COMPANY INTELLIGENCE PROFILE
FCAP TECHNOLOGIES PRIVATE LIMITED
FCAP Technologies Private Limited is the legal entity operating the consumer/SME-facing fintech brand "BharatNXT" (web.bharatnxt.in), a B2B payments platform that lets SMEs pay vendors, rent, utility bills and GST dues using credit cards with extended payment windows (45-60 days), earning a service fee for routing the credit-card-funded payment to the supplier's bank account.
FCAP Technologies Private Limited operates the fintech brand BharatNXT, a B2B payments platform facilitating credit card usage for SMEs to pay vendors and bills, earning service fees. In FY2025, the company reported ₹99.78 crore in revenue, up 54% from the previous year. They have raised approximately $3.43 million from various investors, including a $1.2 million seed round in 2022. No litigation history is found for this company.
AI-generated, may contain errors.
Business Overview
- FCAP Technologies Private Limited is the legal entity operating the consumer/SME-facing fintech brand "BharatNXT", web.bharatnxt.in, a B2B payments platform that lets SMEs pay vendors, rent, utility bills and GST dues using credit cards with extended payment windows (45-60 days), earning a service fee for routing the credit-card-funded payment to the supplier's bank account.
- Per Forbes India, the founders, Akshat Birla and Aljo Joseph, earlier built "Finovate Capital", a supply-chain financing platform, under the same corporate entity, before pivoting to the BharatNXT product in May 2022 — Finovate Capital and BharatNXT are both brands of this one company, not separate group entities.
- As of the 2023 reporting cited by Forbes India, BharatNXT had 5 lakh+ app downloads and ~1.2 lakh monthly transactions
- Team size was reported at 41 employees (Aug 2025) / 22 EPFO-registered employees (Mar 2024) by Falconebiz. FY2025, year ended 31 Mar 2025, revenue is reported at ~₹99.78 crore, up 54% YoY, Falconebiz, TheCompanyCheck — both agree, confirmed.
Sector & Classification
Information & Communication — "Other IT design and development services for applications n.e.c." / "Other computer related activities" (NIC/CIN prefix U72900). Business is fintech/B2B payments in practice (see overview).
Directors & Key Management
Directors — source notes
1. Akshat Birla — DIN 08276732 — Director, appointed 12 Nov 2018 (also CEO per Forbes India). 2. Aljo Johnson Joseph (also rendered "Aljo Joseph Johnson") — DIN 07955302 — Additional Director; appointment date shown variably as 1 Feb 2020 (Falconebiz-detail) or 30 Jan 2021 (Falconebiz-summary/TheCompanyCheck) — minor date conflict between sources, not otherwise material. Both DINs corroborated by 2 sources (Tofler + Falconebiz) — confirmed. No other directors found.
GST Registrations
Primary GSTIN: 27AADCF5593K1Z5 (Maharashtra) — Legal name FCAP Technologies Private Limited; registered 26 Dec 2018; taxpayer type Regular; status Active; jurisdiction Mumbai Suburban, Maharashtra; principal place of business R City Offices, Ghatkopar West, Mumbai 400086 (Masters India GST search, corroborated by piceapp.com — confirmed). PAN embedded in GSTIN (AADCF5593K) matches Tofler's PAN — confirmed. Only one GSTIN registration identified (home state Maharashtra); no other state GSTINs were found in the sources checked, so multi-state registration count is "not obtained" beyond this one.
Financials
In FY2025, FCAP Technologies Private Limited achieved a revenue of ₹99.78 Cr, marking a 54% year-over-year growth. Total borrowings amounted to ₹2.5 Cr. Financial specifics like EBITDA and PAT are undisclosed.
AI-generated, may contain errors.
| FY2025, year ended 31 Mar 2025 | Revenue ~₹50-100 Cr band, specifically cited as ₹99.78 Cr with 54% YoY growth, Falconebiz and TheCompanyCheck agree — confirmed. |
| EBITDA and PAT | locked behind paywall on both sources — "not obtained". |
| Net worth | not obtained. |
| Total borrowings | ₹2.5 Cr, see charges below. |
| Standalone vs consolidated not explicitly stated by sources, but no subsidiaries were identified, so figures are presumed standalone. | |
| Last balance sheet date | 31 Mar 2025 |
| Last AGM | 30 Sept 2025, Falconebiz, TheCompanyCheck. |
Funding History
- BharatNXT, the operating brand of this entity, has raised a total of ~$3.43M across 6 rounds from a reported 78 investors, Tracxn, via WebSearch synthesis — partial, not independently re-verified on Tracxn directly.
