Mode Finserver Private Limited

Mode Finserver Private Limited - internet in Bengaluru, Karnataka, India. FY 2026 financials & compliance.
CIN U65100KA2011PTC057936 Incorporated 31 March 2011 ROC Bangalore HQ Bengaluru, Karnataka, India
Active Private Limited Company internet MSME · Small
Data last updated
Revenue · FY 2024
₹39.49 Cr
▲ 41% YoY
Net profit · FY 2024
₹5.9 Cr
Net margin 14.9%
EBITDA · FY 2024
₹13.78 Cr
EBITDA margin 34.9%
Authorised capital
₹4 Cr
Registered with MCA
Paid-up capital
₹31.5 Lakh
Issued & subscribed
Open charges
₹21.75 Cr
Satisfied ₹16.1 Cr
Company age
15 yrs
Est. 2011
Employees · EPFO
160
Provident fund records

About Mode Finserver Private Limited

Data last updated:

Mode Finserver Private Limited is a private limited company based in Bengaluru, Karnataka, India. It operates in the online financial services segment of the internet and digital services sector. It was incorporated on 31 March 2011 and has been in existence for over 15 years.

The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65100KA2011PTC057936. Its GSTIN is 29AAHCM3458N1ZS (Karnataka). The company holds 3 GST registrations, of which 2 are active.

The company has an authorised share capital of ₹4 Cr and a paid-up capital of ₹31.5 Lakh. It is led by directors including Amarnath Panguluru Chowdary (Managing Director) and Deepthi Gundala.

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 228 Aikya 7th Main Rajiv Gandhi Nagar Nandini Layout, Bengaluru, Karnataka, India – 560096.

As per the financials filed for FY 2024, the company reported a revenue of ₹39.49 Cr, a growth of 41% compared to the previous year. For the same year it recorded a net profit of ₹5.9 Cr (net margin 14.9%) and EBITDA of ₹13.78 Cr (EBITDA margin 34.9%). Revenue has grown at a compounded annual rate (CAGR) of 6% over three years and 11% over five years.

The company has about 160 employees on its provident fund (EPFO) records.

The company is associated with 2 brands: Modefin and Mopay. As per MCA filings, the company has open charges of ₹21.75 Cr and satisfied charges of ₹16.1 Cr on record. Court records list 13 cases involving the company, including 10 filed by the company and 3 filed against it; 4 cases are pending. The company has 5 deals on record (2 funding rounds, 2 secondary share transfers, 1 debt financing), with disclosed funding of ₹20.38 Cr; the latest was in November 2022.

Mode Finserver Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0029730). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website modefin.com.

Company details

CIN U65100KA2011PTC057936
Registration Number 057936
Incorporation Date 31 March 2011
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-KR-03-0029730

CIN history

Mode Finserver has one previous CIN (Corporate Identification Number): U74900KA2011PTC057936. The current CIN is U65100KA2011PTC057936, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
U65100KA2011PTC057936Current
U74900KA2011PTC057936Previous
Key People
Amarnath Panguluru Chowdary Managing Director Deepthi Gundala Director Amit Bhagchand Darda Director

Recognitions & Rankings of Mode Finserver

MSME (Udyam registered) Ministry of MSME
Category
Small (2024-25)
Udyam number
UDYAM-KR-03-0029730

Contact details

Mode Finserver Private Limited's registered office is in Bengaluru, Karnataka. Its website is modefin.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    modefin.com
  • Social Media
  • Registered Address
    228 Aikya 7th Main Rajiv Gandhi Nagar Nandini Layout, Bengaluru, Karnataka, India – 560096
  • Industry
    Internet, Online Financial Services

To see the full contact details of Mode Finserver Private Limited, buy the company report.

Comprehensive company report
Mode Finserver 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

Mode Finserver operates two associated brands: Modefin and Mopay. Each brand links to its own profile.

BrandDescriptionWebsite
Modefin
Banking software solutions are provided by Modefin to financial sectors.modefin.com
Mopay
Wallet-enabled money transfers and bill payments are facilitated.mopay.io

Financials of Mode Finserver Private Limited

FY 2024 filings available

Mode Finserver Private Limited reported revenue of ₹39.49 Cr (up 41% YoY) for FY 2024.

