About NextGen Telesolutions
NextGen Telesolutions is a Financial Services company based in Noida (India) founded in 2009 by Rajat Kakkar. Digital payment solutions for retail industries are provided. Its Indian entity Nextgen Telesolutions Private Limited reported revenue of ₹2.01 Cr. NextGen Telesolutions offers products and services including Secure Banking on Feature Phones, TapNPay, NFC Readers, and Smart Ticketing. Its focus areas include FinTech, Payments, Business Payments and Diversified. Similar companies include Razorpay, Mintoak and Pine Labs; 3 of its 3 listed similar companies have raised funding.
Company details
NextGen Telesolutions is a provider of digital payment solutions for retail industries. The solution developed around retailing and integrating mobile technology as a technology platform. Its product offerings include Future POS(provides contactless payments solution using NFC enabled mobile phones), TapNPay on Any Mobile Phone(provides contactless payments with secure microSD card and EMV certified with an inbuilt NFC module), Merchant POS mPOS Solutions(provides multiple payment services built into a single terminal), and Mobile Couponing(loyalty application for retailers).
- Headquarters Noida, India
- Founders Rajat Kakkar
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website nextgentele.in
- Social LinkedIn X Facebook
- Legal Name Nextgen Telesolutions Private Limited
- Date of Incorporation 17 Apr, 2009
- Jurisdiction New Delhi, Delhi, India
- Annual Revenue₹2.01 Cr
FY 2023 · -52% YoY
- Net Loss-₹1.09 Cr
FY 2023 · -54% margin
- EBITDA-₹67.7 Lakh
FY 2023 · -34% margin
Associated legal entities of NextGen Telesolutions
NextGen Telesolutions operates through Nextgen Telesolutions 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 |
|---|---|---|---|---|---|---|---|
| Nextgen Telesolutions Private Limited CIN U64204DL2009PTC189456 | Active | 17 Apr 2009 | New Delhi, Delhi | ₹2.0 Cr | 3 | View details |
Products & Services of NextGen Telesolutions
NextGen Telesolutions offers a comprehensive portfolio of products and services, including Secure Banking on Feature Phones, TapNPay, NFC Readers, and Smart Ticketing.
Enables secure transactions on basic feature phones for banking services.
Facilitates contactless payments on any mobile phone for retail.
Supports transit and retail payments through contactless technology.
Manages ticketing and access for smart city applications securely.
Board of directors of Nextgen Telesolutions Private Limited (NextGen Telesolutions)
Nextgen Telesolutions Private Limited is the primary company behind NextGen Telesolutions. The board of Nextgen Telesolutions Private Limited currently have 3 directors; the longest-serving is Taron Mohan, appointed in 2009. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Taron Mohan DIN 00287869 | Director | 17 Apr 2009 | 17 yrs 6 mo | Nextgen Telesolutions Private Limited |
| Sanjay Baweja DIN 00232126 | Director | 01 Aug 2019 | 7 yrs 3 mo | Nextgen Telesolutions Private Limited |
| Rajinder Sharma DIN 00252490 | Director | 02 Aug 2019 | 7 yrs 3 mo | Nextgen Telesolutions Private Limited |
People of NextGen Telesolutions
1 people are tracked at NextGen Telesolutions (1 in leadership).
| Name | Role | Group |
|---|---|---|
Rajat Kakkar | Co-Founder | Leadership |
Complete people profiles for NextGen Telesolutions
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Verified entity values are shown only after access is granted.
Financials of NextGen Telesolutions
Figures of Nextgen Telesolutions Private Limited, the primary company behind NextGen Telesolutions, for FY 2023. Revenue was ₹2.01 Cr (-52% year on year). Net loss was -₹1.09 Cr (-54% margin). EBITDA was -₹67.7 Lakh (-34% margin). Revenue has grown at a compounded annual rate of +9% over three years and +11% over five years.
- ₹2.01 CrRevenue · FY 2023 · -52% YoY
- -₹1.09 CrNet loss · -54% margin
- -₹67.7 LakhEBITDA · -34% margin
- ₹40 LakhPaid-up capital
- +9%Revenue CAGR, 3 years
- +11%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Nextgen Telesolutions Private Limited are on its company page.
Detailed financial statements for NextGen Telesolutions
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 NextGen Telesolutions
NextGen Telesolutions has 3 listed similar companies 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 similar companies of NextGen Telesolutions
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Top companies in Payments & Remittance Platforms
3 companies that operate in the same segment as NextGen Telesolutions (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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Frequently Asked Questions about NextGen Telesolutions
NextGen Telesolutions was founded in 2009.
NextGen Telesolutions is headquartered in Noida, India. It is registered at Noida, Uttar Pradesh, India.
The primary company behind NextGen Telesolutions, Nextgen Telesolutions Private Limited, reported revenue of ₹2.01 Cr for FY 2023, down 52% year on year.
NextGen Telesolutions is a provider of digital payment solutions for retail industries. The solution developed around retailing and integrating mobile technology as a technology platform. Its product offerings include Future POS(provides contactless payments solution using NFC enabled mobile phones), TapNPay on Any Mobile Phone(provides contactless payments with secure microSD card and EMV certified with an inbuilt NFC module), Merchant POS mPOS Solutions(provides multiple payment services built into a single terminal), and Mobile Couponing(loyalty application for retailers).
NextGen Telesolutions offers Secure Banking on Feature Phones, TapNPay, NFC Readers, and Smart Ticketing.
NextGen Telesolutions operates through Nextgen Telesolutions Private Limited.
The legal entities of NextGen Telesolutions currently have 3 directors, including Taron Mohan, Rajinder Sharma, Sanjay Baweja.