DPIIT recognised startup Government of India
Startup India
Ibg Echits India Private Limited - financial services in Hyderabad, Telangana, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹7.51 Cr
▲ 149% YoY
Net profit · FY 2024
₹7.37 Lakh
Net margin 1%
EBITDA · FY 2024
₹1.52 Cr
EBITDA margin 20.3%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹42 Lakh
Issued & subscribed
Open charges
₹8 Cr
Secured borrowings
Company age
8 yrs
Est. 2018
Directors on board
2
As per MCA filings
About Ibg Echits India Private Limited
Data last updated:
Ibg Echits India Private Limited is a private limited company based in Hyderabad, Telangana, India, a subsidiary of Finsave Technologies Private Limited and recognised as a startup by DPIIT. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 25 October 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U65992TG2018PTC127896. Its GSTIN is 36AAFCI0485H1ZJ (Telangana).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹42 Lakh. It is led by directors Ravindranath Kamma and Veerapraveen Basireddy Reddy.
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 H.No.1 – 9 – 19/134 Ramnagar, Hyderabad, Telangana, India – 500020.
As per the financials filed for FY 2024, the company reported a revenue of ₹7.51 Cr, a growth of 149% compared to the previous year. For the same year it recorded a net profit of ₹7.37 Lakh (net margin 1%) and EBITDA of ₹1.52 Cr (EBITDA margin 20.3%). Revenue has grown at a compounded annual rate (CAGR) of 112% over three years and 309% over five years.
As per MCA filings, the company has open charges of ₹8 Cr on record. Court records list 507 cases involving the company, including 507 filed by the company; 462 cases are pending. The company has 5 deals on record (3 secondary share transfers, 2 rights issues); the latest was in December 2022. Its 8 peer companies in the BFSI industry (Micro Finance), with the same principal business activity (other financial activities) are compared by revenue, 4 larger and 4 smaller; the largest is Madurai Hindu Permanent Nidhi Limited with revenue of ₹8.31 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ibgechits.com.
Company details
CIN U65992TG2018PTC127896
Registration Number 127896
Incorporation Date 25 October 2018
ROC Hyderabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Finsave Technologies Private Limited
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
Recognitions & Rankings of Ibg Echits India
Contact details
Ibg Echits India Private Limited's registered office is in Hyderabad, Telangana. Its website is ibgechits.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered AddressH.No.1 – 9 – 19/134 Ramnagar, Hyderabad, Telangana, India – 500020
- IndustryFinancial Services, Microfinance Institutions
To see the full contact details of Ibg Echits India Private Limited, buy the company report.
Comprehensive company report
Ibg Echits India 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activity of Ibg Echits India is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Ibg Echits India Private Limited, buy the company report.
Financials of Ibg Echits India Private Limited
FY 2025 filings availableIbg Echits India Private Limited reported revenue of ₹7.51 Cr (up 149% YoY) for FY 2024.
Revenue · FY 2024
₹7.51 Cr ▲ 149%
Net profit · FY 2024
₹7.37 Lakh margin 1%
EBITDA · FY 2024
₹1.52 Cr margin 20.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 149%
3 years · compounded
▲ 112%
5 years · compounded
▲ 309%
EBITDA CAGR growth
1 year
▲ 79%
3 years · compounded
▲ 202%
5 years · compounded
▲ 93%
Revenue has grown at a compounded annual rate (CAGR) of 309% over five years, including 149% growth in the latest year. EBITDA rose 79% 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 | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹1.52 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹7.37 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 20.3% | ||||
| Net Profit Margin | 1% | ||||
| 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 Ibg Echits India Private Limited, buy the company report.
Board of directors of Ibg Echits India Private Limited
Ibg Echits India has 2 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 |
|---|---|---|---|---|
| Ravindranath Kamma Also directs: Bilva Chits Private Limited, Finsave Technologies Private Limited | Director | 16 Aug 2023 | 3 Years 2 Months | Current |
| Veerapraveen Basireddy Reddy Also directs: Bilva Chits Private Limited, Finsave Technologies Private Limited | Director | 25 Oct 2018 | 8 Years 0 Months | Current |
Peer comparison
Ibg Echits India Private Limited is compared with the 8 companies closest to it by revenue in the BFSI industry (Micro Finance), with the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Madurai Hindu Permanent Nidhi Limited | ₹8.31 Cr (FY 2025) | -1.0% | Madurai, Tamil Nadu, India | |||
| Suman Chit Funds Pvt.Ltd. | ₹8 Cr (FY 2025) | 1.0% | Hyderabad, Telangana, India | |||
| Gramasuraksha Nidhi Limited | ₹7.93 Cr (FY 2025) | 0.0% | Palakkad, Kerala, India | |||
| Shrinikhila Chits A.P Private Limited | ₹7.87 Cr (FY 2025) | 0.0% | Hyderabad, Telangana, India | |||
| Ibg Echits India Private Limitedthis company | ₹7.51 Cr (FY 2024) | ₹7.37 Lakh | 1% | 149.0% | Hyderabad, Telangana, India | |
| DCF Financial Services Private Limited | ₹7.45 Cr (FY 2025) | -15.0% | Rajkot, Gujarat, India | |||
| Tuticorin Permanent Nidhi Limited | ₹7.32 Cr (FY 2025) | 28.0% | Tamil Nadu, India | |||
| Saaf Capit Federation | ₹7.3 Cr (FY 2025) | 39.0% | Thrissur, Kerala, India | |||
| Sri Nithyakalyani Chit Funds Private Limited | ₹7.25 Cr (FY 2025) | -5.0% | Madurai, Tamil Nadu, India |
To see the full peer comparison of Ibg Echits India Private Limited, buy the company report.
