Right Pay Services Private Limited

Right Pay Services Private Limited - information technology in Noida, Uttar Pradesh, India. FY 2026 financials & compliance.
CIN U72300UP2016PTC077362 Incorporated 18 March 2016 ROC Uttar Pradesh HQ Noida, Uttar Pradesh, India
Active Private Limited Company information technology
Data last updated
Revenue · FY 2020
₹7.88 Lakh
▼ 50% YoY
Net loss · FY 2020
₹32,351
Net margin -4.1%
EBITDA · FY 2020
-₹32,351
EBITDA margin -4.1%
Authorised capital
₹1.05 Cr
Registered with MCA
Paid-up capital
₹5 Lakh
Issued & subscribed
Company age
10 yrs
Est. 2016
Directors on board
3
As per MCA filings
Active GSTINs
2
of 4 registered

About Right Pay Services Private Limited

Data last updated:

Right Pay Services Private Limited is a private limited company based in Noida, Uttar Pradesh, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 18 March 2016 and has been in existence for over 10 years.

The company is registered with the Registrar of Companies (ROC), Uttar Pradesh, under CIN U72300UP2016PTC077362. Its GSTIN is 09AAHCR6857J3ZM (Uttar Pradesh). The company holds 4 GST registrations, of which 2 are active.

The company has an authorised share capital of ₹1.05 Cr and a paid-up capital of ₹5 Lakh. It is led by directors including Manglesh Singh and Satish Chandra Pandey.

Its last annual general meeting (AGM) was held on 31 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at A – 101 Sector – 63 Noida, Uttar Pradesh, India – 201301.

As per the financials filed for FY 2020, the company reported a revenue of ₹7.88 Lakh, a decline of 50% compared to the previous year. For the same year it recorded a net loss of ₹32,351 (net margin -4.1%) and EBITDA of -₹32,351 (EBITDA margin -4.1%). Revenue has grown at a compounded annual rate (CAGR) of 146% over three years.

The company is associated with 1 brand: Rightpay. Court records list 1 case involving the company, including 1 filed against it; 1 case is pending.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website rightpay.in.

Company Details of Right Pay Services Private Limited
CIN U72300UP2016PTC077362
Registration Number 077362
Incorporation Date 18 March 2016
ROC Uttar Pradesh
Listing Status Unlisted
Company Status Active
Date of Last AGM 31 December 2020
Date of Balance Sheet 31 March 2020
Compliance Status Active Compliant
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Social Media
    Locked
  • Registered Address
    A – 101 Sector – 63 Noida, Uttar Pradesh, India – 201301
  • Industry
    Information Technology, Application Development & Software Solutions
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Financials, compliance, directors, charges, ownership and filings for Right Pay Services Private Limited in one report.

Financials from FY 2016 Directors & ownership Charges & compliance

Associated Brands with Right Pay Services Private Limited

Right Pay Services operates one associated brand: Rightpay. Each brand links to its own profile.

BrandDescriptionWebsite
A reliable payment gateway facilitating secure and efficient transactions.rightpay.in

Competitors & Alternatives of Right Pay Services Private Limited

Brands and companies operating in the same space as Right Pay Services Private Limited include Stripe, Razorpay, PayU and 6 more.

CompetitorDescriptionLocationFounded
Stripe Stripe Payment processing and card issuance solutions are provided for businesses.San Francisco, United States2009
Razorpay Razorpay Payment and business banking solutions are provided for enterprises.Bengaluru, India2014
PayU PayU Online payment processing and credit solutions are provided for businesses.Amsterdam, Netherlands2002
Flutterwave Flutterwave Provider of payment processing solutions for businessesSan Francisco, United States2016
Mintoak Mintoak Digital payments and engagement solutions are offered for MSMEs.Mumbai, India2017
Pine Labs Pine Labs Omnichannel payment solutions, loyalty programs, and business tools are provided.Noida, India1998
HighRadius HighRadius Autonomous finance and payment solutions are provided to businesses.Houston, United States2006
ACI Worldwide ACI Worldwide Digital payments are processed and managed via specialized solutions.Omaha, United States1975
Airpay Airpay An integrated omnichannel platform for financial services is provided.Mumbai, India2012

Business Activity of Right Pay Services Private Limited

The main business activity of Right Pay Services is information and communication. In detail, this covers other information & communication service activities.

Main Activity Group CodeDescription of Main ActivityBusiness Activity CodeDescription of Business ActivityTurnover Percentage
JInformation and communicationJ8Other information & communication service activitiesLocked
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Business activity turnover details

Turnover share and past changes in activity are in the company report.

  • Turnover contribution
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Auditor Details of Right Pay Services Private Limited

Right Pay Services Private Limited is audited by ASHISH CHAUBEY & ASSOCAITES for the financial year 2020.

NameStatusAppointment DateCessation Date
ASHISH CHAUBEY & ASSOCAITESLockedLockedLocked
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Board of Directors of Right Pay Services Private Limited

Right Pay Services has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Manglesh SinghDirector03 Dec 20205 Years 10 MonthsCurrent
Satish Chandra PandeyDirector15 Jul 20179 Years 2 MonthsCurrent
Ranjeet Jarnail SinghAdditional Director25 Feb 20224 Years 7 MonthsCurrent

Financials of Right Pay Services Private Limited FY 2020 filings available

Right Pay Services Private Limited reported revenue of ₹7.88 Lakh (down 50% YoY) for FY 2020.

