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Ciphersquare Payment Solutions Private Limited - financial services in Delhi, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹7.52 Cr
▲ 297% YoY
Net profit · FY 2025
₹6.94 Lakh
Net margin 0.9%
EBITDA · FY 2025
₹2.34 Cr
EBITDA margin 31.1%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
4 yrs
Est. 2022
Employees · EPFO
3
Provident fund records
Directors on board
2
As per MCA filings
About Ciphersquare Payment Solutions Private Limited
Data last updated:
Ciphersquare Payment Solutions Private Limited is a private limited company based in Delhi, India, recognised as a startup by DPIIT. It operates in the digital payment solutions segment of the financial services sector. It was incorporated on 13 June 2022.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U72900DL2022PTC399881. Its GSTIN is 07AAKCC3807G1ZR (Delhi).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Nikhil Nayyar and Himanshu Chawla.
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 1301 13th Floor Aggarwal Corporate Heights, Plot No A – 07 Netaji Subhash Place Pitampura, Delhi, India – 110034.
As per the financials filed for FY 2025, the company reported a revenue of ₹7.52 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹6.94 Lakh (net margin 0.9%) and EBITDA of ₹2.34 Cr (EBITDA margin 31.1%).
The company has about 3 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Cipherpay.
Ciphersquare Payment Solutions Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-DL-11-0037612). For more details, the company can be reached via its website cipherpay.in.
Company details
CIN U72900DL2022PTC399881
Registration Number 399881
Incorporation Date 13 June 2022
ROC Delhi
Listing Status Unlisted
Company Status Active
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-DL-11-0037612
Key People
Nikhil Nayyar Director Himanshu Chawla Director Recognitions & Rankings of Ciphersquare Payment Solutions
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2022-23)
- Udyam number
- UDYAM-DL-11-0037612
Contact details
Ciphersquare Payment Solutions Private Limited's registered office is in Delhi, Delhi. Its website is cipherpay.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address1301 13th Floor Aggarwal Corporate Heights, Plot No A – 07 Netaji Subhash Place Pitampura, Delhi, India – 110034
- IndustryFinancial Services, Digital Payment Solutions
To see the full contact details of Ciphersquare Payment Solutions Private Limited, buy the company report.
Comprehensive company report
Ciphersquare Payment Solutions Private Limited - one report that includes everything
- 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
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Brands
Ciphersquare Payment Solutions operates one associated brand: Cipherpay. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers AI-enabled payment processing solutions for efficient business transactions. | cipherpay.in |
Business activity
The main business activity of Ciphersquare Payment Solutions is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Ciphersquare Payment Solutions Private Limited, buy the company report.
Financials of Ciphersquare Payment Solutions Private Limited
FY 2025 filings availableCiphersquare Payment Solutions Private Limited reported revenue of ₹7.52 Cr (up 297% YoY) for FY 2025.
Revenue · FY 2025
₹7.52 Cr ▲ 297%
Net profit · FY 2025
₹6.94 Lakh margin 0.9%
EBITDA · FY 2025
₹2.34 Cr margin 31.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 297%
EBITDA CAGR growth
1 year
▲ 535%
Revenue rose 297% in the latest year. EBITDA rose 535% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|
| 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 | ₹2.34 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹6.94 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 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 31.1% | ||
| Net Profit Margin | 0.9% | ||
| 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 Ciphersquare Payment Solutions Private Limited, buy the company report.
Board of directors of Ciphersquare Payment Solutions Private Limited
Ciphersquare Payment Solutions has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nikhil Nayyar | Director | 13 Jun 2022 | 4 Years 5 Months | Current |
| Himanshu Chawla | Director | 03 Apr 2024 | 2 Years 7 Months | Current |
Auditor
Ciphersquare Payment Solutions Private Limited is audited by ANKUR V KUMAR & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ANKUR V KUMAR & CO. | FY 2023 | 035845N |
Shareholding
The shareholding of Ciphersquare Payment Solutions Private Limited is on record for FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Foreign institutional investors (FII) | |
| Public | |
| Others |
To see the full shareholding pattern of Ciphersquare Payment Solutions Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Ciphersquare Payment Solutions Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
Ciphersquare Payment Solutions Private Limited has 4 MSME Form 1 returns on record between 2022 and 2024, listing 24 overdue payments to 3 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 (3 of 3)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Ciphersquare Digital Private Limited | |||
| Ciphersquare Technologies LLP | |||
| Reli Associates LLP |
To see the full MSME payment records of Ciphersquare Payment Solutions Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Ciphersquare Payment Solutions Private Limited has a workforce of 3 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Employee count
3
Active EPFO establishments
1
Employee growth
-62.5%
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 3 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 |
To see the full employee and EPFO history of Ciphersquare Payment Solutions Private Limited, buy the company report.
GST
Ciphersquare Payment Solutions has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAKCC3807G1ZR | Delhi | Active | 13 Jun 2022 |
To see the full GST registrations and return filing status of Ciphersquare Payment Solutions Private Limited, buy the company report.
Recent activity
Ciphersquare Payment Solutions Private Limited has 10 board changes on record since 2022: 6 appointments and 4 cessations. The latest: Chintan Sharma ceased to be Director on 30 Aug 2025.
AGM
Ciphersquare Payment Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Ceased
Chintan Sharma ceased to be Director.
Filing
Ciphersquare Payment Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Delhi.
Appointed
Himanshu Chawla was appointed as Director.
Ceased
Nitesh Kumar Sharma ceased to be Additional Director.
Appointed
Chintan Sharma was appointed as Director.
Ceased
Krishnakumar Daga ceased to be Director.
Appointed
Nitesh Kumar Sharma was appointed as Additional Director.
Ceased
Sachidanand Pandey ceased to be Director.
Appointed
Krishnakumar Daga was appointed as Director.
Appointed
Nikhil Nayyar was appointed as Director.
Appointed
Sachidanand Pandey was appointed as Director.
1 earlier event is in the company report.
Frequently asked questions
Ciphersquare Payment Solutions is an active private limited company based in Delhi, India. The company works in digital payment solutions, within the financial services industry. It was incorporated on 13 June 2022 (4+ years old) and is registered under CIN U72900DL2022PTC399881.
Ciphersquare Payment Solutions has 2 current directors:
- Nikhil Nayyar - Director
- Himanshu Chawla - Director
The latest financial statements of Ciphersquare Payment Solutions on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2023 are in the company report.
The GSTIN of Ciphersquare Payment Solutions is 07AAKCC3807G1ZR, registered in Delhi.
The CIN (Corporate Identification Number) of Ciphersquare Payment Solutions is U72900DL2022PTC399881. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ciphersquare Payment Solutions was incorporated on 13 June 2022, making it 4+ years old. It is registered with the Registrar of Companies, Delhi.
Chintan Sharma ceased to be Director on 30 Aug 2025. Himanshu Chawla was appointed as Director on 03 Apr 2024. Nitesh Kumar Sharma ceased to be Additional Director on 03 Aug 2023. Ciphersquare Payment Solutions has 10 board changes on record in total.
Yes, Ciphersquare Payment Solutions is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Ciphersquare Payment Solutions is registered as a micro enterprise under Udyam registration (number: UDYAM-DL-11-0037612).
Ciphersquare Payment Solutions has 4 MSME Form 1 returns on record between 2022 and 2024, listing 24 overdue payments to 3 micro and small suppliers. The latest return was filed on 31 May 2024.
Ciphersquare Payment Solutions can be reached through the website cipherpay.in. Its registered office is in Delhi, India.
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