About Oxigen Services (India) Private Limited.
Data last updated:
Oxigen Services (India) Private Limited. is a private limited company based in New Delhi, Delhi, India. It operates in the digital payment solutions segment of the financial services sector. It was incorporated on 28 August 2003 and has been in existence for over 23 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74999DL2003PTC121961. Its GSTIN is 06AABCI1405K1ZX (Haryana). The company holds 22 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹33.5 Cr and a paid-up capital of ₹16.32 Cr. It was formerly known as India Prepaid Services Private Limited. It is led by directors including Prashant Verma (Whole-Time Director) and Rajpal Singh Duggal.
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 36 2nd Floor Gola Market Behind Golcha Cinema Daryaganj, New Delhi, Delhi, India – 110002.
As per the financials filed for FY 2025, the company reported a revenue of ₹41.06 Cr, a growth of 61% compared to the previous year. For the same year it recorded a net loss of ₹34 Cr (net margin -82.8%) and EBITDA of ₹8.46 Cr (EBITDA margin 20.6%). Revenue has declined at a compounded annual rate (CAGR) of 18% over three years and 33% over five years.
The company has about 58 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 3 brands: Oxigen Services India, Oxigen and Oxigen Wallet. As per MCA filings, the company has open charges of ₹129 Cr and satisfied charges of ₹72.54 Cr on record. Court records list 32 cases involving the company, including 11 filed by the company and 21 filed against it; 6 cases are pending. The company has 10 deals on record (5 funding rounds, 3 rights issues, 2 secondary share transfers), with disclosed funding of ₹316.75 Cr; the latest was in April 2018. The company has 5 MSME Form 1 returns on record between 2019 and 2021, listing 42 overdue payments to 11 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 myoxigen.com.
Company details
Contact details
Oxigen Services (India) Private Limited.'s registered office is in New Delhi, Delhi. Its website is myoxigen.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered Address36 2nd Floor Gola Market Behind Golcha Cinema Daryaganj, New Delhi, Delhi, India – 110002
- IndustryFinancial Services, Digital Payment Solutions
To see the full contact details of Oxigen Services (India) 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
Oxigen Services (India) Private Limited operates multiple associated brands including Oxigen Services India, Oxigen, and Oxigen Wallet. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers multiple payment solutions tailored for businesses. | oxigenecsp.com | |
| POS software is offered for online and offline business transactions. | myoxigen.com | |
| Mobile wallet solutions for payments, transfers, and recharges are provided. | oxigenwallet.com |
Business activity
The main business activity of Oxigen Services (India) Private Limited is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Oxigen Services (India) Private Limited., buy the company report.
Financials of Oxigen Services (India) Private Limited.
FY 2024 filings availableOxigen Services (India) Private Limited. reported revenue of ₹41.06 Cr (up 61% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 61% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 33%. EBITDA rose 131% 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 | ₹8.46 Cr | ||||
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| Net Profit (PAT) | -₹34 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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| Profitability | |||||
| EBITDA Margin | 20.6% | ||||
| Net Profit Margin | -82.8% | ||||
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To see the full financial statements and ratios of Oxigen Services (India) Private Limited., buy the company report.
Board of directors of Oxigen Services (India) Private Limited.
Oxigen Services (India) Private Limited has 3 current directors and 28 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Prashant Verma Also directs: Fortune International Limited, P-Kal Infotech Private Limited, Fast Mobile Data Services Private Limited and 3 more | Whole-Time Director | 26 Dec 2019 | 6 Years 9 Months | Current |
| Rajpal Singh Duggal Also directs: Oxigen Online Services (India) Private Limited, House of Payments Private Limited, Billzpay Private Limited and 2 more | Director | 31 Dec 2020 | 5 Years 9 Months | Current |
| Pramod Saxena Also directs: Infinity Sez Private Limited, Kalp Holding Private Limited, Oxigen Online Services (India) Private Limited and 2 more | Director | 01 Apr 2006 | 20 Years 6 Months | Current |
Auditor
Oxigen Services (India) Private Limited. is audited by GSA ASSOCIATES & LLP for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GSA ASSOCIATES & LLP | FY 2022 | 000257N |
Shareholding
The shareholding of Oxigen Services (India) 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 Oxigen Services (India) Private Limited., buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Dec 2017 | 100157413 | Others | ₹19 Cr | Open | |
| 11 Jun 2015 | 10574518 | Others | ₹110 Cr | Open | |
| 31 Oct 2013 | 10462233 | 3I Infotech Trusteeship Services Limited | ₹2.54 Cr | Satisfied | |
| 24 Feb 2012 | 10346201 | Icici Bank Limited | ₹60 Cr | Satisfied | |
| 13 Feb 2006 | 80007723 | Yes Bank Limited | ₹10 Cr | Satisfied |
To see the full charge records of Oxigen Services (India) Private Limited., buy the company report.
Total charge records: 5 View all charges
Deals & funding
Oxigen Services (India) Private Limited. has 10 deals on record (5 funding rounds, 3 rights issues, 2 secondary share transfers), with disclosed funding of ₹316.75 Cr; the latest was in April 2018.
