About Cashless Technologies India Private Limited
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Cashless Technologies India Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Synergistic Financial Networks Private Limited. It operates in the digital payment solutions segment of the financial services sector. It was incorporated on 02 February 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74900MH2016PTC272534. Its GSTIN is 27AAGCC3432K1ZN (Maharashtra).
The company has an authorised share capital of ₹58 Cr and a paid-up capital of ₹47.56 Cr. It is led by directors Sooraj Valsala Sakthidharannair (Managing Director) and Prashant Jaju.
Its last annual general meeting (AGM) was held on 18 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹86.37 Cr, a growth of 91% compared to the previous year. For the same year it recorded a net profit of ₹24.77 Cr (net margin 28.7%) and EBITDA of ₹44.81 Cr (EBITDA margin 51.9%). Revenue has grown at a compounded annual rate (CAGR) of 63% over three years and 105% over five years.
The company has about 153 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Benow. As per MCA filings, the company has open charges of ₹170.02 Cr on record. Court records list 1 case involving the company, including 1 filed by the company. The company has 5 deals on record (2 rights issues, 2 secondary share transfers, 1 acquisition); the latest was in February 2022. The company has 1 MSME Form 1 return on record for the period ending Sep 2019, listing 5 overdue payments to 1 micro and small supplier.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website benow.in.
Company details
Contact details
Cashless Technologies India Private Limited's registered office is in Mumbai, Maharashtra. Its website is benow.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered AddressA – 502 Sagar Tech Plaza Andheri Kurla Road, Sakinaka Junction, Mumbai, Maharashtra, India – 400072
- IndustryFinancial Services, Digital Payment Solutions
To see the full contact details of Cashless Technologies India 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
Business activity
The main business activity of Cashless Technologies India is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Cashless Technologies India Private Limited, buy the company report.
Financials of Cashless Technologies India Private Limited
FY 2025 filings availableCashless Technologies India Private Limited reported revenue of ₹86.37 Cr (up 91% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 105% over five years, including 91% growth in the latest year. EBITDA rose 72% 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹44.81 Cr | ||||
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| Net Profit (PAT) | ₹24.77 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | 51.9% | ||||
| Net Profit Margin | 28.7% | ||||
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To see the full financial statements and ratios of Cashless Technologies India Private Limited, buy the company report.
Board of directors of Cashless Technologies India Private Limited
Cashless Technologies India has 2 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Prashant Jaju | Nominee Director | 12 Apr 2022 | 4 Years 6 Months | Current |
| Sooraj Valsala Sakthidharannair | Managing Director | 04 Jul 2020 | 6 Years 3 Months | Current |
Auditor
Cashless Technologies India Private Limited is audited by M/s BSR & Co. LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M/s BSR & Co. LLP | FY 2023 | 101248W/W-100022 |
Shareholding
The shareholding of Cashless Technologies India Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
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| Domestic institutional investors (DII) | |||||
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| Public | |||||
| Others |
To see the full shareholding pattern of Cashless Technologies India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Oct 2024 | 101005426 | Citi Bank N.A. | ₹70 Cr | Open | |
| 18 Jul 2024 | 100968022 | Others | ₹1.98 Lakh | Open | |
| 06 Nov 2023 | 100821411 | Hdfc Bank Limited | ₹100 Cr | Open |
To see the full charge records of Cashless Technologies India Private Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Cashless Technologies India Private Limited has 5 deals on record (2 rights issues, 2 secondary share transfers, 1 acquisition); the latest was in February 2022.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2022 | Acquisition | Undisclosed | Buyer: Synergistic Financial Networks Private Limited |
| Jun 2018 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Jun 2017 | Rights issue | ₹7.88 Cr | Investors: 4 individuals |
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
| Dec 2016 | Rights issue | ₹6.06 Cr | Investors: 4 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Cashless Technologies India Private Limited has 1 court case on record: 1 filed by Cashless Technologies India. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Writ petition | Filed by the company against Idfc First Bank Limited and 1 other | Disposed |
To see the full case history of Cashless Technologies India 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
Cashless Technologies India Private Limited has 1 MSME Form 1 return on record for the period ending Sep 2019, listing 5 overdue payments to 1 micro and small supplier. 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 (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Blazeclan Technologies Private Limited |
To see the full MSME payment records of Cashless Technologies India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Cashless Technologies India Private Limited has a workforce of 153 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Cashless Technologies India has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAGCC3432K1ZN | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Cashless Technologies India Private Limited, buy the company report.
Recent activity
Cashless Technologies India Private Limited has 26 board changes on record since 2016: 14 appointments and 12 cessations. The latest: Jagriti Bhattacharyya ceased to be Nominee Director on 11 Jul 2025.
22 earlier events are in the company report.
News
Frequently asked questions
Cashless Technologies India is an active private limited company based in Mumbai, Maharashtra, India. The company works in digital payment solutions, within the financial services industry. It was incorporated on 02 February 2016 (10+ years old) and is registered under CIN U74900MH2016PTC272534.
Cashless Technologies India has 2 current directors:
- Sooraj Valsala Sakthidharannair - Managing Director
- Prashant Jaju - Nominee Director
The latest financial statements of Cashless Technologies India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 18 September 2025. Year-wise statements from FY 2016 are in the company report.
The GSTIN of Cashless Technologies India is 27AAGCC3432K1ZN, registered in Maharashtra.
The CIN (Corporate Identification Number) of Cashless Technologies India is U74900MH2016PTC272534. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Cashless Technologies India has 1 court case on record: 1 filed by the company.
Cashless Technologies India was incorporated on 02 February 2016, making it 10+ years old. It is registered with the Registrar of Companies, Mumbai.
Cashless Technologies India has 5 deals on record (2 rights issues, 2 secondary share transfers, 1 acquisition); the latest was in February 2022.
Jagriti Bhattacharyya ceased to be Nominee Director on 11 Jul 2025. Madhuri Vijay Vyas ceased to be Company Secretary on 17 Apr 2023. Jagriti Bhattacharyya was appointed as Nominee Director on 23 Jan 2023. Cashless Technologies India has 26 board changes on record in total.
Cashless Technologies India has 1 MSME Form 1 return on record for the period ending Sep 2019, listing 5 overdue payments to 1 micro and small supplier. The latest return was filed on 31 Oct 2019.
Cashless Technologies India can be reached through the website benow.in. Its registered office is in Mumbai, Maharashtra, India.