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.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressS – 14 80 Feet Road Koramangala – 1st Block, Bangalore, Karnataka, India – 560034
- IndustryBusiness Outsourcing, Business & IT Consulting
- 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
- One PDF report, delivered after checkout
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 | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M3 | Management consultancy activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
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 2016-17 to FY 2019-20in the company report |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ₹22.19 Lakh | |
| Other Income | •••• | |
| Total Revenue | •••• | |
| Cost of Materials Consumed | •••• | |
| Employee Benefit Expense | •••• | |
| Finance Costs | •••• | |
| Depreciation and Amortisation | •••• | |
| Other Expenses | •••• | |
| Total Expenses | •••• | |
| EBITDA | -₹18.02 Lakh | |
| Profit Before Tax | •••• | |
| Tax Expense | •••• | |
| Net Profit (PAT) | -₹18.31 Lakh | |
| 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 2020-21 | FY 2016-17 to FY 2019-20in the company report |
|---|---|---|
| Profitability | ||
| EBITDA Margin | -81.2% | |
| Net Profit Margin | -82.5% | |
| 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 | •••• | |
Paid data: the figures shown as dots, and every line for FY 2016-17 to FY 2019-20, are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Rise Finconnect are in the company report.
: available in 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 Details
Rise Finconnect Private Limited is audited by C L MUNDHRA & CO for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| C L MUNDHRA & CO | Locked | Locked | Locked |
: available in the company report
Ownership and Shareholding
: available in the company report
Charges & Borrowings
Rise Finconnect Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance
Employment history and EPFO contributions of people linked to Rise Finconnect.
: available in 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.
Credit Ratings, Litigation & Regulatory Alerts
: available in the company report
MSME Payment Delays
: available in the company report
Subsidiaries & Group Companies
: available in the company report
GST Compliance
Rise Finconnect has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAGCR7607B1ZE | Karnataka | Active | 01 Jul 2017 |
: available in the company report
MCA Filings & Documents
: available in the company report
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.