Deals on record (5 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2018 | Rights issue | ₹5.5 Cr | Investors: 2DFine Investments Mauritius |
| Feb 2018 | Rights issue | ₹10.52 Cr | Investors: Gold Label Investments Pty Ltd, an individual |
| May 2017 | Rights issue | ₹9.84 Cr | Investors: Gold Label Investments Pty Ltd |
| Jan 2016 | Funding round | ₹3.98 Cr | Investors: Formula One Promotions and Entertainment Private Limited |
| Mar 2009 | Funding round | ₹59.6 Lakh | Investors: Vas Softcom Private Limited , 2 individuals |
To see the full deal history of Oxigen Services (India) 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
Oxigen Services (India) Private Limited. has 32 court cases on record: 11 filed by Oxigen Services (India) Private Limited, 21 filed against it. 6 cases are pending and 26 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 20 | 14 | 5 |
| High courts | 10 | 5 | 1 |
| NCLAT | 2 | 2 | 0 |
Cases on record (5 of 32)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Court case (O.M.P. (COMM)) | Filed by the company against Vodafone Idea Limited | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed against the company by Update Online India Pvt Ltd | Pending |
| High Court of Delhi | Court case (OMP (ENF.) (COMM.)) | Filed against the company by Vodafone Idea Limited | Disposed |
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed against the company by Think Walnut Digital Private Limited | Disposed |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Think Walnut Digital Private Limited | Disposed |
To see the full case history of Oxigen Services (India) 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.
Credit ratings & regulatory alerts
Oxigen Services (India) Private Limited. was last rated by Crisil on 24 Jul 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 24 Jul 2020 |
To see the full credit ratings and regulatory alerts of Oxigen Services (India) Private Limited., buy the company report.
MSME payment delays
Oxigen Services (India) Private Limited. has 5 MSME Form 1 returns on record between 2019 and 2021, listing 42 overdue payments to 11 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 11)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Sarvatra Integrated Management Services Pvt. Ltd. | |||
| Access Technical Solutions Private Limited | |||
| Ally Car Rental | |||
| Benir E Store Solutions Private Limited | |||
| Trigon Synergies Private Limited |
To see the full MSME payment records of Oxigen Services (India) Private Limited., buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Oxigen Services (India) Private Limited has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Oxigen Online Services (India) Private Limited | U74999DL2009PTC187167 |
To see the full group structure of Oxigen Services (India) Private Limited., buy the company report.
Employees & EPFO
Oxigen Services (India) Private Limited. has a workforce of 58 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Oxigen Services (India) Private Limited has 22 GST registrations: 3 active and 19 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AABCI1405K1ZX | Haryana | Active | 01 Jul 2017 |
| 03AABCI1405K1Z3 | Punjab | Active | 28 Jul 2017 |
| 20AABCI1405K1Z7 | Jharkhand | Active | 03 Oct 2017 |
To see the full GST registrations and return filing status of Oxigen Services (India) Private Limited., buy the company report.
Recent activity
Oxigen Services (India) Private Limited. has 51 board changes on record since 2003: 27 appointments and 24 cessations. The latest: Abhishek Varshney ceased to be Company Secretary on 24 Sep 2021.
53 earlier events are in the company report.
News
Frequently asked questions
Oxigen Services (India) Private Limited is an active private limited company based in New Delhi, Delhi, India. The company works in digital payment solutions, within the financial services industry. It was incorporated on 28 August 2003 (23+ years old) and is registered under CIN U74999DL2003PTC121961.
Oxigen Services (India) Private Limited has 3 current directors:
- Prashant Verma - Whole-Time Director
- Rajpal Singh Duggal - Director
- Pramod Saxena - Director
The latest financial statements of Oxigen Services (India) Private Limited 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 2015 are in the company report.
The GSTIN of Oxigen Services (India) Private Limited is 06AABCI1405K1ZX, registered in Haryana. The company has 22 GST registrations in all, of which 3 are active and 19 are cancelled or inactive. Other active GSTINs include 03AABCI1405K1Z3 (Punjab), 20AABCI1405K1Z7 (Jharkhand).
The CIN (Corporate Identification Number) of Oxigen Services (India) Private Limited is U74999DL2003PTC121961. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Oxigen Services (India) Private Limited has 32 court cases on record: 11 filed by the company and 21 filed against it. 6 are pending. Most are in the district courts.
Oxigen Services (India) Private Limited was incorporated on 28 August 2003, making it 23+ years old. It is registered with the Registrar of Companies, Delhi.
Oxigen Services (India) Private Limited has 10 deals on record (5 funding rounds, 3 rights issues, 2 secondary share transfers), with disclosed funding of ₹316.75 Cr; the latest was in April 2018.
Abhishek Varshney ceased to be Company Secretary on 24 Sep 2021. Rajpal Singh Duggal was appointed as Director on 31 Dec 2020. Brett Marlon Levy ceased to be Nominee Director on 31 Jan 2020. Oxigen Services (India) Private Limited has 51 board changes on record in total.
Oxigen Services (India) Private Limited has 5 MSME Form 1 returns on record between 2019 and 2021, listing 42 overdue payments to 11 micro and small suppliers. The latest return was filed on 13 May 2021.
Oxigen Services (India) Private Limited can be reached through the website myoxigen.com. Its registered office is in New Delhi, Delhi, India.