About Bestpay Solutions Private Limited
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Bestpay Solutions Private Limited is a private limited company based in New Delhi, Delhi, India. It operates in the digital payment solutions segment of the financial services sector. It was incorporated on 03 June 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74999DL2020PTC364259. Its GSTIN is 07AAJCB0195K1ZH (Delhi).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors Lalit and Sushil.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at Unit No 301 Aggarwal City Plaza 17 District Centre Manglam Place Sec 3, New Delhi, Delhi, India – 110085.
As per the financials filed for FY 2022, the company reported a revenue of ₹415.17 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹25.98 Lakh (net margin 0.1%) and EBITDA of ₹35.7 Lakh (EBITDA margin 0.1%).
The company is associated with 1 brand: Bestpay Solutions. Court records list 6 cases involving the company, including 4 filed by the company and 2 filed against it.
For more details, the company can be reached via its website bestpay.org.in.
Company details
Contact details
Bestpay Solutions Private Limited's registered office is in New Delhi, Delhi. Its website is bestpay.org.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressUnit No 301 Aggarwal City Plaza 17 District Centre Manglam Place Sec 3, New Delhi, Delhi, India – 110085
- IndustryFinancial Services, Digital Payment Solutions
To see the full contact details of Bestpay Solutions Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Bestpay Solutions operates one associated brand: Bestpay Solutions. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers a platform for secure money transfer and payment services. | bestpay.org.in |
Business activity
The main business activity of Bestpay Solutions is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Bestpay Solutions Private Limited, buy the company report.
Financials of Bestpay Solutions Private Limited
FY 2022 filings availableBestpay Solutions Private Limited reported revenue of ₹415.17 Cr (up 815% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue rose 815% in the latest year. EBITDA rose 765% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2021-22 | FY 2020-21 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ₹415.17 Cr | |
| Other Income | ||
| Total Revenue | ||
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | ₹35.7 Lakh | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | ₹25.98 Lakh | |
| Balance Sheet | ||
| Share Capital | ||
| Reserves and Surplus | ||
| Net Worth (Total Equity) | ||
| Long-term Borrowings | ||
| Short-term Borrowings | ||
| Trade Payables | ||
| Total Liabilities | ||
| Fixed Assets | ||
| Investments | ||
| Inventories | ||
| Trade Receivables | ||
| Cash and Bank Balance | ||
| Total Assets | ||
Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 0.1% | |
| Net Profit Margin | 0.1% | |
| Return on Equity (ROE) | ||
| Return on Capital Employed (ROCE) | ||
| Return on Assets (ROA) | ||
| Liquidity and Debt | ||
| Current Ratio | ||
| Quick Ratio | ||
| Debt-to-Equity Ratio | ||
| Interest Coverage Ratio | ||
| Efficiency and Growth | ||
| Asset Turnover | ||
| Receivable Days | ||
| Payable Days | ||
| Inventory Days | ||
| Revenue Growth | ||
| Net Profit Growth | ||
To see the full financial statements and ratios of Bestpay Solutions Private Limited, buy the company report.
Board of directors of Bestpay Solutions Private Limited
Bestpay Solutions has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Auditor
Bestpay Solutions Private Limited is audited by DEEPAK G C GOEL & ASSOCIATES for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DEEPAK G C GOEL & ASSOCIATES | FY 2022 | 020389N |
Shareholding
The shareholding of Bestpay Solutions Private Limited is on record for 2 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Bestpay Solutions Private Limited, buy the company report.
Legal cases
Bestpay Solutions Private Limited has 6 court cases on record: 4 filed by Bestpay Solutions, 2 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 2 | 0 |
| High courts | 1 | 0 | 0 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Court case (Com.A.A.) | Filed against the company by Razorpay Software Pvt Ltd | Disposed |
| Supreme Court | Court case (1100-Arbitration Matters : SLPs challenging Arbitration Matters) | Filed by the company against M/S Razorpay Software Private Limited Through Its Authorised Signatory Mr. Atul Respondent Respondent 12 Mehta Senior-Vp Sales, Having Its Registered Office at 1St Floor, SJR Cyber, 22 Laskar House Road, Adugodi, ,Bangalore , Karnataka | Disposed |
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed against the company by Razorpay Software Pvt Ltd | Disposed |
| District court, North West, Delhi | Revision petition | Filed by the company against State and 7 others | Disposed |
| District court, North West, Delhi | Criminal case | Filed by the company against State and Ors. | Disposed |
To see the full case history of Bestpay Solutions Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Bestpay Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Bestpay Solutions Private Limited has 1 active EPFO establishment as of Mar 27, 2024.
GST
Bestpay Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAJCB0195K1ZH | Delhi | Active | 22 Sep 2020 |
To see the full GST registrations and return filing status of Bestpay Solutions Private Limited, buy the company report.
Recent activity
Bestpay Solutions Private Limited has 3 board changes on record since 2020: 2 appointments and 1 cessation. The latest: Lalit was appointed as Director on 05 Oct 2021.
Frequently asked questions
Bestpay Solutions is an active private limited company based in New Delhi, Delhi, India. The company works in digital payment solutions, within the financial services industry. It was incorporated on 03 June 2020 (6+ years old) and is registered under CIN U74999DL2020PTC364259.
The latest financial statements of Bestpay Solutions on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from FY 2021 are in the company report.
The GSTIN of Bestpay Solutions is 07AAJCB0195K1ZH, registered in Delhi.
The CIN (Corporate Identification Number) of Bestpay Solutions is U74999DL2020PTC364259. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Bestpay Solutions has 6 court cases on record: 4 filed by the company and 2 filed against it. Most are in the district courts.
Bestpay Solutions was incorporated on 03 June 2020, making it 6+ years old. It is registered with the Registrar of Companies, Delhi.
Lalit was appointed as Director on 05 Oct 2021. Rohit Garg ceased to be Director on 05 Oct 2021. Sushil was appointed as Director on 03 Jun 2020.
Bestpay Solutions can be reached through the website bestpay.org.in. Its registered office is in New Delhi, Delhi, India.
The registered office of Bestpay Solutions is at Unit No 301 Aggarwal City Plaza 17 District Centre Manglam Place Sec 3, New Delhi, Delhi, India – 110085.