About Hitachi Payment Services Private Limited
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Hitachi Payment Services Private Limited is a private limited company based in Chennai, Tamil Nadu, India, a subsidiary of Hitachi Vantara Software Services India Private Limited. It operates in the digital payment solutions segment of the financial services sector. It was incorporated on 12 September 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U72100TN2005PTC057463. Its GSTIN is 33AABCI4082J1ZN (Tamil Nadu). The company holds 35 GST registrations, of which 31 are active.
The company has an authorised share capital of ₹70 Cr and a paid-up capital of ₹7.92 Cr. It was formerly known as Integrated Maintenance and Services Private Limited and Prizm Payment Services Private Limited. It is led by directors including Sumil Chandrakant Vikamsey (Managing Director) and Shigeo Yuyama.
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 Chennai, Tamil Nadu.
As per the financials filed for FY 2025, the company reported a revenue of ₹3,215.75 Cr, a growth of 20% compared to the previous year. For the same year it recorded a net profit of ₹164.64 Cr (net margin 5.1%) and EBITDA of ₹950.61 Cr (EBITDA margin 29.6%). Revenue has grown at a compounded annual rate (CAGR) of 17% over three years and 12% over five years.
The company has about 1,441 employees on its provident fund (EPFO) records.
The company is associated with 3 brands: Hitachi Money Spot ATM, Hitachi Payment Services and Prizm Payment Services. As per MCA filings, the company has satisfied charges of ₹711.08 Cr on record. Court records list 160 cases involving the company, including 55 filed by the company and 105 filed against it; 56 cases are pending. The company has 18 deals on record (9 funding rounds, 4 debt financings, 4 secondary share transfers), with disclosed funding of ₹1,784.14 Cr; the latest was in January 2019. Its 4 peer companies in the BFSI industry (Payment Solution Providers), with the same principal business activity (other financial activities) are compared by revenue, 2 larger and 2 smaller; the largest is Avenuesai Limited with revenue of ₹4,065.72 Cr. The company has 6 MSME Form 1 returns on record between 2019 and 2021, listing 247 overdue payments to 34 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 hitachi-payments.com.
Company details
Name history
Hitachi Payment Services has undergone 2 name changes throughout its history. The company was previously known as Integrated Maintenance And Services Private Limited, and Prizm Payment Services Private Limited. The current legal name is Hitachi Payment Services Private Limited.
| Company Name | Status |
|---|---|
| Hitachi Payment Services Private Limited | Current |
| Integrated Maintenance And Services Private Limited | Previous |
| Prizm Payment Services Private Limited | Previous |
Contact details
Hitachi Payment Services Private Limited's registered office is in Chennai, Tamil Nadu. Its website is hitachi-payments.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressLevel 2 Mpl Silicon Towers 23/1 Velachery Tambaram Main Road Palli, Karnai, Chennai, Tamil Nadu, India – 600100
- IndustryFinancial Services, Digital Payment Solutions
To see the full contact details of Hitachi Payment Services 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
Hitachi Payment Services operates multiple associated brands including Hitachi Money Spot ATM, Hitachi Payment Services, and Prizm Payment Services. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Operation of white-label ATMs and franchise services across India for financial inclusion. | hitachimoneyspotatm.com | |
| POS payment processing and white-label ATM solutions are provided. | hitachi-payments.com | |
| ATM, POS, and card services are provided to financial institutions. | prizmpayments.com |
Business activity
The main business activity of Hitachi Payment Services 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 Hitachi Payment Services Private Limited, buy the company report.
Financials of Hitachi Payment Services Private Limited
FY 2025 filings availableHitachi Payment Services Private Limited reported revenue of ₹3,215.75 Cr (up 20% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 12% over five years, including 20% growth in the latest year. EBITDA rose 16% 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 | ₹950.61 Cr | ||||
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| Net Profit (PAT) | ₹164.64 Cr | ||||
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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 | 29.6% | ||||
| Net Profit Margin | 5.1% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Hitachi Payment Services Private Limited, buy the company report.
