About Phonepe Limited
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Phonepe Limited is a public limited company based in Bangalore South, Karnataka, India, a subsidiary of Fit Holdings Sarl. It operates in the online payment gateways segment of the financial services sector. It was incorporated on 18 December 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U67190KA2012PLC176031. Its GSTIN is 29AACCF1132H1ZY (Karnataka). The company holds 22 GST registrations, of which 21 are active.
The company has an authorised share capital of ₹100 Cr and a paid-up capital of ₹50.66 Cr. It was formerly known as Fx Mart Private Limited. It is led by directors including Rahul Chari Vardha (Whole-Time Director) and Manish Mahendra Sabharwal.
Its last annual general meeting (AGM) was held on 21 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Bangalore South, Karnataka.
As per the financials filed for FY 2023, the company reported a revenue of ₹3,024.99 Cr, a growth of 79.7% compared to the previous year.
The company has about 7,645 employees on its provident fund (EPFO) records. Its group structure includes 9 subsidiaries.
The company is associated with 3 brands: WealthDesk, PhonePe and Share.Market. As per MCA filings, the company has satisfied charges of ₹51.63 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 phonepe.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Apps
- Registered AddressOffice – 2 Floor 5 Wing A Block A Salarpuria Softzone, Bellandur Village Varthur Hobli Outer Ring Road, Bangalore South, Karnataka, India – 560103
- IndustryFinancial Services, Online Payment Gateways
- 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
Name History of Phonepe Limited
Phonepe has undergone 2 name changes throughout its history. The company was previously known as Fx Mart Private Limited, and Phonepe Limited. The current legal name is Phonepe Limited.
| Company Name | Status |
|---|---|
| Phonepe Limited | Current |
| Fx Mart Private Limited | Previous |
CIN History of Phonepe Limited
Phonepe has 4 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U67190KA2012PLC176031, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U67190KA2012PLC176031 | Current |
| U67190MH2012PTC337657 | Previous |
| U67190DL2012PTC303812 | Previous |
| U67190PB2012PTC036950 | Previous |
| U67190KA2012PTC176031 | Previous |
Associated Brands with Phonepe Limited
Phonepe operates multiple associated brands including WealthDesk, PhonePe, and Share.Market. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| ETFs are invested in via an online and app-based platform. | wealthdesk.in | |
| Payment, financial, investment, and lending services are provided digitally. | phonepe.com | |
| Multi-asset trading and investment services are offered to individuals. | share.market |
Competitors & Alternatives of Phonepe Limited
Brands and companies operating in the same space as Phonepe Limited include Paytm, Robinhood, MobiKwik and 7 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
 Paytm | Digital payments, financial services, and e-commerce platforms are provided. | Noida, India | 2000 |
 Robinhood | Commission-free trading and investment services are provided by Robinhood. | Menlo Park, United States | 2013 |
 MobiKwik | Operator of platform for online mobile, DTH recharge, and bill payments | Gurugram, India | 2009 |
 Trade Republic | Multi-asset trading platform for stocks, ETFs, and cryptocurrencies is provided. | Berlin, Germany | 2015 |
 MoneyGram | Cross-border payments are enabled via wallet solutions for consumers. | Dallas, United States | 1940 |
 Saxo Bank | Online platform for trading in forex, options, and CFDs | Copenhagen, Denmark | 1992 |
 Webull | Broker-based online trading platform | New York, United States | 2017 |
 OLA Money | Digital financial products and services are provided by OLA Money. | Bengaluru, India | 2015 |
 FreeCharge | Digital wallet services for bill payments and recharges are facilitated. | Gurugram, India | 2010 |
 Citrus Pay | Online payment app for consumers and businesses | Mumbai, India | 2011 |
Business Activity of Phonepe Limited
Phonepe operates primarily in the financial and insurance service sector. One business activity is registered with the MCA.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| Locked | Financial and insurance Service | Locked | Other financial activities | Locked |
Detailed business activity records
Activity codes and each activity's share of turnover are in the company report.
- Activity group codes
- Detailed activity codes
- Turnover contribution
Verified entity values are shown only after access is granted.
Auditor Details of Phonepe Limited
Phonepe Limited is audited by S. R. Batliboi & Associates LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S. R. Batliboi & Associates 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 and KMP of Phonepe Limited
Phonepe Limited currently reports 8 directors and 2 key managerial personnel. 22 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manish Mahendra Sabharwal Also directs: MKS Management Consultancy Services LLP, Teamlease Services Limited, Lupin Ventures Private Limited and 2 more | Director | 21 Nov 2024 | 1 Years 10 Months | Current |
| Leigh Douglas Hopkins Also directs: 63Ideas Infolabs Private Limited | Nominee Director | 06 Jan 2023 | 3 Years 8 Months | Current |
| John David Rainey Jr | Nominee Director | 24 Jan 2024 | 2 Years 8 Months | Current |
| Adarsh Nahata | Cfo | 18 Sep 2024 | 2 Years 0 Months | Current |
| Zarin Bomi Daruwala | Director | 23 May 2025 | 1 Years 4 Months | Current |
| Rohit Bhagat Also directs: Meesho Limited | Director | 06 Jan 2023 | 3 Years 8 Months | Current |
Financials of Phonepe Limited FY 2025 filings available
Phonepe Limited reported revenue of ₹3,024.99 Cr (up 79.70% YoY) for FY 2023.
