About Bpsplus Private Limited
Data last updated:
Bpsplus Private Limited is a private limited company based in Muthukulam, Kerala, India, recognised as a startup by DPIIT. It operates in the digital payment solutions segment of the financial services sector. It was incorporated on 28 April 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U74999KL2017PTC049026. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Vishal Nair and Sachidananda Krishnappa Kanchan.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Door No. Apiii/543 Puthenpurayil Muthukulam South P.O., Kerala, India – 690506.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.16 Cr, a decline of 89% compared to the previous year. For the same year it recorded a net loss of ₹74.3 Lakh (net margin -64%) and EBITDA of -₹72.54 Lakh (EBITDA margin -62.5%). Revenue has grown at a compounded annual rate (CAGR) of 285% over three years and 357% over five years.
The company has about 43 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Payrup. Court records list 4 cases involving the company, including 3 filed by the company; 3 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website payrup.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Apps
- Registered AddressDoor No. Apiii/543 Puthenpurayil Muthukulam South P.O., Kerala, India – 690506
- 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 Bpsplus Private Limited
The main business activity of Bpsplus is support service to organizations. In detail, this covers other support services to organizations.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| N | Support service to Organizations | N7 | Other support services to organizations | 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 Bpsplus Private Limited FY 2025 filings available
Bpsplus Private Limited reported revenue of ₹1.16 Cr (down 89% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Bpsplus Private Limited
Revenue fell 89% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 357%. EBITDA rose 84% 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 Bpsplus 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 | -₹72.54 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹74.3 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 of Bpsplus Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -62.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -64% | •••• | •••• | •••• | •••• |
| 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 Bpsplus are in the company report.
Financial statements from FY 2018
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 Bpsplus Private Limited
Bpsplus Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Payment Solution Providers). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Youfirst Ventures Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Kiaraa Pay Technology Private Limited | •••• | •••• | •••• | •••• | - | Delhi, India |
| Virtuosoft Technologies Private Limited | •••• | •••• | •••• | •••• | - | Thiruvananthapuram, Kerala, India |
| Anniyam Payment Solutions Private Limited | •••• | •••• | •••• | •••• | 47 | Dharmapuri, Tamil Nadu, India |
| Majila and Marwah Services Private Limited | •••• | •••• | •••• | •••• | - | Delhi, India |
| Bpsplus Private Limited this company | •••• | •••• | •••• | •••• | - | Muthukulam, Kerala, India |
| R360 Payment Services Private Limited | •••• | •••• | •••• | •••• | - | Bengaluru, Karnataka, India |
| Ciphersquare Digital Private Limited | •••• | •••• | •••• | •••• | 1,385 | New Delhi, Delhi, India |
| Finessense Advisors Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Techroom Technologies Private Limited | •••• | •••• | •••• | •••• | - | Noida, Uttar Pradesh, India |
| Resilient Payments Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Bpsplus by revenue in the BFSI industry (Payment Solution Providers), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Bpsplus Private Limited
Bpsplus Private Limited is audited by CHARLES & CHANDRASEKAR for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| CHARLES & CHANDRASEKAR | 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 Bpsplus Private Limited
Bpsplus has 4 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vishal Nair Also directs: Teckborn Technologies Private Limited | Director | 13 May 2021 | 5 Years 4 Months | Current |
| Sachidananda Krishnappa Kanchan | Director | 13 Jun 2023 | 3 Years 3 Months | Current |
| Mahadevappa Halagatti Also directs: Teckborn Technologies Private Limited | Director | 18 Sep 2023 | 3 Years 0 Months | Current |
| Kuttappan Sureshkumar Also directs: Teckborn Technologies Private Limited | Additional Director | 29 Apr 2017 | 9 Years 5 Months | Current |
Ownership and Shareholding of Bpsplus 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 Bpsplus Private Limited
Bpsplus Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Legal Cases of Bpsplus Private Limited
Bpsplus Private Limited has 4 court cases on record: 3 filed by Bpsplus, 1 where it is another party. 3 cases are pending and 1 is disposed. Status as checked between 21 Sep 2026 and 30 Sep 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 0 | 3 |
| District courts | 1 | 0 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Kerala | Writ petition | Filed by the company against HDFC Bank Limited | Pending |
| High Court of Kerala | Writ petition | Filed by the company against Axis Private Equity Limited | Pending |
| High Court of Kerala | Writ petition | Filed by the company against Icici Bank | Pending |
| District court, Thiruvananthapuram, Kerala | Criminal miscellaneous application | Company is another party | Disposed |
Full case history
All 4 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Associated Brands with Bpsplus Private Limited
Bpsplus operates one associated brand: Payrup. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Digital wallet for mobile recharges, utility payments, and travel services. | payrup.com |
Employees and EPFO Compliance at Bpsplus Private Limited
Bpsplus Private Limited has a workforce of 43 employees as of Apr 08, 2024.
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.
Recent Activity on Bpsplus Private Limited
Bpsplus Private Limited has 8 board changes on record since 2017: 4 appointments and 4 cessations. The latest: Sumesh Kumar Kuttappan ceased to be Director on 12 Apr 2024.
Credit Ratings, Litigation & Regulatory Alerts for Bpsplus 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.
MSME Payment Delays by Bpsplus Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Bpsplus 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 Bpsplus Private Limited
Bpsplus has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
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 Bpsplus 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 Bpsplus Private Limited
Bpsplus is an active private limited company based in Muthukulam, Kerala, India. The company works in digital payment solutions, within the financial services industry. It was incorporated on 28 April 2017 (9+ years old) and is registered under CIN U74999KL2017PTC049026.
Bpsplus reported revenue of ₹1.16 Cr for FY 2025 (down 89% YoY).
Bpsplus has 4 current directors:
- Vishal Nair - Director
- Sachidananda Krishnappa Kanchan - Director
- Mahadevappa Halagatti - Director
- Kuttappan Sureshkumar - Additional Director
Bpsplus reported a net loss of ₹74.3 Lakh (net margin -64%) and EBITDA of -₹72.54 Lakh (EBITDA margin -62.5%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Bpsplus is 285% over three years and 357% over five years. In the latest year (FY 2025) revenue fell 89%. CAGR is the steady yearly rate that links the first and the last year.
No. Bpsplus has 2 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Bpsplus is U74999KL2017PTC049026. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Bpsplus has 4 court cases on record: 3 filed by the company. 3 are pending. Most are in the high courts.
Bpsplus was incorporated on 28 April 2017, making it 9+ years old. It is registered with the Registrar of Companies, Ernakulam.
The peers of Bpsplus by revenue are Youfirst Ventures Private Limited, Kiaraa Pay Technology Private Limited, Virtuosoft Technologies Private Limited, Anniyam Payment Solutions Private Limited, Majila and Marwah Services Private Limited and 5 more, all in the BFSI industry (Payment Solution Providers).
Sumesh Kumar Kuttappan ceased to be Director on 12 Apr 2024. Mahadevappa Halagatti was appointed as Director on 18 Sep 2023. Anushka Halagatti ceased to be Director on 03 Jul 2023. Bpsplus has 8 board changes on record in total.