About MPower Softcomm
MPower Softcomm was a Financial Services company based in Gurugram (India) founded in 2013. It provides innovative mobile payment solutions and technologies for secure transactions. It operates on a B2B model. The company has 9 employees. Its Indian entity Mpower Softcomm Private Limited reported revenue of ₹5.5 Lakh. The company is recorded as dissolved. Its focus areas include Fintech, Payments and Mobile Solutions. Similar companies include PhonePe, MobiKwik, Paytm, FreeCharge and MoneyGram and 4 more; 7 of its 9 listed similar companies have raised funding.
Company details
MPower Softcomm, established in 2013 and currently in Dissolved stage, focuses on offering financial products and advice, fintech, facilitating payment transactions, and mobile solutions. Provides innovative mobile payment solutions and technologies for secure transactions. Adapting to market demands with innovation and client-focused strategies.
- Headquarters Gurugram, India
- Employees 9
- SectorsFinancial Services
- Website mpowersoft.com
- Social X
- Legal Name Mpower Softcomm Private Limited
- Date of Incorporation 13 Jan, 2006
- Jurisdiction Delhi, India
- Annual Revenue₹5.5 Lakh
FY 2023 · -93% YoY
- Net Profit₹77,000
FY 2023 · 14% margin
- EBITDA-₹4.1 Lakh
FY 2023 · -74% margin
- Employee Count9
Associated legal entities of MPower Softcomm
MPower Softcomm operates through Mpower Softcomm Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Mpower Softcomm Private Limited CIN U72200DL2006PTC144799 | Active | 13 Jan 2006 | New Delhi, Delhi | ₹0.1 Cr | 9 | 2 | View details |
Board of directors of Mpower Softcomm Private Limited (MPower Softcomm)
Mpower Softcomm Private Limited is the primary company behind MPower Softcomm. The board of Mpower Softcomm Private Limited currently have 2 directors; the longest-serving is Shalini Panhotra, appointed in 2019. 15 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Shalini Panhotra DIN 03200006 | Director | 14 Jun 2019 | 7 yrs 4 mo | Mpower Softcomm Private Limited |
| Mukesh Panhotra DIN 03199993 | Director | 14 Jun 2019 | 7 yrs 4 mo | Mpower Softcomm Private Limited |
People of MPower Softcomm
6 people are tracked at MPower Softcomm (3 in leadership, 3 in team); the tracked headcount is 9.
| Name | Role | Group |
|---|---|---|
Rajat Gupta | GM Sales Head | Leadership |
| CEO and director | Leadership | |
Vishnu Singhal | General Manager | Leadership |
Rajesh Patankar | Project Manager | Team |
Suresh Madhur | Manager- System Operations & Release Deployment | Team |
Shruti Saxena | Senior Executive Human Resources | Team |
Complete people profiles for MPower Softcomm
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Financials of MPower Softcomm
Figures of Mpower Softcomm Private Limited, the primary company behind MPower Softcomm, for FY 2023. Revenue was ₹5.5 Lakh (-93% year on year). Net profit was ₹77,000 (14% margin). EBITDA was -₹4.1 Lakh (-74% margin). Revenue has grown at a compounded annual rate of -77% over three years and -70% over five years.
- ₹5.5 LakhRevenue · FY 2023 · -93% YoY
- ₹77,000Net profit · 14% margin
- -₹4.1 LakhEBITDA · -74% margin
- ₹1.6 LakhPaid-up capital
- 9Employees (provident fund records)
- -77%Revenue CAGR, 3 years
- -70%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Mpower Softcomm Private Limited are on its company page.
Detailed financial statements for MPower Softcomm
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Similar companies to MPower Softcomm
MPower Softcomm has 9 listed similar companies in our database, 7 of them funded. They include PhonePe, MobiKwik, Paytm, FreeCharge and MoneyGram, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| 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 | |
| paytm.com | 2000 | Noida, India | $2.81B | 14,760 | Digital payments, financial services, and e-commerce platforms are provided. | |
| freecharge.in | 2010 | Gurugram, India | $116.92M | 1,762 | Digital wallet services for bill payments and recharges are facilitated. | |
| moneygram.com | 1940 | Dallas, United States | – | – | Cross-border payments are enabled via wallet solutions for consumers. | |
| one97.com | 2000 | Noida, India | – | 86 | Wallet-based payment solutions are provided for consumers and businesses. | |
| citruspay.com | 2011 | Mumbai, India | $32.5M | 160 | Online payment app for consumers and businesses | |
| ebixcash.com | 1989 | Noida, India | $35.29M | 1,799 | App-based money transfer and bill payment platform for individuals and businesses | |
| olamoney.com | 2015 | Bengaluru, India | $27.22M | 31 | Digital financial products and services are provided by OLA Money. |
Detailed similar companies of MPower Softcomm
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Top companies in Travel Fintech
10 companies that operate in the same segment as MPower Softcomm (Travel Fintech), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Digital entertainment, e-commerce, and financial services are provided globally. | 2006 | Singapore, Singapore, Singapore | USD 721.47 M | USD 22.94 B | 3,733 | |
Digital payment services via UPI, cards, and wallets. | 2019 | Bengaluru, Karnataka, India | – | USD 8.79 | 74 | |
Provides an app-based platform for group expense sharing and bill splitting. | 2015 | Bengaluru, Karnataka, India | USD 2.47 M | – | 177 | |
Offers agent-based solutions for secure payment processing. | 2015 | Ludhiana, Punjab, India | – | – | – | |
Venture capital funding and support for pre-seed and seed-stage startups in India. | 2019 | Mumbai, Maharashtra, India | – | – | – | |
EPSILON NET is engaged in providing business software solutions. | 1999 | Kallithea, Attica, Greece | – | – | – | |
Offers payment gateways, links, and services for online transactions and business payments. | 2009 | Noida, Uttar Pradesh, India | – | – | – | |
Mobile app for phone payments at merchants without wallets or internet. | 2014 | Bengaluru, Karnataka, India | – | USD 103.98 K | 10 | |
Investment in Indian startups across technology and fintech sectors. | 2012 | Mumbai, Maharashtra, India | – | – | – | |
Fintech platform offering AEPS, Micro ATM, recharge, and money transfer services. | 2021 | Delhi, Delhi, India | – | USD 4.61 M | 292 |
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Related news about Mpower Softcomm
Complete news archive for MPower Softcomm
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Frequently Asked Questions about MPower Softcomm
MPower Softcomm was founded in 2013.
MPower Softcomm is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
MPower Softcomm has 9 employees.
The primary company behind MPower Softcomm, Mpower Softcomm Private Limited, reported revenue of ₹5.5 Lakh for FY 2023, down 93% year on year.
MPower Softcomm, established in 2013 and currently in Dissolved stage, focuses on offering financial products and advice, fintech, facilitating payment transactions, and mobile solutions. Provides innovative mobile payment solutions and technologies for secure transactions. Adapting to market demands with innovation and client-focused strategies.
MPower Softcomm operates through Mpower Softcomm Private Limited.
The legal entities of MPower Softcomm currently have 2 directors, including Shalini Panhotra, Mukesh Panhotra.