About Paix Technology Private Limited
Data last updated:
Paix Technology Private Limited is a private limited company based in Navi Mumbai, Maharashtra, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the online automotive platforms segment of the e-commerce sector. It was incorporated on 13 March 2015.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72900MH2015PTC262707. The company has 5 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹22.34 Lakh and a paid-up capital of ₹18.47 Lakh. It is led by directors Ravi Kumar Pawan Kumar Chirania and Suraj Kalwani.
Its last annual general meeting (AGM) was held on 30 September 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at 401 4th Floor Shree Krishna Plaza Behind Hind Mata School Digha, Navi Mumbai, Maharashtra, India – 400708.
As per the financials filed for FY 2022, the company reported a revenue of ₹179.98 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹4.73 Cr (net margin 2.6%) and EBITDA of ₹50.81 Cr (EBITDA margin 28.2%). Revenue has grown at a compounded annual rate (CAGR) of 2% over three years and 91% over five years.
The company has about 5 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Truebil. As per MCA filings, the company has satisfied charges of ₹37.5 Cr on record. Court records list 2 cases involving the company, including 1 filed by the company and 1 filed against it. The company has 6 deals on record (4 funding rounds, 1 secondary share transfer, 1 debt financing), with disclosed funding of ₹140.18 Cr; the latest was in October 2018. Its 5 peer companies in the Ecommerce and Internet industry (Auto), with the same principal business activity (retail trading) are compared by revenue, 3 larger and 2 smaller; the largest is Khanna Auto Sales Private Limited with revenue of ₹183.06 Cr.
The last known website on record is paixtechnologypvtltd.gaadi.com.
Company details
Contact details
Paix Technology Private Limited's registered office is in Navi Mumbai, Maharashtra. Its website is paixtechnologypvtltd.gaadi.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Social Media
- Registered Address401 4th Floor Shree Krishna Plaza Behind Hind Mata School Digha, Navi Mumbai, Maharashtra, India – 400708
- IndustryE-Commerce, Online Automotive Platforms
To see the full contact details of Paix Technology 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
Paix Technology operates one associated brand: Truebil. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Online P2P marketplace for used cars | truebil.com |
Business activity
The main business activity of Paix Technology is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Paix Technology Private Limited, buy the company report.
Financials of Paix Technology Private Limited
FY 2021 filings availablePaix Technology Private Limited reported revenue of ₹179.98 Cr (up 808% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 91% over five years, including 808% growth in the latest year. EBITDA rose 888% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| EBITDA | ₹50.81 Cr | ||||
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| Net Profit (PAT) | ₹4.73 Cr | ||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| EBITDA Margin | 28.2% | ||||
| Net Profit Margin | 2.6% | ||||
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To see the full financial statements and ratios of Paix Technology Private Limited, buy the company report.
Board of directors of Paix Technology Private Limited
Paix Technology has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ravi Kumar Pawan Kumar Chirania | Director | 13 Mar 2015 | 11 Years 7 Months | As last reported |
| Suraj Kalwani Also directs: Garuda Biz Labs Private Limited, Together Innovation Labs Private Limited, Mindful Innovation Labs Private Limited and 1 more | Director | 13 Mar 2015 | 11 Years 7 Months | As last reported |
Peer comparison
Paix Technology Private Limited is compared with the 5 companies closest to it by revenue in the Ecommerce and Internet industry (Auto), with the same principal business activity (retail trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Khanna Auto Sales Private Limited | ₹183.06 Cr (FY 2025) | 2.0% | Uttar Pradesh, India | |||
| Om Auto Private Limited | ₹182.76 Cr (FY 2025) | 39.0% | Lucknow, Uttar Pradesh, India | |||
| Jayalakshmi Auto Enterprises Private Limited | ₹181.61 Cr (FY 2025) | -2.0% | Hyderabad, Telangana, India | |||
| Paix Technology Private Limitedthis company | ₹179.98 Cr (FY 2022) | ₹4.73 Cr | 2.6% | 808.0% | 5 | Navi Mumbai, Maharashtra, India |
| Triumph Auto Cars Private Limited | ₹179.83 Cr (FY 2025) | 6.0% | Delhi, India | |||
| Raj Sneh Auto India Private Limited | ₹177.04 Cr (FY 2018) | -15.0% | Delhi, India |
To see the full peer comparison of Paix Technology Private Limited, buy the company report.
