MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-MH-18-0074101
Finnovate Financial Services Private Limited - financial services in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹4.18 Cr
▲ 8% YoY
Net loss · FY 2025
₹3.75 Cr
Net margin -89.8%
EBITDA · FY 2025
-₹4.27 Cr
EBITDA margin -102.3%
Authorised capital
₹2 Cr
Registered with MCA
Paid-up capital
₹1.18 Cr
Issued & subscribed
Open charges
₹8.5 Lakh
Secured borrowings
Company age
19 yrs
Est. 2007
Directors on board
2
As per MCA filings
About Finnovate Financial Services Private Limited
Data last updated:
Finnovate Financial Services Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 12 July 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U67190MH2007PTC172272. Its GSTIN is 27AABCF1124C2ZC (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.18 Cr. It is led by directors Nehal Pravin Mota and Naveen Singh.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 703 The Summit Business Park, Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹4.18 Cr, a growth of 8% compared to the previous year. For the same year it recorded a net loss of ₹3.75 Cr (net margin -89.8%) and EBITDA of -₹4.27 Cr (EBITDA margin -102.3%). Revenue has grown at a compounded annual rate (CAGR) of 23% over three years and 48% over five years.
The company is associated with 1 brand: Finnovate. As per MCA filings, the company has open charges of ₹8.5 Lakh on record. Court records list 2 cases involving the company, including 2 filed against it; 1 case is pending. The company has 9 deals on record (6 funding rounds, 3 secondary share transfers), with disclosed funding of ₹26.75 Cr; the latest was in June 2026. The company has 3 MSME Form 1 returns on record between 2023 and 2024, listing 15 overdue payments to 5 micro and small suppliers.
Finnovate Financial Services Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-18-0074101). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website finnovate.in.
Company details
CIN U67190MH2007PTC172272
Registration Number 172272
Incorporation Date 12 July 2007
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-MH-18-0074101
Key People
Nehal Pravin Mota Director Naveen Singh Director Recognitions & Rankings of Finnovate Financial Services
Contact details
Finnovate Financial Services Private Limited's registered office is in Mumbai, Maharashtra. Its website is finnovate.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressUnit No.703 The Summit Business Park Premises Csl Off. Andheri Kurla Road Prakshwadi And, Heri East, Mumbai, Maharashtra, India – 400093
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of Finnovate Financial Services Private Limited, buy the company report.
Comprehensive company report
Finnovate Financial Services 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
Finnovate Financial Services operates one associated brand: Finnovate. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Financial planning, investment management, and educational resources are provided. | finnovate.in |
Business activity
The main business activity of Finnovate Financial Services is financial and insurance service. In detail, this covers financial advisory, brokerage and consultancy services.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K7 | Financial Advisory, brokerage and Consultancy Services |
To see the full business activity and turnover split of Finnovate Financial Services Private Limited, buy the company report.
Financials of Finnovate Financial Services Private Limited
FY 2025 filings availableFinnovate Financial Services Private Limited reported revenue of ₹4.18 Cr (up 8% YoY) for FY 2025.
Revenue · FY 2025
₹4.18 Cr ▲ 8%
Net loss · FY 2025
₹3.75 Cr margin -89.8%
EBITDA · FY 2025
-₹4.27 Cr margin -102.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 8%
3 years · compounded
▲ 23%
5 years · compounded
▲ 48%
EBITDA CAGR growth
1 year
▼ 89%
3 years · compounded
▼ 112%
5 years · compounded
▼ 53%
Revenue has grown at a compounded annual rate (CAGR) of 48% over five years, including 8% growth in the latest year. EBITDA fell 89% 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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| Total Expenses | |||||
| EBITDA | -₹4.27 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹3.75 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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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 | -102.3% | ||||
| Net Profit Margin | -89.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
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| Quick Ratio | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
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| Net Profit Growth | |||||
To see the full financial statements and ratios of Finnovate Financial Services Private Limited, buy the company report.
