MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-KR-03-0153357
NXG Financial Services Private Limited
NXG Financial Services Private Limited - information technology in Bengaluru, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹1.19 Cr
▲ 283% YoY
Net profit · FY 2024
₹13.22 Lakh
Net margin 11.1%
EBITDA · FY 2024
₹18.42 Lakh
EBITDA margin 15.5%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
15 yrs
Est. 2011
Directors on board
2
As per MCA filings
Last financials
Mar 2024
Balance sheet date
About NXG Financial Services Private Limited
Data last updated:
NXG Financial Services Private Limited is a private limited company based in Bengaluru, Karnataka, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 26 April 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74900KA2011PTC058319.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Suhas Shankarappa and Usha Harohalli Jagath Kumar.
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 Hd – 042 Wework Prestige Central 36 Infantry Road, Bengaluru, Karnataka, India – 560001.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.19 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹13.22 Lakh (net margin 11.1%) and EBITDA of ₹18.42 Lakh (EBITDA margin 15.5%). Revenue has grown at a compounded annual rate (CAGR) of 107% over three years and 44% over five years.
NXG Financial Services Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0153357). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U74900KA2011PTC058319
Registration Number 058319
Incorporation Date 26 April 2011
ROC Bangalore
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0153357
Recognitions & Rankings of NXG Financial Services
Contact details
NXG Financial Services Private Limited's registered office is in Bengaluru, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressHd – 042 Wework Prestige Central 36 Infantry Road, Bengaluru, Karnataka, India – 560001
- IndustryInformation Technology, Application Development & Software Solutions, IT Consulting & Support Services
To see the full contact details of NXG Financial Services Private Limited, buy the company report.
Comprehensive company report
NXG 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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Business activity
The main business activity of NXG Financial Services is information and communication. In detail, this covers other information & communication service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of NXG Financial Services Private Limited, buy the company report.
Financials of NXG Financial Services Private Limited
FY 2024 filings availableNXG Financial Services Private Limited reported revenue of ₹1.19 Cr (up 283% YoY) for FY 2024.
Revenue · FY 2024
₹1.19 Cr ▲ 283%
Net profit · FY 2024
₹13.22 Lakh margin 11.1%
EBITDA · FY 2024
₹18.42 Lakh margin 15.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 283%
3 years · compounded
▲ 107%
5 years · compounded
▲ 44%
EBITDA CAGR growth
1 year
▲ 242%
3 years · compounded
▲ 87%
5 years · compounded
▲ 48%
Revenue has grown at a compounded annual rate (CAGR) of 44% over five years, including 283% growth in the latest year. EBITDA rose 242% 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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| Total Expenses | |||||
| EBITDA | ₹18.42 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹13.22 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 15.5% | ||||
| Net Profit Margin | 11.1% | ||||
| 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 NXG Financial Services Private Limited, buy the company report.
Board of directors of NXG Financial Services Private Limited
NXG Financial Services has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Suhas Shankarappa | Director | 14 Nov 2016 | 9 Years 11 Months | Current |
| Usha Harohalli Jagath Kumar | Director | 14 Nov 2016 | 9 Years 11 Months | Current |
Peer comparison
NXG Financial Services Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (other information & communication service activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| First Call Tele Services Private Limited | ₹1.19 Cr (FY 2023) | 46.0% | Hyderabad, Telangana, India | |||
| Neotech Data Solutions Private Limited | ₹1.19 Cr (FY 2018) | -33.0% | Hyderabad, Telangana, India | |||
| Grawlix Software Private Limited | ₹1.19 Cr (FY 2024) | 68.0% | Akola, Maharashtra, India | |||
| Sanaatan Nano Tech Private Limited | ₹1.19 Cr (FY 2025) | 1600.0% | Jammu, Jammu and Kashmir, India | |||
| Zolnoi Innovations Private Limited | ₹1.19 Cr (FY 2025) | 4.0% | Bengaluru, Karnataka, India | |||
| NXG Financial Services Private Limitedthis company | ₹1.19 Cr (FY 2024) | ₹13.22 Lakh | 11.1% | 283.0% | Bengaluru, Karnataka, India | |
| Infrangle Systems Private Limited | ₹1.19 Cr (FY 2025) | 64.0% | Navi Mumbai, Maharashtra, India | |||
| Wavetech Infocom Private Limited | ₹1.19 Cr (FY 2024) | 4.0% | Delhi, India | |||
| Krolog Solutions Private Limited | ₹1.19 Cr (FY 2025) | 122.0% | Delhi, India | |||
| Techhighway Systems Private Limited | ₹1.19 Cr (FY 2025) | 51.0% | Nashik, Maharashtra, India | |||
| Aand Blockchain Solution Private Limited | ₹1.19 Cr (FY 2025) | 320.0% | Gurgaon, Haryana, India |
To see the full peer comparison of NXG Financial Services Private Limited, buy the company report.
