Merchantpay Solutions Private Limited
About Merchantpay Solutions Private Limited
Data last updated:
Merchantpay Solutions Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the online payment gateways segment of the financial services sector. It was incorporated on 18 July 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72300MH2013PTC245843. Its GSTIN is 27AAICM7125R1ZR (Maharashtra).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Sudhir Narayan Abba and Pawankumar Jawahar Lal Jain.
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at 201 Floor – 2 Plot – 577 Triveni Apartment N M Joshi Marg Byculla (W), Mumbai, Maharashtra, India – 400027.
As per the financials filed for FY 2021, the company reported a revenue of ₹72.91 Lakh. For the same year it recorded a net profit of ₹1.91 Lakh (net margin 2.6%) and EBITDA of ₹2.31 Lakh (EBITDA margin 3.2%). Revenue has grown at a compounded annual rate (CAGR) of 552% over three years and 46% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Merchantpay Solutions Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered Address201 Floor – 2 Plot – 577 Triveni Apartment N M Joshi Marg Byculla (W), Mumbai, Maharashtra, India – 400027
- IndustryFinancial Services, Online Payment Gateways
To see the full contact details of Merchantpay Solutions 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
Business activity
The main business activity of Merchantpay Solutions is information and communication. In detail, this covers other information & communication service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Merchantpay Solutions Private Limited, buy the company report.
Financials of Merchantpay Solutions Private Limited
FY 2021 filings availableMerchantpay Solutions Private Limited reported revenue of ₹72.91 Lakh for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 46% over five years. 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| 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 | ₹2.31 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.91 Lakh | ||||
| 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.2% | ||||
| Net Profit Margin | 2.6% | ||||
| 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 Merchantpay Solutions Private Limited, buy the company report.
Board of directors of Merchantpay Solutions Private Limited
Merchantpay Solutions has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pawankumar Jawahar Lal Jain Also directs: Kartepay Technologies LLP, Pharmsquare Medicos LLP, Kwicktix Travel Services LLP and 5 more | Additional Director | 20 Jan 2016 | 10 Years 9 Months | Current |
| Sudhir Narayan Abba Also directs: Kwicktix Travel Services LLP, Systemswift Technologies LLP, Primenexa Digital Solutions Private Limited and 2 more | Director | 18 Jul 2013 | 13 Years 3 Months | Current |
Auditor
Merchantpay Solutions Private Limited is audited by SHARMA PATEL & ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SHARMA PATEL & ASSOCIATES | FY 2019 | 134714W |
Shareholding
The shareholding of Merchantpay Solutions Private Limited is on record for 4 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Merchantpay Solutions Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Merchantpay Solutions 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
No delayed payments to MSME suppliers are on our record for Merchantpay Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Merchantpay Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAICM7125R1ZR | Maharashtra | Active | 20 Jul 2020 |
To see the full GST registrations and return filing status of Merchantpay Solutions Private Limited, buy the company report.
Recent activity
Merchantpay Solutions Private Limited has 3 board changes on record since 2013: 2 appointments and 1 cessation. The latest: Shivani Tulsi Batham ceased to be Director on 01 Oct 2020.
Frequently asked questions
Merchantpay Solutions is an active private limited company based in Mumbai, Maharashtra, India. The company works in online payment gateways, within the financial services industry. It was incorporated on 18 July 2013 (13+ years old) and is registered under CIN U72300MH2013PTC245843.
Merchantpay Solutions has 2 current directors:
- Pawankumar Jawahar Lal Jain - Additional Director
- Sudhir Narayan Abba - Director
The latest financial statements of Merchantpay Solutions on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 November 2021. Year-wise statements from 2015 are in the company report.
The GSTIN of Merchantpay Solutions is 27AAICM7125R1ZR, registered in Maharashtra.
The CIN (Corporate Identification Number) of Merchantpay Solutions is U72300MH2013PTC245843. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Merchantpay Solutions was incorporated on 18 July 2013, making it 13+ years old. It is registered with the Registrar of Companies, Mumbai.
Shivani Tulsi Batham ceased to be Director on 01 Oct 2020. Pawankumar Jawahar Lal Jain was appointed as Additional Director on 20 Jan 2016. Sudhir Narayan Abba was appointed as Director on 18 Jul 2013.
The registered office of Merchantpay Solutions is at 201 Floor – 2 Plot – 577 Triveni Apartment N M Joshi Marg Byculla W, Mumbai, Maharashtra, India – 400027.
Merchantpay Solutions operates in the financial services industry, in the online payment gateways segment.
The compliance status of Merchantpay Solutions is compliant as of 20 July 2026. The company is actively filing with the Registrar of Companies.