Artha Payment Solutions Private Limited
About Artha Payment Solutions Private Limited
Data last updated:
Artha Payment Solutions Private Limited was a private limited company based in Pune, Maharashtra, India, operated as a subsidiary of Opus Software Solutions Private Limited. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the digital payment solutions segment of the financial services sector. It was incorporated on 04 January 2012.
The company was registered with the Registrar of Companies (ROC), Pune, under CIN U72200PN2012PTC141843. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Electranet Payments Private Limited. It was led by directors including Swati Ramesh Mengawade and Ramesh Laxman Mengawade.
Its last annual general meeting (AGM) was held on 07 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office was at Pune, Maharashtra.
As per the financials filed for FY 2020, the company reported a revenue of ₹54.27 Lakh. For the same year it recorded a net profit of ₹53.89 Lakh (net margin 99.3%) and EBITDA of ₹53.89 Lakh (EBITDA margin 99.3%). Revenue has grown at a compounded annual rate (CAGR) of 29% over three years and 3% over five years.
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- Registered Address1st Floor Building No.4 Commerzone Samrat Ashoka Path Off Airport Road Ye, Rawada, Pune, Maharashtra, India – 411006
- IndustryFinancial Services, Digital Payment Solutions
- 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
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Business Activity of Artha Payment Solutions Private Limited
The main business activity of Artha Payment Solutions is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related 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 Artha Payment Solutions Private Limited FY 2020 filings available
Artha Payment Solutions Private Limited reported revenue of ₹54.27 Lakh for FY 2020.
Compounded Annual Growth Rate (CAGR) of Artha Payment Solutions Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 3% over five years. 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 Artha Payment Solutions Private Limited
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| 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 | ₹53.89 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹53.89 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 Artha Payment Solutions Private Limited
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 99.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 99.3% | •••• | •••• | •••• | •••• |
| 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 Artha Payment Solutions are in the company report.
Financial statements from 2015
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.
Auditor Details of Artha Payment Solutions Private Limited
Artha Payment Solutions Private Limited is audited by Ms. RCV & Associates for the financial year 2016.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Ms. RCV & 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 Artha Payment Solutions Private Limited
Artha Payment Solutions has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Swati Ramesh Mengawade Also directs: Opus Technology & Products LLP, Opus Softtech Solutions LLP, Opus Software Solutions Private Limited and 2 more | Director | 08 Sep 2015 | 11 Years 0 Months | As last reported |
| Ramesh Laxman Mengawade Also directs: Opus Technology & Products LLP, Opus Softtech Solutions LLP, Opus Software Solutions Private Limited and 2 more | Director | 04 Jan 2012 | 14 Years 9 Months | As last reported |
| Anand Ramanlal Karwa Also directs: Equation Capital Partners LLP, Kratikal Tech Limited, Am Square Partners Private Limited and 1 more | Director | 08 Sep 2015 | 11 Years 0 Months | As last reported |
Ownership and Shareholding of Artha Payment 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 Artha Payment Solutions Private Limited
Artha Payment Solutions Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Artha Payment Solutions Private Limited
Employment history and EPFO contributions of people linked to Artha Payment Solutions.
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 Artha Payment Solutions Private Limited
Artha Payment Solutions Private Limited has 6 board changes on record since 2012: 3 appointments and 3 cessations. The latest: Anand Ramanlal Karwa ceased to be Additional Director on 30 Sep 2015.
Credit Ratings, Litigation & Regulatory Alerts for Artha Payment 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 Artha Payment 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 Artha Payment 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 Artha Payment Solutions Private Limited
Artha Payment Solutions has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
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 Artha Payment 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 Artha Payment Solutions Private Limited
Artha Payment Solutions has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Artha Payment Solutions was a private limited company based in Pune, Maharashtra, India. The company worked in digital payment solutions, within the financial services industry. It was incorporated on 04 January 2012 and is registered under CIN U72200PN2012PTC141843. The company has been struck off by the Registrar of Companies and is no longer operational.
Artha Payment Solutions had 3 directors:
- Swati Ramesh Mengawade - Director
- Ramesh Laxman Mengawade - Director
- Anand Ramanlal Karwa - Director
The CIN (Corporate Identification Number) of Artha Payment Solutions is U72200PN2012PTC141843. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Artha Payment Solutions is at 1st Floor Building No.4 Commerzone Samrat Ashoka Path Off Airport Road Ye, Rawada, Pune, Maharashtra, India – 411006.
Artha Payment Solutions was incorporated on 04 January 2012. It is registered with the Registrar of Companies, Pune.
Artha Payment Solutions reported revenue of ₹54.27 Lakh for FY 2020.
Artha Payment Solutions has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh.
Artha Payment Solutions reported a net profit of ₹53.89 Lakh (net margin 99.3%) and EBITDA of ₹53.89 Lakh (EBITDA margin 99.3%) for FY 2020, as per its filed financial statements.
No. Artha Payment Solutions has 1 GST registration on record and it is cancelled or inactive.