About Phonepe Lending Services Private Limited
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Phonepe Lending Services Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Phonepe Private Limited. It operates in the online service marketplaces segment of the internet and digital services sector. It was incorporated on 20 October 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U63119KA2016PTC174869. Its GSTIN is 29AAECE4207C1Z1 (Karnataka). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1.18 Lakh. It is led by directors including Hemant Manilal Gala (Whole-Time Director) and Kaushal Kumar Nahata (Whole-Time Director).
Its last annual general meeting (AGM) was held on 19 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹382.48 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹162.09 Cr (net margin -42.4%) and EBITDA of ₹43.59 Cr (EBITDA margin 11.4%). Revenue has grown at a compounded annual rate (CAGR) of 119% over three years and 139% over five years.
The company has about 107 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹50.55 Cr on record. Court records list 2 cases involving the company, including 2 filed by the company; 2 cases are pending. The company has 10 deals on record (5 secondary share transfers, 4 funding rounds, 1 rights issue), with disclosed funding of ₹8.96 Cr; the latest was in November 2022. The company has 7 MSME Form 1 returns on record between 2022 and 2024, listing 92 overdue payments to 24 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 phonepe.com.
Company details
CIN history
Phonepe Lending Services has one previous CIN (Corporate Identification Number): U74999PN2016PTC166866. The current CIN is U63119KA2016PTC174869, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U63119KA2016PTC174869 | Current |
| U74999PN2016PTC166866 | Previous |
Contact details
Phonepe Lending Services Private Limited's registered office is in Bangalore, Karnataka. Its website is phonepe.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressOffice – 2 Floor 4 5 6 7 Wing A Block A Salarpuria Softzone, Service Road Green Glen Layout Bellandur, Bangalore, Karnataka, India – 560103
- IndustryInternet, Online Service Marketplaces
To see the full contact details of Phonepe Lending Services Private Limited, buy the company report.
- 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
Business activity
The main business activity of Phonepe Lending Services is information and communication. In detail, this covers data processing, hosting and related activities; web portal.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J7 | Data processing, hosting and related activities; web portal |
To see the full business activity and turnover split of Phonepe Lending Services Private Limited, buy the company report.
Financials of Phonepe Lending Services Private Limited
FY 2025 filings availablePhonepe Lending Services Private Limited reported revenue of ₹382.48 Cr (up 461% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 139% over five years, including 461% growth in the latest year. EBITDA rose 151% 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹43.59 Cr | ||||
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| Net Profit (PAT) | -₹162.09 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 11.4% | ||||
| Net Profit Margin | -42.4% | ||||
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To see the full financial statements and ratios of Phonepe Lending Services Private Limited, buy the company report.
Board of directors of Phonepe Lending Services Private Limited
Phonepe Lending Services has 3 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Meenakshi Sharma | Director | 17 Apr 2025 | 1 Years 6 Months | Current |
| Hemant Manilal Gala Also directs: Phonepe Finance Private Limited | Whole-Time Director | 07 Nov 2023 | 2 Years 11 Months | Current |
| Kaushal Kumar Nahata | Whole-Time Director | 07 Nov 2023 | 2 Years 11 Months | Current |
Auditor
Phonepe Lending Services Private Limited is audited by S. R. Batliboi & Associates LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S. R. Batliboi & Associates LLP | FY 2023 | 101049W/E300004 |
Shareholding
The shareholding of Phonepe Lending Services Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Phonepe Lending Services Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Nov 2025 | 101191752 | Others | ₹3.55 Cr | Open | |
| 12 Nov 2025 | 101191748 | Others | ₹6.06 Cr | Open | |
| 12 Nov 2025 | 101195270 | Others | ₹1.54 Cr | Open | |
| 14 Oct 2025 | 101174731 | Others | ₹4.14 Cr | Open | |
| 14 Oct 2025 | 101174743 | Others | ₹6.27 Cr | Open |
Total charge records: 13 View all charges
Deals & funding
Phonepe Lending Services Private Limited has 10 deals on record (5 secondary share transfers, 4 funding rounds, 1 rights issue), with disclosed funding of ₹8.96 Cr; the latest was in November 2022.
