Dreamplug Technologies Private Limited

Dreamplug Technologies Private Limited - financial services in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN U93090MH2018PTC308253 Incorporated 19 April 2018 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Private Limited Company financial services India's Most Valuable
Data last updated
Revenue · FY 2024
₹2,473.39 Cr
▲ 67% YoY
Net loss · FY 2024
₹1,645.63 Cr
Net margin -66.5%
EBITDA · FY 2024
-₹1,565.57 Cr
EBITDA margin -63.3%
Authorised capital
₹30.82 Cr
Registered with MCA
Paid-up capital
₹25.89 Cr
Issued & subscribed
Open charges
₹470 Cr
Satisfied ₹108.5 Cr
Company age
8 yrs
Est. 2018
Employees · EPFO
950
Provident fund records

About Dreamplug Technologies Private Limited

Data last updated:

Dreamplug Technologies Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the online payment gateways segment of the financial services sector. It was incorporated on 19 April 2018 and has been in existence for over 8 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 U93090MH2018PTC308253. Its GSTIN is 27AAGCD6555Q1C7 (Maharashtra). The company holds 35 GST registrations, all of them active.

The company has an authorised share capital of ₹30.82 Cr and a paid-up capital of ₹25.89 Cr. It is led by directors including Kunal Naresh Shah (Whole-Time Director) and Meyer Malka.

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 Chs Ltd Plot No.5 Bhd Sanjeeva Encl 7 Bunglows Near Juhucircle, Mumbai, Maharashtra, India – 400061.

As per the financials filed for FY 2024, the company reported a revenue of ₹2,473.39 Cr, a growth of 67% compared to the previous year. For the same year it recorded a net loss of ₹1,645.63 Cr (net margin -66.5%) and EBITDA of -₹1,565.57 Cr (EBITDA margin -63.3%). Revenue has grown at a compounded annual rate (CAGR) of 196% over three years and 282% over five years.

The company has about 950 employees on its provident fund (EPFO) records. Its group structure includes 4 subsidiaries.

The company is associated with 2 brands: CRED and Happay. As per MCA filings, the company has open charges of ₹470 Cr and satisfied charges of ₹108.5 Cr on record. Court records list 21 cases involving the company, including 2 filed by the company and 19 filed against it; 11 cases are pending. The company has 20 deals on record (13 funding rounds, 4 secondary share transfers, 2 acquisitions), with disclosed funding of ₹16,987 Cr; the latest was in June 2026. The company has 7 MSME Form 1 returns on record between 2019 and 2024, listing 127 overdue payments to 44 micro and small suppliers.

For more details, the company can be reached via its website cred.club.

Company details

CIN U93090MH2018PTC308253
Registration Number 308253
Incorporation Date 19 April 2018
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Key People
Kunal Naresh Shah Whole-Time Director Meyer Malka Director Rohan Shah Naresh Director

Recognitions & Rankings of Dreamplug Technologies

India's Most Valuable Companies 2025 edition · Source: Hurun India
Valuation
₹33,180 Cr
2024 #178 2023 #93 2022 #77
India's Richest People 2026 edition · 1 director · Source: Hurun India

Contact details

Dreamplug Technologies Private Limited's registered office is in Mumbai, Maharashtra. Its website is cred.club. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    cred.club
  • Registered Address
    404 Uphar II Chs Ltd Plot No.5 Bhd Sanjeeva Encl 7 Bunglows Near Juhucircle, Mumbai, Maharashtra, India – 400061
  • Industry
    Financial Services, Online Payment Gateways

To see the full contact details of Dreamplug Technologies Private Limited, buy the company report.

Comprehensive company report
Dreamplug Technologies 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Brands

Dreamplug Technologies operates two associated brands: CRED and Happay. Each brand links to its own profile.

BrandDescriptionWebsite
CRED
CRED is operated as a members-only financial rewards club.cred.club
Happay
Expense management software and corporate cards are offered to businesses.happay.com

Business activity

The main business activity of Dreamplug Technologies is information and communication. In detail, this covers other information & communication service activities.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
JInformation and communicationJ8Other information & communication service activities

To see the full business activity and turnover split of Dreamplug Technologies Private Limited, buy the company report.

Financials of Dreamplug Technologies Private Limited

FY 2024 filings available

Dreamplug Technologies Private Limited reported revenue of ₹2,473.39 Cr (up 67% YoY) for FY 2024.

