About Citrus Payment Solutions Private Limited
Data last updated:
Citrus Payment Solutions Private Limited was a private limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Citrus Payment Solutions Pte. Ltd.. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the digital payment solutions segment of the financial services sector. It was incorporated on 28 April 2011.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U74900MH2011PTC216800. The company has 2 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹36.7 Cr and a paid-up capital of ₹1.7 Cr. It was led by directors including Maneesh Goel and Jitendra Gupta.
Its last annual general meeting (AGM) was held on 25 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office was at 2nd Floor P&G Tower Cardinal Gracious Road Chakala Andheri (East), Mumbai, Maharashtra, India – 400099.
As per the financials filed for FY 2017, the company reported a revenue of ₹117.9 Cr, a growth of 34% compared to the previous year. For the same year it recorded a net loss of ₹92.57 Cr (net margin -78.5%) and EBITDA of -₹90.27 Cr (EBITDA margin -76.6%). Revenue has grown at a compounded annual rate (CAGR) of 116% over three years.
The company had about 163 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: Citrus Pay. Court records list 2 cases involving the company. The company has 15 deals on record (6 secondary share transfers, 6 funding rounds, 3 rights issues), with disclosed funding of ₹167.71 Cr; the latest was in October 2017. Its 10 peer companies in the BFSI industry (Payment Solution Providers) are compared by revenue, 5 larger and 5 smaller; the largest is Equity Capital Advisors (India) Private Limited with revenue of ₹136.19 Cr.
The last known website on record is citruspay.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address2nd Floor P&G Tower Cardinal Gracious Road Chakala Andheri (East), Mumbai, Maharashtra, India – 400099
- 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 Citrus Payment Solutions Private Limited
The main business activity of Citrus Payment Solutions is information and communication. In detail, this covers data processing, hosting and related activities; web portal.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J7 | Data processing, hosting and related activities; web portal | 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 Citrus Payment Solutions Private Limited FY 2017 filings available
Citrus Payment Solutions Private Limited reported revenue of ₹117.9 Cr (up 34% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR) of Citrus Payment Solutions Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 116% over three years, including 34% growth in the latest year. EBITDA fell 56% 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 Citrus Payment Solutions Private Limited
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• |
| Total Revenue | ₹117.9 Cr | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• |
| EBITDA | -₹90.27 Cr | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• |
| Net Profit (PAT) | -₹92.57 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 Citrus Payment Solutions Private Limited
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -76.6% | •••• | •••• |
| Net Profit Margin | -78.5% | •••• | •••• |
| 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 Citrus Payment Solutions 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 Citrus Payment Solutions Private Limited
Citrus Payment Solutions 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 |
|---|---|---|---|---|---|---|
| Equity Capital Advisors (India) Private Limited | ₹136.19 Cr (FY 2025) | •••• | •••• | 2.0% | •••• | Mumbai, Maharashtra, India |
| Shadval Pay Private Limited | ₹128.66 Cr (FY 2025) | •••• | •••• | 8506.0% | •••• | Delhi, India |
| Concerto Software & Systems Private Limited | ₹121.02 Cr (FY 2025) | •••• | •••• | 10.0% | •••• | Thane, Maharashtra, India |
| Spay Technology Private Limited | ₹120.2 Cr (FY 2024) | •••• | •••• | -19.0% | •••• | New Delhi, Delhi, India |
| Instant Mudra Technologies Private Limited | ₹119.34 Cr (FY 2024) | •••• | •••• | 409.0% | •••• | Navi Mumbai, Maharashtra, India |
| Citrus Payment Solutions Private Limited this company | ₹117.9 Cr (FY 2017) | •••• | •••• | 34.0% | •••• | Mumbai, Maharashtra, India |
| Instant Global Paytech Private Limited | ₹117.89 Cr (FY 2025) | •••• | •••• | 20.0% | •••• | Mumbai, Maharashtra, India |
| RZPX Private Limited | ₹115.58 Cr (FY 2025) | •••• | •••• | 2.0% | •••• | Bangalore, Karnataka, India |
| Paramotor Digital Technology Limited | ₹112.33 Cr (FY 2025) | •••• | •••• | 232.0% | •••• | Mumbai, Maharashtra, India |
| Digital Payments Processing Limited | ₹111.47 Cr (FY 2018) | •••• | •••• | -84.0% | •••• | Mumbai, Maharashtra, India |
| Payswiff Technologies Private Limited | ₹110.87 Cr (FY 2025) | •••• | •••• | -18.0% | •••• | Hyderabad, Telangana, India |
Peers are the five companies nearest above and the five nearest below Citrus Payment Solutions 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 Citrus Payment Solutions Private Limited
Citrus Payment Solutions Private Limited is audited by PRICE WATERHOUSE CHARTERED ACCOUNTANTS LLP for the financial year 2017.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| PRICE WATERHOUSE CHARTERED ACCOUNTANTS 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 Citrus Payment Solutions Private Limited
Citrus Payment Solutions has 3 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Maneesh Goel Also directs: Solvy Tech Solutions Private Limited | Director | 29 May 2017 | 9 Years 4 Months | As last reported |
| Jitendra Gupta Also directs: Amica Investment Advisers Private Limited, Amica Finance Private Limited, Amica Insurance Brokers Private Limited and 5 more | Director | 28 Apr 2011 | 15 Years 5 Months | As last reported |
| Bairavarasu Amrish Rau Also directs: Pine Labs Limited. | Director | 08 Jul 2014 | 12 Years 3 Months | As last reported |
Ownership and Shareholding of Citrus Payment Solutions 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 Citrus Payment Solutions Private Limited
Citrus Payment Solutions Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding of Citrus Payment Solutions Private Limited
Citrus Payment Solutions Private Limited has 15 deals on record (6 secondary share transfers, 6 funding rounds, 3 rights issues), with disclosed funding of ₹167.71 Cr; the latest was in October 2017.
