About Vedant Pay
Vedant Pay is a publicly listed company based in Ranchi (India). It offers agent-enabled services for utility bill payments and transfers. It operates on a B2B model. The company has 7 employees. Its Indian entity Vedant Asset Limited reported revenue of ₹4.97 Cr. Its focus areas include Fintech, Payment Processing and Utility Payments. Its competitors include Dvara KGFS, Pay Point India and Kaleidofin; 3 of its 3 listed competitors have raised funding.
Company details
Vedant Pay offers agent-enabled services for utility bill payments and transfers through offering financial products and advice, fintech, processing payments securely, and utility payments. Prioritizing client-centric approaches, it ensures high-quality outcomes, innovation, and sustainable practices in its field. It continues to evolve, meeting industry challenges with strategic approaches.
- Headquarters Ranchi, India
- Employees 7
- Stage Public
- SectorsFinancial Services
- Website vedantpay.com
- Social X Facebook
- Legal Name Vedant Asset Limited
- Date of Incorporation 07 Jul, 2015
- Jurisdiction Ranchi, Jharkhand, India
- Market Cap₹16.98 Cr
VEDANTASSET · BSE
- Share Price₹62.00
+0.81% today
- Revenue₹3.51 Cr
FY 2023-24 · +4.8% YoY
- EBITDA₹0.17 Cr
Margin 4.8%
- Net Profit₹0.29 Cr
FY 2023-24 · -6.5% YoY
- P/E (TTM)62.1x
P/B 3.1x
- ROE5.3%
ROCE 6.8%
- Employee Count7
Associated legal entities of Vedant Pay
Vedant Pay operates through Vedant Asset Limited, a listed company (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Vedant Asset Limited Listed CIN U74900JH2015PLC003020 | Active | 07 Jul 2015 | Ranchi, Jharkhand | ₹5.0 Cr | 7 | 6 | View details |
Board of directors of Vedant Asset Limited (Vedant Pay)
Vedant Asset Limited is the primary company behind Vedant Pay. The board of Vedant Asset Limited currently have 4 directors; the longest-serving is Priyanka Maheshwari, appointed in 2015. 10 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Priyanka Maheshwari DIN 06920471 | Director | 07 Jul 2015 | 11 yrs 3 mo | Vedant Asset Limited |
| Lallit Tripathi DIN 07220161 | Managing Director | 07 Jul 2015 | 11 yrs 3 mo | Vedant Asset Limited |
| Aman Poddar DIN 06620474 | Director | 03 Feb 2025 | 1 yr 8 mo | Vedant Asset Limited |
| Rajesh Nath Shahdeo DIN 00887989 | Whole-time director | 04 Sep 2025 | 1 yr 1 mo | Vedant Asset Limited |
IPO & Listings of Vedant Pay
Vedant Pay is a publicly listed company on the BSE with ticker symbol VEDANTASSET in India, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- Listed onBSE: VEDANTASSET
- Listed entityVedant Asset Limited
- Exchange sectorFinance
Financials of Vedant Pay
Exchange-reported figures of Vedant Asset Limited, the listed company behind Vedant Pay (BSE: VEDANTASSET).
