About Seynse Technologies Private Limited
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Seynse Technologies Private Limited is a private limited company based in Dona Paula, Goa, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the online financial services segment of the internet and digital services sector. It was incorporated on 28 May 2015.
The company is registered with the Registrar of Companies (ROC), Goa, under CIN U74999GA2015PTC007655. Its GSTIN is 30AANCA4971E1ZU (Goa).
The company has an authorised share capital of ₹30 Lakh and a paid-up capital of ₹3.03 Lakh. It was formerly known as Appryse Technologies Private Limited. It is led by directors including Dilipkumar Natvarlal Jagad (Irp/Rp/Liquidator) and Gourav Jaswal.
Its last annual general meeting (AGM) was held on 28 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at Villa No.4 House No. 22/296 Naroo Heights Opp Manipal Hospital, Dona Paula, Goa, India – 403004.
As per the financials filed for FY 2024, the company reported a revenue of ₹11.54 Cr, a decline of 38% compared to the previous year. For the same year it recorded a net loss of ₹1.4 Cr (net margin -12.1%) and EBITDA of -₹1.4 Cr (EBITDA margin -12.1%). Revenue has grown at a compounded annual rate (CAGR) of 409% over three years and 4% over five years.
The company has about 36 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Seynse and Loan Singh. Court records list 113 cases involving the company, including 113 filed by the company. The company has 6 deals on record (3 rights issues, 2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹28.2 Cr; the latest was in January 2021.
The last known website on record is seynse.com.
Company details
Contact details
Seynse Technologies Private Limited's registered office is in Dona Paula, Goa. Its website is seynse.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressVilla No.4 House No. 22/296 Naroo Heights Opp Manipal Hospital, Dona Paula, Goa, India – 403004
- IndustryInternet, Online Financial Services
To see the full contact details of Seynse Technologies 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
Seynse Technologies operates two associated brands: Seynse and Loan Singh. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Develops fintech solutions for alternative lending platforms. | seynse.com | |
| Unsecured consumer loans are offered through an online marketplace platform. | loansingh.com |
Business activity
The main business activity of Seynse 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 Seynse Technologies Private Limited, buy the company report.
Financials of Seynse Technologies Private Limited
FY 2022 filings availableSeynse Technologies Private Limited reported revenue of ₹11.54 Cr (down 38% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 38% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 4%. EBITDA rose 74% 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 | -₹1.4 Cr | ||||
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| Net Profit (PAT) | -₹1.4 Cr | ||||
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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 | -12.1% | ||||
| Net Profit Margin | -12.1% | ||||
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To see the full financial statements and ratios of Seynse Technologies Private Limited, buy the company report.
Board of directors of Seynse Technologies Private Limited
Seynse Technologies has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Hiten Ashokkumar Patel | Additional Director | 14 Feb 2023 | 3 Years 8 Months | As last reported |
| Dilipkumar Natvarlal Jagad Also directs: Excel Restructuring Advisory LLP | Irp/Rp/Liquidator | 14 Dec 2023 | 2 Years 10 Months | As last reported |
| Gourav Jaswal Also directs: Inner Heads Facilitation Services Private Limited | Director | 28 May 2015 | 11 Years 5 Months | As last reported |
Auditor
Seynse Technologies Private Limited is audited by RK PIKALE for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RK PIKALE | FY 2022 | FRN107019W |
Shareholding
The shareholding of Seynse Technologies Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
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| Others |
To see the full shareholding pattern of Seynse Technologies Private Limited, buy the company report.
Deals & funding
Seynse Technologies Private Limited has 6 deals on record (3 rights issues, 2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹28.2 Cr; the latest was in January 2021.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2021 | Secondary share transfer | Undisclosed | Seller: Nettle Infrastructure Investments Limited |
| Feb 2017 | Funding round | ₹25 Cr | Investors: Bharti Airtel Services Limited |
| Aug 2016 | Rights issue | ₹4.8 Cr | Investors: Epi Venture Partners LLP |
| Apr 2016 | Rights issue | ₹4.8 Cr | Investors: Epi Venture Partners LLP |
| Nov 2015 | Rights issue | ₹4.4 Cr | Investors: Epi Venture Partners LLP Seller: 3 individuals |
To see the full deal history of Seynse 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
Seynse Technologies Private Limited has 113 court cases on record: 113 filed by Seynse Technologies. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 113 | 0 | 0 |
Cases on record (5 of 113)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, North Goa, Goa | Criminal miscellaneous application | Filed by the company against an individual | Disposed |
| District court, North Goa, Goa | Criminal miscellaneous application | Filed by the company against an individual | Disposed |
| District court, North Goa, Goa | Criminal miscellaneous application | Filed by the company against an individual | Disposed |
| District court, North Goa, Goa | Criminal miscellaneous application | Filed by the company against an individual | Disposed |
| District court, North Goa, Goa | Criminal miscellaneous application | Filed by the company against an individual | Disposed |
To see the full case history of Seynse 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 Seynse Technologies Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Seynse Technologies has 1 associated company. This group structure data is as of FY 2022. The table lists each entity with its relationship and holding.
Employees & EPFO
Seynse Technologies Private Limited has a workforce of 36 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Seynse Technologies has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 30AANCA4971E1ZU | Goa | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Seynse Technologies Private Limited, buy the company report.
Recent activity
Seynse Technologies Private Limited has 9 board changes on record since 2015: 3 appointments and 6 cessations. The latest: Dilipkumar Natvarlal Jagad was appointed as Irp/Rp/Liquidator on 14 Dec 2023.
News
Frequently asked questions
Seynse Technologies is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Seynse Technologies is a company under liquidation, formerly operating as a private limited company based in Dona Paula, Goa, India. The company works in online financial services, within the internet industry. It was incorporated on 28 May 2015 and is registered under CIN U74999GA2015PTC007655. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Seynse Technologies has 3 current directors:
- Hiten Ashokkumar Patel - Additional Director
- Gourav Jaswal - Director
- Dilipkumar Natvarlal Jagad - Irp/Rp/Liquidator
The latest financial statements of Seynse Technologies on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 28 September 2022. Year-wise statements from FY 2016 are in the company report.
The CIN (Corporate Identification Number) of Seynse Technologies is U74999GA2015PTC007655. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Seynse Technologies has 113 court cases on record: 113 filed by the company.
Seynse Technologies was incorporated on 28 May 2015. It is registered with the Registrar of Companies, Goa.
Seynse Technologies has 6 deals on record (3 rights issues, 2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹28.2 Cr; the latest was in January 2021.
Dilipkumar Natvarlal Jagad was appointed as Irp/Rp/Liquidator on 14 Dec 2023. Hiten Ashokkumar Patel was appointed as Additional Director on 14 Feb 2023. Vikram Sud ceased to be Director on 14 Feb 2023. Seynse Technologies has 9 board changes on record in total.
Seynse Technologies can be reached through the website seynse.com. Its registered office is in Dona Paula, Goa, India.