About MMADpay
MMADpay is a Financial Services company based in Gurugram (India) founded in 2014 by Gopal Krishna. Payment management solutions are offered via an online gateway platform. MMADpay has raised $2.29 million across 1 funding round from investors including Iskon Realtors, Vortex Facilities Management and Ridgeviewdevelopers. The company has 12 employees. MMADpay was last valued at $343.31 thousand in May 2021. Its chief executive, as recorded, is Anurag Bajpai. Its Indian entity Mmad Communications Private Limited reported revenue of ₹10.91 Cr. MMADpay offers products and services including White Label Global Payment Gateway, Payment Tokenization, Recurring Payments, Closed Wallet Services, and SMS Payments. Its focus areas include FinTech, Payments, Business Payments and Online Payments. Its competitors include Razorpay, Mintoak and Pine Labs; 3 of its 3 listed competitors have raised funding.
Company details
MMADpay was established in 2014 in Gurugram, India, as a fintech entity focused on payment processing. An online platform is maintained to deliver management modules for government entities, enterprises, and institutions. Services encompass smart transaction handling and tokenization for secure payments, supporting operations across various sectors in the region.
- Headquarters Gurugram, India
- Employees 12
- Founders Gopal Krishna
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website mmadpay.in
- Social LinkedIn X Facebook
- Legal Name Mmad Communications Private Limited
- Date of Incorporation 13 Jan, 2017
- Jurisdiction Gurgaon, Haryana, India
- Annual Revenue₹10.91 Cr
FY 2025 · +1% YoY
- Net Profit₹10.7 Lakh
FY 2025 · 1% margin
- EBITDA₹1.72 Cr
FY 2025 · 16% margin
- Total Equity Funding$2.29M (USD)
in 1 rounds
- Latest Funding Round$2.29M (USD), Seed
May 2021
- Employee Count12
Associated legal entities of MMADpay
MMADpay operates through Mmad Communications 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 |
|---|---|---|---|---|---|---|---|
| Mmad Communications Private Limited CIN U74999HR2017PTC091407 | Active | 13 Jan 2017 | Gurgaon, Haryana | ₹10.9 Cr | 15 | 6 | View details |
Products & Services of MMADpay
MMADpay offers a comprehensive portfolio of products and services, including White Label Global Payment Gateway, Payment Tokenization, Recurring Payments, Closed Wallet Services, and SMS Payments.
Branded payment page for secure merchant transactions
Secure storage and use of payment details for transactions
Automated recurring billing for regular payments
Digital wallet solutions for controlled payments
SMS-based payment processing for quick transactions
Funding Insights of MMADpay
MMADpay has successfully raised a total of $2.29M through 1 strategic funding round. The most recent funding activity was a Seed round of $2.29 million completed in May 2021. 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 $2.29M
- Total Rounds 1
- Last Round Seed — $2.29M
- First Round $2.29M
(May 2021)
- Investors Count 13
All 1 funding rounds of MMADpay 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 |
|---|---|---|---|---|---|
| May 2021 | $2.29M | Seed | – | Iskon Realtors, Vortex Facilities Management |
Last known valuation $343,312 (May 2021). 13 investors in total: 6 institutional and 7 angel.
Investors in MMADpay
MMADpay has secured backing from 13 investors, including institutional and angel investors. Prominent investors backing the company include Iskon Realtors, Vortex Facilities Management and Ridgeviewdevelopers.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
| ridgeviewdevelopers.tcc.mode | ||||
| czarbuildcon.tcc.mode | ||||
| focusbuildcon.tcc.mode | ||||
PG Pankaj Gambhir | unknown_65b107a2bb574e619 | |||
SG Shaloo Gambhir | unknown_9f0e483206db4649a | |||
GG Geeta Gambhir | unknown_bf8723df7eab4cd29 | |||
AG Apurva Gambhir | unknown_d0700603d3f54665a | |||
AG Aryan Gambhir | unknown_3a4ff7809cc44d5f8 | |||
SG Shraddha Gambhir | unknown_3a86101687514e5cb | |||
AG Aakriti Gambhir | unknown_4d6d915156e14bf6a |
Investor details for MMADpay
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Verified entity values are shown only after access is granted.
