About Payswiff Solutions Private Limited
Data last updated: 26 July 2025
Payswiff Solutions 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 specialised in digital payment solutions, a part of the broader financial services sector. Incorporated on 03 December 2012.
Registered with ROC Hyderabad under CIN U74120TG2012PTC084551.
Capital: an authorised share capital of ₹5 Cr and a paid-up capital of ₹3.55 Cr. Formerly known as Paynear Solutions Limited and Paynear Solutions Private Limited. It was led by directors including Arulselvan Dharmalingam and Ravindra Kumar Kundu.
Last AGM: 20 September 2022. Financial statements filed for year ended 31 March 2022. Office: Hyderabad, Telangana.
As per the financials filed for FY 2022, the company reported a revenue of ₹284.33 Cr, a growth of 38% compared to the previous year.
The company had a reported workforce of approximately 385 employees prior to being dissolved. It operated as a subsidiary of Payswiff Technologies Private Limited.
The company was associated with 2 brands - The Banknxt, Payswiff. As per MCA filings, the company had satisfied charges of ₹24.23 Cr on record.
The company has been merged (amalgamated) with another entity and no longer exists separately. Business activities, if any, continue under the successor entity. The last known website on record is payswiff.com.
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Registered Address2 – 48/5/6 Vaishnavi'S Cynosure 10Th Floor Opp. Rttc Telecom Nagar Extn Gachibowl, I, Hyderabad, Telangana, India – 500032
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IndustryFinancial Services, Digital Payment Solutions
- 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
Name History of Payswiff Solutions Private Limited
Payswiff Solutions Private Limited has undergone 2 name changes throughout its history. The company was previously known as Paynear Solutions Limited, and Paynear Solutions Private Limited. The current legal name is Payswiff Solutions Private Limited, reflecting the company's evolution and rebranding over time.
| Company Name | Status |
|---|---|
| Payswiff Solutions Private Limited | Current |
| Paynear Solutions Limited | Previous |
| Paynear Solutions Private Limited | Previous |
CIN History of Payswiff Solutions Private Limited
Payswiff Solutions Private Limited has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U74120TG2012PTC084551, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74120TG2012PTC084551 | Current |
| U74120AP2012PTC084551 | Previous |
| U74120AP2012PLC084551 | Previous |
Associated Brands with Payswiff Solutions Private Limited
Payswiff Solutions Private Limited operates two associated brands: The BankNXT and Payswiff. These brands represent Payswiff Solutions Private Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| A digital bank serving startups and SMEs, with no funding raised to date. | thebanknxt.com | |
| Provider of POS and MPOS solutions for businesses to accept card payments | payswiff.com |
Competitors & Alternatives of Payswiff Solutions Private Limited
Brands and companies operating in the same space as Payswiff Solutions Private Limited include Tide, Ezetap, Mosambee and 7 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
Tide
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Tide is recognized as a digital banking platform for businesses. | London, United Kingdom, United Kingdom | 2015 |
Ezetap
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Cloud-based mPOS software and hardware solutions are provided for businesses. | Bengaluru, India, India | 2011 |
Mosambee
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EMV-enabled mPOS solutions are offered for card transaction acceptance. | Mumbai, India, India | 2011 |
Presto
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Drive-through automation solutions for restaurants are provided using AI. | San Carlos, United States, United States | 2008 |
Mswipe
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Point-of-sale machines, soundboxes, and merchant payment solutions are offered. | Mumbai, India, India | 2011 |
Open
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A platform is operated for streamlining business payments and invoicing. | Bengaluru, India, India | 2017 |
ZikZuk
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Neobanking and business intelligence platforms are offered to SMEs. | Hyderabad, India, India | 2011 |
Innoviti
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Integrated online and offline payment solutions are provided for businesses. | Bengaluru, India, India | 2002 |
Oxigen
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POS software is offered for online and offline business transactions. | Gurugram, India, India | 2004 |
Chqbook
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Provider of banking, lending, insurance, and transaction management solutions for small businesses | Gurugram, India, India | 2017 |
Business Activity of Payswiff Solutions Private Limited
Payswiff Solutions Private Limited is engaged in the principal business activity of information and communication, with detailed activities including other information & communication service activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities | Locked |
Business activity turnover details for Payswiff Solutions Private 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 Payswiff Solutions Private Limited
Payswiff Solutions Private Limited is audited by Walker Chandiok & Co LLP for the financial year 2022. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Walker Chandiok & Co LLP | Locked | Locked | Locked |
