- Udyam number
- UDYAM-TN-02-0148267

About Niyogin Fintech Limited
Data last updated:
Niyogin Fintech Limited is a public limited company based in Chennai, Tamil Nadu, India. It operates in the investment and credit NBFC segment of the financial services sector. It was incorporated on 01 February 1988 and has been in existence for over 38 years.
Its director Kapil Kapoor is #1,277 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN L65910TN1988PLC131102. Its GSTIN is 33AAACT6999G1ZY (Tamil Nadu). The company holds 2 GST registrations, all of them active. It is a listed company as per MCA records. Its shares are listed on BSE: 538772.
The company has an authorised share capital of ₹135.59 Cr and a paid-up capital of ₹111.25 Cr. It was formerly known as Tibrewal Global Finance Limited and Tibrewal Global Finance Private Limited. It is led by directors including Tashwinder Harjap Singh (Managing Director) and Samir Mohan Pandiri.
Its last annual general meeting (AGM) was held on 17 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Mig 944 Ground Floor Tnhb Colony 1st Main Road Velachery, Chennai, Tamil Nadu, India – 600042.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹287.27 Cr, a decline of 5.6% compared to the previous year. For the same year it recorded a net loss of ₹39 Lakh (net margin -0.1%) and EBITDA of ₹4.44 Cr (EBITDA margin 1.5%). The net worth stands at ₹325.15 Cr (up 0.7% YoY). Total assets are valued at ₹557.23 Cr (up 31.1% YoY).
The company has about 70 employees on its provident fund (EPFO) records. Its group structure includes 3 subsidiaries.
The company is associated with 2 brands: iServeU and Niyogin. As per MCA filings, the company has open charges of ₹190.88 Cr and satisfied charges of ₹212 Cr on record. Court records list 612 cases involving the company, including 593 filed by the company and 19 filed against it; 344 cases are pending. The company has 61 deals on record (59 market trades, 1 funding round, 1 acquisition), with disclosed funding of ₹235 Cr; the latest was in March 2026. Its 7 peer companies in the BFSI industry (Fintech, Large NBFC, Mid Sized Non Deposit NBFC), with the same principal business activity (other financial activities) are compared by revenue, 4 larger and 3 smaller; the largest is A. K. Capital Finance Limited with revenue of ₹313.89 Cr. The company has 11 MSME Form 1 returns on record between 2019 and 2024, listing 67 overdue payments to 25 micro and small suppliers.
Niyogin Fintech Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-TN-02-0148267). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website niyogin.in.
Company details
Name history
Niyogin Fintech has undergone 4 name changes throughout its history. The current legal name is Niyogin Fintech Limited.
| Company Name | Status |
|---|---|
| Niyogin Fintech Limited | Current |
| Tibrewal Global Finance Limited | Previous |
| Tibrewal Global Finance Private Limited | Previous |
| M3 Global Finance Limited | Previous |
| Parmarth Financial Consultants Private Limited | Previous |
CIN history
Niyogin Fintech has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L65910TN1988PLC131102, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L65910TN1988PLC131102 | Current |
| L65910MH1988PLC239746 | Previous |
| L65910GJ1988PLC010314 | Previous |
Recognitions & Rankings of Niyogin Fintech
- #1,277 Kapil Kapoor ₹1,800 Cr
Contact details
Niyogin Fintech Limited's registered office is in Chennai, Tamil Nadu. Its website is niyogin.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressMig 944 Ground Floor Tnhb Colony 1st Main Road Velachery, Chennai, Tamil Nadu, India – 600042
- IndustryFinancial Services, Investment & Credit NBFC, NBFC
To see the full contact details of Niyogin Fintech 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
Niyogin Fintech operates two associated brands: iServeU and Niyogin. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Financial infrastructure platform is offered for banking and remittance services. | iserveu.in | |
| Online lending marketplace for business loans | niyogin.com |
Business activity
The main business activity of Niyogin Fintech 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 Niyogin Fintech Limited, buy the company report.
