About Ssba Innovations Limited
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Ssba Innovations Limited is a public limited company based in Mumbai, Maharashtra, 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 14 August 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2017PLC298565. Its GSTIN is 27AAZCS0796D1ZQ (Maharashtra).
The company has an authorised share capital of ₹20 Cr and a paid-up capital of ₹16.87 Cr. It was formerly known as Ssba Innovations Private Limited. It is led by directors including Sujit Sudhakar Bangar (Managing Director) and Atul Umakant Rege (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 1309 Lodha Supremus Powai Saki Vihar Road Opp. Mtnl Office, Mumbai, Maharashtra, India – 400072.
As per the financials filed for FY 2025, the company reported a revenue of ₹14.69 Cr, a growth of 30% compared to the previous year. For the same year it recorded a net loss of ₹21.69 Cr (net margin -147.7%) and EBITDA of -₹21.23 Cr (EBITDA margin -144.6%). Revenue has grown at a compounded annual rate (CAGR) of 95% over three years and 187% over five years.
The company has about 46 employees on its provident fund (EPFO) records.
The company is associated with 3 brands: SSBA Innovations, Finbingo and TaxBuddy. The company has 11 deals on record (9 funding rounds, 1 secondary share transfer, 1 rights issue), with disclosed funding of ₹310.05 Cr; the latest was in April 2024. Its 10 peer companies in the Consumer Services industry (Finance, Professional Services) are compared by revenue, 5 larger and 5 smaller; the largest is India Bond Private Limited with revenue of ₹14.72 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 ssbainnovations.com.
- EmailLocked
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- Website
- Social Media
- Registered Address1309 Lodha Supremus Powai Saki Vihar Road Opp. Mtnl Office, Mumbai, Maharashtra, India – 400072
- 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
- One PDF report, delivered after checkout
Business Activity of Ssba Innovations Limited
The main business activity of Ssba Innovations is professional, scientific and technical. In detail, this covers accounting, book keeping and auditing activities, tax consultancy.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M2 | Accounting, book keeping and auditing activities, tax consultancy | 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 Ssba Innovations Limited FY 2024 filings available
Ssba Innovations Limited reported revenue of ₹14.69 Cr (up 30% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Ssba Innovations Limited
Revenue has grown at a compounded annual rate (CAGR) of 187% over five years, including 30% growth in the latest year. EBITDA fell 13% 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 Ssba Innovations 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 | •••• | •••• | •••• | •••• | •••• |
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| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹21.23 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹21.69 Cr | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
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| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Ssba Innovations Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -144.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -147.7% | •••• | •••• | •••• | •••• |
| 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 Ssba Innovations are in the company report.
Financial statements from FY 2018
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 Ssba Innovations Limited
Ssba Innovations Limited is compared with the companies closest to it by revenue in the Consumer Services industry (Finance, Professional Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| India Bond Private Limited | ₹14.72 Cr (FY 2025) | •••• | •••• | -6.0% | •••• | Mumbai, Maharashtra, India |
| Priyasha Meven Finance Limited | ₹14.71 Cr (FY 2025) | •••• | •••• | 2.0% | •••• | Mumbai, Maharashtra, India |
| Upriver Ecommerce Private Limited | ₹14.71 Cr (FY 2025) | •••• | •••• | -12.0% | •••• | Delhi, India |
| Sri Saicharan Enterprise Private Limited | ₹14.7 Cr (FY 2025) | •••• | •••• | 366.0% | •••• | Chennai, Tamil Nadu, India |
| Ditech Process Solutions Private Limited | ₹14.69 Cr (FY 2024) | •••• | •••• | 23.0% | •••• | Mumbai, Maharashtra, India |
| Ssba Innovations Limited this company | ₹14.69 Cr (FY 2025) | •••• | •••• | 30.0% | •••• | Mumbai, Maharashtra, India |
| Sabros Decor Systems Private Limited | ₹14.67 Cr (FY 2025) | •••• | •••• | -28.0% | •••• | Ernakulam, Kerala, India |
| Gelda Finance and Trading Private Limited | ₹14.65 Cr (FY 2025) | •••• | •••• | 43.0% | •••• | Mumbai, Maharashtra, India |
| Technoarete Research and Development Association | ₹14.65 Cr (FY 2025) | •••• | •••• | -4.0% | •••• | Chennai, Tamil Nadu, India |
| Taxcompaas Advisors Private Limited | ₹14.65 Cr (FY 2025) | •••• | •••• | 39.0% | •••• | Bangalore, Karnataka, India |
| Transmodal Services Private Limited | ₹14.65 Cr (FY 2025) | •••• | •••• | -37.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Ssba Innovations by revenue in the Consumer Services industry (Finance, Professional Services), 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 Ssba Innovations Limited
Ssba Innovations Limited is audited by V. A. Parikh &Associates LLP for the financial year 2024.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| V. A. Parikh &Associates LLP | 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 Ssba Innovations Limited
Ssba Innovations has 4 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Atul Umakant Rege | Whole-Time Director | 14 Aug 2017 | 9 Years 1 Months | Current |
| Rupesh Pachori Also directs: Stratwise Global LLP, Paras Petrofils Limited | Director | 04 Nov 2024 | 1 Years 11 Months | Current |
| Aparna Morale Arun Also directs: Melt 'N' Mellow Foods Private Limited, Krishival Foods Limited, Siddhivinayak Cashew Industries Private Limited and 4 more | Director | 02 Jan 2019 | 7 Years 9 Months | Current |
| Sujit Sudhakar Bangar | Managing Director | 14 Aug 2017 | 9 Years 1 Months | Current |
Ownership and Shareholding of Ssba Innovations 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 Ssba Innovations Limited
Ssba Innovations Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding of Ssba Innovations Limited
Ssba Innovations Limited has 11 deals on record (9 funding rounds, 1 secondary share transfer, 1 rights issue), with disclosed funding of ₹310.05 Cr; the latest was in April 2024.
