Arthashastra Fintech Private Limited

Arthashastra Fintech Private Limited - financial services in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN U74110MH2015PTC270609 Incorporated 01 December 2015 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Private Limited Company financial services MSME · Small
Data last updated
Revenue · FY 2025
₹16.45 Cr
▲ 11% YoY
Net loss · FY 2025
₹19.67 Cr
Net margin -119.6%
EBITDA · FY 2025
-₹15.3 Cr
EBITDA margin -93%
Authorised capital
₹5 Cr
Registered with MCA
Paid-up capital
₹5.91 Lakh
Issued & subscribed
Open charges
₹15.1 Cr
Satisfied ₹4 Cr
Company age
11 yrs
Est. 2015
Employees · EPFO
75
Provident fund records

About Arthashastra Fintech Private Limited

Data last updated:

Arthashastra Fintech Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the online payment gateways segment of the financial services sector. It was incorporated on 01 December 2015 and has been in existence for over 11 years.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74110MH2015PTC270609. Its GSTIN is 27AANCA9521G1ZH (Maharashtra).

The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹5.91 Lakh. It is led by directors including Stefan Niels Van Den Berg and Anupam Agarwal.

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 94 3G Kalpataru Aura Lbs Marg Ghatkopar – West Mumbai – 400086, Maharashtra, India – 400086.

As per the financials filed for FY 2025, the company reported a revenue of ₹16.45 Cr, a growth of 11% compared to the previous year. For the same year it recorded a net loss of ₹19.67 Cr (net margin -119.6%) and EBITDA of -₹15.3 Cr (EBITDA margin -93%). Revenue has grown at a compounded annual rate (CAGR) of 22% over three years and 21% over five years.

The company has about 75 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.

The company is associated with 1 brand: ePayLater. As per MCA filings, the company has open charges of ₹15.1 Cr and satisfied charges of ₹4 Cr on record. Court records list 80 cases involving the company, including 80 filed by the company; 37 cases are pending. The company has 18 deals on record (9 funding rounds, 6 secondary share transfers, 3 debt financings), with disclosed funding of ₹180.74 Cr; the latest was in June 2024. The company has 9 MSME Form 1 returns on record between 2019 and 2024, listing 98 overdue payments to 13 micro and small suppliers.

Arthashastra Fintech Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-18-0088272). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website epaylater.in.

Company details

CIN U74110MH2015PTC270609
Registration Number 270609
Incorporation Date 01 December 2015
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-18-0088272

CIN history

Arthashastra Fintech has one previous CIN (Corporate Identification Number): U65190MH2015PTC270609. The current CIN is U74110MH2015PTC270609, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
U74110MH2015PTC270609Current
U65190MH2015PTC270609Previous
Key People
Stefan Niels Van Den Berg Director Akshay Dua Nominee Director Anupam Agarwal Director

Recognitions & Rankings of Arthashastra Fintech

MSME (Udyam registered) Ministry of MSME
Category
Small (2024-25)
Udyam number
UDYAM-MH-18-0088272

Contact details

Arthashastra Fintech Private Limited's registered office is in Mumbai, Maharashtra. Its website is epaylater.in. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    epaylater.in
  • Social Media
  • Registered Address
    94 3G Kalpataru Aura Lbs Marg Ghatkopar – West Mumbai – 400086, Maharashtra, India – 400086
  • Industry
    Financial Services, Online Payment Gateways

To see the full contact details of Arthashastra Fintech Private Limited, buy the company report.

Comprehensive company report
Arthashastra Fintech Private Limited - one report that includes everything
  • 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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Brands

Arthashastra Fintech operates one associated brand: ePayLater. Each brand links to its own profile.

BrandDescriptionWebsite
ePayLater
Digital credit is extended to SMEs for deferred inventory payments.epaylater.in

Business activity

The main business activity of Arthashastra Fintech is information and communication. In detail, this covers computer programming, consultancy and related activities.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
JInformation and communicationJ6Computer programming, consultancy and related activities

To see the full business activity and turnover split of Arthashastra Fintech Private Limited, buy the company report.

