About Phi Commerce Private Limited
Data last updated:
Phi Commerce Private Limited is a private limited company based in Pune City, Maharashtra, India. It operates in the digital payment solutions segment of the financial services sector. It was incorporated on 23 March 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U72900PN2015PTC154453. Its GSTIN is 27AAICP0538M1Z3 (Maharashtra).
The company has an authorised share capital of ₹10.4 Cr and a paid-up capital of ₹2.07 Cr. It is led by directors including Rajesh Hanumantrao Londhe (Whole-Time Director) and Jose Antony Thattil (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Pune City, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹107.82 Cr, a growth of 27% compared to the previous year. For the same year it recorded a net loss of ₹16.17 Cr (net margin -15%) and EBITDA of -₹21.98 Cr (EBITDA margin -20.4%). Revenue has grown at a compounded annual rate (CAGR) of 57% over three years and 118% over five years.
The company has about 140 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: PhiCommerce and PayPhi. As per MCA filings, the company has open charges of ₹2.47 Cr and satisfied charges of ₹87.25 Lakh on record. Court records list 1 case involving the company. The company has 7 deals on record (6 funding rounds, 1 secondary share transfer), with disclosed funding of ₹218.65 Cr; the latest was in April 2025. Its 10 peer companies in the BFSI industry (Payment Solution Providers) are compared by revenue, 5 larger and 5 smaller; the largest is Paramotor Digital Technology Limited with revenue of ₹112.33 Cr. The company has 7 MSME Form 1 returns on record between 2019 and 2024, listing 51 overdue payments to 11 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 payphi.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressOffice No.202 Bldg No – 4, Commerzone Sr No.144/145, Pune City, Maharashtra, India – 411006
- 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
- One PDF report, delivered after checkout
Business Activity of Phi Commerce Private Limited
The main business activity of Phi Commerce is information and communication. In detail, this covers 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
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 Phi Commerce Private Limited FY 2025 filings available
Phi Commerce Private Limited reported revenue of ₹107.82 Cr (up 27% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Phi Commerce Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 118% over five years, including 27% growth in the latest year. EBITDA rose 26% 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 Phi Commerce 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 | -₹21.98 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹16.17 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 Phi Commerce Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -20.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -15% | •••• | •••• | •••• | •••• |
| 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 Phi Commerce 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 Phi Commerce Private Limited
Phi Commerce 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 |
|---|---|---|---|---|---|---|
| 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 | ₹110.87 Cr (FY 2025) | •••• | •••• | -18.0% | •••• | Khairatabad, 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 this company | ₹107.82 Cr (FY 2025) | •••• | •••• | 27.0% | •••• | Pune City, Maharashtra, India |
| Kinesco Power and Utilities Private Limited | ₹102.22 Cr (FY 2025) | •••• | •••• | 17.0% | •••• | Trivandrum, Kerala, India |
| Fcap Technologies Private Limited | ₹99.78 Cr (FY 2025) | •••• | •••• | 54.0% | •••• | Mumbai, Maharashtra, India |
| Pine Tree Capital Markets Private Limited | ₹98.81 Cr (FY 2025) | •••• | •••• | 61.0% | •••• | Mumbai, Maharashtra, India |
| Touras India Private Limited | ₹98.69 Cr (FY 2024) | •••• | •••• | -65.0% | •••• | Gurugram, Haryana, India |
| Arix Services Private Limited | ₹98.67 Cr (FY 2023) | •••• | •••• | 50.0% | •••• | Puri, Orissa, India |
Peers are the five companies nearest above and the five nearest below Phi Commerce 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.
Auditor Details of Phi Commerce Private Limited
Phi Commerce Private Limited is audited by S B S S & CO LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S B S S & CO LLP | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Phi Commerce Private Limited
Phi Commerce has 4 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajesh Hanumantrao Londhe | Whole-Time Director | 23 Mar 2015 | 11 Years 6 Months | Current |
| Jose Antony Thattil | Whole-Time Director | 21 Jun 2018 | 8 Years 3 Months | Current |
| Anil Sohanlal Sharma | Whole-Time Director | 23 Mar 2015 | 11 Years 6 Months | Current |
| Tushar Ashok Shankar | Whole-Time Director | 23 Mar 2015 | 11 Years 6 Months | Current |
Ownership and Shareholding of Phi Commerce Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Phi Commerce Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 12 Aug 2025 | Others | ₹10 Lakh | Open |
| 11 Aug 2025 | Others | ₹10.23 Lakh | Open |
| 21 Feb 2025 | Others | ₹30 Lakh | Open |
| 10 Jan 2025 | Others | ₹22 Lakh | Open |
| 21 Dec 2024 | Others | ₹9.36 Lakh | Open |
Total charge records: 16 View all charges
Deals & Funding of Phi Commerce Private Limited
Phi Commerce Private Limited has 7 deals on record (6 funding rounds, 1 secondary share transfer), with disclosed funding of ₹218.65 Cr; the latest was in April 2025.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2025 | Funding round · Series B | ₹94.09 Cr | Investors: Beenext, DG Incubation |
| Jul 2022 | Funding round | ₹7.98 Cr | Investors: Opus Softtech Solutions Private Limited |
| Apr 2021 | Secondary share transfer | Undisclosed | Buyer: Yatra Angels Scale Up Ventures LLP Seller: an individual |
| Oct 2020 | Funding round | ₹2.33 Cr | Investors: Opus Softtech Solutions Private Limited |
| Dec 2016 | Funding round · Seed | ₹5.6 Cr | Investors: Opus Softtech Solutions Private Limited , 3 individuals |
Full deal history
All 7 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.
