About Freshpay IT Solutions Private Limited
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Freshpay IT Solutions Private Limited is a private limited company based in Gurgaon, Haryana, India. It operates in the online payment gateways segment of the financial services sector. It was incorporated on 17 December 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Haryana, under CIN U72900HR2009PTC039837. Its GSTIN is 06AABCF4482F2ZR (Haryana). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹26 Cr and a paid-up capital of ₹24.98 Cr. It is led by directors Abhilash Vasukuttan Pillai and Ratan Singh.
Its last annual general meeting (AGM) was held on 30 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at House No.320/14 Jacubpura, Gurgaon, Haryana, India – 122001.
As per the financials filed for FY 2018, the company reported a revenue of ₹2.99 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹1.85 Cr and EBITDA of -₹1.76 Cr. Revenue has declined at a compounded annual rate (CAGR) of 94% over three years.
Court records list 1 case involving the company, including 1 filed against it; 1 case is pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website qiwi.in.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressHouse No.320/14 Jacubpura, Gurgaon, Haryana, India – 122001
- 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
Financials of Freshpay IT Solutions Private Limited FY 2018 filings available
Freshpay IT Solutions Private Limited reported revenue of ₹2.99 Lakh (up 1478% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR) of Freshpay IT Solutions Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 94% over three years. EBITDA fell 343% 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 Freshpay IT Solutions Private Limited
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• |
| Total Revenue | ₹2.99 Lakh | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• |
| EBITDA | -₹1.76 Cr | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹1.85 Cr | •••• | •••• | •••• |
| 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 Freshpay IT Solutions Private Limited
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | •••• | •••• | •••• | •••• |
| Net Profit Margin | •••• | •••• | •••• | •••• |
| 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 Freshpay IT Solutions 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.
Board of Directors of Freshpay IT Solutions Private Limited
Freshpay IT 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 |
|---|---|---|---|---|
| Abhilash Vasukuttan Pillai | Additional Director | 15 May 2015 | 11 Years 5 Months | Current |
| Ratan Singh | Additional Director | 15 Dec 2017 | 8 Years 10 Months | Current |
Peer Comparison of Freshpay IT Solutions Private Limited
Freshpay IT Solutions 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 |
|---|---|---|---|---|---|---|
| Rrindia Services Private Limited | ₹3.44 Lakh (FY 2022) | •••• | •••• | 64.0% | •••• | Pune, Maharashtra, India |
| Bitpay Fintech Private Limited | ₹3.41 Lakh (FY 2025) | •••• | •••• | •••• | Ujjain, Madhya Pradesh, India | |
| Easy Bill Private Limited | ₹3.16 Lakh (FY 2025) | •••• | •••• | 37.0% | •••• | New Delhi, Delhi, India |
| Wurknet Private Limited | ₹3.1 Lakh (FY 2024) | •••• | •••• | 659.0% | •••• | Mumbai, Maharashtra, India |
| Paymatrix Solutions Private Limited | ₹3.01 Lakh (FY 2025) | •••• | •••• | •••• | Pune, Maharashtra, India | |
| Freshpay IT Solutions Private Limited this company | ₹2.99 Lakh (FY 2018) | •••• | •••• | 1478.0% | •••• | Gurgaon, Haryana, India |
| Allpay Services Private Limited | ₹2.98 Lakh (FY 2022) | •••• | •••• | •••• | Pathanamthitta, Kerala, India | |
| Ezee Pay Services Private Limited | ₹2.97 Lakh (FY 2024) | •••• | •••• | -82.0% | •••• | Chennai, Tamil Nadu, India |
| Simple Payments Private Limited | ₹2.88 Lakh (FY 2024) | •••• | •••• | -28.0% | •••• | Bangalore, Karnataka, India |
| Algodream Software Solutions Private Limited | ₹2.81 Lakh (FY 2025) | •••• | •••• | •••• | Noida, Uttar Pradesh, India | |
| Mbharat Wallet Private Limited | ₹2.5 Lakh (FY 2024) | •••• | •••• | 51.0% | •••• | Motihari, Bihar, India |
Peers are the five companies nearest above and the five nearest below Freshpay IT Solutions 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 Freshpay IT Solutions Private Limited
Freshpay IT Solutions Private Limited is audited by SURI & SUDHIR for the financial year 2018.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SURI & SUDHIR | 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.
Ownership and Shareholding of Freshpay IT Solutions 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 Freshpay IT Solutions Private Limited
Freshpay IT Solutions Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Legal Cases of Freshpay IT Solutions Private Limited
Freshpay IT Solutions Private Limited has 1 court case on record: 1 filed against it. All case is pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Central, Delhi | Criminal complaint | Filed against the company | Pending |
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.
Employees and EPFO Compliance at Freshpay IT Solutions Private Limited
Freshpay IT Solutions Private Limited has a workforce of 0 employees as of Apr 07, 2024.
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 Freshpay IT Solutions Private Limited
Freshpay IT Solutions Private Limited has 12 board changes on record since 2010: 2 appointments and 10 cessations. The latest: Abhilash Vasukuttan Pillai ceased to be Additional Director on 01 Feb 2019.
3 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Freshpay IT Solutions 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 Freshpay IT Solutions 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 Freshpay IT Solutions 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 Freshpay IT Solutions Private Limited
Freshpay IT Solutions has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AABCF4482F2ZR | Haryana | Active | 27 Apr 2018 |
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 Freshpay IT Solutions 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 Freshpay IT Solutions Private Limited
Freshpay IT Solutions is an active private limited company based in Gurgaon, Haryana, India. The company works in online payment gateways, within the financial services industry. It was incorporated on 17 December 2009 (17+ years old) and is registered under CIN U72900HR2009PTC039837.
Freshpay IT Solutions reported revenue of ₹2.99 Lakh for FY 2018 (up 1478% YoY).
Freshpay IT Solutions has 2 current directors:
- Abhilash Vasukuttan Pillai - Additional Director
- Ratan Singh - Additional Director
Freshpay IT Solutions reported a net loss of ₹1.85 Cr and EBITDA of -₹1.76 Cr for FY 2018, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Freshpay IT Solutions is -94% over three years. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Freshpay IT Solutions is 06AABCF4482F2ZR, registered in Haryana. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Freshpay IT Solutions is U72900HR2009PTC039837. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Freshpay IT Solutions has 1 court case on record: 1 filed against it. 1 is pending.
Freshpay IT Solutions was incorporated on 17 December 2009, making it 17+ years old. It is registered with the Registrar of Companies, Haryana.
The peers of Freshpay IT Solutions by revenue are Rrindia Services Private Limited, Bitpay Fintech Private Limited, Easy Bill Private Limited, Wurknet Private Limited, Paymatrix Solutions Private Limited and 5 more, all in the BFSI industry (Payment Gateways).
Abhilash Vasukuttan Pillai ceased to be Additional Director on 01 Feb 2019. Ratan Singh was appointed as Additional Director on 15 Dec 2017. Shaji Valiyaveetil ceased to be Additional Director on 15 Dec 2017. Freshpay IT Solutions has 12 board changes on record in total.