Simplified Fintech Private Limited
About Simplified Fintech Private Limited
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Simplified Fintech Private Limited was a private limited company based in New Delhi, Delhi, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the consultancy services segment of the financial services sector. It was incorporated on 07 January 2010.
The company was registered with the Registrar of Companies (ROC), Delhi, under CIN U67190DL2010PTC197753. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹2 Cr and a paid-up capital of ₹31.46 Lakh. It was formerly known as Kentrus Capital Advisors Private Limited and Financial Technologies Private Limited. It was led by directors Gitanjali Gupta and Puneet Gupta.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office was at S – 260 2nd Floor Panchsheel Park, New Delhi, Delhi, India – 110017.
As per the financials filed for FY 2022, the company reported a revenue of ₹11,215, a decline of 24% compared to the previous year. For the same year it recorded a net loss of ₹8.67 Lakh and EBITDA of -₹7.44 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 81% over three years and 52% over five years.
The company was associated with 1 brand: SimpliLend. Court records list 156 cases involving the company, including 132 filed by the company and 24 filed against it; 94 cases are pending. The company has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹30 Lakh; the latest was in September 2017.
Company details
Name history
Simplified Fintech has undergone 2 name changes throughout its history. The company was previously known as Kentrus Capital Advisors Private Limited, and Financial Technologies Private Limited. The current legal name is Simplified Fintech Private Limited.
| Company Name | Status |
|---|---|
| Simplified Fintech Private Limited | Current |
| Kentrus Capital Advisors Private Limited | Previous |
| Financial Technologies Private Limited | Previous |
Contact details
Simplified Fintech Private Limited's registered office is in New Delhi, Delhi. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressS – 260 2nd Floor Panchsheel Park, New Delhi, Delhi, India – 110017
- IndustryFinancial Services, Consultancy, Advisory, Financial Brokerage
To see the full contact details of Simplified Fintech 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
Simplified Fintech operates one associated brand: SimpliLend. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Operates a peer-to-peer platform for personal loans. | simplilend.com |
Financials of Simplified Fintech Private Limited
FY 2022 filings availableSimplified Fintech Private Limited reported revenue of ₹11,215 (down 24% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 52% over five years, including a 24% fall in the latest year. EBITDA fell 17% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| EBITDA | -₹7.44 Lakh | ||||
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| Net Profit (PAT) | -₹8.67 Lakh | ||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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To see the full financial statements and ratios of Simplified Fintech Private Limited, buy the company report.
Board of directors of Simplified Fintech Private Limited
Simplified Fintech has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gitanjali Gupta Also directs: Kentrus Investment Advisors Private Limited | Director | 07 Jan 2010 | 16 Years 9 Months | As last reported |
| Puneet Gupta | Director | 06 Mar 2018 | 8 Years 7 Months | As last reported |
Auditor
Simplified Fintech Private Limited is audited by ARG & CO. LLP for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ARG & CO. LLP | FY 2017 | 010630N/N500036 |
Shareholding
The shareholding of Simplified Fintech Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Simplified Fintech Private Limited, buy the company report.
Deals & funding
Simplified Fintech Private Limited has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹30 Lakh; the latest was in September 2017.
Deals on record (1 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2017 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
To see the full deal history of Simplified Fintech 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
Simplified Fintech Private Limited has 156 court cases on record: 132 filed by Simplified Fintech, 24 filed against it. 94 cases are pending and 62 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 146 | 14 | 92 |
| High courts | 9 | 9 | 2 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 156)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Shahdara, Delhi | Criminal case | Filed against the company by M/S RTC Industries Pvt Ltd | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed by the company against RKDS Exports Private Limited and 1 other | Pending |
| District court, Chennai, Tamil Nadu | Civil suit | Filed against the company by Brivas Pvt Ltd,Rep by Its Director Sreeman Ganapathy | Disposed |
| Supreme Court | Court case (1412-Criminal Matters : Criminal T.P. Under Section 406 of the Cr.P.C.) | Filed against the company by RTC Industries Private Limited Prabha Garg, Authority Signatory of RTC Industries Pvt. Ltd. 43-A, Near Gurudwara Road, Dilshad Garden, North East Delhi ,North East * , Delhi and 1 other | Disposed |
| District court, Coimbatore, Tamil Nadu | Court case (IP) | Filed against the company by an individual | Pending |
To see the full case history of Simplified Fintech 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 Simplified Fintech Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Simplified Fintech has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Simplified Fintech Private Limited, buy the company report.
Recent activity
Simplified Fintech Private Limited has 5 board changes on record since 2010: 2 appointments and 3 cessations. The latest: Himadri Bhattacharya ceased to be Director on 18 Jul 2022.
Frequently asked questions
Simplified Fintech has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Simplified Fintech was a private limited company based in New Delhi, Delhi, India. The company worked in consultancy, within the financial services industry. It was incorporated on 07 January 2010 and is registered under CIN U67190DL2010PTC197753. The company has been struck off by the Registrar of Companies and is no longer operational.
Simplified Fintech had 2 directors:
- Gitanjali Gupta - Director
- Puneet Gupta - Director
The CIN (Corporate Identification Number) of Simplified Fintech is U67190DL2010PTC197753. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Simplified Fintech is at S – 260 2nd Floor Panchsheel Park, New Delhi, Delhi, India – 110017.
Simplified Fintech was incorporated on 07 January 2010. It is registered with the Registrar of Companies, Delhi.
The latest financial statements of Simplified Fintech on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
No. Simplified Fintech has 1 GST registration on record and it is cancelled or inactive.
Simplified Fintech operated in the financial services industry, in the consultancy segment. It worked in this industry before it was struck off.
Simplified Fintech has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹30 Lakh; the latest was in September 2017.
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