About Ezetap Mobile Solutions Private Limited
Data last updated:
Ezetap Mobile Solutions Private Limited was a private limited company based in Bangalore, Karnataka, India, operated as a subsidiary of Razorpay International Services 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 software development and support services segment of the technology and IT services sector. It was incorporated on 05 August 2011.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U64203KA2011PTC059891. Its GSTIN is 29AACCE7925K1Z7 (Karnataka).
The company had an authorised share capital of ₹1.6 Cr and a paid-up capital of ₹1.55 Cr. It was led by directors Harshil Mathur and Kanu Bagga.
Its last annual general meeting (AGM) was held on 08 November 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office was at Bangalore, Karnataka.
As per the financials filed for FY 2024, the company reported a revenue of ₹141.22 Cr, a decline of 10% compared to the previous year. For the same year it recorded a net loss of ₹71.75 Cr (net margin -50.8%) and EBITDA of -₹63.45 Cr (EBITDA margin -44.9%). Revenue has grown at a compounded annual rate (CAGR) of 17% over three years and 24% over five years.
The company had about 529 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: Ezetap. As per MCA filings, the company had satisfied charges of ₹108.85 Cr on record. Court records list 11 cases involving the company, including 8 filed by the company and 3 filed against it; 4 cases are pending. The company has 20 deals on record (10 rights issues, 7 funding rounds, 3 secondary share transfers), with disclosed funding of ₹256 Cr; the latest was in September 2022. The company has 17 MSME Form 1 returns on record between 2017 and 2024, listing 346 overdue payments to 48 micro and small suppliers.
The last known website on record is ezetap.com.
Company details
Contact details
Ezetap Mobile Solutions Private Limited's registered office is in Bangalore, Karnataka. Its website is ezetap.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered AddressFirst Floor Sjr Cyber 22, Laskar Hosur Road Adugodi, Bangalore, Karnataka, India – 560030
- IndustryInformation Technology, Software Development & Support Services
To see the full contact details of Ezetap Mobile Solutions Private 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
Ezetap Mobile Solutions operates one associated brand: Ezetap. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Cloud-based mPOS software and hardware solutions are provided for businesses. | ezetap.com |
Business activity
The main business activity of Ezetap Mobile Solutions 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 Ezetap Mobile Solutions Private Limited, buy the company report.
Financials of Ezetap Mobile Solutions Private Limited
FY 2024 filings availableEzetap Mobile Solutions Private Limited reported revenue of ₹141.22 Cr (down 10% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 10% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 24%. EBITDA fell 44% 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | -₹63.45 Cr | ||||
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| Net Profit (PAT) | -₹71.75 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | -44.9% | ||||
| Net Profit Margin | -50.8% | ||||
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To see the full financial statements and ratios of Ezetap Mobile Solutions Private Limited, buy the company report.
Board of directors of Ezetap Mobile Solutions Private Limited
Ezetap Mobile Solutions has 2 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Harshil Mathur Also directs: JHKP Technologies Private Limited, Marsshot Ventures LLP, Razorpay Payments Private Limited and 5 more | Director | 08 Aug 2022 | 4 Years 2 Months | As last reported |
| Kanu Bagga Also directs: JHKP Technologies Private Limited | Additional Director | 06 Jan 2025 | 1 Years 9 Months | As last reported |
Auditor
Ezetap Mobile Solutions Private Limited is audited by Guru Jana & associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Guru Jana & associates | FY 2023 | 025194S |
Shareholding
The shareholding of Ezetap Mobile Solutions Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Ezetap Mobile Solutions Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 May 2020 | 100343584 | Others | ₹33.4 Lakh | Satisfied | |
| 16 Sep 2019 | 100292050 | Others | ₹1.54 Cr | Satisfied | |
| 25 Aug 2019 | 100289264 | Others | ₹3.33 Cr | Satisfied | |
| 06 Jul 2019 | 100283801 | Others | ₹1.29 Cr | Satisfied | |
| 05 Jun 2019 | 100283797 | Others | ₹78.69 Lakh | Satisfied |
To see the full charge records of Ezetap Mobile Solutions Private Limited, buy the company report.
