MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-18-0059495
Paycraft Solutions Private Limited - financial services in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹92.36 Cr
▲ 55% YoY
Net profit · FY 2025
₹7.95 Cr
Net margin 8.6%
EBITDA · FY 2025
₹20.11 Cr
EBITDA margin 21.8%
Authorised capital
₹1.2 Cr
Registered with MCA
Paid-up capital
₹1.03 Cr
Issued & subscribed
Open charges
₹27.97 Cr
Satisfied ₹18.8 Cr
Company age
13 yrs
Est. 2013
Employees · EPFO
183
Provident fund records
About Paycraft Solutions Private Limited
Data last updated:
Paycraft Solutions Private Limited is a private limited company based in Mumbai, Maharashtra, India. 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 6 cases involving the company, including 2 filed by the company and 4 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.
Paycraft Solutions Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-18-0059495). 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.
Company details
CIN U72200MH2013PTC283149
Registration Number 283149
Incorporation Date 12 September 2013
ROC Mumbai
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 Small
Udyam Registration UDYAM-MH-18-0059495
CIN history
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 |
Key People
Ambarish Parekh Managing Director Palakunnath Thekkadancheri Suresh Director Sunil Kaushal Director Recognitions & Rankings of Paycraft Solutions
Contact details
Paycraft Solutions Private Limited's registered office is in Mumbai, Maharashtra. Its website is paycraftsol.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- 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
To see the full contact details of Paycraft Solutions Private Limited, buy the company report.
Comprehensive company report
Paycraft Solutions 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
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 |
Business activity
The main business activity of Paycraft Solutions 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 Paycraft Solutions Private Limited, buy the company report.
Financials of Paycraft Solutions Private Limited
FY 2024 filings availablePaycraft Solutions Private Limited reported revenue of ₹92.36 Cr (up 55% YoY) for FY 2025.
Revenue · FY 2025
₹92.36 Cr ▲ 55%
Net profit · FY 2025
₹7.95 Cr margin 8.6%
EBITDA · FY 2025
₹20.11 Cr margin 21.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 55%
3 years · compounded
▲ 24%
5 years · compounded
▲ 18%
EBITDA CAGR growth
1 year
▲ 100%
3 years · compounded
▲ 50%
5 years · compounded
▲ 29%
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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹20.11 Cr | ||||
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| Net Profit (PAT) | ₹7.95 Cr | ||||
| 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 | 21.8% | ||||
| Net Profit Margin | 8.6% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Paycraft Solutions Private Limited, buy the company report.
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.
Current Directors
| 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 1 Months | Current |
Auditor
Paycraft Solutions Private Limited is audited by G.S.Punjawat & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| G.S.Punjawat & Co | FY 2023 | 035117 |
Shareholding
The shareholding of Paycraft Solutions 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 Paycraft Solutions Private Limited, buy the company report.
Charges & borrowings
Open charges
₹27.97 Cr
Satisfied charges
₹18.8 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Feb 2025 | 101069294 | Hdfc Bank Limited | ₹27 Cr | Open | |
| 10 Nov 2022 | 100663807 | Others | ₹31.6 Lakh | Open | |
| 07 Jun 2022 | 100581064 | Hdfc Bank Limited | ₹45 Lakh | Open | |
| 11 Dec 2020 | 100397472 | Hdfc Bank Limited | ₹20 Lakh | Open | |
| 13 Oct 2020 | 100378825 | Others | ₹90.4 Lakh | Satisfied |
To see the full charge records of Paycraft Solutions Private Limited, buy the company report.
Total charge records: 9 View all charges
Deals & funding
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.
Total deals
4
Secondary share transfers
2
Rights issue
1
Funding round
1
Disclosed funding
₹10.46 Cr
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 |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Paycraft Solutions Private Limited has 6 court cases on record: 2 filed by Paycraft Solutions, 4 filed against it. All cases are disposed.
Total cases
6
Filed by the company
2
Filed against the company
4
Disposed
6
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 4 | 3 | 0 |
| District courts | 1 | 1 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Court case (CARAP) | Filed against the company by Axis Bank Limited Manilal Kher Ambalal and Co | Disposed |
| High Court, MAHARASHTRA | Court case (CARBP) | Filed against the company by Axis Bank Ltd. | Disposed |
| High Court, MAHARASHTRA | Court case (CARBP) | Filed by the company against Axis Bank Limited and 2 others | Disposed |
| NCLT, Mumbai | Insolvency matter | Filed by the company against Mumbai Metro One Private Limited. | Disposed |
| District court, SURAT, Gujarat | Commercial matter | Filed against the company by Pramodkumar Birbhan Mittal Part of Ms Tirupati Sales Corporation | Disposed |
To see the full case history of Paycraft Solutions 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 Paycraft Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
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.
2
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Paycraft Urban Solutions Private Limited | U74900MH2014PTC255118 | |
| Paycraft Mobile Solutions Private Limited | U74999MH2018PTC318621 |
To see the full group structure of Paycraft Solutions Private Limited, buy the company report.
Employees & EPFO
Paycraft Solutions Private Limited has a workforce of 183 employees on its EPFO records as of Apr 03, 2024, across 1 active EPFO establishment.
Employee count
183
Active EPFO establishments
1
Employee growth
2.81%
GST
Paycraft Solutions has 4 GST registrations: 3 active and 1 cancelled or inactive.
Total GSTINs
4
Active
3
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAHCP3542N1Z0 | Maharashtra | Active | 11 Jul 2017 |
| 29AAHCP3542N1ZW | Karnataka | Active | 13 Jan 2020 |
| 24AAHCP3542N2Z5 | Gujarat | Active | 03 Nov 2023 |
To see the full GST registrations and return filing status of Paycraft Solutions Private Limited, buy the company report.
Recent activity
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.
Charges
A charge registered on 13 Oct 2020 via Charge ID 100378825 with Others was fully satisfied on 29 Apr 2025.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 27.00 Cr with Charge ID 101069294 was registered on 27 Feb 2025.
Charges
A charge registered on 01 Nov 2018 via Charge ID 100216727 with Others was fully satisfied on 24 Feb 2025.
AGM
Paycraft Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Paycraft Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Charges
A charge with Others of Rs. 13.50 Cr registered on 01 Nov 2018 with Charge ID 100216727 was modified on 04 Jan 2023.
Charges
A charge with Others amounted to Rs. 0.32 Cr with Charge ID 100663807 was registered on 10 Nov 2022.
Appointed
Pankaj Ganguly was appointed as Director.
Appointed
Sunil Kaushal was appointed as Director.
Ceased
Ambarish Parekh ceased to be Director.
Appointed
Ambarish Parekh was appointed as Managing Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.45 Cr with Charge ID 100581064 was registered on 07 Jun 2022.
18 earlier events are in the company report.
News
Frequently asked questions
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 has 5 current directors:
- Ambarish Parekh - Managing Director
- Palakunnath Thekkadancheri Suresh - Director
- Sunil Kaushal - Director
- Pankaj Ganguly - Director
- Ravi Vinod Jain - Director
The latest financial statements of Paycraft Solutions 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 2015 are in the company report.
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 6 court cases on record: 2 filed by the company and 4 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.
Pankaj Ganguly was appointed as Director on 01 Sep 2022. Sunil Kaushal was appointed as Director on 01 Sep 2022. Ambarish Parekh ceased to be Director on 31 Aug 2022. Paycraft Solutions has 11 board changes on record in total.
Yes, Paycraft Solutions is registered as a small enterprise under Udyam registration (number: UDYAM-MH-18-0059495).