Mitraz Financial Services Pvt. Ltd.
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Mitraz Financial Services Pvt. Ltd. - overview
Established
2010
Location
Bangalore, KA, India
Primary Industry
Financial Services
About
Mitraz Financial Services Pvt. Ltd. is a fee-based investment advisory firm, specializing in personalized wealth management solutions tailored to individual client needs in India. Established in 2010 and headquartered in Bangalore, India, Mitraz Financial Services Pvt.
Ltd. operates as an independent investment advisory firm. The company has engaged in eight distinct deals, with its most recent funding round taking place in December 2020, where it was acquired by Scripbox. com India Private Limited.
The founders, Anup Bansal and Varun Girilal, have contributed their expertise to build a robust advisory platform. The company has raised a total of INR 14. 450 mn in funding, with a current valuation of INR 310. 250 mn.
Mitraz Financial Services Pvt. Ltd. focuses on providing personalized wealth management services, utilizing automated investment management solutions that combine human expertise with scientific methodologies. Their offerings are designed to help clients achieve their financial objectives by providing strategic advice and empathetic support, catering to both high-net-worth individuals and institutional investors across various sectors in India, with aspirations for international outreach.
In 2023, Mitraz Financial Services Pvt. Ltd. reported a revenue of INR 622,171. 80 and an EBITDA of INR -19,387.
60, indicating the company's current financial performance under its fee-based advisory model. Following the acquisition by Scripbox in December 2020, Mitraz Financial Services Pvt. Ltd. plans to enhance its service offerings and expand into new geographic markets.
The company aims to launch new products that cater to evolving client needs, although specific product details and release dates remain undisclosed. The recent funding will be strategically utilized to bolster these initiatives and support the expansion of their client base, with a focus on penetrating additional metropolitan areas in India and exploring potential international markets.
Current Investors
Trusted Insight, Inc., Scripbox Advisors Private Limited
Primary Industry
Financial Services
Sub Industries
Accounting Services
Website
www.mitraz.financial
Verticals
FinTech
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Mitraz Financial Services Pvt. Ltd. - timeline of key events
Mitraz Financial Services Pvt. Ltd. - financials
| Fiscal Year Ended | Mar 31, 2011 | Mar 31, 2012 | Mar 31, 2013 | Mar 31, 2014 | Mar 31, 2015 | Mar 31, 2016 | Mar 31, 2017 | Mar 31, 2018 | Mar 31, 2019 | Mar 31, 2020 | Mar 31, 2021 | Mar 31, 2022 | Mar 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | - | 802,381 | 2,559,362 | 3,750,092 | 12,573,325 | 11,052,530 | 22,229,582 | 18,805,307 | 30,891,762 | 33,110,520 | - | - | - |
| % Revenue Growth (YoY) | - | - | 219.0% | 46.5% | 235.3% | (12.1%) | 101.1% | (15.4%) | 64.3% | 7.2% | - | - | - |
| EBITDA (USD) | (827,930) | (2,901,952) | (1,537,878) | (2,830,024) | 2,659,709 | (4,233,916) | 2,183,661 | (11,813,793) | (15,080,802) | (20,895,662) | - | - | - |
| Operating Income (USD) | (839,033) | (2,957,838) | (1,599,991) | (2,896,942) | 2,484,746 | (4,425,609) | 1,593,726 | (12,595,069) | (16,105,821) | (21,988,211) | - | - | - |
| Operating Margin | - | (368.6%) | (62.5%) | (77.2%) | 19.8% | (40.0%) | 7.2% | (67.0%) | (52.1%) | (66.4%) | - | - | - |
| % EBITDA Margin | - | (361.7%) | (60.1%) | (75.5%) | 21.2% | (38.3%) | 9.8% | (62.8%) | (48.8%) | (63.1%) | - | - | - |
| NET Income (USD) | (844,033) | (2,832,949) | (1,351,277) | (2,644,342) | 2,079,826 | (4,187,596) | 1,362,310 | (12,164,696) | (14,812,938) | (22,282,563) | - | - | - |
| % Net Margin | - | (353.1%) | (52.8%) | (70.5%) | 16.5% | (37.9%) | 6.1% | (64.7%) | (48.0%) | (67.3%) | - | - | - |
Mitraz Financial Services Pvt. Ltd. - employee data
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