Company Intelligence Profile
Zolve Innovations Private Limited
Zolve gives Indian immigrants and international students U.S. bank accounts and credit cards using their home-country credit history.
Last updated 28 October 2026
Zolve Innovations Private Limited is the India entity of Zolve, a cross-border neobank that offers U.S. bank accounts, cards, loans and money transfer to Indian immigrants and international students. It was incorporated on 22 December 2020 and is based in Bengaluru, Karnataka. For FY2024-25 it reported revenue of ₹54.63 Cr. It has one open charge of ₹50 Cr. Its parent company, Zolve Innovations Inc. (USA), raised a $251M Series B in March 2025.
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Company Identity
| Registered name | Zolve Innovations Private Limited |
|---|---|
| CIN | U72900KA2020PTC142465 |
| PAN | AABCZ6567B |
| Status | Active |
| Listing | Unlisted |
| Incorporated | 22 December 2020 |
| ROC | Registrar of Companies, Bangalore/Karnataka |
| Sector (NIC) | Fintech |
| Registered address | Campus 31, 4th Floor, The Retail Street, RMZ Ecoworld Rd, Adarsh Palm Retreat, Bellandur, Bangalore South, Karnataka, India - 560103 |
| Authorized capital | ₹15,00,000 (₹15 Lakh) |
| Paid-up capital | ₹1,00,000 (₹1 Lakh) |
Source: MCA records via tofler.in, thecompanycheck.com
Business Overview
- Zolve Innovations Private Limited is the India entity of Zolve, a cross-border neobank.
- Zolve offers U.S. checking accounts, credit and debit cards, loans, insurance and money transfer.
- It serves Indian immigrants and international students moving to the U.S., without needing a U.S. SSN.
- The company was incorporated on 22 December 2020 and is based in Bengaluru, Karnataka.
Source: zolve.com
Directors
| Name | DIN | Role | Appointed |
|---|---|---|---|
| Raghunandan Gangappa | 03356963 | Director | 22 Dec 2020 |
| Shilpa Balkur Udupa | 07707131 | Director | 22 Dec 2020 |
Source: MCA records via tofler.in, thecompanycheck.com
GST Registration
| GSTIN | State | PAN | Status |
|---|---|---|---|
| 29AABCZ6567B1Z2 | Karnataka | AABCZ6567B | Active |
Source: GST registry via piceapp.com
Financials
- Revenue ₹54.63 Cr
Source: MCA records via tofler.in, thecompanycheck.com
Funding
| Series B | $251M raised by parent company Zolve Innovations Inc. (USA), March 2025 |
|---|---|
| Series A | $40M raised by parent company Zolve Innovations Inc. (USA), October 2021 |
Charges & Borrowings
- Open charge: ₹50 Cr, created 21 Nov 2023, held by Axis Trustee Services Limited
Source: MCA records via tofler.in, thecompanycheck.com
Competitors
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