About Manipal Payment and Identity Solutions Limited
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Manipal Payment and Identity Solutions Limited is a public limited company based in Manipal, Karnataka, India, a subsidiary of Manipal Technologies Limited. It operates in the electronic components and equipment manufacturing segment of the technology and IT services sector. It was incorporated on 19 February 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2008PLC045316. Its GSTIN is 29AAFCM4088E1Z9 (Karnataka). The company holds 8 GST registrations, all of them active. It is a listed company as per MCA records. Its shares are listed on BSE: 544916 and NSE: MPIMANIPAL.
The company has an authorised share capital of ₹50 Cr and a paid-up capital of ₹46.36 Cr. It is led by directors including Binoy Sandip Parikh and Padmaja Shailen Ruparel.
Its last annual general meeting (AGM) was held on 17 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Udayavani Building Press Corner, Manipal, Karnataka, India – 576104.
As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹1,326.75 Cr, a growth of 5.6% compared to the previous year. For the same year it recorded a net profit of ₹247.4 Cr (net margin 18.6%) and EBITDA of ₹423.58 Cr (EBITDA margin 31.9%). The net worth stands at ₹791.9 Cr (up 160.3% YoY). Total assets are valued at ₹947.26 Cr (up 8.8% YoY).
The company has about 1,158 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Manipal Payment and Identity Solutions and Manipal Technologies. As per MCA filings, the company has open charges of ₹204.44 Cr and satisfied charges of ₹768.49 Cr on record. Court records list 5 cases involving the company, including 5 filed against it; 1 case is pending. The company has 15 deals on record (8 secondary share transfers, 4 funding rounds, 1 convertible or debt financing), with disclosed funding of ₹491.35 Cr; the latest was in September 2026. The company has 2 MSME Form 1 returns on record for the period ending Mar 2023, listing 6 overdue payments to 3 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 manipaltechnologies.com.
Company details
CIN history
Manipal Payment and Identity Solutions has one previous CIN (Corporate Identification Number): U72900KA2008PTC045316. The current CIN is U72900KA2008PLC045316, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72900KA2008PLC045316 | Current |
| U72900KA2008PTC045316 | Previous |
Contact details
Manipal Payment and Identity Solutions Limited's registered office is in Manipal, Karnataka. Its website is manipaltechnologies.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressUdayavani Building Press Corner, Manipal, Karnataka, India – 576104
- IndustryInformation Technology, Electronic Components & Equipment Manufacturing
To see the full contact details of Manipal Payment and Identity Solutions 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
Manipal Payment and Identity Solutions operates two associated brands: Manipal Payment and Identity Solutions and Manipal Technologies. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| A fintech company offering banking networks and smart card manufacturing solutions | mpimanipal.com | |
| Diversified conglomerate operating across multiple industries | manipaltechnologies.com |
Business activity
The main business activities of Manipal Payment and Identity Solutions are manufacturing and support service to organizations. In detail, this covers printing, reproduction of recorded media and other support services to organizations. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C4 | Printing, reproduction of recorded media | |
| N | Support service to Organizations | N7 | Other support services to organizations |
To see the full business activity and turnover split of Manipal Payment and Identity Solutions Limited, buy the company report.
