About Jio Payment Solutions Limited
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Jio Payment Solutions Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Reliance Industrial Investments And Holdings Limited. It operates in the online payment gateways segment of the financial services sector. It was incorporated on 07 September 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U65923MH2007PLC173923. Its GSTIN is 27AADCR7144Q1ZQ (Maharashtra). The company holds 72 GST registrations, of which 64 are active.
The company has an authorised share capital of ₹306 Cr and a paid-up capital of ₹275.8 Cr. It was formerly known as Reliance Retail Travel & Forex Services Limited. It is led by directors including Rama Vedashree and Bimal Manu Tanna.
Its last annual general meeting (AGM) was held on 05 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 2025, the company reported a revenue of ₹72.91 Cr, a growth of 7% compared to the previous year. For the same year it recorded a net loss of ₹38.22 Cr (net margin -52.4%) and EBITDA of -₹28.98 Cr (EBITDA margin -39.8%). Revenue has grown at a compounded annual rate (CAGR) of 23% over three years and 30% over five years.
The company has about 73 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: JioPay. As per MCA filings, the company has satisfied charges of ₹76.12 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website jiopay.com.
Company details
CIN history
Jio Payment Solutions has one previous CIN (Corporate Identification Number): U63040MH2007PLC173923. The current CIN is U65923MH2007PLC173923, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65923MH2007PLC173923 | Current |
| U63040MH2007PLC173923 | Previous |
Contact details
Jio Payment Solutions Limited's registered office is in Mumbai, Maharashtra. Its website is jiopay.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address1st Floor Building 4Na Maker Maxity, Bandra Kurla Complex Road, Mumbai, Maharashtra, India – 400051
- IndustryFinancial Services, Online Payment Gateways
To see the full contact details of Jio Payment Solutions 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
Jio Payment Solutions operates one associated brand: JioPay. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Digital payment acceptance solution for businesses | jiopay.com |
Business activity
The main business activity of Jio Payment Solutions 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 Jio Payment Solutions Limited, buy the company report.
Financials of Jio Payment Solutions Limited
FY 2025 filings availableJio Payment Solutions Limited reported revenue of ₹72.91 Cr (up 7% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 30% over five years, including 7% growth in the latest year. EBITDA rose 27% 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 | -₹28.98 Cr | ||||
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| Net Profit (PAT) | -₹38.22 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 | -39.8% | ||||
| Net Profit Margin | -52.4% | ||||
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To see the full financial statements and ratios of Jio Payment Solutions Limited, buy the company report.
Board of directors and KMP of Jio Payment Solutions Limited
Jio Payment Solutions Limited currently reports 3 directors and 1 key managerial person. 27 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rama Vedashree | Director | 11 Jan 2024 | 2 Years 9 Months | Current |
| Puthuaizthumadam Hariharan Kashinathan Also directs: Jio Payments Bank Limited | Ceo | 17 Apr 2024 | 2 Years 6 Months | Current |
| Bimal Manu Tanna | Director | 29 Aug 2023 | 3 Years 2 Months | Current |
| Hitesh Kumar Sethia Also directs: Jio Financial Services Limited, Jio Leasing Services Limited, Jio Credit Limited and 5 more | Director | 29 Aug 2023 | 3 Years 2 Months | Current |
Peer comparison
Jio Payment Solutions Limited is compared with the 4 companies closest to it by revenue in the BFSI industry (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 |
|---|---|---|---|---|---|---|
| Adyen India Technology Services Private Limited | ₹147.51 Cr (FY 2025) | 9.0% | Mumbai, Maharashtra, India | |||
| Jio Payment Solutions Limitedthis company | ₹72.91 Cr (FY 2025) | -₹38.22 Cr | -52.4% | 7.0% | Mumbai, Maharashtra, India | |
| Paymark Payment Technologies & Services Private Limited | ₹65.6 Cr (FY 2022) | 432.0% | Kolkata, West Bengal, India | |||
| Accelyst Solutions Private Limited | ₹57.23 Cr (FY 2020) | 235.0% | Mumbai, Maharashtra, India | |||
| 1Pay Mobileware Private Limited | ₹56.05 Cr (FY 2024) | 120.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Jio Payment Solutions Limited, buy the company report.
Auditor
Jio Payment Solutions Limited is audited by CHATURVEDI & SHAH LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| CHATURVEDI & SHAH LLP | FY 2023 | 101720W/W100355 |
Shareholding
The shareholding of Jio Payment Solutions 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 Jio Payment Solutions Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 May 2016 | 100029915 | Others | ₹76.12 Cr | Satisfied |
To see the full charge records of Jio Payment Solutions Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Jio Payment Solutions 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 Jio Payment Solutions Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Jio Payment Solutions has 72 GST registrations: 64 active and 8 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCR7144Q1ZQ | Maharashtra | Active | 01 Jul 2017 |
| 27AADCR7144Q2ZP | Maharashtra | Active | 06 Jul 2017 |
| 27AADCR7144Q1C1 | Maharashtra | Active | 21 Nov 2018 |
| 02AADCR7144Q1Z2 | Himachal Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Jio Payment Solutions Limited, buy the company report.
Recent activity
Jio Payment Solutions Limited has 27 board changes on record since 2007: 4 appointments and 23 cessations. The latest: Puthuaizthumadam Hariharan Kashinathan was appointed as CEO on 17 Apr 2024.
21 earlier events are in the company report.
News
Frequently asked questions
Jio Payment Solutions is an active public limited company based in Mumbai, Maharashtra, India. The company works in online payment gateways, within the financial services industry. It was incorporated on 07 September 2007 (19+ years old) and is registered under CIN U65923MH2007PLC173923.
Jio Payment Solutions has 4 current directors and KMP:
- Rama Vedashree - Director
- Bimal Manu Tanna - Director
- Hitesh Kumar Sethia - Director
- Puthuaizthumadam Hariharan Kashinathan - Ceo
The latest financial statements of Jio Payment Solutions on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 05 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Jio Payment Solutions is 27AADCR7144Q1ZQ, registered in Maharashtra. The company has 72 GST registrations in all, of which 64 are active and 8 are cancelled or inactive. Other active GSTINs include 27AADCR7144Q2ZP (Maharashtra), 27AADCR7144Q1C1 (Maharashtra), 02AADCR7144Q1Z2 (Himachal Pradesh).
The CIN (Corporate Identification Number) of Jio Payment Solutions is U65923MH2007PLC173923. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Jio Payment Solutions was incorporated on 07 September 2007, making it 19+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Jio Payment Solutions by revenue are Adyen India Technology Services Private Limited, Paymark Payment Technologies & Services Private Limited, Accelyst Solutions Private Limited, 1Pay Mobileware Private Limited, all in the BFSI industry (Payment Gateways), with the same principal business activity (other financial activities).
Puthuaizthumadam Hariharan Kashinathan was appointed as CEO on 17 Apr 2024. Puthuaizthumadam Hariharan Kashinathan ceased to be Additional Director on 17 Apr 2024. Bimal Manu Tanna ceased to be Additional Director on 01 Feb 2024. Jio Payment Solutions has 27 board changes on record in total.
Jio Payment Solutions can be reached through the website jiopay.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Jio Payment Solutions is at 1st Floor Building 4Na Maker Maxity, Bandra Kurla Complex Road, Mumbai, Maharashtra, India – 400051.
Jio Payment Solutions operates in the financial services industry, in the online payment gateways segment.
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