About Refyne Finance Private Limited
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Refyne Finance Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 04 February 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65929KA2021PTC143815. Its GSTIN is 29AAKCR7754B1Z2 (Karnataka).
The company has an authorised share capital of ₹3.9 Cr and a paid-up capital of ₹3.4 Cr. It is led by directors including Naresh Vatwani and Chitresh Sharma.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Sector 2, Bangalore, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹2.32 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹11.79 Lakh (net margin 5.1%) and EBITDA of ₹1.4 Cr (EBITDA margin 60.3%). Revenue has grown at a compounded annual rate (CAGR) of 213% over three years.
The company is associated with 2 brands: Refyne Finance and Refyne. As per MCA filings, the company has open charges of ₹466.5 Cr on record. Court records list 1 case involving the company, including 1 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website refyne.co.in.
Company details
Contact details
Refyne Finance Private Limited's registered office is in Bangalore, Karnataka. Its website is refyne.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address#522 24th Main Road, Parangi Palya Sector 2, Bangalore, Karnataka, India – 560102
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of Refyne Finance 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
Refyne Finance operates two associated brands: Refyne Finance and Refyne. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides technology-based financial lending to underserved demographics in India. | refynefinance.com | |
| Provider of earned wage access and financial wellness solutions | refyne.co.in |
Financials of Refyne Finance Private Limited
FY 2025 filings availableRefyne Finance Private Limited reported revenue of ₹2.32 Cr (up 261% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 213% over three years, including 261% growth in the latest year. EBITDA rose 160% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹1.4 Cr | ||||
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| Net Profit (PAT) | ₹11.79 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 60.3% | ||||
| Net Profit Margin | 5.1% | ||||
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To see the full financial statements and ratios of Refyne Finance Private Limited, buy the company report.
Board of directors of Refyne Finance Private Limited
Refyne Finance has 4 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Naresh Vatwani | Director | 31 Aug 2022 | 4 Years 2 Months | Current |
| Chitresh Sharma | Director | 04 Feb 2021 | 5 Years 9 Months | Current |
| Deepak Mohan Ahuja | Director | 12 Sep 2022 | 4 Years 1 Months | Current |
| Apoorv Kumar | Director | 04 Feb 2021 | 5 Years 9 Months | Current |
Peer comparison
Refyne Finance Private Limited is compared with the 10 companies closest to it by revenue in the Ecommerce and Internet industry (Finance), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Rajput Leasing and Finance Limited | ₹2.33 Cr (FY 2025) | 14.0% | Khanna, Punjab, India | |||
| Kanchanmani Investments and Finance Private Limited | ₹2.33 Cr (FY 2025) | 41.0% | Noida, Uttar Pradesh, India | |||
| Escorts Kubota Finance Limited | ₹2.33 Cr (FY 2025) | Faridabad, Haryana, India | ||||
| DPG Finance Private Limited | ₹2.32 Cr (FY 2025) | -4.0% | New Delhi, Delhi, India | |||
| New Shriniwas Finance Private Limited | ₹2.32 Cr (FY 2024) | 108.0% | Nashik, Maharashtra, India | |||
| Refyne Finance Private Limitedthis company | ₹2.32 Cr (FY 2025) | ₹11.79 Lakh | 5.1% | 261.0% | Bangalore, Karnataka, India | |
| Ikashi Fintech Private Limited | ₹2.32 Cr (FY 2024) | 6.0% | Hyderabad, Telangana, India | |||
| Jai Mata Di Financial Solutions Private Limited | ₹2.32 Cr (FY 2024) | 29.0% | Patna, Bihar, India | |||
| Dugar Automobile Finance Private Limited | ₹2.32 Cr (FY 2025) | 20.0% | Chennai, Tamil Nadu, India | |||
| Blended Finance Private Limited | ₹2.31 Cr (FY 2025) | Mumbai, Maharashtra, India | ||||
| Navagunjara Finance Private Limited | ₹2.3 Cr (FY 2025) | 81.0% | Chandigarh, India |
To see the full peer comparison of Refyne Finance Private Limited, buy the company report.
Auditor
Refyne Finance Private Limited is audited by MOHINDRA AND ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MOHINDRA AND ASSOCIATES | FY 2023 | 001406N |
Shareholding
The shareholding of Refyne Finance Private Limited is on record for 2 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Refyne Finance Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 11 Dec 2025 | 101198729 | Others | ₹25 Cr | Open | |
| 27 Nov 2025 | 101197054 | Others | ₹10 Cr | Open | |
| 25 Nov 2025 | 101191831 | Others | ₹25 Cr | Open | |
| 24 Oct 2025 | 101176394 | Others | ₹35 Cr | Open | |
| 21 Oct 2025 | 101181194 | Others | ₹35 Cr | Open |
To see the full charge records of Refyne Finance Private Limited, buy the company report.
Total charge records: 15 View all charges
Legal cases
Refyne Finance Private Limited has 1 court case on record: 1 filed against it. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court for State of Telangana | Writ petition | Filed against the company | Disposed |
To see the full case history of Refyne Finance 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 Refyne Finance Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Refyne Finance Private Limited has 1 active EPFO establishment as of Apr 06, 2024.
GST
Refyne Finance has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAKCR7754B1Z2 | Karnataka | Active | 15 Feb 2021 |
To see the full GST registrations and return filing status of Refyne Finance Private Limited, buy the company report.
Recent activity
Refyne Finance Private Limited has 7 board changes on record since 2021: 4 appointments and 3 cessations. The latest: Deepak Mohan Ahuja ceased to be Additional Director on 12 Oct 2022.
14 earlier events are in the company report.
Frequently asked questions
Refyne Finance is an active private limited company based in Bangalore, Karnataka, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 04 February 2021 (5+ years old) and is registered under CIN U65929KA2021PTC143815.
Refyne Finance has 4 current directors:
- Naresh Vatwani - Director
- Chitresh Sharma - Director
- Deepak Mohan Ahuja - Director
- Apoorv Kumar - Director
The latest financial statements of Refyne Finance on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2021 are in the company report.
The GSTIN of Refyne Finance is 29AAKCR7754B1Z2, registered in Karnataka.
The CIN (Corporate Identification Number) of Refyne Finance is U65929KA2021PTC143815. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Refyne Finance has 1 court case on record: 1 filed against it.
Refyne Finance was incorporated on 04 February 2021, making it 5+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Refyne Finance by revenue are Rajput Leasing and Finance Limited, Kanchanmani Investments and Finance Private Limited, Escorts Kubota Finance Limited, DPG Finance Private Limited, New Shriniwas Finance Private Limited and 5 more, all in the Ecommerce and Internet industry (Finance).
Deepak Mohan Ahuja ceased to be Additional Director on 12 Oct 2022. Naresh Vatwani ceased to be Additional Director on 12 Oct 2022. Deepak Mohan Ahuja was appointed as Director on 12 Sep 2022. Refyne Finance has 7 board changes on record in total.
Refyne Finance can be reached through the website refyne.co.in. Its registered office is in Bangalore, Karnataka, India.
The registered office of Refyne Finance is at #522 24th Main Road, Parangi Palya Sector 2, Bangalore, Karnataka, India – 560102.
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