About Primeindus Fintech Solutions Private Limited
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Primeindus Fintech Solutions Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the online payment gateways segment of the financial services sector. It was incorporated on 26 April 2022.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2022PTC160533. Its GSTIN is 29AAMCP8543J1ZO (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Harshad Narshi Gala and Rahul Subodh Joshi.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2023, the company reported a revenue of ₹1.91 Lakh. For the same year it recorded a net loss of ₹13.96 Lakh and EBITDA of -₹8.92 Lakh (EBITDA margin -466.6%).
The company has about 17 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Induss Pay.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website indusspay.com.
Company details
Contact details
Primeindus Fintech Solutions Private Limited's registered office is in Bangalore, Karnataka. Its website is indusspay.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo.702 2nd Floor, 11th Main Jayanagar 5th Block, Bangalore, Karnataka, India – 560041
- IndustryFinancial Services, Online Payment Gateways
To see the full contact details of Primeindus Fintech Solutions 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
Brands
Primeindus Fintech Solutions operates one associated brand: Induss Pay. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides diversified payment acceptance solutions tailored for businesses. | indusspay.com |
Business activity
The main business activity of Primeindus Fintech Solutions is information and communication. In detail, this covers other information & communication service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Primeindus Fintech Solutions Private Limited, buy the company report.
Financials of Primeindus Fintech Solutions Private Limited
FY 2024 filings availablePrimeindus Fintech Solutions Private Limited reported revenue of ₹1.91 Lakh for FY 2023.
Financial Statement Summary
| Metrics | FY 2022-23 |
|---|---|
| Profit and Loss Statement | |
| Revenue from Operations | ₹1.91 Lakh |
| Other Income | |
| Total Revenue | |
| Cost of Materials Consumed | |
| Employee Benefit Expense | |
| Finance Costs | |
| Depreciation and Amortisation | |
| Other Expenses | |
| Total Expenses | |
| EBITDA | -₹8.92 Lakh |
| Profit Before Tax | |
| Tax Expense | |
| Net Profit (PAT) | -₹13.96 Lakh |
| 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
| Metrics | FY 2022-23 |
|---|---|
| Profitability | |
| EBITDA Margin | -466.6% |
| Net Profit Margin | |
| Return on Equity (ROE) | |
| Return on Capital Employed (ROCE) | |
| Return on Assets (ROA) | |
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| Current Ratio | |
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To see the full financial statements and ratios of Primeindus Fintech Solutions Private Limited, buy the company report.
Board of directors of Primeindus Fintech Solutions Private Limited
Primeindus Fintech Solutions has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Harshad Narshi Gala Also directs: Rivi Technologies (OPC) Private Limited, Jiniyus Utensil (OPC) Private Limited, Novar Defence Private Limited and 5 more | Additional Director | 03 Jan 2025 | 1 Years 10 Months | Current |
| Rahul Subodh Joshi Also directs: Novar Defence Private Limited, Fabinnovate Metals Private Limited, Elitevision Computers Private Limited and 5 more | Additional Director | 03 Jan 2025 | 1 Years 10 Months | Current |
Auditor
Primeindus Fintech Solutions Private Limited is audited by VENKOBI PP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VENKOBI PP | FY 2023 | 207851 |
Shareholding
The shareholding of Primeindus Fintech Solutions Private Limited is on record for FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Foreign institutional investors (FII) | |
| Public | |
| Others |
To see the full shareholding pattern of Primeindus Fintech Solutions Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Primeindus Fintech Solutions Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Primeindus Fintech Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Primeindus Fintech Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAMCP8543J1ZO | Karnataka | Active | 05 May 2022 |
To see the full GST registrations and return filing status of Primeindus Fintech Solutions Private Limited, buy the company report.
Recent activity
Primeindus Fintech Solutions Private Limited has 10 board changes on record since 2022: 6 appointments and 4 cessations. The latest: Harshad Narshi Gala was appointed as Additional Director on 03 Jan 2025.
1 earlier event is in the company report.
Frequently asked questions
Primeindus Fintech Solutions is an active private limited company based in Bangalore, Karnataka, India. The company works in online payment gateways, within the financial services industry. It was incorporated on 26 April 2022 (4+ years old) and is registered under CIN U72900KA2022PTC160533.
Primeindus Fintech Solutions has 2 current directors:
- Harshad Narshi Gala - Additional Director
- Rahul Subodh Joshi - Additional Director
The latest financial statements of Primeindus Fintech Solutions on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2023 are in the company report.
The GSTIN of Primeindus Fintech Solutions is 29AAMCP8543J1ZO, registered in Karnataka.
The CIN (Corporate Identification Number) of Primeindus Fintech Solutions is U72900KA2022PTC160533. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Primeindus Fintech Solutions was incorporated on 26 April 2022, making it 4+ years old. It is registered with the Registrar of Companies, Bangalore.
Harshad Narshi Gala was appointed as Additional Director on 03 Jan 2025. Kuresh Saleh ceased to be Additional Director on 03 Jan 2025. Rahul Subodh Joshi was appointed as Additional Director on 03 Jan 2025. Primeindus Fintech Solutions has 10 board changes on record in total.
Primeindus Fintech Solutions can be reached through the website indusspay.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Primeindus Fintech Solutions is at No.702 2nd Floor, 11th Main Jayanagar 5th Block, Bangalore, Karnataka, India – 560041.
Primeindus Fintech Solutions operates in the financial services industry, in the online payment gateways segment.
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