About Rapipay Fintech Private Limited
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Rapipay Fintech Private Limited is a private limited company based in New Delhi, Delhi, India, a subsidiary of Capital India Finance Limited. It operates in the online payment gateways segment of the financial services sector. It was incorporated on 06 April 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U72200DL2009PTC189149. Its GSTIN is 07AADCV0020H1ZU (Delhi). The company holds 12 GST registrations, of which 9 are active.
The company has an authorised share capital of ₹65 Cr and a paid-up capital of ₹39.71 Cr. It was formerly known as Virgosoft It Services Private Limited. It is led by directors including Yogendra Singh Kashyap (Managing Director) and Deepak Vaswan (Whole-Time Director).
Its last annual general meeting (AGM) was held on 04 July 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 701 7th Floor Aggarwal Corporate Tower, Plot No. 23 District Centre Rajendra Place, New Delhi, Delhi, India – 110008.
As per the financials filed for FY 2025, the company reported a revenue of ₹360.03 Cr, a decline of 16% compared to the previous year. For the same year it recorded a net loss of ₹24.24 Cr (net margin -6.7%) and EBITDA of -₹1.8 Cr (EBITDA margin -0.5%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years and 32% over five years.
The company has about 848 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.
The company is associated with 1 brand: RapiPay. As per MCA filings, the company has open charges of ₹22.32 Cr and satisfied charges of ₹38.82 Cr on record. Court records list 29 cases involving the company, including 16 filed by the company and 13 filed against it; 14 cases are pending. The company has 19 deals on record (10 secondary share transfers, 5 funding rounds, 2 rights issues), with disclosed funding of ₹199.53 Cr; the latest was in March 2025. Its 3 peer companies in the BFSI industry (Fintech, Payment Gateways), with the same principal business activity (other financial activities) are compared by revenue, 1 larger and 2 smaller; the largest is Cashfree Payments India Private Limited with revenue of ₹640.74 Cr. The company has 7 MSME Form 1 returns on record between 2022 and 2024, listing 23 overdue payments to 11 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 in.rapipay.com.
Company details
Name history
Rapipay Fintech has undergone 2 name changes throughout its history. The company was previously known as Virgosoft It Services Private Limited, and Rapipay Fintech Private Limited. The current legal name is Rapipay Fintech Private Limited.
| Company Name | Status |
|---|---|
| Rapipay Fintech Private Limited | Current |
| Virgosoft It Services Private Limited | Previous |
Contact details
Rapipay Fintech Private Limited's registered office is in New Delhi, Delhi. Its website is in.rapipay.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered Address701 7th Floor Aggarwal Corporate Tower, Plot No. 23 District Centre Rajendra Place, New Delhi, Delhi, India – 110008
- IndustryFinancial Services, Online Payment Gateways
To see the full contact details of Rapipay Fintech 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
Rapipay Fintech operates one associated brand: RapiPay. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Agent-based payment solutions for businesses are provided. | rapipay.com |
Business activity
The main business activity of Rapipay Fintech is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Rapipay Fintech Private Limited, buy the company report.
Financials of Rapipay Fintech Private Limited
FY 2025 filings availableRapipay Fintech Private Limited reported revenue of ₹360.03 Cr (down 16% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 16% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 32%. EBITDA rose 89% 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 | -₹1.8 Cr | ||||
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| Net Profit (PAT) | -₹24.24 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 | -0.5% | ||||
| Net Profit Margin | -6.7% | ||||
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To see the full financial statements and ratios of Rapipay Fintech Private Limited, buy the company report.
