About Finmomenta Private Limited
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Finmomenta Private Limited was a private limited company based in Bangalore, Karnataka, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the online financial services segment of the internet and digital services sector. It was incorporated on 16 September 2016.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U74999KA2016PTC096514. Its GSTIN is 29AACCF9105E1ZR (Karnataka).
The company had an authorised share capital of ₹2.5 Cr and a paid-up capital of ₹1.91 Cr. It was led by directors including Prasanth Krishnam and Mahesh Brahma Khaderbad.
Its last annual general meeting (AGM) was held on 29 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office was at #G – 09 C Block Deepika Residency Nagavarapalya Main Road C V Raman Nagar, Bangalore, Karnataka, India – 560093.
As per the financials filed for FY 2018, the company reported a revenue of ₹1.11 Lakh. For the same year it recorded a net loss of ₹84.94 Lakh and EBITDA of -₹84.61 Lakh.
The company was associated with 2 brands: FinMomenta and TachyLoans. The company has 15 deals on record (15 funding rounds), with disclosed funding of ₹1.34 Cr; the latest was in March 2019.
The last known website on record is finmomenta.com.
Company details
Contact details
Finmomenta Private Limited's registered office is in Bangalore, Karnataka. Its website is finmomenta.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address#G – 09 C Block Deepika Residency Nagavarapalya Main Road C V Raman Nagar, Bangalore, Karnataka, India – 560093
- IndustryInternet, Online Financial Services
To see the full contact details of Finmomenta 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
Finmomenta operates two associated brands: FinMomenta and TachyLoans. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers an online platform for consumer loans. | finmomenta.com | |
| Offers online collateral-free loans for education and professional courses in India. | tachyloans.com |
Business activity
The main business activity of Finmomenta is information and communication. In detail, this covers other information & communication service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Finmomenta Private Limited, buy the company report.
Financials of Finmomenta Private Limited
FY 2018 filings availableFinmomenta Private Limited reported revenue of ₹1.11 Lakh for FY 2018.
Financial Statement Summary
| Metrics | FY 2017-18 | FY 2016-17 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ₹1.11 Lakh | |
| Other Income | ||
| Total Revenue | ||
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | -₹84.61 Lakh | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹84.94 Lakh | |
| 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 2017-18 | FY 2016-17 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | ||
| Net Profit Margin | ||
| 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 Finmomenta Private Limited, buy the company report.
Board of directors of Finmomenta Private Limited
Finmomenta has 4 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Prasanth Krishnam | Director | 16 Sep 2016 | 10 Years 1 Months | As last reported |
| Naveen Madgula | Additional Director | 26 Feb 2018 | 8 Years 8 Months | As last reported |
| Mahesh Brahma Khaderbad | Director | 16 Sep 2016 | 10 Years 1 Months | As last reported |
| Praveen Krishnam | Director | 16 Sep 2016 | 10 Years 1 Months | As last reported |
Auditor
Finmomenta Private Limited is audited by M VENKATACHALAM & ASSOCIATES for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M VENKATACHALAM & ASSOCIATES | FY 2018 | 011502S |
Shareholding
The shareholding of Finmomenta Private Limited is on record for 2 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Finmomenta Private Limited, buy the company report.
Deals & funding
Finmomenta Private Limited has 15 deals on record (15 funding rounds), with disclosed funding of ₹1.34 Cr; the latest was in March 2019.
Deals on record (5 of 15)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2019 | Funding round | ₹5 Lakh | Investors: an individual |
| Dec 2018 | Funding round | ₹1.4 Lakh | Investors: an individual |
| Jun 2018 | Funding round | ₹3.8 Lakh | Investors: an individual |
| May 2018 | Funding round | ₹13.5 Lakh | Investors: FinMomenta Singapore Private Limited |
| Mar 2018 | Funding round | ₹3.6 Lakh | Investors: FinMomenta Singapore Private Limited |
To see the full deal history of Finmomenta 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
No court or tribunal cases involving Finmomenta 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 Finmomenta Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Finmomenta has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCF9105E1ZR | Karnataka | Active | 06 Sep 2017 |
To see the full GST registrations and return filing status of Finmomenta Private Limited, buy the company report.
Recent activity
Finmomenta Private Limited has 7 board changes on record since 2016: 4 appointments and 3 cessations. The latest: Naveen Madgula ceased to be Director on 16 Dec 2020.
Frequently asked questions
Finmomenta has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Finmomenta was a private limited company based in Bangalore, Karnataka, India. The company worked in online financial services, within the internet industry. It was incorporated on 16 September 2016 and is registered under CIN U74999KA2016PTC096514. The company has been struck off by the Registrar of Companies and is no longer operational.
Finmomenta had 4 directors:
- Prasanth Krishnam - Director
- Naveen Madgula - Additional Director
- Mahesh Brahma Khaderbad - Director
- Praveen Krishnam - Director
The CIN (Corporate Identification Number) of Finmomenta is U74999KA2016PTC096514. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Finmomenta is at #G – 09 C Block Deepika Residency Nagavarapalya Main Road C V Raman Nagar, Bangalore, Karnataka, India – 560093.
Finmomenta was incorporated on 16 September 2016. It is registered with the Registrar of Companies, Bangalore.
Finmomenta can be reached through the website finmomenta.com. Its registered office is in Bangalore, Karnataka, India.
The latest financial statements of Finmomenta on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 29 September 2018. Year-wise statements from FY 2017 are in the company report.
The GSTIN of Finmomenta is 29AACCF9105E1ZR, registered in Karnataka.
Finmomenta operated in the internet industry, in the online financial services segment. It worked in this industry before it was struck off.
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