About Paytail Commerce Private Limited
Data last updated:
Paytail Commerce Private Limited is a private limited company based in Gurgaon, Haryana, India, recognised as a startup by DPIIT. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the online financial services segment of the internet and digital services sector. It was incorporated on 07 September 2020.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U72900HR2020PTC089043. The company has 3 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹30 Lakh and a paid-up capital of ₹16.87 Lakh. It is led by directors including Vikas Garg (Whole-Time Director) and Amit Kumar Chaturvedi (Whole-Time Director).
Its last annual general meeting (AGM) was held on 31 October 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Sector 43, Gurgaon, Haryana.
As per the financials filed for FY 2023, the company reported a revenue of ₹21.39 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹20.58 Cr (net margin -96.2%) and EBITDA of -₹19.47 Cr (EBITDA margin -91%).
The company has about 45 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Paytail. Court records list 4 cases involving the company, including 3 filed against it. The company has 5 deals on record (2 rights issues, 2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹13.15 Cr; the latest was in September 2021. Its 10 peer companies in the Ecommerce and Internet industry (Finance) are compared by revenue, 5 larger and 5 smaller; the largest is Shree Ganga Finance Private Limited with revenue of ₹22.22 Cr.
The last known website on record is paytail.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressAltf Mpd Tower 2nd Floor, Golf Course Road Sector 43, Gurgaon, Haryana, India – 122002
- IndustryInternet, Online Financial Services
- 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
- One PDF report, delivered after checkout
Business Activity of Paytail Commerce Private Limited
The main business activity of Paytail Commerce is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Paytail Commerce Private Limited FY 2023 filings available
Paytail Commerce Private Limited reported revenue of ₹21.39 Cr (up 713% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR) of Paytail Commerce Private Limited
Revenue rose 713% in the latest year. EBITDA fell 244% in the latest year. All are worked out from the filed statements.
Financial Statement Summary of Paytail Commerce Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• |
| Total Revenue | ₹21.39 Cr | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• |
| EBITDA | -₹19.47 Cr | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• |
| Net Profit (PAT) | -₹20.58 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 of Paytail Commerce Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -91% | •••• | •••• |
| Net Profit Margin | -96.2% | •••• | •••• |
| 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 | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Paytail Commerce are in the company report.
Financial statements from FY 2021
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Paytail Commerce Private Limited
Paytail Commerce Private Limited is compared with the companies closest to it by revenue in the Ecommerce and Internet industry (Finance). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Shree Ganga Finance Private Limited | ₹22.22 Cr (FY 2025) | •••• | •••• | 66.0% | •••• | Jalandhar, Punjab, India |
| Shalibhadra Finance Limited Listed | ₹22.22 Cr (FY 2019) | •••• | •••• | 15.0% | •••• | Mumbai, Maharashtra, India |
| Zanmai Labs Private Limited | ₹22.03 Cr (FY 2025) | •••• | •••• | -56.0% | •••• | Mumbai, Maharashtra, India |
| PKF Finance Limited | ₹21.96 Cr (FY 2025) | •••• | •••• | 6.0% | •••• | Jalandhar, Punjab, India |
| Red Fort Capital Finance Company Private Limited | ₹21.7 Cr (FY 2025) | •••• | •••• | 26.0% | •••• | Mumbai, Maharashtra, India |
| Paytail Commerce Private Limited this company | ₹21.39 Cr (FY 2023) | •••• | •••• | 713.0% | •••• | Gurgaon, Haryana, India |
| Abans Finance Private Limited | ₹21.29 Cr (FY 2019) | •••• | •••• | 42.0% | •••• | Mumbai, Maharashtra, India |
| Goldline Finance Private Limited | ₹21.26 Cr (FY 2024) | •••• | •••• | 107.0% | •••• | Bangalore, Karnataka, India |
| Goldline Finance Private Limited | ₹21.26 Cr (FY 2024) | •••• | •••• | 107.0% | •••• | Delhi, India |
| Green Malabar Finance Ventures Limited | ₹21.23 Cr (FY 2025) | •••• | •••• | -2.0% | •••• | Chennai, Tamil Nadu, India |
| Sapphire Global Finance Private Limited | ₹21.18 Cr (FY 2025) | •••• | •••• | 44.0% | •••• | Kolkata, West Bengal, India |
Peers are the five companies nearest above and the five nearest below Paytail Commerce by revenue in the Ecommerce and Internet industry (Finance), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Paytail Commerce Private Limited
Paytail Commerce Private Limited is audited by Mridul Agarwal And Associates for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Mridul Agarwal And Associates | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Paytail Commerce Private Limited
Paytail Commerce has 5 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Balraj Menon Choorathil | Nominee Director | 25 Sep 2021 | 5 Years 0 Months | As last reported |
| Manisha Rawat Also directs: Felix Insolvency Professionals LLP, BN Peak Power-2 Private Limited, BN Peak Power-4 Private Limited and 5 more | Irp/Rp/Liquidator | 03 Sep 2024 | 2 Years 1 Months | As last reported |
| Vikas Garg Also directs: Text Wave Technologies Private Limited | Whole-Time Director | 23 Dec 2020 | 5 Years 9 Months | As last reported |
| Amit Kumar Chaturvedi | Whole-Time Director | 23 Dec 2020 | 5 Years 9 Months | As last reported |
| Manindra Kumar Tiwari Also directs: Resolvynx Consulting Private Limited | Irp/Rp/Liquidator | 12 Nov 2024 | 1 Years 11 Months | As last reported |
Ownership and Shareholding of Paytail Commerce Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Paytail Commerce Private Limited
Paytail Commerce Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding of Paytail Commerce Private Limited
Paytail Commerce Private Limited has 5 deals on record (2 rights issues, 2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹13.15 Cr; the latest was in September 2021.