Board of directors of Finnovate Financial Services Private Limited
Finnovate Financial Services has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nehal Pravin Mota Also directs: Finnovate Investment Managers Private Limited | Director | 12 Jul 2007 | 19 Years 3 Months | Current |
| Naveen Singh Also directs: Finnovate Investment Managers Private Limited | Director | 12 Jul 2007 | 19 Years 3 Months | Current |
Auditor
Finnovate Financial Services Private Limited is audited by Kanu Doshi Associates LLP for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Kanu Doshi Associates LLP | FY 2022 | 104746W |
Shareholding
The shareholding of Finnovate Financial Services 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 Finnovate Financial Services Private Limited, buy the company report.
Charges & borrowings
Open charges
₹8.5 Lakh
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Jan 2023 | 100669104 | Hdfc Bank Limited | ₹8.5 Lakh | Open |
Total charge records: 1 View all charges
Deals & funding
Finnovate Financial Services Private Limited has 9 deals on record (6 funding rounds, 3 secondary share transfers), with disclosed funding of ₹26.75 Cr; the latest was in June 2026.
Total deals
9
Funding rounds
6
Secondary share transfers
3
Disclosed funding
₹26.75 Cr
Deals on record (5 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2026 | Funding round · Pre-Series A | ₹18.95 Cr | Investors: Other angel investors, an individual |
| Sep 2022 | Funding round | ₹6.28 Cr | Investors: 4 individuals |
| Aug 2021 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
| Jul 2021 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
| Apr 2019 | Funding round | ₹80 Lakh | Investors: 3 individuals |
To see the full deal history of Finnovate Financial Services 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
Finnovate Financial Services Private Limited has 2 court cases on record: 2 filed against it. 1 case is pending and 1 is disposed.
Total cases
2
Filed against the company
2
Pending
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 1 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Court case (RECO33C 2 LC) | Filed against the company by an individual | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SS CASES S) | Filed against the company by an individual | Disposed |
To see the full case history of Finnovate Financial Services 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.
MSME payment delays
Finnovate Financial Services Private Limited has 3 MSME Form 1 returns on record between 2023 and 2024, listing 15 overdue payments to 5 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 5)
To see the full MSME payment records of Finnovate Financial Services Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Finnovate Financial Services has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCF1124C2ZC | Maharashtra | Active | 17 Aug 2017 |
To see the full GST registrations and return filing status of Finnovate Financial Services Private Limited, buy the company report.
Recent activity
Finnovate Financial Services Private Limited has 2 board changes on record since 2007: 2 appointments. The latest: Naveen Singh was appointed as Director on 12 Jul 2007.
AGM
Finnovate Financial Services Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Finnovate Financial Services Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.09 Cr with Charge ID 100669104 was registered on 03 Jan 2023.
Appointed
Naveen Singh was appointed as Director.
Appointed
Nehal Pravin Mota was appointed as Director.
Incorporation
12 Jul 2007
Finnovate Financial Services Private Limited was registered on 12 Jul 2007 with Roc Mumbai & aged 19 years 3 months as per MCA records.
Frequently asked questions
Finnovate Financial Services is an active private limited company based in Mumbai, Maharashtra, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 12 July 2007 (19+ years old) and is registered under CIN U67190MH2007PTC172272.
Finnovate Financial Services has 2 current directors:
- Nehal Pravin Mota - Director
- Naveen Singh - Director
The latest financial statements of Finnovate Financial Services on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Finnovate Financial Services is 27AABCF1124C2ZC, 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 Finnovate Financial Services is U67190MH2007PTC172272. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Finnovate Financial Services has 2 court cases on record: 2 filed against it. 1 is pending.
Finnovate Financial Services was incorporated on 12 July 2007, making it 19+ years old. It is registered with the Registrar of Companies, Mumbai.
Finnovate Financial Services has 9 deals on record (6 funding rounds, 3 secondary share transfers), with disclosed funding of ₹26.75 Cr; the latest was in June 2026.
Naveen Singh was appointed as Director on 12 Jul 2007. Nehal Pravin Mota was appointed as Director on 12 Jul 2007.
Yes, Finnovate Financial Services is registered as a micro enterprise under Udyam registration (number: UDYAM-MH-18-0074101).
Finnovate Financial Services has 3 MSME Form 1 returns on record between 2023 and 2024, listing 15 overdue payments to 5 micro and small suppliers. The latest return was filed on 29 Apr 2024.
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