About Rainpay India Private Limited
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Rainpay India Private Limited is a foreign private limited company based in Bangalore, Karnataka, India, a subsidiary of Rain Technologies Inc. It operates in the online financial services segment of the internet and digital services sector. It was incorporated on 09 December 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74140KA2020FTC142026. Its GSTIN is 29AAKCR6558F1ZU (Karnataka).
The company has an authorised share capital of ₹50 Cr and a paid-up capital of ₹48.12 Cr. It is led by directors Akbar Khan and Alexander Anderson Bradford.
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 C/O 91 Springboard Pavilion 175 And 176 Dollars Colony Jp Nagar Bannerghatta Main Rd, Bangalore, Karnataka, India – 560076.
As per the financials filed for FY 2025, the company reported a revenue of ₹2.9 Cr, a decline of 42% compared to the previous year. For the same year it recorded a net loss of ₹3.2 Cr (net margin -110.4%) and EBITDA of -₹3.2 Cr (EBITDA margin -110.4%). Revenue has grown at a compounded annual rate (CAGR) of 155% over three years.
The company has about 53 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Rain. The company has 2 deals on record (2 rights issues); the latest was in August 2022. Its 10 peer companies in the Ecommerce and Internet industry (Consulting Services, Finance) are compared by revenue, 5 larger and 5 smaller; the largest is NPT Technologies Private Limited with revenue of ₹2.9 Cr.
For more details, the company can be reached via its website rainpay.in.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Apps
- Registered AddressC/O 91 Springboard Pavilion 175 And 176 Dollars Colony Jp Nagar Bannerghatta Main Rd, Bangalore, Karnataka, India – 560076
- IndustryInternet, Online Financial Services
- 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
Business Activity of Rainpay India Private Limited
The main business activity of Rainpay India is financial and insurance service. In detail, this covers other financial activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities | 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 Rainpay India Private Limited FY 2025 filings available
Rainpay India Private Limited reported revenue of ₹2.9 Cr (down 42% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Rainpay India Private Limited
Revenue fell 42% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 155%. EBITDA rose 55% 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 Rainpay India Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | -₹3.2 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹3.2 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 Rainpay India Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -110.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -110.4% | •••• | •••• | •••• | •••• |
| 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 Rainpay India are in the company report.
Financial statements from FY 2021
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.
Peer Comparison of Rainpay India Private Limited
Rainpay India Private Limited is compared with the companies closest to it by revenue in the Ecommerce and Internet industry (Consulting Services, Finance). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| NPT Technologies Private Limited | ₹2.9 Cr (FY 2024) | •••• | •••• | 317.0% | •••• | Jalandhar, Punjab, India |
| Adit Leasing and Finance Pvt Ltd | ₹2.9 Cr (FY 2025) | •••• | •••• | 9.0% | •••• | Mumbai, Maharashtra, India |
| Janvi Consultants Private Limited | ₹2.9 Cr (FY 2024) | •••• | •••• | 501.0% | •••• | Jaipur, Rajasthan, India |
| Fine Advice Private Limited | ₹2.9 Cr (FY 2025) | •••• | •••• | 31.0% | •••• | Kolkata, West Bengal, India |
| Legalpay Technology Private Limited | ₹2.9 Cr (FY 2025) | •••• | •••• | 37.0% | •••• | New Delhi, Delhi, India |
| Rainpay India Private Limited this company | ₹2.9 Cr (FY 2025) | •••• | •••• | -42.0% | •••• | Bangalore, Karnataka, India |
| Paras Overseas Private Limited | ₹2.9 Cr (FY 2025) | •••• | •••• | 9.0% | •••• | Delhi, India |
| RMZ Estates Private Limited | ₹2.9 Cr (FY 2023) | •••• | •••• | 47.0% | •••• | Bangalore, Karnataka, India |
| Prakash Deep Finance Company Limited | ₹2.89 Cr (FY 2025) | •••• | •••• | 0.0% | •••• | Jaipur, Rajasthan, India |
| Flormarina Private Limited | ₹2.89 Cr (FY 2025) | •••• | •••• | -70.0% | •••• | Gurgaon, Haryana, India |
| CRC Corporate Services Private Limited | ₹2.89 Cr (FY 2024) | •••• | •••• | 33.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Rainpay India by revenue in the Ecommerce and Internet industry (Consulting Services, Finance), 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 Rainpay India Private Limited
Rainpay India Private Limited is audited by Kiran Parikh & Co. for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Kiran Parikh & 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.
