Open Financial Technologies Private Limited - Company overview

Registered with ROC Bangalore on 19 May 2017, Open Financial Technologies is an active private limited company that has been around for abou…

2017-05-19 Bengaluru, Karnataka Active Unlisted Active Compliant
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Key Metrics Public MCA facts are exact. Revenue, profit, assets, and employee figures may show as ranges until unlocked.

REVENUE
₹25–50 Cr
▼ -13.2%
FY 2024
PROFIT / LOSS
Loss · ₹100–500 Cr
▲ 30.9%
FY 2024
EBITDA
Loss · ₹100–500 Cr
▲ 39.7%
FY 2024
NET WORTH
₹100–500 Cr
▼ -31.7%
FY 2024
TOTAL ASSETS
₹100–500 Cr
▼ -33.2%
FY 2024
EMPLOYEE COUNT
371–380
OPEN CHARGES
2
-
PAID-UP CAPITAL
28.72 Lakh
AUTHORISED CAPITAL
35.00 Lakh
COMPANY AGE
9 Years 5 Months
since 2017-05-19
LAST FILING WITH ROC
2025-03-31
Last AGM: 2025-09-08
ACTIVE GST
1
Updated: 2025-01-13 18:19:01
TOTAL MONEY RAISED
₹1000+ Cr
SATISFIED CHARGES
3
46.04 cr

Company Health Scores Scores from 0–100 based on filings, compliance signals, financials, and board history on this profile.

Health scores for Open Financial Technologies covering vendor trust, statutory compliance, financial health and director risk - derived from MCA filings, GST and EPFO records, financial statements and the company's board history.

Vendor Trust Score Moderate
74/100
Overall counterparty comfort for vendors and customers.
  • Blend of compliance (81), financial health (50), director (95) and company-foundation signals.
  • Operating for 9 years.
Compliance Score Low risk
81/100
Statutory filings, status and regulatory flags.
  • Company status is Active as per MCA.
  • Last balance sheet filed for Mar 2025 - slightly behind.
Financial Health Score Moderate
50/100
Profitability, leverage and liquidity from filed statements.
  • Loss-making in FY 2024.
  • Positive net worth.
Director Risk Score Low risk
95/100
Board strength, DIN status and churn.
  • 8 directors on the board.
  • No disqualified or deactivated DINs on the current board.
Scores are derived from MCA filings, financial statements and public records on this page. Higher is safer. They are indicative, not a credit rating.
360° Intelligence Report: trust score, financial health, credit risk, growth & distress signals - auto-generated from filings. View report →

About Open Financial Technologies Company identity, industry, contact, and registration details from MCA and company records.

Registered with ROC Bangalore on 19 May 2017, Open Financial Technologies is an active private limited company that has been around for about 9 years. Its registered office is in Bengaluru, Karnataka.

Its filings describe the main line of business as computer programming, consultancy and related activities, which made up 100% of turnover.

It has eight directors: Mabel Annie Chacko, Anish Achuthan, Ajeesh Achuthan and 5 others. The longest-serving is Ajeesh Achuthan, on the board since 2017; the most recent to join is Mohit Naresh Bhandari, appointed in April 2022. Two former directors are on record; the most recent to leave was Archana Priyadarshini in April 2019. Between them, the directors also sit on the boards of 9 other companies, including Izwipe Payment Technologies Private Limited and Neartivity Wireless India Private Limited.

Paid-up capital stands at ₹28.72 lakh out of ₹35 lakh authorised. The last AGM on record was on 8 September 2025, for accounts made up to 31 March 2025. All three charges registered against it have been satisfied, so no secured loan is open.

Internet ••••••••
  • Location 3Rd Floor,Tower 2,Rga Tech Park,18, Sarjapur Road, Carmelaram,Hadosiddapura,Doddakannelli,, Bengaluru, Karnataka - 560035
  • Website open.money
LinkedIn Facebook Twitter Instagram
Legal NameOpen Financial Technologies Private Limited
CIN / LLPINU67200KA2017PTC166507
Company No.166507
ClassificationPrivate Limited Indian Non-Government Company
Incorporation Date2017-05-19
Date of AGM2025-09-08
Date of Balance Sheet2025-03-31
Listing StatusUnlisted
ROC CodeRoc Bangalore
PAN
LEI Number
Active ComplianceActive Compliant

Current Directors of Open Financial Technologies (8) Current board members from MCA filings, including designation and appointment details.

