Lexin India Technology Private Limited
About Lexin India Technology Private Limited
Data last updated:
Lexin India Technology Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Installment (Hk) Investment Limited. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the digital payment solutions segment of the financial services sector. It was incorporated on 04 October 2019.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2019PTC128494. Its GSTIN is 29AAECL0474A1ZT (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹3.31 Lakh. It is led by directors Balasubramanian Thiruchengode Venkataramanan and David Thomas.
Its last annual general meeting (AGM) was held on 30 September 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at No.32 1st Floor Car Street Ulsoor, Bangalore, Karnataka, India – 560008.
As per the financials filed for FY 2021, the company reported a revenue of ₹1.47 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹6.46 Cr (net margin -439.8%) and EBITDA of -₹6.39 Cr (EBITDA margin -434.6%).
The company has about 10 employees on its provident fund (EPFO) records.
Company details
Contact details
Lexin India Technology Private Limited's registered office is in Bangalore, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressNo.32 1st Floor Car Street Ulsoor, Bangalore, Karnataka, India – 560008
- IndustryFinancial Services, Digital Payment Solutions
To see the full contact details of Lexin India Technology Private Limited, buy the company report.
- 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
Business activity
The main business activity of Lexin India Technology is information and communication. In detail, this covers other information & communication service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Lexin India Technology Private Limited, buy the company report.
Financials of Lexin India Technology Private Limited
FY 2021 filings availableLexin India Technology Private Limited reported revenue of ₹1.47 Cr (up 257% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue rose 257% in the latest year. EBITDA fell 279% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2020-21 | FY 2019-20 |
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| EBITDA | -₹6.39 Cr | |
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| Tax Expense | ||
| Net Profit (PAT) | -₹6.46 Cr | |
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | -434.6% | |
| Net Profit Margin | -439.8% | |
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To see the full financial statements and ratios of Lexin India Technology Private Limited, buy the company report.
Board of directors of Lexin India Technology Private Limited
Lexin India Technology has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Balasubramanian Thiruchengode Venkataramanan | Director | 26 Aug 2021 | 5 Years 2 Months | As last reported |
| David Thomas | Director | 11 Jan 2022 | 4 Years 9 Months | As last reported |
Peer comparison
Lexin India Technology Private Limited is compared with the 3 companies closest to it by revenue in the BFSI industry (Payment Solution Providers), with the same principal business activity (other information & communication service activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Oktech AA Information Services Private Limited | ₹1.54 Cr (FY 2023) | -43.0% | Bangalore, Karnataka, India | |||
| Mahi Innovative Solutions Private Limited | ₹1.53 Cr (FY 2025) | 387.0% | Hatgamharia, Jharkhand, India | |||
| Lexin India Technology Private Limitedthis company | ₹1.47 Cr (FY 2021) | -₹6.46 Cr | -439.8% | 257.0% | 10 | Bangalore, Karnataka, India |
| Scopeedge Connect Private Limited | ₹1.4 Cr (FY 2024) | 86.0% | New Delhi, Delhi, India |
To see the full peer comparison of Lexin India Technology Private Limited, buy the company report.
Auditor
Lexin India Technology Private Limited is audited by AYYAR & CHERIAN for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| AYYAR & CHERIAN | FY 2020 | 000284S |
Shareholding
The shareholding of Lexin India Technology Private Limited is on record for FY 2020, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2020 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Lexin India Technology Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Lexin India Technology 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 Lexin India Technology Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Lexin India Technology Private Limited has a workforce of 10 employees on its EPFO records as of Mar 31, 2024, across 1 active EPFO establishment.
GST
Lexin India Technology has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAECL0474A1ZT | Karnataka | Active | 19 Oct 2019 |
To see the full GST registrations and return filing status of Lexin India Technology Private Limited, buy the company report.
Recent activity
Lexin India Technology Private Limited has 7 board changes on record since 2020: 2 appointments and 5 cessations. The latest: David Thomas was appointed as Director on 11 Jan 2022.
Frequently asked questions
Lexin India Technology is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Lexin India Technology is a company under liquidation, formerly operating as a private limited company based in Bangalore, Karnataka, India. The company works in digital payment solutions, within the financial services industry. It was incorporated on 04 October 2019 and is registered under CIN U72200KA2019PTC128494. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Lexin India Technology has 2 current directors:
- Balasubramanian Thiruchengode Venkataramanan - Director
- David Thomas - Director
The latest financial statements of Lexin India Technology on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 September 2021. Year-wise statements from FY 2020 are in the company report.
The CIN (Corporate Identification Number) of Lexin India Technology is U72200KA2019PTC128494. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Lexin India Technology was incorporated on 04 October 2019. It is registered with the Registrar of Companies, Bangalore.
The peers of Lexin India Technology by revenue are Oktech AA Information Services Private Limited, Mahi Innovative Solutions Private Limited, Scopeedge Connect Private Limited, all in the BFSI industry (Payment Solution Providers), with the same principal business activity (other information & communication service activities).
David Thomas was appointed as Director on 11 Jan 2022. Richa Jha ceased to be Director on 11 Jan 2022. Balasubramanian Thiruchengode Venkataramanan was appointed as Director on 26 Aug 2021. Lexin India Technology has 7 board changes on record in total.
The registered office of Lexin India Technology is at No.32 1st Floor Car Street Ulsoor, Bangalore, Karnataka, India – 560008.
The GSTIN of Lexin India Technology is 29AAECL0474A1ZT, registered in Karnataka.
Lexin India Technology operates in the financial services industry, in the digital payment solutions segment.