About Verifone India Sales Private Limited
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Verifone India Sales Private Limited is a foreign private limited company based in New Delhi, Delhi, India, a subsidiary of Verifone Israel Limited. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 18 August 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U32109DL2005FTC139736. Its GSTIN is 07AABCL1063E1ZZ (Delhi). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.44 Cr. It was formerly known as Lipman Electronic Private Limited and Lipman Electronic India Private Limited. It is led by directors including Marimuthu Babyselvam Karthikeyan and Ramanadha Sriram Natarajan Rishinadhamangalam.
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 25/38 West Patel Nagar, New Delhi, Delhi, India – 110008.
As per the financials filed for FY 2025, the company reported a revenue of ₹44.67 Cr, a growth of 2% compared to the previous year. For the same year it recorded a net profit of ₹2.02 Cr (net margin 4.5%) and EBITDA of ₹4.63 Cr (EBITDA margin 10.4%). Revenue has declined at a compounded annual rate (CAGR) of 38% over three years and 28% over five years.
The company has about 21 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Verifone. Court records list 8 cases involving the company, including 2 filed by the company and 6 filed against it; 2 cases are pending. The company has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹22.05 Cr; the latest was in March 2014. The company has 12 MSME Form 1 returns on record between 2019 and 2023, listing 240 overdue payments to 20 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website verifone.com.
Company details
Name history
Verifone India Sales has undergone 2 name changes throughout its history. The company was previously known as Lipman Electronic Private Limited, and Lipman Electronic India Private Limited. The current legal name is Verifone India Sales Private Limited.
| Company Name | Status |
|---|---|
| Verifone India Sales Private Limited | Current |
| Lipman Electronic Private Limited | Previous |
| Lipman Electronic India Private Limited | Previous |
CIN history
Verifone India Sales has one previous CIN (Corporate Identification Number): U32109DL2005PTC139736. The current CIN is U32109DL2005FTC139736, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U32109DL2005FTC139736 | Current |
| U32109DL2005PTC139736 | Previous |
Contact details
Verifone India Sales Private Limited's registered office is in New Delhi, Delhi. Its website is verifone.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address25/38 West Patel Nagar, New Delhi, Delhi, India – 110008
- IndustryInformation Technology, Application Development & Software Solutions, IT Products Retail & Distribution
To see the full contact details of Verifone India Sales 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
Verifone India Sales operates one associated brand: Verifone. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Omni-channel payments solutions are provided for businesses worldwide. | verifone.com |
Business activity
The main business activities of Verifone India Sales are trade, support service to organizations and information and communication. In detail, this covers wholesale trading, other support services to organizations and publishing of computer operating systems, system software, application software, games, etc.. 3 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | |
| N | Support service to Organizations | N7 | Other support services to organizations | |
| J | Information and communication | J2 | Publishing of computer operating systems, system software, application software, games, etc. |
To see the full business activity and turnover split of Verifone India Sales Private Limited, buy the company report.
Financials of Verifone India Sales Private Limited
FY 2025 filings availableVerifone India Sales Private Limited reported revenue of ₹44.67 Cr (up 2% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 2% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 28%. EBITDA fell 19% 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 | ₹4.63 Cr | ||||
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| Net Profit (PAT) | ₹2.02 Cr | ||||
| Balance Sheet | |||||
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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 | 10.4% | ||||
| Net Profit Margin | 4.5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Verifone India Sales Private Limited, buy the company report.
Board of directors of Verifone India Sales Private Limited
Verifone India Sales has 3 current directors and 15 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Marimuthu Babyselvam Karthikeyan | Director | 18 Apr 2024 | 2 Years 6 Months | Current |
| Ramanadha Sriram Natarajan Rishinadhamangalam | Director | 10 May 2024 | 2 Years 5 Months | Current |
| Daivik Param Also directs: Verifone India Technology Private Limited | Director | 02 Jul 2025 | 1 Years 4 Months | Current |
Auditor
Verifone India Sales Private Limited is audited by Walker Chandiok & Co LLP for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Walker Chandiok & Co LLP | FY 2022 | 001076N/N500013 |
Shareholding
The shareholding of Verifone India Sales 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 Verifone India Sales Private Limited, buy the company report.
