About Open Financial Technologies Private Limited
Data last updated: 27 February 2026
Open Financial Technologies Private Limited is a private limited company based in Bengaluru, Karnataka, India, recognised as a startup by DPIIT. It specialises in online financial services, a part of the broader internet and digital services sector. Incorporated on 19 May 2017, the company has been in operation for over 9 years.
Registered with ROC Bangalore under CIN U67200KA2017PTC166507.
Capital: an authorised share capital of ₹35 Lakh and a paid-up capital of ₹28.72 Lakh. It is led by directors including Mabel Annie Chacko and Anish Achuthan.
Last AGM: 08 September 2025. Financial statements filed for year ended 31 March 2025. Office: 3Rd Floor Tower 2 Rga Tech Park 18 Sarjapur Road Carmelaram Hadosiddapura Doddakannelli, Bengaluru, Karnataka, India – 560035.
As per the financials filed for FY 2025, the company reported a revenue of ₹58.14 Cr, a growth of 26% compared to the previous year.
The company has a workforce of approximately 373 employees as per the latest available data. Its group structure includes 4 subsidiaries and 1 joint venture.
The company is associated with 7 brands, including Finin, Zwitch, Open Financial Technologies, Openai, Open among others. As per MCA filings, the company has satisfied charges of ₹46.04 Cr 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 open.money.
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Registered Address3Rd Floor Tower 2 Rga Tech Park 18 Sarjapur Road Carmelaram Hadosiddapura Doddakannelli, Bengaluru, Karnataka, India – 560035
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IndustryInternet, Online Financial Services
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
CIN History of Open Financial Technologies Private Limited
Open Financial Technologies Private Limited has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U67200KA2017PTC166507, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U67200KA2017PTC166507 | Current |
| U67200KA2017PTC103102 | Previous |
| U67200KL2017PTC054626 | Previous |
Associated Brands with Open Financial Technologies Private Limited
Open Financial Technologies Private Limited operates multiple associated brands including Finin, Zwitch, and Open Financial Technologies. These brands represent Open Financial Technologies Private Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Digital bank for Individuals | finin.in | |
| API-enabled banking software suite is provided for financial institutions. | zwitch.io | |
| OpenAI is engaged in developing advanced artificial intelligence technologies. | openai.com | |
| A platform is operated for streamlining business payments and invoicing. | open.money | |
| Digital banking solutions are provided by BANKINGSTACK for financial institutions. | bankingstack.com | |
| Unsecured business loans are offered for business expansion needs. | opencapital.co.in | |
| GST return filing and reporting tool for tax professionals | open.accountant |
Business Activity of Open Financial Technologies Private Limited
Open Financial Technologies Private Limited is engaged in the principal business activity of information and communication, with detailed activities including computer programming, consultancy and related activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities | Locked |
Business activity turnover details for Open Financial Technologies Private Limited
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Open Financial Technologies Private Limited
Open Financial Technologies Private Limited is audited by S R Batliboi & Associates & LLP for the financial year 2024. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S R Batliboi & Associates & LLP | Locked | Locked | Locked |
Complete auditor history for Open Financial Technologies Private Limited
Appointment status, appointment dates, cessation dates, and historical auditor changes require an active report plan.
- Appointment status
- Appointment dates
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Board of Directors and KMP of Open Financial Technologies Private Limited
Open Financial Technologies Private Limited currently reports 5 directors and 1 key managerial person. 5 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
|
Mabel Annie Chacko
Also directs:
Dinero Innovations Private Limited, Opendigi Technologies Private Limited, Brail.Io Technologies Private Limited and 1 more
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Director | 22 Sep 2021 | 4 Years 10 Months | Current |
| Anish Achuthan | Director | 27 Aug 2018 | 7 Years 11 Months | Current |
| Ajeesh Achuthan | Director | 17 Oct 2017 | 8 Years 9 Months | Current |
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Bhaskar Majumdar
Also directs:
Unicorn India Ventures Advisors Llp, Unicorn India Ventures Services Llp, Orbitaid Aerospace Private Limited and 5 more
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Nominee Director | 20 Apr 2019 | 7 Years 3 Months | Current |
| Mohit Naresh Bhandari | Nominee Director | 04 Apr 2022 | 4 Years 4 Months | Current |
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Deena Jacob
Also directs:
Dinero Innovations Private Limited, Opendigi Technologies Private Limited, Brail.Io Technologies Private Limited and 1 more
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Cfo | 15 May 2018 | 8 Years 2 Months | Current |
Financials of Open Financial Technologies Private Limited FY 2025 filings available
Open Financial Technologies Private Limited reported revenue of ₹58.14 Cr (up 26.00% YoY) for FY 2025.
