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Neofinity Services Private Limited - financial services in Gurgaon, Haryana, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹2.11 Cr
▼ 61% YoY
Net loss · FY 2025
₹2.08 Cr
Net margin -98.4%
EBITDA · FY 2025
-₹1.75 Cr
EBITDA margin -82.7%
Authorised capital
₹16 Lakh
Registered with MCA
Paid-up capital
₹8.06 Lakh
Issued & subscribed
Company age
7 yrs
Est. 2019
Directors on board
2
As per MCA filings
Active GSTINs
1
GST registered
About Neofinity Services Private Limited
Data last updated:
Neofinity Services Private Limited is a private limited company based in Gurgaon, Haryana, India, recognised as a startup by DPIIT. It operates in the online payment gateways segment of the financial services sector. It was incorporated on 25 February 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74999HR2019PTC078792. Its GSTIN is 06AAHCK5186F1ZE (Haryana).
The company has an authorised share capital of ₹16 Lakh and a paid-up capital of ₹8.06 Lakh. It is led by directors Sidhant Malhotra and Deepak Gandhi.
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 1094 P Sector 46, Gurgaon Haryana, Haryana, India – 122001.
As per the financials filed for FY 2025, the company reported a revenue of ₹2.11 Cr, a decline of 61% compared to the previous year. For the same year it recorded a net loss of ₹2.08 Cr (net margin -98.4%) and EBITDA of -₹1.75 Cr (EBITDA margin -82.7%). Revenue has grown at a compounded annual rate (CAGR) of 982% over three years and 303% over five years.
The company is associated with 2 brands: Kashware and SlayPay. The company has 3 deals on record (3 funding rounds), with disclosed funding of ₹5.7 Cr; the latest was in March 2021. Its 10 peer companies in the BFSI industry (Payment Gateways) are compared by revenue, 5 larger and 5 smaller; the largest is Haflong Business Solutions Private Limited with revenue of ₹2.38 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website kashware.com.
Company details
CIN U74999HR2019PTC078792
Registration Number 078792
Incorporation Date 25 February 2019
ROC Delhi
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
Key People
Sidhant Malhotra Director Deepak Gandhi Director Recognitions & Rankings of Neofinity Services
Contact details
Neofinity Services Private Limited's registered office is in Gurgaon, Haryana. Its website is kashware.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address1094 P Sector 46, Gurgaon Haryana, Haryana, India – 122001
- IndustryFinancial Services, Online Payment Gateways
To see the full contact details of Neofinity Services Private Limited, buy the company report.
Comprehensive company report
Neofinity Services Private Limited - one report that includes everything
- 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
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Brands
Neofinity Services operates two associated brands: Kashware and SlayPay. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Multi-account payment cards are linked to consumers' financial services. | kashware.com | |
| Customized prepaid cards with credit-building features are provided to consumers. | slaypay.app |
Financials of Neofinity Services Private Limited
FY 2024 filings availableNeofinity Services Private Limited reported revenue of ₹2.11 Cr (down 61% YoY) for FY 2025.
Revenue · FY 2025
₹2.11 Cr ▼ 61%
Net loss · FY 2025
₹2.08 Cr margin -98.4%
EBITDA · FY 2025
-₹1.75 Cr margin -82.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 61%
3 years · compounded
▲ 982%
5 years · compounded
▲ 303%
EBITDA CAGR growth
1 year
▼ 155%
3 years · compounded
▲ 20%
5 years · compounded
▼ 27%
Revenue fell 61% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 303%. EBITDA fell 155% 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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| Total Expenses | |||||
| EBITDA | -₹1.75 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹2.08 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 | -82.7% | ||||
| Net Profit Margin | -98.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Neofinity Services Private Limited, buy the company report.
