MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-TN-23-0009296
Payagri Innovations Private Limited - internet in Dindigul, Tamil Nadu, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹77.58 Cr
▼ 32% YoY
Net profit · FY 2025
₹8.95 Lakh
Net margin 0.1%
EBITDA · FY 2025
₹2.49 Cr
EBITDA margin 3.2%
Authorised capital
₹9.9 Lakh
Registered with MCA
Paid-up capital
₹1.44 Lakh
Issued & subscribed
Open charges
₹13.8 Cr
Satisfied ₹8 Cr
Company age
9 yrs
Est. 2017
Employees · EPFO
14
Provident fund records
About Payagri Innovations Private Limited
Data last updated:
Payagri Innovations Private Limited is a private limited company based in Dindigul, Tamil Nadu, India. It operates in the online service marketplaces segment of the internet and digital services sector. It was incorporated on 15 February 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U01100TZ2017PTC028512. Its GSTIN is 33AAICP9747J1ZV (Tamil Nadu). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹9.9 Lakh and a paid-up capital of ₹1.44 Lakh. It is led by directors including Manickavasagan Kamachi Veerakamachi Rajkumar (Managing Director) and Gopalakrishnakaimal Rajeev (Managing Director).
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 No8/6 Padmacomplex1Stfloor Gopalasamudramwestbankroa, Dindigul, Tamil Nadu, India – 624001.
As per the financials filed for FY 2025, the company reported a revenue of ₹77.58 Cr, a decline of 32% compared to the previous year. For the same year it recorded a net profit of ₹8.95 Lakh (net margin 0.1%) and EBITDA of ₹2.49 Cr (EBITDA margin 3.2%). Revenue has grown at a compounded annual rate (CAGR) of 37% over three years and 59% over five years.
The company has about 14 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: PayAgri. As per MCA filings, the company has open charges of ₹13.8 Cr and satisfied charges of ₹8 Cr on record. Court records list 38 cases involving the company, including 32 filed by the company and 6 filed against it; 5 cases are pending. The company has 9 deals on record (5 funding rounds, 3 secondary share transfers, 1 debt financing), with disclosed funding of ₹16.09 Cr; the latest was in March 2024. Its 4 peer companies in the Agriculture industry (Agri Services), with the same principal business activity (wholesale trading) are compared by revenue, 2 larger and 2 smaller; the largest is Pursuit Industries Private Limited with revenue of ₹79.1 Cr.
Payagri Innovations Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-TN-23-0009296). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website payagri.com.
Company details
CIN U01100TZ2017PTC028512
Registration Number 028512
Incorporation Date 15 February 2017
ROC Coimbatore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-TN-23-0009296
Key People
Manickavasagan Kamachi Veerakamachi Rajkumar Managing Director Gopalakrishnakaimal Rajeev Managing Director Venkatraman Sundharam Nominee Director Recognitions & Rankings of Payagri Innovations
Contact details
Payagri Innovations Private Limited's registered office is in Dindigul, Tamil Nadu. Its website is payagri.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo8/6 Padmacomplex1Stfloor Gopalasamudramwestbankroa, Dindigul, Tamil Nadu, India – 624001
- IndustryInternet, Online Service Marketplaces
To see the full contact details of Payagri Innovations Private Limited, buy the company report.
Comprehensive company report
Payagri Innovations 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
Payagri Innovations operates one associated brand: PayAgri. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Supply chain solutions are developed for agri and food sectors. | payagri.com |
Business activity
The main business activity of Payagri Innovations is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Payagri Innovations Private Limited, buy the company report.
Financials of Payagri Innovations Private Limited
FY 2024 filings availablePayagri Innovations Private Limited reported revenue of ₹77.58 Cr (down 32% YoY) for FY 2025.
Revenue · FY 2025
₹77.58 Cr ▼ 32%
Net profit · FY 2025
₹8.95 Lakh margin 0.1%
EBITDA · FY 2025
₹2.49 Cr margin 3.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 32%
3 years · compounded
▲ 37%
5 years · compounded
▲ 59%
EBITDA CAGR growth
1 year
▲ 23%
3 years · compounded
▲ 67%
5 years · compounded
▲ 69%
Revenue fell 32% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 59%. EBITDA rose 23% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹2.49 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹8.95 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.2% | ||||
| Net Profit Margin | 0.1% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Payagri Innovations Private Limited, buy the company report.