Deals on record (5 of 15)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2017 | Rights issue | ₹15 Cr | Investors: Payu Payments Private Limited |
| Jun 2017 | Rights issue | ₹15 Cr | Investors: Payu Payments Private Limited |
| May 2017 | Funding round · Series F | ₹5 Cr | Investors: Payu Payments Private Limited |
| May 2017 | Secondary share transfer | Undisclosed | Buyer: Payu Payments Private Limited Seller: White Pay Private Limited , Prosus (Naspers), 2 individuals |
| May 2017 | Secondary share transfer | Undisclosed | Buyer: Citrus Payment Solution Pte Ltd, White Pay Private Limited Seller: White Pay Private Limited , Citrus Payment Solution Pte Ltd |
Full deal history
All 15 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.
Legal Cases of Citrus Payment Solutions Private Limited
Citrus Payment Solutions Private Limited has 2 court cases on record: 2 where it is another party. All cases are disposed. Status as checked on 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU RURAL, Karnataka | Court case (Com.O.S.) | Company is another party | Disposed |
| District court, BENGALURU RURAL, Karnataka | Civil suit | Company is another party | Disposed |
Full case history
All 2 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 Citrus Payment Solutions Private Limited
Citrus Payment Solutions operates one associated brand: Citrus Pay. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Online payment app for consumers and businesses | citruspay.com |
Employees and EPFO Compliance at Citrus Payment Solutions Private Limited
Citrus Payment Solutions Private Limited has a workforce of 163 employees as of Apr 06, 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.
News related to Citrus Payment Solutions Private Limited
Recent Activity on Citrus Payment Solutions Private Limited
Citrus Payment Solutions Private Limited has 10 board changes on record since 2011: 3 appointments and 7 cessations. The latest: Maneesh Goel ceased to be Additional Director on 25 Sep 2017.
1 earlier event is listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Citrus Payment Solutions 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 Citrus Payment Solutions 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 Citrus Payment Solutions 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 Citrus Payment Solutions Private Limited
Citrus Payment Solutions 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 Citrus Payment Solutions 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 Citrus Payment Solutions Private Limited
Citrus Payment Solutions has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Citrus Payment Solutions was a private limited company based in Mumbai, Maharashtra, India. The company worked in digital payment solutions, within the financial services industry. It was incorporated on 28 April 2011 and is registered under CIN U74900MH2011PTC216800. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Citrus Payment Solutions was incorporated on 28 April 2011. It is registered with the Registrar of Companies, Mumbai.
Citrus Payment Solutions had 3 directors:
- Maneesh Goel - Director
- Jitendra Gupta - Director
- Bairavarasu Amrish Rau - Director
The CIN (Corporate Identification Number) of Citrus Payment Solutions is U74900MH2011PTC216800. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Citrus Payment Solutions is at 2nd Floor P&G Tower Cardinal Gracious Road Chakala Andheri East, Mumbai, Maharashtra, India – 400099.
Citrus Payment Solutions can be reached through the website citruspay.com. Its registered office is in Mumbai, Maharashtra, India.
Citrus Payment Solutions reported revenue of ₹117.9 Cr for FY 2017 (up 34% YoY).
Citrus Payment Solutions has an authorised share capital of ₹36.7 Cr and a paid-up capital of ₹1.7 Cr.
Citrus Payment Solutions reported a net loss of ₹92.57 Cr (net margin -78.5%) and EBITDA of -₹90.27 Cr (EBITDA margin -76.6%) for FY 2017, as per its filed financial statements.
No. Citrus Payment Solutions has 2 GST registrations on record and all of them are cancelled or inactive.