DPIIT recognised startup Government of India
Startup India
First Source Fintech Private Limited - business outsourcing in Thane, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹21.69 Cr
▲ 542% YoY
Net profit · FY 2024
₹79.49 Lakh
Net margin 3.7%
EBITDA · FY 2024
₹1.15 Cr
EBITDA margin 5.3%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹10 Lakh
Issued & subscribed
Company age
7 yrs
Est. 2019
Directors on board
3
As per MCA filings
Active GSTINs
1
GST registered
About First Source Fintech Private Limited
Data last updated:
First Source Fintech Private Limited is a private limited company based in Thane, Maharashtra, India, recognised as a startup by DPIIT. It operates in the accounting and financial analysis segment of the business process outsourcing sector. It was incorporated on 20 November 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2019PTC333353. Its GSTIN is 27AADCF9197P1ZN (Maharashtra).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It was formerly known as First Source Consultants Private Limited. It is led by directors including Pradeep Pandey and Rajesh Kumar Yadav.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Thane, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹21.69 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹79.49 Lakh (net margin 3.7%) and EBITDA of ₹1.15 Cr (EBITDA margin 5.3%). Revenue has grown at a compounded annual rate (CAGR) of 182% over three years.
First Source Fintech Private Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-MH-19-0050635). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website firstsourcef.com.
Company details
CIN U74999MH2019PTC333353
Registration Number 333353
Incorporation Date 20 November 2019
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification MSME
Udyam Registration UDYAM-MH-19-0050635
Key People
Sameer Gangaram Bhostekar Additional Director Pradeep Pandey Director Rajesh Kumar Yadav Director Recognitions & Rankings of First Source Fintech
MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-MH-19-0050635
Contact details
First Source Fintech Private Limited's registered office is in Thane, Maharashtra. Its website is firstsourcef.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address104 1st Floor Moti Bazar, Bazar Peth Near Kutir Udyog, Thane, Maharashtra, India – 400601
- IndustryBusiness Outsourcing, Accounting and Financial Analysis
To see the full contact details of First Source Fintech Private Limited, buy the company report.
Comprehensive company report
First Source Fintech 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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Business activity
The main business activity of First Source Fintech is professional, scientific and technical. In detail, this covers accounting, book keeping and auditing activities, tax consultancy.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M2 | Accounting, book keeping and auditing activities, tax consultancy |
To see the full business activity and turnover split of First Source Fintech Private Limited, buy the company report.
Financials of First Source Fintech Private Limited
FY 2024 filings availableFirst Source Fintech Private Limited reported revenue of ₹21.69 Cr (up 542% YoY) for FY 2024.
Revenue · FY 2024
₹21.69 Cr ▲ 542%
Net profit · FY 2024
₹79.49 Lakh margin 3.7%
EBITDA · FY 2024
₹1.15 Cr margin 5.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 542%
3 years · compounded
▲ 182%
EBITDA CAGR growth
1 year
▲ 974%
3 years · compounded
▲ 182%
Revenue has grown at a compounded annual rate (CAGR) of 182% over three years, including 542% growth in the latest year. EBITDA rose 974% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹21.69 Cr | ||||
| Other Income | |||||
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| Total Expenses | |||||
| EBITDA | ₹1.15 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹79.49 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.3% | ||||
| Net Profit Margin | 3.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of First Source Fintech Private Limited, buy the company report.
Board of directors of First Source Fintech Private Limited
First Source Fintech has 3 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 |
|---|---|---|---|---|
| Sameer Gangaram Bhostekar Also directs: Abhivritti Impex Private Limited, Maa Vaishnavi Iron Traders Private Limited, Dejavu Destinations Private Limited and 3 more | Additional Director | 29 Sep 2025 | 1 Years 0 Months | Current |
| Pradeep Pandey | Director | 19 Oct 2024 | 2 Years 0 Months | Current |
| Rajesh Kumar Yadav | Director | 19 Oct 2024 | 2 Years 0 Months | Current |
Auditor
First Source Fintech Private Limited is audited by VSC & Associates Chartered Accountants for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VSC & Associates Chartered Accountants | FY 2024 | 141677W |
Shareholding
The shareholding of First Source Fintech Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | 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 First Source Fintech Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving First Source Fintech Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for First Source Fintech Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
First Source Fintech has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCF9197P1ZN | Maharashtra | Active | 18 Dec 2019 |
To see the full GST registrations and return filing status of First Source Fintech Private Limited, buy the company report.
Recent activity
First Source Fintech Private Limited has 10 board changes on record since 2021: 3 appointments and 7 cessations. The latest: Sameer Gangaram Bhostekar was appointed as Additional Director on 29 Sep 2025.
AGM
First Source Fintech Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Appointed
Sameer Gangaram Bhostekar was appointed as Additional Director.
Ceased
Timir Ranjan Sarkar ceased to be Director.
Ceased
Pradeep Pandey ceased to be Director.
Ceased
Rajesh Kumar Yadav ceased to be Director.
Appointed
Pradeep Pandey was appointed as Director.
Appointed
Rajesh Kumar Yadav was appointed as Director.
Filing
First Source Fintech Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Ceased
Sarika Abhishek Kadam ceased to be Director.
Ceased
Mukti Vora ceased to be Additional Director.
Ceased
Sakshi Subhash Lakhani ceased to be Director.
Ceased
Subhash Rajkumar Lakhani ceased to be Managing Director.
1 earlier event is in the company report.
Frequently asked questions
First Source Fintech is an active private limited company based in Thane, Maharashtra, India. The company works in accounting and financial analysis, within the business outsourcing industry. It was incorporated on 20 November 2019 (7+ years old) and is registered under CIN U74999MH2019PTC333353.
First Source Fintech has 3 current directors:
- Sameer Gangaram Bhostekar - Additional Director
- Pradeep Pandey - Director
- Rajesh Kumar Yadav - Director
The latest financial statements of First Source Fintech on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2020 are in the company report.
The GSTIN of First Source Fintech is 27AADCF9197P1ZN, registered in Maharashtra.
The CIN (Corporate Identification Number) of First Source Fintech is U74999MH2019PTC333353. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
First Source Fintech was incorporated on 20 November 2019, making it 7+ years old. It is registered with the Registrar of Companies, Mumbai.
Sameer Gangaram Bhostekar was appointed as Additional Director on 29 Sep 2025. Timir Ranjan Sarkar ceased to be Director on 03 Jul 2025. Pradeep Pandey ceased to be Director on 22 May 2025. First Source Fintech has 10 board changes on record in total.
Yes, First Source Fintech is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, First Source Fintech is registered as an MSME under Udyam registration (number: UDYAM-MH-19-0050635).
First Source Fintech can be reached through the website firstsourcef.com. Its registered office is in Thane, Maharashtra, India.