About Payworld Digital Services Private Limited
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Payworld Digital Services Private Limited is a private limited company based in Gurgaon, Haryana, India. It operates in the digital payment solutions segment of the financial services sector. It was incorporated on 26 May 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74999HR2004PTC102278. Its GSTIN is 19AAICS2274B1ZF (West Bengal). The company holds 10 GST registrations, of which 4 are active.
The company has an authorised share capital of ₹13 Cr and a paid-up capital of ₹12.11 Cr. It was formerly known as Sugal & Damani Utility Services Private Limited. It is led by directors including Krishna Kumar Radheshyam Daga and Lalith Kumar Bafna.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Sector 53, Gurgaon, Haryana.
As per the financials filed for FY 2025, the company reported a revenue of ₹57.07 Cr, a decline of 7% compared to the previous year. For the same year it recorded a net loss of ₹2.48 Cr (net margin -4.3%) and EBITDA of -₹16.08 Lakh (EBITDA margin -0.3%). Revenue has grown at a compounded annual rate (CAGR) of 7% over three years and 2% over five years.
Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Payworld. Court records list 9 cases involving the company, including 5 filed by the company and 4 filed against it; 2 cases are pending. The company has 3 deals on record (2 rights issues, 1 secondary share transfer); the latest was in February 2020.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website payworldindia.com.
Company details
CIN history
Payworld Digital Services has one previous CIN (Corporate Identification Number): U74999DL2004PTC126600. The current CIN is U74999HR2004PTC102278, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74999HR2004PTC102278 | Current |
| U74999DL2004PTC126600 | Previous |
Contact details
Payworld Digital Services Private Limited's registered office is in Gurgaon, Haryana. Its website is payworldindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered AddressGF – 14 Ground Floor Block B Sector 53, Vatika Atrium Golf Course Road, Gurgaon, Haryana, India – 122002
- IndustryFinancial Services, Digital Payment Solutions
To see the full contact details of Payworld Digital Services 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
Brands
Payworld Digital Services operates one associated brand: Payworld. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Money transfer and bill payment solutions are enabled via agents. | payworldindia.com |
Business activity
The main business activity of Payworld Digital Services 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 Payworld Digital Services Private Limited, buy the company report.
Financials of Payworld Digital Services Private Limited
FY 2024 filings availablePayworld Digital Services Private Limited reported revenue of ₹57.07 Cr (down 7% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 7% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 2%. EBITDA rose 98% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | -₹16.08 Lakh | ||||
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| Net Profit (PAT) | -₹2.48 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -0.3% | ||||
| Net Profit Margin | -4.3% | ||||
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To see the full financial statements and ratios of Payworld Digital Services Private Limited, buy the company report.
Board of directors of Payworld Digital Services Private Limited
Payworld Digital Services has 5 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Krishna Kumar Radheshyam Daga | Director | 03 Apr 2025 | 1 Years 6 Months | Current |
| Lalith Kumar Bafna Also directs: Shudh Hospitality Private Limited | Director | 12 Apr 2022 | 4 Years 6 Months | Current |
| Ashok Kumar Sinha | Director | 03 Apr 2025 | 1 Years 6 Months | Current |
| Praveen Kumar Dhabhai Also directs: Otropay India Private Limited, Anthoupolis Technologies India Private Limited, Smart Payment Solutions Private Limited and 2 more | Director | 12 Apr 2022 | 4 Years 6 Months | Current |
| Nitesh Kumar Sharma | Director | 03 Apr 2025 | 1 Years 6 Months | Current |
Auditor
Payworld Digital Services Private Limited is audited by Walker Chandiok & Co LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Walker Chandiok & Co LLP | FY 2023 | 001076N/N500013 |
Shareholding
The shareholding of Payworld Digital Services Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Payworld Digital Services Private Limited, buy the company report.