Deals on record (4 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2021 | Funding round | ₹1.3 Cr | Investors: 3 individuals |
| Mar 2021 | Rights issue | ₹50 Lakh | Investors: 2 individuals |
| Jan 2021 | Rights issue | ₹9.5 Lakh | Investors: 2 individuals |
| Dec 2020 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
Full deal history
All 5 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Paytail Commerce Private Limited
Paytail Commerce Private Limited has 4 court cases on record: 3 filed against it, 1 where it is another party. All cases are disposed. Status as checked between 21 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 2 | 0 |
| District courts | 2 | 1 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Arbitration matter | Filed against the company by Crif High Mark Credit Information Services Private Limited | Disposed |
| Bombay High Court | Court case (CARAP) | Filed against the company by Fintree Finance Private Limited | Disposed |
| District court, South, Delhi | Commercial suit | Filed against the company by Brandcure Media Pvt. Ltd | Disposed |
| District court, Tiruchirappalli, Tamil Nadu | Civil suit | Company is another party | Disposed |
Full case history
All 4 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Associated Brands with Paytail Commerce Private Limited
Paytail Commerce operates one associated brand: Paytail. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Finance and e-commerce solutions are enabled via instant EMI loans. | paytail.com |
Employees and EPFO Compliance at Paytail Commerce Private Limited
Paytail Commerce Private Limited has a workforce of 45 employees as of Apr 07, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
News related to Paytail Commerce Private Limited
Recent Activity on Paytail Commerce Private Limited
Paytail Commerce Private Limited has 10 board changes on record since 2020: 5 appointments and 5 cessations. The latest: Manindra Kumar Tiwari was appointed as Irp/Rp/Liquidator on 12 Nov 2024.
1 earlier event is listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Paytail Commerce Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Paytail Commerce Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Paytail Commerce Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Paytail Commerce Private Limited
Paytail Commerce has 3 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Paytail Commerce Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Paytail Commerce Private Limited
Paytail Commerce is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Paytail Commerce is a company under insolvency, formerly operating as a private limited company based in Gurgaon, Haryana, India. The company works in online financial services, within the internet industry. It was incorporated on 07 September 2020 and is registered under CIN U72900HR2020PTC089043. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Paytail Commerce reported revenue of ₹21.39 Cr for FY 2023 (up 713% YoY).
Paytail Commerce has 5 current directors:
- Vikas Garg - Whole-Time Director
- Amit Kumar Chaturvedi - Whole-Time Director
- Balraj Menon Choorathil - Nominee Director
- Manisha Rawat - Irp/Rp/Liquidator
- Manindra Kumar Tiwari - Irp/Rp/Liquidator
Paytail Commerce reported a net loss of ₹20.58 Cr (net margin -96.2%) and EBITDA of -₹19.47 Cr (EBITDA margin -91%) for FY 2023, as per its filed financial statements.
The CIN (Corporate Identification Number) of Paytail Commerce is U72900HR2020PTC089043. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Paytail Commerce has 4 court cases on record: 3 filed against it. Most are in the high courts.
Paytail Commerce was incorporated on 07 September 2020. It is registered with the Registrar of Companies, Delhi.
Paytail Commerce has 5 deals on record (2 rights issues, 2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹13.15 Cr; the latest was in September 2021.
The peers of Paytail Commerce by revenue are Shree Ganga Finance Private Limited, Shalibhadra Finance Limited, Zanmai Labs Private Limited, PKF Finance Limited, Red Fort Capital Finance Company Private Limited and 5 more, all in the Ecommerce and Internet industry (Finance).
Manindra Kumar Tiwari was appointed as Irp/Rp/Liquidator on 12 Nov 2024. Manisha Rawat was appointed as Irp/Rp/Liquidator on 03 Sep 2024. Nishant Patni ceased to be Nominee Director on 22 Sep 2023. Paytail Commerce has 10 board changes on record in total.