About Hitachi Payment Services
Hitachi Payment Services is a Financial Services company based in Mumbai (India) founded in 2008, and was acquired by Hitachi in November 2013. POS payment processing and white-label ATM solutions are provided. Hitachi Payment Services has raised $7.27 million across 1 funding round from investors including Axis Bank, Hitachi and Sequoia Capital. The company has 1,441 employees. Hitachi Payment Services has completed 1 acquisition, including Writer Corporation. Hitachi Payment Services was last valued at $108.13 million in March 2011. Its chief executive, as recorded, is Anuj Khosla. Its website hitachi-payments.com draws about 284 thousand monthly visits. Its Indian entity Hitachi Payment Services Private Limited reported revenue of ₹3,216 Cr. Its focus areas include Service Providers to Banks, White Label ATMs and ATM Services.
Company details
Hitachi Payment Services was founded in 2008 and is headquartered in Mumbai, India. Operations are focused on the financial technology sector, where cash and digital payment solutions are delivered. Services encompass ATM management, cash recycling machines, ATM software platforms, white-label ATMs, POS systems, and internet payment gateways. These offerings support businesses in processing transactions securely across various channels.
- Headquarters Mumbai, India
- Employees 1,441
- Stage Acquired
- SectorsFinancial Services
- Website category Finance
- Email••••••••
- Phone•••• ••••
- Website hitachi-payments.com
- Social LinkedIn
- Acquired by Hitachi (Nov 2013)
- Legal Name Hitachi Payment Services Private Limited
- Date of Incorporation 12 Sep, 2005
- Jurisdiction Kanchipuram, Tamil Nadu, India
- Annual Revenue₹3,216 Cr
FY 2025 · +20% YoY
- Net Profit₹165 Cr
FY 2025 · 5% margin
- EBITDA₹951 Cr
FY 2025 · 30% margin
- Total Equity Funding$7.27M (USD)
in 1 rounds
- Latest Funding Round$7.27M (USD), Series B
Mar 2011
- InvestorsAxis Bank
& 2 more
- Employee Count1,441
- Investments & Acquisitions
- Acquired byHitachi
(Nov 2013)
Associated legal entities of Hitachi Payment Services
Hitachi Payment Services operates through Hitachi Payment Services 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 |
|---|---|---|---|---|---|---|---|
| Hitachi Payment Services Private Limited CIN U72100TN2005PTC057463 | Active | 12 Sep 2005 | Chennai, Tamil Nadu | ₹3,216 Cr | 1,441 | 7 | View details |
Funding Insights of Hitachi Payment Services
Hitachi Payment Services has successfully raised a total of $7.27M through 1 strategic funding round. The most recent funding activity was a Series B round of $7.27 million completed in March 2011. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $7.27M
- Total Rounds 1
- Last Round Series B — $7.27M
- First Round $7.27M
(Mar 2011)
- Investors Count 2
All 1 funding rounds of Hitachi Payment Services with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2011 | $7.27M | Series B | $108.13M | Sequoia Capital |
| Date | Valuation | Stage |
|---|---|---|
| Mar 2011 | $108.13M | •••••••• |
Last known valuation $108.13M (Mar 2011). 3 investors in total: 3 institutional.
Investors in Hitachi Payment Services
Hitachi Payment Services has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Axis Bank, Hitachi and Sequoia Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Sequoia Capital is engaged in venture capital investments. | 1972 | sequoiacap.com | ||
Provider of a commercial banking services | 1993 | axisbank.com | Mumbai, India | |
Consumer electronics and industrial machinery are produced by Hitachi. | 1910 | hitachi.com | Chiyoda City, Japan |
Investor details for Hitachi Payment Services
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Board of directors of Hitachi Payment Services Private Limited (Hitachi Payment Services)
Hitachi Payment Services Private Limited is the primary company behind Hitachi Payment Services. The board of Hitachi Payment Services Private Limited currently have 7 directors; the longest-serving is Shyam Sunder Chandrasekharan, appointed in 2008. 29 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Shyam Sunder Chandrasekharan DIN 00003613 | Director | 17 Apr 2008 | 18 yrs 6 mo | Hitachi Payment Services Private Limited |
| Loney Antony DIN 00003297 | Director | 17 Apr 2008 | 18 yrs 6 mo | Hitachi Payment Services Private Limited |
| Tetsuya Yagi DIN 06826718 | Director | 20 Mar 2014 | 12 yrs 7 mo | Hitachi Payment Services Private Limited |
| Sumil Chandrakant Vikamsey DIN 08323257 | Managing Director | 01 Apr 2023 | 3 yrs 7 mo | Hitachi Payment Services Private Limited |
| Shigeo Yuyama DIN 09598306 | Director | 11 Apr 2023 | 3 yrs 6 mo | Hitachi Payment Services Private Limited |
| Masakazu Abe DIN 10803849 | Director | 13 Dec 2024 | 1 yr 10 mo | Hitachi Payment Services Private Limited |
| Tetsuya Nakamura DIN 11056299 | Additional Director | 17 Apr 2025 | 1 yr 6 mo | Hitachi Payment Services Private Limited |
People of Hitachi Payment Services
361 people are tracked at Hitachi Payment Services (153 in leadership, 208 in team); the tracked headcount is 1,441.
