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Finnov India Development Center Private Limited - financial services in Indore, Madhya Pradesh, India. Directors, charges & compliance details.
Revenue · FY 2025
₹10.99 Lakh
▼ 37% YoY
Net profit · FY 2025
₹41,447
Net margin 3.8%
EBITDA · FY 2025
₹74,218
EBITDA margin 6.8%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
5 yrs
Est. 2021
Directors on board
2
As per MCA filings
Brands
2
Associated brands
About Finnov India Development Center Private Limited
Data last updated:
Finnov India Development Center Private Limited is a private limited company based in Indore, Madhya Pradesh, India, recognised as a startup by DPIIT. It operates in the financial auxiliary services segment of the financial services sector. It was incorporated on 09 March 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U67190MP2021PTC055279.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Palkesh Kushwah and Abhishek Kushwah.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at No 80/12 3rd Floor Patnipura Chouraha, Indore, Madhya Pradesh, India – 452001.
As per the financials filed for FY 2025, the company reported a revenue of ₹10.99 Lakh, a decline of 37% compared to the previous year. For the same year it recorded a net profit of ₹41,447 (net margin 3.8%) and EBITDA of ₹74,218 (EBITDA margin 6.8%). Revenue has grown at a compounded annual rate (CAGR) of 69% over three years.
The company is associated with 2 brands: Finnov Partner and Finnov India.
Finnov India Development Center Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MP-23-0016662). For more details, the company can be reached via its website finnovindia.com.
Company details
CIN U67190MP2021PTC055279
Registration Number 055279
Incorporation Date 09 March 2021
ROC Gwalior
Listing Status Unlisted
Company Status Active
Date of Last AGM 29 September 2025
Date of Balance Sheet 31 March 2025
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-MP-23-0016662
Recognitions & Rankings of Finnov India Development Center
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-MP-23-0016662
Contact details
Finnov India Development Center Private Limited's registered office is in Indore, Madhya Pradesh.
- Social Media
- Registered AddressNo 80/12 3rd Floor Patnipura Chouraha, Indore, Madhya Pradesh, India – 452001
- IndustryFinancial Services, Auxiliary To Financial Intermediatory
Comprehensive company report
Finnov India Development Center 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
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Brands
Finnov India Development Center operates two associated brands: Finnov Partner and Finnov India. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| An app-based correspondent banking solution for businesses. | finnovpartner.com | |
| Platform for comparing loans from various lenders for personal, business, and micro financing needs. | finnovindia.com |
Business activity
The main business activity of Finnov India Development Center is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Finnov India Development Center Private Limited, buy the company report.
Financials of Finnov India Development Center Private Limited
FY 2025 filings availableFinnov India Development Center Private Limited reported revenue of ₹10.99 Lakh (down 37% YoY) for FY 2025.
Revenue · FY 2025
₹10.99 Lakh ▼ 37%
Net profit · FY 2025
₹41,447 margin 3.8%
EBITDA · FY 2025
₹74,218 margin 6.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 37%
3 years · compounded
▲ 69%
EBITDA CAGR growth
1 year
▼ 11%
3 years · compounded
▲ 31%
Revenue fell 37% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 69%. EBITDA fell 11% 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 | ₹74,218 | ||||
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| Net Profit (PAT) | ₹41,447 | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6.8% | ||||
| Net Profit Margin | 3.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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| Payable Days | |||||
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To see the full financial statements and ratios of Finnov India Development Center Private Limited, buy the company report.
