Corporate Information


Facilon Services Private Limited (“Facilon”), is a private limited company incorporated under Indian laws (Companies Act, 2013) in June 2023 and is promoted by Mr. Suneet Luthra and Mr. Jaydeep Jayakar.
No. But as the business expands or demands, Facilon may consider this requirement.
Facilon can be considered as a “mnemonic” which is derived from the two words viz “Facilitating” and “On-boarding” which are part of Facilon’s Logo.
Yes. Facilon is registered on LinkedIn, Instagram and Facebook with a view to augment its visibility and aid marketing efforts including digital marketing.
Yes. Facilon is recognised as a Startup by Department for Promotion of Industry and Internal Trade, Government of India.
Yes. Facilon is registered as a Micro enterprise with Ministry of Micro, Small and Medium Enterprises.
Yes. Facilon’s GST Registration Number is 27AAFCF5175M1Z5.
Registered Office of Facilon is in Mumbai at A-102, Golden Square CHS, Kalina, Santacruz (E), Vidyanagari, Mumbai 400098, Maharashtra, India.
Facilon’s CIN is U82990MH2023PTC405216.

Business Model


Facilon intends to create a market place to facilitate SPs and SRs. The Company will use Microsoft Power Apps platform (a Portal as well as an App), which is a cloud based SaaS solution where the accessibility guidelines and controls are managed by Microsoft (Microsoft Dynamics 365 CE/ Power Apps duly supported by APIs where applicable and required) for the flow of data and information including data security.
The main business activity of Facilon is to act as a bridge or facilitator for movement of data and information to those parties who are in the business of holding or trading in securities, through an electronic medium/facility.

The business of Facilon is to electronically facilitate the flow of information (in the form of data, documents, comments, observations etc) between onshore (Indian) parties such as custodians, designated depository participants (DDPs), depository participants, brokers, banks, portfolio managers, investment funds and identified tax consultant on one side (“Service Provider”/ “SP”) and offshore (foreign parties) such as investors (institutions, body corporate or individuals such as NRIs, OCIs or foreign resident individuals), investment advisors and professional firms (who can source investors on other side) (“Service Recipient”/“SR”).
Yes. It can be summarized as follows:

1. B2B: Targeting Brokers, Portfolio Managers, Banks.
2. B2C: Targeting Investors.
3. B2B2C: Targeting External Investment Managers.
Facilon operates in Financial / Investment / Banking Sectors.
No. Facilon is a facilitator.

It is a market place where the documents and information flow is intended to achieve the certain key objectives to Service Recipients and Service Providers.
Yes. Presently there are 3 Employees of the Company. The day to day affairs including business/financial strategy is responsibility of the Board of Directors who are also employees of the Company.

Going forward, as the business expands Facilon will recruit more personnel as per business requirements.
Facilon has engaged a range of professionals including legal and professional firms having the requisite experience and expertise in business segment which Company will operate. The profile of the team is available on Facilon’s website www.facilonservices.com as well as on www.linkedin.com.
No. As per legal opinions obtained, given the business objectives, Facilon is not required to register under any Regulation of SEBI and/or RBI.
Yes. Facilon’s Mission is to provide innovative, efficient and secure solutions to investors and their advisors, seeking services from Brokers, Custodians, Banks, Investment Funds and related providers.
Yes. Our vision is to facilitate efficient onboarding of investors with service providers and digitally enable their interactions with a selection of brokers, custodians, banks, asset managers, and associated service providers.

