About Fiserv Merchant Solutions Private Limited
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Fiserv Merchant Solutions Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of First Data Holding 1 (Netherlands) Bv. It operates in the digital payment solutions segment of the financial services sector. It was incorporated on 28 July 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74140MH2009PTC194399. Its GSTIN is 27AAFCP1216R1Z3 (Maharashtra). The company holds 15 GST registrations, of which 9 are active.
The company has an authorised share capital of ₹397.57 Cr and a paid-up capital of ₹397.57 Cr. It was formerly known as Pos Ice Merchant Services Private Limited. It is led by directors including Murali Rajashekaran Nair and Rajan Verma.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 74 Kalpataru Square Off Andheri Kurla Road Kondivita Lane Andheri (East), Mumbai, Maharashtra, India – 400059.
As per the financials filed for FY 2025, the company reported a revenue of ₹250.99 Cr, a decline of 49% compared to the previous year. For the same year it recorded a net loss of ₹564.13 Cr (net margin -224.8%) and EBITDA of -₹489.81 Cr (EBITDA margin -195.2%). Revenue has declined at a compounded annual rate (CAGR) of 23% over three years and 16% over five years.
The company has about 25 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹4 Cr on record. Court records list 20 cases involving the company, including 3 filed by the company and 17 filed against it; 7 cases are pending. The company has 3 deals on record (1 funding round, 1 convertible or debt financing, 1 secondary share transfer), with disclosed funding of ₹397.56 Cr; the latest was in March 2010. Its 3 peer companies in the BFSI industry (Payment Solution Providers), with the same principal business activity (other financial activities) are compared by revenue, 1 larger and 2 smaller; the largest is Desiderata Impact Ventures Private Limited with revenue of ₹278.34 Cr. The company has 5 MSME Form 1 returns on record between 2023 and 2024, listing 507 overdue payments to 37 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website merchants.fiserv.com.
Company details
Name history
Fiserv Merchant Solutions has undergone 2 name changes throughout its history. The company was previously known as Pos Ice Merchant Services Private Limited, and Fiserv Merchant Solutions Private Limited. The current legal name is Fiserv Merchant Solutions Private Limited.
| Company Name | Status |
|---|---|
| Fiserv Merchant Solutions Private Limited | Current |
| Pos Ice Merchant Services Private Limited | Previous |
Contact details
Fiserv Merchant Solutions Private Limited's registered office is in Mumbai, Maharashtra. Its website is merchants.fiserv.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address74 Kalpataru Square Off Andheri Kurla Road Kondivita Lane Andheri (East), Mumbai, Maharashtra, India – 400059
- IndustryFinancial Services, Digital Payment Solutions
To see the full contact details of Fiserv Merchant 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
Business activity
The main business activity of Fiserv Merchant 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 Fiserv Merchant Solutions Private Limited, buy the company report.
Financials of Fiserv Merchant Solutions Private Limited
FY 2025 filings availableFiserv Merchant Solutions Private Limited reported revenue of ₹250.99 Cr (down 49% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 16% over five years, including a 49% fall in the latest year. EBITDA fell 528% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | -₹489.81 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹564.13 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -195.2% | ||||
| Net Profit Margin | -224.8% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Fiserv Merchant Solutions Private Limited, buy the company report.
Board of directors of Fiserv Merchant Solutions Private Limited
Fiserv Merchant Solutions has 4 current directors and 25 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Murali Rajashekaran Nair Also directs: First Data (India) Private Limited, Converj Global Private Limited | Director | 01 Mar 2024 | 2 Years 7 Months | Current |
| Rajan Verma Also directs: First Data (India) Private Limited | Director | 15 Feb 2019 | 7 Years 8 Months | Current |
| Vikas Bhauwala | Nominee Director | 11 Sep 2023 | 3 Years 1 Months | Current |
| Haribandhu Patra | Director | 07 Aug 2025 | 1 Years 2 Months | Current |
Peer comparison
Fiserv Merchant Solutions Private Limited is compared with the 3 companies closest to it by revenue in the BFSI industry (Payment Solution Providers), 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 |
|---|---|---|---|---|---|---|
| Desiderata Impact Ventures Private Limited | ₹278.34 Cr (FY 2025) | 75.0% | New Delhi, Delhi, India | |||
| Fiserv Merchant Solutions Private Limitedthis company | ₹250.99 Cr (FY 2025) | -₹564.13 Cr | -224.8% | -49.0% | 25 | Mumbai, Maharashtra, India |
| Indmoney Tech Private Limited | ₹213.43 Cr (FY 2025) | 67.0% | Gurugram, Haryana, India | |||
| Phonomania E-Commerce Private Limited | ₹204.87 Cr (FY 2025) | 3.0% | Ahmednagar, Maharashtra, India |
To see the full peer comparison of Fiserv Merchant Solutions Private Limited, buy the company report.
Auditor
Fiserv Merchant Solutions Private Limited is audited by Walker Chandiok & Co LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Walker Chandiok & Co LLP | FY 2023 | 001076N/N500013 |
Shareholding
The shareholding of Fiserv Merchant 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 Fiserv Merchant Solutions Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Jul 2024 | 100961072 | Others | ₹4 Cr | Open |
Total charge records: 1 View all charges
Deals & funding
Fiserv Merchant Solutions Private Limited has 3 deals on record (1 funding round, 1 convertible or debt financing, 1 secondary share transfer), with disclosed funding of ₹397.56 Cr; the latest was in March 2010.