Revenue · FY 2024
₹2,473.39 Cr ▲ 67%
Net loss · FY 2024
₹1,645.63 Cr margin -66.5%
EBITDA · FY 2024
-₹1,565.57 Cr margin -63.3%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 67%
3 years · compounded
▲ 196%
5 years · compounded
▲ 282%
EBITDA CAGR growth
1 year
▼ 22%
3 years · compounded
▼ 45%
5 years · compounded
▼ 92%

Revenue has grown at a compounded annual rate (CAGR) of 282% over five years, including 67% growth in the latest year. EBITDA fell 22% 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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
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-₹1,565.57 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)-₹1,645.63 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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Profitability
EBITDA Margin-63.3%
Net Profit Margin-66.5%
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

To see the full financial statements and ratios of Dreamplug Technologies Private Limited, buy the company report.

Board of directors of Dreamplug Technologies Private Limited

Dreamplug Technologies has 4 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Kunal Naresh Shah
Also directs: Syrma SGS Technology Limited, Qed Innovation Labs LLP, Pociho Innovations LLP and 5 more
Whole-Time Director19 Apr 20188 Years 6 MonthsCurrent
Meyer MalkaDirector22 Feb 20197 Years 8 MonthsCurrent
Rohan Shah Naresh
Also directs: Qed Innovation Labs LLP, Pociho Innovations LLP, Dreampurse Technologies Private Limited and 5 more
Director19 Apr 20188 Years 6 MonthsCurrent
Sandeep Tandon
Also directs: Whiteboard Capital Advisors LLP, Welltime Trading and Services LLP, Syrma SGS Technology Limited and 5 more
Nominee Director19 Nov 20187 Years 11 MonthsCurrent
View all directors

Auditor

Dreamplug Technologies Private Limited is audited by Deloitte Haskins & Sells Chennai for the financial year 2023.

Auditor firmFinancial yearFirm registration number
Deloitte Haskins & Sells ChennaiFY 2023008072S

Shareholding

The shareholding of Dreamplug Technologies Private Limited is on record for 4 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2022FY 2021FY 2020FY 2019
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Dreamplug Technologies Private Limited, buy the company report.

Charges & borrowings

Open charges
₹470 Cr
Satisfied charges
₹108.5 Cr
Breakdown by lending institutions
Standard Chartered Bank₹400.00 Cr
Others₹70.00 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
10 Jan 2025101041326Standard Chartered Bank₹400 CrOpen
11 Apr 2023100711191Others₹20 CrOpen
24 Nov 2022100654912Others₹20 CrOpen
25 Jan 2022100534679Others₹30 CrOpen
11 Oct 2022100619651Others₹20 CrSatisfied

To see the full charge records of Dreamplug Technologies Private Limited, buy the company report.

Total charge records: 7 View all charges

Deals & funding

Dreamplug Technologies Private Limited has 20 deals on record (13 funding rounds, 4 secondary share transfers, 2 acquisitions), with disclosed funding of ₹16,987 Cr; the latest was in June 2026.

Total deals
20
Funding rounds
13
Secondary share transfers
4
Acquisitions
2
Rights issue
1
Disclosed funding
₹16,987 Cr

Deals on record (5 of 20)

WhenDealAmountParties
Oct 2024Funding round₹6.63 CrInvestors: Spenny Pte Limited
Mar 2023Secondary share transferUndisclosedBuyer: GIC Singapore, Sofina, Tiger Global
Seller: Prime Venture Partners, Dreamplug Technologies Private Limited- ESOP, Axiom Asia Private Capital, an individual
Mar 2022Secondary share transferUndisclosedBuyer: Alpha Wave Global
Seller: Altara Ventures, Mission Holdings Private Limited
Sep 2021Secondary share transferUndisclosedBuyer: Dream Duo LLP
Seller: an individual
Sep 2018Funding round · Series A₹177.8 CrInvestors: Peak XV Partners (Sequoia India and SEA), Ribbit Capital, DST Global Investments

To see the full deal history of Dreamplug Technologies Private Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

Dreamplug Technologies Private Limited has 7 MSME Form 1 returns on record between 2019 and 2024, listing 127 overdue payments to 44 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 (5 of 44)

SupplierAmount dueDue sinceReported on
Nextiva International India Private Limited
Csi Global Private Limited
Blumuslin Services Private Limited
Zenith Drinks Private Limited
Allied Electronics and Magnetics Private Limited

To see the full MSME payment records of Dreamplug Technologies Private Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Group structure & subsidiaries

Dreamplug Technologies has 4 subsidiary companies and 1 associated company. This group structure data is as of FY 2022. The table lists each entity with its relationship and holding.

