About Xflow Payments India Private Limited
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Xflow Payments India Private Limited is a foreign private limited company based in Bengaluru, Karnataka, India, a subsidiary of Flow Payments Pte Ltd, Singapore. It operates in the online payment gateways segment of the financial services sector. It was incorporated on 02 July 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2021FTC149049. Its GSTIN is 29AAACX3717G1Z9 (Karnataka).
The company has an authorised share capital of ₹30 Lakh and a paid-up capital of ₹19.73 Lakh. It is led by directors including Ashwin Bhatnagar and Anand Balaji.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at No. 843 2nd Floor 5th Main Road Indira Nagar 1st Stage, Bengaluru, Karnataka, India – 560038.
As per the financials filed for FY 2025, the company reported a revenue of ₹30.66 Cr, a growth of 23% compared to the previous year. For the same year it recorded a net profit of ₹3.91 Cr (net margin 12.8%) and EBITDA of ₹5.57 Cr (EBITDA margin 18.2%). Revenue has grown at a compounded annual rate (CAGR) of 80% over three years.
The company has about 34 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Xflow and XFlow.
For more details, the company can be reached via its website xflowpay.com.
Company details
CIN history
Xflow Payments India has one previous CIN (Corporate Identification Number): U66190KA2021FTC149049. The current CIN is U72900KA2021FTC149049, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72900KA2021FTC149049 | Current |
| U66190KA2021FTC149049 | Previous |
Contact details
Xflow Payments India Private Limited's registered office is in Bengaluru, Karnataka. Its website is xflowpay.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo. 843 2nd Floor 5th Main Road Indira Nagar 1st Stage, Bengaluru, Karnataka, India – 560038
- IndustryFinancial Services, Online Payment Gateways
To see the full contact details of Xflow Payments India 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
Xflow Payments India operates two associated brands: Xflow and XFlow. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides a secure money transfer solution for international travelers. | xflowapp.com | |
| Cross-border payment solutions are provided for businesses. | xflowpay.com |
Business activity
The main business activity of Xflow Payments India is information and communication. In detail, this covers other information & communication service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Xflow Payments India Private Limited, buy the company report.
Financials of Xflow Payments India Private Limited
FY 2025 filings availableXflow Payments India Private Limited reported revenue of ₹30.66 Cr (up 23% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 80% over three years, including 23% growth in the latest year. EBITDA rose 30% 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 |
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| EBITDA | ₹5.57 Cr | |||
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| Net Profit (PAT) | ₹3.91 Cr | |||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 18.2% | |||
| Net Profit Margin | 12.8% | |||
| Return on Equity (ROE) | ||||
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To see the full financial statements and ratios of Xflow Payments India Private Limited, buy the company report.
Board of directors of Xflow Payments India Private Limited
Xflow Payments India has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashwin Bhatnagar Also directs: Xflow Global Payments Ifsc Private Limited | Director | 02 Jul 2021 | 5 Years 4 Months | Current |
| Anand Balaji Also directs: Xflow Global Payments Ifsc Private Limited | Director | 02 Jul 2021 | 5 Years 4 Months | Current |
| Salim Gangadharan | Director | 17 Jan 2024 | 2 Years 9 Months | Current |
Peer comparison
Xflow Payments India Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (other information & communication service activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Hipower Support Centre Private Limited | ₹30.91 Cr (FY 2016) | 179.0% | Bangalore, Karnataka, India | |||
| Ditstek Innovations Private Limited | ₹30.9 Cr (FY 2025) | 35.0% | Chandigarh, India | |||
| Novigo Integrated Services Private Limited | ₹30.81 Cr (FY 2024) | 20.0% | Chennai, Tamil Nadu, India | |||
| Vac Teleinfra Solutions Private Limited | ₹30.75 Cr (FY 2025) | 2.0% | Bangalore, Karnataka, India | |||
| Akrivia Automation Private Limited | ₹30.67 Cr (FY 2024) | 20.0% | Visakhapatnam, Andhra Pradesh, India | |||
| Xflow Payments India Private Limitedthis company | ₹30.66 Cr (FY 2025) | ₹3.91 Cr | 12.8% | 23.0% | 34 | Bengaluru, Karnataka, India |
| Bartleby Technologies Private Limited | ₹30.65 Cr (FY 2025) | -53.0% | Jaipur, Rajasthan, India | |||
| Trivent Systems Private Limited | ₹30.61 Cr (FY 2025) | 13.0% | Chennai, Tamil Nadu, India | |||
| Huaptec Telecom India Private Limited | ₹30.58 Cr (FY 2025) | -27.0% | Bangalore, Karnataka, India | |||
| Eagle Information Systems Private Limited | ₹30.57 Cr (FY 2025) | 39.0% | New Delhi, Delhi, India | |||
| Ekinops Networks India Private Limited | ₹30.54 Cr (FY 2025) | 0.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Xflow Payments India Private Limited, buy the company report.
Auditor
Xflow Payments India Private Limited is audited by KALKURA ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KALKURA ASSOCIATES | FY 2023 | 008577S |
Shareholding
The shareholding of Xflow Payments 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 Xflow Payments India Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Xflow Payments 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 Xflow Payments India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Xflow Payments India Private Limited has a workforce of 34 employees on its EPFO records as of Apr 02, 2024, across 1 active EPFO establishment.
GST
Xflow Payments India has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACX3717G1Z9 | Karnataka | Active | 30 Jul 2021 |
To see the full GST registrations and return filing status of Xflow Payments India Private Limited, buy the company report.
Recent activity
Xflow Payments India Private Limited has 3 board changes on record since 2021: 3 appointments. The latest: Salim Gangadharan was appointed as Director on 17 Jan 2024.
News
Frequently asked questions
Xflow Payments India is an active foreign private limited company based in Bengaluru, Karnataka, India. The company works in online payment gateways, within the financial services industry. It was incorporated on 02 July 2021 (5+ years old) and is registered under CIN U72900KA2021FTC149049.
Xflow Payments India has 3 current directors:
- Ashwin Bhatnagar - Director
- Anand Balaji - Director
- Salim Gangadharan - Director
The latest financial statements of Xflow Payments India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from FY 2022 are in the company report.
The GSTIN of Xflow Payments India is 29AAACX3717G1Z9, registered in Karnataka.
The CIN (Corporate Identification Number) of Xflow Payments India is U72900KA2021FTC149049. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Xflow Payments India was incorporated on 02 July 2021, making it 5+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Xflow Payments India by revenue are Hipower Support Centre Private Limited, Ditstek Innovations Private Limited, Novigo Integrated Services Private Limited, Vac Teleinfra Solutions Private Limited, Akrivia Automation Private Limited and 5 more, all in the same principal business activity (other information & communication service activities).
Salim Gangadharan was appointed as Director on 17 Jan 2024. Anand Balaji was appointed as Director on 02 Jul 2021. Ashwin Bhatnagar was appointed as Director on 02 Jul 2021.
Xflow Payments India can be reached through the website xflowpay.com. Its registered office is in Bengaluru, Karnataka, India.
The registered office of Xflow Payments India is at No. 843 2nd Floor 5th Main Road Indira Nagar 1st Stage, Bengaluru, Karnataka, India – 560038.
Xflow Payments India operates in the financial services industry, in the online payment gateways segment.
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