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India Innovation Incorporation Private Limited

Raipur-based fintech (brands Falcon, Kite Cash, Kite) offering digital payments and embedded-finance solutions; FY24 revenue ~Rs 94 Cr, DPIIT-recognised startup.

Active (Tofler last updated 11 May 2026); Active Compliant per TheCompanyCheckUnlisted (private limited company)RoC-Chhattisgarh (Raipur)
AI Overview Generating…

India Innovation Incorporation Private Limited is a Raipur-based fintech company specializing in digital payment solutions and embedded finance through its brands Falcon, Kite Cash, and Kite. Recognized as a DPIIT startup, it reported approximately Rs 94.16 crore in revenue for FY2024, with a net profit margin of 13.82%. The company has around 47 employees and maintains active compliance with regulatory standards.

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Business Overview

  • Fintech company providing digital payment solutions and embedded finance, operating through brands Falcon, fintech/embedded-finance platform, Kite Cash (digital wallet) and Kite, expense management.
  • DPIIT-recognised startup. ~47 employees as of April 2024, source: TheCompanyCheck.

Sector & Classification

Financial and insurance services / other financial activities (NIC section K, group ~K8); digital payments & fintech (source: TheCompanyCheck)

Directors & Key Management

Prabhtej Singh Bhatia
Director · DIN 02901462
Priyanka Kanwar
Director · DIN 05358113
Directors — source notes

Prabhtej Singh Bhatia — DIN 02901462 — Director (long tenure, founder). Priyanka Kanwar — DIN 05358113 — Director. Amit Gujral — DIN 02177858 — Nominee Director (appointed ~Feb 2025 per TheCompanyCheck). Sources: Tofler (DINs), TheCompanyCheck. Confirmed by 2 sources.

GST Registrations

Not obtained. PAN is AADCI1136R (home state Chhattisgarh, state code 22) so any GST registration would begin 22AADCI1136R; specific GSTIN, number of registrations and status could not be retrieved (knowyourgst PAN page returned 404). Do not assume.

Financials

AI Overview Generating…

India Innovation Incorporation Private Limited reported standalone operating revenue of Rs 94.16 Cr for FY2023-24, indicating a 122% year-on-year growth. The company's operating margin was 10.24%, with a net profit margin of 13.82%. Borrowings grew by 20.68%, and assets by 29.14%.

AI-generated, may contain errors.

  • FY2023-24 (FY24), standalone, aggregator-reported, not from audited PDF: Operating revenue Rs 94.16 Cr, ~122% / 121.51% YoY growth, Tofler and TheCompanyCheck agree. Operating margin 10.24%
  • Net profit margin 13.82% (Tofler) — implies PAT roughly Rs 13 Cr, DERIVED, not directly reported; treat as approximate.
  • Borrowings growth 20.68%, assets growth 29.14% (Tofler).
  • Absolute EBITDA, PAT, net worth and total borrowings not directly disclosed — "not obtained".
  • TheCompanyCheck alternately shows operating revenue in a Rs 75-100 Cr band, consistent with the Rs 94.16 Cr figure.
  • Standalone vs consolidated not specified by sources
  • Presumed standalone.

Funding History

  • None found in accessible sources. No named funding rounds, investors or valuation retrieved, Entrackr and Inc42 searches returned no matching articles; web search budget exhausted. Company is DPIIT-recognised startup. Do not treat as confirmed either way.

Loans & Charges

  • One open charge: Small Industries Development Bank of India (SIDBI) — Rs 10.0 Cr — created/modified 11 December 2024. Sources: Tofler, TheCompanyCheck, 2-source agreement.

Competitive Landscape

  • Embedded-finance / fintech-infrastructure & digital-payments peers: M2P Fintech (large, funded), Decentro (mid), Setu, acquired by Pine Labs, mid, Zwitch/Open (mid-large), Cashfree Payments (large), Razorpay (large).
  • Note: TheCompanyCheck lists broad payment peers, Paytm, PhonePe, Razorpay, PayU, — those are much larger consumer-payment players
  • The infra/embedded-finance names above are closer in scale/model.

Frequently Asked Questions

What does India Innovation Incorporation Private Limited do?

India Innovation Incorporation Private Limited is a Raipur-based fintech company offering digital payments and embedded-finance solutions through brands like Falcon, Kite Cash, and Kite. It is a DPIIT-recognised startup.

What is the CIN of India Innovation Incorporation Private Limited?

The CIN of India Innovation Incorporation Private Limited is U74220CT2012PTC000633.

When was India Innovation Incorporation Private Limited incorporated?

India Innovation Incorporation Private Limited was incorporated in the year 2012.

Where is the registered office of India Innovation Incorporation Private Limited located?

The registered office of India Innovation Incorporation Private Limited is located at 35/75, Punjabi Colony, Katora Talab, Raipur, Chhattisgarh, India, 492001.

Sources

Tofler (company page + charges): registered name, status, incorporation, RoC, capital, directors+DINs, financials/margins, charges. TheCompanyCheck (company page): PAN, business overview, sector/NIC, financials, employees, related entities, charges, brands. Indian Kanoon: legal (none found). Entrackr & Inc42 searches: funding (none found). knowyourgst: GSTIN attempt (404).

Information compiled from public registry and secondary sources. It may be incomplete or dated; verify independently before relying on it.