About Mfins Services Private Limited
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Mfins Services Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 23 August 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74120MH2011PTC221121. Its GSTIN is 27AAHCM3839P2ZQ (Maharashtra). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹2 Lakh and a paid-up capital of ₹1.72 Lakh. It was formerly known as Mos Financial Services Private Limited and Mfins Distribution Private Limited. It is led by directors Yagnesh Parmar and Santosh Sohanlal Gupta.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at T – 14 Sej Plaza Csl Marve Road Off. Sv Road, Mumbai, Maharashtra, India – 400064.
As per the financials filed for FY 2025, the company reported a revenue of ₹14.48 Cr, a growth of 56% compared to the previous year. For the same year it recorded a net profit of ₹72.22 Lakh (net margin 5%) and EBITDA of ₹1.18 Cr (EBITDA margin 8.1%). Revenue has grown at a compounded annual rate (CAGR) of 43% over three years and 228% over five years.
The company is associated with 1 brand: MFins.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website m-fins.in.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressT – 14 Sej Plaza Csl Marve Road Off. Sv Road, Mumbai, Maharashtra, India – 400064
- IndustryFinancial Services, Diversified Financial Services
- 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
- One PDF report, delivered after checkout
Name History of Mfins Services Private Limited
Mfins Services has undergone 3 name changes throughout its history. The company was previously known as Mos Financial Services Private Limited, Mfins Distribution Private Limited, and Mfins Services Private Limited. The current legal name is Mfins Services Private Limited.
| Company Name | Status |
|---|---|
| Mfins Services Private Limited | Current |
| Mos Financial Services Private Limited | Previous |
| Mfins Distribution Private Limited | Previous |
Competitors & Alternatives of Mfins Services Private Limited
Brands and companies operating in the same space as Mfins Services Private Limited include Pay Point India, Findi, OneLoad and 7 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
 Pay Point India | Digital financial and retail services are provided via agent networks. | Mumbai, India | 2007 |
 Findi | Provider of digital payment and ATM services | Melbourne, Australia | 1992 |
 OneLoad | App-based platform for unbanked financial services is developed. | Lahore, Pakistan | 2013 |
 Mahagram | Provides API-based corresponding banking solutions. | Thane, India | 2015 |
 Bharat Housing Network | Provider of co-lending platform connecting housing finance companies with capital and technology. | Bengaluru, India | 2020 |
 Eko | Provider of financial service APIs and white-label portal solutions | Gurugram, India | 2006 |
 RedCloud | RedCloud is recognized as a digital trading platform for FMCG inventory. | London, United Kingdom | 2014 |
 Nomanini | Financial inclusion solutions are provided for banks and informal merchants. | Cape Town, South Africa | 2011 |
 Tapp Group | App-based correspondent banking solution | Melbourne, Australia | 2013 |
 Opareta | Provider of agent-based lending and money management solutions | Uganda | 2019 |
Business Activity of Mfins Services Private Limited
The main business activity of Mfins Services is financial and insurance service. In detail, this covers other financial activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Mfins Services Private Limited
Mfins Services Private Limited is audited by MATHIA AND CO for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| MATHIA AND CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Mfins Services Private Limited
Mfins Services 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 |
|---|---|---|---|---|
| Yagnesh Parmar Also directs: Stellar Digicom Services LLP | Director | 05 Apr 2023 | 3 Years 6 Months | Current |
| Santosh Sohanlal Gupta | Additional Director | 12 Jun 2019 | 7 Years 3 Months | Current |
Financials of Mfins Services Private Limited FY 2024 filings available
Mfins Services Private Limited reported revenue of ₹14.48 Cr (up 56% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Mfins Services Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 228% over five years, including 56% growth in the latest year. EBITDA rose 180% 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 of Mfins Services Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
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| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹1.18 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹72.22 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 of Mfins Services Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 5% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Mfins Services are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Mfins Services Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Mfins Services Private Limited
Mfins Services Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Mfins Services Private Limited
Employment history and EPFO contributions of people linked to Mfins Services.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
GST Compliance of Mfins Services Private Limited
Mfins Services has 3 GST registrations: 2 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAHCM3839P2ZQ | Maharashtra | Active | 10 Jan 2020 |
| 27AAHCM3839P1C2 | Maharashtra | Active | 02 Sep 2024 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
Credit Ratings, Litigation & Regulatory Alerts for Mfins Services Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Mfins Services Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Mfins Services Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Mfins Services Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Recent Activity on Mfins Services Private Limited
Frequently Asked Questions about Mfins Services Private Limited
Mfins Services is an active private limited company based in Mumbai, Maharashtra, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 23 August 2011 (15+ years old) and is registered under CIN U74120MH2011PTC221121.
Mfins Services reported revenue of ₹14.48 Cr for FY 2025 (up 56% YoY).
Mfins Services has 2 current directors:
- Yagnesh Parmar - Director
- Santosh Sohanlal Gupta - Additional Director
Mfins Services reported a net profit of ₹72.22 Lakh (net margin 5%) and EBITDA of ₹1.18 Cr (EBITDA margin 8.1%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Mfins Services is 43% over three years and 228% over five years. In the latest year (FY 2025) revenue rose 56%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Mfins Services is 27AAHCM3839P2ZQ, registered in Maharashtra. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 27AAHCM3839P1C2 (Maharashtra).
The CIN (Corporate Identification Number) of Mfins Services is U74120MH2011PTC221121. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mfins Services was incorporated on 23 August 2011, making it 15+ years old. It is registered with the Registrar of Companies, Mumbai.
Mfins Services can be reached through the website m-fins.in. Its registered office is in Mumbai, Maharashtra, India.