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 10 peer companies in the Ecommerce and Internet industry (Auto) are compared by revenue, 5 larger and 5 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.
- EmailLocked
- TelephoneLocked
- Social Media
- Registered Address401 4th Floor Shree Krishna Plaza Behind Hind Mata School Digha, Navi Mumbai, Maharashtra, India – 400708
- IndustryE-Commerce, Online Automotive Platforms
- 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
- One PDF report, delivered after checkout
Associated Brands with Paix Technology Private Limited
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 of Paix Technology Private Limited
The main business activity of Paix Technology is trade. In detail, this covers retail trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Paix Technology Private Limited FY 2021 filings available
Paix Technology Private Limited reported revenue of ₹179.98 Cr (up 808% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR) of Paix Technology Private Limited
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 of Paix Technology Private Limited
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| 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 | ₹50.81 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹4.73 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 of Paix Technology Private Limited
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 28.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 2.6% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Paix Technology are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
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 of Paix Technology Private Limited
Paix Technology Private Limited is compared with the companies closest to it by revenue in the Ecommerce and Internet industry (Auto). Net profit, margin and employee counts of each company are in the company report.
| 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 |
| Ample Auto Tech Private Limited | ₹182.11 Cr (FY 2025) | •••• | •••• | 33.0% | •••• | New Delhi, Delhi, India |
| Jayalakshmi Auto Enterprises Private Limited | ₹181.61 Cr (FY 2025) | •••• | •••• | -2.0% | •••• | Hyderabad, Telangana, India |
| Tech Auto Private Limited | ₹181.08 Cr (FY 2025) | •••• | •••• | 14.0% | •••• | New Delhi, Delhi, India |
| Paix Technology Private Limited this company | ₹179.98 Cr (FY 2022) | •••• | •••• | 808.0% | •••• | Navi Mumbai, Maharashtra, India |
| Triumph Auto Cars Private Limited | ₹179.83 Cr (FY 2025) | •••• | •••• | 6.0% | •••• | Delhi, India |
| Prime Movers Auto Associates Private Limited | ₹179.67 Cr (FY 2023) | •••• | •••• | 14.0% | •••• | Kolkata, West Bengal, India |
| Konduskar Auto Centre Private Limited | ₹178.75 Cr (FY 2025) | •••• | •••• | 7.0% | •••• | Kolhapur, Maharashtra, India |
| Daewon India Auto Parts Private Limited | ₹177.4 Cr (FY 2025) | •••• | •••• | -2.0% | •••• | Thiruvallur, Tamil Nadu, India |
| Raj Sneh Auto India Private Limited | ₹177.04 Cr (FY 2018) | •••• | •••• | -15.0% | •••• | Delhi, India |
Peers are the five companies nearest above and the five nearest below Paix Technology by revenue in the Ecommerce and Internet industry (Auto), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Paix Technology Private Limited
Paix Technology Private Limited is audited by KEDIA & AGRAWAL for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| KEDIA & AGRAWAL | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Paix Technology Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Paix Technology Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Oct 2019 | Others | ₹10 Cr | Satisfied |
| 29 Nov 2018 | State Bank of India | ₹9.5 Cr | Satisfied |
| 24 Oct 2018 | Others | ₹10 Cr | Satisfied |
| 24 May 2018 | Axis Bank Limited | ₹8 Cr | Satisfied |
Total charge records: 4 View all charges
Deals & Funding of Paix Technology Private Limited
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 |
Full deal history
All 6 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Paix Technology Private Limited
Paix Technology Private Limited has 2 court cases on record: 1 filed by Paix Technology, 1 filed against it. All cases are disposed. Status as checked on 03 Oct 2026.
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 |
Full case history
All 2 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Paix Technology Private Limited
Paix Technology Private Limited has a workforce of 5 employees as of Apr 06, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Paix Technology Private Limited
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 listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Paix Technology Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Paix Technology Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Paix Technology Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Paix Technology Private Limited
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.
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Paix Technology Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Related news about Paix Technology Private Limited
Frequently Asked Questions about Paix Technology Private Limited
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 reported revenue of ₹179.98 Cr for FY 2022 (up 808% YoY).
Paix Technology has 2 current directors:
- Ravi Kumar Pawan Kumar Chirania - Director
- Suraj Kalwani - Director
Paix Technology reported a net profit of ₹4.73 Cr (net margin 2.6%) and EBITDA of ₹50.81 Cr (EBITDA margin 28.2%) for FY 2022, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Paix Technology is 2% over three years and 91% over five years. In the latest year (FY 2022) revenue rose 808%. CAGR is the steady yearly rate that links the first and the last year.
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.