About Pay Point India
Pay Point India is a Financial Services company based in Mumbai (India) founded in 2007 by Nilesh Mundada and Ketan Doshi. Digital financial and retail services are provided via agent networks. Pay Point India has raised $7.74 million across 6 funding rounds from investors including Prime Capital Market Ltd, Shriambepunjinivesh and Fernsgroup. The company has 157 employees. Pay Point India was last valued at $8.67 million in February 2016. Its website paypointindia.com draws about 255 thousand monthly visits. Its Indian entity Pay Point India Network Private Limited reported revenue of ₹202 Cr. Pay Point India offers products and services including Digi Kiosk, Micro ATM, and Instant Money Transfer. Its focus areas include FinTech, Payments, Business Payments and Agent Based Payments. Its competitors include Dvara KGFS, Kaleidofin and Spice Money; 3 of its 3 listed competitors have raised funding.
Company details
Pay Point India was established in 2007 in Mumbai, India, within the digital financial services sector. Operations are conducted through an agent network that enables retailers to deliver money transfers, bill payments, mobile recharges, insurance products, travel bookings, and e-commerce options. Kiosk banking and micro ATMAEPS facilities are supported, allowing cash withdrawals. Service expansions are pursued to support retailer earnings and customer accessibility in the Indian market.
- Headquarters Mumbai, India
- Employees 157
- Founders Nilesh Mundada, Ketan Doshi
- Stage Minicorn
- SectorsFinancial Services
- Website category Law and Government · Government
- Email••••••••
- Phone•••• ••••
- Website paypointindia.com
- Social LinkedIn X Facebook Instagram YouTube
- Legal Name Pay Point India Network Private Limited
- Date of Incorporation 16 Sep, 2005
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹202 Cr
FY 2025 · +32% YoY
- Net Profit₹7.72 Cr
FY 2025 · 4% margin
- EBITDA₹15.78 Cr
FY 2025 · 8% margin
- Total Equity Funding$7.74M (USD)
in 6 rounds
- Latest Funding Round$4M (USD), Seed
Jan 2025
- InvestorsPrime Capital Market Ltd.
& 12 more
- Employee Count157
Associated legal entities of Pay Point India
Pay Point India operates through Pay Point India Network 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 |
|---|---|---|---|---|---|---|---|
| Pay Point India Network Private Limited CIN U74999MH2005PTC156130 | Active | 16 Sep 2005 | Mumbai, Maharashtra | ₹202 Cr | 157 | 5 | View details |
Products & Services of Pay Point India
Pay Point India offers a comprehensive portfolio of products and services, including Digi Kiosk, Micro ATM, and Instant Money Transfer.
Platform for managing and growing mini bank branches efficiently.
Device for cash withdrawals from debit and credit cards.
Service for quick money transfers between bank accounts.
Apps and channels of Pay Point India
its YouTube channel PayPoint India has 17.7K subscribers and 30 videos.
Videos from Pay Point India
The most watched videos on Pay Point India's YouTube channel, PayPoint India (17.7K subscribers). Click a video to play it here.
More on PayPoint India.
Funding Insights of Pay Point India
Pay Point India has successfully raised a total of $7.74M across 6 strategic funding rounds. The most recent funding activity was a Seed round of $4 million completed in January 2025. 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 $7.74M
- Total Rounds 6
- Last Round Seed — $4M
- First Round $136,400
(Oct 2007)
- Investors Count 13
All 6 funding rounds of Pay Point India 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 |
|---|---|---|---|---|---|
| Jan 2025 | $4M | Seed | – | Yantra Esolarindia | – |
| Feb 2016 | $789,353 | Seed | $8.67M | Shriambepunjinivesh | |
| Mar 2014 | $2.2M | Seed | $7.52M | Prime Capital Market | |
| Mar 2010 | $175,500 | Seed | – | Usha Agro Products And Properties | – |
| Sep 2009 | $442,200 | Seed | $••••• | Yanik Investment | |
| Oct 2007 | $136,400 | Seed | $••••• | Equest |
| Date | Valuation | Stage |
|---|---|---|
| Feb 2016 | $8.67M | •••••••• |
| Mar 2014 | $7.52M | •••••••• |
| Sep 2009 | $••••• | •••••••• |
Full valuation and stage history of Pay Point India
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
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Last known valuation $8.67M (Feb 2016). 13 investors in total: 11 institutional and 2 angel.
