About Finsight Business Solutions Private Limited
Data last updated:
Finsight Business Solutions Private Limited is a foreign private limited company based in Bangalore, Karnataka, India, a subsidiary of Altisource Asset Management Corporation. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 05 November 2019.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74999KA2019FTC129323. Its GSTIN is 29AADCF9002D1ZW (Karnataka).
The company has an authorised share capital of ₹2.25 Cr and a paid-up capital of ₹1.95 Cr. It was formerly known as Front Yard Business Solutions Private Limited. It is led by directors including Richard Glen Rodick and Nimesh Dilipbhai Mewada.
Its last annual general meeting (AGM) was held on 06 November 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹37.39 Lakh, a decline of 96% compared to the previous year. For the same year it recorded a net loss of ₹29.42 Lakh (net margin -78.7%) and EBITDA of -₹23.52 Lakh (EBITDA margin -62.9%). Revenue has declined at a compounded annual rate (CAGR) of 61% over three years.
The company has about 25 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Altisource AMC. Court records list 1 case involving the company, including 1 filed against it. The company has 2 deals on record (1 rights issue, 1 secondary share transfer); the latest was in January 2021. Its 10 peer companies in the same principal business activity (other information & communication service activities) are compared by revenue, 5 larger and 5 smaller; the largest is 3M Infosoft Private Limited with revenue of ₹37.49 Lakh. The company has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 7 overdue payments to 2 micro and small suppliers.
The last known website on record is altisourceamc.com.
Company details
Contact details
Finsight Business Solutions Private Limited's registered office is in Bangalore, Karnataka. Its website is altisourceamc.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressKalyan No.4 Hayes Road, Richmond Town Shanthala Nagar, Bangalore, Karnataka, India – 560025
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Finsight Business Solutions Private Limited, buy the company report.
- 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
Brands
Finsight Business Solutions operates one associated brand: Altisource AMC. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Diversified investments are managed across multiple sectors by Altisource. | altisourceamc.com |
Business activity
The main business activity of Finsight Business 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 Finsight Business Solutions Private Limited, buy the company report.
Financials of Finsight Business Solutions Private Limited
FY 2024 filings availableFinsight Business Solutions Private Limited reported revenue of ₹37.39 Lakh (down 96% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 61% over three years, including a 96% fall in the latest year. EBITDA fell 121% 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 | -₹23.52 Lakh | ||||
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| Net Profit (PAT) | -₹29.42 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | -62.9% | ||||
| Net Profit Margin | -78.7% | ||||
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To see the full financial statements and ratios of Finsight Business Solutions Private Limited, buy the company report.
Board of directors of Finsight Business Solutions Private Limited
Finsight Business Solutions has 3 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Richard Glen Rodick | Director | 13 Feb 2024 | 2 Years 8 Months | As last reported |
| Nimesh Dilipbhai Mewada | Director | 13 Feb 2024 | 2 Years 8 Months | As last reported |
| Bharat Gautam Pandit | Additional Director | 20 Mar 2025 | 1 Years 7 Months | As last reported |
Peer comparison
Finsight Business Solutions Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (other information & communication service activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| 3M Infosoft Private Limited | ₹37.49 Lakh (FY 2025) | 12.0% | Chennai, Tamil Nadu, India | |||
| Weblord Infotech and Education Private Limited | ₹37.47 Lakh (FY 2024) | 65.0% | Varanasi, Uttar Pradesh, India | |||
| Altradimension Technologies Private Limited | ₹37.45 Lakh (FY 2023) | -58.0% | Bangalore, Karnataka, India | |||
| Gj2 Internet Private Limited | ₹37.41 Lakh (FY 2024) | 97.0% | Mehsana, Gujarat, India | |||
| Aorova Technologies Private Limited | ₹37.4 Lakh (FY 2024) | 60.0% | Chennai, Tamil Nadu, India | |||
| Finsight Business Solutions Private Limitedthis company | ₹37.39 Lakh (FY 2025) | -₹29.42 Lakh | -78.7% | -96.0% | 25 | Bangalore, Karnataka, India |
| Sourcesage India Private Limited | ₹37.39 Lakh (FY 2025) | 4.0% | Bangalore, Karnataka, India | |||
| PST Techsol Private Limited | ₹37.37 Lakh (FY 2024) | -60.0% | Bangalore, Karnataka, India | |||
| Piktor Innovation Labs India Private Limited | ₹37.37 Lakh (FY 2025) | -37.0% | Ernakulam, Kerala, India | |||
| Apexcode Technologies Private Limited | ₹37.36 Lakh (FY 2024) | Bangalore, Karnataka, India | ||||
| Flix Broadband Services Private Limited | ₹37.35 Lakh (FY 2025) | -1.0% | Durgapur, West Bengal, India |
To see the full peer comparison of Finsight Business Solutions Private Limited, buy the company report.
