
About Addpay Services Private Limited
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Addpay Services Private Limited is a private limited company based in Mumbai, Maharashtra, India, recognised as a startup by DPIIT. It operates in the general e-commerce platforms segment of the e-commerce sector. It was incorporated on 12 December 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2019PTC334381. Its GSTIN is 27ABDCS0643L1Z7 (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Addgroups Fintech Private Limited and Spica Addwale Private Limited. It is led by directors Shweta Pawan Jaiswal and Pawan Kumar Jaiswal.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at Wework Nesco IT Park 10th Floor Building 4 Nesco IT Park, Mumbai, Maharashtra.
As per the financials filed for FY 2022, the company reported a revenue of ₹33.85 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹61.73 Lakh (net margin -182.3%) and EBITDA of -₹52.37 Lakh (EBITDA margin -154.7%).
Court records list 5 cases involving the company, including 5 filed against it; 3 cases are pending.
Addpay Services Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-33-0016094). For more details, the company can be reached via its website addpay.in.
Company details
Name history
Addpay Services has undergone 2 name changes throughout its history. The company was previously known as Addgroups Fintech Private Limited, and Spica Addwale Private Limited. The current legal name is Addpay Services Private Limited.
| Company Name | Status |
|---|---|
| Addpay Services Private Limited | Current |
| Addgroups Fintech Private Limited | Previous |
| Spica Addwale Private Limited | Previous |
Recognitions & Rankings of Addpay Services
- Category
- Micro (2023-24)
- Udyam number
- UDYAM-MH-33-0016094
Contact details
Addpay Services Private Limited's registered office is in Mumbai, Maharashtra. Its website is addpay.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressWework Nesco IT Park 10th Floor Building 4 Nesco IT Park, Wester Express Highway, Mumbai, Maharashtra, India – 400063
- IndustryE-Commerce, General E-Commerce Platforms
To see the full contact details of Addpay Services 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
Business activity
The main business activity of Addpay Services is information and communication. In detail, this covers broadcasting and programming activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J4 | Broadcasting and programming activities |
To see the full business activity and turnover split of Addpay Services Private Limited, buy the company report.
Financials of Addpay Services Private Limited
FY 2022 filings availableAddpay Services Private Limited reported revenue of ₹33.85 Lakh (up 559% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue rose 559% in the latest year. EBITDA rose 27% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|
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| Total Expenses | |||
| EBITDA | -₹52.37 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹61.73 Lakh | ||
| Balance Sheet | |||
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| Reserves and Surplus | |||
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| Long-term Borrowings | |||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -154.7% | ||
| Net Profit Margin | -182.3% | ||
| Return on Equity (ROE) | |||
| Return on Capital Employed (ROCE) | |||
| Return on Assets (ROA) | |||
| Liquidity and Debt | |||
| Current Ratio | |||
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| Receivable Days | |||
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To see the full financial statements and ratios of Addpay Services Private Limited, buy the company report.
Board of directors of Addpay Services Private Limited
Addpay Services has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shweta Pawan Jaiswal | Director | 21 Jun 2022 | 4 Years 4 Months | Current |
| Pawan Kumar Jaiswal | Director | 12 Dec 2019 | 6 Years 10 Months | Current |
Auditor
Addpay Services Private Limited is audited by K PAREKH AND CO for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K PAREKH AND CO | FY 2020 | 148759W |
Shareholding
The shareholding of Addpay Services Private Limited is on record for FY 2020, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2020 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Addpay Services Private Limited, buy the company report.
Legal cases
Addpay Services Private Limited has 5 court cases on record: 5 filed against it. 3 cases are pending and 2 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 5 | 3 |
Cases on record (4 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South East, Delhi | Criminal case | Filed against the company by Instantpay India Limited Through Neha Lakhani | Pending |
| District court, New Delhi, Delhi | Criminal case | Filed against the company by Paysprint Private Limited | Disposed |
| District court, Gurugram, Haryana | Cheque dishonour complaint | Filed against the company by an individual | Pending |
| District court, Thane, Maharashtra | Civil suit | Filed against the company by an individual | Disposed |
To see the full case history of Addpay Services 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 Addpay Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Addpay Services Private Limited has 1 active EPFO establishment as of Apr 06, 2024.
GST
Addpay Services has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27ABDCS0643L1Z7 | Maharashtra | Active | 02 May 2020 |
| 06ABDCS0643L1ZB | Haryana | Active | 29 Jul 2021 |
To see the full GST registrations and return filing status of Addpay Services Private Limited, buy the company report.
Recent activity
Addpay Services Private Limited has 5 board changes on record since 2019: 2 appointments and 3 cessations. The latest: Shweta Pawan Jaiswal ceased to be Additional Director on 29 Sep 2022.
Frequently asked questions
Addpay Services is an active private limited company based in Mumbai, Maharashtra, India. The company works in general e-commerce platforms, within the e-commerce industry. It was incorporated on 12 December 2019 (7+ years old) and is registered under CIN U74999MH2019PTC334381.
Addpay Services has 2 current directors:
- Shweta Pawan Jaiswal - Director
- Pawan Kumar Jaiswal - Director
The latest financial statements of Addpay Services on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from FY 2020 are in the company report.
The GSTIN of Addpay Services is 27ABDCS0643L1Z7, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 06ABDCS0643L1ZB (Haryana).
The CIN (Corporate Identification Number) of Addpay Services is U74999MH2019PTC334381. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Addpay Services has 5 court cases on record: 5 filed against it. 3 are pending.
Addpay Services was incorporated on 12 December 2019, making it 7+ years old. It is registered with the Registrar of Companies, Mumbai.
Shweta Pawan Jaiswal ceased to be Additional Director on 29 Sep 2022. Shweta Pawan Jaiswal was appointed as Director on 21 Jun 2022. Anjani Kumar ceased to be Additional Director on 30 Nov 2021. Addpay Services has 5 board changes on record in total.
Yes, Addpay Services is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Addpay Services is registered as a micro enterprise under Udyam registration (number: UDYAM-MH-33-0016094).