Hurun India Rich List 2026 edition · 1 director
- #1,545 Ravi B Goyal ₹1,300 Cr
Revenue · FY 2024
₹176.27 Cr
▼ 9% YoY
Net loss · FY 2024
₹9.87 Cr
Net margin -5.6%
EBITDA · FY 2024
₹9.88 Cr
EBITDA margin 5.6%
Authorised capital
₹145 Cr
Registered with MCA
Paid-up capital
₹145 Cr
Issued & subscribed
Open charges
₹167 Cr
Satisfied ₹165.4 Cr
Company age
19 yrs
Est. 2007
Employees · EPFO
49
Provident fund records
About India Transact Services Limited
Data last updated:
India Transact Services Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Ags Transact Technologies Limited. It operates in the digital payment solutions segment of the financial services sector. It was incorporated on 11 July 2007 and has been in existence for over 19 years.
Its director Ravi B Goyal is #1,545 on the Hurun India Rich List 2026.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72900MH2007PLC172249. Its GSTIN is 27AABCI7197Q1ZO (Maharashtra).
The company has an authorised share capital of ₹145 Cr and a paid-up capital of ₹145 Cr. It was formerly known as India Transact Services Private Limited. It is led by directors including Sudip Bandyopadhyay and Ravi Badrinarain Goyal.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 601 – 602 Trade World B – Wing Kamala City Senapati Bapat Marg Lower Parel (West)., Mumbai, Maharashtra, India – 400013.
As per the financials filed for FY 2024, the company reported a revenue of ₹176.27 Cr, a decline of 9% compared to the previous year. For the same year it recorded a net loss of ₹9.87 Cr (net margin -5.6%) and EBITDA of ₹9.88 Cr (EBITDA margin 5.6%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years and 7% over five years.
The company has about 49 employees on its provident fund (EPFO) records.
The company is associated with 3 brands: India Transact Services, AGS Transact Technologies and OnGo. As per MCA filings, the company has open charges of ₹167 Cr and satisfied charges of ₹165.4 Cr on record. Court records list 4 cases involving the company, including 1 filed by the company and 3 filed against it; 3 cases are pending. The company has 6 deals on record (2 rights issues, 2 secondary share transfers, 2 acquisitions); the latest was in December 2023. Its 10 peer companies in the BFSI industry (Payment Solution Providers) are compared by revenue, 5 larger and 5 smaller; the largest is Ikeda Limited with revenue of ₹189.92 Cr. The company has 12 MSME Form 1 returns on record between 2018 and 2024, listing 246 overdue payments to 27 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 ongo.co.in.
Company Details of India Transact Services Limited
CIN U72900MH2007PLC172249
Registration Number 172249
Incorporation Date 11 July 2007
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Parent Company Ags Transact Technologies Limited
Compliance Status Active Compliant
CIN History of India Transact Services Limited
India Transact Services has one previous CIN (Corporate Identification Number): U72900MH2007PTC172249. The current CIN is U72900MH2007PLC172249, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72900MH2007PLC172249 | Current |
| U72900MH2007PTC172249 | Previous |
Recognitions & Rankings of India Transact Services
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Apps
- Registered Address601 – 602 Trade World B – Wing Kamala City Senapati Bapat Marg Lower Parel (West)., Mumbai, Maharashtra, India – 400013
- IndustryFinancial Services, Digital Payment Solutions
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Associated Brands with India Transact Services Limited
India Transact Services operates multiple associated brands including India Transact Services, AGS Transact Technologies, and OnGo. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| End-to-end mPoS transaction processing solutions are provided. | indiatransact.com | |
| End-to-end payment processing solutions are provided for merchants and businesses. | agsindia.com | |
| Payment processing solutions are provided for businesses and merchants. | ongo.co.in |
Business Activity of India Transact Services Limited
The main business activity of India Transact Services is financial and insurance service. In detail, this covers other financial activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of India Transact Services Limited FY 2024 filings available
India Transact Services Limited reported revenue of ₹176.27 Cr (down 9% YoY) for FY 2024.