Financial Highlights
FY 2023-24 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|
| Income statement | |||
| Revenue | 3.51 | 3.35 | 1.61 |
| Revenue growth | +4.8% | +108.1% | - |
| EBITDA | 0.17 | 0.47 | 0.16 |
| EBITDA margin | +4.8% | +14.0% | +9.9% |
| Profit before tax | 0.38 | 0.42 | 0.17 |
| Net profit | 0.29 | 0.31 | 0.09 |
| Net profit margin | +8.3% | +9.3% | +5.6% |
| EPS (₹) | 1.00 | 1.05 | 0.57 |
| Balance sheet | |||
| Total assets | 6.27 | 5.20 | 2.26 |
| Net worth | 5.45 | 5.18 | 2.25 |
| Total debt | 0.02 | 0.02 | 0.01 |
| Cash & bank | 3.63 | 0.39 | 0.25 |
| Net working capital | 4.76 | 1.26 | 1.18 |
| Cash flow | |||
| Cash from operations | (0.18) | 0.43 | (0.74) |
| Cash from investing | 2.62 | (2.94) | 0.59 |
| Cash from financing | 0.80 | 2.65 | (0.13) |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 4.75 | 3.57 | 2.81 | 2.14 | 1.59 | 1.01 | 0.60 |
| Revenue growth | +33.1% | +27.1% | +31.3% | +34.6% | +57.4% | +68.3% | - |
| EBITDA | 0.37 | 0.38 | 0.11 | 0.42 | 0.19 | 0.06 | 0.10 |
| EBITDA margin | +7.8% | +10.6% | +3.9% | +19.6% | +12.0% | +5.9% | +16.7% |
| Profit before tax | 0.54 | 0.37 | 0.32 | 0.37 | 0.20 | 0.11 | 0.05 |
| Net profit | 0.40 | 0.22 | 0.24 | 0.27 | 0.12 | 0.00 | 0.04 |
| Net profit margin | +8.4% | +6.2% | +8.5% | +12.6% | +7.6% | 0.0% | +6.7% |
| EPS (₹) | 1.45 | 0.80 | 0.85 | 0.95 | 0.77 | 0.43 | 340.00 |
| Balance sheet | |||||||
| Total assets | 6.07 | 6.18 | 6.23 | 5.20 | 2.29 | 2.33 | 0.80 |
| Net worth | 6.07 | 5.63 | 5.43 | 5.19 | 2.29 | 2.14 | 0.05 |
| Total debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.17 | 0.74 |
| Cash & bank | 2.63 | 2.63 | 3.60 | 0.31 | 0.24 | 0.53 | 0.07 |
| Net working capital | 4.54 | 4.74 | 4.73 | 1.27 | 1.22 | 0.59 | 0.06 |
| Cash flow | |||||||
| Cash from operations | 0.24 | (0.91) | (0.12) | 0.37 | (0.72) | (0.02) | 0.15 |
| Cash from investing | (0.31) | (0.06) | 2.61 | (2.94) | 0.60 | (0.71) | (0.27) |
| Cash from financing | 0.07 | 0.00 | 0.80 | 2.64 | (0.17) | 1.19 | 0.18 |
Financial Statements
| Particulars | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|
| Revenue | 3.51 | 3.35 | 1.61 |
| Revenue growth | +4.8% | +108.1% | - |
| Other income | 0.29 | 0.03 | 0.09 |
| Total expenses | 3.34 | 2.88 | 1.45 |
| Employee cost | 1.31 | 0.70 | 0.31 |
| EBITDA | 0.17 | 0.47 | 0.16 |
| EBITDA margin | +4.8% | +14.0% | +9.9% |
| Depreciation | 0.07 | 0.08 | 0.08 |
| Interest | 0.01 | 0.00 | 0.00 |
| Profit before tax | 0.38 | 0.42 | 0.17 |
| Tax | 0.09 | 0.11 | 0.05 |
| Net profit | 0.29 | 0.31 | 0.09 |
| Net profit margin | +8.3% | +9.3% | +5.6% |
| EPS (₹) | 1.00 | 1.05 | 0.57 |
| Particulars | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|
| Equity & liabilities | |||
| Share capital | 2.76 | 2.76 | 2.01 |
| Reserves & surplus | 2.69 | 2.42 | 0.24 |
| Shareholders' funds (net worth) | 5.45 | 5.18 | 2.25 |
| Minority interest | 0.00 | 0.00 | 0.00 |
| Secured loans | 0.00 | 0.00 | 0.00 |
| Unsecured loans | 0.02 | 0.02 | 0.01 |
| Total debt | 0.02 | 0.02 | 0.01 |
| Total liabilities | 6.27 | 5.20 | 2.26 |
| Assets | |||
| Gross block | 0.62 | 0.60 | 0.49 |
| Net block | 0.20 | 0.25 | 0.22 |
| Capital work in progress | 1.03 | 0.25 | 0.00 |
| Investments | 0.24 | 3.41 | 0.85 |
| Inventories | 0.16 | 0.18 | 0.21 |
| Sundry debtors | 0.52 | 0.03 | 0.00 |
| Cash & bank balances | 3.63 | 0.39 | 0.25 |
| Loans & advances | 0.93 | 0.88 | 1.00 |
| Total current assets | 5.24 | 1.48 | 1.46 |
