EMIS

12TH FLOOR 30 CROWN PLACE

London, EC2A 4EB, United Kingdom
www.emis.com

Business Report Generated on 24 April 2025

FINIQ CONSULTING INDIA PRIVATE

LIMITED

EMISid: 6158309
IN-CIN: U74140PN2008FTC132282

Legal Address
Siddharth Towers 1, Office 617, Sangam Press Road, Kothrud, Pune; Maharashtra; India;
Map
Postal Code: 411038
Tel: 02066034941
Email: [email protected]

Main Activities: Management Consulting Services

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 EMIS Business Report, Generated on 2025-04-24

Table of Contents
Table of Contents 2
Company Tear Sheet 3
Contact Information 3

NAICS Industry Classification 3

Business description 3

Key Executives 3

Ownership Details 3

Key Financial Highlights 3

Similar companies 4

Financial Statements 5
Annual Statements 5

Ratios 8

Disclaimer 11

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 EMIS Business Report, Generated on 2025-04-24

Company Tear Sheet - Contact Information

Full name: Finiq Consulting India Private Limited Legal Address

Siddharth Towers 1, Office 617, Sangam Press Road, Kothrud, Pune;

Status: Non-Listed Maharashtra; India;

Map

Legal Form: Public Limited Company Postal Code: 411038

Operational Status: Operational Tel: 02066034941

EMISid: 6158309 Email: [email protected]

IN-CIN: U74140PN2008FTC132282

Incorporation Date: 2008

Company Tear Sheet - NAICS Industry Classification

Main Activities: Management Consulting Services

(54161)

Company Tear Sheet - Business description

Company Description Main Products

Finiq Consulting India Private Limited is an unlisted company, incorporated on Other Professional Technical And Business Services
20/06/2008. It has its registered office in the State of PN, India. Company's

corporate identification number (CIN) is U74140PN2008FTC132282 and

registration number is 132282. The company is an information and

communication company, it is engaged in computer programming, consultancy

and related activities.

Company Tear Sheet - Key Executives

Gopal Yadavrao Kulkarni Promoter Director

Milind Gopal Kulkarni Promoter Director

Company Tear Sheet - Ownership Details

Finiq Consulting Pte Ltd 99.99%

Milind Gopal Kulkarni 0.01%

Company Tear Sheet - Key Financial Highlights

FISCAL PERIOD Y-2021 INDIV. Y-2022 INDIV. Y-2023 INDIV. Y-2024 INDIV.

Total operating revenue 973,797 1,107,758 1,267,277 1,439,728

Net sales revenue 961,627 1,091,282 1,247,987 1,403,918

Gross Profit Margin 0 0 0 0

Operating profit (EBIT) 170,984 197,495 232,935 277,830

Operating Profit Margin (ROS) 17.78% 18.10% 18.66% 19.79%

EBITDA 203,095 221,981 249,927 298,373

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FISCAL PERIOD Y-2021 INDIV. Y-2022 INDIV. Y-2023 INDIV. Y-2024 INDIV.

EBITDA Margin 21.12% 20.34% 20.03% 21.25%

Net Profit (Loss) for the Period 127,883 147,583 174,182 207,753

Net Profit Margin 13.30% 13.52% 13.96% 14.80%

Total assets 816,741 998,003 1,172,022 1,392,541

Current assets 591,067 699,808 842,740 1,061,844

Total liabilities 59,478 99,231 103,140 119,772

Net Debt -55,855 -168,781 -123,733 -124,410

Net cash flow from (used in)

8,646 158,980 201,694 151,112
operating activities

Bluevine Technologies Pvt. Bluevine Technologies Pvt. Bluevine Technologies Pvt. Bluevine Technologies Pvt.
Provider
Ltd Ltd Ltd Ltd

Note: data in INR Thousands.

