About Payswiff Services Private Limited
Data last updated:
Payswiff Services Private Limited was a private limited company based in Hyderabad, Telangana, India, operated as a subsidiary of Payswiff Technologies Private Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the online payment gateways segment of the financial services sector. It was incorporated on 30 September 2013.
The company was registered with the Registrar of Companies (ROC), Hyderabad, under CIN U74900TG2013PTC090267. Its GSTIN is 36AAHCP4010F1ZT (Telangana).
The company had an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Paynear Services Private Limited. It was led by directors including Arulselvan Dharmalingam and Ravindra Kumar Kundu.
Its last annual general meeting (AGM) was held on 20 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office was at Hyderabad, Telangana.
As per the financials filed for FY 2022, the company reported a revenue of ₹1.18 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹60.96 Lakh (net margin 51.5%) and EBITDA of ₹60.96 Lakh (EBITDA margin 51.5%). Revenue has grown at a compounded annual rate (CAGR) of 139% over three years and 75% over five years.
The company was associated with 1 brand: Payswiff. Court records list 1 case involving the company, including 1 filed against it; 1 case is pending.
The last known website on record is payswiff.com.
Company details
CIN history
Payswiff Services has one previous CIN (Corporate Identification Number): U74900AP2013PTC090267. The current CIN is U74900TG2013PTC090267, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74900TG2013PTC090267 | Current |
| U74900AP2013PTC090267 | Previous |
Contact details
Payswiff Services Private Limited's registered office is in Hyderabad, Telangana. Its website is payswiff.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Apps
- Registered Address2 – 48/5/6 Vaishnavi'S Cynosure 10th Floor Opp. Rttc Telecom Nagar Extn Gachibowl, I, Hyderabad, Telangana, India – 500032
- IndustryFinancial Services, Online Payment Gateways
To see the full contact details of Payswiff Services 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
Payswiff Services operates one associated brand: Payswiff. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of POS and MPOS solutions for businesses to accept card payments | payswiff.com |
Business activity
The main business activity of Payswiff Services 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 Payswiff Services Private Limited, buy the company report.
Financials of Payswiff Services Private Limited
FY 2022 filings availablePayswiff Services Private Limited reported revenue of ₹1.18 Cr (up 408% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 75% over five years, including 408% growth 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹1.18 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹60.96 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹60.96 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
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| Inventories | |||||
| Trade Receivables | |||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 51.5% | ||||
| Net Profit Margin | 51.5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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| Revenue Growth | |||||
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To see the full financial statements and ratios of Payswiff Services Private Limited, buy the company report.
Board of directors of Payswiff Services Private Limited
Payswiff Services has 5 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Arulselvan Dharmalingam | Director | 11 Mar 2022 | 4 Years 7 Months | As last reported |
| Ravindra Kumar Kundu Also directs: Cholamandalam Securities Limited, Payswiff Technologies Private Limited, Cholamandalam Leasing Limited and 2 more | Director | 11 Mar 2022 | 4 Years 7 Months | As last reported |
| Prabhuram Radhakrishnan Also directs: Payswiff Technologies Private Limited, Hue Pack LLP, Aadhan Media Private Limited and 5 more | Director | 28 Jan 2016 | 10 Years 9 Months | As last reported |
| Arun Venkatachalam Also directs: Payswiff Technologies Private Limited, Bishop Enterprises LLP, Shanthi Gears Limited and 4 more | Director | 11 Mar 2022 | 4 Years 7 Months | As last reported |
| Anil Bharadwaj Vedam | Director | 30 Sep 2013 | 13 Years 0 Months | As last reported |
Auditor
Payswiff Services Private Limited is audited by RAMESHWAR RAO & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RAMESHWAR RAO & CO | FY 2021 | 010887S |
Shareholding
The shareholding of Payswiff Services Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Payswiff Services Private Limited, buy the company report.
Legal cases
Payswiff Services Private Limited has 1 court case on record: 1 filed against it. All case is pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, North West, Delhi | Civil suit | Filed against the company by Aimlay Private Limited | Pending |
To see the full case history of Payswiff Services 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
No delayed payments to MSME suppliers are on our record for Payswiff Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Payswiff Services has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AAHCP4010F1ZT | Telangana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Payswiff Services Private Limited, buy the company report.
Recent activity
Payswiff Services Private Limited has 11 board changes on record since 2013: 5 appointments and 6 cessations. The latest: Arulselvan Dharmalingam ceased to be Director on 14 Mar 2022.
2 earlier events are in the company report.
News
Frequently asked questions
Payswiff Services 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.
Payswiff Services was a private limited company based in Hyderabad, Telangana, India. The company worked in online payment gateways, within the financial services industry. It was incorporated on 30 September 2013 and is registered under CIN U74900TG2013PTC090267. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Payswiff Services was incorporated on 30 September 2013. It is registered with the Registrar of Companies, Hyderabad.
Payswiff Services had 5 directors:
- Arulselvan Dharmalingam - Director
- Ravindra Kumar Kundu - Director
- Prabhuram Radhakrishnan - Director
- Arun Venkatachalam - Director
- Anil Bharadwaj Vedam - Director
The CIN (Corporate Identification Number) of Payswiff Services is U74900TG2013PTC090267. 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 Payswiff Services is at 2 – 4856 VaishnaviS Cynosure 10th Floor Opp. Rttc Telecom Nagar Extn Gachibowl, I, Hyderabad, Telangana, India – 500032.
Payswiff Services can be reached through the website payswiff.com. Its registered office is in Hyderabad, Telangana, India.
The latest financial statements of Payswiff Services on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 20 September 2022. Year-wise statements from 2015 are in the company report.
The GSTIN of Payswiff Services is 36AAHCP4010F1ZT, registered in Telangana.
Payswiff Services operated in the financial services industry, in the online payment gateways segment.