M
Mabel Annie Chacko
Director | Since 2021-09-22 | DIN: 02853367
A
Anish Achuthan
Director | Since 2018-08-27 | DIN: 02853403
A
Ajeesh Achuthan
Director | Since 2017-10-17 | DIN: 07948982
A
Anish Achuthan
CEO | Since 2018-08-27
B
Bhaskar Majumdar
Nominee Director | Since 2019-04-20 | DIN: 02131404
M
Mohit Naresh Bhandari
Nominee Director | Since 2022-04-04 | DIN: 02528942

Financial Performance of Open Financial Technologies Bands and Low / Medium / High trend shape. Exact figures unlock with your report.

Estimated bands · FY 2024
Revenue ₹25–50 Cr ▼ -13.2%
P&L Loss · ₹100–500 Cr ▲ 30.9%
EBITDA Loss · ₹100–500 Cr ▲ 39.7%
Net worth ₹100–500 Cr ▼ -31.7%

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Charges of Open Financial Technologies Open and satisfied charges registered against the company with MCA.

Others : 44.00 cr
Hdfc Bank Limited : 2.04 cr
Open Charges: 2 Satisfied Charges: 3
Open -
Satisfied 46.04 cr
LenderAmountStatus
Hdfc Bank Limited
Creation Date: 21 Nov 2022
 94.69 Lakh Closed
Hdfc Bank Limited
Creation Date: 17 Nov 2021
 1.09 cr Closed
Others
Creation Date: 17 May 2021
 44.00 cr Closed

Business Activity Principal business activity and turnover mix from MCA filings.

Activity GroupDescriptionTurnover %
Information and communicationComputer programming, consultancy and related activities100

Companies With Common Directors Of Open Financial Technologies Other companies that share directors with this entity, based on MCA and compliance network data.

Board Overlap From MCA / Compliance Filings

Izwipe Payment Technologies Private Limited 2 Shared Directors
Neartivity Wireless India Private Limited 2 Shared Directors
Openhub Technologies Private Limited 2 Shared Directors
Brail.Io Technologies Private Limited 1 Shared Director
Dinero Innovations Private Limited 1 Shared Director
Open Payments Technologies Private Limited 1 Shared Director
Opendigi Technologies Private Limited 1 Shared Director
Openpe Technologies Private Limited 1 Shared Director
Zwitch Technologies Private Limited 1 Shared Director

Financial Ratios of Open Financial Technologies Profitability, leverage, and liquidity ratios from filed statements. Exact values unlock with your report.

7 years of ratios on record

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Net profit margin Debt / Equity Current ratio ROE

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Shareholding Pattern of Open Financial Technologies Ownership and contribution detail from filings. Full breakdown unlocks with your report.

7 shareholder categories on record

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Ownership mix Category breakdown Year-wise pattern Promoter holding

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Employees and EPFO Compliance at Open Financial Technologies EPFO establishments, contributions, and headcount history. Full records unlock with your report.

1 establishment linked

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Monthly headcount PF contributions ECR filing status Establishment history

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GST Compliance of Open Financial Technologies GST registrations and filing status by state. Full compliance detail unlocks with your report.

State-wise registrations, return filing status, HSN and SAC details, and jurisdiction records require an active report plan.

GSTIN registrations State-wise filing status HSN and SAC details Tax jurisdiction records

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Credit Ratings, Litigation & Regulatory Alerts for Open Financial Technologies Ratings, court records, and regulatory alerts. Full risk detail unlocks with your report.

Agency ratings, court records, regulatory events, and entity-specific compliance alerts require an active report plan.

Rating history Court and tribunal cases Regulatory alerts Director-linked violations

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MSME Payment Delays by Open Financial Technologies MSME supplier payment delays and filing history. Full amounts unlock with your report.

Amounts outstanding to micro and small suppliers, delay reasons, and MSME-1 filing history require an active report plan.

Outstanding amounts Delay periods and reasons MSME-1 filing history Vendor payment signals

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Subsidiaries & Group Companies of Open Financial Technologies Parent, subsidiary, and related group entities. Full ownership map unlocks with your report.

4 subsidiaries on record

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Parent company Subsidiaries and ownership Associates and joint ventures Entity investments

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MCA Filings & Documents of Open Financial Technologies Official MCA forms, returns, and filing index. Document access unlocks with your report.

Official forms, annual returns, financial statements, charge filings, and document dates require an active report plan.

