India's Richest People 2026 edition · 1 director · Source: Hurun India
- #416 Kunal Naresh Shah ₹8,900 Cr
Dreamplug Paytech Solutions Private Limited
Dreamplug Paytech Solutions Private Limited - financial services in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Active Private Limited Company financial services
Revenue · FY 2024
₹1,072.32 Cr
▲ 115% YoY
Net loss · FY 2024
₹8.4 Cr
Net margin -0.8%
EBITDA · FY 2024
-₹9.02 Cr
EBITDA margin -0.8%
Authorised capital
₹66 Cr
Registered with MCA
Paid-up capital
₹66 Cr
Issued & subscribed
Open charges
₹1,200 Cr
Secured borrowings
Company age
5 yrs
Est. 2021
Employees · EPFO
17
Provident fund records
About Dreamplug Paytech Solutions Private Limited
Data last updated:
Dreamplug Paytech Solutions Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Dreamplug Technologies Private Limited. It operates in the online payment gateways segment of the financial services sector. It was incorporated on 24 March 2021 and has been in existence for over 5 years.
Its director Kunal Naresh Shah is #416 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72900MH2021PTC357814. Its GSTIN is 29AAICD4071B1ZU (Karnataka).
The company has an authorised share capital of ₹66 Cr and a paid-up capital of ₹66 Cr. It is led by directors including Rohan Shah Naresh and Kunal Naresh Shah.
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 404 Uphar II Chsl Plot No. 5 Bhd Sanjeeva Enclave 7 Bunglows Andheri West, Mumbai, Maharashtra, India – 400061.
As per the financials filed for FY 2024, the company reported a revenue of ₹1,072.32 Cr, a growth of 115% compared to the previous year. For the same year it recorded a net loss of ₹8.4 Cr (net margin -0.8%) and EBITDA of -₹9.02 Cr (EBITDA margin -0.8%).
The company has about 17 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: CRED. As per MCA filings, the company has open charges of ₹1,200 Cr on record. Court records list 22 cases involving the company, including 18 filed by the company and 4 filed against it; 16 cases are pending. The company has 2 deals on record (1 rights issue, 1 acquisition); the latest was in July 2025. Its 3 peer companies in the BFSI industry (Payment Gateways), with the same principal business activity (other financial activities) are compared by revenue, 2 larger and 1 smaller; the largest is Paytm Payments Services Limited with revenue of ₹1,192.6 Cr.
Company details
CIN U72900MH2021PTC357814
Registration Number 357814
Incorporation Date 24 March 2021
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Parent Company Dreamplug Technologies Private Limited
Recognitions & Rankings of Dreamplug Paytech Solutions
Contact details
Dreamplug Paytech Solutions Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address404 Uphar II Chsl Plot No. 5 Bhd Sanjeeva Enclave 7 Bunglows Andheri West, Mumbai, Maharashtra, India – 400061
- IndustryFinancial Services, Online Payment Gateways
To see the full contact details of Dreamplug Paytech Solutions Private Limited, buy the company report.
Comprehensive company report
Dreamplug Paytech 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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Business activity
The main business activity of Dreamplug Paytech 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 Dreamplug Paytech Solutions Private Limited, buy the company report.
Financials of Dreamplug Paytech Solutions Private Limited
FY 2024 filings availableDreamplug Paytech Solutions Private Limited reported revenue of ₹1,072.32 Cr (up 115% YoY) for FY 2024.
Revenue · FY 2024
₹1,072.32 Cr ▲ 115%
Net loss · FY 2024
₹8.4 Cr margin -0.8%
EBITDA · FY 2024
-₹9.02 Cr margin -0.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 115%
EBITDA CAGR growth
1 year
▼ 138%
Revenue rose 115% in the latest year. EBITDA fell 138% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | 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 | -₹9.02 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹8.4 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -0.8% | |||
| Net Profit Margin | -0.8% | |||
| 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 Dreamplug Paytech Solutions Private Limited, buy the company report.
Board of directors of Dreamplug Paytech Solutions Private Limited
Dreamplug Paytech Solutions has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rohan Shah Naresh Also directs: Qed Innovation Labs LLP, Pociho Innovations LLP, Dreampurse Technologies Private Limited and 5 more | Director | 24 Mar 2021 | 5 Years 7 Months | Current |
| Kunal Naresh Shah Also directs: Qed Innovation Labs LLP, Pociho Innovations LLP, Syrma SGS Technology Limited and 5 more | Director | 24 Mar 2021 | 5 Years 7 Months | Current |
| Narasimha Vasanth | Director | 24 Feb 2023 | 3 Years 8 Months | Current |
Peer comparison
Dreamplug Paytech Solutions Private Limited is compared with the 3 companies closest to it by revenue in the BFSI industry (Payment Gateways), with the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Paytm Payments Services Limited | ₹1,192.6 Cr (FY 2025) | -48.0% | Delhi, India | |||
| First Data (India) Private Limited | ₹1,122.15 Cr (FY 2025) | 12.0% | Mumbai, Maharashtra, India | |||
| Dreamplug Paytech Solutions Private Limitedthis company | ₹1,072.32 Cr (FY 2024) | -₹8.4 Cr | -0.8% | 115.0% | 17 | Mumbai, Maharashtra, India |
| Rapipay Fintech Private Limited | ₹360.03 Cr (FY 2025) | -16.0% | New Delhi, Delhi, India |
To see the full peer comparison of Dreamplug Paytech Solutions Private Limited, buy the company report.
