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Decipay Services Private Limited - financial services in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹11.78 Lakh
▲ 2506% YoY
Net loss · FY 2023
₹4.38 Lakh
Net margin -37.2%
EBITDA · FY 2023
-₹3.74 Lakh
EBITDA margin -31.8%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹7.8 Lakh
Issued & subscribed
Company age
7 yrs
Est. 2019
Directors on board
2
As per MCA filings
Active GSTINs
1
GST registered
About Decipay Services Private Limited
Data last updated:
Decipay Services Private Limited is a private limited company based in Mumbai, Maharashtra, India, recognised as a startup by DPIIT. It operates in the online payment gateways segment of the financial services sector. It was incorporated on 13 June 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72200MH2019PTC326728. Its GSTIN is 27AAHCD2922L1ZI (Maharashtra).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹7.8 Lakh. It is led by directors Smita Dhiraj Lokhande and Javed Sayyed Gadkari.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Row House No 1 Anunagar Co Op Hsg Soc Ltd Regd G B Rd Kavesar, Mumbai, Maharashtra, India – 400607.
As per the financials filed for FY 2023, the company reported a revenue of ₹11.78 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹4.38 Lakh (net margin -37.2%) and EBITDA of -₹3.74 Lakh (EBITDA margin -31.8%).
The company is associated with 1 brand: Decipay. The company has 5 deals on record (2 funding rounds, 2 secondary share transfers, 1 rights issue), with disclosed funding of ₹70 Lakh; the latest was in July 2021.
For more details, the company can be reached via its website decipay.in.
Company details
CIN U72200MH2019PTC326728
Registration Number 326728
Incorporation Date 13 June 2019
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2023
Date of Balance Sheet 31 March 2023
DPIIT Recognition Recognised Startup
Recognitions & Rankings of Decipay Services
Contact details
Decipay Services Private Limited's registered office is in Mumbai, Maharashtra. Its website is decipay.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered AddressRow House No 1 Anunagar Co Op Hsg Soc Ltd Regd G B Rd Kavesar, Mumbai, Maharashtra, India – 400607
- IndustryFinancial Services, Online Payment Gateways
To see the full contact details of Decipay Services Private Limited, buy the company report.
Comprehensive company report
Decipay Services Private Limited - one report that includes everything
- 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
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Brands
Decipay Services operates one associated brand: Decipay. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| UPI payment acceptance solutions are provided for merchants by Decipay. | decipay.in |
Business activity
The main business activity of Decipay Services is support service to organizations. In detail, this covers other support services to organizations.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N7 | Other support services to organizations |
To see the full business activity and turnover split of Decipay Services Private Limited, buy the company report.
Financials of Decipay Services Private Limited
FY 2023 filings availableDecipay Services Private Limited reported revenue of ₹11.78 Lakh (up 2506% YoY) for FY 2023.
Revenue · FY 2023
₹11.78 Lakh ▲ 2506%
Net loss · FY 2023
₹4.38 Lakh margin -37.2%
EBITDA · FY 2023
-₹3.74 Lakh margin -31.8%
Financial Statement Summary
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹11.78 Lakh | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹3.74 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹4.38 Lakh | |||
| Balance Sheet | ||||
| Share Capital | ||||
| Reserves and Surplus | ||||
| Net Worth (Total Equity) | ||||
| Long-term Borrowings | ||||
| Short-term Borrowings | ||||
| Trade Payables | ||||
| Total Liabilities | ||||
| Fixed Assets | ||||
| Investments | ||||
| Inventories | ||||
| Trade Receivables | ||||
| Cash and Bank Balance | ||||
| Total Assets | ||||
Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -31.8% | |||
| Net Profit Margin | -37.2% | |||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
| Return on Assets (ROA) | ||||
| Liquidity and Debt | ||||
| Current Ratio | ||||
| Quick Ratio | ||||
| Debt-to-Equity Ratio | ||||
| Interest Coverage Ratio | ||||
| Efficiency and Growth | ||||
| Asset Turnover | ||||
| Receivable Days | ||||
| Payable Days | ||||
| Inventory Days | ||||
| Revenue Growth | ||||
| Net Profit Growth | ||||
To see the full financial statements and ratios of Decipay Services Private Limited, buy the company report.
