India's Richest People 2026 edition · 2 directors · Source: Hurun India
- #1,233 Vineet Sukumar ₹1,900 Cr
- #1,545 Sanjay Aggarwal ₹1,300 Cr
Revenue · FY 2025
₹3.77 Cr
▲ 27% YoY
Net profit · FY 2025
₹48.65 Lakh
Net margin 12.9%
EBITDA · FY 2025
₹52.2 Lakh
EBITDA margin 13.8%
Company age
6 yrs
Est. 2020
Directors on board
9
As per MCA filings
Active GSTINs
1
GST registered
Brands
1
Associated brands
Last financials
Mar 2025
Balance sheet date
About Fintech Association for Consumer Empowerment
Data last updated:
Fintech Association for Consumer Empowerment is a public not for profit company based in Mumbai, Maharashtra, India. It operates in the membership organizations segment of the non-profit sector. It was incorporated on 18 September 2020 and has been in existence for over 6 years.
Its director Vineet Sukumar is #1,233 among India's richest people (2026). Its director Sanjay Aggarwal is #1,545 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U91990MH2020NPL346315. Its GSTIN is 27AAECF2492G1ZL (Maharashtra).
It is led by directors including Sanjay Aggarwal and Madhusudan Ekambaram.
Its last annual general meeting (AGM) was held on 26 June 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 5th Floor Paville House Off Veer Savarkar Marg Prabhadevi, Mumbai, Maharashtra, India – 400025.
As per the financials filed for FY 2025, the company reported a revenue of ₹3.77 Cr, a growth of 27% compared to the previous year. For the same year it recorded a net profit of ₹48.65 Lakh (net margin 12.9%) and EBITDA of ₹52.2 Lakh (EBITDA margin 13.8%). Revenue has grown at a compounded annual rate (CAGR) of 66% over three years.
The company is associated with 1 brand: FACE.
For more details, the company can be reached via its website faceofindia.org.
Company Details of Fintech Association for Consumer Empowerment
CIN U91990MH2020NPL346315
Registration Number 346315
Incorporation Date 18 September 2020
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 26 June 2025
Date of Balance Sheet 31 March 2025
Recognitions & Rankings of Fintech Association for Consumer Empowerment
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address5th Floor Paville House Off Veer Savarkar Marg Prabhadevi, Mumbai, Maharashtra, India – 400025
- IndustryNon-Profit Organizations, Membership Organizations
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Associated Brands with Fintech Association for Consumer Empowerment
Fintech Association for Consumer Empowerment operates one associated brand: FACE. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Community management services are provided by the association. | faceofindia.org |
Business Activity of Fintech Association for Consumer Empowerment
The main business activity of Fintech Association for Consumer Empowerment is personal and household service. In detail, this covers activities of membership organisations.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| S | Personal and Household service | S1 | Activities of membership organisations | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
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Financials of Fintech Association for Consumer Empowerment FY 2025 filings available
Fintech Association for Consumer Empowerment reported revenue of ₹3.77 Cr (up 27% YoY) for FY 2025.
Revenue · FY 2025
₹3.77 Cr ▲ 27%
Net profit · FY 2025
₹48.65 Lakh margin 12.9%
EBITDA · FY 2025
₹52.2 Lakh margin 13.8%
Compounded Annual Growth Rate (CAGR) of Fintech Association for Consumer Empowerment
Revenue CAGR growth
1 year
▲ 27%
3 years · compounded
▲ 66%
EBITDA CAGR growth
1 year
▼ 47%
3 years · compounded
▲ 41%
Revenue has grown at a compounded annual rate (CAGR) of 66% over three years, including 27% growth in the latest year. EBITDA fell 47% 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 Fintech Association for Consumer Empowerment
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹52.2 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹48.65 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 Fintech Association for Consumer Empowerment
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 13.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 12.9% | •••• | •••• | •••• | •••• |
| 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 Fintech Association for Consumer Empowerment are in the company report.
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Financial statements from FY 2021
Earlier years and trend charts are in the company report.