Complete auditor history for Payswiff Solutions Private Limited
Appointment status, appointment dates, cessation dates, and historical auditor changes require an active report plan.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
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Board of Directors of Payswiff Solutions Private Limited
Payswiff Solutions Private Limited is currently managed by 5 directors, with 14 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 |
|---|---|---|---|---|
| Arulselvan Dharmalingam | Director | 11 Mar 2022 | 4 Years 5 Months | As last reported |
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Ravindra Kumar Kundu
Also directs:
Cholamandalam Securities Limited, Payswiff Technologies Private Limited, Cholamandalam Leasing Limited and 2 more
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Director | 11 Mar 2022 | 4 Years 5 Months | As last reported |
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Prabhuram Radhakrishnan
Also directs:
Payswiff Technologies Private Limited, Hue Pack Llp, Aadhan Media Private Limited and 5 more
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Director | 13 Aug 2015 | 11 Years 0 Months | As last reported |
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Priti Maulik Shah
Also directs:
Aadhan Media Private Limited, Rp Cloud Kitchens Private Limited
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Director | 10 Mar 2014 | 12 Years 5 Months | As last reported |
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Arun Venkatachalam
Also directs:
Payswiff Technologies Private Limited, Bishop Enterprises Llp, Shanthi Gears Limited and 4 more
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Director | 11 Mar 2022 | 4 Years 5 Months | As last reported |
Financials of Payswiff Solutions Private Limited FY 2022 filings available
Payswiff Solutions Private Limited reported revenue of ₹284.33 Cr (up 38.00% YoY) for FY 2022.
Ten-year financial statements for Payswiff Solutions Private Limited
Historical statement values and trend charts require an active report plan.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
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Ownership and Shareholding of Payswiff Solutions Private Limited
Shareholding and ownership data for Payswiff Solutions Private 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 Payswiff Solutions Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 18 Nov 2021 | Others | ₹5 Cr | Satisfied |
| 17 Aug 2021 | Axis Bank Limited | ₹5 Cr | Satisfied |
| 10 Jun 2021 | Others | ₹3 Cr | Satisfied |
| 17 Sep 2020 | Others | ₹75 Lakh | Satisfied |
| 28 Aug 2020 | Others | ₹1.25 Cr | Satisfied |
Total charge records: 6 View all charges
Employees and EPFO Compliance at Payswiff Solutions Private Limited
Payswiff Solutions Private Limited has a workforce of 385 employees as of Apr 08, 2024.
Employee and EPFO history for Payswiff Solutions Private Limited
Monthly headcount, contribution history, establishment records, and filing compliance require an active report plan.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
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GST Compliance of Payswiff Solutions Private Limited
GST registrations and filing compliance for Payswiff Solutions Private 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
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Credit Ratings, Litigation & Regulatory Alerts for Payswiff Solutions Private Limited
Credit ratings, litigation, and regulatory alerts for Payswiff Solutions Private 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
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MSME Payment Delays by Payswiff Solutions Private Limited
MSME payment history for Payswiff Solutions Private 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
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Subsidiaries & Group Companies of Payswiff Solutions Private Limited
Corporate group structure for Payswiff Solutions Private 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
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MCA Filings & Documents of Payswiff Solutions Private Limited
MCA filings and documents for Payswiff Solutions Private 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 Payswiff Solutions Private Limited
Recent News on Payswiff Solutions Private Limited
Frequently Asked Questions about Payswiff Solutions Private Limited
Payswiff Solutions Private Limited 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 Solutions Private Limited is a amalgamated private limited company in the financial services sector based in Hyderabad, Telangana, India. It was incorporated on 03 December 2012 and is registered under CIN U74120TG2012PTC084551. The company was amalgamated as per MCA records and no longer exists as a legal entity.
Payswiff Solutions Private Limited was incorporated on 03 December 2012. Registered with ROC Hyderabad.
The current directors of Payswiff Solutions Private Limited are:
- Arulselvan Dharmalingam - Director
- Ravindra Kumar Kundu - Director
- Prabhuram Radhakrishnan - Director
- Priti Maulik Shah - Director
- Arun Venkatachalam - Director
The CIN (Corporate Identification Number) of Payswiff Solutions Private Limited is U74120TG2012PTC084551. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The primary industry of Payswiff Solutions Private Limited is financial services. The company specifically operates in digital payment solutions.