About Sbi Payment Services Private Limited
Data last updated: 06 February 2026
Sbi Payment Services Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of State Bank Of India. It specialises in digital payment solutions, a part of the broader financial services sector. Incorporated on 12 February 2010, the company has been in operation for over 16 years.
Registered with ROC Mumbai under CIN U67100MH2010PTC200030.
Capital: an authorised share capital of ₹100 Cr and a paid-up capital of ₹6.08 Cr. It is led by directors including Sumil Chandrakant Vikamsey and Nitin Chugh.
Last AGM: 25 September 2025. Financial statements filed for year ended 31 March 2025. Office: Ganpatrao Kadam Marg Opposite Peninsula Business Park, Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹2,236.45 Cr, a growth of 47% compared to the previous year.
The company has a workforce of approximately 264 employees as per the latest available data. It operates as a subsidiary of State Bank Of India.
The company is associated with 1 brand - Sbi Payment Services. As per MCA filings, the company has open charges of ₹239.24 Cr and satisfied charges of ₹47.5 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 sbipayments.com.
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Registered Address23Rd Floor Urmi Estate 95, Ganpatrao Kadam Marg Opposite Peninsula Business Park Lower Parel West, Mumbai, Maharashtra, India – 400013
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IndustryFinancial Services, Digital Payment Solutions
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Associated Brands with Sbi Payment Services Private Limited
Sbi Payment Services Private Limited operates one associated brand: SBI Payment Services. These brands represent Sbi Payment Services Private Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Payment processing solutions are offered to merchants and businesses. | sbipayments.com |
Competitors & Alternatives of Sbi Payment Services Private Limited
Brands and companies operating in the same space as Sbi Payment Services Private Limited include Stripe, Razorpay, PayU and 6 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
Stripe
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Payment processing and card issuance solutions are provided for businesses. | San Francisco, United States, United States | 2009 |
Razorpay
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Payment and business banking solutions are provided for enterprises. | Bengaluru, India, India | 2014 |
PayU
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Online payment processing and credit solutions are provided for businesses. | Amsterdam, Netherlands, Netherlands | 2002 |
Flutterwave
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Provider of payment processing solutions for businesses | San Francisco, United States, United States | 2016 |
Mintoak
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Digital payments and engagement solutions are offered for MSMEs. | Mumbai, India, India | 2017 |
Pine Labs
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Omnichannel payment solutions, loyalty programs, and business tools are provided. | Noida, India, India | 1998 |
HighRadius
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Autonomous finance and payment solutions are provided to businesses. | Houston, United States, United States | 2006 |
ACI Worldwide
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Digital payments are processed and managed via specialized solutions. | Omaha, United States, United States | 1975 |
Airpay
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An integrated omnichannel platform for financial services is provided. | Mumbai, India, India | 2012 |
Business Activity of Sbi Payment Services Private Limited
Sbi Payment Services Private Limited is engaged in the principal business activity of support service to organizations, with detailed activities including other support services to organizations.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| N | Support service to Organizations | N7 | Other support services to organizations | Locked |
Business activity turnover details for Sbi Payment Services Private Limited
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Sbi Payment Services Private Limited
Sbi Payment Services Private Limited is audited by A P Sanzgiri & Co for the financial year 2023. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| A P Sanzgiri & Co | Locked | Locked | Locked |
Complete auditor history for Sbi Payment Services Private Limited
Appointment status, appointment dates, cessation dates, and historical auditor changes require an active report plan.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
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Board of Directors and KMP of Sbi Payment Services Private Limited
Sbi Payment Services Private Limited currently reports 9 directors and 1 key managerial person. 30 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sumil Chandrakant Vikamsey | Nominee Director | 19 Jan 2019 | 7 Years 6 Months | Current |
| Nitin Chugh | Nominee Director | 10 Jun 2022 | 4 Years 1 Months | Current |
| Sanjay Dattatraya Panse | Director | 16 Jan 2023 | 3 Years 6 Months | Current |
|
Atul Srivastava
Also directs:
Sbicap Securities Limited, Sbi Factors Limited, Sbi General Insurance Company Limited and 2 more
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Nominee Director | 01 Oct 2025 | 0 Years 9 Months | Current |
| Mittal Himat Bhanushali | Company Secretary | 30 Jan 2025 | 1 Years 5 Months | Current |
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Ashwini Kumar Tewari
Also directs:
Sbicap Securities Limited, Sbi Cards And Payment Services Limited, Sbi Life Insurance Company Limited and 5 more
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Nominee Director | 11 Jan 2024 | 2 Years 6 Months | Current |
Financials of Sbi Payment Services Private Limited FY 2025 filings available
Sbi Payment Services Private Limited reported revenue of ₹2,236.45 Cr (up 47.00% YoY) for FY 2025.
