Payu Payments Private Limited

Payu Payments Private Limited - financial services in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN U72400MH2006PTC293037 Incorporated 24 May 2006 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Private Limited Company financial services
Data last updated
Revenue · FY 2025
₹5,596.51 Cr
▲ 22% YoY
Net loss · FY 2025
₹248.06 Cr
Net margin -4.4%
EBITDA · FY 2025
-₹203.23 Cr
EBITDA margin -3.6%
Authorised capital
₹5,000 Cr
Registered with MCA
Paid-up capital
₹3,404.34 Cr
Issued & subscribed
Open charges
₹25 Cr
Satisfied ₹76.03 Cr
Company age
20 yrs
Est. 2006
Employees · EPFO
1,214
Provident fund records

About Payu Payments Private Limited

Data last updated:

Payu Payments Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Mih India (Mauritius) Limited. It operates in the digital payment solutions segment of the financial services sector. It was incorporated on 24 May 2006 and has been in existence for over 20 years.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72400MH2006PTC293037. Its GSTIN is 27AAJCS9091D1Z0 (Maharashtra). The company holds 6 GST registrations, of which 5 are active.

The company has an authorised share capital of ₹5,000 Cr and a paid-up capital of ₹3,404.34 Cr. It was formerly known as Ibibo Web Private Limited and Sp Web Private Limited. It is led by directors including Ashutosh Sharma and Renu Sud Karnad.

Its last annual general meeting (AGM) was held on 27 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 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. For the same year it recorded a net loss of ₹248.06 Cr (net margin -4.4%) and EBITDA of -₹203.23 Cr (EBITDA margin -3.6%). Revenue has grown at a compounded annual rate (CAGR) of 38% over three years and 36% over five years.

The company has about 1,214 employees on its provident fund (EPFO) records. Its group structure includes 5 subsidiaries.

The company is associated with 5 brands: Smotect, PayUnow, PayU, PayUbiz and PayU. As per MCA filings, the company has open charges of ₹25 Cr and satisfied charges of ₹76.03 Cr on record. Court records list 59 cases involving the company, including 21 filed by the company and 38 filed against it; 17 cases are pending. The company has 25 deals on record (11 rights issues, 7 funding rounds, 4 secondary share transfers), with disclosed funding of ₹8,298.19 Cr; the latest was in March 2025. Its 6 peer companies in the BFSI industry (Payment Gateways) are compared by revenue, 1 larger and 5 smaller; the largest is One 97 Communications Limited with revenue of ₹7,624.9 Cr. The company has 4 MSME Form 1 returns on record between 2023 and 2024, listing 4 overdue payments to 2 micro and small suppliers.

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.

Company Details of Payu Payments Private Limited
CIN U72400MH2006PTC293037
Registration Number 293037
Incorporation Date 24 May 2006
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 27 September 2024
Date of Balance Sheet 31 March 2024
Parent Company Mih India (Mauritius) Limited
Compliance Status Active Compliant

Name History of Payu Payments Private Limited

Payu Payments 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.

Company NameStatus
Payu Payments Private LimitedCurrent
Ibibo Web Private LimitedPrevious
Sp Web Private LimitedPrevious
Mih Web Private LimitedPrevious

CIN History of Payu Payments Private Limited

Payu Payments 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.

CINStatus
U72400MH2006PTC293037Current
U72400DL2006PTC218612Previous
U72400HR2006PTC036829Previous
Key People
Anirban Mukherjee Ceo Arvind Govind Agarwal Cfo Ashutosh Sharma Director
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Website
    payu.in
  • Social Media
  • Registered Address
    Wallace Towers First Floor, Crossing Of Sahar Road Vile Parle East, Mumbai, Maharashtra, India – 400057
  • Industry
    Financial Services, Digital Payment Solutions
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Financials, compliance, directors, charges, ownership and filings for Payu Payments Private Limited in one report.

Financials from 2015 Directors & ownership Charges & compliance

Associated Brands with Payu Payments Private Limited

Payu Payments operates multiple associated brands including Smotect, PayUnow, and PayU. Each brand links to its own profile.

