About Paynext Private Limited
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Paynext Private Limited is a private limited company based in Mumbai, Maharashtra, India, recognised as a startup by DPIIT. It operates in the digital payment solutions segment of the financial services sector. It was incorporated on 24 January 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72200MH2019PTC320131. Its GSTIN is 27AAKCP3279M1ZP (Maharashtra).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹1 Cr. It is led by directors Avinash Narayanrao Shende and Sachin Purushottam Pande.
Its last annual general meeting (AGM) was held on 27 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 2nd Floor 1 A Esspee Tower Datta Pada Road Opp Oberoy Sky City Borivali (E), Mumbai, Maharashtra, India – 400066.
As per the financials filed for FY 2024, the company reported a revenue of ₹16.51 Cr, a growth of 27% compared to the previous year. For the same year it recorded a net profit of ₹1.11 Cr (net margin 6.7%) and EBITDA of ₹5.41 Cr (EBITDA margin 32.8%). Revenue has grown at a compounded annual rate (CAGR) of 18% over three years.
The company has about 19 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹4.7 Cr and satisfied charges of ₹3.5 Cr on record.
For more details, the company can be reached via its website paynext.co.in.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address2nd Floor 1 A Esspee Tower Datta Pada Road Opp Oberoy Sky City Borivali (E), Mumbai, Maharashtra, India – 400066
- IndustryFinancial Services, Digital Payment Solutions
- 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 Paynext Private Limited
The main business activity of Paynext is manufacturing. In detail, this covers computer, electronic, communication and scientific measuring & control equipment.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C9 | Computer, electronic, Communication and scientific measuring & control equipment | 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 Paynext Private Limited FY 2025 filings available
Paynext Private Limited reported revenue of ₹16.51 Cr (up 27% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Paynext Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 18% over three years, including 27% growth in the latest year. EBITDA fell 18% 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 Paynext Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹5.41 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.11 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 of Paynext Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 32.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 6.7% | •••• | •••• | •••• | •••• |
| 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 Paynext are in the company report.
Financial statements from FY 2019
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 Paynext Private Limited
Paynext Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Payment Solution Providers). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Kmpaisa Payments Private Limited | •••• | •••• | •••• | •••• | - | Kharar, Punjab, India |
| Gi Technology Private Limited | •••• | •••• | •••• | •••• | 105 | Chennai, Tamil Nadu, India |
| Ebix Payment Services Private Limited | •••• | •••• | •••• | •••• | 61 | Mumbai, Maharashtra, India |
| DMT Empire India Private Limited | •••• | •••• | •••• | •••• | - | East Delhi, Delhi, India |
| Promon Software Solutions Private Limited | •••• | •••• | •••• | •••• | 50 | Chennai, Tamil Nadu, India |
| Paynext Private Limited this company | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Ncome Tech Solutions Private Limited | •••• | •••• | •••• | •••• | 85 | New Delhi, Delhi, India |
| Instamojo Technologies Private Limited | •••• | •••• | •••• | •••• | 26 | Mumbai, Maharashtra, India |
| QB Health Technologies Private Limited | •••• | •••• | •••• | •••• | 11 | Mumbai, Maharashtra, India |
| KGC Infotech Private Limited | •••• | •••• | •••• | •••• | 43 | New Delhi, Delhi, India |
| Tata Fintech Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Paynext by revenue in the BFSI industry (Payment Solution Providers), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Paynext Private Limited
Paynext Private Limited is audited by R D S & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| R D S & 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 Paynext Private Limited
Paynext has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Avinash Narayanrao Shende | Director | 24 Jan 2019 | 7 Years 8 Months | Current |
| Sachin Purushottam Pande | Director | 24 Jan 2019 | 7 Years 8 Months | Current |
Ownership and Shareholding of Paynext 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 Paynext Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 13 Dec 2023 | Uco Bank | ₹4.7 Cr | Open |
| 22 Sep 2022 | Indian Bank | ₹3.5 Cr | Satisfied |
Total charge records: 2 View all charges
Employees and EPFO Compliance at Paynext Private Limited
Paynext Private Limited has a workforce of 19 employees as of Mar 30, 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 Paynext Private Limited
Paynext Private Limited has 4 board changes on record since 2019: 3 appointments and 1 cessation. The latest: Maulik Bansilal Joshi ceased to be Additional Director on 30 Sep 2022.
Credit Ratings, Litigation & Regulatory Alerts for Paynext 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 Paynext 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 Paynext 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 Paynext Private Limited
Paynext has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAKCP3279M1ZP | Maharashtra | Active | 17 Mar 2019 |
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 Paynext 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 Paynext Private Limited
Paynext 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 24 January 2019 (7+ years old) and is registered under CIN U72200MH2019PTC320131.
Paynext reported revenue of ₹16.51 Cr for FY 2024 (up 27% YoY).
Paynext has 2 current directors:
- Avinash Narayanrao Shende - Director
- Sachin Purushottam Pande - Director
Paynext reported a net profit of ₹1.11 Cr (net margin 6.7%) and EBITDA of ₹5.41 Cr (EBITDA margin 32.8%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Paynext is 18% over three years. In the latest year (FY 2024) revenue rose 27%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Paynext is 27AAKCP3279M1ZP, registered in Maharashtra.
The CIN (Corporate Identification Number) of Paynext is U72200MH2019PTC320131. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Paynext was incorporated on 24 January 2019, making it 7+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Paynext by revenue are Kmpaisa Payments Private Limited, Gi Technology Private Limited, Ebix Payment Services Private Limited, DMT Empire India Private Limited, Promon Software Solutions Private Limited and 5 more, all in the BFSI industry (Payment Solution Providers).
Maulik Bansilal Joshi ceased to be Additional Director on 30 Sep 2022. Maulik Bansilal Joshi was appointed as Director on 04 May 2022. Avinash Narayanrao Shende was appointed as Director on 24 Jan 2019. Paynext has 4 board changes on record in total.
Yes, Paynext is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).