MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-OD-19-0020307
Iserveu Technology Private Limited - financial services in Bhubaneswar, Odisha, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹165.5 Cr
▲ 7% YoY
Net profit · FY 2025
₹62.64 Lakh
Net margin 0.4%
EBITDA · FY 2025
₹2.9 Cr
EBITDA margin 1.8%
Authorised capital
₹12.1 Cr
Registered with MCA
Paid-up capital
₹11.03 Cr
Issued & subscribed
Open charges
₹47.51 Cr
Satisfied ₹14.1 Cr
Company age
10 yrs
Est. 2016
Employees · EPFO
402
Provident fund records
About Iserveu Technology Private Limited
Data last updated:
Iserveu Technology Private Limited is a private limited company based in Bhubaneswar, Odisha, India, a subsidiary of Niyogin Fintech Limited. It operates in the digital payment solutions segment of the financial services sector. It was incorporated on 27 September 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Cuttack, under CIN U72900OR2016PTC025851. Its GSTIN is 21AAECI2816B2ZB (Odisha). The company holds 5 GST registrations, of which 4 are active.
The company has an authorised share capital of ₹12.1 Cr and a paid-up capital of ₹11.03 Cr. It is led by directors including Debiprasad Sarangi (Managing Director) and Amit Tyagi (Whole-Time Director).
Its last annual general meeting (AGM) was held on 15 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Plot No. E – 12 Srb Tower 11th Floor Infocity Area Chandaka I E, Bhubaneswar, Odisha, India – 751024.
As per the financials filed for FY 2025, the company reported a revenue of ₹165.5 Cr, a growth of 7% compared to the previous year. For the same year it recorded a net profit of ₹62.64 Lakh (net margin 0.4%) and EBITDA of ₹2.9 Cr (EBITDA margin 1.8%). Revenue has grown at a compounded annual rate (CAGR) of 27% over three years and 49% over five years.
The company has about 402 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: India Post Payments Bank and iServeU. As per MCA filings, the company has open charges of ₹47.51 Cr and satisfied charges of ₹14.1 Cr on record. Court records list 12 cases involving the company, including 8 filed by the company and 4 filed against it; 7 cases are pending. The company has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹66.05 Cr; the latest was in March 2022. Its 3 peer companies in the BFSI industry (Payment Solution Providers), with the same principal business activity (other financial activities) are compared by revenue, 2 larger and 1 smaller; the largest is Skilworth Technologies Private Limited with revenue of ₹177.4 Cr. The company has 2 MSME Form 1 returns on record between 2023 and 2024, listing 3 overdue payments to 2 micro and small suppliers.
Iserveu Technology Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-OD-19-0020307). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website iserveu.in.
Company details
CIN U72900OR2016PTC025851
Registration Number 025851
Incorporation Date 27 September 2016
ROC Cuttack
Listing Status Unlisted
Company Status Active
Date of Last AGM 15 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Niyogin Fintech Limited
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-OD-19-0020307
CIN history
Iserveu Technology has one previous CIN (Corporate Identification Number): U72900TN2016PTC193156. The current CIN is U72900OR2016PTC025851, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72900OR2016PTC025851 | Current |
| U72900TN2016PTC193156 | Previous |
Recognitions & Rankings of Iserveu Technology
Contact details
Iserveu Technology Private Limited's registered office is in Bhubaneswar, Odisha. Its website is iserveu.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPlot No. E – 12 Srb Tower 11th Floor Infocity Area Chandaka I E, Bhubaneswar, Odisha, India – 751024
- IndustryFinancial Services, Digital Payment Solutions
To see the full contact details of Iserveu Technology Private Limited, buy the company report.
Comprehensive company report
Iserveu Technology 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
Iserveu Technology operates two associated brands: India Post Payments Bank and iServeU. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Operates as a commercial bank offering deposits, loans, and payment services. | ippbonline.com | |
| Financial infrastructure platform is offered for banking and remittance services. | iserveu.in |
Business activity
The main business activity of Iserveu Technology 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 Iserveu Technology Private Limited, buy the company report.
Financials of Iserveu Technology Private Limited
FY 2025 filings availableIserveu Technology Private Limited reported revenue of ₹165.5 Cr (up 7% YoY) for FY 2025.
Revenue · FY 2025
₹165.5 Cr ▲ 7%
Net profit · FY 2025
₹62.64 Lakh margin 0.4%
EBITDA · FY 2025
₹2.9 Cr margin 1.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 7%
3 years · compounded
▲ 27%
5 years · compounded
▲ 49%
EBITDA CAGR growth
1 year
▲ 140%
3 years · compounded
▲ 9%
5 years · compounded
▲ 5%
Revenue has grown at a compounded annual rate (CAGR) of 49% over five years, including 7% growth in the latest year. EBITDA rose 140% 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 | ₹2.9 Cr | ||||
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| Net Profit (PAT) | ₹62.64 Lakh | ||||
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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 | 1.8% | ||||
| Net Profit Margin | 0.4% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Iserveu Technology Private Limited, buy the company report.
