India's Most Valuable Companies 2025 edition · Source: Hurun India
- Valuation
- ₹14,220 Cr
Finnovation Tech Solutions Private Limited - internet in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹682.12 Cr
▼ 3% YoY
Net profit · FY 2025
₹237.02 Cr
Net margin 34.7%
EBITDA · FY 2025
₹333.9 Cr
EBITDA margin 49%
Authorised capital
₹4.55 Cr
Registered with MCA
Paid-up capital
₹1.69 Cr
Issued & subscribed
Open charges
₹699.75 Cr
Satisfied ₹170 Cr
Company age
10 yrs
Est. 2016
Employees · EPFO
1,261
Provident fund records
About Finnovation Tech Solutions Private Limited
Data last updated:
Finnovation Tech Solutions Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Finnov Private Limited. It operates in the online financial services segment of the internet and digital services sector. It was incorporated on 15 March 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74900KA2016PTC086953. Its GSTIN is 29AACCF7831R1ZV (Karnataka).
The company has an authorised share capital of ₹4.55 Cr and a paid-up capital of ₹1.69 Cr. It is led by directors including Madhusudan Ekambaram and Karthikeyan Krishnaswamy.
Its last annual general meeting (AGM) was held on 26 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 4th Floor Anjaneya Techno Park, Bangalore, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹682.12 Cr, a decline of 3% compared to the previous year. For the same year it recorded a net profit of ₹237.02 Cr (net margin 34.7%) and EBITDA of ₹333.9 Cr (EBITDA margin 49%). Revenue has grown at a compounded annual rate (CAGR) of 15% over three years and 3% over five years.
The company has about 1,261 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: KreditBee. As per MCA filings, the company has open charges of ₹699.75 Cr and satisfied charges of ₹170 Cr on record. Court records list 23 cases involving the company, including 5 filed by the company and 18 filed against it; 15 cases are pending. The company has 16 deals on record (9 secondary share transfers, 7 funding rounds), with disclosed funding of ₹3,081.05 Cr; the latest was in April 2026. The company has 21 MSME Form 1 returns on record between 2019 and 2024, listing 258 overdue payments to 71 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 krazybee.com.
Company details
CIN U74900KA2016PTC086953
Registration Number 086953
Incorporation Date 15 March 2016
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 26 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Finnov Private Limited
Compliance Status Active Compliant
Key People
Madhusudan Ekambaram Director Karthikeyan Krishnaswamy Director Harry Archerman Nominee Director Recognitions & Rankings of Finnovation Tech Solutions
Contact details
Finnovation Tech Solutions Private Limited's registered office is in Bangalore, Karnataka. Its website is krazybee.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address4th Floor Anjaneya Techno Park No. 147, Hal Old Airport Road Isro Colony Kodihalli, Bangalore, Karnataka, India – 560008
- IndustryInternet, Online Financial Services
To see the full contact details of Finnovation Tech Solutions Private Limited, buy the company report.
Comprehensive company report
Finnovation Tech Solutions 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
Finnovation Tech Solutions operates one associated brand: KreditBee. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Personal loans are offered via an online lending marketplace. | kreditbee.in |
Business activity
The main business activity of Finnovation Tech Solutions is information and communication. In detail, this covers other information & communication service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Finnovation Tech Solutions Private Limited, buy the company report.
Financials of Finnovation Tech Solutions Private Limited
FY 2025 filings availableFinnovation Tech Solutions Private Limited reported revenue of ₹682.12 Cr (down 3% YoY) for FY 2025.
Revenue · FY 2025
₹682.12 Cr ▼ 3%
Net profit · FY 2025
₹237.02 Cr margin 34.7%
EBITDA · FY 2025
₹333.9 Cr margin 49%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 3%
3 years · compounded
▲ 15%
5 years · compounded
▲ 3%
EBITDA CAGR growth
1 year
▲ 79%
3 years · compounded
▲ 101%
5 years · compounded
▲ 20%
Revenue fell 3% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 3%. EBITDA rose 79% 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 | ₹333.9 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹237.02 Cr | ||||
| Balance Sheet | |||||
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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 | 49% | ||||
| Net Profit Margin | 34.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Finnovation Tech Solutions Private Limited, buy the company report.