Revenue · FY 2024
₹39.49 Cr ▲ 41%
Net profit · FY 2024
₹5.9 Cr margin 14.9%
EBITDA · FY 2024
₹13.78 Cr margin 34.9%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 41%
3 years · compounded
▼ 6%
5 years · compounded
▲ 11%
EBITDA CAGR growth
1 year
▲ 281%
3 years · compounded
▼ 10%
5 years · compounded
▲ 14%

Revenue has grown at a compounded annual rate (CAGR) of 11% over five years, including 41% growth in the latest year. EBITDA rose 281% 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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 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₹13.78 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)₹5.9 Cr
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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Profitability
EBITDA Margin34.9%
Net Profit Margin14.9%
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 Mode Finserver Private Limited, buy the company report.

Board of directors of Mode Finserver Private Limited

Mode Finserver has 4 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Deepthi Gundala
Also directs: Vezbynature Products Private Limited, B.Local Technologies Private Limited, Exotic Dry Drinks Retail LLP and 3 more
Director13 Dec 201312 Years 10 MonthsCurrent
Amarnath Panguluru Chowdary
Also directs: Vezbynature Products Private Limited, B.Local Technologies Private Limited, Exotic Dry Drinks Retail LLP and 3 more
Managing Director25 Feb 201511 Years 8 MonthsCurrent
Amit Bhagchand DardaDirector18 Jan 201610 Years 9 MonthsCurrent
Harinath Chowdary Panguluru
Also directs: Vezbynature Products Private Limited, B.Local Technologies Private Limited
Director31 Mar 201115 Years 7 MonthsCurrent
View all directors

Auditor

Mode Finserver Private Limited is audited by GRSM & Associates for the financial year 2023.

Auditor firmFinancial yearFirm registration number
GRSM & AssociatesFY 2023000863S

Shareholding

The shareholding of Mode Finserver 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 categoryFY 2023FY 2022FY 2021FY 2020FY 2019
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Mode Finserver Private Limited, buy the company report.

Charges & borrowings

Open charges
₹21.75 Cr
Satisfied charges
₹16.1 Cr
Breakdown by lending institutions
State Bank of India₹21.75 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
13 Dec 2023100841254State Bank of India₹7 CrOpen
27 Sep 2021100492124State Bank of India₹14.75 CrOpen
27 May 2022100583302Axis Bank Limited₹4.9 CrSatisfied
04 Mar 2021100430587Axis Bank Limited₹7.12 LakhSatisfied
20 Jan 2020100319182Axis Bank Limited₹68.92 LakhSatisfied

To see the full charge records of Mode Finserver Private Limited, buy the company report.

Total charge records: 8 View all charges

Deals & funding

Mode Finserver Private Limited has 5 deals on record (2 funding rounds, 2 secondary share transfers, 1 debt financing), with disclosed funding of ₹20.38 Cr; the latest was in November 2022.

Total deals
5
Funding rounds
2
Secondary share transfers
2
Debt financing
1
Disclosed funding
₹20.38 Cr

Deals on record (5 of 5)

WhenDealAmountParties
Nov 2022Debt financing₹20 CrInvestors: Anicut Capital
Feb 2018Secondary share transferUndisclosedBuyer: an individual
Seller: an individual
Jul 2016Funding round₹33.8 LakhInvestors: an individual
Feb 2014Secondary share transferUndisclosedBuyer: an individual
Seller: 2 individuals
Mar 2012Funding round₹4 LakhInvestors: 2 individuals

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Credit ratings & regulatory alerts

Mode Finserver Private Limited was last rated by Crisil on 28 Apr 2021.

Rating agencyRated onRating
Crisil28 Apr 2021

To see the full credit ratings and regulatory alerts of Mode Finserver Private Limited, buy the company report.

MSME payment delays

No delayed payments to MSME suppliers are on our record for Mode Finserver Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

Employees & EPFO

Mode Finserver Private Limited has a workforce of 160 employees on its EPFO records as of Nov 2025, across 1 active EPFO establishment.

