About Manipal Business Solutions Private Limited
Data last updated: 03 January 2026
Manipal Business Solutions Private Limited is a private limited company based in Manipal, Karnataka, India, a subsidiary of Manipal Technologies Limited. It specialises in online financial services, a part of the broader internet and digital services sector. Incorporated on 31 July 2009, the company has been in operation for over 17 years.
Registered with ROC Bangalore under CIN U72200KA2009PTC050532.
Capital: an authorised share capital of ₹30 Cr and a paid-up capital of ₹23.15 Cr. It is led by directors including Padmaja Shailen Ruparel and Abhay Anant Gupte.
Last AGM: 29 September 2025. Financial statements filed for year ended 31 March 2025. Office: Udayavani Building Press Corner, Manipal, Karnataka, India – 576104.
As per the financials filed for FY 2025, the company reported a revenue of ₹171.92 Cr, a decline of 18% compared to the previous year.
The company has a workforce of approximately 348 employees as per the latest available data. It operates as a subsidiary of Manipal Technologies Limited.
The company is associated with 2 brands - Manipal Business Solutions, Sahipay. As per MCA filings, the company has open charges of ₹20.6 Cr and satisfied charges of ₹25.46 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website manipalbusinesssolutions.com.
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Registered AddressUdayavani Building Press Corner, Manipal, Karnataka, India – 576104
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IndustryInternet, Online Financial Services
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Associated Brands with Manipal Business Solutions Private Limited
Manipal Business Solutions Private Limited operates two associated brands: Manipal Business Solutions and SahiPay. These brands represent Manipal Business Solutions Private Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Fintech solutions for banking, financial inclusion, and compliance services in India. | manipalbusinesssolutions.com | |
| Payment acceptance solutions are provided for businesses via digital methods. | sahipay.com |
Competitors & Alternatives of Manipal Business Solutions Private Limited
Brands and companies operating in the same space as Manipal Business Solutions Private Limited include Spice Money, Kaleidofin, Fino Paytech and 4 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
Spice Money
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Digital payment and banking service provider in rural areas | Noida, India, India | 2000 |
Kaleidofin
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Provider of financial technology solutions for inclusive lending | Chennai, India, India | 2017 |
Fino Paytech
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Technology solutions for banking and financial sectors are provided. | Mumbai, India, India | 2006 |
PayNearby
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Digital payment and banking services are facilitated via retail partnerships. | Mumbai, India, India | 2016 |
Dvara KGFS
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Loans for consumers and SMEs are provided alongside financial services. | Chennai, India, India | 2008 |
Suvidhaa
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Tech-enabled financial and e-commerce services are delivered via retail outlets. | Mumbai, India, India | 2007 |
Sub-K
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Provider of digital financial services for underserved populations | Hyderabad, India, India | 2010 |
Business Activity of Manipal Business Solutions Private Limited
Manipal Business Solutions Private Limited is engaged in the principal business activity of support service to organizations, with detailed activities including other support services to organizations.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| N | Support service to Organizations | N7 | Other support services to organizations | Locked |
Business activity turnover details for Manipal Business Solutions Private Limited
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
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Auditor Details of Manipal Business Solutions Private Limited
Manipal Business Solutions Private Limited is audited by PAI NAYAK & ASSOCIATES for the financial year 2023. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| PAI NAYAK & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history for Manipal Business Solutions Private Limited
Appointment status, appointment dates, cessation dates, and historical auditor changes require an active report plan.
- Appointment status
- Appointment dates
- Cessation dates
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Board of Directors of Manipal Business Solutions Private Limited
Manipal Business Solutions Private Limited is currently managed by 4 directors, with 15 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
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Padmaja Shailen Ruparel
Also directs:
Ester Industries Limited, Manipal Technologies Limited, Manipal Payment And Identity Solutions Limited and 5 more
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Director | 03 Mar 2023 | 3 Years 4 Months | Current |
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Abhay Anant Gupte
Also directs:
Ester Industries Limited, Intellect Design Arena Limited, Manipal Technologies Limited and 3 more
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Director | 28 Sep 2024 | 1 Years 9 Months | Current |
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Tekkar Yashwanth Prabhu
Also directs:
Natural Capsules Limited, Natural Biogenex Private Limited, Simplepay Finance Private Limited and 2 more
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Director | 07 Mar 2012 | 14 Years 4 Months | Current |
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Anand Kudigrama
Also directs:
Manipal Energy & Infratech Limited, Onyx Assets Llp, Manipal Specialty Chemicals Private Limited and 1 more
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Director | 24 Aug 2020 | 5 Years 10 Months | Current |
Financials of Manipal Business Solutions Private Limited FY 2025 filings available
Manipal Business Solutions Private Limited reported revenue of ₹171.92 Cr (down 18.00% YoY) for FY 2025.