Revenue · FY 2024
₹176.27 Cr ▼ 9%
Net loss · FY 2024
₹9.87 Cr margin -5.6%
EBITDA · FY 2024
₹9.88 Cr margin 5.6%
Compounded Annual Growth Rate (CAGR) of India Transact Services Limited
Revenue CAGR growth
1 year
▼ 9%
3 years · compounded
▲ 4%
5 years · compounded
▲ 7%
EBITDA CAGR growth
1 year
▼ 2%
3 years · compounded
▲ 46%
5 years · compounded
▼ 2%
Revenue fell 9% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 7%. EBITDA fell 2% 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 India Transact Services Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹176.27 Cr | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹9.88 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹9.87 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 India Transact Services Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -5.6% | •••• | •••• | •••• | •••• |
| 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 India Transact Services are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
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Board of Directors of India Transact Services Limited
India Transact Services has 3 current directors and 25 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sudip Bandyopadhyay Also directs: VST Industries Limited, Inditrade Capital Limited, Inditrade Fincorp Limited and 4 more | Director | 29 Mar 2023 | 3 Years 6 Months | Current |
| Ravi Badrinarain Goyal Also directs: Securevalue India Limited, Fillon Technologies India Private Limited, Vineha Enterprises Private Limited and 1 more | Director | 11 Jul 2007 | 19 Years 3 Months | Current |
| Nikesh Samaiya Also directs: Xygo Innovations Private Limited, Icharge Digital Private Limited | Director | 01 Apr 2025 | 1 Years 6 Months | Current |
Peer Comparison of India Transact Services Limited
India Transact Services Limited is compared with the companies closest to it by revenue in the BFSI industry (Payment Solution Providers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ikeda Limited | ₹189.92 Cr (FY 2025) | •••• | •••• | 277.0% | •••• | New Delhi, Delhi, India |
| Oye Messenger Limited | ₹185.84 Cr (FY 2025) | •••• | •••• | 38.0% | •••• | Navi Mumbai, Maharashtra, India |
| Network People Services Technologies Limited Listed | ₹180.62 Cr (FY 2025) | •••• | •••• | 39.0% | •••• | Thane, Maharashtra, India |
| Levelnext Ideas Private Limited | ₹177.41 Cr (FY 2022) | •••• | •••• | 57.0% | •••• | New Delhi, Delhi, India |
| Skilworth Technologies Private Limited | ₹177.4 Cr (FY 2025) | •••• | •••• | -30.0% | •••• | Chennai, Tamil Nadu, India |
| India Transact Services Limited this company | ₹176.27 Cr (FY 2024) | •••• | •••• | -9.0% | •••• | Mumbai, Maharashtra, India |
| Techprocess Payment Services Limited | ₹172.33 Cr (FY 2017) | •••• | •••• | 29.0% | •••• | Mumbai, Maharashtra, India |
| NTT Data Payment Services India Private Limited | ₹166.58 Cr (FY 2025) | •••• | •••• | 38.0% | •••• | Mumbai, Maharashtra, India |
| Iserveu Technology Private Limited | ₹165.5 Cr (FY 2025) | •••• | •••• | 7.0% | •••• | Bhubaneswar, Odisha, India |
| Npci Bharat Billpay Limited | ₹164.89 Cr (FY 2025) | •••• | •••• | 68.0% | •••• | Mumbai, Maharashtra, India |
| Vsoft Technologies Private Limited | ₹160.82 Cr (FY 2020) | •••• | •••• | -7.0% | •••• | Hyderabad, Telangana, India |
Peers are the five companies nearest above and the five nearest below India Transact Services by revenue in the BFSI industry (Payment Solution Providers), 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 India Transact Services Limited
India Transact Services Limited is audited by B S R & Co. Llp for the financial year 2024.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| B S R & Co. Llp | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of India Transact Services Limited
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Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
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Charges & Borrowings of India Transact Services Limited
Open charges
₹167 Cr
Satisfied charges
₹165.4 Cr
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 04 Jul 2022 | Others | ₹150 Cr | Open |
| 13 Sep 2021 | Others | ₹17 Cr | Open |
| 25 Nov 2022 | Others | ₹165.4 Cr | Satisfied |
Total charge records: 3 View all charges
Deals & Funding of India Transact Services Limited
India Transact Services Limited has 6 deals on record (2 rights issues, 2 secondary share transfers, 2 acquisitions); the latest was in December 2023.
Total deals
6
Rights issues
2
Secondary share transfers
2
Acquisitions
2
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2023 | Rights issue | ₹10 Cr | Investors: Ags Transact Technologies Limited |
| Dec 2022 | Rights issue | ₹10 Cr | Investors: Ags Transact Technologies Limited |
| Nov 2015 | Acquisition | ₹10 Cr | Buyer: Ags Transact Technologies Limited |
| Sep 2012 | Acquisition | ₹9.28 Cr | Buyer: Ags Transact Technologies Limited |
| Mar 2011 | Secondary share transfer | Undisclosed | Buyer: AGS Transact Technologies Limited & Ravi Badrinarain Goyal, Ags Transact Technologies Limited Seller: 2 individuals |
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Full deal history
All 6 deals with amounts, valuations, instruments and every party are in the company report.
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Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of India Transact Services Limited
India Transact Services Limited has 4 court cases on record: 1 filed by India Transact Services, 3 filed against it. 3 cases are pending and 1 is disposed. Status as checked between 28 Sep 2026 and 04 Oct 2026.
