About Mopay
Mopay is a Financial Services company based in Bengaluru (India) founded in 2013 by Amarnath Chowdary and Amit Darda. Wallet-enabled money transfers and bill payments are facilitated. The company has 137 employees. Its chief executive, as recorded, is Amit Darda. Its Indian entity Mode Finserver Private Limited reported revenue of ₹39.49 Cr. Mopay offers products and services including Central Mobile Payment Switch, Clearing Unit, and Settlement Integration. Its focus areas include FinTech, Payments, Consumer Payments and Wallets. Similar companies include Paytm, PhonePe and MobiKwik; 3 of its 3 listed similar companies have raised funding.
Company details
Mopay was established in 2013 in Bengaluru, India, within the fintech sector. Digital wallet services are provided to support money transfers and bill payments. Operations are centered on enabling secure financial transactions for users. The company is directed by co-founders Amarnath Chowdary, serving as Managing Director, and Amit Darda, acting as CEO. Focus remains on practical solutions for everyday financial needs in the region.
- Annual Revenue₹39.49 Cr
FY 2024 · +41% YoY
- Net Profit₹5.90 Cr
FY 2024
- EBITDA₹13.78 Cr
FY 2024 · 35% margin
- Employee Count137
Associated legal entities of Mopay
Mopay operates through Mode Finserver Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Mode Finserver Private Limited CIN U65100KA2011PTC057936 | Active | 31 Mar 2011 | Bengaluru, Karnataka | ₹39.5 Cr | 137 | 4 | View details |
Products & Services of Mopay
Mopay offers a comprehensive portfolio of products and services, including Central Mobile Payment Switch, Clearing Unit, and Settlement Integration.
Real-time switch for interbank and mobile transactions processing.
Subsystem for collecting charges on transactions and subscriptions.
Manages virtual accounts and settles payments with central banks.
Apps and channels of Mopay
its YouTube channel Modefin has 100 subscribers and 30 videos.
Videos from Mopay
The most watched videos on Mopay's YouTube channel, Modefin (100 subscribers). Click a video to play it here.
More on Modefin.
Board of directors of Mode Finserver Private Limited (Mopay)
Mode Finserver Private Limited is the primary company behind Mopay. The board of Mode Finserver Private Limited currently have 4 directors; the longest-serving is Harinath Chowdary Panguluru, appointed in 2011. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Harinath Chowdary Panguluru DIN 03382317 | Director | 31 Mar 2011 | 15 yrs 7 mo | Mode Finserver Private Limited |
| Deepthi Gundala DIN 05141527 | Director | 13 Dec 2013 | 12 yrs 10 mo | Mode Finserver Private Limited |
| Amarnath Panguluru Chowdary DIN 05178392 | Managing Director | 25 Feb 2015 | 11 yrs 8 mo | Mode Finserver Private Limited |
| Amit Bhagchand Darda DIN 07315427 | Director | 18 Jan 2016 | 10 yrs 9 mo | Mode Finserver Private Limited |
People of Mopay
2 people are tracked at Mopay (2 in leadership); the tracked headcount is 137.
| Name | Role | Group |
|---|---|---|
| Co-Founder & Managing Director | Leadership | |
| Co-Founder & CEO | Leadership |
Complete people profiles for Mopay
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Financials of Mopay
Figures of Mode Finserver Private Limited, the primary company behind Mopay, for FY 2024. Revenue was ₹39.49 Cr (+41% year on year). Net profit was ₹5.90 Cr. EBITDA was ₹13.78 Cr (35% margin). Revenue has grown at a compounded annual rate of -6% over three years and +11% over five years.
- ₹39.49 CrRevenue · FY 2024 · +41% YoY
- ₹5.90 CrNet profit
- ₹13.78 CrEBITDA · 35% margin
- 137Employees (provident fund records)
- -6%Revenue CAGR, 3 years
- +11%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Mode Finserver Private Limited are on its company page.
Detailed financial statements for Mopay
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Similar companies to Mopay
Mopay has 3 listed similar companies in our database, 3 of them funded. They include Paytm, PhonePe and MobiKwik.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| paytm.com | 2000 | Noida, India | $2.81B | 14,760 | Digital payments, financial services, and e-commerce platforms are provided. | |
| phonepe.com | 2012 | Bengaluru, India | $1.71B | 1,768 | Payment, financial, investment, and lending services are provided digitally. | |
| mobikwik.com | 2009 | Gurugram, India | $283.54M | 698 | Operator of platform for online mobile, DTH recharge, and bill payments |
Detailed similar companies of Mopay
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Web traffic of Mopay
The website of Mopay (mopay.io) receives about 1.2K visits a month.
- Monthly visits1.2K
▲ 2099.4% vs previous month
Top companies in Payments & Remittance Platforms
3 companies that operate in the same segment as Mopay (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 Mopay
Complete news archive for Mopay
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Frequently Asked Questions about Mopay
Mopay was founded in 2013.
Mopay is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Amit Darda is the CEO of Mopay, as recorded in our data. They have also founded this company.
Mopay has 137 employees.
The primary company behind Mopay, Mode Finserver Private Limited, reported revenue of ₹39.49 Cr for FY 2024, up 41% year on year.
Mopay was established in 2013 in Bengaluru, India, within the fintech sector. Digital wallet services are provided to support money transfers and bill payments. Operations are centered on enabling secure financial transactions for users. The company is directed by co-founders Amarnath Chowdary, serving as Managing Director, and Amit Darda, acting as CEO. Focus remains on practical solutions for everyday financial needs in the region.
Mopay offers Central Mobile Payment Switch, Clearing Unit, and Settlement Integration.
Mopay operates through Mode Finserver Private Limited.
The legal entities of Mopay currently have 4 directors, including Deepthi Gundala, Amarnath Panguluru Chowdary, Amit Bhagchand Darda and others.