MSME (Udyam registered) Ministry of MSME
- Category
- Small (2023-24)
- Udyam number
- UDYAM-UP-50-0053064
Shake Hand Payment Network Private Limited
Shake Hand Payment Network Private Limited - telecom in Lucknow, Uttar Pradesh, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹8.53 Cr
▼ 20% YoY
Net profit · FY 2024
₹1.09 Lakh
Net margin 0.1%
EBITDA · FY 2024
₹1.58 Lakh
EBITDA margin 0.2%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹4 Lakh
Issued & subscribed
Company age
6 yrs
Est. 2020
Directors on board
3
As per MCA filings
Active GSTINs
1
GST registered
About Shake Hand Payment Network Private Limited
Data last updated:
Shake Hand Payment Network Private Limited is a private limited company based in Lucknow, Uttar Pradesh, India. It operates in the mobile value-added services (vas) segment of the telecommunications sector. It was incorporated on 15 July 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Uttar Pradesh, under CIN U66190UP2020PTC130988. Its GSTIN is 09ABDCS9686H1ZL (Uttar Pradesh).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹4 Lakh. It is led by directors including Mohit Srivastava and Rahul Kumar Srivastava.
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 Lucknow, Uttar Pradesh.
As per the financials filed for FY 2024, the company reported a revenue of ₹8.53 Cr, a decline of 20% compared to the previous year. For the same year it recorded a net profit of ₹1.09 Lakh (net margin 0.1%) and EBITDA of ₹1.58 Lakh (EBITDA margin 0.2%). Revenue has grown at a compounded annual rate (CAGR) of 19% over three years.
Shake Hand Payment Network Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-UP-50-0053064). The current compliance status is marked as compliant by the Registrar of Companies.
Company Details of Shake Hand Payment Network Private Limited
CIN U66190UP2020PTC130988
Registration Number 130988
Incorporation Date 15 July 2020
ROC Uttar Pradesh
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-UP-50-0053064
CIN History of Shake Hand Payment Network Private Limited
Shake Hand Payment Network has one previous CIN (Corporate Identification Number): U64200UP2020PTC130988. The current CIN is U66190UP2020PTC130988, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U66190UP2020PTC130988 | Current |
| U64200UP2020PTC130988 | Previous |
Key People
Mohit Srivastava Director Rahul Kumar Srivastava Director Vivek Kumar Srivastava Director Recognitions & Rankings of Shake Hand Payment Network
Contact Details
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered AddressFf – 18 Goel Palace Sanjay Gandhi Puram, Indira Nagar Faizabad Road Near Lekhraj Metro Station, Lucknow, Uttar Pradesh, India – 226016
- IndustryTelecom, Mobile Value-Added Services (VAS)
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Business Activity of Shake Hand Payment Network Private Limited
The main business activity of Shake Hand Payment Network is information and communication. In detail, this covers other information & communication service activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
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Financials of Shake Hand Payment Network Private Limited FY 2025 filings available
Shake Hand Payment Network Private Limited reported revenue of ₹8.53 Cr (down 20% YoY) for FY 2024.
Revenue · FY 2024
₹8.53 Cr ▼ 20%
Net profit · FY 2024
₹1.09 Lakh margin 0.1%
EBITDA · FY 2024
₹1.58 Lakh margin 0.2%
Compounded Annual Growth Rate (CAGR) of Shake Hand Payment Network Private Limited
Revenue CAGR growth
1 year
▼ 20%
3 years · compounded
▲ 19%
EBITDA CAGR growth
1 year
▼ 13%
3 years · compounded
▲ 56%
Revenue fell 20% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 19%. EBITDA fell 13% 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 of Shake Hand Payment Network Private Limited
| 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 | ₹1.58 Lakh | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.09 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 of Shake Hand Payment Network Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 0.2% | •••• | •••• | •••• |
| Net Profit Margin | 0.1% | •••• | •••• | •••• |
| 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 Shake Hand Payment Network are in the company report.
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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.
