About M.R.L Posnet Private Limited
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M.R.L Posnet Private Limited is a private limited company based in Chennai, Tamil Nadu, India, a subsidiary of Worldline It And Payment Services (Singapore) Pte Ltd. It operates in the online payment gateways segment of the financial services sector. It was incorporated on 09 April 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U45200TN2008PTC067275. Its GSTIN is 33AAECP7679M1ZQ (Tamil Nadu). The company holds 4 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹25 Cr and a paid-up capital of ₹23.9 Cr. It was formerly known as Pradipti Developers Private Limited. It is led by directors including Deepak Chandnani and Ramesh Narasimhan.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Sunny Side West Block 1st Floor 8/17 Shafee Mohammed Road Nungambakkam, Chennai, Tamil Nadu, India – 600034.
As per the financials filed for FY 2024, the company reported a revenue of ₹46.05 Cr, a decline of 4% compared to the previous year. For the same year it recorded a net profit of ₹3.35 Cr (net margin 7.3%) and EBITDA of ₹7.61 Cr (EBITDA margin 16.5%). Revenue has declined at a compounded annual rate (CAGR) of 11% over three years and 19% over five years.
The company has about 141 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: MRL Posnet. As per MCA filings, the company has satisfied charges of ₹82.71 Cr on record. Court records list 7 cases involving the company, including 4 filed by the company and 3 filed against it. The company has 6 deals on record (5 secondary share transfers, 1 funding round), with disclosed funding of ₹101.59 Cr; the latest was in October 2017.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mrlposnet.com.
Company details
Contact details
M.R.L Posnet Private Limited's registered office is in Chennai, Tamil Nadu. Its website is mrlposnet.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressSunny Side West Block 1st Floor 8/17 Shafee Mohammed Road Nungambakkam, Chennai, Tamil Nadu, India – 600034
- IndustryFinancial Services, Online Payment Gateways
To see the full contact details of M.R.L Posnet 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
Brands
M.R.L Posnet operates one associated brand: MRL Posnet. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Merchant acquiring solutions are offered to businesses and merchants. | mrlposnet.com |
Business activity
The main business activity of M.R.L Posnet is information and communication. In detail, this covers data processing, hosting and related activities; web portal.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J7 | Data processing, hosting and related activities; web portal |
To see the full business activity and turnover split of M.R.L Posnet Private Limited, buy the company report.
Financials of M.R.L Posnet Private Limited
FY 2024 filings availableM.R.L Posnet Private Limited reported revenue of ₹46.05 Cr (down 4% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 19% over five years, including a 4% fall in the latest year. EBITDA fell 43% 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹7.61 Cr | ||||
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| Net Profit (PAT) | ₹3.35 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA Margin | 16.5% | ||||
| Net Profit Margin | 7.3% | ||||
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To see the full financial statements and ratios of M.R.L Posnet Private Limited, buy the company report.
Board of directors of M.R.L Posnet Private Limited
M.R.L Posnet has 3 current directors and 16 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Deepak Chandnani Also directs: Worldline Global Services Private Limited | Director | 01 Apr 2022 | 4 Years 6 Months | Current |
| Ramesh Narasimhan | Director | 01 Apr 2022 | 4 Years 6 Months | Current |
| Yogesh Shivnath Sawant | Director | 20 Sep 2024 | 2 Years 1 Months | Current |
Auditor
M.R.L Posnet Private Limited is audited by Walker Chandiok & Co LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Walker Chandiok & Co LLP | FY 2023 | 001076N/N500013 |
Shareholding
The shareholding of M.R.L Posnet Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
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| Others |
To see the full shareholding pattern of M.R.L Posnet Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Aug 2017 | 100120884 | Others | ₹10 Cr | Satisfied | |
| 28 Mar 2017 | 100100563 | Others | ₹5 Cr | Satisfied | |
| 18 Jan 2017 | 100080267 | Others | ₹30 Cr | Satisfied | |
| 31 Dec 2016 | 100102939 | Others | ₹5 Cr | Satisfied | |
| 06 Dec 2016 | 100072021 | Others | ₹3 Cr | Satisfied |
To see the full charge records of M.R.L Posnet Private Limited, buy the company report.
