About India1 Payments Limited
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India1 Payments Limited is a public limited foreign company incorporated in india based in Bangalore, Karnataka, India, a subsidiary of The Banktech Group Pty Ltd. It operates in the digital payment solutions segment of the financial services sector. It was incorporated on 30 June 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U93090KA2006FLC050581. Its GSTIN is 29AADCB0396E1ZR (Karnataka). The company holds 10 GST registrations, all of them active.
The company has an authorised share capital of ₹22.5 Cr and a paid-up capital of ₹16.21 Cr. It was formerly known as Banktech India Private Limited and Bti Payments Private Limited. It is led by directors including David Scott Glen and Ruchita Taneja Aggarwal.
Its last annual general meeting (AGM) was held on 19 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 3rd Floor Orion Building Bagmane Constellation Business Park, Bangalore, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹670.17 Cr, a growth of 4% compared to the previous year. For the same year it recorded a net profit of ₹31.03 Cr (net margin 4.6%) and EBITDA of ₹271.46 Cr (EBITDA margin 40.5%). Revenue has grown at a compounded annual rate (CAGR) of 14% over three years.
The company is associated with 2 brands: India1 and India1 Payments. As per MCA filings, the company has open charges of ₹1,722.84 Cr and satisfied charges of ₹482.09 Cr on record. Court records list 181 cases involving the company, including 175 filed by the company and 6 filed against it; 58 cases are pending. The company has 12 deals on record (11 funding rounds, 1 rights issue), with disclosed funding of ₹361.09 Cr; the latest was in January 2021.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website india1payments.in.
Company details
Name history
India1 Payments has undergone 3 name changes throughout its history. The company was previously known as Banktech India Private Limited, Bti Payments Private Limited, and India1 Payments Private Limited. The current legal name is India1 Payments Limited.
| Company Name | Status |
|---|---|
| India1 Payments Limited | Current |
| Banktech India Private Limited | Previous |
| Bti Payments Private Limited | Previous |
| India1 Payments Private Limited | Previous |
CIN history
India1 Payments has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U93090KA2006FLC050581, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U93090KA2006FLC050581 | Current |
| U93090MH2006FTC162937 | Previous |
| U93090KA2006FTC050581 | Previous |
Contact details
India1 Payments Limited's registered office is in Bangalore, Karnataka. Its website is india1payments.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address3rd Floor Orion Building Bagmane Constellation Business Park, Outer Ring Road K.R. Puram Hobli, Bangalore, Karnataka, India – 560048
- IndustryFinancial Services, Digital Payment Solutions
To see the full contact details of India1 Payments 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
India1 Payments operates two associated brands: India1 and India1 Payments. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturer of ATM | india1payments.in | |
| ATM and payment services in India. | india1atm.in |
Business activity
The main business activity of India1 Payments 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 India1 Payments Limited, buy the company report.
Financials of India1 Payments Limited
FY 2025 filings availableIndia1 Payments Limited reported revenue of ₹670.17 Cr (up 4% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 14% over three years, including 4% growth in the latest year. EBITDA rose 3% 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 | ₹271.46 Cr | ||||
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| Net Profit (PAT) | ₹31.03 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 | 40.5% | ||||
| Net Profit Margin | 4.6% | ||||
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To see the full financial statements and ratios of India1 Payments Limited, buy the company report.
Board of directors and KMP of India1 Payments Limited
India1 Payments Limited currently reports 8 directors and 1 key managerial person. 13 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nikhil Mohta | Nominee Director | 05 Feb 2019 | 7 Years 8 Months | Current |
| David Scott Glen | Director | 30 Jun 2006 | 20 Years 4 Months | Current |
| Shaleen Jain | Cfo | 01 Jul 2025 | 1 Years 4 Months | Current |
| Ruchita Taneja Aggarwal | Director | 01 Sep 2021 | 5 Years 2 Months | Current |
| Amrita Gangotra Also directs: Ityukt Digital Solutions LLP, United Spirits Limited, Triveni Turbine Limited and 5 more | Director | 01 Sep 2021 | 5 Years 2 Months | Current |
| Natrajh Ramakrishna | Director | 01 Sep 2021 | 5 Years 2 Months | Current |
Auditor
India1 Payments 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 India1 Payments Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of India1 Payments Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Jun 2021 | 100453807 | Yes Bank Limited | ₹50 Cr | Open | |
| 20 Mar 2021 | 100434820 | Others | ₹4.7 Lakh | Open | |
| 09 Mar 2021 | 100431124 | Hdfc Bank Limited | ₹250 Cr | Open | |
| 19 Oct 2020 | 100384685 | Others | ₹200 Cr | Open | |
| 18 Sep 2020 | 100376688 | Others | ₹125 Cr | Open |
To see the full charge records of India1 Payments Limited, buy the company report.
