About Pay10 Services Private Limited
Data last updated:
Pay10 Services Private Limited is a private limited company based in New Delhi, Delhi, India, recognised as a startup by DPIIT. It operates in the online payment gateways segment of the financial services sector. It was incorporated on 03 October 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74999DL2017PTC324436. Its GSTIN is 07AAHCB4709M1ZF (Delhi). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹27.78 Lakh. It is led by directors Lokesh Kumar (Whole-Time Director) and Rakesh Khanna.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Property Bearing No. 4 First Floor Ring Road Lajpat Nagar – IV, New Delhi, Delhi, India – 110024.
As per the financials filed for FY 2025, the company reported a revenue of ₹268.57 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹130.73 Cr (net margin 48.7%) and EBITDA of ₹177.91 Cr (EBITDA margin 66.2%). Revenue has grown at a compounded annual rate (CAGR) of 58% over three years and 152% over five years.
The company has about 133 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Bhartipay. Court records list 7 cases involving the company, including 3 filed by the company and 1 filed against it; 1 case is pending. The company has 13 deals on record (11 secondary share transfers, 2 rights issues); the latest was in July 2023. Its 10 peer companies in the BFSI industry (Payment Gateways) are compared by revenue, 5 larger and 5 smaller; the largest is Synergistic Financial Networks Private Limited with revenue of ₹611.84 Cr. The company has 6 MSME Form 1 returns on record between 2022 and 2024, listing 19 overdue payments to 9 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 bhartipay.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressProperty Bearing No. 4 First Floor Ring Road Lajpat Nagar – IV, New Delhi, Delhi, India – 110024
- IndustryFinancial Services, Online Payment Gateways
- 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
Business Activity of Pay10 Services Private Limited
The main business activity of Pay10 Services is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities | 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 Pay10 Services Private Limited FY 2024 filings available
Pay10 Services Private Limited reported revenue of ₹268.57 Cr (up 203% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Pay10 Services Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 152% over five years, including 203% growth in the latest year. EBITDA rose 477% 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 Pay10 Services Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹177.91 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹130.73 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 Pay10 Services Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 66.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 48.7% | •••• | •••• | •••• | •••• |
| 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 Pay10 Services are in the company report.
Financial statements from FY 2018
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.
Peer Comparison of Pay10 Services Private Limited
Pay10 Services Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Payment Gateways). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Synergistic Financial Networks Private Limited | ₹611.84 Cr (FY 2025) | •••• | •••• | 44.0% | •••• | Mumbai, Maharashtra, India |
| Rapipay Fintech Private Limited | ₹360.03 Cr (FY 2025) | •••• | •••• | -16.0% | •••• | New Delhi, Delhi, India |
| Mindgate Solutions Private Limited | ₹355.36 Cr (FY 2025) | •••• | •••• | 41.0% | •••• | Mumbai, Maharashtra, India |
| Zaak Epayment Services Private Limited | ₹297.26 Cr (FY 2025) | •••• | •••• | 74.0% | •••• | Gurugram, Haryana, India |
| Dp4u Services Private Limited | ₹278.8 Cr (FY 2025) | •••• | •••• | •••• | Noida, Uttar Pradesh, India | |
| Pay10 Services Private Limited this company | ₹268.57 Cr (FY 2025) | •••• | •••• | 203.0% | •••• | New Delhi, Delhi, India |
| Airpay Payment Services Private Limited | ₹213.13 Cr (FY 2025) | •••• | •••• | 66.0% | •••• | Mumbai, Maharashtra, India |
| Stripe India Private Limited | ₹205.08 Cr (FY 2025) | •••• | •••• | 2.0% | •••• | Bangalore, Karnataka, India |
| Urpay Solutions Private Limited | ₹160.72 Cr (FY 2022) | •••• | •••• | -3.0% | •••• | New Delhi, Delhi, India |
| Adyen India Technology Services Private Limited | ₹147.51 Cr (FY 2025) | •••• | •••• | 9.0% | •••• | Mumbai, Maharashtra, India |
| Innoviti Technologies Private Limited | ₹144.45 Cr (FY 2025) | •••• | •••• | 32.0% | •••• | Bangalore, Karnataka, India |
Peers are the five companies nearest above and the five nearest below Pay10 Services by revenue in the BFSI industry (Payment Gateways), 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 Pay10 Services Private Limited
Pay10 Services Private Limited is audited by Pawan Shubham & Co. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Pawan Shubham & Co. | 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.
Board of Directors and KMP of Pay10 Services Private Limited
Pay10 Services Private Limited currently reports 2 directors and 2 key managerial personnel. 9 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rakesh Khanna Also directs: Shivram Foods Private Limited, East Saffron Financial Investments Private Limited, T I Infotech Private Limited and 1 more | Director | 11 Aug 2021 | 5 Years 2 Months | Current |
| Lokesh Kumar Also directs: East Saffron Financial Investments Private Limited | Whole-Time Director | 06 May 2022 | 4 Years 5 Months | Current |
| Atul Mehta Also directs: Get Smart Consultants LLP | Ceo | 24 Jan 2024 | 2 Years 8 Months | Current |
| Ahsan Agha Also directs: Pos10 (India) Services Private Limited | Cfo | 31 Mar 2023 | 3 Years 6 Months | Current |
Ownership and Shareholding of Pay10 Services 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 Pay10 Services Private Limited
Pay10 Services Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding of Pay10 Services Private Limited
Pay10 Services Private Limited has 13 deals on record (11 secondary share transfers, 2 rights issues); the latest was in July 2023.
