About Instantpay India Limited
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Instantpay India Limited is a public limited company based in New Delhi, Delhi, India. It operates in the digital payment solutions segment of the financial services sector. It was incorporated on 03 August 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U64200DL2010PLC206587. Its GSTIN is 07AAOCS6028B1ZE (Delhi). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹8 Lakh and a paid-up capital of ₹5.54 Lakh. It was formerly known as Smsdaak Networks P Ltd and Smsdaak India Private Limited. It is led by directors including Shailendra Agarwal (Managing Director) and Amol Bhaurao Sonbarse (Whole-Time Director).
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 B1/A5 Mohan Cooperative Industrial Estate, New Delhi, Delhi, India – 110044.
As per the financials filed for FY 2025, the company reported a revenue of ₹71.92 Cr, a decline of 7% compared to the previous year. For the same year it recorded a net loss of ₹3.86 Cr (net margin -5.4%) and EBITDA of -₹2.07 Cr (EBITDA margin -2.9%). Revenue has declined at a compounded annual rate (CAGR) of 12% over three years and 17% over five years.
The company has about 147 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: InstantPay. Court records list 14 cases involving the company, including 10 filed by the company and 4 filed against it; 4 cases are pending. The company has 9 deals on record (7 secondary share transfers, 2 funding rounds), with disclosed funding of ₹5.04 Cr; the latest was in December 2021.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website instantpay.in.
Company details
Name history
Instantpay India has undergone 5 name changes throughout its history. The current legal name is Instantpay India Limited.
| Company Name | Status |
|---|---|
| Instantpay India Limited | Current |
| Smsdaak Networks P Ltd | Previous |
| Smsdaak India Private Limited | Previous |
| Smsdaak India Private Limited | Previous |
| Smsdaak India Limited | Previous |
| Smsdaak Networks Private Limited | Previous |
CIN history
Instantpay India has one previous CIN (Corporate Identification Number): U64200DL2010PTC206587. The current CIN is U64200DL2010PLC206587, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U64200DL2010PLC206587 | Current |
| U64200DL2010PTC206587 | Previous |
Contact details
Instantpay India Limited's registered office is in New Delhi, Delhi. Its website is instantpay.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressB1/A5 Mohan Cooperative Industrial Estate, New Delhi, Delhi, India – 110044
- IndustryFinancial Services, Digital Payment Solutions
To see the full contact details of Instantpay India 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
Instantpay India operates one associated brand: InstantPay. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Digital banking solutions are provided for business operations and finances. | instantpay.in |
Business activity
The main business activities of Instantpay India are trade and financial and insurance service. In detail, this covers retail trading and other financial activities. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading | |
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Instantpay India Limited, buy the company report.
Financials of Instantpay India Limited
FY 2025 filings availableInstantpay India Limited reported revenue of ₹71.92 Cr (down 7% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 17% over five years, including a 7% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | -₹2.07 Cr | ||||
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| Net Profit (PAT) | -₹3.86 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -2.9% | ||||
| Net Profit Margin | -5.4% | ||||
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To see the full financial statements and ratios of Instantpay India Limited, buy the company report.
Board of directors of Instantpay India Limited
Instantpay India has 6 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dhruv Suri | Director | 04 Sep 2023 | 3 Years 1 Months | Current |
| Shailendra Agarwal | Managing Director | 03 Aug 2010 | 16 Years 2 Months | Current |
| Amol Bhaurao Sonbarse Also directs: Onward Ventures LLP, Nutrax Biotech Private Limited | Whole-Time Director | 22 Nov 2021 | 4 Years 11 Months | Current |
| Ajay Upadhyay Also directs: Onward Ventures LLP, Nutrax Biotech Private Limited | Whole-Time Director | 22 Nov 2021 | 4 Years 11 Months | Current |
| Anil Mahajan Also directs: C.E. Info Systems Limited, Kriti Mercantile Private Limited, Kare India Insurance Brokers Private Limited and 3 more | Director | 04 Sep 2023 | 3 Years 1 Months | Current |
| Vimal Kumar Agarwal Also directs: Kda Naturals LLP | Director | 04 Sep 2023 | 3 Years 1 Months | Current |
Auditor
Instantpay India Limited is audited by Brahmayya & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Brahmayya & Co | FY 2023 | 000511S |
Shareholding
The shareholding of Instantpay India 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) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Instantpay India Limited, buy the company report.
