About Apay Technology and Solution Private Limited
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Apay Technology and Solution Private Limited is a private limited company based in Bhubaneswar, Odisha, India, recognised as a startup by DPIIT. It operates in the HR outsourcing and talent management segment of the business process outsourcing sector. It was incorporated on 29 May 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Cuttack, under CIN U74999OR2017PTC027110. Its GSTIN is 21AAPCA6302B1ZC (Odisha).
The company has an authorised share capital of ₹2 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Himansu Malini Jena (Managing Director) and Sudhansu Malini Jena.
Its last annual general meeting (AGM) was held on 28 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Plot No. – 980/2427 Bhimatangi Housing Board Colony, Bhubaneswar, Odisha, India – 751002.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.9 Lakh, a decline of 53% compared to the previous year. For the same year it recorded a net loss of ₹8.48 Lakh (net margin -447.3%) and EBITDA of -₹8.33 Lakh (EBITDA margin -439.4%). Revenue has declined at a compounded annual rate (CAGR) of 67% over three years and 38% over five years.
The company has about 1 employee on its provident fund (EPFO) records.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website apayts.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressPlot No. – 980/2427 Bhimatangi Housing Board Colony, Bhubaneswar, Odisha, India – 751002
- IndustryBusiness Outsourcing, HR Outsourcing & Talent Management
- 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 Apay Technology and Solution Private Limited
The main business activity of Apay Technology and Solution is support service to organizations. In detail, this covers placement agencies and hr management services.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| N | Support service to Organizations | N2 | Placement agencies and HR management services | 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 Apay Technology and Solution Private Limited FY 2025 filings available
Apay Technology and Solution Private Limited reported revenue of ₹1.9 Lakh (down 53% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Apay Technology and Solution Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 38% over five years, including a 53% fall in the latest year. EBITDA rose 52% 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 Apay Technology and Solution Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | -₹8.33 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹8.48 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 Apay Technology and Solution Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -439.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -447.3% | •••• | •••• | •••• | •••• |
| 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 Apay Technology and Solution 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 Apay Technology and Solution Private Limited
Apay Technology and Solution Private Limited is compared with the companies closest to it by revenue in the Outsourcing industry (HR Outsourcing). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Maklam Vyapaar Pvt.Ltd. | ₹1.92 Lakh (FY 2025) | •••• | •••• | 0.0% | •••• | Kolkata, West Bengal, India |
| Adisa Overseas Placement and Trade Private Limited | ₹1.91 Lakh (FY 2018) | •••• | •••• | 22.0% | •••• | Mumbai, Maharashtra, India |
| Triapti Technologies Private Limited | ₹1.91 Lakh (FY 2024) | •••• | •••• | •••• | Noida, Uttar Pradesh, India | |
| Vribo Management Services Private Limited | ₹1.9 Lakh (FY 2024) | •••• | •••• | -91.0% | •••• | Delhi, India |
| SCNC Management Services Private Limited | ₹1.9 Lakh (FY 2024) | •••• | •••• | •••• | Delhi, India | |
| Apay Technology and Solution Private Limited this company | ₹1.9 Lakh (FY 2025) | •••• | •••• | -53.0% | •••• | Bhubaneswar, Odisha, India |
| MRJ IT Care Private Limited | ₹1.89 Lakh (FY 2022) | •••• | •••• | -63.0% | •••• | Jhunjhunu, Rajasthan, India |
| Abodos Studio Private Limited | ₹1.88 Lakh (FY 2025) | •••• | •••• | -2.0% | •••• | New Delhi, Delhi, India |
| Gladheart International Private Limited | ₹1.87 Lakh (FY 2023) | •••• | •••• | -60.0% | •••• | Kolar, Karnataka, India |
| 247Time Recruitment Solutions Private Limited | ₹1.87 Lakh (FY 2025) | •••• | •••• | 3.0% | •••• | Lucknow, Uttar Pradesh, India |
| E I Corporate Services Private Limited | ₹1.87 Lakh (FY 2024) | •••• | •••• | -88.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Apay Technology and Solution by revenue in the Outsourcing industry (HR Outsourcing), 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 Apay Technology and Solution Private Limited
Apay Technology and Solution Private Limited is audited by PATNAIK & CO for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| PATNAIK & CO | 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 Apay Technology and Solution Private Limited
Apay Technology and Solution has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sudhansu Malini Jena | Director | 29 May 2017 | 9 Years 4 Months | Current |
| Himansu Malini Jena | Managing Director | 29 May 2017 | 9 Years 4 Months | Current |
Ownership and Shareholding of Apay Technology and Solution 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 Apay Technology and Solution Private Limited
Apay Technology and Solution Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Apay Technology and Solution Private Limited
Apay Technology and Solution Private Limited has a workforce of 1 employees as of Apr 08, 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 Apay Technology and Solution Private Limited
Apay Technology and Solution Private Limited has 2 board changes on record since 2017: 2 appointments. The latest: Himansu Malini Jena was appointed as Managing Director on 29 May 2017.
Credit Ratings, Litigation & Regulatory Alerts for Apay Technology and Solution 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 Apay Technology and Solution 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 Apay Technology and Solution 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 Apay Technology and Solution Private Limited
Apay Technology and Solution has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 21AAPCA6302B1ZC | Odisha | Active | 17 Jan 2018 |
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 Apay Technology and Solution 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 Apay Technology and Solution Private Limited
Apay Technology and Solution is an active private limited company based in Bhubaneswar, Odisha, India. The company works in HR outsourcing and talent management, within the business outsourcing industry. It was incorporated on 29 May 2017 (9+ years old) and is registered under CIN U74999OR2017PTC027110.
Apay Technology and Solution reported revenue of ₹1.9 Lakh for FY 2025 (down 53% YoY).
Apay Technology and Solution has 2 current directors:
- Himansu Malini Jena - Managing Director
- Sudhansu Malini Jena - Director
Apay Technology and Solution reported a net loss of ₹8.48 Lakh (net margin -447.3%) and EBITDA of -₹8.33 Lakh (EBITDA margin -439.4%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Apay Technology and Solution is -67% over three years and -38% over five years. In the latest year (FY 2025) revenue fell 53%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Apay Technology and Solution is 21AAPCA6302B1ZC, registered in Odisha.
The CIN (Corporate Identification Number) of Apay Technology and Solution is U74999OR2017PTC027110. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Apay Technology and Solution was incorporated on 29 May 2017, making it 9+ years old. It is registered with the Registrar of Companies, Cuttack.
The peers of Apay Technology and Solution by revenue are Maklam Vyapaar Pvt.Ltd, Adisa Overseas Placement and Trade Private Limited, Triapti Technologies Private Limited, Vribo Management Services Private Limited, SCNC Management Services Private Limited and 5 more, all in the Outsourcing industry (HR Outsourcing).
Himansu Malini Jena was appointed as Managing Director on 29 May 2017. Sudhansu Malini Jena was appointed as Director on 29 May 2017.
Yes, Apay Technology and Solution is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).