About Mswipe Technologies Private Limited
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Mswipe Technologies Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the digital payment solutions segment of the financial services sector. It was incorporated on 22 March 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72300MH2011PTC215103. Its GSTIN is 27AAHCM1019M1ZD (Maharashtra). The company holds 11 GST registrations, of which 9 are active.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.45 Cr. It is led by directors including Manish Manubhai Patel (Managing Director) and Ketan Jagdishbhai Patel.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹341.85 Cr, a growth of 21% compared to the previous year. For the same year it recorded a net loss of ₹11.24 Cr (net margin -3.3%) and EBITDA of ₹25.25 Cr (EBITDA margin 7.4%). Revenue has declined at a compounded annual rate (CAGR) of 11% over three years and 2% over five years.
The company has about 957 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.
The company is associated with 1 brand: Mswipe. As per MCA filings, the company has open charges of ₹6.02 Cr and satisfied charges of ₹199 Cr on record. Court records list 22 cases involving the company, including 8 filed by the company and 14 filed against it; 4 cases are pending. The company has 27 deals on record (15 secondary share transfers, 8 funding rounds, 2 debt financings), with disclosed funding of ₹885.83 Cr; the latest was in February 2024. The company has 21 MSME Form 1 returns on record between 2018 and 2023, listing 295 overdue payments to 54 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 mswipe.com.
Company details
Contact details
Mswipe Technologies Private Limited's registered office is in Mumbai, Maharashtra. Its website is mswipe.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressA – 2602 26th Floor Marathon Futurex Mafatlal Mills Compound N.M.Joshi Marg L, Ower Parel, Mumbai, Maharashtra, India – 400013
- IndustryFinancial Services, Digital Payment Solutions
To see the full contact details of Mswipe Technologies 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
Mswipe Technologies operates one associated brand: Mswipe. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Point-of-sale machines, soundboxes, and merchant payment solutions are offered. | mswipe.com |
Business activity
The main business activity of Mswipe Technologies is information and communication. In detail, this covers information service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | 63 | Information service activities |
To see the full business activity and turnover split of Mswipe Technologies Private Limited, buy the company report.
Financials of Mswipe Technologies Private Limited
FY 2025 filings availableMswipe Technologies Private Limited reported revenue of ₹341.85 Cr (up 21% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 21% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 2%. EBITDA rose 528% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹341.85 Cr | ||||
| Cost of Materials Consumed | |||||
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| Total Expenses | |||||
| EBITDA | ₹25.25 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹11.24 Cr | ||||
| Balance Sheet | |||||
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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 | 7.4% | ||||
| Net Profit Margin | -3.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Mswipe Technologies Private Limited, buy the company report.
Board of directors of Mswipe Technologies Private Limited
Mswipe Technologies has 5 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Navroz Darius Udwadia | Nominee Director | 08 Mar 2019 | 7 Years 8 Months | Current |
| Ketan Jagdishbhai Patel Also directs: Ditya Finance Private Limited, Mswipe Capital Private Limited | Director | 15 Mar 2022 | 4 Years 7 Months | Current |
| Vikram Vaidyanathan | Nominee Director | 07 Sep 2015 | 11 Years 2 Months | Current |
| Deepak Ishwardas Shahdadpuri Also directs: Sula Vineyards Limited, VRB Consumer Products Private Limited, Drums Food International Private Limited and 5 more | Director | 01 Dec 2012 | 13 Years 11 Months | Current |
| Manish Manubhai Patel Also directs: Pubs and Allied Beverage Systems Limited, Kempsberg Breweries Pvt.Ltd., M N P Construction Private Limited and 4 more | Managing Director | 22 Mar 2011 | 15 Years 7 Months | Current |
Auditor
Mswipe Technologies Private Limited is audited by B S R & Co. LLP for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B S R & Co. LLP | FY 2025 | 101248W/W-100022 |
Shareholding
The shareholding of Mswipe Technologies Private Limited is on record for 5 financial years, the latest being FY 2025, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Mswipe Technologies Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Nov 2021 | 100503909 | Others | ₹2 Cr | Open | |
| 16 Sep 2021 | 100487203 | Hdfc Bank Limited | ₹54 Lakh | Open | |
| 03 Sep 2021 | 100483462 | Hdfc Bank Limited | ₹9 Lakh | Open | |
| 21 Aug 2021 | 100477906 | Others | ₹10 Lakh | Open | |
| 20 Aug 2021 | 100479405 | Karnataka Bank Ltd. | ₹10 Lakh | Open |
To see the full charge records of Mswipe Technologies Private Limited, buy the company report.
Total charge records: 20 View all charges
Deals & funding
Mswipe Technologies Private Limited has 27 deals on record (15 secondary share transfers, 8 funding rounds, 2 debt financings), with disclosed funding of ₹885.83 Cr; the latest was in February 2024.
