025 filings availableFinicity Technologies Private Limited reported revenue of ₹223.52 Cr (down 6% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 6% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 38%. EBITDA fell 31% 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 | ₹43.41 Cr | ||||
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| Net Profit (PAT) | ₹24.55 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 | 19.4% | ||||
| Net Profit Margin | 11% | ||||
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To see the full financial statements and ratios of Finicity Technologies Private Limited, buy the company report.
Board of directors of Finicity Technologies Private Limited
Finicity Technologies has 3 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Amar Manohar Karvir | Director | 16 Dec 2018 | 7 Years 10 Months | Current |
| Rajendra Rushikesh Upadhyaya | Director | 25 Apr 2023 | 3 Years 6 Months | Current |
| Rajeevkumar Suneharilal Verma | Director | 20 Apr 2023 | 3 Years 6 Months | Current |
Auditor
Finicity Technologies Private Limited is audited by Vinay Bhushan & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Vinay Bhushan & Associates | FY 2023 | 130529W |
Shareholding
The shareholding of Finicity 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 Finicity Technologies Private Limited, buy the company report.
Deals & funding
Finicity Technologies Private Limited has 4 deals on record (2 funding rounds, 1 rights issue, 1 secondary share transfer), with disclosed funding of ₹13.31 Cr; the latest was in May 2020.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2020 | Funding round | ₹8.18 Cr | Investors: Finicity Corporation |
| Apr 2019 | Funding round | ₹5.14 Cr | Investors: Finicity Corporation |
| Feb 2019 | Rights issue | ₹1.99 Cr | Investors: Finicity Corporation |
| Sep 2006 | Secondary share transfer | Undisclosed | Buyer: Finicity Corporation Seller: 4 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Finicity Technologies Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Finicity Technologies Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Finicity Technologies Private Limited has a workforce of 554 employees on its EPFO records as of Apr 01, 2024, across 1 active EPFO establishment.
GST
Finicity Technologies has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCI3759A1ZT | Maharashtra | Active | 01 Aug 2017 |
To see the full GST registrations and return filing status of Finicity Technologies Private Limited, buy the company report.
Recent activity
Finicity Technologies Private Limited has 12 board changes on record since 2017: 3 appointments and 9 cessations. The latest: Rajeevkumar Suneharilal Verma ceased to be Additional Director on 29 Oct 2023.
3 earlier events are in the company report.
News
Frequently asked questions
Finicity Technologies is an active private limited company based in Thane, Maharashtra, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 17 June 2005 (21+ years old) and is registered under CIN U72200MH2005PTC154044.
Finicity Technologies has 3 current directors:
- Amar Manohar Karvir - Director
- Rajendra Rushikesh Upadhyaya - Director
- Rajeevkumar Suneharilal Verma - Director
The latest financial statements of Finicity Technologies on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 12 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Finicity Technologies is 27AABCI3759A1ZT, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Finicity Technologies is U72200MH2005PTC154044. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Finicity Technologies was incorporated on 17 June 2005, making it 21+ years old. It is registered with the Registrar of Companies, Mumbai.
Finicity Technologies has 4 deals on record (2 funding rounds, 1 rights issue, 1 secondary share transfer), with disclosed funding of ₹13.31 Cr; the latest was in May 2020.
Rajeevkumar Suneharilal Verma ceased to be Additional Director on 29 Oct 2023. Rajendra Rushikesh Upadhyaya ceased to be Additional Director on 29 Oct 2023. Rajendra Rushikesh Upadhyaya was appointed as Director on 25 Apr 2023. Finicity Technologies has 12 board changes on record in total.
Finicity Technologies can be reached through the website finicity.com. Its registered office is in Thane, Maharashtra, India.
The registered office of Finicity Technologies is at Floor 11 1101 Building No. 9 Gigaplex Estate Private Li Ited Plot No. It – 5, Mindspace Airoli West Navi Mumbai, Thane, Maharashtra, India – 400708.
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