Deals & funding
Instantpay India Limited has 9 deals on record (7 secondary share transfers, 2 funding rounds), with disclosed funding of ₹5.04 Cr; the latest was in December 2021.
Deals on record (5 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2021 | Secondary share transfer | Undisclosed | Buyer: RB Investments, Kaleden Holdings, 2 individuals Seller: 3 individuals |
| Jul 2019 | Secondary share transfer | Undisclosed | Buyer: Kaleden Holdings, RB Investments Seller: an individual |
| Jun 2019 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: an individual |
| Sep 2018 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 2 individuals |
| Nov 2016 | Funding round | ₹5 Cr | Investors: Kaleden Holdings, RB Investments |
To see the full deal history of Instantpay India 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
Instantpay India Limited has 14 court cases on record: 10 filed by Instantpay India, 4 filed against it. 4 cases are pending and 10 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 12 | 4 | 2 |
| High courts | 2 | 0 | 2 |
Cases on record (5 of 14)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South East, Delhi | Revision petition | Filed by the company against Ms Blackhat Syndicus Pvt Ltd and 6 others | Pending |
| District court, South East, Delhi | Criminal case | Filed by the company against Addpay Services Pvt Ltd | Pending |
| District court, South East, Delhi | Criminal case | Filed by the company against Ezetap Mobile Solutions Pvt. Ltd and 1 other | Disposed |
| High Court, TELANGANA | Court case (CRLP) | Filed by the company against individuals | Pending |
| High Court, KARNATAKA | Court case (CRL.P) | Filed by the company against State of Karnataka and 2 others | Pending |
To see the full case history of Instantpay India 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 Instantpay India Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Instantpay India has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Instantpay Forex Services Private Limited | U65999DL2020PTC360006 |
To see the full group structure of Instantpay India Limited, buy the company report.
Employees & EPFO
Instantpay India Limited has a workforce of 147 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Instantpay India has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAOCS6028B1ZE | Delhi | Active | 01 Jul 2017 |
| 07AAOCS6028B2ZD | Delhi | Active | 06 Dec 2017 |
To see the full GST registrations and return filing status of Instantpay India Limited, buy the company report.
Recent activity
Instantpay India Limited has 15 board changes on record since 2010: 6 appointments and 9 cessations. The latest: Anil Mahajan ceased to be Additional Director on 25 Sep 2023.
6 earlier events are in the company report.
News
Frequently asked questions
Instantpay India is an active public limited company based in New Delhi, Delhi, India. The company works in digital payment solutions, within the financial services industry. It was incorporated on 03 August 2010 (16+ years old) and is registered under CIN U64200DL2010PLC206587.
Instantpay India has 6 current directors:
- Shailendra Agarwal - Managing Director
- Amol Bhaurao Sonbarse - Whole-Time Director
- Ajay Upadhyay - Whole-Time Director
- Dhruv Suri - Director
- Anil Mahajan - Director
- Vimal Kumar Agarwal - Director
The latest financial statements of Instantpay India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Instantpay India is 07AAOCS6028B1ZE, registered in Delhi. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 07AAOCS6028B2ZD (Delhi).
The CIN (Corporate Identification Number) of Instantpay India is U64200DL2010PLC206587. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Instantpay India has 14 court cases on record: 10 filed by the company and 4 filed against it. 4 are pending. Most are in the district courts.
Instantpay India was incorporated on 03 August 2010, making it 16+ years old. It is registered with the Registrar of Companies, Delhi.
Instantpay India has 9 deals on record (7 secondary share transfers, 2 funding rounds), with disclosed funding of ₹5.04 Cr; the latest was in December 2021.
Anil Mahajan ceased to be Additional Director on 25 Sep 2023. Dhruv Suri ceased to be Additional Director on 25 Sep 2023. Anil Mahajan was appointed as Director on 04 Sep 2023. Instantpay India has 15 board changes on record in total.
Instantpay India can be reached through the website instantpay.in. Its registered office is in New Delhi, Delhi, India.