Deals on record (2 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2009 | Secondary share transfer | Undisclosed | Buyer: First Data Holding 1 (Netherlands) BV Seller: 2 individuals |
| Dec 2009 | Funding round | ₹187.19 Cr | Investors: First Data Holding 1 (Netherlands) BV, Icici Bank Limited |
To see the full deal history of Fiserv Merchant 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
Fiserv Merchant Solutions Private Limited has 20 court cases on record: 3 filed by Fiserv Merchant Solutions, 17 filed against it. 7 cases are pending and 13 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 17 | 15 | 7 |
| High courts | 3 | 2 | 0 |
Cases on record (5 of 20)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Commercial matter | Filed against the company by Cashfree Payments India Private Limited | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial suit | Filed by the company against Wisdom IT Services India Pvt Ltd and 2 others | Pending |
| District court, Ludhiana, Punjab | Appeal | Filed against the company by Vci Hospitality Ltd and 1 other | Pending |
| District court, West, Delhi | Commercial suit | Filed against the company by Ezee Flights Travel Pvt. Ltd. | Disposed |
| District court, North Twenty Four Parganas, West Bengal | Civil suit | Filed against the company by M/S Dharitri Infraventure Pvt. Ltd. | Disposed |
To see the full case history of Fiserv Merchant 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
Fiserv Merchant Solutions Private Limited has 5 MSME Form 1 returns on record between 2023 and 2024, listing 507 overdue payments to 37 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 37)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Green Lava Eco Solutions Private Limited | |||
| Aaron Tours Pvt Ltd | |||
| Securesearch Screening Services Private Limited | |||
| an individual supplier | |||
| Arts Express Solutions Private Limited |
To see the full MSME payment records of Fiserv Merchant Solutions Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Fiserv Merchant Solutions Private Limited has a workforce of 25 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Fiserv Merchant Solutions has 15 GST registrations: 9 active and 6 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCP1216R1Z3 | Maharashtra | Active | 01 Jul 2017 |
| 27AAFCP1216R2Z2 | Maharashtra | Active | 10 Mar 2025 |
| 29AAFCP1216R1ZZ | Karnataka | Active | 01 Jul 2017 |
| 33AAFCP1216R1ZA | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Fiserv Merchant Solutions Private Limited, buy the company report.
Recent activity
Fiserv Merchant Solutions Private Limited has 26 board changes on record since 2009: 4 appointments and 22 cessations. The latest: Haribandhu Patra ceased to be Additional Director on 28 Sep 2025.
18 earlier events are in the company report.
Frequently asked questions
Fiserv Merchant Solutions is an active private limited company based in Mumbai, Maharashtra, India. The company works in digital payment solutions, within the financial services industry. It was incorporated on 28 July 2009 (17+ years old) and is registered under CIN U74140MH2009PTC194399.
Fiserv Merchant Solutions has 4 current directors:
- Murali Rajashekaran Nair - Director
- Rajan Verma - Director
- Vikas Bhauwala - Nominee Director
- Haribandhu Patra - Director
The latest financial statements of Fiserv Merchant Solutions on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Fiserv Merchant Solutions is 27AAFCP1216R1Z3, registered in Maharashtra. The company has 15 GST registrations in all, of which 9 are active and 6 are cancelled or inactive. Other active GSTINs include 27AAFCP1216R2Z2 (Maharashtra), 29AAFCP1216R1ZZ (Karnataka), 33AAFCP1216R1ZA (Tamil Nadu).
The CIN (Corporate Identification Number) of Fiserv Merchant Solutions is U74140MH2009PTC194399. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Fiserv Merchant Solutions has 20 court cases on record: 3 filed by the company and 17 filed against it. 7 are pending. Most are in the district courts.
Fiserv Merchant Solutions was incorporated on 28 July 2009, making it 17+ years old. It is registered with the Registrar of Companies, Mumbai.
Fiserv Merchant Solutions has 3 deals on record (1 funding round, 1 convertible or debt financing, 1 secondary share transfer), with disclosed funding of ₹397.56 Cr; the latest was in March 2010.
The peers of Fiserv Merchant Solutions by revenue are Desiderata Impact Ventures Private Limited, Indmoney Tech Private Limited, Phonomania E-Commerce Private Limited, all in the BFSI industry (Payment Solution Providers), with the same principal business activity (other financial activities).
Haribandhu Patra ceased to be Additional Director on 28 Sep 2025. Haribandhu Patra was appointed as Director on 07 Aug 2025. Vikas Bhauwala ceased to be Nominee Director on 21 Apr 2025. Fiserv Merchant Solutions has 26 board changes on record in total.
Fiserv Merchant Solutions has 5 MSME Form 1 returns on record between 2023 and 2024, listing 507 overdue payments to 37 micro and small suppliers. The latest return was filed on 30 Apr 2024.
Fiserv Merchant Solutions can be reached through the website merchants.fiserv.com. Its registered office is in Mumbai, Maharashtra, India.