Financials of Niyogin Fintech Limited
FY 2025-26 filings availableNiyogin Fintech Limited reported revenue of ₹287.27 Cr (down 5.6% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 287 | 304 | 196 | 110 | 103 | 50.15 | 27.91 |
| Revenue growth | -5.6% | +55.3% | +78.9% | +6.3% | +105.4% | +79.7% | - |
| EBITDA | 4.44 | (2.98) | (14.63) | (27.86) | (5.42) | (2.10) | (20.39) |
| EBITDA margin | +1.6% | -1.0% | -7.5% | -25.4% | -5.3% | -4.2% | -73.1% |
| Profit before tax | 3.41 | (22.27) | (26.12) | (28.13) | (7.73) | (7.25) | (24.64) |
| Net profit | (0.39) | (15.89) | (16.79) | (17.66) | (5.94) | (6.92) | (23.90) |
| Net profit margin | -0.1% | -5.2% | -8.6% | -16.1% | -5.8% | -13.8% | -85.6% |
| EPS (₹) | (0.04) | (1.43) | (1.76) | (1.87) | (0.63) | (0.74) | (2.78) |
| Balance sheet | |||||||
| Total assets | 557 | 425 | 342 | 287 | 311 | 313 | 242 |
| Net worth | 325 | 323 | 281 | 273 | 286 | 285 | 241 |
| Total debt | 225 | 96.04 | 53.92 | 0.07 | 0.29 | 0.29 | 0.22 |
| Cash & bank | 143 | 114 | 130 | 89.45 | 88.01 | 98.61 | 45.82 |
| Net working capital | 103 | 57.80 | 79.50 | 95.10 | 90.03 | 62.39 | 43.80 |
| Cash flow | |||||||
| Cash from operations | (80.95) | (86.00) | (36.82) | (58.37) | (69.93) | 110 | (104) |
| Cash from investing | (62.97) | (8.81) | (17.81) | 86.66 | 38.83 | (118) | 112 |
| Cash from financing | 124 | 91.49 | 69.55 | (2.70) | 0.36 | 46.85 | (1.13) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 65.58 | 71.97 | 63.10 | 70.10 | 81.75 | 69.85 | 111 | 72.52 |
| Revenue growth (YoY) | -19.8% | +3.0% | -43.3% | -3.3% | +62.2% | - | - | - |
| Other income | 1.18 | 5.43 | 17.89 | 6.18 | 4.39 | 2.26 | 2.00 | 0.37 |
| EBITDA | 4.33 | 6.05 | (7.13) | 2.75 | 1.33 | 0.26 | (1.25) | 1.32 |
| EBITDA margin | +6.6% | +8.4% | -11.3% | +3.9% | +1.6% | +0.4% | -1.1% | +1.8% |
| Depreciation | 3.65 | 2.69 | 2.62 | 2.67 | 2.33 | 2.33 | 2.44 | 2.57 |
| Interest | 8.01 | 7.38 | 6.31 | 5.33 | 4.15 | 3.30 | 3.56 | 3.17 |
| Profit before tax | (6.15) | 1.41 | 1.83 | 0.93 | (0.76) | (3.11) | (5.25) | (4.05) |
| Tax | (1.15) | 0.31 | 1.35 | 0.29 | 1.09 | (5.78) | (0.34) | 0.20 |
| Net profit | (5.00) | 1.10 | 0.48 | 0.64 | (1.85) | 2.67 | (4.91) | (4.25) |
| EPS (₹) | (0.24) | 0.06 | 0.01 | 0.02 | (0.14) | (0.02) | (0.50) | (0.44) |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 104 | 76.48 | 40.38 | 24.21 | 22.00 | 25.52 | 27.53 |
| Revenue growth | +35.3% | +89.4% | +66.8% | +10.1% | -13.8% | -7.3% | - |
| EBITDA | 6.51 | (2.11) | (6.11) | (7.94) | (5.75) | (3.87) | (19.66) |
| EBITDA margin | +6.3% | -2.8% | -15.1% | -32.8% | -26.1% | -15.2% | -71.4% |
| Profit before tax | 5.11 | (9.78) | (7.54) | (6.37) | (4.21) | (6.43) | (23.31) |
| Net profit | 5.11 | (9.78) | (7.54) | (6.37) | (4.21) | (6.43) | (23.31) |
| Net profit margin | +4.9% | -12.8% | -18.7% | -26.3% | -19.1% | -25.2% | -84.7% |
| EPS (₹) | 0.46 | (0.88) | (0.79) | (0.68) | (0.45) | (0.69) | (2.71) |
| Balance sheet | |||||||
| Total assets | 485 | 442 | 350 | 287 | 289 | 287 | 242 |
