About Digicard Services Private Limited
Data last updated:
Digicard Services Private Limited is a private limited company based in Gurgaon, Haryana, India, a subsidiary of Vara Technology Private Limited. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 15 November 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74999HR2016PTC066376. Its GSTIN is 07AAFCD9083J1Z8 (Delhi). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1.55 Cr and a paid-up capital of ₹1.45 Cr. It is led by directors Ashutosh Nigam and Saket Kumar.
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 7th Floor Plot 14A Viom Building Sector 18 Maruti Industrial Complex, Gurgaon, Haryana, India – 122015.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.12 Cr, a decline of 17% compared to the previous year. For the same year it recorded a net profit of ₹10.32 Lakh (net margin 9.2%) and EBITDA of ₹12.3 Lakh (EBITDA margin 11%). Revenue has declined at a compounded annual rate (CAGR) of 13% over three years and 6% over five years.
The company has about 2 employees on its provident fund (EPFO) records.
Court records list 1 case involving the company, including 1 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website bharatpay.co.in.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address7th Floor Plot 14A Viom Building Sector 18 Maruti Industrial Complex, Gurgaon, Haryana, India – 122015
- IndustryFinancial Services, Diversified Financial Services
- 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
- One PDF report, delivered after checkout
Business Activity of Digicard Services Private Limited
The main business activity of Digicard Services is financial and insurance service. In detail, this covers other financial activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Digicard Services Private Limited FY 2025 filings available
Digicard Services Private Limited reported revenue of ₹1.12 Cr (down 17% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Digicard Services Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 6% over five years, including a 17% fall in the latest year. EBITDA fell 45% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary of Digicard Services Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹12.3 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹10.32 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 of Digicard Services Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 11% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 9.2% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Digicard Services are in the company report.
Financial statements from FY 2017
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Digicard Services Private Limited
Digicard Services Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Prepaid and Cash Cards). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Kawl Infotech Private Limited | ₹1.69 Cr (FY 2024) | •••• | •••• | -91.0% | •••• | New Delhi, Delhi, India |
| Scubeelate Technologies Private Limited | ₹1.52 Cr (FY 2023) | •••• | •••• | 49.0% | •••• | Bengaluru, Karnataka, India |
| Dunamis Trade & Services Private Limited | ₹1.4 Cr (FY 2024) | •••• | •••• | 1.0% | •••• | Kolkata, West Bengal, India |
| Topsail Fintech Private Limited | ₹1.33 Cr (FY 2023) | •••• | •••• | -70.0% | •••• | Hyderabad, Telangana, India |
| Omegaon Internet Private Limited | ₹1.17 Cr (FY 2020) | •••• | •••• | •••• | Bengaluru, Karnataka, India | |
| Digicard Services Private Limited this company | ₹1.12 Cr (FY 2024) | •••• | •••• | -17.0% | •••• | Gurgaon, Haryana, India |
| Brothers Digi World International Services India Private Limited | ₹1.12 Cr (FY 2025) | •••• | •••• | -87.0% | •••• | Sirsa, Haryana, India |
| Digismartmind Private Limited | ₹1.09 Cr (FY 2024) | •••• | •••• | 556.0% | •••• | Chennai, Tamil Nadu, India |
| Ezspend Prepaid Payment Solutions Private Limited | ₹1 Cr (FY 2024) | •••• | •••• | •••• | New Delhi, Delhi, India | |
| Nextaca Private Limited | ₹78.21 Lakh (FY 2021) | •••• | •••• | •••• | Kujanga, Odisha, India | |
| Digikart Technology Private Limited | ₹77.11 Lakh (FY 2025) | •••• | •••• | -29.0% | •••• | Barabanki, Uttar Pradesh, India |
Peers are the five companies nearest above and the five nearest below Digicard Services by revenue in the BFSI industry (Prepaid and Cash Cards), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Digicard Services Private Limited
Digicard Services Private Limited is audited by P K DROLIA & CO for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| P K DROLIA & CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Digicard Services Private Limited
Digicard Services has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashutosh Nigam Also directs: Bouin Foods Private Limited, A2f Ventures Private Limited | Director | 01 Jan 2019 | 7 Years 9 Months | Current |
| Saket Kumar Also directs: Bharat Connect Technologies Private Limited | Additional Director | 24 Oct 2025 | 0 Years 11 Months | Current |
Ownership and Shareholding of Digicard Services Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Digicard Services Private Limited
Digicard Services Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Legal Cases of Digicard Services Private Limited
Digicard Services Private Limited has 1 court case on record: 1 filed against it. All case is disposed. Status as checked on 21 Sep 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Commercial suit | Filed against the company by Resilient Innovations Private Limited | Disposed |
Full case history
All 1 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME Payment Delays by Digicard Services Private Limited
Digicard Services Private Limited has 3 MSME Form 1 returns on record between 2019 and 2020, listing 40 overdue payments to 3 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 (3 of 3)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| BCL Secure Premises Private Limited | •••• | •••• | •••• |
| Bharat Connect Technologies Private Limited | •••• | •••• | •••• |
| Danpex Systems Private Limited | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 3 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Digicard Services Private Limited
Digicard Services Private Limited has a workforce of 2 employees as of Apr 05, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Group Structure of Digicard Services Private Limited
Digicard Services has 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
News related to Digicard Services Private Limited
Recent Activity on Digicard Services Private Limited
Digicard Services Private Limited has 8 board changes on record since 2016: 2 appointments and 6 cessations. The latest: Saket Kumar was appointed as Additional Director on 24 Oct 2025.
Credit Ratings, Litigation & Regulatory Alerts for Digicard Services Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Digicard Services Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Digicard Services Private Limited
Digicard Services has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAFCD9083J1Z8 | Delhi | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Digicard Services Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Digicard Services Private Limited
Digicard Services is an active private limited company based in Gurgaon, Haryana, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 15 November 2016 (10+ years old) and is registered under CIN U74999HR2016PTC066376.
Digicard Services reported revenue of ₹1.12 Cr for FY 2024 (down 17% YoY).
Digicard Services has 2 current directors:
- Ashutosh Nigam - Director
- Saket Kumar - Additional Director
Digicard Services reported a net profit of ₹10.32 Lakh (net margin 9.2%) and EBITDA of ₹12.3 Lakh (EBITDA margin 11%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Digicard Services is -13% over three years and -6% over five years. In the latest year (FY 2024) revenue fell 17%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Digicard Services is 07AAFCD9083J1Z8, registered in Delhi. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Digicard Services is U74999HR2016PTC066376. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Digicard Services has 1 court case on record: 1 filed against it.
Digicard Services was incorporated on 15 November 2016, making it 10+ years old. It is registered with the Registrar of Companies, Delhi.
The peers of Digicard Services by revenue are Kawl Infotech Private Limited, Scubeelate Technologies Private Limited, Dunamis Trade & Services Private Limited, Topsail Fintech Private Limited, Omegaon Internet Private Limited and 5 more, all in the BFSI industry (Prepaid and Cash Cards).
Saket Kumar was appointed as Additional Director on 24 Oct 2025. Vikram Kasera ceased to be Additional Director on 31 Dec 2020. Arun Kapur ceased to be Director on 31 Mar 2020. Digicard Services has 8 board changes on record in total.
Digicard Services has 3 MSME Form 1 returns on record between 2019 and 2020, listing 40 overdue payments to 3 micro and small suppliers. The latest return was filed on 18 Nov 2020.