About Cipherpay
Cipherpay is a Technology company based in New Delhi (India) founded in 2022. It offers AI-enabled payment processing solutions for efficient business transactions. It operates on a B2B model. The company has 3 employees. Its Indian entity Ciphersquare Payment Solutions Private Limited reported revenue of ₹7.52 Cr. Its focus areas include Finance, Fintech, Payment Processing and AI-Enabled Solutions. Similar companies include Razorpay, Mintoak and Pine Labs; 3 of its 3 listed similar companies have raised funding.
Company details
Cipherpay, based in New Delhi, focuses on finance, fintech, processing payments securely, and ai-enabled solutions. Offers AI-enabled payment processing solutions for efficient business transactions. The company prioritizes operational excellence, innovation, and customer-centric approaches for success. It continues to evolve, meeting industry challenges with strategic approaches.
- Headquarters New Delhi, India
- Employees 3
- SectorsTechnology
- Email••••••••
- Phone•••• ••••
- Website cipherpay.in
- Social LinkedIn X Facebook Instagram
- Legal Name Ciphersquare Payment Solutions Private Limited
- Date of Incorporation 13 Jun, 2022
- Jurisdiction Delhi, India
- Annual Revenue₹7.52 Cr
FY 2025 · +297% YoY
- Net Profit₹6.9 Lakh
FY 2025 · 1% margin
- EBITDA₹2.34 Cr
FY 2025 · 31% margin
- Employee Count3
Associated legal entities of Cipherpay
Cipherpay operates through Ciphersquare 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 |
|---|---|---|---|---|---|---|---|
| Ciphersquare Payment Solutions Private Limited CIN U72900DL2022PTC399881 | Active | 13 Jun 2022 | Delhi, Delhi | ₹7.5 Cr | 3 | 2 | View details |
Board of directors of Ciphersquare Payment Solutions Private Limited (Cipherpay)
Ciphersquare Payment Solutions Private Limited is the primary company behind Cipherpay. The board of Ciphersquare Payment Solutions Private Limited currently have 2 directors; the longest-serving is Nikhil Nayyar, appointed in 2022. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Nikhil Nayyar DIN 09636240 | Director | 13 Jun 2022 | 4 yrs 5 mo | Ciphersquare Payment Solutions Private Limited |
| Himanshu Chawla DIN 10576244 | Director | 03 Apr 2024 | 2 yrs 7 mo | Ciphersquare Payment Solutions Private Limited |
Financials of Cipherpay
Figures of Ciphersquare Payment Solutions Private Limited, the primary company behind Cipherpay, for FY 2025. Revenue was ₹7.52 Cr (+297% year on year). Net profit was ₹6.9 Lakh (1% margin). EBITDA was ₹2.34 Cr (31% margin).
- ₹7.52 CrRevenue · FY 2025 · +297% YoY
- ₹6.9 LakhNet profit · 1% margin
- ₹2.34 CrEBITDA · 31% margin
- ₹1 LakhPaid-up capital
- 3Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Ciphersquare Payment Solutions Private Limited are on its company page.
Detailed financial statements for Cipherpay
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Similar companies to Cipherpay
Cipherpay has 3 listed similar companies in our database, 3 of them funded. They include Razorpay, Mintoak and Pine Labs.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| razorpay.com | 2014 | Bengaluru, India | $741.62M | 2,641 | Payment and business banking solutions are provided for enterprises. | |
| mintoak.com | 2017 | Mumbai, India | $24.71M | 140 | Digital payments and engagement solutions are offered for MSMEs. | |
| pinelabs.com | 1998 | Noida, India | $1.23B | 3,780 | Omnichannel payment solutions, loyalty programs, and business tools are provided. |
Detailed similar companies of Cipherpay
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Top companies in AI in Banking
3 companies that operate in the same segment as Cipherpay (AI in Banking) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Offers AI-powered product development and consulting services worldwide. | 1997 | Hyderabad, Telangana, India | 2,274 | |||
AI app for automatic expense tracking, bill reminders, and account balance monitoring. | Bathinda, Punjab, India | USD 107.21 K | ||||
Offers digital product development, app modernization, and AI solutions for clients. | 2008 | Hyderabad, Telangana, India | USD 1.74 M | 128 |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Frequently Asked Questions about Cipherpay
Cipherpay was founded in 2022.
Cipherpay is headquartered in New Delhi, India. It is registered at New Delhi, Delhi, India.
Cipherpay has 3 employees.
The primary company behind Cipherpay, Ciphersquare Payment Solutions Private Limited, reported revenue of ₹7.52 Cr for FY 2025, up 297% year on year.
Cipherpay, based in New Delhi, focuses on finance, fintech, processing payments securely, and ai-enabled solutions. Offers AI-enabled payment processing solutions for efficient business transactions. The company prioritizes operational excellence, innovation, and customer-centric approaches for success. It continues to evolve, meeting industry challenges with strategic approaches.
Cipherpay operates through Ciphersquare Payment Solutions Private Limited.
The legal entities of Cipherpay currently have 2 directors, including Nikhil Nayyar, Himanshu Chawla.