Startup India Government of India
Volopay India Private Limited - financial services in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹8.5 Cr
▼ 10% YoY
Net loss · FY 2025
₹2.64 Cr
Net margin -31.1%
EBITDA · FY 2025
-₹2.74 Cr
EBITDA margin -32.2%
Authorised capital
₹15 Cr
Registered with MCA
Paid-up capital
₹10.84 Cr
Issued & subscribed
Company age
5 yrs
Est. 2021
Employees · EPFO
69
Provident fund records
Directors on board
3
As per MCA filings
About Volopay India Private Limited
Data last updated:
Volopay India Private Limited is a foreign private limited company based in Bangalore, Karnataka, India, recognised as a startup by DPIIT. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 26 October 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U67190KA2021FTC153594. Its GSTIN is 29AAICV3610N1ZW (Karnataka).
The company has an authorised share capital of ₹15 Cr and a paid-up capital of ₹10.84 Cr. It is led by directors Rajith Shaji and Rajesh Raikwar.
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 459 Khata No 357/459 Hsr Layout Sector 4th Ward No 1, Bangalore, Karnataka, India – 560102.
As per the financials filed for FY 2025, the company reported a revenue of ₹8.5 Cr, a decline of 10% compared to the previous year. For the same year it recorded a net loss of ₹2.64 Cr (net margin -31.1%) and EBITDA of -₹2.74 Cr (EBITDA margin -32.2%).
The company has about 69 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Volopay. The company has 3 deals on record (3 rights issues); the latest was in May 2023. Its 3 peer companies in the BFSI industry (Other Financial Services), with the same principal business activity (other financial activities) are compared by revenue, 1 larger and 2 smaller; the largest is Vadilal International Private Limited with revenue of ₹8.54 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website volopay.com.
Company details
CIN U67190KA2021FTC153594
Registration Number 153594
Incorporation Date 26 October 2021
ROC Bangalore
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
Recognitions & Rankings of Volopay India
Contact details
Volopay India Private Limited's registered office is in Bangalore, Karnataka. Its website is volopay.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered Address459 Khata No 357/459 Hsr Layout Sector 4th Ward No 1, Bangalore, Karnataka, India – 560102
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of Volopay India Private Limited, buy the company report.
Comprehensive company report
Volopay India Private Limited - one report that includes everything
- 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
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Brands
Volopay India operates one associated brand: Volopay. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Spend management platform for business payments and expenses is offered. | volopay.com |
Business activity
The main business activity of Volopay India is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Volopay India Private Limited, buy the company report.
Financials of Volopay India Private Limited
FY 2025 filings availableVolopay India Private Limited reported revenue of ₹8.5 Cr (down 10% YoY) for FY 2025.
Revenue · FY 2025
₹8.5 Cr ▼ 10%
Net loss · FY 2025
₹2.64 Cr margin -31.1%
EBITDA · FY 2025
-₹2.74 Cr margin -32.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 10%
EBITDA CAGR growth
1 year
▲ 24%
3 years · compounded
▼ 531%
Revenue fell 10% in the latest year. EBITDA rose 24% 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 |
|---|---|---|---|---|
| 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 | -₹2.74 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹2.64 Cr | |||
| 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -32.2% | |||
| Net Profit Margin | -31.1% | |||
| 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 | ||||
To see the full financial statements and ratios of Volopay India Private Limited, buy the company report.
Board of directors and KMP of Volopay India Private Limited
Volopay India Private Limited currently reports 2 directors and 1 key managerial person. 1 former director has served the organization.
