About Paynx Technologies Private Limited
Data last updated:
Paynx Technologies Private Limited was a private limited company based in Mumbai, Maharashtra, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 02 June 2010.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U72900MH2010PTC203628. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹6 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Vokut Exchange Private Limited and Infraster Solutions Private Limited. It was led by directors including Rasiklal Hathichand Shah and Hirenkumar Rasiklal Shah.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at Mumbai, Maharashtra.
As per the financials filed for FY 2023, the company reported a revenue of ₹4.5 Cr, a growth of 64% compared to the previous year. For the same year it recorded a net profit of ₹40.1 Lakh (net margin 8.9%) and EBITDA of ₹55.55 Lakh (EBITDA margin 12.3%). Revenue has grown at a compounded annual rate (CAGR) of 49% over three years and 12% over five years.
The company had about 49 employees on its provident fund (EPFO) records before it was dissolved.
As per MCA filings, the company had satisfied charges of ₹9.5 Lakh on record. Court records list 2 cases involving the company, including 2 filed by the company.
The last known website on record is vokut.com.
Company details
Name history
Paynx Technologies has undergone 2 name changes throughout its history. The company was previously known as Vokut Exchange Private Limited, and Infraster Solutions Private Limited. The current legal name is Paynx Technologies Private Limited.
| Company Name | Status |
|---|---|
| Paynx Technologies Private Limited | Current |
| Vokut Exchange Private Limited | Previous |
| Infraster Solutions Private Limited | Previous |
Contact details
Paynx Technologies Private Limited's registered office is in Mumbai, Maharashtra. Its website is vokut.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address602 Avior Nirmal Galaxy L.B.S. Marg Opp. Johnson & Johnson Mul, Und (W), Mumbai, Maharashtra, India – 400080
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Paynx Technologies Private Limited, buy the company report.
- 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
Business activity
The main business activity of Paynx Technologies is information and communication. In detail, this covers other information & communication service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Paynx Technologies Private Limited, buy the company report.
Financials of Paynx Technologies Private Limited
FY 2023 filings availablePaynx Technologies Private Limited reported revenue of ₹4.5 Cr (up 64% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 12% over five years, including 64% growth in the latest year. EBITDA rose 13% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹4.5 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹55.55 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹40.1 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
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 12.3% | ||||
| Net Profit Margin | 8.9% | ||||
| 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 Paynx Technologies Private Limited, buy the company report.
Board of directors of Paynx Technologies Private Limited
Paynx Technologies has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rasiklal Hathichand Shah Also directs: Trunkoz Technologies Private Limited, Hashjini Private Limited, Own Web Solution Private Limited and 2 more | Director | 02 Jun 2010 | 16 Years 4 Months | As last reported |
| Hirenkumar Rasiklal Shah Also directs: Trunkoz Technologies Private Limited, Hashjini Private Limited, Own Web Solution Private Limited and 5 more | Director | 02 Jun 2010 | 16 Years 4 Months | As last reported |
| Ashish Rasiklal Shah Also directs: Trunkoz Technologies Private Limited, Hashjini Private Limited, Own Web Solution Private Limited and 3 more | Director | 02 Jun 2010 | 16 Years 4 Months | As last reported |
Auditor
Paynx Technologies Private Limited is audited by ADV & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ADV & Associates | FY 2023 | 128045W |
Shareholding
The shareholding of Paynx Technologies Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Paynx Technologies Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Jun 2019 | 100274850 | Others | ₹9.5 Lakh | Satisfied |
To see the full charge records of Paynx Technologies Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Paynx Technologies Private Limited has 2 court cases on record: 2 filed by Paynx Technologies. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 2 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Mumbai | Court case (C.A.(CAA)) | Filed by the company | Disposed |
| NCLT, Mumbai | Court case (C.P.(CAA)) | Filed by the company | Disposed |
To see the full case history of Paynx Technologies Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
Paynx Technologies Private Limited has 5 MSME Form 1 returns on record between 2019 and 2021, listing 18 overdue payments to 3 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (3 of 3)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Merithut | |||
| an individual supplier | |||
| Mobtray Digital (India) Private Limited |
To see the full MSME payment records of Paynx Technologies Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Paynx Technologies Private Limited has a workforce of 49 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
GST
Paynx Technologies has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Paynx Technologies Private Limited, buy the company report.
Recent activity
Paynx Technologies Private Limited has 4 board changes on record since 2010: 3 appointments and 1 cessation. The latest: Ranjanben Rasiklal Shah ceased to be Director on 30 May 2019.
Frequently asked questions
Paynx Technologies has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Paynx Technologies was a private limited company based in Mumbai, Maharashtra, India. The company worked in IT consulting and support services, within the information technology industry. It was incorporated on 02 June 2010 and is registered under CIN U72900MH2010PTC203628. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Paynx Technologies was incorporated on 02 June 2010. It is registered with the Registrar of Companies, Mumbai.
Paynx Technologies had 3 directors:
- Rasiklal Hathichand Shah - Director
- Hirenkumar Rasiklal Shah - Director
- Ashish Rasiklal Shah - Director
The CIN (Corporate Identification Number) of Paynx Technologies is U72900MH2010PTC203628. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Paynx Technologies is at 602 Avior Nirmal Galaxy L.B.S. Marg Opp. Johnson & Johnson Mul, Und W, Mumbai, Maharashtra, India – 400080.
Paynx Technologies can be reached through the website vokut.com. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Paynx Technologies on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
No. Paynx Technologies has 1 GST registration on record and it is cancelled or inactive.
Paynx Technologies operated in the information technology industry, in the IT consulting and support services segment.
Paynx Technologies has 5 MSME Form 1 returns on record between 2019 and 2021, listing 18 overdue payments to 3 micro and small suppliers. The latest return was filed on 27 Oct 2021.