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Open Financial Technologies Location T. Score People Network Registered Details
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OPEN FINANCIAL TECHNOLOGIES PRIVATE LIMITED

Active
Updated: 06 Nov 2024

Open Financial Technologies Private Limited, is an unlisted private company incorporated on 19 May, 2017. It is classified as a private limited company and is located in Bangalore, Karnataka. It's authorized share capital is INR 35.00 lac and the total paid-up capital is INR 1.01 lac.

Open Financial Technologies's operating revenue range is INR 1 cr - 100 cr for the financial year ending on 31 March, 2024. It's book networth has decreased by 31.65%.

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Industry

Finance
Products
  • Design and development services of software applications including customized and packaged software, Computer programming, consultancy and related activities
Key Metrics

** All rupee values in INR crores. Based on March 2024 numbers.

Sales
-17.04%
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EBITDA
-
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Net Profit
-
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Networth
-31.65%
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Borrowings
-85.99%
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Assets
-33.17%
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Gross Margin
-
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Operating Margin
216.05
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Net Profit Margin
93.27
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Return on Equity
-0.66
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ROCE
-0.06
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Debt to Equity
-0.05
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Sales
Mar 2024
Net worth
Mar 2024

Locations

indian flag India (3)
State Type Address

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Tofler Score

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Fair
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Excellent

Risk

Severe Risk
  • No risks identified
Moderate Risk
  • No risks identified
Low Risk
  • No risks identified
About Tofler Score
Tofler Score measures the quality of performance and integrity of a company. It is dependent on three key factors - Sustainability, Governance, and Growth.

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Financial Highlights

** All numbers in INR crores
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Sales GET PRO GET PRO GET PRO GET PRO GET PRO
Operating profit GET PRO GET PRO GET PRO GET PRO GET PRO
Net profit GET PRO GET PRO GET PRO GET PRO GET PRO
Gross margin GET PRO GET PRO GET PRO GET PRO GET PRO
Operating margin GET PRO GET PRO GET PRO GET PRO GET PRO
Net margin GET PRO GET PRO GET PRO GET PRO GET PRO
Networth
Borrowings GET PRO GET PRO GET PRO GET PRO GET PRO
Assets GET PRO GET PRO GET PRO GET PRO GET PRO
Debt to equity GET PRO GET PRO GET PRO GET PRO GET PRO
Current ratio GET PRO GET PRO GET PRO GET PRO GET PRO
ROE GET PRO GET PRO GET PRO GET PRO GET PRO
Days payable GET PRO GET PRO GET PRO GET PRO GET PRO
WC days GET PRO GET PRO GET PRO GET PRO GET PRO
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Margins

Gross margin
Operating margin
Net margin

Balance Sheet

%
** All numbers in INR crores
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital GET PRO GET PRO GET PRO GET PRO GET PRO
Reserves GET PRO GET PRO GET PRO GET PRO GET PRO
Borrowings + GET PRO GET PRO GET PRO GET PRO GET PRO
Long term borrowings GET PRO GET PRO GET PRO GET PRO GET PRO
Short term borrowings GET PRO GET PRO GET PRO GET PRO GET PRO
Trade payables + GET PRO GET PRO GET PRO GET PRO GET PRO
Days payable GET PRO GET PRO GET PRO GET PRO GET PRO
Other liabilities + GET PRO GET PRO GET PRO GET PRO GET PRO
Other non-current liabilities GET PRO GET PRO GET PRO GET PRO GET PRO
Other current liabilities GET PRO GET PRO GET PRO GET PRO GET PRO
Total liabilities GET PRO GET PRO GET PRO GET PRO GET PRO
Fixed Assets + GET PRO GET PRO GET PRO GET PRO GET PRO
Tangible assets GET PRO GET PRO GET PRO GET PRO GET PRO
CWIP GET PRO GET PRO GET PRO GET PRO GET PRO
Intangible assets GET PRO GET PRO GET PRO GET PRO GET PRO
LT loans and advances GET PRO GET PRO GET PRO GET PRO GET PRO
Other non-current assets GET PRO GET PRO GET PRO GET PRO GET PRO
Current assets + GET PRO GET PRO GET PRO GET PRO GET PRO
Inventories GET PRO GET PRO GET PRO GET PRO GET PRO
Trade receivables GET PRO GET PRO GET PRO GET PRO GET PRO
Cash and cash equivalents GET PRO GET PRO GET PRO GET PRO GET PRO
ST loans and advances GET PRO GET PRO GET PRO GET PRO GET PRO
Other current assets GET PRO GET PRO GET PRO GET PRO GET PRO
Total assets GET PRO GET PRO GET PRO GET PRO GET PRO
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Total assets

