About Mypaisaa Echits Private Limited
Data last updated: 26 July 2025
Mypaisaa Echits Private Limited was a private limited company based in Banglore, Karnataka, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It specialised in microfinance institutions, a part of the broader financial services sector. Incorporated on 19 September 2020.
Registered with ROC Bangalore under CIN U65992KA2020PTC138809.
Capital: an authorised share capital of ₹10 Lakh and a paid-up capital of ₹3 Lakh. It was led by directors Veerapraveen Basireddy Reddy and Mounika Lingaiahgari.
Last AGM: 26 September 2022. Financial statements filed for year ended 31 March 2022. Office: Urban Vault Hsr Layout 591 15Th Main Road 22Nd Cross Road 3Rd Secotr, Banglore, Karnataka, India – 560102.
The company was associated with 1 brand - Mypaisaa.
The company is no longer operational and has been struck off from the Register of Companies, typically due to non-filing of annual returns or failure to commence business. Entering into any agreement with a struck-off entity carries significant legal and financial risk. The last known website on record is mypaisaa.com.
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Email*****@*****.com
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Telephone+91-****-******
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Registered AddressUrban Vault Hsr Layout 591 15Th Main Road 22Nd Cross Road 3Rd Secotr, Banglore, Karnataka, India – 560102
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IndustryFinancial Services, Microfinance Institutions
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Associated Brands with Mypaisaa Echits Private Limited
Mypaisaa Echits Private Limited operates one associated brand: myPaisaa. These brands represent Mypaisaa Echits Private Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Digital chit fund schemes and savings plans are provided. | mypaisaa.com |
Competitors & Alternatives of Mypaisaa Echits Private Limited
Brands and companies operating in the same space as Mypaisaa Echits Private Limited include Shriram Chits, Money Club, Finlok and 4 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
Shriram Chits
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Chit fund investments are facilitated through an online platform. | Chennai, India, India | 1974 |
Money Club
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Pooled savings and borrowing are facilitated by a community platform. | Noida, India, India | 2016 |
Finlok
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Group savings are enabled via a digitized ROSCA model platform. | Pune, India, India | 2017 |
SahaBhagi
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SahaBhagi is a platform for managing financial self-help groups. | Bhilwara, India, India | 2019 |
Kanakadurga Chit funds
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Manages group savings and chit fund platforms for individual users. | Warangal, India, India | 2014 |
Bachaao
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Provides a group savings platform for individuals to manage collective savings securely. | Indore, India, India | 2022 |
Beesi
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An app-based platform that enables friends to pool money for shared financial goals. | Udaipur, India, India | 2023 |
Auditor Details of Mypaisaa Echits Private Limited
Mypaisaa Echits Private Limited is audited by Abhinav and Associates for the financial year 2022. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Abhinav and Associates | blur-value | blur-value | blur-value |
Board of Directors of Mypaisaa Echits Private Limited
Mypaisaa Echits Private Limited is governed by 2 directors who oversee the company's operations and strategic decisions.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Veerapraveen Basireddy Reddy | Director | 19 Sep 2020 | 5 Years 9 Months | As last reported |
| Mounika Lingaiahgari | Director | 19 Sep 2020 | 5 Years 9 Months | As last reported |
Financials of Mypaisaa Echits Private Limited FY 2022 filings available
Mypaisaa Echits Private Limited reported revenue of ₹- (up ) for FY 2022. Profit growth despite declining revenue indicates effective cost management and margin discipline.
