About Qpay India Private Limited
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Qpay India Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the digital payment solutions segment of the financial services sector. It was incorporated on 14 August 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U74990TN2013PTC092557. Its GSTIN is 33AAACQ3210F2Z4 (Tamil Nadu). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹30 Lakh and a paid-up capital of ₹14.49 Lakh. It is led by directors including Sivasabapathy Sivaprakash and Pullipalayam Kandasamy Manikandan.
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 Shakthi Towers – 1 766 Anna Salai, Chennai, Tamil Nadu, India – 600002.
As per the financials filed for FY 2024, the company reported a revenue of ₹64.85 Lakh, a growth of 103% compared to the previous year. For the same year it recorded a net loss of ₹12.46 Lakh (net margin -19.2%) and EBITDA of -₹16.57 Lakh (EBITDA margin -25.6%). Revenue has grown at a compounded annual rate (CAGR) of 57% over three years and 73% over five years.
The company is associated with 1 brand: QPay India. The company has 8 deals on record (7 funding rounds, 1 rights issue), with disclosed funding of ₹5.09 Cr; the latest was in March 2021.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website qpayindia.com.
Company details
Contact details
Qpay India Private Limited's registered office is in Chennai, Tamil Nadu. Its website is qpayindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressShakthi Towers – 1 766 Anna Salai, Chennai, Tamil Nadu, India – 600002
- IndustryFinancial Services, Digital Payment Solutions
To see the full contact details of Qpay India 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
Qpay India operates one associated brand: QPay India. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Online payment gateway for e-commerce transactions is provided. | qpayindia.com |
Business activity
The main business activity of Qpay India is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Qpay India Private Limited, buy the company report.
Financials of Qpay India Private Limited
FY 2025 filings availableQpay India Private Limited reported revenue of ₹64.85 Lakh (up 103% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 73% over five years, including 103% growth in the latest year. EBITDA fell 136% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | -₹16.57 Lakh | ||||
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| Net Profit (PAT) | -₹12.46 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA Margin | -25.6% | ||||
| Net Profit Margin | -19.2% | ||||
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To see the full financial statements and ratios of Qpay India Private Limited, buy the company report.
Board of directors of Qpay India Private Limited
Qpay India has 4 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sivasabapathy Sivaprakash Also directs: Vidyut Info Solutions Private Limited | Director | 14 Aug 2013 | 13 Years 2 Months | Current |
| Pullipalayam Kandasamy Manikandan Also directs: Vidyut Info Solutions Private Limited | Director | 14 Aug 2013 | 13 Years 2 Months | Current |
| Dhirajlal Narbheshankar Jani | Additional Director | 13 Nov 2014 | 11 Years 11 Months | Current |
| Prakashchandra Narbheshanker Jani | Additional Director | 13 Nov 2014 | 11 Years 11 Months | Current |
Auditor
Qpay India Private Limited is audited by ESAI & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ESAI & CO | FY 2023 | 008470S |
Shareholding
The shareholding of Qpay India Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Qpay India Private Limited, buy the company report.
Deals & funding
Qpay India Private Limited has 8 deals on record (7 funding rounds, 1 rights issue), with disclosed funding of ₹5.09 Cr; the latest was in March 2021.
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2021 | Funding round | ₹23.5 Lakh | Investors: 4 individuals |
| Apr 2020 | Funding round | ₹25.3 Lakh | Investors: 4 individuals |
| May 2018 | Funding round | ₹2 Cr | Investors: 4 individuals |
| Aug 2017 | Funding round | ₹82.5 Lakh | Investors: 4 individuals |
| Jul 2017 | Rights issue | ₹18.4 Lakh | Investors: 4 individuals |
To see the full deal history of Qpay India 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
No court or tribunal cases involving Qpay India 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 Qpay India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Qpay India has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAACQ3210F2Z4 | Tamil Nadu | Active | 20 Oct 2017 |
To see the full GST registrations and return filing status of Qpay India Private Limited, buy the company report.
Recent activity
Qpay India Private Limited has 4 board changes on record since 2013: 4 appointments. The latest: Dhirajlal Narbheshankar Jani was appointed as Additional Director on 13 Nov 2014.
Frequently asked questions
Qpay India is an active private limited company based in Chennai, Tamil Nadu, India. The company works in digital payment solutions, within the financial services industry. It was incorporated on 14 August 2013 (13+ years old) and is registered under CIN U74990TN2013PTC092557.
Qpay India has 4 current directors:
- Sivasabapathy Sivaprakash - Director
- Pullipalayam Kandasamy Manikandan - Director
- Dhirajlal Narbheshankar Jani - Additional Director
- Prakashchandra Narbheshanker Jani - Additional Director
The latest financial statements of Qpay India 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 Qpay India is 33AAACQ3210F2Z4, registered in Tamil Nadu. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Qpay India is U74990TN2013PTC092557. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Qpay India was incorporated on 14 August 2013, making it 13+ years old. It is registered with the Registrar of Companies, Chennai.
Qpay India has 8 deals on record (7 funding rounds, 1 rights issue), with disclosed funding of ₹5.09 Cr; the latest was in March 2021.
Dhirajlal Narbheshankar Jani was appointed as Additional Director on 13 Nov 2014. Prakashchandra Narbheshanker Jani was appointed as Additional Director on 13 Nov 2014. Pullipalayam Kandasamy Manikandan was appointed as Director on 14 Aug 2013. Qpay India has 4 board changes on record in total.
Qpay India can be reached through the website qpayindia.com. Its registered office is in Chennai, Tamil Nadu, India.
The registered office of Qpay India is at Shakthi Towers – 1 766 Anna Salai, Chennai, Tamil Nadu, India – 600002.
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