About Rise Finconnect Private Limited
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Rise Finconnect Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the business and IT consulting segment of the business process outsourcing sector. It was incorporated on 13 January 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74900KA2014PTC073033. Its GSTIN is 29AAGCR7607B1ZE (Karnataka).
The company has an authorised share capital of ₹30 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Suman Jain and Chidananda Prakash Yaragunti.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2024. The registered office is at S – 14 80 Feet Road Koramangala – 1st Block, Bangalore, Karnataka, India – 560034.
As per the financials filed for FY 2021, the company reported a revenue of ₹22.19 Lakh, a decline of 50% compared to the previous year. For the same year it recorded a net loss of ₹18.31 Lakh (net margin -82.5%) and EBITDA of -₹18.02 Lakh (EBITDA margin -81.2%). Revenue has declined at a compounded annual rate (CAGR) of 21% over three years and 8% over five years.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website risefinconnect.com.
Company details
Contact details
Rise Finconnect Private Limited's registered office is in Bangalore, Karnataka. Its website is risefinconnect.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressS – 14 80 Feet Road Koramangala – 1st Block, Bangalore, Karnataka, India – 560034
- IndustryBusiness Outsourcing, Business & IT Consulting
To see the full contact details of Rise Finconnect 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
Business activity
The main business activity of Rise Finconnect is professional, scientific and technical. In detail, this covers management consultancy activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M3 | Management consultancy activities |
To see the full business activity and turnover split of Rise Finconnect Private Limited, buy the company report.
Financials of Rise Finconnect Private Limited
FY 2024 filings availableRise Finconnect Private Limited reported revenue of ₹22.19 Lakh (down 50% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 8% over five years, including a 50% fall in the latest year. EBITDA fell 34% 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
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| Profit and Loss Statement | |||||
| Revenue from Operations | ₹22.19 Lakh | ||||
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| EBITDA | -₹18.02 Lakh | ||||
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| Net Profit (PAT) | -₹18.31 Lakh | ||||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
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| Profitability | |||||
| EBITDA Margin | -81.2% | ||||
| Net Profit Margin | -82.5% | ||||
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To see the full financial statements and ratios of Rise Finconnect Private Limited, buy the company report.
Board of directors of Rise Finconnect Private Limited
Rise Finconnect has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Suman Jain | Director | 13 Jan 2014 | 12 Years 9 Months | Current |
| Chidananda Prakash Yaragunti Also directs: Anemones Hospitality and Hotels Private Limited | Director | 15 Dec 2022 | 3 Years 10 Months | Current |
Auditor
Rise Finconnect Private Limited is audited by C L MUNDHRA & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| C L MUNDHRA & CO | FY 2021 | 330257E |
Shareholding
The shareholding of Rise Finconnect Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Rise Finconnect Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Rise Finconnect 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 Rise Finconnect Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Rise Finconnect has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAGCR7607B1ZE | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Rise Finconnect Private Limited, buy the company report.
Recent activity
Rise Finconnect Private Limited has 4 board changes on record since 2014: 2 appointments and 2 cessations. The latest: Chidananda Prakash Yaragunti ceased to be Additional Director on 29 Sep 2023.
Frequently asked questions
Rise Finconnect is an active private limited company based in Bangalore, Karnataka, India. The company works in business and IT consulting, within the business outsourcing industry. It was incorporated on 13 January 2014 (12+ years old) and is registered under CIN U74900KA2014PTC073033.
Rise Finconnect has 2 current directors:
- Suman Jain - Director
- Chidananda Prakash Yaragunti - Director
The latest financial statements of Rise Finconnect on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Rise Finconnect is 29AAGCR7607B1ZE, registered in Karnataka.
The CIN (Corporate Identification Number) of Rise Finconnect is U74900KA2014PTC073033. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Rise Finconnect was incorporated on 13 January 2014, making it 12+ years old. It is registered with the Registrar of Companies, Bangalore.
Chidananda Prakash Yaragunti ceased to be Additional Director on 29 Sep 2023. Chidananda Prakash Yaragunti was appointed as Director on 15 Dec 2022. Rahul Jain ceased to be Director on 15 Dec 2022. Rise Finconnect has 4 board changes on record in total.
Rise Finconnect can be reached through the website risefinconnect.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Rise Finconnect is at S – 14 80 Feet Road Koramangala – 1st Block, Bangalore, Karnataka, India – 560034.
Rise Finconnect operates in the business outsourcing industry, in the business and IT consulting segment.