About TMW Fintech Private Limited
Data last updated:
TMW Fintech Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Asia Special Opportunities. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the digital payment solutions segment of the financial services sector. It was incorporated on 30 July 2015.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U67190MH2015PTC267015. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹35 Cr and a paid-up capital of ₹34.89 Cr. It was formerly known as Tmw Financial Services Private Limited and The Mobilewallet Private Limited. It is led by directors including Vinay Vijay Kalantri (Managing Director) and Subhash Radheshyam Shukla.
Its last annual general meeting (AGM) was held on 26 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹11.75 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹11.71 Cr (net margin 99.6%) and EBITDA of ₹11.71 Cr (EBITDA margin 99.6%). Revenue has declined at a compounded annual rate (CAGR) of 1% over five years.
The company has about 43 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Tmw. Court records list 7 cases involving the company, including 2 filed by the company and 5 filed against it; 1 case is pending. The company has 8 deals on record (4 secondary share transfers, 3 funding rounds, 1 convertible or debt financing), with disclosed funding of ₹57.14 Cr; the latest was in March 2020.
The last known website on record is tmwpay.com.
Company details
Name history
TMW Fintech has undergone 7 name changes throughout its history. The current legal name is Tmw Fintech Private Limited.
| Company Name | Status |
|---|---|
| TMW Fintech Private Limited | Current |
| Tmw Financial Services Private Limited | Previous |
| The Mobilewallet Private Limited | Previous |
| Trump Fintech Private Limited | Previous |
| Trump Payment Solution Private Limited | Previous |
| Fintech Payment Technologies Private Limited | Previous |
| Fintech Payment Solutions Private Limited | Previous |
| Fintech Payment Services Private Limited | Previous |
Contact details
TMW Fintech Private Limited's registered office is in Mumbai, Maharashtra. Its website is tmwpay.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressTower – 3 3rd Floor Equinox Busi Off. Bandra Kurla Complex L.B.S. Marg, (W) India, Mumbai, Maharashtra, India – 400070
- IndustryFinancial Services, Digital Payment Solutions
To see the full contact details of TMW 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
TMW Fintech operates one associated brand: tmw. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| TMW is an app-based digital wallet providing secure payment solutions for individuals. | tmwpay.com |
Financials of TMW Fintech Private Limited
FY 2024 filings availableTMW Fintech Private Limited reported revenue of ₹11.75 Cr (up 248% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 248% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 1%. EBITDA rose 252% 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 | ₹11.71 Cr | ||||
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| Net Profit (PAT) | ₹11.71 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 99.6% | ||||
| Net Profit Margin | 99.6% | ||||
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To see the full financial statements and ratios of TMW Fintech Private Limited, buy the company report.
Board of directors of TMW Fintech Private Limited
TMW Fintech has 4 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Subhash Radheshyam Shukla | Additional Director | 17 Mar 2021 | 5 Years 7 Months | As last reported |
| Mahendra Uttam Kadam | Additional Director | 02 Aug 2021 | 5 Years 2 Months | As last reported |
| Vinay Vijay Kalantri Also directs: Pymnts Tech Solution Private Limited, Ivk Tech Private Limited | Managing Director | 30 Jul 2015 | 11 Years 2 Months | As last reported |
| Narottam Babulal Vyas Also directs: Ultra Green Gas Limited, Whitefin Capital Limited | Additional Director | 09 Mar 2020 | 6 Years 7 Months | As last reported |
Auditor
TMW Fintech Private Limited is audited by SAGAR KOKATE & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SAGAR KOKATE & CO. | FY 2023 | 144110W |
Shareholding
The shareholding of TMW Fintech Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of TMW Fintech Private Limited, buy the company report.
Deals & funding
TMW Fintech Private Limited has 8 deals on record (4 secondary share transfers, 3 funding rounds, 1 convertible or debt financing), with disclosed funding of ₹57.14 Cr; the latest was in March 2020.
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2019 | Funding round | ₹5.62 Cr | Investors: Imperial Consultants and Securities Limited |
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: Imperial Consultants and Securities Limited Seller: an individual |
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: Asia Special Opportunities Fund Private Limited Seller: Imperial Consultants and Securities Limited |
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: Imperial Consultants and Securities Limited Seller: Impact Retail Tech Fund Private Limited |
| Mar 2017 | Funding round | ₹24.27 Cr | Investors: Imperial Consultants and Securities Limited |
To see the full deal history of TMW 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
TMW Fintech Private Limited has 7 court cases on record: 2 filed by TMW Fintech, 5 filed against it. 1 case is pending and 6 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 4 | 1 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Mumbai | Insolvency matter | Filed against the company by The Federal Bank Limited | Disposed |
| District court, Mumbai Small Causes Court, Maharashtra | Court case (LC) | Filed against the company by Equinox Business Parks Private Limited | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Interim or miscellaneous application | Filed by the company against Early Choice Private Limited and 2 others | Disposed |
| District court, Lucknow, Uttar Pradesh | Court case (F.R.) | Filed against the company by an individual | Pending |
| District court, SURAT, Gujarat | Court case (CR RA) | Filed by the company against individuals | Disposed |
To see the full case history of TMW 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 TMW Fintech Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
TMW Fintech Private Limited has a workforce of 43 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
TMW 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 TMW Fintech Private Limited, buy the company report.
Recent activity
TMW Fintech Private Limited has 13 board changes on record since 2015: 4 appointments and 9 cessations. The latest: Mahendra Uttam Kadam was appointed as Additional Director on 02 Aug 2021.
4 earlier events are in the company report.
News
Frequently asked questions
TMW Fintech is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
TMW Fintech is a company under insolvency, formerly operating as a private limited company based in Mumbai, Maharashtra, India. The company works in digital payment solutions, within the financial services industry. It was incorporated on 30 July 2015 and is registered under CIN U67190MH2015PTC267015. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
TMW Fintech has 4 current directors:
- Vinay Vijay Kalantri - Managing Director
- Subhash Radheshyam Shukla - Additional Director
- Mahendra Uttam Kadam - Additional Director
- Narottam Babulal Vyas - Additional Director
The latest financial statements of TMW Fintech on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 26 September 2024. Year-wise statements from FY 2016 are in the company report.
The CIN (Corporate Identification Number) of TMW Fintech is U67190MH2015PTC267015. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
TMW Fintech has 7 court cases on record: 2 filed by the company and 5 filed against it. 1 is pending. Most are in the district courts.
TMW Fintech was incorporated on 30 July 2015. It is registered with the Registrar of Companies, Mumbai.
TMW Fintech has 8 deals on record (4 secondary share transfers, 3 funding rounds, 1 convertible or debt financing), with disclosed funding of ₹57.14 Cr; the latest was in March 2020.
Mahendra Uttam Kadam was appointed as Additional Director on 02 Aug 2021. Kushagra Mani Kant Vashistha ceased to be Additional Director on 18 Mar 2021. Subhash Radheshyam Shukla was appointed as Additional Director on 17 Mar 2021. TMW Fintech has 13 board changes on record in total.
TMW Fintech can be reached through the website tmwpay.com. Its registered office is in Mumbai, Maharashtra, India.