About Finnew Solutions Private Limited
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Finnew Solutions Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Niyo Solutions Inc.. It operates in the prepaid card services segment of the financial services sector. It was incorporated on 23 November 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74900KA2015PTC084275. Its GSTIN is 29AACCF6950H1ZE (Karnataka).
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹4.85 Cr. It is led by directors including Gautam Rasiklal Ashra and Nithya Easwaran.
Its last annual general meeting (AGM) was held on 15 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 824 Gamma Block Sigma Soft Tech Park, Bangalore, Karnataka.
As per the financials filed for FY 2026, the company reported a revenue of ₹178.52 Cr, a growth of 77% compared to the previous year. For the same year it recorded a net loss of ₹32.63 Cr (net margin -18.3%) and EBITDA of -₹28.22 Cr (EBITDA margin -15.8%). Revenue has grown at a compounded annual rate (CAGR) of 9% over three years and 41% over five years.
The company has about 408 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Niyo. As per MCA filings, the company has open charges of ₹18 Lakh and satisfied charges of ₹55 Cr on record. Court records list 1 case involving the company; 1 case is pending. The company has 12 deals on record (10 rights issues, 1 funding round, 1 secondary share transfer), with disclosed funding of ₹5.5 Cr; the latest was in July 2024. Its 7 peer companies in the BFSI industry (Prepaid and Cash Cards) are compared by revenue, 2 larger and 5 smaller; the largest is Vouchagram India Private Limited with revenue of ₹3,801.67 Cr. The company has 10 MSME Form 1 returns on record between 2019 and 2023, listing 253 overdue payments to 49 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 goniyo.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address8th Floor Unit No G – 801 To G – 824 Gamma Block Sigma Soft Tech Park, Ramagondanahalli Village Varthur Hobli Whitefield, Bangalore, Karnataka, India – 560066
- IndustryFinancial Services, Prepaid Card Services
- 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
Business Activity of Finnew Solutions Private Limited
The main business activity of Finnew Solutions is information and communication. In detail, this covers other information & communication service activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities | Locked |
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 Finnew Solutions Private Limited FY 2025 filings available
Finnew Solutions Private Limited reported revenue of ₹178.52 Cr (up 77% YoY) for FY 2026.
Compounded Annual Growth Rate (CAGR) of Finnew Solutions Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 41% over five years, including 77% growth in the latest year. EBITDA rose 60% 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 Finnew Solutions Private Limited
| 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 | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹28.22 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹32.63 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 Finnew Solutions Private Limited
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -15.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -18.3% | •••• | •••• | •••• | •••• |
| 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 Finnew Solutions are in the company report.
Financial statements from FY 2016
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.
Peer Comparison of Finnew Solutions Private Limited
Finnew Solutions Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Prepaid and Cash Cards). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Vouchagram India Private Limited | ₹3,801.67 Cr (FY 2025) | •••• | •••• | 17.0% | •••• | New Delhi, Delhi, India |
| Finnew Solutions Private Limited this company | ₹178.52 Cr (FY 2026) | •••• | •••• | 77.0% | •••• | Bangalore, Karnataka, India |
| Overtone Business Solutions Private Limited | ₹138.55 Cr (FY 2022) | •••• | •••• | 253.0% | •••• | Zirakpur, Punjab, India |
| Oberthur Technologies India Private Limited | ₹121.26 Cr (FY 2021) | •••• | •••• | -26.0% | •••• | Mumbai, Maharashtra, India |
| Toppan Security India Private Limited | ₹117.26 Cr (FY 2025) | •••• | •••• | -41.0% | •••• | Gurugram, Haryana, India |
| Giftrix Technologies Private Limited | ₹116.07 Cr (FY 2025) | •••• | •••• | •••• | Jaipur, Rajasthan, India | |
| Paramotor Digital Technology Limited | ₹112.33 Cr (FY 2025) | •••• | •••• | 232.0% | •••• | Mumbai, Maharashtra, India |
| Early Choice Private Limited | ₹107 Cr (FY 2025) | •••• | •••• | -9.0% | •••• | Surat, Gujarat, India |
Peers are the five companies nearest above and the five nearest below Finnew Solutions by revenue in the BFSI industry (Prepaid and Cash Cards), 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 Finnew Solutions Private Limited
Finnew Solutions Private Limited is audited by PRICE WATERHOUSE CHARTERED ACCOUNTANTS LLP for the financial year 2024.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| PRICE WATERHOUSE CHARTERED ACCOUNTANTS LLP | Locked | Locked | Locked |
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.
