About Nearby Technologies Private Limited
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Nearby 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 20 April 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2016PTC280037. Its GSTIN is 27AAFCN2047N1Z6 (Maharashtra). The company holds 4 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹15 Cr and a paid-up capital of ₹10.53 Cr. It is led by directors including Anand Kumar Bajaj (Managing Director) and Shalini Anand Bajaj.
Its last annual general meeting (AGM) was held on 13 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹310.12 Cr, a decline of 17% compared to the previous year. For the same year it recorded a net profit of ₹11.41 Cr (net margin 3.7%) and EBITDA of ₹17.45 Cr (EBITDA margin 5.6%). Revenue has declined at a compounded annual rate (CAGR) of 4% over three years and 10% over five years.
The company has about 957 employees on its provident fund (EPFO) records. Its group structure includes 5 subsidiaries.
The company is associated with 2 brands: BuyNearby and PayNearby. As per MCA filings, the company has open charges of ₹5.83 Cr and satisfied charges of ₹10.61 Cr on record. Court records list 23 cases involving the company, including 20 filed by the company and 3 filed against it; 16 cases are pending. The company has 5 deals on record (3 secondary share transfers, 2 funding rounds), with disclosed funding of ₹35 Cr; the latest was in February 2025. The company has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 2 overdue payments to 2 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 paynearby.in.
Company details
Contact details
Nearby Technologies Private Limited's registered office is in Mumbai, Maharashtra. Its website is paynearby.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered AddressOffice No. 1Ab Plot No. 103, Road No. 12 Arena House MIDC Andheri (E), Mumbai, Maharashtra, India – 400093
- IndustryFinancial Services, Digital Payment Solutions
To see the full contact details of Nearby 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
Nearby Technologies operates two associated brands: BuyNearby and PayNearby. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Financial services and digital payments are provided through a network of retailers in India. | buynearby.in | |
| Digital payment and banking services are facilitated via retail partnerships. | paynearby.in |
Business activity
The main business activity of Nearby Technologies is information and communication. In detail, this covers other information & communication service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Nearby Technologies Private Limited, buy the company report.
Financials of Nearby Technologies Private Limited
FY 2024 filings availableNearby Technologies Private Limited reported revenue of ₹310.12 Cr (down 17% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 10% over five years, including a 17% fall in the latest year. EBITDA rose 125% 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 | ₹17.45 Cr | ||||
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| Net Profit (PAT) | ₹11.41 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | 5.6% | ||||
| Net Profit Margin | 3.7% | ||||
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To see the full financial statements and ratios of Nearby Technologies Private Limited, buy the company report.
Board of directors of Nearby Technologies Private Limited
Nearby Technologies has 6 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anand Kumar Bajaj | Managing Director | 20 Apr 2016 | 10 Years 6 Months | Current |
| Sunil Kapoor Also directs: Roha Housing Finance Private Limited | Nominee Director | 29 May 2021 | 5 Years 4 Months | Current |
| Shalini Anand Bajaj | Director | 05 Feb 2020 | 6 Years 8 Months | Current |
| Yashwant Lodha | Director | 01 Feb 2017 | 9 Years 8 Months | Current |
| Mohan Vasant Tanksale Also directs: Raja Bahadur International Limited, India Pesticides Limited., Vayana Finserv Private Limited and 5 more | Director | 23 Feb 2021 | 5 Years 8 Months | Current |
| Abhaya Prasad Hota Also directs: Protean Egov Technologies Limited, NSE Clearing Limited, Cashfree Payments India Private Limited and 2 more | Director | 23 Feb 2021 | 5 Years 8 Months | Current |
Auditor
Nearby Technologies Private Limited is audited by Samria & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Samria & Co. | FY 2023 | 109043W |
Shareholding
The shareholding of Nearby Technologies 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) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Nearby Technologies Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Apr 2025 | 101091040 | Others | ₹4.94 Cr | Open | |
| 09 May 2024 | 100919459 | Others | ₹34.8 Lakh | Open | |
| 22 Apr 2024 | 100907828 | Others | ₹54 Lakh | Open | |
| 24 Nov 2020 | 100390347 | Others | ₹10 Cr | Satisfied | |
| 03 Nov 2018 | 100240081 | Yes Bank Limited | ₹61 Lakh | Satisfied |
To see the full charge records of Nearby Technologies Private Limited, buy the company report.