Company Tear Sheet - Similar companies

Management Consulting Services

TOTAL OPERATING NET PROFIT RETURN ON RETURN ON EARNING PRICE
FISCAL
COMPANY OPERATING PROFIT (LOSS) FOR THE ASSETS (ROA) EQUITY (ROE) PER REFERENCE
YEAR
REVENUE (EBIT) PERIOD (%) (%) SHARE DATE

Adarsh Advisory Services

61,146,967 2,847,937 964,810 0.85 7.65 2024
Private Limited

Hinduja Group Limited 58,189,840 3,933,160 3,618,600 2.20 3.92 2024

Cbre South Asia Private

49,078,650 4,096,590 3,055,800 9.32 23.29 2023
Limited

Howe Engineering
Projects (India) Private 43,408,500 3,383,200 2,504,700 8.46 53.22 2024
Limited

Hindustan Ports Private

40,703,640 9,850,010 7,146,340 9.31 15.56 2024
Limited

Pricewaterhousecoopers
38,622,000 -531,300 -455,800 -1.75 -7.90 2024
Private Limited

Bharti Overseas Private

37,852,000 -48,149,000 -48,320,000 -7.24 -7.93 2024
Limited

The National Small

Industries Corporation 34,151,484 1,705,047 1,265,577 3.94 9.38 2024
Limited

The Boston Consulting

Group (India) Private 34,063,431 2,945,419 2,087,101 5.96 20.52 2023
Limited

Jindal India Powertech

33,833,311 7,859,984 5,618,489 7.50 11.44 2024
Limited

Note: data in INR Thousands.

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 EMIS Business Report, Generated on 2025-04-24

Financial Statements - Annual Statements - EMIS Global Template

Source:

REPORTING DETAILS

NAME 2020 2021 2022 2023 2024

Statement type Annual, Individual Annual, Individual Annual, Individual Annual, Individual Annual, Individual

Period end date 2020-03-31 2021-03-31 2022-03-31 2023-03-31 2024-03-31

Bluevine Bluevine Bluevine Bluevine

Bluevine
Provider Technologies Pvt. Technologies Pvt. Technologies Pvt. Technologies Pvt.
Technologies Pvt. Ltd
Ltd Ltd Ltd Ltd

Units Thousands INR Thousands INR Thousands INR Thousands INR Thousands INR

Income Statement

NAME 2020 2021 2022 2023 2024

Exchange rate used for currency

1.00 1.00 1.00 1.00 1.00
conversion (IFRS)

Total operating revenue 871,783.12 973,797.00 1,107,758.00 1,267,277.00 1,439,728.00

Net sales revenue 857,207.40 961,627.00 1,091,282.00 1,247,987.00 1,403,918.00

Administrative expenses -38,937.36 -45,145.00 -54,344.00 -67,324.00 -70,502.00

Employee benefit expense -486,974.91 -613,967.00 -710,946.00 -763,233.00 -858,969.00

Advertising costs 0.00 0.00 0.00 -1,230.00 -700.00

Tax and contributions 0.00 0.00 0.00 -323.00 -371.00

Other costs by nature -3,296.60 -4,379.68 -4,220.00 -4,073.00 -3,850.00

Depreciation, amortization and impairment

-34,778.24 -32,111.00 -24,486.00 -16,992.00 -20,543.00
charges

Net other operating result -134,407.71 -95,040.32 -99,791.00 -161,877.00 -171,153.00

Other operating income 14,575.72 12,170.00 16,476.00 19,290.00 35,810.00

Other operating expenses -148,983.42 -107,210.32 -116,267.00 -181,167.00 -206,963.00

Operating profit (EBIT) 158,812.58 170,984.00 197,495.00 232,935.00 277,830.00

EBITDA 193,590.82 203,095.00 221,981.00 249,927.00 298,373.00

Profit before income tax 158,812.58 170,984.00 197,495.00 232,935.00 277,830.00

Income tax -39,143.61 -43,101.00 -49,912.00 -58,753.00 -70,077.00

Profit after income tax 119,668.97 127,883.00 147,583.00 174,182.00 207,753.00

Net Profit (Loss) for the Period 119,668.97 127,883.00 147,583.00 174,182.00 207,753.00

Balance Sheet

NAME 2020 2021 2022 2023 2024

Exchange rate used for currency

1.00 1.00 1.00 1.00 1.00
conversion (IFRS)

Total assets 696,087.30 816,741.00 998,003.00 1,172,022.00 1,392,541.00

Non-current assets 237,367.84 225,674.00 298,195.00 329,282.00 330,697.00

Property, plant and equipment 208,791.91 204,700.00 249,974.00 280,199.00 314,139.00

Land and buildings 138,128.07 138,128.00 191,005.00 209,900.00 246,491.00

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Vehicles and machinery 4,032.44 10,721.00 10,721.00 16,150.00 16,150.00