Investors in Pay Point India
Pay Point India has secured backing from 13 investors, including institutional and angel investors. Prominent investors backing the company include Prime Capital Market Ltd, Shriambepunjinivesh and Fernsgroup.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Delivers infrastructure services for gas, water, telecoms, aggregates, and recycling in the UK. | fernsgroup.co.uk | United Kingdom | ||
Provider of physical security services | winwinsecurity.com | Richmond, Canada | ||
Prime Capital Market Ltd. is engaged in financial services. | 1994 | primecapitalmarket.in | Mumbai, India | |
Agricultural products and properties are managed in Mumbai, India. | Mumbai, India | |||
Real estate brokerage services are offered for diversified properties. | Mumbai, India | |||
Business consulting services are provided by Equest to various clients. | Mumbai, India |
Investor details for Pay Point India
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Pay Point India Network Private Limited (Pay Point India)
Pay Point India Network Private Limited is the primary company behind Pay Point India. The board of Pay Point India Network Private Limited currently have 4 directors; the longest-serving is Ketan Chandravadan Doshi, appointed in 2007. 13 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ketan Chandravadan Doshi DIN 01355942 | Managing Director | 20 Mar 2007 | 19 yrs 7 mo | Pay Point India Network Private Limited |
| Pradip Chandrakant Mehta DIN 00027702 | Director | 20 Mar 2007 | 19 yrs 7 mo | Pay Point India Network Private Limited |
| Rajeev Lal DIN 09492221 | Director | 03 Feb 2022 | 4 yrs 9 mo | Pay Point India Network Private Limited |
| Arnav Patel DIN 10123348 | Director | 23 Jan 2024 | 2 yrs 9 mo | Pay Point India Network Private Limited |
People of Pay Point India
38 people are tracked at Pay Point India (15 in leadership, 23 in team); the tracked headcount is 157.
| Name | Role | Group |
|---|---|---|
Nilesh Mundada | Co-Founder | Leadership |
| Co-Founder & Managing Director | Leadership | |
Rizvan Rayeen | Product Head - Digikhata (ppi Wallet With UPI And Card) | Leadership |
Amirul Molla | State Head | Leadership |
Naresh Rathod | Head Operations | Leadership |
Subhro Nath | Business Head - Financial Inclusion | Leadership |
Kalyan Rawat | Regional Head North | Leadership |
Sachin Lokhande | Group CIO & Vice President-information Technology | Leadership |
Chirag Kothari | Finance Head | Leadership |
Shadab Chiste | State Head West UP Central & Uttrakhand | Leadership |
Vijay Kumar Sharma | Cluster Head | Leadership |
Deepak Narula | National Sales Head | Leadership |
Vemluru V S G R Sankar | State Head | Leadership |
Neha Singh Rana | National Head - Business Correspondence | Leadership |
Amit Sharma | Regional Head - North Zone Channel Sales Distribution | Leadership |
M.D. Belal Ahmed | Corporate Sales Manager | Team |
Uvaish Rayeen | Area Sales Manager | Team |
Manoj Punem | Area Sales Manager | Team |
Akhand Pratap Singh | Area Sales Manager | Team |
Aditya Shinde | Assistant Manager - PPI Services | Team |
18 more people are available in the full profile.
Complete people profiles for Pay Point India
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Financials of Pay Point India
Figures of Pay Point India Network Private Limited, the primary company behind Pay Point India, for FY 2025. Revenue was ₹202 Cr (+32% year on year). Net profit was ₹7.72 Cr (4% margin). EBITDA was ₹15.78 Cr (8% margin). Revenue has grown at a compounded annual rate of +21% over three years and +28% over five years.