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Board of Directors of Fintech Association for Consumer Empowerment
Fintech Association for Consumer Empowerment has 9 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sanjay Aggarwal Also directs: Whizdm Finance Private Limited, Moneyview Limited, Zeo Fin Technology Private Limited and 1 more | Director | 02 May 2025 | 1 Years 5 Months | Current |
| Madhusudan Ekambaram Also directs: NXG Innovation Labs LLP, VMD Investment Services LLP, Krazybee Services Limited and 1 more | Director | 02 May 2025 | 1 Years 5 Months | Current |
| Ashish Sohan Goyal | Director | 18 Sep 2020 | 6 Years 1 Months | Current |
| Vineet Sukumar Also directs: Vivriti Fixed Income Fund - Series 3 Ifsc LLP, Vivriti Fixed Income Fund - Series 4 Ifsc LLP, Vivriti Finance Limited and 5 more | Director | 02 May 2025 | 1 Years 5 Months | Current |
| Avtar Singh Monga Also directs: Continuum Excellence LLP, Godfrey Phillips India Limited, Rnfi Services Limited and 5 more | Director | 15 Dec 2021 | 4 Years 10 Months | Current |
| Ram Nirankar Rastogi Also directs: Digispice Technologies Limited, Network People Services Technologies Limited, Spice Money Limited and 3 more | Director | 15 Dec 2021 | 4 Years 10 Months | Current |
Showing 6 of 9 current directors. View all directors
Peer Comparison of Fintech Association for Consumer Empowerment
Fintech Association for Consumer Empowerment is compared with the companies closest to it by revenue in the BFSI industry (Fintech). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| SGS Fintech Private Limited | ₹3.92 Cr (FY 2025) | •••• | •••• | 28.0% | •••• | Delhi, India |
| Owlx Fintech Solutions Private Limited | ₹3.88 Cr (FY 2025) | •••• | •••• | •••• | Bangalore, Karnataka, India | |
| Spenny Fintech Private Limited | ₹3.81 Cr (FY 2023) | •••• | •••• | -4.0% | •••• | Bangalore, Karnataka, India |
| MMW Fintech Private Limited | ₹3.8 Cr (FY 2024) | •••• | •••• | 20.0% | •••• | Ahmedabad, Gujarat, India |
| Zoi Fintech Services Private Limited | ₹3.78 Cr (FY 2025) | •••• | •••• | -8.0% | •••• | Mumbai, Maharashtra, India |
| Fintech Association for Consumer Empowerment this company | ₹3.77 Cr (FY 2025) | •••• | •••• | 27.0% | •••• | Mumbai, Maharashtra, India |
| Ado Fintech Solutions Private Limited | ₹3.75 Cr (FY 2025) | •••• | •••• | 42.0% | •••• | New Delhi, Delhi, India |
| F2 Fintech Private Limited | ₹3.74 Cr (FY 2025) | •••• | •••• | 7.0% | •••• | Bareilly, Uttar Pradesh, India |
| Swarajya Fintech Private Limited | ₹3.73 Cr (FY 2025) | •••• | •••• | 375.0% | •••• | Jalna, Maharashtra, India |
| Merge Fintech Private Limited | ₹3.7 Cr (FY 2025) | •••• | •••• | 245.0% | •••• | Bangalore, Karnataka, India |
| Analytix Fintech International Private Limited | ₹3.65 Cr (FY 2025) | •••• | •••• | 73.0% | •••• | Ernakulam, Kerala, India |
Peers are the five companies nearest above and the five nearest below Fintech Association for Consumer Empowerment by revenue in the BFSI industry (Fintech), 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 Fintech Association for Consumer Empowerment
Fintech Association for Consumer Empowerment is audited by Nikunj Agarwal & Co. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Nikunj Agarwal & Co. | Locked | Locked | Locked |
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Ownership and Shareholding of Fintech Association for Consumer Empowerment
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Charges & Borrowings of Fintech Association for Consumer Empowerment
Fintech Association for Consumer Empowerment does not have any charges (loans) registered with the Registrar of Companies.
MSME Payment Delays by Fintech Association for Consumer Empowerment
Fintech Association for Consumer Empowerment has 2 MSME Form 1 returns on record for the period ending Mar 2023, listing 2 overdue payments to 1 micro and small supplier. 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 (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | •••• | •••• | •••• |
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Full MSME payment history
Every supplier, amount and due date from all 2 MSME Form 1 returns is in the company report.
