MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-KR-03-0069261
Xpay Life Private Limited - financial services in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹5.61 Lakh
▼ 96% YoY
Net loss · FY 2025
₹25.34 Lakh
Net margin -451.3%
EBITDA · FY 2025
-₹19.39 Lakh
EBITDA margin -345.4%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹10 Lakh
Issued & subscribed
Company age
10 yrs
Est. 2016
Directors on board
4
As per MCA filings
Active GSTINs
2
GST registered
About Xpay Life Private Limited
Data last updated:
Xpay Life Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the digital payment solutions segment of the financial services sector. It was incorporated on 11 August 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2016PTC284682. Its GSTIN is 27AAACX2052L1Z8 (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It was formerly known as Xiphias Xpay Life Private Limited. It is led by directors including Vandana Singh and Rohit 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 Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹5.61 Lakh, a decline of 96% compared to the previous year. For the same year it recorded a net loss of ₹25.34 Lakh (net margin -451.3%) and EBITDA of -₹19.39 Lakh (EBITDA margin -345.4%). Revenue has grown at a compounded annual rate (CAGR) of 82% over three years and 86% over five years.
The company is associated with 1 brand: XPay.Life. Court records list 10 cases involving the company, including 10 filed against it; 5 cases are pending.
Xpay Life Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0069261). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website xpay.life.
Company details
CIN U74999MH2016PTC284682
Registration Number 284682
Incorporation Date 11 August 2016
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-KR-03-0069261
Name history
Xpay Life has undergone 3 name changes throughout its history. The company was previously known as Xpay.Life Private Limited, Xiphias Xpay Life Private Limited, and Xiphias Studios Private Limited. The current legal name is Xpay Life Private Limited.
| Company Name | Status |
|---|---|
| Xpay Life Private Limited | Current |
| Xpay.Life Private Limited | Previous |
| Xiphias Xpay Life Private Limited | Previous |
| Xiphias Studios Private Limited | Previous |
Recognitions & Rankings of Xpay Life
Contact details
Xpay Life Private Limited's registered office is in Mumbai, Maharashtra. Its website is xpay.life. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered AddressPlot No.75 Behind Metro House Cst Road Kalina Bandra Kurla Complex Santacruz Ea, St, Mumbai, Maharashtra, India – 400098
- IndustryFinancial Services, Digital Payment Solutions
To see the full contact details of Xpay Life Private Limited, buy the company report.
Comprehensive company report
Xpay Life 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activity of Xpay Life is support service to organizations. In detail, this covers other support services to organizations.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N7 | Other support services to organizations |
To see the full business activity and turnover split of Xpay Life Private Limited, buy the company report.
Financials of Xpay Life Private Limited
FY 2024 filings availableXpay Life Private Limited reported revenue of ₹5.61 Lakh (down 96% YoY) for FY 2025.
Revenue · FY 2025
₹5.61 Lakh ▼ 96%
Net loss · FY 2025
₹25.34 Lakh margin -451.3%
EBITDA · FY 2025
-₹19.39 Lakh margin -345.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 96%
3 years · compounded
▼ 82%
5 years · compounded
▲ 86%
EBITDA CAGR growth
1 year
▲ 70%
3 years · compounded
▼ 29%
5 years · compounded
▲ 10%
Revenue fell 96% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 86%. EBITDA rose 70% 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 | 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 | -₹19.39 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹25.34 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -345.4% | ||||
| Net Profit Margin | -451.3% | ||||
| 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 Xpay Life Private Limited, buy the company report.
Board of directors of Xpay Life Private Limited
Xpay Life has 4 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vandana Singh Also directs: Xiphias Software Technologies Private Limited | Director | 26 May 2020 | 6 Years 5 Months | Current |
| Rohit Kumar Also directs: Xiphias Software Technologies Private Limited | Director | 11 Aug 2016 | 10 Years 2 Months | Current |
| Deepak Ananth | Director | 05 Dec 2023 | 2 Years 10 Months | Current |
| Ballapuram Srinivasamurthy Surendranath | Additional Director | 20 Mar 2024 | 2 Years 7 Months | Current |
Auditor
Xpay Life Private Limited is audited by B.V.Swami & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B.V.Swami & Co | FY 2023 | 009151S |
Shareholding
The shareholding of Xpay Life Private Limited is on record for 5 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 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Xpay Life Private Limited, buy the company report.
