About Mag Pay Technologies Private Limited
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Mag Pay Technologies Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the digital payment solutions segment of the financial services sector. It was incorporated on 14 December 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U74999TN2021PTC148563. Its GSTIN is 33AAPCM2729J1Z7 (Tamil Nadu).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Muthuramalingam and Sareshwaran.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Chennai, Tamil Nadu.
As per the financials filed for FY 2023, the company reported a revenue of ₹9.98 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹6,610 (net margin 0.7%) and EBITDA of ₹23,750 (EBITDA margin 2.4%).
The company is associated with 1 brand: Mag Pay.
For more details, the company can be reached via its website magpay.co.in.
Company details
Contact details
Mag Pay Technologies Private Limited's registered office is in Chennai, Tamil Nadu.
- Registered AddressPlot No. 18 Ground Floor, Santhosh Nagar Canal Road Korattur, Chennai, Tamil Nadu, India – 600099
- 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
Brands
Mag Pay Technologies operates one associated brand: Mag Pay. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers agent-enabled solutions for secure money transfers and bill payments. | magpay.co.in |
Business activity
The main business activity of Mag Pay Technologies is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Mag Pay Technologies Private Limited, buy the company report.
Financials of Mag Pay Technologies Private Limited
FY 2023 filings availableMag Pay Technologies Private Limited reported revenue of ₹9.98 Lakh (up 2746% YoY) for FY 2023.
Financial Statement Summary
| Metrics | FY 2022-23 | FY 2021-22 |
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| EBITDA | ₹23,750 | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | ₹6,610 | |
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 2.4% | |
| Net Profit Margin | 0.7% | |
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To see the full financial statements and ratios of Mag Pay Technologies Private Limited, buy the company report.
Board of directors of Mag Pay Technologies Private Limited
Mag Pay Technologies has 4 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dineshkumar Also directs: Studio Wunder Private Limited | Additional Director | 14 Sep 2024 | 2 Years 1 Months | Current |
| Vignesh P Kumar Also directs: Studio Wunder Private Limited | Additional Director | 25 Sep 2024 | 2 Years 1 Months | Current |
| Muthuramalingam Also directs: Krithik Vijayakumar Technologies Private Limited | Director | 10 Dec 2025 | 0 Years 10 Months | Current |
| Sareshwaran Also directs: Krithik Vijayakumar Technologies Private Limited | Director | 10 Dec 2025 | 0 Years 10 Months | Current |
Peer comparison
Mag Pay Technologies 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 financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ezymoney Payment Services Private Limited | ₹10.94 Lakh (FY 2025) | -12.0% | Jaipur, Rajasthan, India | |||
| Mars Protech Private Limited | ₹10 Lakh (FY 2022) | -96.0% | Bengaluru, Karnataka, India | |||
| Mag Pay Technologies Private Limitedthis company | ₹9.98 Lakh (FY 2023) | ₹6,610 | 0.7% | 2746.0% | Chennai, Tamil Nadu, India | |
| Optonpay Solutions Private Limited | ₹9.64 Lakh (FY 2024) | Kolkata, West Bengal, India |
To see the full peer comparison of Mag Pay Technologies Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Mag Pay Technologies 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 Mag Pay Technologies Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Mag Pay Technologies has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAPCM2729J1Z7 | Tamil Nadu | Active | 03 Jan 2022 |
To see the full GST registrations and return filing status of Mag Pay Technologies Private Limited, buy the company report.
Recent activity
Mag Pay Technologies Private Limited has 7 board changes on record since 2022: 4 appointments and 3 cessations. The latest: Muthuramalingam was appointed as Director on 10 Dec 2025.
Frequently asked questions
Mag Pay Technologies is an active private limited company based in Chennai, Tamil Nadu, India. The company works in digital payment solutions, within the financial services industry. It was incorporated on 14 December 2021 (5+ years old) and is registered under CIN U74999TN2021PTC148563.
Mag Pay Technologies has 4 current directors:
- Dineshkumar - Additional Director
- Vignesh P Kumar - Additional Director
- Muthuramalingam - Director
- Sareshwaran - Director
The latest financial statements of Mag Pay Technologies on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from FY 2022 are in the company report.
The GSTIN of Mag Pay Technologies is 33AAPCM2729J1Z7, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Mag Pay Technologies is U74999TN2021PTC148563. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mag Pay Technologies was incorporated on 14 December 2021, making it 5+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Mag Pay Technologies by revenue are Ezymoney Payment Services Private Limited, Mars Protech Private Limited, Optonpay Solutions Private Limited, all in the BFSI industry (Payment Solution Providers), with the same principal business activity (other financial activities).
Muthuramalingam was appointed as Director on 10 Dec 2025. Sareshwaran was appointed as Director on 10 Dec 2025. Mani Yuvaraj ceased to be Director on 18 Oct 2024. Mag Pay Technologies has 7 board changes on record in total.
Mag Pay Technologies can be reached through the website magpay.co.in. Its registered office is in Chennai, Tamil Nadu, India.
The registered office of Mag Pay Technologies is at Plot No. 18 Ground Floor, Santhosh Nagar Canal Road Korattur, Chennai, Tamil Nadu, India – 600099.
Mag Pay Technologies operates in the financial services industry, in the digital payment solutions segment.