Profit & Loss

%
** All numbers in INR crores
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Sales + GET PRO GET PRO GET PRO GET PRO GET PRO
Sales growth % GET PRO GET PRO GET PRO GET PRO GET PRO
Expenses + GET PRO GET PRO GET PRO GET PRO GET PRO
Cost of goods GET PRO GET PRO GET PRO GET PRO GET PRO
Employee cost GET PRO GET PRO GET PRO GET PRO GET PRO
Other costs GET PRO GET PRO GET PRO GET PRO GET PRO
Operating profit + GET PRO GET PRO GET PRO GET PRO GET PRO
Operating margin % GET PRO GET PRO GET PRO GET PRO GET PRO
Other income GET PRO GET PRO GET PRO GET PRO GET PRO
Interest GET PRO GET PRO GET PRO GET PRO GET PRO
Depreciation GET PRO GET PRO GET PRO GET PRO GET PRO
Exceptional items GET PRO GET PRO GET PRO GET PRO GET PRO
Profit before tax GET PRO GET PRO GET PRO GET PRO GET PRO
Tax GET PRO GET PRO GET PRO GET PRO GET PRO
Profit - disc. ops GET PRO GET PRO GET PRO GET PRO GET PRO
Net profit GET PRO GET PRO GET PRO GET PRO GET PRO
Net margin % GET PRO GET PRO GET PRO GET PRO GET PRO
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Revenue from operations

Ratios

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Solvency +
Total Debt/Equity GET PRO GET PRO GET PRO GET PRO GET PRO
Net Debt/Equity GET PRO GET PRO GET PRO GET PRO GET PRO
Total Debt/Assets GET PRO GET PRO GET PRO GET PRO GET PRO
Total Assets/Equity GET PRO GET PRO GET PRO GET PRO GET PRO
Liquidity +
Current Ratio GET PRO GET PRO GET PRO GET PRO GET PRO
Quick Ratio GET PRO GET PRO GET PRO GET PRO GET PRO
Interest Coverage GET PRO GET PRO GET PRO GET PRO GET PRO
Performance
Gross Margin GET PRO GET PRO GET PRO GET PRO GET PRO
Operating Margin GET PRO GET PRO GET PRO GET PRO GET PRO
Net Margin GET PRO GET PRO GET PRO GET PRO GET PRO
Return +
Return on Equity GET PRO GET PRO GET PRO GET PRO GET PRO
Pre-tax ROCE GET PRO GET PRO GET PRO GET PRO GET PRO
Return on Assets GET PRO GET PRO GET PRO GET PRO GET PRO
Pre-tax ROIC GET PRO GET PRO GET PRO GET PRO GET PRO
Efficiency +
Days Payable GET PRO GET PRO GET PRO GET PRO GET PRO
Days Inventory GET PRO GET PRO GET PRO GET PRO GET PRO
Days Receivable GET PRO GET PRO GET PRO GET PRO GET PRO
Fixed Asset Turnover GET PRO GET PRO GET PRO GET PRO GET PRO
Total Asset Turnover GET PRO GET PRO GET PRO GET PRO GET PRO
Working Capital
Cash Conversion Cycle GET PRO GET PRO GET PRO GET PRO GET PRO
Working Capital Days GET PRO GET PRO GET PRO GET PRO GET PRO
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Ratios

Current ratio
Debt/equity ratio

People

Designation Name DIN/PAN Tenure
Nominee Director Bhaskar Majumdar 02131404 6 years
Nominee Director Mohit Naresh Bhandari 02528942 3 years
Director Mabel Annie Chacko
Shareholder
02853367 3 years
CEO Anish Achuthan
Shareholder
<HIDDEN> 7 years
Director Anish Achuthan
Shareholder
02853403 6 years
CFO Deena Jacob
Shareholder
<HIDDEN> 7 years
Director Deena Jacob
Shareholder
06552579 6 years
Director Ajeesh Achuthan
Shareholder
07948982 7 years

