About Airpay Payment Services Private Limited
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Airpay Payment Services 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 09 April 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U65100MH2012PTC229364. Its GSTIN is 27AAKCA4619A1ZZ (Maharashtra). The company holds 4 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1.7 Cr and a paid-up capital of ₹1.45 Cr. It is led by directors including Kunal Jhunjhunwala and Rajeshkumar Radheshyam Jhunjhunwala.
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 104 Sir Vithaldas Chambers 16 Mumbai Samachar Marg Fort., Maharashtra, India – 400023.
As per the financials filed for FY 2025, the company reported a revenue of ₹213.13 Cr, a growth of 66% compared to the previous year.
The company has about 287 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.
The company is associated with 1 brand: Airpay.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website airpay.co.in.
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- Registered Address104 Sir Vithaldas Chambers 16 Mumbai Samachar Marg Fort., Maharashtra, India – 400023
- 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
CIN History of Airpay Payment Services
Airpay Payment Services has one previous CIN (Corporate Identification Number): U72900MH2012PTC229364. The current CIN is U65100MH2012PTC229364, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65100MH2012PTC229364 | Current |
| U72900MH2012PTC229364 | Previous |
Associated Brands with Airpay Payment Services
Airpay Payment Services operates one associated brand: Airpay. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| An integrated omnichannel platform for financial services is provided. | airpay.co.in |
Competitors & Alternatives of Airpay Payment Services
Brands and companies operating in the same space as Airpay Payment Services Private Limited include Stripe, Razorpay, PayU and 6 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
 Stripe | Payment processing and card issuance solutions are provided for businesses. | San Francisco, United States, United States | 2009 |
 Razorpay | Payment and business banking solutions are provided for enterprises. | Bengaluru, India, India | 2014 |
 PayU | Online payment processing and credit solutions are provided for businesses. | Amsterdam, Netherlands, Netherlands | 2002 |
 Flutterwave | Provider of payment processing solutions for businesses | San Francisco, United States, United States | 2016 |
 Adyen | Payment issuance and processing solutions are provided for businesses. | Amsterdam, Netherlands, Netherlands | 2006 |
 Mintoak | Digital payments and engagement solutions are offered for MSMEs. | Mumbai, India, India | 2017 |
 Pine Labs | Omnichannel payment solutions, loyalty programs, and business tools are provided. | Noida, India, India | 1998 |
 HighRadius | Autonomous finance and payment solutions are provided to businesses. | Houston, United States, United States | 2006 |
 ACI Worldwide | Digital payments are processed and managed via specialized solutions. | Omaha, United States, United States | 1975 |
Business Activity of Airpay Payment Services
The main business activity of Airpay Payment Services 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 for Airpay Payment Services Private Limited
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.
Auditor Details of Airpay Payment Services
Airpay Payment Services Private Limited is audited by BDG & CO LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| BDG & CO LLP | Locked | Locked | Locked |
Complete auditor history for Airpay Payment Services Private Limited
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 Airpay Payment Services Private Limited
Airpay Payment Services has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kunal Jhunjhunwala Also directs: Digitalhathi Media Services LLP, Sugarbox Ecommerce Ventures LLP, Clayco Cosmetics Private Limited and 5 more | Director | 09 Apr 2012 | 14 Years 5 Months | Current |
| Rajeshkumar Radheshyam Jhunjhunwala | Director | 07 Aug 2014 | 12 Years 1 Months | Current |
| Rajesh Raju | Director | 01 Jul 2024 | 2 Years 3 Months | Current |
Financials of Airpay Payment Services Private Limited FY 2025 filings available
Airpay Payment Services Private Limited reported revenue of ₹213.13 Cr (up 66.00% YoY) for FY 2025.
Ten-year financial statements for Airpay Payment Services Private Limited
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.
Ownership and Shareholding of Airpay Payment Services
Shareholding and ownership data for Airpay Payment Services Private Limited
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.
Group Structure of Airpay Payment Services Private Limited
Airpay Payment Services has 2 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Airpay Ventures Private Limited | U67190MH2021PTC373769 | Locked |
| Airpay Financial Technologies Private Limited | U72900MH2020PTC352478 | Locked |
Showing major subsidiaries. Total: 2.
Charges & Borrowings of Airpay Payment Services
Airpay Payment Services Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Airpay Payment Services
Airpay Payment Services Private Limited has a workforce of 287 employees as of Sep 19, 2024.
Employee and EPFO history for Airpay Payment Services Private Limited
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.
GST Compliance of Airpay Payment Services
Airpay Payment Services has 4 GST registrations: 1 active and 3 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAKCA4619A1ZZ | Maharashtra | Active | 01 Jul 2017 |
GST registrations and filing compliance for Airpay Payment Services Private Limited
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.
Credit Ratings, Litigation & Regulatory Alerts for Airpay Payment Services
Credit ratings, litigation, and regulatory alerts for Airpay Payment Services Private Limited
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 Airpay Payment Services
MSME payment history for Airpay Payment Services Private Limited
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 Airpay Payment Services
Corporate group structure for Airpay Payment Services Private Limited
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.
MCA Filings & Documents of Airpay Payment Services
MCA filings and documents for Airpay Payment Services Private Limited
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.
Recent Activity on Airpay Payment Services
Recent News on Airpay Payment Services
Frequently Asked Questions about Airpay Payment Services Private Limited
Airpay Payment Services 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 09 April 2012 (14+ years old) and is registered under CIN U65100MH2012PTC229364.
Airpay Payment Services reported revenue of ₹213.13 Cr for FY 2025 (up 66.00% YoY).
Airpay Payment Services has 3 current directors:
- Kunal Jhunjhunwala - Director
- Rajeshkumar Radheshyam Jhunjhunwala - Director
- Rajesh Raju - Director
The GSTIN of Airpay Payment Services is 27AAKCA4619A1ZZ, registered in Maharashtra. The company has 4 GST registrations in all, of which 1 is active and 3 are cancelled or inactive.
The CIN (Corporate Identification Number) of Airpay Payment Services is U65100MH2012PTC229364. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Airpay Payment Services was incorporated on 09 April 2012, making it 14+ years old. It is registered with the Registrar of Companies, Mumbai.
Yes, Airpay Payment Services is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Airpay Payment Services can be reached through the website airpay.co.in. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Airpay Payment Services is at 104 Sir Vithaldas Chambers 16 Mumbai Samachar Marg Fort., Maharashtra, India – 400023.