Amica Payment Services Private Limited
About Amica Payment Services Private Limited
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Amica Payment Services Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Mica Financial Technologies Private Limited. It operates in the digital payment solutions segment of the financial services sector. It was incorporated on 13 December 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U67100MH2021PTC373183.
The company has an authorised share capital of ₹10.5 Cr and a paid-up capital of ₹10.5 Cr. It is led by directors including Jitendra Gupta and Girikumar Madhavan Nair.
Its last annual general meeting (AGM) was held on 30 July 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 32 3rd Floor Viraj Building Plot No.124 Above Hdfc Bank S V Road Khar West, Mumbai, Maharashtra, India – 400052.
As per the financials filed for FY 2025, the company reported a revenue of ₹40.79 Lakh, a growth of 18% compared to the previous year. For the same year it recorded a net loss of ₹44.53 Lakh (net margin -109.2%) and EBITDA of -₹41.43 Lakh (EBITDA margin -101.6%). Revenue has grown at a compounded annual rate (CAGR) of 121% over three years.
The company is associated with 1 brand: Jupiter Money.
Company details
Contact details
Amica Payment Services Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address32 3rd Floor Viraj Building Plot No.124 Above Hdfc Bank S V Road Khar West, Mumbai, Maharashtra, India – 400052
- IndustryFinancial Services, Digital Payment Solutions
To see the full contact details of Amica Payment 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
Brands
Amica Payment Services operates one associated brand: Jupiter Money. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of financial platform offering accounts, payments, credit cards, and investments | jupiter.money |
Financials of Amica Payment Services Private Limited
FY 2025 filings availableAmica Payment Services Private Limited reported revenue of ₹40.79 Lakh (up 18% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 121% over three years, including 18% growth in the latest year. EBITDA fell 264% 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 |
|---|---|---|---|---|
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| Total Expenses | ||||
| EBITDA | -₹41.43 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹44.53 Lakh | |||
| Balance Sheet | ||||
| Share Capital | ||||
| Reserves and Surplus | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -101.6% | |||
| Net Profit Margin | -109.2% | |||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
| Return on Assets (ROA) | ||||
| Liquidity and Debt | ||||
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| Net Profit Growth | ||||
To see the full financial statements and ratios of Amica Payment Services Private Limited, buy the company report.
Board of directors of Amica Payment Services Private Limited
Amica Payment Services has 4 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jitendra Gupta Also directs: Amica Finance Private Limited, Amica Investment Advisers Private Limited, Amica Insurance Brokers Private Limited and 4 more | Director | 13 Dec 2021 | 4 Years 10 Months | Current |
| Girikumar Madhavan Nair Also directs: Nightingale Finvest Private Limited | Director | 01 Apr 2025 | 1 Years 6 Months | Current |
| Chinmay Jain Also directs: Deptech India Private Limited | Additional Director | 06 Aug 2025 | 1 Years 2 Months | Current |
| Piyush Kabra | Director | 13 Dec 2021 | 4 Years 10 Months | Current |
Peer comparison
Amica Payment Services Private Limited is compared with the 10 companies closest to it by revenue in the BFSI industry (Payment Solution Providers), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Finone Technologies Private Limited | ₹42.6 Lakh (FY 2024) | -44.0% | Bengaluru, Karnataka, India | |||
| Raga Global Payments Private Limited | ₹42.57 Lakh (FY 2025) | -82.0% | Bengaluru, Karnataka, India | |||
| Faizmeer Solutions Private Limited | ₹42.35 Lakh (FY 2024) | Mumbai, Maharashtra, India | ||||
| Galena Services Private Limited | ₹42.07 Lakh (FY 2025) | 82.0% | New Delhi, Delhi, India | |||
| Anthoupolis Technologies India Private Limited | ₹40.93 Lakh (FY 2025) | 409259300.0% | Gurgaon, Haryana, India | |||
| Amica Payment Services Private Limitedthis company | ₹40.79 Lakh (FY 2025) | -₹44.53 Lakh | -109.2% | 18.0% | Mumbai, Maharashtra, India | |
| Rdspe Services Private Limited | ₹40.39 Lakh (FY 2025) | Bishnupur, West Bengal, India | ||||
| Brandsfi Labs Private Limited | ₹40.39 Lakh (FY 2025) | 12.0% | Mumbai, Maharashtra, India | |||
| Spidersense Technologies Private Limited | ₹39.59 Lakh (FY 2022) | 375.0% | Hyderabad, Telangana, India | |||
| Pumpcharge Internet Private Limited | ₹39.56 Lakh (FY 2018) | 44.0% | Vadodara, Gujarat, India | |||
| Add Technologies (India) Limited | ₹38.42 Lakh (FY 2025) | 1.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Amica Payment Services Private Limited, buy the company report.
Auditor
Amica Payment Services Private Limited is audited by S R Dhariwal and Company for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S R Dhariwal and Company | FY 2023 | 102466W |
Shareholding
The shareholding of Amica Payment Services Private Limited is on record for 2 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Amica Payment Services Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Amica Payment Services Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Amica Payment Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Amica Payment Services Private Limited has 1 active EPFO establishment as of Mar 21, 2024.
GST
No GST registration is on our record for Amica Payment Services Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Amica Payment Services Private Limited has 6 board changes on record since 2021: 4 appointments and 2 cessations. The latest: Chinmay Jain was appointed as Additional Director on 06 Aug 2025.
Frequently asked questions
Amica Payment Services 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 13 December 2021 (5+ years old) and is registered under CIN U67100MH2021PTC373183.
Amica Payment Services has 4 current directors:
- Jitendra Gupta - Director
- Girikumar Madhavan Nair - Director
- Chinmay Jain - Additional Director
- Piyush Kabra - Director
The latest financial statements of Amica Payment Services on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 July 2025. Year-wise statements from FY 2022 are in the company report.
The CIN (Corporate Identification Number) of Amica Payment Services is U67100MH2021PTC373183. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Amica Payment Services was incorporated on 13 December 2021, making it 5+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Amica Payment Services by revenue are Finone Technologies Private Limited, Raga Global Payments Private Limited, Faizmeer Solutions Private Limited, Galena Services Private Limited, Anthoupolis Technologies India Private Limited and 5 more, all in the BFSI industry (Payment Solution Providers).
Chinmay Jain was appointed as Additional Director on 06 Aug 2025. Girikumar Madhavan Nair ceased to be Additional Director on 29 Jul 2025. Chinmay Jain ceased to be Additional Director on 29 May 2025. Amica Payment Services has 6 board changes on record in total.
The registered office of Amica Payment Services is at 32 3rd Floor Viraj Building Plot No.124 Above Hdfc Bank S V Road Khar West, Mumbai, Maharashtra, India – 400052.
Amica Payment Services operates in the financial services industry, in the digital payment solutions segment.
Amica Payment Services has 1 associated brand: Jupiter Money.
Amica Payment Services can be reached at its registered office: 32 3rd Floor Viraj Building Plot No.124 Above Hdfc Bank S V Road Khar West, Mumbai, Maharashtra, India – 400052.
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