About Lotuspay Solutions Private Limited
Data last updated:
Lotuspay Solutions Private Limited is a private limited company based in Bangalore South, 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.
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 South, 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 10 peer companies in the BFSI industry (Payment Solution Providers) are compared by revenue, 5 larger and 5 smaller; the largest is Finreliable Technology Private Limited.
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.
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social Media
- Registered AddressFirst Floor Indiqube Grape Garden Sy No. 130, 18th Main 1 A Cross 6th Block Kormangala, Bangalore South, Karnataka, India – 560095
- 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 Lotuspay Solutions Private Limited
The main business activity of Lotuspay Solutions is information and communication. In detail, this covers other information & communication service activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service 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 Lotuspay Solutions Private Limited FY 2025 filings available
Lotuspay Solutions Private Limited reported revenue of ₹3.9 Cr (up 78% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Lotuspay Solutions Private Limited
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 of Lotuspay Solutions Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹11.55 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹5.48 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 Lotuspay Solutions Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 1.4% | •••• | •••• | •••• | •••• |
| 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 Lotuspay Solutions are in the company report.
Financial statements from FY 2017
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 Lotuspay Solutions Private Limited
Lotuspay Solutions Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Payment Solution Providers). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Finreliable Technology Private Limited | •••• | •••• | •••• | •••• | - | Gurgaon, Haryana, India |
| Instamotion Solutions Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Pralhad Technologies (OPC) Private Limited | •••• | •••• | •••• | •••• | - | Latur, Maharashtra, India |
| Sambhavpay Payments Solutions Private Limited | •••• | •••• | •••• | •••• | - | Sadar Bazar, Haryana, India |
| Vasanis Paymall Private Limited | •••• | •••• | •••• | •••• | - | Kamrej, Gujarat, India |
| Lotuspay Solutions Private Limited this company | •••• | •••• | •••• | •••• | - | Bangalore South, Karnataka, India |
| Rebatesoft Services Private Limited | •••• | •••• | •••• | •••• | - | Sanganer, Rajasthan, India |
| Harsh Pay Digital Services Private Limited | •••• | •••• | •••• | •••• | - | Konnagar, West Bengal, India |
| Paythrough Softwares and Solutions Private Limited | •••• | •••• | •••• | •••• | - | Pune, Maharashtra, India |
| Owlx Fintech Solutions Private Limited | •••• | •••• | •••• | •••• | - | Bangalore South, Karnataka, India |
| Decfin Tech Private Limited | •••• | •••• | •••• | •••• | 15 | Bangalore North, Karnataka, India |
Peers are the five companies nearest above and the five nearest below Lotuspay Solutions by revenue in the BFSI industry (Payment Solution Providers), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in 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.
| 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 |
Charges & Borrowings of Lotuspay Solutions Private Limited
Lotuspay Solutions Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding of Lotuspay Solutions Private Limited
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.
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 |
Full deal history
All 5 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Associated Brands with Lotuspay Solutions Private Limited
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 |
Employees and EPFO Compliance at Lotuspay Solutions Private Limited
Employment history and EPFO contributions of people linked to Lotuspay 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.
Name History of Lotuspay Solutions Private Limited
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 of Lotuspay Solutions Private Limited
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 |
Recent Activity on Lotuspay Solutions Private Limited
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.
Credit Ratings, Litigation & Regulatory Alerts for Lotuspay Solutions Private 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 Lotuspay Solutions Private 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 Lotuspay Solutions Private 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 Lotuspay Solutions Private Limited
Lotuspay Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AAKCM4109M1Z9 | Haryana | Active | 27 Jul 2017 |
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 Lotuspay Solutions Private 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 Lotuspay Solutions Private Limited
Lotuspay Solutions is an active private limited company based in Bangalore South, 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 reported revenue of ₹3.9 Cr for FY 2024 (up 78% YoY).
Lotuspay Solutions has 2 current directors:
- Vivekananthamoorthy Vimalkumar - Nominee Director
- Sheetal Kumar Lalwani Chainraj - Nominee Director
Lotuspay Solutions reported a net profit of ₹5.48 Lakh (net margin 1.4%) and EBITDA of ₹11.55 Lakh (EBITDA margin 3%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Lotuspay Solutions is 70% over three years and 205% over five years. In the latest year (FY 2024) revenue rose 78%. CAGR is the steady yearly rate that links the first and the last year.
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 Finreliable Technology Private Limited, Instamotion Solutions Private Limited, Pralhad Technologies (OPC) Private Limited, Sambhavpay Payments Solutions Private Limited, Vasanis Paymall Private Limited and 5 more, all in the BFSI industry (Payment Solution Providers).
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.