About SBI Payment Services
SBI Payment Services is a Financial Services company based in Mumbai (India) founded in 2019. Payment processing solutions are offered to merchants and businesses. SBI Payment Services has raised $218.26 million across 1 funding round from investors including Hitachi Payment Services. The company has 337 employees. SBI Payment Services was last valued at $838.11 million in January 2019. Its chief executive, as recorded, is Girikumar M Nair. Its website sbipayments.com draws about 47 thousand monthly visits. Its Indian entity Sbi Payment Services Private Limited reported revenue of ₹2,236 Cr. Its focus areas include FinTech, Payments, Business Payments and Diversified. Its competitors include Razorpay, Mintoak and Pine Labs; 3 of its 3 listed competitors have raised funding.
Company details
SBI Payment Services was established in 2019 and is headquartered in Mumbai, India. Operations focus on the fintech sector, where payment processing solutions are provided to merchants and businesses. Services include POS terminals, QR-based payment options, NFC-enabled systems, and toll-based payments. Transactions are supported via credit and debit cards, digital wallets, and additional methods.
- Headquarters Mumbai, India
- Employees 337
- Stage Soonicorn
- SectorsFinancial Services
- Website category Finance · Banking Credit and Lending
- Phone•••• ••••
- Website sbipayments.com
- Social LinkedIn Facebook
- Legal Name Sbi Payment Services Private Limited
- Date of Incorporation 12 Feb, 2010
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹2,236 Cr
FY 2025 · +47% YoY
- Net Profit₹139 Cr
FY 2025 · 6% margin
- EBITDA₹253 Cr
FY 2025 · 12% margin
- Total Equity Funding$218.26M (USD)
in 1 rounds
- Latest Funding Round$218.26M (USD), Series D
Jan 2019
- Investors
- Employee Count337
Associated legal entities of SBI Payment Services
SBI Payment Services operates through Sbi Payment Services 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 |
|---|---|---|---|---|---|---|---|
| Sbi Payment Services Private Limited CIN U67100MH2010PTC200030 | Active | 12 Feb 2010 | Mumbai, Maharashtra | ₹2,236 Cr | 264 | 11 | View details |
Funding Insights of SBI Payment Services
SBI Payment Services has successfully raised a total of $218.26M through 1 strategic funding round. The most recent funding activity was a Series D round of $218.26 million completed in January 2019. 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 $218.26M
- Total Rounds 1
- Last Round Series D — $218.26M
- First Round $218.26M
(Jan 2019)
- Investors Count 1
All 1 funding rounds of SBI Payment Services 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 2019 | $218.26M | Series D | $838.11M | Hitachi Payment Services | – |
| Date | Valuation | Stage |
|---|---|---|
| Jan 2019 | $838.11M | •••••••• |
Last known valuation $838.11M (Jan 2019). 1 investors in total: 1 institutional.
Investors in SBI Payment Services
SBI Payment Services has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Hitachi Payment Services.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
POS payment processing and white-label ATM solutions are provided. | 2008 | hitachi-payments.com | Mumbai, India |
Investor details for SBI Payment Services
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Board of directors of Sbi Payment Services Private Limited (SBI Payment Services)
Sbi Payment Services Private Limited is the primary company behind SBI Payment Services. The board of Sbi Payment Services Private Limited currently have 10 directors; the longest-serving is Sumil Chandrakant Vikamsey, appointed in 2019. 33 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sumil Chandrakant Vikamsey DIN 08323257 | Nominee Director | 19 Jan 2019 | 7 yrs 9 mo | Sbi Payment Services Private Limited |
| Nitin Chugh DIN 01884659 | Nominee Director | 10 Jun 2022 | 4 yrs 5 mo | Sbi Payment Services Private Limited |
| Sanjay Dattatraya Panse DIN 02725875 | Director | 16 Jan 2023 | 3 yrs 9 mo | Sbi Payment Services Private Limited |
| Anuj Khosla DIN 10093053 | Nominee Director | 17 May 2023 | 3 yrs 5 mo | Sbi Payment Services Private Limited |
| Ganesh Natarajan DIN 00176393 | Director | 11 Jul 2023 | 3 yrs 4 mo | Sbi Payment Services Private Limited |
| Ashwini Kumar Tewari DIN 08797991 | Nominee Director | 11 Jan 2024 | 2 yrs 10 mo | Sbi Payment Services Private Limited |
| Sharad Sharma DIN 05160057 | Director | 20 Jan 2024 | 2 yrs 9 mo | Sbi Payment Services Private Limited |
| Sujay Kumar Yadav DIN 10590381 | Managing Director | 20 Apr 2024 | 2 yrs 6 mo | Sbi Payment Services Private Limited |
| Mittal Himat Bhanushali DIN 07750019 | Company Secretary | 30 Jan 2025 | 1 yr 9 mo | Sbi Payment Services Private Limited |
| Atul Srivastava DIN 11294007 | Nominee Director | 01 Oct 2025 | 1 yr 1 mo | Sbi Payment Services Private Limited |
People of SBI Payment Services
20 people are tracked at SBI Payment Services (12 in leadership, 8 in team); the tracked headcount is 337.
