About Ewire
Ewire is a Financial Services company based in Ernakulam (India) founded in 2018 by Udayabhanu Damodaran. Mobile wallet app for recharges, transfers, and payments is provided. The company has 13 employees. Ewire has completed 1 acquisition, including MSS Payments. Its Indian entity Ewire Softtech Private Limited reported revenue of ₹6.93 Cr. Ewire offers products and services including Prepaid Cards, ATM/CDM & Micro ATMs, Ewire QR Code, and Insurance. 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
Ewire was founded in 2018 in Ernakulam, India, within the fintech sector. An app-based mobile wallet is operated, enabling online recharges, money transfers, ATM withdrawals, online purchases, and bill payments. Integration with MTN for transactions is supported, while wallets are loaded through UPI, credit cards, debit cards, or internet banking. Availability extends to Android and iOS platforms for users in the region.
- Headquarters Ernakulam, India
- Employees 13
- Founders Udayabhanu Damodaran
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website ewiresofttech.com
- Social LinkedIn X Facebook Instagram YouTube
- Legal Name Ewire Softtech Private Limited
- Date of Incorporation 19 Apr, 2018
- Jurisdiction Ernakulam, Kerala, India
- Annual Revenue₹6.93 Cr
FY 2023 · +114% YoY
- Net Profit₹36.6 Lakh
FY 2023 · 5% margin
- EBITDA₹84.3 Lakh
FY 2023 · 12% margin
- Employee Count13
- Investments & Acquisitions
Associated legal entities of Ewire
Ewire operates through Ewire Softtech Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Ewire Softtech Private Limited CIN U72900KL2018PTC052979 | Active | 19 Apr 2018 | Ernakulam, Kerala | ₹6.9 Cr | 13 | 3 | View details |
Products & Services of Ewire
Ewire offers a comprehensive portfolio of products and services, including Prepaid Cards, ATM/CDM & Micro ATMs, Ewire QR Code, and Insurance.
Facilitates secure online and offline transactions for users.
Enables cash withdrawals and deposits at various locations.
Supports quick transactions and business promotions.
Provides coverage options like Hospicash for users.
Apps and channels of Ewire
Ewire publishes 1 mobile app with over 1K+ downloads; its YouTube channel Ewire softtech has 542 subscribers and 22 videos.
Videos from Ewire
The most watched videos on Ewire's YouTube channel, Ewire softtech (542 subscribers). Click a video to play it here.
More on Ewire softtech.
Board of directors of Ewire Softtech Private Limited (Ewire)
Ewire Softtech Private Limited is the primary company behind Ewire. The board of Ewire Softtech Private Limited currently have 3 directors; the longest-serving is Udayabhanu Damodaran, appointed in 2018. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Udayabhanu Damodaran DIN 02344907 | Managing Director | 19 Apr 2018 | 8 yrs 6 mo | Ewire Softtech Private Limited |
| Sujatha Udayabhanu DIN 02376592 | Whole-time director | 19 Apr 2018 | 8 yrs 6 mo | Ewire Softtech Private Limited |
| Sajeev Pushpamangalam DIN 10331673 | Director | 30 Sep 2023 | 3 yrs | Ewire Softtech Private Limited |
People of Ewire
3 people are tracked at Ewire (2 in leadership, 1 in team); the tracked headcount is 13.
| Name | Role | Group |
|---|---|---|
| Founder | Leadership | |
| CEO | Leadership | |
Anupama Sivan | HR Manager | Team |
Complete people profiles for Ewire
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Verified entity values are shown only after access is granted.
Financials of Ewire
Figures of Ewire Softtech Private Limited, the primary company behind Ewire, for FY 2023. Revenue was ₹6.93 Cr (+114% year on year). Net profit was ₹36.6 Lakh (5% margin). EBITDA was ₹84.3 Lakh (12% margin). Revenue has grown at a compounded annual rate of +167% over three years.
- ₹6.93 CrRevenue · FY 2023 · +114% YoY
- ₹36.6 LakhNet profit · 5% margin
- ₹84.3 LakhEBITDA · 12% margin
- ₹21 LakhPaid-up capital
- 13Employees (provident fund records)
- +167%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Ewire Softtech Private Limited are on its company page.
Detailed financial statements for Ewire
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Investments & Acquisitions by Ewire
Ewire has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include MSS Payments.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Digital wallet solution for consumer payments | mycashier.in | Bengaluru, India | 2014 | Oct 2018 | •••• |
Complete acquisition details for Ewire
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Timeline of Ewire
2 dated milestones of Ewire, from founding to its latest funding, stage changes and deals.
- Founded Ewire is founded.
- Acquisition Acquires MSS Payments.
Similar companies to Ewire
Ewire 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 Ewire
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Top companies in Payments & Remittance Platforms
3 companies that operate in the same segment as Ewire (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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Related news about Ewire
Complete news archive for Ewire
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Frequently Asked Questions about Ewire
Ewire was founded in 2018.
Ewire is headquartered in Ernakulam, India. It is registered at Ernakulam, Kerala, India.
Ewire has 13 employees.
The primary company behind Ewire, Ewire Softtech Private Limited, reported revenue of ₹6.93 Cr for FY 2023, up 114% year on year.
Ewire was founded in 2018 in Ernakulam, India, within the fintech sector. An app-based mobile wallet is operated, enabling online recharges, money transfers, ATM withdrawals, online purchases, and bill payments. Integration with MTN for transactions is supported, while wallets are loaded through UPI, credit cards, debit cards, or internet banking. Availability extends to Android and iOS platforms for users in the region.
Ewire offers Prepaid Cards, ATM/CDM & Micro ATMs, Ewire QR Code, and Insurance.
Ewire has made 1 acquisition, including MSS Payments.
Ewire operates through Ewire Softtech Private Limited.
The legal entities of Ewire currently have 3 directors, including Sajeev Pushpamangalam, Udayabhanu Damodaran, Sujatha Udayabhanu.
Yes. Ewire publishes Cashier, with over 1,000 downloads.