About Moneybag Ventures Private Limited
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Moneybag Ventures Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the business and IT consulting segment of the business process outsourcing sector. It was incorporated on 03 November 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U67120KA2004PTC034962. Its GSTIN is 29AACCB5030G1ZZ (Karnataka).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Abdul Gaffar Sait and Sri Harsha Bankapura Sumanthu.
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 Bangalore, Karnataka.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.44 Cr, a growth of 43% compared to the previous year. For the same year it recorded a net loss of ₹3.68 Cr (net margin -256.3%) and EBITDA of -₹3.31 Cr (EBITDA margin -230.3%). Revenue has grown at a compounded annual rate (CAGR) of 12% over three years and 15% over five years.
The company has about 2 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.
The company is associated with 2 brands: Claims Express and EduBasket. As per MCA filings, the company has open charges of ₹52.11 Lakh on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website basketoption.in.
Company details
Contact details
Moneybag Ventures Private Limited's registered office is in Bangalore, Karnataka. Its website is basketoption.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo.2307 (Old No.44/6) Ground Floor Swanlines 12th Main Road 3rd Block East Jayanaga, R, Bangalore, Karnataka, India – 560011
- IndustryBusiness Outsourcing, Business & IT Consulting
To see the full contact details of Moneybag Ventures 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
Moneybag Ventures operates two associated brands: Claims Express and EduBasket. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides streamlined insurance claims processing solutions for efficient operations. | claimsexpress.in | |
| Vocational training company | edubasket.in |
Business activity
The main business activity of Moneybag Ventures is support service to organizations. In detail, this covers office administrative and other business activities including call centers, organising conventions, collection agencies, packaging activities etc..
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N6 | Office administrative and other business activities including call centers, organising conventions, collection agencies, packaging activities etc. |
To see the full business activity and turnover split of Moneybag Ventures Private Limited, buy the company report.
Financials of Moneybag Ventures Private Limited
FY 2025 filings availableMoneybag Ventures Private Limited reported revenue of ₹1.44 Cr (up 43% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 15% over five years, including 43% growth 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | -₹3.31 Cr | ||||
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| Net Profit (PAT) | -₹3.68 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA Margin | -230.3% | ||||
| Net Profit Margin | -256.3% | ||||
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To see the full financial statements and ratios of Moneybag Ventures Private Limited, buy the company report.
Board of directors of Moneybag Ventures Private Limited
Moneybag Ventures 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 |
|---|---|---|---|---|
| Abdul Gaffar Sait Also directs: Passion Connect Technologies LLP, Gseas Technologies LLP, Red Lounge Capital Advisors LLP and 5 more | Director | 03 Nov 2004 | 21 Years 11 Months | Current |
| Sri Harsha Bankapura Sumanthu Also directs: Lucky Maskot Decor LLP | Director | 07 Aug 2018 | 8 Years 2 Months | Current |
Auditor
Moneybag Ventures Private Limited is audited by RAMASWAMY VIJAYANAND for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RAMASWAMY VIJAYANAND | FY 2022 | 202118 |
Shareholding
The shareholding of Moneybag Ventures Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
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| Domestic institutional investors (DII) | |||||
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| Others |
To see the full shareholding pattern of Moneybag Ventures Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 May 2025 | 101106264 | Hdfc Bank Limited | ₹52.11 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Moneybag Ventures 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 Moneybag Ventures Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Moneybag Ventures has 2 subsidiary companies and 1 associated company. This group structure data is as of FY 2022. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Smi Global Learning Private Limited | U74900KA2015PTC085010 | |
| Elife Healthcare Services Private Limited | U85110KA2011PTC059335 |
To see the full group structure of Moneybag Ventures Private Limited, buy the company report.
Employees & EPFO
Moneybag Ventures Private Limited has a workforce of 2 employees on its EPFO records as of Apr 10, 2024, across 1 active EPFO establishment.
GST
Moneybag Ventures has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCB5030G1ZZ | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Moneybag Ventures Private Limited, buy the company report.
Recent activity
Moneybag Ventures Private Limited has 7 board changes on record since 2004: 2 appointments and 5 cessations. The latest: Shaik Mohammed Yesdani Athar ceased to be Director on 07 Aug 2018.
Frequently asked questions
Moneybag Ventures is an active private limited company based in Bangalore, Karnataka, India. The company works in business and IT consulting, within the business outsourcing industry. It was incorporated on 03 November 2004 (22+ years old) and is registered under CIN U67120KA2004PTC034962.
Moneybag Ventures has 2 current directors:
- Abdul Gaffar Sait - Director
- Sri Harsha Bankapura Sumanthu - Director
The latest financial statements of Moneybag Ventures 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 Moneybag Ventures is 29AACCB5030G1ZZ, registered in Karnataka.
The CIN (Corporate Identification Number) of Moneybag Ventures is U67120KA2004PTC034962. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Moneybag Ventures was incorporated on 03 November 2004, making it 22+ years old. It is registered with the Registrar of Companies, Bangalore.
Shaik Mohammed Yesdani Athar ceased to be Director on 07 Aug 2018. Sri Harsha Bankapura Sumanthu was appointed as Director on 07 Aug 2018. Krishnan Vaidyanathan Harihara Nurani ceased to be Director on 01 Dec 2017. Moneybag Ventures has 7 board changes on record in total.
Moneybag Ventures can be reached through the website basketoption.in. Its registered office is in Bangalore, Karnataka, India.
The registered office of Moneybag Ventures is at No.2307 Old No.446 Ground Floor Swanlines 12th Main Road 3rd Block East Jayanaga, R, Bangalore, Karnataka, India – 560011.
Moneybag Ventures operates in the business outsourcing industry, in the business and IT consulting segment.
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