Board of directors of Decipay Services Private Limited
Decipay Services has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Javed Sayyed Gadkari | Additional Director | 23 Dec 2023 | 2 Years 10 Months | Current |
| Smita Dhiraj Lokhande Also directs: Devv Calculus Limited Liability Partnership | Director | 24 Jun 2023 | 3 Years 4 Months | Current |
Auditor
Decipay Services Private Limited is audited by P A JAIN & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| P A JAIN & CO | FY 2023 | 142784W |
Shareholding
The shareholding of Decipay Services Private Limited is on record for 4 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Decipay Services Private Limited, buy the company report.
Deals & funding
Decipay Services Private Limited has 5 deals on record (2 funding rounds, 2 secondary share transfers, 1 rights issue), with disclosed funding of ₹70 Lakh; the latest was in July 2021.
Total deals
5
Funding rounds
2
Secondary share transfers
2
Rights issue
1
Disclosed funding
₹70 Lakh
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2021 | Funding round | ₹45 Lakh | Investors: Blocpal International Inc |
| Mar 2021 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
| Jul 2020 | Funding round | ₹25 Lakh | Investors: 4 individuals |
| Apr 2020 | Rights issue | ₹5 Lakh | Investors: 2 individuals |
| Mar 2020 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Decipay Services 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
No delayed payments to MSME suppliers are on our record for Decipay Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Decipay Services has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAHCD2922L1ZI | Maharashtra | Active | 03 Dec 2020 |
To see the full GST registrations and return filing status of Decipay Services Private Limited, buy the company report.
Recent activity
Decipay Services Private Limited has 12 board changes on record since 2019: 7 appointments and 5 cessations. The latest: Nikhil Zendaram Mehra ceased to be Director on 25 Jan 2024.
Ceased
Nikhil Zendaram Mehra ceased to be Director.
Appointed
Javed Sayyed Gadkari was appointed as Additional Director.
AGM
Decipay Services Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
Appointed
Smita Dhiraj Lokhande was appointed as Director.
Ceased
Varsha Sharad Joshi ceased to be Director.
Appointed
Varsha Sharad Joshi was appointed as Director.
Filing
Decipay Services Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Mumbai I.
Ceased
Sharad Raghvendra Joshi ceased to be Director.
Ceased
Atul Chandrashekhar Joshi ceased to be Director.
Appointed
Nikhil Zendaram Mehra was appointed as Director.
Appointed
Sharad Raghvendra Joshi was appointed as Director.
Ceased
Ninad Sharad Joshi ceased to be Director.
3 earlier events are in the company report.
Frequently asked questions
Decipay Services is an active private limited company based in Mumbai, Maharashtra, India. The company works in online payment gateways, within the financial services industry. It was incorporated on 13 June 2019 (7+ years old) and is registered under CIN U72200MH2019PTC326728.
Decipay Services has 2 current directors:
- Javed Sayyed Gadkari - Additional Director
- Smita Dhiraj Lokhande - Director
The latest financial statements of Decipay Services on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from FY 2020 are in the company report.
The GSTIN of Decipay Services is 27AAHCD2922L1ZI, registered in Maharashtra.
The CIN (Corporate Identification Number) of Decipay Services is U72200MH2019PTC326728. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Decipay Services was incorporated on 13 June 2019, making it 7+ years old. It is registered with the Registrar of Companies, Mumbai.
Decipay Services has 5 deals on record (2 funding rounds, 2 secondary share transfers, 1 rights issue), with disclosed funding of ₹70 Lakh; the latest was in July 2021.
Nikhil Zendaram Mehra ceased to be Director on 25 Jan 2024. Javed Sayyed Gadkari was appointed as Additional Director on 23 Dec 2023. Smita Dhiraj Lokhande was appointed as Director on 24 Jun 2023. Decipay Services has 12 board changes on record in total.
Yes, Decipay Services is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Decipay Services can be reached through the website decipay.in. Its registered office is in Mumbai, Maharashtra, India.