About Shuhari Tech Ventures Private Limited
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Shuhari Tech Ventures Private Limited is a private limited company based in Bangalore, 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 16 March 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U93090KA2017PTC101406. Its GSTIN is 29AAYCS3387F1ZI (Karnataka).
The company has an authorised share capital of ₹11.73 Lakh and a paid-up capital of ₹2.64 Lakh. It is led by directors Rohit Sen and Nupur Gupta.
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 Bangalore, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹23.94 Cr, a decline of 53% compared to the previous year. For the same year it recorded a net loss of ₹9.9 Cr (net margin -41.4%) and EBITDA of -₹10.03 Cr (EBITDA margin -41.9%). Revenue has grown at a compounded annual rate (CAGR) of 46% over three years and 95% over five years.
The company has about 315 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: NIRA. As per MCA filings, the company has open charges of ₹2 Lakh on record. The company has 7 deals on record (5 funding rounds, 1 other deal, 1 rights issue), with disclosed funding of ₹50.07 Cr; the latest was in March 2022. Its 10 peer companies in the Ecommerce and Internet industry (Finance) are compared by revenue, 5 larger and 5 smaller; the largest is Man Finance Private Limited with revenue of ₹24.06 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website nirafinance.com.
- EmailLocked
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- Registered Address#709 1st Floor 7th Main, 80 Feet Road, Bangalore, Karnataka, India – 560038
- IndustryInternet, Online Financial Services
- 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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Business Activity of Shuhari Tech Ventures Private Limited
The main business activity of Shuhari Tech Ventures is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related 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
Verified entity values are shown only after access is granted.
Financials of Shuhari Tech Ventures Private Limited FY 2025 filings available
Shuhari Tech Ventures Private Limited reported revenue of ₹23.94 Cr (down 53% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Shuhari Tech Ventures Private Limited
Revenue fell 53% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 95%. EBITDA fell 76% 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 of Shuhari Tech Ventures Private Limited
| Metrics | FY 2024-25 | 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 | -₹10.03 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹9.9 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 | •••• | •••• | •••• | •••• | •••• |
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| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Shuhari Tech Ventures Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -41.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -41.4% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots 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 Shuhari Tech Ventures are in the company report.
Financial statements from FY 2017
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Shuhari Tech Ventures Private Limited
Shuhari Tech Ventures Private Limited is compared with the companies closest to it by revenue in the Ecommerce and Internet industry (Finance). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Man Finance Private Limited | ₹24.06 Cr (FY 2024) | •••• | •••• | 633.0% | •••• | Mumbai, Maharashtra, India |
| Wonderlend Hubs Private Limited | ₹24 Cr (FY 2024) | •••• | •••• | 447.0% | •••• | Mumbai, Maharashtra, India |
| Dpdzero Technologies Private Limited | ₹23.99 Cr (FY 2025) | •••• | •••• | 266.0% | •••• | Bangalore, Karnataka, India |
| Value Research India Private Limited | ₹23.96 Cr (FY 2025) | •••• | •••• | 2.0% | •••• | Delhi, India |
| Bazaari Global Finance Limited | ₹23.95 Cr (FY 2025) | •••• | •••• | 26.0% | •••• | Mumbai, Maharashtra, India |
| Shuhari Tech Ventures Private Limited this company | ₹23.94 Cr (FY 2025) | •••• | •••• | -53.0% | •••• | Bangalore, Karnataka, India |
| Mihika Financial Services Private Limited | ₹23.82 Cr (FY 2025) | •••• | •••• | 120.0% | •••• | Mumbai, Maharashtra, India |
| Shivpriya Tradingand Finance Co. Private Limited | ₹23.61 Cr (FY 2025) | •••• | •••• | -10.0% | •••• | New Delhi, Delhi, India |
| Senbonzakura Consultancy Private Limited | ₹23.61 Cr (FY 2025) | •••• | •••• | 8.0% | •••• | Saidulajab, Delhi, India |
| Rivergrow Finance Limited | ₹23.6 Cr (FY 2023) | •••• | •••• | 222.0% | •••• | Kolkata, West Bengal, India |
| Participation Finance and Holdings (India) Private Limited | ₹23.58 Cr (FY 2016) | •••• | •••• | 11.0% | •••• | Dehradun, Uttarakhand, India |
Peers are the five companies nearest above and the five nearest below Shuhari Tech Ventures by revenue in the Ecommerce and Internet industry (Finance), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Shuhari Tech Ventures Private Limited
Shuhari Tech Ventures Private Limited is audited by A K SARAWGI AND ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| A K SARAWGI AND ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Shuhari Tech Ventures Private Limited
Shuhari Tech Ventures has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rohit Sen Also directs: Logos Finance Private Limited | Director | 16 Mar 2017 | 9 Years 6 Months | Current |
| Nupur Gupta Also directs: Logos Finance Private Limited | Director | 16 Mar 2017 | 9 Years 6 Months | Current |
Ownership and Shareholding of Shuhari Tech Ventures Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Shuhari Tech Ventures Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 11 Mar 2025 | The Hongkong and Shanghai Banking Corporation Limited | ₹2 Lakh | Open |
Total charge records: 1 View all charges
Deals & Funding of Shuhari Tech Ventures Private Limited
Shuhari Tech Ventures Private Limited has 7 deals on record (5 funding rounds, 1 other deal, 1 rights issue), with disclosed funding of ₹50.07 Cr; the latest was in March 2022.
