About Veefin Solutions Limited
Data last updated: 27 January 2026
Veefin Solutions Limited is a public limited company based in Mumbai, Maharashtra, India, recognised as a startup by DPIIT. It specialises in publishing, a part of the broader printing and publishing sector. Incorporated on 14 October 2020, the company has been in operation for over 6 years.
Registered with ROC Mumbai under CIN L72900MH2020PLC347893. Listed.
Capital: an authorised share capital of ₹30 Cr and a paid-up capital of ₹25.54 Cr. It is led by directors including Afzal Mohammed Modak and Gautam Vijay Udani.
Last AGM: 26 September 2025. Financial statements filed for year ended 31 March 2025. Office: Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹80.44 Cr, reflecting significant growth compared to the previous year.
The company has a workforce of approximately 124 employees as per the latest available data. Its group structure includes 3 subsidiaries.
The company is associated with 1 brand - Veefin. As per MCA filings, the company has open charges of ₹120 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website veefin.com.
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Email*****@*****.com
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Telephone+91-****-******
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Website
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Social Media
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Registered AddressGlobal One 2Nd Floor Office 1 Cts No 252 1, Opp Sbi Lbs Marg Kurla(W), Mumbai, Maharashtra, India – 400070
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IndustryPrinting & Publishing, Publishing, Software, Application Software, System Software, Games
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
CIN History of Veefin Solutions Limited
Veefin Solutions Limited has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L72900MH2020PLC347893, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L72900MH2020PLC347893 | Current |
| U72900MH2020PLC347893 | Previous |
| U72900MH2020PTC347893 | Previous |
Associated Brands with Veefin Solutions Limited
Veefin Solutions Limited operates one associated brand: Veefin. These brands represent Veefin Solutions Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| SaaS-based supply chain financing solutions are delivered globally. | veefin.com |
Competitors & Alternatives of Veefin Solutions Limited
Brands and companies operating in the same space as Veefin Solutions Limited include CredAble, CreditNirvana, Vayana and 4 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
CredAble
|
Provider of working capital and supply chain finance solutions for businesses | Mumbai, India, India | 2017 |
CreditNirvana
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AI/ML-driven debt management platform is offered for financial institutions. | Bengaluru, India, India | 2018 |
Vayana
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Platform for trade credit and supply chain finance is provided. | Pune, India, India | 2009 |
FinBox
|
Developer of digital credit infrastructure and risk intelligence suite | Bengaluru, India, India | 2015 |
Binocs
|
Gen AI powered document analyzer and loan monitoring system | Bengaluru, India, India | 2022 |
Linedata
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Software, data, analytics, and services are provided to financial institutions. | - | 1998 |
OPL
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White label solutions for financial institutions | Ahmedabad, India, India | 2015 |
Business Activity of Veefin Solutions Limited
Veefin Solutions Limited is engaged in the principal business activity of information and communication, with detailed activities including publishing of computer operating systems, system software, application software, games, etc..
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J2 | Publishing of computer operating systems, system software, application software, games, etc. | ********* |
Auditor Details of Veefin Solutions Limited
Veefin Solutions Limited is audited by A D V & Associates (ICAI peer reviewed, certificate valid till 2028-02-29) for the financial year 2026, as reported in its BSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.
| Name | Financial year | Audit opinion |
|---|---|---|
| A D V & Associates (ICAI peer reviewed, certificate valid till 2028-02-29) | FY 2026 | Declaration of unmodified opinion |
Board of Directors of Veefin Solutions Limited
Veefin Solutions Limited is currently managed by 12 directors, with 11 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
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Afzal Mohammed Modak
Also directs:
Veefin Solutions Limited, Benchmark Business Point Llp, Branchx India Limited and 5 more
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Director | 06 Nov 2023 | 2 Years 8 Months | Current |
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Gautam Vijay Udani
Also directs:
Veefin Solutions Limited, Regime Tax Solutions Private Limited, Carebox Healthcare Solutions Llp and 5 more
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Whole-Time Director | 14 Oct 2020 | 5 Years 8 Months | Current |
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Amit Futarmal Jain
Also directs:
Riaz Constructions Llp, Veefin Solutions Limited
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Additional Director | 15 Oct 2025 | 0 Years 8 Months | Current |
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Gourav Saraf
Also directs:
Veefin Solutions Limited, Kanco Enterprises Limited, Buildmex-Infra Private Limited and 1 more
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Director | 26 Aug 2024 | 1 Years 10 Months | Current |
| Bhavesh Shamji Chheda | Director | 26 Aug 2024 | 1 Years 10 Months | Current |
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Ajay Babu Rajendran
Also directs:
Veefin Solutions Limited, Estorifi Solutions Limited, Mfp Products Private Limited and 1 more
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Director | 17 Dec 2020 | 5 Years 6 Months | Current |
Financials of Veefin Solutions Limited FY 2026 filings available
Veefin Solutions Limited reported revenue of ₹345.13 Cr (up 339.11% YoY) for FY 2026. Profit growth despite declining revenue indicates effective cost management and margin discipline.