Role and Responsibilities


Service Provider, registered with Facilon should be registered under SEBI Regulations and could be any and/or of the following:
  1. Broker.
  2. Portfolio Manager.
  3. Custodian.
  4. Bank.
  5. Custodian Clearing Member for clearing Futures and Option Trades.
  1. It will provide SPs like a Broker, Custodian, Fund Manager etc. the ability to provide status and comments during the onboarding process to clients. This facility is in addition to the already existing service provider‘s internal systems for Know Your Client (KYC) and Onboarding system.
  2. It will permit SPs to maintain the client data, scanned copies of client documentation, information regarding account numbers and the timeline of the exchange of information even after the KYC process has been completed.
  3. It will empower SPs to maintain a live portal for ongoing status updates.
  4. It will automate auto-filling of document to be executed, using client-provided data streamlining the documentation process.
  • It will enable SRs to invest securities as permitted by Indian laws by creating a gateway for seamless onboarding / account opening of SRs with SPs.
  • SRs can take an informed decision while selecting the investment route applicable.
  • SRs can conveniently update their information and documents on the portal for service provider review.
  • SRs can trade on the SEBI recognized Exchanges for listed stocks and derivative instruments.
  • SRs can participate in IPOs, FPOs, OFS and similar products.
  • SRs can have access to brokers and their research on India.
  • SRs can vote on the resolutions of the various companies that they are invested in.
Our role is that of a facilitator to assist investors in liaising/engaging with intermediaries like custodians, portfolio managers and brokers for all the three stages of pre-trading - KYC procedures, Regulatory Registration and On-boarding as well as acting as a conduit for post-trading activities.

Products and Solutions


Facilon presently offers two products/solutions viz:

  1. Facilon Onboard: Enables Service Providers and External Asset Managers / Investment Advisors to introduce / on-board new clients and/or existing clients.
  2. Facilon Manage: Enables External Asset Managers / Investment Advisors to onboard their clients with Service Providers in India.

These products may evolve in due course depending on market/regulatory dynamics and practices. For more details, visit www.facilonservices.com.

Facilon offers four products/solutions:

Pre-onboarding

  1. Facilon Appoint: Enables investors to compare, choose and appoint Service Providers who are registered with Facilon.
  2. Facilon Status: Enables investor the ability to provide their information and documentation online and monitor the status of the onboarding process.

Post-onboarding

  1. Facilon Instruct: Enables investor to instruct service providers through Facilon’s secured communication channel.
  2. Facilon Report: Enables investors to receive reports and advices from Service Providers appointed by them.

These products may evolve in due course depending on market/regulatory dynamics and practices. For more details, visit www.facilonservices.com.

The flow of information will be primarily through a Microsoft Power Apps platform (a Portal as well as an App), which is a cloud-based SaaS solution where the accessibility guidelines and controls are managed by Microsoft.

  • Facilon has a web-based Portal through Microsoft Dynamics 365 CE / Power Apps architecture.
  • This solution will be accessed by Service Providers (SPs).
  • A separate website-based solution will be available for Service Recipients (SRs).
  • These solutions will be connected through an API.
Any Service Provider who wish to register with Facilon should be registered under applicable SEBI Regulation(s) either as Custodian, Broker, Portfolio Manager etc.
  1. Access to secured and state-of-the-art web-based portal, which can be customised to suit SR’s requirement.
  2. Access to Facilon’s reach and resources to promote your brand, products and services.
  3. Pave way to thought leadership, content marketing and strategic partnerships and alliances.
  4. Can help increase SP’s product visibility and sales.
  5. Improvement of TAT for client onboarding and relationship management without compromising compliance and security:
    • Monitor movement of data, documents, and supporting documentation.
    • Scrutinize documents submitted by Investor.
    • Electronically approve/reject/comment on documents.
    • Maintain full audit trail with time-stamp.
    • Built-in logical checks to ensure accuracy.
  6. Facilon’s system architecture is flexible to adapt to any market, practice or regulation.
  1. Visit www.facilonservices.com.
  2. Register as a Service Provider by providing basic details.
  3. Receive email verification link on the provided email.
  4. Facilon team shares legal agreement/documents including fee schedule.
  5. Upon receiving executed documents, Facilon provides electronic portal access.
  • Set up of Users and access level, defined by Service Providers.
  • Upload Information Page to showcase your firm, products and services.
  • Upload client onboarding/account opening checklist.
  • Upload checklist for supporting documents.

Charges and Fees


Broadly, Facilon will charge Service Providers (‘SPs’) under these heads, depending on the product and/or solution or be-spoke solution(s) offered:

  1. Listing Fee.
  2. Set UP Fee.
  3. Subscription Fee.
  4. Per KYC Fee.
  5. Software Licence Fee / Charges.
  6. Annual Maintenance Fee.
  7. Customisation Fee under SaaS model.
  8. Customisation Fee under ‘White Label’ model.
  9. Out of Pocket Expenses.


The fees and related terms of payment will be agreed upfront and would form part of the legal/contractual agreement/arrangement between Facilon and the Service Provider.