About Paymate India Limited
Data last updated: 09 July 2026
Paymate India Limited is a public limited company based in Mumbai, Maharashtra, India. It specialises in financial services and investment, a part of the broader financial services sector. Incorporated on 12 May 2006, the company has been in operation for over 20 years.
Registered with ROC Mumbai under CIN U62090MH2006PLC205023.
Capital: an authorised share capital of ₹205.66 Cr and a paid-up capital of ₹189.77 Cr. Formerly known as Paymate India Private Limited. It is led by directors including Sandeep Murthy and Ajay Adiseshann.
Last AGM: 31 October 2024. Financial statements filed for year ended 31 March 2024. Office: No.111 1St Floor 'A' Wing Sundervilla S.V.Road Santacruz (West), Mumbai, Maharashtra, India – 400054.
As per the financials filed for FY 2024, the company reported a revenue of ₹1,344.01 Cr, a decline of 1% compared to the previous year.
The company has a workforce of approximately 88 employees as per the latest available data.
The company is associated with 2 brands - Dunomo, Paymate. As per MCA filings, the company has satisfied charges of ₹1.26 Cr 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 paymate.in.
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Registered AddressNo.111 1St Floor 'A' Wing Sundervilla S.V.Road Santacruz (West), Mumbai, Maharashtra, India – 400054
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IndustryFinancial Services, Financial Activities
- 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
CIN History of Paymate India Limited
Paymate India Limited has 3 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U62090MH2006PLC205023, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U62090MH2006PLC205023 | Current |
| U72200TN2006PTC059821 | Previous |
| U72200MH2006PLC205023 | Previous |
| U72200MH2006PTC205023 | Previous |
Associated Brands with Paymate India Limited
Paymate India Limited operates two associated brands: Dunomo and PayMate. These brands represent Paymate India Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Provides effortless B2B payment platforms including accounts payable and receivable. | dunomo.au | |
| B2B payment automation and supply chain finance solutions are provided. | paymate.in |
Competitors & Alternatives of Paymate India Limited
Brands and companies operating in the same space as Paymate India Limited include Stripe, Razorpay, PayU and 7 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
Stripe
|
Payment processing and card issuance solutions are provided for businesses. | San Francisco, United States, United States | 2009 |
Razorpay
|
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 |
Square
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POS solutions are provided for retail businesses. | San Francisco, United States, United States | 2009 |
Xendit
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Online payment and money transfer platform for businesses | Jakarta, Indonesia, Indonesia | 2015 |
Mintoak
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Digital payments and engagement solutions are offered for MSMEs. | Mumbai, India, India | 2017 |
FOMO Pay
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Diversified payment processing solutions are provided to merchants. | Singapore, Singapore, Singapore | 2015 |
Network International
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Network International is recognized as a leading digital payment provider in the Middle East and Africa. | Dubai, United Arab Emirates, United Arab Emirates | 1994 |
ACI Worldwide
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Digital payments are processed and managed via specialized solutions. | Omaha, United States, United States | 1975 |
Business Activity of Paymate India Limited
Paymate India 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 Paymate India 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 Paymate India Limited
Paymate India Limited is audited by MSKA & Associates for the financial year 2023. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| MSKA & Associates | Locked | Locked | Locked |
Complete auditor history for Paymate India 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 Paymate India Limited
Paymate India Limited is currently managed by 3 directors, with 10 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 |
|---|---|---|---|---|
|
Sandeep Murthy
Also directs:
Godrej Industries Limited, House Of Kieraya Limited, Future E-Commerce Infrastructure Limited and 5 more
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Nominee Director | 16 Nov 2006 | 19 Years 9 Months | Current |
| Ajay Adiseshann | Managing Director | 12 May 2006 | 20 Years 3 Months | Current |
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Vishvanathan Subramanian
Also directs:
Bloom Venture 1 Llp, Paymate B2b Private Limited
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Whole-Time Director | 08 Mar 2018 | 8 Years 5 Months | Current |
Financials of Paymate India Limited FY 2024 filings available
Paymate India Limited reported revenue of ₹1,344.01 Cr (down 1.00% YoY) for FY 2024.
Ten-year financial statements for Paymate India 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 Paymate India Limited
Shareholding and ownership data for Paymate India 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.
Charges & Borrowings of Paymate India Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 17 Jun 2021 | Others | ₹25 Lakh | Satisfied |
| 13 Jun 2011 | Corporation Bank | ₹41.07 Lakh | Satisfied |
| 16 Mar 2011 | Indian Overseas Bank | ₹60 Lakh | Satisfied |
Total charge records: 3 View all charges
Employees and EPFO Compliance at Paymate India Limited
Paymate India Limited has a workforce of 88 employees as of Mar 29, 2024.
Employee and EPFO history for Paymate India Limited
Monthly headcount, contribution history, establishment records, and filing compliance require an active report plan.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
GST Compliance of Paymate India Limited
GST registrations and filing compliance for Paymate India 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 Paymate India Limited
Credit ratings, litigation, and regulatory alerts for Paymate India 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 Paymate India Limited
MSME payment history for Paymate India 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 Paymate India Limited
Corporate group structure for Paymate India 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 Paymate India Limited
MCA filings and documents for Paymate India 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 Paymate India Limited
Recent News on Paymate India Limited
Frequently Asked Questions about Paymate India Limited
Paymate India Limited is an active public limited company in the financial services sector based in Mumbai, Maharashtra, India. It was incorporated on 12 May 2006 (20+ years old) and is registered under CIN U62090MH2006PLC205023. The company has 88 employees.
Paymate India Limited reported revenue of ₹1,344.01 Cr for FY 2024 (down 1.00% YoY).
The current directors of Paymate India Limited are:
- Sandeep Murthy - Nominee Director
- Ajay Adiseshann - Managing Director
- Vishvanathan Subramanian - Whole-Time Director
The primary industry of Paymate India Limited is financial services. The company specifically operates in financial activities. The company is currently active in this sector.
Paymate India Limited can be reached at the registered office: No.111 1St Floor A Wing Sundervilla S.V.Road Santacruz West, Mumbai, Maharashtra, India – 400054, or through the website paymate.in.
The authorised capital is ₹205.66 Cr, and the paid-up capital is ₹189.77 Cr.