Board of directors of Iserveu Technology Private Limited
Iserveu Technology has 7 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Amit Rajpal Also directs: Niyogin Fintech Limited, Niyogin Finserv Limited | Director | 13 Jan 2021 | 5 Years 9 Months | Current |
| Tashwinder Harjap Singh Also directs: Standard Industries Limited, NRB Bearings Limited (Full Fledged Public Co), Niyogin Fintech Limited and 5 more | Director | 13 Jan 2021 | 5 Years 9 Months | Current |
| Amit Tyagi Also directs: Berries Advisory Services LLP, Thirty3art Ventures LLP, Fitoor Venture Advisory LLP and 5 more | Whole-Time Director | 15 Jul 2019 | 7 Years 3 Months | Current |
| Debiprasad Sarangi Also directs: Ipeu Technology (OPC) Private Limited | Managing Director | 27 Sep 2016 | 10 Years 0 Months | Current |
| Abhishek Ajit Thakkar | Director | 14 Feb 2023 | 3 Years 8 Months | Current |
| Sandeep Chouhan Also directs: Lakshya Asset Management Private Limited | Director | 10 May 2025 | 1 Years 5 Months | Current |
Showing 6 of 7 current directors. View all directors
Peer comparison
Iserveu Technology Private Limited is compared with the 3 companies closest to it by revenue in the BFSI industry (Payment Solution Providers), with the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Skilworth Technologies Private Limited | ₹177.4 Cr (FY 2025) | -30.0% | Chennai, Tamil Nadu, India | |||
| India Transact Services Limited | ₹176.27 Cr (FY 2024) | -9.0% | Mumbai, Maharashtra, India | |||
| Iserveu Technology Private Limitedthis company | ₹165.5 Cr (FY 2025) | ₹62.64 Lakh | 0.4% | 7.0% | 402 | Bhubaneswar, Odisha, India |
| Npci Bharat Billpay Limited | ₹164.89 Cr (FY 2025) | 68.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Iserveu Technology Private Limited, buy the company report.
Auditor
Iserveu Technology Private Limited is audited by RAWAT & ASSOCIATES for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RAWAT & ASSOCIATES | FY 2024 | 134109W |
Shareholding
The shareholding of Iserveu Technology Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Iserveu Technology Private Limited, buy the company report.
Charges & borrowings
Open charges
₹47.51 Cr
Satisfied charges
₹14.1 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Jan 2026 | 101234687 | Others | ₹6 Cr | Open | |
| 08 May 2025 | 101102724 | Axis Bank Limited | ₹1.5 Cr | Open | |
| 18 Mar 2025 | 101093739 | State Bank of India | ₹90,000 | Open | |
| 18 Oct 2023 | 100807329 | Others | ₹40 Cr | Open | |
| 05 Aug 2024 | 100983080 | Others | ₹4 Cr | Satisfied |
To see the full charge records of Iserveu Technology Private Limited, buy the company report.
Total charge records: 8 View all charges
Deals & funding
Iserveu Technology Private Limited has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹66.05 Cr; the latest was in March 2022.
Total deals
4
Funding rounds
2
Secondary share transfers
2
Disclosed funding
₹66.05 Cr
Deals on record (3 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2020 | Funding round | ₹16.05 Cr | Investors: Niyogin Fintech Limited |
| Dec 2020 | Secondary share transfer | Undisclosed | Buyer: Niyogin Fintech Limited Seller: 4 individuals |
| Jul 2020 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: an individual |
To see the full deal history of Iserveu Technology 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
Iserveu Technology Private Limited has 12 court cases on record: 8 filed by Iserveu Technology, 4 filed against it. 7 cases are pending and 5 are disposed.
Total cases
12
Filed by the company
8
Filed against the company
4
Pending
7
Disposed
5
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 8 | 3 | 6 |
| High courts | 4 | 1 | 1 |
Cases on record (5 of 12)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Kerala | Writ petition | Filed against the company by Aathifpay Ar Private Limited | Pending |
| District court, Khurda, Odisha | Court case (I . c. c) | Filed against the company by an individual | Pending |
| District court, Khurda, Odisha | Court case (I . c. c) | Filed by the company against an individual | Pending |
| District court, North West, Delhi | Court case (CS (COMM.)) | Filed against the company by Altin Capital Advisor Pvt. Ltd Through Its Ar | Pending |
| District court, Khurda, Odisha | Court case (I . c. c) | Filed by the company against an individual | Pending |
To see the full case history of Iserveu Technology 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
Iserveu Technology Private Limited has 2 MSME Form 1 returns on record between 2023 and 2024, listing 3 overdue payments to 2 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 (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Sisa Information Security Private Limited | |||
| Hyperverge Technologies Private Limited |
To see the full MSME payment records of Iserveu Technology Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Iserveu Technology Private Limited has a workforce of 402 employees on its EPFO records as of Sep 23, 2025, across 1 active EPFO establishment.
