MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-MH-19-0045021
Mihika Financial Services Private Limited - internet in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹23.82 Cr
▲ 120% YoY
Net loss · FY 2025
₹2.41 Cr
Net margin -10.1%
EBITDA · FY 2025
₹76.11 Lakh
EBITDA margin 3.2%
Authorised capital
₹20 Lakh
Registered with MCA
Paid-up capital
₹10.99 Lakh
Issued & subscribed
Open charges
₹10 Lakh
Satisfied ₹1.2 Cr
Company age
22 yrs
Est. 2004
Directors on board
2
As per MCA filings
About Mihika Financial Services Private Limited
Data last updated:
Mihika Financial Services Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the online financial services segment of the internet and digital services sector. It was incorporated on 20 January 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U67200MH2004PTC144103. Its GSTIN is 27AADCM8314R2ZU (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹20 Lakh and a paid-up capital of ₹10.99 Lakh. It was formerly known as Mihika Insurance and Financial Consultant Private Limited. It is led by directors Manish Prahlad Rai Hingar and Suchita Hingar.
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 B/307 Dynasty Business Park Opp Sangam Cinema, Andheri(E) Mumbai – 400059, Maharashtra, India – 400059.
As per the financials filed for FY 2025, the company reported a revenue of ₹23.82 Cr, a growth of 120% compared to the previous year. For the same year it recorded a net loss of ₹2.41 Cr (net margin -10.1%) and EBITDA of ₹76.11 Lakh (EBITDA margin 3.2%). Revenue has grown at a compounded annual rate (CAGR) of 131% over three years and 49% over five years.
Its group structure includes 1 subsidiary.
The company is associated with 3 brands: Fintoo, Fintooinvest and WealthTech. As per MCA filings, the company has open charges of ₹10 Lakh and satisfied charges of ₹1.2 Cr on record.
Mihika Financial Services Private Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-MH-19-0045021). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website fintooinvest.in.
Company details
CIN U67200MH2004PTC144103
Registration Number 144103
Incorporation Date 20 January 2004
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification MSME
Udyam Registration UDYAM-MH-19-0045021
Recognitions & Rankings of Mihika Financial Services
Contact details
Mihika Financial Services Private Limited's registered office is in Mumbai, Maharashtra. Its website is fintooinvest.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered AddressB/307 Dynasty Business Park Opp Sangam Cinema, Andheri(E) Mumbai – 400059, Maharashtra, India – 400059
- IndustryInternet, Online Financial Services
To see the full contact details of Mihika Financial Services Private Limited, buy the company report.
Comprehensive company report
Mihika Financial Services 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
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Brands
Mihika Financial Services operates multiple associated brands including Fintoo, Fintooinvest, and WealthTech. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Online financial planning and investment advisory platform is provided. | fintoo.in | |
| App-based investment and wealth aggregator platform | fintooinvest.in | |
| Robo advisory services are delivered via a SaaS platform. | wealthtech.ai |
Business activity
The main business activity of Mihika Financial Services 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 Mihika Financial Services Private Limited, buy the company report.
Financials of Mihika Financial Services Private Limited
FY 2025 filings availableMihika Financial Services Private Limited reported revenue of ₹23.82 Cr (up 120% YoY) for FY 2025.
Revenue · FY 2025
₹23.82 Cr ▲ 120%
Net loss · FY 2025
₹2.41 Cr margin -10.1%
EBITDA · FY 2025
₹76.11 Lakh margin 3.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 120%
3 years · compounded
▲ 131%
5 years · compounded
▲ 49%
EBITDA CAGR growth
1 year
▲ 118%
3 years · compounded
▲ 32%
5 years · compounded
▲ 21%
Revenue has grown at a compounded annual rate (CAGR) of 49% over five years, including 120% growth in the latest year. EBITDA rose 118% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹76.11 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹2.41 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.2% | ||||
| Net Profit Margin | -10.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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To see the full financial statements and ratios of Mihika Financial Services Private Limited, buy the company report.
Board of directors of Mihika Financial Services Private Limited
Mihika Financial Services has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manish Prahlad Rai Hingar Also directs: Financial Hospital Advisor LLP, Mihika Insurance Marketing Firm LLP, Prnam and Associates LLP and 5 more | Director | 20 Jan 2004 | 22 Years 9 Months | Current |
| Suchita Hingar | Director | 29 Jul 2021 | 5 Years 3 Months | Current |
Auditor
Mihika Financial Services Private Limited is audited by SAMDANI AND HAMIRWASIA for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SAMDANI AND HAMIRWASIA | FY 2023 | 112161W |
Shareholding
The shareholding of Mihika Financial Services 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 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Mihika Financial Services Private Limited, buy the company report.