Deals on record (5 of 27)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2024 | Debt financing | ₹5 Cr | Investors: Karnation Fund I |
| Mar 2023 | Debt financing | ₹10 Cr | Investors: Karnation Fund I |
| Sep 2015 | Secondary share transfer | Undisclosed | Buyer: Mswipe Technologies Esop Trust Seller: Viraat Technology Labs Private Limited |
| Mar 2014 | Secondary share transfer | Undisclosed | Buyer: Essay Commercial Resources Private Limited Seller: DSG Consumer Partners |
| Dec 2012 | Secondary share transfer | Undisclosed | Buyer: Axis Bank Limited Seller: Viraat Technology Labs Private Limited , an individual |
To see the full deal history of Mswipe Technologies 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
Mswipe Technologies Private Limited has 22 court cases on record: 8 filed by Mswipe Technologies, 14 filed against it. 4 cases are pending and 18 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 15 | 12 | 3 |
| High courts | 5 | 2 | 1 |
| Supreme Court | 2 | 0 | 0 |
Cases on record (5 of 22)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary case) | Filed by the company against Ayushi Computers Pvt Ltd | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SUMMARY CASE) | Filed by the company against Ayushi Computers Pvt Ltd | Disposed |
| District court, Central, Delhi | Court case (L I R) | Filed against the company by an individual | Pending |
| District court, Central, Delhi | Court case (L I R) | Filed against the company by an individual | Pending |
| Allahabad High Court | Court case (A482) | Filed against the company | Pending |
To see the full case history of Mswipe Technologies 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
Mswipe Technologies Private Limited has 21 MSME Form 1 returns on record between 2018 and 2023, listing 295 overdue payments to 54 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 (5 of 54)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Karza Technologies Private Limited | |||
| Signzy Technologies Private Limited | |||
| an individual supplier | |||
| Somved Solutions Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Mswipe Technologies Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Mswipe Technologies has 2 subsidiary companies. This group structure data is as of FY 2022. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Mswipe Capital Private Limited | U65100MH2019PTC326025 | |
| Ditya Finance Private Limited | U65990CT2019PTC009180 |
To see the full group structure of Mswipe Technologies Private Limited, buy the company report.
Employees & EPFO
Mswipe Technologies Private Limited has a workforce of 957 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Mswipe Technologies has 11 GST registrations: 9 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAHCM1019M1ZD | Maharashtra | Active | 01 Jul 2017 |
| 24AAHCM1019M1ZJ | Gujarat | Active | 01 Jul 2017 |
| 29AAHCM1019M1Z9 | Karnataka | Active | 01 Jul 2017 |
| 36AAHCM1019M1ZE | Telangana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Mswipe Technologies Private Limited, buy the company report.
Recent activity
Mswipe Technologies Private Limited has 15 board changes on record since 2011: 5 appointments and 10 cessations. The latest: Ketan Jagdishbhai Patel ceased to be Additional Director on 11 Oct 2022.
42 earlier events are in the company report.
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Frequently asked questions
Mswipe Technologies is an active private limited company based in Mumbai, Maharashtra, India. The company works in digital payment solutions, within the financial services industry. It was incorporated on 22 March 2011 (15+ years old) and is registered under CIN U72300MH2011PTC215103.
Mswipe Technologies has 5 current directors:
- Manish Manubhai Patel - Managing Director
- Navroz Darius Udwadia - Nominee Director
- Ketan Jagdishbhai Patel - Director
- Vikram Vaidyanathan - Nominee Director
- Deepak Ishwardas Shahdadpuri - Director
The latest financial statements of Mswipe Technologies 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 Mswipe Technologies is 27AAHCM1019M1ZD, registered in Maharashtra. The company has 11 GST registrations in all, of which 9 are active and 2 are cancelled or inactive. Other active GSTINs include 24AAHCM1019M1ZJ (Gujarat), 29AAHCM1019M1Z9 (Karnataka), 36AAHCM1019M1ZE (Telangana).
The CIN (Corporate Identification Number) of Mswipe Technologies is U72300MH2011PTC215103. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mswipe Technologies has 22 court cases on record: 8 filed by the company and 14 filed against it. 4 are pending. Most are in the district courts.
Mswipe Technologies was incorporated on 22 March 2011, making it 15+ years old. It is registered with the Registrar of Companies, Mumbai.
Mswipe Technologies has 27 deals on record (15 secondary share transfers, 8 funding rounds, 2 debt financings), with disclosed funding of ₹885.83 Cr; the latest was in February 2024.
Ketan Jagdishbhai Patel ceased to be Additional Director on 11 Oct 2022. Amit Manhar Gala ceased to be CFO on 20 Apr 2022. Ketan Jagdishbhai Patel was appointed as Director on 15 Mar 2022. Mswipe Technologies has 15 board changes on record in total.
Mswipe Technologies has 21 MSME Form 1 returns on record between 2018 and 2023, listing 295 overdue payments to 54 micro and small suppliers. The latest return was filed on 27 Oct 2023.
Mswipe Technologies can be reached through the website mswipe.com. Its registered office is in Mumbai, Maharashtra, India.
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