About Mastercard Technology Private Limited
Data last updated:
Mastercard Technology Private Limited is a private limited company based in Pune City, Maharashtra, India, a subsidiary of Mastercard Asia Pacific Pte. Ltd. It specialises in software development and support services, a part of the broader technology and IT services sector. Incorporated on 10 March 2000, the company has been in operation for over 26 years.
Registered with ROC Pune under CIN U72200PN2000PTC014585.
Capital: an authorised share capital of ₹3 Cr and a paid-up capital of ₹2.12 Cr. Formerly known as Porteco Private Limited and Electracard Services Private Limited. It is led by directors including Gagan Buttan and Joseph Vincent Fernandes.
Last AGM: 26 September 2025. Financial statements filed for year ended 31 March 2025. Office: 9Th Floor Bluegrass Business Park, Pune City, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹4,600.07 Cr, a growth of 33% compared to the previous year.
The company has a workforce of approximately 4,624 employees as per the latest available data. It operates as a subsidiary of Mastercard Asia Pacific Pte. Ltd.
The company is associated with 1 brand - Mastercard. As per MCA filings, the company has satisfied charges of ₹57.07 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 mastercard.com.
- EmailLocked
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- Website
- Social MediaLocked
- Registered Address9Th Floor Bluegrass Business Park, Tower 1 Plot 3/3 Pune Nagar Road, Pune City, Maharashtra, India – 411006
- IndustryInformation Technology, Software Development & Support 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
Name History of Mastercard Technology
Mastercard Technology has undergone 2 name changes throughout its history. The company was previously known as Porteco Private Limited, and Electracard Services Private Limited. The current legal name is Mastercard Technology Private Limited.
| Company Name | Status |
|---|---|
| Mastercard Technology Private Limited | Current |
| Porteco Private Limited | Previous |
| Electracard Services Private Limited | Previous |
Associated Brands with Mastercard Technology
Mastercard Technology 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 |
Competitors & Alternatives of Mastercard Technology
Brands and companies operating in the same space as Mastercard Technology Private Limited include Visa, VocaLink, Interac and 3 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
 Visa | Digital payment solutions are offered to individuals and businesses. | San Francisco, United States, United States | 1958 |
 VocaLink | UK payment systems and ATM platforms are designed and operated. | Rickmansworth, United Kingdom, United Kingdom | 2007 |
 Interac | Canada's national debit payment network is operated by Interac. | Toronto, Canada, Canada | 1984 |
 Rubicon | Payment processing is facilitated for institutions and businesses. | Tirana, Albania, Albania | 2020 |
 eftpos | Debit card payment network | Sydney, Australia, Australia | 2009 |
 BankAxept | Secure card payment acceptance and processing for merchants in Norway. | Oslo, Norway, Norway | 2014 |
Business Activity of Mastercard Technology
The main business activity of Mastercard Technology is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities | Locked |
Business activity turnover details for Mastercard Technology Private Limited
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.
Auditor Details of Mastercard Technology
Mastercard Technology Private Limited is audited by Price Waterhouse & Co. Chartered Accountants LLP for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Price Waterhouse & Co. Chartered Accountants LLP | Locked | Locked | Locked |
Complete auditor history for Mastercard Technology Private Limited
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Mastercard Technology Private Limited
Mastercard Technology has 4 current directors and 22 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gagan Buttan | Whole-Time Director | 02 Nov 2023 | 2 Years 11 Months | Current |
| Joseph Vincent Fernandes | Director | 17 Jan 2023 | 3 Years 8 Months | Current |
| Ramamoorthy Aravindan | Whole-Time Director | 17 Jun 2019 | 7 Years 3 Months | Current |
| Mani Rajesh | Director | 16 Mar 2022 | 4 Years 6 Months | Current |
Financials of Mastercard Technology Private Limited FY 2025 filings available
Mastercard Technology Private Limited reported revenue of ₹4,600.07 Cr (up 33.00% YoY) for FY 2025.
Ten-year financial statements for Mastercard Technology Private Limited
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.
Ownership and Shareholding of Mastercard Technology
Shareholding and ownership data for Mastercard Technology Private Limited
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Mastercard Technology
| Date | Lender | Amount | Status |
|---|---|---|---|
| 19 Jul 2010 | Corporation Bank | ₹8 Cr | Satisfied |
| 27 Feb 2010 | Reliance Capital Ltd | ₹50 Lakh | Satisfied |
| 26 Feb 2010 | Corporation Bank | ₹11.75 Cr | Satisfied |
| 07 Mar 2008 | Axis Bank Limited | ₹33.82 Cr | Satisfied |
| 29 Jan 2007 | Sicom Limited | ₹3 Cr | Satisfied |
Total charge records: 5 View all charges
Employees and EPFO Compliance at Mastercard Technology
Mastercard Technology Private Limited has a workforce of 4,624 employees as of Apr 04, 2024.
Employee and EPFO history for Mastercard Technology Private Limited
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.
GST Compliance of Mastercard Technology
GST registrations and filing compliance for Mastercard Technology Private Limited
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.
Credit Ratings, Litigation & Regulatory Alerts for Mastercard Technology
Credit ratings, litigation, and regulatory alerts for Mastercard Technology Private Limited
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 Mastercard Technology
MSME payment history for Mastercard Technology Private Limited
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 Mastercard Technology
Corporate group structure for Mastercard Technology Private Limited
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.
MCA Filings & Documents of Mastercard Technology
MCA filings and documents for Mastercard Technology Private Limited
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.
Recent Activity on Mastercard Technology
Recent News on Mastercard Technology
Frequently Asked Questions about Mastercard Technology Private Limited
Mastercard Technology is an active private limited company in the information technology sector based in Pune City, Maharashtra, India. It was incorporated on 10 March 2000 (26+ years old) and is registered under CIN U72200PN2000PTC014585. The company has 4,624 employees.
Mastercard Technology reported revenue of ₹4,600.07 Cr for FY 2025 (up 33.00% YoY).
The current directors of Mastercard Technology are:
- Gagan Buttan - Whole-Time Director
- Joseph Vincent Fernandes - Director
- Ramamoorthy Aravindan - Whole-Time Director
- Mani Rajesh - Director
The primary industry of Mastercard Technology is information technology. The company specifically operates in software development and support services. The company is currently active in this sector.
Mastercard Technology can be reached at the registered office: 9Th Floor Bluegrass Business Park, Tower 1 Plot 33 Pune Nagar Road, Pune City, Maharashtra, India – 411006, or through the website mastercard.com.
The authorised capital is ₹3 Cr, and the paid-up capital is ₹2.12 Cr.