About Paypermint Private Limited
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Paypermint Private Limited is a private limited company based in Kolkata, West Bengal, India, a subsidiary of R S Software (India) Ltd.. It operates in the online payment gateways segment of the financial services sector. It was incorporated on 26 August 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U72900WB2016PTC217291. Its GSTIN is 19AAICP7689R1Z0 (West Bengal).
The company has an authorised share capital of ₹12 Cr and a paid-up capital of ₹10.15 Cr. It is led by directors including Rajnit Rai Jain (Whole-Time Director) and Richard Nicholas Launder.
Its last annual general meeting (AGM) was held on 23 July 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at A – 2 Fmc Fortuna 234/3A A.J.C. Bose Road, Kolkata, West Bengal, India – 700020.
As per the financials filed for FY 2023, the company reported a revenue of ₹1.12 Lakh, a decline of 96% compared to the previous year. For the same year it recorded a net loss of ₹2.73 Cr and EBITDA of -₹1.62 Cr. Revenue has declined at a compounded annual rate (CAGR) of 75% over three years and 3% over five years.
The company is associated with 2 brands: Payabbhi and RS Software. The company has 5 deals on record (2 funding rounds, 2 secondary share transfers, 1 rights issue), with disclosed funding of ₹9.4 Cr; the latest was in September 2021.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website payabbhi.com.
Company details
Contact details
Paypermint Private Limited's registered office is in Kolkata, West Bengal. Its website is payabbhi.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressA – 2 Fmc Fortuna 234/3A A.J.C. Bose Road, Kolkata, West Bengal, India – 700020
- IndustryFinancial Services, Online Payment Gateways
To see the full contact details of Paypermint 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
Brands
Paypermint operates two associated brands: Payabbhi and RS Software. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Functions as an online payment gateway for businesses to process transactions securely. | payabbhi.com | |
| BPO services are provided for financial, IT, and other sectors. | rssoftware.com |
Business activity
The main business activity of Paypermint is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Paypermint Private Limited, buy the company report.
Financials of Paypermint Private Limited
FY 2025 filings availablePaypermint Private Limited reported revenue of ₹1.12 Lakh (down 96% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 3% over five years, including a 96% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| Total Revenue | ₹1.12 Lakh | ||||
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| EBITDA | -₹1.62 Cr | ||||
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| Net Profit (PAT) | -₹2.73 Cr | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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To see the full financial statements and ratios of Paypermint Private Limited, buy the company report.
Board of directors and KMP of Paypermint Private Limited
Paypermint Private Limited currently reports 3 directors and 1 key managerial person. 4 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Richard Nicholas Launder Also directs: R S Software (India) Ltd. | Director | 18 Aug 2021 | 5 Years 2 Months | Current |
| Rajnit Rai Jain Also directs: R S Software (India) Ltd. | Whole-Time Director | 26 Aug 2016 | 10 Years 1 Months | Current |
| Rajasekar Ramaraj Also directs: R S Software (India) Ltd., Imerit Technology Services Private Limited, Iitm Incubation Cell and 2 more | Director | 26 Aug 2016 | 10 Years 1 Months | Current |
| Vijendra Kumar Surana Also directs: Kush Push Services LLP, Triple A Design LLP | Cfo | 02 Apr 2021 | 5 Years 6 Months | Current |
Auditor
Paypermint Private Limited is audited by Chaturvedi & Company for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Chaturvedi & Company | FY 2023 | 302137E |
Shareholding
The shareholding of Paypermint 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 Paypermint Private Limited, buy the company report.
Deals & funding
Paypermint Private Limited has 5 deals on record (2 funding rounds, 2 secondary share transfers, 1 rights issue), with disclosed funding of ₹9.4 Cr; the latest was in September 2021.
Deals on record (4 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2021 | Funding round | ₹1.5 Cr | Investors: R S Software (India) Ltd. |
| Mar 2018 | Rights issue | ₹17.6 Cr | Investors: R S Software (India) Ltd. |
| Apr 2017 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Dec 2016 | Funding round | ₹7.9 Cr | Investors: R S Software (India) Ltd. , an individual |
To see the full deal history of Paypermint 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 Paypermint 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 Paypermint Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Paypermint has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AAICP7689R1Z0 | West Bengal | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Paypermint Private Limited, buy the company report.
Recent activity
Paypermint Private Limited has 8 board changes on record since 2016: 4 appointments and 4 cessations. The latest: Richard Nicholas Launder ceased to be Additional Director on 11 Aug 2022.
Frequently asked questions
Paypermint is an active private limited company based in Kolkata, West Bengal, India. The company works in online payment gateways, within the financial services industry. It was incorporated on 26 August 2016 (10+ years old) and is registered under CIN U72900WB2016PTC217291.
Paypermint has 4 current directors and KMP:
- Rajnit Rai Jain - Whole-Time Director
- Richard Nicholas Launder - Director
- Rajasekar Ramaraj - Director
- Vijendra Kumar Surana - Cfo
The latest financial statements of Paypermint on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 23 July 2025. Year-wise statements from FY 2017 are in the company report.
The GSTIN of Paypermint is 19AAICP7689R1Z0, registered in West Bengal.
The CIN (Corporate Identification Number) of Paypermint is U72900WB2016PTC217291. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Paypermint was incorporated on 26 August 2016, making it 10+ years old. It is registered with the Registrar of Companies, Kolkata.
Paypermint has 5 deals on record (2 funding rounds, 2 secondary share transfers, 1 rights issue), with disclosed funding of ₹9.4 Cr; the latest was in September 2021.
Richard Nicholas Launder ceased to be Additional Director on 11 Aug 2022. Richard Nicholas Launder was appointed as Director on 18 Aug 2021. Rajnit Rai Jain ceased to be Director on 02 Apr 2021. Paypermint has 8 board changes on record in total.
Paypermint can be reached through the website payabbhi.com. Its registered office is in Kolkata, West Bengal, India.
The registered office of Paypermint is at A – 2 Fmc Fortuna 2343A A.J.C. Bose Road, Kolkata, West Bengal, India – 700020.