Financials of Manipal Payment and Identity Solutions Limited
FY 2025-26 filings availableManipal Payment and Identity Solutions Limited reported revenue of ₹1,326.75 Cr (up 5.6% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · StandaloneRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 |
|---|---|---|---|
| Income statement | |||
| Revenue | 1,327 | 1,256 | 1,248 |
| Revenue growth | +5.6% | +0.7% | - |
| EBITDA | 424 | 388 | 335 |
| EBITDA margin | +31.9% | +30.9% | +26.9% |
| Profit before tax | 349 | 354 | 300 |
| Net profit | 247 | 151 | 249 |
| Net profit margin | +18.7% | +12.0% | +20.0% |
| EPS (₹) | 11.40 | 13.65 | 60.24 |
| Balance sheet | |||
| Total assets | 947 | 871 | 945 |
| Net worth | 792 | 304 | 89.61 |
| Total debt | 153 | 565 | 492 |
| Cash & bank | 200 | 85.28 | 544 |
| Net working capital | 468 | 416 | 750 |
| Cash flow | |||
| Cash from operations | 208 | 284 | 309 |
| Cash from investing | 245 | (586) | (75.88) |
| Cash from financing | (328) | (173) | 267 |
| Particulars | Jun 2026 | Mar 2026 | Jun 2025 |
|---|---|---|---|
| Revenue | 409 | 347 | 284 |
| Revenue growth (YoY) | +44.3% | - | - |
| Other income | 5.36 | 9.64 | 9.15 |
| Total expenses | 290 | 240 | 197 |
| EBITDA | 120 | 106 | 86.49 |
| EBITDA margin | +29.2% | +30.6% | +30.5% |
| Depreciation | 18.51 | 16.49 | 13.79 |
| Interest | 4.41 | 4.93 | 33.74 |
| Profit before tax | 102 | 94.45 | 48.11 |
| Tax | 26.09 | 26.13 | 13.68 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Jun 2025 |
|---|---|---|---|
| Revenue | 409 | 347 | 284 |
| Revenue growth (YoY) | +44.3% | - | - |
| Other income | 5.36 | 9.64 | 9.15 |
| Total expenses | 290 | 240 | 197 |
| EBITDA | 120 | 106 | 86.49 |
| EBITDA margin | +29.2% | +30.6% | +30.5% |
| Depreciation | 18.51 | 16.49 | 13.79 |
| Interest | 4.41 | 4.93 | 33.74 |
| Profit before tax | 102 | 94.45 | 48.11 |
| Tax | 26.09 | 26.13 | 13.68 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 |
|---|---|---|---|
| Revenue | 1,327 | 1,256 | 1,248 |
| Revenue growth | +5.6% | +0.7% | - |
| Other income | 29.84 | 131 | 20.45 |
| Total expenses | 903 | 868 | 912 |
| Employee cost | 114 | 104 | 90.35 |
| EBITDA | 424 | 388 | 335 |
| EBITDA margin | +31.9% | +30.9% | +26.9% |
| Depreciation | 56.26 | 55.19 | 34.82 |
| Interest | 47.91 | 109 | 20.40 |
| Profit before tax | 349 | 354 | 300 |
| Tax | 95.80 | 72.24 | 51.19 |
| Net profit | 247 | 151 | 249 |
| Net profit margin | +18.7% | +12.0% | +20.0% |
| EPS (₹) | 11.40 | 13.65 | 60.24 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 |
|---|---|---|---|
| Equity & liabilities | |||
| Share capital | 44.47 | 41.36 | 41.36 |
| Reserves & surplus | 747 | 252 | 37.78 |
| Shareholders' funds (net worth) | 792 | 304 | 89.61 |
| Secured loans | 0.42 | 473 | 449 |
| Unsecured loans | 152 | 91.66 | 42.94 |
| Total debt | 153 | 565 | 492 |
| Total liabilities | 947 | 871 | 945 |
| Assets | |||
| Gross block | 609 | 435 | 319 |
| Net block | 352 | 215 | 138 |
| Capital work in progress | 12.48 | 12.09 | 3.83 |
| Investments | 61.32 | 172 | 0.04 |
| Inventories | 183 | 109 | 112 |
| Sundry debtors | 197 | 139 | 119 |
| Cash & bank balances | 200 | 85.28 | 544 |
| Loans & advances | 102 | 621 | 133 |
| Total current assets | 681 | 955 | 908 |
| Total current liabilities | 214 | 539 | 158 |
| Net working capital | 468 | 416 | 750 |
| Total assets | 947 | 871 | 945 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 |
|---|---|---|---|
| Opening cash | 30.08 | 505 | 4.93 |
| Net cash from operating activities | 208 | 284 | 309 |
| Net cash from investing activities | 245 | (586) | (75.88) |
| Net cash from financing activities | (328) | (173) | 267 |
| Net change in cash | 125 | (475) | 500 |
| Closing cash | 200 | 85.28 | 544 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 |
|---|---|---|---|
| Growth | |||
| Sales growth | +5.6% | +0.7% | - |
| EBITDA growth | +9.3% | +15.7% | - |
| PBT growth | -1.5% | +18.0% | +9997.0% |
| Net income growth | +64.0% | -39.5% | - |
| Profitability & leverage | |||
