Fastworld Payments Private Limited
About Fastworld Payments Private Limited
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Fastworld Payments Private Limited is a private limited company based in Kishanganj, Bihar, India. It operates in the retail trade segment of the home appliances and consumer durables sector. It was incorporated on 19 December 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Patna, under CIN U52190BR2019PTC044613. Its GSTIN is 10AADCF9537F1ZV (Bihar).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Fastworldfw Business Solutions Private Limited. It is led by directors Afzal Ahmad and Shamim Ahmad.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Main Road Bahadurganj P.O Bahadurganj P.S. Bahadurganj, Kishanganj, Bihar, India – 855101.
As per the financials filed for FY 2023, the company reported a revenue of ₹4.97 Lakh, a decline of 52% compared to the previous year. For the same year it recorded a net profit of ₹31,691 (net margin 6.4%) and EBITDA of ₹67,188 (EBITDA margin 13.5%). Revenue has grown at a compounded annual rate (CAGR) of 66% over three years.
Company details
Contact details
Fastworld Payments Private Limited's registered office is in Kishanganj, Bihar. Its e-mail address is in the company report.
- Email
- Registered AddressMain Road Bahadurganj P.O Bahadurganj P.S. Bahadurganj, Kishanganj, Bihar, India – 855101
- IndustryHome Appliances, Retailers, Non Specialized Stores
To see the full contact details of Fastworld Payments 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
Business activity
The main business activity of Fastworld Payments 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 Fastworld Payments Private Limited, buy the company report.
Financials of Fastworld Payments Private Limited
FY 2023 filings availableFastworld Payments Private Limited reported revenue of ₹4.97 Lakh (down 52% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue fell 52% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 66%. EBITDA fell 27% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Other Income | ||||
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| Total Expenses | ||||
| EBITDA | ₹67,188 | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹31,691 | |||
| Balance Sheet | ||||
| Share Capital | ||||
| Reserves and Surplus | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 13.5% | |||
| Net Profit Margin | 6.4% | |||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
| Return on Assets (ROA) | ||||
| Liquidity and Debt | ||||
| Current Ratio | ||||
| Quick Ratio | ||||
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| Asset Turnover | ||||
| Receivable Days | ||||
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| Revenue Growth | ||||
| Net Profit Growth | ||||
To see the full financial statements and ratios of Fastworld Payments Private Limited, buy the company report.
Board of directors of Fastworld Payments Private Limited
Fastworld Payments has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Afzal Ahmad Also directs: Fastworld Digital Private Limited, Fastworld Hotels Private Limited, FW Fastworld Nidhi Limited and 3 more | Director | 19 Dec 2019 | 6 Years 10 Months | Current |
| Shamim Ahmad | Director | 19 Dec 2019 | 6 Years 10 Months | Current |
Peer comparison
Fastworld Payments Private Limited is compared with the 10 companies closest to it by revenue in 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 |
|---|---|---|---|---|---|---|
| Grama Abiviruthi Multipurpose Nidhi Limited | ₹4.97 Lakh (FY 2022) | Alancode, Tamil Nadu, India | ||||
| Starbridge Leisuremax Private Limited | ₹4.97 Lakh (FY 2024) | 22.0% | New Delhi, Delhi, India | |||
| Shivdeep Multipurpose Nidhi Limited | ₹4.97 Lakh (FY 2021) | 531.0% | Pune, Maharashtra, India | |||
| Gagan Overseas Private Limited | ₹4.97 Lakh (FY 2019) | 42.0% | New Delhi, Delhi, India | |||
| Rabina Housings Private Limited | ₹4.97 Lakh (FY 2025) | 13.0% | Kolkata, West Bengal, India | |||
| Fastworld Payments Private Limitedthis company | ₹4.97 Lakh (FY 2023) | ₹31,691 | 6.4% | -52.0% | Kishanganj, Bihar, India | |
| Capital E-Services Private Limited | ₹4.97 Lakh (FY 2024) | -92.0% | Delhi, India | |||
| Palani Chit Funds Private Limited | ₹4.96 Lakh (FY 2025) | -24.0% | Palani, Tamil Nadu, India | |||
| Sillwerstar Urban Nidhi Limited | ₹4.96 Lakh (FY 2023) | 2532.0% | Sangli, Maharashtra, India | |||
| Shri Akkshaya Grama Nalam Foundation | ₹4.96 Lakh (FY 2024) | 2.0% | Sivakasi, Tamil Nadu, India | |||
| Shree Salasar Urban Nidhi Limited | ₹4.96 Lakh (FY 2025) | -73.0% | Laxmangarh, Rajasthan, India |
To see the full peer comparison of Fastworld Payments Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Fastworld Payments Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Fastworld Payments Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Fastworld Payments has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 10AADCF9537F1ZV | Bihar | Active | 17 Jan 2020 |
To see the full GST registrations and return filing status of Fastworld Payments Private Limited, buy the company report.
Recent activity
Fastworld Payments Private Limited has 2 board changes on record since 2019: 2 appointments. The latest: Afzal Ahmad was appointed as Director on 19 Dec 2019.
Frequently asked questions
Fastworld Payments is an active private limited company based in Kishanganj, Bihar, India. The company works in retailers, within the home appliances industry. It was incorporated on 19 December 2019 (7+ years old) and is registered under CIN U52190BR2019PTC044613.
Fastworld Payments has 2 current directors:
- Afzal Ahmad - Director
- Shamim Ahmad - Director
The latest financial statements of Fastworld Payments on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from FY 2020 are in the company report.
The GSTIN of Fastworld Payments is 10AADCF9537F1ZV, registered in Bihar.
The CIN (Corporate Identification Number) of Fastworld Payments is U52190BR2019PTC044613. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Fastworld Payments was incorporated on 19 December 2019, making it 7+ years old. It is registered with the Registrar of Companies, Patna.
The peers of Fastworld Payments by revenue are Grama Abiviruthi Multipurpose Nidhi Limited, Starbridge Leisuremax Private Limited, Shivdeep Multipurpose Nidhi Limited, Gagan Overseas Private Limited, Rabina Housings Private Limited and 5 more, all in the same principal business activity (other financial activities).
Afzal Ahmad was appointed as Director on 19 Dec 2019. Shamim Ahmad was appointed as Director on 19 Dec 2019.
The registered office of Fastworld Payments is at Main Road Bahadurganj P.O Bahadurganj P.S. Bahadurganj, Kishanganj, Bihar, India – 855101.
Fastworld Payments operates in the home appliances industry, in the retailers segment.
Yes. Fastworld Payments was formerly known as Fastworldfw Business Solutions Private Limited.
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