About Finnovate Technology Solutions Private Limited
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Finnovate Technology Solutions Private Limited is a private limited company based in New Delhi, Delhi, India, recognised as a startup by DPIIT. It operates in the online financial services segment of the internet and digital services sector. It was incorporated on 21 September 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74999DL2016PTC306183. Its GSTIN is 07AACCF9255B2ZR (Delhi). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹11 Lakh and a paid-up capital of ₹3.31 Lakh. It was formerly known as 1. Finnovate Technology Solutions Private Limited. It is led by directors Jamil Akhtar and Khursheed Ahmad.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at A – 8 01st Floor Abul Fazal Enclave Part – I Jamia Nagar Okhla, New Delhi, Delhi, India – 110025.
As per the financials filed for FY 2021, the company reported a revenue of ₹5.75 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹61.81 Lakh and EBITDA of -₹28.51 Lakh (EBITDA margin -495.5%). Revenue has grown at a compounded annual rate (CAGR) of 68% over three years.
The company is associated with 1 brand: Quikkloan.com. The company has 5 deals on record (3 funding rounds, 1 rights issue, 1 secondary share transfer), with disclosed funding of ₹86 Lakh; the latest was in March 2022. Its 10 peer companies in the Ecommerce and Internet industry (Finance) are compared by revenue, 5 larger and 5 smaller; the largest is Antardhara Properties and Finance Pvt Ltd with revenue of ₹5.82 Lakh.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website quikkloan.com.
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- Registered AddressA – 8 01st Floor Abul Fazal Enclave Part – I Jamia Nagar Okhla, New Delhi, Delhi, India – 110025
- IndustryInternet, Online Financial 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
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Business Activity of Finnovate Technology Solutions Private Limited
The main business activity of Finnovate Technology Solutions is financial and insurance service. In detail, this covers financial advisory, brokerage and consultancy services.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K7 | Financial Advisory, brokerage and Consultancy Services | 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 Finnovate Technology Solutions Private Limited FY 2024 filings available
Finnovate Technology Solutions Private Limited reported revenue of ₹5.75 Lakh (up 9300% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR) of Finnovate Technology Solutions Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 68% over three years. EBITDA fell 184% 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 Finnovate Technology Solutions Private Limited
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| 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 | -₹28.51 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹61.81 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 of Finnovate Technology Solutions Private Limited
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -495.5% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
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 Finnovate Technology Solutions are in the company report.
Financial statements from FY 2017
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 Finnovate Technology Solutions Private Limited
Finnovate Technology Solutions Private Limited is compared with the companies closest to it by revenue in the Ecommerce and Internet industry (Finance). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Antardhara Properties and Finance Pvt Ltd | ₹5.82 Lakh (FY 2025) | •••• | •••• | 1841.0% | •••• | Raipur, Chhattisgarh, India |
| Agm Investments & Finance Private Limited | ₹5.81 Lakh (FY 2024) | •••• | •••• | 5.0% | •••• | Chennai, Tamil Nadu, India |
| Acroamatic Micro Finance | ₹5.8 Lakh (FY 2025) | •••• | •••• | •••• | Uttarakhand, India | |
| Access Livelihoods Development Finance Private Limited | ₹5.79 Lakh (FY 2025) | •••• | •••• | -70.0% | •••• | Hyderabad, Telangana, India |
| Apex Finance Limited | ₹5.78 Lakh (FY 2025) | •••• | •••• | 2.0% | •••• | Varanasi, Uttar Pradesh, India |
| Finnovate Technology Solutions Private Limited this company | ₹5.75 Lakh (FY 2021) | •••• | •••• | 9300.0% | •••• | New Delhi, Delhi, India |
| Affinity Finance Private Limited | ₹5.74 Lakh (FY 2025) | •••• | •••• | 8.0% | •••• | Kolkata, West Bengal, India |
| Brikshya Micro Finance Private Limited | ₹5.73 Lakh (FY 2025) | •••• | •••• | •••• | Surajgarha, Bihar, India | |
| Satpura Leasing and Finance Pvt Ltd | ₹5.72 Lakh (FY 2025) | •••• | •••• | 304.0% | •••• | Balaghat, Madhya Pradesh, India |
| Chaturbhuj Finance Limited | ₹5.67 Lakh (FY 2025) | •••• | •••• | -96.0% | •••• | Delhi, India |
| Kanta Finance Pvt Ltd | ₹5.66 Lakh (FY 2023) | •••• | •••• | -61.0% | •••• | Delhi, India |
Peers are the five companies nearest above and the five nearest below Finnovate Technology Solutions by revenue in the Ecommerce and Internet industry (Finance), 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 Finnovate Technology Solutions Private Limited