Current Directors and KMP
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajith Shaji Also directs: Voxo Ventures LLP | Director | 01 Aug 2022 | 4 Years 3 Months | Current |
| Rajesh Raikwar Also directs: Voxo Ventures LLP, Innodrive Ventures LLP | Director | 26 Oct 2021 | 5 Years 0 Months | Current |
| Priyanka Srivastava | Company Secretary | 26 Feb 2025 | 1 Years 8 Months | Current |
Peer comparison
Volopay India Private Limited is compared with the 3 companies closest to it by revenue in the BFSI industry (Other Financial Services), with the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Vadilal International Private Limited | ₹8.54 Cr (FY 2025) | 45.0% | Ahmedabad, Gujarat, India | |||
| Volopay India Private Limitedthis company | ₹8.5 Cr (FY 2025) | -₹2.64 Cr | -31.1% | -10.0% | 69 | Bangalore, Karnataka, India |
| Kalpataru Katariya Benefit Fund Nidhi Limited | ₹8.47 Cr (FY 2024) | 16.0% | Arakkonam Vellore, Tamil Nadu, India | |||
| Ritesh Projects Private Limited | ₹8.47 Cr (FY 2023) | -14.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Volopay India Private Limited, buy the company report.
Auditor
Volopay India Private Limited is audited by Subek Agarwal and Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Subek Agarwal and Associates | FY 2023 | 328737E |
Shareholding
The shareholding of Volopay India Private Limited is on record for 2 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Volopay India Private Limited, buy the company report.
Deals & funding
Volopay India Private Limited has 3 deals on record (3 rights issues); the latest was in May 2023.
Total deals
3
Rights issues
3
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2023 | Rights issue | ₹3.02 Cr | Investors: Volopay Company Pte Ltd |
| Dec 2022 | Rights issue | ₹7.64 Cr | Investors: Volopay Company Pte Ltd |
| May 2022 | Rights issue | ₹9.4 Cr | Investors: Volopay Company Pte Ltd |
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 Volopay India 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 Volopay India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Volopay India Private Limited has a workforce of 69 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Employee count
69
Active EPFO establishments
1
Employee growth
-13.8%
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 69 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 |
To see the full employee and EPFO history of Volopay India Private Limited, buy the company report.
GST
Volopay India has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAICV3610N1ZW | Karnataka | Active | 28 Mar 2022 |
To see the full GST registrations and return filing status of Volopay India Private Limited, buy the company report.
Recent activity
Volopay India Private Limited has 5 board changes on record since 2021: 4 appointments and 1 cessation. The latest: Priyanka Srivastava was appointed as Company Secretary on 26 Feb 2025.
AGM
Volopay India Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Volopay India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Appointed
Priyanka Srivastava was appointed as Company Secretary.
Appointed
Rajith Shaji was appointed as Director.
Ceased
Swathekasri ceased to be Director.
Appointed
Rajesh Raikwar was appointed as Director.
Appointed
Swathekasri was appointed as Director.
Incorporation
26 Oct 2021
Volopay India Private Limited was registered on 26 Oct 2021 with Roc Bangalore & aged 5 years 19 days as per MCA records.
News
Frequently asked questions
Volopay India is an active foreign private limited company based in Bangalore, Karnataka, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 26 October 2021 (5+ years old) and is registered under CIN U67190KA2021FTC153594.
Volopay India has 3 current directors and KMP:
- Rajith Shaji - Director
- Rajesh Raikwar - Director
- Priyanka Srivastava - Company Secretary
The latest financial statements of Volopay India 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 FY 2022 are in the company report.
The GSTIN of Volopay India is 29AAICV3610N1ZW, registered in Karnataka.
The CIN (Corporate Identification Number) of Volopay India is U67190KA2021FTC153594. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Volopay India was incorporated on 26 October 2021, making it 5+ years old. It is registered with the Registrar of Companies, Bangalore.
Volopay India has 3 deals on record (3 rights issues); the latest was in May 2023.
The peers of Volopay India by revenue are Vadilal International Private Limited, Kalpataru Katariya Benefit Fund Nidhi Limited, Ritesh Projects Private Limited, all in the BFSI industry (Other Financial Services), with the same principal business activity (other financial activities).
Priyanka Srivastava was appointed as Company Secretary on 26 Feb 2025. Rajith Shaji was appointed as Director on 01 Aug 2022. Swathekasri ceased to be Director on 01 Aug 2022. Volopay India has 5 board changes on record in total.
Yes, Volopay India is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Volopay India can be reached through the website volopay.com. Its registered office is in Bangalore, Karnataka, India.
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