Legal Cases of Phi Commerce Private Limited
Phi Commerce Private Limited has 1 court case on record: 1 where it is another party. All case is disposed. Status as checked on 29 Sep 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, kachchh at Bhuj, Gujarat | Criminal miscellaneous application | Company is another party | Disposed |
Full case history
All 1 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME Payment Delays by Phi Commerce Private Limited
Phi Commerce Private Limited has 7 MSME Form 1 returns on record between 2019 and 2024, listing 51 overdue payments to 11 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 (5 of 11)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Regus Pune Office Centres Services Private Limited | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Synergy Marketing | •••• | •••• | •••• |
| Lyra Network Private Limited | •••• | •••• | •••• |
| Signzy Technologies Private Limited | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 7 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 Phi Commerce Private Limited
Phi Commerce operates two associated brands: PhiCommerce and PayPhi. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Omnichannel payment solutions and infrastructure are provided for business needs. | payphi.com | |
| Digital payment solutions and security services are provided by PhiCommerce for B2B and B2C needs. | phicommerce.com |
Employees and EPFO Compliance at Phi Commerce Private Limited
Phi Commerce Private Limited has a workforce of 140 employees as of Apr 05, 2024.
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.
News related to Phi Commerce Private Limited
Recent Activity on Phi Commerce Private Limited
Phi Commerce Private Limited has 8 board changes on record since 2015: 4 appointments and 4 cessations. The latest: Anil Sohanlal Sharma ceased to be Whole-Time Director on 01 Jul 2020.
21 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Phi Commerce 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 Phi Commerce 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 Phi Commerce Private Limited
Phi Commerce has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAICP0538M1Z3 | Maharashtra | Active | 01 Jul 2017 |
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 Phi Commerce 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.
Frequently Asked Questions about Phi Commerce Private Limited
Phi Commerce is an active private limited company based in Pune City, Maharashtra, India. The company works in digital payment solutions, within the financial services industry. It was incorporated on 23 March 2015 (11+ years old) and is registered under CIN U72900PN2015PTC154453.
Phi Commerce reported revenue of ₹107.82 Cr for FY 2025 (up 27% YoY).
Phi Commerce has 4 current directors:
- Rajesh Hanumantrao Londhe - Whole-Time Director
- Jose Antony Thattil - Whole-Time Director
- Anil Sohanlal Sharma - Whole-Time Director
- Tushar Ashok Shankar - Whole-Time Director
Phi Commerce reported a net loss of ₹16.17 Cr (net margin -15%) and EBITDA of -₹21.98 Cr (EBITDA margin -20.4%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Phi Commerce is 57% over three years and 118% over five years. In the latest year (FY 2025) revenue rose 27%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Phi Commerce is 27AAICP0538M1Z3, registered in Maharashtra.
The CIN (Corporate Identification Number) of Phi Commerce is U72900PN2015PTC154453. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Phi Commerce has 1 court case on record.
Phi Commerce was incorporated on 23 March 2015, making it 11+ years old. It is registered with the Registrar of Companies, Pune.
Phi Commerce has 7 deals on record (6 funding rounds, 1 secondary share transfer), with disclosed funding of ₹218.65 Cr; the latest was in April 2025.
The peers of Phi Commerce by revenue are Paramotor Digital Technology Limited, Digital Payments Processing Limited, Payswiff Technologies Private Limited, Vizpay Business Solution Private Limited, Airbnb Payments India Private Limited and 5 more, all in the BFSI industry (Payment Solution Providers).
Anil Sohanlal Sharma ceased to be Whole-Time Director on 01 Jul 2020. Tushar Ashok Shankar ceased to be Whole-Time Director on 01 Jul 2020. Jose Antony Thattil ceased to be Additional Director on 20 Sep 2018. Phi Commerce has 8 board changes on record in total.