COMPANY INTELLIGENCE PROFILE
KAVACH FINANCIAL SERVICES PRIVATE LIMITED
Kavach Financial Services Private Limited is the Gurugram (Haryana)-headquartered entity behind the "FREED" debt-relief / loan-settlement platform (also uses domain kavachfin.com).
Business Overview
Kavach Financial Services Private Limited is the Gurugram (Haryana)-headquartered entity behind the "FREED" debt-relief / loan-settlement platform (also uses domain kavachfin.com). Founded in 2020 by Ritesh Srivastava (serial entrepreneur with a background in the US debt-settlement industry), FREED connects debt-burdened borrowers with lenders/creditors to negotiate settlements, reduce EMIs, and rebuild credit scores, and also offers budgeting, spend analytics and credit-education tools. Reported team size ~181 employees (as of Oct 2024, per aggregator data). Source: WebSearch aggregate (Tofler-derived), freed.care/about-us, Business Standard interview with Ritesh Srivastava (Jan 2025).
Sector & Classification
NIC 67100 — "Activities Auxiliary to Financial Intermediation, except insurance and pension funding" (consistent across all sources)
Directors & Key Management
Directors — source notes
Confirmed via CompanyDetails.in / IndiaFilings (2 independent sources agree): (1) RUCHI SRIVASTAVA — DIN 00590881, Director since 27-May-2020. (2) RITESH SRIVASTAVA — DIN 02389937, Director/CEO since 27-May-2020 (Founder & CEO of FREED). Partially corroborated: (3) ALOK SHARMA — appears as a director per TheCompanyCheck and companydetails.in listings (appointed ~05-Jul-2023 per TheCompanyCheck); a DIN 09184285 (allocated 25-May-2021, associated with 9 current + 13 past companies) surfaced via OrigLeads under the name "Alok Sharma" but is not independently confirmed to this specific company by a second source — treat as partial/unconfirmed.
GST Registrations
Not obtained. No GSTIN could be located via knowyourgst.com, findgst.in, mastersindia.co, or general search for this specific CIN/PAN. Home state would be Haryana (GST state code 06) based on registered address, but the actual GSTIN was not found in any indexed source.
Financials
FY2023 (year ended 31-Mar-2023): Revenue ~₹3.46 Cr; Net Loss ~₹11.1 Cr (single-source, aggregator data derived from Tofler-style filings, attributed to this CIN in a general web search summary — not independently cross-verified by a second source, so treat as partial). No FY2024/FY2025 audited figures were located in any accessible source. Net worth, EBITDA, and borrowings: not obtained. Standalone vs consolidated basis not specified in source.
Funding History
The FREED brand (closely associated with this entity) has raised a total of ~$16.8-16.9M across 3 rounds per Tracxn/Falconebiz/Inc42: (1) Seed — Apr 2022, ~$7.78M, led by Inflection Point Ventures + Hyderabad Angels and 60+ other investors; (2) Series A — Mar 2024, $7.45-7.5M (Entrackr, 13-Mar-2024), led by Multiply Ventures + 9 others; (3) Series A (extension) — 25/26-Feb-2026, INR 60 Cr (~$7.2M), led by Aavishkaar Capital with Sorin Investments, Piper Serica, Sattva Ventures (Entrackr, Inc42, Elets BFSI). IMPORTANT CAVEAT: Tracxn/Falconebiz attribute the "FREED" legal entity for funding purposes to CIN U67100UP2020PTC218431 ("Freed India Private Limited", a related but textually distinct Noida/UP-registered entity), not to the target CIN U67100HR2020PTC086409. It is unclear from public sources whether these are exactly the same legal entity re-registered/renamed, or two separate group companies (e.g., a possible state-shift re-registration or a sister NBFC/holding entity). Funding figures should therefore be read as pertaining to the "FREED" group/brand, with entity-level attribution to the specific target CIN unconfirmed.
Loans & Charges
Not obtained — no charge/loan/mortgage filings against this CIN were found in accessible (non-blocked) sources.
Credit Ratings
Not obtained — no CRISIL/ICRA/CARE rating found for "Kavach Financial Services Private Limited" in any searched source.
Legal & Compliance
None found — no litigation/case records located on Indian Kanoon or general search for this entity.
Competitive Landscape
FREED (the platform operated by/associated with this entity) competes in the India debt-relief/loan-settlement space against: SingleDebt (Mumbai, India — unfunded, per Falconebiz/Tracxn peer list); Rezolve, Credgenics (debt-collection/resolution tech, adjacent segment); Freedom Debt Relief / Alleviate Financial Solutions / Changed / National Debt Relief (US-focused peers cited by CBInsights as closest global comparables); and internationally Resuelve tu Deuda (Mexico), Relief (Miami, US), Ophelos (UK). Scale tag: FREED is an early/growth-stage ($16.8-16.9M raised, Series A) fintech; peers like Freedom Debt Relief and Resuelve tu Deuda are larger, more established players in their respective markets.
Frequently Asked Questions
What does KAVACH FINANCIAL SERVICES PRIVATE LIMITED do?
Kavach Financial Services Private Limited is the Gurugram (Haryana)-headquartered entity behind the "FREED" debt-relief / loan-settlement platform (also uses domain kavachfin.com).
What is the CIN of KAVACH FINANCIAL SERVICES PRIVATE LIMITED?
KAVACH FINANCIAL SERVICES PRIVATE LIMITED's Corporate Identification Number (CIN) is U67100HR2020PTC086409.
When was KAVACH FINANCIAL SERVICES PRIVATE LIMITED incorporated?
KAVACH FINANCIAL SERVICES PRIVATE LIMITED was incorporated on 27 May 2020 (some sources show 26/27 May interchangeably; RoC filings consistently show 27-05-2020) and is registered with RoC-Delhi (per CompanyDetails.in, IndiaFilings — consistent with Haryana-registered CIN falling under Delhi jurisdiction). Note: TheCompanyCheck.com shows "RoC-Kanpur" but this figure appears mixed up with a related UP entity — see note..
Who are the directors of KAVACH FINANCIAL SERVICES PRIVATE LIMITED?
Directors on record include RUCHI SRIVASTAVA (DIN 00590881); RITESH SRIVASTAVA (DIN 02389937).
Where is KAVACH FINANCIAL SERVICES PRIVATE LIMITED registered?
The registered office of KAVACH FINANCIAL SERVICES PRIVATE LIMITED is at 503-505, 5th Floor, BPTP Park Centra, Sector-30, Gurugram (Gurgaon), Haryana 122002, India (per CompanyDetails.in, IndiaFilings, Falconebiz-sourced aggregate; one source lists "Unit-6 Ground Floor" at same building — minor address-format variance).
Information compiled from public registry and secondary sources (as of 2026-07-29). It may be incomplete or dated; verify independently before relying on it. Known gaps: PAN, GSTIN, exact current authorized/paid-up capital, FY24/FY25 audited financials, net worth, borrowings, shareholding %, charges/loan filings, credit ratings, litigation records, and definitive legal relationship to "Freed India Private Limited" (UP CIN) — all not obtained/not confirmed from accessible sources within tool constraints (mca.gov.in, Zaubacorp, and other primary MCA mirrors are excluded per task policy).