About Loanzen Technologies Private Limited
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Loanzen Technologies Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the online financial services segment of the internet and digital services sector. It was incorporated on 21 September 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72100KA2015PTC082923. Its GSTIN is 29AACCL9326P1ZR (Karnataka).
The company has an authorised share capital of ₹25.83 Cr and a paid-up capital of ₹16 Cr. It is led by directors including Murali Rajagopalachari and Arikeri Sivaprasad.
Its last annual general meeting (AGM) was held on 26 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2024, the company reported a revenue of ₹5.39 Cr, a decline of 46% compared to the previous year. For the same year it recorded a net loss of ₹5.67 Cr (net margin -105.2%) and EBITDA of -₹2.22 Cr (EBITDA margin -41.1%). Revenue has grown at a compounded annual rate (CAGR) of 2% over three years and 19% over five years.
Its group structure includes 1 subsidiary.
The company is associated with 1 brand: LoanZen. Court records list 4 cases involving the company, including 4 filed against it. The company has 13 deals on record (6 secondary share transfers, 5 funding rounds, 1 rights issue), with disclosed funding of ₹23.16 Cr; the latest was in February 2022.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website loanzen.in.
Company details
CIN history
Loanzen Technologies has one previous CIN (Corporate Identification Number): U65192KA2015PTC082923. The current CIN is U72100KA2015PTC082923, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72100KA2015PTC082923 | Current |
| U65192KA2015PTC082923 | Previous |
Contact details
Loanzen Technologies Private Limited's registered office is in Bangalore, Karnataka. Its website is loanzen.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressFloor No. 1 Property No. 14 Bbmp Pid 59 – 22 – 14, Road Kariyappa Road, Bangalore, Karnataka, India – 560004
- IndustryInternet, Online Financial Services
To see the full contact details of Loanzen Technologies 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
Brands
Loanzen Technologies operates one associated brand: LoanZen. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Vehicle and working capital loans are offered alongside insurance products. | loanzen.in |
Business activity
The main business activity of Loanzen Technologies 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 Loanzen Technologies Private Limited, buy the company report.
Financials of Loanzen Technologies Private Limited
FY 2024 filings availableLoanzen Technologies Private Limited reported revenue of ₹5.39 Cr (down 46% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 46% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 19%. 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 |
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| EBITDA | -₹2.22 Cr | ||||
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| Net Profit (PAT) | -₹5.67 Cr | ||||
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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 | -41.1% | ||||
| Net Profit Margin | -105.2% | ||||
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To see the full financial statements and ratios of Loanzen Technologies Private Limited, buy the company report.
Board of directors of Loanzen Technologies Private Limited
Loanzen Technologies has 3 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Murali Rajagopalachari Also directs: Net Avenue Technologies Limited, Loanzen Finance Private Limited | Director | 10 May 2021 | 5 Years 6 Months | Current |
| Arikeri Sivaprasad | Director | 12 Mar 2020 | 6 Years 7 Months | Current |
| Mukul Gulati | Nominee Director | 27 Jan 2022 | 4 Years 9 Months | Current |
Auditor
Loanzen Technologies Private Limited is audited by Brahmayya & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Brahmayya & Co | FY 2023 | 000515S |
Shareholding
The shareholding of Loanzen Technologies Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Loanzen Technologies Private Limited, buy the company report.
Deals & funding
Loanzen Technologies Private Limited has 13 deals on record (6 secondary share transfers, 5 funding rounds, 1 rights issue), with disclosed funding of ₹23.16 Cr; the latest was in February 2022.
Deals on record (5 of 13)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2022 | Secondary share transfer | Undisclosed | Buyer: Loanzen Employee Welfare Trust, an individual Seller: 2 individuals |
| Aug 2019 | Funding round · Series A | ₹12 Cr | Investors: Zephyr Peacock India, Kae Capital Management |
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: Tracxn Labs, 3 individuals Seller: Kae Capital Management, 3 individuals |
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: Kae Capital Management Seller: 3 individuals |
| Sep 2018 | Secondary share transfer | Undisclosed | Seller: an individual |
To see the full deal history of Loanzen Technologies Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Loanzen Technologies Private Limited has 4 court cases on record: 4 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 3 | 0 |
| District courts | 1 | 1 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Court case (AP.IM) | Filed against the company by individuals | Disposed |
| High Court, KARNATAKA | Arbitration matter | Filed against the company by individuals | Disposed |
| High Court, KARNATAKA | Court case (MFA) | Filed against the company by individuals | Disposed |
| District court, BENGALURU, Karnataka | Court case (Com.A.A.) | Filed against the company | Disposed |
To see the full case history of Loanzen Technologies 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 Loanzen Technologies Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Loanzen Technologies has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Loanzen Finance Private Limited | U65999KA2017PTC100666 |
To see the full group structure of Loanzen Technologies Private Limited, buy the company report.
GST
Loanzen Technologies has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCL9326P1ZR | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Loanzen Technologies Private Limited, buy the company report.
Recent activity
Loanzen Technologies Private Limited has 14 board changes on record since 2016: 3 appointments and 11 cessations. The latest: Mukul Gulati ceased to be Additional Director on 29 Nov 2022.
5 earlier events are in the company report.
News
Frequently asked questions
Loanzen Technologies is an active private limited company based in Bangalore, Karnataka, India. The company works in online financial services, within the internet industry. It was incorporated on 21 September 2015 (11+ years old) and is registered under CIN U72100KA2015PTC082923.
Loanzen Technologies has 3 current directors:
- Murali Rajagopalachari - Director
- Arikeri Sivaprasad - Director
- Mukul Gulati - Nominee Director
The latest financial statements of Loanzen Technologies on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 26 September 2024. Year-wise statements from FY 2016 are in the company report.
The GSTIN of Loanzen Technologies is 29AACCL9326P1ZR, registered in Karnataka.
The CIN (Corporate Identification Number) of Loanzen Technologies is U72100KA2015PTC082923. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Loanzen Technologies has 4 court cases on record: 4 filed against it. Most are in the high courts.
Loanzen Technologies was incorporated on 21 September 2015, making it 11+ years old. It is registered with the Registrar of Companies, Bangalore.
Loanzen Technologies has 13 deals on record (6 secondary share transfers, 5 funding rounds, 1 rights issue), with disclosed funding of ₹23.16 Cr; the latest was in February 2022.
Mukul Gulati ceased to be Additional Director on 29 Nov 2022. Navin Kotrappa Honagudi ceased to be Nominee Director on 26 May 2022. Mukul Gulati was appointed as Nominee Director on 27 Jan 2022. Loanzen Technologies has 14 board changes on record in total.
Loanzen Technologies can be reached through the website loanzen.in. Its registered office is in Bangalore, Karnataka, India.
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