Financial Statement Summary of Phonepe Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹3,024.99 Cr | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | •••• | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | •••• | •••• | •••• | •••• | •••• |
| 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 Phonepe Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | •••• | •••• | •••• | •••• | •••• |
| Net Profit Margin | •••• | •••• | •••• | •••• | •••• |
| 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 Phonepe 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.
Ownership and Shareholding of Phonepe 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.
Group Structure of Phonepe Limited
Phonepe has 9 subsidiary companies and 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Phonepe Credit Services Private Limited | U63119KA2016PTC174869 | Locked |
| Phonepe Wealth Broking Private Limited | U65990KA2021PTC146954 | Locked |
| Phonepe Technology Services Private Limited | U65999KA2019PTC174321 | Locked |
| Phonepe Finance Private Limited | U65999KA2021PTC151118 | Locked |
| Phonepe Insurance Broking Services | U66000KA2020FTC132814 | Locked |
| Quantech Capital Investment Advisors Private Limited | U67190KA2018PTC175882 | Locked |
Showing major subsidiaries. Total: 9.
Charges & Borrowings of Phonepe Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 29 Jan 2018 | Yes Bank Limited | ₹10 Lakh | Satisfied |
| 29 Jan 2018 | Yes Bank Limited | ₹4.87 Cr | Satisfied |
| 12 Dec 2017 | Yes Bank Limited | ₹2 Cr | Satisfied |
| 23 Jun 2016 | Yes Bank Limited | ₹44.66 Cr | Satisfied |
Total charge records: 4 View all charges
Employees and EPFO Compliance at Phonepe Limited
Phonepe Limited has a workforce of 7,645 employees as of Mar 23, 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.
GST Compliance of Phonepe Limited
Phonepe has 22 GST registrations: 21 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCF1132H1ZY | Karnataka | Active | 06 Jul 2017 |
| 29AACCF1132H2ZX | Karnataka | Active | 06 Jul 2017 |
| 03AACCF1132H1ZC | Punjab | Active | 01 Jul 2017 |
| 07AACCF1132H1Z4 | Delhi | Active | 14 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.
Credit Ratings, Litigation & Regulatory Alerts for Phonepe 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.
MSME Payment Delays by Phonepe Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- 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 Phonepe 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.
MCA Filings & Documents of Phonepe 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.
Recent Activity on Phonepe Limited
Recent News on Phonepe Limited
Frequently Asked Questions about Phonepe Limited
Phonepe is an active public limited company based in Bangalore South, Karnataka, India. The company works in online payment gateways, within the financial services industry. It was incorporated on 18 December 2012 (14+ years old) and is registered under CIN U67190KA2012PLC176031.
Phonepe reported revenue of ₹3,024.99 Cr for FY 2023 (up 79.70% YoY).
Phonepe has 10 current directors and KMP:
- Rahul Chari Vardha - Whole-Time Director
- Manish Mahendra Sabharwal - Director
- Leigh Douglas Hopkins - Nominee Director
- John David Rainey Jr - Nominee Director
- Zarin Bomi Daruwala - Director
- Rohit Bhagat - Director
- Donna Catherine Morris - Nominee Director
- Tarun Bajaj - Director
- Adarsh Nahata - Cfo
- Sameer Nigam - Ceo
The GSTIN of Phonepe is 29AACCF1132H1ZY, registered in Karnataka. The company has 22 GST registrations in all, of which 21 are active and 1 is cancelled or inactive. Other active GSTINs include 29AACCF1132H2ZX (Karnataka), 03AACCF1132H1ZC (Punjab), 07AACCF1132H1Z4 (Delhi).
The CIN (Corporate Identification Number) of Phonepe is U67190KA2012PLC176031. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Phonepe was incorporated on 18 December 2012, making it 14+ years old. It is registered with the Registrar of Companies, Bangalore.
Phonepe can be reached through the website phonepe.com. Its registered office is in Bangalore South, Karnataka, India.
The registered office of Phonepe is at Office – 2 Floor 5 Wing A Block A Salarpuria Softzone, Bellandur Village Varthur Hobli Outer Ring Road, Bangalore South, Karnataka, India – 560103.
Phonepe has an authorised share capital of ₹100 Cr and a paid-up capital of ₹50.66 Cr.