About Mastercard XBS Technologies Private Limited
Data last updated:
Mastercard XBS Technologies Private Limited is a foreign private limited company based in Pune, Maharashtra, India, a subsidiary of Mastercard Transaction Services (Us) Llc. It operates in the IT services segment of the services sector. It was incorporated on 19 August 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U67190PN2010FTC180804. Its GSTIN is 27AADCT5750A1ZL (Maharashtra).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹35.6 Lakh. It was formerly known as Mastercard Money Transfer Technologies Private Limited. It is led by directors including Shreerang Mohan Vaidya (Whole-Time Director) and Ashutosh Shantaram Raje.
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 11th Floor Bluegrass Business Park, Tower 1 Plot 3/3 Pune Nagar Road, Maharashtra, India – 411006.
As per the financials filed for FY 2025, the company reported a revenue of ₹75.05 Cr, a growth of 15% compared to the previous year. For the same year it recorded a net profit of ₹8.37 Cr (net margin 11.2%) and EBITDA of ₹13.27 Cr (EBITDA margin 17.7%). Revenue has grown at a compounded annual rate (CAGR) of 19% over three years and 22% over five years.
The company has about 127 employees on its provident fund (EPFO) records.
The company has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹34.6 Lakh; the latest was in March 2021. Its 10 peer companies in the same principal business activity (Other information & communication service activities) are compared by revenue, 5 larger and 5 smaller; the largest is Kallatra Technologies Private Limited with revenue of ₹75.9 Cr. The company has 1 MSME Form 1 return on record for the period ending Sep 2022, listing 1 overdue payment to 1 micro and small supplier.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website global.transfast.com.
Name History of Mastercard XBS Technologies Private Limited
Mastercard XBS Technologies has undergone 4 name changes throughout its history. The current legal name is Mastercard Xbs Technologies Private Limited.
| Company Name | Status |
|---|---|
| Mastercard XBS Technologies Private Limited | Current |
| Mastercard Money Transfer Technologies Private Limited | Previous |
| Trans-Fast Remittance India Private Limited | Previous |
| Trans-Fast India Private Limited | Previous |
CIN History of Mastercard XBS Technologies Private Limited
Mastercard XBS Technologies has one previous CIN (Corporate Identification Number): U67190MH2010FTC206754. The current CIN is U67190PN2010FTC180804, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U67190PN2010FTC180804 | Current |
| U67190MH2010FTC206754 | Previous |
- EmailLocked
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- Website
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- Registered Address11th Floor Bluegrass Business Park, Tower 1 Plot 3/3 Pune Nagar Road, Maharashtra, India – 411006
- IndustryService, Information Technology Services
- 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
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Business Activity of Mastercard XBS Technologies Private Limited
The main business activity of Mastercard XBS Technologies 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 Mastercard XBS Technologies Private Limited FY 2025 filings available
Mastercard XBS Technologies Private Limited reported revenue of ₹75.05 Cr (up 15% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Mastercard XBS Technologies Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 22% over five years, including 15% growth in the latest year. EBITDA rose 10% 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 Mastercard XBS Technologies Private Limited
| 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 | ₹13.27 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹8.37 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 of Mastercard XBS Technologies Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 17.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 11.2% | •••• | •••• | •••• | •••• |
| 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 Mastercard XBS Technologies are in the company report.
Financial statements from 2015
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.
Board of Directors of Mastercard XBS Technologies Private Limited
Mastercard XBS Technologies has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashutosh Shantaram Raje Also directs: Mastercard Money Transfer Services India Private Limited | Director | 21 Sep 2014 | 12 Years 1 Months | Current |
| Shreerang Mohan Vaidya Also directs: Mastercard Money Transfer Services India Private Limited | Whole-Time Director | 25 Aug 2022 | 4 Years 1 Months | Current |
| Datla Ravi Varma | Director | 04 Mar 2024 | 2 Years 7 Months | Current |
Peer Comparison of Mastercard XBS Technologies Private Limited
Mastercard XBS Technologies Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Other information & communication service activities). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Kallatra Technologies Private Limited | ₹75.9 Cr (FY 2023) | •••• | •••• | 56.0% | •••• | Bangalore, Karnataka, India |
| Greynium Information Technologies Private Limited | ₹75.52 Cr (FY 2025) | •••• | •••• | 17.0% | •••• | Bangalore, Karnataka, India |
| Caastle Technology and Services India Private Limited | ₹75.48 Cr (FY 2024) | •••• | •••• | 8.0% | •••• | New Delhi, Delhi, India |
| Globocom Infotech Private Limited | ₹75.45 Cr (FY 2024) | •••• | •••• | 48.0% | •••• | Mumbai, Maharashtra, India |
| Intangles Lab Private Limited | ₹75.11 Cr (FY 2025) | •••• | •••• | 20.0% | •••• | Pune, Maharashtra, India |
| Mastercard XBS Technologies Private Limited this company | ₹75.05 Cr (FY 2025) | •••• | •••• | 15.0% | •••• | Pune, Maharashtra, India |
| Brickwork India Private Limited | ₹74.98 Cr (FY 2025) | •••• | •••• | 11.0% | •••• | Bangalore, Karnataka, India |
| Ipdna Communications and Services Private Limited | ₹74.3 Cr (FY 2019) | •••• | •••• | 24.0% | •••• | Hyderabad, Telangana, India |
