About SpiritusPay
SpiritusPay is a Financial Services company based in Mumbai (India). It provides platform for merchants to handle digital payments, money transfers, and utility services. It operates on a B2B and Marketplace model. The company has 2 employees. Its Indian entity Spiritus Payments Private Limited reported revenue of ₹3.40 Cr. SpiritusPay offers products and services including Digital Payment Services, Domestic Money Transfer, Utility Payment Services, Aadhaar Enabled Services, and Travel Services. Its focus areas include FinTech, Payment Solutions, Digital Payments and Assisted Services. Its competitors include Dvara KGFS, Pay Point India and Kaleidofin; 3 of its 3 listed competitors have raised funding.
Company details
SpiritusPay is an all-in-one assisted services model by Evolute Group, enabling merchants to offer digital payments, domestic money transfers, utility bill payments, Aadhaar services, and travel bookings. It simplifies financial operations through an integrated platform, helping businesses of all sizes grow in the digital economy. Based in Mumbai, India, it connects merchants and consumers to facilitate seamless transactions and services.
- Headquarters Mumbai, India
- Employees 2
- SectorsFinancial Services
- Email••••••••
- Website spirituspay.com
- Social X
- Legal Name Spiritus Payments Private Limited
- Date of Incorporation 09 Jan, 2014
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹3.40 Cr
FY 2024 · +511% YoY
- Net Profit₹47.3 Lakh
FY 2024 · 14% margin
- EBITDA₹46.1 Lakh
FY 2024 · 14% margin
- Employee Count2
Associated legal entities of SpiritusPay
SpiritusPay operates through Spiritus Payments 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 |
|---|---|---|---|---|---|---|---|
| Spiritus Payments Private Limited CIN U93000MH2014PTC251907 | Active | 09 Jan 2014 | Mumbai, Maharashtra | ₹3.4 Cr | 2 | 2 | View details |
Products & Services of SpiritusPay
SpiritusPay offers a comprehensive portfolio of products and services, including Digital Payment Services, Domestic Money Transfer, Utility Payment Services, Aadhaar Enabled Services, and Travel Services.
Enables merchants to process payments via POS and mobile systems.
Facilitates easy money deposits and withdrawals for users.
Allows payment of various utility bills and recharges.
Provides Aadhaar-based payment and verification options.
Offers air ticketing, bus bookings, and hotel reservations.
Board of directors of Spiritus Payments Private Limited (SpiritusPay)
Spiritus Payments Private Limited is the primary company behind SpiritusPay. The board of Spiritus Payments Private Limited currently have 2 directors; the longest-serving is Parag Kirit Mehta, appointed in 2014. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Parag Kirit Mehta DIN 00090383 | Director | 09 Jan 2014 | 12 yrs 10 mo | Spiritus Payments Private Limited |
| Paras Kirit Mehta DIN 00090494 | Director | 08 Oct 2015 | 11 yrs 1 mo | Spiritus Payments Private Limited |
Financials of SpiritusPay
Figures of Spiritus Payments Private Limited, the primary company behind SpiritusPay, for FY 2024. Revenue was ₹3.40 Cr (+511% year on year). Net profit was ₹47.3 Lakh (14% margin). EBITDA was ₹46.1 Lakh (14% margin). Revenue has grown at a compounded annual rate of +35% over three years and +62% over five years.
- ₹3.40 CrRevenue · FY 2024 · +511% YoY
- ₹47.3 LakhNet profit · 14% margin
- ₹46.1 LakhEBITDA · 14% margin
- ₹1 LakhPaid-up capital
- 2Employees (provident fund records)
- +35%Revenue CAGR, 3 years
- +62%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Spiritus Payments Private Limited are on its company page.
Detailed financial statements for SpiritusPay
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 SpiritusPay
SpiritusPay has 3 listed competitors in our database, 3 of them funded. They include Dvara KGFS, Pay Point India and Kaleidofin.
| 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. | |
| paypointindia.com | 2007 | Mumbai, India | $7.74M | 346 | Digital financial and retail services are provided via agent networks. | |
| kaleidofin.com | 2017 | Chennai, India | $47.39M | 141 | Provider of financial technology solutions for inclusive lending |
Detailed competitors of SpiritusPay
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- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
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Frequently Asked Questions about SpiritusPay
SpiritusPay is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
SpiritusPay has 2 employees.
The primary company behind SpiritusPay, Spiritus Payments Private Limited, reported revenue of ₹3.40 Cr for FY 2024, up 511% year on year.
SpiritusPay is an all-in-one assisted services model by Evolute Group, enabling merchants to offer digital payments, domestic money transfers, utility bill payments, Aadhaar services, and travel bookings. It simplifies financial operations through an integrated platform, helping businesses of all sizes grow in the digital economy. Based in Mumbai, India, it connects merchants and consumers to facilitate seamless transactions and services.
SpiritusPay's top competitors include Pay Point India, Kaleidofin and Dvara KGFS.
SpiritusPay offers Digital Payment Services, Domestic Money Transfer, Utility Payment Services, Aadhaar Enabled Services, and Travel Services.
SpiritusPay operates through Spiritus Payments Private Limited.
The legal entities of SpiritusPay currently have 2 directors, including Parag Kirit Mehta, Paras Kirit Mehta.