About Mishipay India Private Limited
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Mishipay India Private Limited is a foreign private limited company based in Bangalore, Karnataka, India, a subsidiary of Mishipay Limited Uk. It operates in the online payment gateways segment of the financial services sector. It was incorporated on 30 September 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2016FTC096863. Its GSTIN is 29AAKCM5934C1ZB (Karnataka).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Mustafa Abedin Khanwala and Shankar Mangarool.
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 No:50 100 Feet Road Koramangala 4th Block, Bangalore, Karnataka, India – 560034.
As per the financials filed for FY 2024, the company reported a revenue of ₹6.56 Cr, a growth of 18% compared to the previous year. For the same year it recorded a net profit of ₹61.35 Lakh (net margin 9.3%) and EBITDA of ₹99.53 Lakh (EBITDA margin 15.2%). Revenue has grown at a compounded annual rate (CAGR) of 10% over three years and 32% over five years.
The company has about 22 employees on its provident fund (EPFO) records.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mishipay.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
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- Registered AddressNo:50 100 Feet Road Koramangala 4th Block, Bangalore, Karnataka, India – 560034
- 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 Mishipay India Private Limited
The main business activity of Mishipay India is information and communication. In detail, this covers publishing of computer operating systems, system software, application software, games, etc..
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J2 | Publishing of computer operating systems, system software, application software, games, etc. | 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 Mishipay India Private Limited FY 2025 filings available
Mishipay India Private Limited reported revenue of ₹6.56 Cr (up 18% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Mishipay India Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 32% over five years, including 18% growth in the latest year. EBITDA rose 9% 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 of Mishipay India Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹99.53 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹61.35 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 Mishipay India Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 15.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 9.3% | •••• | •••• | •••• | •••• |
| 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 Mishipay India are in the company report.
Financial statements from FY 2017
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 Mishipay India Private Limited
Mishipay India has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mustafa Abedin Khanwala | Director | 11 Mar 2019 | 7 Years 7 Months | Current |
| Shankar Mangarool Also directs: Metasparq India Private Limited | Director | 01 Nov 2022 | 3 Years 11 Months | Current |
Peer Comparison of Mishipay India Private Limited
Mishipay India 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 |
|---|---|---|---|---|---|---|
| Navya Unnati Solutions Private Limited | ₹7.8 Cr (FY 2025) | •••• | •••• | 219513.0% | •••• | Bangalore, Karnataka, India |
| Pay My Choice India Private Limited | ₹7.72 Cr (FY 2025) | •••• | •••• | 442.0% | •••• | Chennai, Tamil Nadu, India |
| Hylobiz Challenger Private Limited | ₹7.34 Cr (FY 2025) | •••• | •••• | -34.0% | •••• | Pune, Maharashtra, India |
| Payomatix Technologies Private Limited | ₹7.21 Cr (FY 2024) | •••• | •••• | 217.0% | •••• | New Delhi, Delhi, India |
| Euronet Infinitium Solutions Private Limited | ₹7.15 Cr (FY 2025) | •••• | •••• | 76.0% | •••• | Mumbai, Maharashtra, India |
| Mishipay India Private Limited this company | ₹6.56 Cr (FY 2024) | •••• | •••• | 18.0% | •••• | Bangalore, Karnataka, India |
| One On One Indus Private Limited | ₹6.24 Cr (FY 2022) | •••• | •••• | 403.0% | •••• | Bhopal, Madhya Pradesh, India |
| Ashingredients India Private Limited | ₹6.16 Cr (FY 2025) | •••• | •••• | 268.0% | •••• | M G Road, Karnataka, India |
| Digipros Enterprise Private Limited | ₹6.04 Cr (FY 2024) | •••• | •••• | 98.0% | •••• | Vapi, Gujarat, India |
| Mindeed Technologies and Services Private Limited | ₹5.87 Cr (FY 2025) | •••• | •••• | 61.0% | •••• | Chennai, Tamil Nadu, India |
| Parshwa Payserve Private Limited | ₹5.47 Cr (FY 2025) | •••• | •••• | -75.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Mishipay India 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 Mishipay India Private Limited
Mishipay India Private Limited is audited by Hiremath & Rathi Chartered Accountants for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Hiremath & Rathi Chartered Accountants | 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 Mishipay India 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 Mishipay India Private Limited
Mishipay India Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Mishipay India Private Limited
Mishipay India Private Limited has a workforce of 22 employees as of Apr 04, 2024.
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 Mishipay India Private Limited
Mishipay India Private Limited has 6 board changes on record since 2016: 4 appointments and 2 cessations. The latest: Shankar Mangarool was appointed as Director on 01 Nov 2022.
Credit Ratings, Litigation & Regulatory Alerts for Mishipay India 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 Mishipay India 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 Mishipay India 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 Mishipay India Private Limited
Mishipay India has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAKCM5934C1ZB | Karnataka | Active | 09 Oct 2018 |
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 Mishipay India 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.
Related news about Mishipay India Private Limited
Frequently Asked Questions about Mishipay India Private Limited
Mishipay India is an active foreign private limited company based in Bangalore, Karnataka, India. The company works in online payment gateways, within the financial services industry. It was incorporated on 30 September 2016 (10+ years old) and is registered under CIN U72900KA2016FTC096863.
Mishipay India reported revenue of ₹6.56 Cr for FY 2024 (up 18% YoY).
Mishipay India has 2 current directors:
- Mustafa Abedin Khanwala - Director
- Shankar Mangarool - Director
Mishipay India reported a net profit of ₹61.35 Lakh (net margin 9.3%) and EBITDA of ₹99.53 Lakh (EBITDA margin 15.2%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Mishipay India is 10% over three years and 32% over five years. In the latest year (FY 2024) revenue rose 18%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Mishipay India is 29AAKCM5934C1ZB, registered in Karnataka.
The CIN (Corporate Identification Number) of Mishipay India is U72900KA2016FTC096863. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mishipay India was incorporated on 30 September 2016, making it 10+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Mishipay India by revenue are Navya Unnati Solutions Private Limited, Pay My Choice India Private Limited, Hylobiz Challenger Private Limited, Payomatix Technologies Private Limited, Euronet Infinitium Solutions Private Limited and 5 more, all in the BFSI industry (Payment Gateways).
Shankar Mangarool was appointed as Director on 01 Nov 2022. Tanvi Bhardwaj ceased to be Director on 31 Oct 2022. Mayank Bhardwaj ceased to be Director on 12 Mar 2019. Mishipay India has 6 board changes on record in total.
Mishipay India can be reached through the website mishipay.com. Its registered office is in Bangalore, Karnataka, India.