About Spiritus Payments Private Limited
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Spiritus Payments Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Evolute Fintech Innovations Private Limited. It operates in the digital payment solutions segment of the financial services sector. It was incorporated on 09 January 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U93000MH2014PTC251907. Its GSTIN is 27AAUCS1196E1ZX (Maharashtra). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹1 Lakh. It is led by directors Parag Kirit Mehta and Paras Kirit Mehta.
Its last annual general meeting (AGM) was held on 28 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹3.4 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹47.33 Lakh (net margin 13.9%) and EBITDA of ₹46.11 Lakh (EBITDA margin 13.6%). Revenue has grown at a compounded annual rate (CAGR) of 35% over three years and 62% over five years.
The company has about 6 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: SpiritusPay. The company has 2 deals on record (1 convertible or debt financing, 1 secondary share transfer), with disclosed funding of ₹5.44 Cr; the latest was in March 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 spirituspay.com.
Company details
Contact details
Spiritus Payments Private Limited's registered office is in Mumbai, Maharashtra. Its website is spirituspay.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressOffice No 801 8th Floor Grande Edifice, Akurli Village Akurli Road, Mumbai, Maharashtra, India – 400101
- IndustryFinancial Services, Digital Payment Solutions
To see the full contact details of Spiritus Payments 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
Spiritus Payments operates one associated brand: SpiritusPay. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides platform for merchants to handle digital payments, money transfers, and utility services. | spirituspay.com |
Business activity
The main business activity of Spiritus Payments is information and communication. In detail, this covers other information & communication service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Spiritus Payments Private Limited, buy the company report.
Financials of Spiritus Payments Private Limited
FY 2024 filings availableSpiritus Payments Private Limited reported revenue of ₹3.4 Cr (up 511% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 62% over five years, including 511% growth in the latest year. EBITDA rose 388% 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 | FY 2019-20 |
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| EBITDA | ₹46.11 Lakh | ||||
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| Net Profit (PAT) | ₹47.33 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 13.6% | ||||
| Net Profit Margin | 13.9% | ||||
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To see the full financial statements and ratios of Spiritus Payments Private Limited, buy the company report.
Board of directors of Spiritus Payments Private Limited
Spiritus Payments has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Parag Kirit Mehta Also directs: Glomore Electro-Tech Solutions LLP, Yatra Angels Scale Up Ventures LLP, Evolute Synergies LLP and 4 more | Director | 09 Jan 2014 | 12 Years 10 Months | Current |
| Paras Kirit Mehta Also directs: Glomore Electro-Tech Solutions LLP, Evolute Synergies LLP, Evolute Fintech Innovations Private Limited and 4 more | Director | 08 Oct 2015 | 11 Years 1 Months | Current |
Auditor
Spiritus Payments Private Limited is audited by UMESH P GOSAR & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| UMESH P GOSAR & ASSOCIATES | FY 2023 | 103111 |
Shareholding
The shareholding of Spiritus Payments Private Limited is on record for 5 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 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Spiritus Payments Private Limited, buy the company report.
Deals & funding
Spiritus Payments Private Limited has 2 deals on record (1 convertible or debt financing, 1 secondary share transfer), with disclosed funding of ₹5.44 Cr; the latest was in March 2020.
Deals on record (1 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2017 | Secondary share transfer | Undisclosed | Buyer: Evolute Fintech Innovations Private Limited Seller: an individual |
To see the full deal history of Spiritus Payments Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Spiritus Payments 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 Spiritus Payments Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Spiritus Payments Private Limited has a workforce of 6 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 6 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 |
To see the full employee and EPFO history of Spiritus Payments Private Limited, buy the company report.
GST
Spiritus Payments has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAUCS1196E1ZX | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Spiritus Payments Private Limited, buy the company report.
Recent activity
Spiritus Payments Private Limited has 4 board changes on record since 2014: 2 appointments and 2 cessations. The latest: Paras Kirit Mehta ceased to be Additional Director on 27 Sep 2016.
Frequently asked questions
Spiritus Payments is an active private limited company based in Mumbai, Maharashtra, India. The company works in digital payment solutions, within the financial services industry. It was incorporated on 09 January 2014 (12+ years old) and is registered under CIN U93000MH2014PTC251907.
Spiritus Payments has 2 current directors:
- Parag Kirit Mehta - Director
- Paras Kirit Mehta - Director
The latest financial statements of Spiritus Payments on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 28 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Spiritus Payments is 27AAUCS1196E1ZX, registered in Maharashtra. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
The CIN (Corporate Identification Number) of Spiritus Payments is U93000MH2014PTC251907. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Spiritus Payments was incorporated on 09 January 2014, making it 12+ years old. It is registered with the Registrar of Companies, Mumbai.
Spiritus Payments has 2 deals on record (1 convertible or debt financing, 1 secondary share transfer), with disclosed funding of ₹5.44 Cr; the latest was in March 2020.
Paras Kirit Mehta ceased to be Additional Director on 27 Sep 2016. Hanumanthappa Ramachandra Babu ceased to be Director on 16 Oct 2015. Paras Kirit Mehta was appointed as Director on 08 Oct 2015. Spiritus Payments has 4 board changes on record in total.
Spiritus Payments can be reached through the website spirituspay.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Spiritus Payments is at Office No 801 8th Floor Grande Edifice, Akurli Village Akurli Road, Mumbai, Maharashtra, India – 400101.
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