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Pagarpay India Private Limited
Pagarpay India Private Limited - information technology in Bengaluru, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹17.78 Lakh
▼ 93% YoY
Net loss · FY 2024
₹11.71 Cr
Latest filing
EBITDA · FY 2024
-₹11.56 Cr
Latest filing
Authorised capital
₹15 Lakh
Registered with MCA
Paid-up capital
₹1.13 Lakh
Issued & subscribed
Company age
5 yrs
Est. 2021
Employees · EPFO
30
Provident fund records
Directors on board
2
As per MCA filings
About Pagarpay India Private Limited
Data last updated:
Pagarpay India Private Limited is a private limited company based in Bengaluru, Karnataka, India, recognised as a startup by DPIIT. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 14 October 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2021PTC153164. Its GSTIN is 29AAMCP3839P1ZF (Karnataka).
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹1.13 Lakh. It is led by directors Bhupendra Bule and Aakash Mittal.
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 Trifecta Adatto 21 Itpl Main Rd Garudachar Palya Mahadevapura, Bengaluru, Karnataka, India – 560048.
As per the financials filed for FY 2024, the company reported a revenue of ₹17.78 Lakh, a decline of 93% compared to the previous year. For the same year it recorded a net loss of ₹11.71 Cr and EBITDA of -₹11.56 Cr.
The company has about 30 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Density. Court records list 3 cases involving the company, including 3 filed by the company; 1 case is pending. The company has 2 deals on record (1 rights issue, 1 funding round), with disclosed funding of ₹15.18 Cr; the latest was in November 2022.
Pagarpay India Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0239738). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U72900KA2021PTC153164
Registration Number 153164
Incorporation Date 14 October 2021
ROC Bangalore
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0239738
Key People
Bhupendra Bule Director Aakash Mittal Director Recognitions & Rankings of Pagarpay India
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-KR-03-0239738
Contact details
Pagarpay India Private Limited's registered office is in Bengaluru, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressTrifecta Adatto 21 Itpl Main Rd Garudachar Palya Mahadevapura, Bengaluru, Karnataka, India – 560048
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Pagarpay India Private Limited, buy the company report.
Comprehensive company report
Pagarpay India 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
Pagarpay India operates one associated brand: Density. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Cryptocurrency derivatives are exchanged online via a dedicated platform. | density.exchange |
Business activity
The main business activity of Pagarpay India is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
Financials of Pagarpay India Private Limited
FY 2024 filings availablePagarpay India Private Limited reported revenue of ₹17.78 Lakh (down 93% YoY) for FY 2024.
Revenue · FY 2024
₹17.78 Lakh ▼ 93%
Net loss · FY 2024
₹11.71 Cr
EBITDA · FY 2024
-₹11.56 Cr
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 93%
EBITDA CAGR growth
1 year
▼ 326%
Revenue fell 93% in the latest year. EBITDA fell 326% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|
| 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 | -₹11.56 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹11.71 Cr | ||
| 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | |||
| Net Profit Margin | |||
| 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 | |||
To see the full financial statements and ratios of Pagarpay India Private Limited, buy the company report.
Board of directors of Pagarpay India Private Limited
Pagarpay India has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bhupendra Bule Also directs: Sleekdigital Technologies LLP, Lecupido India Private Limited | Director | 14 Oct 2021 | 5 Years 1 Months | Current |
| Aakash Mittal | Director | 14 Oct 2021 | 5 Years 1 Months | Current |
Auditor
Pagarpay India Private Limited is audited by KS Reddy & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KS Reddy & Co | FY 2023 | 0011936S |
Shareholding
The shareholding of Pagarpay India Private Limited is on record for 2 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Pagarpay India Private Limited, buy the company report.
Deals & funding
Pagarpay India Private Limited has 2 deals on record (1 rights issue, 1 funding round), with disclosed funding of ₹15.18 Cr; the latest was in November 2022.
Total deals
2
Rights issue
1
Funding round
1
Disclosed funding
₹15.18 Cr
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2022 | Funding round · Seed | ₹15.18 Cr | Investors: Orios Venture Partners, Inflection Point Ventures, Apekson Tradecom Llp |
| Oct 2022 | Rights issue | ₹10,000 | Investors: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Pagarpay India Private Limited has 3 court cases on record: 3 filed by Pagarpay India. 1 case is pending and 2 are disposed.
Total cases
3
Filed by the company
3
Pending
1
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 0 | 1 |
Cases on record (2 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Writ petition | Filed by the company against State of Karnataka and 4 others | Pending |
| High Court, KARNATAKA | Writ petition | Filed by the company against State of Karnataka and 3 others | Disposed |
To see the full case history of Pagarpay 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Pagarpay India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Pagarpay India Private Limited has a workforce of 30 employees on its EPFO records as of May 2024, across 1 active EPFO establishment.
Employee count
30
Active EPFO establishments
1
Employee growth
20%
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2024-25 | 30 |
| FY 2023-24 | |
| FY 2022-23 |
To see the full employee and EPFO history of Pagarpay India Private Limited, buy the company report.
GST
Pagarpay India has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAMCP3839P1ZF | Karnataka | Active | 13 Nov 2021 |
To see the full GST registrations and return filing status of Pagarpay India Private Limited, buy the company report.
Recent activity
Pagarpay India Private Limited has 2 board changes on record since 2021: 2 appointments. The latest: Aakash Mittal was appointed as Director on 14 Oct 2021.
AGM
Pagarpay India Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Pagarpay India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Appointed
Aakash Mittal was appointed as Director.
Appointed
Bhupendra Bule was appointed as Director.
Incorporation
14 Oct 2021
Pagarpay India Private Limited was registered on 14 Oct 2021 with Roc Bangalore & aged 5 years 1 month as per MCA records.
Frequently asked questions
Pagarpay India is an active private limited company based in Bengaluru, Karnataka, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 14 October 2021 (5+ years old) and is registered under CIN U72900KA2021PTC153164.
Pagarpay India has 2 current directors:
- Bhupendra Bule - Director
- Aakash Mittal - Director
The latest financial statements of Pagarpay India 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 2022 are in the company report.
The GSTIN of Pagarpay India is 29AAMCP3839P1ZF, registered in Karnataka.
The CIN (Corporate Identification Number) of Pagarpay India is U72900KA2021PTC153164. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Pagarpay India has 3 court cases on record: 3 filed by the company. 1 is pending.
Pagarpay India was incorporated on 14 October 2021, making it 5+ years old. It is registered with the Registrar of Companies, Bangalore.
Pagarpay India has 2 deals on record (1 rights issue, 1 funding round), with disclosed funding of ₹15.18 Cr; the latest was in November 2022.
Aakash Mittal was appointed as Director on 14 Oct 2021. Bhupendra Bule was appointed as Director on 14 Oct 2021.
Yes, Pagarpay India is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
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