About Airpay Financial Technologies Private Limited
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Airpay Financial Technologies Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Airpay Technologies Limited, Dubai. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 24 December 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72900MH2020PTC352478. Its GSTIN is 27AAUCA5728J1Z2 (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Kunal Rajesh Kumar Jhunjhunwala and Rahul Jain.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 109 1st Floor Sir Vithaldas Chamber 16 B S Marg, Mumbai, Maharashtra, India – 400001.
As per the financials filed for FY 2024, the company reported a revenue of ₹2.98 Cr. For the same year it recorded a net loss of ₹3.33 Cr (net margin -111.6%) and EBITDA of -₹3.33 Cr (EBITDA margin -111.6%).
The company has about 65 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Airpay.
For more details, the company can be reached via its website airpay.co.in.
Company details
Contact details
Airpay Financial Technologies Private Limited's registered office is in Mumbai, Maharashtra. Its website is airpay.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address109 1st Floor Sir Vithaldas Chamber 16 B S Marg, Mumbai, Maharashtra, India – 400001
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Airpay Financial Technologies Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Airpay Financial Technologies operates one associated brand: Airpay. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| An integrated omnichannel platform for financial services is provided. | airpay.co.in |
Business activity
The main business activity of Airpay Financial Technologies is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Airpay Financial Technologies Private Limited, buy the company report.
Financials of Airpay Financial Technologies Private Limited
FY 2025 filings availableAirpay Financial Technologies Private Limited reported revenue of ₹2.98 Cr for FY 2024.
Financial Statement Summary
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | -₹3.33 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹3.33 Cr | |||
| Balance Sheet | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -111.6% | |||
| Net Profit Margin | -111.6% | |||
| Return on Equity (ROE) | ||||
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To see the full financial statements and ratios of Airpay Financial Technologies Private Limited, buy the company report.
Board of directors of Airpay Financial Technologies Private Limited
Airpay Financial Technologies has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kunal Rajesh Kumar Jhunjhunwala Also directs: Digitalhathi Media Services LLP, Sugarbox Ecommerce Ventures LLP, Clayco Cosmetics Private Limited and 5 more | Director | 24 Dec 2020 | 5 Years 10 Months | Current |
| Rahul Jain Also directs: Airpay Vyaapaar Fintech Private Limited, Airpay Capital Private Limited, Airpay Smart Payments Private Limited and 2 more | Director | 01 Apr 2024 | 2 Years 6 Months | Current |
| Mathew Thomas Also directs: Airpay Vyaapaar Fintech Private Limited, Airpay Smart Payments Private Limited, Airpay Ifsc Private Limited and 2 more | Director | 05 Apr 2024 | 2 Years 6 Months | Current |
Peer comparison
Airpay Financial Technologies Private Limited is compared with the 5 companies closest to it by revenue in the BFSI industry (Payment Gateways), with the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Letzpay Solution Private Limited | ₹3.09 Cr (FY 2025) | 3.0% | New Delhi, Delhi, India | |||
| Teqfox Fintech Solutions Private Limited | ₹3.01 Cr (FY 2024) | 12583.0% | Jogeshwari East, Maharashtra, India | |||
| Airpay Financial Technologies Private Limitedthis company | ₹2.98 Cr (FY 2024) | -₹3.33 Cr | -111.6% | Mumbai, Maharashtra, India | ||
| Pay With Indiamart Private Limited | ₹2.98 Cr (FY 2023) | 14.0% | Delhi, India | |||
| Poltergeist Pay Technologies Private Limited | ₹2.98 Cr (FY 2024) | Bangalore, Karnataka, India | ||||
| Dinero Payment Services Private Limited | ₹2.91 Cr (FY 2024) | -95.0% | Gurgaon, Haryana, India |
To see the full peer comparison of Airpay Financial Technologies Private Limited, buy the company report.
Auditor
Airpay Financial Technologies Private Limited is audited by Sunil Singh Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Sunil Singh Associates | FY 2023 | 113406W |
Shareholding
The shareholding of Airpay Financial Technologies Private Limited is on record for 3 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Airpay Financial Technologies Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Airpay Financial Technologies Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
Airpay Financial Technologies Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 3 overdue payments to 2 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Airpay Financial Technologies Private Limited | |||
| Aequm India Private Limited |
To see the full MSME payment records of Airpay Financial Technologies Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Airpay Financial Technologies has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAUCA5728J1Z2 | Maharashtra | Active | 25 Oct 2023 |
| 32AAUCA5728J1ZB | Kerala | Active | 12 Jul 2024 |
To see the full GST registrations and return filing status of Airpay Financial Technologies Private Limited, buy the company report.
Recent activity
Airpay Financial Technologies Private Limited has 6 board changes on record since 2020: 3 appointments and 3 cessations. The latest: Mathew Thomas ceased to be Additional Director on 29 Sep 2024.
News
Frequently asked questions
Airpay Financial Technologies is an active private limited company based in Mumbai, Maharashtra, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 24 December 2020 (6+ years old) and is registered under CIN U72900MH2020PTC352478.
Airpay Financial Technologies has 3 current directors:
- Kunal Rajesh Kumar Jhunjhunwala - Director
- Rahul Jain - Director
- Mathew Thomas - Director
The latest financial statements of Airpay Financial Technologies on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2021 are in the company report.
The GSTIN of Airpay Financial Technologies is 27AAUCA5728J1Z2, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 32AAUCA5728J1ZB (Kerala).
The CIN (Corporate Identification Number) of Airpay Financial Technologies is U72900MH2020PTC352478. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Airpay Financial Technologies was incorporated on 24 December 2020, making it 6+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Airpay Financial Technologies by revenue are Letzpay Solution Private Limited, Teqfox Fintech Solutions Private Limited, Pay With Indiamart Private Limited, Poltergeist Pay Technologies Private Limited, Dinero Payment Services Private Limited, all in the BFSI industry (Payment Gateways), with the same principal business activity (other financial activities).
Mathew Thomas ceased to be Additional Director on 29 Sep 2024. Rahul Jain ceased to be Additional Director on 29 Sep 2024. Mathew Thomas was appointed as Director on 05 Apr 2024. Airpay Financial Technologies has 6 board changes on record in total.
Airpay Financial Technologies has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 3 overdue payments to 2 micro and small suppliers. The latest return was filed on 26 Apr 2024.
Airpay Financial Technologies can be reached through the website airpay.co.in. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Airpay Financial Technologies is at 109 1st Floor Sir Vithaldas Chamber 16 B S Marg, Mumbai, Maharashtra, India – 400001.
Airpay Financial Technologies operates in the information technology industry, in the IT consulting and support services segment.
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