MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2023-24)
- Udyam number
- UDYAM-CH-01-0011136
Paymart India Private Limited - financial services in Chandigarh, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹54.25 Lakh
▼ 15% YoY
Net loss · FY 2025
₹3.2 Cr
Latest filing
EBITDA · FY 2025
-₹3.19 Cr
Latest filing
Authorised capital
₹6.25 Cr
Registered with MCA
Paid-up capital
₹4.21 Cr
Issued & subscribed
Satisfied charges
₹25 Lakh
No open charges
Company age
11 yrs
Est. 2015
Employees · EPFO
25
Provident fund records
About Paymart India Private Limited
Data last updated:
Paymart India Private Limited is a private limited company based in Chandigarh, India. It operates in the forex services segment of the financial services sector. It was incorporated on 14 October 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U67190CH2015PTC035776. Its GSTIN is 04AAICP3362M1Z7 (Chandigarh). The company holds 3 GST registrations, of which 2 are active.
The company has 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 (Managing Director) and Girish Chandra Pande.
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 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. For the same year it recorded a net loss of ₹3.2 Cr and EBITDA of -₹3.19 Cr. Revenue has declined at a compounded annual rate (CAGR) of 122% over three years and 9% over five years.
The company has about 25 employees on its provident fund (EPFO) records. 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 company has 21 deals on record (11 secondary share transfers, 7 rights issues, 3 funding rounds), with disclosed funding of ₹2.91 Cr; the latest was in November 2022. Its 3 peer companies in the BFSI industry (Money Exchange Services, Payment Solution Providers), with the same principal business activity (other financial activities) are compared by revenue, 1 larger and 2 smaller; the largest is Asma Money Changers Private Limited with revenue of ₹54.83 Lakh.
Paymart India Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-CH-01-0011136). 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.
Company details
CIN U67190CH2015PTC035776
Registration Number 035776
Incorporation Date 14 October 2015
ROC Chandigarh
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-CH-01-0011136
Recognitions & Rankings of Paymart India
Contact details
Paymart India Private Limited's registered office is in Chandigarh, Chandigarh. Its website is mypaymart.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered AddressGF – 29A City Emporium Mall, Plot No – 143 A Industrial Area Phase 1 Chandigarh – 160002, Chandigarh, India – 160002
- IndustryFinancial Services, Forex Services, Digital Payment Solutions
To see the full contact details of Paymart India Private Limited, buy the company report.
Comprehensive company report
Paymart India 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Paymart India operates one associated brand: Paymart. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Payment solutions for merchants are provided via a digital gateway. | mypaymart.com |
Business activity
The main business activity of Paymart India is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Paymart India Private Limited, buy the company report.
Financials of Paymart India Private Limited
FY 2025 filings availablePaymart India Private Limited reported revenue of ₹54.25 Lakh (down 15% YoY) for FY 2025.
Revenue · FY 2025
₹54.25 Lakh ▼ 15%
Net loss · FY 2025
₹3.2 Cr
EBITDA · FY 2025
-₹3.19 Cr
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 15%
3 years · compounded
▲ 122%
5 years · compounded
▼ 9%
EBITDA CAGR growth
3 years · compounded
▼ 7%
5 years · compounded
▼ 24%
Revenue has declined at a compounded annual rate (CAGR) of 9% over five years, including a 15% fall 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 |
|---|---|---|---|---|---|
| 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 | -₹3.19 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹3.2 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | |||||
| Net Profit Margin | |||||
| 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 | |||||
To see the full financial statements and ratios of Paymart India Private Limited, buy the company report.
Board of directors of Paymart India Private Limited
Paymart India has 3 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 |
|---|---|---|---|---|
| Amit Narang | Managing Director | 28 Jun 2017 | 9 Years 4 Months | Current |
| Girish Chandra Pande | Director | 30 Nov 2022 | 3 Years 10 Months | Current |
| Jyoti Narang Also directs: Playmart India Private Limited | Director | 23 Nov 2017 | 8 Years 11 Months | Current |
Peer comparison
Paymart India Private Limited is compared with the 3 companies closest to it by revenue in the BFSI industry (Money Exchange Services, Payment Solution Providers), with the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Asma Money Changers Private Limited | ₹54.83 Lakh (FY 2025) | -93.0% | Tiruchirappalli, Tamil Nadu, India | |||
| Paymart India Private Limitedthis company | ₹54.25 Lakh (FY 2025) | -₹3.2 Cr | -15.0% | 25 | Chandigarh, India | |
| Beni Fame Forex Private Limited | ₹53.2 Lakh (FY 2025) | -68.0% | Kurukshetra, Haryana, India | |||
| Manohar Lal Forex Company Private Limited | ₹52.67 Lakh (FY 2019) | -59.0% | New Delhi, Delhi, India |
To see the full peer comparison of Paymart India Private Limited, buy the company report.
