About Paycraft Solutions Private Limited
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Paycraft Solutions Private Limited is a private limited company based in Mumbai, Maharashtra, India, recognised as a startup by DPIIT. It operates in the digital payment solutions segment of the financial services sector. It was incorporated on 12 September 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72200MH2013PTC283149. Its GSTIN is 27AAHCP3542N1Z0 (Maharashtra). The company holds 4 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹1.2 Cr and a paid-up capital of ₹1.03 Cr. It is led by directors including Ambarish Parekh (Managing Director) and Palakunnath Thekkadancheri Suresh.
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 1103 Kailas Business Park, Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹92.36 Cr, a growth of 55% compared to the previous year. For the same year it recorded a net profit of ₹7.95 Cr (net margin 8.6%) and EBITDA of ₹20.11 Cr (EBITDA margin 21.8%). Revenue has grown at a compounded annual rate (CAGR) of 24% over three years and 18% over five years.
The company has about 183 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.
The company is associated with 1 brand: Paycraft. As per MCA filings, the company has open charges of ₹27.97 Cr and satisfied charges of ₹18.8 Cr on record. Court records list 5 cases involving the company, including 1 filed by the company and 3 filed against it. The company has 4 deals on record (2 secondary share transfers, 1 rights issue, 1 funding round), with disclosed funding of ₹10.46 Cr; the latest was in February 2020. Its 10 peer companies in the BFSI industry (Payment Solution Providers) are compared by revenue, 5 larger and 5 smaller; the largest is Arix Services Private Limited.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website paycraftsol.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressOffice. No – B – 1103 Kailas Business Park 11th Floor Veer Savarkar Marg Vikhroli, West, Mumbai, Maharashtra, India – 400079
- IndustryFinancial Services, Digital Payment Solutions
- 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 Paycraft Solutions Private Limited
The main business activity of Paycraft Solutions is information and communication. In detail, this covers other information & communication service activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service 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 Paycraft Solutions Private Limited FY 2024 filings available
Paycraft Solutions Private Limited reported revenue of ₹92.36 Cr (up 55% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Paycraft Solutions Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 18% over five years, including 55% growth in the latest year. EBITDA rose 100% 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 Paycraft Solutions 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 | ₹20.11 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹7.95 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 Paycraft Solutions Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 21.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 8.6% | •••• | •••• | •••• | •••• |
| 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 Paycraft Solutions 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.
Peer Comparison of Paycraft Solutions Private Limited
Paycraft Solutions Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Payment Solution Providers). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Arix Services Private Limited | •••• | •••• | •••• | •••• | - | Puri, Orissa, India |
| Vidcom Business Solution Private Limited | •••• | •••• | •••• | •••• | 328 | New Delhi, Delhi, India |
| India Innovation Incorporation Private Limited | •••• | •••• | •••• | •••• | 90 | Raipur, Chattisgarh, India |
| Scapic Innovations Private Limited | •••• | •••• | •••• | •••• | 156 | Bengaluru, Karnataka, India |
| Quicksun Technologies Private Limited | •••• | •••• | •••• | •••• | 193 | New Delhi, Delhi, India |
| Paycraft Solutions Private Limited this company | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Paisabox Ecommerce Private Limited | •••• | •••• | •••• | •••• | - | Bangalore, Karnataka, India |
| My Recharge Private Limited | •••• | •••• | •••• | •••• | 19 | Jaipur, Rajasthan, India |
| Girmiti Software Private Limited | •••• | •••• | •••• | •••• | 529 | Bangalore, Karnataka, India |
| Cashless Technologies India Private Limited | •••• | •••• | •••• | •••• | 215 | Mumbai, Maharashtra, India |
| Cheq Digital Private Limited | •••• | •••• | •••• | •••• | 101 | Gurgaon, Haryana, India |
Peers are the five companies nearest above and the five nearest below Paycraft Solutions by revenue in the BFSI industry (Payment Solution Providers), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Paycraft Solutions Private Limited
Paycraft Solutions Private Limited is audited by G.S.Punjawat & Co for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| G.S.Punjawat & 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 of Paycraft Solutions Private Limited
Paycraft Solutions has 5 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Palakunnath Thekkadancheri Suresh | Director | 01 Apr 2014 | 12 Years 6 Months | Current |
| Sunil Kaushal | Director | 01 Sep 2022 | 4 Years 1 Months | Current |
| Pankaj Ganguly | Director | 01 Sep 2022 | 4 Years 1 Months | Current |
| Ambarish Parekh Also directs: Iodl Foundation | Managing Director | 01 Jul 2022 | 4 Years 3 Months | Current |
| Ravi Vinod Jain | Director | 12 Sep 2013 | 13 Years 0 Months | Current |
Ownership and Shareholding of Paycraft Solutions 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 Paycraft Solutions Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 27 Feb 2025 | Hdfc Bank Limited | ₹27 Cr | Open |
| 10 Nov 2022 | Others | ₹31.6 Lakh | Open |
| 07 Jun 2022 | Hdfc Bank Limited | ₹45 Lakh | Open |
| 11 Dec 2020 | Hdfc Bank Limited | ₹20 Lakh | Open |
| 13 Oct 2020 | Others | ₹90.4 Lakh | Satisfied |
Total charge records: 9 View all charges
Deals & Funding of Paycraft Solutions Private Limited
Paycraft Solutions Private Limited has 4 deals on record (2 secondary share transfers, 1 rights issue, 1 funding round), with disclosed funding of ₹10.46 Cr; the latest was in February 2020.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2020 | Funding round | ₹10.46 Cr | Investors: Mastercard Asia Pacific Pte Limited |
| Mar 2018 | Rights issue | ₹10,000 | Investors: an individual |
| Aug 2017 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Jun 2017 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
Full deal history
All 4 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 Paycraft Solutions Private Limited
Paycraft Solutions Private Limited has 5 court cases on record: 1 filed by Paycraft Solutions, 3 filed against it, 1 where it is another party. All cases are disposed. Status as checked between 21 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 4 | 2 | 0 |
| District courts | 1 | 1 | 0 |
Cases on record (4 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (CARAP) | Filed against the company by Axis Bank Limited | Disposed |
| District court, SURAT, Gujarat | Commercial matter | Filed against the company by Pramodkumar Birbhan Mittal Part of Ms Tirupati Sales Corporation | Disposed |
| Bombay High Court | Court case (CARBP) | Company is another party | Disposed |
| Bombay High Court | Court case (CARBP) | Filed by the company against Mumbai One Metro Pvt Ltd | Disposed |
Full case history
All 5 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.
