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Makspay Fintech Solutions Private Limited - financial services in Hyderabad, Telangana, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹3.02 Lakh
▼ 93% YoY
Net loss · FY 2024
₹98.02 Lakh
Latest filing
EBITDA · FY 2024
-₹95.8 Lakh
Latest filing
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹1.34 Lakh
Issued & subscribed
Company age
6 yrs
Est. 2020
Directors on board
2
As per MCA filings
Active GSTINs
1
GST registered
About Makspay Fintech Solutions Private Limited
Data last updated:
Makspay Fintech Solutions Private Limited is a private limited company based in Hyderabad, Telangana, India, recognised as a startup by DPIIT. It operates in the digital payment solutions segment of the financial services sector. It was incorporated on 17 September 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U74999TG2020PTC143997. Its GSTIN is 36AANCM8219P1ZM (Telangana).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1.34 Lakh. It is led by directors Shiva Prasad Palancha and Kavitha Sunderam.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Hyderabad, Telangana.
As per the financials filed for FY 2024, the company reported a revenue of ₹3.02 Lakh, a decline of 93% compared to the previous year. For the same year it recorded a net loss of ₹98.02 Lakh and EBITDA of -₹95.8 Lakh.
The company is associated with 2 brands: PehchanPe and MAKSPay. Court records list 5 cases involving the company, including 5 filed against it; 1 case is pending.
Makspay Fintech Solutions Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-TS-09-0003226). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website makspay.com.
Company details
CIN U74999TG2020PTC143997
Registration Number 143997
Incorporation Date 17 September 2020
ROC Hyderabad
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-TS-09-0003226
Recognitions & Rankings of Makspay Fintech Solutions
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2020-21)
- Udyam number
- UDYAM-TS-09-0003226
Contact details
Makspay Fintech Solutions Private Limited's registered office is in Hyderabad, Telangana. Its website is makspay.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressT – Hub Plot No. 1/C Sy. No. 83/1, Raidurgam Panmaktha Knowledge City Serilingampally, Hyderabad, Telangana, India – 500081
- IndustryFinancial Services, Digital Payment Solutions
To see the full contact details of Makspay Fintech Solutions Private Limited, buy the company report.
Comprehensive company report
Makspay Fintech Solutions 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
Makspay Fintech Solutions operates two associated brands: PehchanPe and MAKSPay. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Digital platform providing loans to small businesses and financial institutions via streamlined processes. | pehchanpe.com | |
| Provider of AI-enabled platform for consumer and business loans | makspay.com |
Business activity
The main business activity of Makspay Fintech Solutions is financial and insurance service. In detail, this covers financial advisory, brokerage and consultancy services.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K7 | Financial Advisory, brokerage and Consultancy Services |
To see the full business activity and turnover split of Makspay Fintech Solutions Private Limited, buy the company report.
Financials of Makspay Fintech Solutions Private Limited
FY 2024 filings availableMakspay Fintech Solutions Private Limited reported revenue of ₹3.02 Lakh (down 93% YoY) for FY 2024.
Revenue · FY 2024
₹3.02 Lakh ▼ 93%
Net loss · FY 2024
₹98.02 Lakh
EBITDA · FY 2024
-₹95.8 Lakh
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 93%
EBITDA CAGR growth
1 year
▼ 752%
3 years · compounded
▼ 112%
Revenue fell 93% in the latest year. EBITDA fell 752% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|
| 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 | -₹95.8 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹98.02 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|
| 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 Makspay Fintech Solutions Private Limited, buy the company report.
Board of directors of Makspay Fintech Solutions Private Limited
Makspay Fintech Solutions has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shiva Prasad Palancha Also directs: Shiray Tech Private Limited | Director | 17 Sep 2020 | 6 Years 1 Months | Current |
| Kavitha Sunderam | Director | 17 Sep 2020 | 6 Years 1 Months | Current |
Auditor
Makspay Fintech Solutions Private Limited is audited by Kanu Doshi Associates LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Kanu Doshi Associates LLP | FY 2023 | 104746W/W100096 |
Shareholding
The shareholding of Makspay Fintech Solutions Private Limited is on record for 3 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Makspay Fintech Solutions Private Limited, buy the company report.
Legal cases
Makspay Fintech Solutions Private Limited has 5 court cases on record: 5 filed against it. 1 case is pending and 4 are disposed.
Total cases
5
Filed against the company
5
Pending
1
Disposed
4
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 4 | 1 |
| High courts | 1 | 1 | 0 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Arbitration matter | Filed against the company by Searce Cosourcing Services Private Limited Through Its Authorized Representative Ms Diwyata Burbure | Disposed |
| District court, Mohali, Punjab | Civil suit | Filed against the company by Innores Analytics LLP | Disposed |
| District court, Hyderabad CCC, Telangana | Appeal | Filed against the company by an individual | Pending |
| District court, Hyderabad CCC, Telangana | Appeal | Filed against the company by an individual | Disposed |
| District court, Hyderabad Central, Telangana | Court case (STC- NI) | Filed against the company by an individual | Disposed |
To see the full case history of Makspay Fintech 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 Makspay Fintech Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Makspay Fintech Solutions has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AANCM8219P1ZM | Telangana | Active | 21 Oct 2020 |
To see the full GST registrations and return filing status of Makspay Fintech Solutions Private Limited, buy the company report.
Recent activity
Makspay Fintech Solutions Private Limited has 2 board changes on record since 2020: 2 appointments. The latest: Kavitha Sunderam was appointed as Director on 17 Sep 2020.
AGM
Makspay Fintech Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Makspay Fintech Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Hyderabad.
Appointed
Kavitha Sunderam was appointed as Director.
Appointed
Shiva Prasad Palancha was appointed as Director.
Incorporation
17 Sep 2020
Makspay Fintech Solutions Private Limited was registered on 17 Sep 2020 with Roc Hyderabad & aged 6 years 2 months as per MCA records.
Frequently asked questions
Makspay Fintech Solutions is an active private limited company based in Hyderabad, Telangana, India. The company works in digital payment solutions, within the financial services industry. It was incorporated on 17 September 2020 (6+ years old) and is registered under CIN U74999TG2020PTC143997.
Makspay Fintech Solutions has 2 current directors:
- Shiva Prasad Palancha - Director
- Kavitha Sunderam - Director
The latest financial statements of Makspay Fintech Solutions on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2021 are in the company report.
The GSTIN of Makspay Fintech Solutions is 36AANCM8219P1ZM, registered in Telangana.
The CIN (Corporate Identification Number) of Makspay Fintech Solutions is U74999TG2020PTC143997. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Makspay Fintech Solutions has 5 court cases on record: 5 filed against it. 1 is pending. Most are in the district courts.
Makspay Fintech Solutions was incorporated on 17 September 2020, making it 6+ years old. It is registered with the Registrar of Companies, Hyderabad.
Kavitha Sunderam was appointed as Director on 17 Sep 2020. Shiva Prasad Palancha was appointed as Director on 17 Sep 2020.
Yes, Makspay Fintech Solutions is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Makspay Fintech Solutions is registered as a micro enterprise under Udyam registration (number: UDYAM-TS-09-0003226).
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