| Net worth | 361 | 353 | 305 | 287 | 289 | 287 | 242 |
| Total debt | 125 | 89.15 | 44.98 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash & bank | 37.38 | 73.44 | 64.23 | 56.31 | 24.62 | 76.63 | 45.52 |
| Net working capital | 5.52 | 59.03 | 60.90 | 62.11 | 24.71 | 46.03 | 43.91 |
| Cash flow | |||||||
| Cash from operations | (62.41) | (79.64) | (65.40) | (30.60) | (52.72) | 103 | (103) |
| Cash from investing | (24.22) | (8.86) | (3.19) | 62.50 | 30.81 | (112) | 110 |
| Cash from financing | 35.56 | 97.85 | 66.53 | (0.54) | 0.18 | 46.89 | (0.76) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 29.19 | 26.06 | 25.62 | 26.50 | 25.29 | 23.34 | 20.12 | 16.94 |
| Revenue growth (YoY) | +15.4% | +11.7% | +27.3% | +56.4% | +57.8% | - | - | - |
| Other income | 0.62 | 3.88 | 8.27 | 1.19 | 1.12 | 1.04 | 0.73 | 0.10 |
| Total expenses | 23.94 | 23.82 | 28.26 | 22.23 | 22.68 | 24.16 | 20.72 | 16.84 |
| EBITDA | 5.25 | 2.24 | (2.64) | 4.27 | 2.61 | (0.82) | (0.60) | 0.10 |
| EBITDA margin | +18.1% | +8.7% | -10.3% | +16.2% | +10.4% | -3.5% | -3.0% | +0.6% |
| Depreciation | 0.22 | 0.23 | 0.24 | 0.24 | 0.25 | 0.15 | 0.35 | 0.28 |
| Interest | 4.83 | 4.35 | 4.17 | 3.47 | 2.88 | 2.40 | 2.67 | 2.03 |
| Profit before tax | 0.82 | 1.54 | 1.22 | 1.75 | 0.60 | (2.33) | (2.89) | (2.11) |
| Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 65.58 | 71.97 | 63.10 | 70.10 | 81.75 | 69.85 | 111 | 72.52 |
| Revenue growth (YoY) | -19.8% | +3.0% | -43.3% | -3.3% | +62.2% | - | - | - |
| Other income | 1.18 | 5.43 | 17.89 | 6.18 | 4.39 | 2.26 | 2.00 | 0.37 |
| EBITDA | 4.33 | 6.05 | (7.13) | 2.75 | 1.33 | 0.26 | (1.25) | 1.32 |
| EBITDA margin | +6.6% | +8.4% | -11.3% | +3.9% | +1.6% | +0.4% | -1.1% | +1.8% |
| Depreciation | 3.65 | 2.69 | 2.62 | 2.67 | 2.33 | 2.33 | 2.44 | 2.57 |
| Interest | 8.01 | 7.38 | 6.31 | 5.33 | 4.15 | 3.30 | 3.56 | 3.17 |
| Profit before tax | (6.15) | 1.41 | 1.83 | 0.93 | (0.76) | (3.11) | (5.25) | (4.05) |
| Tax | (1.15) | 0.31 | 1.35 | 0.29 | 1.09 | (5.78) | (0.34) | 0.20 |
| Net profit | (5.00) | 1.10 | 0.48 | 0.64 | (1.85) | 2.67 | (4.91) | (4.25) |
| EPS (₹) | (0.24) | 0.06 | 0.01 | 0.02 | (0.14) | (0.02) | (0.50) | (0.44) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 287 | 304 | 196 | 110 | 103 | 50.15 | 27.91 |
| Revenue growth | -5.6% | +55.3% | +78.9% | +6.3% | +105.4% | +79.7% | - |
| Other income | 33.55 | 4.63 | 1.99 | 7.64 | 4.07 | 0.48 | 0.14 |
| Total expenses | 283 | 307 | 211 | 137 | 108 | 52.25 | 48.30 |
| Employee cost | 43.44 | 47.51 | 43.35 | 35.37 | 29.01 | 18.73 | 18.43 |
| EBITDA | 4.44 | (2.98) | (14.63) | (27.86) | (5.42) | (2.10) | (20.39) |
| EBITDA margin | +1.6% | -1.0% | -7.5% | -25.4% | -5.3% | -4.2% | -73.1% |
| Depreciation | 10.31 | 9.54 | 8.10 | 6.10 | 5.39 | 5.01 | 4.09 |
| Interest | 24.27 | 14.38 | 5.38 | 1.81 | 0.99 | 0.62 | 0.30 |
| Profit before tax | 3.41 | (22.27) | (26.12) | (28.13) | (7.73) | (7.25) | (24.64) |
| Tax | 3.04 | (5.94) | (1.28) | 0.26 | (0.12) | 0.17 | (0.13) |