| Name | Role | Group |
|---|---|---|
Girikumar M Nair | CEO & MD | Leadership |
| Executive Director | Leadership | |
Sajal Bhattacharjee | Circle Sales Head | Leadership |
Saurabh Gupta | Circle Head - Sales | Leadership |
Ravi Singh | Chief Technology Officer | Leadership |
Ajay Achuthankutty | Vice President (information Technology & Special Projects) | Leadership |
Nikhil Verma | Deputy Vice President | Leadership |
Tarun Singh | Chief Operating Officer (coo) | Leadership |
Abhay Kumar Agrawal | Circle Sales Head | Leadership |
Arindam Majumdar | Vice President | Leadership |
Sanjay Panthari | Deputy Vice President | Leadership |
Amit Kumar Singh | Assistant Vice President | Leadership |
Sony Gupta | Senior Human Resources Manager | Team |
Ankit Chhipa | Senior Manager | Team |
Alpana Yadav | Senior Executive Vendor Management & Procurement | Team |
John Mathew | Zonal Sales Manager | Team |
Jayesh Dubey | Product Manager | Team |
Neha Ambekar | Senior Manager | Team |
Dilpreet Singh | Sr. Sales Manager Corporate | Team |
Rahil Kotadia | Marketing Communications Manager | Team |
Complete people profiles for SBI Payment Services
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Financials of SBI Payment Services
Figures of Sbi Payment Services Private Limited, the primary company behind SBI Payment Services, for FY 2025. Revenue was ₹2,236 Cr (+47% year on year). Net profit was ₹139 Cr (6% margin). EBITDA was ₹253 Cr (12% margin). Revenue has grown at a compounded annual rate of +25% over three years and +11% over five years.
- ₹2,236 CrRevenue · FY 2025 · +47% YoY
- ₹139 CrNet profit · 6% margin
- ₹253 CrEBITDA · 12% margin
- ₹6.08 CrPaid-up capital
- 264Employees (provident fund records)
- +25%Revenue CAGR, 3 years
- +11%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Sbi Payment Services Private Limited are on its company page.
Detailed financial statements for SBI Payment Services
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of SBI Payment Services
3 dated milestones of SBI Payment Services, from founding to its latest funding, stage changes and deals.
- Founded SBI Payment Services is founded.
- Funding First funding round of $218.3M.
- Milestone Reaches Soonicorn status.
Competitors of SBI Payment Services
SBI Payment Services has 3 listed competitors 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 competitors of SBI Payment Services
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Web traffic of SBI Payment Services
The website of SBI Payment Services (sbipayments.com) receives about 47.2K visits a month and ranks #824,068 among all websites worldwide, #9,550 in Banking Credit and Lending.
- Monthly visits47.2K
▲ 28.5% vs previous month
- Unique visitors19.6K
per month
- Global rank#824,068
among all websites
- Category rank#9,550
Finance · Banking Credit and Lending
- Bounce rate59%
- Pages per visit2.0
- Average visit1 min 09 sec
- DevicesDesktop 26% · Mobile 74%
Websites whose visitors overlap most with SBI Payment Services. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| yonobusiness.sbi | 100% | 840.3K | #62,315 | View details | |
| sbi.co.in | 94% | 1.5M | #42,736 | View details | |
bankindia.org | bankindia.org | 91% | #5,810,498 | – | |
| npci.org.in | 88% | 10.1M | #5,074 | View details | |
| sbicard.com | 88% | 13.6M | #4,327 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 6 similar websites and full traffic analytics for SBI Payment Services
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- 6 similar websites
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Top companies in Payments & Remittance Platforms
3 companies that operate in the same segment as SBI Payment Services (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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Related news about Sbi Payment Services
Complete news archive for SBI Payment Services
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Frequently Asked Questions about SBI Payment Services
SBI Payment Services was founded in 2019.
SBI Payment Services is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Girikumar M Nair is the CEO of SBI Payment Services, as recorded in our data.
SBI Payment Services is a funded company, having raised a total of $218.26M across 1 funding round to date. The company's 1st funding round was a Series D of $218.26M, raised on Jan 2019.
SBI Payment Services has 337 employees.
The primary company behind SBI Payment Services, Sbi Payment Services Private Limited, reported revenue of ₹2,236 Cr for FY 2025, up 47% year on year.
SBI Payment Services was established in 2019 and is headquartered in Mumbai, India. Operations focus on the fintech sector, where payment processing solutions are provided to merchants and businesses. Services include POS terminals, QR-based payment options, NFC-enabled systems, and toll-based payments. Transactions are supported via credit and debit cards, digital wallets, and additional methods.
SBI Payment Services has 1 investor. Key investors include Hitachi Payment Services.
The valuation of SBI Payment Services is $838.11M as of Jan 2019.
SBI Payment Services operates through Sbi Payment Services Private Limited.
The legal entities of SBI Payment Services currently have 11 directors, including Sumil Chandrakant Vikamsey, Nitin Chugh, Sanjay Dattatraya Panse and others.