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| Investments | ***** | ***** | ***** | ***** | ***** |
| Deferred Tax Assets | ***** | ***** | ***** | ***** | ***** |
| LT Loans & Advances | ***** | ***** | ***** | ***** | ***** |
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| +/- Unrealized Forex | ***** | ***** | ***** | ***** | ***** |
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| Net CFF (Cash from Financing) | ***** | ***** | ***** | ***** | ***** |
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| Net Change in Cash (Pre-Forex) | ***** | ***** | ***** | ***** | ***** |
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| Inventory Days | ***** | ***** | ***** | ***** | ***** |
| Debtor Days | ***** | ***** | ***** | ***** | ***** |
| Creditor Days | ***** | ***** | ***** | ***** | ***** |
| Cash Conversion Cycle | ***** | ***** | ***** | ***** | ***** |
| Asset Turnover | ***** | ***** | ***** | ***** | ***** |
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| Net Profit Margin % | ***** | ***** | ***** | ***** | ***** |
| Operating Margin % | ***** | ***** | ***** | ***** | ***** |
| ROE % | ***** | ***** | ***** | ***** | ***** |
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| Net Worth Margin % | ***** | ***** | ***** | ***** | ***** |
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| Debt / EBITDA | ***** | ***** | ***** | ***** | ***** |
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| D/E Ratio | ***** | ***** | ***** | ***** | ***** |
| ICR | ***** | ***** | ***** | ***** | ***** |
Consolidated Statements
Income Statement, Balance Sheet, Cash Flow & Ratios available in the full report.
Shareholding Pattern of Mypaisaa Echits Private Limited
As of FY 2022, Mypaisaa Echits Private Limited's shareholding pattern shows 100.00% by promoters. The promoters hold a majority stake, indicating strong promoter control.
| Year | 2025 |
|---|---|
| Promoters | 33.19% |
| DII | 23.22% |
| FII | 18.28% |
| Public | 22.89% |
| Others | 2.42% |
Charges & Borrowings Mypaisaa Echits Private Limited
Mypaisaa Echits Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Mypaisaa Echits Private Limited
Mypaisaa Echits Private Limited has a workforce of 0 employees as of Mar 31, 2024.
Employee Count & EPFO Data of Mypaisaa Echits Private Limited
Access employee headcount trends, monthly PF payment records, EPFO establishment details, and compliance data.
GST Compliance of Mypaisaa Echits Private Limited
GSTIN & GST Filing Data of Mypaisaa Echits Private Limited
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Credit Ratings, Litigation & Regulatory Alerts for Mypaisaa Echits Private Limited
Credit Ratings, Legal Cases & Regulatory Alerts of Mypaisaa Echits Private Limited
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MSME Payment Delays by Mypaisaa Echits Private Limited
MSME Payment Delays by Mypaisaa Echits Private Limited
Track payments outstanding to micro and small enterprise vendors, as disclosed in half-yearly MSME-1 returns filed with the MCA.
Subsidiaries & Group Companies of Mypaisaa Echits Private Limited
Subsidiaries & Group Companies of Mypaisaa Echits Private Limited
See the full corporate group - holding company, subsidiaries, associates and joint ventures of Mypaisaa Echits Private Limited with ownership details.
MCA Filings & Documents of Mypaisaa Echits Private Limited
MCA Filings & Documents of Mypaisaa Echits Private Limited
Download official documents filed with the Ministry of Corporate Affairs - from incorporation papers to the latest annual filings.
Recent Activity on Mypaisaa Echits Private Limited
Recent News on Mypaisaa Echits Private Limited
Frequently Asked Questions about Mypaisaa Echits Private Limited
Mypaisaa Echits Private Limited has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Mypaisaa Echits Private Limited is a struck-off private limited company in the financial services sector based in Banglore, Karnataka, India. It was incorporated on 19 September 2020 and is registered under CIN U65992KA2020PTC138809. The company has been struck off by the Registrar of Companies and is no longer operational.
The current directors of Mypaisaa Echits Private Limited are:
The CIN (Corporate Identification Number) of Mypaisaa Echits Private Limited is U65992KA2020PTC138809. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The primary industry of Mypaisaa Echits Private Limited is financial services. The company specifically operates in microfinance institutions. The company was active in this sector before being struck off.
The company has its registered office at Urban Vault Hsr Layout 591 15Th Main Road 22Nd Cross Road 3Rd Secotr, Banglore, Karnataka, India – 560102.