- ₹202 CrRevenue · FY 2025 · +32% YoY
- ₹7.72 CrNet profit · 4% margin
- ₹15.78 CrEBITDA · 8% margin
- ₹28.54 CrPaid-up capital
- 157Employees (provident fund records)
- +21%Revenue CAGR, 3 years
- +28%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Pay Point India Network Private Limited are on its company page.
Detailed financial statements for Pay Point India
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Pay Point India
4 dated milestones of Pay Point India across 18 years, from founding to its latest funding, stage changes and deals.
- Founded Pay Point India is founded.
- Funding First funding round of $136K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $4.0M.
Competitors of Pay Point India
Pay Point India has 3 listed competitors in our database, 3 of them funded. They include Dvara KGFS, Kaleidofin and Spice Money.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| dvarakgfs.com | 2008 | Chennai, India | $43.71M | 4,134 | Loans for consumers and SMEs are provided alongside financial services. | |
| kaleidofin.com | 2017 | Chennai, India | $47.39M | 141 | Provider of financial technology solutions for inclusive lending | |
| spicemoney.com | 2000 | Noida, India | $15.42M | 1,164 | Digital payment and banking service provider in rural areas |
Detailed competitors of Pay Point India
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Verified entity values are shown only after access is granted.
Web traffic of Pay Point India
The website of Pay Point India (paypointindia.com) receives about 254.8K visits a month and ranks #269,844 among all websites worldwide, #8,942 in Government.
- Monthly visits254.8K
▲ 4.1% vs previous month
- Unique visitors34.3K
per month
- Global rank#269,844
among all websites
- Category rank#8,942
Law and Government · Government
- Bounce rate86%
- Pages per visit1.4
- Average visit1 min 09 sec
- DevicesDesktop 77% · Mobile 23%
Websites whose visitors overlap most with Pay Point India. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
digitalindiaportal.co.in | digitalindiaportal.co.in | 100% | #46,435 | – | |
epfindia.gov.in | epfindia.gov.in | 96% | #946 | – | |
| sbiepay.sbi | 94% | #8,341 | View details | ||
| samagra.gov.in | 91% | View details | |||
upbhulekh.gov.in | upbhulekh.gov.in | 90% | #29,060 | – | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Pay Point India
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Related news about Pay Point India
Complete news archive for Pay Point India
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Frequently Asked Questions about Pay Point India
Pay Point India was founded in 2007.
Pay Point India is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Pay Point India is a funded company, having raised a total of $7.74M across 6 funding rounds to date. The company's 1st funding round was a Seed of $136.4K, raised on Oct 2007.
Pay Point India has 157 employees.
The primary company behind Pay Point India, Pay Point India Network Private Limited, reported revenue of ₹202 Cr for FY 2025, up 32% year on year.
Pay Point India was established in 2007 in Mumbai, India, within the digital financial services sector. Operations are conducted through an agent network that enables retailers to deliver money transfers, bill payments, mobile recharges, insurance products, travel bookings, and e-commerce options. Kiosk banking and micro ATMAEPS facilities are supported, allowing cash withdrawals. Service expansions are pursued to support retailer earnings and customer accessibility in the Indian market.
Pay Point India's top competitors include Spice Money, Kaleidofin and Dvara KGFS.
Pay Point India offers Digi Kiosk, Micro ATM, and Instant Money Transfer.
Pay Point India has 13 investors. Key investors include Prime Capital Market Ltd, Shriambepunjinivesh, Fernsgroup, Win Win Security, and Sajit Suvarna.
The valuation of Pay Point India is $8.67M as of Feb 2016.
Pay Point India operates through Pay Point India Network Private Limited.
The legal entities of Pay Point India currently have 5 directors, including Ketan Chandravadan Doshi, Pradip Chandrakant Mehta, Renu Jain and others.