Employee count
160
Active EPFO establishments
1
Employee growth
14.3%

Headcount by financial year

Financial yearEmployees (EPFO)
FY 2025-26160
FY 2024-25
FY 2023-24
FY 2022-23
FY 2021-22
FY 2020-21
FY 2019-20
FY 2018-19
FY 2017-18
FY 2016-17

To see the full employee and EPFO history of Mode Finserver Private Limited, buy the company report.

GST

Mode Finserver has 3 GST registrations: 2 active and 1 cancelled or inactive.

Total GSTINs
3
Active
2
Cancelled / inactive
1
GSTINStateStatusRegistered on
29AAHCM3458N1ZSKarnatakaActive01 Jul 2017
36AAHCM3458N1ZXTelanganaActive24 Jan 2023

To see the full GST registrations and return filing status of Mode Finserver Private Limited, buy the company report.

Recent activity

Mode Finserver Private Limited has 9 board changes on record since 2011: 4 appointments and 5 cessations. The latest: Harinath Chowdary Panguluru ceased to be Director on 18 Feb 2020.

AGM
Mode Finserver Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Mode Finserver Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Charges
A charge with State Bank Of India amounted to Rs. 7.00 Cr with Charge ID 100841254 was registered on 13 Dec 2023.
Charges
A charge registered on 27 May 2022 via Charge ID 100583302 with Axis Bank Limited was fully satisfied on 22 Nov 2023.
Charges
A charge with State Bank Of India of Rs. 14.75 Cr registered on 27 Sep 2021 with Charge ID 100492124 was modified on 15 Feb 2023.
Charges
A charge registered on 27 Nov 2015 via Charge ID 10605483 with Axis Bank Limited was fully satisfied on 18 Jun 2022.
Charges
A charge with Axis Bank Limited of Rs. 4.90 Cr registered on 27 May 2022 with Charge ID 100583302 was modified on 30 May 2022.
Charges
A charge with Axis Bank Limited amounted to Rs. 4.90 Cr with Charge ID 100583302 was registered on 27 May 2022.
Charges
A charge registered on 20 Jan 2020 via Charge ID 100319182 with Axis Bank Limited was fully satisfied on 28 Mar 2022.
Charges
A charge registered on 04 Mar 2021 via Charge ID 100430587 with Axis Bank Limited was fully satisfied on 21 Feb 2022.
Charges
A charge with State Bank Of India amounted to Rs. 14.75 Cr with Charge ID 100492124 was registered on 27 Sep 2021.
Charges
A charge with Axis Bank Limited amounted to Rs. 0.07 Cr with Charge ID 100430587 was registered on 04 Mar 2021.

18 earlier events are in the company report.

News

mopay introduces one-click mobile payments in Germany
19 Jul 2013 · Electronicpaymentsinternational

Frequently asked questions

Mode Finserver is an active private limited company based in Bengaluru, Karnataka, India. The company works in online financial services, within the internet industry. It was incorporated on 31 March 2011 (15+ years old) and is registered under CIN U65100KA2011PTC057936.

Mode Finserver has 4 current directors:

The latest financial statements of Mode Finserver on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.

The GSTIN of Mode Finserver is 29AAHCM3458N1ZS, registered in Karnataka. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 36AAHCM3458N1ZX (Telangana).

The CIN (Corporate Identification Number) of Mode Finserver is U65100KA2011PTC057936. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Mode Finserver has 13 court cases on record: 10 filed by the company and 3 filed against it. 4 are pending. Most are in the district courts.

Mode Finserver was incorporated on 31 March 2011, making it 15+ years old. It is registered with the Registrar of Companies, Bangalore.

Mode Finserver has 5 deals on record (2 funding rounds, 2 secondary share transfers, 1 debt financing), with disclosed funding of ₹20.38 Cr; the latest was in November 2022.

Harinath Chowdary Panguluru ceased to be Director on 18 Feb 2020. Amit Bhagchand Darda ceased to be Additional Director on 30 Sep 2016. Amarnath Panguluru Chowdary ceased to be Director on 18 Aug 2016. Mode Finserver has 9 board changes on record in total.

Yes, Mode Finserver is registered as a small enterprise under Udyam registration (number: UDYAM-KR-03-0029730).