Pagonxt Merchant Solutions India Private Limited
About Pagonxt Merchant Solutions India Private Limited
Data last updated:
Pagonxt Merchant Solutions India Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Pagonxt Merchant Solutions S.L.. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the business support services segment of the business services sector. It was incorporated on 04 November 2019.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74110MH2019PTC332473. Its GSTIN is 27AAHCT5851C1ZB (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹9.1 Cr. It was formerly known as Tekutina Private Limited. It is led by directors including Krishna Chamadia (Irp/Rp/Liquidator) and Sanjoy Kumar Nahata.
Its last annual general meeting (AGM) was held on 30 October 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 23 Floor – 2 Plot – 59/61 Arsiwala Mansion Nathalal Parikh Marg Colaba, Mumbai, Maharashtra, India – 400005.
As per the financials filed for FY 2023, the company reported a revenue of ₹20.77 Cr, a growth of 65% compared to the previous year. For the same year it recorded a net profit of ₹2.19 Cr (net margin 10.5%) and EBITDA of ₹2.17 Cr (EBITDA margin 10.5%).
The company has about 102 employees on its provident fund (EPFO) records.
Company details
CIN history
Pagonxt Merchant Solutions India has one previous CIN (Corporate Identification Number): U27320MH2019PTC332473. The current CIN is U74110MH2019PTC332473, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74110MH2019PTC332473 | Current |
| U27320MH2019PTC332473 | Previous |
Contact details
Pagonxt Merchant Solutions India Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address23 Floor – 2 Plot – 59/61 Arsiwala Mansion Nathalal Parikh Marg Colaba, Mumbai, Maharashtra, India – 400005
- IndustryBusiness Services, Business Support Services
To see the full contact details of Pagonxt Merchant Solutions India 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
Business activity
The main business activity of Pagonxt Merchant Solutions India is support service to organizations. In detail, this covers other support services to organizations.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N7 | Other support services to organizations |
To see the full business activity and turnover split of Pagonxt Merchant Solutions India Private Limited, buy the company report.
Financials of Pagonxt Merchant Solutions India Private Limited
FY 2024 filings availablePagonxt Merchant Solutions India Private Limited reported revenue of ₹20.77 Cr (up 65% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue rose 65% in the latest year. EBITDA rose 119% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹20.77 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹2.17 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹2.19 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 10.5% | |||
| Net Profit Margin | 10.5% | |||
| 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 Pagonxt Merchant Solutions India Private Limited, buy the company report.
Board of directors of Pagonxt Merchant Solutions India Private Limited
Pagonxt Merchant Solutions India has 5 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Krishna Chamadia Also directs: Keybridge Partners LLP, KSC Advisory Private Limited | Irp/Rp/Liquidator | 11 Apr 2025 | 1 Years 6 Months | As last reported |
| Sanjoy Kumar Nahata Also directs: Elg Lifesciences India Private Limited, RSG Media Systems Private Limited, Sis Prosegur Cash Logistics Private Limited and 1 more | Director | 12 Jan 2024 | 2 Years 9 Months | As last reported |
| Andres Garcia Ortega | Director | 28 Sep 2023 | 3 Years 1 Months | As last reported |
| Sreelekha Sankar | Director | 15 Dec 2020 | 5 Years 10 Months | As last reported |
| Jayesh Maniyur Pattathuvalapil | Director | 15 Dec 2020 | 5 Years 10 Months | As last reported |
Peer comparison
Pagonxt Merchant Solutions India Private Limited is compared with the 3 companies closest to it by revenue in the Business Services industry (Business Auxiliary Services), with the same principal business activity (other support services to organizations), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Pagonxt Merchant Solutions India Private Limitedthis company | ₹20.77 Cr (FY 2023) | ₹2.19 Cr | 10.5% | 65.0% | 102 | Mumbai, Maharashtra, India |
| Global Sustainable Sourcing India Private Limited | ₹12.72 Cr (FY 2024) | 13.0% | Gurgaon, Haryana, India | |||
| Brillpharma Private Limited | ₹12.5 Cr (FY 2025) | -2.0% | Mumbai, Maharashtra, India | |||
| Allied Telesis India Private Limited | ₹12.38 Cr (FY 2024) | 74.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Pagonxt Merchant Solutions India Private Limited, buy the company report.
Auditor
Pagonxt Merchant Solutions India Private Limited is audited by Price Waterhouse Char tered Accountants LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Price Waterhouse Char tered Accountants LLP | FY 2023 | 012754N/N500016 |
Shareholding
The shareholding of Pagonxt Merchant Solutions India Private Limited is on record for 4 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 | FY 2020 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Pagonxt Merchant Solutions India Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Pagonxt Merchant Solutions India 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
No delayed payments to MSME suppliers are on our record for Pagonxt Merchant Solutions India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Pagonxt Merchant Solutions India Private Limited has a workforce of 102 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
Pagonxt Merchant Solutions India has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAHCT5851C1ZB | Maharashtra | Active | 29 Oct 2020 |
| 33AAHCT5851C1ZI | Tamil Nadu | Active | 16 Mar 2021 |
To see the full GST registrations and return filing status of Pagonxt Merchant Solutions India Private Limited, buy the company report.
Recent activity
Pagonxt Merchant Solutions India Private Limited has 11 board changes on record since 2020: 5 appointments and 6 cessations. The latest: Krishna Chamadia was appointed as Irp/Rp/Liquidator on 11 Apr 2025.
2 earlier events are in the company report.
Frequently asked questions
Pagonxt Merchant Solutions India is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Pagonxt Merchant Solutions India is a company under liquidation, formerly operating as a private limited company based in Mumbai, Maharashtra, India. The company works in business support services, within the business services industry. It was incorporated on 04 November 2019 and is registered under CIN U74110MH2019PTC332473. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Pagonxt Merchant Solutions India has 5 current directors:
- Sanjoy Kumar Nahata - Director
- Andres Garcia Ortega - Director
- Sreelekha Sankar - Director
- Jayesh Maniyur Pattathuvalapil - Director
- Krishna Chamadia - Irp/Rp/Liquidator
The latest financial statements of Pagonxt Merchant Solutions India on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 October 2024. Year-wise statements from FY 2020 are in the company report.
The CIN (Corporate Identification Number) of Pagonxt Merchant Solutions India is U74110MH2019PTC332473. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Pagonxt Merchant Solutions India was incorporated on 04 November 2019. It is registered with the Registrar of Companies, Mumbai.
The peers of Pagonxt Merchant Solutions India by revenue are Global Sustainable Sourcing India Private Limited, Brillpharma Private Limited, Allied Telesis India Private Limited, all in the Business Services industry (Business Auxiliary Services), with the same principal business activity (other support services to organizations).
Krishna Chamadia was appointed as Irp/Rp/Liquidator on 11 Apr 2025. Sanjoy Kumar Nahata ceased to be Additional Director on 29 Oct 2024. Sanjoy Kumar Nahata was appointed as Director on 12 Jan 2024. Pagonxt Merchant Solutions India has 11 board changes on record in total.
The registered office of Pagonxt Merchant Solutions India is at 23 Floor – 2 Plot – 5961 Arsiwala Mansion Nathalal Parikh Marg Colaba, Mumbai, Maharashtra, India – 400005.
The GSTIN of Pagonxt Merchant Solutions India is 27AAHCT5851C1ZB, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 33AAHCT5851C1ZI (Tamil Nadu).
Pagonxt Merchant Solutions India operates in the business services industry, in the business support services segment.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
