My Speed Pay Solutions Private Limited
About My Speed Pay Solutions Private Limited
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My Speed Pay Solutions Private Limited is a private limited company based in Bhubaneswar, Odisha, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 18 September 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Cuttack, under CIN U72900OR2020PTC034196. Its GSTIN is 21AANCM8351J1Z8 (Odisha).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Chinamrama Krushna Patro and Michiti Rakhilin Patro.
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 Plot No – Mig – 1/161 Ground Floor Lane – 16 Sree Satya Sai Enclave Aiginia, Bhubaneswar, Odisha, India – 751030.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.24 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹10.51 Lakh (net margin 8.5%) and EBITDA of ₹16.21 Lakh (EBITDA margin 13.1%). Revenue has declined at a compounded annual rate (CAGR) of 3% over three years.
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- Registered AddressPlot No – Mig – 1/161 Ground Floor Lane – 16 Sree Satya Sai Enclave Aiginia, Bhubaneswar, Odisha, India – 751030
- IndustryInformation Technology, Application Development & Software 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 My Speed Pay Solutions Private Limited
The main business activity of My Speed Pay Solutions is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical 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 My Speed Pay Solutions Private Limited FY 2024 filings available
My Speed Pay Solutions Private Limited reported revenue of ₹1.24 Cr (up 635% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of My Speed Pay Solutions Private Limited
Revenue rose 635% in the latest year, though over three years it has declined at a compounded annual rate (CAGR) of 3%. EBITDA rose 575% 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 My Speed Pay Solutions Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|
| 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 | ₹16.21 Lakh | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹10.51 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 My Speed Pay Solutions Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 13.1% | •••• | •••• | •••• |
| Net Profit Margin | 8.5% | •••• | •••• | •••• |
| 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 My Speed Pay Solutions are in the company report.
Financial statements from FY 2021
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 My Speed Pay Solutions Private Limited
My Speed Pay Solutions Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Other professional, scientific and technical activities). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Good Will Productions Private Limited | ₹1.24 Cr (FY 2025) | •••• | •••• | 424.0% | •••• | Srinagar, Jammu and Kashmir, India |
| Division One Media Private Limited | ₹1.24 Cr (FY 2020) | •••• | •••• | 2755.0% | •••• | Delhi, India |
| Pittie Indo Textilia Private Limited | ₹1.24 Cr (FY 2024) | •••• | •••• | 47.0% | •••• | Maharashtra, India |
| Happy Starstell.Com Private Limited | ₹1.24 Cr (FY 2025) | •••• | •••• | -1.0% | •••• | New Delhi, Delhi, India |
| Indian Federation of Green Energy | ₹1.24 Cr (FY 2024) | •••• | •••• | 125.0% | •••• | Ghaziabad, Uttar Pradesh, India |
| My Speed Pay Solutions Private Limited this company | ₹1.24 Cr (FY 2024) | •••• | •••• | 635.0% | •••• | Bhubaneswar, Odisha, India |
| Secure Source Technologies Private Limited | ₹1.24 Cr (FY 2024) | •••• | •••• | -66.0% | •••• | Mumbai, Maharashtra, India |
| Valkontek Embedded Iot Services Private Limited | ₹1.24 Cr (FY 2024) | •••• | •••• | 119.0% | •••• | Hyderabad, Telangana, India |
| Easy Comm IT Solutions Private Limited | ₹1.24 Cr (FY 2025) | •••• | •••• | -39.0% | •••• | Nashik, Maharashtra, India |
| Darshika Consultants Private Limited | ₹1.24 Cr (FY 2024) | •••• | •••• | 189.0% | •••• | Faridabad, Haryana, India |
| Kairosmagus Private Limited | ₹1.24 Cr (FY 2025) | •••• | •••• | 58.0% | •••• | Hyderabad, Telangana, India |
Peers are the five companies nearest above and the five nearest below My Speed Pay Solutions by revenue in the same principal business activity (Other professional, scientific and technical activities), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Board of Directors of My Speed Pay Solutions Private Limited
My Speed Pay Solutions has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chinamrama Krushna Patro | Director | 18 Sep 2020 | 6 Years 0 Months | Current |
| Michiti Rakhilin Patro | Director | 18 Sep 2020 | 6 Years 0 Months | Current |
Charges & Borrowings of My Speed Pay Solutions Private Limited
My Speed Pay Solutions Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at My Speed Pay Solutions Private Limited
Employment history and EPFO contributions of people linked to My Speed Pay Solutions.
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 My Speed Pay Solutions Private Limited
My Speed Pay Solutions Private Limited has 2 board changes on record since 2020: 2 appointments. The latest: Chinamrama Krushna Patro was appointed as Director on 18 Sep 2020.
Credit Ratings, Litigation & Regulatory Alerts for My Speed Pay Solutions 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 My Speed Pay Solutions 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 My Speed Pay Solutions 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 My Speed Pay Solutions Private Limited
My Speed Pay Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 21AANCM8351J1Z8 | Odisha | Active | 19 Jan 2021 |
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 My Speed Pay Solutions 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 My Speed Pay Solutions Private Limited
My Speed Pay Solutions is an active private limited company based in Bhubaneswar, Odisha, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 18 September 2020 (6+ years old) and is registered under CIN U72900OR2020PTC034196.
My Speed Pay Solutions reported revenue of ₹1.24 Cr for FY 2024 (up 635% YoY).
My Speed Pay Solutions has 2 current directors:
- Chinamrama Krushna Patro - Director
- Michiti Rakhilin Patro - Director
My Speed Pay Solutions reported a net profit of ₹10.51 Lakh (net margin 8.5%) and EBITDA of ₹16.21 Lakh (EBITDA margin 13.1%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of My Speed Pay Solutions is -3% over three years. In the latest year (FY 2024) revenue rose 635%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of My Speed Pay Solutions is 21AANCM8351J1Z8, registered in Odisha.
The CIN (Corporate Identification Number) of My Speed Pay Solutions is U72900OR2020PTC034196. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
My Speed Pay Solutions was incorporated on 18 September 2020, making it 6+ years old. It is registered with the Registrar of Companies, Cuttack.
The peers of My Speed Pay Solutions by revenue are Good Will Productions Private Limited, Division One Media Private Limited, Pittie Indo Textilia Private Limited, Happy Starstell.Com Private Limited, Indian Federation of Green Energy and 5 more, all in the same principal business activity (Other professional, scientific and technical activities).
Chinamrama Krushna Patro was appointed as Director on 18 Sep 2020. Michiti Rakhilin Patro was appointed as Director on 18 Sep 2020.
The registered office of My Speed Pay Solutions is at Plot No – Mig – 1161 Ground Floor Lane – 16 Sree Satya Sai Enclave Aiginia, Bhubaneswar, Odisha, India – 751030.