Ten-year financial statements for Open Financial Technologies Private Limited
Historical statement values and trend charts require an active report plan.
- Income statements
- Balance sheets
- Cash-flow statements
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Ownership and Shareholding of Open Financial Technologies Private Limited
Shareholding and ownership data for Open Financial Technologies Private Limited
Promoter, institutional, public, and beneficial ownership values require an active report plan.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Group Structure of Open Financial Technologies Private Limited
Open Financial Technologies Private Limited has 4 subsidiary companies and 1 joint venture. This group structure data is as of FY 2024. The corporate group structure reflects Open Financial Technologies Private Limited's business expansion strategy and organizational complexity.
| Company Name | CIN | Shares Held |
|---|---|---|
| Dinero Innovations Private Limited | U65990TG2019PTC132796 | Locked |
| Opendigi Technologies Private Limited | U72900KA2019PTC120532 | Locked |
| Brail.Lo Technologies Private Limited | U72900KA2021PTC154377 | Locked |
| Zwitch Technologies Private Limited | U74999KA2021PTC154381 | Locked |
Showing major subsidiaries. Total: 4.
Charges & Borrowings of Open Financial Technologies Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 21 Nov 2022 | Hdfc Bank Limited | ₹94.69 Lakh | Satisfied |
| 17 Nov 2021 | Hdfc Bank Limited | ₹1.09 Cr | Satisfied |
| 17 May 2021 | Others | ₹44 Cr | Satisfied |
Total charge records: 3 View all charges
Employees and EPFO Compliance at Open Financial Technologies Private Limited
Open Financial Technologies Private Limited has a workforce of 373 employees as of Jan 13, 2025.
Employee and EPFO history for Open Financial Technologies Private Limited
Monthly headcount, contribution history, establishment records, and filing compliance require an active report plan.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
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GST Compliance of Open Financial Technologies Private Limited
GST registrations and filing compliance for Open Financial Technologies Private Limited
State-wise registrations, return filing status, HSN and SAC details, and jurisdiction records require an active report plan.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
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Credit Ratings, Litigation & Regulatory Alerts for Open Financial Technologies Private Limited
Credit ratings, litigation, and regulatory alerts for Open Financial Technologies Private Limited
Agency ratings, court records, regulatory events, and entity-specific compliance alerts require an active report plan.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
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MSME Payment Delays by Open Financial Technologies Private Limited
MSME payment history for Open Financial Technologies Private Limited
Amounts outstanding to micro and small suppliers, delay reasons, and MSME-1 filing history require an active report plan.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
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Subsidiaries & Group Companies of Open Financial Technologies Private Limited
Corporate group structure for Open Financial Technologies Private Limited
Parent, subsidiary, associate, joint venture, and ownership records require an active report plan.
- Parent company
- Subsidiaries and ownership
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MCA Filings & Documents of Open Financial Technologies Private Limited
MCA filings and documents for Open Financial Technologies Private Limited
Official forms, annual returns, financial statements, charge filings, and document dates require an active report plan.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
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Recent Activity on Open Financial Technologies Private Limited
Recent News on Open Financial Technologies Private Limited
Frequently Asked Questions about Open Financial Technologies Private Limited
Open Financial Technologies Private Limited is an active private limited company in the internet sector based in Bengaluru, Karnataka, India. It was incorporated on 19 May 2017 (9+ years old) and is registered under CIN U67200KA2017PTC166507. The company has 373 employees.
Open Financial Technologies Private Limited reported revenue of ₹58.14 Cr for FY 2025 (up 26.00% YoY).
The current directors and KMP of Open Financial Technologies Private Limited are:
- Mabel Annie Chacko - Director
- Anish Achuthan - Director
- Ajeesh Achuthan - Director
- Bhaskar Majumdar - Nominee Director
- Mohit Naresh Bhandari - Nominee Director
- Deena Jacob - Cfo
The primary industry of Open Financial Technologies Private Limited is internet. The company specifically operates in online financial services. The company is currently active in this sector.
Yes, Open Financial Technologies Private Limited is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Open Financial Technologies Private Limited can be reached at the registered office: 3Rd Floor Tower 2 Rga Tech Park 18 Sarjapur Road Carmelaram Hadosiddapura Doddakannelli, Bengaluru, Karnataka, India – 560035, or through the website open.money.