BrandDescriptionWebsite
Smotect
Provides herbal products for tobacco cessation, organ repair, and stress management.smotect.com
PayUnow
Provides online payment solutions and merchant tools for business transactions.payunow.com
PayU
Online payment processing and credit solutions are provided for businesses.payu.com
PayUbiz
Payment gateway services for cards and netbanking are facilitated.payubiz.in
PayU
Digital payment solutions are provided for businesses in India.payu.in

Business Activity of Payu Payments Private Limited

The main business activity of Payu Payments is information and communication. In detail, this covers computer programming, consultancy and related activities.

Main Activity Group CodeDescription of Main ActivityBusiness Activity CodeDescription of Business ActivityTurnover Percentage
JInformation and communicationJ6Computer programming, consultancy and related activitiesLocked
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Business activity turnover details

Turnover share and past changes in activity are in the company report.

  • Turnover contribution
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Financials of Payu Payments Private Limited FY 2024 filings available

Payu Payments Private Limited reported revenue of ₹5,596.51 Cr (up 22% YoY) for FY 2025.

Revenue · FY 2025
₹5,596.51 Cr ▲ 22%
Net loss · FY 2025
₹248.06 Cr margin -4.4%
EBITDA · FY 2025
-₹203.23 Cr margin -3.6%

Compounded Annual Growth Rate (CAGR) of Payu Payments Private Limited

Revenue CAGR growth
1 year
▲ 22%
3 years · compounded
▲ 38%
5 years · compounded
▲ 36%
EBITDA CAGR growth
1 year
▲ 11%
3 years · compounded
▼ 36%
5 years · compounded
▼ 24%

Revenue has grown at a compounded annual rate (CAGR) of 36% over five years, including 22% growth in the latest year. EBITDA rose 11% 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 Payu Payments Private Limited

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 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-₹203.23 Cr••••••••••••••••
Profit Before Tax••••••••••••••••••••
Tax Expense••••••••••••••••••••
Net Profit (PAT)-₹248.06 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 Payu Payments Private Limited

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin-3.6%••••••••••••••••
Net Profit Margin-4.4%••••••••••••••••
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 Payu Payments are in the company report.

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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.

Current Directors and KMP
NameDesignationAppointment DateTenureStatus
Ashutosh Sharma
Also directs: 91Fitness LLP, Swiggy Limited, Api Holdings Limited and 1 more
Director13 May 20251 Years 5 MonthsCurrent
Anirban MukherjeeCeo14 Apr 20233 Years 6 MonthsCurrent
Renu Sud Karnad
Also directs: Glaxosmithkline Pharmaceuticals Limited, Eih Limited, HDFC Bank Limited and 5 more
Director01 Feb 20242 Years 8 MonthsCurrent
Gunjan Shukla
Also directs: Mindgate Solutions Private Limited, Complifusion Services Private Limited, Spardha Learnings Private Limited
Director13 Jun 20251 Years 4 MonthsCurrent
Arvind Govind Agarwal
Also directs: Mindgate Solutions Private Limited
Cfo19 Dec 20223 Years 10 MonthsCurrent
Johannes Bune
Also directs: Payu Finance India Private Limited
Director01 Feb 20242 Years 8 MonthsCurrent
Showing 6 of 11 current directors and KMP. View all directors and KMP

Peer Comparison of Payu Payments Private Limited

Payu Payments Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Payment Gateways). Net profit, margin and employee counts of each company are in the company report.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
One 97 Communications Limited Listed₹7,624.9 Cr (FY 2025)••••••••-28.0%••••New Delhi, Delhi, India
Payu Payments Private Limited this company₹5,596.51 Cr (FY 2025)••••••••22.0%••••Mumbai, Maharashtra, India
Razorpay Software Limited₹3,932.11 Cr (FY 2025)••••••••60.0%••••Bangalore, Karnataka, India
Dreamplug Technologies Private Limited₹2,473.39 Cr (FY 2024)••••••••67.0%••••Mumbai, Maharashtra, India
Paytm Payments Services Limited₹1,192.6 Cr (FY 2025)••••••••-48.0%••••Delhi, India
First Data (India) Private Limited₹1,122.15 Cr (FY 2025)••••••••12.0%••••Mumbai, Maharashtra, India
Dreamplug Paytech Solutions Private Limited₹1,072.32 Cr (FY 2024)••••••••115.0%••••Mumbai, Maharashtra, India

Peers are the five companies nearest above and the five nearest below Payu Payments by revenue in the BFSI industry (Payment Gateways), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.