Auditor
Finsight Business Solutions Private Limited is audited by S R BATLIBOI & ASSOCIATES LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S R BATLIBOI & ASSOCIATES LLP | FY 2023 | 101049W/E-300004 |
Shareholding
The shareholding of Finsight Business Solutions Private Limited is on record for 4 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 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Finsight Business Solutions Private Limited, buy the company report.
Deals & funding
Finsight Business Solutions Private Limited has 2 deals on record (1 rights issue, 1 secondary share transfer); the latest was in January 2021.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2021 | Secondary share transfer | Undisclosed | Buyer: Altisource Asset Management Corporation Seller: Front Yard Residential LP |
| Apr 2020 | Rights issue | ₹1.9 Cr | Investors: Front Yard Residential LP |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Finsight Business Solutions Private Limited has 1 court case on record: 1 filed against it. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company | Disposed |
To see the full case history of Finsight Business 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
Finsight Business Solutions Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 7 overdue payments to 2 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 (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Obeya Underpinnings LLP | |||
| Merican Consultants Private Limited |
To see the full MSME payment records of Finsight Business Solutions Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Finsight Business Solutions Private Limited has a workforce of 25 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Finsight Business Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AADCF9002D1ZW | Karnataka | Active | 08 Sep 2020 |
To see the full GST registrations and return filing status of Finsight Business Solutions Private Limited, buy the company report.
Recent activity
Finsight Business Solutions Private Limited has 13 board changes on record since 2020: 4 appointments and 9 cessations. The latest: Bharat Gautam Pandit was appointed as Additional Director on 20 Mar 2025.
4 earlier events are in the company report.
News
Frequently asked questions
Finsight Business Solutions is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Finsight Business Solutions is a company under liquidation, formerly operating as a foreign private limited company based in Bangalore, Karnataka, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 05 November 2019 and is registered under CIN U74999KA2019FTC129323. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Finsight Business Solutions has 3 current directors:
- Richard Glen Rodick - Director
- Nimesh Dilipbhai Mewada - Director
- Bharat Gautam Pandit - Additional Director
The latest financial statements of Finsight Business Solutions on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 06 November 2024. Year-wise statements from FY 2020 are in the company report.
The CIN (Corporate Identification Number) of Finsight Business Solutions is U74999KA2019FTC129323. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Finsight Business Solutions has 1 court case on record: 1 filed against it.
Finsight Business Solutions was incorporated on 05 November 2019. It is registered with the Registrar of Companies, Bangalore.
Finsight Business Solutions has 2 deals on record (1 rights issue, 1 secondary share transfer); the latest was in January 2021.
The peers of Finsight Business Solutions by revenue are 3M Infosoft Private Limited, Weblord Infotech and Education Private Limited, Altradimension Technologies Private Limited, Gj2 Internet Private Limited, Aorova Technologies Private Limited and 5 more, all in the same principal business activity (other information & communication service activities).
Bharat Gautam Pandit was appointed as Additional Director on 20 Mar 2025. Matias Emilio Canibe Renaud ceased to be Additional Director on 18 Mar 2025. Nimesh Dilipbhai Mewada ceased to be Additional Director on 05 Nov 2024. Finsight Business Solutions has 13 board changes on record in total.
Finsight Business Solutions has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 7 overdue payments to 2 micro and small suppliers. The latest return was filed on 30 Apr 2024.
Finsight Business Solutions can be reached through the website altisourceamc.com. Its registered office is in Bangalore, Karnataka, India.
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