| Net profit | (0.39) | (15.89) | (16.79) | (17.66) | (5.94) | (6.92) | (23.90) |
| Net profit margin | -0.1% | -5.2% | -8.6% | -16.1% | -5.8% | -13.8% | -85.6% |
| EPS (₹) | (0.04) | (1.43) | (1.76) | (1.87) | (0.63) | (0.74) | (2.78) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 111 | 111 | 95.14 | 94.34 | 94.21 | 93.50 | 85.99 |
| Reserves & surplus | 214 | 212 | 167 | 178 | 192 | 192 | 155 |
| Shareholders' funds (net worth) | 325 | 323 | 281 | 273 | 286 | 285 | 241 |
| Minority interest | 6.96 | 6.07 | 6.51 | 14.55 | 25.28 | 26.95 | 0.67 |
| Secured loans | 168 | 93.54 | 53.92 | 0.00 | 0.00 | 0.00 | 0.00 |
| Unsecured loans | 57.55 | 2.50 | 0.00 | 0.07 | 0.29 | 0.29 | 0.22 |
| Total debt | 225 | 96.04 | 53.92 | 0.07 | 0.29 | 0.29 | 0.22 |
| Total liabilities | 557 | 425 | 342 | 287 | 311 | 313 | 242 |
| Assets | |||||||
| Gross block | 165 | 150 | 141 | 131 | 116 | 136 | 19.58 |
| Net block | 128 | 120 | 116 | 111 | 101 | 125 | 13.51 |
| Capital work in progress | 16.73 | 12.28 | 1.45 | 0.20 | 0.00 | 0.08 | 0.07 |
| Investments | 1.26 | 3.89 | 1.63 | 7.02 | 62.89 | 80.26 | 59.72 |
| Inventories | 10.23 | 7.07 | 5.65 | 5.18 | 1.92 | 0.92 | 0.00 |
| Sundry debtors | 44.91 | 35.58 | 15.30 | 22.92 | 27.62 | 7.98 | 0.04 |
| Cash & bank balances | 143 | 114 | 130 | 89.45 | 88.01 | 98.61 | 45.82 |
| Loans & advances | 56.35 | 47.02 | 38.98 | 34.73 | 23.45 | 9.52 | 5.04 |
| Total current assets | 255 | 204 | 190 | 152 | 141 | 117 | 50.90 |
| Total current liabilities | 152 | 146 | 110 | 57.18 | 50.97 | 54.64 | 7.10 |
| Net working capital | 103 | 57.80 | 79.50 | 95.10 | 90.03 | 62.39 | 43.80 |
| Total assets | 557 | 425 | 342 | 287 | 311 | 313 | 242 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 74.58 | 77.89 | 62.98 | 37.38 | 68.12 | 28.59 | 1.24 |
| Net cash from operating activities | (80.95) | (86.00) | (36.82) | (58.37) | (69.93) | 110 | (104) |
| Net cash from investing activities | (62.97) | (8.81) | (17.81) | 86.66 | 38.83 | (118) | 112 |
| Net cash from financing activities | 124 | 91.49 | 69.55 | (2.70) | 0.36 | 46.85 | (1.13) |
| Net change in cash | (19.51) | (3.31) | 14.92 | 25.60 | (30.75) | 39.54 | 6.86 |
| Closing cash | 143 | 114 | 130 | 89.45 | 88.01 | 98.61 | 45.82 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -5.6% | +55.3% | +78.9% | +6.3% | +105.4% | +79.7% | - |
| EBITDA growth | +249.0% | +79.6% | +47.5% | -414.0% | -158.1% | +89.7% | - |
| PBT growth | +9998.0% | +14.7% | +7.2% | -263.9% | -6.6% | +70.6% | +9997.0% |
| Net income growth | +97.6% | +5.4% | +4.9% | -197.3% | +14.2% | +71.1% | - |
| Revenue CAGR (3Y) | +37.9% | +43.5% | +57.5% | +57.7% | - | - | - |
| EBITDA CAGR (3Y) | - | -18.1% | +91.0% | +11.0% | - | - | - |
| Profitability & leverage | |||||||
| Net income margin | +0.1% | -5.4% | -12.7% | -25.9% | -7.4% | -14.8% | -87.8% |
| Return on capital employed | +5.3% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Return on net worth | +0.1% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Debt / equity | 0.50 | 0.25 | 0.10 | 0.00 | 0.00 | 0.00 | 0.00 |
