About Q2pay Technologies Private Limited
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Q2pay Technologies Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the digital payment solutions segment of the financial services sector. It was incorporated on 01 May 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74993MH2018PTC308734. Its GSTIN is 27AAACQ5359D1ZG (Maharashtra).
The company has an authorised share capital of ₹1.25 Cr and a paid-up capital of ₹1.06 Cr. It is led by directors including Akshay Abhay Rangnekar and Devaki Abhay Rangnekar.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2026, the company reported a revenue of ₹1.94 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹16.69 Cr and EBITDA of -₹13.64 Cr. Revenue has grown at a compounded annual rate (CAGR) of 9% over three years and 64% over five years.
The company has about 32 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Q2Pay. As per MCA filings, the company has open charges of ₹1.17 Cr on record. Court records list 2 cases involving the company, including 2 filed against it.
For more details, the company can be reached via its website q2pay.in.
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- Website
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- Registered Address7 Flr A Wing Met Educational Complex Gen., A.K.Vaidya Rd Bandra Reclamation, Mumbai, Maharashtra, India – 400050
- 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
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Business Activity of Q2pay Technologies Private Limited
The main business activity of Q2pay Technologies is information and communication. In detail, this covers publishing of computer operating systems, system software, application software, games, etc..
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J2 | Publishing of computer operating systems, system software, application software, games, etc. | 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 Q2pay Technologies Private Limited FY 2025 filings available
Q2pay Technologies Private Limited reported revenue of ₹1.94 Cr (up 683% YoY) for FY 2026.
Compounded Annual Growth Rate (CAGR) of Q2pay Technologies Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 64% over five years, including 683% growth in the latest year. EBITDA fell 95% 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 Q2pay Technologies Private Limited
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| 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 | -₹13.64 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹16.69 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 Q2pay Technologies Private Limited
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| 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 Q2pay Technologies are in the company report.
Financial statements from FY 2019
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.
Board of Directors of Q2pay Technologies Private Limited
Q2pay Technologies has 4 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Akshay Abhay Rangnekar Also directs: Graphic Solutions Private Limited, Xpentra Advisory Services LLP | Director | 01 May 2018 | 8 Years 5 Months | Current |
| Devaki Abhay Rangnekar Also directs: Graphic Solutions Private Limited, Ben Ville Construction Pvt Ltd | Director | 01 May 2018 | 8 Years 5 Months | Current |
| Abhay Prabhatkumar Rangnekar | Director | 02 Nov 2023 | 2 Years 11 Months | Current |
| Ankur Abhay Rangnekar Also directs: Xpentra Advisory Services LLP | Director | 08 Nov 2021 | 4 Years 11 Months | Current |
Peer Comparison of Q2pay Technologies Private Limited
Q2pay Technologies 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 |
|---|---|---|---|---|---|---|
| Q2pay Technologies Private Limited this company | ₹1.94 Cr (FY 2026) | •••• | •••• | 683.0% | •••• | Mumbai, Maharashtra, India |
| Payben Private Limited | ₹1.67 Cr (FY 2025) | •••• | •••• | 72.0% | •••• | Darrang, Assam, India |
| Sammadhan Web Solution Private Limited | ₹1.67 Cr (FY 2025) | •••• | •••• | 4.0% | •••• | Basirhat, West Bengal, India |
| Aipay Technology Private Limited | ₹1.65 Cr (FY 2025) | •••• | •••• | 9776.0% | •••• | Mumbai, Maharashtra, India |
| Speedvault Payments Private Limited | ₹1.65 Cr (FY 2025) | •••• | •••• | 1566.0% | •••• | Nagpur, Maharashtra, India |
| Zerone Microsystems Private Limited | ₹1.64 Cr (FY 2024) | •••• | •••• | 45.0% | •••• | New Delhi, Delhi, India |
| Paydeer Services Private Limited | ₹1.61 Cr (FY 2023) | •••• | •••• | 91.0% | •••• | Jaipur, Rajasthan, India |
| Plata Capital India Private Limited | ₹1.6 Cr (FY 2024) | •••• | •••• | 22.0% | •••• | New Delhi, Delhi, India |
| Inaf Private Limited | ₹1.58 Cr (FY 2022) | •••• | •••• | -32.0% | •••• | Anakapalli, Andhra Pradesh, India |
| Smart Payment Solutions Private Limited | ₹1.56 Cr (FY 2024) | •••• | •••• | 28.0% | •••• | Gurgaon, Haryana, India |
| Oktech AA Information Services Private Limited | ₹1.54 Cr (FY 2023) | •••• | •••• | -43.0% | •••• | Bangalore, Karnataka, India |
Peers are the five companies nearest above and the five nearest below Q2pay Technologies 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 Q2pay Technologies Private Limited
Q2pay Technologies Private Limited is audited by BHOMAWAT GUPTA AND CO. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| BHOMAWAT GUPTA AND CO. | 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.