Financials of Arthashastra Fintech Private Limited

FY 2024 filings available

Arthashastra Fintech Private Limited reported revenue of ₹16.45 Cr (up 11% YoY) for FY 2025.

Revenue · FY 2025
₹16.45 Cr ▲ 11%
Net loss · FY 2025
₹19.67 Cr margin -119.6%
EBITDA · FY 2025
-₹15.3 Cr margin -93%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 11%
3 years · compounded
▲ 22%
5 years · compounded
▲ 21%
EBITDA CAGR growth
1 year
▲ 18%
3 years · compounded
▲ 9%
5 years · compounded
▼ 4%

Revenue has grown at a compounded annual rate (CAGR) of 21% over five years, including 11% growth in the latest year. EBITDA rose 18% 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 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-₹15.3 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)-₹19.67 Cr
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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin-93%
Net Profit Margin-119.6%
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

To see the full financial statements and ratios of Arthashastra Fintech Private Limited, buy the company report.

Board of directors of Arthashastra Fintech Private Limited

Arthashastra Fintech has 4 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Stefan Niels Van Den BergDirector31 Aug 20197 Years 2 MonthsCurrent
Akshay Dua
Also directs: Sahyadri Farms Post Harvest Care Limited, Wingreens Farms Private Limited, Ace International Limited and 2 more
Nominee Director23 Oct 20215 Years 0 MonthsCurrent
Anupam Agarwal
Also directs: Turing Finance Private Limited, Primemover Mobility Technologies Private Limited
Director21 Oct 20206 Years 0 MonthsCurrent
Aurko Bhattacharya
Also directs: Arthashastra Epaylater Financial Private Limited
Director01 Dec 201510 Years 11 MonthsCurrent
View all directors

Auditor

Arthashastra Fintech Private Limited is audited by CNK & ASSOCIATES LLP for the financial year 2023.

Auditor firmFinancial yearFirm registration number
CNK & ASSOCIATES LLPFY 2023101961W/W100036

Shareholding

The shareholding of Arthashastra Fintech Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2023FY 2022FY 2021FY 2020FY 2019
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Arthashastra Fintech Private Limited, buy the company report.

Charges & borrowings

Open charges
₹15.1 Cr
Satisfied charges
₹4 Cr
Breakdown by lending institutions
Others₹15.10 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
06 Aug 2025101134682Others₹1 CrOpen
07 Mar 2024100920148Others₹12 CrOpen
25 Apr 2019100264390Others₹2.1 CrOpen
24 Apr 2024100923690Others₹4 CrSatisfied

To see the full charge records of Arthashastra Fintech Private Limited, buy the company report.

Total charge records: 4 View all charges

Deals & funding

Arthashastra Fintech Private Limited has 18 deals on record (9 funding rounds, 6 secondary share transfers, 3 debt financings), with disclosed funding of ₹180.74 Cr; the latest was in June 2024.

Total deals
18
Funding rounds
9
Secondary share transfers
6
Debt financings
3
Disclosed funding
₹180.74 Cr

Deals on record (5 of 18)

WhenDealAmountParties
Jun 2024Debt financing₹4 CrInvestors: Lighthouse Canton
May 2024Debt financing₹4 CrInvestors: Jeejeebhoy Family Office
Mar 2024Debt financing₹8 CrInvestors: Lighthouse Canton
Jan 2021Funding round · Series A₹12.76 CrInvestors: Pravega Ventures, 2 individuals
Sep 2018Funding round · Seed₹25.49 CrInvestors: Icici Bank Limited , Marae India Investments B V, GMO Venture Partners

To see the full deal history of Arthashastra Fintech Private Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

Arthashastra Fintech Private Limited has 9 MSME Form 1 returns on record between 2019 and 2024, listing 98 overdue payments to 13 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (5 of 13)

SupplierAmount dueDue sinceReported on
Signzy Technologies Private Limited
Karza Technologies Private Limited
Genesis Artificial Intelligence Private Limited
Bureauid India Private Limited
Juspay Technologies Private Limited

To see the full MSME payment records of Arthashastra Fintech Private Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Group structure & subsidiaries

Arthashastra Fintech has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.