Deals on record (5 of 11)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2024 | Funding round | ₹12.07 Cr | Investors: 4 individuals |
| Dec 2022 | Funding round | ₹24.7 Cr | Investors: Prismx Global Ventures Limited , 3 individuals |
| May 2022 | Funding round | ₹256.22 Cr | Investors: 4 individuals |
| Apr 2021 | Funding round | ₹7.55 Cr | Investors: 4 individuals |
| Jan 2020 | Funding round | ₹1.77 Cr | Investors: S.A. Trading & Investments Pvt Ltd , 2 individuals |
Full deal history
All 11 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 Ssba Innovations Limited
Ssba Innovations operates multiple associated brands including SSBA Innovations, Finbingo, and TaxBuddy. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides online platforms for tax filing, advisory, and financial planning services. | ssbainnovations.com | |
| AI-based robo advisor & financial advisory platform | finbingo.com | |
| Assisted and DIY online tax filing services are provided. | taxbuddy.com |
Employees and EPFO Compliance at Ssba Innovations Limited
Ssba Innovations Limited has a workforce of 46 employees as of Nov 23, 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.
CIN History of Ssba Innovations Limited
Ssba Innovations has one previous CIN (Corporate Identification Number): U74999MH2017PTC298565. The current CIN is U74999MH2017PLC298565, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74999MH2017PLC298565 | Current |
| U74999MH2017PTC298565 | Previous |
Recent Activity on Ssba Innovations Limited
Ssba Innovations Limited has 14 board changes on record since 2017: 4 appointments and 10 cessations. The latest: Priya Agarwal ceased to be Company Secretary on 01 Feb 2025.
5 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Ssba Innovations 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 Ssba Innovations 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 Ssba Innovations 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 Ssba Innovations Limited
Ssba Innovations has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAZCS0796D1ZQ | Maharashtra | Active | 16 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 Ssba Innovations 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 Ssba Innovations Limited
Ssba Innovations is an active public limited company based in Mumbai, Maharashtra, India. The company works in online financial services, within the internet industry. It was incorporated on 14 August 2017 (9+ years old) and is registered under CIN U74999MH2017PLC298565.
Ssba Innovations reported revenue of ₹14.69 Cr for FY 2025 (up 30% YoY).
Ssba Innovations has 4 current directors:
- Sujit Sudhakar Bangar - Managing Director
- Atul Umakant Rege - Whole-Time Director
- Rupesh Pachori - Director
- Aparna Morale Arun - Director
Ssba Innovations reported a net loss of ₹21.69 Cr (net margin -147.7%) and EBITDA of -₹21.23 Cr (EBITDA margin -144.6%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Ssba Innovations is 95% over three years and 187% over five years. In the latest year (FY 2025) revenue rose 30%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Ssba Innovations is 27AAZCS0796D1ZQ, registered in Maharashtra.
The CIN (Corporate Identification Number) of Ssba Innovations is U74999MH2017PLC298565. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ssba Innovations was incorporated on 14 August 2017, making it 9+ years old. It is registered with the Registrar of Companies, Mumbai.
Ssba Innovations has 11 deals on record (9 funding rounds, 1 secondary share transfer, 1 rights issue), with disclosed funding of ₹310.05 Cr; the latest was in April 2024.
The peers of Ssba Innovations by revenue are India Bond Private Limited, Priyasha Meven Finance Limited, Upriver Ecommerce Private Limited, Sri Saicharan Enterprise Private Limited, Ditech Process Solutions Private Limited and 5 more, all in the Consumer Services industry (Finance, Professional Services).
Priya Agarwal ceased to be Company Secretary on 01 Feb 2025. Shrenik Mahendra Doshi ceased to be CFO on 31 Dec 2024. Rupesh Pachori was appointed as Director on 04 Nov 2024. Ssba Innovations has 14 board changes on record in total.