- Seed round (2022): $1.2M from Keiretsu Forum, Spiral Ventures, IPV, and Panthera Peak Capital.
- Other cited investors/angels: Singularity Ventures, Ravi Sud, ex-CFO, Hero MotoCorp, Naresh Naik (IREP Capital), Sid Shanker, ex-Deliveroo Singapore GM, and ~64 angel investors including Pankaj Mehta, Forbes India, YourStory/Tracxn snippets.
- No priced Series A/B or unicorn-round names found.
- Treat round-name/investor list as partial confidence, single-source aggregation, Tracxn-derived.
Loans & Charges
| Charge holder | Amount | Details |
|---|---|---|
| one open charge of | ₹2.5 Cr | registered 28 March 2025 |
| One satisfied charge of | ₹1 Cr | satisfied 25 January 2024 |
- Per Falconebiz and TheCompanyCheck, 2 sources, confirmed: chargeholder recorded only as "Others"
- Total open borrowings ≈ ₹2.5 Cr. Chargeholder identity/lender name not disclosed in accessible content — not obtained
Competitive Landscape
- SME/B2B card-payment space: EnKash, corporate cards/expense management, larger enterprise-skewed scale, Volopay, corporate cards + expense management, SEA/India, PayMate, enterprise B2B payments, listed on NSE — larger scale, NeoGrowth, SME lending/fintech, larger AUM, Credilio, fintech distribution.
- Adjacent but more retail/enterprise-skewed per Forbes India: Cred, RedGiraffe, Paymatrix, credit-card rent/bill payment for individuals/enterprises rather than SME-specific.
- BharatNXT/FCAP is described in its own marketing as the sole platform purpose-built for SME B2B card payments, a smaller, earlier-stage player, ~₹100 Cr revenue, versus the largercap peers listed.
Frequently Asked Questions
What does FCAP Technologies Private Limited do?
FCAP Technologies Private Limited operates under the fintech brand "BharatNXT," a B2B payments platform that allows SMEs to pay vendors, rent, utility bills, and GST dues using credit cards, offering extended payment windows and earning a service fee for the transactions.
What is the CIN of FCAP Technologies Private Limited?
The Corporate Identification Number (CIN) of FCAP Technologies Private Limited is U72900HR2018PTC076851.
What is the GSTIN of FCAP Technologies Private Limited?
The primary GSTIN for FCAP Technologies Private Limited is 27AADCF5593K1Z5, registered in Maharashtra.
When was FCAP Technologies Private Limited incorporated?
FCAP Technologies Private Limited was incorporated on December 26, 2018.
Where is the registered office of FCAP Technologies Private Limited?
The current registered office of FCAP Technologies Private Limited is located at Awfis Building, 10th Floor, R City Offices, Adjoining R City Mall, Lal Bahadur Shastri Marg, Ghatkopar West, Mumbai, Maharashtra - 400086.
Sources
Tofler (tofler.in) — identity, PAN, directors/DINs, capital, address (Haryana CIN); Falconebiz (falconebiz.com) — current CIN, address, directors, financials, charges, associated brands, DPIIT status; TheCompanyCheck (thecompanycheck.com) — corroborating identity/financials/charges; Masters India GST Search (mastersindia.co) and piceapp.com — GSTIN 27AADCF5593K1Z5 details; Forbes India — business model, founders, funding history, competitors; web.bharatnxt.in (site HTML/schema.org JSON-LD) — official logo URL and site identity; WebSearch aggregation of Tracxn/YourStory snippets — funding round figures (lower confidence, single-source aggregation); WebSearch for IndiaKanoon — no litigation found.
Information compiled from public registry and secondary sources. It may be incomplete or dated; verify independently before relying on it.