Deals on record (3 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2020 | Funding round · Seed | ₹14.92 Cr | Investors: The Nicolaus Pension Fund, 3 individuals |
| Jan 2020 | Funding round | ₹69.2 Lakh | Investors: Techstars |
| Aug 2019 | Rights issue | ₹13.9 Lakh | Investors: Techstars |
Full deal history
All 7 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Associated Brands with Shuhari Tech Ventures Private Limited
Shuhari Tech Ventures operates one associated brand: NIRA. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Consumers are connected to lenders for personal loans online. | nirafinance.com |
Employees and EPFO Compliance at Shuhari Tech Ventures Private Limited
Shuhari Tech Ventures Private Limited has a workforce of 315 employees as of Apr 09, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Group Structure of Shuhari Tech Ventures Private Limited
Shuhari Tech Ventures has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Logos Finance Private Limited | U65999KA2020PTC134105 | Locked |
Showing major subsidiaries. Total: 1.
News related to Shuhari Tech Ventures Private Limited
Recent Activity on Shuhari Tech Ventures Private Limited
Shuhari Tech Ventures Private Limited has 2 board changes on record since 2017: 2 appointments. The latest: Nupur Gupta was appointed as Director on 16 Mar 2017.
Credit Ratings, Litigation & Regulatory Alerts for Shuhari Tech Ventures Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Shuhari Tech Ventures Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Shuhari Tech Ventures Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Shuhari Tech Ventures Private Limited
Shuhari Tech Ventures has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAYCS3387F1ZI | Karnataka | Active | 12 Oct 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Shuhari Tech Ventures Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Shuhari Tech Ventures Private Limited
Shuhari Tech Ventures is an active private limited company based in Bangalore, Karnataka, India. The company works in online financial services, within the internet industry. It was incorporated on 16 March 2017 (9+ years old) and is registered under CIN U93090KA2017PTC101406.
Shuhari Tech Ventures reported revenue of ₹23.94 Cr for FY 2025 (down 53% YoY).
Shuhari Tech Ventures has 2 current directors:
- Rohit Sen - Director
- Nupur Gupta - Director
Shuhari Tech Ventures reported a net loss of ₹9.9 Cr (net margin -41.4%) and EBITDA of -₹10.03 Cr (EBITDA margin -41.9%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Shuhari Tech Ventures is 46% over three years and 95% over five years. In the latest year (FY 2025) revenue fell 53%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Shuhari Tech Ventures is 29AAYCS3387F1ZI, registered in Karnataka.
The CIN (Corporate Identification Number) of Shuhari Tech Ventures is U93090KA2017PTC101406. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Shuhari Tech Ventures was incorporated on 16 March 2017, making it 9+ years old. It is registered with the Registrar of Companies, Bangalore.
Shuhari Tech Ventures has 7 deals on record (5 funding rounds, 1 other deal, 1 rights issue), with disclosed funding of ₹50.07 Cr; the latest was in March 2022.
The peers of Shuhari Tech Ventures by revenue are Man Finance Private Limited, Wonderlend Hubs Private Limited, Dpdzero Technologies Private Limited, Value Research India Private Limited, Bazaari Global Finance Limited and 5 more, all in the Ecommerce and Internet industry (Finance).
Nupur Gupta was appointed as Director on 16 Mar 2017. Rohit Sen was appointed as Director on 16 Mar 2017.