Ten-year financial statements for Manipal Business Solutions Private Limited
Historical statement values and trend charts require an active report plan.
- Income statements
- Balance sheets
- Cash-flow statements
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Ownership and Shareholding of Manipal Business Solutions Private Limited
Shareholding and ownership data for Manipal Business Solutions Private Limited
Promoter, institutional, public, and beneficial ownership values require an active report plan.
- Ownership categories
- Historical changes
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- FII and DII holdings
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Charges & Borrowings of Manipal Business Solutions Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 22 Apr 2024 | Others | ₹60 Lakh | Open |
| 21 Aug 2020 | The Catholic Syrian Bank Ltd | ₹20 Cr | Open |
| 27 Jun 2016 | Vijaya Bank | ₹96 Lakh | Satisfied |
| 13 Mar 2014 | Vijaya Bank | ₹1.5 Cr | Satisfied |
| 11 Mar 2014 | Vijaya Bank | ₹18 Cr | Satisfied |
Total charge records: 6 View all charges
Employees and EPFO Compliance at Manipal Business Solutions Private Limited
Manipal Business Solutions Private Limited has a workforce of 348 employees as of Apr 01, 2024.
Employee and EPFO history for Manipal Business Solutions Private Limited
Monthly headcount, contribution history, establishment records, and filing compliance require an active report plan.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
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GST Compliance of Manipal Business Solutions Private Limited
GST registrations and filing compliance for Manipal Business Solutions Private Limited
State-wise registrations, return filing status, HSN and SAC details, and jurisdiction records require an active report plan.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
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Credit Ratings, Litigation & Regulatory Alerts for Manipal Business Solutions Private Limited
Credit ratings, litigation, and regulatory alerts for Manipal Business Solutions Private Limited
Agency ratings, court records, regulatory events, and entity-specific compliance alerts require an active report plan.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
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MSME Payment Delays by Manipal Business Solutions Private Limited
MSME payment history for Manipal Business Solutions Private Limited
Amounts outstanding to micro and small suppliers, delay reasons, and MSME-1 filing history require an active report plan.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
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Subsidiaries & Group Companies of Manipal Business Solutions Private Limited
Corporate group structure for Manipal Business Solutions Private Limited
Parent, subsidiary, associate, joint venture, and ownership records require an active report plan.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
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MCA Filings & Documents of Manipal Business Solutions Private Limited
MCA filings and documents for Manipal Business Solutions Private Limited
Official forms, annual returns, financial statements, charge filings, and document dates require an active report plan.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Recent Activity on Manipal Business Solutions Private Limited
Frequently Asked Questions about Manipal Business Solutions Private Limited
Manipal Business Solutions Private Limited is an active private limited company in the internet sector based in Manipal, Karnataka, India. It was incorporated on 31 July 2009 (17+ years old) and is registered under CIN U72200KA2009PTC050532. The company has 348 employees.
Manipal Business Solutions Private Limited reported revenue of ₹171.92 Cr for FY 2025 (down 18.00% YoY).
The current directors of Manipal Business Solutions Private Limited are:
- Padmaja Shailen Ruparel - Director
- Abhay Anant Gupte - Director
- Tekkar Yashwanth Prabhu - Director
- Anand Kudigrama - Director
The primary industry of Manipal Business Solutions Private Limited is internet. The company specifically operates in online financial services. The company is currently active in this sector.
Manipal Business Solutions Private Limited can be reached at the registered office: Udayavani Building Press Corner, Manipal, Karnataka, India – 576104, or through the website manipalbusinesssolutions.com.
The authorised capital is ₹30 Cr, and the paid-up capital is ₹23.15 Cr.