Board of directors of Payagri Innovations Private Limited
Payagri Innovations has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Venkatraman Sundharam Also directs: VMRS Properties LLP, Kosherr Education Foundation LLP, Link Up Textiles Private Limited and 4 more | Nominee Director | 10 Mar 2021 | 5 Years 7 Months | Current |
| Manickavasagan Kamachi Veerakamachi Rajkumar | Managing Director | 15 Feb 2017 | 9 Years 8 Months | Current |
| Gopalakrishnakaimal Rajeev | Managing Director | 15 Feb 2017 | 9 Years 8 Months | Current |
Peer comparison
Payagri Innovations Private Limited is compared with the 4 companies closest to it by revenue in the Agriculture industry (Agri Services), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Pursuit Industries Private Limited | ₹79.1 Cr (FY 2025) | 40.0% | Surat, Gujarat, India | |||
| Shree Vyankatesh Farmers Producer Company Limited | ₹77.68 Cr (FY 2024) | 179.0% | Nashik, Maharashtra, India | |||
| Payagri Innovations Private Limitedthis company | ₹77.58 Cr (FY 2025) | ₹8.95 Lakh | 0.1% | -32.0% | 14 | Dindigul, Tamil Nadu, India |
| Kanchani Farmer Producer Company Limited | ₹77.27 Cr (FY 2024) | 189.0% | Warora, Maharashtra, India | |||
| Drapyvine Agrobiz Private Limited | ₹76.49 Cr (FY 2023) | -88.0% | Anand, Gujarat, India |
To see the full peer comparison of Payagri Innovations Private Limited, buy the company report.
Auditor
Payagri Innovations Private Limited is audited by M BALASUBRAMANIAN for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M BALASUBRAMANIAN | FY 2023 |
Shareholding
The shareholding of Payagri Innovations Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Payagri Innovations Private Limited, buy the company report.
Charges & borrowings
Open charges
₹13.8 Cr
Satisfied charges
₹8 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Mar 2024 | 100885972 | Others | ₹5 Cr | Open | |
| 05 Apr 2023 | 100697490 | State Bank of India | ₹8.8 Cr | Open | |
| 08 Feb 2024 | 100927042 | Others | ₹3 Cr | Satisfied | |
| 12 Jan 2022 | 100523288 | Others | ₹2 Cr | Satisfied | |
| 03 Jan 2022 | 100530491 | Others | ₹1 Cr | Satisfied |
To see the full charge records of Payagri Innovations Private Limited, buy the company report.
Total charge records: 7 View all charges
Deals & funding
Payagri Innovations Private Limited has 9 deals on record (5 funding rounds, 3 secondary share transfers, 1 debt financing), with disclosed funding of ₹16.09 Cr; the latest was in March 2024.
Total deals
9
Funding rounds
5
Secondary share transfers
3
Debt financing
1
Disclosed funding
₹16.09 Cr
Deals on record (5 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2024 | Funding round | ₹8 Cr | Investors: Tamil Nadu Infrastructure Fund Management Corporation |
| Aug 2023 | Funding round | ₹1.23 Cr | Investors: an individual |
| Mar 2022 | Debt financing | ₹3 Cr | Investors: Np 1 Capital Trust |
| Mar 2021 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Jul 2020 | Funding round | ₹2.65 Cr | Investors: Linkup Textiles Private Limited, an individual |
To see the full deal history of Payagri Innovations 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
Payagri Innovations Private Limited has 38 court cases on record: 32 filed by Payagri Innovations, 6 filed against it. 5 cases are pending and 33 are disposed.
Total cases
38
Filed by the company
32
Filed against the company
6
Pending
5
Disposed
33
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 34 | 3 | 5 |
| High courts | 4 | 3 | 0 |
Cases on record (5 of 38)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South, Delhi | Cheque dishonour complaint | Filed against the company by Godrej Finance Ltd | Pending |
| District court, Gautam Buddha Nagar, Uttar Pradesh | Criminal case | Filed against the company by Kisetsu Saison Finance India Private Limited | Pending |
| Bombay High Court | Arbitration matter | Filed against the company by Smartpaddle Technology Private Limited | Disposed |
| Madras High Court | Court case (CRL OP(MD)) | Filed against the company by Ofb Tech Private Limited | Disposed |
| Madras High Court | Court case (CRL MP(MD)) | Filed against the company by Ofb Tech Private Limited | Disposed |
To see the full case history of Payagri Innovations 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 Payagri Innovations Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Payagri Innovations Private Limited has a workforce of 14 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
Employee count
14
Active EPFO establishments
1
Employee growth
-36.36%
GST
Payagri Innovations has 3 GST registrations: 3 active.