| Easyrewardz Software Services Private Limited | ₹74.21 Cr (FY 2025) | •••• | •••• | 11.0% | •••• | Gurgaon, Haryana, India |
| V Synergize Outsourcing Private Limited | ₹73.99 Cr (FY 2023) | •••• | •••• | 52.0% | •••• | Pune, Maharashtra, India |
| Stellar Innovations Private Limited | ₹73.98 Cr (FY 2024) | •••• | •••• | 16.0% | •••• | Bangalore, Karnataka, India |
Peers are the five companies nearest above and the five nearest below Mastercard XBS Technologies by revenue in the same principal business activity (Other information & communication service activities), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Mastercard XBS Technologies Private Limited
Mastercard XBS Technologies Private Limited is audited by PRICE WATERHOUSE & CO. CHARTERED ACCOUNTANTS LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| PRICE WATERHOUSE & CO. CHARTERED ACCOUNTANTS LLP | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
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- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Mastercard XBS Technologies Private Limited
Shareholding and ownership data
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 XBS Technologies Private Limited
Mastercard XBS Technologies Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding of Mastercard XBS Technologies Private Limited
Mastercard XBS Technologies Private Limited has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹34.6 Lakh; the latest was in March 2021.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2021 | Secondary share transfer | Undisclosed | Buyer: Transfast Remittance Holdings LLC, Mastercard Transaction Services (US) LLC Seller: Trans-Fast Remittance LLC & Samish Kumar, Trans-Fast Remittance LLC |
| Nov 2014 | Funding round | ₹34.6 Lakh | Investors: Trans-Fast Remittance LLC |
Full deal history
All 2 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.
MSME Payment Delays by Mastercard XBS Technologies Private Limited
Mastercard XBS Technologies Private Limited has 1 MSME Form 1 return on record for the period ending Sep 2022, listing 1 overdue payment to 1 micro and small supplier. 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 (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Maraekat Infotech Limited | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 1 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Mastercard XBS Technologies Private Limited
Mastercard XBS Technologies Private Limited has a workforce of 127 employees as of Apr 09, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
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Recent Activity on Mastercard XBS Technologies Private Limited
Mastercard XBS Technologies Private Limited has 8 board changes on record since 2011: 3 appointments and 5 cessations. The latest: Datla Ravi Varma ceased to be Additional Director on 29 Sep 2024.
Credit Ratings, Litigation & Regulatory Alerts for Mastercard XBS Technologies 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
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Subsidiaries & Group Companies of Mastercard XBS Technologies Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
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GST Compliance of Mastercard XBS Technologies Private Limited
Mastercard XBS Technologies has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCT5750A1ZL | Maharashtra | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
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MCA Filings & Documents of Mastercard XBS Technologies Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
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- Annual returns and statements
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Related news about Mastercard XBS Technologies Private Limited
Frequently Asked Questions about Mastercard XBS Technologies Private Limited
Mastercard XBS Technologies is an active foreign private limited company based in Pune, Maharashtra, India. The company works in information technology services, within the service industry. It was incorporated on 19 August 2010 (16+ years old) and is registered under CIN U67190PN2010FTC180804.
Mastercard XBS Technologies reported revenue of ₹75.05 Cr for FY 2025 (up 15% YoY).
Mastercard XBS Technologies has 3 current directors:
- Shreerang Mohan Vaidya - Whole-Time Director
- Ashutosh Shantaram Raje - Director
- Datla Ravi Varma - Director
Mastercard XBS Technologies reported a net profit of ₹8.37 Cr (net margin 11.2%) and EBITDA of ₹13.27 Cr (EBITDA margin 17.7%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Mastercard XBS Technologies is 19% over three years and 22% over five years. In the latest year (FY 2025) revenue rose 15%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Mastercard XBS Technologies is 27AADCT5750A1ZL, registered in Maharashtra.
The CIN (Corporate Identification Number) of Mastercard XBS Technologies is U67190PN2010FTC180804. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mastercard XBS Technologies was incorporated on 19 August 2010, making it 16+ years old. It is registered with the Registrar of Companies, Pune.
Mastercard XBS Technologies has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹34.6 Lakh; the latest was in March 2021.
The peers of Mastercard XBS Technologies by revenue are Kallatra Technologies Private Limited, Greynium Information Technologies Private Limited, Caastle Technology and Services India Private Limited, Globocom Infotech Private Limited, Intangles Lab Private Limited and 5 more, all in the same principal business activity (Other information & communication service activities).
Datla Ravi Varma ceased to be Additional Director on 29 Sep 2024. Datla Ravi Varma was appointed as Director on 04 Mar 2024. Shreerang Mohan Vaidya ceased to be Whole-Time Director on 29 Sep 2022. Mastercard XBS Technologies has 8 board changes on record in total.
Mastercard XBS Technologies has 1 MSME Form 1 return on record for the period ending Sep 2022, listing 1 overdue payment to 1 micro and small supplier. The latest return was filed on 21 Oct 2022.