Board of directors of Mmad Communications Private Limited (MMADpay)
Mmad Communications Private Limited is the primary company behind MMADpay. The board of Mmad Communications Private Limited currently have 6 directors; the longest-serving is Pankaj Gambhir, appointed in 2018. 12 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Pankaj Gambhir DIN 01038766 | Director | 08 Mar 2018 | 8 yrs 7 mo | Mmad Communications Private Limited |
| Darshan Chhajer DIN 01170266 | Director | 13 Mar 2024 | 2 yrs 7 mo | Mmad Communications Private Limited |
| Mahesh Kumar Gambhir DIN 03036291 | Director | 13 Apr 2024 | 2 yrs 6 mo | Mmad Communications Private Limited |
| Rajni Hasija DIN 08083674 | Director | 21 Jun 2024 | 2 yrs 4 mo | Mmad Communications Private Limited |
| Kapil Agarwal DIN 11045028 | Additional Director | 21 Jun 2025 | 1 yr 4 mo | Mmad Communications Private Limited |
| Mohit Srivastava DIN 10082646 | Whole-Time Director | 17 Sep 2025 | 1 yr 1 mo | Mmad Communications Private Limited |
People of MMADpay
2 people are tracked at MMADpay (2 in leadership); the tracked headcount is 12.
| Name | Role | Group |
|---|---|---|
Gopal Krishna | Co-Founder | Leadership |
| CEO | Leadership |
Complete people profiles for MMADpay
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Financials of MMADpay
Figures of Mmad Communications Private Limited, the primary company behind MMADpay, for FY 2025. Revenue was ₹10.91 Cr (+1% year on year). Net profit was ₹10.7 Lakh (1% margin). EBITDA was ₹1.72 Cr (16% margin). Revenue has grown at a compounded annual rate of +20% over five years.
- ₹10.91 CrRevenue · FY 2025 · +1% YoY
- ₹10.7 LakhNet profit · 1% margin
- ₹1.72 CrEBITDA · 16% margin
- ₹51.7 LakhPaid-up capital
- 15Employees (provident fund records)
- +20%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Mmad Communications Private Limited are on its company page.
Detailed financial statements for MMADpay
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of MMADpay
2 dated milestones of MMADpay across 7 years, from founding to its latest funding, stage changes and deals.
- Founded MMADpay is founded.
- Funding First funding round of $2.3M.
Competitors of MMADpay
MMADpay has 3 listed competitors in our database, 3 of them funded. They include Razorpay, Mintoak and Pine Labs.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| razorpay.com | 2014 | Bengaluru, India | $741.62M | 2,641 | Payment and business banking solutions are provided for enterprises. | |
| mintoak.com | 2017 | Mumbai, India | $24.71M | 140 | Digital payments and engagement solutions are offered for MSMEs. | |
| pinelabs.com | 1998 | Noida, India | $1.23B | 3,780 | Omnichannel payment solutions, loyalty programs, and business tools are provided. |
Detailed competitors of MMADpay
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Verified entity values are shown only after access is granted.
Web traffic of MMADpay
The website of MMADpay (mmadpay.in) receives about 1.8K visits a month.
- Monthly visits1.8K
▲ 11.9% vs previous month
Top companies in Payments & Remittance Platforms
3 companies that operate in the same segment as MMADpay (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 Mmadpay
Complete news archive for MMADpay
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Frequently Asked Questions about MMADpay
MMADpay was founded in 2014 and raised its 1st funding round 7 years after it was founded.
MMADpay is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Anurag Bajpai is the CEO of MMADpay, as recorded in our data.
MMADpay is a funded company, having raised a total of $2.29M across 1 funding round to date. The company's 1st funding round was a Seed of $2.29M, raised on May 2021.
MMADpay has 12 employees.
The primary company behind MMADpay, Mmad Communications Private Limited, reported revenue of ₹10.91 Cr for FY 2025, up 1% year on year.
MMADpay was established in 2014 in Gurugram, India, as a fintech entity focused on payment processing. An online platform is maintained to deliver management modules for government entities, enterprises, and institutions. Services encompass smart transaction handling and tokenization for secure payments, supporting operations across various sectors in the region.
MMADpay offers White Label Global Payment Gateway, Payment Tokenization, Recurring Payments, Closed Wallet Services, and SMS Payments.
MMADpay has 13 investors. Key investors include Iskon Realtors, Vortex Facilities Management, Ridgeviewdevelopers, Aayush Securities, and Czarbuildcon.
The valuation of MMADpay is $343.31K as of May 2021.
MMADpay operates through Mmad Communications Private Limited.