About Kitpay
Kitpay was a Financial Services company based in Bengaluru (India) founded in 2015. It delivers payment collection management solutions for businesses. It operates on a B2B model. The company has 2 employees. Its Indian entity Naad Software Private Limited reported revenue of ₹28 Lakh. The company is recorded as dissolved. Its focus areas include Payments, Payment Management and Collection Solutions. Its competitors include Biz Analyst, Growthfile and grofleX; 1 of its 3 listed competitors has raised funding.
Company details
Kitpay delivers payment collection management solutions for businesses through offering financial products and advice, facilitating payment transactions, payment management, and collection solutions. Prioritizing client-centric approaches, it ensures high-quality outcomes, innovation, and sustainable practices in its field. It continues to evolve, meeting industry challenges with strategic approaches.
- Headquarters Bengaluru, India
- Employees 2
- SectorsFinancial Services
- Website kitpay.in
- Legal Name Naad Software Private Limited
- Date of Incorporation 21 Apr, 2004
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹28 Lakh
FY 2025 · -34% YoY
- Net Loss-₹13.2 Lakh
FY 2025 · -47% margin
- EBITDA-₹13.2 Lakh
FY 2025 · -47% margin
- Employee Count2
Associated legal entities of Kitpay
Kitpay operates through Naad Software 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 |
|---|---|---|---|---|---|---|---|
| Naad Software Private Limited CIN U72200KA2004PTC033790 | Active | 21 Apr 2004 | Bangalore, Karnataka | ₹0.3 Cr | 2 | 3 | View details |
Board of directors of Naad Software Private Limited (Kitpay)
Naad Software Private Limited is the primary company behind Kitpay. The board of Naad Software Private Limited currently have 2 directors; the longest-serving is Sourabh Jain, appointed in 2004. 10 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sourabh Jain DIN 00702148 | Managing Director | 21 Apr 2004 | 22 yrs 6 mo | Naad Software Private Limited |
| Ruchika Jain DIN 07263789 | Director | 13 Apr 2017 | 9 yrs 6 mo | Naad Software Private Limited |
Financials of Kitpay
Figures of Naad Software Private Limited, the primary company behind Kitpay, for FY 2025. Revenue was ₹28 Lakh (-34% year on year). Net loss was -₹13.2 Lakh (-47% margin). EBITDA was -₹13.2 Lakh (-47% margin). Revenue has grown at a compounded annual rate of -11% over three years and -22% over five years.
- ₹28 LakhRevenue · FY 2025 · -34% YoY
- -₹13.2 LakhNet loss · -47% margin
- -₹13.2 LakhEBITDA · -47% margin
- ₹30.80 CrPaid-up capital
- 2Employees (provident fund records)
- -11%Revenue CAGR, 3 years
- -22%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Naad Software Private Limited are on its company page.
Detailed financial statements for Kitpay
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Competitors of Kitpay
Kitpay has 3 listed competitors in our database, 1 of them funded. They include Biz Analyst, Growthfile and grofleX.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| bizanalyst.in | 2016 | Mumbai, India | 63 | Cloud based data reporting platform for enterprises | ||
| growthfile.com | 2019 | Delhi, India | $445,650 | Web-based accounts payable automation is provided for finance teams. | ||
| groflex.in | 2022 | Bengaluru, India | Functions as an invoice payment solution for businesses. |
Detailed competitors of Kitpay
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Top companies in Payments & Remittance Platforms
3 companies that operate in the same segment as Kitpay (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 Kitpay
Complete news archive for Kitpay
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Frequently Asked Questions about Kitpay
Kitpay was founded in 2015.
Kitpay is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Kitpay has 2 employees.
The primary company behind Kitpay, Naad Software Private Limited, reported revenue of ₹28 Lakh for FY 2025, down 34% year on year.
Kitpay delivers payment collection management solutions for businesses through offering financial products and advice, facilitating payment transactions, payment management, and collection solutions. Prioritizing client-centric approaches, it ensures high-quality outcomes, innovation, and sustainable practices in its field. It continues to evolve, meeting industry challenges with strategic approaches.
Kitpay's top competitors include Biz Analyst, Growthfile and grofleX.
Kitpay operates through Naad Software Private Limited.
The legal entities of Kitpay currently have 3 directors, including Sourabh Jain, Ruchika Jain, Kumud Dwivedi.