About Jade Payment Solutions Private Limited
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Jade Payment Solutions Private Limited is a foreign private limited company based in Chennai, Tamil Nadu, India, a subsidiary of Jade Payments Mena Limited. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 07 August 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U72900TN2015FTC101727. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹23.5 Lakh. It is led by directors Harun Prasad Paramasivam and Kumaraswamy Srimathi.
Its last annual general meeting (AGM) was held on 31 December 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at 3rd Floor 3A G Square No 46 Old Mahabalipuram Road Kandanchavadi, Chennai, Tamil Nadu, India – 600096.
As per the financials filed for FY 2021, the company reported a revenue of ₹27,600, a decline of 100% compared to the previous year. For the same year it recorded a net loss of ₹4.21 Lakh and EBITDA of -₹3.29 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 89% over three years and 66% over five years.
The company has about 18 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Jade One.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website jadepayments.com.
Company details
Contact details
Jade Payment Solutions Private Limited's registered office is in Chennai, Tamil Nadu. Its website is jadepayments.com. Its e-mail address is in the company report.
- Email
- Website
- Registered Address3rd Floor 3A G Square No 46 Old Mahabalipuram Road Kandanchavadi, Chennai, Tamil Nadu, India – 600096
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Jade Payment Solutions Private Limited, buy the company report.
- 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
Brands
Jade Payment Solutions operates one associated brand: Jade One. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Cash is transformed into various formats for business transactions. | jadepayments.com |
Business activity
The main business activity of Jade Payment Solutions is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Jade Payment Solutions Private Limited, buy the company report.
Financials of Jade Payment Solutions Private Limited
FY 2021 filings availableJade Payment Solutions Private Limited reported revenue of ₹27,600 (down 100% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 66% over five years. EBITDA fell 102% 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
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| EBITDA | -₹3.29 Lakh | ||||
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| Net Profit (PAT) | -₹4.21 Lakh | ||||
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Financial Ratios
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To see the full financial statements and ratios of Jade Payment Solutions Private Limited, buy the company report.
Board of directors of Jade Payment Solutions Private Limited
Jade Payment Solutions has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Harun Prasad Paramasivam Also directs: Bzpay Solutions India Private Limited | Director | 07 Aug 2015 | 11 Years 3 Months | Current |
| Kumaraswamy Srimathi Also directs: Bzpay Solutions India Private Limited | Director | 02 Dec 2020 | 5 Years 11 Months | Current |
Peer comparison
Jade Payment Solutions Private Limited is compared with the 8 companies closest to it by revenue in 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 |
|---|---|---|---|---|---|---|
| VD Cloud Technologies Private Limited | ₹27,730 (FY 2019) | -79.0% | Hyderabad, Telangana, India | |||
| Nxtact Brand Media Private Limited | ₹27,700 (FY 2019) | Kakkanad, Kerala, India | ||||
| 3Qi Labs India Private Limited | ₹27,680 (FY 2025) | 16.0% | Chennai, Tamil Nadu, India | |||
| Lasaware Technologies Private Limited | ₹27,602 (FY 2024) | 75.0% | New Delhi, Delhi, India | |||
| Jade Payment Solutions Private Limitedthis company | ₹27,600 (FY 2021) | -₹4.21 Lakh | -100.0% | 18 | Chennai, Tamil Nadu, India | |
| Worldiq Technologies Private Limited | ₹27,541 (FY 2021) | -69.0% | Salt Lake, Kolkata, West Bengal, India | |||
| Dib Marketing Private Limited | ₹27,500 (FY 2018) | -35.0% | Varanasi, Uttar Pradesh, India | |||
| Kneox IT Solutions Private Limited | ₹27,311 (FY 2019) | 73.0% | Hyderabar, Telangana, India | |||
| 79Minutes E-Commerce Solutions Private Limited | ₹27,304 (FY 2016) | Delhi, India |
To see the full peer comparison of Jade Payment Solutions Private Limited, buy the company report.
Auditor
Jade Payment Solutions Private Limited is audited by A R KRISHNAN & ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A R KRISHNAN & ASSOCIATES | FY 2019 | 009805S |
Shareholding
The shareholding of Jade Payment Solutions Private Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Jade Payment Solutions Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Jade Payment Solutions 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 Jade Payment Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Jade Payment Solutions Private Limited has a workforce of 18 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Jade Payment Solutions has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Jade Payment Solutions Private Limited, buy the company report.
Recent activity
Jade Payment Solutions Private Limited has 10 board changes on record since 2015: 6 appointments and 4 cessations. The latest: Belur Raghavendrarao Vasuki ceased to be Director on 02 Dec 2020.
1 earlier event is in the company report.
Frequently asked questions
Jade Payment Solutions is an active foreign private limited company based in Chennai, Tamil Nadu, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 07 August 2015 (11+ years old) and is registered under CIN U72900TN2015FTC101727.
Jade Payment Solutions has 2 current directors:
- Harun Prasad Paramasivam - Director
- Kumaraswamy Srimathi - Director
The latest financial statements of Jade Payment Solutions on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 31 December 2021. Year-wise statements from FY 2016 are in the company report.
No. Jade Payment Solutions has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Jade Payment Solutions is U72900TN2015FTC101727. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Jade Payment Solutions was incorporated on 07 August 2015, making it 11+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Jade Payment Solutions by revenue are VD Cloud Technologies Private Limited, Nxtact Brand Media Private Limited, 3Qi Labs India Private Limited, Lasaware Technologies Private Limited, Worldiq Technologies Private Limited and 3 more, all in the same principal business activity (computer programming, consultancy and related activities).
Belur Raghavendrarao Vasuki ceased to be Director on 02 Dec 2020. Kumaraswamy Srimathi was appointed as Director on 02 Dec 2020. Robert Mark Groombridge ceased to be Director on 12 Apr 2019. Jade Payment Solutions has 10 board changes on record in total.
Jade Payment Solutions can be reached through the website jadepayments.com. Its registered office is in Chennai, Tamil Nadu, India.
The registered office of Jade Payment Solutions is at 3rd Floor 3A G Square No 46 Old Mahabalipuram Road Kandanchavadi, Chennai, Tamil Nadu, India – 600096.
Jade Payment Solutions operates in the information technology industry, in the IT consulting and support services segment.
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