| Metrics | FY 2026 | FY 2025 | FY 2024 |
|---|---|---|---|
| Revenue from Operations | ₹345.13 Cr | ₹78.6 Cr | ₹24.97 Cr |
| Other Income | ₹7.16 Cr | ₹1.85 Cr | ₹2.22 Lakh |
| Total Income | ₹352.29 Cr | ₹80.44 Cr | - |
| Cost of Materials Consumed | ₹0 | ₹0 | ₹0 |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | ₹0 | ₹0 | ₹0 |
| Employee Benefit Expense | ₹95.55 Cr | ₹27.39 Cr | ₹6.15 Cr |
| Finance Costs | ₹11.92 Cr | ₹68.84 Lakh | ₹34.36 Lakh |
| Other Expenses | ₹174.42 Cr | ₹26.76 Cr | ₹7.89 Cr |
| Total Expenses | ₹300.1 Cr | ₹59.93 Cr | ₹15.33 Cr |
| Profit Before Tax | ₹52.19 Cr | ₹20.51 Cr | ₹9.67 Cr |
| Total Tax Expense | ₹20.23 Cr | ₹4.26 Cr | ₹2.27 Cr |
| Net Profit | ₹41.14 Cr | ₹13.38 Cr | ₹7.4 Cr |
| Metrics | FY 2026 | FY 2025 | FY 2024 |
|---|---|---|---|
| Total Assets | ₹1,004.89 Cr | ₹521.76 Cr | ₹145.01 Cr |
| Non-current Assets | ₹796.46 Cr | ₹408.07 Cr | ₹96.8 Cr |
| Current Assets | ₹208.43 Cr | ₹113.7 Cr | ₹48.21 Cr |
| Property, Plant & Equipment | ₹7.35 Cr | ₹6.3 Cr | - |
| Inventories | ₹0 | ₹0 | ₹0 |
| Cash & Equivalents | ₹15.24 Cr | ₹43 Cr | ₹31.5 Cr |
| Equity (Net Worth) | ₹25.44 Cr | ₹22.75 Lakh Cr | - |
| Current Liabilities | ₹214.12 Cr | ₹38.88 Cr | ₹10.34 Cr |
| Metrics | FY 2026 | FY 2025 | FY 2024 |
|---|---|---|---|
| Operating Cash Flow | ₹76.95 Cr | ₹94.75 Lakh | ₹7.1 Cr |
| Investing Cash Flow | -₹339.42 Cr | -₹272.96 Cr | -₹44.7 Cr |
| Financing Cash Flow | ₹234.19 Cr | ₹283.51 Cr | ₹68.09 Cr |
| Capital Expenditure | ₹187.09 Cr | ₹90.74 Cr | - |
| Free Cash Flow (computed) | -₹110.14 Cr | -₹89.79 Cr | - |
| Dividends Paid | ₹0 | ₹0 | ₹0 |
| Net Change in Cash | -₹27.76 Cr | ₹11.5 Cr | ₹30.5 Cr |
| Metrics | Q4 FY26 | Q3 FY26 |
|---|---|---|
| Revenue from Operations | ₹131.35 Cr | ₹103.74 Cr |
| Other Income | ₹5.26 Cr | ₹63.34 Lakh |
| Total Income | ₹136.61 Cr | ₹104.38 Cr |
| Cost of Materials Consumed | ₹0 | ₹0 |
| Purchases of Stock-in-Trade | ₹0 | ₹0 |
| Changes in Inventories | ₹0 | ₹0 |
| Employee Benefit Expense | ₹25.24 Cr | ₹26.95 Cr |
| Finance Costs | ₹3.97 Cr | ₹4.29 Cr |
| Other Expenses | ₹71.79 Cr | ₹56.09 Cr |
| Total Expenses | ₹107.41 Cr | ₹91.78 Cr |
| Profit Before Tax | ₹29.21 Cr | ₹12.6 Cr |
| Total Tax Expense | ₹13.23 Cr | ₹4.82 Cr |
| Net Profit | ₹23.44 Cr | ₹7.1 Cr |
| Segment · Q4 FY26 (latest quarter) | Revenue | Result (PBIT) | Assets | Liabilities |
|---|---|---|---|---|
| Product | ₹38.23 Cr | ₹9.68 Cr | ₹397.01 Cr | ₹58.69 Cr |
| Services | ₹93.12 Cr | ₹18.23 Cr | ₹213.48 Cr | ₹79.16 Cr |
| Segment · FY 2026 (annual) | Revenue | Result (PBIT) | Assets | Liabilities |
|---|---|---|---|---|
| Product | ₹120.68 Cr | ₹30.39 Cr | - | - |