Deals on record (5 of 13)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2023 | Secondary share transfer | Undisclosed | Buyer: Suisse Glocal Finance GMBH Seller: East Saffron Financial Investments Private Limited , an individual |
| Jul 2023 | Secondary share transfer | Undisclosed | Buyer: East Saffron Financial Investments Private Limited Seller: 4 individuals |
| Jun 2023 | Secondary share transfer | Undisclosed | Buyer: East Saffron Financial Investments Private Limited Seller: an individual |
| Sep 2021 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: an individual |
| Mar 2021 | Rights issue | ₹6 Cr | Investors: an individual |
Full deal history
All 13 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 Pay10 Services Private Limited
Pay10 Services Private Limited has 7 court cases on record: 3 filed by Pay10 Services, 1 filed against it, 3 where it is another party. 1 case is pending and 6 are disposed. Status as checked between 21 Sep 2026 and 02 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 1 | 1 |
| High courts | 2 | 0 | 0 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ernakulam, Kerala | Criminal miscellaneous application | Company is another party | Pending |
| High Court of Delhi | Writ petition | Filed by the company against Union of India Ad Ors | Disposed |
| High Court of Delhi | Writ petition | Filed by the company against Union of India Ad Ors | Disposed |
| District court, Theni, Tamil Nadu | Criminal miscellaneous application | Filed by the company against an individual | Disposed |
| District court, Patan, Gujarat | Criminal miscellaneous application | Filed against the company by an individual | Disposed |
Full case history
All 7 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.
MSME Payment Delays by Pay10 Services Private Limited
Pay10 Services Private Limited has 6 MSME Form 1 returns on record between 2022 and 2024, listing 19 overdue payments to 9 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 9)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 6 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Associated Brands with Pay10 Services Private Limited
Pay10 Services operates one associated brand: Bhartipay. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers a secure payment gateway for online transactions. | bhartipay.com |
Employees and EPFO Compliance at Pay10 Services Private Limited
Pay10 Services Private Limited has a workforce of 133 employees as of Mar 23, 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 Pay10 Services Private Limited
Pay10 Services Private Limited has 13 board changes on record since 2020: 4 appointments and 9 cessations. The latest: Atul Mehta ceased to be Additional Director on 29 Sep 2025.
4 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Pay10 Services 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.
Subsidiaries & Group Companies of Pay10 Services 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 Pay10 Services Private Limited
Pay10 Services has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAHCB4709M1ZF | Delhi | Active | 09 Nov 2017 |
| 09AAHCB4709M1ZB | Uttar Pradesh | Active | 14 Mar 2019 |
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 Pay10 Services 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.
Frequently Asked Questions about Pay10 Services Private Limited
Pay10 Services is an active private limited company based in New Delhi, Delhi, India. The company works in online payment gateways, within the financial services industry. It was incorporated on 03 October 2017 (9+ years old) and is registered under CIN U74999DL2017PTC324436.
Pay10 Services reported revenue of ₹268.57 Cr for FY 2025 (up 203% YoY).
Pay10 Services has 4 current directors and KMP:
- Lokesh Kumar - Whole-Time Director
- Rakesh Khanna - Director
- Atul Mehta - Ceo
- Ahsan Agha - Cfo
Pay10 Services reported a net profit of ₹130.73 Cr (net margin 48.7%) and EBITDA of ₹177.91 Cr (EBITDA margin 66.2%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Pay10 Services is 58% over three years and 152% over five years. In the latest year (FY 2025) revenue rose 203%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Pay10 Services is 07AAHCB4709M1ZF, registered in Delhi. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 09AAHCB4709M1ZB (Uttar Pradesh).
The CIN (Corporate Identification Number) of Pay10 Services is U74999DL2017PTC324436. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Pay10 Services has 7 court cases on record: 3 filed by the company and 1 filed against it. 1 is pending. Most are in the district courts.
Pay10 Services was incorporated on 03 October 2017, making it 9+ years old. It is registered with the Registrar of Companies, Delhi.
Pay10 Services has 13 deals on record (11 secondary share transfers, 2 rights issues); the latest was in July 2023.
The peers of Pay10 Services by revenue are Synergistic Financial Networks Private Limited, Rapipay Fintech Private Limited, Mindgate Solutions Private Limited, Zaak Epayment Services Private Limited, Dp4u Services Private Limited and 5 more, all in the BFSI industry (Payment Gateways).
Atul Mehta ceased to be Additional Director on 29 Sep 2025. Atul Mehta was appointed as CEO on 24 Jan 2024. Ravindra Pandey ceased to be Additional Director on 29 Sep 2023. Pay10 Services has 13 board changes on record in total.