About Fonepaisa Payment Solutions Private Limited
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Fonepaisa Payment Solutions Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the online payment gateways segment of the financial services sector. It was incorporated on 14 November 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2014PTC077244. Its GSTIN is 29AACCF5043R1Z3 (Karnataka).
The company has an authorised share capital of ₹3.5 Cr and a paid-up capital of ₹3.26 Cr. It is led by directors Jeetendra Nagavenkata Jyothiswaroop Ganjanaboina and Nikhil Sudhir Charapale.
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 4022 Sobha Chrysanthemum Apartments Thanisandra Main Road Near Hegde Nagar, Bangalore, Karnataka, India – 560077.
As per the financials filed for FY 2025, the company reported a revenue of ₹4.32 Lakh, a decline of 25% compared to the previous year. For the same year it recorded a net loss of ₹15.51 Lakh (net margin -359.3%) and EBITDA of ₹3.82 Lakh (EBITDA margin 88.4%). Revenue has declined at a compounded annual rate (CAGR) of 90% over three years and 65% over five years.
The company is associated with 1 brand: fonePaisa. Court records list 4 cases involving the company, including 3 filed by the company and 1 filed against it; 1 case is pending. The company has 5 deals on record (5 rights issues); the latest was in August 2018.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website fonepaisa.com.
Company details
Contact details
Fonepaisa Payment Solutions Private Limited's registered office is in Bangalore, Karnataka. Its website is fonepaisa.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered Address4022 Sobha Chrysanthemum Apartments Thanisandra Main Road Near Hegde Nagar, Bangalore, Karnataka, India – 560077
- IndustryFinancial Services, Online Payment Gateways
To see the full contact details of Fonepaisa Payment Solutions 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
Fonepaisa Payment Solutions operates one associated brand: fonePaisa. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Mobile app for payments at online and offline retail stores | fonepaisa.com |
Business activity
The main business activity of Fonepaisa Payment Solutions is information and communication. In detail, this covers publishing of computer operating systems, system software, application software, games, etc..
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J2 | Publishing of computer operating systems, system software, application software, games, etc. |
Financials of Fonepaisa Payment Solutions Private Limited
FY 2025 filings availableFonepaisa Payment Solutions Private Limited reported revenue of ₹4.32 Lakh (down 25% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 65% over five years, including a 25% fall in the latest year. EBITDA rose 393% 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹3.82 Lakh | ||||
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| Net Profit (PAT) | -₹15.51 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | 88.4% | ||||
| Net Profit Margin | -359.3% | ||||
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To see the full financial statements and ratios of Fonepaisa Payment Solutions Private Limited, buy the company report.
Board of directors of Fonepaisa Payment Solutions Private Limited
Fonepaisa Payment Solutions has 2 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nikhil Sudhir Charapale Also directs: Quepay Solutions Private Limited | Additional Director | 12 Mar 2024 | 2 Years 7 Months | Current |
| Jeetendra Nagavenkata Jyothiswaroop Ganjanaboina | Director | 24 May 2023 | 3 Years 5 Months | Current |
Auditor
Fonepaisa Payment Solutions Private Limited is audited by K R SRIRAM & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K R SRIRAM & CO | FY 2017 | 323146E |
Shareholding
The shareholding of Fonepaisa Payment Solutions Private Limited is on record for 4 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Fonepaisa Payment Solutions Private Limited, buy the company report.
Deals & funding
Fonepaisa Payment Solutions Private Limited has 5 deals on record (5 rights issues); the latest was in August 2018.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2018 | Rights issue | ₹64.5 Lakh | Investors: 2 individuals |
| Jul 2018 | Rights issue | ₹60 Lakh | Investors: 2 individuals |
| Mar 2018 | Rights issue | ₹30 Lakh | Investors: an individual |
| Mar 2018 | Rights issue | ₹2.2 Cr | Investors: 3 individuals |
| Nov 2016 | Rights issue | ₹26 Lakh | Investors: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Fonepaisa Payment Solutions Private Limited has 4 court cases on record: 3 filed by Fonepaisa Payment Solutions, 1 filed against it. 1 case is pending and 3 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 1 | 1 |
| District courts | 1 | 0 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, KARNATAKA | Court case (CRL.P) | Filed against the company by M/S Payu Payments Pvt Ltd | Pending |
| High Court of Karnataka | Writ petition | Filed by the company against Deputy Commissioner of Commercial Tax | Disposed |
| District court, BENGALURU, Karnataka | Civil suit | Filed by the company against an individual | Disposed |
| High Court for State of Telangana | Court case (CRLRC) | Filed by the company against The State of Telangana | Disposed |
To see the full case history of Fonepaisa Payment Solutions Private Limited, buy the company report.
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
No delayed payments to MSME suppliers are on our record for Fonepaisa Payment Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Fonepaisa Payment Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCF5043R1Z3 | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Fonepaisa Payment Solutions Private Limited, buy the company report.
Recent activity
Fonepaisa Payment Solutions Private Limited has 11 board changes on record since 2020: 2 appointments and 9 cessations. The latest: Kethi Murthy ceased to be Additional Director on 25 Mar 2024.
2 earlier events are in the company report.
Frequently asked questions
Fonepaisa Payment Solutions is an active private limited company based in Bangalore, Karnataka, India. The company works in online payment gateways, within the financial services industry. It was incorporated on 14 November 2014 (12+ years old) and is registered under CIN U72200KA2014PTC077244.
Fonepaisa Payment Solutions has 2 current directors:
- Nikhil Sudhir Charapale - Additional Director
- Jeetendra Nagavenkata Jyothiswaroop Ganjanaboina - Director
The latest financial statements of Fonepaisa Payment Solutions 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 2015 are in the company report.
The GSTIN of Fonepaisa Payment Solutions is 29AACCF5043R1Z3, registered in Karnataka.
The CIN (Corporate Identification Number) of Fonepaisa Payment Solutions is U72200KA2014PTC077244. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Fonepaisa Payment Solutions has 4 court cases on record: 3 filed by the company and 1 filed against it. 1 is pending. Most are in the high courts.
Fonepaisa Payment Solutions was incorporated on 14 November 2014, making it 12+ years old. It is registered with the Registrar of Companies, Bangalore.
Fonepaisa Payment Solutions has 5 deals on record (5 rights issues); the latest was in August 2018.
Kethi Murthy ceased to be Additional Director on 25 Mar 2024. Nikhil Sudhir Charapale was appointed as Additional Director on 12 Mar 2024. Jeetendra Nagavenkata Jyothiswaroop Ganjanaboina ceased to be Additional Director on 29 Sep 2023. Fonepaisa Payment Solutions has 11 board changes on record in total.
Fonepaisa Payment Solutions can be reached through the website fonepaisa.com. Its registered office is in Bangalore, Karnataka, India.