Legal cases
Xpay Life Private Limited has 10 court cases on record: 10 filed against it. 5 cases are pending and 5 are disposed.
Total cases
10
Filed against the company
10
Pending
5
Disposed
5
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 10 | 10 | 5 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by M/S Kisetsu Saison Finance India P. Ltd. | Pending |
| District court, North West, Delhi | Cheque dishonour complaint | Filed against the company by M/S Clix Capital Services Pvt Ltd | Pending |
| District court, South West, Delhi | Cheque dishonour complaint | Filed against the company by Hero Fincorp Ltd | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by M/S Kisetsu Saison Finance India P. Ltd. | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by M/S Kisetsu Saison Finance India P. Ltd. | Disposed |
To see the full case history of Xpay Life Private Limited, buy the company report.
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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Xpay Life Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Xpay Life Private Limited has 1 active EPFO establishment as of Apr 05, 2024.
Active EPFO establishments
1
GST
Xpay Life has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACX2052L1Z8 | Maharashtra | Active | 07 Aug 2017 |
| 29AAACX2052L1Z4 | Karnataka | Active | 20 May 2023 |
To see the full GST registrations and return filing status of Xpay Life Private Limited, buy the company report.
Recent activity
Xpay Life Private Limited has 7 board changes on record since 2016: 4 appointments and 3 cessations. The latest: Ballapuram Srinivasamurthy Surendranath was appointed as Additional Director on 20 Mar 2024.
AGM
Xpay Life Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Xpay Life Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Appointed
Ballapuram Srinivasamurthy Surendranath was appointed as Additional Director.
Appointed
Deepak Ananth was appointed as Director.
Ceased
Bohitesh Misra ceased to be Director.
Appointed
Vandana Singh was appointed as Director.
Ceased
Deepak Nirmal Anand ceased to be Director.
Ceased
Varun Singh ceased to be Director.
Appointed
Rohit Kumar was appointed as Director.
Incorporation
11 Aug 2016
Xpay Life Private Limited was registered on 11 Aug 2016 with Roc Mumbai & aged 10 years 2 months as per MCA records.
News
Frequently asked questions
Xpay Life is an active private limited company based in Mumbai, Maharashtra, India. The company works in digital payment solutions, within the financial services industry. It was incorporated on 11 August 2016 (10+ years old) and is registered under CIN U74999MH2016PTC284682.
Xpay Life has 4 current directors:
- Vandana Singh - Director
- Rohit Kumar - Director
- Deepak Ananth - Director
- Ballapuram Srinivasamurthy Surendranath - Additional Director
The latest financial statements of Xpay Life 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 2017 are in the company report.
The GSTIN of Xpay Life is 27AAACX2052L1Z8, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 29AAACX2052L1Z4 (Karnataka).
The CIN (Corporate Identification Number) of Xpay Life is U74999MH2016PTC284682. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Xpay Life has 10 court cases on record: 10 filed against it. 5 are pending.
Xpay Life was incorporated on 11 August 2016, making it 10+ years old. It is registered with the Registrar of Companies, Mumbai.
Ballapuram Srinivasamurthy Surendranath was appointed as Additional Director on 20 Mar 2024. Deepak Ananth was appointed as Director on 05 Dec 2023. Bohitesh Misra ceased to be Director on 26 May 2020. Xpay Life has 7 board changes on record in total.
Yes, Xpay Life is registered as a small enterprise under Udyam registration (number: UDYAM-KR-03-0069261).
Xpay Life can be reached through the website xpay.life. Its registered office is in Mumbai, Maharashtra, India.