| Net income margin | +19.1% | +22.5% | +20.0% |
| Return on capital employed | +43.7% | +39.3% | +34.0% |
| Return on net worth | +46.3% | +76.6% | +278.1% |
| Debt / equity | 0.65 | 2.68 | 5.50 |
| Long-term debt / equity | 0.49 | 2.25 | 5.13 |
| Interest cover | 13.04 | 32.82 | 6.79 |
| Efficiency & per share | |||
| Fixed asset turnover | 2.54 | 3.33 | 3.91 |
| Inventory turnover | 9.08 | 11.34 | 11.13 |
| Debtors turnover | 7.89 | 9.73 | 10.46 |
| EPS (₹) | 11.40 | 13.65 | 60.24 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 35.61 | 14.21 | 19.14 |
To see the full year-wise statements and ratios of Manipal Payment and Identity Solutions Limited, buy the company report.
Board of directors and KMP of Manipal Payment and Identity Solutions Limited
Manipal Payment and Identity Solutions Limited currently reports 8 directors and 1 key managerial person. 18 former directors have served the organization.
Auditor
Manipal Payment and Identity Solutions Limited is audited by Manian & Rao for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Manian & Rao | FY 2024 | 001983S |
Shareholding
The shareholding of Manipal Payment and Identity Solutions Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Manipal Payment and Identity Solutions Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 May 2026 | 101305868 | Others | ₹30.3 Lakh | Open | |
| 30 Jan 2026 | 101239626 | Others | ₹100 Cr | Open | |
| 29 Jan 2026 | 101240598 | Axis Bank Limited | ₹4.16 Cr | Open | |
| 30 Jul 2025 | 101137359 | Others | ₹27 Lakh | Open | |
| 18 Jun 2025 | 101123200 | Others | ₹22.11 Lakh | Open |
To see the full charge records of Manipal Payment and Identity Solutions Limited, buy the company report.
Total charge records: 26 View all charges
Deals & funding
Manipal Payment and Identity Solutions Limited has 15 deals on record (8 secondary share transfers, 4 funding rounds, 1 convertible or debt financing), with disclosed funding of ₹491.35 Cr; the latest was in September 2026.
Deals on record (5 of 15)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2026 | IPO | ₹805 Cr | Investors: Public Market Investors Seller: Manipal Technologies Limited |
| Jun 2025 | Secondary share transfer | Undisclosed | Buyer: Amicus Capital Partners Seller: Manipal Technologies Limited |
| Mar 2025 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: Manipal Technologies Limited & S Sudhish Rao, Manipal Media Network Limited , Manipal Technologies Limited & Prabhakara Dayananda Kamath |
| Mar 2024 | Secondary share transfer | Undisclosed | Buyer: Manipal Media Network Limited Seller: Chan Wanich International Company Limited, Glory Wise International Limited, Tridevita Family Trust |
| Jul 2016 | Secondary share transfer | Undisclosed | Buyer: Manipal Technologies Limited Seller: Thomas Greg & Sons Limited |
To see the full deal history of Manipal Payment and Identity Solutions Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Manipal Payment and Identity Solutions Limited has 5 court cases on record: 5 filed against it. 1 case is pending and 4 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 3 | 0 |
| High courts | 2 | 2 | 1 |
Cases on record (4 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Writ petition | Filed against the company by K. L. Hitech Secure Print Limited | Pending |
| High Court for State of Telangana | Writ petition | Filed against the company by K.L. Hitech Secure Print Limited | Disposed |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Complaint ULP) | Filed against the company | Disposed |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Appln.PGA) | Filed against the company | Disposed |
To see the full case history of Manipal Payment and Identity Solutions Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Manipal Payment and Identity Solutions Limited was last rated by Indiarating on 18 May 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Indiarating | 18 May 2021 |
To see the full credit ratings and regulatory alerts of Manipal Payment and Identity Solutions Limited, buy the company report.