Auditor
Paix Technology Private Limited is audited by KEDIA & AGRAWAL for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KEDIA & AGRAWAL | FY 2021 | 140989W |
Shareholding
The shareholding of Paix Technology Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Paix Technology Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Oct 2019 | 100298752 | Others | ₹10 Cr | Satisfied | |
| 29 Nov 2018 | 100231816 | State Bank of India | ₹9.5 Cr | Satisfied | |
| 24 Oct 2018 | 100219500 | Others | ₹10 Cr | Satisfied | |
| 24 May 2018 | 100184328 | Axis Bank Limited | ₹8 Cr | Satisfied |
To see the full charge records of Paix Technology Private Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Paix Technology Private Limited has 6 deals on record (4 funding rounds, 1 secondary share transfer, 1 debt financing), with disclosed funding of ₹140.18 Cr; the latest was in October 2018.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2018 | Debt financing | ₹10 Cr | Investors: Trifecta Capital |
| Sep 2018 | Funding round · Series B | ₹72.91 Cr | Investors: Shunwei Capital, Athera Venture Partners (Inventus India), Kalaari Capital, an individual |
| Nov 2015 | Funding round · Series A | ₹34.8 Cr | Investors: Kalaari Capital, Athera Venture Partners (Inventus India), Kae Capital Management |
| Jun 2015 | Funding round · Pre-Series A | ₹2.11 Cr | Investors: Kae Capital Management, an individual |
| Jun 2015 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 4 individuals |
To see the full deal history of Paix Technology 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
Paix Technology Private Limited has 2 court cases on record: 1 filed by Paix Technology, 1 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 1 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Gautam Buddha Nagar, Uttar Pradesh | Criminal case | Filed against the company by State Government | Disposed |
| District court, New Delhi, Delhi | Criminal case | Filed by the company against an individual | Disposed |
To see the full case history of Paix Technology 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 Paix Technology Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Paix Technology Private Limited has a workforce of 5 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
Paix Technology has 5 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Paix Technology Private Limited, buy the company report.
Recent activity
Paix Technology Private Limited has 6 board changes on record since 2015: 2 appointments and 4 cessations. The latest: Sasha Gulu Mirchandani ceased to be Nominee Director on 11 Nov 2021.
5 earlier events are in the company report.
News
Frequently asked questions
Paix Technology is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Paix Technology is a company under liquidation, formerly operating as a private limited company based in Navi Mumbai, Maharashtra, India. The company works in online automotive platforms, within the e-commerce industry. It was incorporated on 13 March 2015 and is registered under CIN U72900MH2015PTC262707. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Paix Technology has 2 current directors:
- Ravi Kumar Pawan Kumar Chirania - Director
- Suraj Kalwani - Director
The latest financial statements of Paix Technology on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 September 2021. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Paix Technology is U72900MH2015PTC262707. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Paix Technology has no open charges and satisfied charges of ₹37.5 Cr as per latest MCA filings.
Paix Technology has 2 court cases on record: 1 filed by the company and 1 filed against it.
Paix Technology was incorporated on 13 March 2015. It is registered with the Registrar of Companies, Mumbai.
Paix Technology has 6 deals on record (4 funding rounds, 1 secondary share transfer, 1 debt financing), with disclosed funding of ₹140.18 Cr; the latest was in October 2018.
The peers of Paix Technology by revenue are Khanna Auto Sales Private Limited, Om Auto Private Limited, Jayalakshmi Auto Enterprises Private Limited, Triumph Auto Cars Private Limited, Raj Sneh Auto India Private Limited, all in the Ecommerce and Internet industry (Auto), with the same principal business activity (retail trading).
Sasha Gulu Mirchandani ceased to be Nominee Director on 11 Nov 2021. Shubh Bansal ceased to be Director on 27 Oct 2021. Rutvik Doshi ceased to be Nominee Director on 15 Dec 2020. Paix Technology has 6 board changes on record in total.