About Payzak
Payzak is a Financial Services company based in Chennai (India) founded in 2013 by Lalithbabu Logeshwarrao, Raghavendran Bangarusamy, and Jeganathan Chandrasekaran. It provides a user-friendly app for secure money transfers. It operates on a B2C model. Its focus areas include Payments, Money Transfer and Mobile Applications. Its legal entity in India is Payzak Financial Services Private Limited (U65990TN2016PTC112141). Its competitors include MY Rental, Kiraya Do and Genuine Pay.
Company details
Payzak, led by Lalithbabu Logeshwarrao as ex-Co-Founder, Raghavendran Bangarusamy as Co-Founder, Jeganathan Chandrasekaran as Co-Founder, specializes in offering financial products and advice, facilitating payment transactions, money transfer, and developing user-friendly mobile apps. Provides a user-friendly app for secure money transfers. The team drives innovation, quality service, and sustainable practices to achieve excellence and client satisfaction.
- Headquarters Chennai, India
- Founders Lalithbabu Logeshwarrao, Raghavendran Bangarusamy, Jeganathan Chandrasekaran
- SectorsFinancial Services
- Website payzak.com
- Social Facebook
- Legal Name Payzak Financial Services Private Limited
- Date of Incorporation 24 Aug, 2016
- Jurisdiction Chennai, Tamil Nadu, India
- Net Loss-₹38.2 Lakh
FY 2018 · 0% margin
- EBITDA-₹33 Lakh
FY 2018 · 0% margin
Associated legal entities of Payzak
Payzak operates through Payzak Financial Services Private Limited (strike off). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2018) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Payzak Financial Services Private Limited CIN U65990TN2016PTC112141 | Strike Off | 24 Aug 2016 | Chennai, Tamil Nadu | 2 | View details |
Board of directors of Payzak Financial Services Private Limited (Payzak)
Payzak Financial Services Private Limited is the primary company behind Payzak. The board of Payzak Financial Services Private Limited currently have 2 directors; the longest-serving is Chandrasekaran Jaganathan, appointed in 2016. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Chandrasekaran Jaganathan DIN 05155080 | Director | 24 Aug 2016 | 10 yrs 2 mo | Payzak Financial Services Private Limited |
| Raghavendran Bangarusamy DIN 05155089 | Director | 24 Aug 2016 | 10 yrs 2 mo | Payzak Financial Services Private Limited |
People of Payzak
3 people are tracked at Payzak (3 in leadership).
| Name | Role | Group |
|---|---|---|
| ex-Co-Founder | Leadership | |
| Co-Founder | Leadership | |
Jeganathan Chandrasekaran | Co-Founder | Leadership |
Complete people profiles for Payzak
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 Payzak
Figures of Payzak Financial Services Private Limited, the primary company behind Payzak, for FY 2018. Net loss was -₹38.2 Lakh (0% margin). EBITDA was -₹33 Lakh (0% margin).
- -₹38.2 LakhNet loss · 0% margin
- -₹33 LakhEBITDA · 0% margin
- ₹1 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Payzak Financial Services Private Limited are on its company page.
Detailed financial statements for Payzak
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 Payzak
Payzak has 3 listed competitors in our database. They include MY Rental, Kiraya Do and Genuine Pay.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| myrental.in | 2016 | Bengaluru, India | Provides rent payment solutions tailored for landlords and property owners. | |||
| kirayado.com | 2016 | Hyderabad, India | Facilitates online platform for rental payments, eliminating delays and preparing for re-launch. | |||
| genuinerental.online | 2024 | Hyderabad, India | Provides a digital hub for rent payments and credit card rewards. |
Detailed competitors of Payzak
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 Payzak (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 Payzak
Payzak was founded in 2013.
Payzak is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Payzak, led by Lalithbabu Logeshwarrao as ex-Co-Founder, Raghavendran Bangarusamy as Co-Founder, Jeganathan Chandrasekaran as Co-Founder, specializes in offering financial products and advice, facilitating payment transactions, money transfer, and developing user-friendly mobile apps. Provides a user-friendly app for secure money transfers. The team drives innovation, quality service, and sustainable practices to achieve excellence and client satisfaction.
Payzak's top competitors include Kiraya Do, MY Rental and Genuine Pay.
Payzak operates through Payzak Financial Services Private Limited.
The legal entities of Payzak currently have 2 directors, including Chandrasekaran Jaganathan, Raghavendran Bangarusamy.