About Finspot Technology Solutions Private Limited
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Finspot Technology Solutions Private Limited is a private limited company based in Bangalore, Karnataka, India, recognised as a startup by DPIIT. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 22 June 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2020PTC135118. Its GSTIN is 29AAECF1088N1Z4 (Karnataka). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹2.3 Cr. It is led by directors Shrikant Pandit and Devesh Kumar.
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 No.55/B 2nd Floor 1st Main Road, Electronic City Phase 1 Bangalore, Karnataka, India – 560100.
As per the financials filed for FY 2023, the company reported a revenue of ₹2.93 Cr, a growth of 114% compared to the previous year. For the same year it recorded a net loss of ₹98.43 Lakh (net margin -33.6%) and EBITDA of -₹58.29 Lakh (EBITDA margin -19.9%).
The company has about 10 employees on its provident fund (EPFO) records.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website finspot.in.
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- Registered AddressNo.55/B 2nd Floor 1st Main Road, Electronic City Phase 1 Bangalore, Karnataka, India – 560100
- IndustryInformation Technology, Application Development & Software Solutions
- 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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Financials of Finspot Technology Solutions Private Limited FY 2025 filings available
Finspot Technology Solutions Private Limited reported revenue of ₹2.93 Cr (up 114% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR) of Finspot Technology Solutions Private Limited
Revenue rose 114% in the latest year. All are worked out from the filed statements.
Financial Statement Summary of Finspot Technology Solutions Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• |
| Total Revenue | ₹2.93 Cr | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• |
| EBITDA | -₹58.29 Lakh | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• |
| Net Profit (PAT) | -₹98.43 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 Finspot Technology Solutions Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -19.9% | •••• | •••• |
| Net Profit Margin | -33.6% | •••• | •••• |
| 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 Finspot Technology Solutions are in the company report.
Financial statements from FY 2021
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.
Auditor Details of Finspot Technology Solutions Private Limited
Finspot Technology Solutions Private Limited is audited by Yedida & Associates for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Yedida & Associates | 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 Finspot Technology Solutions Private Limited
Finspot Technology Solutions has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shrikant Pandit Also directs: Otnc Enterprises Private Limited, Kambala Solutions Private Limited, Gana Yantrika Enterprises Private Limited and 1 more | Director | 22 Jun 2020 | 6 Years 3 Months | Current |
| Devesh Kumar Also directs: Eip Financial Services LLP, Eip Management Services LLP, Eip Holdings Private Limited and 2 more | Director | 22 Jun 2020 | 6 Years 3 Months | Current |
Ownership and Shareholding of Finspot 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 Finspot Technology Solutions Private Limited
Finspot Technology Solutions Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Finspot Technology Solutions Private Limited
Finspot Technology Solutions Private Limited has a workforce of 10 employees as of Apr 07, 2024.
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.
Recent Activity on Finspot Technology Solutions Private Limited
Finspot Technology Solutions Private Limited has 2 board changes on record since 2020: 2 appointments. The latest: Devesh Kumar was appointed as Director on 22 Jun 2020.
Credit Ratings, Litigation & Regulatory Alerts for Finspot 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
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MSME Payment Delays by Finspot 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 Finspot 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 Finspot Technology Solutions Private Limited
Finspot Technology Solutions has 3 GST registrations: 2 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAECF1088N1Z4 | Karnataka | Active | 22 Jun 2020 |
| 24AAECF1088N1ZE | Gujarat | Active | 14 Feb 2022 |
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 Finspot 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 Finspot Technology Solutions Private Limited
Finspot Technology Solutions is an active private limited company based in Bangalore, Karnataka, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 22 June 2020 (6+ years old) and is registered under CIN U72900KA2020PTC135118.
Finspot Technology Solutions reported revenue of ₹2.93 Cr for FY 2023 (up 114% YoY).
Finspot Technology Solutions has 2 current directors:
- Shrikant Pandit - Director
- Devesh Kumar - Director
Finspot Technology Solutions reported a net loss of ₹98.43 Lakh (net margin -33.6%) and EBITDA of -₹58.29 Lakh (EBITDA margin -19.9%) for FY 2023, as per its filed financial statements.
The GSTIN of Finspot Technology Solutions is 29AAECF1088N1Z4, registered in Karnataka. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 24AAECF1088N1ZE (Gujarat).
The CIN (Corporate Identification Number) of Finspot Technology Solutions is U72900KA2020PTC135118. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Finspot Technology Solutions was incorporated on 22 June 2020, making it 6+ years old. It is registered with the Registrar of Companies, Bangalore.
Devesh Kumar was appointed as Director on 22 Jun 2020. Shrikant Pandit was appointed as Director on 22 Jun 2020.
Yes, Finspot Technology Solutions is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Finspot Technology Solutions can be reached through the website finspot.in. Its registered office is in Bangalore, Karnataka, India.