Board of directors of Finnovation Tech Solutions Private Limited
Finnovation Tech Solutions has 7 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Madhusudan Ekambaram Also directs: Krazybee Services Limited, NXG Innovation Labs LLP, VMD Investment Services LLP and 1 more | Director | 15 Mar 2016 | 10 Years 7 Months | Current |
| Karthikeyan Krishnaswamy Also directs: Krazybee Services Limited, VMD Investment Services LLP | Director | 15 Mar 2016 | 10 Years 7 Months | Current |
| Harry Archerman | Nominee Director | 19 Jul 2024 | 2 Years 3 Months | Current |
| Vinit Mukesh Mehta | Nominee Director | 01 Apr 2024 | 2 Years 6 Months | Current |
| Gagan Lalit Mohan Joshi Also directs: Krazybee Services Limited, Svatantra Microfin Private Limited | Nominee Director | 01 Apr 2024 | 2 Years 6 Months | Current |
| Mamtesh Sugla Also directs: Krazybee Services Limited, Newquest Advisors (India) LLP, Manak Waste Management Private Limited and 1 more | Nominee Director | 01 Apr 2024 | 2 Years 6 Months | Current |
Showing 6 of 7 current directors. View all directors
Auditor
Finnovation Tech Solutions Private Limited is audited by Walker Chandiok & Co LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Walker Chandiok & Co LLP | FY 2023 | 001076N/N500013 |
Shareholding
The shareholding of Finnovation Tech Solutions 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 Finnovation Tech Solutions Private Limited, buy the company report.
Charges & borrowings
Open charges
₹699.75 Cr
Satisfied charges
₹170 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 Jul 2025 | 101145174 | Others | ₹150 Cr | Open | |
| 05 Mar 2025 | 101070248 | Others | ₹50 Cr | Open | |
| 21 Dec 2024 | 101030492 | Others | ₹50 Cr | Open | |
| 30 Apr 2024 | 100921097 | Yes Bank Limited | ₹299.75 Cr | Open | |
| 25 Jan 2024 | 100880053 | Others | ₹150 Cr | Open |
To see the full charge records of Finnovation Tech Solutions Private Limited, buy the company report.
Total charge records: 10 View all charges
Deals & funding
Finnovation Tech Solutions Private Limited has 16 deals on record (9 secondary share transfers, 7 funding rounds), with disclosed funding of ₹3,081.05 Cr; the latest was in April 2026.
Total deals
16
Secondary share transfers
9
Funding rounds
7
Disclosed funding
₹3,081.05 Cr
Deals on record (5 of 16)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2026 | Funding round · Series E | ₹2,591.4 Cr | Investors: Motilal Oswal Private Equity, Hornbill Capital, White Oak Capital Management |
| Dec 2024 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: Coinage Consultant Pte. Limited |
| Sep 2024 | Secondary share transfer | Undisclosed | Buyer: Straits Strategic Advisors India LLP , Arkam Ventures Seller: Malacca Global Investments Pte. Limited, 2 individuals |
| Aug 2024 | Secondary share transfer | Undisclosed | Buyer: Motilal Oswal Private Equity, Arkam Ventures, an individual Seller: ADM Capital Singapore Pte. Limited, 3 individuals |
| Jul 2024 | Secondary share transfer | Undisclosed | Buyer: Coinage Consultant Pte. Limited, Business Excellence Trust III, 2 individuals Seller: Finnov Pte Limited |
To see the full deal history of Finnovation Tech Solutions 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
Finnovation Tech Solutions Private Limited has 23 court cases on record: 5 filed by Finnovation Tech Solutions, 18 filed against it. 15 cases are pending and 8 are disposed.
Total cases
23
Filed by the company
5
Filed against the company
18
Pending
15
Disposed
8
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 18 | 15 | 13 |
| High courts | 4 | 3 | 2 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 23)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Above Edge Tech Solutions Pvt Ltd and Others | Disposed |
| District court, Visakapatnam, Andhra Pradesh | Civil suit | Filed against the company by an individual | Pending |
| District court, Hyderabad CCC, Telangana | Civil suit | Filed against the company | Pending |
| District court, BENGALURU, Karnataka | Civil suit | Filed by the company against an individual | Pending |
| High Court, ANDHRAPRADESH | Writ petition | Filed against the company by individuals | Pending |
To see the full case history of Finnovation Tech Solutions 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
Finnovation Tech Solutions Private Limited has 21 MSME Form 1 returns on record between 2019 and 2024, listing 258 overdue payments to 71 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 71)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Huey Tech Limited | |||
| Kickstart Vision to Reality Private Limited | |||
| Mount Talent Consulting Private Limited | |||
| Sree Krishna Agencies | |||
| Prologic Web Solutions Private Limited |
To see the full MSME payment records of Finnovation Tech Solutions Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Finnovation Tech Solutions Private Limited has a workforce of 1,261 employees on its EPFO records as of Mar 29, 2024, across 1 active EPFO establishment.
