About Verifone India Private Limited
Data last updated:
Verifone India Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Verifone Inc.. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the software development and IT solutions segment of the software and technology sector. It was incorporated on 09 January 1990.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA1990PTC010664.
The company has an authorised share capital of ₹41.5 Cr and a paid-up capital of ₹41.22 Cr. It is led by directors Mihir Kumar Jha and Krishnachandra Suresh Potnis.
Its last annual general meeting (AGM) was held on 07 August 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at 003 Classique Mansion 6th Cross Hal 2nd Stage, Bangalore India, Karnataka, India – 560008.
As per the financials filed for FY 2023, the company reported a revenue of ₹20.32 Lakh, a growth of 20% compared to the previous year. For the same year it recorded a net profit of ₹3.68 Lakh (net margin 18.1%) and EBITDA of ₹6.13 Lakh (EBITDA margin 30.2%). Revenue has declined at a compounded annual rate (CAGR) of 11% over three years and 7% over five years.
The company is associated with 1 brand: Verifone. Court records list 1 case involving the company, including 1 filed against it; 1 case is pending.
The last known website on record is verifone.com.
CIN History of Verifone India Private Limited
Verifone India has one previous CIN (Corporate Identification Number): U72201KA1990PLC010664. The current CIN is U72200KA1990PTC010664, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72200KA1990PTC010664 | Current |
| U72201KA1990PLC010664 | Previous |
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address003 Classique Mansion 6th Cross Hal 2nd Stage, Bangalore India, Karnataka, India – 560008
- IndustrySoftware, Software Development, Software Publishing
- 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
Associated Brands with Verifone India Private Limited
Verifone India 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 |
Financials of Verifone India Private Limited FY 2023 filings available
Verifone India Private Limited reported revenue of ₹20.32 Lakh (up 20% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR) of Verifone India Private Limited
Revenue rose 20% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 7%. EBITDA rose 20% 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 Verifone India Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹20.32 Lakh | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹6.13 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹3.68 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 Verifone India Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 30.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 18.1% | •••• | •••• | •••• | •••• |
| 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 Verifone India are in the company report.
Financial statements from 2015
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 Verifone India Private Limited
Verifone India has 2 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mihir Kumar Jha Also directs: Verifone Payments India Private Limited | Director | 22 Jun 2023 | 3 Years 4 Months | As last reported |
| Krishnachandra Suresh Potnis Also directs: Vinaaka Tech Private Limited | Director | 23 Oct 2018 | 7 Years 11 Months | As last reported |
Auditor Details of Verifone India Private Limited
Verifone India Private Limited is audited by Walker Chandiok & Co LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Walker Chandiok & Co LLP | 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.
Ownership and Shareholding of Verifone India 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 Verifone India Private Limited
Verifone India Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Legal Cases of Verifone India Private Limited
Verifone India Private Limited has 1 court case on record: 1 filed against it. All case is pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 1 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (LPETN) | Filed against the company by Bobcards Ltd. | Pending |
Full case history
All 1 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.
Employees and EPFO Compliance at Verifone India Private Limited
Employment history and EPFO contributions of people linked to Verifone India.
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 Verifone India Private Limited
Verifone India Private Limited has 14 board changes on record since 2010: 2 appointments and 12 cessations. The latest: Swati Jain ceased to be Company Secretary on 30 Sep 2023.
5 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Verifone India 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 Verifone India 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 Verifone India 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 Verifone India Private Limited
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 Verifone India 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.
Related news about Verifone India Private Limited
Frequently Asked Questions about Verifone India Private Limited
Verifone India is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Verifone India is a company under liquidation, formerly operating as a private limited company based in Bangalore, Karnataka, India. The company works in software development, within the software industry. It was incorporated on 09 January 1990 and is registered under CIN U72200KA1990PTC010664. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Verifone India reported revenue of ₹20.32 Lakh for FY 2023 (up 20% YoY).
Verifone India has 2 current directors:
- Mihir Kumar Jha - Director
- Krishnachandra Suresh Potnis - Director
Verifone India reported a net profit of ₹3.68 Lakh (net margin 18.1%) and EBITDA of ₹6.13 Lakh (EBITDA margin 30.2%) for FY 2023, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Verifone India is -11% over three years and -7% over five years. In the latest year (FY 2023) revenue rose 20%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Verifone India is U72200KA1990PTC010664. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Verifone India has 1 court case on record: 1 filed against it. 1 is pending.
Verifone India was incorporated on 09 January 1990. It is registered with the Registrar of Companies, Bangalore.
Swati Jain ceased to be Company Secretary on 30 Sep 2023. Mihir Kumar Jha was appointed as Director on 22 Jun 2023. Vikram Kalidindi Varma ceased to be Director on 21 Mar 2022. Verifone India has 14 board changes on record in total.