Other property, plant and equipment 147,567.15 158,444.00 170,277.00 192,433.00 209,441.00

Construction in progress 0.00 41.00 30,451.00 32,305.00 0.00

Intangible assets and goodwill 17,653.61 7,258.00 3,229.00 2,728.00 2,321.00

Own developed computer software 17,653.61 7,258.00 3,229.00 2,728.00 2,321.00

Other non-current financial assets 10,922.32 13,675.00 14,541.00 14,050.00 14,237.00

Current assets 458,719.46 591,067.00 699,808.00 842,740.00 1,061,844.00

Trade and other receivables 0.00 111,000.00 129,855.00 107,993.00 154,299.00

Other current receivables 0.00 111,000.00 129,855.00 107,993.00 154,299.00

Short term financial assets 279,180.09 422,272.00 399,671.00 608,676.00 779,015.00

Other current financial assets 279,180.09 422,272.00 399,671.00 608,676.00 779,015.00

Cash and Cash Equivalents 178,433.27 55,855.00 168,781.00 123,733.00 124,410.00

Other current assets 1,106.10 1,940.00 1,501.00 2,338.00 4,120.00

Total equity and liabilities 696,087.30 816,741.00 998,003.00 1,172,022.00 1,392,541.00

Total equity 631,905.46 757,263.00 898,772.00 1,068,882.00 1,272,769.00

Equity attributable to owners of the parent 631,905.46 757,263.00 898,772.00 1,068,882.00 1,272,769.00

Issued capital 18,000.00 18,000.00 18,000.00 18,000.00 18,000.00

Revaluation reserve 613,905.46 739,263.00 880,772.00 1,050,882.00 1,254,769.00

Total liabilities 64,181.84 59,478.00 99,231.00 103,140.00 119,772.00

Non-current liabilities 5,577.75 4,608.00 5,300.00 8,000.00 10,718.00

Deferred revenue, accrued expenses

5,577.75 4,608.00 5,300.00 8,000.00 10,718.00
and other deferred non-current liabilities

Current liabilities 58,604.09 54,870.00 93,931.00 95,140.00 109,054.00

Trade and other payables 4,429.57 3,548.00 4,123.00 5,550.00 4,989.00

Provisions for other liabilities and

39,658.84 44,035.00 49,086.00 55,998.00 67,359.00
charges

Other current liabilities 14,515.67 7,287.00 40,722.00 33,592.00 36,706.00

Cash Flow Statement

NAME 2020 2021 2022 2023 2024

Exchange rate used for currency

1.00 1.00 1.00 1.00 1.00
conversion (IFRS)

Net cash flow from (used in) operating

201,341.66 8,646.00 158,980.00 201,694.00 151,112.00
activities

Net profit 158,812.58 170,984.00 197,495.00 232,935.00 277,830.00

Cash generated from operations 341,464.01 70,172.00 218,769.00 262,598.00 250,755.00

Adjustments for: Depreciation and

34,778.24 32,111.00 24,486.00 16,992.00 20,543.00
impairment of property, plant and equipment

Adjustments for: Other adjustments -6,959.61 -7,229.00 33,435.00 -7,130.00 3,114.00

Changes in: Trade and other receivables 166,011.10 -111,000.00 -18,855.00 21,862.00 -46,306.00

Changes in: Trade and other payables -7,881.69 -882.00 607.00 1,427.00 -561.00

Changes in: Other changes 0.00 0.00 0.00 -3,488.00 -3,865.00

Other operating activity cash flows -3,296.60 -13,812.00 -18,399.00 0.00 0.00

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Net cash flow from (used in) investing

-93,151.32 -131,224.00 -46,054.00 -246,742.00 -150,435.00
activities

Proceeds from sale of property, plant and

34,295.62 17,664.00 96,141.00 48,570.00 21,771.00
equipment

Interest received 9,658.11 11,287.00 12,324.00 20,505.00 34,360.00

Other investing activity cash flows -68,513.81 -124,847.00 37,763.00 -218,092.00 -163,024.00

Net increase (decrease) in cash and cash

108,190.34 -122,578.00 112,926.00 -45,048.00 677.00
equivalents

Cash at the beginning of the period 70,242.93 178,433.00 55,855.00 168,781.00 123,733.00

