Startup India Government of India
Paycorp Solutions Private Limited - financial services in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹5.03 Cr
▲ 190% YoY
Net profit · FY 2024
₹82.58 Lakh
Net margin 16.4%
EBITDA · FY 2024
₹1.31 Cr
EBITDA margin 26.1%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹2.38 Lakh
Issued & subscribed
Company age
6 yrs
Est. 2020
Employees · EPFO
50
Provident fund records
Directors on board
4
As per MCA filings
About Paycorp Solutions Private Limited
Data last updated:
Paycorp Solutions Private Limited is a private limited company based in Bangalore, Karnataka, India, recognised as a startup by DPIIT. It operates in the digital payment solutions segment of the financial services sector. It was incorporated on 22 August 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2020PTC137568. Its GSTIN is 29AALCP3490P1ZH (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹2.38 Lakh. It is led by directors including Thenkarai Somanathan Karthikeyan and Maroli Prashant.
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 Bangalore, Karnataka.
As per the financials filed for FY 2024, the company reported a revenue of ₹5.03 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹82.58 Lakh (net margin 16.4%) and EBITDA of ₹1.31 Cr (EBITDA margin 26.1%). Revenue has grown at a compounded annual rate (CAGR) of 244% over three years.
The company has about 50 employees on its provident fund (EPFO) records.
Paycorp Solutions Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0160978). For more details, the company can be reached via its website paycorp.io.
Company details
CIN U72900KA2020PTC137568
Registration Number 137568
Incorporation Date 22 August 2020
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0160978
Key People
Thenkarai Somanathan Karthikeyan Director Maroli Prashant Director Anish Thomas Alex Director Recognitions & Rankings of Paycorp Solutions
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-KR-03-0160978
Contact details
Paycorp Solutions Private Limited's registered office is in Bangalore, Karnataka. Its website is paycorp.io. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address#421/M Shri Krishna Temple Road, Indiranagar 1st Stage, Bangalore, Karnataka, India – 560038
- IndustryFinancial Services, Digital Payment Solutions
To see the full contact details of Paycorp Solutions Private Limited, buy the company report.
Comprehensive company report
Paycorp Solutions 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activity of Paycorp Solutions is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Paycorp Solutions Private Limited, buy the company report.
Financials of Paycorp Solutions Private Limited
FY 2025 filings availablePaycorp Solutions Private Limited reported revenue of ₹5.03 Cr (up 190% YoY) for FY 2024.
Revenue · FY 2024
₹5.03 Cr ▲ 190%
Net profit · FY 2024
₹82.58 Lakh margin 16.4%
EBITDA · FY 2024
₹1.31 Cr margin 26.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 190%
3 years · compounded
▲ 244%
EBITDA CAGR growth
1 year
▲ 447%
3 years · compounded
▲ 289%
Revenue has grown at a compounded annual rate (CAGR) of 244% over three years, including 190% growth in the latest year. EBITDA rose 447% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|
| 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 | ₹1.31 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹82.58 Lakh | |||
| 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 26.1% | |||
| Net Profit Margin | 16.4% | |||
| 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 Paycorp Solutions Private Limited, buy the company report.
Board of directors of Paycorp Solutions Private Limited
Paycorp Solutions has 4 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Thenkarai Somanathan Karthikeyan Also directs: Syneca AI Private Limited, Evolvus Solutions Private Limited | Director | 22 Aug 2020 | 6 Years 2 Months | Current |
| Maroli Prashant Also directs: Evolvus Solutions Private Limited | Director | 22 Aug 2020 | 6 Years 2 Months | Current |
| Anish Thomas Alex | Director | 22 Aug 2020 | 6 Years 2 Months | Current |
| Balaji Jagannathan Also directs: Syneca AI Private Limited, Evolvus Solutions Private Limited | Director | 22 Aug 2020 | 6 Years 2 Months | Current |
Auditor
Paycorp Solutions Private Limited is audited by Nanjunda & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Nanjunda & Co | FY 2023 | 005514S |
Shareholding
The shareholding of Paycorp Solutions Private Limited is on record for 3 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 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Paycorp Solutions Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Paycorp 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 Paycorp Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Paycorp Solutions has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AALCP3490P1ZH | Karnataka | Active | 17 Oct 2020 |
To see the full GST registrations and return filing status of Paycorp Solutions Private Limited, buy the company report.
Recent activity
Paycorp Solutions Private Limited has 4 board changes on record since 2020: 4 appointments. The latest: Anish Thomas Alex was appointed as Director on 22 Aug 2020.
AGM
Paycorp Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Paycorp Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Appointed
Anish Thomas Alex was appointed as Director.
Appointed
Balaji Jagannathan was appointed as Director.
Appointed
Maroli Prashant was appointed as Director.
Appointed
Thenkarai Somanathan Karthikeyan was appointed as Director.
Incorporation
22 Aug 2020
Paycorp Solutions Private Limited was registered on 22 Aug 2020 with Roc Bangalore & aged 6 years 2 months as per MCA records.
News
Frequently asked questions
Paycorp Solutions is an active private limited company based in Bangalore, Karnataka, India. The company works in digital payment solutions, within the financial services industry. It was incorporated on 22 August 2020 (6+ years old) and is registered under CIN U72900KA2020PTC137568.
Paycorp Solutions has 4 current directors:
- Thenkarai Somanathan Karthikeyan - Director
- Maroli Prashant - Director
- Anish Thomas Alex - Director
- Balaji Jagannathan - Director
The latest financial statements of Paycorp 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 FY 2021 are in the company report.
The GSTIN of Paycorp Solutions is 29AALCP3490P1ZH, registered in Karnataka.
The CIN (Corporate Identification Number) of Paycorp Solutions is U72900KA2020PTC137568. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Paycorp Solutions was incorporated on 22 August 2020, making it 6+ years old. It is registered with the Registrar of Companies, Bangalore.
Anish Thomas Alex was appointed as Director on 22 Aug 2020. Balaji Jagannathan was appointed as Director on 22 Aug 2020. Maroli Prashant was appointed as Director on 22 Aug 2020. Paycorp Solutions has 4 board changes on record in total.
Yes, Paycorp Solutions is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Paycorp Solutions is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-03-0160978).
Paycorp Solutions can be reached through the website paycorp.io. Its registered office is in Bangalore, Karnataka, India.