Promore Fintech Private Limited
About Promore Fintech Private Limited
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Promore Fintech Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the online financial services segment of the internet and digital services sector. It was incorporated on 03 July 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U67120GJ2006PTC048603. Its GSTIN is 24AABCI5355G1ZR (Gujarat).
The company has an authorised share capital of ₹20 Lakh and a paid-up capital of ₹15 Lakh. It was formerly known as Infinity Fiscal Services Private Limited. It is led by directors Nisha Mahesh Sanghavi and Ketan Acharya.
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 Ahmedabad, Gujarat.
As per the financials filed for FY 2024, the company reported a revenue of ₹66.54 Lakh, a growth of 24% compared to the previous year. For the same year it recorded a net profit of ₹10.59 Lakh (net margin 15.9%) and EBITDA of ₹14.88 Lakh (EBITDA margin 22.4%). Revenue has grown at a compounded annual rate (CAGR) of 155% over three years.
The company is associated with 1 brand: Promore Fintech.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Promore Fintech Private Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address508 City Centre – 2 B/S Heer Party Plot, Nr Shukan Mall Cross Road Science City Road Sola, Ahmedabad, Gujarat, India – 380060
- IndustryInternet, Online Financial Services
To see the full contact details of Promore Fintech 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
Promore Fintech operates one associated brand: Promore Fintech. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides financial planning, asset allocation, mutual funds, and insurance services. | promorefintech.com |
Business activity
The main business activity of Promore Fintech is financial and insurance service. In detail, this covers fund management services.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K6 | Fund Management Services |
To see the full business activity and turnover split of Promore Fintech Private Limited, buy the company report.
Financials of Promore Fintech Private Limited
FY 2024 filings availablePromore Fintech Private Limited reported revenue of ₹66.54 Lakh (up 24% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 155% over three years, including 24% 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 | ₹14.88 Lakh | ||||
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| Net Profit (PAT) | ₹10.59 Lakh | ||||
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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 | 22.4% | ||||
| Net Profit Margin | 15.9% | ||||
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To see the full financial statements and ratios of Promore Fintech Private Limited, buy the company report.
Board of directors of Promore Fintech Private Limited
Promore Fintech has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nisha Mahesh Sanghavi | Additional Director | 01 Apr 2020 | 6 Years 7 Months | Current |
| Ketan Acharya Also directs: Promore Investment Managers LLP, Promore One LLP, Promore Ventures Private Limited and 4 more | Additional Director | 01 Apr 2020 | 6 Years 7 Months | Current |
Auditor
Promore Fintech Private Limited is audited by RAJNI SHAH & ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RAJNI SHAH & ASSOCIATES | FY 2017 | 108468W |
Shareholding
The shareholding of Promore Fintech Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Promore Fintech Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Promore Fintech 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 Promore Fintech Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Promore Fintech has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCI5355G1ZR | Gujarat | Active | 21 Feb 2022 |
To see the full GST registrations and return filing status of Promore Fintech Private Limited, buy the company report.
Recent activity
Promore Fintech Private Limited has 5 board changes on record since 2020: 2 appointments and 3 cessations. The latest: Girish Dev ceased to be Director on 16 Jan 2024.
Frequently asked questions
Promore Fintech is an active private limited company based in Ahmedabad, Gujarat, India. The company works in online financial services, within the internet industry. It was incorporated on 03 July 2006 (20+ years old) and is registered under CIN U67120GJ2006PTC048603.
Promore Fintech has 2 current directors:
- Nisha Mahesh Sanghavi - Additional Director
- Ketan Acharya - Additional Director
The latest financial statements of Promore Fintech 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 GSTIN of Promore Fintech is 24AABCI5355G1ZR, registered in Gujarat.
The CIN (Corporate Identification Number) of Promore Fintech is U67120GJ2006PTC048603. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Promore Fintech was incorporated on 03 July 2006, making it 20+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Girish Dev ceased to be Director on 16 Jan 2024. Archna Rajendra Acharya ceased to be Director on 02 Apr 2020. Rajendra Dalpatram Acharya ceased to be Director on 02 Apr 2020. Promore Fintech has 5 board changes on record in total.
The registered office of Promore Fintech is at 508 City Centre – 2 BS Heer Party Plot, Nr Shukan Mall Cross Road Science City Road Sola, Ahmedabad, Gujarat, India – 380060.
Promore Fintech operates in the internet industry, in the online financial services segment.
The compliance status of Promore Fintech is compliant as of 12 September 2026. The company is actively filing with the Registrar of Companies.
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