Digital Payments Processing Limited
About Digital Payments Processing Limited
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Digital Payments Processing Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Money On Mobile Inc.. It operates in the digital payment solutions segment of the financial services sector. It was incorporated on 16 February 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74120MH2012PLC227020. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹5.57 Cr. It is led by directors including Harold Hench Montgomery and Scott Shiao Arey.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Mom House Plot No. 61 Ramchandra Lane Kanchpada Malad (West), Mumbai, Maharashtra, India – 400064.
As per the financials filed for FY 2018, the company reported a revenue of ₹111.47 Cr, a decline of 84% compared to the previous year. For the same year it recorded a net loss of ₹17.61 Cr (net margin -15.8%) and EBITDA of -₹13.72 Cr (EBITDA margin -12.3%).
The company has about 264 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Money On Mobile. Court records list 10 cases involving the company, including 10 filed against it; 1 case is pending. The company has 18 deals on record (9 funding rounds, 7 secondary share transfers, 2 rights issues), with disclosed funding of ₹76.78 Cr; the latest was in December 2018.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Contact details
Digital Payments Processing Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered AddressMom House Plot No. 61 Ramchandra Lane Kanchpada Malad (West), Mumbai, Maharashtra, India – 400064
- IndustryFinancial Services, Digital Payment Solutions
To see the full contact details of Digital Payments Processing 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
Brands
Digital Payments Processing operates one associated brand: Money On Mobile. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Mobile bill payment platform is offered for recharges and transactions. | moneyonmobile.store |
Business activity
The main business activity of Digital Payments Processing is information and communication. In detail, this covers other information & communication service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Digital Payments Processing Limited, buy the company report.
Financials of Digital Payments Processing Limited
FY 2024 filings availableDigital Payments Processing Limited reported revenue of ₹111.47 Cr (down 84% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue fell 84% in the latest year. EBITDA rose 11% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ₹111.47 Cr | |||
| Other Income | ||||
| Total Revenue | ||||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹13.72 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹17.61 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 | ||||
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| Total Assets | ||||
Financial Ratios
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -12.3% | |||
| Net Profit Margin | -15.8% | |||
| 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 Digital Payments Processing Limited, buy the company report.
Board of directors of Digital Payments Processing Limited
Digital Payments Processing has 5 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Harold Hench Montgomery Also directs: My Mobile Payments Limited, Momt India Private Limited | Director | 12 Mar 2012 | 14 Years 7 Months | Current |
| Scott Shiao Arey | Director | 03 Jun 2015 | 11 Years 4 Months | Current |
| Pallavi Parihar Also directs: My Mobile Payments Limited, Gallard Steel Limited | Director | 25 Sep 2017 | 9 Years 1 Months | Current |
| Mohamed Siddique Ibrahim Lakdawala Also directs: Fromm Packaging Systems India Private Limited | Additional Director | 28 Dec 2018 | 7 Years 10 Months | Current |
| Rajat Kumar Sharma Also directs: Happy Insurance Tpa Services Private Limited, My Mobile Payments Limited, Wyzitech India Private Limited and 1 more | Director | 16 Feb 2012 | 14 Years 8 Months | Current |
Auditor
Digital Payments Processing Limited is audited by CHATURVEDI & SHAH for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| CHATURVEDI & SHAH | FY 2018 | 101720W |
Shareholding
The shareholding of Digital Payments Processing Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Digital Payments Processing Limited, buy the company report.
Deals & funding
Digital Payments Processing Limited has 18 deals on record (9 funding rounds, 7 secondary share transfers, 2 rights issues), with disclosed funding of ₹76.78 Cr; the latest was in December 2018.
Deals on record (5 of 18)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2018 | Secondary share transfer | Undisclosed | Buyer: SVR Retail Private Limited Seller: an individual |
| Jul 2018 | Secondary share transfer | Undisclosed | Buyer: SVR Retail Private Limited Seller: an individual |
| Apr 2018 | Secondary share transfer | Undisclosed | Buyer: SVR Retail Private Limited Seller: an individual |
| Dec 2017 | Secondary share transfer | Undisclosed | Buyer: SVR Retail Private Limited Seller: an individual |
| Jun 2017 | Secondary share transfer | Undisclosed | Buyer: SVR Retail Private Limited Seller: an individual |
To see the full deal history of Digital Payments Processing Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Digital Payments Processing Limited has 10 court cases on record: 10 filed against it. 1 case is pending and 9 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 6 | 6 | 0 |
| District courts | 3 | 3 | 1 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed against the company by My Mobile Payments Ltd. | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Private cases SS) | Filed against the company by an individual | Pending |
| High Court, MAHARASHTRA | Court case (APP) | Filed against the company by Li Digital Payment Private Limited | Disposed |
| High Court, MAHARASHTRA | Court case (NMA) | Filed against the company by Li Digital Payment Private Limited | Disposed |
| Supreme Court | Court case (1101-Arbitration Matters : Arbitration Petitions under Section 11 of Arbitration & Conciliation Act, 1996) | Filed against the company by individuals | Disposed |
To see the full case history of Digital Payments Processing 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
No delayed payments to MSME suppliers are on our record for Digital Payments Processing Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Digital Payments Processing Limited has a workforce of 264 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
Digital Payments Processing has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Digital Payments Processing Limited, buy the company report.
Recent activity
Digital Payments Processing Limited has 14 board changes on record since 2012: 5 appointments and 9 cessations. The latest: Harold Hench Montgomery ceased to be Director on 01 Jun 2020.
5 earlier events are in the company report.
Frequently asked questions
Digital Payments Processing is an active public limited company based in Mumbai, Maharashtra, India. The company works in digital payment solutions, within the financial services industry. It was incorporated on 16 February 2012 (14+ years old) and is registered under CIN U74120MH2012PLC227020.
Digital Payments Processing has 5 current directors:
- Harold Hench Montgomery - Director
- Scott Shiao Arey - Director
- Pallavi Parihar - Director
- Mohamed Siddique Ibrahim Lakdawala - Additional Director
- Rajat Kumar Sharma - Director
The latest financial statements of Digital Payments Processing on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
No. Digital Payments Processing has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Digital Payments Processing is U74120MH2012PLC227020. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Digital Payments Processing has 10 court cases on record: 10 filed against it. 1 is pending. Most are in the high courts.
Digital Payments Processing was incorporated on 16 February 2012, making it 14+ years old. It is registered with the Registrar of Companies, Mumbai.
Digital Payments Processing has 18 deals on record (9 funding rounds, 7 secondary share transfers, 2 rights issues), with disclosed funding of ₹76.78 Cr; the latest was in December 2018.
Harold Hench Montgomery ceased to be Director on 01 Jun 2020. Scott Shiao Arey ceased to be Director on 23 May 2020. Mohamed Siddique Ibrahim Lakdawala ceased to be Additional Director on 11 Mar 2019. Digital Payments Processing has 14 board changes on record in total.
The registered office of Digital Payments Processing is at Mom House Plot No. 61 Ramchandra Lane Kanchpada Malad West, Mumbai, Maharashtra, India – 400064.