Board of directors of Neofinity Services Private Limited
Neofinity Services has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sidhant Malhotra Also directs: Zapverse Private Limited | Director | 25 Feb 2019 | 7 Years 8 Months | Current |
| Deepak Gandhi | Director | 03 Sep 2025 | 1 Years 1 Months | Current |
Peer comparison
Neofinity Services Private Limited is compared with the 10 companies closest to it by revenue in the BFSI industry (Payment Gateways), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Haflong Business Solutions Private Limited | ₹2.38 Cr (FY 2025) | 169.0% | New Delhi, Delhi, India | |||
| Soliteck Digisolutions Private Limited | ₹2.33 Cr (FY 2025) | 540.0% | Navi Mumbai, Maharashtra, India | |||
| Insta Transfer Biz Private Limited | ₹2.27 Cr (FY 2024) | 13.0% | Bharatpur, Rajasthan, India | |||
| Paymine Solutions Private Limited | ₹2.21 Cr (FY 2024) | 6435.0% | Delhi, India | |||
| Emantor Technoedge Private Limited | ₹2.21 Cr (FY 2024) | -73.0% | Jaipur, Rajasthan, India | |||
| Neofinity Services Private Limitedthis company | ₹2.11 Cr (FY 2025) | -₹2.08 Cr | -98.4% | -61.0% | Gurgaon, Haryana, India | |
| Psrao Digital Solutions Private Limited | ₹2.11 Cr (FY 2024) | 29752.0% | Hyderabad, Telangana, India | |||
| Ulis Technology Private Limited | ₹1.98 Cr (FY 2024) | -65.0% | Nagpur, Maharashtra, India | |||
| Evertech Technosoft Private Limited | ₹1.87 Cr (FY 2025) | Jodhpur, Rajasthan, India | ||||
| Verma Digi Services Private Limited | ₹1.85 Cr (FY 2024) | -85.0% | Sirsa, Haryana, India | |||
| Iyda Payments Private Limited | ₹1.79 Cr (FY 2023) | 261.0% | Patna, Bihar, India |
To see the full peer comparison of Neofinity Services Private Limited, buy the company report.
Auditor
Neofinity Services Private Limited is audited by KUMAR VIJAY GUPTA & CO. for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KUMAR VIJAY GUPTA & CO. | FY 2024 | 007814N |
Shareholding
The shareholding of Neofinity Services Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Neofinity Services Private Limited, buy the company report.
Deals & funding
Neofinity Services Private Limited has 3 deals on record (3 funding rounds), with disclosed funding of ₹5.7 Cr; the latest was in March 2021.
Total deals
3
Funding rounds
3
Disclosed funding
₹5.7 Cr
Deals on record (2 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2020 | Funding round · Pre-Series A | ₹2.24 Cr | Investors: Angel List, Kabra Agro Farms LLP , 2 individuals |
| Jul 2019 | Funding round · Seed | ₹57.4 Lakh | Investors: Fremuniq Technology LLP , an individual |
To see the full deal history of Neofinity Services 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
No court or tribunal cases involving Neofinity Services Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Neofinity Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Neofinity Services has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AAHCK5186F1ZE | Haryana | Active | 27 Mar 2019 |
To see the full GST registrations and return filing status of Neofinity Services Private Limited, buy the company report.
Recent activity
Neofinity Services Private Limited has 7 board changes on record since 2019: 3 appointments and 4 cessations. The latest: Deepak Gandhi was appointed as Director on 03 Sep 2025.
Appointed
Deepak Gandhi was appointed as Director.
AGM
Neofinity Services Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Neofinity Services Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Delhi.
Ceased
Dipty Naresh Jain ceased to be Additional Director.
Ceased
Avtar Singh Monga ceased to be Director.
Appointed
Dipty Naresh Jain was appointed as Director.
Ceased
Amarpreet Singh ceased to be Director.
Ceased
Archana Priyadarshini ceased to be Additional Director.
Appointed
Sidhant Malhotra was appointed as Director.
Incorporation
25 Feb 2019
Neofinity Services Private Limited was registered on 25 Feb 2019 with Roc Delhi & aged 7 years 8 months as per MCA records.
Frequently asked questions
Neofinity Services is an active private limited company based in Gurgaon, Haryana, India. The company works in online payment gateways, within the financial services industry. It was incorporated on 25 February 2019 (7+ years old) and is registered under CIN U74999HR2019PTC078792.
Neofinity Services has 2 current directors:
- Sidhant Malhotra - Director
- Deepak Gandhi - Director
The latest financial statements of Neofinity Services on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2019 are in the company report.
The GSTIN of Neofinity Services is 06AAHCK5186F1ZE, registered in Haryana.
The CIN (Corporate Identification Number) of Neofinity Services is U74999HR2019PTC078792. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Neofinity Services was incorporated on 25 February 2019, making it 7+ years old. It is registered with the Registrar of Companies, Delhi.
Neofinity Services has 3 deals on record (3 funding rounds), with disclosed funding of ₹5.7 Cr; the latest was in March 2021.
The peers of Neofinity Services by revenue are Haflong Business Solutions Private Limited, Soliteck Digisolutions Private Limited, Insta Transfer Biz Private Limited, Paymine Solutions Private Limited, Emantor Technoedge Private Limited and 5 more, all in the BFSI industry (Payment Gateways).
Deepak Gandhi was appointed as Director on 03 Sep 2025. Dipty Naresh Jain ceased to be Additional Director on 29 Sep 2023. Avtar Singh Monga ceased to be Director on 16 Jun 2023. Neofinity Services has 7 board changes on record in total.
Yes, Neofinity Services is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Neofinity Services can be reached through the website kashware.com. Its registered office is in Gurgaon, Haryana, India.