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Ippopay Technologies Private Limited - financial services in Chennai, Tamil Nadu, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹12.99 Cr
▼ 28% YoY
Net loss · FY 2025
₹30.94 Cr
Net margin -238.1%
EBITDA · FY 2025
-₹29.17 Cr
EBITDA margin -224.5%
Authorised capital
₹10.5 Lakh
Registered with MCA
Paid-up capital
₹1.36 Lakh
Issued & subscribed
Open charges
₹89.96 Lakh
Secured borrowings
Company age
6 yrs
Est. 2020
Employees · EPFO
404
Provident fund records
About Ippopay Technologies Private Limited
Data last updated:
Ippopay Technologies Private Limited is a private limited company based in Chennai, Tamil Nadu, India, recognised as a startup by DPIIT. It operates in the digital payment solutions segment of the financial services sector. It was incorporated on 11 November 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U72900TN2020PTC139372. Its GSTIN is 33AAFCI8968K1ZY (Tamil Nadu). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹10.5 Lakh and a paid-up capital of ₹1.36 Lakh. It is led by director Rajavelu Jaikumar.
Its last annual general meeting (AGM) was held on 27 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Chennai, Tamil Nadu.
As per the financials filed for FY 2025, the company reported a revenue of ₹12.99 Cr, a decline of 28% compared to the previous year. For the same year it recorded a net loss of ₹30.94 Cr (net margin -238.1%) and EBITDA of -₹29.17 Cr (EBITDA margin -224.5%). Revenue has declined at a compounded annual rate (CAGR) of 35% over three years.
The company has about 404 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: IppoStack and IppoPay. As per MCA filings, the company has open charges of ₹89.96 Lakh on record. Court records list 3 cases involving the company, including 3 filed against it. The company has 5 deals on record (2 funding rounds, 2 convertible or debt financings, 1 secondary share transfer), with disclosed funding of ₹33.49 Cr; the latest was in May 2025.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ippopay.com.
Company details
CIN U72900TN2020PTC139372
Registration Number 139372
Incorporation Date 11 November 2020
ROC Chennai
Listing Status Unlisted
Company Status Active
Date of Last AGM 27 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
Key People
Mohan Karuppaiah Ceo Rajavelu Jaikumar Director Recognitions & Rankings of Ippopay Technologies
Contact details
Ippopay Technologies Private Limited's registered office is in Chennai, Tamil Nadu. Its website is ippopay.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressIndiqube Excellence B16 & B17, Thiru – VI – Ka Industrial Estate Guindy, Chennai, Tamil Nadu, India – 600032
- IndustryFinancial Services, Digital Payment Solutions
To see the full contact details of Ippopay Technologies Private Limited, buy the company report.
Comprehensive company report
Ippopay Technologies 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
Ippopay Technologies operates two associated brands: IppoStack and IppoPay. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides banking API solutions tailored for financial institutions to enhance their services. | ippostack.com | |
| QR codes and UPIs are used for business payment acceptance. | ippopay.com |
Business activity
The main business activity of Ippopay Technologies is information and communication. In detail, this covers publishing of computer operating systems, system software, application software, games, etc..
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J2 | Publishing of computer operating systems, system software, application software, games, etc. |
To see the full business activity and turnover split of Ippopay Technologies Private Limited, buy the company report.
Financials of Ippopay Technologies Private Limited
FY 2024 filings availableIppopay Technologies Private Limited reported revenue of ₹12.99 Cr (down 28% YoY) for FY 2025.
Revenue · FY 2025
₹12.99 Cr ▼ 28%
Net loss · FY 2025
₹30.94 Cr margin -238.1%
EBITDA · FY 2025
-₹29.17 Cr margin -224.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 28%
3 years · compounded
▼ 35%
EBITDA CAGR growth
1 year
▲ 40%
3 years · compounded
▼ 40%
Revenue has declined at a compounded annual rate (CAGR) of 35% over three years, including a 28% fall in the latest year. EBITDA rose 40% 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 | -₹29.17 Cr | ||||
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| Net Profit (PAT) | -₹30.94 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | -224.5% | ||||
| Net Profit Margin | -238.1% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Ippopay Technologies Private Limited, buy the company report.
Board of directors and KMP of Ippopay Technologies Private Limited
Ippopay Technologies Private Limited currently reports 1 director and 1 key managerial person.
Current Directors and KMP
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mohan Karuppaiah | Ceo | 15 Jun 2022 | 4 Years 4 Months | Current |
| Rajavelu Jaikumar | Director | 11 Nov 2020 | 5 Years 11 Months | Current |
Auditor
Ippopay Technologies Private Limited is audited by R C A S and Associates LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R C A S and Associates LLP | FY 2023 | S000002 |
Shareholding
The shareholding of Ippopay Technologies Private Limited is on record for 2 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Ippopay Technologies Private Limited, buy the company report.
