About Payvance Innovation Private Limited
Data last updated: 13 February 2026
Payvance Innovation Private Limited is a private limited company based in Thane, Maharashtra, India. It specialises in digital payment solutions, a part of the broader financial services sector. Incorporated on 20 February 2014, the company has been in operation for over 12 years.
Registered with ROC Mumbai under CIN U72200MH2014PTC253445.
Capital: an authorised share capital of ₹1 Cr and a paid-up capital of ₹25 Lakh. It is led by directors Shrinivas Patil and Srikanthgouda Patil.
Last AGM: 30 September 2025. Financial statements filed for year ended 31 March 2025. Office: Thane, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹5.19 Cr, reflecting significant growth compared to the previous year.
The company is associated with 1 brand - Sil Technology.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website siltech.co.in.
-
EmailLocked
-
TelephoneLocked
-
Website
-
Social MediaLocked
-
Registered AddressOffice No. 112 1St Floor Centrum Business Square, Road No. 16 Wagale Estate Panchapakhadi, Thane, Maharashtra, India – 400604
-
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
Associated Brands with Payvance Innovation Private Limited
Payvance Innovation Private Limited operates one associated brand: SIL Technology. These brands represent Payvance Innovation Private Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Offers IT hardware, system integration, and technology solutions for businesses. | siltech.co.in |
Competitors & Alternatives of Payvance Innovation Private Limited
Brands and companies operating in the same space as Payvance Innovation Private Limited include Happiest Minds, Mavenir, GirnarSOFT and 6 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
Happiest Minds
|
IT outsourcing services are delivered across multiple business lines. | Bengaluru, India, India | 2011 |
Mavenir
|
Multi-access edge networking computing platform is provided for mobile services. | Richardson, United States, United States | 2005 |
GirnarSOFT
|
Provider of website, web & mobile application development, BI, and digital marketing services | Jaipur, India, India | 2007 |
1&1 IONOS
|
Cloud infrastructure and hosting services are provided by 1&1 IONOS. | Chesterbrook, United States, United States | 1988 |
Datamatics
|
Cloud-based text analytics and cognitive automation services are provided. | Mumbai, India, India | 1975 |
Genpact
|
Provider of end-to-end business process outsourcing services | New York, United States, United States | 1997 |
NTT DATA
|
Application development, cloud, cybersecurity, and business intelligence services are provided. | Koto City, Japan, Japan | 1967 |
Endava
|
Endava is engaged in digital transformation and AI-driven solutions. | London, United Kingdom, United Kingdom | 2000 |
UST
|
High-quality office furniture is provided by UST for various needs. | Taiwan | 1998 |
Business Activity of Payvance Innovation Private Limited
Payvance Innovation Private Limited is engaged in the principal business activity of information and communication, with detailed activities including publishing of computer operating systems, system software, application software, games, etc..
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J2 | Publishing of computer operating systems, system software, application software, games, etc. | Locked |
Business activity turnover details for Payvance Innovation 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 Payvance Innovation Private Limited
Payvance Innovation Private Limited is audited by HEMANT BHOIR for the financial year 2023. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| HEMANT BHOIR | Locked | Locked | Locked |
Complete auditor history for Payvance Innovation 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
Verified entity values are shown only after access is granted.
Board of Directors of Payvance Innovation Private Limited
Payvance Innovation Private Limited is currently managed by 2 directors, with 7 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 |
|---|---|---|---|---|
| Shrinivas Patil | Additional Director | 12 Dec 2025 | 0 Years 8 Months | Current |
| Srikanthgouda Patil | Additional Director | 12 Dec 2025 | 0 Years 8 Months | Current |
Financials of Payvance Innovation Private Limited FY 2025 filings available
Payvance Innovation Private Limited reported revenue of ₹5.19 Cr (up 876.00% YoY) for FY 2025.
Ten-year financial statements for Payvance Innovation 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 Payvance Innovation Private Limited
Shareholding and ownership data for Payvance Innovation 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 Payvance Innovation Private Limited
Payvance Innovation Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Payvance Innovation Private Limited
View historical data on people associated with Payvance Innovation Private Limited, including employment history and EPFO contributions.
Employee and EPFO history for Payvance Innovation 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 Payvance Innovation Private Limited
GST registrations and filing compliance for Payvance Innovation 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 Payvance Innovation Private Limited
Credit ratings, litigation, and regulatory alerts for Payvance Innovation 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 Payvance Innovation Private Limited
MSME payment history for Payvance Innovation 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 Payvance Innovation Private Limited
Corporate group structure for Payvance Innovation 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 Payvance Innovation Private Limited
MCA filings and documents for Payvance Innovation 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 Payvance Innovation Private Limited
Frequently Asked Questions about Payvance Innovation Private Limited
Payvance Innovation Private Limited is an active private limited company in the financial services sector based in Thane, Maharashtra, India. It was incorporated on 20 February 2014 (12+ years old) and is registered under CIN U72200MH2014PTC253445.
Payvance Innovation Private Limited reported revenue of ₹5.19 Cr for FY 2025 (up 876.00% YoY).
The current directors of Payvance Innovation Private Limited are:
- Shrinivas Patil - Additional Director
- Srikanthgouda Patil - Additional Director
The primary industry of Payvance Innovation Private Limited is financial services. The company specifically operates in digital payment solutions. The company is currently active in this sector.
Payvance Innovation Private Limited can be reached at the registered office: Office No. 112 1St Floor Centrum Business Square, Road No. 16 Wagale Estate Panchapakhadi, Thane, Maharashtra, India – 400604, or through the website siltech.co.in.
The authorised capital is ₹1 Cr, and the paid-up capital is ₹25 Lakh.