About Paymart India Private Limited
Data last updated: 24 February 2026
Paymart India Private Limited is a private limited company based in Chandigarh, Chandigarh, India, recognised as a startup by DPIIT. It specialises in forex services, a part of the broader financial services sector. Incorporated on 14 October 2015, the company has been in operation for over 11 years.
Registered with ROC Chandigarh under CIN U67190CH2015PTC035776.
Capital: an authorised share capital of ₹6.25 Cr and a paid-up capital of ₹4.21 Cr. It is led by directors including Amit Narang and Girish Chandra Pande.
Last AGM: 30 September 2025. Financial statements filed for year ended 31 March 2025. Office: Gf – 29A City Emporium Mall, Plot No – 143 A Industrial Area Phase 1 Chandigarh – 160002, Chandigarh, India – 160002.
As per the financials filed for FY 2025, the company reported a revenue of ₹54.25 Lakh, a decline of 15% compared to the previous year.
The company has a workforce of approximately 25 employees as per the latest available data. Its group structure includes 1 subsidiary.
The company is associated with 1 brand - Paymart. As per MCA filings, the company has satisfied charges of ₹25 Lakh on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mypaymart.com.
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Registered AddressGf – 29A City Emporium Mall, Plot No – 143 A Industrial Area Phase 1 Chandigarh – 160002, Chandigarh, India – 160002
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IndustryFinancial Services, Forex Services, Digital Payment Solutions
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Associated Brands with Paymart India Private Limited
Paymart India Private Limited operates one associated brand: Paymart. These brands represent Paymart India Private Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Payment solutions for merchants are provided via a digital gateway. | mypaymart.com |
Competitors & Alternatives of Paymart India Private Limited
Brands and companies operating in the same space as Paymart India Private Limited include Stripe, Razorpay, PayU and 6 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
Stripe
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Payment processing and card issuance solutions are provided for businesses. | San Francisco, United States, United States | 2009 |
Razorpay
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Payment and business banking solutions are provided for enterprises. | Bengaluru, India, India | 2014 |
PayU
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Online payment processing and credit solutions are provided for businesses. | Amsterdam, Netherlands, Netherlands | 2002 |
Flutterwave
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Provider of payment processing solutions for businesses | San Francisco, United States, United States | 2016 |
Mintoak
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Digital payments and engagement solutions are offered for MSMEs. | Mumbai, India, India | 2017 |
Pine Labs
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Omnichannel payment solutions, loyalty programs, and business tools are provided. | Noida, India, India | 1998 |
HighRadius
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Autonomous finance and payment solutions are provided to businesses. | Houston, United States, United States | 2006 |
ACI Worldwide
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Digital payments are processed and managed via specialized solutions. | Omaha, United States, United States | 1975 |
Airpay
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An integrated omnichannel platform for financial services is provided. | Mumbai, India, India | 2012 |
Business Activity of Paymart India Private Limited
Paymart India Private Limited is engaged in the principal business activity of financial and insurance service, with detailed activities including other financial activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities | Locked |
Business activity turnover details for Paymart India Private Limited
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Paymart India Private Limited
Paymart India Private Limited is audited by BECTOR & ASSOCIATES for the financial year 2022. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| BECTOR & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history for Paymart India Private Limited
Appointment status, appointment dates, cessation dates, and historical auditor changes require an active report plan.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Paymart India Private Limited
Paymart India Private Limited is currently managed by 3 directors, with 6 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Amit Narang | Managing Director | 28 Jun 2017 | 9 Years 0 Months | Current |
| Girish Chandra Pande | Director | 30 Nov 2022 | 3 Years 7 Months | Current |
|
Jyoti Narang
Also directs:
Playmart India Private Limited
|
Director | 23 Nov 2017 | 8 Years 8 Months | Current |
Financials of Paymart India Private Limited FY 2025 filings available
Paymart India Private Limited reported revenue of ₹54.25 Lakh (down 15.00% YoY) for FY 2025.
Ten-year financial statements for Paymart India Private Limited
Historical statement values and trend charts require an active report plan.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Paymart India Private Limited
Shareholding and ownership data for Paymart India Private Limited
Promoter, institutional, public, and beneficial ownership values require an active report plan.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Group Structure of Paymart India Private Limited
Paymart India Private Limited has 1 subsidiary company. This group structure data is as of FY 2022. The corporate group structure reflects Paymart India Private Limited's business expansion strategy and organizational complexity.
| Company Name | CIN | Shares Held |
|---|---|---|
| Azal Consultancy Services Private Limited | U67200CH2016PTC041052 | Locked |
Showing major subsidiaries. Total: 1.
Charges & Borrowings of Paymart India Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 13 Feb 2018 | Idbi Bank Limited | ₹25 Lakh | Satisfied |
Total charge records: 1 View all charges
Employees and EPFO Compliance at Paymart India Private Limited
Paymart India Private Limited has a workforce of 25 employees as of Apr 07, 2024.
Employee and EPFO history for Paymart India Private Limited
Monthly headcount, contribution history, establishment records, and filing compliance require an active report plan.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
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GST Compliance of Paymart India Private Limited
GST registrations and filing compliance for Paymart India Private Limited
State-wise registrations, return filing status, HSN and SAC details, and jurisdiction records require an active report plan.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
Credit Ratings, Litigation & Regulatory Alerts for Paymart India Private Limited
Credit ratings, litigation, and regulatory alerts for Paymart India Private Limited
Agency ratings, court records, regulatory events, and entity-specific compliance alerts require an active report plan.
- 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 Paymart India Private Limited
MSME payment history for Paymart India Private Limited
Amounts outstanding to micro and small suppliers, delay reasons, and MSME-1 filing history require an active report plan.
- 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 Paymart India Private Limited
Corporate group structure for Paymart India Private Limited
Parent, subsidiary, associate, joint venture, and ownership records require an active report plan.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Paymart India Private Limited
MCA filings and documents for Paymart India Private Limited
Official forms, annual returns, financial statements, charge filings, and document dates require an active report plan.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Recent Activity on Paymart India Private Limited
Frequently Asked Questions about Paymart India Private Limited
Paymart India Private Limited is an active private limited company in the financial services sector based in Chandigarh, Chandigarh, India. It was incorporated on 14 October 2015 (11+ years old) and is registered under CIN U67190CH2015PTC035776. The company has 25 employees.
Paymart India Private Limited reported revenue of ₹54.25 Lakh for FY 2025 (down 15.00% YoY).
The current directors of Paymart India Private Limited are:
- Amit Narang - Managing Director
- Girish Chandra Pande - Director
- Jyoti Narang - Director
The primary industry of Paymart India Private Limited is financial services. The company specifically operates in forex services. The company is currently active in this sector.
Yes, Paymart India Private Limited is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Paymart India Private Limited can be reached at the registered office: Gf – 29A City Emporium Mall, Plot No – 143 A Industrial Area Phase 1 Chandigarh – 160002, Chandigarh, India – 160002, or through the website mypaymart.com.