| Services | ₹224.45 Cr | ₹26.57 Cr | - | - |
| Metrics | FY 2026 | FY 2025 | FY 2024 |
|---|---|---|---|
| Revenue from Operations | ₹70.74 Cr | ₹37.32 Cr | ₹20.76 Cr |
| Other Income | ₹3.58 Cr | ₹48.63 Lakh | ₹2.22 Lakh |
| Total Income | ₹74.32 Cr | ₹37.81 Cr | - |
| Cost of Materials Consumed | ₹0 | ₹0 | ₹0 |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | ₹0 | ₹0 | ₹0 |
| Employee Benefit Expense | ₹9.41 Cr | ₹7.69 Cr | ₹6.01 Cr |
| Finance Costs | ₹6.64 Cr | ₹1.22 Cr | ₹35.17 Lakh |
| Other Expenses | ₹23.21 Cr | ₹12.53 Cr | ₹5.63 Cr |
| Total Expenses | ₹48.14 Cr | ₹23.75 Cr | ₹12.87 Cr |
| Profit Before Tax | ₹26.18 Cr | ₹14.05 Cr | ₹7.91 Cr |
| Total Tax Expense | ₹7.97 Cr | ₹2.9 Cr | ₹2.27 Cr |
| Net Profit | ₹18.2 Cr | ₹11.15 Cr | ₹5.64 Cr |
| Metrics | FY 2026 | FY 2025 | FY 2024 |
|---|---|---|---|
| Total Assets | ₹364.13 Cr | ₹197.8 Cr | ₹141.38 Cr |
| Non-current Assets | ₹334.6 Cr | ₹165.23 Cr | ₹94.59 Cr |
| Current Assets | ₹29.53 Cr | ₹32.57 Cr | ₹46.79 Cr |
| Property, Plant & Equipment | ₹2.76 Cr | ₹2.45 Cr | - |
| Inventories | ₹0 | ₹0 | ₹0 |
| Cash & Equivalents | ₹1.52 Cr | ₹6.67 Cr | ₹31.05 Cr |
| Equity (Net Worth) | ₹241.39 Cr | ₹22.75 Lakh Cr | - |
| Current Liabilities | ₹76.05 Cr | ₹11.22 Cr | ₹10 Cr |
| Metrics | FY 2026 | FY 2025 | FY 2024 |
|---|---|---|---|
| Operating Cash Flow | ₹77.45 Cr | ₹10.74 Cr | ₹6.22 Cr |
| Investing Cash Flow | -₹161.89 Cr | -₹52.04 Cr | -₹43.44 Cr |
| Financing Cash Flow | ₹79.29 Cr | ₹16.92 Cr | ₹67.43 Cr |
| Capital Expenditure | ₹107.42 Cr | ₹48.11 Cr | - |
| Free Cash Flow (computed) | -₹29.98 Cr | -₹37.37 Cr | - |
| Dividends Paid | ₹0 | ₹0 | ₹0 |
| Net Change in Cash | -₹5.15 Cr | -₹24.38 Cr | ₹30.22 Cr |
| Metrics | Q4 FY26 | Q3 FY26 |
|---|---|---|
| Revenue from Operations | ₹24.17 Cr | ₹20.19 Cr |
| Other Income | ₹1.49 Cr | ₹94.38 Lakh |
| Total Income | ₹25.66 Cr | ₹21.13 Cr |
| Cost of Materials Consumed | ₹0 | ₹0 |
| Purchases of Stock-in-Trade | ₹0 | ₹0 |
| Changes in Inventories | ₹0 | ₹0 |
| Employee Benefit Expense | ₹2.51 Cr | ₹2.25 Cr |
| Finance Costs | ₹2.07 Cr | ₹1.93 Cr |
| Other Expenses | ₹7.87 Cr | ₹6.18 Cr |
| Total Expenses | ₹16.45 Cr | ₹12.04 Cr |
| Profit Before Tax | ₹9.21 Cr | ₹9.09 Cr |
| Total Tax Expense | ₹3.46 Cr | ₹3.08 Cr |
| Net Profit | ₹5.76 Cr | ₹6 Cr |
Shareholding Pattern of Veefin Solutions Limited
As per the shareholding pattern filed with BSE for the quarter ended Mar 2026, promoters hold 34.73%, foreign institutional investors hold 3.22%, domestic institutional investors hold 0.08%, retail and other public shareholders hold 61.58% of Veefin Solutions Limited. The company had 4,993 shareholders on record.