Total charge records: 5 View all charges
Deals & funding
Nearby Technologies Private Limited has 5 deals on record (3 secondary share transfers, 2 funding rounds), with disclosed funding of ₹35 Cr; the latest was in February 2025.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2025 | Funding round | ₹20 Cr | Investors: 2 individuals |
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Aug 2016 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 3 individuals |
| Jun 2016 | Funding round | ₹15 Cr | Investors: Roha Softech LLP , Roha Colours LLP |
| May 2016 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Nearby Technologies Private Limited has 23 court cases on record: 20 filed by Nearby Technologies, 3 filed against it. 16 cases are pending and 7 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 14 | 2 | 8 |
| District courts | 8 | 0 | 8 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 23)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Kerala | Court case (Crl.MC) | Filed by the company against Axis Bank Limited and 1 other | Pending |
| High Court of Kerala | Court case (Crl.MC) | Filed by the company against Yes Bank Limited and 1 other | Pending |
| Supreme Court | Court case (Special Leave Petition (Civil)) | Filed against the company by Uvik Technologies Private Limited | Disposed |
| Bombay High Court | Court case (CARBP) | Filed against the company by Uvik Technologies Private Limited | Disposed |
| High Court | Court case (CARBP) | Filed by the company against Uvik Technologies Private Limited | Disposed |
To see the full case history of Nearby 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
Nearby Technologies Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 2 overdue payments to 2 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 (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Skil Travel Private Limited | |||
| Skil Cabs Private Limited |
To see the full MSME payment records of Nearby Technologies Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Nearby Technologies has 5 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Nearby Neodigital Services Private Limited | U52291MH2019PTC326968 | |
| Nearby Insurance Broking Services Private Limited | U67190MH2013PTC239476 | |
| Nearby Payment Services Private Limited | U74110MH2018PTC316044 | |
| Nearby Hypermarket Private Limited | U74999MH2019PTC328463 | |
| Progressive Retailers Association for Growth of Alliances & Trade in India | U85300MH2022NPL377403 |
To see the full group structure of Nearby Technologies Private Limited, buy the company report.
Employees & EPFO
Nearby Technologies Private Limited has a workforce of 957 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
Nearby Technologies has 4 GST registrations: 3 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCN2047N1Z6 | Maharashtra | Active | 01 Jul 2017 |
| 27AAFCN2047N2Z5 | Maharashtra | Active | 02 Mar 2023 |
| 09AAFCN2047N1Z4 | Uttar Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Nearby Technologies Private Limited, buy the company report.
Recent activity
Nearby Technologies Private Limited has 15 board changes on record since 2016: 6 appointments and 9 cessations. The latest: Anand Kumar Bajaj ceased to be Director on 02 Aug 2023.
14 earlier events are in the company report.
News
Frequently asked questions
Nearby 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 20 April 2016 (10+ years old) and is registered under CIN U74999MH2016PTC280037.
Nearby Technologies has 6 current directors:
- Anand Kumar Bajaj - Managing Director
- Sunil Kapoor - Nominee Director
- Shalini Anand Bajaj - Director
- Yashwant Lodha - Director
- Mohan Vasant Tanksale - Director
- Abhaya Prasad Hota - Director
The latest financial statements of Nearby Technologies on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 13 September 2024. Year-wise statements from FY 2017 are in the company report.
The GSTIN of Nearby Technologies is 27AAFCN2047N1Z6, registered in Maharashtra. The company has 4 GST registrations in all, of which 3 are active and 1 is cancelled or inactive. Other active GSTINs include 27AAFCN2047N2Z5 (Maharashtra), 09AAFCN2047N1Z4 (Uttar Pradesh).
The CIN (Corporate Identification Number) of Nearby Technologies is U74999MH2016PTC280037. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nearby Technologies has 23 court cases on record: 20 filed by the company and 3 filed against it. 16 are pending. Most are in the high courts.
Nearby Technologies was incorporated on 20 April 2016, making it 10+ years old. It is registered with the Registrar of Companies, Mumbai.
Nearby Technologies has 5 deals on record (3 secondary share transfers, 2 funding rounds), with disclosed funding of ₹35 Cr; the latest was in February 2025.
Anand Kumar Bajaj ceased to be Director on 02 Aug 2023. Abhaya Prasad Hota ceased to be Additional Director on 30 Sep 2021. Mohan Vasant Tanksale ceased to be Additional Director on 30 Sep 2021. Nearby Technologies has 15 board changes on record in total.
Nearby Technologies has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 2 overdue payments to 2 micro and small suppliers. The latest return was filed on 30 Apr 2024.
Nearby Technologies can be reached through the website paynearby.in. Its registered office is in Mumbai, Maharashtra, India.