About Payswiff Technologies Private Limited
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Payswiff Technologies Private Limited is a private limited company based in Hyderabad, Telangana, India. It operates in the digital payment solutions segment of the financial services sector. It was incorporated on 27 August 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U66190TG2013PTC089686. Its GSTIN is 36AAGCR5745L1ZV (Telangana). The company holds 17 GST registrations, all of them active.
The company has an authorised share capital of ₹10.01 Cr and a paid-up capital of ₹3.77 Cr. It was formerly known as Paynear Technologies Pvt Ltd and Paynear Technologies Private Limited. It is led by directors including Arulselvan Dharmalingam and Abhay Deshpande Raosaheb.
Its last annual general meeting (AGM) was held on 29 July 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Hyderabad, Telangana.
As per the financials filed for FY 2025, the company reported a revenue of ₹110.87 Cr, a decline of 18% compared to the previous year. For the same year it recorded a net profit of ₹3.63 Cr (net margin 3.3%) and EBITDA of ₹41.37 Cr (EBITDA margin 37.3%). Revenue has grown at a compounded annual rate (CAGR) of 27% over three years and 11% over five years.
The company has about 204 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Payswiff and Localbells. As per MCA filings, the company has open charges of ₹15.41 Cr and satisfied charges of ₹45 Cr on record. The company has 33 deals on record (18 secondary share transfers, 11 funding rounds, 3 rights issues), with disclosed funding of ₹122.62 Cr; the latest was in March 2023. Its 10 peer companies in the BFSI industry (Payment Solution Providers) are compared by revenue, 5 larger and 5 smaller; the largest is Citrus Payment Solutions Private Limited with revenue of ₹117.9 Cr. The company has 2 MSME Form 1 returns on record for the period ending Sep 2022, listing 4 overdue payments to 1 micro and small supplier.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website payswiff.com.
- EmailLocked
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- Registered Address8 – 2 – 618/2 5th Floor, Reliance Humsafar (Edifice) Road No. 11, Hyderabad, Telangana, India – 500034
- 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
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Business Activity of Payswiff Technologies Private Limited
The main business activity of Payswiff Technologies is information and communication. In detail, this covers 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
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 Payswiff Technologies Private Limited FY 2025 filings available
Payswiff Technologies Private Limited reported revenue of ₹110.87 Cr (down 18% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Payswiff Technologies Private Limited
Revenue fell 18% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 11%. EBITDA rose 31% 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 Payswiff Technologies Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹41.37 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹3.63 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 Payswiff Technologies Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 37.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 3.3% | •••• | •••• | •••• | •••• |
| 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 Payswiff Technologies are in the company report.
Financial statements from 2015
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 Payswiff Technologies Private Limited
Payswiff Technologies Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Payment Solution Providers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Citrus Payment Solutions Private Limited | ₹117.9 Cr (FY 2017) | •••• | •••• | 34.0% | •••• | Mumbai, Maharashtra, India |
| Instant Global Paytech Private Limited | ₹117.89 Cr (FY 2025) | •••• | •••• | 20.0% | •••• | Mumbai, Maharashtra, India |
| RZPX Private Limited | ₹115.58 Cr (FY 2025) | •••• | •••• | 2.0% | •••• | Bangalore, Karnataka, India |
| Paramotor Digital Technology Limited | ₹112.33 Cr (FY 2025) | •••• | •••• | 232.0% | •••• | Mumbai, Maharashtra, India |
| Digital Payments Processing Limited | ₹111.47 Cr (FY 2018) | •••• | •••• | -84.0% | •••• | Mumbai, Maharashtra, India |
| Payswiff Technologies Private Limited this company | ₹110.87 Cr (FY 2025) | •••• | •••• | -18.0% | •••• | Hyderabad, Telangana, India |
