About Naad Software Private Limited
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Naad Software Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the digital payment solutions segment of the financial services sector. It was incorporated on 21 April 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2004PTC033790. Its GSTIN is 29AABCJ4088M1ZZ (Karnataka).
The company has an authorised share capital of ₹31.2 Cr and a paid-up capital of ₹30.8 Cr. It was formerly known as Kitpay Private Limited. It is led by directors Sourabh Jain (Managing Director) and Ruchika Jain.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at No.8 2nd Main 9th Cross Indiranagar First Stage, Bangalore, Karnataka, India – 560038.
As per the financials filed for FY 2025, the company reported a revenue of ₹28 Lakh, a decline of 34% compared to the previous year. For the same year it recorded a net loss of ₹13.25 Lakh (net margin -47.3%) and EBITDA of -₹13.25 Lakh (EBITDA margin -47.3%). Revenue has declined at a compounded annual rate (CAGR) of 11% over three years and 22% over five years.
The company has about 2 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 2 brands: Kitpay and NGPay. The company has 7 deals on record (4 secondary share transfers, 3 funding rounds), with disclosed funding of ₹75.01 Cr; the latest was in September 2017.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website kitpay.in.
Company details
Contact details
Naad Software Private Limited's registered office is in Bangalore, Karnataka. Its website is kitpay.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo.8 2nd Main 9th Cross Indiranagar First Stage, Bangalore, Karnataka, India – 560038
- IndustryFinancial Services, Digital Payment Solutions
To see the full contact details of Naad Software 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
Financials of Naad Software Private Limited
FY 2025 filings availableNaad Software Private Limited reported revenue of ₹28 Lakh (down 34% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 22% over five years, including a 34% fall in the latest year. EBITDA fell 24% 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 | -₹13.25 Lakh | ||||
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| Net Profit (PAT) | -₹13.25 Lakh | ||||
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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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| EBITDA Margin | -47.3% | ||||
| Net Profit Margin | -47.3% | ||||
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To see the full financial statements and ratios of Naad Software Private Limited, buy the company report.
Board of directors of Naad Software Private Limited
Naad Software has 2 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sourabh Jain | Managing Director | 21 Apr 2004 | 22 Years 6 Months | Current |
| Ruchika Jain | Director | 13 Apr 2017 | 9 Years 6 Months | Current |
Auditor
Naad Software Private Limited is audited by VSPV & Co for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VSPV & Co | FY 2022 | 005483N |
Shareholding
The shareholding of Naad Software 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 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
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| Domestic institutional investors (DII) | |||||
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| Others |
To see the full shareholding pattern of Naad Software Private Limited, buy the company report.
Deals & funding
Naad Software Private Limited has 7 deals on record (4 secondary share transfers, 3 funding rounds), with disclosed funding of ₹75.01 Cr; the latest was in September 2017.
Deals on record (4 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2017 | Secondary share transfer | Undisclosed | Buyer: Ruchika Jain Nominee of Next Generation Payments Private Limited Seller: Sourabh Jain Nominee Of Next Generation |
| Aug 2015 | Secondary share transfer | Undisclosed | Buyer: Next Generation Payments Private Limited, Sourabh Jain Nominee Of Next Generation Seller: 3 individuals |
| Sep 2014 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Helion Venture Partners, an individual |
| Sep 2013 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Helion Venture Partners |
To see the full deal history of Naad Software 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
No court or tribunal cases involving Naad Software 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 Naad Software Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Naad Software has 1 subsidiary company. This group structure data is as of FY 2022. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Beyond Payment Private Limited | U74999MH2020PTC337483 |
To see the full group structure of Naad Software Private Limited, buy the company report.
Employees & EPFO
Naad Software Private Limited has a workforce of 2 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
GST
Naad Software has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCJ4088M1ZZ | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Naad Software Private Limited, buy the company report.
Recent activity
Naad Software Private Limited has 12 board changes on record since 2004: 3 appointments and 9 cessations. The latest: Kumud Dwivedi was appointed as Company Secretary on 20 Apr 2019.
3 earlier events are in the company report.
Frequently asked questions
Naad Software is an active private limited company based in Bangalore, Karnataka, India. The company works in digital payment solutions, within the financial services industry. It was incorporated on 21 April 2004 (22+ years old) and is registered under CIN U72200KA2004PTC033790.
Naad Software has 2 current directors:
- Sourabh Jain - Managing Director
- Ruchika Jain - Director
The latest financial statements of Naad Software on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Naad Software is 29AABCJ4088M1ZZ, registered in Karnataka.
The CIN (Corporate Identification Number) of Naad Software is U72200KA2004PTC033790. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Naad Software was incorporated on 21 April 2004, making it 22+ years old. It is registered with the Registrar of Companies, Bangalore.
Naad Software has 7 deals on record (4 secondary share transfers, 3 funding rounds), with disclosed funding of ₹75.01 Cr; the latest was in September 2017.
Kumud Dwivedi was appointed as Company Secretary on 20 Apr 2019. Ruchika Jain ceased to be Additional Director on 29 Sep 2017. Pramod Kumar Jain ceased to be Nominee Director on 13 Apr 2017. Naad Software has 12 board changes on record in total.
Naad Software can be reached through the website kitpay.in. Its registered office is in Bangalore, Karnataka, India.
The registered office of Naad Software is at No.8 2nd Main 9th Cross Indiranagar First Stage, Bangalore, Karnataka, India – 560038.