Deals & funding
Verifone India Sales Private Limited has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹22.05 Cr; the latest was in March 2014.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2014 | Funding round | ₹21 Cr | Investors: Verifone Israel Limited |
| Jul 2006 | Funding round | ₹1.05 Cr | Investors: Verifone Israel Limited |
| Jun 2006 | Secondary share transfer | Undisclosed | Buyer: Verifone Israel Limited, Verifone Israel Limited & Verifone Inc Usa Seller: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Verifone India Sales Private Limited has 8 court cases on record: 2 filed by Verifone India Sales, 6 filed against it. 2 cases are pending and 6 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 4 | 4 | 0 |
| District courts | 2 | 2 | 0 |
| Supreme Court | 2 | 0 | 2 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (1818-Ordinary Civil Matters : Appeals u/s 53 T of The Competition Act, 2002) | Filed by the company against Three D Integrated Solutions Limited Authorised Representative W-77, Greater Kailash II, New Delhi &Ndash; 110044 ,New Delhi , Delhi and 1 other | Pending |
| Supreme Court | Court case (1818-Ordinary Civil Matters : Appeals u/s 53 T of The Competition Act, 2002) | Filed by the company against Atos Worldline India Private Limited Through Its Director Through Its Director 2Nd Floor, Tower I, Phase II, Raiaskaran Tech Park (Formerly Logitech Park), Sakinaka, MV Road, Andheri (East), Mumbai, Maharashtra, 400072, India , , District: Mumbai ,Mumbai , Maharashtra and 1 other | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Ss cases w) | Filed against the company by Hi Tech Eterminal Services Pvt. Ltd | Disposed |
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company by Essae Technologys Pvt.Ltd. | Disposed |
| High Court of Delhi | Court case (CS(OS)) | Filed against the company by Pine Labs Pvt Ltd | Disposed |
To see the full case history of Verifone India Sales 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
Verifone India Sales Private Limited has 12 MSME Form 1 returns on record between 2019 and 2023, listing 240 overdue payments to 20 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 20)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| G M R & Co. | |||
| Spontak Supplies Private Limited | |||
| E2e Networks Limited | |||
| Core Doc 2 Info Services Private Limited | |||
| Lyra Network Private Limited |
To see the full MSME payment records of Verifone India Sales Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Verifone India Sales Private Limited has a workforce of 21 employees on its EPFO records as of Apr 03, 2024, across 1 active EPFO establishment.
GST
Verifone India Sales has 3 GST registrations: 2 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AABCL1063E1ZZ | Delhi | Active | 01 Jul 2017 |
| 27AABCL1063E1ZX | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Verifone India Sales Private Limited, buy the company report.
Recent activity
Verifone India Sales Private Limited has 18 board changes on record since 2008: 3 appointments and 15 cessations. The latest: Daivik Param ceased to be Additional Director on 29 Sep 2025.
9 earlier events are in the company report.
News
Frequently asked questions
Verifone India Sales is an active foreign private limited company based in New Delhi, Delhi, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 18 August 2005 (21+ years old) and is registered under CIN U32109DL2005FTC139736.
Verifone India Sales has 3 current directors:
- Marimuthu Babyselvam Karthikeyan - Director
- Ramanadha Sriram Natarajan Rishinadhamangalam - Director
- Daivik Param - Director
The latest financial statements of Verifone India Sales 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 2015 are in the company report.
The GSTIN of Verifone India Sales is 07AABCL1063E1ZZ, registered in Delhi. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 27AABCL1063E1ZX (Maharashtra).
The CIN (Corporate Identification Number) of Verifone India Sales is U32109DL2005FTC139736. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Verifone India Sales has 8 court cases on record: 2 filed by the company and 6 filed against it. 2 are pending. Most are in the high courts.
Verifone India Sales was incorporated on 18 August 2005, making it 21+ years old. It is registered with the Registrar of Companies, Delhi.
Verifone India Sales has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹22.05 Cr; the latest was in March 2014.
Daivik Param ceased to be Additional Director on 29 Sep 2025. Marimuthu Babyselvam Karthikeyan ceased to be Director on 04 Jul 2025. Daivik Param was appointed as Director on 02 Jul 2025. Verifone India Sales has 18 board changes on record in total.
Verifone India Sales has 12 MSME Form 1 returns on record between 2019 and 2023, listing 240 overdue payments to 20 micro and small suppliers. The latest return was filed on 08 Dec 2023.
Verifone India Sales can be reached through the website verifone.com. Its registered office is in New Delhi, Delhi, India.
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