About Mastercard India Services Private Limited
Data last updated:
Mastercard India Services Private Limited is a foreign private limited company based in Gurgaon, Haryana, India, a subsidiary of Mastercard Asia/Pacific Pte. Ltd.. It operates in the consumer and professional services segment of the travel and hospitality sector. It was incorporated on 18 December 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U93000HR2012FTC047951. Its GSTIN is 06AAICM3958J1Z2 (Haryana). The company holds 5 GST registrations, all of them active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹3.01 Cr. It is led by directors including Rajesh Chopra (Whole-Time Director) and Rishiprabh Jha (Whole-Time Director).
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 4th Floor DLF Plaza Tower Phase – 1 DLF City, Gurgaon, Haryana, India – 122002.
As per the financials filed for FY 2025, the company reported a revenue of ₹1,156.9 Cr, a growth of 15% compared to the previous year. For the same year it recorded a net profit of ₹98.05 Cr (net margin 8.5%) and EBITDA of ₹183.95 Cr (EBITDA margin 15.9%). Revenue has grown at a compounded annual rate (CAGR) of 22% over three years and 14% over five years.
The company has about 1,139 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Mastercard. The company has 3 deals on record (2 rights issues, 1 funding round), with disclosed funding of ₹2 Cr; the latest was in October 2018. The company has 7 MSME Form 1 returns on record between 2019 and 2023, listing 31 overdue payments to 8 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mastercard.co.in.
Company details
Contact details
Mastercard India Services Private Limited's registered office is in Gurgaon, Haryana. Its website is mastercard.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address4th Floor DLF Plaza Tower Phase – 1 DLF City, Gurgaon, Haryana, India – 122002
- IndustryTravel and Hospitality, Consumer Professional Services
To see the full contact details of Mastercard India Services 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
Brands
Mastercard India Services operates one associated brand: Mastercard. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Global payments are processed via card network connections. | mastercard.com |
Business activity
The main business activities of Mastercard India Services are professional, scientific and technical and information and communication. In detail, this covers management consultancy activities and data processing, hosting and related activities; web portal. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M3 | Management consultancy activities | |
| J | Information and communication | J7 | Data processing, hosting and related activities; web portal |
To see the full business activity and turnover split of Mastercard India Services Private Limited, buy the company report.
Financials of Mastercard India Services Private Limited
FY 2025 filings availableMastercard India Services Private Limited reported revenue of ₹1,156.9 Cr (up 15% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 14% over five years, including 15% growth in the latest year. EBITDA rose 72% 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 |
|---|---|---|---|---|---|
| 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 | ₹183.95 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹98.05 Cr | ||||
| 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 15.9% | ||||
| Net Profit Margin | 8.5% | ||||
| 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 | |||||
To see the full financial statements and ratios of Mastercard India Services Private Limited, buy the company report.
Board of directors of Mastercard India Services Private Limited
Mastercard India Services has 4 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajesh Chopra | Whole-Time Director | 14 Nov 2018 | 7 Years 11 Months | Current |
| Rishiprabh Jha | Whole-Time Director | 14 Dec 2018 | 7 Years 10 Months | Current |
| Gautam Aggarwal | Director | 10 Feb 2023 | 3 Years 8 Months | Current |
| Rajnish Kumar | Director | 04 Sep 2023 | 3 Years 1 Months | Current |
Auditor
Mastercard India Services Private Limited is audited by Price Waterhouse & Co Chartered Accountant LLP for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Price Waterhouse & Co Chartered Accountant LLP | FY 2022 | 304026E/E300009 |
Shareholding
The shareholding of Mastercard India Services Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Mastercard India Services Private Limited, buy the company report.
Deals & funding
Mastercard India Services Private Limited has 3 deals on record (2 rights issues, 1 funding round), with disclosed funding of ₹2 Cr; the latest was in October 2018.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2018 | Rights issue | ₹30.83 Cr | Investors: Mastercard Asia Pacific Pte Limited |
| Sep 2017 | Rights issue | ₹57.58 Cr | Investors: Mastercard Asia Pacific Pte Limited |
| Feb 2014 | Funding round | ₹2 Cr | Investors: Mastercard Asia Pacific Pte Limited |
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 Mastercard India Services 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
Mastercard India Services Private Limited has 7 MSME Form 1 returns on record between 2019 and 2023, listing 31 overdue payments to 8 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 8)
To see the full MSME payment records of Mastercard India Services Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Mastercard India Services Private Limited has a workforce of 1,139 employees on its EPFO records as of Mar 31, 2024, across 1 active EPFO establishment.
GST
Mastercard India Services has 5 GST registrations: 5 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AAICM3958J1Z2 | Haryana | Active | 01 Jul 2017 |
| 06AAICM3958J2Z1 | Haryana | Active | 15 Apr 2024 |
| 27AAICM3958J1ZY | Maharashtra | Active | 01 Jul 2017 |
| 29AAICM3958J1ZU | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Mastercard India Services Private Limited, buy the company report.
Recent activity
Mastercard India Services Private Limited has 22 board changes on record since 2012: 13 appointments and 9 cessations. The latest: Vikas Varma ceased to be Whole-Time Director on 04 Sep 2025.
13 earlier events are in the company report.
Frequently asked questions
Mastercard India Services is an active foreign private limited company based in Gurgaon, Haryana, India. The company works in consumer professional services, within the travel and hospitality industry. It was incorporated on 18 December 2012 (14+ years old) and is registered under CIN U93000HR2012FTC047951.
Mastercard India Services has 4 current directors:
- Rajesh Chopra - Whole-Time Director
- Rishiprabh Jha - Whole-Time Director
- Gautam Aggarwal - Director
- Rajnish Kumar - Director
The latest financial statements of Mastercard India Services 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 Mastercard India Services is 06AAICM3958J1Z2, registered in Haryana. The company has 5 GST registrations in all, of which 5 are active. Other active GSTINs include 06AAICM3958J2Z1 (Haryana), 27AAICM3958J1ZY (Maharashtra), 29AAICM3958J1ZU (Karnataka).
The CIN (Corporate Identification Number) of Mastercard India Services is U93000HR2012FTC047951. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mastercard India Services was incorporated on 18 December 2012, making it 14+ years old. It is registered with the Registrar of Companies, Delhi.
Mastercard India Services has 3 deals on record (2 rights issues, 1 funding round), with disclosed funding of ₹2 Cr; the latest was in October 2018.
Vikas Varma ceased to be Whole-Time Director on 04 Sep 2025. Rajnish Kumar was appointed as Director on 04 Sep 2023. Gautam Aggarwal was appointed as Director on 10 Feb 2023. Mastercard India Services has 22 board changes on record in total.
Mastercard India Services has 7 MSME Form 1 returns on record between 2019 and 2023, listing 31 overdue payments to 8 micro and small suppliers. The latest return was filed on 06 Dec 2023.
Mastercard India Services can be reached through the website mastercard.co.in. Its registered office is in Gurgaon, Haryana, India.
The registered office of Mastercard India Services is at 4th Floor DLF Plaza Tower Phase – 1 DLF City, Gurgaon, Haryana, India – 122002.