| Total current liabilities | 0.48 | 0.22 | 0.28 |
| Net working capital | 4.76 | 1.26 | 1.18 |
| Total assets | 6.27 | 5.20 | 2.26 |
| Particulars | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|
| Opening cash | 0.39 | 0.25 | 0.53 |
| Net cash from operating activities | (0.18) | 0.43 | (0.74) |
| Net cash from investing activities | 2.62 | (2.94) | 0.59 |
| Net cash from financing activities | 0.80 | 2.65 | (0.13) |
| Net change in cash | 3.23 | 0.14 | (0.28) |
| Closing cash | 3.63 | 0.39 | 0.25 |
| Particulars | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|
| Growth | |||
| Sales growth | +4.8% | +108.1% | - |
| EBITDA growth | -63.8% | +193.8% | - |
| PBT growth | -9.5% | +147.1% | +9997.0% |
| Net income growth | -6.5% | +244.4% | - |
| Profitability & leverage | |||
| Net income margin | +8.3% | +9.3% | +7.5% |
| Return on capital employed | +6.8% | +10.7% | +5.4% |
| Return on net worth | +5.3% | +7.8% | +3.6% |
| Debt / equity | 0.00 | 0.00 | 0.00 |
| Long-term debt / equity | 0.00 | 0.00 | 0.00 |
| Interest cover | 10.00 | 0.00 | 0.00 |
| Efficiency & per share | |||
| Fixed asset turnover | 6.23 | 6.20 | 3.29 |
| Inventory turnover | 22.35 | 17.33 | 7.67 |
| Debtors turnover | 13.82 | 225.33 | 0.00 |
| EPS (₹) | 1.00 | 1.05 | 0.57 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 19.76 | 18.76 | 11.20 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 4.75 | 3.57 | 2.81 | 2.14 | 1.59 | 1.01 | 0.60 |
| Revenue growth | +33.1% | +27.1% | +31.3% | +34.6% | +57.4% | +68.3% | - |
| Other income | 0.22 | 0.27 | 0.29 | 0.03 | 0.09 | 0.12 | 0.01 |
| Total expenses | 4.38 | 3.19 | 2.70 | 1.72 | 1.40 | 0.95 | 0.50 |
| Employee cost | 0.00 | 1.24 | 1.13 | 0.43 | 0.30 | 0.23 | 0.10 |
| EBITDA | 0.37 | 0.38 | 0.11 | 0.42 | 0.19 | 0.06 | 0.10 |
| EBITDA margin | +7.8% | +10.6% | +3.9% | +19.6% | +12.0% | +5.9% | +16.7% |
| Depreciation | 0.05 | 0.27 | 0.07 | 0.08 | 0.08 | 0.07 | 0.06 |
| Interest | 0.00 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 0.54 | 0.37 | 0.32 | 0.37 | 0.20 | 0.11 | 0.05 |
| Tax | 0.14 | 0.15 | 0.08 | 0.10 | 0.05 | 0.03 | 0.01 |
| Net profit | 0.40 | 0.22 | 0.24 | 0.27 | 0.12 | 0.00 | 0.04 |
| Net profit margin | +8.4% | +6.2% | +8.5% | +12.6% | +7.6% | 0.0% | +6.7% |
| EPS (₹) | 1.45 | 0.80 | 0.85 | 0.95 | 0.77 | 0.43 | 340.00 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 2.76 | 2.76 | 2.76 | 2.76 | 2.01 | 2.01 | 0.01 |
| Reserves & surplus | 3.31 | 2.87 | 2.67 | 2.43 | 0.28 | 0.13 | 0.04 |
| Shareholders' funds (net worth) | 6.07 | 5.63 | 5.43 | 5.19 | 2.29 | 2.14 | 0.05 |
| Secured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Unsecured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.17 | 0.74 |
| Total debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.17 | 0.74 |
| Total liabilities | 6.07 | 6.18 | 6.23 | 5.20 | 2.29 | 2.33 | 0.80 |
| Assets | |||||||
| Gross block | 0.69 | 1.09 | 0.61 | 0.58 | 0.48 | 0.39 | 0.29 |
| Net block | 0.16 | 0.62 | 0.20 | 0.24 | 0.21 | 0.20 | 0.17 |
| Capital work in progress | 0.90 | 0.59 | 1.03 | 0.25 | 0.00 | 0.00 | 0.00 |
| Investments | 0.19 | 0.24 | 0.25 | 3.42 | 0.85 | 1.28 | 0.58 |
| Inventories | 0.42 | 0.18 | 0.16 | 0.18 | 0.21 | 0.00 | 0.00 |
| Sundry debtors | 0.41 | 0.62 | 0.29 | 0.02 | 0.00 | 0.00 | 0.00 |
| Cash & bank balances | 2.63 | 2.63 | 3.60 | 0.31 | 0.24 | 0.53 | 0.07 |
| Loans & advances | 1.37 | 1.48 | 1.11 | 1.04 | 1.02 | 0.12 | 0.01 |
