About Microchip Payments Private Limited
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Microchip Payments Private Limited is a private limited company based in Hubli, Karnataka, India, recognised as a startup by DPIIT. It operates in the digital payment solutions segment of the financial services sector. It was incorporated on 22 September 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U29304KA2017PTC106595. Its GSTIN is 29AALCM3455F1Z8 (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹9.05 Lakh. It is led by directors Novman Mohammed and Mohammed Firaq Farhanuddin.
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 Sandbox Startups Next To International Airport Gokul Road Opp To Gokul Village, Hubli, Karnataka, India – 580030.
As per the financials filed for FY 2024, the company reported a revenue of ₹36,000, a decline of 95% compared to the previous year. For the same year it recorded a net loss of ₹3.41 Lakh and EBITDA of -₹3.41 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 60% over three years and 50% over five years.
The company is associated with 1 brand: Microchip Payments. The company has 1 deal on record (1 funding round), with disclosed funding of ₹23.2 Lakh; the latest was in February 2018. Its 10 peer companies in the BFSI industry (Payment Solution Providers) are compared by revenue, 5 larger and 5 smaller; the largest is Capizal Finserv Private Limited.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website microchippayments.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressSandbox Startups Next To International Airport Gokul Road Opp To Gokul Village, Hubli, Karnataka, India – 580030
- IndustryFinancial Services, Digital Payment Solutions
- 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
- One PDF report, delivered after checkout
Business Activity of Microchip Payments Private Limited
The main business activity of Microchip Payments 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 Microchip Payments Private Limited FY 2025 filings available
Microchip Payments Private Limited reported revenue of ₹36,000 (down 95% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Microchip Payments Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 50% over five years, including a 95% fall in the latest year. EBITDA fell 328% 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 Microchip Payments Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | -₹3.41 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹3.41 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 of Microchip Payments Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | •••• | •••• | •••• | •••• | •••• |
| Net Profit Margin | •••• | •••• | •••• | •••• | •••• |
| 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 Microchip Payments are in the company report.
Financial statements from FY 2018
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.
Peer Comparison of Microchip Payments Private Limited
Microchip Payments Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Payment Solution Providers). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Capizal Finserv Private Limited | •••• | •••• | •••• | •••• | - | Pune, Maharashtra, India |
| Eazr Digipayments Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Hindgo Payments Private Limited | •••• | •••• | •••• | •••• | - | Jaipur, Rajasthan, India |
| Hitech Gramin E-Pay Digital Services Private Limited | •••• | •••• | •••• | •••• | - | Kanti, Bihar, India |
| Shiplyst Logistics Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Microchip Payments Private Limited this company | •••• | •••• | •••• | •••• | - | Hubli, Karnataka, India |
| Yippster Technologies Private Limited | •••• | •••• | •••• | •••• | - | Gurgaon, Haryana, India |
| Qed Financial Technology Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| PH Digital Technology Services Private Limited | •••• | •••• | •••• | •••• | - | Aurangabad, Bihar, India |
| Kamadgiripay Technologies Private Limited | •••• | •••• | •••• | •••• | - | Rewa, Madhya Pradesh, India |
| Novo Epay India Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Microchip Payments by revenue in the BFSI industry (Payment Solution Providers), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Board of Directors of Microchip Payments Private Limited
Microchip Payments has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Novman Mohammed | Director | 22 Sep 2017 | 9 Years 0 Months | Current |
| Mohammed Firaq Farhanuddin Also directs: Dravyarunes Systems Private Limited | Director | 22 Sep 2017 | 9 Years 0 Months | Current |
Ownership and Shareholding of Microchip Payments 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 Microchip Payments Private Limited
Microchip Payments Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding of Microchip Payments Private Limited
Microchip Payments Private Limited has 1 deal on record (1 funding round), with disclosed funding of ₹23.2 Lakh; the latest was in February 2018.
Full deal history
All 1 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.
Associated Brands with Microchip Payments Private Limited
Microchip Payments operates one associated brand: Microchip Payments. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Digital payment solutions for diversified event businesses | microchippayments.com |
Employees and EPFO Compliance at Microchip Payments Private Limited
Employment history and EPFO contributions of people linked to Microchip Payments.
Employee and EPFO history
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.
Recent Activity on Microchip Payments Private Limited
Microchip Payments Private Limited has 2 board changes on record since 2017: 2 appointments. The latest: Mohammed Firaq Farhanuddin was appointed as Director on 22 Sep 2017.
Credit Ratings, Litigation & Regulatory Alerts for Microchip Payments 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
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Microchip Payments Private Limited
MSME payment history
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 Microchip Payments Private Limited
Corporate group structure
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.
GST Compliance of Microchip Payments Private Limited
Microchip Payments has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AALCM3455F1Z8 | Karnataka | Active | 15 Dec 2017 |
GST registrations and filing compliance
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.
MCA Filings & Documents of Microchip Payments Private Limited
MCA filings and documents
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.
Frequently Asked Questions about Microchip Payments Private Limited
Microchip Payments is an active private limited company based in Hubli, Karnataka, India. The company works in digital payment solutions, within the financial services industry. It was incorporated on 22 September 2017 (9+ years old) and is registered under CIN U29304KA2017PTC106595.
Microchip Payments reported revenue of ₹36,000 for FY 2024 (down 95% YoY).
Microchip Payments has 2 current directors:
- Novman Mohammed - Director
- Mohammed Firaq Farhanuddin - Director
Microchip Payments reported a net loss of ₹3.41 Lakh and EBITDA of -₹3.41 Lakh for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Microchip Payments is 60% over three years and -50% over five years. In the latest year (FY 2024) revenue fell 95%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Microchip Payments is 29AALCM3455F1Z8, registered in Karnataka.
The CIN (Corporate Identification Number) of Microchip Payments is U29304KA2017PTC106595. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Microchip Payments was incorporated on 22 September 2017, making it 9+ years old. It is registered with the Registrar of Companies, Bangalore.
Microchip Payments has 1 deal on record (1 funding round), with disclosed funding of ₹23.2 Lakh; the latest was in February 2018.
The peers of Microchip Payments by revenue are Capizal Finserv Private Limited, Eazr Digipayments Private Limited, Hindgo Payments Private Limited, Hitech Gramin E-Pay Digital Services Private Limited, Shiplyst Logistics Private Limited and 5 more, all in the BFSI industry (Payment Solution Providers).
Mohammed Firaq Farhanuddin was appointed as Director on 22 Sep 2017. Novman Mohammed was appointed as Director on 22 Sep 2017.