Employee count
1,261
Active EPFO establishments
1
Employee growth
-31.8%
GST
Finnovation Tech Solutions has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCF7831R1ZV | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Finnovation Tech Solutions Private Limited, buy the company report.
Recent activity
Finnovation Tech Solutions Private Limited has 7 board changes on record since 2016: 7 appointments. The latest: Harry Archerman was appointed as Nominee Director on 19 Jul 2024.
AGM
Finnovation Tech Solutions Private Limited last Annual general meeting of members was held on 26 Sep 2025 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 150.00 Cr with Charge ID 101145174 was registered on 05 Jul 2025.
Filing
Finnovation Tech Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Charges
A charge with Others of Rs. 50.00 Cr registered on 21 Dec 2024 with Charge ID 101030492 was modified on 24 Mar 2025.
Charges
A charge with Others amounted to Rs. 50.00 Cr with Charge ID 101070248 was registered on 05 Mar 2025.
Charges
A charge with Others of Rs. 150.00 Cr registered on 25 Jan 2024 with Charge ID 100880053 was modified on 31 Dec 2024.
Charges
A charge with Others amounted to Rs. 50.00 Cr with Charge ID 101030492 was registered on 21 Dec 2024.
Appointed
Harry Archerman was appointed as Nominee Director.
Charges
A charge with Yes Bank Limited amounted to Rs. 299.75 Cr with Charge ID 100921097 was registered on 30 Apr 2024.
Charges
A charge registered on 28 Feb 2024 via Charge ID 100882968 with Yes Bank Limited was fully satisfied on 04 Apr 2024.
Charges
A charge registered on 17 Jan 2024 via Charge ID 100862411 with Yes Bank Limited was fully satisfied on 04 Apr 2024.
Appointed
Gagan Lalit Mohan Joshi was appointed as Nominee Director.
15 earlier events are in the company report.
News
Frequently asked questions
Finnovation Tech Solutions is an active private limited company based in Bangalore, Karnataka, India. The company works in online financial services, within the internet industry. It was incorporated on 15 March 2016 (10+ years old) and is registered under CIN U74900KA2016PTC086953.
Finnovation Tech Solutions has 7 current directors:
- Madhusudan Ekambaram - Director
- Karthikeyan Krishnaswamy - Director
- Harry Archerman - Nominee Director
- Vinit Mukesh Mehta - Nominee Director
- Gagan Lalit Mohan Joshi - Nominee Director
- Mamtesh Sugla - Nominee Director
- Nattanmai Venkataraman Saravanan - Nominee Director
The latest financial statements of Finnovation Tech Solutions on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 26 September 2025. Year-wise statements from FY 2016 are in the company report.
The GSTIN of Finnovation Tech Solutions is 29AACCF7831R1ZV, registered in Karnataka.
The CIN (Corporate Identification Number) of Finnovation Tech Solutions is U74900KA2016PTC086953. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Finnovation Tech Solutions has 23 court cases on record: 5 filed by the company and 18 filed against it. 15 are pending. Most are in the district courts.
Finnovation Tech Solutions was incorporated on 15 March 2016, making it 10+ years old. It is registered with the Registrar of Companies, Bangalore.
Finnovation Tech Solutions has 16 deals on record (9 secondary share transfers, 7 funding rounds), with disclosed funding of ₹3,081.05 Cr; the latest was in April 2026.
Harry Archerman was appointed as Nominee Director on 19 Jul 2024. Gagan Lalit Mohan Joshi was appointed as Nominee Director on 01 Apr 2024. Mamtesh Sugla was appointed as Nominee Director on 01 Apr 2024. Finnovation Tech Solutions has 7 board changes on record in total.
Finnovation Tech Solutions has 21 MSME Form 1 returns on record between 2019 and 2024, listing 258 overdue payments to 71 micro and small suppliers. The latest return was filed on 01 May 2024.
Finnovation Tech Solutions can be reached through the website krazybee.com. Its registered office is in Bangalore, Karnataka, India.
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