Cash at the end of the period 178,433.27 55,855.00 168,781.00 123,733.00 124,410.00

OTHER INFORMATION

NAME 2020 2021 2022 2023 2024

Statement type Annual, Individual Annual, Individual Annual, Individual Annual, Individual Annual, Individual

Begin date of reporting period 2019-04-01 2020-04-01 2021-04-01 2022-04-01 2023-04-01

Period end date 2020-03-31 2021-03-31 2022-03-31 2023-03-31 2024-03-31

Original units as reported 1 INR 1 INR 1 INR 1 INR 1 INR

Ministry of Corporate Ministry of Corporate Ministry of Corporate Ministry of Corporate Ministry of Corporate
Source
Affairs Affairs Affairs Affairs Affairs

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 EMIS Business Report, Generated on 2025-04-24

Financial Statements - Ratios

Source:

REPORTING DETAILS

NAME 2020 2021 2022 2023 2024

Statement type Annual, Individual Annual, Individual Annual, Individual Annual, Individual Annual, Individual

Period end date 2020-03-31 2021-03-31 2022-03-31 2023-03-31 2024-03-31

Bluevine Bluevine Bluevine Bluevine

Bluevine
Provider Technologies Pvt. Technologies Pvt. Technologies Pvt. Technologies Pvt.
Technologies Pvt. Ltd
Ltd Ltd Ltd Ltd

Units Thousands INR Thousands INR Thousands INR Thousands INR Thousands INR

Ratios

NAME 2020 2021 2022 2023 2024

Exchange rate used for currency

1.00 1.00 1.00 1.00 1.00
conversion (IFRS)

Profitability

Return on Assets (ROA) 17.19% 15.66% 14.79% 14.86% 14.92%

Annualised Return on Assets (ROA) 17.19% 15.66% 14.79% 14.86% 14.92%

Return on Equity (ROE) 18.94% 16.89% 16.42% 16.30% 16.32%

Annualised Return on Equity (ROE) 18.94% 16.89% 16.42% 16.30% 16.32%

Return on Capital Employed 24.91% 22.44% 21.85% 21.63% 21.65%

Net Profit Margin 13.96% 13.30% 13.52% 13.96% 14.80%

Gross Profit Margin 0.00% 0.00% 0.00% 0.00% 0.00%

Operating Profit Margin (ROS) 18.53% 17.78% 18.10% 18.66% 19.79%

EBITDA Margin 22.58% 21.12% 20.34% 20.03% 21.25%

Operating ROA 22.82% 20.93% 19.79% 19.87% 19.95%

Efficiency

Current Asset Turnover 1.87x 1.63x 1.56x 1.48x 1.32x

Non-current Asset Turnover 3.61x 4.26x 3.66x 3.79x 4.25x

Total Asset Turnover 1.23x 1.18x 1.09x 1.06x 1.01x

Working Capital Turnover 2.14x 1.79x 1.80x 1.67x 1.47x

Export Proportion 0.00% 0.00% 0.00% 0.00% 0.00%

Valuation Figures

BookValue (BV) 614,251.85 750,005.00 895,543.00 1,066,154.00 1,270,448.00

Net Cash 114,251.43 -3,623.00 69,550.00 20,593.00 4,638.00

Net Debt -178,433.27 -55,855.00 -168,781.00 -123,733.00 -124,410.00

Working Capital 400,115.37 536,197.00 605,877.00 747,600.00 952,790.00

Capital Employed 637,483.21 761,871.00 904,072.00 1,076,882.00 1,283,487.00

Liquidity
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Altman Z-Score 15.64 19.08 14.82 16.40 16.99

