Back to feeds

Applyly

Stealth • 4d

Mintifi reports Rs 92 Cr PAT on Rs 384 Cr revenue in FY24 The supply-chain financing startup Mintifi recorded impressive growth in operational revenue. Their revenue operations increased dramatically from Rs 223 crore to Rs 384. The company’s interest income from loans contributed eighty percent to total revenue. Subsequently, Mintifi generated substantial income through textile goods sales to distributors. The company further strengthened its position with Rs 17 crore interest earnings.Mintifi reports Rs 92 Cr PAT in FY24. Moreover, the combined revenue streams resulted in a total of Rs 401. These remarkable achievements showcase Mintifi’s strong market presence in supply chain financing. The founders have strategically positioned the company in the SME financing sector. Anup Agarwal, Ankit Mehta, and Sanjoy Shome established Mintifi in 2017. Their innovative approach has transformed last-mile distribution networks across various industries. The company provides comprehensive solutions for payments, invoicing, and SME financing needs. Additionally, Mintifi’s business model addresses crucial gaps in traditional banking services. The company maintains strong relationships with distributors and retailers nationwide through financing. Their deferred payment system has gained significant traction among small businesses. Furthermore, Mintifi’s technology platform seamlessly integrates with existing business operations systems.

3 replies1 like
1
Replies (3)

More like this

Recommendations from Medial

Image Description
Image Description

Harsh Dwivedi

 • 

Medial • 10m

Top news from today- 1. Neodocs bags $2M 2. Zomato posts 138 Cr profit PAT. 3. Infra.Market’s revenue scales to Rs. 11,846 Cr in FY23 up from Rs. 1240 Cr in 2021. 4. EV financing startup Vidyut raised $5M in series A. 5. DailyHunt’s parent Verse

See More
4 replies30 likes
Image Description

Shaswat Shah

Stealth • 2m

Groww’s stock broking unit post Rs 2,900 Cr revenue and Rs 298 Cr profit in FY24

6 replies10 likes
1

K

Stealth • 7m

New launches] ▪️ Upstox forays into insurance distribution [Financial results this week] ▪️ MamEarth-parent Honasa posts Rs 1,920 Cr revenue, Rs 110 Cr PAT in FY24 ▪️ Nykaa posts Rs 6,386 Cr revenue and Rs 40 Cr PAT in FY24 ▪️ Paytm revenue grow

See More
0 replies3 likes

Aura

Stealth • 2m

Kotak Mahindra Bank Q2 Results: PAT rises 5% YoY to Rs 3,344 cr; NII jumps 11%

0 replies4 likes

financialnews

Stealth • 2m

JSW Steel Q2 Results: 84% YoY Decline in PAT to Rs 439 Crore, Revenue Falls 11% JSW Steel Ltd Q2 Results: Net Profit Drops 84% YoY to Rs 439 Crore; Revenue Falls 11% to Rs 39,684 Crore. One-Time Charge of Rs 342 Crore Impacts Earnings; Operating EBI

See More
0 replies1 like

Shreyas Ramdasi

Stealth • 6m

Billionaire businessman Gautam Adani has increased his stake by 1.32% in Adani Enterprises from the open market in April to June quarter, a statement to stock exchanges stated on June 14.Adani Enterprises had reported a consolidated net profit of Rs

See More
0 replies5 likes
Image Description
Image Description

Harsh Dwivedi

 • 

Medial • 7m

Salaries of top Indian startup founders revealed.(Per annum) Zerodha Nikhil Kamath - ₹48 Cr - Revenue- ₹6,832.8 Cr | Profit of ₹2,908.9 Cr Zepto Aadit Palicha - ₹1.5 Cr - Revenue- ₹2,024.3 Cr | Loss of ₹1,272.4 Cr Zaggle Raj Narayanam - ₹1.02 Cr -

See More
87 replies233 likes
160
Image Description
Image Description

Chamarti Sreekar

Stealth • 1m

DMART REVENUE IN FY24-RS 49533 CR 365 Stores | Stores open 14 hours Rs 37L sales by each store per day Rs 44262 sales by each store every 10 minutes! Rs 2.7L sales by each store per hour Dmart is indeed the Retail King!

10 replies21 likes
3
Image Description
Image Description

Harsh Dwivedi

 • 

Medial • 10m

Top news of the day- 1. Astrotalk raised Rs. 160 Cr ($20M). 2. Amber raised Rs. 168 Cr ($21M). 3. Byju’s FY23 revenue is Rs. 6509 Cr. 4. Navi is seeking to raise Rs. 600 Cr. 5. D2C food brand Yu raised Rs. 20 6. EV manufacturer Corrit raises Rs. 5

See More
5 replies40 likes
2
Image Description
Image Description

Vaibhav Babruwan Shingde

Stealth • 7m

Zomato posts Rs 175 Cr PAT in Q4 FY24, revenue grows 8.3%. • I am very happy nowadays by seeing Our startups are going profitable such as OYO , Zomato and before Urban Company 🙌♥️. • It's great trend for VC's to invest in Indian Startups by provid

See More
20 replies17 likes
2

Download the medial app to read full posts, comements and news.