DPIIT recognised startup Government of India
Startup India
Wepay India Future Technologies Private Limited
Wepay India Future Technologies Private Limited - financial services in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹98.67 Lakh
▼ 95% YoY
Net loss · FY 2024
₹53,225
Net margin -0.5%
EBITDA · FY 2024
₹2.06 Lakh
EBITDA margin 2.1%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
6 yrs
Est. 2020
Directors on board
2
As per MCA filings
Active GSTINs
1
of 2 registered
About Wepay India Future Technologies Private Limited
Data last updated:
Wepay India Future Technologies Private Limited is a private limited company based in Bangalore, Karnataka, India, recognised as a startup by DPIIT. It operates in the online payment gateways segment of the financial services sector. It was incorporated on 10 July 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2020PTC135791. Its GSTIN is 29AACCW6791P1Z9 (Karnataka). 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 Ryman Hyder and Muhammad Zaid.
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 Wework Salarpuria Symbiosis Arekere Village Begur Hobli Bannerghatta Road, Bangalore, Karnataka, India – 560076.
As per the financials filed for FY 2024, the company reported a revenue of ₹98.67 Lakh, a decline of 95% compared to the previous year. For the same year it recorded a net loss of ₹53,225 (net margin -0.5%) and EBITDA of ₹2.06 Lakh (EBITDA margin 2.1%).
Wepay India Future Technologies Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0005341). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U72900KA2020PTC135791
Registration Number 135791
Incorporation Date 10 July 2020
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification Small
Udyam Registration UDYAM-KR-03-0005341
Key People
Ryman Hyder Director Muhammad Zaid Director Recognitions & Rankings of Wepay India Future Technologies
MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-KR-03-0005341
Contact details
Wepay India Future Technologies Private Limited's registered office is in Bangalore, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressWework Salarpuria Symbiosis Arekere Village Begur Hobli Bannerghatta Road, Bangalore, Karnataka, India – 560076
- IndustryFinancial Services, Online Payment Gateways
To see the full contact details of Wepay India Future Technologies Private Limited, buy the company report.
Comprehensive company report
Wepay India Future Technologies 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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Business activity
The main business activity of Wepay India Future Technologies is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Wepay India Future Technologies Private Limited, buy the company report.
Financials of Wepay India Future Technologies Private Limited
FY 2024 filings availableWepay India Future Technologies Private Limited reported revenue of ₹98.67 Lakh (down 95% YoY) for FY 2024.
Revenue · FY 2024
₹98.67 Lakh ▼ 95%
Net loss · FY 2024
₹53,225 margin -0.5%
EBITDA · FY 2024
₹2.06 Lakh margin 2.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 95%
EBITDA CAGR growth
1 year
▲ 344%
3 years · compounded
▲ 32%
Revenue fell 95% in the latest year. EBITDA rose 344% 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 |
|---|---|---|---|---|
| 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 | ₹2.06 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹53,225 | |||
| 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 2.1% | |||
| Net Profit Margin | -0.5% | |||
| 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 Wepay India Future Technologies Private Limited, buy the company report.
Board of directors of Wepay India Future Technologies Private Limited
Wepay India Future Technologies has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ryman Hyder | Director | 10 Jul 2020 | 6 Years 3 Months | Current |
| Muhammad Zaid | Director | 10 Jul 2020 | 6 Years 3 Months | Current |
Auditor
Wepay India Future Technologies Private Limited is audited by Gupta Hemant & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Gupta Hemant & Co. | FY 2023 | 031100N |
Shareholding
The shareholding of Wepay India Future Technologies Private Limited is on record for 3 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 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Wepay India Future Technologies Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Wepay India Future Technologies 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 Wepay India Future Technologies Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Wepay India Future Technologies Private Limited has 1 active EPFO establishment as of Apr 05, 2024.
Active EPFO establishments
1
GST
Wepay India Future Technologies has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCW6791P1Z9 | Karnataka | Active | 02 Sep 2020 |
To see the full GST registrations and return filing status of Wepay India Future Technologies Private Limited, buy the company report.
Recent activity
Wepay India Future Technologies Private Limited has 2 board changes on record since 2020: 2 appointments. The latest: Muhammad Zaid was appointed as Director on 10 Jul 2020.
AGM
Wepay India Future Technologies Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Wepay India Future Technologies Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Appointed
Muhammad Zaid was appointed as Director.
Appointed
Ryman Hyder was appointed as Director.
Incorporation
10 Jul 2020
Wepay India Future Technologies Private Limited was registered on 10 Jul 2020 with Roc Bangalore & aged 6 years 4 months as per MCA records.
Frequently asked questions
Wepay India Future Technologies is an active private limited company based in Bangalore, Karnataka, India. The company works in online payment gateways, within the financial services industry. It was incorporated on 10 July 2020 (6+ years old) and is registered under CIN U72900KA2020PTC135791.
Wepay India Future Technologies has 2 current directors:
- Ryman Hyder - Director
- Muhammad Zaid - Director
The latest financial statements of Wepay India Future Technologies 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 Wepay India Future Technologies is 29AACCW6791P1Z9, registered in Karnataka. 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 Wepay India Future Technologies is U72900KA2020PTC135791. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Wepay India Future Technologies was incorporated on 10 July 2020, making it 6+ years old. It is registered with the Registrar of Companies, Bangalore.
Muhammad Zaid was appointed as Director on 10 Jul 2020. Ryman Hyder was appointed as Director on 10 Jul 2020.
Yes, Wepay India Future Technologies is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Wepay India Future Technologies is registered as a small enterprise under Udyam registration (number: UDYAM-KR-03-0005341).
The registered office of Wepay India Future Technologies is at Wework Salarpuria Symbiosis Arekere Village Begur Hobli Bannerghatta Road, Bangalore, Karnataka, India – 560076.
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