About India1 Payments
India1 Payments is a Financial Services company based in Bengaluru (India) founded in 2006. Manufacturer of ATM. India1 Payments has raised $55.11 million across 6 funding rounds from investors including ICICI Venture, IDBI trustee and Banktech. India1 Payments was last valued at $80.88 million in August 2019. Its chief executive, as recorded, is Srinivas K. Its Indian entity India1 Payments Limited reported revenue of ₹670 Cr. India1 Payments offers products and services including ATM Network Services and Fraud Alert Services. Its focus areas include Banking Equipment Manufacturers, Money Processing Equipment and ATMs.
Company details
India1 Payments was established in 2006 in Bengaluru, India, focusing on the financial technology sector. ATMs tailored for semi-urban and rural areas are produced, with the company ranked as the second largest brand and more than 8,000 units deployed nationwide. The micro ATM segment was introduced, and as of August 15, 2021, 1,161 units have been actively piloted across six states. Operations center on payment solutions in underserved regions.
- Headquarters Bengaluru, India
- Stage Minicorn
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website india1payments.in
- Social LinkedIn X
- Legal Name India1 Payments Limited
- Date of Incorporation 30 Jun, 2006
- Jurisdiction Bengaluru, Karnataka, India
- Annual Revenue₹670 Cr
FY 2025 · +4% YoY
- Net Profit₹31.03 Cr
FY 2025 · 5% margin
- EBITDA₹271 Cr
FY 2025 · 41% margin
- Total Equity Funding$55.11M (USD)
in 6 rounds
- Latest Funding Round$14.68M (USD), Series A
Aug 2019
- InvestorsICICI Venture
& 2 more
Associated legal entities of India1 Payments
India1 Payments operates through India1 Payments 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 |
|---|---|---|---|---|---|---|---|
| India1 Payments Limited CIN U93090KA2006FLC050581 | Active | 30 Jun 2006 | Bangalore, Karnataka | ₹670 Cr | 14 | View details |
Products & Services of India1 Payments
India1 Payments offers a comprehensive portfolio of products and services, including ATM Network Services and Fraud Alert Services.
ATM networks are provided and managed for banking operations in India.
Warnings about fake websites and authentication methods are offered to protect users.
Funding Insights of India1 Payments
India1 Payments has successfully raised a total of $55.11M across 6 strategic funding rounds. The most recent funding activity was a Series A round of $14.68 million completed in August 2019. 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 $55.11M
- Total Rounds 6
- Last Round Series A — $14.68M
- First Round $1.41M
(Aug 2008)
- Investors Count 3
All 6 funding rounds of India1 Payments 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 |
|---|---|---|---|---|---|
| Aug 2019 | $14.68M | Series A | $80.88M | ICICI Venture | – |
| Oct 2015 | $18.98M | Series A | $74.64M | ICICI Venture | – |
| May 2014 | $3.82M | Series A | $••••• | ICICI Venture | – |
| Jun 2013 | $16.07M | Series A | $••••• | IDBI trustee | |
| Nov 2011 | $147,210 | Seed | – | – | – |
| Aug 2008 | $1.41M | Seed | – | – | – |
| Date | Valuation | Stage |
|---|---|---|
| Aug 2019 | $80.88M | •••••••• |
| Oct 2015 | $74.64M | •••••••• |
| May 2014 | $••••• | •••••••• |
| Jun 2013 | $••••• | •••••••• |
Full valuation and stage history of India1 Payments
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $80.88M (Aug 2019). 3 investors in total: 3 institutional.
