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.
Vijya Fintech Private Limited, based in Surat, operates the MIDASX platform, serving as a digital wealth-management infrastructure for financial professionals. Incorporated in March 2022, this DPIIT-recognized startup has demonstrated substantial growth, with a 57% revenue increase in FY2024, albeit operating at a net loss. With no registered charges or borrowings, the company remains unrated by major credit agencies and free from legal disputes as of 2026.
AI-generated, may contain errors.
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, TheCompanyCheck, incorporated March 2022, based in Surat, Gujarat.
- Source: company website, vijyafintech.com, Tofler, TheCompanyCheck.
Sector & Classification
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)
Directors & Key Management
Directors — source notes
Confirmed by two independent sources (Tofler, TheCompanyCheck) with matching DINs: 1. Rajesh Paresh Soni — DIN 02714202 (director since incorporation, 07 Mar 2022) 2. Pareshkumar Ishwarlal Paladiya — DIN 09689922 (appointed 29 Jul 2022, per TheCompanyCheck) 3. Aakash Kishan Bansal — DIN 08556497 (director since incorporation, 07 Mar 2022) No resignations/other historical directors surfaced in the sources checked.
GST Registrations
Not obtained. No GSTIN for Vijya Fintech Private Limited could be located via KnowYourGST or FindGST (both queries returned server errors/no data) or via the CIN-registry sources fetched. PAN AAICV5926B is confirmed (Tofler) but the associated GSTIN(s), home state count, and registration status are not obtained — do not infer a GSTIN.
Financials
VIJYA FINTECH PRIVATE LIMITED reported a revenue of ₹3.07 Cr for FY2024, marking a 57% YoY increase. Despite revenue growth, the company remains loss-making with a net profit margin of -38.95% and a ROE of -13.86%. Assets grew by 68.2%, while borrowings increased by 24.18%.
AI-generated, may contain errors.
- FY2024, 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.
Funding History
- Not obtained / none found.
- No funding-round coverage located on Entrackr or Inc42 search pages for "Vijya Fintech" or "Midasx", both returned no matching articles.
- Given the DPIIT-recognised-startup tag and small paid-up capital, funding history, if any, e.g. seed/angel, could not be confirmed from any source checked.
Loans & Charges
- 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".
Credit Ratings
- None found. No CRISIL/ICRA/CARE rating located for this entity in any source checked, expected for a small, unlisted, recently-incorporated private company with no registered charges/borrowings from banks/NBFCs requiring a public rating.
Legal & Compliance
- None found. Indian Kanoon search for "Vijya Fintech" and "Vijya Fintech Private Limited" returned "No matching results" — no court cases, judgments, or litigation located.
Competitive Landscape
- 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?
Vijya Fintech Private Limited is a Surat-based, DPIIT-recognised fintech startup operating the "MIDASX" wealthtech platform, which is an all-in-one digital wealth-management infrastructure for wealth managers and mutual fund distributors.
When was Vijya Fintech Private Limited incorporated?
Vijya Fintech Private Limited was incorporated on 07 March 2022.
What is the CIN of Vijya Fintech Private Limited?
The Corporate Identification Number (CIN) of Vijya Fintech Private Limited is U74999GJ2022PTC129878.
Where is the registered office of Vijya Fintech Private Limited located?
The registered office of Vijya Fintech Private Limited is located at Shop No. 303, Western Shivalik, Near Shali Gram Appartment, L P Savani Main Road, Adajan, Adajan Dn, Surat, Surat City, Gujarat, India, 395009.
Information compiled from public registry and secondary sources. It may be incomplete or dated; verify independently before relying on it.