| Long-term debt / equity | 0.41 | 0.23 | 0.08 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest cover | -413.46 | -114.86 | -23.67 | -5.33 | -9.16 | -8.72 | -1.23 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 2.03 | 2.12 | 1.45 | 0.95 | 0.85 | 0.65 | 1.43 |
| Inventory turnover | 37.09 | 48.59 | 36.57 | 33.01 | 75.41 | 110.07 | 0.00 |
| Debtors turnover | 7.97 | 12.15 | 10.36 | 4.64 | 6.02 | 12.63 | 701.25 |
| EPS (₹) | (0.04) | (1.43) | (1.76) | (1.87) | (0.63) | (0.74) | (2.78) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 29.23 | 29.09 | 27.54 | 28.89 | 30.35 | 30.53 | 28.07 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 29.19 | 26.06 | 25.62 | 26.50 | 25.29 | 23.34 | 20.12 | 16.94 |
| Revenue growth (YoY) | +15.4% | +11.7% | +27.3% | +56.4% | +57.8% | - | - | - |
| Other income | 0.62 | 3.88 | 8.27 | 1.19 | 1.12 | 1.04 | 0.73 | 0.10 |
| Total expenses | 23.94 | 23.82 | 28.26 | 22.23 | 22.68 | 24.16 | 20.72 | 16.84 |
| EBITDA | 5.25 | 2.24 | (2.64) | 4.27 | 2.61 | (0.82) | (0.60) | 0.10 |
| EBITDA margin | +18.1% | +8.7% | -10.3% | +16.2% | +10.4% | -3.5% | -3.0% | +0.6% |
| Depreciation | 0.22 | 0.23 | 0.24 | 0.24 | 0.25 | 0.15 | 0.35 | 0.28 |
| Interest | 4.83 | 4.35 | 4.17 | 3.47 | 2.88 | 2.40 | 2.67 | 2.03 |
| Profit before tax | 0.82 | 1.54 | 1.22 | 1.75 | 0.60 | (2.33) | (2.89) | (2.11) |
| Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 104 | 76.48 | 40.38 | 24.21 | 22.00 | 25.52 | 27.53 |
| Revenue growth | +35.3% | +89.4% | +66.8% | +10.1% | -13.8% | -7.3% | - |
| Other income | 14.43 | 1.90 | 1.36 | 2.10 | 2.39 | 0.48 | 0.09 |
| Total expenses | 96.99 | 78.59 | 46.49 | 32.15 | 27.75 | 29.39 | 47.19 |
| Employee cost | 17.60 | 22.41 | 20.92 | 17.45 | 17.79 | 15.12 | 17.67 |
| EBITDA | 6.51 | (2.11) | (6.11) | (7.94) | (5.75) | (3.87) | (19.66) |
| EBITDA margin | +6.3% | -2.8% | -15.1% | -32.8% | -26.1% | -15.2% | -71.4% |
| Depreciation | 0.96 | 1.02 | 0.82 | 0.47 | 0.71 | 2.83 | 3.45 |
| Interest | 14.87 | 8.55 | 1.97 | 0.06 | 0.14 | 0.21 | 0.29 |
| Profit before tax | 5.11 | (9.78) | (7.54) | (6.37) | (4.21) | (6.43) | (23.31) |
| Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net profit | 5.11 | (9.78) | (7.54) | (6.37) | (4.21) | (6.43) | (23.31) |
| Net profit margin | +4.9% | -12.8% | -18.7% | -26.3% | -19.1% | -25.2% | -84.7% |
| EPS (₹) | 0.46 | (0.88) | (0.79) | (0.68) | (0.45) | (0.69) | (2.71) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 111 | 111 | 95.14 | 94.34 | 94.21 | 93.50 | 85.99 |
| Reserves & surplus | 249 | 242 | 191 | 193 | 195 | 193 | 156 |
| Shareholders' funds (net worth) | 361 | 353 | 305 | 287 | 289 | 287 | 242 |
| Secured loans | 125 | 89.15 | 44.98 | 0.00 | 0.00 | 0.00 | 0.00 |
| Unsecured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total debt | 125 | 89.15 | 44.98 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total liabilities | - | - | 350 | 287 | 289 | 287 | 242 |
