Finnovate Technology Solutions Private Limited - Company Profile

It is a internet private limited company based in New Delhi, Delhi, India, established in 2016.

2016 New Delhi, Delhi, India Active

Last Updated: February 13, 2026

About Finnovate Technology Solutions Private Limited

Finnovate Technology Solutions Private Limited, a active private limited company, was established on 21 September 2016 in New Delhi, Delhi, India. Engaging in online financial services within the financial and insurance service sector, it holds CIN: U74999DL2016PTC306183. Registered under ROC Roc Delhi. it is unlisted. It has an authorized capital of ₹1.10 M and a paid-up capital of ₹0.33 M.

Formerly known as 1. Finnovate Technology Solutions Private Limited. It upholds a compliant status. Its leadership includes Jamil Akhtar (Director), Khursheed Ahmad (Director). Past directors included Mazharul Haque, Saurabh Chharia, Khursheed Ahmad. Its latest AGM occurred on 30 September 2024, with the balance sheet filed on 31 March 2024. It is based at A-8, 01St Floor, Abul Fazal Enclave Part-I Jamia Nagar, Okhla, New Delhi, Delhi, 110025.

Company Details

CIN/LLPIN
U74999DL2016PTC306183
Registration Number
306183
Incorporation Date
21 September 2016
Authorized Capital
₹1.10 M
Paid-Up Capital
₹0.33 M
ROC Code
Roc Delhi
Listing Status
Unlisted
Company Status
Active

Key Metrics

Authorised Capital ₹ 1.10 M as on 13-02-2026
Paid Up Capital ₹ 0.33 M as on 13-02-2026
Company Age 9 Year, 5 Months
Last Filing with ROC 31 Mar 2024
Revenue Growth **** -79.93% (FY 2020)
Profit Growth **** -111.43% (FY 2020)
Ebitda **** -146.41% (FY 2020)
Net Worth 3006.34% (FY 2020)
Total Assets **** 779.36% (FY 2020)

Comprehensive Company Insights

Explore comprehensive insights into Finnovate Technology Solutions Private Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Finnovate Technology Solutions Private Limited?

Current Directors

Name	Designation	Appointment Date	Status
Jamil Akhtar	Director	21 Sep 2016	Current
Khursheed Ahmad	Director	25 Jun 2018	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Additional Director	26 Jun 2018	Past
Pramod Abcsdd	Director	14 Jun 2017	Past
Pramod Abcsdd	Additional Director	29 Sep 2018	Past

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Financial Performance of Finnovate Technology Solutions.

Finnovate Technology Solutions Private Limited, for the financial year ended 2020, experienced significant reduction in revenue, with a 79.93% decrease. The company also saw a substantial fall in profitability, with a 111.43% decrease in profit. The company's net worth Soared by an impressive increase of 3006.34%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

********

-79.93%

*******

Revenue from Operations

*******

-81.88%

*******

Total Assets

*******

779.36%

*******

Profit or Loss

*******

-111.43%

*******

Net Worth

*******

3006.34%

*******

EBITDA

*******

-146.41%

*******

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What is the Ownership and Shareholding Structure of Finnovate Technology Solutions?

In 2020, Finnovate Technology Solutions had a promoter holding of 83.20% and a public holding of 16.80%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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How Many Employees Work at Finnovate Technology Solutions?

Unlock and access historical data on people associated with Finnovate Technology Solutions, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Finnovate Technology Solutions, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Finnovate Technology Solutions's trajectory.

Rating

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Alerts

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Latest Updates, News, and FAQs on Finnovate Technology Solutions

Recent Activity within the Organization

Annual General Meeting

Finnovate Technology Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records. was recorded as a recent event.
30 Sep 2024
Balance Sheet

Finnovate Technology Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Delhi. was recorded as a recent event.
31 Mar 2024
Director Appointment

Progress on Khursheed Ahmad was appointed as a Director was appointed as a Director on 25 Jun 2018 & has been associated with this company since 7 years 8 months . was documented.
25 Jun 2018
Director Appointment

The activity Jamil Akhtar was appointed as a Director was appointed as a Director on 21 Sep 2016 & has been associated with this company since 9 years 5 months . was completed.
21 Sep 2016
Company Incorporation

The activity Finnovate Technology Solutions Private Limited was registered on 21 Sep 2016 with Roc Delhi & aged 9 years 5 months as per MCA records. was completed.
21 Sep 2016

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