About Aggrepay Payments Solutions Private Limited
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Aggrepay Payments Solutions Private Limited is a private limited company based in Mumbai, Maharashtra, India, recognised as a startup by DPIIT. It operates in the online payment gateways segment of the financial services sector. It was incorporated on 16 June 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2017PTC296237. Its GSTIN is 27AAPCA7065B1ZM (Maharashtra). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1.35 Lakh. It is led by directors Shanmuganathan and Atiyeri Kandian Sharath.
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 67B Gopal Mansion Gurunanak Road, Bandra (W) Mumbai, Maharashtra, India – 400050.
As per the financials filed for FY 2024, the company reported a revenue of ₹18.45 Cr, a growth of 39% compared to the previous year. For the same year it recorded a net profit of ₹8.31 Lakh (net margin 0.5%) and EBITDA of ₹24.61 Lakh (EBITDA margin 1.3%). Revenue has grown at a compounded annual rate (CAGR) of 50% over three years and 67% over five years.
The company has about 13 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: AggrePay. The company has 5 deals on record (2 funding rounds, 2 secondary share transfers, 1 rights issue), with disclosed funding of ₹35.2 Lakh; the latest was in March 2021. Its 10 peer companies in the BFSI industry (Payment Gateways) are compared by revenue, 5 larger and 5 smaller; the largest is Nexa Byte Innovation Private Limited with revenue of ₹22.47 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website aggrepay.in.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address67B Gopal Mansion Gurunanak Road, Bandra (W) Mumbai, Maharashtra, India – 400050
- IndustryFinancial Services, Online Payment Gateways
- 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 Aggrepay Payments Solutions Private Limited
The main business activity of Aggrepay Payments Solutions is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical 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 Aggrepay Payments Solutions Private Limited FY 2024 filings available
Aggrepay Payments Solutions Private Limited reported revenue of ₹18.45 Cr (up 39% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Aggrepay Payments Solutions Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 67% over five years, including 39% growth in the latest year. EBITDA rose 130% 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 of Aggrepay Payments Solutions Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹24.61 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹8.31 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 Aggrepay Payments Solutions Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.3% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
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 Aggrepay Payments Solutions are in the company report.
Financial statements from FY 2018
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 Aggrepay Payments Solutions Private Limited
Aggrepay Payments Solutions Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Payment Gateways). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Nexa Byte Innovation Private Limited | ₹22.47 Cr (FY 2024) | •••• | •••• | •••• | Noida, Uttar Pradesh, India | |
| Enan Tech Private Limited | ₹20.52 Cr (FY 2025) | •••• | •••• | •••• | Bangalore, Karnataka, India | |
| Nits Technology Private Limited | ₹20.49 Cr (FY 2025) | •••• | •••• | 61.0% | •••• | Dohad, Gujarat, India |
| E-Money Eco Services Private Limited | ₹19.93 Cr (FY 2025) | •••• | •••• | 367.0% | •••• | Sonipat, Haryana, India |
| Groww Pay Services Private Limited | ₹18.56 Cr (FY 2025) | •••• | •••• | 75.0% | •••• | Bangalore, Karnataka, India |
| Aggrepay Payments Solutions Private Limited this company | ₹18.45 Cr (FY 2024) | •••• | •••• | 39.0% | •••• | Mumbai, Maharashtra, India |
| Wise Payments India Private Limited | ₹17.95 Cr (FY 2025) | •••• | •••• | 28.0% | •••• | Mumbai, Maharashtra, India |
| Valor Paytech India Private Limited | ₹17.91 Cr (FY 2024) | •••• | •••• | 37.0% | •••• | Chennai, Tamil Nadu, India |
| Global Payex Technologies Private Limited | ₹17.54 Cr (FY 2025) | •••• | •••• | -6.0% | •••• | Mumbai, Maharashtra, India |
| Servtek IT Private Limited | ₹17.11 Cr (FY 2020) | •••• | •••• | 34.0% | •••• | Coimbatore, Tamil Nadu, India |
| Ideal E-Cash Solutions Private Limited | ₹16.97 Cr (FY 2025) | •••• | •••• | 27.0% | •••• | Jaipur, Rajasthan, India |
Peers are the five companies nearest above and the five nearest below Aggrepay Payments Solutions by revenue in the BFSI industry (Payment Gateways), 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 Aggrepay Payments Solutions Private Limited
Aggrepay Payments Solutions Private Limited is audited by PAWAR KIRTANE AND ASSOCIATES for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| PAWAR KIRTANE AND ASSOCIATES | 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 Aggrepay Payments Solutions Private Limited