4
Subsidiary companies
1
Associated companies
Key subsidiaries
Company NameCINShares held
Dreampurse Technologies Private LimitedU55101TN2015PTC099325
Dreamplug Paytech Solutions Private LimitedU72900MH2021PTC357814
Dreamplug AA Tech Solutions Private LimitedU74110MH2020PTC336084
Dreamplug Advisory Solutions Private LimitedU74999MH2020PTC335635

To see the full group structure of Dreamplug Technologies Private Limited, buy the company report.

Employees & EPFO

Dreamplug Technologies Private Limited has a workforce of 950 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.

Employee count
950
Active EPFO establishments
1
Employee growth
16%

GST

Dreamplug Technologies has 35 GST registrations: 35 active. The first 4 active GSTINs are listed below.

Total GSTINs
35
Active
35
GSTINStateStatusRegistered on
27AAGCD6555Q1C7MaharashtraActive14 Sep 2020
29AAGCD6555Q1ZSKarnatakaActive11 Jul 2018
22AAGCD6555Q1CHChhattisgarhActive01 Sep 2020
06AAGCD6555Q1CBHaryanaActive04 Sep 2020

To see the full GST registrations and return filing status of Dreamplug Technologies Private Limited, buy the company report.

Recent activity

Dreamplug Technologies Private Limited has 6 board changes on record since 2018: 4 appointments and 2 cessations. The latest: Balasubramanyam Sriram ceased to be Director on 27 Jun 2025.

Ceased
Balasubramanyam Sriram ceased to be Director.
Charges
A charge registered on 11 Oct 2022 via Charge ID 100619651 with Others was fully satisfied on 28 Apr 2025.
Charges
A charge with Standard Chartered Bank amounted to Rs. 400.00 Cr with Charge ID 101041326 was registered on 10 Jan 2025.
AGM
Dreamplug Technologies Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Ceased
Kunal Naresh Shah ceased to be Director.
Filing
Dreamplug Technologies Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Charges
A charge with Others amounted to Rs. 20.00 Cr with Charge ID 100711191 was registered on 11 Apr 2023.
Charges
A charge with Others amounted to Rs. 20.00 Cr with Charge ID 100654912 was registered on 24 Nov 2022.
Charges
A charge with Others amounted to Rs. 20.00 Cr with Charge ID 100619651 was registered on 11 Oct 2022.
Charges
A charge with Others of Rs. 30.00 Cr registered on 25 Jan 2022 with Charge ID 100534679 was modified on 31 Mar 2022.
Charges
A charge with Others amounted to Rs. 30.00 Cr with Charge ID 100534679 was registered on 25 Jan 2022.
Charges
A charge registered on 19 Nov 2020 via Charge ID 100408421 with Hdfc Bank Limited was fully satisfied on 02 Sep 2021.

9 earlier events are in the company report.

News

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Frequently asked questions

Dreamplug Technologies 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 19 April 2018 (8+ years old) and is registered under CIN U93090MH2018PTC308253.

Dreamplug Technologies has 4 current directors:

The latest financial statements of Dreamplug Technologies 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 2019 are in the company report.

The GSTIN of Dreamplug Technologies is 27AAGCD6555Q1C7, registered in Maharashtra. The company has 35 GST registrations in all, of which 35 are active. Other active GSTINs include 29AAGCD6555Q1ZS (Karnataka), 22AAGCD6555Q1CH (Chhattisgarh), 06AAGCD6555Q1CB (Haryana).

The CIN (Corporate Identification Number) of Dreamplug Technologies is U93090MH2018PTC308253. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Dreamplug Technologies has 21 court cases on record: 2 filed by the company and 19 filed against it. 11 are pending. Most are in the district courts.

Dreamplug Technologies was incorporated on 19 April 2018, making it 8+ years old. It is registered with the Registrar of Companies, Mumbai.

Dreamplug Technologies has 20 deals on record (13 funding rounds, 4 secondary share transfers, 2 acquisitions), with disclosed funding of ₹16,987 Cr; the latest was in June 2026.

Balasubramanyam Sriram ceased to be Director on 27 Jun 2025. Kunal Naresh Shah ceased to be Director on 23 Jul 2024. Meyer Malka was appointed as Director on 22 Feb 2019. Dreamplug Technologies has 6 board changes on record in total.

Dreamplug Technologies has 7 MSME Form 1 returns on record between 2019 and 2024, listing 127 overdue payments to 44 micro and small suppliers. The latest return was filed on 14 May 2024.

Dreamplug Technologies can be reached through the website cred.club. Its registered office is in Mumbai, Maharashtra, India.