About Payu Payments Private Limited
Data last updated: 23 December 2025
Payu Payments Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Mih India (Mauritius) Limited. It specialises in digital payment solutions, a part of the broader financial services sector. Incorporated on 24 May 2006, the company has been in operation for over 20 years.
Registered with ROC Mumbai under CIN U72400MH2006PTC293037.
Capital: an authorised share capital of ₹5,000 Cr and a paid-up capital of ₹3,404.34 Cr. Formerly known as Ibibo Web Private Limited and Sp Web Private Limited. It is led by directors including Ashutosh Sharma and Renu Sud Karnad.
Last AGM: 27 September 2024. Financial statements filed for year ended 31 March 2024. Office: Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹5,596.51 Cr, a growth of 22% compared to the previous year.
The company has a workforce of approximately 1,214 employees as per the latest available data. It operates as a subsidiary of Mih India (Mauritius) Limited. Its group structure includes 5 subsidiaries.
The company is associated with 5 brands - Smotect, Payunow, Payu, Payubiz, Payu. As per MCA filings, the company has open charges of ₹25 Cr and satisfied charges of ₹76.03 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website payu.in.
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Registered AddressWallace Towers First Floor, Crossing Of Sahar Road Vile Parle East, Mumbai, Maharashtra, India – 400057
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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 Payu Payments Private Limited
Payu Payments Private Limited has undergone 3 name changes throughout its history. The company was previously known as Ibibo Web Private Limited, Sp Web Private Limited, and Mih Web Private Limited. The current legal name is Payu Payments Private Limited, reflecting the company's evolution and rebranding over time.
| Company Name | Status |
|---|---|
| Payu Payments Private Limited | Current |
| Ibibo Web Private Limited | Previous |
| Sp Web Private Limited | Previous |
| Mih Web Private Limited | Previous |
CIN History of Payu Payments Private Limited
Payu Payments Private Limited has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U72400MH2006PTC293037, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72400MH2006PTC293037 | Current |
| U72400DL2006PTC218612 | Previous |
| U72400HR2006PTC036829 | Previous |
Associated Brands with Payu Payments Private Limited
Payu Payments Private Limited operates multiple associated brands including Smotect, PayUnow, and PayU. These brands represent Payu Payments Private Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Provides herbal products for tobacco cessation, organ repair, and stress management. | smotect.com | |
| Provides online payment solutions and merchant tools for business transactions. | payunow.com | |
| Online payment processing and credit solutions are provided for businesses. | payu.com | |
| Payment gateway services for cards and netbanking are facilitated. | payubiz.in | |
| Digital payment solutions are provided for businesses in India. | payu.in |
Competitors & Alternatives of Payu Payments Private Limited
Brands and companies operating in the same space as Payu Payments Private Limited include Stripe, Razorpay, Flutterwave and 7 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
Stripe
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Payment processing and card issuance solutions are provided for businesses. | San Francisco, United States, United States | 2009 |
Razorpay
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Payment and business banking solutions are provided for enterprises. | Bengaluru, India, India | 2014 |
Flutterwave
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Provider of payment processing solutions for businesses | San Francisco, United States, United States | 2016 |
Adyen
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Payment issuance and processing solutions are provided for businesses. | Amsterdam, Netherlands, Netherlands | 2006 |
Square
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POS solutions are provided for retail businesses. | San Francisco, United States, United States | 2009 |
Xendit
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Online payment and money transfer platform for businesses | Jakarta, Indonesia, Indonesia | 2015 |
Mintoak
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Digital payments and engagement solutions are offered for MSMEs. | Mumbai, India, India | 2017 |
PayPal
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Online payment solutions are offered to consumers and businesses. | San Jose, United States, United States | 1998 |
Modern Treasury
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Payment processing and treasury management solutions are offered to businesses. | San Francisco, United States, United States | 2018 |
Wright Express
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Employee benefit administration and payment solutions are provided for enterprises. | Portland, United States, United States | 1983 |
Business Activity of Payu Payments Private Limited
Payu Payments Private Limited is engaged in the principal business activity of information and communication, with detailed activities including computer programming, consultancy and related activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities | Locked |
Business activity turnover details for Payu Payments 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 Payu Payments Private Limited
Payu Payments Private Limited is audited by Deloitte Haskins & Sells LLP for the financial year 2024. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Deloitte Haskins & Sells LLP | Locked | Locked | Locked |
Complete auditor history for Payu Payments 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 and KMP of Payu Payments Private Limited
Payu Payments Private Limited currently reports 9 directors and 2 key managerial personnel. 35 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashutosh Sharma | Director | 13 May 2025 | 1 Years 3 Months | Current |
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Anirban Mukherjee
Also directs:
Payu Payments Private Limited
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Ceo | 14 Apr 2023 | 3 Years 4 Months | Current |
| Renu Sud Karnad | Director | 01 Feb 2024 | 2 Years 6 Months | Current |
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Gunjan Shukla
Also directs:
Payu Payments Private Limited, Mindgate Solutions Private Limited, Complifusion Services Private Limited and 1 more
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Director | 13 Jun 2025 | 1 Years 2 Months | Current |
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Arvind Govind Agarwal
Also directs:
Payu Payments Private Limited, Mindgate Solutions Private Limited
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Cfo | 19 Dec 2022 | 3 Years 7 Months | Current |
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Johannes Bune
Also directs:
Payu Payments Private Limited, Payu Finance India Private Limited
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Director | 01 Feb 2024 | 2 Years 6 Months | Current |
Financials of Payu Payments Private Limited FY 2024 filings available
Payu Payments Private Limited reported revenue of ₹5,596.51 Cr (up 22.00% YoY) for FY 2025.