Board of Directors of Shake Hand Payment Network Private Limited
Shake Hand Payment Network has 3 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mohit Srivastava Also directs: Shake Hand E Biz LLP, Shake Hand Services Private Limited, Unnisis Techlife Private Limited and 1 more | Director | 15 Jul 2020 | 6 Years 3 Months | Current |
| Rahul Kumar Srivastava | Director | 15 Jul 2020 | 6 Years 3 Months | Current |
| Vivek Kumar Srivastava | Director | 15 Jul 2020 | 6 Years 3 Months | Current |
Peer Comparison of Shake Hand Payment Network Private Limited
Shake Hand Payment Network Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Payment Solution Providers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Area Tech Solutions Private Limited | ₹8.95 Cr (FY 2024) | •••• | •••• | 28.0% | •••• | Jaipur, Rajasthan, India |
| DRK Technosoft Private Limited | ₹8.93 Cr (FY 2025) | •••• | •••• | 30.0% | •••• | Jodhpur, Rajasthan, India |
| Greenpay Network Private Limited | ₹8.8 Cr (FY 2024) | •••• | •••• | 900.0% | •••• | Jewer, Uttar Pradesh, India |
| Ogs Paylab Private Limited | ₹8.76 Cr (FY 2024) | •••• | •••• | 48.0% | •••• | Chennai, Tamil Nadu, India |
| Ezswype Business Solutions Private Limited | ₹8.54 Cr (FY 2024) | •••• | •••• | 79.0% | •••• | Gurgaon, Haryana, India |
| Shake Hand Payment Network Private Limited this company | ₹8.53 Cr (FY 2024) | •••• | •••• | -20.0% | •••• | Lucknow, Uttar Pradesh, India |
| Ria Money Transfer Services Private Limited | ₹8.51 Cr (FY 2024) | •••• | •••• | -1.0% | •••• | Thane, Maharashtra, India |
| Switchpay Solutions Private Limited | ₹8.5 Cr (FY 2022) | •••• | •••• | 222703.0% | •••• | Pune, Maharashtra, India |
| Spaid Esolutions Private Limited | ₹8.47 Cr (FY 2025) | •••• | •••• | •••• | Nasirabad, Rajasthan, India | |
| Ufs Digital Limited | ₹7.99 Cr (FY 2025) | •••• | •••• | 113.0% | •••• | Mumbai, Maharashtra, India |
| Way to Add India Private Limited | ₹7.95 Cr (FY 2021) | •••• | •••• | •••• | Bhubaneswar, Odisha, India |
Peers are the five companies nearest above and the five nearest below Shake Hand Payment Network by revenue in the BFSI industry (Payment Solution Providers), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Charges & Borrowings of Shake Hand Payment Network Private Limited
Shake Hand Payment Network Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Shake Hand Payment Network Private Limited
Employment history and EPFO contributions of people linked to Shake Hand Payment Network.
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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.
Recent Activity on Shake Hand Payment Network Private Limited
Shake Hand Payment Network Private Limited has 3 board changes on record since 2020: 3 appointments. The latest: Mohit Srivastava was appointed as Director on 15 Jul 2020.
AGM
Shake Hand Payment Network Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Shake Hand Payment Network Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Uttar Pradesh I.
Appointed
Mohit Srivastava was appointed as Director.
Appointed
Rahul Kumar Srivastava was appointed as Director.
Appointed
Vivek Kumar Srivastava was appointed as Director.
Incorporation
15 Jul 2020
Shake Hand Payment Network Private Limited was registered on 15 Jul 2020 with Roc Uttar Pradesh I & aged 6 years 3 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Shake Hand Payment Network Private Limited
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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 Shake Hand Payment Network Private Limited
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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
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Subsidiaries & Group Companies of Shake Hand Payment Network Private Limited
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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 Shake Hand Payment Network Private Limited
Shake Hand Payment Network has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 09ABDCS9686H1ZL | Uttar Pradesh | Active | 23 Jul 2020 |
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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
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MCA Filings & Documents of Shake Hand Payment Network Private Limited
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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
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Frequently Asked Questions about Shake Hand Payment Network Private Limited
Shake Hand Payment Network is an active private limited company based in Lucknow, Uttar Pradesh, India. The company works in mobile value-added services (vas), within the telecom industry. It was incorporated on 15 July 2020 (6+ years old) and is registered under CIN U66190UP2020PTC130988.
Shake Hand Payment Network reported revenue of ₹8.53 Cr for FY 2024 (down 20% YoY).
Shake Hand Payment Network has 3 current directors:
- Mohit Srivastava - Director
- Rahul Kumar Srivastava - Director
- Vivek Kumar Srivastava - Director
Shake Hand Payment Network reported a net profit of ₹1.09 Lakh (net margin 0.1%) and EBITDA of ₹1.58 Lakh (EBITDA margin 0.2%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Shake Hand Payment Network is 19% over three years. In the latest year (FY 2024) revenue fell 20%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Shake Hand Payment Network is 09ABDCS9686H1ZL, registered in Uttar Pradesh.
The CIN (Corporate Identification Number) of Shake Hand Payment Network is U66190UP2020PTC130988. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Shake Hand Payment Network was incorporated on 15 July 2020, making it 6+ years old. It is registered with the Registrar of Companies, Uttar Pradesh.
The peers of Shake Hand Payment Network by revenue are Area Tech Solutions Private Limited, DRK Technosoft Private Limited, Greenpay Network Private Limited, Ogs Paylab Private Limited, Ezswype Business Solutions Private Limited and 5 more, all in the BFSI industry (Payment Solution Providers).
Mohit Srivastava was appointed as Director on 15 Jul 2020. Rahul Kumar Srivastava was appointed as Director on 15 Jul 2020. Vivek Kumar Srivastava was appointed as Director on 15 Jul 2020.
Yes, Shake Hand Payment Network is registered as a small enterprise under Udyam registration (number: UDYAM-UP-50-0053064).