Board of directors of Hitachi Payment Services Private Limited
Hitachi Payment Services has 7 current directors and 27 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shigeo Yuyama | Director | 11 Apr 2023 | 3 Years 6 Months | Current |
| Sumil Chandrakant Vikamsey | Managing Director | 01 Apr 2023 | 3 Years 6 Months | Current |
| Tetsuya Yagi | Director | 20 Mar 2014 | 12 Years 7 Months | Current |
| Shyam Sunder Chandrasekharan Also directs: Salt Partners LLP | Director | 17 Apr 2008 | 18 Years 6 Months | Current |
| Loney Antony Also directs: Salt Partners LLP, Actcapital Foundation for Social Impact | Director | 17 Apr 2008 | 18 Years 6 Months | Current |
| Tetsuya Nakamura | Additional Director | 17 Apr 2025 | 1 Years 6 Months | Current |
Peer comparison
Hitachi Payment Services Private Limited is compared with the 4 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 |
|---|---|---|---|---|---|---|
| Avenuesai Limited | ₹4,065.72 Cr (FY 2025) | 28.0% | Gandhinagar, Gujarat, India | |||
| National Payments Corporation of India | ₹4,061.64 Cr (FY 2025) | 24.0% | Mumbai, Maharashtra, India | |||
| Hitachi Payment Services Private Limitedthis company | ₹3,215.75 Cr (FY 2025) | ₹164.64 Cr | 5.1% | 20.0% | 1,441 | Chennai, Tamil Nadu, India |
| Itzcash Payment Solutions Limited | ₹3,165.88 Cr (FY 2021) | 756.0% | Mumbai, Maharashtra, India | |||
| Amazon Pay (India) Private Limited | ₹2,195.1 Cr (FY 2025) | -7.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Hitachi Payment Services Private Limited, buy the company report.
Auditor
Hitachi Payment Services Private Limited is audited by S.R. Batliboi & Co. LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.R. Batliboi & Co. LLP | FY 2023 | 301003E/E300005 |
Shareholding
The shareholding of Hitachi Payment Services 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 Hitachi Payment Services Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Sep 2014 | 10529447 | Mizuho Bank Ltd. | ₹100 Cr | Satisfied | |
| 23 Sep 2014 | 10529449 | Mizuho Bank Ltd. | ₹235 Cr | Satisfied | |
| 22 Apr 2014 | 10504204 | Indusind Bank Limited | ₹25 Cr | Satisfied | |
| 27 Mar 2014 | 10500299 | Axis Bank Limited | ₹33 Cr | Satisfied | |
| 29 Jan 2014 | 10481846 | Axis Bank Ltd | ₹6.9 Cr | Satisfied |
To see the full charge records of Hitachi Payment Services Private Limited, buy the company report.
Total charge records: 24 View all charges
Deals & funding
Hitachi Payment Services Private Limited has 18 deals on record (9 funding rounds, 4 debt financings, 4 secondary share transfers), with disclosed funding of ₹1,784.14 Cr; the latest was in January 2019.
Deals on record (5 of 18)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2014 | Secondary share transfer | Undisclosed | Buyer: Hitachi Digital Services India Private Limited Seller: Winvest Holdings ( India ) Private Limited , Peak XV Partners (Sequoia India and SEA), Axis Bank Limited |
| Mar 2011 | Funding round | ₹3.3 Cr | Investors: Axis Bank Limited |
| Jul 2010 | Funding round · Series B | ₹17.5 Cr | Investors: Axis Bank Limited |
| Apr 2010 | Secondary share transfer | Undisclosed | Buyer: Winvest Holdings ( India ) Private Limited , Peak XV Partners (Sequoia India and SEA) Seller: an individual |
| Apr 2008 | Acquisition | ₹2.23 Cr | Buyer: Winvest Holdings ( India ) Private Limited Seller: OPC Asset Solutions Private Limited |
To see the full deal history of Hitachi Payment Services 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
Hitachi Payment Services Private Limited has 160 court cases on record: 55 filed by Hitachi Payment Services, 105 filed against it. 56 cases are pending and 104 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 120 | 90 | 39 |
| High courts | 39 | 15 | 17 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 160)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Allahabad High Court | Writ petition | Filed by the company against NCR Corporation India Pvt. Ltd. Thru. Managing Director, Bangaluru and 3 others | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Private cases SS) | Filed by the company against M/S Databit Technologies Private Limited and 2 others | Pending |
| District court, Central, Delhi | Interim or miscellaneous application | Filed against the company by Rai Sahib Laxmi Narain Charitable Trust Through Trustees | Pending |
| District court, Chennai, Tamil Nadu | Civil suit | Filed against the company by an individual | Pending |
| District court, Patiala, Punjab | Civil suit | Filed against the company by an individual | Pending |
To see the full case history of Hitachi Payment Services 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.