1
Subsidiary companies
Key subsidiaries
Company NameCINShares held
Arthashastra Epaylater Financial Private LimitedU65999HR2019PTC078016

To see the full group structure of Arthashastra Fintech Private Limited, buy the company report.

Employees & EPFO

Arthashastra Fintech Private Limited has a workforce of 75 employees on its EPFO records as of Mar 22, 2024, across 1 active EPFO establishment.

Employee count
75
Active EPFO establishments
1
Employee growth
-31.19%

GST

Arthashastra Fintech has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
27AANCA9521G1ZHMaharashtraActive01 Jul 2017

To see the full GST registrations and return filing status of Arthashastra Fintech Private Limited, buy the company report.

Recent activity

Arthashastra Fintech Private Limited has 11 board changes on record since 2015: 4 appointments and 7 cessations. The latest: Uday Shankar Somayajula ceased to be Director on 22 Nov 2024.

Charges
A charge registered on 24 Apr 2024 via Charge ID 100923690 with Others was fully satisfied on 26 Nov 2025.
Charges
A charge with Others amounted to Rs. 1.00 Cr with Charge ID 101134682 was registered on 06 Aug 2025.
Ceased
Uday Shankar Somayajula ceased to be Director.
AGM
Arthashastra Fintech Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Charges
A charge with Others of Rs. 12.00 Cr registered on 07 Mar 2024 with Charge ID 100920148 was modified on 31 May 2024.
Charges
A charge with Others amounted to Rs. 4.00 Cr with Charge ID 100923690 was registered on 24 Apr 2024.
Filing
Arthashastra Fintech Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Charges
A charge with Others amounted to Rs. 12.00 Cr with Charge ID 100920148 was registered on 07 Mar 2024.
Appointed
Akshay Dua was appointed as Nominee Director.
Ceased
Jyothy Palat ceased to be Director.
Ceased
Santhi Thomas ceased to be Director.
Ceased
Anupam Agarwal ceased to be Additional Director.

9 earlier events are in the company report.

News

Credit startup ePayLater sees disbursal growth
30 Nov 2021 · Financialexpress
EPayLater raises $10m to offer zero-cost credit to SMEs
20 Sep 2021 · Retailbankerinternational

Frequently asked questions

Arthashastra Fintech 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 01 December 2015 (11+ years old) and is registered under CIN U74110MH2015PTC270609.

Arthashastra Fintech has 4 current directors:

The latest financial statements of Arthashastra Fintech on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2016 are in the company report.

The GSTIN of Arthashastra Fintech is 27AANCA9521G1ZH, registered in Maharashtra.

The CIN (Corporate Identification Number) of Arthashastra Fintech is U74110MH2015PTC270609. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Arthashastra Fintech has 80 court cases on record: 80 filed by the company. 37 are pending.

Arthashastra Fintech was incorporated on 01 December 2015, making it 11+ years old. It is registered with the Registrar of Companies, Mumbai.

Arthashastra Fintech has 18 deals on record (9 funding rounds, 6 secondary share transfers, 3 debt financings), with disclosed funding of ₹180.74 Cr; the latest was in June 2024.

Uday Shankar Somayajula ceased to be Director on 22 Nov 2024. Akshay Dua was appointed as Nominee Director on 23 Oct 2021. Jyothy Palat ceased to be Director on 28 Sep 2021. Arthashastra Fintech has 11 board changes on record in total.

Yes, Arthashastra Fintech is registered as a small enterprise under Udyam registration (number: UDYAM-MH-18-0088272).

Arthashastra Fintech has 9 MSME Form 1 returns on record between 2019 and 2024, listing 98 overdue payments to 13 micro and small suppliers. The latest return was filed on 29 Apr 2024.