Ten-year financial statements for Payu Payments Private Limited
Historical statement values and trend charts require an active report plan.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Payu Payments Private Limited
Shareholding and ownership data for Payu Payments 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.
Group Structure of Payu Payments Private Limited
Payu Payments Private Limited has 5 subsidiary companies. This group structure data is as of FY 2024. The corporate group structure reflects Payu Payments Private Limited's business expansion strategy and organizational complexity.
| Company Name | CIN | Shares Held |
|---|---|---|
| Payu Finance India Private Limited | U65910MH1992PTC068664 | Locked |
| Paysense Services India Private Limited | U72100MH2015PTC266824 | Locked |
| Payu Digital Labs Private Limited | U72200KA2000PTC028279 | Locked |
| Payu India Innovations Private Limited | U72900DL2022PTC397624 | Locked |
| Lazypay Private Limited | U74110MH2018FTC317439 | Locked |
Showing major subsidiaries. Total: 5.
Charges & Borrowings of Payu Payments Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 28 May 2021 | Axis Bank Limited | ₹25 Cr | Open |
| 08 Jul 2021 | Hdfc Bank Limited | ₹15 Cr | Satisfied |
| 26 Apr 2021 | Jp Morgan Chase Bank, N.A. | ₹16 Cr | Satisfied |
| 25 Aug 2020 | Others | ₹30 Cr | Satisfied |
| 18 Feb 2019 | Others | ₹15 Cr | Satisfied |
Total charge records: 6 View all charges
Employees and EPFO Compliance at Payu Payments Private Limited
Payu Payments Private Limited has a workforce of 1,214 employees as of Sep 16, 2025.
Employee and EPFO history for Payu Payments 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
Verified entity values are shown only after access is granted.
GST Compliance of Payu Payments Private Limited
GST registrations and filing compliance for Payu Payments 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
Verified entity values are shown only after access is granted.
Credit Ratings, Litigation & Regulatory Alerts for Payu Payments Private Limited
Credit ratings, litigation, and regulatory alerts for Payu Payments 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
Verified entity values are shown only after access is granted.
MSME Payment Delays by Payu Payments Private Limited
MSME payment history for Payu Payments 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
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Payu Payments Private Limited
Corporate group structure for Payu Payments 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
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Payu Payments Private Limited
MCA filings and documents for Payu Payments 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 Payu Payments Private Limited
Recent News on Payu Payments Private Limited
Frequently Asked Questions about Payu Payments Private Limited
Payu Payments Private Limited is an active private limited company in the financial services sector based in Mumbai, Maharashtra, India. It was incorporated on 24 May 2006 (20+ years old) and is registered under CIN U72400MH2006PTC293037. The company has 1,214 employees.
Payu Payments Private Limited reported revenue of ₹5,596.51 Cr for FY 2025 (up 22.00% YoY).
The current directors and KMP of Payu Payments Private Limited are:
- Ashutosh Sharma - Director
- Anirban Mukherjee - Ceo
- Renu Sud Karnad - Director
- Gunjan Shukla - Director
- Arvind Govind Agarwal - Cfo
- Johannes Bune - Director
- Laurent Dominique Le Moal - Director
- Jairaj Manohar Purandare - Director
- Gopika Pant - Director
- Subhash Sheoratan Mundra - Director
- Manoj Kumar Agarwal - Director
The primary industry of Payu Payments Private Limited is financial services. The company specifically operates in digital payment solutions. The company is currently active in this sector.
Payu Payments Private Limited can be reached at the registered office: Wallace Towers First Floor, Crossing Of Sahar Road Vile Parle East, Mumbai, Maharashtra, India – 400057, or through the website payu.in.
The authorised capital is ₹5,000 Cr, and the paid-up capital is ₹3,404.34 Cr.