About Paycommerce Solutions Private Limited
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Paycommerce Solutions Private Limited is a private limited company based in Kochi, Kerala, India. It operates in the IT services segment of the technology and IT services sector. It was incorporated on 11 May 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U74140KL2010PTC068304. Its GSTIN is 32AABCO3200C1ZG (Kerala).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹4.2 Lakh. It was formerly known as Olive It Services Private Limited and Olive Advisory Services Private Limited. It is led by directors Sumit Agarwal and Ramesh Ramankutty.
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 8th Floor Bizco Spaces Infra Futura Building Seaport Airport Road Opp. Bmc Kakkanad, Kochi, Kerala, India – 682021.
The company has about 16 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 oliveits.com.
Company details
Name history
Paycommerce Solutions has undergone 2 name changes throughout its history. The company was previously known as Olive It Services Private Limited, and Olive Advisory Services Private Limited. The current legal name is Paycommerce Solutions Private Limited.
| Company Name | Status |
|---|---|
| Paycommerce Solutions Private Limited | Current |
| Olive It Services Private Limited | Previous |
| Olive Advisory Services Private Limited | Previous |
CIN history
Paycommerce Solutions has one previous CIN (Corporate Identification Number): U74140MH2010PTC202978. The current CIN is U74140KL2010PTC068304, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74140KL2010PTC068304 | Current |
| U74140MH2010PTC202978 | Previous |
Contact details
Paycommerce Solutions Private Limited's registered office is in Kochi, Kerala. Its website is oliveits.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address8th Floor Bizco Spaces Infra Futura Building Seaport Airport Road Opp. Bmc Kakkanad, Kochi, Kerala, India – 682021
- IndustryInformation Technology, Information Technology Services, Consultancy, Computer Programming
To see the full contact details of Paycommerce 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
Financials of Paycommerce Solutions Private Limited
FY 2025 filings availablePaycommerce Solutions Private Limited reported revenue of ₹8,704 (down 25% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 25% over five years, including a 25% fall 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
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Financial Ratios
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To see the full financial statements and ratios of Paycommerce Solutions Private Limited, buy the company report.
Board of directors of Paycommerce Solutions Private Limited
Paycommerce Solutions has 2 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sumit Agarwal | Director | 31 May 2021 | 5 Years 4 Months | Current |
| Ramesh Ramankutty Also directs: Millennium Ebs Private Limited | Director | 07 Sep 2020 | 6 Years 1 Months | Current |
Peer comparison
Paycommerce Solutions Private Limited is compared with the 10 companies closest to it by revenue in the Information Technology industry (IT Consulting and Services), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Nexys Technology Private Limited | ₹9,000 (FY 2024) | -87.0% | Mumbai, Maharashtra, India | |||
| Tuscon Technologies Private Limited | ₹9,000 (FY 2025) | Cal, West Bengal, India | ||||
| Biz Enhancer Analytics & Tech Private Limited | ₹9,000 (FY 2024) | -18.0% | Gurgaon, Haryana, India | |||
| Cassini Systems Private Limited | ₹8,797 (FY 2024) | -99.0% | Hyderabad, Telangana, India | |||
| Chemie Link Impex Private Limited | ₹8,725 (FY 2019) | -97.0% | New Delhi, Delhi, India | |||
| Paycommerce Solutions Private Limitedthis company | ₹8,704 (FY 2025) | -25.0% | 16 | Kochi, Kerala, India | ||
| Symmetrix Consulting Private Limited | ₹8,557 (FY 2025) | 16.0% | Bangalore, Karnataka, India | |||
| Ultranet Placeorder Private Limited | ₹8,500 (FY 2024) | Kanayannur, Kerala, India | ||||
| Intertel Technologies and Information Services Private Limited | ₹8,500 (FY 2024) | 1.0% | New Delhi, Delhi, India | |||
| Serviq Management Consulting Private Limited | ₹8,500 (FY 2021) | -96.0% | Chandigarh, India | |||
| Panso Solutions Private Limited | ₹8,445 (FY 2023) | -97.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Paycommerce Solutions Private Limited, buy the company report.
Auditor
Paycommerce Solutions Private Limited is audited by SHAH AND SAVLA LLP for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SHAH AND SAVLA LLP | FY 2016 | 109364W |
Shareholding
The shareholding of Paycommerce Solutions Private Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
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| Public | |||
| Others |
To see the full shareholding pattern of Paycommerce Solutions Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Paycommerce 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
No delayed payments to MSME suppliers are on our record for Paycommerce Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Paycommerce Solutions Private Limited has a workforce of 16 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Paycommerce Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 32AABCO3200C1ZG | Kerala | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Paycommerce Solutions Private Limited, buy the company report.
Recent activity
Paycommerce Solutions Private Limited has 14 board changes on record since 2014: 2 appointments and 12 cessations. The latest: Sumit Agarwal ceased to be Additional Director on 29 Nov 2021.
5 earlier events are in the company report.
Frequently asked questions
Paycommerce Solutions is an active private limited company based in Kochi, Kerala, India. The company works in information technology services, within the information technology industry. It was incorporated on 11 May 2010 (16+ years old) and is registered under CIN U74140KL2010PTC068304.
Paycommerce Solutions has 2 current directors:
- Sumit Agarwal - Director
- Ramesh Ramankutty - Director
The latest financial statements of Paycommerce Solutions on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Paycommerce Solutions is 32AABCO3200C1ZG, registered in Kerala.
The CIN (Corporate Identification Number) of Paycommerce Solutions is U74140KL2010PTC068304. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Paycommerce Solutions was incorporated on 11 May 2010, making it 16+ years old. It is registered with the Registrar of Companies, Ernakulam.
The peers of Paycommerce Solutions by revenue are Nexys Technology Private Limited, Tuscon Technologies Private Limited, Biz Enhancer Analytics & Tech Private Limited, Cassini Systems Private Limited, Chemie Link Impex Private Limited and 5 more, all in the Information Technology industry (IT Consulting and Services).
Sumit Agarwal ceased to be Additional Director on 29 Nov 2021. Rajesh Vankadara ceased to be Director on 31 May 2021. Sumit Agarwal was appointed as Director on 31 May 2021. Paycommerce Solutions has 14 board changes on record in total.
Paycommerce Solutions can be reached through the website oliveits.com. Its registered office is in Kochi, Kerala, India.
The registered office of Paycommerce Solutions is at 8th Floor Bizco Spaces Infra Futura Building Seaport Airport Road Opp. Bmc Kakkanad, Kochi, Kerala, India – 682021.
Paycommerce Solutions operates in the information technology industry, in the information technology services segment.