Company Intelligence Profile
Indifi Technologies Private Limited
Indifi is a technology-enabled digital lending platform focused on unsecured business loans and working-capital finance for Indian MSMEs (small/medium enterprises), including sectors like travel, e-commerce, hospitality, retail and restaurants.
Last updated 17 August 2026
Indifi Technologies Private Limited is a digital lending platform that provides unsecured business loans and working-capital finance to Indian MSMEs across sectors like travel, e-commerce, and hospitality. In FY24, the company reported a total revenue of Rs 341 Cr, marking a 60% increase from the previous year, with a net profit of Rs 2.7-2.8 Cr.
AI-generated summary from public filings and may contain errors. Verify against the detailed sections below.
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Company Identity
| Registered name | Indifi Technologies Private Limited |
|---|---|
| CIN | U74140HR2015PTC055588 |
| PAN | AANCA4785E |
| Status | Active |
| Listing | Not listed (unlisted private limited company) |
| Incorporated | 27 May 2015 |
| ROC | RoC-Haryana |
| Sector (NIC) | NIC/industry: Internet/Online Financial Services — technology-enabled MSME lending platform (NBFC-linked fintech) |
| Registered address | Plot-19, Ground Floor, Block C, Sewa Tower, Sector-18, Phase-4, Udyog Vihar, Gurugram, Haryana - 122015 |
| Authorized capital | Rs 131,02,52,600 (~Rs 131 Cr) per Falconebiz |
| Paid-up capital | Rs 101,22,60,148 (~Rs 101.2 Cr) |
Business Overview
- Indifi is a technology-enabled digital lending platform focused on unsecured business loans and working-capital finance for Indian MSMEs (small/medium enterprises), including sectors like travel, e-commerce, hospitality, retail and restaurants
- It connects borrowers with a network of 80+ NBFC/bank lending partners using proprietary risk/credit-scoring models, offering products such as term loans, lines of credit, invoice discounting and merchant cash advances with fast (often ~24-hour) disbursal and minimal documentation
- As of company disclosures, Indifi has facilitated 100,000+ loans across 400+ cities
- Its wholly-owned subsidiary, Indifi Capital Private Limited (formerly Riviera Investors Pvt Ltd), is the RBI-registered NBFC that carries out on-book lending
- Source: indifi.com, India Ratings
Directors
| Name | DIN | Role | Appointed |
|---|---|---|---|
| Alok Mittal | 01290103 | Managing Director | 27-May-2015 |
| Sangram Singh | 07965826 | Whole-time Director & CEO | 5-Dec-2023 |
| Siddharth Mahanot | 07182888 | Director | 1-Oct-2024 |
| Tabassum Abdulla Inamdar | 07637013 | Director | 19-May-2022 |
| Vinay Baijal | 07516339 | Director | 2-Apr-2024 |
| Vikramaditya Singh Khichi | 08317894 | Director | 29-Aug-2024 |
| Sandeep Marian Farias | 00036043 | Nominee Director | 28-Sep-2015 |
| Mahendran Balachandran | 00121640 | Nominee Director | 28-Sep-2015 |
| Badri Pillapakkam Bahukutumbi | 00272372 | Nominee Director | 25-Apr-2019 |
| Nikhil Mohta | 00932030 | Nominee Director | 12-Jun-2023 |
| Arunprakash Srinivasarao Korati | 00027783 | Nominee Director | 3-Nov-2025 |
GST Registrations
| GSTIN | State | PAN | Status |
|---|---|---|---|
| 06AANCA4785E1ZH | Haryana | AANCA4785E | Active |
| 06AABCR3187M2Z0 | Haryana | AANCA4785E | - |
Primary/home-state GSTIN (Haryana): 06AANCA4785E1ZH, legal name "Indifi Technologies Private Limited", registration date 01-Jul-2017, status Active/Regular (source: KnowYourGST, MastersIndia — 2 sources agree). PAN embedded matches AANCA4785E, confirming no entity mix-up. Total number of state-wise GST registrations: not obtained (only the Haryana/home-state registration was confirmed). Note: a similarly-named "Indifi Capital Private Limited" (the NBFC subsidiary) holds a SEPARATE GSTIN (06AABCR3187M2Z0) — kept distinct here to avoid entity confusion.
Financials (FY24)
- FY24 (year ended Mar-2024), consolidated basis: Total revenue Rs 341 Cr (up ~60% YoY from Rs 213 Cr in FY23)
- Revenue from operations Rs 317 Cr (vs Rs 198 Cr in FY23)
- Net profit/PAT Rs 2.7-2.8 Cr (down from Rs 5.1 Cr in FY23)
- Total expenditure Rs 335 Cr
- Interest cost Rs 107 Cr
- Bad debts written off Rs 45 Cr
- Employee benefit expense Rs 72 Cr
- Current assets Rs 1,169 Cr
- Cash & bank balances Rs 232 Cr. EBITDA (~Rs 117.8 Cr) reported by a single source only
- Net worth and total borrowings: not obtained precisely from available sources
Funding
- Partial/conflicting data
- Per Crunchbase-sourced aggregation: total funding ~$90.8M across 7 rounds from 32 investors; largest round was Series E, $35.2M in Jun-2023 led by ICICI Venture; earlier Series C ~$21M. A separate search snippet cited "$1.53B total funding," which is inconsistent with all other sources and industry scale for this company — treated as unreliable/likely a data error and NOT used
- Key investors named across sources: ICICI Venture, CX Partners, Finnish Fund for Industrial Cooperation (FinnFund), British International Investment (BII), Currae Capital, Omidyar Network, Accel, Fair Winds, among others (round-level detail not fully cross-verified per round)
Credit Ratings
- These ratings belong to the NBFC subsidiary Indifi Capital Private Limited, not directly to Indifi Technologies Private Limited (the CIN'd parent entity) — flagged to avoid entity-confusion: CRISIL Ratings — 'CRISIL BBB/Stable' on Rs 100 Cr NCDs, and 'CRISIL BBB/Stable/CRISIL A2' reaffirmed on bank loan facilities and debt instruments (as of 31-Dec-2024)
- India Ratings — has also rated Indifi Capital Pvt Ltd's NCDs/bank loans (as of 27-Oct-2025), explicitly taking a consolidated view including parent Indifi Technologies Private Limited
- No rating was found issued directly in the name of Indifi Technologies Private Limited itself
Competitors
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