Current Ratio 7.83x 10.77x 7.45x 8.86x 9.74x

Quick Ratio 7.83x 10.77x 7.45x 8.86x 9.74x

Doom's Day Ratio 3.04x 1.02x 1.80x 1.30x 1.14x

Cash Ratio 3.04x 1.02x 1.80x 1.30x 1.14x

Operating Cash Flow Ratio 3.44x 0.16x 1.69x 2.12x 1.39x

Leverage

Debt to Total Assets Ratio 0.00% 0.00% 0.00% 0.00% 0.00%

Debt to Equity Ratio 0.00% 0.00% 0.00% 0.00% 0.00%

Long Term Debt to Capital Employed 0.00% 0.00% 0.00% 0.00% 0.00%

Assets to Equity Ratio 110.16% 107.85% 111.04% 109.65% 109.41%

Growth Trend

Net Sales Revenue Trend -18.18% 12.18% 13.48% 14.36% 12.49%

Total Operating Revenue Trend -17.24% 11.70% 13.76% 14.40% 13.61%

EBITDA Trend -53.61% 4.91% 9.30% 12.59% 19.38%

Operating Profit Trend -59.18% 7.66% 15.50% 17.94% 19.27%

Net Profit Trend -55.71% 6.86% 15.40% 18.02% 19.27%

Net Property, Plant and Equipment (PP&E)

5.22% -1.96% 22.12% 12.09% 12.11%
Trend

Total Assets Trend 3.58% 17.33% 22.19% 17.44% 18.82%

Bookvalue Trend 25.09% 22.10% 19.40% 19.05% 19.16%

Shareholders' Equity Trend 22.57% 19.84% 18.69% 18.93% 19.07%

Operating Cash Flow Trend -5.33% -95.71% 1,738.77% 26.87% -25.08%

Performance

Operating Cash Flow to Revenue 23.49% 0.90% 14.57% 16.16% 10.76%

Operating Cash Flow to Assets 28.92% 1.06% 15.93% 17.21% 10.85%

Operating Cash Flow to Equity 31.86% 1.14% 17.69% 18.87% 11.87%

Operating Cash Flow to EBIT 126.78% 5.06% 80.50% 86.59% 54.39%

Common-size Ratios

Cash to Total Assets 25.63% 6.84% 16.91% 10.56% 8.93%

Trade Receivables to Total Assets 0.00% 0.00% 0.00% 0.00% 0.00%

Inventories to Total Assets 0.00% 0.00% 0.00% 0.00% 0.00%

Fixed Assets to Total Assets 30.00% 25.06% 25.05% 23.91% 22.56%

Current Liabilities to Total Liabilities 91.31% 92.25% 94.66% 92.24% 91.05%

Salaries and Employee Benefits/Net sales 56.81% 63.85% 65.15% 61.16% 61.18%

Administrative Expenses/Net Sales 4.54% 4.69% 4.98% 5.39% 5.02%

Depreciation and Amortization/Net sales 4.06% 3.34% 2.24% 1.36% 1.46%

Interest paid/Net sales 0.00% 0.00% 0.00% 0.00% 0.00%

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 EMIS Business Report, Generated on 2025-04-24

Income tax/Net sales 4.57% 4.48% 4.57% 4.71% 4.99%

Operating Cash Flow to Total Cash Flow 186.10% -7.05% 140.78% -447.73% 22,320.83%

Investing Cash Flow to Total Cash Flow -86.10% 107.05% -40.78% 547.73% -22,220.83%

Financing Cash Flow to Total Cash Flow 0.00% 0.00% 0.00% 0.00% 0.00%

OTHER INFORMATION

NAME 2020 2021 2022 2023 2024

all ratios calculated by emis

Statement type Annual, Individual Annual, Individual Annual, Individual Annual, Individual Annual, Individual

Begin date of reporting period 2019-04-01 2020-04-01 2021-04-01 2022-04-01 2023-04-01

Period end date 2020-03-31 2021-03-31 2022-03-31 2023-03-31 2024-03-31

Original units as reported 1 INR 1 INR 1 INR 1 INR 1 INR

Ministry of Corporate Ministry of Corporate Ministry of Corporate Ministry of Corporate Ministry of Corporate
Source
Affairs Affairs Affairs Affairs Affairs

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 EMIS Business Report, Generated on 2025-04-24

Disclaimer

Whilst EMIS attempts at all times to ensure the accuracy and reliability of the information it provides, due to the vast quantity of processed data and the fact that
some of the third-party data cannot always be verified including information provided directly by the subject of the enquiry, EMIS does not guarantee the correctness
or the effective delivery of the information and shall not be held responsible for any errors or omissions therein.

The content and recommendations shall only be used as a reference in business decisions of EMIS clients and shall not be used for any other purposes. EMIS and
its affiliates shall not be held liable for any loss of the clients arising out of its own business decisions whether or not the making of such decision has been referred
to this content/recommendation.

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