About MRL Posnet
MRL Posnet is a Financial Services company based in Chennai (India) founded in 2008 by Rajesh Kothapalli and Ravi Kumar Kothapalli, and was acquired by Worldline Global in October 2017. Merchant acquiring solutions are offered to businesses and merchants. The company has 141 employees. Its Indian entity M.R.L Posnet Private Limited reported revenue of ₹46.05 Cr. Its focus areas include FinTech, Payments, Enablers and White Label Solutions. Its competitors include Infibeam Avenues, Mylapay and CredoPay; 2 of its 3 listed competitors have raised funding.
Company details
MRL Posnet was founded in 2008 in Chennai, India, and operates in the fintech sector focused on payment processing. Merchant acquiring solutions are provided, encompassing POS network management, mPoS gateway integration, data encryption, and transaction oversight. Additional services include MRL Analytica for transaction monitoring and MRL 360 as a platform for reconciliation and settlement, supporting operations primarily in India.
- Headquarters Chennai, India
- Employees 141
- Founders Rajesh Kothapalli, Ravi Kumar Kothapalli
- Stage Acquired
- SectorsFinancial Services
- Phone•••• ••••
- Website mrlposnet.com
- Social LinkedIn
- Acquired by Worldline Global (Oct 2017)
- Legal Name M.R.L Posnet Private Limited
- Date of Incorporation 09 Apr, 2008
- Jurisdiction Chennai, Tamil Nadu, India
- Annual Revenue₹46.05 Cr
FY 2024 · -4% YoY
- Net Profit₹3.35 Cr
FY 2024 · 7% margin
- EBITDA₹7.61 Cr
FY 2024 · 17% margin
- Investors
- Employee Count141
- Acquired byWorldline Global
(Oct 2017)
Associated legal entities of MRL Posnet
MRL Posnet operates through M.R.L Posnet 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 |
|---|---|---|---|---|---|---|---|
| M.R.L Posnet Private Limited CIN U45200TN2008PTC067275 | Active | 09 Apr 2008 | Chennai, Tamil Nadu | ₹46.0 Cr | 141 | 4 | View details |
Investors in MRL Posnet
MRL Posnet has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Worldline Global.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Payment solutions for businesses are provided by Worldline Global. | 1970 | worldline.com | Bezons, France |
Investor details for MRL Posnet
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of M.R.L Posnet Private Limited (MRL Posnet)
M.R.L Posnet Private Limited is the primary company behind MRL Posnet. The board of M.R.L Posnet Private Limited currently have 3 directors; the longest-serving is Deepak Chandnani, appointed in 2022. 17 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Deepak Chandnani DIN 01033709 | Director | 01 Apr 2022 | 4 yrs 6 mo | M.R.L Posnet Private Limited |
| Ramesh Narasimhan DIN 08540135 | Director | 01 Apr 2022 | 4 yrs 6 mo | M.R.L Posnet Private Limited |
| Yogesh Shivnath Sawant DIN 08620542 | Director | 20 Sep 2024 | 2 yrs 1 mo | M.R.L Posnet Private Limited |
People of MRL Posnet
2 people are tracked at MRL Posnet (2 in leadership); the tracked headcount is 141.
| Name | Role | Group |
|---|---|---|
Rajesh Kothapalli | Co-Founder | Leadership |
Ravi Kumar Kothapalli | Co-Founder | Leadership |
Complete people profiles for MRL Posnet
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 MRL Posnet
Figures of M.R.L Posnet Private Limited, the primary company behind MRL Posnet, for FY 2024. Revenue was ₹46.05 Cr (-4% year on year). Net profit was ₹3.35 Cr (7% margin). EBITDA was ₹7.61 Cr (17% margin). Revenue has grown at a compounded annual rate of -11% over three years and -19% over five years.
- ₹46.05 CrRevenue · FY 2024 · -4% YoY
- ₹3.35 CrNet profit · 7% margin
- ₹7.61 CrEBITDA · 17% margin
- ₹23.90 CrPaid-up capital
- 141Employees (provident fund records)
- -11%Revenue CAGR, 3 years
- -19%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of M.R.L Posnet Private Limited are on its company page.
Detailed financial statements for MRL Posnet
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.
Timeline of MRL Posnet
2 dated milestones of MRL Posnet across 9 years, from founding to its latest funding, stage changes and deals.
- Founded MRL Posnet is founded.
- Exit Acquired by Worldline Global.
Competitors of MRL Posnet
MRL Posnet has 3 listed competitors in our database, 2 of them funded. They include Infibeam Avenues, Mylapay and CredoPay.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| ia.ooo | 2007 | Gandhinagar, India | 642 | Digital payment solutions and enterprise software platforms are provided. | ||
| mylapay.com | 2019 | Chennai, India | $736,972 | 67 | Provider of payment processing and risk management solutions | |
| credopay.com | 2014 | Chennai, India | $10.24M | 124 | Merchant acquirer payment processing solutions for businesses |
Detailed competitors of MRL Posnet
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.
Top companies in Payments & Remittance Platforms
3 companies that operate in the same segment as MRL Posnet (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 |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Mrl Posnet
Complete news archive for MRL Posnet
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about MRL Posnet
MRL Posnet was founded in 2008.
MRL Posnet is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
MRL Posnet has 141 employees.
The primary company behind MRL Posnet, M.R.L Posnet Private Limited, reported revenue of ₹46.05 Cr for FY 2024, down 4% year on year.
MRL Posnet was founded in 2008 in Chennai, India, and operates in the fintech sector focused on payment processing. Merchant acquiring solutions are provided, encompassing POS network management, mPoS gateway integration, data encryption, and transaction oversight. Additional services include MRL Analytica for transaction monitoring and MRL 360 as a platform for reconciliation and settlement, supporting operations primarily in India.
MRL Posnet's top competitors include Infibeam Avenues, CredoPay and Mylapay.
MRL Posnet has 1 investor. Key investors include Worldline Global.
MRL Posnet operates through M.R.L Posnet Private Limited.
Yes. MRL Posnet was acquired by Worldline Global in October 2017.
The legal entities of MRL Posnet currently have 4 directors, including Deepak Chandnani, Ramesh Narasimhan, Jyoti Prakash Raorane and others.