Board of Directors of Rainpay India Private Limited
Rainpay India has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Akbar Khan Also directs: Augnito India Private Limited | Director | 09 Dec 2020 | 5 Years 10 Months | Current |
| Alexander Anderson Bradford | Director | 09 Dec 2020 | 5 Years 10 Months | Current |
Ownership and Shareholding of Rainpay India 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 Rainpay India Private Limited
Rainpay India Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding of Rainpay India Private Limited
Rainpay India Private Limited has 2 deals on record (2 rights issues); the latest was in August 2022.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2022 | Rights issue | ₹9.76 Cr | Investors: Rain Technologies Inc |
| Feb 2021 | Rights issue | ₹38.26 Cr | Investors: Rain Technologies Inc |
Full deal history
All 2 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Associated Brands with Rainpay India Private Limited
Rainpay India operates one associated brand: Rain. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| A platform for payday loans is provided by Rain. | rainapp.com |
Employees and EPFO Compliance at Rainpay India Private Limited
Rainpay India Private Limited has a workforce of 53 employees as of Apr 05, 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 Rainpay India Private Limited
Rainpay India Private Limited has 4 board changes on record since 2020: 2 appointments and 2 cessations. The latest: Nareshkumar Jashvantbhai Prajapati ceased to be Company Secretary on 01 Jul 2024.
Credit Ratings, Litigation & Regulatory Alerts for Rainpay India 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 Rainpay India 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 Rainpay India 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 Rainpay India Private Limited
Rainpay India has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAKCR6558F1ZU | Karnataka | Active | 02 Mar 2021 |
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 Rainpay India 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 Rainpay India Private Limited
Rainpay India is an active foreign private limited company based in Bangalore, Karnataka, India. The company works in online financial services, within the internet industry. It was incorporated on 09 December 2020 (6+ years old) and is registered under CIN U74140KA2020FTC142026.
Rainpay India reported revenue of ₹2.9 Cr for FY 2025 (down 42% YoY).
Rainpay India has 2 current directors:
- Akbar Khan - Director
- Alexander Anderson Bradford - Director
Rainpay India reported a net loss of ₹3.2 Cr (net margin -110.4%) and EBITDA of -₹3.2 Cr (EBITDA margin -110.4%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Rainpay India is 155% over three years. In the latest year (FY 2025) revenue fell 42%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Rainpay India is 29AAKCR6558F1ZU, registered in Karnataka.
The CIN (Corporate Identification Number) of Rainpay India is U74140KA2020FTC142026. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Rainpay India was incorporated on 09 December 2020, making it 6+ years old. It is registered with the Registrar of Companies, Bangalore.
Rainpay India has 2 deals on record (2 rights issues); the latest was in August 2022.
The peers of Rainpay India by revenue are NPT Technologies Private Limited, Adit Leasing and Finance Pvt Ltd, Janvi Consultants Private Limited, Fine Advice Private Limited, Legalpay Technology Private Limited and 5 more, all in the Ecommerce and Internet industry (Consulting Services, Finance).
Nareshkumar Jashvantbhai Prajapati ceased to be Company Secretary on 01 Jul 2024. Aditya Vikrambhai Patel ceased to be Company Secretary on 19 Jul 2022. Akbar Khan was appointed as Director on 09 Dec 2020. Rainpay India has 4 board changes on record in total.