About Boson Systems Private Limited
Data last updated:
Boson Systems Private Limited is a foreign private limited company based in Mumbai, Maharashtra, India. It operates in the digital payment solutions segment of the financial services sector. It was incorporated on 23 January 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72900MH2010FTC199309. Its GSTIN is 27AACCE3023C1ZB (Maharashtra).
The company has an authorised share capital of ₹26.2 Cr and a paid-up capital of ₹1.93 Cr. It was formerly known as Empays Payment Systems Private Limited. It is led by directors including Girish Nilkanth Kulkarni and Carlos Martin Mira.
Its last annual general meeting (AGM) was held on 19 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹32.38 Lakh, a decline of 4% compared to the previous year. For the same year it recorded a net loss of ₹3.72 Cr and EBITDA of -₹3.46 Cr. Revenue has grown at a compounded annual rate (CAGR) of 22% over three years and 2% over five years.
Its group structure includes 1 subsidiary.
The company is associated with 2 brands: Empays Payment Systems and Boson Systems. As per MCA filings, the company has satisfied charges of ₹8.25 Cr on record. The company has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹27.59 Cr; the latest was in March 2018. Its 10 peer companies in the BFSI industry (Payment Solution Providers) are compared by revenue, 5 larger and 5 smaller; the largest is Dikshup Enterprises Private Limited with revenue of ₹33.79 Lakh. The company has 7 MSME Form 1 returns on record between 2021 and 2024, listing 135 overdue payments to 8 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website empays.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address215 – 216 The Empire Business Centre 414 Empire Complex Senapati Bapat Marg Lower Pare, L, Mumbai, Maharashtra, India – 400013
- IndustryFinancial Services, Digital Payment Solutions
- 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
- One PDF report, delivered after checkout
Business Activity of Boson Systems Private Limited
The main business activity of Boson Systems is information and communication. In detail, this covers other information & communication service activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Boson Systems Private Limited FY 2024 filings available
Boson Systems Private Limited reported revenue of ₹32.38 Lakh (down 4% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Boson Systems Private Limited
Revenue fell 4% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 2%. EBITDA rose 16% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary of Boson Systems Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹3.46 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹3.72 Cr | •••• | •••• | •••• | •••• |
| 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 of Boson Systems Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | •••• | •••• | •••• | •••• | •••• |
| Net Profit Margin | •••• | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Boson Systems are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Boson Systems Private Limited
Boson Systems Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Payment Solution Providers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Dikshup Enterprises Private Limited | ₹33.79 Lakh (FY 2022) | •••• | •••• | •••• | Sonepur, Bihar, India | |
| Junio Payments Private Limited | ₹33.43 Lakh (FY 2025) | •••• | •••• | •••• | New Delhi, Delhi, India | |
| Diosm Fintech Private Limited | ₹33.1 Lakh (FY 2024) | •••• | •••• | 129.0% | •••• | Damoh, Madhya Pradesh, India |
| Agskart Private Limited | ₹33.04 Lakh (FY 2024) | •••• | •••• | •••• | Nelamangala, Karnataka, India | |
| Payout Fintech Private Limited | ₹32.64 Lakh (FY 2025) | •••• | •••• | -59.0% | •••• | Chennai, Tamil Nadu, India |
| Boson Systems Private Limited this company | ₹32.38 Lakh (FY 2025) | •••• | •••• | -4.0% | •••• | Mumbai, Maharashtra, India |
| Flow Finance Private Limited | ₹31.87 Lakh (FY 2024) | •••• | •••• | 13.0% | •••• | Bangalore, Karnataka, India |
| Payplex Solutions Private Limited | ₹31.59 Lakh (FY 2024) | •••• | •••• | 84.0% | •••• | Latehar, Jharkhand, India |
| Veelsplus Touchtech Private Limited | ₹31.53 Lakh (FY 2025) | •••• | •••• | 47.0% | •••• | Nagpur, Maharashtra, India |
| Nearex Technologies Private Limited | ₹31.5 Lakh (FY 2025) | •••• | •••• | 403.0% | •••• | Bangalore, Karnataka, India |
| Botmatic Solution Private Limited | ₹31.18 Lakh (FY 2025) | •••• | •••• | 63.0% | •••• | Pune, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Boson Systems by revenue in the BFSI industry (Payment Solution Providers), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Boson Systems Private Limited
Boson Systems Private Limited is audited by Ambavat Jain & Associates LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Ambavat Jain & Associates LLP | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Boson Systems Private Limited
Boson Systems has 4 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Girish Nilkanth Kulkarni | Director | 02 Jan 2014 | 12 Years 9 Months | Current |
| Carlos Martin Mira Also directs: Empays Technologies Private Limited | Director | 26 Mar 2010 | 16 Years 6 Months | Current |
| Ravi Rajagopalan Also directs: Empays Technologies Private Limited | Director | 30 Jan 2010 | 16 Years 8 Months | Current |
| Vinod Aachi | Director | 12 Mar 2018 | 8 Years 6 Months | Current |
Ownership and Shareholding of Boson Systems Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Boson Systems Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 23 Jun 2010 | Axis Trustee Services Limited | ₹8.25 Cr | Satisfied |
Total charge records: 1 View all charges
Deals & Funding of Boson Systems Private Limited
Boson Systems Private Limited has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹27.59 Cr; the latest was in March 2018.