Revenue · FY 2020
₹7.88 Lakh ▼ 50%
Net loss · FY 2020
₹32,351 margin -4.1%
EBITDA · FY 2020
-₹32,351 margin -4.1%

Compounded Annual Growth Rate (CAGR) of Right Pay Services Private Limited

Revenue CAGR growth
1 year
▼ 50%
3 years · compounded
▲ 146%
EBITDA CAGR growth
1 year
▲ 87%
3 years · compounded
▲ 55%

Revenue fell 50% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 146%. EBITDA rose 87% 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 Right Pay Services Private Limited

MetricsFY 2019-20FY 2018-19FY 2017-18FY 2016-17FY 2015-16
Profit and Loss Statement
Revenue from Operations₹7.88 Lakh••••••••••••••••
Other Income••••••••••••••••••••
Total Revenue••••••••••••••••••••
Cost of Materials Consumed••••••••••••••••••••
Employee Benefit Expense••••••••••••••••••••
Finance Costs••••••••••••••••••••
Depreciation and Amortisation••••••••••••••••••••
Other Expenses••••••••••••••••••••
Total Expenses••••••••••••••••••••
EBITDA-₹32,351••••••••••••••••
Profit Before Tax••••••••••••••••••••
Tax Expense••••••••••••••••••••
Net Profit (PAT)-₹32,351••••••••••••••••
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 Right Pay Services Private Limited

MetricsFY 2019-20FY 2018-19FY 2017-18FY 2016-17FY 2015-16
Profitability
EBITDA Margin-4.1%••••••••••••••••
Net Profit Margin-4.1%••••••••••••••••
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 Right Pay Services are in the company report.

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Financial statements from FY 2016

Earlier years and trend charts are in the company report.

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Ownership and Shareholding of Right Pay Services Private Limited

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Charges & Borrowings of Right Pay Services Private Limited

Right Pay Services Private Limited does not have any charges (loans) registered with the Registrar of Companies.

Employees and EPFO Compliance at Right Pay Services Private Limited

Employment history and EPFO contributions of people linked to Right Pay Services.

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Employee and EPFO history

Monthly headcount, contribution history and filing status are in the company report.

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GST Compliance of Right Pay Services Private Limited

Right Pay Services has 4 GST registrations: 2 active and 2 cancelled or inactive.

Total GSTINs
4
Active
2
Cancelled / inactive
2
GSTINStateStatusRegistered on
09AAHCR6857J3ZMUttar PradeshActive13 Apr 2021
07AAHCR6857J1ZSDelhiActive23 Apr 2021
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GST registrations and filing compliance

State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.

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Credit Ratings, Litigation & Regulatory Alerts for Right Pay Services Private Limited

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Credit ratings, litigation, and regulatory alerts

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MSME Payment Delays by Right Pay Services Private Limited

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MSME payment history

Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.

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Subsidiaries & Group Companies of Right Pay Services Private Limited

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MCA Filings & Documents of Right Pay Services Private Limited

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MCA filings and documents

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Recent Activity on Right Pay Services Private Limited

Directors
25 Feb 2022
Ranjeet Jarnail Singh was appointed as a Additional Director on 25 Feb 2022 & has been associated with this company since 4 years 7 months.
Activity
31 Dec 2020
Right Pay Services Private Limited last Annual general meeting of members was held on 31 Dec 2020 as per latest MCA records.
Directors
03 Dec 2020
Manglesh Singh was appointed as a Director on 03 Dec 2020 & has been associated with this company since 5 years 10 months.
Activity
31 Mar 2020
Right Pay Services Private Limited has filed its annual Financial statements for the year ended 31 Mar 2020 with Roc Uttar Pradesh Ii.
Directors
15 Jul 2017
Satish Chandra Pandey was appointed as a Director on 15 Jul 2017 & has been associated with this company since 9 years 2 months.
Activity
18 Mar 2016
Right Pay Services Private Limited was registered on 18 Mar 2016 with Roc Uttar Pradesh Ii & aged 10 years 6 months as per MCA records.

Frequently Asked Questions about Right Pay Services Private Limited

Right Pay Services is an active private limited company based in Noida, Uttar Pradesh, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 18 March 2016 (10+ years old) and is registered under CIN U72300UP2016PTC077362.

Right Pay Services reported revenue of ₹7.88 Lakh for FY 2020 (down 50% YoY).

Right Pay Services has 3 current directors:

Right Pay Services reported a net loss of ₹32,351 (net margin -4.1%) and EBITDA of -₹32,351 (EBITDA margin -4.1%) for FY 2020, as per its filed financial statements.

The compounded annual growth rate (CAGR) of the revenue of Right Pay Services is 146% over three years. In the latest year (FY 2020) revenue fell 50%. CAGR is the steady yearly rate that links the first and the last year.

The GSTIN of Right Pay Services is 09AAHCR6857J3ZM, registered in Uttar Pradesh. The company has 4 GST registrations in all, of which 2 are active and 2 are cancelled or inactive. Other active GSTINs include 07AAHCR6857J1ZS (Delhi).

The CIN (Corporate Identification Number) of Right Pay Services is U72300UP2016PTC077362. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Right Pay Services has 1 court case on record: 1 filed against it. 1 is pending.

Right Pay Services was incorporated on 18 March 2016, making it 10+ years old. It is registered with the Registrar of Companies, Uttar Pradesh.

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