Auditor Details of Payu Payments Private Limited

Payu Payments Private Limited is audited by Deloitte Haskins & Sells LLP for the financial year 2024.

NameStatusAppointment DateCessation Date
Deloitte Haskins & Sells LLPLockedLockedLocked
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Ownership and Shareholding of Payu Payments Private Limited

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Charges & Borrowings of Payu Payments Private Limited

Open charges
₹25 Cr
Satisfied charges
₹76.03 Cr
Breakdown by lending institutions
Axis Bank Limited₹25.00 Cr
Latest charge details
DateLenderAmountStatus
28 May 2021Axis Bank Limited₹25 CrOpen
08 Jul 2021Hdfc Bank Limited₹15 CrSatisfied
26 Apr 2021Jp Morgan Chase Bank, N.A.₹16 CrSatisfied
25 Aug 2020Others₹30 CrSatisfied
18 Feb 2019Others₹15 CrSatisfied

Total charge records: 6 View all charges

Deals & Funding of Payu Payments Private Limited

Payu Payments Private Limited has 25 deals on record (11 rights issues, 7 funding rounds, 4 secondary share transfers), with disclosed funding of ₹8,298.19 Cr; the latest was in March 2025.

Total deals
25
Rights issues
11
Funding rounds
7
Secondary share transfers
4
Acquisitions
2
Disclosed funding
₹8,298.19 Cr

Deals on record (5 of 25)

WhenDealAmountParties
Mar 2025Rights issue₹1,757.1 CrInvestors: Prosus (Naspers)
Feb 2025Rights issue₹433 CrInvestors: Prosus (Naspers)
Jun 2024Rights issue₹577.7 CrInvestors: Prosus (Naspers)
Mar 2024Rights issue₹140.94 CrInvestors: Prosus (Naspers)
Feb 2024Funding round₹1,124.99 CrInvestors: Prosus (Naspers)
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Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME Payment Delays by Payu Payments Private Limited

Payu Payments Private Limited has 4 MSME Form 1 returns on record between 2023 and 2024, listing 4 overdue payments to 2 micro and small suppliers. 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 (2 of 2)

SupplierAmount dueDue sinceReported on
an individual supplier••••••••••••
Argali Knowledge Services Private Limited••••••••••••
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Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.

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 count
1,214
Active EPFO establishments
1
Employee growth
1.34%
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Group Structure of Payu Payments Private Limited

Payu Payments has 5 subsidiary companies. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.

5
Subsidiary companies
Key Subsidiaries
Company NameCINShares Held
Payu Finance India Private LimitedU65910MH1992PTC068664Locked
Paysense Services India Private LimitedU72100MH2015PTC266824Locked
Payu Digital Labs Private LimitedU72200KA2000PTC028279Locked
Payu India Innovations Private LimitedU72900DL2022PTC397624Locked
Lazypay Private LimitedU74110MH2018FTC317439Locked

Showing major subsidiaries. Total: 5.

Recent Activity on Payu Payments Private Limited

Payu Payments Private Limited has 43 board changes on record since 2007: 12 appointments and 31 cessations. The latest: Ashutosh Sharma ceased to be Additional Director on 24 Sep 2025.

