Company Intelligence Profile
Vijya Fintech Private Limited
Vijya Fintech Private Limited is a Surat-based, DPIIT-recognised fintech startup (incorporated Mar 2022) operating the "MIDASX" wealthtech platform — an all-in-one digital wealth-management infrastructure for wealth managers and mutual fund distributors.
Last updated 6 August 2026
Vijya Fintech Private Limited, based in Surat, operates the MIDASX platform, offering digital wealth management infrastructure for wealth managers and mutual fund distributors. The company reported a revenue of ₹3.07 Cr with a 57% year-over-year growth in FY2024. Despite being a recognized startup, it is currently loss-making at the net level.
AI-generated summary from public filings and may contain errors. Verify against the detailed sections below.
See what AICA knows about Vijya Fintech
Deeper analysis, financial signals and peer comparisons.
Company Identity
| Registered name | Vijya Fintech Private Limited |
|---|---|
| CIN | U74999GJ2022PTC129878 |
| PAN | AAICV5926B |
| Status | Active |
| Listing | Not listed (unlisted private limited company) |
| Incorporated | 07 March 2022 |
| ROC | RoC-Ahmedabad, Gujarat |
| Sector (NIC) |
|
| Registered address | Shop No. 303, Western Shivalik, Near Shali Gram Appartment, L P Savani Main Road, Adajan, Adajan Dn, Surat, Surat City, Gujarat, India – 395009 |
| Authorized capital | ₹10,00,000 (₹10 lakh) — confirmed by 3 sources |
| Paid-up capital | ₹7.51 lakh / ₹7.5 lakh vs ₹7.88 lakh. Likely reflects different as-of dates/FY snapshots — treat as ~₹7.5–7.9 lakh, not independently confirmed to one exact figure |
Business Overview
- Vijya Fintech Private Limited is the legal entity operating under the consumer/product brand "MIDASX" (site vijyafintech.com serves the MIDASX-branded product; contact@vijyafintech.com is the company's listed email across registries)
- Per the company's own site: "MIDASX — One Intelligent WealthTech Platform," described as an "all-in-one digital wealth management infrastructure for serious financial intermediaries, wealth managers, and mutual fund distributors (MFDs)." It is a DPIIT-recognised startup, ~14 employees as of April 2024, incorporated March 2022, based in Surat, Gujarat
- Source: company website (vijyafintech.com), Tofler, TheCompanyCheck
Directors
| Name | DIN | Role | Appointed |
|---|---|---|---|
| Rajesh Paresh Soni | 02714202 | - | 07 Mar 2022 |
| Pareshkumar Ishwarlal Paladiya | 09689922 | - | 29 Jul 2022 |
| Aakash Kishan Bansal | 08556497 | - | 07 Mar 2022 |
Financials
FY2024:
| Revenue | ₹3.07 Cr (+57% YoY) |
|---|---|
| EBITDA / Net Profit (PAT) | locked behind paywall — not obtained as absolute figures |
Tofler (ratio view, same FY) corroborates growth direction: Revenue growth 56.62% YoY, Net Worth growth +61.82%, Borrowings growth +24.18%, Assets growth +68.2%. Profitability ratios from Tofler: Gross Margin 6.77%, Operating Margin -11.2%, Net Profit Margin -38.95%, ROE -13.86%, ROCE 47.89%, Debt-to-Equity -0.17 — these imply the company is currently loss-making at the net level, but exact PAT in rupee terms is not obtained (paywalled). Standalone financials (no indication of a consolidated group filing). Two-source agreement on revenue growth rate = confirmed; absolute PAT/EBITDA = not obtained.
Charges
No registered charges/loans with the RoC — confirmed by two independent sources.
Competitors
Not sourced from a named competitor list (none found in the registry sources); based on sector classification (wealthtech / MFD-and-wealth-manager SaaS infrastructure), plausible peers by general market knowledge — flagged as knowledge-based, not independently source-confirmed for this specific company:
- AssetPlus — MFD-focused wealth platform, similar/slightly larger scale
- Wealth Elite (by Finflo) — established MFD/RIA software provider, larger/more mature
- Fintso — B2B wealth-distribution infrastructure, comparable early-stage scale
- Dezerv — wealth management platform, larger funded scale
- Wealthy.in — wealth-tech platform for advisors/MFDs, larger scale
- INDmoney — much larger, broader consumer wealth app (scale mismatch, listed only as a directional reference)
Frequently Asked Questions
What does Vijya Fintech Private Limited do?
What is the CIN of Vijya Fintech Private Limited?
Where is Vijya Fintech Private Limited registered?
When was Vijya Fintech Private Limited incorporated?
Recur Market
Which lenders fit a company like Vijya Fintech 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.