DPIIT recognised startup Government of India
Startup India
Fly India Paytech Private Limited - financial services in Ludhiana, Punjab, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹1.68 Cr
▲ 12% YoY
Net profit · FY 2024
₹4 Lakh
Net margin 2.4%
EBITDA · FY 2024
₹6.38 Lakh
EBITDA margin 3.8%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
6 yrs
Est. 2020
Directors on board
2
As per MCA filings
Active GSTINs
1
GST registered
About Fly India Paytech Private Limited
Data last updated:
Fly India Paytech Private Limited is a private limited company based in Ludhiana, Punjab, India, recognised as a startup by DPIIT. It operates in the digital payment solutions segment of the financial services sector. It was incorporated on 01 July 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U63030PB2020PTC051277. Its GSTIN is 03AAECF1182F1Z4 (Punjab).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Manish Kumar and Gaurav Singla.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 322 – Az Near Water Tank Wali Gali Model Town Ext. Ishmeet Singh Chowk., Ludhiana, Punjab, India – 141008.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.68 Cr, a growth of 12% compared to the previous year. For the same year it recorded a net profit of ₹4 Lakh (net margin 2.4%) and EBITDA of ₹6.38 Lakh (EBITDA margin 3.8%). Revenue has grown at a compounded annual rate (CAGR) of 50% over three years.
The company is associated with 1 brand: Fly India Paytech.
Fly India Paytech Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-PB-12-0078516). For more details, the company can be reached via its website iflynpay.com.
Company details
CIN U63030PB2020PTC051277
Registration Number 051277
Incorporation Date 01 July 2020
ROC Chandigarh
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-PB-12-0078516
Key People
Manish Kumar Director Gaurav Singla Director Recognitions & Rankings of Fly India Paytech
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-PB-12-0078516
Contact details
Fly India Paytech Private Limited's registered office is in Ludhiana, Punjab. Its website is iflynpay.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address322 – Az Near Water Tank Wali Gali Model Town Ext. Ishmeet Singh Chowk., Ludhiana, Punjab, India – 141008
- IndustryFinancial Services, Digital Payment Solutions
To see the full contact details of Fly India Paytech Private Limited, buy the company report.
Comprehensive company report
Fly India Paytech 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
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Brands
Fly India Paytech operates one associated brand: FLY INDIA PAYTECH. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Financial services including recharges, utility payments, and money transfers in India. | iflynpay.com |
Business activity
The main business activity of Fly India Paytech 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 Fly India Paytech Private Limited, buy the company report.
Financials of Fly India Paytech Private Limited
FY 2025 filings availableFly India Paytech Private Limited reported revenue of ₹1.68 Cr (up 12% YoY) for FY 2024.
Revenue · FY 2024
₹1.68 Cr ▲ 12%
Net profit · FY 2024
₹4 Lakh margin 2.4%
EBITDA · FY 2024
₹6.38 Lakh margin 3.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 12%
3 years · compounded
▲ 50%
EBITDA CAGR growth
1 year
▲ 38%
3 years · compounded
▲ 72%
Revenue has grown at a compounded annual rate (CAGR) of 50% over three years, including 12% growth in the latest year. EBITDA rose 38% 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 |
|---|---|---|---|---|
| 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 | ₹6.38 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹4 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 3.8% | |||
| Net Profit Margin | 2.4% | |||
| 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 Fly India Paytech Private Limited, buy the company report.
Board of directors of Fly India Paytech Private Limited
Fly India Paytech has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manish Kumar Also directs: Ifly Travels Private Limited | Director | 01 Jul 2020 | 6 Years 4 Months | Current |
| Gaurav Singla Also directs: Ifly Travels Private Limited | Director | 01 Jul 2020 | 6 Years 4 Months | Current |
Auditor
Fly India Paytech Private Limited is audited by Sanjeev Raj & Associates for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Sanjeev Raj & Associates | FY 2022 | 015202N |
Shareholding
The shareholding of Fly India Paytech Private Limited is on record for 3 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 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Fly India Paytech Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Fly India Paytech 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 Fly India Paytech Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Fly India Paytech has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AAECF1182F1Z4 | Punjab | Active | 22 Jul 2020 |
To see the full GST registrations and return filing status of Fly India Paytech Private Limited, buy the company report.
Recent activity
Fly India Paytech Private Limited has 2 board changes on record since 2020: 2 appointments. The latest: Gaurav Singla was appointed as Director on 01 Jul 2020.
AGM
Fly India Paytech Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Fly India Paytech Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Chandigarh.
Appointed
Gaurav Singla was appointed as Director.
Appointed
Manish Kumar was appointed as Director.
Incorporation
01 Jul 2020
Fly India Paytech Private Limited was registered on 01 Jul 2020 with Roc Chandigarh & aged 6 years 4 months as per MCA records.
Frequently asked questions
Fly India Paytech is an active private limited company based in Ludhiana, Punjab, India. The company works in digital payment solutions, within the financial services industry. It was incorporated on 01 July 2020 (6+ years old) and is registered under CIN U63030PB2020PTC051277.
Fly India Paytech has 2 current directors:
- Manish Kumar - Director
- Gaurav Singla - Director
The latest financial statements of Fly India Paytech on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2021 are in the company report.
The GSTIN of Fly India Paytech is 03AAECF1182F1Z4, registered in Punjab.
The CIN (Corporate Identification Number) of Fly India Paytech is U63030PB2020PTC051277. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Fly India Paytech was incorporated on 01 July 2020, making it 6+ years old. It is registered with the Registrar of Companies, Chandigarh.
Gaurav Singla was appointed as Director on 01 Jul 2020. Manish Kumar was appointed as Director on 01 Jul 2020.
Yes, Fly India Paytech is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Fly India Paytech is registered as a micro enterprise under Udyam registration (number: UDYAM-PB-12-0078516).
Fly India Paytech can be reached through the website iflynpay.com. Its registered office is in Ludhiana, Punjab, India.
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