| Assets | |||||||
| Gross block | 10.69 | 11.21 | 11.85 | 8.55 | 8.61 | 9.25 | 10.44 |
| Net block | 1.94 | 2.67 | 3.59 | 0.53 | 0.75 | 1.64 | 4.39 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.03 |
| Investments | 170 | 159 | 147 | 151 | 205 | 193 | 67.49 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sundry debtors | 0.78 | 1.82 | 0.39 | 0.31 | 0.21 | 0.21 | 0.00 |
| Cash & bank balances | 37.38 | 73.44 | 64.23 | 56.31 | 24.62 | 76.63 | 45.52 |
| Loans & advances | 17.11 | 18.87 | 19.22 | 15.16 | 7.52 | 5.36 | 4.92 |
| Total current assets | 55.27 | 94.13 | 83.84 | 71.78 | 32.35 | 82.20 | 50.44 |
| Total current liabilities | 49.75 | 35.10 | 22.94 | 9.67 | 7.64 | 36.17 | 6.53 |
| Net working capital | 5.52 | 59.03 | 60.90 | 62.11 | 24.71 | 46.03 | 43.91 |
| Total assets | 485 | 442 | 350 | 287 | 289 | 287 | 242 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 63.05 | 53.71 | 55.77 | 24.42 | 46.14 | 7.80 | 1.19 |
| Net cash from operating activities | (62.41) | (79.64) | (65.40) | (30.60) | (52.72) | 103 | (103) |
| Net cash from investing activities | (24.22) | (8.86) | (3.19) | 62.50 | 30.81 | (112) | 110 |
| Net cash from financing activities | 35.56 | 97.85 | 66.53 | (0.54) | 0.18 | 46.89 | (0.76) |
| Net change in cash | (51.07) | 9.34 | (2.06) | 31.35 | (21.72) | 38.34 | 6.61 |
| Closing cash | 37.38 | 73.44 | 64.23 | 56.31 | 24.62 | 76.63 | 45.52 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +35.3% | +89.4% | +66.8% | +10.1% | -13.8% | -7.3% | - |
| EBITDA growth | +408.5% | +65.5% | +23.1% | -38.1% | -48.6% | +80.3% | - |
| PBT growth | +9998.0% | -29.7% | -18.4% | -51.3% | +34.5% | +72.4% | -185.0% |
| Net income growth | +152.3% | -29.7% | -18.4% | -51.3% | +34.5% | +72.4% | - |
| Revenue CAGR (3Y) | +62.3% | +51.5% | +16.5% | -4.2% | -1.2% | +27.8% | +468.3% |
| EBITDA CAGR (3Y) | - | -28.4% | +16.4% | -26.1% | +5.3% | +21.8% | +60.4% |
| Profitability & leverage | |||||||
| Net income margin | +4.9% | -12.8% | -18.7% | -26.3% | -19.1% | -25.2% | -84.7% |
| Return on capital employed | +4.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Return on net worth | +1.3% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Debt / equity | 0.30 | 0.20 | 0.08 | 0.00 | 0.00 | 0.00 | 0.00 |
| Long-term debt / equity | 0.28 | 0.20 | 0.08 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest cover | 267.93 | -273.16 | -28.43 | -0.71 | -2.17 | -3.13 | -1.25 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 10.77 | 6.80 | 4.09 | 3.07 | 2.73 | 2.64 | 2.65 |
| Inventory turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debtors turnover | 90.72 | 70.93 | 119.26 | 101.19 | 116.14 | 247.62 | 0.00 |
| EPS (₹) | 0.46 | (0.88) | (0.79) | (0.68) | (0.45) | (0.69) | (2.71) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 32.41 | 31.79 | 30.05 | 30.44 | 30.65 | 30.65 | 28.15 |
To see the full year-wise statements and ratios of Niyogin Fintech Limited, buy the company report.
