About BharatATM
BharatATM is a company based in Mumbai (India) founded in 2015. It operates as a B2C. The company has 44 employees. BharatATM operates in a competitive market with competitors including Spice Money, PayNearby, Suvidhaa, Sub-K and WeRize, among others.
- Headquarter Mumbai, India
- Employees 44
- SectorsFinancial Services
- Website bharatatm.app
- Social X Facebook
- Legal Name Mahagram Payments Private Limited
- Date of Incorporation 12 Jun, 2015
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹12.80 Cr
FY 2021 · +44% YoY
- Net Profit₹0.72 Cr
FY 2021 · 6% margin
- EBITDA₹1.91 Cr
FY 2021 · 15% margin
- Employee Count44
Associated legal entities of BharatATM
BharatATM operates through Mahagram Payments Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2021) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Mahagram Payments Private Limited CIN U74999MH2015GAT265470 | Active | 12 Jun 2015 | Mumbai, Maharashtra | ₹12.8 Cr | 44 | 2 | View details |
Board of directors of Mahagram Payments Private Limited (BharatATM)
Mahagram Payments Private Limited is the primary company behind BharatATM. The board of Mahagram Payments Private Limited currently have 2 directors; the longest-serving is Ram Shriram Pathade, appointed in 2015. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ram Shriram Pathade DIN 07208213 | Director | 12 Jun 2015 | 11 yrs 3 mo | Mahagram Payments Private Limited |
| Vasudev Chidambar Phadnis DIN 03489886 | Additional Director | 10 Mar 2022 | 4 yrs 7 mo | Mahagram Payments Private Limited |
Financials of BharatATM
Figures of Mahagram Payments Private Limited, the primary company behind BharatATM, for FY 2021. Revenue was ₹12.80 Cr (+44% year on year). Net profit was ₹0.72 Cr (6% margin). EBITDA was ₹1.91 Cr (15% margin). Revenue has grown at a compounded annual rate of +139% over three years and +102% over five years.
- ₹12.80 CrRevenue · FY 2021 · +44% YoY
- ₹0.72 CrNet profit · 6% margin
- ₹1.91 CrEBITDA · 15% margin
- ₹0.01 CrPaid-up capital
- 44Employees (provident fund records)
- +139%Revenue CAGR, 3 years
- +102%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Mahagram Payments Private Limited are on its company page.
Detailed financial statements for BharatATM
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Competitors of BharatATM
BharatATM operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Spice Money, PayNearby, Suvidhaa, Sub-K and WeRize, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| spicemoney.com | 2000 | Noida, India | $15.42M | 1,164 | Digital payment and banking service provider in rural areas | |
| paynearby.in | 2016 | Mumbai, India | $3.95M | 837 | Digital payment and banking services are facilitated via retail partnerships. | |
| suvidhaa.com | 2007 | Mumbai, India | $37.8M | 15 | Tech-enabled financial and e-commerce services are delivered via retail outlets. | |
| subk.co.in | 2010 | Hyderabad, India | $22.51M | 1,738 | Provider of digital financial services for underserved populations | |
| werize.com | 2019 | Bengaluru, India | $27.95M | 285 | Provider of credit insurance and savings products for small town families | |
| rnfiservices.com | 2015 | Delhi, India | – | 1,385 | Digital payment services including gateways, remittances, and recharges are provided. | |
| fingpay.co.in | 2016 | Indore, India | $3.72M | 55 | Banking and financial services for last-mile transactions are provided. | |
| go.ooo | 2018 | Mumbai, India | $859,691 | 160 | Agent-based payment solutions are offered for consumers and businesses. | |
| storeking.in | 2012 | Bengaluru, India | $50.84M | 114 | Online supermarket services are provided to small-town retailers. |
Detailed competitors of BharatATM
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Latest news on Bharatatm
Complete news archive for BharatATM
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Similar companies to BharatATM
10 companies that operate in the same segment as BharatATM (Cloud Banking), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
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AI consulting, engineering, and training services provided worldwide. | 2013 | Jaipur, Rajasthan, India | – | USD 18.96 M | 713 | |
Operates as an urban co-operative bank, offering financial services to community members. | 1979 | Ballari, Karnataka, India | – | – | – | |
Cloud-based app for generating, managing, and sending invoices with secure backups. | – | Vadodara, Gujarat, India | – | USD 22.77 K | – | |
Delivers IT services in automation, cloud, and digital transformation for enterprises worldwide. | 1971 | Mumbai, Maharashtra, India | – | USD 17.44 M | – | |
Money-saving mobile apps are developed for consumers and businesses. | 2012 | Detroit, Michigan, United States | USD 700 K | – | – | |
Banking software solutions and digital transformation services for financial institutions in India. | 1996 | Nashik, Maharashtra, India | – | USD 2.9 M | 247 |
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Frequently Asked Questions about BharatATM
BharatATM was founded in 2015.
BharatATM is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
BharatATM has 44 employees.
The primary company behind BharatATM, Mahagram Payments Private Limited, reported revenue of ₹12.80 Cr for FY 2021, up 44% year on year.
BharatATM offers app-based correspondent banking services for users through finance, banking, digital banking, and correspondent services. Prioritizing client-centric approaches, it ensures high-quality outcomes, innovation, and sustainable practices in its field. It continues to evolve, meeting industry challenges with strategic approaches.
BharatATM's top competitors include Spice Money, RNFI Services and PayNearby.
BharatATM operates through Mahagram Payments Private Limited.
The legal entities of BharatATM currently have 2 directors, including Ram Shriram Pathade, Vasudev Chidambar Phadnis.