Board of directors and KMP of Rapipay Fintech Private Limited
Rapipay Fintech Private Limited currently reports 6 directors and 1 key managerial person. 22 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Yogendra Singh Kashyap | Managing Director | 17 Jul 2010 | 16 Years 3 Months | Current |
| Keshav Porwal Also directs: Capital India Finance Limited, Nye Investech Private Limited, KPSB Realtech LLP and 5 more | Director | 25 Jun 2021 | 5 Years 4 Months | Current |
| Yogendra Pal Singh Also directs: Capital India Finance Limited | Director | 06 Jan 2020 | 6 Years 9 Months | Current |
| Rashmi Fauzdar Also directs: Capital India Finance Limited, I Money Pay Private Limited, Payjoy India Finance Private Limited and 1 more | Director | 25 Apr 2023 | 3 Years 6 Months | Current |
| Vinod Somani Also directs: K G Somani & Co LLP, Capital India Finance Limited, NTB International Pvt Ltd and 4 more | Director | 06 Jan 2020 | 6 Years 9 Months | Current |
| Deepak Vaswan Also directs: Rapipay Payments Private Limited, Cifl Holdings Private Limited, Capital India Wealth Management Private Limited and 3 more | Whole-Time Director | 16 Aug 2019 | 7 Years 2 Months | Current |
Peer comparison
Rapipay Fintech Private Limited is compared with the 3 companies closest to it by revenue in the BFSI industry (Fintech, Payment Gateways), with the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Cashfree Payments India Private Limited | ₹640.74 Cr (FY 2025) | -1.0% | Bangalore, Karnataka, India | |||
| Rapipay Fintech Private Limitedthis company | ₹360.03 Cr (FY 2025) | -₹24.24 Cr | -6.7% | -16.0% | 848 | New Delhi, Delhi, India |
| Niyogin Fintech Limited | ₹309.02 Cr (FY 2025) | 56.0% | Chennai, Tamil Nadu, India | |||
| Zaak Epayment Services Private Limited | ₹297.26 Cr (FY 2025) | 74.0% | Gurugram, Haryana, India |
To see the full peer comparison of Rapipay Fintech Private Limited, buy the company report.
Auditor
Rapipay Fintech Private Limited is audited by Walker Chandiok & Co LLP for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Walker Chandiok & Co LLP | FY 2024 | 001076N/N500013 |
Shareholding
The shareholding of Rapipay Fintech Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Rapipay Fintech Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Jun 2025 | 101124444 | Others | ₹95 Lakh | Open | |
| 12 Jun 2025 | 101114639 | Others | ₹65 Lakh | Open | |
| 05 Jun 2025 | 101150112 | Others | ₹75 Lakh | Open | |
| 15 Mar 2025 | 101088731 | Others | ₹1 Cr | Open | |
| 14 Feb 2025 | 101057011 | Others | ₹7.6 Lakh | Open |
To see the full charge records of Rapipay Fintech Private Limited, buy the company report.
Total charge records: 34 View all charges
Deals & funding
Rapipay Fintech Private Limited has 19 deals on record (10 secondary share transfers, 5 funding rounds, 2 rights issues), with disclosed funding of ₹199.53 Cr; the latest was in March 2025.
Deals on record (5 of 19)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2025 | Secondary share transfer | Undisclosed | Buyer: Niveda Management Services Private Limited , 2 individuals Seller: Antordaya Commercial and Holdings Private Limited , an individual |
| Feb 2022 | Funding round | ₹109.7 Cr | Investors: Dharampal Satyapal Limited , Sidhant Real Estate Developers and Services Private Limited , Rangoli Resorts Private Limited |
| Aug 2020 | Funding round | ₹63.63 Cr | Investors: Rational Builders & Developers, DLF Family Office, Antordaya Commercial and Holdings Private Limited |
| Nov 2019 | Funding round | ₹14.5 Cr | Investors: Capital India Finance Limited , Capital India Corp Private Limited |
| Oct 2019 | Rights issue | ₹2 Cr | Investors: Capital India Corp Private Limited |
To see the full deal history of Rapipay Fintech 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
Rapipay Fintech Private Limited has 29 court cases on record: 16 filed by Rapipay Fintech, 13 filed against it. 14 cases are pending and 15 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 20 | 12 | 12 |
| High courts | 9 | 1 | 2 |
Cases on record (5 of 29)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Court case (Cri.Rev.App.) | Filed against the company by Axis Bank Ltd Through Poa Mr Vikas Sharma | Pending |
| High Court of Delhi | Court case (CM(M)) | Filed against the company by M/S XP Wallet Technologies Pvt. Ltd. | Pending |
| High Court of Delhi | Court case (O.M.P.(I) (COMM.)) | Filed by the company against Transactree Technologies Private Limited | Disposed |
| District court, Karimnagar, Telangana | Civil suit | Filed against the company | Pending |
| District court, Mohali, Punjab | Civil suit | Filed against the company by an individual | Pending |
To see the full case history of Rapipay Fintech 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
Rapipay Fintech Private Limited has 7 MSME Form 1 returns on record between 2022 and 2024, listing 23 overdue payments to 11 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 11)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Identiwitty Media Private Limited | |||
| an individual supplier | |||
| Satellite Infraservices Private Limited | |||
| Divine Infotech | |||
| an individual supplier |
To see the full MSME payment records of Rapipay Fintech Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Rapipay Fintech has 2 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Kuants Wealth Private Limited | U65100DL2017PTC323719 | |
| Nye Insurance Broking Private Limited | U66020DL2022PTC399400 |
To see the full group structure of Rapipay Fintech Private Limited, buy the company report.