Ceased
Ashutosh Sharma ceased to be Additional Director.
Ceased
Gunjan Shukla ceased to be Additional Director.
Ceased
Manoj Kumar Agarwal ceased to be Additional Director.
Ceased
Subhash Sheoratan Mundra ceased to be Additional Director.
Appointed
Gunjan Shukla was appointed as Director.
Appointed
Ashutosh Sharma was appointed as Director.
Appointed
Manoj Kumar Agarwal was appointed as Director.
Appointed
Subhash Sheoratan Mundra was appointed as Director.
Charges
A charge registered on 26 Apr 2021 via Charge ID 100451488 with Jp Morgan Chase Bank, N.A. was fully satisfied on 02 Apr 2025.
Charges
A charge registered on 08 Jul 2021 via Charge ID 100462175 with Hdfc Bank Limited was fully satisfied on 27 Dec 2024.
Charges
A charge registered on 25 Aug 2020 via Charge ID 100369244 with Others was fully satisfied on 10 Dec 2024.
AGM
Payu Payments Private Limited last Annual general meeting of members was held on 27 Sep 2024 as per latest MCA records.

47 earlier events are listed in the company report.

Credit Ratings, Litigation & Regulatory Alerts for Payu Payments Private Limited

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Subsidiaries & Group Companies of Payu Payments Private Limited

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GST Compliance of Payu Payments Private Limited

Payu Payments has 6 GST registrations: 5 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.

Total GSTINs
6
Active
5
Cancelled / inactive
1
GSTINStateStatusRegistered on
27AAJCS9091D1Z0MaharashtraActive01 Jul 2017
06AAJCS9091D1Z4HaryanaActive01 Jul 2017
29AAJCS9091D1ZWKarnatakaActive01 Jul 2017
09AAJCS9091D1ZYUttar PradeshActive17 Jan 2023
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MCA Filings & Documents of Payu Payments Private Limited

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Related news about Payu Payments Private Limited

Frequently Asked Questions about Payu Payments Private Limited

Payu Payments is an active private limited company based in Mumbai, Maharashtra, India. The company works in digital payment solutions, within the financial services industry. It was incorporated on 24 May 2006 (20+ years old) and is registered under CIN U72400MH2006PTC293037.

Payu Payments reported revenue of ₹5,596.51 Cr for FY 2025 (up 22% YoY).

Payu Payments has 11 current directors and KMP:

Payu Payments reported a net loss of ₹248.06 Cr (net margin -4.4%) and EBITDA of -₹203.23 Cr (EBITDA margin -3.6%) for FY 2025, as per its filed financial statements.

The compounded annual growth rate (CAGR) of the revenue of Payu Payments is 38% over three years and 36% over five years. In the latest year (FY 2025) revenue rose 22%. CAGR is the steady yearly rate that links the first and the last year.

The GSTIN of Payu Payments is 27AAJCS9091D1Z0, registered in Maharashtra. The company has 6 GST registrations in all, of which 5 are active and 1 is cancelled or inactive. Other active GSTINs include 06AAJCS9091D1Z4 (Haryana), 29AAJCS9091D1ZW (Karnataka), 09AAJCS9091D1ZY (Uttar Pradesh).

The CIN (Corporate Identification Number) of Payu Payments is U72400MH2006PTC293037. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Payu Payments has 59 court cases on record: 21 filed by the company and 38 filed against it. 17 are pending. Most are in the high courts.

Payu Payments was incorporated on 24 May 2006, making it 20+ years old. It is registered with the Registrar of Companies, Mumbai.

Payu Payments has 25 deals on record (11 rights issues, 7 funding rounds, 4 secondary share transfers), with disclosed funding of ₹8,298.19 Cr; the latest was in March 2025.

The peers of Payu Payments by revenue are One 97 Communications Limited, Razorpay Software Limited, Dreamplug Technologies Private Limited, Paytm Payments Services Limited, First Data (India) Private Limited and 1 more, all in the BFSI industry (Payment Gateways).

Ashutosh Sharma ceased to be Additional Director on 24 Sep 2025. Gunjan Shukla ceased to be Additional Director on 24 Sep 2025. Manoj Kumar Agarwal ceased to be Additional Director on 24 Sep 2025. Payu Payments has 43 board changes on record in total.

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