Credit ratings & regulatory alerts
Hitachi Payment Services Private Limited was last rated by Care on 04 Apr 2019.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 04 Apr 2019 |
To see the full credit ratings and regulatory alerts of Hitachi Payment Services Private Limited, buy the company report.
MSME payment delays
Hitachi Payment Services Private Limited has 6 MSME Form 1 returns on record between 2019 and 2021, listing 247 overdue payments to 34 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 34)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Durga Webtel Services Private Limited | |||
| Sign Technic Industries Private Limited | |||
| an individual supplier | |||
| Patron Facility Management Private Limited |
To see the full MSME payment records of Hitachi Payment Services Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Hitachi Payment Services has 1 joint venture. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
Employees & EPFO
Hitachi Payment Services Private Limited has a workforce of 1,441 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Hitachi Payment Services has 35 GST registrations: 31 active and 4 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AABCI4082J1ZN | Tamil Nadu | Active | 01 Jul 2017 |
| 05AABCI4082J1ZM | Uttarakhand | Active | 01 Jul 2017 |
| 06AABCI4082J1ZK | Haryana | Active | 01 Jul 2017 |
| 08AABCI4082J1ZG | Rajasthan | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Hitachi Payment Services Private Limited, buy the company report.
Recent activity
Hitachi Payment Services Private Limited has 31 board changes on record since 2007: 9 appointments and 22 cessations. The latest: Tetsuya Nakamura was appointed as Additional Director on 17 Apr 2025.
75 earlier events are in the company report.
News
Frequently asked questions
Hitachi Payment Services is an active private limited company based in Chennai, Tamil Nadu, India. The company works in digital payment solutions, within the financial services industry. It was incorporated on 12 September 2005 (21+ years old) and is registered under CIN U72100TN2005PTC057463.
Hitachi Payment Services has 7 current directors:
- Sumil Chandrakant Vikamsey - Managing Director
- Shigeo Yuyama - Director
- Tetsuya Yagi - Director
- Shyam Sunder Chandrasekharan - Director
- Loney Antony - Director
- Tetsuya Nakamura - Additional Director
- Masakazu Abe - Director
The latest financial statements of Hitachi Payment Services 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 2015 are in the company report.
The GSTIN of Hitachi Payment Services is 33AABCI4082J1ZN, registered in Tamil Nadu. The company has 35 GST registrations in all, of which 31 are active and 4 are cancelled or inactive. Other active GSTINs include 05AABCI4082J1ZM (Uttarakhand), 06AABCI4082J1ZK (Haryana), 08AABCI4082J1ZG (Rajasthan).
The CIN (Corporate Identification Number) of Hitachi Payment Services is U72100TN2005PTC057463. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hitachi Payment Services has 160 court cases on record: 55 filed by the company and 105 filed against it. 56 are pending. Most are in the district courts.
Hitachi Payment Services was incorporated on 12 September 2005, making it 21+ years old. It is registered with the Registrar of Companies, Chennai.
Hitachi Payment Services has 18 deals on record (9 funding rounds, 4 debt financings, 4 secondary share transfers), with disclosed funding of ₹1,784.14 Cr; the latest was in January 2019.
The peers of Hitachi Payment Services by revenue are Avenuesai Limited, National Payments Corporation of India, Itzcash Payment Solutions Limited, Amazon Pay (India) Private Limited, all in the BFSI industry (Payment Solution Providers), with the same principal business activity (other financial activities).
Tetsuya Nakamura was appointed as Additional Director on 17 Apr 2025. Masakazu Abe ceased to be Additional Director on 18 Dec 2024. Masakazu Abe was appointed as Director on 13 Dec 2024. Hitachi Payment Services has 31 board changes on record in total.
Hitachi Payment Services has 6 MSME Form 1 returns on record between 2019 and 2021, listing 247 overdue payments to 34 micro and small suppliers. The latest return was filed on 23 Apr 2021.
Hitachi Payment Services can be reached through the website hitachi-payments.com. Its registered office is in Chennai, Tamil Nadu, India.