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Qfi Technologies Private Limited - internet in Bengaluru, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹39.62 Cr
▲ 277% YoY
Net loss · FY 2024
₹77.83 Cr
Net margin -196.4%
EBITDA · FY 2024
-₹74.45 Cr
EBITDA margin -187.9%
Authorised capital
₹1.06 Cr
Registered with MCA
Paid-up capital
₹55.51 Lakh
Issued & subscribed
Open charges
₹26 Cr
Satisfied ₹2 Cr
Company age
5 yrs
Est. 2021
Employees · EPFO
35
Provident fund records
About Qfi Technologies Private Limited
Data last updated:
Qfi Technologies Private Limited is a private limited company based in Bengaluru, Karnataka, India, recognised as a startup by DPIIT. It operates in the online financial services segment of the internet and digital services sector. It was incorporated on 15 March 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74999KA2021PTC145339. Its GSTIN is 29AAACQ7297C1Z5 (Karnataka).
The company has an authorised share capital of ₹1.06 Cr and a paid-up capital of ₹55.51 Lakh. It is led by directors Alok Kumar and Uma Kumar.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 17/1 Bharat Apartments 44/1 Fair Field Layout Race Course Road, Bengaluru, Karnataka, India – 560001.
As per the financials filed for FY 2024, the company reported a revenue of ₹39.62 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹77.83 Cr (net margin -196.4%) and EBITDA of -₹74.45 Cr (EBITDA margin -187.9%).
The company has about 35 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Niro. As per MCA filings, the company has open charges of ₹26 Cr and satisfied charges of ₹2 Cr on record. Court records list 3 cases involving the company, including 3 filed against it; 2 cases are pending. The company has 10 deals on record (6 funding rounds, 2 debt financings, 1 secondary share transfer), with disclosed funding of ₹159.24 Cr; the latest was in April 2024.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website niro.money.
Company details
CIN U74999KA2021PTC145339
Registration Number 145339
Incorporation Date 15 March 2021
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 29 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
Key People
Alok Kumar Director Uma Kumar Additional Director Recognitions & Rankings of Qfi Technologies
Contact details
Qfi Technologies Private Limited's registered office is in Bengaluru, Karnataka. Its website is niro.money. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address17/1 Bharat Apartments 44/1 Fair Field Layout Race Course Road, Bengaluru, Karnataka, India – 560001
- IndustryInternet, Online Financial Services
To see the full contact details of Qfi Technologies Private Limited, buy the company report.
Comprehensive company report
Qfi Technologies 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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Brands
Qfi Technologies operates one associated brand: Niro. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of a platform for lending as a service management | niro.money |
Business activity
The main business activity of Qfi Technologies 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 Qfi Technologies Private Limited, buy the company report.
Financials of Qfi Technologies Private Limited
FY 2025 filings availableQfi Technologies Private Limited reported revenue of ₹39.62 Cr (up 277% YoY) for FY 2024.
Revenue · FY 2024
₹39.62 Cr ▲ 277%
Net loss · FY 2024
₹77.83 Cr margin -196.4%
EBITDA · FY 2024
-₹74.45 Cr margin -187.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 277%
EBITDA CAGR growth
1 year
▼ 215%
Revenue rose 277% in the latest year. EBITDA fell 215% in the latest 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 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ||||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹74.45 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹77.83 Cr | |||
| 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -187.9% | |||
| Net Profit Margin | -196.4% | |||
| 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 | ||||
To see the full financial statements and ratios of Qfi Technologies Private Limited, buy the company report.
Board of directors of Qfi Technologies Private Limited
Qfi Technologies has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Alok Kumar Also directs: Uttar Pradesh Export Industries Limited, Bonita India Limited, Banaras House Private Limited and 3 more | Director | 24 Jun 2025 | 1 Years 4 Months | Current |
| Uma Kumar | Additional Director | 10 Mar 2026 | 0 Years 7 Months | Current |
Auditor
Qfi Technologies Private Limited is audited by S.R. Batliboi & Associates LLP for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.R. Batliboi & Associates LLP | FY 2024 | 101049W/E300004 |
Shareholding
The shareholding of Qfi Technologies Private Limited is on record for 2 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2022 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Qfi Technologies Private Limited, buy the company report.
Charges & borrowings
Open charges
₹26 Cr
Satisfied charges
₹2 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Sep 2023 | 100841179 | Others | ₹6 Cr | Open | |
| 26 Apr 2023 | 100724193 | Others | ₹20 Cr | Open | |
| 25 Oct 2021 | 100496857 | Others | ₹1.3 Cr | Satisfied | |
| 23 Aug 2021 | 100477703 | Others | ₹70 Lakh | Satisfied |
To see the full charge records of Qfi Technologies Private Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Qfi Technologies Private Limited has 10 deals on record (6 funding rounds, 2 debt financings, 1 secondary share transfer), with disclosed funding of ₹159.24 Cr; the latest was in April 2024.
