About Innopay
Innopay is a Financial Services company based in Bengaluru (India) founded in 2023 by Venugopal Puvvada and Keerthi Akkineni. Money transfers and bill payments are facilitated via mobile app. It operates on a FinTech and Commission-Based model. The company has 31 employees. Its Indian entity Innopay Technologies Private Limited reported revenue of ₹32.52 Cr. Innopay offers products and services including Bill Payments, Mobile Recharge, and Digital Gold. Its focus areas include Technology, Financial Technology and Digital Payments. Its competitors include Paymatrix, Komparify and EG Payment; 1 of its 3 listed competitors has raised funding.
Company details
Innopay is established as a leading digital bill payment platform in India, focusing on enhancing the payment experience for users. Various services including mobile recharges, utility bill payments, and credit card settlements are provided. Investment opportunities in digital gold are also offered. The platform operates within the financial technology sector, ensuring fast, secure, and hassle-free transactions. Advanced security measures are implemented to protect user data and prevent financial losses. A rewarding system with cashbacks and referral benefits is integrated to enhance user engagement.
- Headquarters Bengaluru, India
- Employees 31
- Founders Venugopal Puvvada, Keerthi Akkineni
- SectorsFinancial Services
- Website innopay.in
- Social LinkedIn X Instagram YouTube
- Legal Name Innopay Technologies Pvt Ltd
- Date of Incorporation 25 Aug, 2020
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹32.52 Cr
FY 2024 · +149% YoY
- Net Profit₹8.72 Cr
FY 2024 · 27% margin
- EBITDA₹13.43 Cr
FY 2024 · 41% margin
- Employee Count31
Associated legal entities of Innopay
Innopay is associated with 2 registered companies on The Company Check; the primary company is Innopay Technologies Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Innopay Technologies Private Limited CIN U66190KA2020PTC137657 | Active | 25 Aug 2020 | Bangalore, Karnataka | ₹32.5 Cr | 31 | 2 | View details |
| Innopay Technologies Pvt Ltd CIN U74999KA2020PTC137657 | 25 Aug 2020 | Bangalore, Karnataka, India | View details |
Products & Services of Innopay
Innopay offers a comprehensive portfolio of products and services, including Bill Payments, Mobile Recharge, and Digital Gold.
Bill payments are facilitated for various utilities seamlessly.
Mobile recharges are processed quickly with cashback offers.
Investment in digital gold is made accessible easily.
Apps and channels of Innopay
Innopay publishes 1 mobile app with over 5M+ downloads; its YouTube channel Innopay India has 864 subscribers and 4 videos.
Videos from Innopay
The most watched videos on Innopay's YouTube channel, Innopay India (864 subscribers). Click a video to play it here.
More on Innopay India.
Board of directors of Innopay Technologies Private Limited (Innopay)
Innopay Technologies Private Limited is the primary company behind Innopay. The board of Innopay Technologies Private Limited currently have 2 directors; the longest-serving is Anuradha Puvvada, appointed in 2020.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Anuradha Puvvada DIN 08847231 | Director | 25 Aug 2020 | 6 yrs 2 mo | Innopay Technologies Private Limited |
| Keerthi Akkineni DIN 08847230 | Director | 25 Aug 2020 | 6 yrs 2 mo | Innopay Technologies Private Limited |
People of Innopay
5 people are tracked at Innopay (5 in leadership); the tracked headcount is 31.
| Name | Role | Group |
|---|---|---|
Venugopal Puvvada | Co-Founder | Leadership |
| Co-Founder | Leadership | |
Shikko Nijland | CEO | Leadership |
Arun Muthu | Head - Business & Partnerships | Leadership |
Nagendra Vinukollu | Head Of Product | Leadership |
Complete people profiles for Innopay
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 Innopay
Figures of Innopay Technologies Private Limited, the primary company behind Innopay, for FY 2024. Revenue was ₹32.52 Cr (+149% year on year). Net profit was ₹8.72 Cr (27% margin). EBITDA was ₹13.43 Cr (41% margin). Revenue has grown at a compounded annual rate of +3988% over three years.
- ₹32.52 CrRevenue · FY 2024 · +149% YoY
- ₹8.72 CrNet profit · 27% margin
- ₹13.43 CrEBITDA · 41% margin
- ₹6.97 CrPaid-up capital
- 31Employees (provident fund records)
- +3988%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Innopay Technologies Private Limited are on its company page.
Detailed financial statements for Innopay
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.
Competitors of Innopay
Innopay has 3 listed competitors in our database, 1 of them funded. They include Paymatrix, Komparify and EG Payment.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| paymatrix.in | 2015 | Hyderabad, India | $618,681 | 28 | Rent payments and collections are streamlined via a SaaS platform. | |
| komparify.com | 2011 | Chennai, India | Provides a platform for comprehensive digital coupon solutions to enhance online shopping. | |||
| egpayment.com | 2021 | Jaipur, India | Digital platform for mobile recharges, bill payments, and gold investments services. |
Detailed competitors of Innopay
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.
Web traffic of Innopay
The website of Innopay (innopay.in) receives about 2.7K visits a month.
- Monthly visits2.7K
▼ 12.2% vs previous month
Websites whose visitors overlap most with Innopay. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
bookdronline.com | bookdronline.com | 100% | #7,476,807 | – |
Top companies in Payments & Remittance Platforms
3 companies that operate in the same segment as Innopay (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 Innopay
Innopay was founded in 2023.
Innopay is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Innopay has 31 employees.
The primary company behind Innopay, Innopay Technologies Private Limited, reported revenue of ₹32.52 Cr for FY 2024, up 149% year on year.
Innopay is established as a leading digital bill payment platform in India, focusing on enhancing the payment experience for users. Various services including mobile recharges, utility bill payments, and credit card settlements are provided. Investment opportunities in digital gold are also offered. The platform operates within the financial technology sector, ensuring fast, secure, and hassle-free transactions. Advanced security measures are implemented to protect user data and prevent financial losses. A rewarding system with cashbacks and referral benefits is integrated to enhance user engagement.
Innopay's top competitors include Paymatrix, Komparify and EG Payment.
Innopay offers Bill Payments, Mobile Recharge, and Digital Gold.
Innopay operates through Innopay Technologies Private Limited.
The legal entities of Innopay currently have 2 directors, including Anuradha Puvvada, Keerthi Akkineni.
Yes. Innopay publishes Innopay: Recharge & Bills, with over 5 million downloads.