Ownership and Shareholding of Q2pay Technologies 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 Q2pay Technologies Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 24 Sep 2024 | Hdfc Bank Limited | ₹20.57 Lakh | Open |
| 28 Jun 2024 | Others | ₹96 Lakh | Open |
Total charge records: 2 View all charges
Legal Cases of Q2pay Technologies Private Limited
Q2pay Technologies Private Limited has 2 court cases on record: 2 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Appln.PGA) | Filed against the company by an individual | Disposed |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Appln.IDA) | Filed against the company by an individual | Disposed |
Full case history
All 2 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.
Employees and EPFO Compliance at Q2pay Technologies Private Limited
Q2pay Technologies Private Limited has a workforce of 32 employees as of Apr 10, 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.
Recent Activity on Q2pay Technologies Private Limited
Q2pay Technologies Private Limited has 6 board changes on record since 2018: 4 appointments and 2 cessations. The latest: Abhay Prabhatkumar Rangnekar was appointed as Director on 02 Nov 2023.
Credit Ratings, Litigation & Regulatory Alerts for Q2pay Technologies 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.
MSME Payment Delays by Q2pay Technologies Private 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 Q2pay Technologies 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 Q2pay Technologies Private Limited
Q2pay Technologies has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACQ5359D1ZG | Maharashtra | Active | 01 Jun 2018 |
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 Q2pay Technologies 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 Q2pay Technologies Private Limited
Q2pay Technologies is an active private limited company based in Mumbai, Maharashtra, India. The company works in digital payment solutions, within the financial services industry. It was incorporated on 01 May 2018 (8+ years old) and is registered under CIN U74993MH2018PTC308734.
Q2pay Technologies reported revenue of ₹1.94 Cr for FY 2026 (up 683% YoY).
Q2pay Technologies has 4 current directors:
- Akshay Abhay Rangnekar - Director
- Devaki Abhay Rangnekar - Director
- Abhay Prabhatkumar Rangnekar - Director
- Ankur Abhay Rangnekar - Director
Q2pay Technologies reported a net loss of ₹16.69 Cr and EBITDA of -₹13.64 Cr for FY 2026, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Q2pay Technologies is -9% over three years and 64% over five years. In the latest year (FY 2026) revenue rose 683%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Q2pay Technologies is 27AAACQ5359D1ZG, registered in Maharashtra.
The CIN (Corporate Identification Number) of Q2pay Technologies is U74993MH2018PTC308734. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Q2pay Technologies has 2 court cases on record: 2 filed against it.
Q2pay Technologies was incorporated on 01 May 2018, making it 8+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Q2pay Technologies by revenue are Payben Private Limited, Sammadhan Web Solution Private Limited, Aipay Technology Private Limited, Speedvault Payments Private Limited, Zerone Microsystems Private Limited and 5 more, all in the BFSI industry (Payment Solution Providers).
Abhay Prabhatkumar Rangnekar was appointed as Director on 02 Nov 2023. Ankur Abhay Rangnekar ceased to be Additional Director on 30 Nov 2021. Ankur Abhay Rangnekar was appointed as Director on 08 Nov 2021. Q2pay Technologies has 6 board changes on record in total.