Auditor
NXG Financial Services Private Limited is audited by TEJUS & RAVI KIRAN for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| TEJUS & RAVI KIRAN | FY 2021 | 013418S |
Shareholding
The shareholding of NXG Financial Services Private Limited is on record for 3 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of NXG Financial Services Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving NXG 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
No delayed payments to MSME suppliers are on our record for NXG Financial Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for NXG Financial Services Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
NXG Financial Services Private Limited has 7 board changes on record since 2011: 2 appointments and 5 cessations. The latest: Suhas Shankarappa ceased to be Additional Director on 30 Sep 2017.
AGM
Nxg Financial Services Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Nxg Financial Services Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Ceased
Suhas Shankarappa ceased to be Additional Director.
Ceased
Usha Harohalli Jagath Kumar ceased to be Additional Director.
Ceased
Devikiran Mudrabettu Subhaschandra ceased to be Director.
Ceased
Veerabhadrappa Manjunatha Nagendra ceased to be Director.
Appointed
Suhas Shankarappa was appointed as Director.
Appointed
Usha Harohalli Jagath Kumar was appointed as Director.
Ceased
Tejus Srivatsa Badravati ceased to be Director.
Incorporation
26 Apr 2011
Nxg Financial Services Private Limited was registered on 26 Apr 2011 with Roc Bangalore & aged 15 years 6 months as per MCA records.
Frequently asked questions
NXG Financial Services is an active private limited company based in Bengaluru, Karnataka, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 26 April 2011 (15+ years old) and is registered under CIN U74900KA2011PTC058319.
NXG Financial Services has 2 current directors:
- Suhas Shankarappa - Director
- Usha Harohalli Jagath Kumar - Director
The latest financial statements of NXG Financial Services 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 CIN (Corporate Identification Number) of NXG Financial Services is U74900KA2011PTC058319. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
NXG Financial Services was incorporated on 26 April 2011, making it 15+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of NXG Financial Services by revenue are First Call Tele Services Private Limited, Neotech Data Solutions Private Limited, Grawlix Software Private Limited, Sanaatan Nano Tech Private Limited, Zolnoi Innovations Private Limited and 5 more, all in the same principal business activity (other information & communication service activities).
Suhas Shankarappa ceased to be Additional Director on 30 Sep 2017. Usha Harohalli Jagath Kumar ceased to be Additional Director on 30 Sep 2017. Devikiran Mudrabettu Subhaschandra ceased to be Director on 05 Dec 2016. NXG Financial Services has 7 board changes on record in total.
Yes, NXG Financial Services is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-03-0153357).
The registered office of NXG Financial Services is at Hd – 042 Wework Prestige Central 36 Infantry Road, Bengaluru, Karnataka, India – 560001.
NXG Financial Services operates in the information technology industry, in the application development and software solutions segment.
The compliance status of NXG Financial Services is compliant as of 23 August 2026. The company is actively filing with the Registrar of Companies.
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