Employees & EPFO
Rapipay Fintech Private Limited has a workforce of 848 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
Rapipay Fintech has 12 GST registrations: 9 active and 3 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AADCV0020H1ZU | Delhi | Active | 01 Jul 2017 |
| 09AADCV0020H1ZQ | Uttar Pradesh | Active | 30 Jul 2019 |
| 29AADCV0020H1ZO | Karnataka | Active | 15 Dec 2020 |
| 19AADCV0020H1ZP | West Bengal | Active | 29 Dec 2020 |
To see the full GST registrations and return filing status of Rapipay Fintech Private Limited, buy the company report.
Recent activity
Rapipay Fintech Private Limited has 26 board changes on record since 2010: 7 appointments and 19 cessations. The latest: Deepak Vaswan ceased to be Director on 31 Dec 2023.
62 earlier events are in the company report.
Frequently asked questions
Rapipay Fintech is an active private limited company based in New Delhi, Delhi, India. The company works in online payment gateways, within the financial services industry. It was incorporated on 06 April 2009 (17+ years old) and is registered under CIN U72200DL2009PTC189149.
Rapipay Fintech has 7 current directors and KMP:
- Yogendra Singh Kashyap - Managing Director
- Deepak Vaswan - Whole-Time Director
- Keshav Porwal - Director
- Yogendra Pal Singh - Director
- Rashmi Fauzdar - Director
- Vinod Somani - Director
- Nipun Jain - Ceo
The latest financial statements of Rapipay Fintech on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 04 July 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Rapipay Fintech is 07AADCV0020H1ZU, registered in Delhi. The company has 12 GST registrations in all, of which 9 are active and 3 are cancelled or inactive. Other active GSTINs include 09AADCV0020H1ZQ (Uttar Pradesh), 29AADCV0020H1ZO (Karnataka), 19AADCV0020H1ZP (West Bengal).
The CIN (Corporate Identification Number) of Rapipay Fintech is U72200DL2009PTC189149. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Rapipay Fintech has 29 court cases on record: 16 filed by the company and 13 filed against it. 14 are pending. Most are in the district courts.
Rapipay Fintech was incorporated on 06 April 2009, making it 17+ years old. It is registered with the Registrar of Companies, Delhi.
Rapipay Fintech has 19 deals on record (10 secondary share transfers, 5 funding rounds, 2 rights issues), with disclosed funding of ₹199.53 Cr; the latest was in March 2025.
The peers of Rapipay Fintech by revenue are Cashfree Payments India Private Limited, Niyogin Fintech Limited, Zaak Epayment Services Private Limited, all in the BFSI industry (Fintech, Payment Gateways), with the same principal business activity (other financial activities).
Deepak Vaswan ceased to be Director on 31 Dec 2023. Rashmi Fauzdar ceased to be Additional Director on 18 Jun 2023. Rashmi Fauzdar was appointed as Director on 25 Apr 2023. Rapipay Fintech has 26 board changes on record in total.
Rapipay Fintech has 7 MSME Form 1 returns on record between 2022 and 2024, listing 23 overdue payments to 11 micro and small suppliers. The latest return was filed on 29 Apr 2024.
Rapipay Fintech can be reached through the website in.rapipay.com. Its registered office is in New Delhi, Delhi, India.