MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2023-24)
- Udyam number
- UDYAM-UP-28-0043823
Indipaisa Payment Services Private Limited - financial services in Noida, Uttar Pradesh, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹3.6 Cr
▼ 68% YoY
Net profit · FY 2023
₹22.49 Lakh
Net margin 6.2%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹6.94 Lakh
Issued & subscribed
Company age
13 yrs
Est. 2013
Employees · EPFO
26
Provident fund records
Directors on board
3
As per MCA filings
Active GSTINs
2
GST registered
About Indipaisa Payment Services Private Limited
Data last updated:
Indipaisa Payment Services Private Limited is a private limited company based in Noida, Uttar Pradesh, India, a subsidiary of Nexxo Asia Pacific Pte.Ltd.. It operates in the digital payment solutions segment of the financial services sector. It was incorporated on 21 October 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Kanpur, under CIN U65100UP2013PTC060174. Its GSTIN is 09AAACQ3345F1ZK (Uttar Pradesh). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹6.94 Lakh. It was formerly known as Nexxo India Private Limited and Qpay One Services Private Limited. It is led by directors including Nebil Benaissa and Kannan Narayanan.
Its last annual general meeting (AGM) was held on 31 December 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Tr – 18 Altf Noida Expressway 7th Floor Tower – 1, Unit No. – 1701 Express Trade Tower – 2 B – 36 Sector – 132, Uttar Pradesh, India – 201301.
As per the financials filed for FY 2023, the company reported a revenue of ₹3.6 Cr, a decline of 68% compared to the previous year. For the same year it recorded a net profit of ₹22.49 Lakh (net margin 6.2%). Revenue has declined at a compounded annual rate (CAGR) of 26% over three years and 8% over five years.
The company has about 26 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Indipaisa.
Indipaisa Payment Services Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-UP-28-0043823). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website nexxo.com.
Company details
CIN U65100UP2013PTC060174
Registration Number 060174
Incorporation Date 21 October 2013
ROC Kanpur
Listing Status Unlisted
Company Status Active
Date of Last AGM 31 December 2024
Date of Balance Sheet 31 March 2024
Parent Company Nexxo Asia Pacific Pte.Ltd.
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-UP-28-0043823
Name history
Indipaisa Payment Services has undergone 3 name changes throughout its history. The company was previously known as Nexxo India Private Limited, Qpay One Services Private Limited, and Nexxuspay Services Private Limited. The current legal name is Indipaisa Payment Services Private Limited.
| Company Name | Status |
|---|---|
| Indipaisa Payment Services Private Limited | Current |
| Nexxo India Private Limited | Previous |
| Qpay One Services Private Limited | Previous |
| Nexxuspay Services Private Limited | Previous |
CIN history
Indipaisa Payment Services has one previous CIN (Corporate Identification Number): U72900UP2013PTC060174. The current CIN is U65100UP2013PTC060174, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65100UP2013PTC060174 | Current |
| U72900UP2013PTC060174 | Previous |
Recognitions & Rankings of Indipaisa Payment Services
Contact details
Indipaisa Payment Services Private Limited's registered office is in Noida, Uttar Pradesh. Its website is nexxo.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressTr – 18 Altf Noida Expressway 7th Floor Tower – 1, Unit No. – 1701 Express Trade Tower – 2 B – 36 Sector – 132, Uttar Pradesh, India – 201301
- IndustryFinancial Services, Digital Payment Solutions
To see the full contact details of Indipaisa Payment Services Private Limited, buy the company report.
Comprehensive company report
Indipaisa Payment Services Private Limited - one report that includes everything
- 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
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Brands
Indipaisa Payment Services operates one associated brand: Indipaisa. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides accounting and payroll management solutions for small businesses. | indipaisa.com |
Financials of Indipaisa Payment Services Private Limited
FY 2024 filings availableIndipaisa Payment Services Private Limited reported revenue of ₹3.6 Cr (down 68% YoY) for FY 2023.
Revenue · FY 2023
₹3.6 Cr ▼ 68%
Net profit · FY 2023
₹22.49 Lakh margin 6.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 68%
3 years · compounded
▼ 26%
5 years · compounded
▼ 8%
Revenue has declined at a compounded annual rate (CAGR) of 8% over five years, including a 68% fall 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
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| Net Profit (PAT) | ₹22.49 Lakh | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| Net Profit Margin | 6.2% | ||||
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To see the full financial statements and ratios of Indipaisa Payment Services Private Limited, buy the company report.