Auditor
Ibg Echits India Private Limited is audited by ABHINAV & ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ABHINAV & ASSOCIATES | FY 2021 | 014192S |
Shareholding
The shareholding of Ibg Echits India Private Limited is on record for 2 financial years, the latest being FY 2021, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2019 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Ibg Echits India Private Limited, buy the company report.
Charges & borrowings
Open charges
₹8 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Oct 2023 | 100825666 | Others | ₹3 Cr | Open | |
| 14 Apr 2022 | 100569818 | Others | ₹5 Cr | Open |
To see the full charge records of Ibg Echits India Private Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Ibg Echits India Private Limited has 5 deals on record (3 secondary share transfers, 2 rights issues); the latest was in December 2022.
Total deals
5
Secondary share transfers
3
Rights issues
2
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2022 | Rights issue | ₹27 Lakh | Investors: 4 individuals |
| Dec 2021 | Secondary share transfer | Undisclosed | Buyer: Finsave Technologies Private Limited , Finsave Technologies Private Limited & Veerapraveen Reddy Basireddy Seller: an individual |
| Sep 2020 | Secondary share transfer | Undisclosed | Buyer: Finsave Technologies Private Limited Seller: 2 individuals |
| Dec 2019 | Rights issue | ₹14 Lakh | Investors: 3 individuals |
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: Pangean Global Services Private Limited & Shilpa Adipuram, Pangean Global Services Private Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Ibg Echits India Private Limited has 507 court cases on record: 507 filed by Ibg Echits India. 462 cases are pending and 45 are disposed.
Total cases
507
Filed by the company
507
Pending
462
Disposed
45
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 507 | 0 | 462 |
Cases on record (5 of 507)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Hyderabad CCC, Telangana | Cheque dishonour complaint | Filed by the company against an individual | Pending |
| District court, Hyderabad CCC, Telangana | Cheque dishonour complaint | Filed by the company against an individual | Pending |
| District court, Hyderabad CCC, Telangana | Cheque dishonour complaint | Filed by the company against an individual | Pending |
| District court, Hyderabad CCC, Telangana | Cheque dishonour complaint | Filed by the company against an individual | Pending |
| District court, Hyderabad CCC, Telangana | Cheque dishonour complaint | Filed by the company against an individual | Pending |
To see the full case history of Ibg Echits India 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
No delayed payments to MSME suppliers are on our record for Ibg Echits India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Ibg Echits India has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AAFCI0485H1ZJ | Telangana | Active | 07 Oct 2020 |
To see the full GST registrations and return filing status of Ibg Echits India Private Limited, buy the company report.
Recent activity
Ibg Echits India Private Limited has 9 board changes on record since 2018: 2 appointments and 7 cessations. The latest: Ravindranath Kamma was appointed as Director on 16 Aug 2023.
AGM
Ibg Echits India Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Others of Rs. 300.00 Lakh registered on 16 Oct 2023 with Charge ID 100825666 was modified on 15 Apr 2025.
Filing
Ibg Echits India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Hyderabad.
Charges
A charge with Others amounted to Rs. 300.00 Lakh with Charge ID 100825666 was registered on 16 Oct 2023.
Appointed
Ravindranath Kamma was appointed as Director.
Ceased
Vasavi Kakkirala ceased to be Director.
Ceased
Ayan Chatterjee ceased to be Director.
Ceased
Sonali Chatterjee ceased to be Director.
Ceased
Amarjit Kumar ceased to be Director.
Ceased
Ravindranath Kamma ceased to be Director.
Charges
A charge with Others amounted to Rs. 500.00 Lakh with Charge ID 100569818 was registered on 14 Apr 2022.
Ceased
Gopal Reddy Lingireddy ceased to be Director.
3 earlier events are in the company report.
Frequently asked questions
Ibg Echits India is an active private limited company based in Hyderabad, Telangana, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 25 October 2018 (8+ years old) and is registered under CIN U65992TG2018PTC127896.
Ibg Echits India has 2 current directors:
- Ravindranath Kamma - Director
- Veerapraveen Basireddy Reddy - Director
The latest financial statements of Ibg Echits India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2019 are in the company report.
The GSTIN of Ibg Echits India is 36AAFCI0485H1ZJ, registered in Telangana.
The CIN (Corporate Identification Number) of Ibg Echits India is U65992TG2018PTC127896. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ibg Echits India has 507 court cases on record: 507 filed by the company. 462 are pending.
Ibg Echits India was incorporated on 25 October 2018, making it 8+ years old. It is registered with the Registrar of Companies, Hyderabad.
Ibg Echits India has 5 deals on record (3 secondary share transfers, 2 rights issues); the latest was in December 2022.
The peers of Ibg Echits India by revenue are Madurai Hindu Permanent Nidhi Limited, Suman Chit Funds Pvt.Ltd, Gramasuraksha Nidhi Limited, Shrinikhila Chits A.P Private Limited, DCF Financial Services Private Limited and 3 more, all in the BFSI industry (Micro Finance), with the same principal business activity (other financial activities).
Ravindranath Kamma was appointed as Director on 16 Aug 2023. Vasavi Kakkirala ceased to be Director on 16 Aug 2023. Ayan Chatterjee ceased to be Director on 10 Apr 2023. Ibg Echits India has 9 board changes on record in total.
Yes, Ibg Echits India is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).