About Indiconnect Paytech Private Limited
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Indiconnect Paytech Private Limited is a private limited company based in Aurangabad, Maharashtra, India. It operates in the digital payment solutions segment of the financial services sector. It was incorporated on 19 March 2023.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U62099MH2023PTC399289. Its GSTIN is 27AAHCI0417K1ZL (Maharashtra).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹23.99 Lakh. It is led by directors including Amar Ramchandra Kurund and Ajeet Ashok Dhapate.
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 Aurangabad, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹30.41 Lakh. For the same year it recorded a net loss of ₹98.92 Lakh (net margin -325.3%) and EBITDA of -₹90.75 Lakh (EBITDA margin -298.5%).
The company is associated with 2 brands: IndiConnect and Se2pay India.
For more details, the company can be reached via its website sec2payindia.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressFl No.2 Pl No. 61 Mangal – Murti Apartment, Basayye Nagar, Aurangabad, Maharashtra, India – 431001
- IndustryFinancial Services, Digital Payment Solutions
- 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
Business Activity of Indiconnect Paytech Private Limited
The main business activity of Indiconnect Paytech is information and communication. In detail, this covers other information & communication service activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities | Locked |
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 Indiconnect Paytech Private Limited FY 2025 filings available
Indiconnect Paytech Private Limited reported revenue of ₹30.41 Lakh for FY 2024.
Financial Statement Summary of Indiconnect Paytech Private Limited
| Metrics | FY 2023-24 | FY 2022-23 |
|---|---|---|
| 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 | -₹90.75 Lakh | •••• |
| Profit Before Tax | •••• | •••• |
| Tax Expense | •••• | •••• |
| Net Profit (PAT) | -₹98.92 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 of Indiconnect Paytech Private Limited
| Metrics | FY 2023-24 | FY 2022-23 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | -298.5% | •••• |
| Net Profit Margin | -325.3% | •••• |
| 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 Indiconnect Paytech are in the company report.
Financial statements from FY 2023
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.
Peer Comparison of Indiconnect Paytech Private Limited
Indiconnect Paytech Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Payment Solution Providers). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Payplex Solutions Private Limited | •••• | •••• | •••• | •••• | - | Latehar, Jharkhand, India |
| Veelsplus Touchtech Private Limited | •••• | •••• | •••• | •••• | - | Nagpur, Maharashtra, India |
| Nearex Technologies Private Limited | •••• | •••• | •••• | •••• | - | Bangalore North, Karnataka, India |
| Botmatic Solution Private Limited | •••• | •••• | •••• | •••• | - | Pune, Maharashtra, India |
| Achatz Paiements India Private Limited | •••• | •••• | •••• | •••• | - | Hyderabad, Telangana, India |
| Indiconnect Paytech Private Limited this company | •••• | •••• | •••• | •••• | - | Aurangabad, Maharashtra, India |
| Neosprint India Private Limited | •••• | •••• | •••• | •••• | - | Noida, Uttar Pradesh, India |
| Cybertel Paylink Private Limited | •••• | •••• | •••• | •••• | - | Mahatma Gandhi Marg, Delhi, India |
| Pay2quest Private Limited | •••• | •••• | •••• | •••• | - | Delhi, India |
| A2 Pay Fintech Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Paym Tech Solution Private Limited | •••• | •••• | •••• | •••• | - | Chennai, Tamil Nadu, India |
Peers are the five companies nearest above and the five nearest below Indiconnect Paytech by revenue in the BFSI industry (Payment Solution Providers), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Indiconnect Paytech Private Limited
Indiconnect Paytech Private Limited is audited by SPD & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SPD & ASSOCIATES | 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.
Board of Directors of Indiconnect Paytech Private Limited
Indiconnect Paytech has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Amar Ramchandra Kurund Also directs: Reliable Industrial Gases Private Limited | Director | 21 Mar 2023 | 3 Years 6 Months | Current |
| Ajeet Ashok Dhapate Also directs: Zion Commerce Private Limited, Indinxt Fintech Private Limited, Finjoy Technologies Private Limited and 1 more | Director | 25 Aug 2025 | 1 Years 1 Months | Current |
| Amit Purushottam Tiwari Also directs: Zion Commerce Private Limited, Finjoy Technologies Private Limited, Sec2pay India E-Services Private Limited and 5 more | Director | 19 Mar 2023 | 3 Years 6 Months | Current |
Ownership and Shareholding of Indiconnect Paytech 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 Indiconnect Paytech Private Limited
Indiconnect Paytech Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Associated Brands with Indiconnect Paytech Private Limited
Indiconnect Paytech operates two associated brands: IndiConnect and SE2PAY INDIA. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| A branchless banking platform providing seamless collection, reconciliation, and payouts for businesses. | indiconnect.in | |
| Provides B2B platforms for financial services like recharge, insurance, and compliance tools. | sec2payindia.com |
Employees and EPFO Compliance at Indiconnect Paytech Private Limited
Employment history and EPFO contributions of people linked to Indiconnect Paytech.
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 Indiconnect Paytech Private Limited
Indiconnect Paytech Private Limited has 7 board changes on record since 2023: 3 appointments and 4 cessations. The latest: Ajeet Ashok Dhapate ceased to be Additional Director on 29 Sep 2025.
Credit Ratings, Litigation & Regulatory Alerts for Indiconnect Paytech 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 Indiconnect Paytech 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 Indiconnect Paytech 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 Indiconnect Paytech Private Limited
Indiconnect Paytech has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAHCI0417K1ZL | Maharashtra | Active | 20 Apr 2023 |
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 Indiconnect Paytech 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 Indiconnect Paytech Private Limited
Indiconnect Paytech is an active private limited company based in Aurangabad, Maharashtra, India. The company works in digital payment solutions, within the financial services industry. It was incorporated on 19 March 2023 (3+ years old) and is registered under CIN U62099MH2023PTC399289.
Indiconnect Paytech reported revenue of ₹30.41 Lakh for FY 2024.
Indiconnect Paytech has 3 current directors:
- Amar Ramchandra Kurund - Director
- Ajeet Ashok Dhapate - Director
- Amit Purushottam Tiwari - Director
Indiconnect Paytech reported a net loss of ₹98.92 Lakh (net margin -325.3%) and EBITDA of -₹90.75 Lakh (EBITDA margin -298.5%) for FY 2024, as per its filed financial statements.
The GSTIN of Indiconnect Paytech is 27AAHCI0417K1ZL, registered in Maharashtra.
The CIN (Corporate Identification Number) of Indiconnect Paytech is U62099MH2023PTC399289. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Indiconnect Paytech was incorporated on 19 March 2023, making it 3+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Indiconnect Paytech by revenue are Payplex Solutions Private Limited, Veelsplus Touchtech Private Limited, Nearex Technologies Private Limited, Botmatic Solution Private Limited, Achatz Paiements India Private Limited and 5 more, all in the BFSI industry (Payment Solution Providers).
Ajeet Ashok Dhapate ceased to be Additional Director on 29 Sep 2025. Ajeet Ashok Dhapate was appointed as Director on 25 Aug 2025. Smita Vishvajeet Thombre ceased to be Director on 15 Mar 2024. Indiconnect Paytech has 7 board changes on record in total.
Indiconnect Paytech can be reached through the website sec2payindia.com. Its registered office is in Aurangabad, Maharashtra, India.
The registered office of Indiconnect Paytech is at Fl No.2 Pl No. 61 Mangal – Murti Apartment, Basayye Nagar, Aurangabad, Maharashtra, India – 431001.