Total deals
10
Funding rounds
6
Debt financings
2
Secondary share transfer
1
Rights issue
1
Disclosed funding
₹159.24 Cr
Deals on record (5 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2024 | Funding round · Pre-Series B | ₹37.24 Cr | Investors: Elevar Equity, Mitsui Sumitomo Marine Capital, Marui Group Company Limited |
| Sep 2023 | Debt financing | ₹6 Cr | Investors: Alteria Capital |
| May 2023 | Debt financing | ₹20 Cr | Investors: InnoVen Capital |
| Apr 2023 | Funding round · Series A | ₹48.5 Cr | Investors: Elevar Equity, GMO Venture Partners, Rebright Partners |
| Nov 2022 | Funding round · Bridge | ₹20 Cr | Investors: Elevar Equity |
To see the full deal history of Qfi Technologies Private 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
Qfi Technologies Private Limited has 3 court cases on record: 3 filed against it. 2 cases are pending and 1 is disposed.
Total cases
3
Filed against the company
3
Pending
2
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 3 | 2 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Hyderabad Central, Telangana | Civil suit | Filed against the company by an individual | Pending |
| District court, South Twenty Four Parganas, West Bengal | Civil suit | Filed against the company by an individual | Pending |
| District court, Coimbatore, Tamil Nadu | Court case (IP) | Filed against the company by an individual | Disposed |
To see the full case history of Qfi Technologies Private 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
No delayed payments to MSME suppliers are on our record for Qfi Technologies Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Qfi Technologies has 1 subsidiary company. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
1
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Adisaniro Technology Private Limited | U62099KA2021PTC155709 |
To see the full group structure of Qfi Technologies Private Limited, buy the company report.
Employees & EPFO
Qfi Technologies Private Limited has a workforce of 35 employees on its EPFO records as of Feb 10, 2026, across 1 active EPFO establishment.
Employee count
35
Active EPFO establishments
1
Employee growth
-72.87%
GST
Qfi Technologies has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACQ7297C1Z5 | Karnataka | Active | 06 Aug 2021 |
To see the full GST registrations and return filing status of Qfi Technologies Private Limited, buy the company report.
Recent activity
Qfi Technologies Private Limited has 6 board changes on record since 2022: 2 appointments and 4 cessations. The latest: Aditya Kumar ceased to be Director on 10 Mar 2026.
Ceased
Aditya Kumar ceased to be Director.
Appointed
Uma Kumar was appointed as Additional Director.
AGM
Qfi Technologies Private Limited last Annual general meeting of members was held on 29 Sep 2025 as per latest MCA records.
Appointed
Alok Kumar was appointed as Director.
Filing
Qfi Technologies Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Ceased
Mahesh Shivlingappa Payannavar ceased to be Additional Director.
Ceased
Jyotsna Krishnan ceased to be Nominee Director.
Charges
A charge with Others amounted to Rs. 6.00 Cr with Charge ID 100841179 was registered on 01 Sep 2023.
Charges
A charge with Others amounted to Rs. 20.00 Cr with Charge ID 100724193 was registered on 26 Apr 2023.
Charges
A charge registered on 25 Oct 2021 via Charge ID 100496857 with Others was fully satisfied on 28 Oct 2022.
Charges
A charge registered on 23 Aug 2021 via Charge ID 100477703 with Others was fully satisfied on 03 Sep 2022.
Ceased
Sankalp Mathur ceased to be Additional Director.
3 earlier events are in the company report.
News
Frequently asked questions
Qfi Technologies is an active private limited company based in Bengaluru, Karnataka, India. The company works in online financial services, within the internet industry. It was incorporated on 15 March 2021 (5+ years old) and is registered under CIN U74999KA2021PTC145339.
Qfi Technologies has 2 current directors:
- Alok Kumar - Director
- Uma Kumar - Additional Director
The latest financial statements of Qfi Technologies on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from FY 2021 are in the company report.
The GSTIN of Qfi Technologies is 29AAACQ7297C1Z5, registered in Karnataka.
The CIN (Corporate Identification Number) of Qfi Technologies is U74999KA2021PTC145339. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Qfi Technologies has 3 court cases on record: 3 filed against it. 2 are pending.
Qfi Technologies was incorporated on 15 March 2021, making it 5+ years old. It is registered with the Registrar of Companies, Bangalore.
Qfi Technologies has 10 deals on record (6 funding rounds, 2 debt financings, 1 secondary share transfer), with disclosed funding of ₹159.24 Cr; the latest was in April 2024.
Aditya Kumar ceased to be Director on 10 Mar 2026. Uma Kumar was appointed as Additional Director on 10 Mar 2026. Alok Kumar was appointed as Director on 24 Jun 2025. Qfi Technologies has 6 board changes on record in total.
Yes, Qfi Technologies is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
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