About Verma Payments Private Limited
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Verma Payments Private Limited is a private limited company based in Sirsa, Haryana, India. It operates in the prepaid card services segment of the financial services sector. It was incorporated on 13 July 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U58203HR2020PTC087425. Its GSTIN is 06AAHCV4666R1ZF (Haryana). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Bhagirath Singh and Sanjay Kumar.
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 Shop No. 2 Near Hanuman Mandir Gobind Nagar, Sirsa, Haryana, India – 125055.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.97 Cr, a decline of 32% compared to the previous year. For the same year it recorded a net loss of ₹3.12 Lakh (net margin -1.6%) and EBITDA of -₹51,975 (EBITDA margin -0.3%). Revenue has declined at a compounded annual rate (CAGR) of 10% over three years.
For more details, the company can be reached via its website vermapayments.com.
Company details
CIN history
Verma Payments has one previous CIN (Corporate Identification Number): U67190HR2020PTC087425. The current CIN is U58203HR2020PTC087425, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U58203HR2020PTC087425 | Current |
| U67190HR2020PTC087425 | Previous |
Contact details
Verma Payments Private Limited's registered office is in Sirsa, Haryana.
- Registered AddressShop No. 2 Near Hanuman Mandir Gobind Nagar, Sirsa, Haryana, India – 125055
- IndustryFinancial Services, Prepaid Card Services
- 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
Business activity
The main business activity of Verma Payments is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Verma Payments Private Limited, buy the company report.
Financials of Verma Payments Private Limited
FY 2024 filings availableVerma Payments Private Limited reported revenue of ₹1.97 Cr (down 32% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 10% over three years, including a 32% fall in the latest year. EBITDA fell 116% 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 |
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| EBITDA | -₹51,975 | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹3.12 Lakh | |||
| Balance Sheet | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -0.3% | |||
| Net Profit Margin | -1.6% | |||
| Return on Equity (ROE) | ||||
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To see the full financial statements and ratios of Verma Payments Private Limited, buy the company report.
Board of directors of Verma Payments Private Limited
Verma Payments has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bhagirath Singh Also directs: Verma Digi Services Private Limited | Director | 30 May 2024 | 2 Years 5 Months | Current |
| Sanjay Kumar Also directs: Verma Digi Services Private Limited | Director | 13 Jul 2020 | 6 Years 3 Months | Current |
Peer comparison
Verma Payments Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Origin Infraprojects Private Limited | ₹1.97 Cr (FY 2016) | 657.0% | Kolkata, West Bengal, India | |||
| Chahat Trading Company Private Limited | ₹1.97 Cr (FY 2025) | 62.0% | Kolkata, West Bengal, India | |||
| Dhingra Auto India Private Limited | ₹1.97 Cr (FY 2025) | -26.0% | Delhi, India | |||
| Jiny Innotech Private Limited | ₹1.97 Cr (FY 2024) | -29.0% | Noida, Uttar Pradesh, India | |||
| Amin Tyres Private Limited | ₹1.97 Cr (FY 2025) | -7.0% | Nagpur, Maharashtra, India | |||
| Verma Payments Private Limitedthis company | ₹1.97 Cr (FY 2024) | -₹3.12 Lakh | -1.6% | -32.0% | Sirsa, Haryana, India | |
| Rathin Products Private Limited | ₹1.97 Cr (FY 2018) | 26.0% | Vadodara, Gujarat, India | |||
| Aksh Resources Private Limited | ₹1.97 Cr (FY 2025) | -21.0% | Vadodara, Gujarat, India | |||
| Mega Commodities Private Limited | ₹1.97 Cr (FY 2025) | 416.0% | Raipur, Chhattisgarh, India | |||
| Marison Cable (India) Private Limited | ₹1.97 Cr (FY 2024) | 31.0% | New Delhi, Delhi, India | |||
| Aarya Lighting Private Limited | ₹1.97 Cr (FY 2025) | 249.0% | Delhi, India |
To see the full peer comparison of Verma Payments Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Verma 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 Verma Payments Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Verma Payments has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AAHCV4666R1ZF | Haryana | Active | 23 Jul 2020 |
To see the full GST registrations and return filing status of Verma Payments Private Limited, buy the company report.
Recent activity
Verma Payments Private Limited has 3 board changes on record since 2020: 2 appointments and 1 cessation. The latest: Bhagirath Singh was appointed as Director on 30 May 2024.
Frequently asked questions
Verma Payments is an active private limited company based in Sirsa, Haryana, India. The company works in prepaid card services, within the financial services industry. It was incorporated on 13 July 2020 (6+ years old) and is registered under CIN U58203HR2020PTC087425.
Verma Payments has 2 current directors:
- Bhagirath Singh - Director
- Sanjay Kumar - Director
The latest financial statements of Verma Payments 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 FY 2021 are in the company report.
The GSTIN of Verma Payments is 06AAHCV4666R1ZF, registered in Haryana. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Verma Payments is U58203HR2020PTC087425. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Verma Payments was incorporated on 13 July 2020, making it 6+ years old. It is registered with the Registrar of Companies, Delhi.
The peers of Verma Payments by revenue are Origin Infraprojects Private Limited, Chahat Trading Company Private Limited, Dhingra Auto India Private Limited, Jiny Innotech Private Limited, Amin Tyres Private Limited and 5 more, all in the same principal business activity (wholesale trading).
Bhagirath Singh was appointed as Director on 30 May 2024. Kuldeep Kumar ceased to be Director on 30 May 2024. Sanjay Kumar was appointed as Director on 13 Jul 2020.
Verma Payments can be reached through the website vermapayments.com. Its registered office is in Sirsa, Haryana, India.
The registered office of Verma Payments is at Shop No. 2 Near Hanuman Mandir Gobind Nagar, Sirsa, Haryana, India – 125055.
Verma Payments operates in the financial services industry, in the prepaid card services segment.
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