Finnovate Technology Solutions Private Limited is audited by HASNAIN & CO for the financial year 2020.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| HASNAIN & CO | 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 of Finnovate Technology Solutions Private Limited
Finnovate Technology Solutions has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jamil Akhtar | Director | 21 Sep 2016 | 10 Years 0 Months | Current |
| Khursheed Ahmad | Director | 25 Jun 2018 | 8 Years 3 Months | Current |
Ownership and Shareholding of Finnovate Technology 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 Finnovate Technology Solutions Private Limited
Finnovate Technology Solutions Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding of Finnovate Technology Solutions Private Limited
Finnovate Technology Solutions Private Limited has 5 deals on record (3 funding rounds, 1 rights issue, 1 secondary share transfer), with disclosed funding of ₹86 Lakh; the latest was in March 2022.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2022 | Funding round | ₹25 Lakh | Investors: 3pm Ventures, 2 individuals |
| Dec 2020 | Rights issue | ₹10 Lakh | Investors: 2 individuals |
| Nov 2019 | Funding round | ₹50 Lakh | Investors: 3 individuals |
| Feb 2018 | Funding round | ₹11 Lakh | Investors: Startupbootcamp |
| Jun 2017 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
Full deal history
All 5 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.
Associated Brands with Finnovate Technology Solutions Private Limited
Finnovate Technology Solutions operates one associated brand: Quikkloan.com. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Personal, home, car, and small business loans are provided. | quikkloan.com |
Employees and EPFO Compliance at Finnovate Technology Solutions Private Limited
Employment history and EPFO contributions of people linked to Finnovate Technology Solutions.
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.
News related to Finnovate Technology Solutions Private Limited
Recent Activity on Finnovate Technology Solutions Private Limited
Finnovate Technology Solutions Private Limited has 5 board changes on record since 2016: 2 appointments and 3 cessations. The latest: Khursheed Ahmad ceased to be Additional Director on 29 Sep 2018.
Credit Ratings, Litigation & Regulatory Alerts for Finnovate Technology 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.
MSME Payment Delays by Finnovate Technology Solutions Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Finnovate Technology 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 Finnovate Technology Solutions Private Limited
Finnovate Technology Solutions has 3 GST registrations: 2 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AACCF9255B2ZR | Delhi | Active | 26 Aug 2017 |
| 09AACCF9255B1ZO | Uttar Pradesh | Active | 13 Jan 2020 |
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 Finnovate Technology 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 Finnovate Technology Solutions Private Limited
Finnovate Technology Solutions is an active private limited company based in New Delhi, Delhi, India. The company works in online financial services, within the internet industry. It was incorporated on 21 September 2016 (10+ years old) and is registered under CIN U74999DL2016PTC306183.
Finnovate Technology Solutions reported revenue of ₹5.75 Lakh for FY 2021 (up 9300% YoY).
Finnovate Technology Solutions has 2 current directors:
- Jamil Akhtar - Director
- Khursheed Ahmad - Director
Finnovate Technology Solutions reported a net loss of ₹61.81 Lakh and EBITDA of -₹28.51 Lakh (EBITDA margin -495.5%) for FY 2021, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Finnovate Technology Solutions is 68% over three years. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Finnovate Technology Solutions is 07AACCF9255B2ZR, registered in Delhi. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 09AACCF9255B1ZO (Uttar Pradesh).
The CIN (Corporate Identification Number) of Finnovate Technology Solutions is U74999DL2016PTC306183. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Finnovate Technology Solutions was incorporated on 21 September 2016, making it 10+ years old. It is registered with the Registrar of Companies, Delhi.
Finnovate Technology Solutions has 5 deals on record (3 funding rounds, 1 rights issue, 1 secondary share transfer), with disclosed funding of ₹86 Lakh; the latest was in March 2022.
The peers of Finnovate Technology Solutions by revenue are Antardhara Properties and Finance Pvt Ltd, Agm Investments & Finance Private Limited, Acroamatic Micro Finance, Access Livelihoods Development Finance Private Limited, Apex Finance Limited and 5 more, all in the Ecommerce and Internet industry (Finance).
Khursheed Ahmad ceased to be Additional Director on 29 Sep 2018. Mazharul Haque ceased to be Additional Director on 26 Jun 2018. Khursheed Ahmad was appointed as Director on 25 Jun 2018. Finnovate Technology Solutions has 5 board changes on record in total.