Auditor
Dreamplug Paytech Solutions Private Limited is audited by Deloitte Haskins & Sells for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Deloitte Haskins & Sells | FY 2023 | 008072S |
Shareholding
The shareholding of Dreamplug Paytech Solutions Private Limited is on record for FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Foreign institutional investors (FII) | |
| Public | |
| Others |
To see the full shareholding pattern of Dreamplug Paytech Solutions Private Limited, buy the company report.
Charges & borrowings
Open charges
₹1,200 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Sep 2024 | 100985228 | Axis Bank Limited | ₹1,200 Cr | Open |
Total charge records: 1 View all charges
Deals & funding
Dreamplug Paytech Solutions Private Limited has 2 deals on record (1 rights issue, 1 acquisition); the latest was in July 2025.
Total deals
2
Rights issue
1
Acquisition
1
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2025 | Rights issue | ₹14 Cr | Investors: Dreamplug Technologies Private Limited |
| Mar 2021 | Acquisition | ₹45 Cr | Buyer: Dreamplug Technologies Private Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Dreamplug Paytech Solutions Private Limited has 22 court cases on record: 18 filed by Dreamplug Paytech Solutions, 4 filed against it. 16 cases are pending and 6 are disposed.
Total cases
22
Filed by the company
18
Filed against the company
4
Pending
16
Disposed
6
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 19 | 4 | 14 |
| District courts | 3 | 0 | 2 |
Cases on record (5 of 22)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Banswara, Rajasthan | Revision petition | Filed by the company against an individual | Pending |
| High Court of Gujarat | Court case (SCR.A) | Filed by the company against State of Gujarat | Pending |
| Madras High Court | Court case (CRL RC) | Filed by the company against The State Rep by the Inspector of Police | Pending |
| Madras High Court | Court case (CRL MP) | Filed by the company against The State Rep by the Inspector of Police | Pending |
| High Court of Rajasthan | Writ petition | Filed against the company | Pending |
To see the full case history of Dreamplug Paytech Solutions 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
No delayed payments to MSME suppliers are on our record for Dreamplug Paytech Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Dreamplug Paytech Solutions Private Limited has a workforce of 17 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
Employee count
17
Active EPFO establishments
1
Employee growth
-10.53%
GST
Dreamplug Paytech Solutions has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAICD4071B1ZU | Karnataka | Active | 24 Nov 2021 |
To see the full GST registrations and return filing status of Dreamplug Paytech Solutions Private Limited, buy the company report.
Recent activity
Dreamplug Paytech Solutions Private Limited has 5 board changes on record since 2021: 4 appointments and 1 cessation. The latest: Vinay Baijal ceased to be Director on 07 Sep 2024.
AGM
Dreamplug Paytech Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Charges
A charge with Axis Bank Limited amounted to Rs. 1,200.00 Cr with Charge ID 100985228 was registered on 24 Sep 2024.
Ceased
Vinay Baijal ceased to be Director.
Filing
Dreamplug Paytech Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai I.
Appointed
Narasimha Vasanth was appointed as Director.
Appointed
Vinay Baijal was appointed as Director.
Appointed
Kunal Naresh Shah was appointed as Director.
Appointed
Rohan Shah Naresh was appointed as Director.
Incorporation
24 Mar 2021
Dreamplug Paytech Solutions Private Limited was registered on 24 Mar 2021 with Roc Mumbai I & aged 5 years 7 months as per MCA records.
Frequently asked questions
Dreamplug Paytech Solutions is an active private limited company based in Mumbai, Maharashtra, India. The company works in online payment gateways, within the financial services industry. It was incorporated on 24 March 2021 (5+ years old) and is registered under CIN U72900MH2021PTC357814.
Dreamplug Paytech Solutions has 3 current directors:
- Rohan Shah Naresh - Director
- Kunal Naresh Shah - Director
- Narasimha Vasanth - Director
The latest financial statements of Dreamplug Paytech Solutions 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 FY 2021 are in the company report.
The GSTIN of Dreamplug Paytech Solutions is 29AAICD4071B1ZU, registered in Karnataka.
The CIN (Corporate Identification Number) of Dreamplug Paytech Solutions is U72900MH2021PTC357814. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Dreamplug Paytech Solutions has 22 court cases on record: 18 filed by the company and 4 filed against it. 16 are pending. Most are in the high courts.
Dreamplug Paytech Solutions was incorporated on 24 March 2021, making it 5+ years old. It is registered with the Registrar of Companies, Mumbai.
Dreamplug Paytech Solutions has 2 deals on record (1 rights issue, 1 acquisition); the latest was in July 2025.
The peers of Dreamplug Paytech Solutions by revenue are Paytm Payments Services Limited, First Data (India) Private Limited, Rapipay Fintech Private Limited, all in the BFSI industry (Payment Gateways), with the same principal business activity (other financial activities).
Vinay Baijal ceased to be Director on 07 Sep 2024. Narasimha Vasanth was appointed as Director on 24 Feb 2023. Vinay Baijal was appointed as Director on 08 Sep 2021. Dreamplug Paytech Solutions has 5 board changes on record in total.
The registered office of Dreamplug Paytech Solutions is at 404 Uphar II Chsl Plot No. 5 Bhd Sanjeeva Enclave 7 Bunglows Andheri West, Mumbai, Maharashtra, India – 400061.
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