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.
AI-generated summary from public filings and may contain errors. Verify against the detailed sections below.
Company Identity
Confirmed| Registered name | Vijya Fintech Private Limited |
|---|---|
| CIN | U74999GJ2022PTC129878 |
| PAN | AAICV5926B (source: Tofler) |
| Status | Active |
| Listing | Not listed (unlisted private limited company) |
| Incorporated | 07 March 2022 (confirmed — Tofler + TheCompanyCheck) |
| ROC | RoC-Ahmedabad, Gujarat (both sources agree on Gujarat jurisdiction; TheCompanyCheck names the office "Ahmedabad", the RoC office that administers Gujarat-registered companies) |
| Sector (NIC) | Sector: Internet / Online Financial Services (fintech / wealthtech infrastructure). NIC activity code listed by TheCompanyCheck as "J2 — Publishing of computer operating systems, system software, application software, games, etc." (software/SaaS classification, consistent with the company operating a B2B wealthtech platform) |
| 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 (confirmed, Tofler + TheCompanyCheck) |
| Authorized capital | ₹10,00,000 (₹10 lakh) — confirmed by 3 sources (Tofler, TheCompanyCheck, Tofler-financials page) |
| Paid-up capital | Reported inconsistently across sources: ₹7.51 lakh (Tofler) / ₹7.5 lakh (Tofler first pull) vs ₹7.88 lakh (TheCompanyCheck). Likely reflects different as-of dates/FY snapshots — treat as ~₹7.5–7.9 lakh, not independently confirmed to one exact figure (partial/conflict noted) |
Business Overview
Confirmed- 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 (TheCompanyCheck), incorporated March 2022, based in Surat, Gujarat
- Source: company website (vijyafintech.com), Tofler, TheCompanyCheck
Directors
Confirmed| Name | DIN | Role | Appointed |
|---|---|---|---|
| Rajesh Paresh Soni | 02714202 | - | - |
| Pareshkumar Ishwarlal Paladiya | 09689922 | - | 29 Jul 2022 |
| Aakash Kishan Bansal | 08556497 | - | - |
Financials
Partial / conflictingFY2024 (per TheCompanyCheck, citing MCA-filed financials):
| 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 (consistent with TheCompanyCheck's 57%), 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
Confirmed- No registered charges/loans with the RoC — confirmed by two independent sources (TheCompanyCheck: "does not have any charges (loans) registered with the Registrar of Companies"
- Tofler: "Charges: No registered charges on assets")
Competitors
Partial / conflictingNot 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
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