Employee count
402
Active EPFO establishments
1
Employee growth
13.56%
GST
Iserveu Technology has 5 GST registrations: 4 active and 1 cancelled or inactive.
Total GSTINs
5
Active
4
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 21AAECI2816B2ZB | Odisha | Active | 12 Jul 2017 |
| 29AAECI2816B1ZW | Karnataka | Active | 06 Sep 2024 |
| 07AAECI2816B1Z2 | Delhi | Active | 09 Oct 2024 |
| 07AAECI2816B2Z1 | Delhi | Active | 12 Apr 2025 |
To see the full GST registrations and return filing status of Iserveu Technology Private Limited, buy the company report.
Recent activity
Iserveu Technology Private Limited has 17 board changes on record since 2016: 12 appointments and 5 cessations. The latest: Sandeep Chouhan was appointed as Director on 10 May 2025.
Charges
A charge with Others amounted to Rs. 6.00 Cr with Charge ID 101234687 was registered on 22 Jan 2026.
Charges
A charge with Others of Rs. 40.00 Cr registered on 18 Oct 2023 with Charge ID 100807329 was modified on 29 Sep 2025.
AGM
Iserveu Technology Private Limited last Annual general meeting of members was held on 15 Sep 2025 as per latest MCA records.
Appointed
Sandeep Chouhan was appointed as Director.
Charges
A charge with Axis Bank Limited amounted to Rs. 1.50 Cr with Charge ID 101102724 was registered on 08 May 2025.
Filing
Iserveu Technology Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Cuttack.
Charges
A charge with State Bank Of India amounted to Rs. 0.01 Cr with Charge ID 101093739 was registered on 18 Mar 2025.
Appointed
Samir Mohan Pandiri was appointed as Director.
Ceased
Subhasri Sriram ceased to be Director.
Charges
A charge registered on 17 May 2024 via Charge ID 100931710 with Axis Bank Limited was fully satisfied on 06 Nov 2024.
Charges
A charge registered on 06 May 2024 via Charge ID 100926620 with Others was fully satisfied on 08 Oct 2024.
Charges
A charge registered on 05 Aug 2024 via Charge ID 100983080 with Others was fully satisfied on 27 Sep 2024.
21 earlier events are in the company report.
News
Frequently asked questions
Iserveu Technology is an active private limited company based in Bhubaneswar, Odisha, India. The company works in digital payment solutions, within the financial services industry. It was incorporated on 27 September 2016 (10+ years old) and is registered under CIN U72900OR2016PTC025851.
Iserveu Technology has 7 current directors:
- Debiprasad Sarangi - Managing Director
- Amit Tyagi - Whole-Time Director
- Amit Rajpal - Director
- Tashwinder Harjap Singh - Director
- Abhishek Ajit Thakkar - Director
- Sandeep Chouhan - Director
- Samir Mohan Pandiri - Director
The latest financial statements of Iserveu Technology on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 15 September 2025. Year-wise statements from FY 2017 are in the company report.
The GSTIN of Iserveu Technology is 21AAECI2816B2ZB, registered in Odisha. The company has 5 GST registrations in all, of which 4 are active and 1 is cancelled or inactive. Other active GSTINs include 29AAECI2816B1ZW (Karnataka), 07AAECI2816B1Z2 (Delhi), 07AAECI2816B2Z1 (Delhi).
The CIN (Corporate Identification Number) of Iserveu Technology is U72900OR2016PTC025851. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Iserveu Technology has 12 court cases on record: 8 filed by the company and 4 filed against it. 7 are pending. Most are in the district courts.
Iserveu Technology was incorporated on 27 September 2016, making it 10+ years old. It is registered with the Registrar of Companies, Cuttack.
Iserveu Technology has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹66.05 Cr; the latest was in March 2022.
The peers of Iserveu Technology by revenue are Skilworth Technologies Private Limited, India Transact Services Limited, Npci Bharat Billpay Limited, all in the BFSI industry (Payment Solution Providers), with the same principal business activity (other financial activities).
Sandeep Chouhan was appointed as Director on 10 May 2025. Samir Mohan Pandiri was appointed as Director on 23 Jan 2025. Subhasri Sriram ceased to be Director on 22 Jan 2025. Iserveu Technology has 17 board changes on record in total.
Yes, Iserveu Technology is registered as a medium enterprise under Udyam registration (number: UDYAM-OD-19-0020307).
Iserveu Technology has 2 MSME Form 1 returns on record between 2023 and 2024, listing 3 overdue payments to 2 micro and small suppliers. The latest return was filed on 01 May 2024.