Company Network

Companies connected through Directors

Name Status Paid up Capital Common Directors Address
RECREATE SOLUTIONS (INDIA) PRIVATE LIMITED
Strike Off
10.4 L 1 Karnataka
IDEOPE MEDIA PRIVATE LIMITED
Active
10.2 Cr 1 Delhi
RARE BITS TECHNOLOGY PRIVATE LIMITED
Active
1.6 L 1 Kerala
UNICORN INDIA VENTURES SERVICES LLP
Active
1.0 L 1 Maharashtra
UNICORN INDIA VENTURES ADVISORS LLP
Active
1.0 L 1 Maharashtra
SMARTCOIN FINANCIALS PRIVATE LIMITED
Active
3.0 L 1 Karnataka
LILCHIRP AI TECHNOLOGIES PRIVATE LIMITED
Active
1.6 L 1 Madhya Pradesh
MAKESENSE TECHNOLOGIES LIMITED
Active
1.2 Cr 1 Haryana
TEMASEK HOLDINGS ADVISORS INDIA PRIVATE LIMITED
Active
2.2 Cr 1 Maharashtra
INDIAIDEAS COM LIMITED
Active
5.0 Cr 1 Maharashtra
IZWIPE PAYMENT TECHNOLOGIES PRIVATE LIMITED
Strike Off
1.0 L 2 Karnataka
OPENDIGI TECHNOLOGIES PRIVATE LIMITED
Active
1.1 L 2 Karnataka
NEARTIVITY WIRELESS INDIA PRIVATE LIMITED
Strike Off
1.0 L 2 Karnataka
BRAIL.IO TECHNOLOGIES PRIVATE LIMITED
Active
1.0 L 2 Karnataka
OPENPE TECHNOLOGIES PRIVATE LIMITED
Strike Off
1.0 L 2 Karnataka
ZWITCH TECHNOLOGIES PRIVATE LIMITED
Active
1.0 L 2 Karnataka
DINERO INNOVATIONS PRIVATE LIMITED
Active
1.3 L 2 Telangana
IIFL OPEN FINTECH PRIVATE LIMITED
Active
16.8 Cr 3 Maharashtra
OPEN PAYMENTS TECHNOLOGIES PRIVATE LIMITED
Under Process of Striking Off
1.0 L 2 Karnataka
OPENHUB TECHNOLOGIES PRIVATE LIMITED
Active
1.0 L 2 Karnataka
SPES LABS PRIVATE LIMITED
Strike Off
1.1 L 1 Karnataka

Subsidiary Companies

Name State / Country Incorporation Year Paidup Capital
OPENDIGI TECHNOLOGIES PRIVATE LIMITED Karnataka 2019 ₹ 1.1 L
Open Financial Technologies Incorporated, USA United States - -
BRAIL.IO TECHNOLOGIES PRIVATE LIMITED Karnataka 2021 ₹ 1.0 L
ZWITCH TECHNOLOGIES PRIVATE LIMITED Karnataka 2021 ₹ 1.0 L
DINERO INNOVATIONS PRIVATE LIMITED Telangana 2019 ₹ 1.3 L
Open Financial Technologies Incorporated United States - -

Registered Details

CIN

U67200KA2017PTC166507

PAN

AACCO5024H

Incorporation

2017, 7.5 years

Company Email

compliance@bankopen.co

Paid up Capital

₹ 1.0 L

Authorised Capital

₹ 35.0 L

AGM

31 Jun 2024

Type

Private
Non-government Company

Last Balance Sheet Date
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Mar 2024 Updated on : 06 Nov 2024
* There is the date provided by MCA, but availability for this year is not guaranteed.

FAQ - OPEN FINANCIAL TECHNOLOGIES PRIVATE LIMITED

What is the incorporation date of OPEN FINANCIAL TECHNOLOGIES PRIVATE LIMITED?

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The incorporation date of OPEN FINANCIAL TECHNOLOGIES PRIVATE LIMITED is 19 May, 2017

What is the authorized share capital of OPEN FINANCIAL TECHNOLOGIES PRIVATE LIMITED?

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The authorized share capital of OPEN FINANCIAL TECHNOLOGIES PRIVATE LIMITED is INR ₹ 35.0 L.

What is the paid-up capital of OPEN FINANCIAL TECHNOLOGIES PRIVATE LIMITED?

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The paid-up capital of OPEN FINANCIAL TECHNOLOGIES PRIVATE LIMITED is INR ₹ 1.0 L.

What is the registered address of OPEN FINANCIAL TECHNOLOGIES PRIVATE LIMITED?

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The registered address of OPEN FINANCIAL TECHNOLOGIES PRIVATE LIMITED is 3RD FLOOR,TOWER 2,RGA TECH PARK,18, SARJAPUR ROAD, CARMELARAM,HADOSIDDAPURA,DODDAKANNELLI BENGALURU Bangalore Karnataka - 560035

What is the CIN number of OPEN FINANCIAL TECHNOLOGIES PRIVATE LIMITED?

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The CIN number of OPEN FINANCIAL TECHNOLOGIES PRIVATE LIMITED is U67200KA2017PTC166507.

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