Incorporation documents Annual returns and statements Charge filings Complete filing index

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Frequently Asked Questions about Open Financial Technologies Common questions about this company from MCA and profile data. Some answers are limited until unlocked.
Who is the owner of Open Financial Technologies?
MCA does not publish an "owner" field. Open Financial Technologies is run by its directors, Mabel Annie Chacko, Anish Achuthan, Ajeesh Achuthan and five others. The people who own the shares are listed in its annual return (form MGT-7), which can differ from the directors.
Who are the current board members and directors of Open Financial Technologies?
Open Financial Technologies has eight current directors: Mabel Annie Chacko (since September 2021), Anish Achuthan (since August 2018), Ajeesh Achuthan (since October 2017), Anish Achuthan (since August 2018), Bhaskar Majumdar (since April 2019) and Mohit Naresh Bhandari (since April 2022), plus 2 more.
What is CIN of Open Financial Technologies?
The CIN of Open Financial Technologies is U67200KA2017PTC166507. Reading it left to right: U means it is not listed, 67200 is the industry code it registered under, KA is Karnataka, 2017 is the year it was registered, PTC is the company type and 166507 is its registration number.
When was Open Financial Technologies incorporated?
Open Financial Technologies was incorporated on 19 May 2017 with ROC Bangalore. That makes it about 9 years old.
What is the registered address of Open Financial Technologies?
The registered office on MCA records is 3Rd Floor, Tower 2, Rga Tech Park, 18, Sarjapur Road, Carmelaram, Hadosiddapura, Doddakannelli, Bengaluru, Karnataka - 560035.
What is the current status of Open Financial Technologies?
MCA shows Open Financial Technologies as Active, and its last AGM on record was in September 2025.
What is the contact number or email for Open Financial Technologies?
You can post to its registered office at 3Rd Floor, Tower 2, Rga Tech Park, 18, Sarjapur Road, Carmelaram, Hadosiddapura, Doddakannelli, Bengaluru, Karnataka - 560035 and use its website, https://open.money.
What industry or business activity is Open Financial Technologies associated with?
Its MCA filings list the main business as computer programming, consultancy and related activities (100% of turnover).
What is paid-up capital and authorised share capital of Open Financial Technologies?
Paid-up capital is ₹28.72 lakh and authorised capital is ₹35 lakh, so about 82% of the authorised amount has been issued.
When did Open Financial Technologies last file accounts and hold an AGM?
The last AGM on record was on 8 September 2025, and the latest balance sheet is for the year ending 31 March 2025.
Where can I see charges and lenders for Open Financial Technologies?
No charge is open. All three charges registered against Open Financial Technologies have been satisfied. Lenders named in the filings include Hdfc Bank Limited.
Have any directors left Open Financial Technologies?
Yes, two former directors are on record. The most recent to leave were Archana Priyadarshini (April 2019) and Aparajit Bhalchandra Bhandarkar (March 2019).
Which companies share directors with Open Financial Technologies?
9 companies share directors with Open Financial Technologies. Among them are Izwipe Payment Technologies Private Limited, Neartivity Wireless India Private Limited, Openhub Technologies Private Limited and 6 more.
What is the turnover or revenue of Open Financial Technologies?
Based on filed financial statements, the revenue of Open Financial Technologies for FY 2024 was in the ₹25–50 Cr range. That is down 13.2% on the previous year. Exact year-wise revenue, profit and balance sheet figures are on the Financial tab.
What is the net worth of Open Financial Technologies?
For FY 2024, the net worth of Open Financial Technologies was in the ₹100–500 Cr range.
How can I get the financial details of Open Financial Technologies?
The latest accounts on record are for FY 2024. The Financial tab has year-wise profit and loss, balance sheet and ratios, with exact figures after you sign in.
What is the official website of Open Financial Technologies?
The website on record for Open Financial Technologies is https://open.money.
Which company owns open.money?
open.money is the website listed for Open Financial Technologies Private Limited in its company records.
Open Financial Technologies - is it listed or unlisted?
Open Financial Technologies is unlisted, so its shares are not traded on a stock exchange. Its CIN starts with U for the same reason.
What is the ROC code of Open Financial Technologies?
Open Financial Technologies is registered with ROC Bangalore.
What is the company classification of Open Financial Technologies?
MCA classifies Open Financial Technologies as: Private Limited Indian Non-Government Company.
Does Open Financial Technologies have subsidiaries?
Yes, 4 subsidiaries are on record for Open Financial Technologies.
Does Open Financial Technologies have GST registrations on file?
Yes, one active GST registration is linked to Open Financial Technologies.

Disclaimer: Data on this page is compiled from public sources as available in our system at the time of the last update and is for general information only. Scores are derived indicators, not credit ratings or advice - please verify from official sources and consult a professional before making any business or financial decision.