Charges & borrowings
Open charges
₹89.96 Lakh
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 04 Jan 2023 | 100697957 | Hdfc Bank Limited | ₹19.66 Lakh | Open | |
| 29 Apr 2022 | 100590375 | Hdfc Bank Limited | ₹70.3 Lakh | Open |
Total charge records: 2 View all charges
Deals & funding
Ippopay Technologies Private Limited has 5 deals on record (2 funding rounds, 2 convertible or debt financings, 1 secondary share transfer), with disclosed funding of ₹33.49 Cr; the latest was in May 2025.
Total deals
5
Funding rounds
2
Convertible or debt financings
2
Secondary share transfer
1
Disclosed funding
₹33.49 Cr
Deals on record (3 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2022 | Funding round · Seed | ₹15.63 Cr | Investors: Coinbase Ventures, Better Capital, Blume Ventures |
| Dec 2021 | Funding round | ₹10 Lakh | Investors: 2 individuals |
| Aug 2021 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: an individual |
To see the full deal history of Ippopay Technologies 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
Ippopay Technologies Private Limited has 3 court cases on record: 3 filed against it. All cases are disposed.
Total cases
3
Filed against the company
3
Disposed
3
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 3 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, kachchh at Bhuj, Gujarat | Criminal miscellaneous application | Filed against the company by an individual | Disposed |
| District court, kachchh at Bhuj, Gujarat | Criminal miscellaneous application | Filed against the company by an individual | Disposed |
| District court, kachchh at Bhuj, Gujarat | Criminal miscellaneous application | Filed against the company by an individual | Disposed |
To see the full case history of Ippopay Technologies 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Ippopay Technologies Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Ippopay Technologies Private Limited has a workforce of 404 employees on its EPFO records as of Apr 05, 2024, across 2 active EPFO establishments.
Employee count
404
Active EPFO establishments
2
Employee growth
92.38%
GST
Ippopay Technologies has 3 GST registrations: 3 active.
Total GSTINs
3
Active
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAFCI8968K1ZY | Tamil Nadu | Active | 12 Jan 2021 |
| 29AAFCI8968K1ZN | Karnataka | Active | 12 Jan 2023 |
| 27AAFCI8968K1ZR | Maharashtra | Active | 01 Feb 2023 |
To see the full GST registrations and return filing status of Ippopay Technologies Private Limited, buy the company report.
Recent activity
Ippopay Technologies Private Limited has 2 board changes on record since 2020: 2 appointments. The latest: Mohan Karuppaiah was appointed as CEO on 15 Jun 2022.
AGM
Ippopay Technologies Private Limited last Annual general meeting of members was held on 27 Sep 2024 as per latest MCA records.
Filing
Ippopay Technologies Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chennai.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 19.66 Lakh with Charge ID 100697957 was registered on 04 Jan 2023.
Appointed
Mohan Karuppaiah was appointed as CEO.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 70.30 Lakh with Charge ID 100590375 was registered on 29 Apr 2022.
Appointed
Rajavelu Jaikumar was appointed as Director.
Incorporation
11 Nov 2020
Ippopay Technologies Private Limited was registered on 11 Nov 2020 with Roc Chennai & aged 5 years 11 months as per MCA records.
News
Frequently asked questions
Ippopay Technologies 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 11 November 2020 (6+ years old) and is registered under CIN U72900TN2020PTC139372.
Ippopay Technologies has 2 current directors and KMP:
- Rajavelu Jaikumar - Director
- Mohan Karuppaiah - Ceo
The latest financial statements of Ippopay Technologies on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 27 September 2024. Year-wise statements from FY 2021 are in the company report.
The GSTIN of Ippopay Technologies is 33AAFCI8968K1ZY, registered in Tamil Nadu. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 29AAFCI8968K1ZN (Karnataka), 27AAFCI8968K1ZR (Maharashtra).
The CIN (Corporate Identification Number) of Ippopay Technologies is U72900TN2020PTC139372. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ippopay Technologies has 3 court cases on record: 3 filed against it.
Ippopay Technologies was incorporated on 11 November 2020, making it 6+ years old. It is registered with the Registrar of Companies, Chennai.
Ippopay Technologies has 5 deals on record (2 funding rounds, 2 convertible or debt financings, 1 secondary share transfer), with disclosed funding of ₹33.49 Cr; the latest was in May 2025.
Mohan Karuppaiah was appointed as CEO on 15 Jun 2022. Rajavelu Jaikumar was appointed as Director on 11 Nov 2020.
Yes, Ippopay Technologies is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).