About Rapido Payments Private Limited
Data last updated:
Rapido Payments Private Limited is a private limited company based in Kolkata, West Bengal, India. It operates in the digital payment solutions segment of the financial services sector. It was incorporated on 27 May 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U74999WB2016PTC215959. Its GSTIN is 19AAHCR7807E1Z6 (West Bengal).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Kishore Kumar Gupta and Nandini Bhradhaj Nanjundaswamy.
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at Ecospace Esnt – 3A0501 Block – 3A 5th Floor Plot No. Iif/11, Kolkata, West Bengal, India – 700160.
As per the financials filed for FY 2021, the company reported a revenue of ₹12.6 Lakh, a growth of 57% compared to the previous year. For the same year it recorded a net profit of ₹23,910 (net margin 1.9%) and EBITDA of ₹32,311 (EBITDA margin 2.6%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years.
The company is associated with 1 brand: RapidoPayments.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website rapidopayments.com.
Company details
Contact details
Rapido Payments Private Limited's registered office is in Kolkata, West Bengal. Its website is rapidopayments.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressEcospace Esnt – 3A0501 Block – 3A 5th Floor Plot No. Iif/11, Kolkata, West Bengal, India – 700160
- IndustryFinancial Services, Digital Payment Solutions, Online Payment Gateways
To see the full contact details of Rapido Payments 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
Rapido Payments operates one associated brand: RapidoPayments. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides secure payment processing and fraud protection for global online businesses. | rapidopayments.com |
Business activity
The main business activity of Rapido Payments is support service to organizations. In detail, this covers other support services to organizations.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N7 | Other support services to organizations |
To see the full business activity and turnover split of Rapido Payments Private Limited, buy the company report.
Financials of Rapido Payments Private Limited
FY 2021 filings availableRapido Payments Private Limited reported revenue of ₹12.6 Lakh (up 57% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 5% over three years, including 57% growth in the latest year. EBITDA fell 14% 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| 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 | ₹32,311 | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹23,910 | ||||
| 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.6% | ||||
| Net Profit Margin | 1.9% | ||||
| 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 | |||||
To see the full financial statements and ratios of Rapido Payments Private Limited, buy the company report.
Board of directors of Rapido Payments Private Limited
Rapido Payments has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kishore Kumar Gupta | Director | 27 May 2016 | 10 Years 5 Months | Current |
| Nandini Bhradhaj Nanjundaswamy | Director | 27 May 2016 | 10 Years 5 Months | Current |
Auditor
Rapido Payments Private Limited is audited by S JAYKISHAN for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S JAYKISHAN | FY 2020 | 309005E |
Shareholding
The shareholding of Rapido Payments Private Limited is on record for 2 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2017 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Rapido Payments Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Rapido Payments 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 Rapido Payments Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Rapido Payments has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AAHCR7807E1Z6 | West Bengal | Active | 26 Jul 2017 |
To see the full GST registrations and return filing status of Rapido Payments Private Limited, buy the company report.
Recent activity
Rapido Payments Private Limited has 2 board changes on record since 2016: 2 appointments. The latest: Kishore Kumar Gupta was appointed as Director on 27 May 2016.
Frequently asked questions
Rapido Payments is an active private limited company based in Kolkata, West Bengal, India. The company works in digital payment solutions, within the financial services industry. It was incorporated on 27 May 2016 (10+ years old) and is registered under CIN U74999WB2016PTC215959.
Rapido Payments has 2 current directors:
- Kishore Kumar Gupta - Director
- Nandini Bhradhaj Nanjundaswamy - Director
The latest financial statements of Rapido Payments on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 November 2021. Year-wise statements from FY 2017 are in the company report.
The GSTIN of Rapido Payments is 19AAHCR7807E1Z6, registered in West Bengal.
The CIN (Corporate Identification Number) of Rapido Payments is U74999WB2016PTC215959. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Rapido Payments was incorporated on 27 May 2016, making it 10+ years old. It is registered with the Registrar of Companies, Kolkata.
Kishore Kumar Gupta was appointed as Director on 27 May 2016. Nandini Bhradhaj Nanjundaswamy was appointed as Director on 27 May 2016.
Rapido Payments can be reached through the website rapidopayments.com. Its registered office is in Kolkata, West Bengal, India.
The registered office of Rapido Payments is at Ecospace Esnt – 3A0501 Block – 3A 5th Floor Plot No. Iif11, Kolkata, West Bengal, India – 700160.
Rapido Payments operates in the financial services industry, in the digital payment solutions segment.