About Priority Idc Private Limited
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Priority Idc Private Limited is a private limited company based in Chandigarh, India, a subsidiary of Finxera Inc Usa. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 17 December 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U74900CH2012PTC034262. Its GSTIN is 04AAFCB2953B1Z8 (Chandigarh).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹95.62 Lakh. It was formerly known as Bancbox Development Services India Private Limited and Finxera India Private Limited. It is led by directors including Rajiv Kumar and Bradley Jay Miller.
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 3rd Floor Tower – D DLF IT Park, Chandigarh, India – 160101.
As per the financials filed for FY 2025, the company reported a revenue of ₹92.41 Cr. For the same year it recorded a net profit of ₹9.99 Cr (net margin 10.8%) and EBITDA of ₹16.31 Cr (EBITDA margin 17.7%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years and 16% over five years.
The company has about 367 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Finxera. Court records list 1 case involving the company, including 1 filed against it. The company has 3 deals on record (3 secondary share transfers); the latest was in September 2018. The company has 8 MSME Form 1 returns on record between 2020 and 2024, listing 12 overdue payments to 5 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 careers.finxera.com.
Company details
Name history
Priority Idc has undergone 2 name changes throughout its history. The company was previously known as Bancbox Development Services India Private Limited, and Finxera India Private Limited. The current legal name is Priority Idc Private Limited.
| Company Name | Status |
|---|---|
| Priority Idc Private Limited | Current |
| Bancbox Development Services India Private Limited | Previous |
| Finxera India Private Limited | Previous |
Contact details
Priority Idc Private Limited's registered office is in Chandigarh, Chandigarh. Its website is careers.finxera.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address3rd Floor Tower – D DLF IT Park, Chandigarh, India – 160101
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Priority Idc 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
Priority Idc operates one associated brand: Finxera. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Payment APIs for compliant money handling are provided by Finxera. | finxera.com |
Business activity
The main business activity of Priority Idc is professional, scientific and technical. In detail, this covers management consultancy activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M3 | Management consultancy activities |
To see the full business activity and turnover split of Priority Idc Private Limited, buy the company report.
Financials of Priority Idc Private Limited
FY 2025 filings availablePriority Idc Private Limited reported revenue of ₹92.41 Cr for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 16% over five years. EBITDA rose 17% 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 | ₹16.31 Cr | ||||
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| Net Profit (PAT) | ₹9.99 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 | 17.7% | ||||
| Net Profit Margin | 10.8% | ||||
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To see the full financial statements and ratios of Priority Idc Private Limited, buy the company report.
Board of directors of Priority Idc Private Limited
Priority Idc has 5 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajiv Kumar | Director | 04 Apr 2023 | 3 Years 6 Months | Current |
| Bradley Jay Miller | Director | 04 Apr 2023 | 3 Years 6 Months | Current |
| Ranjana Ram | Director | 04 Apr 2023 | 3 Years 6 Months | Current |
| Anjan Kumar Nandi | Director | 01 May 2025 | 1 Years 5 Months | Current |
| Lalit Ananth Chawla Also directs: Novello Advisors LLP | Director | 21 Mar 2025 | 1 Years 7 Months | Current |
Auditor
Priority Idc Private Limited is audited by Nitin Mittal & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Nitin Mittal & Co. | FY 2023 | 017642N |
Shareholding
The shareholding of Priority Idc Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Priority Idc Private Limited, buy the company report.
Deals & funding
Priority Idc Private Limited has 3 deals on record (3 secondary share transfers); the latest was in September 2018.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2018 | Secondary share transfer | Undisclosed | Buyer: Finxera INC USA Seller: Other Shareholders |
| Mar 2016 | Secondary share transfer | Undisclosed | Buyer: Other Shareholders Seller: Bancbox inc |
| Oct 2015 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Priority Idc Private Limited has 1 court case on record: 1 filed against it. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Shimla, Himachal Pradesh | Court case (Summary Challan) | Filed against the company by State of HP | Disposed |
To see the full case history of Priority Idc 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
Priority Idc Private Limited has 8 MSME Form 1 returns on record between 2020 and 2024, listing 12 overdue payments to 5 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 5)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| Fore Solutions Private Limited | |||
| Hiregange & Associates LLP | |||
| an individual supplier |
To see the full MSME payment records of Priority Idc Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Priority Idc Private Limited has a workforce of 367 employees on its EPFO records as of Sep 27, 2024, across 1 active EPFO establishment.
GST
Priority Idc has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 04AAFCB2953B1Z8 | Chandigarh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Priority Idc Private Limited, buy the company report.
Recent activity
Priority Idc Private Limited has 13 board changes on record since 2012: 9 appointments and 4 cessations. The latest: Anjan Kumar Nandi was appointed as Director on 01 May 2025.
4 earlier events are in the company report.
Frequently asked questions
Priority Idc is an active private limited company based in Chandigarh, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 17 December 2012 (14+ years old) and is registered under CIN U74900CH2012PTC034262.
Priority Idc has 5 current directors:
- Rajiv Kumar - Director
- Bradley Jay Miller - Director
- Ranjana Ram - Director
- Anjan Kumar Nandi - Director
- Lalit Ananth Chawla - Director
The latest financial statements of Priority Idc on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Priority Idc is 04AAFCB2953B1Z8, registered in Chandigarh.
The CIN (Corporate Identification Number) of Priority Idc is U74900CH2012PTC034262. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Priority Idc has 1 court case on record: 1 filed against it.
Priority Idc was incorporated on 17 December 2012, making it 14+ years old. It is registered with the Registrar of Companies, Chandigarh.
Priority Idc has 3 deals on record (3 secondary share transfers); the latest was in September 2018.
Anjan Kumar Nandi was appointed as Director on 01 May 2025. Lalit Ananth Chawla was appointed as Director on 21 Mar 2025. Padmanabhan Balasubramanian ceased to be Director on 21 Mar 2025. Priority Idc has 13 board changes on record in total.
Priority Idc has 8 MSME Form 1 returns on record between 2020 and 2024, listing 12 overdue payments to 5 micro and small suppliers. The latest return was filed on 20 Apr 2024.
Priority Idc can be reached through the website careers.finxera.com. Its registered office is in Chandigarh, India.