Investors in India1 Payments
India1 Payments has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include ICICI Venture, IDBI trustee and Banktech.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Alternative asset management and investment services in India. | 1988 | iciciventure.com | Mumbai, India | |
Provides corporate trusteeship services for debentures, securities, and investments. | 2001 | idbitrustee.com | Mumbai, India | |
| banktech.com.au |
Investor details for India1 Payments
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of India1 Payments Limited (India1 Payments)
India1 Payments Limited is the primary company behind India1 Payments. The board of India1 Payments Limited currently have 9 directors; the longest-serving is David Scott Glen, appointed in 2006. 13 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| David Scott Glen DIN 02073436 | Director | 30 Jun 2006 | 20 yrs 4 mo | India1 Payments Limited |
| Peter Alexander Blackett DIN 06649881 | Nominee Director | 14 Aug 2013 | 13 yrs 2 mo | India1 Payments Limited |
| Srinivas Kondethimmanapalli DIN 03533535 | Director | 02 Dec 2013 | 12 yrs 10 mo | India1 Payments Limited |
| Nikhil Mohta DIN 00932030 | Nominee Director | 05 Feb 2019 | 7 yrs 8 mo | India1 Payments Limited |
| Ruchita Taneja Aggarwal DIN 09295623 | Director | 01 Sep 2021 | 5 yrs 2 mo | India1 Payments Limited |
| Amrita Gangotra DIN 08333492 | Director | 01 Sep 2021 | 5 yrs 2 mo | India1 Payments Limited |
| Natrajh Ramakrishna DIN 06597041 | Director | 01 Sep 2021 | 5 yrs 2 mo | India1 Payments Limited |
| Kamlesh Dadlani DIN 10790204 | Nominee Director | 25 Nov 2024 | 1 yr 11 mo | India1 Payments Limited |
| Shaleen Jain DIN 00487366 | CFO | 01 Jul 2025 | 1 yr 4 mo | India1 Payments Limited |
People of India1 Payments
2 people are tracked at India1 Payments (2 in leadership).
| Name | Role | Group |
|---|---|---|
Srinivas K | CEO & MD | Leadership |
Sanjay Bajaj | Group Chief Financial Officer & Director Of Shared Services | Leadership |
Complete people profiles for India1 Payments
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of India1 Payments
Figures of India1 Payments Limited, the primary company behind India1 Payments, for FY 2025. Revenue was ₹670 Cr (+4% year on year). Net profit was ₹31.03 Cr (5% margin). EBITDA was ₹271 Cr (41% margin). Revenue has grown at a compounded annual rate of +14% over three years.
- ₹670 CrRevenue · FY 2025 · +4% YoY
- ₹31.03 CrNet profit · 5% margin
- ₹271 CrEBITDA · 41% margin
- ₹16.21 CrPaid-up capital
- +14%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of India1 Payments Limited are on its company page.
Detailed financial statements for India1 Payments
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of India1 Payments
4 dated milestones of India1 Payments across 13 years, from founding to its latest funding, stage changes and deals.
- Founded India1 Payments is founded.
- Funding First funding round of $1.4M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series A, of $14.7M.
Web traffic of India1 Payments
The website of India1 Payments (india1payments.in) receives about 4K visits a month.
- Monthly visits4K
▲ 34.6% vs previous month
Websites whose visitors overlap most with India1 Payments. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| hitachimoneyspotatm.com | 100% | 31K | #950,356 | View details | |
| 3i.com | 65% | 84K | #466,316 | View details | |
| wealthelite.in | 62% | 538.3K | #90,272 | View details | |
allbankatm.in | allbankatm.in | 40% | – |
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Related news about India1 Payments
Complete news archive for India1 Payments
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Frequently Asked Questions about India1 Payments
India1 Payments was founded in 2006 and raised its 1st funding round 2 years after it was founded.
India1 Payments is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Srinivas K is the CEO of India1 Payments, as recorded in our data.
India1 Payments is a funded company, having raised a total of $55.11M across 6 funding rounds to date. The company's 1st funding round was a Seed of $1.41M, raised on Aug 2008.
The primary company behind India1 Payments, India1 Payments Limited, reported revenue of ₹670 Cr for FY 2025, up 4% year on year.
India1 Payments was established in 2006 in Bengaluru, India, focusing on the financial technology sector. ATMs tailored for semi-urban and rural areas are produced, with the company ranked as the second largest brand and more than 8,000 units deployed nationwide. The micro ATM segment was introduced, and as of August 15, 2021, 1,161 units have been actively piloted across six states. Operations center on payment solutions in underserved regions.
India1 Payments offers ATM Network Services and Fraud Alert Services.
India1 Payments has 3 investors. Key investors include ICICI Venture, IDBI trustee, and Banktech.
The valuation of India1 Payments is $80.88M as of Aug 2019.
India1 Payments operates through India1 Payments Limited.
The legal entities of India1 Payments currently have 12 directors, including Nikhil Mohta, David Scott Glen, Shaleen Jain and others.