Associated Brands with Paycraft Solutions Private Limited
Paycraft Solutions operates one associated brand: Paycraft. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Payment platforms and card solutions are provided for diverse applications. | paycraftsol.com |
Employees and EPFO Compliance at Paycraft Solutions Private Limited
Paycraft Solutions Private Limited has a workforce of 183 employees as of Apr 03, 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.
Group Structure of Paycraft Solutions Private Limited
Paycraft Solutions has 2 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Paycraft Urban Solutions Private Limited | U74900MH2014PTC255118 | Locked |
| Paycraft Mobile Solutions Private Limited | U74999MH2018PTC318621 | Locked |
Showing major subsidiaries. Total: 2.
CIN History of Paycraft Solutions Private Limited
Paycraft Solutions has one previous CIN (Corporate Identification Number): U72200GJ2013PTC076794. The current CIN is U72200MH2013PTC283149, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72200MH2013PTC283149 | Current |
| U72200GJ2013PTC076794 | Previous |
News related to Paycraft Solutions Private Limited
Recent Activity on Paycraft Solutions Private Limited
Paycraft Solutions Private Limited has 11 board changes on record since 2013: 5 appointments and 6 cessations. The latest: Pankaj Ganguly was appointed as Director on 01 Sep 2022.
18 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Paycraft Solutions 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 Paycraft Solutions 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 Paycraft Solutions 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 Paycraft Solutions Private Limited
Paycraft Solutions has 4 GST registrations: 3 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAHCP3542N1Z0 | Maharashtra | Active | 11 Jul 2017 |
| 29AAHCP3542N1ZW | Karnataka | Active | 13 Jan 2020 |
| 24AAHCP3542N2Z5 | Gujarat | Active | 03 Nov 2023 |
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 Paycraft Solutions 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 Paycraft Solutions Private Limited
Paycraft Solutions is an active private limited company based in Mumbai, Maharashtra, India. The company works in digital payment solutions, within the financial services industry. It was incorporated on 12 September 2013 (13+ years old) and is registered under CIN U72200MH2013PTC283149.
Paycraft Solutions reported revenue of ₹92.36 Cr for FY 2025 (up 55% YoY).
Paycraft Solutions has 5 current directors:
- Ambarish Parekh - Managing Director
- Palakunnath Thekkadancheri Suresh - Director
- Sunil Kaushal - Director
- Pankaj Ganguly - Director
- Ravi Vinod Jain - Director
Paycraft Solutions reported a net profit of ₹7.95 Cr (net margin 8.6%) and EBITDA of ₹20.11 Cr (EBITDA margin 21.8%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Paycraft Solutions is 24% over three years and 18% over five years. In the latest year (FY 2025) revenue rose 55%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Paycraft Solutions is 27AAHCP3542N1Z0, registered in Maharashtra. The company has 4 GST registrations in all, of which 3 are active and 1 is cancelled or inactive. Other active GSTINs include 29AAHCP3542N1ZW (Karnataka), 24AAHCP3542N2Z5 (Gujarat).
The CIN (Corporate Identification Number) of Paycraft Solutions is U72200MH2013PTC283149. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Paycraft Solutions has 5 court cases on record: 1 filed by the company and 3 filed against it. Most are in the high courts.
Paycraft Solutions was incorporated on 12 September 2013, making it 13+ years old. It is registered with the Registrar of Companies, Mumbai.
Paycraft Solutions has 4 deals on record (2 secondary share transfers, 1 rights issue, 1 funding round), with disclosed funding of ₹10.46 Cr; the latest was in February 2020.
The peers of Paycraft Solutions by revenue are Arix Services Private Limited, Vidcom Business Solution Private Limited, India Innovation Incorporation Private Limited, Scapic Innovations Private Limited, Quicksun Technologies Private Limited and 5 more, all in the BFSI industry (Payment Solution Providers).