Aaba Pay Private Limited
About Aaba Pay Private Limited
Data last updated:
Aaba Pay Private Limited is a private limited company based in Thane, Maharashtra, India. It operates in the digital payment solutions segment of the financial services sector. It was incorporated on 13 January 2022.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2022PTC374850. Its GSTIN is 27AAWCA3778N1ZM (Maharashtra).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹10,000. It is led by directors Mohammed Sarfaraz Salim Makwana and Saira Banu Salim Makwana.
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 A – 14 602 Shanti Vihar Chs. Ltd. Shanti Vihar Nr. Fish Market Mira Road, Thane, Maharashtra, India – 401107.
As per the financials filed for FY 2025, the company reported a revenue of ₹87.46 Lakh, a growth of 66% compared to the previous year. For the same year it recorded a net profit of ₹1.12 Lakh (net margin 1.3%) and EBITDA of ₹1.52 Lakh (EBITDA margin 1.7%).
The company is associated with 2 brands: Aabapay and Swipez.
The current compliance status is marked as compliant by the Registrar of Companies.
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered AddressA – 14 602 Shanti Vihar Chs. Ltd. Shanti Vihar Nr. Fish Market Mira Road, Thane, Maharashtra, India – 401107
- IndustryFinancial Services, Digital Payment Solutions
- 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
- One PDF report, delivered after checkout
Business Activity of Aaba Pay Private Limited
The main business activity of Aaba Pay is financial and insurance service. In detail, this covers other financial activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Aaba Pay Private Limited FY 2025 filings available
Aaba Pay Private Limited reported revenue of ₹87.46 Lakh (up 66% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Aaba Pay Private Limited
Revenue rose 66% in the latest year. EBITDA rose 77% in the latest year. All are worked out from the filed statements.
Financial Statement Summary of Aaba Pay Private Limited
| 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 | ₹1.52 Lakh | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.12 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 of Aaba Pay Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 1.7% | •••• | •••• | •••• |
| Net Profit Margin | 1.3% | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Aaba Pay are in the company report.
Financial statements from FY 2022
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Aaba Pay Private Limited
Aaba Pay Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Payment Solution Providers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Zuelpay Services Private Limited | ₹90.24 Lakh (FY 2024) | •••• | •••• | -85.0% | •••• | Kolkata, West Bengal, India |
| Fennelpe Private Limited | ₹89.96 Lakh (FY 2024) | •••• | •••• | 2166.0% | •••• | Murshidabad, West Bengal, India |
| Kamlai Multi Services India Private Limited | ₹89.68 Lakh (FY 2021) | •••• | •••• | 249.0% | •••• | Ahmednagar, Maharashtra, India |
| Bluz Marketing Service India Private Limited | ₹89.62 Lakh (FY 2025) | •••• | •••• | -28.0% | •••• | Delhi, India |
| Plutus Paytech Private Limited | ₹88.75 Lakh (FY 2025) | •••• | •••• | •••• | Noida, Uttar Pradesh, India | |
| Aaba Pay Private Limited this company | ₹87.46 Lakh (FY 2025) | •••• | •••• | 66.0% | •••• | Thane, Maharashtra, India |
| Aimcashless Infosolutions Private Limited | ₹85.69 Lakh (FY 2024) | •••• | •••• | 88.0% | •••• | Jaipur, Rajasthan, India |
| Otava India Private Limited | ₹85.31 Lakh (FY 2025) | •••• | •••• | -70.0% | •••• | Mumbai, Maharashtra, India |
| A2h Payment Network Private Limited | ₹85.27 Lakh (FY 2024) | •••• | •••• | 329.0% | •••• | Delhi, India |
| Creditail Technologies Private Limited | ₹83.89 Lakh (FY 2025) | •••• | •••• | -14.0% | •••• | Bangalore, Karnataka, India |
| Plutos One Technology Private Limited | ₹82.46 Lakh (FY 2025) | •••• | •••• | 361.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Aaba Pay by revenue in the BFSI industry (Payment Solution Providers), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Aaba Pay Private Limited
Aaba Pay Private Limited is audited by C. S. MADKAIKAR for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| C. S. MADKAIKAR | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Aaba Pay Private Limited
Aaba Pay has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mohammed Sarfaraz Salim Makwana | Director | 13 Jan 2022 | 4 Years 8 Months | Current |
| Saira Banu Salim Makwana | Director | 13 Jan 2022 | 4 Years 8 Months | Current |
Ownership and Shareholding of Aaba Pay Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Aaba Pay Private Limited
Aaba Pay Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Associated Brands with Aaba Pay Private Limited
Aaba Pay operates two associated brands: Aabapay and Swipez. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Delivers wallet-enabled solutions for money transfers and utility bill payments. | aabapay.com | |
| Cloud-based billing and payments solutions are offered to businesses. | swipez.in |
Employees and EPFO Compliance at Aaba Pay Private Limited
Aaba Pay Private Limited has a workforce of 0 employees as of Apr 06, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Aaba Pay Private Limited
Aaba Pay Private Limited has 2 board changes on record since 2022: 2 appointments. The latest: Mohammed Sarfaraz Salim Makwana was appointed as Director on 13 Jan 2022.
Credit Ratings, Litigation & Regulatory Alerts for Aaba Pay Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Aaba Pay Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Aaba Pay Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Aaba Pay Private Limited
Aaba Pay has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAWCA3778N1ZM | Maharashtra | Active | 22 Feb 2023 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Aaba Pay Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Aaba Pay Private Limited
Aaba Pay is an active private limited company based in Thane, Maharashtra, India. The company works in digital payment solutions, within the financial services industry. It was incorporated on 13 January 2022 (4+ years old) and is registered under CIN U74999MH2022PTC374850.
Aaba Pay reported revenue of ₹87.46 Lakh for FY 2025 (up 66% YoY).
Aaba Pay has 2 current directors:
- Mohammed Sarfaraz Salim Makwana - Director
- Saira Banu Salim Makwana - Director
Aaba Pay reported a net profit of ₹1.12 Lakh (net margin 1.3%) and EBITDA of ₹1.52 Lakh (EBITDA margin 1.7%) for FY 2025, as per its filed financial statements.
The GSTIN of Aaba Pay is 27AAWCA3778N1ZM, registered in Maharashtra.
The CIN (Corporate Identification Number) of Aaba Pay is U74999MH2022PTC374850. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Aaba Pay was incorporated on 13 January 2022, making it 4+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Aaba Pay by revenue are Zuelpay Services Private Limited, Fennelpe Private Limited, Kamlai Multi Services India Private Limited, Bluz Marketing Service India Private Limited, Plutus Paytech Private Limited and 5 more, all in the BFSI industry (Payment Solution Providers).
Mohammed Sarfaraz Salim Makwana was appointed as Director on 13 Jan 2022. Saira Banu Salim Makwana was appointed as Director on 13 Jan 2022.
The registered office of Aaba Pay is at A – 14 602 Shanti Vihar Chs. Ltd. Shanti Vihar Nr. Fish Market Mira Road, Thane, Maharashtra, India – 401107.
Aaba Pay has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹10,000.