Total GSTINs
3
Active
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAICP9747J1ZV | Tamil Nadu | Active | 03 Aug 2017 |
| 29AAICP9747J1ZK | Karnataka | Active | 08 Sep 2020 |
| 32AAICP9747J1ZX | Kerala | Active | 29 Jul 2021 |
To see the full GST registrations and return filing status of Payagri Innovations Private Limited, buy the company report.
Recent activity
Payagri Innovations Private Limited has 8 board changes on record since 2017: 4 appointments and 4 cessations. The latest: Krishnaswamy Jayanthmurali ceased to be Additional Director on 29 Sep 2024.
AGM
Payagri Innovations Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Charges
A charge with State Bank Of India of Rs. 880.00 Lakh registered on 05 Apr 2023 with Charge ID 100697490 was modified on 30 Sep 2024.
Ceased
Krishnaswamy Jayanthmurali ceased to be Additional Director.
Charges
A charge registered on 08 Feb 2024 via Charge ID 100927042 with Others was fully satisfied on 06 Jun 2024.
Appointed
Krishnaswamy Jayanthmurali was appointed as Director.
Filing
Payagri Innovations Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Coimbatore.
Charges
A charge with Others amounted to Rs. 500.00 Lakh with Charge ID 100885972 was registered on 25 Mar 2024.
Charges
A charge registered on 03 Jan 2022 via Charge ID 100530491 with Others was fully satisfied on 19 Mar 2024.
Charges
A charge registered on 26 Apr 2021 via Charge ID 100447626 with Others was fully satisfied on 15 Mar 2024.
Charges
A charge registered on 26 Apr 2021 via Charge ID 100456723 with Others was fully satisfied on 24 Feb 2024.
Charges
A charge with Others amounted to Rs. 300.00 Lakh with Charge ID 100927042 was registered on 08 Feb 2024.
Charges
A charge registered on 12 Jan 2022 via Charge ID 100523288 with Others was fully satisfied on 19 Oct 2023.
12 earlier events are in the company report.
Frequently asked questions
Payagri Innovations is an active private limited company based in Dindigul, Tamil Nadu, India. The company works in online service marketplaces, within the internet industry. It was incorporated on 15 February 2017 (9+ years old) and is registered under CIN U01100TZ2017PTC028512.
Payagri Innovations has 3 current directors:
- Manickavasagan Kamachi Veerakamachi Rajkumar - Managing Director
- Gopalakrishnakaimal Rajeev - Managing Director
- Venkatraman Sundharam - Nominee Director
The latest financial statements of Payagri Innovations 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 2017 are in the company report.
The GSTIN of Payagri Innovations is 33AAICP9747J1ZV, registered in Tamil Nadu. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 29AAICP9747J1ZK (Karnataka), 32AAICP9747J1ZX (Kerala).
The CIN (Corporate Identification Number) of Payagri Innovations is U01100TZ2017PTC028512. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Payagri Innovations has 38 court cases on record: 32 filed by the company and 6 filed against it. 5 are pending. Most are in the district courts.
Payagri Innovations was incorporated on 15 February 2017, making it 9+ years old. It is registered with the Registrar of Companies, Coimbatore.
Payagri Innovations has 9 deals on record (5 funding rounds, 3 secondary share transfers, 1 debt financing), with disclosed funding of ₹16.09 Cr; the latest was in March 2024.
The peers of Payagri Innovations by revenue are Pursuit Industries Private Limited, Shree Vyankatesh Farmers Producer Company Limited, Kanchani Farmer Producer Company Limited, Drapyvine Agrobiz Private Limited, all in the Agriculture industry (Agri Services), with the same principal business activity (wholesale trading).
Krishnaswamy Jayanthmurali ceased to be Additional Director on 29 Sep 2024. Krishnaswamy Jayanthmurali was appointed as Director on 10 May 2024. Kamachi Veerakamachi Manickavasagan ceased to be Director on 09 Sep 2021. Payagri Innovations has 8 board changes on record in total.
Yes, Payagri Innovations is registered as a medium enterprise under Udyam registration (number: UDYAM-TN-23-0009296).