About Paynguin
Paynguin was a Financial Services company based in Hyderabad (India) founded in 2013 by Ramesh Thimmana. It provides white-labeled payment solutions tailored for banks. It operates on a B2B model. Its chief executive, as recorded, is Ramesh Thimmana. Its Indian entity H2 Micro Wallet Technologies Private Limited reported revenue of ₹21.5 Lakh. The company is recorded as dissolved. Its focus areas include FinTech, Payment Processing and White-Labeled Solutions. Its competitors include Infibeam Avenues, Wibmo and Mylapay; 2 of its 3 listed competitors have raised funding.
Company details
Paynguin operates with a B2B model, focusing on offering financial products and advice, innovating financial technology, processing payments securely, and white-labeled solutions. Provides white-labeled payment solutions tailored for banks. It emphasizes efficiency, client-focused solutions, and growth, fostering partnerships and innovation in its operations.
- Headquarters Hyderabad, India
- Founders Ramesh Thimmana
- SectorsFinancial Services
- Website paynguin.com
- Legal Name H2 Micro Wallet Technologies Private Limited
- Date of Incorporation 26 Mar, 2013
- Jurisdiction Hyderabad, Telangana, India
- Annual Revenue₹21.5 Lakh
FY 2024 · +233% YoY
- Net Profit₹4.8 Lakh
FY 2024 · 23% margin
- EBITDA₹4.8 Lakh
FY 2024 · 23% margin
Associated legal entities of Paynguin
Paynguin operates through H2 Micro Wallet Technologies 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 |
|---|---|---|---|---|---|---|---|
| H2 Micro Wallet Technologies Private Limited CIN U72900TG2013PTC086619 | Active | 26 Mar 2013 | Hyderabad, Telangana | ₹0.2 Cr | 2 | View details |
Board of directors of H2 Micro Wallet Technologies Private Limited (Paynguin)
H2 Micro Wallet Technologies Private Limited is the primary company behind Paynguin. The board of H2 Micro Wallet Technologies Private Limited currently have 2 directors; the longest-serving is Naveen Patibandla, appointed in 2013.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Naveen Patibandla DIN 06515779 | Director | 26 Mar 2013 | 13 yrs 6 mo | H2 Micro Wallet Technologies Private Limited |
| Ramesh Babu Thimmana DIN 06515793 | Director | 26 Mar 2013 | 13 yrs 6 mo | H2 Micro Wallet Technologies Private Limited |
People of Paynguin
1 people are tracked at Paynguin (1 in leadership).
| Name | Role | Group |
|---|---|---|
| Founder, CEO | Leadership |
Complete people profiles for Paynguin
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
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Verified entity values are shown only after access is granted.
Financials of Paynguin
Figures of H2 Micro Wallet Technologies Private Limited, the primary company behind Paynguin, for FY 2024. Revenue was ₹21.5 Lakh (+233% year on year). Net profit was ₹4.8 Lakh (23% margin). EBITDA was ₹4.8 Lakh (23% margin). Revenue has grown at a compounded annual rate of +183% over three years.
- ₹21.5 LakhRevenue · FY 2024 · +233% YoY
- ₹4.8 LakhNet profit · 23% margin
- ₹4.8 LakhEBITDA · 23% margin
- ₹1 LakhPaid-up capital
- +183%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of H2 Micro Wallet Technologies Private Limited are on its company page.
Detailed financial statements for Paynguin
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.
Competitors of Paynguin
Paynguin has 3 listed competitors in our database, 2 of them funded. They include Infibeam Avenues, Wibmo and Mylapay.
| 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. | ||
| wibmo.co | 1999 | Bengaluru, India | $2.58M | 588 | Digital payment solutions are provided to banks, merchants, and consumers. | |
| mylapay.com | 2019 | Chennai, India | $736,972 | 67 | Provider of payment processing and risk management solutions |
Detailed competitors of Paynguin
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
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Top companies in Payments & Remittance Platforms
3 companies that operate in the same segment as Paynguin (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 Paynguin
Paynguin was founded in 2013.
Paynguin is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Ramesh Thimmana is the CEO of Paynguin, as recorded in our data. They have also founded this company.
The primary company behind Paynguin, H2 Micro Wallet Technologies Private Limited, reported revenue of ₹21.5 Lakh for FY 2024, up 233% year on year.
Paynguin operates with a B2B model, focusing on offering financial products and advice, innovating financial technology, processing payments securely, and white-labeled solutions. Provides white-labeled payment solutions tailored for banks. It emphasizes efficiency, client-focused solutions, and growth, fostering partnerships and innovation in its operations.
Paynguin's top competitors include Infibeam Avenues, Wibmo and Mylapay.
Paynguin operates through H2 Micro Wallet Technologies Private Limited.
The legal entities of Paynguin currently have 2 directors, including Naveen Patibandla, Ramesh Babu Thimmana.