India's Richest People 2026 edition · 1 director · Source: Hurun India
- #1,750 Sheetal Lalwani ₹1,000 Cr
Revenue · FY 2024
₹3.9 Cr
▲ 78% YoY
Net profit · FY 2024
₹5.48 Lakh
Net margin 1.4%
EBITDA · FY 2024
₹11.55 Lakh
EBITDA margin 3%
Authorised capital
₹1.5 Cr
Registered with MCA
Paid-up capital
₹1.12 Cr
Issued & subscribed
Company age
10 yrs
Est. 2016
Directors on board
2
As per MCA filings
Active GSTINs
1
GST registered
About Lotuspay Solutions Private Limited
Data last updated:
Lotuspay Solutions Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of M/S. Lotuspay Inc.. It operates in the digital payment solutions segment of the financial services sector. It was incorporated on 23 June 2016 and has been in existence for over 10 years.
Its director Sheetal Lalwani is #1,750 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74999KA2016PTC209161. Its GSTIN is 06AAKCM4109M1Z9 (Haryana).
The company has an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹1.12 Cr. It was formerly known as Lotus Payments Private Limited and Lotuspay Technologies Private Limited. It is led by directors Vivekananthamoorthy Vimalkumar and Sheetal Kumar Lalwani Chainraj.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2024, the company reported a revenue of ₹3.9 Cr, a growth of 78% compared to the previous year. For the same year it recorded a net profit of ₹5.48 Lakh (net margin 1.4%) and EBITDA of ₹11.55 Lakh (EBITDA margin 3%). Revenue has grown at a compounded annual rate (CAGR) of 70% over three years and 205% over five years.
The company is associated with 1 brand: LotusPay. The company has 5 deals on record (2 rights issues, 1 acquisition, 1 funding round), with disclosed funding of ₹99 Lakh; the latest was in February 2024. Its 3 peer companies in the BFSI industry (Payment Solution Providers), with the same principal business activity (other information & communication service activities) are compared by revenue, 3 larger; the largest is Pralhad Technologies (OPC) Private Limited with revenue of ₹3.99 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website lotuspay.com.
Company details
CIN U74999KA2016PTC209161
Registration Number 209161
Incorporation Date 23 June 2016
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 29 September 2025
Date of Balance Sheet 31 March 2025
Parent Company M/S. Lotuspay Inc.
Compliance Status Active Compliant
Name history
Lotuspay Solutions has undergone 6 name changes throughout its history. The current legal name is Lotuspay Solutions Private Limited.
| Company Name | Status |
|---|---|
| Lotuspay Solutions Private Limited | Current |
| Lotus Payments Private Limited | Previous |
| Lotuspay Technologies Private Limited | Previous |
| Mahavan Solutions Private Limited | Previous |
| Lotus Payment Solutions Private Limited | Previous |
| Lotuspay Software Private Limited | Previous |
CIN history
Lotuspay Solutions has one previous CIN (Corporate Identification Number): U74999HR2016PTC064703. The current CIN is U74999KA2016PTC209161, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74999KA2016PTC209161 | Current |
| U74999HR2016PTC064703 | Previous |
Key People
Vivekananthamoorthy Vimalkumar Nominee Director Sheetal Kumar Lalwani Chainraj Nominee Director Recognitions & Rankings of Lotuspay Solutions
Contact details
Lotuspay Solutions Private Limited's registered office is in Bangalore, Karnataka.
- Social Media
- Registered AddressFirst Floor Indiqube Grape Garden Sy No. 130, 18th Main 1 A Cross 6th Block Kormangala, Bangalore, Karnataka, India – 560095
- IndustryFinancial Services, Digital Payment Solutions
Comprehensive company report
Lotuspay Solutions 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Lotuspay Solutions operates one associated brand: LotusPay. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Recurring payments are collected through NACH Debit by LotusPay. | lotuspay.com |
Business activity
The main business activity of Lotuspay Solutions is information and communication. In detail, this covers other information & communication service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Lotuspay Solutions Private Limited, buy the company report.
Financials of Lotuspay Solutions Private Limited
FY 2025 filings availableLotuspay Solutions Private Limited reported revenue of ₹3.9 Cr (up 78% YoY) for FY 2024.
Revenue · FY 2024
₹3.9 Cr ▲ 78%
Net profit · FY 2024
₹5.48 Lakh margin 1.4%
EBITDA · FY 2024
₹11.55 Lakh margin 3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 78%
3 years · compounded
▲ 70%
5 years · compounded
▲ 205%
EBITDA CAGR growth
1 year
▼ 78%
3 years · compounded
▲ 51%
5 years · compounded
▲ 17%
Revenue has grown at a compounded annual rate (CAGR) of 205% over five years, including 78% growth in the latest year. EBITDA fell 78% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹11.55 Lakh | ||||
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| Net Profit (PAT) | ₹5.48 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 3% | ||||
| Net Profit Margin | 1.4% | ||||
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To see the full financial statements and ratios of Lotuspay Solutions Private Limited, buy the company report.