Total charge records: 15 View all charges
Deals & funding
M.R.L Posnet Private Limited has 6 deals on record (5 secondary share transfers, 1 funding round), with disclosed funding of ₹101.59 Cr; the latest was in October 2017.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2017 | Funding round | ₹101.59 Cr | Investors: Worldline It & Payment Services (Singapore) Pte Ltd |
| Jul 2017 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Sep 2016 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: Global Tech Park Private Limited , Polysoft Technologies Private Limited |
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: Deccan Shoppe Private Limited , Starry Hill Limited, Global Tech Park Private Limited |
| Sep 2014 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: M.R.L Retail Private Limited , Deccan Shoppe Private Limited |
To see the full deal history of M.R.L Posnet Private 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
M.R.L Posnet Private Limited has 7 court cases on record: 4 filed by M.R.L Posnet, 3 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 5 | 1 | 0 |
| District courts | 2 | 2 | 0 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Madras High Court | Interim or miscellaneous application | Filed against the company by The Principal Commissioner of Income Tax, | Disposed |
| Madras High Court | Writ petition | Filed by the company against The Principal Commissioner of Income Tax, | Disposed |
| Madras High Court | Interim or miscellaneous application | Filed by the company against The Principal Commissioner of Income Tax, | Disposed |
| District court, Chennai, Tamil Nadu | Civil suit | Filed against the company by an individual | Disposed |
| District court, Jalandhar, Punjab | Civil suit | Filed against the company | Disposed |
To see the full case history of M.R.L Posnet Private 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for M.R.L Posnet Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
M.R.L Posnet Private Limited has a workforce of 141 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
GST
M.R.L Posnet has 4 GST registrations: 2 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAECP7679M1ZQ | Tamil Nadu | Active | 01 Jul 2017 |
| 36AAECP7679M2ZJ | Telangana | Active | 28 Dec 2018 |
To see the full GST registrations and return filing status of M.R.L Posnet Private Limited, buy the company report.
Recent activity
M.R.L Posnet Private Limited has 33 board changes on record since 2008: 18 appointments and 15 cessations. The latest: Yogesh Shivnath Sawant was appointed as Director on 20 Sep 2024.
54 earlier events are in the company report.
Frequently asked questions
M.R.L Posnet is an active private limited company based in Chennai, Tamil Nadu, India. The company works in online payment gateways, within the financial services industry. It was incorporated on 09 April 2008 (18+ years old) and is registered under CIN U45200TN2008PTC067275.
M.R.L Posnet has 3 current directors:
- Deepak Chandnani - Director
- Ramesh Narasimhan - Director
- Yogesh Shivnath Sawant - Director
The latest financial statements of M.R.L Posnet on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of M.R.L Posnet is 33AAECP7679M1ZQ, registered in Tamil Nadu. The company has 4 GST registrations in all, of which 2 are active and 2 are cancelled or inactive. Other active GSTINs include 36AAECP7679M2ZJ (Telangana).
The CIN (Corporate Identification Number) of M.R.L Posnet is U45200TN2008PTC067275. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
M.R.L Posnet has 7 court cases on record: 4 filed by the company and 3 filed against it. Most are in the high courts.
M.R.L Posnet was incorporated on 09 April 2008, making it 18+ years old. It is registered with the Registrar of Companies, Chennai.
M.R.L Posnet has 6 deals on record (5 secondary share transfers, 1 funding round), with disclosed funding of ₹101.59 Cr; the latest was in October 2017.
Yogesh Shivnath Sawant was appointed as Director on 20 Sep 2024. Eric Heurtaux ceased to be Director on 16 May 2022. Deepak Chandnani was appointed as Director on 01 Apr 2022. M.R.L Posnet has 33 board changes on record in total.
M.R.L Posnet can be reached through the website mrlposnet.com. Its registered office is in Chennai, Tamil Nadu, India.