About Chillar
Chillar is a Financial Services company based in Ernakulam (India) founded in 2013 by Fairuz Ali Rehim. Reloadable smart cards are offered for offline and online payments. Its chief executive, as recorded, is Asif Basheer. Its Indian entity Chillar Payment Solutions Private Limited reported revenue of ₹2.90 Cr. Its focus areas include FinTech, Payments, Consumer Payments and Wallets. Similar companies include PhonePe, MobiKwik and Paytm; 3 of its 3 listed similar companies have raised funding.
Company details
Chillar was established in 2013 in Ernakulam, India, within the fintech sector. Reloadable smart cards are provided for settling payments on services like offline bus tickets and college fees. These cards are recharged online by users such as parents, with transaction activity monitored through digital platforms. Operations center on secure, family-oriented payment solutions in the Indian market.
- Headquarters Ernakulam, India
- Founders Fairuz Ali Rehim
- SectorsFinancial Services
- Website chillarcards.com
- Social LinkedIn Facebook
- Legal Name Chillar Payment Solutions Private Limited
- Date of Incorporation 16 Apr, 2013
- Jurisdiction Kochi, Kerala, India
- Annual Revenue₹2.90 Cr
FY 2025 · -15% YoY
- Net Profit₹9.2 Lakh
FY 2025 · 3% margin
- EBITDA₹19.9 Lakh
FY 2025 · 7% margin
Associated legal entities of Chillar
Chillar operates through Chillar Payment Solutions Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Chillar Payment Solutions Private Limited CIN U72900KL2013PTC033856 | Active | 16 Apr 2013 | Ernakulam, Kerala | ₹2.9 Cr | 6 | View details |
Board of directors of Chillar Payment Solutions Private Limited (Chillar)
Chillar Payment Solutions Private Limited is the primary company behind Chillar. The board of Chillar Payment Solutions Private Limited currently have 6 directors; the longest-serving is Harikrishnan Panickassery Madom Manmad Nair, appointed in 2016. 7 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Harikrishnan Panickassery Madom Manmad Nair DIN 07257035 | Whole-time director | 11 Jan 2016 | 10 yrs 9 mo | Chillar Payment Solutions Private Limited |
| Sreerekha Raveendranathan DIN 07199946 | Whole-time director | 11 Jan 2016 | 10 yrs 9 mo | Chillar Payment Solutions Private Limited |
| Sunil Peter DIN 02379324 | Director | 13 Nov 2017 | 8 yrs 11 mo | Chillar Payment Solutions Private Limited |
| Fairuz Ali Rehim DIN 07224660 | Director | 15 Jul 2024 | 2 yrs 3 mo | Chillar Payment Solutions Private Limited |
| Asif Basheer DIN 00910359 | Director | 13 Sep 2024 | 2 yrs 1 mo | Chillar Payment Solutions Private Limited |
| Alex Idichandy Kulathooran DIN 02478818 | Director | 27 Dec 2024 | 1 yr 10 mo | Chillar Payment Solutions Private Limited |
People of Chillar
2 people are tracked at Chillar (2 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| CEO & Managing Director | Leadership |
Complete people profiles for Chillar
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- Team structure
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Financials of Chillar
Figures of Chillar Payment Solutions Private Limited, the primary company behind Chillar, for FY 2025. Revenue was ₹2.90 Cr (-15% year on year). Net profit was ₹9.2 Lakh (3% margin). EBITDA was ₹19.9 Lakh (7% margin). Revenue has grown at a compounded annual rate of -3% over three years and +46% over five years.
- ₹2.90 CrRevenue · FY 2025 · -15% YoY
- ₹9.2 LakhNet profit · 3% margin
- ₹19.9 LakhEBITDA · 7% margin
- ₹4.00 CrPaid-up capital
- -3%Revenue CAGR, 3 years
- +46%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Chillar Payment Solutions Private Limited are on its company page.
Detailed financial statements for Chillar
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Similar companies to Chillar
Chillar has 3 listed similar companies in our database, 3 of them funded. They include PhonePe, MobiKwik and Paytm.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| phonepe.com | 2012 | Bengaluru, India | $1.71B | 1,768 | Payment, financial, investment, and lending services are provided digitally. | |
| mobikwik.com | 2009 | Gurugram, India | $283.54M | 698 | Operator of platform for online mobile, DTH recharge, and bill payments | |
| paytm.com | 2000 | Noida, India | $2.81B | 14,760 | Digital payments, financial services, and e-commerce platforms are provided. |
Detailed similar companies of Chillar
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- Full competitor set
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Top companies in Payments & Remittance Platforms
3 companies that operate in the same segment as Chillar (Payments & Remittance Platforms) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Digital payments, financial services, and e-commerce platforms are provided. | 2000 | Noida, Uttar Pradesh, India | USD 2.81 B | USD 1.05 B | 39,368 | |
Payment, financial, investment, and lending services are provided digitally. | 2012 | Bengaluru, Karnataka, India | USD 1.71 B | USD 950.07 M | 12,265 | |
Payment and business banking solutions are provided for enterprises. | 2014 | Bengaluru, Karnataka, India | USD 741.62 M | USD 302.19 M | 2,850 |
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Frequently Asked Questions about Chillar
Chillar was founded in 2013.
Chillar is headquartered in Ernakulam, India. It is registered at Ernakulam, Kerala, India.
Asif Basheer is the CEO of Chillar, as recorded in our data.
The primary company behind Chillar, Chillar Payment Solutions Private Limited, reported revenue of ₹2.90 Cr for FY 2025, down 15% year on year.
Chillar was established in 2013 in Ernakulam, India, within the fintech sector. Reloadable smart cards are provided for settling payments on services like offline bus tickets and college fees. These cards are recharged online by users such as parents, with transaction activity monitored through digital platforms. Operations center on secure, family-oriented payment solutions in the Indian market.
Chillar operates through Chillar Payment Solutions Private Limited.
The legal entities of Chillar currently have 6 directors, including Alex Idichandy Kulathooran, Harikrishnan Panickassery Madom Manmad Nair, Fairuz Ali Rehim and others.