India's Richest People 2026 edition · 1 director · Source: Hurun India
- #455 Neeraj Singh ₹7,800 Cr
Revenue · FY 2026
₹17.62 Cr
▼ 5% YoY
Net profit · FY 2026
₹9.6 Lakh
Net margin 0.5%
EBITDA · FY 2026
₹18.1 Lakh
EBITDA margin 1%
Authorised capital
₹25 Cr
Registered with MCA
Paid-up capital
₹9.49 Cr
Issued & subscribed
Company age
5 yrs
Est. 2021
Employees · EPFO
28
Provident fund records
Directors on board
3
As per MCA filings
About Groww Pay Services Private Limited
Data last updated:
Groww Pay Services Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Billionbrains Garage Ventures Private Limited. It operates in the online payment gateways segment of the financial services sector. It was incorporated on 02 July 2021 and has been in existence for over 5 years.
Its director Neeraj Singh is #455 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U67100KA2021PTC149048. Its GSTIN is 29AAJCG1130D1Z0 (Karnataka).
The company has an authorised share capital of ₹25 Cr and a paid-up capital of ₹9.49 Cr. It is led by directors including Ashutosh Ashok Naik and Neeraj Singh.
Its last annual general meeting (AGM) was held on 29 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Vaishnavi Tech Park, Bangalore, Karnataka.
As per the financials filed for FY 2026, the company reported a revenue of ₹17.62 Cr, a decline of 5% compared to the previous year. For the same year it recorded a net profit of ₹9.6 Lakh (net margin 0.5%) and EBITDA of ₹18.1 Lakh (EBITDA margin 1%). Revenue has grown at a compounded annual rate (CAGR) of 50% over three years.
The company has about 28 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Groww.
For more details, the company can be reached via its website groww.in.
Company details
CIN U67100KA2021PTC149048
Registration Number 149048
Incorporation Date 02 July 2021
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 29 August 2025
Date of Balance Sheet 31 March 2025
Parent Company Billionbrains Garage Ventures Private Limited
Recognitions & Rankings of Groww Pay Services
Contact details
Groww Pay Services Private Limited's registered office is in Bangalore, Karnataka. Its website is groww.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered AddressVaishnavi Tech Park South Tower 4th Floor, Survey No.16/1 And 17/2 Ambalipura Village Varthur Hobli, Bangalore, Karnataka, India – 560103
- IndustryFinancial Services, Online Payment Gateways
To see the full contact details of Groww Pay Services Private Limited, buy the company report.
Comprehensive company report
Groww Pay 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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Business activity
The main business activity of Groww Pay Services is information and communication. In detail, this covers other information & communication service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Groww Pay Services Private Limited, buy the company report.
Financials of Groww Pay Services Private Limited
FY 2025 filings availableGroww Pay Services Private Limited reported revenue of ₹17.62 Cr (down 5% YoY) for FY 2026.
Revenue · FY 2026
₹17.62 Cr ▼ 5%
Net profit · FY 2026
₹9.6 Lakh margin 0.5%
EBITDA · FY 2026
₹18.1 Lakh margin 1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 5%
3 years · compounded
▲ 50%
EBITDA CAGR growth
1 year
▲ 101%
3 years · compounded
▲ 31%
Revenue fell 5% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 50%. EBITDA rose 101% 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 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
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| EBITDA | ₹18.1 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹9.6 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1% | ||||
| Net Profit Margin | 0.5% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Groww Pay Services Private Limited, buy the company report.
Board of directors of Groww Pay Services Private Limited
Groww Pay Services has 3 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashutosh Ashok Naik Also directs: Groww Wealth Tech Private Limited, Groww Creditserv Technology Private Limited, Groww Trustee Limited and 2 more | Director | 02 Jul 2021 | 5 Years 3 Months | Current |
| Neeraj Singh Also directs: Billionbrains Garage Ventures Limited | Director | 10 Mar 2023 | 3 Years 7 Months | Current |
| Vikas Bansal | Director | 11 Jul 2024 | 2 Years 3 Months | Current |
Auditor
Groww Pay Services Private Limited is audited by TR Chadha & Co LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| TR Chadha & Co LLP | FY 2023 | 006711N/N500028 |
Shareholding
The shareholding of Groww Pay Services Private Limited is on record for FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Foreign institutional investors (FII) | |
| Public | |
| Others |
To see the full shareholding pattern of Groww Pay Services Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Groww Pay 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
Groww Pay Services Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2022, listing 1 overdue payment to 1 micro and small supplier. 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 (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Ocfo Enterprises Private Limited |
To see the full MSME payment records of Groww Pay Services Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Groww Pay Services Private Limited has a workforce of 28 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
Employee count
28
Active EPFO establishments
1
Employee growth
1300%
GST
Groww Pay Services has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAJCG1130D1Z0 | Karnataka | Active | 16 Sep 2021 |
To see the full GST registrations and return filing status of Groww Pay Services Private Limited, buy the company report.
Recent activity
Groww Pay Services Private Limited has 8 board changes on record since 2021: 3 appointments and 5 cessations. The latest: Vikas Bansal ceased to be Additional Director on 31 Jul 2024.
AGM
Groww Pay Services Private Limited last Annual general meeting of members was held on 29 Aug 2025 as per latest MCA records.
Filing
Groww Pay Services Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Ceased
Vikas Bansal ceased to be Additional Director.
Appointed
Vikas Bansal was appointed as Director.
Ceased
Abinav Prakash Viswanathan Karthik ceased to be Additional Director.
Ceased
Neeraj Singh ceased to be Additional Director.
Ceased
Harsh Jain ceased to be Director.
Ceased
Ishan Bansal ceased to be Director.
Appointed
Neeraj Singh was appointed as Director.
Appointed
Ashutosh Ashok Naik was appointed as Director.
Incorporation
02 Jul 2021
Groww Pay Services Private Limited was registered on 02 Jul 2021 with Roc Bangalore & aged 5 years 4 months as per MCA records.
News
Frequently asked questions
Groww Pay Services 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 02 July 2021 (5+ years old) and is registered under CIN U67100KA2021PTC149048.
Groww Pay Services has 3 current directors:
- Ashutosh Ashok Naik - Director
- Neeraj Singh - Director
- Vikas Bansal - Director
The latest financial statements of Groww Pay Services on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 August 2025. Year-wise statements from FY 2022 are in the company report.
The GSTIN of Groww Pay Services is 29AAJCG1130D1Z0, registered in Karnataka.
The CIN (Corporate Identification Number) of Groww Pay Services is U67100KA2021PTC149048. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Groww Pay Services was incorporated on 02 July 2021, making it 5+ years old. It is registered with the Registrar of Companies, Bangalore.
Vikas Bansal ceased to be Additional Director on 31 Jul 2024. Vikas Bansal was appointed as Director on 11 Jul 2024. Abinav Prakash Viswanathan Karthik ceased to be Additional Director on 24 Sep 2023. Groww Pay Services has 8 board changes on record in total.
Groww Pay Services has 1 MSME Form 1 return on record for the period ending Mar 2022, listing 1 overdue payment to 1 micro and small supplier. The latest return was filed on 30 Apr 2022.
Groww Pay Services can be reached through the website groww.in. Its registered office is in Bangalore, Karnataka, India.
The registered office of Groww Pay Services is at Vaishnavi Tech Park South Tower 4th Floor, Survey No.161 And 172 Ambalipura Village Varthur Hobli, Bangalore, Karnataka, India – 560103.
Groww Pay Services operates in the financial services industry, in the online payment gateways segment.
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