About Payfin Solutions Private Limited
Data last updated:
Payfin Solutions Private Limited is a private limited company based in Nagpur, Maharashtra, India, recognised as a startup by DPIIT. It operates in the business process outsourcing sector. It was incorporated on 29 January 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U65999MH2014PTC252621. Its GSTIN is 27AAHCP6277A1ZD (Maharashtra).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Avijit Chandra Mohan Nath and Ravindra Suresh Jawalkar.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Plot No. 61 Ramchandra Niwas Nagomali Layout Reshimbagh Post – Hanuman Nagar, Nagpur, Maharashtra, India – 440009.
As per the financials filed for FY 2025, the company reported a revenue of ₹7.44 Cr, a growth of 10% compared to the previous year. For the same year it recorded a net profit of ₹9.64 Lakh (net margin 1.3%) and EBITDA of ₹13.24 Lakh (EBITDA margin 1.8%). Revenue has grown at a compounded annual rate (CAGR) of 16% over three years and 21% over five years.
The company has about 190 employees on its provident fund (EPFO) records.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website payfinsolutions.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressPlot No. 61 Ramchandra Niwas Nagomali Layout Reshimbagh Post – Hanuman Nagar, Nagpur, Maharashtra, India – 440009
- IndustryBusiness Outsourcing, Business Process Outsourcing
- 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 Payfin Solutions Private Limited
The main business activity of Payfin Solutions is administrative and support service activities. In detail, this covers office administrative, office support and other business support activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| N | Administrative and support service activities | 82 | Office administrative, office support and other business support 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 Payfin Solutions Private Limited FY 2025 filings available
Payfin Solutions Private Limited reported revenue of ₹7.44 Cr (up 10% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Payfin Solutions Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 21% over five years, including 10% growth in the latest year. EBITDA fell 50% 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 Payfin 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 | ₹13.24 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹9.64 Lakh | •••• | •••• | •••• | •••• |
| 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 Payfin Solutions Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 1.3% | •••• | •••• | •••• | •••• |
| 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 Payfin 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 Payfin Solutions Private Limited
Payfin Solutions Private Limited is compared with the companies closest to it by revenue in the Outsourcing industry (Diversified BPO). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| I-Serve Systems Private Limited | ₹7.51 Cr (FY 2025) | •••• | •••• | 6.0% | •••• | Gandhinagar, Gujarat, India |
| Venture Softtech India Private Limited | ₹7.5 Cr (FY 2024) | •••• | •••• | -65.0% | •••• | Bangalore, Karnataka, India |
| Resurgent Enterprise Solutions Private Limited | ₹7.5 Cr (FY 2025) | •••• | •••• | -5.0% | •••• | Chennai, Tamil Nadu, India |
| Romsan IT Services Private Limited | ₹7.48 Cr (FY 2023) | •••• | •••• | 34.0% | •••• | Durg, Chhattisgarh, India |
| Xcelerators Etail Private Limited | ₹7.45 Cr (FY 2025) | •••• | •••• | -11.0% | •••• | Jaipur, Rajasthan, India |
| Payfin Solutions Private Limited this company | ₹7.44 Cr (FY 2025) | •••• | •••• | 10.0% | •••• | Nagpur, Maharashtra, India |
| Workgen Solutions Private Limited | ₹7.44 Cr (FY 2025) | •••• | •••• | -10.0% | •••• | Noida, Uttar Pradesh, India |
| Santa Cruz Telemarketing Services Private Limited | ₹7.42 Cr (FY 2024) | •••• | •••• | 89.0% | •••• | Mumbai, Maharashtra, India |
| Madhda Business Solutions Private Limited | ₹7.4 Cr (FY 2025) | •••• | •••• | 24.0% | •••• | Ahmedabad, Gujarat, India |
| Mendiratta Business Solutions Private Limited | ₹7.4 Cr (FY 2025) | •••• | •••• | -48.0% | •••• | Pune, Maharashtra, India |
| Verve Global Services Private Limited | ₹7.39 Cr (FY 2025) | •••• | •••• | 46.0% | •••• | Pune, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Payfin Solutions by revenue in the Outsourcing industry (Diversified BPO), 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 Payfin Solutions Private Limited
Payfin Solutions Private Limited is audited by AMIT KASAT & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| AMIT KASAT & ASSOCIATES | 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 Payfin Solutions Private Limited
Payfin Solutions has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Avijit Chandra Mohan Nath | Director | 29 Jan 2014 | 12 Years 8 Months | Current |
| Ravindra Suresh Jawalkar Also directs: Vastuwishwas (OPC) Private Limited | Director | 29 Jan 2014 | 12 Years 8 Months | Current |
Ownership and Shareholding of Payfin 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 Payfin Solutions Private Limited
Payfin Solutions Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Payfin Solutions Private Limited
Payfin Solutions Private Limited has a workforce of 190 employees as of Apr 09, 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 Payfin Solutions Private Limited
Payfin Solutions Private Limited has 2 board changes on record since 2014: 2 appointments. The latest: Avijit Chandra Mohan Nath was appointed as Director on 29 Jan 2014.
Credit Ratings, Litigation & Regulatory Alerts for Payfin 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 Payfin 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 Payfin 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 Payfin Solutions Private Limited
Payfin Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAHCP6277A1ZD | Maharashtra | Active | 01 Jul 2017 |
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 Payfin 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 Payfin Solutions Private Limited
Payfin Solutions is an active private limited company based in Nagpur, Maharashtra, India. The company works in business process outsourcing, within the business outsourcing industry. It was incorporated on 29 January 2014 (12+ years old) and is registered under CIN U65999MH2014PTC252621.
Payfin Solutions reported revenue of ₹7.44 Cr for FY 2025 (up 10% YoY).
Payfin Solutions has 2 current directors:
- Avijit Chandra Mohan Nath - Director
- Ravindra Suresh Jawalkar - Director
Payfin Solutions reported a net profit of ₹9.64 Lakh (net margin 1.3%) and EBITDA of ₹13.24 Lakh (EBITDA margin 1.8%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Payfin Solutions is 16% over three years and 21% over five years. In the latest year (FY 2025) revenue rose 10%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Payfin Solutions is 27AAHCP6277A1ZD, registered in Maharashtra.
The CIN (Corporate Identification Number) of Payfin Solutions is U65999MH2014PTC252621. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Payfin Solutions was incorporated on 29 January 2014, making it 12+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Payfin Solutions by revenue are I-Serve Systems Private Limited, Venture Softtech India Private Limited, Resurgent Enterprise Solutions Private Limited, Romsan IT Services Private Limited, Xcelerators Etail Private Limited and 5 more, all in the Outsourcing industry (Diversified BPO).
Avijit Chandra Mohan Nath was appointed as Director on 29 Jan 2014. Ravindra Suresh Jawalkar was appointed as Director on 29 Jan 2014.
Yes, Payfin Solutions is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).