MSME payment delays
Manipal Payment and Identity Solutions Limited has 2 MSME Form 1 returns on record for the period ending Mar 2023, listing 6 overdue payments to 3 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 (3 of 3)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Sona Leathers | |||
| Abs Tool and Die Private Limited | |||
| Impressions Rfid Private Limited |
To see the full MSME payment records of Manipal Payment and Identity Solutions Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Manipal Payment and Identity Solutions Limited has a workforce of 1,158 employees on its EPFO records as of Dec 30, 2024, across 1 active EPFO establishment.
GST
Manipal Payment and Identity Solutions has 8 GST registrations: 8 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAFCM4088E1Z9 | Karnataka | Active | 01 Jul 2017 |
| 27AAFCM4088E1ZD | Maharashtra | Active | 01 Jul 2017 |
| 08AAFCM4088E1ZD | Rajasthan | Active | 09 May 2018 |
| 22AAFCM4088E1ZN | Chattisgarh | Active | 12 Apr 2022 |
To see the full GST registrations and return filing status of Manipal Payment and Identity Solutions Limited, buy the company report.
Recent activity
Manipal Payment and Identity Solutions Limited has 26 board changes on record since 2011: 9 appointments and 17 cessations. The latest: Binoy Sandip Parikh was appointed as Director on 23 Jun 2025.
66 earlier events are in the company report.
News
Frequently asked questions
Manipal Payment and Identity Solutions is an active public limited company based in Manipal, Karnataka, India. The company works in electronic components and equipment manufacturing, within the information technology industry. It was incorporated on 19 February 2008 (18+ years old) and is registered under CIN U72900KA2008PLC045316. Listed on BSE: 544916 and NSE: MPIMANIPAL.
Manipal Payment and Identity Solutions reported revenue of ₹1,326.75 Cr for FY 2025-26 (up 5.6% YoY) based on standalone financials.
Manipal Payment and Identity Solutions has 9 current directors and KMP:
- Binoy Sandip Parikh - Director
- Padmaja Shailen Ruparel - Director
- Tonse Gautham Pai - Director
- Rohan Ajila - Director
- Abhay Anant Gupte - Director
- Baikadi Narahari - Director
- Ramchandra Kasargod Kamath - Director
- Kini Kukkundoor Girish - Director
- Hardur Manjunatha Dattatri - Company Secretary
The latest financial statements of Manipal Payment and Identity Solutions on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 17 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Manipal Payment and Identity Solutions is 29AAFCM4088E1Z9, registered in Karnataka. The company has 8 GST registrations in all, of which 8 are active. Other active GSTINs include 27AAFCM4088E1ZD (Maharashtra), 08AAFCM4088E1ZD (Rajasthan), 22AAFCM4088E1ZN (Chattisgarh).
The CIN (Corporate Identification Number) of Manipal Payment and Identity Solutions is U72900KA2008PLC045316. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Manipal Payment and Identity Solutions is a listed company as per MCA records. Its shares are listed on both BSE (code: 544916) and NSE (symbol: MPIMANIPAL).
Manipal Payment and Identity Solutions has 5 court cases on record: 5 filed against it. 1 is pending. Most are in the district courts.
Manipal Payment and Identity Solutions was incorporated on 19 February 2008, making it 18+ years old. It is registered with the Registrar of Companies, Bangalore.
Manipal Payment and Identity Solutions has 15 deals on record (8 secondary share transfers, 4 funding rounds, 1 convertible or debt financing), with disclosed funding of ₹491.35 Cr; the latest was in September 2026.
Binoy Sandip Parikh was appointed as Director on 23 Jun 2025. Kini Kukkundoor Girish was appointed as Director on 23 Jun 2025. Baikadi Narahari was appointed as Director on 12 Nov 2024. Manipal Payment and Identity Solutions has 26 board changes on record in total.