Board of directors of Niyogin Fintech Limited
Niyogin Fintech has 8 current directors and 27 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Samir Mohan Pandiri Also directs: Iserveu Technology Private Limited | Director | 27 Sep 2024 | 2 Years 1 Months | Current |
| Amit Rajpal Also directs: Niyogin Finserv Limited, Iserveu Technology Private Limited | Director | 05 Dec 2016 | 9 Years 11 Months | Current |
| Kapil Kapoor | Director | 05 Dec 2016 | 9 Years 11 Months | Current |
| Gaurav Makarand Patankar Also directs: Shriram Asset Management Company Limited, Niyogin Finserv Limited | Director | 10 Nov 2020 | 6 Years 0 Months | Current |
| Tashwinder Harjap Singh Also directs: Niyogin Finserv Limited, Standard Industries Limited, NRB Bearings Limited (Full Fledged Public Co) and 5 more | Managing Director | 02 Feb 2022 | 4 Years 9 Months | Current |
| Nitin Jaiswal | Director | 09 Aug 2025 | 1 Years 3 Months | Current |
Peer comparison
Niyogin Fintech Limited is compared with the 7 companies closest to it by revenue in the BFSI industry (Fintech, Large NBFC, Mid Sized Non Deposit NBFC), with the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| A. K. Capital Finance Limited | ₹313.89 Cr (FY 2024) | 25.0% | Mumbai, Maharashtra, India | |||
| Asimit Finvest Private Limited | ₹312.26 Cr (FY 2025) | -59.0% | New Delhi, Delhi, India | |||
| Tata Investment Corporation Limited | ₹310.75 Cr (FY 2018) | 15.0% | Mumbai, Maharashtra, India | |||
| Radiant Equity Management Pvt Ltd | ₹310.01 Cr (FY 2025) | 2.0% | Bangalore, Karnataka, India | |||
| Certus Capital Private Limited | ₹308.46 Cr (FY 2025) | 234.0% | Mumbai, Maharashtra, India | |||
| Premier Ferro Alloys & Securities Limited | ₹307.73 Cr (FY 2019) | 2673.0% | Kolkata, West Bengal, India | |||
| Subhadra Investments Private Limited | ₹305.12 Cr (FY 2025) | -44.0% | Hyderabad, Telangana, India | |||
| Niyogin Fintech Limitedthis company | ₹287.27 Cr (FY 2026) | -₹39 Lakh | -0.1% | -5.6% | 70 | Chennai, Tamil Nadu, India |
To see the full peer comparison of Niyogin Fintech Limited, buy the company report.
Auditor
Niyogin Fintech Limited is audited by B S R & Co. LLP for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B S R & Co. LLP | FY 2019 | 101248W/W100022 |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 39.50%, foreign institutional investors hold 19.50%, domestic institutional investors hold 2.10% and retail and other public shareholders hold 38.90%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 39.50% | 39.10% | 38.90% | 38.70% |
| Public | 60.50% | 60.90% | 61.10% | 61.30% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Mar 2026 | 101269655 | Others | ₹13.5 Cr | Open | |
| 16 Mar 2026 | 101273355 | Others | ₹25 Cr | Open | |
| 05 Jan 2026 | 101224672 | Others | ₹5 Cr | Open | |
| 30 Dec 2025 | 101221119 | Others | ₹15 Cr | Open | |
| 30 Dec 2025 | 101222603 | Others | ₹10 Cr | Open |
To see the full charge records of Niyogin Fintech Limited, buy the company report.
Total charge records: 26 View all charges
Deals & funding
Niyogin Fintech Limited has 61 deals on record (59 market trades, 1 funding round, 1 acquisition), with disclosed funding of ₹235 Cr; the latest was in March 2026.