Total charge records: 10 View all charges
Deals & funding
Ezetap Mobile Solutions Private Limited has 20 deals on record (10 rights issues, 7 funding rounds, 3 secondary share transfers), with disclosed funding of ₹256 Cr; the latest was in September 2022.
Deals on record (5 of 20)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2022 | Rights issue | ₹119.7 Cr | Investors: Razorpay International Services Pte Limited |
| Dec 2021 | Rights issue | ₹22.5 Cr | Investors: Razorpay International Services Pte Limited |
| Oct 2020 | Rights issue | ₹7.11 Cr | Investors: Razorpay International Services Pte Limited |
| Jul 2020 | Rights issue | ₹7.56 Cr | Investors: Razorpay International Services Pte Limited |
| Jun 2020 | Rights issue | ₹84.5 Lakh | Investors: Razorpay International Services Pte Limited |
To see the full deal history of Ezetap Mobile Solutions Private 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
Ezetap Mobile Solutions Private Limited has 11 court cases on record: 8 filed by Ezetap Mobile Solutions, 3 filed against it. 4 cases are pending and 7 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 7 | 2 | 3 |
| High courts | 4 | 1 | 1 |
Cases on record (5 of 11)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thane, Maharashtra | Criminal miscellaneous application | Filed by the company against Otomax Tech Serve Pvt. Ltd and 6 others | Pending |
| High Court of Karnataka | Arbitration matter | Filed against the company by Corporate Infotech Pvt Ltd | Disposed |
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed by the company against Corporate Infotech Pvt Ltd and 1 other | Disposed |
| District court, Thane, Maharashtra | Criminal miscellaneous application | Filed by the company against Sachin Chandrakant Salunkhe (M.D. of Otomax Tech Serve Pvt. Ltd.) and 7 others | Disposed |
| District court, South East, Delhi | Criminal case | Filed against the company by Instant Pay India Ltd | Disposed |
To see the full case history of Ezetap Mobile 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
Ezetap Mobile Solutions Private Limited has 17 MSME Form 1 returns on record between 2017 and 2024, listing 346 overdue payments to 48 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 48)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Excel Labels | |||
| United Colour Paper Prints Private Limited | |||
| Exotel Techcom Private Limited | |||
| Iconex (India) Private Limited | |||
| Mitcon Credentia Trusteeship Services Limited |
To see the full MSME payment records of Ezetap Mobile Solutions Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Ezetap Mobile Solutions Private Limited has a workforce of 529 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Ezetap Mobile Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCE7925K1Z7 | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ezetap Mobile Solutions Private Limited, buy the company report.
Recent activity
Ezetap Mobile Solutions Private Limited has 24 board changes on record since 2011: 13 appointments and 11 cessations. The latest: Kanu Bagga was appointed as Additional Director on 06 Jan 2025.
39 earlier events are in the company report.
News
Frequently asked questions
Ezetap Mobile 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.
Ezetap Mobile Solutions was a private limited company based in Bangalore, Karnataka, India. The company worked in software development and support services, within the information technology industry. It was incorporated on 05 August 2011 and is registered under CIN U64203KA2011PTC059891. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Ezetap Mobile Solutions was incorporated on 05 August 2011. It is registered with the Registrar of Companies, Bangalore.
Ezetap Mobile Solutions had 2 directors:
- Harshil Mathur - Director
- Kanu Bagga - Additional Director
The CIN (Corporate Identification Number) of Ezetap Mobile Solutions is U64203KA2011PTC059891. 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 Ezetap Mobile Solutions is at First Floor Sjr Cyber 22, Laskar Hosur Road Adugodi, Bangalore, Karnataka, India – 560030.
Ezetap Mobile Solutions can be reached through the website ezetap.com. Its registered office is in Bangalore, Karnataka, India.
The latest financial statements of Ezetap Mobile Solutions on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 08 November 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Ezetap Mobile Solutions is 29AACCE7925K1Z7, registered in Karnataka.
Ezetap Mobile Solutions operated in the information technology industry, in the software development and support services segment.
Ezetap Mobile Solutions has 20 deals on record (10 rights issues, 7 funding rounds, 3 secondary share transfers), with disclosed funding of ₹256 Cr; the latest was in September 2022.