| Vizpay Business Solution Private Limited | ₹109.81 Cr (FY 2025) | •••• | •••• | 245.0% | •••• | Mumbai, Maharashtra, India |
| Airbnb Payments India Private Limited | ₹108.91 Cr (FY 2025) | •••• | •••• | 13.0% | •••• | Gurgaon, Haryana, India |
| Phi Commerce Private Limited | ₹107.82 Cr (FY 2025) | •••• | •••• | 27.0% | •••• | Pune, Maharashtra, India |
| Kinesco Power and Utilities Private Limited | ₹102.22 Cr (FY 2025) | •••• | •••• | 17.0% | •••• | Thiruvananthapuram, Kerala, India |
| Fcap Technologies Private Limited | ₹99.78 Cr (FY 2025) | •••• | •••• | 54.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Payswiff Technologies by revenue in the BFSI industry (Payment Solution Providers), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Board of Directors of Payswiff Technologies Private Limited
Payswiff Technologies has 5 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Arulselvan Dharmalingam Also directs: Cholamandalam Securities Limited, Cholamandalam Leasing Limited | Director | 11 Mar 2022 | 4 Years 7 Months | Current |
| Abhay Deshpande Raosaheb Also directs: Apr Reality LLP, Zaggle Prepaid Ocean Services Limited, Rapidue Technologies Private Limited and 4 more | Director | 05 Mar 2017 | 9 Years 7 Months | Current |
| Ravindra Kumar Kundu Also directs: Cholamandalam Securities Limited, Cholamandalam Leasing Limited, Cholamandalam Investment and Finance Company Limited and 1 more | Director | 11 Mar 2022 | 4 Years 7 Months | Current |
| Prabhuram Radhakrishnan Also directs: Hue Pack LLP, Aadhan Media Private Limited, Gosure Digital Interfaces Private Limited and 4 more | Director | 15 Apr 2015 | 11 Years 6 Months | Current |
| Arun Venkatachalam Also directs: Bishop Enterprises LLP, Shanthi Gears Limited, Mavnu Investments Private Limited and 3 more | Director | 11 Mar 2022 | 4 Years 7 Months | Current |
Charges & Borrowings of Payswiff Technologies Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 04 Nov 2022 | Axis Bank Limited | ₹5 Cr | Open |
| 15 Jun 2022 | Axis Bank Limited | ₹20 Lakh | Open |
| 11 Apr 2022 | Hdfc Bank Limited | ₹10 Cr | Open |
| 04 Oct 2017 | Others | ₹20.6 Lakh | Open |
| 07 Oct 2022 | Axis Bank Limited | ₹45 Cr | Satisfied |
Total charge records: 5 View all charges
Deals & Funding of Payswiff Technologies Private Limited
Payswiff Technologies Private Limited has 33 deals on record (18 secondary share transfers, 11 funding rounds, 3 rights issues), with disclosed funding of ₹122.62 Cr; the latest was in March 2023.
Deals on record (5 of 33)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2023 | Secondary share transfer | Undisclosed | Buyer: Cholamandalam Investment and Finance Company Limited Seller: an individual |
| Aug 2022 | Secondary share transfer | Undisclosed | Buyer: Cholamandalam Investment and Finance Company Limited Seller: 4 individuals |
| Mar 2022 | Funding round | ₹40 Cr | Investors: Cholamandalam Investment and Finance Company Limited |
| Mar 2022 | Secondary share transfer | Undisclosed | Buyer: Cholamandalam Investment and Finance Company Limited Seller: 2 individuals |
| Feb 2022 | Acquisition | ₹290.74 Cr | Buyer: Cholamandalam Investment and Finance Company Limited Seller: Sashi Reddi Investment Advisors Private Limited , 3 individuals |
Full deal history
All 33 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
MSME Payment Delays by Payswiff Technologies Private Limited
Payswiff Technologies Private Limited has 2 MSME Form 1 returns on record for the period ending Sep 2022, listing 4 overdue payments to 1 micro and small supplier. 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 (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| United Consultancy Services India Private Limited | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 2 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Associated Brands with Payswiff Technologies Private Limited
Payswiff Technologies operates two associated brands: Payswiff and Localbells. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of POS and MPOS solutions for businesses to accept card payments | payswiff.com | |
| Events and activities booking platform | localbells.com |
Employees and EPFO Compliance at Payswiff Technologies Private Limited
Employment history and EPFO contributions of people linked to Payswiff Technologies.
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.