Total charge records: 32 View all charges
Deals & funding
India1 Payments Limited has 12 deals on record (11 funding rounds, 1 rights issue), with disclosed funding of ₹361.09 Cr; the latest was in January 2021.
Deals on record (5 of 12)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2021 | Funding round | ₹44.52 Cr | Investors: Bti Payments Singapore Pte Limited |
| Aug 2019 | Funding round | ₹105 Cr | Investors: Icici Venture, Bti Payments Singapore Pte Limited |
| Dec 2016 | Funding round | ₹50.48 Cr | Investors: Bti Payments Singapore Pte Limited |
| Jan 2016 | Rights issue | ₹92.56 Cr | Investors: Bti Payments Singapore Pte Limited, Icici Venture |
| Oct 2015 | Funding round | ₹30 Cr | Investors: Bti Payments Singapore Pte Limited, Icici Venture |
To see the full deal history of India1 Payments 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
India1 Payments Limited has 181 court cases on record: 175 filed by India1 Payments, 6 filed against it. 58 cases are pending and 123 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 171 | 1 | 53 |
| High courts | 10 | 5 | 5 |
Cases on record (5 of 181)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Madras High Court | Writ petition | Filed against the company | Pending |
| Madras High Court | Interim or miscellaneous application | Filed against the company | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against an individual | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against an individual | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against an individual | Pending |
To see the full case history of India1 Payments 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
India1 Payments Limited was last rated by Care on 26 Aug 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 26 Aug 2022 |
To see the full credit ratings and regulatory alerts of India1 Payments Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for India1 Payments Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
India1 Payments has 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
GST
India1 Payments has 10 GST registrations: 10 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AADCB0396E1ZR | Karnataka | Active | 01 Jul 2017 |
| 05AADCB0396E1Z1 | Uttarakhand | Active | 01 Jul 2017 |
| 09AADCB0396E1ZT | Uttar Pradesh | Active | 01 Jul 2017 |
| 10AADCB0396E1ZA | Bihar | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of India1 Payments Limited, buy the company report.
Recent activity
India1 Payments Limited has 22 board changes on record since 2006: 9 appointments and 13 cessations. The latest: Shaleen Jain was appointed as CFO on 01 Jul 2025.
83 earlier events are in the company report.
News
Frequently asked questions
India1 Payments is an active public limited foreign company incorporated in india based in Bangalore, Karnataka, India. The company works in digital payment solutions, within the financial services industry. It was incorporated on 30 June 2006 (20+ years old) and is registered under CIN U93090KA2006FLC050581.
India1 Payments has 9 current directors and KMP:
- Nikhil Mohta - Nominee Director
- David Scott Glen - Director
- Ruchita Taneja Aggarwal - Director
- Amrita Gangotra - Director
- Natrajh Ramakrishna - Director
- Srinivas Kondethimmanapalli - Director
- Kamlesh Dadlani - Nominee Director
- Peter Alexander Blackett - Nominee Director
- Shaleen Jain - Cfo
The latest financial statements of India1 Payments on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 19 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of India1 Payments is 29AADCB0396E1ZR, registered in Karnataka. The company has 10 GST registrations in all, of which 10 are active. Other active GSTINs include 05AADCB0396E1Z1 (Uttarakhand), 09AADCB0396E1ZT (Uttar Pradesh), 10AADCB0396E1ZA (Bihar).
The CIN (Corporate Identification Number) of India1 Payments is U93090KA2006FLC050581. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
India1 Payments has 181 court cases on record: 175 filed by the company and 6 filed against it. 58 are pending. Most are in the district courts.
India1 Payments was incorporated on 30 June 2006, making it 20+ years old. It is registered with the Registrar of Companies, Bangalore.
India1 Payments has 12 deals on record (11 funding rounds, 1 rights issue), with disclosed funding of ₹361.09 Cr; the latest was in January 2021.
Shaleen Jain was appointed as CFO on 01 Jul 2025. Kamlesh Dadlani was appointed as Nominee Director on 25 Nov 2024. Natrajh Ramakrishna ceased to be Director on 14 Sep 2022. India1 Payments has 22 board changes on record in total.
India1 Payments can be reached through the website india1payments.in. Its registered office is in Bangalore, Karnataka, India.
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