Flutterwave Services India Private Limited

Flutterwave Services India Private Limited - business outsourcing in Bangalore, Karnataka, India. Directors, charges & compliance details.
CIN U82990KA2023FTC170853 Incorporated 26 February 2023 ROC Bangalore HQ Bangalore, Karnataka, India
Active Foreign Private Limited Company business outsourcing
Data last updated
Revenue · FY 2025
₹10.44 Cr
▲ 287% YoY
Net profit · FY 2025
₹83.49 Lakh
Net margin 8%
EBITDA · FY 2025
₹1.21 Cr
EBITDA margin 11.6%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
3 yrs
Est. 2023
Directors on board
2
As per MCA filings
Last financials
Mar 2025
Balance sheet date

About Flutterwave Services India Private Limited

Data last updated:

Flutterwave Services India Private Limited is a foreign private limited company based in Bangalore, Karnataka, India. It operates in the HR outsourcing and talent management segment of the business process outsourcing sector. It was incorporated on 26 February 2023.

The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U82990KA2023FTC170853.

The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Baljinder Singh and Olugbenga Agboola.

Its last annual general meeting (AGM) was held on 06 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Bangalore, Karnataka.

As per the financials filed for FY 2025, the company reported a revenue of ₹10.44 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹83.49 Lakh (net margin 8%) and EBITDA of ₹1.21 Cr (EBITDA margin 11.6%).

Company details

CIN U82990KA2023FTC170853
Registration Number 170853
Incorporation Date 26 February 2023
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 06 August 2025
Date of Balance Sheet 31 March 2025

Contact details

Flutterwave Services India Private Limited's registered office is in Bangalore, Karnataka.

  • Registered Address
    No. 706 Seventh Floor Situated On Devatha Plaza, Residency Road Richmond Town, Bangalore, Karnataka, India – 560025
  • Industry
    Business Outsourcing, HR Outsourcing & Talent Management
Comprehensive company report
Flutterwave Services India Private Limited - one report that includes everything
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Business activity

The main business activity of Flutterwave Services India is administrative and support service activities. In detail, this covers office administrative, office support and other business support activities.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
NAdministrative and support service activities82Office administrative, office support and other business support activities

To see the full business activity and turnover split of Flutterwave Services India Private Limited, buy the company report.

Financials of Flutterwave Services India Private Limited

FY 2025 filings available

Flutterwave Services India Private Limited reported revenue of ₹10.44 Cr (up 287% YoY) for FY 2025.

Revenue · FY 2025
₹10.44 Cr ▲ 287%
Net profit · FY 2025
₹83.49 Lakh margin 8%
EBITDA · FY 2025
₹1.21 Cr margin 11.6%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 287%
EBITDA CAGR growth
1 year
▲ 841%

Revenue rose 287% in the latest year. EBITDA rose 841% in the latest year. All are worked out from the filed statements.

Financial Statement Summary

MetricsFY 2024-25FY 2023-24FY 2022-23
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₹1.21 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)₹83.49 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

MetricsFY 2024-25FY 2023-24FY 2022-23
Profitability
EBITDA Margin11.6%
Net Profit Margin8%
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

To see the full financial statements and ratios of Flutterwave Services India Private Limited, buy the company report.

Board of directors of Flutterwave Services India Private Limited

Flutterwave Services India has 2 directors on record. No former directors are listed.

Current Directors
NameDesignationAppointment DateTenureStatus
Baljinder SinghDirector26 Feb 20233 Years 7 MonthsCurrent
Olugbenga AgboolaDirector26 Feb 20233 Years 7 MonthsCurrent

MSME payment delays

No delayed payments to MSME suppliers are on our record for Flutterwave Services India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

GST

No GST registration is on our record for Flutterwave Services India Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.

Recent activity

Flutterwave Services India Private Limited has 2 board changes on record since 2023: 2 appointments. The latest: Baljinder Singh was appointed as Director on 26 Feb 2023.

AGM
Flutterwave Services India Private Limited last Annual general meeting of members was held on 06 Aug 2025 as per latest MCA records.
Filing
Flutterwave Services India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Appointed
Baljinder Singh was appointed as Director.
Appointed
Olugbenga Agboola was appointed as Director.
Incorporation
26 Feb 2023
Flutterwave Services India Private Limited was registered on 26 Feb 2023 with Roc Bangalore & aged 3 years 7 months as per MCA records.

Frequently asked questions

Flutterwave Services India is an active foreign private limited company based in Bangalore, Karnataka, India. The company works in HR outsourcing and talent management, within the business outsourcing industry. It was incorporated on 26 February 2023 (3+ years old) and is registered under CIN U82990KA2023FTC170853.

Flutterwave Services India has 2 current directors:

The latest financial statements of Flutterwave Services India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 06 August 2025. Year-wise statements from FY 2023 are in the company report.

The CIN (Corporate Identification Number) of Flutterwave Services India is U82990KA2023FTC170853. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Flutterwave Services India was incorporated on 26 February 2023, making it 3+ years old. It is registered with the Registrar of Companies, Bangalore.

Baljinder Singh was appointed as Director on 26 Feb 2023. Olugbenga Agboola was appointed as Director on 26 Feb 2023.

The registered office of Flutterwave Services India is at No. 706 Seventh Floor Situated On Devatha Plaza, Residency Road Richmond Town, Bangalore, Karnataka, India – 560025.

Flutterwave Services India operates in the business outsourcing industry, in the HR outsourcing and talent management segment.

Flutterwave Services India can be reached at its registered office: No. 706 Seventh Floor Situated On Devatha Plaza, Residency Road Richmond Town, Bangalore, Karnataka, India – 560025.

Flutterwave Services India is registered under the jurisdiction of the Registrar of Companies (ROC), Bangalore.