About Itzcash Payment Solutions Limited
Data last updated:
Itzcash Payment Solutions Limited was a public limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Itz Cash Card Limited. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the digital payment solutions segment of the financial services sector. It was incorporated on 27 March 2014.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U74900MH2014PLC255105.
The company had an authorised share capital of ₹1 Cr and a paid-up capital of ₹5 Lakh. It was led by directors including Sanjay Singh and Vinod Kumar Singh.
Its last annual general meeting (AGM) was held on 29 July 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office was at 2nd Floor Manek Plaza Kalina Cst Road Kolekalyan Santacruz (E), Mumbai, Maharashtra, India – 400098.
As per the financials filed for FY 2021, the company reported a revenue of ₹3,165.88 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹2.01 Lakh (net margin 0%) and EBITDA of -₹2.01 Lakh (EBITDA margin 0%).
The company was associated with 2 brands: EbixCash and Itz Cash Card.
The last known website on record is itzcash.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address2nd Floor Manek Plaza Kalina Cst Road Kolekalyan Santacruz (E), Mumbai, Maharashtra, India – 400098
- 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 Itzcash Payment Solutions Limited
The main business activity of Itzcash Payment Solutions is financial and insurance service. In detail, this covers other financial activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial 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 Itzcash Payment Solutions Limited FY 2019 filings available
Itzcash Payment Solutions Limited reported revenue of ₹3,165.88 Cr (up 756% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR) of Itzcash Payment Solutions Limited
Revenue rose 756% in the latest year. EBITDA fell 633% 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 of Itzcash Payment Solutions Limited
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| 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 | -₹2.01 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹2.01 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 Itzcash Payment Solutions Limited
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0% | •••• | •••• | •••• | •••• |
| 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 Itzcash Payment Solutions are in the company report.
Financial statements from 2015
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 Itzcash Payment Solutions Limited
Itzcash Payment Solutions Limited is compared with the companies closest to it by revenue in the BFSI industry (Payment Solution Providers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Avenuesai Limited Listed | ₹4,065.72 Cr (FY 2025) | •••• | •••• | 28.0% | •••• | Gandhinagar, Gujarat, India |
| National Payments Corporation of India | ₹4,061.64 Cr (FY 2025) | •••• | •••• | 24.0% | •••• | Mumbai, Maharashtra, India |
| Hitachi Payment Services Private Limited | ₹3,215.75 Cr (FY 2025) | •••• | •••• | 20.0% | •••• | Chennai, Tamil Nadu, India |
| Itzcash Payment Solutions Limited this company | ₹3,165.88 Cr (FY 2021) | •••• | •••• | 756.0% | •••• | Mumbai, Maharashtra, India |
| Indiaideas Com Limited | ₹2,446.19 Cr (FY 2024) | •••• | •••• | -12.0% | •••• | Mumbai, Maharashtra, India |
| Sbi Payment Services Private Limited | ₹2,236.45 Cr (FY 2025) | •••• | •••• | 47.0% | •••• | Mumbai, Maharashtra, India |
| Amazon Pay (India) Private Limited | ₹2,195.1 Cr (FY 2025) | •••• | •••• | -7.0% | •••• | Bangalore, Karnataka, India |
| Euronet Services India Private Limited | ₹1,764.79 Cr (FY 2025) | •••• | •••• | 13.0% | •••• | Bangalore, Karnataka, India |
| Resilient Innovations Private Limited | ₹1,733.6 Cr (FY 2025) | •••• | •••• | 17.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Itzcash Payment Solutions by revenue in the BFSI industry (Payment Solution Providers), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Itzcash Payment Solutions Limited
Itzcash Payment Solutions Limited is audited by MGB CO & LLP for the financial year 2017.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| MGB CO & LLP | 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 Itzcash Payment Solutions Limited
Itzcash Payment Solutions has 3 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sanjay Singh | Director | 22 May 2017 | 9 Years 4 Months | As last reported |
| Vinod Kumar Singh | Director | 01 Jan 2018 | 8 Years 9 Months | As last reported |
| Raman Singh Bhati | Director | 15 Oct 2018 | 7 Years 11 Months | As last reported |
Ownership and Shareholding of Itzcash Payment Solutions 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 Itzcash Payment Solutions Limited
Itzcash Payment Solutions Limited does not have any charges (loans) registered with the Registrar of Companies.
Associated Brands with Itzcash Payment Solutions Limited
Itzcash Payment Solutions operates two associated brands: EbixCash and Itz Cash Card. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| App-based money transfer and bill payment platform for individuals and businesses | ebixcash.com | |
| Prepaid card and payment solutions are offered for businesses. | itzcash.com |
Employees and EPFO Compliance at Itzcash Payment Solutions Limited
Employment history and EPFO contributions of people linked to Itzcash Payment Solutions.
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.
News related to Itzcash Payment Solutions Limited
Recent Activity on Itzcash Payment Solutions Limited
Itzcash Payment Solutions Limited has 12 board changes on record since 2014: 3 appointments and 9 cessations. The latest: Raman Singh Bhati ceased to be Additional Director on 29 Jul 2019.
3 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Itzcash Payment Solutions 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 Itzcash Payment Solutions 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 Itzcash Payment Solutions 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 Itzcash Payment Solutions Limited
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 Itzcash Payment Solutions 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 Itzcash Payment Solutions Limited
Itzcash Payment Solutions has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Itzcash Payment Solutions was a public limited company based in Mumbai, Maharashtra, India. The company worked in digital payment solutions, within the financial services industry. It was incorporated on 27 March 2014 and is registered under CIN U74900MH2014PLC255105. The company has been struck off by the Registrar of Companies and is no longer operational.
Itzcash Payment Solutions had 3 directors:
- Sanjay Singh - Director
- Vinod Kumar Singh - Director
- Raman Singh Bhati - Director
The CIN (Corporate Identification Number) of Itzcash Payment Solutions is U74900MH2014PLC255105. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Itzcash Payment Solutions is at 2nd Floor Manek Plaza Kalina Cst Road Kolekalyan Santacruz E, Mumbai, Maharashtra, India – 400098.
Itzcash Payment Solutions was incorporated on 27 March 2014. It is registered with the Registrar of Companies, Mumbai.
Itzcash Payment Solutions can be reached through the website itzcash.com. Its registered office is in Mumbai, Maharashtra, India.
Itzcash Payment Solutions reported revenue of ₹3,165.88 Cr for FY 2021 (up 756% YoY).
Itzcash Payment Solutions has an authorised share capital of ₹1 Cr and a paid-up capital of ₹5 Lakh.
Itzcash Payment Solutions reported a net loss of ₹2.01 Lakh (net margin 0%) and EBITDA of -₹2.01 Lakh (EBITDA margin 0%) for FY 2021, as per its filed financial statements.
Itzcash Payment Solutions operated in the financial services industry, in the digital payment solutions segment. It worked in this industry before it was struck off.