Merchantpay Solutions Private Limited
About Merchantpay Solutions Private Limited
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Merchantpay Solutions Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the online payment gateways segment of the financial services sector. It was incorporated on 18 July 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72300MH2013PTC245843. Its GSTIN is 27AAICM7125R1ZR (Maharashtra).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Sudhir Narayan Abba and Pawankumar Jawahar Lal Jain.
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at 201 Floor – 2 Plot – 577 Triveni Apartment N M Joshi Marg Byculla (W), Mumbai, Maharashtra, India – 400027.
As per the financials filed for FY 2021, the company reported a revenue of ₹72.91 Lakh. For the same year it recorded a net profit of ₹1.91 Lakh (net margin 2.6%) and EBITDA of ₹2.31 Lakh (EBITDA margin 3.2%). Revenue has grown at a compounded annual rate (CAGR) of 552% over three years and 46% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered Address201 Floor – 2 Plot – 577 Triveni Apartment N M Joshi Marg Byculla (W), Mumbai, Maharashtra, India – 400027
- IndustryFinancial Services, Online Payment Gateways
- 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 Merchantpay Solutions Private Limited
The main business activity of Merchantpay Solutions is information and communication. In detail, this covers other information & communication service activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service 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 Merchantpay Solutions Private Limited FY 2021 filings available
Merchantpay Solutions Private Limited reported revenue of ₹72.91 Lakh for FY 2021.
Compounded Annual Growth Rate (CAGR) of Merchantpay Solutions Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 46% over five years. 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 Merchantpay Solutions Private Limited
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| 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 | ₹2.31 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.91 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 Merchantpay Solutions Private Limited
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 2.6% | •••• | •••• | •••• | •••• |
| 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 Merchantpay Solutions are in the company report.
Financial statements from 2015
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.
Board of Directors of Merchantpay Solutions Private Limited
Merchantpay Solutions has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pawankumar Jawahar Lal Jain Also directs: Kartepay Technologies LLP, Pharmsquare Medicos LLP, Kwicktix Travel Services LLP and 5 more | Additional Director | 20 Jan 2016 | 10 Years 8 Months | Current |
| Sudhir Narayan Abba Also directs: Kwicktix Travel Services LLP, Systemswift Technologies LLP, Primenexa Digital Solutions Private Limited and 2 more | Director | 18 Jul 2013 | 13 Years 3 Months | Current |
Peer Comparison of Merchantpay Solutions Private Limited
Merchantpay Solutions Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Payment Gateways). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Grezpay Technology Private Limited | ₹79.66 Lakh (FY 2021) | •••• | •••• | 1767.0% | •••• | New Delhi, Delhi, India |
| Rayrton Prime Private Limited | ₹78.6 Lakh (FY 2020) | •••• | •••• | 4611.0% | •••• | New Delhi, Delhi, India |
| Tap Smart Data Information Services Private Limited | ₹78.44 Lakh (FY 2024) | •••• | •••• | 144.0% | •••• | Mumbai, Maharashtra, India |
| Volant Infoserve Private Limited | ₹73.74 Lakh (FY 2025) | •••• | •••• | -58.0% | •••• | Thane, Maharashtra, India |
| Naval Kishori Communications Private Limited | ₹73.18 Lakh (FY 2025) | •••• | •••• | 1129.0% | •••• | Delhi, India |
| Merchantpay Solutions Private Limited this company | ₹72.91 Lakh (FY 2021) | •••• | •••• | •••• | Mumbai, Maharashtra, India | |
| Payverticals Technology Private Limited | ₹67.81 Lakh (FY 2025) | •••• | •••• | -16.0% | •••• | Delhi, India |
| Millennial Card Technologies Private Limited | ₹65.97 Lakh (FY 2021) | •••• | •••• | 116.0% | •••• | New Delhi, Delhi, India |
| Payrbp India Private Limited | ₹64.08 Lakh (FY 2025) | •••• | •••• | -69.0% | •••• | Bangalore, Karnataka, India |
| Panmitra Online Service Private Limited | ₹62 Lakh (FY 2025) | •••• | •••• | 828.0% | •••• | Belgaum, Karnataka, India |
| Npay Box Private Limited | ₹57.54 Lakh (FY 2024) | •••• | •••• | -92.0% | •••• | Delhi, India |
Peers are the five companies nearest above and the five nearest below Merchantpay Solutions by revenue in the BFSI industry (Payment Gateways), 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 Merchantpay Solutions Private Limited
Merchantpay Solutions Private Limited is audited by SHARMA PATEL & ASSOCIATES for the financial year 2019.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SHARMA PATEL & ASSOCIATES | 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.
Ownership and Shareholding of Merchantpay Solutions 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 Merchantpay Solutions Private Limited
Merchantpay Solutions Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Merchantpay Solutions Private Limited
Employment history and EPFO contributions of people linked to Merchantpay Solutions.
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.
Recent Activity on Merchantpay Solutions Private Limited
Merchantpay Solutions Private Limited has 3 board changes on record since 2013: 2 appointments and 1 cessation. The latest: Shivani Tulsi Batham ceased to be Director on 01 Oct 2020.
Credit Ratings, Litigation & Regulatory Alerts for Merchantpay Solutions 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.
MSME Payment Delays by Merchantpay Solutions Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Merchantpay Solutions 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 Merchantpay Solutions Private Limited
Merchantpay Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAICM7125R1ZR | Maharashtra | Active | 20 Jul 2020 |
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 Merchantpay Solutions 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 Merchantpay Solutions Private Limited
Merchantpay Solutions is an active private limited company based in Mumbai, Maharashtra, India. The company works in online payment gateways, within the financial services industry. It was incorporated on 18 July 2013 (13+ years old) and is registered under CIN U72300MH2013PTC245843.
Merchantpay Solutions reported revenue of ₹72.91 Lakh for FY 2021.
Merchantpay Solutions has 2 current directors:
- Pawankumar Jawahar Lal Jain - Additional Director
- Sudhir Narayan Abba - Director
Merchantpay Solutions reported a net profit of ₹1.91 Lakh (net margin 2.6%) and EBITDA of ₹2.31 Lakh (EBITDA margin 3.2%) for FY 2021, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Merchantpay Solutions is 552% over three years and 46% over five years. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Merchantpay Solutions is 27AAICM7125R1ZR, registered in Maharashtra.
The CIN (Corporate Identification Number) of Merchantpay Solutions is U72300MH2013PTC245843. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Merchantpay Solutions was incorporated on 18 July 2013, making it 13+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Merchantpay Solutions by revenue are Grezpay Technology Private Limited, Rayrton Prime Private Limited, Tap Smart Data Information Services Private Limited, Volant Infoserve Private Limited, Naval Kishori Communications Private Limited and 5 more, all in the BFSI industry (Payment Gateways).
Shivani Tulsi Batham ceased to be Director on 01 Oct 2020. Pawankumar Jawahar Lal Jain was appointed as Additional Director on 20 Jan 2016. Sudhir Narayan Abba was appointed as Director on 18 Jul 2013.
The registered office of Merchantpay Solutions is at 201 Floor – 2 Plot – 577 Triveni Apartment N M Joshi Marg Byculla W, Mumbai, Maharashtra, India – 400027.