Aggrepay Payments Solutions has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shanmuganathan | Director | 16 Mar 2021 | 5 Years 6 Months | Current |
| Atiyeri Kandian Sharath Also directs: Sxloop Cowork LLP, Glolanka Clothing Private Limited, SXH Strategic Ventures Private Limited and 4 more | Additional Director | 16 May 2022 | 4 Years 4 Months | Current |
Ownership and Shareholding of Aggrepay Payments Solutions 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 Aggrepay Payments Solutions Private Limited
Aggrepay Payments Solutions Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding of Aggrepay Payments Solutions Private Limited
Aggrepay Payments Solutions Private Limited has 5 deals on record (2 funding rounds, 2 secondary share transfers, 1 rights issue), with disclosed funding of ₹35.2 Lakh; the latest was in March 2021.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2021 | Rights issue | ₹15 Cr | Investors: Gettin Techsoft India Private Limited |
| Jul 2019 | Funding round | ₹25.2 Lakh | Investors: Atraxn Partners, Ibuild Software Solutions Private Limited |
| Apr 2019 | Funding round | ₹10 Lakh | Investors: 2 individuals |
| Feb 2019 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Nov 2017 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 2 individuals |
Full deal history
All 5 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Associated Brands with Aggrepay Payments Solutions Private Limited
Aggrepay Payments Solutions operates one associated brand: AggrePay. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Payment gateway and financial services are provided by AggrePay. | aggrepay.in |
Employees and EPFO Compliance at Aggrepay Payments Solutions Private Limited
Aggrepay Payments Solutions Private Limited has a workforce of 13 employees as of Mar 25, 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 Aggrepay Payments Solutions Private Limited
Aggrepay Payments Solutions Private Limited has 10 board changes on record since 2017: 6 appointments and 4 cessations. The latest: Atiyeri Kandian Sharath was appointed as Additional Director on 16 May 2022.
1 earlier event is listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Aggrepay Payments Solutions 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 Aggrepay Payments Solutions 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 Aggrepay Payments Solutions 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 Aggrepay Payments Solutions Private Limited
Aggrepay Payments Solutions has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAPCA7065B1ZM | Maharashtra | Active | 21 Jul 2017 |
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 Aggrepay Payments Solutions 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 Aggrepay Payments Solutions Private Limited
Aggrepay Payments Solutions is an active private limited company based in Mumbai, Maharashtra, India. The company works in online payment gateways, within the financial services industry. It was incorporated on 16 June 2017 (9+ years old) and is registered under CIN U74999MH2017PTC296237.
Aggrepay Payments Solutions reported revenue of ₹18.45 Cr for FY 2024 (up 39% YoY).
Aggrepay Payments Solutions has 2 current directors:
- Shanmuganathan - Director
- Atiyeri Kandian Sharath - Additional Director
Aggrepay Payments Solutions reported a net profit of ₹8.31 Lakh (net margin 0.5%) and EBITDA of ₹24.61 Lakh (EBITDA margin 1.3%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Aggrepay Payments Solutions is 50% over three years and 67% over five years. In the latest year (FY 2024) revenue rose 39%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Aggrepay Payments Solutions is 27AAPCA7065B1ZM, registered in Maharashtra. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
The CIN (Corporate Identification Number) of Aggrepay Payments Solutions is U74999MH2017PTC296237. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Aggrepay Payments Solutions was incorporated on 16 June 2017, making it 9+ years old. It is registered with the Registrar of Companies, Mumbai.
Aggrepay Payments Solutions has 5 deals on record (2 funding rounds, 2 secondary share transfers, 1 rights issue), with disclosed funding of ₹35.2 Lakh; the latest was in March 2021.
The peers of Aggrepay Payments Solutions by revenue are Nexa Byte Innovation Private Limited, Enan Tech Private Limited, Nits Technology Private Limited, E-Money Eco Services Private Limited, Groww Pay Services Private Limited and 5 more, all in the BFSI industry (Payment Gateways).
Atiyeri Kandian Sharath was appointed as Additional Director on 16 May 2022. Pradeep Kumar ceased to be Director on 16 May 2022. Santosh Chimanbhai Purabia ceased to be Director on 27 Apr 2021. Aggrepay Payments Solutions has 10 board changes on record in total.