| Mar 2026 | Dec 2025 | Sep 2025 | Mar 2025 | Sep 2024 | Mar 2024 | |
|---|---|---|---|---|---|---|
| Promoters | 34.73% | 36.36% | 35.25% | 35.25% | 37.40% | 39.84% |
| Public | 64.88% | 62.57% | 63.41% | 59.65% | 62.60% | 60.16% |
| Employee Trusts | 0.39% | 1.07% | 1.34% | 5.11% | - | - |
| Mar 2026 | Mar 2025 | Mar 2024 | |
|---|---|---|---|
| Promoters | 34.73% | 35.25% | 39.84% |
| Public | 64.88% | 59.65% | 60.16% |
| Employee Trusts | 0.39% | 5.11% | - |
| Promoter change (YoY, %pts) | -0.52 | -4.59 | - |
Group Structure of Veefin Solutions Limited
Veefin Solutions Limited has 3 subsidiary companies. This group structure data is as of FY 2024. The corporate group structure reflects Veefin Solutions Limited's business expansion strategy and organizational complexity.
| Company Name | CIN | Shares Held |
|---|---|---|
| Finfuze Software Private Limited | U62011MH2023PTC414808 | - |
| Globetf Solutions Private Limited | U62011MH2023PTC415115 | - |
| Idvee Digital Labs Private Limited | U62011MH2023PTC415261 | - |
Showing major subsidiaries. Total: 3.
Charges & Borrowings of Veefin Solutions Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 04 Sep 2025 | Others | ₹21 Cr | Open |
| 04 Sep 2025 | Others | ₹9 Cr | Open |
| 31 Jul 2025 | Others | ₹65 Cr | Open |
| 16 Jun 2025 | Others | ₹25 Cr | Open |
Total charge records: 4 View all charges
Employees and EPFO Compliance at Veefin Solutions Limited
Veefin Solutions Limited has a workforce of 124 employees as of Oct 08, 2025.
Employee Count & EPFO Data of Veefin Solutions Limited
Access employee headcount trends, monthly PF payment records, EPFO establishment details, and compliance data.
GST Compliance of Veefin Solutions Limited
GSTIN & GST Filing Data of Veefin Solutions Limited
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Credit Ratings, Litigation & Regulatory Alerts for Veefin Solutions Limited
Credit Ratings, Legal Cases & Regulatory Alerts of Veefin Solutions Limited
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MSME Payment Delays by Veefin Solutions Limited
MSME Payment Delays by Veefin Solutions Limited
Track payments outstanding to micro and small enterprise vendors, as disclosed in half-yearly MSME-1 returns filed with the MCA.
Subsidiaries & Group Companies of Veefin Solutions Limited
Subsidiaries & Group Companies of Veefin Solutions Limited
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MCA Filings & Documents of Veefin Solutions Limited
MCA Filings & Documents of Veefin Solutions Limited
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Recent Activity on Veefin Solutions Limited
Recent News on Veefin Solutions Limited
Frequently Asked Questions about Veefin Solutions Limited
Veefin Solutions Limited is an active public limited company in the printing and publishing sector based in Mumbai, Maharashtra, India. It was incorporated on 14 October 2020 (6+ years old) and is registered under CIN L72900MH2020PLC347893. The company has 124 employees.
Veefin Solutions Limited reported revenue of ₹80.44 Cr for FY 2025 (up 222.00% YoY).
The current directors of Veefin Solutions Limited are:
- Afzal Mohammed Modak
- Gautam Vijay Udani
- Amit Futarmal Jain
- Gourav Saraf
- Bhavesh Shamji Chheda
- Ajay Babu Rajendran
- Raja Debnath
- Deepti Sharma
- Matthew Simon Gamser
- Urja Harsh Thakkar
- Jimish Prakash Dedhia
- Payal Mehul Maisheri
The primary industry of Veefin Solutions Limited is printing and publishing. The company specifically operates in publishing. The company is currently active in this sector.
Yes, Veefin Solutions Limited is a listed company.
Yes, Veefin Solutions Limited is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).