Fintech – MIDASX has posted its strongest quarterly performance to date, reporting a 30 percent rise in revenue during the third quarter of FY 2025-26 and reaching break-even in its SaaS division, a development that signals improved financial stability and operational strength.
The company described the quarter as a defining phase in its growth journey. Revenue gains were accompanied by healthier unit economics and stronger alignment between its products and market demand. The achievement of cash-flow positivity and SaaS break-even reflects a shift from early-stage development to a more scalable business model.
Aakash Bansal, Co-Founder and Chief Executive Officer of MIDASX, said the quarter represented a clear transition for the firm. According to him, the focus has moved beyond simply building technology tools to creating a comprehensive financial distribution infrastructure. He added that the platform is now operating as a multi-asset, AI-enabled ecosystem designed to support mutual fund distributors and other intermediaries across the country.
MIDASX currently works with more than 1,750 active intermediaries and provides access to assets under management exceeding ₹2.1 lakh crore. With this scale, the company is positioning itself as a full-stack fintech platform serving India’s next generation of financial distributors.
During the last quarter, the company strengthened three core verticals: its SaaS business, which has now reached break-even; a scaled B2B2C multi-asset marketplace; and a new artificial intelligence-led wealth technology segment tailored for mutual fund distributors. The company also significantly expanded its workforce, growing from 56 employees to more than 100.
To support this expansion, MIDASX opened a new office with seating capacity for over 100 professionals in Mumbai’s financial district, reinforcing its presence in the country’s financial capital.
Technology remains central to MIDASX’s strategy. The platform has rolled out tools such as Portfolio Genius, which provides advisors with real-time portfolio insights, and Agent M, an AI-powered research assistant designed to enhance decision-making efficiency. A digital avatar feature aims to personalize client interactions while enabling advisors to manage larger volumes of investors effectively.
The company believes these tools will help intermediaries improve operational efficiency and manage multiple asset classes from a unified platform. By integrating research, analytics, and digital engagement, MIDASX is attempting to streamline advisory workflows and broaden access to investment opportunities.
A key highlight of the quarter was the expansion of the company’s multi-asset marketplace. The platform now enables activation across a wide spectrum of financial products, including mutual funds, equities, contracts for difference, loans, unlisted shares, bonds, market-linked debentures, portfolio management services, and alternative investment funds.
Over the past three months, more than 250 independent financial advisors joined the marketplace. The company views this onboarding momentum as validation of demand for a single, integrated system that combines distribution technology with product access.
Looking ahead to the fourth quarter of FY 2025-26, MIDASX plans to intensify its marketplace expansion strategy. The company intends to onboard more than 25 additional product manufacturers and further enhance AI-powered workflows across its platform.
In addition, it aims to organize more than 100 in-person events and webinars nationwide to deepen engagement with advisors and product partners. The focus, executives say, will remain on strengthening both the supply and demand sides of the marketplace while expanding reach into new regions and pin codes across India.
MIDASX operates under Vijya Fintech, founded by Rajesh Soni, Aakash Bansal, Paresh Paladiya, and Anil Gupta. The company has grown to serve over 5.5 lakh investors through its network of financial distributors. By combining technology with personalized advisory support, it aims to bridge gaps in India’s wealth management landscape.
With its latest quarterly results, MIDASX has signaled that it is entering a more mature phase of growth, marked by stronger financial fundamentals and a broader technology offering for the country’s financial distribution ecosystem.