Board of directors of Lotuspay Solutions Private Limited
Lotuspay Solutions has 2 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 |
|---|---|---|---|---|
| Vivekananthamoorthy Vimalkumar Also directs: Moving Tech Innovations Private Limited, Namma AI Labs Private Limited, Juspay Hypercredit Technologies Private Limited and 3 more | Nominee Director | 29 Jan 2024 | 2 Years 8 Months | Current |
| Sheetal Kumar Lalwani Chainraj | Nominee Director | 29 Jan 2024 | 2 Years 8 Months | Current |
Peer comparison
Lotuspay Solutions 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 information & communication service activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Pralhad Technologies (OPC) Private Limited | ₹3.99 Cr (FY 2022) | 107.0% | Latur, Maharashtra, India | |||
| Sambhavpay Payments Solutions Private Limited | ₹3.94 Cr (FY 2023) | 10667.0% | Gurgaon, Haryana, India | |||
| Vasanis Paymall Private Limited | ₹3.91 Cr (FY 2025) | 2380.0% | Kamrej, Gujarat, India | |||
| Lotuspay Solutions Private Limitedthis company | ₹3.9 Cr (FY 2024) | ₹5.48 Lakh | 1.4% | 78.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Lotuspay Solutions Private Limited, buy the company report.
Deals & funding
Lotuspay Solutions Private Limited has 5 deals on record (2 rights issues, 1 acquisition, 1 funding round), with disclosed funding of ₹99 Lakh; the latest was in February 2024.
Total deals
5
Rights issues
2
Acquisition
1
Funding round
1
Secondary share transfer
1
Disclosed funding
₹99 Lakh
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2024 | Acquisition | Undisclosed | Buyer: Juspay Technologies Private Limited |
| Apr 2019 | Rights issue | ₹80 Lakh | Investors: LotusPay Inc |
| Sep 2018 | Rights issue | ₹50 Lakh | Investors: LotusPay Inc |
| Sep 2017 | Secondary share transfer | Undisclosed | Buyer: LotusPay Inc Seller: an individual |
| Sep 2017 | Funding round | ₹99 Lakh | Investors: LotusPay Inc |
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 Lotuspay 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 Lotuspay Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Lotuspay Solutions has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AAKCM4109M1Z9 | Haryana | Active | 27 Jul 2017 |
To see the full GST registrations and return filing status of Lotuspay Solutions Private Limited, buy the company report.
Recent activity
Lotuspay Solutions Private Limited has 8 board changes on record since 2017: 2 appointments and 6 cessations. The latest: Sheetal Kumar Lalwani Chainraj ceased to be Director on 29 Feb 2024.
AGM
Lotuspay Solutions Private Limited last Annual general meeting of members was held on 29 Sep 2025 as per latest MCA records.
Filing
Lotuspay Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Ceased
Sheetal Kumar Lalwani Chainraj ceased to be Director.
Ceased
Vivekananthamoorthy Vimalkumar ceased to be Director.
Ceased
Atma Krishna ceased to be Director.
Appointed
Sheetal Kumar Lalwani Chainraj was appointed as Nominee Director.
Appointed
Vivekananthamoorthy Vimalkumar was appointed as Nominee Director.
Ceased
Girish Sarin ceased to be Director.
Ceased
Pawan Bajaj ceased to be Additional Director.
Ceased
Dinesh Bhaskarrao Gadge ceased to be Additional Director.
Incorporation
23 Jun 2016
Lotuspay Solutions Private Limited was registered on 23 Jun 2016 with Roc Bangalore & aged 10 years 4 months as per MCA records.
Frequently asked questions
Lotuspay Solutions 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 23 June 2016 (10+ years old) and is registered under CIN U74999KA2016PTC209161.
Lotuspay Solutions has 2 current directors:
- Vivekananthamoorthy Vimalkumar - Nominee Director
- Sheetal Kumar Lalwani Chainraj - Nominee Director
The latest financial statements of Lotuspay Solutions on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from FY 2017 are in the company report.
The GSTIN of Lotuspay Solutions is 06AAKCM4109M1Z9, registered in Haryana.
The CIN (Corporate Identification Number) of Lotuspay Solutions is U74999KA2016PTC209161. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Lotuspay Solutions was incorporated on 23 June 2016, making it 10+ years old. It is registered with the Registrar of Companies, Bangalore.
Lotuspay Solutions has 5 deals on record (2 rights issues, 1 acquisition, 1 funding round), with disclosed funding of ₹99 Lakh; the latest was in February 2024.
The peers of Lotuspay Solutions by revenue are Pralhad Technologies (OPC) Private Limited, Sambhavpay Payments Solutions Private Limited, Vasanis Paymall Private Limited, all in the BFSI industry (Payment Solution Providers), with the same principal business activity (other information & communication service activities).
Sheetal Kumar Lalwani Chainraj ceased to be Director on 29 Feb 2024. Vivekananthamoorthy Vimalkumar ceased to be Director on 29 Feb 2024. Atma Krishna ceased to be Director on 30 Jan 2024. Lotuspay Solutions has 8 board changes on record in total.
Lotuspay Solutions can be reached through the website lotuspay.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Lotuspay Solutions is at First Floor Indiqube Grape Garden Sy No. 130, 18th Main 1 A Cross 6th Block Kormangala, Bangalore, Karnataka, India – 560095.