Total cases
4
Filed by the company
1
Filed against the company
3
Pending
3
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 3 | 3 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Court case (CRI REV APP) | Filed by the company against State of Maharashtra | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (S W) | Filed against the company by an individual | Pending |
| District court, Khurda, Odisha | Civil suit | Filed against the company by an individual | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (S W) | Filed against the company by an individual | Disposed |
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Full case history
All 4 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
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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 by India Transact Services Limited
India Transact Services Limited has 12 MSME Form 1 returns on record between 2018 and 2024, listing 246 overdue payments to 27 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 27)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Rati Logistics Private Limited | •••• | •••• | •••• |
| L K Nakashe Consultants Private Limited | •••• | •••• | •••• |
| JTSC Sportsfan Private Limited | •••• | •••• | •••• |
| Pyramid Facility Management Services (Ind.) Private Limited | •••• | •••• | •••• |
| Empay Software Solutions Private Limited | •••• | •••• | •••• |
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Full MSME payment history
Every supplier, amount and due date from all 12 MSME Form 1 returns is in the company report.
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Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at India Transact Services Limited
India Transact Services Limited has a workforce of 49 employees as of Dec 24, 2025.
Employee count
49
Active EPFO establishments
1
Employee growth
-12.5%
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on India Transact Services Limited
India Transact Services Limited has 26 board changes on record since 2007: 4 appointments and 22 cessations. The latest: Nikesh Samaiya was appointed as Director on 01 Apr 2025.
Appointed
Nikesh Samaiya was appointed as Director.
Ceased
Nikesh Samaiya ceased to be Additional Director.
Ceased
Pulak Khemka ceased to be CFO.
AGM
India Transact Services Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
India Transact Services Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Charges
A charge registered on 25 Nov 2022 via Charge ID 100654514 with Others was fully satisfied on 21 Sep 2023.
Charges
A charge with Others of Rs. 17.00 Cr registered on 13 Sep 2021 with Charge ID 100491109 was modified on 14 Sep 2023.
Charges
A charge with Others of Rs. 150.00 Cr registered on 04 Jul 2022 with Charge ID 100591411 was modified on 30 Jun 2023.
Ceased
Preeti Malhotra ceased to be Additional Director.
Ceased
Jhuma Guha ceased to be Additional Director.
Appointed
Sudip Bandyopadhyay was appointed as Director.
Charges
A charge with Others amounted to Rs. 165.40 Cr with Charge ID 100654514 was registered on 25 Nov 2022.
23 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for India Transact Services Limited
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Subsidiaries & Group Companies of India Transact Services Limited
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
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GST Compliance of India Transact Services Limited
India Transact Services has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCI7197Q1ZO | Maharashtra | Active | 01 Jul 2017 |
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MCA Filings & Documents of India Transact Services Limited
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MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
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Related news about India Transact Services Limited
Frequently Asked Questions about India Transact Services Limited
India Transact Services is an active public limited company based in Mumbai, Maharashtra, India. The company works in digital payment solutions, within the financial services industry. It was incorporated on 11 July 2007 (19+ years old) and is registered under CIN U72900MH2007PLC172249.
India Transact Services reported revenue of ₹176.27 Cr for FY 2024 (down 9% YoY).
India Transact Services has 3 current directors:
- Sudip Bandyopadhyay - Director
- Ravi Badrinarain Goyal - Director
- Nikesh Samaiya - Director
India Transact Services reported a net loss of ₹9.87 Cr (net margin -5.6%) and EBITDA of ₹9.88 Cr (EBITDA margin 5.6%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of India Transact Services is 4% over three years and 7% over five years. In the latest year (FY 2024) revenue fell 9%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of India Transact Services is 27AABCI7197Q1ZO, registered in Maharashtra.
The CIN (Corporate Identification Number) of India Transact Services is U72900MH2007PLC172249. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
India Transact Services has 4 court cases on record: 1 filed by the company and 3 filed against it. 3 are pending.
India Transact Services was incorporated on 11 July 2007, making it 19+ years old. It is registered with the Registrar of Companies, Mumbai.
India Transact Services has 6 deals on record (2 rights issues, 2 secondary share transfers, 2 acquisitions); the latest was in December 2023.
The peers of India Transact Services by revenue are Ikeda Limited, Oye Messenger Limited, Network People Services Technologies Limited, Levelnext Ideas Private Limited, Skilworth Technologies Private Limited and 5 more, all in the BFSI industry (Payment Solution Providers).
Nikesh Samaiya was appointed as Director on 01 Apr 2025. Nikesh Samaiya ceased to be Additional Director on 01 Apr 2025. Pulak Khemka ceased to be CFO on 13 Mar 2025. India Transact Services has 26 board changes on record in total.