Deals on record (5 of 61)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2024 | Market trade | ₹7.38 Cr | Buyer: Think India Opportunities Master Fund Lp Seller: Alchemy Capital Management Private Limited |
| Aug 2023 | Market trade | ₹8.72 Cr | Buyer: Mansi Share and Stock Broking Private Limited , Multiplier Share and Stock Advisors Private Limited Seller: Multiplier Share and Stock Advisors Private Limited , Mansi Share and Stock Broking Private Limited |
| Aug 2023 | Market trade | ₹78.77 Cr | Buyer: Think India Opportunities Master Fund Lp, Multiplier Share and Stock Advisors Private Limited , Mansi Share and Stock Broking Private Limited , an individual Seller: Wf Asian Reconnaissance Fund Limited, an individual |
| Jan 2017 | Market trade | ₹13.7 Lakh | Buyer: an individual Seller: NBN Fintrade Private Limited |
| Jan 2017 | Market trade | ₹16.6 Lakh | Buyer: 2 individuals Seller: Arcadia Share and Stock Brokers Private Limited |
To see the full deal history of Niyogin Fintech Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Niyogin Fintech Limited has 612 court cases on record: 593 filed by Niyogin Fintech, 19 filed against it. 344 cases are pending and 268 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 605 | 14 | 344 |
| High courts | 4 | 3 | 0 |
| NCLT | 3 | 2 | 0 |
Cases on record (5 of 612)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, TAMIL NADU | Original application | Filed against the company by Nineroot Technologies Private Limited | Disposed |
| NCLT, Chennai | Court case (C.P.(CAA)) | Filed against the company by Information Interface India Privatelimited | Disposed |
| NCLT, Chennai | Court case (C.A.(CAA)) | Filed against the company by Information Interface India Pvt Ltd | Disposed |
| District court, Medchal Malkajgiri, Telangana | Civil suit | Filed against the company by an individual | Pending |
| District court, Medchal Malkajgiri, Telangana | Civil suit | Filed against the company | Pending |
To see the full case history of Niyogin Fintech Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
Niyogin Fintech Limited has 11 MSME Form 1 returns on record between 2019 and 2024, listing 67 overdue payments to 25 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 (5 of 25)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Karza Technologies Private Limited | |||
| Nineroot Technologies Private Limited | |||
| an individual supplier | |||
| an individual supplier | |||
| Iserveu Technology Private Limited |
To see the full MSME payment records of Niyogin Fintech Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Niyogin Fintech has 3 subsidiary companies. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Iserveu Technology Private Limited | U72900OR2016PTC025851 | |
| Moneymap Investment Advisors Private Limited | U74900MH2015PTC270286 | |
| Investdirect Capital Services Private Limited | U74999MH2015PTC266834 |
To see the full group structure of Niyogin Fintech Limited, buy the company report.
Employees & EPFO
Niyogin Fintech Limited has a workforce of 70 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 70 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 |
To see the full employee and EPFO history of Niyogin Fintech Limited, buy the company report.
GST
Niyogin Fintech has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAACT6999G1ZY | Tamil Nadu | Active | 09 Jul 2019 |
| 27AAACT6999G1ZR | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Niyogin Fintech Limited, buy the company report.
Recent activity
Niyogin Fintech Limited has 59 board changes on record since 1994: 34 appointments and 25 cessations. The latest: Nitin Jaiswal was appointed as Director on 09 Aug 2025.
95 earlier events are in the company report.
News
Frequently asked questions
Niyogin Fintech is an active public limited company based in Chennai, Tamil Nadu, India. The company works in investment and credit nbfc, within the financial services industry. It was incorporated on 01 February 1988 (38+ years old) and is registered under CIN L65910TN1988PLC131102. Listed on BSE: 538772.
Niyogin Fintech reported revenue of ₹287.27 Cr for FY 2025-26 (down 5.6% YoY) based on consolidated financials.
Niyogin Fintech has 8 current directors:
- Tashwinder Harjap Singh - Managing Director
- Samir Mohan Pandiri - Director
- Amit Rajpal - Director
- Kapil Kapoor - Director
- Gaurav Makarand Patankar - Director
- Nitin Jaiswal - Director
- Sudip Vatsal Thakor - Director
- Katarina Racek - Director
The latest financial statements of Niyogin Fintech on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 17 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Niyogin Fintech is 33AAACT6999G1ZY, registered in Tamil Nadu. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 27AAACT6999G1ZR (Maharashtra).
The CIN (Corporate Identification Number) of Niyogin Fintech is L65910TN1988PLC131102. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Niyogin Fintech is a listed company as per MCA records. Its shares are listed on BSE (code: 538772).
Niyogin Fintech has 612 court cases on record: 593 filed by the company and 19 filed against it. 344 are pending. Most are in the district courts.
Niyogin Fintech was incorporated on 01 February 1988, making it 38+ years old. It is registered with the Registrar of Companies, Chennai.
Niyogin Fintech has 61 deals on record (59 market trades, 1 funding round, 1 acquisition), with disclosed funding of ₹235 Cr; the latest was in March 2026.
The peers of Niyogin Fintech by revenue are A. K. Capital Finance Limited, Asimit Finvest Private Limited, Tata Investment Corporation Limited, Radiant Equity Management Pvt Ltd, Certus Capital Private Limited and 2 more, all in the BFSI industry (Fintech, Large NBFC, Mid Sized Non Deposit NBFC), with the same principal business activity (other financial activities).
Nitin Jaiswal was appointed as Director on 09 Aug 2025. Subhasri Sriram ceased to be Director on 22 Jan 2025. Katarina Racek was appointed as Director on 12 Nov 2024. Niyogin Fintech has 59 board changes on record in total.

