About Otpless Solutions Private Limited
Data last updated:
Otpless Solutions Private Limited is a private limited company based in New Delhi, Delhi, India. It operates in the software development and support services segment of the technology and IT services sector. It was incorporated on 09 December 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U72900DL2021PTC391041. Its GSTIN is 07AADCO6494Q1ZK (Delhi). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹35 Lakh and a paid-up capital of ₹5.03 Lakh. It is led by directors including Satyam Nathani and Tanmay Sagar.
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 44 Backray Portion 2nd Floor, Regal Building, New Delhi, Delhi, India – 110001.
As per the financials filed for FY 2025, the company reported a revenue of ₹4.84 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹14.13 Cr (net margin -292.1%) and EBITDA of -₹13.87 Cr (EBITDA margin -286.7%).
The company has about 41 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: OTPless. The company has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹50.82 Cr; the latest was in May 2024. The company has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 10 overdue payments to 3 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website otpless.com.
Company details
Contact details
Otpless Solutions Private Limited's registered office is in New Delhi, Delhi. Its website is otpless.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address44 Backray Portion 2nd Floor, Regal Building, New Delhi, Delhi, India – 110001
- IndustryInformation Technology, Software Development & Support Services
To see the full contact details of Otpless Solutions Private Limited, buy the company report.
- 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
Brands
Otpless Solutions operates one associated brand: OTPless. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| OTPless authentication solutions are delivered via WhatsApp integration. | otpless.com |
Business activity
The main business activity of Otpless Solutions 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 Otpless Solutions Private Limited, buy the company report.
Financials of Otpless Solutions Private Limited
FY 2024 filings availableOtpless Solutions Private Limited reported revenue of ₹4.84 Cr (up 657% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 657% in the latest year. EBITDA rose 17% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|
| 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 | -₹13.87 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹14.13 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -286.7% | |||
| Net Profit Margin | -292.1% | |||
| 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 Otpless Solutions Private Limited, buy the company report.
Board of directors and KMP of Otpless Solutions Private Limited
Otpless Solutions Private Limited currently reports 3 directors and 1 key managerial person. 2 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chintan Kaushik Gandhi Also directs: Pantherun Technologies Private Limited, Serosoft Solutions Private Limited, Covalense Digital Solutions Private Limited and 2 more | Nominee Director | 26 Nov 2024 | 1 Years 10 Months | Current |
| Satyam Nathani | Director | 23 Aug 2022 | 4 Years 2 Months | Current |
| Tanmay Sagar | Director | 09 Dec 2021 | 4 Years 10 Months | Current |
| Bhavik Koladiya | Ceo | 01 Jan 2023 | 3 Years 9 Months | Current |
Auditor
Otpless Solutions Private Limited is audited by V T G & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V T G & CO | FY 2023 | 033993C |
Shareholding
The shareholding of Otpless Solutions Private Limited is on record for 2 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Otpless Solutions Private Limited, buy the company report.
Deals & funding
Otpless Solutions Private Limited has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹50.82 Cr; the latest was in May 2024.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2024 | Funding round · Pre-Series A | ₹29.22 Cr | Investors: Venture Highway, SIDBI Ventures, FJ Labs |
| Feb 2023 | Funding round · Seed | ₹21.6 Cr | Investors: Venture Highway, Angel List, White Venture Capital |
| Dec 2022 | Secondary share transfer | Undisclosed | Buyer: Finix Partners Private Limited , an individual Seller: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Otpless Solutions 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
Otpless Solutions Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 10 overdue payments to 3 micro and small suppliers. 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 (3 of 3)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Exotel Techcom Private Limited | |||
| Kubetron Technologies Private Limited | |||
| Drishti-Soft Solutions Private Limited |
To see the full MSME payment records of Otpless Solutions Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Otpless Solutions Private Limited has a workforce of 41 employees on its EPFO records as of May 11, 2024, across 1 active EPFO establishment.
GST
Otpless Solutions has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AADCO6494Q1ZK | Delhi | Active | 01 May 2022 |
| 24AADCO6494Q1ZO | Gujarat | Active | 01 Mar 2024 |
To see the full GST registrations and return filing status of Otpless Solutions Private Limited, buy the company report.
Recent activity
Otpless Solutions Private Limited has 6 board changes on record since 2021: 4 appointments and 2 cessations. The latest: Chintan Kaushik Gandhi was appointed as Nominee Director on 26 Nov 2024.
News
Frequently asked questions
Otpless Solutions is an active private limited company based in New Delhi, Delhi, India. The company works in software development and support services, within the information technology industry. It was incorporated on 09 December 2021 (5+ years old) and is registered under CIN U72900DL2021PTC391041.
Otpless Solutions has 4 current directors and KMP:
- Chintan Kaushik Gandhi - Nominee Director
- Satyam Nathani - Director
- Tanmay Sagar - Director
- Bhavik Koladiya - Ceo
The latest financial statements of Otpless 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 2022 are in the company report.
The GSTIN of Otpless Solutions is 07AADCO6494Q1ZK, registered in Delhi. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 24AADCO6494Q1ZO (Gujarat).
The CIN (Corporate Identification Number) of Otpless Solutions is U72900DL2021PTC391041. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Otpless Solutions was incorporated on 09 December 2021, making it 5+ years old. It is registered with the Registrar of Companies, Delhi.
Otpless Solutions has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹50.82 Cr; the latest was in May 2024.
Chintan Kaushik Gandhi was appointed as Nominee Director on 26 Nov 2024. Debraj Banerjee ceased to be Nominee Director on 22 Nov 2024. Dhartiben Vasani ceased to be Director on 10 Feb 2023. Otpless Solutions has 6 board changes on record in total.
Otpless Solutions has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 10 overdue payments to 3 micro and small suppliers. The latest return was filed on 01 May 2024.
Otpless Solutions can be reached through the website otpless.com. Its registered office is in New Delhi, Delhi, India.
The registered office of Otpless Solutions is at 44 Backray Portion 2nd Floor, Regal Building, New Delhi, Delhi, India – 110001.