About Essecom Private Limited
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Essecom Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Ascendum Solutions India Private Limited. It operates in the online payment gateways segment of the financial services sector. It was incorporated on 25 May 2001 and has been in existence for over 25 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2001PTC029062. Its GSTIN is 29AAACE9745M1ZZ (Karnataka).
The company has an authorised share capital of ₹1.65 Cr and a paid-up capital of ₹1.19 Cr. It is led by directors Shoba Lakshmi Balasubramanian and Krishnaswami Sambasivan.
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 Bangalore, Karnataka.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.5 Lakh, a decline of 79% compared to the previous year. For the same year it recorded a net profit of ₹1.17 Lakh (net margin 78%) and EBITDA of ₹1.17 Lakh (EBITDA margin 78%). Revenue has declined at a compounded annual rate (CAGR) of 44% over three years and 41% over five years.
The company is associated with 1 brand: Essecom. As per MCA filings, the company has satisfied charges of ₹3.42 Cr on record. Court records list 1 case involving the company, including 1 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website merchant.essecom.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address2nd Floor Plot No.170 171 172 Epip Industrial Area Phase – 2 Whitefie, Ld Road, Bangalore, Karnataka, India – 560066
- IndustryFinancial Services, Online Payment Gateways
- 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 Essecom Private Limited
The main business activity of Essecom is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities | 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 Essecom Private Limited FY 2024 filings available
Essecom Private Limited reported revenue of ₹1.5 Lakh (down 79% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Essecom Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 41% over five years, including a 79% fall in the latest year. EBITDA fell 83% 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 Essecom Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 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 | ₹1.17 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.17 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 of Essecom Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 78% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 78% | •••• | •••• | •••• | •••• |
| 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 Essecom 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 Essecom Private Limited
Essecom Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Payment Gateways). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Yeldi Softcom Private Limited | ₹2.3 Lakh (FY 2024) | •••• | •••• | •••• | Chennai, Tamil Nadu, India | |
| Mptouch Pay Private Limited | ₹1.9 Lakh (FY 2024) | •••• | •••• | •••• | Satna, Madhya Pradesh, India | |
| Ssspay Service Private Limited | ₹1.66 Lakh (FY 2022) | •••• | •••• | •••• | Allahabad, Uttar Pradesh, India | |
| Excellent Payments India Private Limited | ₹1.59 Lakh (FY 2025) | •••• | •••• | 633.0% | •••• | Delhi, India |
| Radicalpay Private Limited | ₹1.55 Lakh (FY 2024) | •••• | •••• | 73.0% | •••• | New Delhi, Delhi, India |
| Essecom Private Limited this company | ₹1.5 Lakh (FY 2024) | •••• | •••• | -79.0% | •••• | Bangalore, Karnataka, India |
| Pesa24 Technology Private Limited | ₹1.49 Lakh (FY 2023) | •••• | •••• | 647.0% | •••• | Mathura, Uttar Pradesh, India |
| Y-Cash Software Solutions Private Limited | ₹1.41 Lakh (FY 2019) | •••• | •••• | 2814900.0% | •••• | Bangalore, Karnataka, India |
| Gpublicg India Private Limited | ₹1.31 Lakh (FY 2024) | •••• | •••• | -74.0% | •••• | Indore, Madhya Pradesh, India |
| Paypermint Private Limited | ₹1.13 Lakh (FY 2022) | •••• | •••• | -85.0% | •••• | Kolkata, West Bengal, India |
| Finsova Fintech Private Limited | ₹1.08 Lakh (FY 2024) | •••• | •••• | •••• | Jodhpur, Rajasthan, India |
Peers are the five companies nearest above and the five nearest below Essecom by revenue in the BFSI industry (Payment Gateways), 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 Essecom Private Limited
Essecom Private Limited is audited by P N G & ASSOCIATES for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| P N G & ASSOCIATES | 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 Essecom Private Limited
Essecom has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shoba Lakshmi Balasubramanian Also directs: Cardworks Private Limited | Additional Director | 03 Jan 2026 | 0 Years 9 Months | Current |
| Krishnaswami Sambasivan Also directs: Cardworks Private Limited | Additional Director | 03 Jan 2026 | 0 Years 9 Months | Current |
Ownership and Shareholding of Essecom 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 Essecom Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 29 Jul 2005 | State Bank of India | ₹25 Lakh | Satisfied |
| 10 Oct 2003 | State Bank of India | ₹3.17 Cr | Satisfied |
Total charge records: 2 View all charges
Legal Cases of Essecom Private Limited
Essecom Private Limited has 1 court case on record: 1 filed against it. All case is disposed. Status as checked on 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU RURAL, Karnataka | Civil suit | Filed against the company by an individual | Disposed |
Full case history
All 1 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 Essecom Private Limited
Essecom operates one associated brand: Essecom. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides website development services, including responsive design and CMS integration. | essecom.com |
Employees and EPFO Compliance at Essecom Private Limited
Employment history and EPFO contributions of people linked to Essecom.
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.
Recent Activity on Essecom Private Limited
Essecom Private Limited has 8 board changes on record since 2001: 8 appointments. The latest: Krishnaswami Sambasivan was appointed as Additional Director on 03 Jan 2026.
5 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Essecom 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 Essecom 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 Essecom 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 Essecom Private Limited
Essecom has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACE9745M1ZZ | Karnataka | Active | 01 Jul 2017 |
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 Essecom 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 Essecom Private Limited
Essecom is an active private limited company based in Bangalore, Karnataka, India. The company works in online payment gateways, within the financial services industry. It was incorporated on 25 May 2001 (25+ years old) and is registered under CIN U72900KA2001PTC029062.
Essecom reported revenue of ₹1.5 Lakh for FY 2024 (down 79% YoY).
Essecom has 2 current directors:
- Shoba Lakshmi Balasubramanian - Additional Director
- Krishnaswami Sambasivan - Additional Director
Essecom reported a net profit of ₹1.17 Lakh (net margin 78%) and EBITDA of ₹1.17 Lakh (EBITDA margin 78%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Essecom is -44% over three years and -41% over five years. In the latest year (FY 2024) revenue fell 79%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Essecom is 29AAACE9745M1ZZ, registered in Karnataka.
The CIN (Corporate Identification Number) of Essecom is U72900KA2001PTC029062. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Essecom has 1 court case on record: 1 filed against it.
Essecom was incorporated on 25 May 2001, making it 25+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Essecom by revenue are Yeldi Softcom Private Limited, Mptouch Pay Private Limited, Ssspay Service Private Limited, Excellent Payments India Private Limited, Radicalpay Private Limited and 5 more, all in the BFSI industry (Payment Gateways).
Krishnaswami Sambasivan was appointed as Additional Director on 03 Jan 2026. Shoba Lakshmi Balasubramanian was appointed as Additional Director on 03 Jan 2026. Malineni Surendra was appointed as Additional Director on 31 Oct 2025. Essecom has 8 board changes on record in total.