Startup India Government of India
Ssba Innovations Limited - internet in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹14.69 Cr
▲ 30% YoY
Net loss · FY 2025
₹21.69 Cr
Net margin -147.7%
EBITDA · FY 2025
-₹21.23 Cr
EBITDA margin -144.6%
Authorised capital
₹20 Cr
Registered with MCA
Paid-up capital
₹16.87 Cr
Issued & subscribed
Company age
9 yrs
Est. 2017
Employees · EPFO
46
Provident fund records
Directors on board
4
As per MCA filings
About Ssba Innovations Limited
Data last updated:
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.
Ssba Innovations Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-MH-18-0216064). 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.
Company details
CIN U74999MH2017PLC298565
Registration Number 298565
Incorporation Date 14 August 2017
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification MSME
Udyam Registration UDYAM-MH-18-0216064
CIN history
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 |
Key People
Sujit Sudhakar Bangar Managing Director Atul Umakant Rege Whole-Time Director Rupesh Pachori Director Recognitions & Rankings of Ssba Innovations
MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-MH-18-0216064
Contact details
Ssba Innovations Limited's registered office is in Mumbai, Maharashtra. Its website is ssbainnovations.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address1309 Lodha Supremus Powai Saki Vihar Road Opp. Mtnl Office, Mumbai, Maharashtra, India – 400072
- IndustryInternet, Online Financial Services
To see the full contact details of Ssba Innovations Limited, buy the company report.
Comprehensive company report
Ssba Innovations Limited - one report that includes everything
- 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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Brands
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 |
Business activity
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 | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M2 | Accounting, book keeping and auditing activities, tax consultancy |
To see the full business activity and turnover split of Ssba Innovations Limited, buy the company report.
Financials of Ssba Innovations Limited
FY 2024 filings availableSsba Innovations Limited reported revenue of ₹14.69 Cr (up 30% YoY) for FY 2025.
Revenue · FY 2025
₹14.69 Cr ▲ 30%
Net loss · FY 2025
₹21.69 Cr margin -147.7%
EBITDA · FY 2025
-₹21.23 Cr margin -144.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 30%
3 years · compounded
▲ 95%
5 years · compounded
▲ 187%
EBITDA CAGR growth
1 year
▼ 13%
3 years · compounded
▼ 37%
5 years · compounded
▼ 119%
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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | -₹21.23 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹21.69 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| 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) | |||||
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To see the full financial statements and ratios of Ssba Innovations Limited, buy the company report.
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.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Atul Umakant Rege | Whole-Time Director | 14 Aug 2017 | 9 Years 2 Months | Current |
| Rupesh Pachori Also directs: Stratwise Global LLP, Paras Petrofils Limited | Director | 04 Nov 2024 | 2 Years 0 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 10 Months | Current |
| Sujit Sudhakar Bangar | Managing Director | 14 Aug 2017 | 9 Years 2 Months | Current |
Auditor
Ssba Innovations Limited is audited by V. A. Parikh &Associates LLP for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V. A. Parikh &Associates LLP | FY 2024 | 112787W/W100073 |
Shareholding
The shareholding of Ssba Innovations Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Ssba Innovations Limited, buy the company report.
Deals & funding
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.
Total deals
11
Funding rounds
9
Secondary share transfer
1
Rights issue
1
Disclosed funding
₹310.05 Cr
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 |
To see the full deal history of Ssba Innovations 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
No court or tribunal cases involving Ssba Innovations Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Ssba Innovations Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Ssba Innovations Limited has a workforce of 46 employees on its EPFO records as of Nov 23, 2024, across 1 active EPFO establishment.
Employee count
46
Active EPFO establishments
1
Employee growth
-9.8%
GST
Ssba Innovations has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAZCS0796D1ZQ | Maharashtra | Active | 16 Oct 2017 |
To see the full GST registrations and return filing status of Ssba Innovations Limited, buy the company report.
Recent activity
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.
Ceased
Priya Agarwal ceased to be Company Secretary.
Ceased
Shrenik Mahendra Doshi ceased to be CFO.
Appointed
Rupesh Pachori was appointed as Director.
AGM
Ssba Innovations Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Ssba Innovations Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Ceased
Sujit Sudhakar Bangar ceased to be Ceo(Kmp).
Ceased
Pankaj Singhania ceased to be Additional Director.
Ceased
Rasesh Vrajeshkumar Thakore ceased to be Additional Director.
Ceased
Siddharth Shah ceased to be Additional Director.
Ceased
Atul Umakant Rege ceased to be Director.
Ceased
Samir Jayaswal ceased to be Ceo(Kmp).
Ceased
Sanjay Sharadchandra Godbole ceased to be Director.
5 earlier events are in the company report.
Frequently asked questions
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 has 4 current directors:
- Sujit Sudhakar Bangar - Managing Director
- Atul Umakant Rege - Whole-Time Director
- Rupesh Pachori - Director
- Aparna Morale Arun - Director
The latest financial statements of Ssba Innovations on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2018 are in the company report.
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.
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.
Yes, Ssba Innovations is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Ssba Innovations is registered as an MSME under Udyam registration (number: UDYAM-MH-18-0216064).
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