Board of Directors and KMP of Finnew Solutions Private Limited
Finnew Solutions Private Limited currently reports 4 directors and 2 key managerial personnel. 3 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gourav Kumar Also directs: Finnew Global Solutions Ifsc Private Limited | Cfo | 15 Sep 2023 | 3 Years 0 Months | Current |
| Anand Daniel | Nominee Director | 20 Nov 2023 | 2 Years 10 Months | Current |
| Gautam Rasiklal Ashra Also directs: Anassa Realty LLP, Multiples Private Equity Fund II LLP, Organic Biosystems LLP and 5 more | Director | 31 May 2024 | 2 Years 4 Months | Current |
| Vinay Bagri Also directs: Kanji Forex Private Limited, Finnew Global Solutions Ifsc Private Limited, Niyopay Credit Private Limited and 2 more | Ceo | 07 May 2024 | 2 Years 5 Months | Current |
| Nithya Easwaran Also directs: Multiples Private Equity Fund II LLP, Dam Capital Advisors Limited, Ti Clean Mobility Private Limited and 5 more | Director | 16 Nov 2023 | 2 Years 10 Months | Current |
| Virender Singh Bisht Also directs: Kanji Forex Private Limited, Finnew Global Solutions Ifsc Private Limited, Niyopay Credit Private Limited and 2 more | Director | 23 Nov 2015 | 10 Years 10 Months | Current |
Ownership and Shareholding of Finnew Solutions Private Limited
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 Finnew Solutions Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 22 Nov 2022 | Hdfc Bank Limited | ₹18 Lakh | Open |
| 09 Nov 2021 | Others | ₹55 Cr | Satisfied |
Total charge records: 2 View all charges
Deals & Funding of Finnew Solutions Private Limited
Finnew Solutions Private Limited has 12 deals on record (10 rights issues, 1 funding round, 1 secondary share transfer), with disclosed funding of ₹5.5 Cr; the latest was in July 2024.
Deals on record (5 of 12)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2024 | Rights issue | ₹83.36 Cr | Investors: Niyo Solutions Inc. |
| May 2024 | Rights issue | ₹83.36 Cr | Investors: Niyo Solutions Inc. |
| Mar 2023 | Rights issue | ₹164.16 Cr | Investors: Niyo Solutions Inc. |
| Mar 2022 | Rights issue | ₹341.42 Cr | Investors: Niyo Solutions Inc. |
| Nov 2021 | Funding round | ₹5.5 Cr | Investors: Alteria Capital |
Full deal history
All 12 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 Finnew Solutions Private Limited
Finnew Solutions Private Limited has 1 court case on record: 1 where it is another party. All case is pending. Status as checked on 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Kerala | Writ petition | Company is another party | Pending |
Full case history
All 1 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 Finnew Solutions Private Limited
Finnew Solutions Private Limited has 10 MSME Form 1 returns on record between 2019 and 2023, listing 253 overdue payments to 49 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 49)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Collinson Services India LLP | •••• | •••• | •••• |
| Yalamanchili Software Exports Limited | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Route Mobile Limited | •••• | •••• | •••• |
| Frslabs Research Systems Private Limited | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 10 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.
Associated Brands with Finnew Solutions Private Limited
Finnew Solutions operates one associated brand: Niyo. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Online platform for wealth management | goniyo.com |
Employees and EPFO Compliance at Finnew Solutions Private Limited
Finnew Solutions Private Limited has a workforce of 408 employees as of Mar 31, 2024.
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.
Group Structure of Finnew Solutions Private Limited
Finnew Solutions has 1 associated company. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
News related to Finnew Solutions Private Limited
Recent Activity on Finnew Solutions Private Limited
Finnew Solutions Private Limited has 9 board changes on record since 2015: 6 appointments and 3 cessations. The latest: Kartik Srivatsa ceased to be Nominee Director on 12 Mar 2025.
3 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Finnew Solutions Private Limited
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 Finnew Solutions Private Limited
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 Finnew Solutions Private Limited
Finnew Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCF6950H1ZE | Karnataka | Active | 01 Jul 2017 |
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 Finnew Solutions Private Limited
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.
Frequently Asked Questions about Finnew Solutions Private Limited
Finnew Solutions is an active private limited company based in Bangalore, Karnataka, India. The company works in prepaid card services, within the financial services industry. It was incorporated on 23 November 2015 (11+ years old) and is registered under CIN U74900KA2015PTC084275.
Finnew Solutions reported revenue of ₹178.52 Cr for FY 2026 (up 77% YoY).
Finnew Solutions has 6 current directors and KMP:
- Anand Daniel - Nominee Director
- Gautam Rasiklal Ashra - Director
- Nithya Easwaran - Director
- Virender Singh Bisht - Director
- Gourav Kumar - Cfo
- Vinay Bagri - Ceo
Finnew Solutions reported a net loss of ₹32.63 Cr (net margin -18.3%) and EBITDA of -₹28.22 Cr (EBITDA margin -15.8%) for FY 2026, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Finnew Solutions is 9% over three years and 41% over five years. In the latest year (FY 2026) revenue rose 77%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Finnew Solutions is 29AACCF6950H1ZE, registered in Karnataka.
The CIN (Corporate Identification Number) of Finnew Solutions is U74900KA2015PTC084275. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Finnew Solutions has 1 court case on record. 1 is pending.
Finnew Solutions was incorporated on 23 November 2015, making it 11+ years old. It is registered with the Registrar of Companies, Bangalore.
Finnew Solutions has 12 deals on record (10 rights issues, 1 funding round, 1 secondary share transfer), with disclosed funding of ₹5.5 Cr; the latest was in July 2024.
The peers of Finnew Solutions by revenue are Vouchagram India Private Limited, Overtone Business Solutions Private Limited, Oberthur Technologies India Private Limited, Toppan Security India Private Limited, Giftrix Technologies Private Limited and 2 more, all in the BFSI industry (Prepaid and Cash Cards).
Kartik Srivatsa ceased to be Nominee Director on 12 Mar 2025. Gautam Rasiklal Ashra ceased to be Additional Director on 26 Sep 2024. Nithya Easwaran ceased to be Additional Director on 26 Sep 2024. Finnew Solutions has 9 board changes on record in total.