About TheSmartShop
TheSmartShop is a Financial Services company based in Chennai (India) founded in 2014 by Palaniyapan RM. It operates a digital platform for correspondent banking services, facilitating secure financial transactions. It operates on a B2B model. The company has 17 employees. Its Indian entity Hermes I Tickets Private Limited reported revenue of ₹37.49 Cr. Its focus areas include Finance, Banking, Digital Banking and Correspondent Services. Its competitors include Dvara KGFS, Pay Point India and Kaleidofin; 3 of its 3 listed competitors have raised funding.
Company details
TheSmartShop operates a digital platform for correspondent banking services, facilitating secure financial transactions, focusing on finance, banking, digital banking, and correspondent services. It serves clients with dedicated solutions, emphasizing quality, innovation, and sustainable growth in its core markets. It continues to evolve, meeting industry challenges with strategic approaches.
- Headquarters Chennai, India
- Employees 17
- Founders Palaniyapan RM
- SectorsFinancial Services
- Website thesmartshop.in
- Social X
- Legal Name Hermes I Tickets Private Limited
- Date of Incorporation 24 Jul, 2006
- Jurisdiction Chennai, Tamil Nadu, India
- Annual Revenue₹37.49 Cr
FY 2022 · -50% YoY
- Net Loss-₹32.61 Cr
FY 2022 · -74% margin
- EBITDA-₹29.94 Cr
FY 2022 · -68% margin
- Employee Count17
Associated legal entities of TheSmartShop
TheSmartShop operates through Hermes I Tickets Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2022) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Hermes I Tickets Private Limited CIN U63040TN2006PTC082562 | Active | 24 Jul 2006 | Chennai, Tamil Nadu | ₹37.5 Cr | 17 | 3 | View details |
Board of directors of Hermes I Tickets Private Limited (TheSmartShop)
Hermes I Tickets Private Limited is the primary company behind TheSmartShop. The board of Hermes I Tickets Private Limited currently have 3 directors; the longest-serving is Manojkumar Sahu, appointed in 2016. 12 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Manojkumar Sahu DIN 07403048 | Director | 04 Feb 2016 | 10 yrs 8 mo | Hermes I Tickets Private Limited |
| Gowtham Ramachandran DIN 10512796 | Additional Director | 22 Feb 2024 | 2 yrs 8 mo | Hermes I Tickets Private Limited |
| Thivyadoss Vijay Fredrick DIN 05328132 | Additional Director | 22 Feb 2024 | 2 yrs 8 mo | Hermes I Tickets Private Limited |
People of TheSmartShop
1 people are tracked at TheSmartShop (1 in leadership); the tracked headcount is 17.
| Name | Role | Group |
|---|---|---|
Palaniyapan RM | Founder | Leadership |
Complete people profiles for TheSmartShop
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Financials of TheSmartShop
Figures of Hermes I Tickets Private Limited, the primary company behind TheSmartShop, for FY 2022. Revenue was ₹37.49 Cr (-50% year on year). Net loss was -₹32.61 Cr (-74% margin). EBITDA was -₹29.94 Cr (-68% margin). Revenue has grown at a compounded annual rate of -45% over three years and -28% over five years.
- ₹37.49 CrRevenue · FY 2022 · -50% YoY
- -₹32.61 CrNet loss · -74% margin
- -₹29.94 CrEBITDA · -68% margin
- ₹7.8 LakhPaid-up capital
- 17Employees (provident fund records)
- -45%Revenue CAGR, 3 years
- -28%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Hermes I Tickets Private Limited are on its company page.
Detailed financial statements for TheSmartShop
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Competitors of TheSmartShop
TheSmartShop 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 TheSmartShop
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Web traffic of TheSmartShop
The website of TheSmartShop (thesmartshop.in) receives about 1.4K visits a month.
- Monthly visits1.4K
▲ 10.5% vs previous month
Top companies in Cloud Banking
3 companies that operate in the same segment as TheSmartShop (Cloud Banking) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Offers IT consulting, software development, cloud services, and security solutions. | 2001 | Gurugram, Haryana, India | USD 25.43 M | 786 | ||
Offers app-based correspondent banking services for users. | 2015 | Mumbai, Maharashtra, India | USD 1.72 M | 44 | ||
Offers digital transformation, cloud development, QA automation, and consulting services. | 2008 | Hyderabad, Telangana, India | USD 8.14 M | 324 |
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Related news about Thesmartshop
Complete news archive for TheSmartShop
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Frequently Asked Questions about TheSmartShop
TheSmartShop was founded in 2014.
TheSmartShop is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
TheSmartShop has 17 employees.
The primary company behind TheSmartShop, Hermes I Tickets Private Limited, reported revenue of ₹37.49 Cr for FY 2022, down 50% year on year.
TheSmartShop operates a digital platform for correspondent banking services, facilitating secure financial transactions, focusing on finance, banking, digital banking, and correspondent services. It serves clients with dedicated solutions, emphasizing quality, innovation, and sustainable growth in its core markets. It continues to evolve, meeting industry challenges with strategic approaches.
TheSmartShop's top competitors include Pay Point India, Kaleidofin and Dvara KGFS.
TheSmartShop operates through Hermes I Tickets Private Limited.
The legal entities of TheSmartShop currently have 3 directors, including Manojkumar Sahu, Gowtham Ramachandran, Thivyadoss Vijay Fredrick.