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Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Fintech Association for Consumer Empowerment
Fintech Association for Consumer Empowerment has a workforce of 0 employees as of Apr 07, 2024.
Active EPFO establishments
1
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Fintech Association for Consumer Empowerment
Fintech Association for Consumer Empowerment has 17 board changes on record since 2020: 11 appointments and 6 cessations. The latest: Manoranjan Mishra was appointed as Additional Director on 01 Oct 2025.
Appointed
Manoranjan Mishra was appointed as Additional Director.
AGM
Fintech Association For Consumer Empowerment last Annual general meeting of members was held on 26 Jun 2025 as per latest MCA records.
Ceased
Nitin Gupta ceased to be Additional Director.
Ceased
Sanjay Aggarwal ceased to be Additional Director.
Ceased
Vineet Sukumar ceased to be Additional Director.
Appointed
Madhusudan Ekambaram was appointed as Director.
Appointed
Sanjay Aggarwal was appointed as Director.
Appointed
Vineet Sukumar was appointed as Director.
Ceased
Naveen Kukreja ceased to be Director.
Filing
Fintech Association For Consumer Empowerment has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai I.
Appointed
Nitin Gupta was appointed as Director.
Appointed
Naveen Kukreja was appointed as Director.
8 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Fintech Association for Consumer Empowerment
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Subsidiaries & Group Companies of Fintech Association for Consumer Empowerment
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GST Compliance of Fintech Association for Consumer Empowerment
Fintech Association for Consumer Empowerment has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECF2492G1ZL | Maharashtra | Active | 29 Oct 2020 |
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MCA Filings & Documents of Fintech Association for Consumer Empowerment
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Related news about Fintech Association for Consumer Empowerment
Frequently Asked Questions about Fintech Association for Consumer Empowerment
Fintech Association for Consumer Empowerment is an active public not for profit company based in Mumbai, Maharashtra, India. The company works in membership organizations, within the non-profit organizations industry. It was incorporated on 18 September 2020 (6+ years old) and is registered under CIN U91990MH2020NPL346315.
Fintech Association for Consumer Empowerment reported revenue of ₹3.77 Cr for FY 2025 (up 27% YoY).
Fintech Association for Consumer Empowerment has 9 current directors:
- Sanjay Aggarwal - Director
- Madhusudan Ekambaram - Director
- Ashish Sohan Goyal - Director
- Vineet Sukumar - Director
- Avtar Singh Monga - Director
- Ram Nirankar Rastogi - Director
- Nitin Gupta - Director
- Srinath Sridharan - Director
- Manoranjan Mishra - Additional Director
Fintech Association for Consumer Empowerment reported a net profit of ₹48.65 Lakh (net margin 12.9%) and EBITDA of ₹52.2 Lakh (EBITDA margin 13.8%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Fintech Association for Consumer Empowerment is 66% over three years. In the latest year (FY 2025) revenue rose 27%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Fintech Association for Consumer Empowerment is 27AAECF2492G1ZL, registered in Maharashtra.
The CIN (Corporate Identification Number) of Fintech Association for Consumer Empowerment is U91990MH2020NPL346315. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Fintech Association for Consumer Empowerment was incorporated on 18 September 2020, making it 6+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Fintech Association for Consumer Empowerment by revenue are SGS Fintech Private Limited, Owlx Fintech Solutions Private Limited, Spenny Fintech Private Limited, MMW Fintech Private Limited, Zoi Fintech Services Private Limited and 5 more, all in the BFSI industry (Fintech).
Manoranjan Mishra was appointed as Additional Director on 01 Oct 2025. Nitin Gupta ceased to be Additional Director on 25 Jun 2025. Sanjay Aggarwal ceased to be Additional Director on 25 Jun 2025. Fintech Association for Consumer Empowerment has 17 board changes on record in total.
Fintech Association for Consumer Empowerment has 2 MSME Form 1 returns on record for the period ending Mar 2023, listing 2 overdue payments to 1 micro and small supplier. The latest return was filed on 29 Aug 2023.
Fintech Association for Consumer Empowerment can be reached through the website faceofindia.org. Its registered office is in Mumbai, Maharashtra, India.