About Pay2u Fintech Private Limited
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Pay2u Fintech Private Limited is a private limited company based in Bengaluru, Karnataka, India. It operates in the digital payment solutions segment of the financial services sector. It was incorporated on 11 September 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U67200KA2019PTC127850. Its GSTIN is 29AAKCP7661B1Z6 (Karnataka).
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Karthik Yellareddy and Renuka Venkata.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at Bengaluru, Karnataka.
As per the financials filed for FY 2022, the company reported a revenue of ₹52.81 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹91,000 (net margin 1.7%) and EBITDA of ₹1.23 Lakh (EBITDA margin 2.3%).
Court records list 1 case involving the company, including 1 filed against it; 1 case is pending.
For more details, the company can be reached via its website pay2bank.in.
Company details
Contact details
Pay2u Fintech Private Limited's registered office is in Bengaluru, Karnataka. Its website is pay2bank.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressSbn Tower Basement Sy No. 13/1A Site No. 303 Iggaluru Village Chandapura Post Anek, Al Taluk, Bengaluru, Karnataka, India – 560081
- IndustryFinancial Services, Digital Payment Solutions
To see the full contact details of Pay2u Fintech 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
Business activity
The main business activity of Pay2u Fintech is information and communication. In detail, this covers other information & communication service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Pay2u Fintech Private Limited, buy the company report.
Financials of Pay2u Fintech Private Limited
FY 2022 filings availablePay2u Fintech Private Limited reported revenue of ₹52.81 Lakh (up 208% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue rose 208% in the latest year. EBITDA rose 62% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | ₹52.81 Lakh | ||
| Other Income | |||
| Total Revenue | |||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹1.23 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹91,000 | ||
| 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 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 2.3% | ||
| Net Profit Margin | 1.7% | ||
| Return on Equity (ROE) | |||
| Return on Capital Employed (ROCE) | |||
| Return on Assets (ROA) | |||
| Liquidity and Debt | |||
| Current Ratio | |||
| Quick Ratio | |||
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| 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 Pay2u Fintech Private Limited, buy the company report.
Board of directors of Pay2u Fintech Private Limited
Pay2u Fintech has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Karthik Yellareddy | Director | 11 Sep 2019 | 7 Years 1 Months | Current |
| Renuka Venkata | Director | 11 Sep 2019 | 7 Years 1 Months | Current |
Auditor
Pay2u Fintech Private Limited is audited by BHARATH & CO for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BHARATH & CO | FY 2022 | 016963S |
Shareholding
The shareholding of Pay2u Fintech Private Limited is on record for 3 financial years, the latest being FY 2022, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Pay2u Fintech Private Limited, buy the company report.
Legal cases
Pay2u Fintech Private Limited has 1 court case on record: 1 filed against it. All case is pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Cholamandalam Investment and Finance Company Ltd. | Pending |
To see the full case history of Pay2u Fintech 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 Pay2u Fintech Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Pay2u Fintech has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAKCP7661B1Z6 | Karnataka | Active | 07 Mar 2021 |
To see the full GST registrations and return filing status of Pay2u Fintech Private Limited, buy the company report.
Recent activity
Pay2u Fintech Private Limited has 2 board changes on record since 2019: 2 appointments. The latest: Karthik Yellareddy was appointed as Director on 11 Sep 2019.
Frequently asked questions
Pay2u Fintech is an active private limited company based in Bengaluru, Karnataka, India. The company works in digital payment solutions, within the financial services industry. It was incorporated on 11 September 2019 (7+ years old) and is registered under CIN U67200KA2019PTC127850.
Pay2u Fintech has 2 current directors:
- Karthik Yellareddy - Director
- Renuka Venkata - Director
The latest financial statements of Pay2u Fintech on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from FY 2020 are in the company report.
The GSTIN of Pay2u Fintech is 29AAKCP7661B1Z6, registered in Karnataka.
The CIN (Corporate Identification Number) of Pay2u Fintech is U67200KA2019PTC127850. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Pay2u Fintech has 1 court case on record: 1 filed against it. 1 is pending.
Pay2u Fintech was incorporated on 11 September 2019, making it 7+ years old. It is registered with the Registrar of Companies, Bangalore.
Karthik Yellareddy was appointed as Director on 11 Sep 2019. Renuka Venkata was appointed as Director on 11 Sep 2019.
Pay2u Fintech can be reached through the website pay2bank.in. Its registered office is in Bengaluru, Karnataka, India.
The registered office of Pay2u Fintech is at Sbn Tower Basement Sy No. 131A Site No. 303 Iggaluru Village Chandapura Post Anek, Al Taluk, Bengaluru, Karnataka, India – 560081.