Netpay Solutions Private Limited
About Netpay Solutions Private Limited
Data last updated:
Netpay Solutions Private Limited was a private limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Net1 Applied Technolgies Netherlands B.V.. The company has been dissolved under section 59(8) as per MCA records and no longer exists as a legal entity. Any dealings with a dissolved entity carry legal and financial risk. It operated in the financial services and investment segment of the financial services sector. It was incorporated on 03 May 2012.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U72300MH2012PTC230599. Its GSTIN is 27AAECN0003H1Z0 (Maharashtra).
The company had an authorised share capital of ₹5 Cr and a paid-up capital of ₹3.9 Cr. It was led by directors Dhruv Chopra and Mohit Tyagi.
Its last annual general meeting (AGM) was held on 31 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office was at 188 2nd Floor Raghuleela Mega Mall Boraspada Road Off Sv Road Kandivali West, Mumbai, Maharashtra, India – 400067.
As per the financials filed for FY 2020, the company reported a revenue of ₹2.71 Lakh, a decline of 87% compared to the previous year. For the same year it recorded a net loss of ₹3.36 Cr and EBITDA of -₹3.09 Cr. Revenue has grown at a compounded annual rate (CAGR) of 42% over three years and 74% over five years.
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- Registered Address188 2nd Floor Raghuleela Mega Mall Boraspada Road Off Sv Road Kandivali West, Mumbai, Maharashtra, India – 400067
- IndustryFinancial Services, Financial Activities
- 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 Netpay Solutions Private Limited
The main business activity of Netpay Solutions is financial and insurance service. In detail, this covers other financial activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial 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 Netpay Solutions Private Limited FY 2020 filings available
Netpay Solutions Private Limited reported revenue of ₹2.71 Lakh (down 87% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR) of Netpay Solutions Private Limited
Revenue fell 87% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 74%. 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 Netpay Solutions Private Limited
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| 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 | -₹3.09 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹3.36 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 of Netpay Solutions Private Limited
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| 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 | •••• | •••• | •••• | •••• | •••• |
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 Netpay 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.
Peer Comparison of Netpay Solutions Private Limited
Netpay Solutions Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Other financial activities). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sonswami India Nidhi Limited | ₹2.71 Lakh (FY 2021) | •••• | •••• | -13.0% | •••• | Bagaha, Bihar, India |
| Majestic Kuries Private Limited | ₹2.71 Lakh (FY 2025) | •••• | •••• | 46.0% | •••• | Thrissur, Kerala, India |
| Savitribai Fule Mahila Urban Nidhi Limited | ₹2.71 Lakh (FY 2020) | •••• | •••• | -24.0% | •••• | Ahmednagar, Maharashtra, India |
| Chitra Tradelink Private Limited | ₹2.71 Lakh (FY 2025) | •••• | •••• | -47.0% | •••• | Kolkata, West Bengal, India |
| JVS Karnpura Nidhi Limited | ₹2.71 Lakh (FY 2022) | •••• | •••• | 753.0% | •••• | Hazaribagh, Jharkhand, India |
| Netpay Solutions Private Limited this company | ₹2.71 Lakh (FY 2020) | •••• | •••• | -87.0% | •••• | Mumbai, Maharashtra, India |
| Incred Prime Finance Private Limited | ₹2.71 Lakh (FY 2024) | •••• | •••• | -98.0% | •••• | Mumbai, Maharashtra, India |
| Baghirathi Holdings Private Limited | ₹2.71 Lakh (FY 2021) | •••• | •••• | -100.0% | •••• | Bengaluru, Karnataka, India |
| Sakshalpimpri Urban Multipurpose Nidhi Limited | ₹2.71 Lakh (FY 2022) | •••• | •••• | •••• | Beed, Maharashtra, India | |
| Vart Consulting Private Limited | ₹2.71 Lakh (FY 2025) | •••• | •••• | 59.0% | •••• | Ghaziabad, Uttar Pradesh, India |
| HBF Nidhi Limited | ₹2.7 Lakh (FY 2024) | •••• | •••• | 501.0% | •••• | Noida, Uttar Pradesh, India |
Peers are the five companies nearest above and the five nearest below Netpay Solutions by revenue in the same principal business activity (Other financial activities), 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 Netpay Solutions Private Limited
Netpay Solutions Private Limited is audited by Deloitte Haskins & Sells LLP for the financial year 2017.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Deloitte Haskins & Sells LLP | 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.
Board of Directors of Netpay Solutions Private Limited
Netpay Solutions has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dhruv Chopra Also directs: Myan Advisors LLP | Director | 10 Dec 2014 | 11 Years 10 Months | As last reported |
| Mohit Tyagi Also directs: Eonia Enterprises LLP | Director | 26 Feb 2019 | 7 Years 7 Months | As last reported |
Ownership and Shareholding of Netpay 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 Netpay Solutions Private Limited
Netpay Solutions Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Netpay Solutions Private Limited
Employment history and EPFO contributions of people linked to Netpay 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 Netpay Solutions Private Limited
Netpay Solutions Private Limited has 8 board changes on record since 2014: 2 appointments and 6 cessations. The latest: Mohit Tyagi ceased to be Additional Director on 30 Sep 2019.
Credit Ratings, Litigation & Regulatory Alerts for Netpay 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 Netpay 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 Netpay 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 Netpay Solutions Private Limited
Netpay Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECN0003H1Z0 | Maharashtra | Active | 01 Jul 2017 |
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 Netpay 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 Netpay Solutions Private Limited
Netpay Solutions has been "Dissolved Under Section 59(8)" as per MCA records. The company has ceased to exist as a legal entity. Any contracts or dealings with a dissolved entity may be legally unenforceable.
Netpay Solutions was a private limited company based in Mumbai, Maharashtra, India. The company worked in financial activities, within the financial services industry. It was incorporated on 03 May 2012 and is registered under CIN U72300MH2012PTC230599. The company is recorded as dissolved under section 59(8) in MCA records and no longer exists as a legal entity.
Netpay Solutions was incorporated on 03 May 2012. It is registered with the Registrar of Companies, Mumbai.
Netpay Solutions had 2 directors:
- Dhruv Chopra - Director
- Mohit Tyagi - Director
The CIN (Corporate Identification Number) of Netpay Solutions is U72300MH2012PTC230599. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Netpay Solutions is at 188 2nd Floor Raghuleela Mega Mall Boraspada Road Off Sv Road Kandivali West, Mumbai, Maharashtra, India – 400067.
Netpay Solutions reported revenue of ₹2.71 Lakh for FY 2020 (down 87% YoY).
Netpay Solutions has an authorised share capital of ₹5 Cr and a paid-up capital of ₹3.9 Cr.
Netpay Solutions reported a net loss of ₹3.36 Cr and EBITDA of -₹3.09 Cr for FY 2020, as per its filed financial statements.
The GSTIN of Netpay Solutions is 27AAECN0003H1Z0, registered in Maharashtra.
Netpay Solutions operated in the financial services industry, in the financial activities segment.