Deals on record (2 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2018 | Funding round | ₹2.56 Cr | Investors: an individual |
| Jun 2013 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Boson Systems Private Limited , Aurelius (2008) Limited |
Full deal history
All 3 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
MSME Payment Delays by Boson Systems Private Limited
Boson Systems Private Limited has 7 MSME Form 1 returns on record between 2021 and 2024, listing 135 overdue payments to 8 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 8)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Boson Systems Private Limited | •••• | •••• | •••• |
| Mufg Intime India Private Limited | •••• | •••• | •••• |
| Spire Risk Advisors LLP | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Ambavat Jain & Associates LLP | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 7 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Associated Brands with Boson Systems Private Limited
Boson Systems operates two associated brands: Empays Payment Systems and Boson Systems. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Instant money transfers are enabled via mobile platform. | empays.com | |
| White-labeled digital payment platform with cardless ATM features is offered. | bosonsystems.com |
Employees and EPFO Compliance at Boson Systems Private Limited
Employment history and EPFO contributions of people linked to Boson Systems.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Group Structure of Boson Systems Private Limited
Boson Systems has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Empays Technologies Private Limited | U72900MH2010PTC200841 | Locked |
Showing major subsidiaries. Total: 1.
News related to Boson Systems Private Limited
Recent Activity on Boson Systems Private Limited
Boson Systems Private Limited has 18 board changes on record since 2010: 11 appointments and 7 cessations. The latest: Sunil Satyapal Gulati ceased to be Director on 15 Mar 2024.
11 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Boson Systems Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Boson Systems Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Boson Systems Private Limited
Boson Systems has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCE3023C1ZB | Maharashtra | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Boson Systems Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Boson Systems Private Limited
Boson Systems is an active foreign private limited company based in Mumbai, Maharashtra, India. The company works in digital payment solutions, within the financial services industry. It was incorporated on 23 January 2010 (16+ years old) and is registered under CIN U72900MH2010FTC199309.
Boson Systems reported revenue of ₹32.38 Lakh for FY 2025 (down 4% YoY).
Boson Systems has 4 current directors:
- Girish Nilkanth Kulkarni - Director
- Carlos Martin Mira - Director
- Ravi Rajagopalan - Director
- Vinod Aachi - Director
Boson Systems reported a net loss of ₹3.72 Cr and EBITDA of -₹3.46 Cr for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Boson Systems is -22% over three years and 2% over five years. In the latest year (FY 2025) revenue fell 4%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Boson Systems is 27AACCE3023C1ZB, registered in Maharashtra.
The CIN (Corporate Identification Number) of Boson Systems is U72900MH2010FTC199309. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Boson Systems was incorporated on 23 January 2010, making it 16+ years old. It is registered with the Registrar of Companies, Mumbai.
Boson Systems has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹27.59 Cr; the latest was in March 2018.
The peers of Boson Systems by revenue are Dikshup Enterprises Private Limited, Junio Payments Private Limited, Diosm Fintech Private Limited, Agskart Private Limited, Payout Fintech Private Limited and 5 more, all in the BFSI industry (Payment Solution Providers).
Sunil Satyapal Gulati ceased to be Director on 15 Mar 2024. Vinod Aachi was appointed as Director on 12 Mar 2018. Srihari Kumar ceased to be Director on 15 Nov 2017. Boson Systems has 18 board changes on record in total.
Boson Systems has 7 MSME Form 1 returns on record between 2021 and 2024, listing 135 overdue payments to 8 micro and small suppliers. The latest return was filed on 01 May 2024.