| Total current assets | 4.83 | 4.91 | 5.16 | 1.55 | 1.47 | 0.65 | 0.08 |
| Total current liabilities | 0.29 | 0.17 | 0.43 | 0.28 | 0.25 | 0.06 | 0.02 |
| Net working capital | 4.54 | 4.74 | 4.73 | 1.27 | 1.22 | 0.59 | 0.06 |
| Total assets | 6.07 | 6.18 | 6.23 | 5.20 | 2.29 | 2.33 | 0.80 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 2.63 | 3.60 | 0.31 | 0.24 | 0.53 | 0.07 | 0.01 |
| Net cash from operating activities | 0.24 | (0.91) | (0.12) | 0.37 | (0.72) | (0.02) | 0.15 |
| Net cash from investing activities | (0.31) | (0.06) | 2.61 | (2.94) | 0.60 | (0.71) | (0.27) |
| Net cash from financing activities | 0.07 | 0.00 | 0.80 | 2.64 | (0.17) | 1.19 | 0.18 |
| Net change in cash | 0.00 | (0.97) | 3.29 | 0.08 | (0.29) | 0.46 | 0.06 |
| Closing cash | 2.63 | 2.63 | 3.60 | 0.31 | 0.24 | 0.53 | 0.07 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +33.1% | +27.1% | +31.3% | +34.6% | +57.4% | +68.3% | - |
| EBITDA growth | -2.6% | +245.5% | -73.8% | +121.1% | +216.7% | -40.0% | - |
| PBT growth | +46.0% | +15.6% | -13.5% | +85.0% | +81.8% | +120.0% | +9997.0% |
| Net income growth | +81.8% | -8.3% | -11.1% | +125.0% | - | -100.0% | - |
| Revenue CAGR (3Y) | +30.4% | +31.0% | +40.7% | +52.8% | - | - | - |
| EBITDA CAGR (3Y) | -4.1% | +26.0% | +22.4% | +61.3% | - | - | - |
| Profitability & leverage | |||||||
| Net income margin | +8.4% | +6.2% | +8.5% | +12.6% | +9.4% | +7.9% | +6.7% |
| Return on capital employed | - | +6.1% | +5.8% | +9.6% | +6.9% | +0.6% | +5.0% |
| Return on net worth | - | +4.0% | +4.5% | +7.0% | +5.4% | +0.9% | +60.0% |
| Debt / equity | - | 0.00 | 0.00 | 0.00 | 0.04 | 0.42 | 14.87 |
| Long-term debt / equity | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.34 | 14.87 |
| Interest cover | 0.00 | 9.09 | 25.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 4.52 | 5.21 | 4.09 | 3.66 | 2.97 | 2.07 |
| Inventory turnover | - | 22.59 | 18.24 | 11.13 | 15.14 | 0.00 | 0.00 |
| Debtors turnover | - | 8.44 | 20.00 | 217.00 | 0.00 | 0.00 | 0.00 |
| EPS (₹) | 1.45 | 0.80 | 0.85 | 0.95 | 0.77 | 0.43 | 340.00 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 20.40 | 19.66 | 18.81 | 11.40 | 10.65 | 538.00 |
Competitors of Vedant Pay
Vedant Pay 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 Vedant Pay
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Top companies in Payments & Remittance Platforms
3 companies that operate in the same segment as Vedant Pay (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 Vedant Pay
Vedant Pay is headquartered in Ranchi, India. It is registered at Ranchi, Jharkhand, India.
Vedant Pay has 7 employees.
The primary company behind Vedant Pay, Vedant Asset Limited, reported revenue of ₹4.97 Cr for FY 2026, up 33% year on year.
Vedant Pay offers agent-enabled services for utility bill payments and transfers through offering financial products and advice, fintech, processing payments securely, and utility payments. Prioritizing client-centric approaches, it ensures high-quality outcomes, innovation, and sustainable practices in its field. It continues to evolve, meeting industry challenges with strategic approaches.
Vedant Pay's top competitors include Pay Point India, Kaleidofin and Dvara KGFS.
Yes, Vedant Pay is publicly traded on BSE under the ticker symbol VEDANTASSET.
Vedant Pay operates through Vedant Asset Limited.
The legal entities of Vedant Pay currently have 6 directors, including Priyanka Maheshwari, Lallit Tripathi, Subesh Kumar and others.