Charges & borrowings
Open charges
₹10 Lakh
Satisfied charges
₹1.2 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 Jun 2020 | 100388858 | Others | ₹10 Lakh | Open | |
| 02 Dec 2020 | 100417460 | Others | ₹30 Lakh | Satisfied | |
| 30 Aug 2020 | 100388860 | Others | ₹17 Lakh | Satisfied | |
| 28 Jan 2020 | 100333392 | Others | ₹15 Lakh | Satisfied | |
| 10 Oct 2019 | 100299754 | Others | ₹8 Lakh | Satisfied |
To see the full charge records of Mihika Financial Services Private Limited, buy the company report.
Total charge records: 7 View all charges
Legal cases
No court or tribunal cases involving Mihika Financial Services 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
Mihika Financial Services Private Limited has 4 MSME Form 1 returns on record between 2019 and 2024, listing 8 overdue payments to 2 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| MGB Advisors Private Limited | |||
| Solnet Systems Private Limited |
To see the full MSME payment records of Mihika Financial Services Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Mihika Financial Services has 1 subsidiary company and 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
1
Subsidiary companies
1
Associated companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Wealthtech Robo Advisory Private Limited | U74900MH2013PTC240147 |
To see the full group structure of Mihika Financial Services Private Limited, buy the company report.
GST
Mihika Financial Services has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCM8314R2ZU | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Mihika Financial Services Private Limited, buy the company report.
Recent activity
Mihika Financial Services Private Limited has 5 board changes on record since 2004: 2 appointments and 3 cessations. The latest: Suchita Hingar was appointed as Director on 29 Jul 2021.
Charges
A charge with Others of Rs. 10.00 Lakh registered on 08 Jun 2020 with Charge ID 100388858 was modified on 27 Oct 2025.
AGM
Mihika Financial Services Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Mihika Financial Services Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge registered on 28 Jan 2020 via Charge ID 100333392 with Others was fully satisfied on 21 Oct 2024.
Charges
A charge registered on 02 Dec 2020 via Charge ID 100417460 with Others was fully satisfied on 13 Sep 2024.
Charges
A charge with Others of Rs. 30.00 Lakh registered on 02 Dec 2020 with Charge ID 100417460 was modified on 14 Jan 2024.
Charges
A charge registered on 30 Aug 2020 via Charge ID 100388860 with Others was fully satisfied on 25 Oct 2023.
Charges
A charge registered on 10 Oct 2019 via Charge ID 100299754 with Others was fully satisfied on 08 May 2023.
Charges
A charge registered on 13 Oct 2017 via Charge ID 100133447 with Others was fully satisfied on 03 Apr 2023.
Charges
A charge with Others of Rs. 15.00 Lakh registered on 28 Jan 2020 with Charge ID 100333392 was modified on 17 Mar 2023.
Charges
A charge with Others of Rs. 20.00 Lakh registered on 13 Oct 2017 with Charge ID 100133447 was modified on 10 Dec 2022.
Charges
A charge with Others of Rs. 8.00 Lakh registered on 10 Oct 2019 with Charge ID 100299754 was modified on 30 Nov 2022.
15 earlier events are in the company report.
Frequently asked questions
Mihika Financial Services is an active private limited company based in Mumbai, Maharashtra, India. The company works in online financial services, within the internet industry. It was incorporated on 20 January 2004 (22+ years old) and is registered under CIN U67200MH2004PTC144103.
Mihika Financial Services has 2 current directors:
- Manish Prahlad Rai Hingar - Director
- Suchita Hingar - Director
The latest financial statements of Mihika Financial Services 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 2015 are in the company report.
The GSTIN of Mihika Financial Services is 27AADCM8314R2ZU, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Mihika Financial Services is U67200MH2004PTC144103. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mihika Financial Services was incorporated on 20 January 2004, making it 22+ years old. It is registered with the Registrar of Companies, Mumbai.
Suchita Hingar was appointed as Director on 29 Jul 2021. Saju Subramunian Kattuparambil ceased to be Additional Director on 02 Dec 2020. Prahalad Rai Hingar ceased to be Director on 08 Jul 2020. Mihika Financial Services has 5 board changes on record in total.
Yes, Mihika Financial Services is registered as an MSME under Udyam registration (number: UDYAM-MH-19-0045021).
Mihika Financial Services has 4 MSME Form 1 returns on record between 2019 and 2024, listing 8 overdue payments to 2 micro and small suppliers. The latest return was filed on 30 Apr 2024.
Mihika Financial Services can be reached through the website fintooinvest.in. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Mihika Financial Services is at B307 Dynasty Business Park Opp Sangam Cinema, AndheriE Mumbai – 400059, Maharashtra, India – 400059.
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