| Name | Role | Group |
|---|---|---|
Anuj Khosla | Co-CEO | Leadership |
| Managing Director | Leadership | |
| Co-CEO | Leadership | |
Mulayam Singh | Co-Chief Executive Officer | Leadership |
Masahiko Hasegawa | SVP, Executive Officer & CMO | Leadership |
Toshiaki Higashihara | President & CEO | Leadership |
Bernard Gilligan | Senior Director | Leadership |
Jun Abe | SVP, Executive Officer, CEO, Services & Platforms Business Unit | Leadership |
Lorena Dellagiovanna | VP & Executive Officer, CDIO, Deputy Chief Environmental Officer | Leadership |
Anne Martin | Head Of Talent Management | Leadership |
Toby Hand | Talent Partner - Hitachi (via Join Talent) | Leadership |
Kalyan Devaraju | Chief Risk Management Officer- Hitachi Connective Industries | Leadership |
Howard Shearer | Chief Executive, Canada | Leadership |
Manuel Valverde | Deputy Chief Risk Management Officer (crmo) | Leadership |
Divya D.j | Regional HR Leader (vp) - Asia Pacific / Services Business / Hitachi Energy | Leadership |
Jun Taniguchi | VP, Executive Officer & COO, Services & Platforms Business Unit | Leadership |
Hideshi Nakatsu | VP & Executive Officer, CEO, Water & Environment Business Unit | Leadership |
Mauro Bonaso | General Manager | Leadership |
Paresh Thacker | Chief Strategy & Transformation Officer - Global HR | Leadership |
Durgesh Patel | Vice President, Strategy And Operations, Global AI COE | Leadership |
341 more people are available in the full profile.
Complete people profiles for Hitachi Payment Services
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Financials of Hitachi Payment Services
Figures of Hitachi Payment Services Private Limited, the primary company behind Hitachi Payment Services, for FY 2025. Revenue was ₹3,216 Cr (+20% year on year). Net profit was ₹165 Cr (5% margin). EBITDA was ₹951 Cr (30% margin). Revenue has grown at a compounded annual rate of +17% over three years and +12% over five years.
- ₹3,216 CrRevenue · FY 2025 · +20% YoY
- ₹165 CrNet profit · 5% margin
- ₹951 CrEBITDA · 30% margin
- ₹7.92 CrPaid-up capital
- 1,441Employees (provident fund records)
- +17%Revenue CAGR, 3 years
- +12%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Hitachi Payment Services Private Limited are on its company page.
Detailed financial statements for Hitachi Payment Services
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Investments & Acquisitions by Hitachi Payment Services
Hitachi Payment Services has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Writer Corporation.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Diversified conglomerate operations span multiple industries worldwide. | writercorporation.com | Mumbai, India | 1953 | Jul 2023 | •••• |
Complete acquisition details for Hitachi Payment Services
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Timeline of Hitachi Payment Services
5 dated milestones of Hitachi Payment Services across 15 years, from founding to its latest funding, stage changes and deals.
- Founded Hitachi Payment Services is founded.
- Funding First funding round of $7.3M.
- Milestone Reaches Minicorn status.
- Exit Acquired by Hitachi.
- Acquisition Acquires Writer Corporation.
Web traffic of Hitachi Payment Services
The website of Hitachi Payment Services (hitachi-payments.com) receives about 284.3K visits a month and ranks #125,194 among all websites worldwide, #7,842 in Finance.
- Monthly visits284.3K
▼ 18.4% vs previous month
- Unique visitors140.7K
per month
- Global rank#125,194
among all websites
- Category rank#7,842
Finance · Finance
- Bounce rate36%
- Pages per visit3.6
- Average visit4 min 25 sec
- DevicesDesktop 43% · Mobile 57%
Websites whose visitors overlap most with Hitachi Payment Services. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| vakrangee.in | 100% | 55.4K | #475,559 | View details | |
| peoplematters.in | 100% | 153.1K | #285,549 | View details | |
| sionline.co.in | 100% | 11.2K | #2,341,606 | View details | |
| finobank.com | 100% | 53.3K | #580,195 | View details | |
| fintech.global | 100% | 188.4K | #260,629 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 16 similar websites and full traffic analytics for Hitachi Payment Services
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Related news about Hitachi Payment Services
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Frequently Asked Questions about Hitachi Payment Services
Hitachi Payment Services was founded in 2008 and raised its 1st funding round 3 years after it was founded.
Hitachi Payment Services is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Anuj Khosla is the CEO of Hitachi Payment Services, as recorded in our data.
Hitachi Payment Services is a funded company, having raised a total of $7.27M across 1 funding round to date. The company's 1st funding round was a Series B of $7.27M, raised on Mar 2011.
Hitachi Payment Services has 1,441 employees.
The primary company behind Hitachi Payment Services, Hitachi Payment Services Private Limited, reported revenue of ₹3,216 Cr for FY 2025, up 20% year on year.
Hitachi Payment Services was founded in 2008 and is headquartered in Mumbai, India. Operations are focused on the financial technology sector, where cash and digital payment solutions are delivered. Services encompass ATM management, cash recycling machines, ATM software platforms, white-label ATMs, POS systems, and internet payment gateways. These offerings support businesses in processing transactions securely across various channels.
Hitachi Payment Services has made 1 acquisition, including Writer Corporation.
Hitachi Payment Services has 3 investors. Key investors include Axis Bank, Hitachi, and Sequoia Capital.
The valuation of Hitachi Payment Services is $108.13M as of Mar 2011.
Hitachi Payment Services operates through Hitachi Payment Services Private Limited.
Yes. Hitachi Payment Services was acquired by Hitachi in November 2013.