Company Intelligence Profile
India Innovation Incorporation Private Limited
Raipur-based fintech (brands Falcon, Kite Cash, Kite) offering digital payments and embedded-finance solutions; FY24 revenue ~Rs 94 Cr, DPIIT-recognised startup.
Last updated 10 August 2026
India Innovation Incorporation Private Limited is a Raipur-based fintech company offering digital payments and embedded finance solutions through its brands Falcon, Kite Cash, and Kite. With FY24 revenue of approximately Rs 94 Cr and notable YoY growth of around 122%, the company maintains an operating margin of 10.24% and a net profit margin of 13.82%.
AI-generated summary from public filings and may contain errors. Verify against the detailed sections below.
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Company Identity
| Registered name | India Innovation Incorporation Private Limited |
|---|---|
| CIN | U74220CT2012PTC000633 |
| PAN | AADCI1136R |
| Status |
|
| Listing | Unlisted (private limited company) |
| Incorporated | 04 December 2012 |
| ROC | RoC-Chhattisgarh (Raipur) |
| Sector (NIC) | Financial and insurance services / other financial activities (NIC section K, group ~K8); digital payments & fintech |
| Registered address | 35/75, Punjabi Colony, Katora Talab, Raipur, Chhattisgarh, India, 492001 |
| Authorized capital | Rs 5.01 Cr |
| Paid-up capital | Rs 1.42 Cr |
Business Overview
- Fintech company providing digital payment solutions and embedded finance, operating through brands Falcon (fintech/embedded-finance platform), Kite Cash (digital wallet) and Kite (expense management)
- DPIIT-recognised startup
- ~47 employees as of April 2024
Directors & DINs
| Name | DIN | Role | Appointed |
|---|---|---|---|
| Prabhtej Singh Bhatia | 02901462 | Director & Founder | - |
Financials
India Innovation Incorporation Private Limited reported Rs 94.16 Cr in operating revenue for FY24, reflecting approximately 122% year-over-year growth, with an operating margin of 10.24% and a net profit margin of 13.82%. Borrowings grew by 20.68% while assets increased by 29.14%.
- FY2023-24 (FY24), standalone (aggregator-reported, not from audited PDF): Operating revenue Rs 94.16 Cr, ~122% / 121.51% YoY growth
- Operating margin 10.24%; net profit margin 13.82% — implies PAT roughly Rs 13 Cr (DERIVED, not directly reported; treat as approximate)
- Borrowings growth 20.68%, assets growth 29.14%
- Absolute EBITDA, PAT, net worth and total borrowings not directly disclosed — "not obtained"
- TheCompanyCheck alternately shows operating revenue in a Rs 75-100 Cr band, consistent with the Rs 94.16 Cr figure
- Standalone vs consolidated not specified by sources; presumed standalone
Charges & Loans
- One open charge: Small Industries Development Bank of India (SIDBI) — Rs 10.0 Cr — created/modified 11 December 2024
- Sources: Tofler, TheCompanyCheck (2-source agreement)
Competitors
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