Board of directors of Indipaisa Payment Services Private Limited
Indipaisa Payment Services has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nebil Benaissa | Director | 21 Oct 2013 | 13 Years 0 Months | Current |
| Kannan Narayanan | Director | 28 Nov 2016 | 9 Years 10 Months | Current |
| Abhinav Kumar Also directs: Fincentric Technologies Private Limited | Director | 28 Nov 2016 | 9 Years 10 Months | Current |
Peer comparison
Indipaisa 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 (computer programming, consultancy and related activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Apna Recharge Point Private Limited | ₹3.61 Cr (FY 2019) | 2702.0% | Patna, Bihar, India | |||
| Indipaisa Payment Services Private Limitedthis company | ₹3.6 Cr (FY 2023) | ₹22.49 Lakh | 6.2% | -68.0% | 26 | Noida, Uttar Pradesh, India |
| Payaid Payments Private Limited | ₹3.54 Cr (FY 2025) | 2077.0% | Hyderabad, Telangana, India | |||
| Minasa Technologies India Private Limited | ₹3.54 Cr (FY 2024) | 59.0% | Bangalore, Karnataka, India | |||
| Spiritus Payments Private Limited | ₹3.4 Cr (FY 2024) | 511.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Indipaisa Payment Services Private Limited, buy the company report.
Auditor
Indipaisa Payment Services Private Limited is audited by AKLR & Associates for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| AKLR & Associates | FY 2022 | 027427N |
Shareholding
The shareholding of Indipaisa Payment Services Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Indipaisa Payment Services Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Indipaisa Payment Services Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Indipaisa Payment Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Indipaisa Payment Services Private Limited has a workforce of 26 employees on its EPFO records as of Mar 28, 2024, across 2 active EPFO establishments.
Employee count
26
Active EPFO establishments
2
Employee growth
-62.86%
GST
Indipaisa Payment Services has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 09AAACQ3345F1ZK | Uttar Pradesh | Active | 08 Aug 2017 |
| 29AAACQ3345F1ZI | Karnataka | Active | 19 Jun 2022 |
To see the full GST registrations and return filing status of Indipaisa Payment Services Private Limited, buy the company report.
Recent activity
Indipaisa Payment Services Private Limited has 4 board changes on record since 2013: 3 appointments and 1 cessation. The latest: Tribandra Kumar Pande ceased to be Additional Director on 03 Jul 2023.
AGM
Indipaisa Payment Services Private Limited last Annual general meeting of members was held on 31 Dec 2024 as per latest MCA records.
Filing
Indipaisa Payment Services Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Kanpur.
Ceased
Tribandra Kumar Pande ceased to be Additional Director.
Appointed
Abhinav Kumar was appointed as Director.
Appointed
Kannan Narayanan was appointed as Director.
Appointed
Nebil Benaissa was appointed as Director.
Incorporation
21 Oct 2013
Indipaisa Payment Services Private Limited was registered on 21 Oct 2013 with Roc Kanpur & aged 13 years 4 days as per MCA records.
News
Frequently asked questions
Indipaisa Payment Services is an active private limited company based in Noida, Uttar Pradesh, India. The company works in digital payment solutions, within the financial services industry. It was incorporated on 21 October 2013 (13+ years old) and is registered under CIN U65100UP2013PTC060174.
Indipaisa Payment Services has 3 current directors:
- Nebil Benaissa - Director
- Kannan Narayanan - Director
- Abhinav Kumar - Director
The latest financial statements of Indipaisa Payment Services on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 31 December 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Indipaisa Payment Services is 09AAACQ3345F1ZK, registered in Uttar Pradesh. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 29AAACQ3345F1ZI (Karnataka).
The CIN (Corporate Identification Number) of Indipaisa Payment Services is U65100UP2013PTC060174. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Indipaisa Payment Services was incorporated on 21 October 2013, making it 13+ years old. It is registered with the Registrar of Companies, Kanpur.
The peers of Indipaisa Payment Services by revenue are Apna Recharge Point Private Limited, Payaid Payments Private Limited, Minasa Technologies India Private Limited, Spiritus Payments Private Limited, all in the BFSI industry (Payment Solution Providers), with the same principal business activity (computer programming, consultancy and related activities).
Tribandra Kumar Pande ceased to be Additional Director on 03 Jul 2023. Abhinav Kumar was appointed as Director on 28 Nov 2016. Kannan Narayanan was appointed as Director on 28 Nov 2016. Indipaisa Payment Services has 4 board changes on record in total.
Yes, Indipaisa Payment Services is registered as a micro enterprise under Udyam registration (number: UDYAM-UP-28-0043823).
Indipaisa Payment Services can be reached through the website nexxo.com. Its registered office is in Noida, Uttar Pradesh, India.
The registered office of Indipaisa Payment Services is at Tr – 18 Altf Noida Expressway 7th Floor Tower – 1, Unit No. – 1701 Express Trade Tower – 2 B – 36 Sector – 132, Uttar Pradesh, India – 201301.