Auditor
Paymart India Private Limited is audited by BECTOR & ASSOCIATES for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BECTOR & ASSOCIATES | FY 2022 | 501661 |
Shareholding
The shareholding of Paymart India Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Paymart India Private Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹25 Lakh
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 Feb 2018 | 100158079 | Idbi Bank Limited | ₹25 Lakh | Satisfied |
To see the full charge records of Paymart India Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Paymart India Private Limited has 21 deals on record (11 secondary share transfers, 7 rights issues, 3 funding rounds), with disclosed funding of ₹2.91 Cr; the latest was in November 2022.
Total deals
21
Secondary share transfers
11
Rights issues
7
Funding rounds
3
Disclosed funding
₹2.91 Cr
Deals on record (5 of 21)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2022 | Rights issue | ₹29.3 Lakh | Investors: R.S. Rekhi (HUF), 2 individuals |
| Dec 2021 | Rights issue | ₹2.56 Cr | Investors: One Mind Venture LLP, High Tide Venture Partners LLP , 2 individuals |
| Aug 2021 | Secondary share transfer | Undisclosed | Buyer: Pago Services Private Limited , 2 individuals Seller: an individual |
| Feb 2021 | Rights issue | ₹2.66 Cr | Investors: Syndrome Technologies Private Limited , 3 individuals Seller: 4 individuals |
| Jul 2020 | Rights issue | ₹3.33 Cr | Investors: Pago Services Private Limited , 3 individuals Seller: 4 individuals |
To see the full deal history of Paymart India 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
No court or tribunal cases involving Paymart India Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Paymart India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Paymart India has 1 subsidiary company. This group structure data is as of FY 2022. The table lists each entity with its relationship and holding.
1
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Azal Consultancy Services Private Limited | U67200CH2016PTC041052 |
To see the full group structure of Paymart India Private Limited, buy the company report.
Employees & EPFO
Paymart India Private Limited has a workforce of 25 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
Employee count
25
Active EPFO establishments
1
Employee growth
108.33%
GST
Paymart India has 3 GST registrations: 2 active and 1 cancelled or inactive.
Total GSTINs
3
Active
2
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 04AAICP3362M1Z7 | Chandigarh | Active | 01 Jul 2017 |
| 03AAICP3362M1Z9 | Punjab | Active | 01 Sep 2017 |
To see the full GST registrations and return filing status of Paymart India Private Limited, buy the company report.
Recent activity
Paymart India Private Limited has 9 board changes on record since 2017: 3 appointments and 6 cessations. The latest: Girish Chandra Pande was appointed as Director on 30 Nov 2022.
AGM
Paymart India Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Paymart India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Chandigarh.
Appointed
Girish Chandra Pande was appointed as Director.
Charges
A charge registered on 13 Feb 2018 via Charge ID 100158079 with Idbi Bank Limited was fully satisfied on 04 Aug 2022.
Ceased
Surinder Singh Bedi ceased to be Whole-Time Director.
Ceased
Jyoti Narang ceased to be Additional Director.
Charges
A charge with Idbi Bank Limited amounted to Rs. 0.25 Cr with Charge ID 100158079 was registered on 13 Feb 2018.
Ceased
Girish Chandra Pande ceased to be Additional Director.
Appointed
Jyoti Narang was appointed as Director.
Ceased
Nidhi Mishra ceased to be Director.
Ceased
Amit Narang ceased to be Director.
Appointed
Amit Narang was appointed as Managing Director.
2 earlier events are in the company report.
Frequently asked questions
Paymart India is an active private limited company based in Chandigarh, India. The company works in forex services, within the financial services industry. It was incorporated on 14 October 2015 (11+ years old) and is registered under CIN U67190CH2015PTC035776.
Paymart India has 3 current directors:
- Amit Narang - Managing Director
- Girish Chandra Pande - Director
- Jyoti Narang - Director
The latest financial statements of Paymart India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2016 are in the company report.
The GSTIN of Paymart India is 04AAICP3362M1Z7, registered in Chandigarh. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 03AAICP3362M1Z9 (Punjab).
The CIN (Corporate Identification Number) of Paymart India is U67190CH2015PTC035776. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Paymart India was incorporated on 14 October 2015, making it 11+ years old. It is registered with the Registrar of Companies, Chandigarh.
Paymart India has 21 deals on record (11 secondary share transfers, 7 rights issues, 3 funding rounds), with disclosed funding of ₹2.91 Cr; the latest was in November 2022.
The peers of Paymart India by revenue are Asma Money Changers Private Limited, Beni Fame Forex Private Limited, Manohar Lal Forex Company Private Limited, all in the BFSI industry (Money Exchange Services, Payment Solution Providers), with the same principal business activity (other financial activities).
Girish Chandra Pande was appointed as Director on 30 Nov 2022. Surinder Singh Bedi ceased to be Whole-Time Director on 04 May 2020. Jyoti Narang ceased to be Additional Director on 30 Sep 2018. Paymart India has 9 board changes on record in total.
Yes, Paymart India is registered as a micro enterprise under Udyam registration (number: UDYAM-CH-01-0011136).
Paymart India can be reached through the website mypaymart.com. Its registered office is in Chandigarh, India.