About More Fintech Private Limited
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More Fintech 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 01 April 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U67100MH2019PTC323449. Its GSTIN is 27AAMCM5662K1ZV (Maharashtra).
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹7.94 Cr. It is led by directors Shekhar Agrawal and Pramod Kantilal Shah.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹12.02 Lakh, a decline of 88% compared to the previous year. For the same year it recorded a net loss of ₹71.68 Lakh and EBITDA of -₹70.88 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 52% over three years.
The company is associated with 1 brand: Morefintech.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website morefintech.in.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address203 2nd Floor, Corporate Centre Andheri Kurla Road, Mumbai, Maharashtra, India – 400059
- 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
Associated Brands with More Fintech Private Limited
More Fintech operates one associated brand: MOREFINTECH. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Stock broking and research services in the financial markets of India. | morefintech.in |
Business Activity of More Fintech Private Limited
The main business activity of More Fintech is financial and insurance service. In detail, this covers financial advisory, brokerage and consultancy services.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K7 | Financial Advisory, brokerage and Consultancy Services | 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.
Financials of More Fintech Private Limited FY 2024 filings available
More Fintech Private Limited reported revenue of ₹12.02 Lakh (down 88% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of More Fintech Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 52% over three years, including a 88% fall in the latest year. EBITDA rose 32% 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 More Fintech Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹12.02 Lakh | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹70.88 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹71.68 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 More Fintech Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | •••• | •••• | •••• | •••• | •••• |
| Net Profit Margin | •••• | •••• | •••• | •••• | •••• |
| 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 More Fintech are in the company report.
Financial statements from FY 2020
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.
Board of Directors of More Fintech Private Limited
More Fintech has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shekhar Agrawal | Director | 24 Jun 2019 | 7 Years 3 Months | Current |
| Pramod Kantilal Shah Also directs: Wealthbrain Private Limited | Additional Director | 13 Apr 2022 | 4 Years 6 Months | Current |
Peer Comparison of More Fintech Private Limited
More Fintech Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Broking Services, Fintech). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| J.V.A. Enterprises Private Limited | ₹12.05 Lakh (FY 2025) | •••• | •••• | -86.0% | •••• | New Delhi, Delhi, India |
| RVP Wealth Private Limited | ₹12.05 Lakh (FY 2025) | •••• | •••• | 58.0% | •••• | New Delhi, Delhi, India |
| Allied Shares Private Limited | ₹12.04 Lakh (FY 2024) | •••• | •••• | 56.0% | •••• | New Delhi, Delhi, India |
| Sukusama Shares & Securities Private Limited | ₹12.04 Lakh (FY 2020) | •••• | •••• | 812.0% | •••• | Mumbai, Maharashtra, India |
| Ten Quints Fintech Private Limited | ₹12.02 Lakh (FY 2025) | •••• | •••• | •••• | Mumbai, Maharashtra, India | |
| More Fintech Private Limited this company | ₹12.02 Lakh (FY 2024) | •••• | •••• | -88.0% | •••• | Mumbai, Maharashtra, India |
| Shanta Agencies Private Limited | ₹12.01 Lakh (FY 2025) | •••• | •••• | -99.0% | •••• | Mumbai, Maharashtra, India |
| Sezzle Fintech Private Limited | ₹12.01 Lakh (FY 2022) | •••• | •••• | 275.0% | •••• | Bangalore, Karnataka, India |
| Virita Securities Private Limited | ₹12.01 Lakh (FY 2025) | •••• | •••• | 0.0% | •••• | Ishwar Nagar, Delhi, India |
| Picturesque Trading Private Limited | ₹11.99 Lakh (FY 2025) | •••• | •••• | •••• | Thane, Maharashtra, India | |
| NJX Cooling Towers & Equipments Private Limited | ₹11.98 Lakh (FY 2025) | •••• | •••• | -74.0% | •••• | Meerut, Uttar Pradesh, India |
Peers are the five companies nearest above and the five nearest below More Fintech by revenue in the BFSI industry (Broking Services, Fintech), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of More Fintech Private Limited
More Fintech Private Limited is audited by J B A AND ASSOCIATES LLP. for the financial year 2024.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| J B A AND ASSOCIATES LLP. | 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.
Ownership and Shareholding of More Fintech 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 More Fintech Private Limited
More Fintech Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at More Fintech Private Limited
Employment history and EPFO contributions of people linked to More Fintech.
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.
Recent Activity on More Fintech Private Limited
More Fintech Private Limited has 4 board changes on record since 2019: 2 appointments and 2 cessations. The latest: Rahul Sharma ceased to be Director on 30 Mar 2024.
Credit Ratings, Litigation & Regulatory Alerts for More Fintech 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 More Fintech 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 More Fintech 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.
GST Compliance of More Fintech Private Limited
More Fintech has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAMCM5662K1ZV | Maharashtra | Active | 11 Jun 2019 |
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.
MCA Filings & Documents of More Fintech 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.
Frequently Asked Questions about More Fintech Private Limited
More Fintech 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 01 April 2019 (7+ years old) and is registered under CIN U67100MH2019PTC323449.
More Fintech reported revenue of ₹12.02 Lakh for FY 2024 (down 88% YoY).
More Fintech has 2 current directors:
- Shekhar Agrawal - Director
- Pramod Kantilal Shah - Additional Director
More Fintech reported a net loss of ₹71.68 Lakh and EBITDA of -₹70.88 Lakh for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of More Fintech is -52% over three years. In the latest year (FY 2024) revenue fell 88%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of More Fintech is 27AAMCM5662K1ZV, registered in Maharashtra.
The CIN (Corporate Identification Number) of More Fintech is U67100MH2019PTC323449. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
More Fintech was incorporated on 01 April 2019, making it 7+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of More Fintech by revenue are J.V.A. Enterprises Private Limited, RVP Wealth Private Limited, Allied Shares Private Limited, Sukusama Shares & Securities Private Limited, Ten Quints Fintech Private Limited and 5 more, all in the BFSI industry (Broking Services, Fintech).
Rahul Sharma ceased to be Director on 30 Mar 2024. Pramod Kantilal Shah was appointed as Additional Director on 13 Apr 2022. Ashwin Babu Tidke ceased to be Director on 24 Mar 2022. More Fintech has 4 board changes on record in total.
More Fintech can be reached through the website morefintech.in. Its registered office is in Mumbai, Maharashtra, India.