About Freshpay IT Solutions Private Limited
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Freshpay IT Solutions Private Limited is a private limited company based in Gurgaon, Haryana, India. It operates in the online payment gateways segment of the financial services sector. It was incorporated on 17 December 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Haryana, under CIN U72900HR2009PTC039837. Its GSTIN is 06AABCF4482F2ZR (Haryana). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹26 Cr and a paid-up capital of ₹24.98 Cr. It is led by directors Abhilash Vasukuttan Pillai and Ratan Singh.
Its last annual general meeting (AGM) was held on 30 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at House No.320/14 Jacubpura, Gurgaon, Haryana, India – 122001.
As per the financials filed for FY 2018, the company reported a revenue of ₹2.99 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹1.85 Cr and EBITDA of -₹1.76 Cr. Revenue has declined at a compounded annual rate (CAGR) of 94% over three years.
Court records list 1 case involving the company, including 1 filed against it; 1 case is pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website qiwi.in.
Company details
Contact details
Freshpay IT Solutions Private Limited's registered office is in Gurgaon, Haryana. Its website is qiwi.in. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressHouse No.320/14 Jacubpura, Gurgaon, Haryana, India – 122001
- IndustryFinancial Services, Online Payment Gateways
To see the full contact details of Freshpay IT 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
Financials of Freshpay IT Solutions Private Limited
FY 2018 filings availableFreshpay IT Solutions Private Limited reported revenue of ₹2.99 Lakh (up 1478% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 94% over three years. EBITDA fell 343% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹2.99 Lakh | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹1.76 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹1.85 Cr | |||
| 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | ||||
| Net Profit Margin | ||||
| 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 Freshpay IT Solutions Private Limited, buy the company report.
Board of directors of Freshpay IT Solutions Private Limited
Freshpay IT Solutions has 2 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Abhilash Vasukuttan Pillai | Additional Director | 15 May 2015 | 11 Years 5 Months | Current |
| Ratan Singh | Additional Director | 15 Dec 2017 | 8 Years 10 Months | Current |
Peer comparison
Freshpay IT Solutions Private Limited is compared with the 10 companies closest to it by revenue in the BFSI industry (Payment Gateways), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Rrindia Services Private Limited | ₹3.44 Lakh (FY 2022) | 64.0% | Pune, Maharashtra, India | |||
| Bitpay Fintech Private Limited | ₹3.41 Lakh (FY 2025) | Ujjain, Madhya Pradesh, India | ||||
| Easy Bill Private Limited | ₹3.16 Lakh (FY 2025) | 37.0% | New Delhi, Delhi, India | |||
| Wurknet Private Limited | ₹3.1 Lakh (FY 2024) | 659.0% | Mumbai, Maharashtra, India | |||
| Paymatrix Solutions Private Limited | ₹3.01 Lakh (FY 2025) | Pune, Maharashtra, India | ||||
| Freshpay IT Solutions Private Limitedthis company | ₹2.99 Lakh (FY 2018) | -₹1.85 Cr | 1478.0% | Gurgaon, Haryana, India | ||
| Allpay Services Private Limited | ₹2.98 Lakh (FY 2022) | Pathanamthitta, Kerala, India | ||||
| Ezee Pay Services Private Limited | ₹2.97 Lakh (FY 2024) | -82.0% | Chennai, Tamil Nadu, India | |||
| Simple Payments Private Limited | ₹2.88 Lakh (FY 2024) | -28.0% | Bangalore, Karnataka, India | |||
| Algodream Software Solutions Private Limited | ₹2.81 Lakh (FY 2025) | Noida, Uttar Pradesh, India | ||||
| Mbharat Wallet Private Limited | ₹2.5 Lakh (FY 2024) | 51.0% | Motihari, Bihar, India |
To see the full peer comparison of Freshpay IT Solutions Private Limited, buy the company report.
Auditor
Freshpay IT Solutions Private Limited is audited by SURI & SUDHIR for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SURI & SUDHIR | FY 2018 | 000601N |
Shareholding
The shareholding of Freshpay IT Solutions Private Limited is on record for FY 2018, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2018 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Freshpay IT Solutions Private Limited, buy the company report.
Legal cases
Freshpay IT Solutions Private Limited has 1 court case on record: 1 filed against it. All case is pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Central, Delhi | Criminal complaint | Filed against the company | Pending |
To see the full case history of Freshpay IT 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 Freshpay IT Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Freshpay IT Solutions Private Limited has 1 active EPFO establishment as of Apr 07, 2024.
GST
Freshpay IT Solutions has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AABCF4482F2ZR | Haryana | Active | 27 Apr 2018 |
To see the full GST registrations and return filing status of Freshpay IT Solutions Private Limited, buy the company report.
Recent activity
Freshpay IT Solutions Private Limited has 12 board changes on record since 2010: 2 appointments and 10 cessations. The latest: Abhilash Vasukuttan Pillai ceased to be Additional Director on 01 Feb 2019.
3 earlier events are in the company report.
Frequently asked questions
Freshpay IT Solutions is an active private limited company based in Gurgaon, Haryana, India. The company works in online payment gateways, within the financial services industry. It was incorporated on 17 December 2009 (17+ years old) and is registered under CIN U72900HR2009PTC039837.
Freshpay IT Solutions has 2 current directors:
- Abhilash Vasukuttan Pillai - Additional Director
- Ratan Singh - Additional Director
The latest financial statements of Freshpay IT Solutions on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 30 September 2018. Year-wise statements from 2015 are in the company report.
The GSTIN of Freshpay IT Solutions is 06AABCF4482F2ZR, registered in Haryana. 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 Freshpay IT Solutions is U72900HR2009PTC039837. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Freshpay IT Solutions has 1 court case on record: 1 filed against it. 1 is pending.
Freshpay IT Solutions was incorporated on 17 December 2009, making it 17+ years old. It is registered with the Registrar of Companies, Haryana.
The peers of Freshpay IT Solutions by revenue are Rrindia Services Private Limited, Bitpay Fintech Private Limited, Easy Bill Private Limited, Wurknet Private Limited, Paymatrix Solutions Private Limited and 5 more, all in the BFSI industry (Payment Gateways).
Abhilash Vasukuttan Pillai ceased to be Additional Director on 01 Feb 2019. Ratan Singh was appointed as Additional Director on 15 Dec 2017. Shaji Valiyaveetil ceased to be Additional Director on 15 Dec 2017. Freshpay IT Solutions has 12 board changes on record in total.
Freshpay IT Solutions can be reached through the website qiwi.in. Its registered office is in Gurgaon, Haryana, India.
The registered office of Freshpay IT Solutions is at House No.32014 Jacubpura, Gurgaon, Haryana, India – 122001.