Company Intelligence Profile
Iserveu Technology Private Limited
iServeU is a Bhubaneswar (Odisha)-headquartered banking-infrastructure / embedded-finance (BaaS) provider operating across the APAC region.
Last updated 21 August 2026
iServeU Technology Private Limited, incorporated on 27 September 2016 and headquartered in Bhubaneswar, Odisha, is an active banking-infrastructure and embedded-finance provider operating across the APAC region. It delivers embedded banking services to banks, fintechs, NBFCs, and enterprises, spanning financial inclusion, card issuance, merchant acquiring, transaction banking, and lending enablement. It holds NPCI and Visa certifications, is a DPIIT-recognised startup, and is a subsidiary of Niyogin Fintech Limited.
AI-generated summary from public filings and may contain errors. Verify against the detailed sections below.
See what AICA knows about Iserveu Technology
Deeper analysis, financial signals and peer comparisons.
Company Identity
| Registered name | Iserveu Technology Private Limited |
|---|---|
| CIN | U72900OR2016PTC025851 |
| PAN | Not available in the public sources reviewed. |
| Status | Active |
| Listing | No |
| Incorporated | 27 September 2016 |
| ROC | RoC Odisha / listed as "Cuttack" by TheCompanyCheck — likely same office referenced differently; partial/conflict noted |
| Sector (NIC) |
|
| Registered address | Plot No. E-12, SRB Tower, 11th Floor, Infocity Area, Chandaka I.E., Khordha, Bhubaneswar, Odisha, India – 751024 |
| Authorized capital | ₹12.1 Crore |
| Paid-up capital | ₹11.03 Crore |
Business Overview
- iServeU is a Bhubaneswar (Odisha)-headquartered banking-infrastructure / embedded-finance (BaaS) provider operating across the APAC region
- It delivers embedded banking services to banks, fintechs, NBFCs and other enterprises spanning financial inclusion, card issuance, merchant acquiring (payments), transaction banking, lending-enablement, and value-added services
- It holds certifications from NPCI and Visa, and is recognized as a DPIIT Startup
- It is a subsidiary of Niyogin Fintech Limited
- Source: iserveu.in (official site), TheCompanyCheck
Directors
Confirmed (2 sources agree on core roster; TheCompanyCheck lists 7 current, Tofler lists 5 — treating union with role notes):
| Name | DIN | Role | Appointed |
|---|---|---|---|
| Debiprasad Sarangi | 07601542 | Managing Director & Shareholder | - |
| Amit Tyagi | 08317195 | Whole-time Director & Shareholder | - |
| Amit Rajpal | 07557866 | Director | - |
| Tashwinder Harjap Singh | 06572282 | Director | - |
| Abhishek Ajit Thakkar | 09793587 | Director | - |
| Sandeep Chouhan | - | Director | - |
| Samir Mohan Pandiri | - | Director | - |
Financials
- Revenue: TheCompanyCheck states ₹165.5 Cr (7% YoY growth)
- EBITDA: locked / not obtained
- PAT: locked / not obtained; Net Profit Margin reported as 9.03% — implies PAT roughly ₹15 Cr if revenue ~₹165 Cr
- Net worth: growth of 2.83% YoY (exact figure locked) — not obtained
- Borrowings: decreased 3.95% YoY (exact figure locked) — not obtained
- ROE: 62.97%, ROCE: 56.43%, Operating Margin: 5.29%
- Standalone vs consolidated: not specified by source; assume standalone filing basis
Workforce: ~402 employees per EPFO data as of Sep 2025.
Funding
- Partial — TheCompanyCheck identifies Niyogin Fintech Limited (NSE-listed) as parent company; no deal value, stake percentage, or date obtained in this pass (a Google-search fetch for the acquisition terms returned no usable content)
- Recommend Entrackr/Inc42/Tracxn follow-up for round name and valuation — not obtained here
Charges & Loans
Open charges ₹47.51 Cr, satisfied charges ₹14.1 Cr. Active bank loans identified by Tofler:
- Union Bank of India — ₹25.0 Cr — charge dated 20 Jun 2025
- Axis Bank Limited — ₹1.5 Cr — charge dated 08 May 2025
- State Bank of India — ₹0.0 Cr (likely a cash-credit/working-capital facility with nil disclosed charge amount) — charge dated 18 Mar 2025
Competitors
Partial/estimated — named peers in the Indian Banking-as-a-Service / embedded-finance / core-banking-API space (not verified via a dedicated competitor source, listed from general market knowledge):
- M2P Fintech — large scale, well-funded BaaS/API infra player
- Yap (Yalamanchili Software Exports) — mid scale, BaaS/prepaid card infra
- Zeta — large scale, core banking + credit card processing stack
- Setu (Pine Labs group) — mid-large scale, API infrastructure for banks/fintechs
- Decentro — small-mid scale, banking APIs for fintechs
- Finbox — small-mid scale, lending infrastructure/embedded credit
this list is not source-attributed to a competitor-intelligence provider and should be treated as directional, not confirmed.
Frequently Asked Questions
What does Iserveu Technology Private Limited do?
What is the CIN of Iserveu Technology Private Limited?
Where is Iserveu Technology Private Limited registered?
When was Iserveu Technology Private Limited incorporated?
Recur Market
Which lenders fit a company like Iserveu Technology Private Limited?
Answer a few questions about your business and see which banks and NBFCs match, with indicative rates.
Explore on Recur Club
More from Recur Club
Looking for business funding?
Recur Club is India's largest AI-native debt platform - working capital, term loans and structured debt from 150+ lending partners, without diluting equity.