Name History of Payswiff Technologies Private Limited
Payswiff Technologies has undergone 3 name changes throughout its history. The company was previously known as Paynear Technologies Pvt Ltd, Paynear Technologies Private Limited, and Ramp Applications Private Limited. The current legal name is Payswiff Technologies Private Limited.
| Company Name | Status |
|---|---|
| Payswiff Technologies Private Limited | Current |
| Paynear Technologies Pvt Ltd | Previous |
| Paynear Technologies Private Limited | Previous |
| Ramp Applications Private Limited | Previous |
CIN History of Payswiff Technologies Private Limited
Payswiff Technologies has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U66190TG2013PTC089686, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U66190TG2013PTC089686 | Current |
| U74900AP2013PTC089686 | Previous |
| U74900TG2013PTC089686 | Previous |
Recent Activity on Payswiff Technologies Private Limited
Payswiff Technologies Private Limited has 17 board changes on record since 2015: 5 appointments and 12 cessations. The latest: Arulselvan Dharmalingam ceased to be Additional Director on 15 Mar 2022.
16 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Payswiff Technologies 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.
Subsidiaries & Group Companies of Payswiff Technologies 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 Payswiff Technologies Private Limited
Payswiff Technologies has 17 GST registrations: 17 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AAGCR5745L1ZV | Telangana | Active | 01 Jul 2017 |
| 36AAGCR5745L2ZU | Telangana | Active | 13 Feb 2025 |
| 19AAGCR5745L1ZR | West Bengal | Active | 25 Sep 2024 |
| 37AAGCR5745L1ZT | Andhra Pradesh | Active | 14 Oct 2024 |
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 Payswiff Technologies 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.
Related news about Payswiff Technologies Private Limited
Frequently Asked Questions about Payswiff Technologies Private Limited
Payswiff Technologies is an active private limited company based in Hyderabad, Telangana, India. The company works in digital payment solutions, within the financial services industry. It was incorporated on 27 August 2013 (13+ years old) and is registered under CIN U66190TG2013PTC089686.
Payswiff Technologies reported revenue of ₹110.87 Cr for FY 2025 (down 18% YoY).
Payswiff Technologies has 5 current directors:
- Arulselvan Dharmalingam - Director
- Abhay Deshpande Raosaheb - Director
- Ravindra Kumar Kundu - Director
- Prabhuram Radhakrishnan - Director
- Arun Venkatachalam - Director
Payswiff Technologies reported a net profit of ₹3.63 Cr (net margin 3.3%) and EBITDA of ₹41.37 Cr (EBITDA margin 37.3%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Payswiff Technologies is -27% over three years and 11% over five years. In the latest year (FY 2025) revenue fell 18%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Payswiff Technologies is 36AAGCR5745L1ZV, registered in Telangana. The company has 17 GST registrations in all, of which 17 are active. Other active GSTINs include 36AAGCR5745L2ZU (Telangana), 19AAGCR5745L1ZR (West Bengal), 37AAGCR5745L1ZT (Andhra Pradesh).
The CIN (Corporate Identification Number) of Payswiff Technologies is U66190TG2013PTC089686. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Payswiff Technologies was incorporated on 27 August 2013, making it 13+ years old. It is registered with the Registrar of Companies, Hyderabad.
Payswiff Technologies has 33 deals on record (18 secondary share transfers, 11 funding rounds, 3 rights issues), with disclosed funding of ₹122.62 Cr; the latest was in March 2023.
The peers of Payswiff Technologies by revenue are Citrus Payment Solutions Private Limited, Instant Global Paytech Private Limited, RZPX Private Limited, Paramotor Digital Technology Limited, Digital Payments Processing Limited and 5 more, all in the BFSI industry (Payment Solution Providers).
Arulselvan Dharmalingam ceased to be Additional Director on 15 Mar 2022. Arun Venkatachalam ceased to be Additional Director on 15 Mar 2022. Ravindra Kumar Kundu ceased to be Additional Director on 15 Mar 2022. Payswiff Technologies has 17 board changes on record in total.
Payswiff Technologies has 2 MSME Form 1 returns on record for the period ending Sep 2022, listing 4 overdue payments to 1 micro and small supplier. The latest return was filed on 08 Nov 2022.