Deals on record (5 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2022 | Rights issue | ₹16.45 Cr | Investors: Phonepe Limited |
| Sep 2022 | Secondary share transfer | Undisclosed | Buyer: Phonepe Limited Seller: Jerry Chase Resources Company Limited |
| May 2022 | Secondary share transfer | Undisclosed | Buyer: Phonepe Limited Seller: Jerry Chase Resources Company Limited |
| Mar 2022 | Secondary share transfer | Undisclosed | Buyer: Phonepe Limited , Phonepe Limited & Parag Mathur Seller: Incubate Fund India, M&S Partners, 2 individuals |
| Nov 2021 | Secondary share transfer | Undisclosed | Seller: Explorium Esop Trust |
To see the full deal history of Phonepe Lending Services Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Phonepe Lending Services Private Limited has 2 court cases on record: 2 filed by Phonepe Lending Services. All cases are pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 1 |
| High courts | 1 | 0 | 1 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Interim or miscellaneous application | Filed by the company against Mahindra and Mahindra Financial Services Limited | Pending |
| District court, BENGALURU, Karnataka | Civil suit | Filed by the company against Contactout Limited | Pending |
To see the full case history of Phonepe Lending Services Private Limited, buy the company report.
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
Phonepe Lending Services Private Limited has 7 MSME Form 1 returns on record between 2022 and 2024, listing 92 overdue payments to 24 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 24)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Buzzword Technologies Private Limited | |||
| Innofin Solutions Private Limited | |||
| SMPV and Associates LLP | |||
| Shivaami Cloud Services Private Limited | |||
| Walkover Web Solutions Private Limited |
To see the full MSME payment records of Phonepe Lending Services Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Phonepe Lending Services Private Limited has a workforce of 107 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Phonepe Lending Services has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAECE4207C1Z1 | Karnataka | Active | 13 Jun 2022 |
| 27AAECE4207C1Z5 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Phonepe Lending Services Private Limited, buy the company report.
Recent activity
Phonepe Lending Services Private Limited has 21 board changes on record since 2016: 12 appointments and 9 cessations. The latest: Harshitkumar ceased to be Whole-Time Director on 01 Dec 2025.
25 earlier events are in the company report.
News
Frequently asked questions
Phonepe Lending Services is an active private limited company based in Bangalore, Karnataka, India. The company works in online service marketplaces, within the internet industry. It was incorporated on 20 October 2016 (10+ years old) and is registered under CIN U63119KA2016PTC174869.
Phonepe Lending Services has 3 current directors:
- Hemant Manilal Gala - Whole-Time Director
- Kaushal Kumar Nahata - Whole-Time Director
- Meenakshi Sharma - Director
The latest financial statements of Phonepe Lending Services on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 19 September 2025. Year-wise statements from FY 2017 are in the company report.
The GSTIN of Phonepe Lending Services is 29AAECE4207C1Z1, registered in Karnataka. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 27AAECE4207C1Z5 (Maharashtra).
The CIN (Corporate Identification Number) of Phonepe Lending Services is U63119KA2016PTC174869. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Phonepe Lending Services has 2 court cases on record: 2 filed by the company. 2 are pending. Most are in the district courts.
Phonepe Lending Services was incorporated on 20 October 2016, making it 10+ years old. It is registered with the Registrar of Companies, Bangalore.
Phonepe Lending Services has 10 deals on record (5 secondary share transfers, 4 funding rounds, 1 rights issue), with disclosed funding of ₹8.96 Cr; the latest was in November 2022.
Harshitkumar ceased to be Whole-Time Director on 01 Dec 2025. Meenakshi Sharma was appointed as Director on 17 Apr 2025. Vishal Gupta ceased to be Director on 09 Nov 2023. Phonepe Lending Services has 21 board changes on record in total.
Phonepe Lending Services has 7 MSME Form 1 returns on record between 2022 and 2024, listing 92 overdue payments to 24 micro and small suppliers. The latest return was filed on 25 Apr 2024.
Phonepe Lending Services can be reached through the website phonepe.com. Its registered office is in Bangalore, Karnataka, India.