Deals & funding
Payworld Digital Services Private Limited has 3 deals on record (2 rights issues, 1 secondary share transfer); the latest was in February 2020.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2020 | Rights issue | ₹14 Cr | Investors: Summit Fiscal Management LLP , Skill Lotto Solutions Private Limited |
| Mar 2016 | Rights issue | ₹9.45 Cr | Investors: Summit Fiscal Management LLP |
| Oct 2005 | Secondary share transfer | Undisclosed | Buyer: Skill Lotto Solutions Private Limited & S Prasan Chand, Skill Lotto Solutions Private Limited Seller: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Payworld Digital Services Private Limited has 9 court cases on record: 5 filed by Payworld Digital Services, 4 filed against it. 2 cases are pending and 7 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 2 | 0 |
| High courts | 3 | 1 | 1 |
| Supreme Court | 1 | 1 | 1 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case | Filed against the company by Interpress Publishers Private Ltd | Pending |
| High Court of Punjab and Haryana | Arbitration matter | Filed by the company against Inter Press Publishers Private Limited | Disposed |
| District court, Gurugram, Haryana | Cheque dishonour complaint | Filed by the company against Sri Samarth Utility Services Pvt Ltd and 2 others | Disposed |
| High Court of Delhi | Writ petition | Filed by the company against Union of India & Anr. | Pending |
| High Court of Punjab and Haryana | Criminal miscellaneous application | Filed against the company by M/S Sri Samrath Utility Services Pvt. Ltd and Others and 1 other | Disposed |
To see the full case history of Payworld Digital Services Private Limited, buy the company report.
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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Payworld Digital Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Payworld Digital Services has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Smart Payment Solutions Private Limited | U74140HR2008PTC102275 |
To see the full group structure of Payworld Digital Services Private Limited, buy the company report.
GST
Payworld Digital Services has 10 GST registrations: 4 active and 6 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AAICS2274B1ZF | West Bengal | Active | 01 Jul 2017 |
| 27AAICS2274B1ZI | Maharashtra | Active | 01 Jul 2017 |
| 37AAICS2274B1ZH | Andhra Pradesh | Active | 01 Jul 2017 |
| 07AAICS2274B3ZI | Delhi | Active | 27 Jul 2017 |
To see the full GST registrations and return filing status of Payworld Digital Services Private Limited, buy the company report.
Recent activity
Payworld Digital Services Private Limited has 16 board changes on record since 2016: 5 appointments and 11 cessations. The latest: Ashok Kumar Sinha was appointed as Director on 03 Apr 2025.
7 earlier events are in the company report.
News
Frequently asked questions
Payworld Digital Services is an active private limited company based in Gurgaon, Haryana, India. The company works in digital payment solutions, within the financial services industry. It was incorporated on 26 May 2004 (22+ years old) and is registered under CIN U74999HR2004PTC102278.
Payworld Digital Services has 5 current directors:
- Krishna Kumar Radheshyam Daga - Director
- Lalith Kumar Bafna - Director
- Ashok Kumar Sinha - Director
- Praveen Kumar Dhabhai - Director
- Nitesh Kumar Sharma - Director
The latest financial statements of Payworld Digital Services on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Payworld Digital Services is 19AAICS2274B1ZF, registered in West Bengal. The company has 10 GST registrations in all, of which 4 are active and 6 are cancelled or inactive. Other active GSTINs include 27AAICS2274B1ZI (Maharashtra), 37AAICS2274B1ZH (Andhra Pradesh), 07AAICS2274B3ZI (Delhi).
The CIN (Corporate Identification Number) of Payworld Digital Services is U74999HR2004PTC102278. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Payworld Digital Services has 9 court cases on record: 5 filed by the company and 4 filed against it. 2 are pending. Most are in the district courts.
Payworld Digital Services was incorporated on 26 May 2004, making it 22+ years old. It is registered with the Registrar of Companies, Delhi.
Payworld Digital Services has 3 deals on record (2 rights issues, 1 secondary share transfer); the latest was in February 2020.
Ashok Kumar Sinha was appointed as Director on 03 Apr 2025. Ashok Kumar Sinha ceased to be Additional Director on 03 Apr 2025. Krishna Kumar Radheshyam Daga was appointed as Director on 03 Apr 2025. Payworld Digital Services has 16 board changes on record in total.
Payworld Digital Services can be reached through the website payworldindia.com. Its registered office is in Gurgaon, Haryana, India.
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