MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-KR-03-0024165
Pay Asia Management Private Limited - business outsourcing in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹137.58 Cr
▼ 1% YoY
Net loss · FY 2023
₹6.81 Lakh
Net margin 0%
EBITDA · FY 2023
₹38.92 Lakh
EBITDA margin 0.3%
Authorised capital
₹60 Lakh
Registered with MCA
Paid-up capital
₹50.26 Lakh
Issued & subscribed
Company age
18 yrs
Est. 2008
Employees · EPFO
2,467
Provident fund records
Directors on board
2
As per MCA filings
About Pay Asia Management Private Limited
Data last updated:
Pay Asia Management Private Limited is a foreign private limited company based in Bangalore, Karnataka, India, a subsidiary of Pay Asia Pte Ltd. It operates in the HR outsourcing and talent management segment of the business process outsourcing sector. It was incorporated on 05 June 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U85300KA2008FTC046675. Its GSTIN is 29AAECP7191E1Z5 (Karnataka). The company holds 7 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹60 Lakh and a paid-up capital of ₹50.26 Lakh. It is led by directors Chennegowda Gowramma and Mark Stephen Malhotra Samlal.
Its last annual general meeting (AGM) was held on 05 December 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Leela Landmark Second Floor No.07 1st Cross 3rd Main Ashwini Layout Ejipura, Bangalore, Karnataka, India – 560047.
As per the financials filed for FY 2023, the company reported a revenue of ₹137.58 Cr, a decline of 1% compared to the previous year. For the same year it recorded a net loss of ₹6.81 Lakh (net margin 0%) and EBITDA of ₹38.92 Lakh (EBITDA margin 0.3%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years and 3% over five years.
The company has about 2,467 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: PayAsia.
Pay Asia Management Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0024165). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website payasia.asia.
Company details
CIN U85300KA2008FTC046675
Registration Number 046675
Incorporation Date 05 June 2008
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 05 December 2025
Date of Balance Sheet 31 March 2025
Parent Company Pay Asia Pte Ltd
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-KR-03-0024165
CIN history
Pay Asia Management has one previous CIN (Corporate Identification Number): U85300KA2008PTC046675. The current CIN is U85300KA2008FTC046675, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U85300KA2008FTC046675 | Current |
| U85300KA2008PTC046675 | Previous |
Recognitions & Rankings of Pay Asia Management
Contact details
Pay Asia Management Private Limited's registered office is in Bangalore, Karnataka. Its website is payasia.asia. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressLeela Landmark Second Floor No.07 1st Cross 3rd Main Ashwini Layout Ejipura, Bangalore, Karnataka, India – 560047
- IndustryBusiness Outsourcing, HR Outsourcing & Talent Management
To see the full contact details of Pay Asia Management Private Limited, buy the company report.
Comprehensive company report
Pay Asia Management Private Limited - one report that includes everything
- 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
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Secure checkout · GST invoice included
Brands
Pay Asia Management operates one associated brand: PayAsia. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Delivers comprehensive payroll management solutions for organizations. | payasia.asia |
Financials of Pay Asia Management Private Limited
FY 2025 filings availablePay Asia Management Private Limited reported revenue of ₹137.58 Cr (down 1% YoY) for FY 2023.
Revenue · FY 2023
₹137.58 Cr ▼ 1%
Net loss · FY 2023
₹6.81 Lakh margin 0%
EBITDA · FY 2023
₹38.92 Lakh margin 0.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 1%
3 years · compounded
▼ 1%
5 years · compounded
▲ 3%
EBITDA CAGR growth
1 year
▼ 18%
5 years · compounded
▼ 1%
Revenue fell 1% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 3%. EBITDA fell 18% 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
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹137.58 Cr | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹38.92 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹6.81 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0.3% | ||||
| Net Profit Margin | 0% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Pay Asia Management Private Limited, buy the company report.
Board of directors of Pay Asia Management Private Limited
Pay Asia Management has 2 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chennegowda Gowramma Also directs: Payasia BPO Payroll India Private Limited | Director | 01 Jul 2020 | 6 Years 4 Months | Current |
| Mark Stephen Malhotra Samlal Also directs: Payasia BPO Payroll India Private Limited | Director | 07 Apr 2015 | 11 Years 7 Months | Current |
Auditor
Pay Asia Management Private Limited is audited by Shastri & Malimutt for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Shastri & Malimutt | FY 2023 | 013350S |
Shareholding
The shareholding of Pay Asia Management Private Limited is on record for 5 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 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Pay Asia Management Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Pay Asia Management 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 Pay Asia Management Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Pay Asia Management Private Limited has a workforce of 2,467 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
Employee count
2,467
Active EPFO establishments
1
Employee growth
3.83%
GST
Pay Asia Management has 7 GST registrations: 1 active and 6 cancelled or inactive.
Total GSTINs
7
Active
1
Cancelled / inactive
6
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAECP7191E1Z5 | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Pay Asia Management Private Limited, buy the company report.
Recent activity
Pay Asia Management Private Limited has 12 board changes on record since 2011: 2 appointments and 10 cessations. The latest: Chennegowda Gowramma ceased to be Additional Director on 08 Jun 2021.
AGM
Pay Asia Management Private Limited last Annual general meeting of members was held on 05 Dec 2025 as per latest MCA records.
Filing
Pay Asia Management Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Ceased
Chennegowda Gowramma ceased to be Additional Director.
Appointed
Chennegowda Gowramma was appointed as Director.
Ceased
Sachin Goklaney ceased to be Additional Director.
Ceased
Nandikanti Srinivas Rao ceased to be Director.
Ceased
Lawrence Pushpam ceased to be Director.
Ceased
Simon Forrester ceased to be Director.
Ceased
Mark Stephen Malhotra Samlal ceased to be Additional Director.
Ceased
Sunil Girdhar ceased to be Managing Director.
Appointed
Mark Stephen Malhotra Samlal was appointed as Director.
Ceased
Michele Samantha Samlal ceased to be Director.
3 earlier events are in the company report.
Frequently asked questions
Pay Asia Management is an active foreign private limited company based in Bangalore, Karnataka, India. The company works in HR outsourcing and talent management, within the business outsourcing industry. It was incorporated on 05 June 2008 (18+ years old) and is registered under CIN U85300KA2008FTC046675.
Pay Asia Management has 2 current directors:
- Chennegowda Gowramma - Director
- Mark Stephen Malhotra Samlal - Director
The latest financial statements of Pay Asia Management on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 05 December 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Pay Asia Management is 29AAECP7191E1Z5, registered in Karnataka. The company has 7 GST registrations in all, of which 1 is active and 6 are cancelled or inactive.
The CIN (Corporate Identification Number) of Pay Asia Management is U85300KA2008FTC046675. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Pay Asia Management was incorporated on 05 June 2008, making it 18+ years old. It is registered with the Registrar of Companies, Bangalore.
Chennegowda Gowramma ceased to be Additional Director on 08 Jun 2021. Chennegowda Gowramma was appointed as Director on 01 Jul 2020. Sachin Goklaney ceased to be Additional Director on 30 Jun 2020. Pay Asia Management has 12 board changes on record in total.
Yes, Pay Asia Management is registered as a medium enterprise under Udyam registration (number: UDYAM-KR-03-0024165).
Pay Asia Management can be reached through the website payasia.asia. Its registered office is in Bangalore, Karnataka, India.
The registered office of Pay Asia Management is at Leela Landmark Second Floor No.07 1st Cross 3rd Main Ashwini Layout Ejipura, Bangalore, Karnataka, India – 560047.
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