Board of directors of Finnov India Development Center Private Limited
Finnov India Development Center has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Palkesh Kushwah | Director | 09 Mar 2021 | 5 Years 7 Months | Current |
| Abhishek Kushwah | Director | 09 Mar 2021 | 5 Years 7 Months | Current |
Peer comparison
Finnov India Development Center Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| M C M Investments and Finance Limited | ₹11 Lakh (FY 2018) | 56.0% | Coimbatore, Tamil Nadu, India | |||
| Zigma Distributors Private Limited | ₹11 Lakh (FY 2019) | -32.0% | Kolkata, West Bengal, India | |||
| Tuvik Investments Private Limited | ₹11 Lakh (FY 2017) | Mumbai, Maharashtra, India | ||||
| Nigolice Trading Pvt Ltd | ₹11 Lakh (FY 2024) | 10.0% | Kolkata, West Bengal, India | |||
| Finaptech Financial Services Private Limited | ₹11 Lakh (FY 2024) | -54.0% | New Delhi, Delhi, India | |||
| Finnov India Development Center Private Limitedthis company | ₹10.99 Lakh (FY 2025) | ₹41,447 | 3.8% | -37.0% | Indore, Madhya Pradesh, India | |
| Camino Trade and Investment Pvt Ltd | ₹10.99 Lakh (FY 2025) | 1.0% | Kolkata, West Bengal, India | |||
| Joy Forex Private Limited | ₹10.98 Lakh (FY 2025) | -75.0% | New Delhi, Delhi, India | |||
| Major Kuries Private Limited | ₹10.98 Lakh (FY 2025) | 0.0% | Thrichur, Kerala, India | |||
| Marathwada Urban Nidhi Limited | ₹10.97 Lakh (FY 2024) | -6.0% | Pathari, Maharashtra, India | |||
| Bright View Commerce Private Limited | ₹10.97 Lakh (FY 2024) | 7.0% | Serampore, West Bengal, India |
To see the full peer comparison of Finnov India Development Center Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Finnov India Development Center 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 Finnov India Development Center Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Finnov India Development Center Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Finnov India Development Center Private Limited has 2 board changes on record since 2021: 2 appointments. The latest: Abhishek Kushwah was appointed as Director on 09 Mar 2021.
AGM
Finnov India Development Center Private Limited last Annual general meeting of members was held on 29 Sep 2025 as per latest MCA records.
Filing
Finnov India Development Center Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Gwalior.
Appointed
Abhishek Kushwah was appointed as Director.
Appointed
Palkesh Kushwah was appointed as Director.
Incorporation
09 Mar 2021
Finnov India Development Center Private Limited was registered on 09 Mar 2021 with Roc Gwalior & aged 5 years 7 months as per MCA records.
Frequently asked questions
Finnov India Development Center is an active private limited company based in Indore, Madhya Pradesh, India. The company works in auxiliary to financial intermediatory, within the financial services industry. It was incorporated on 09 March 2021 (5+ years old) and is registered under CIN U67190MP2021PTC055279.
Finnov India Development Center has 2 current directors:
- Palkesh Kushwah - Director
- Abhishek Kushwah - Director
The latest financial statements of Finnov India Development Center on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from FY 2021 are in the company report.
The CIN (Corporate Identification Number) of Finnov India Development Center is U67190MP2021PTC055279. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Finnov India Development Center was incorporated on 09 March 2021, making it 5+ years old. It is registered with the Registrar of Companies, Gwalior.
The peers of Finnov India Development Center by revenue are M C M Investments and Finance Limited, Zigma Distributors Private Limited, Tuvik Investments Private Limited, Nigolice Trading Pvt Ltd, Finaptech Financial Services Private Limited and 5 more, all in the same principal business activity (other financial activities).
Abhishek Kushwah was appointed as Director on 09 Mar 2021. Palkesh Kushwah was appointed as Director on 09 Mar 2021.
Yes, Finnov India Development Center is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Finnov India Development Center is registered as a micro enterprise under Udyam registration (number: UDYAM-MP-23-0016662).
Finnov India Development Center can be reached through the website finnovindia.com. Its registered office is in Indore, Madhya Pradesh, India.
The registered office of Finnov India Development Center is at No 8012 3rd Floor Patnipura Chouraha, Indore, Madhya Pradesh, India – 452001.
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