Ten-year financial statements for Sbi Payment Services Private Limited
Historical statement values and trend charts require an active report plan.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Sbi Payment Services Private Limited
Shareholding and ownership data for Sbi Payment Services Private Limited
Promoter, institutional, public, and beneficial ownership values require an active report plan.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Sbi Payment Services Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 08 Sep 2025 | State Bank of India | ₹47.5 Cr | Open |
| 05 Jun 2025 | State Bank of India | ₹47.5 Cr | Open |
| 10 Jan 2025 | State Bank of India | ₹47.5 Cr | Open |
| 31 Dec 2024 | State Bank of India | ₹79 Lakh | Open |
| 30 Oct 2024 | State Bank of India | ₹95.95 Cr | Open |
Total charge records: 6 View all charges
Employees and EPFO Compliance at Sbi Payment Services Private Limited
Sbi Payment Services Private Limited has a workforce of 264 employees as of Oct 22, 2024.
Employee and EPFO history for Sbi Payment Services Private Limited
Monthly headcount, contribution history, establishment records, and filing compliance require an active report plan.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
GST Compliance of Sbi Payment Services Private Limited
GST registrations and filing compliance for Sbi Payment Services Private Limited
State-wise registrations, return filing status, HSN and SAC details, and jurisdiction records require an active report plan.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
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Credit Ratings, Litigation & Regulatory Alerts for Sbi Payment Services Private Limited
Credit ratings, litigation, and regulatory alerts for Sbi Payment Services Private Limited
Agency ratings, court records, regulatory events, and entity-specific compliance alerts require an active report plan.
- 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 Sbi Payment Services Private Limited
MSME payment history for Sbi Payment Services Private Limited
Amounts outstanding to micro and small suppliers, delay reasons, and MSME-1 filing history require an active report plan.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
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Subsidiaries & Group Companies of Sbi Payment Services Private Limited
Corporate group structure for Sbi Payment Services Private Limited
Parent, subsidiary, associate, joint venture, and ownership records require an active report plan.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
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MCA Filings & Documents of Sbi Payment Services Private Limited
MCA filings and documents for Sbi Payment Services Private Limited
Official forms, annual returns, financial statements, charge filings, and document dates require an active report plan.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Recent Activity on Sbi Payment Services Private Limited
Frequently Asked Questions about Sbi Payment Services Private Limited
Sbi Payment Services Private Limited is an active private limited company in the financial services sector based in Mumbai, Maharashtra, India. It was incorporated on 12 February 2010 (16+ years old) and is registered under CIN U67100MH2010PTC200030. The company has 264 employees.
Sbi Payment Services Private Limited reported revenue of ₹2,236.45 Cr for FY 2025 (up 47.00% YoY).
The current directors and KMP of Sbi Payment Services Private Limited are:
- Sumil Chandrakant Vikamsey - Nominee Director
- Nitin Chugh - Nominee Director
- Sanjay Dattatraya Panse - Director
- Atul Srivastava - Nominee Director
- Mittal Himat Bhanushali - Company Secretary
- Ashwini Kumar Tewari - Nominee Director
- Sujay Kumar Yadav - Managing Director
- Sharad Sharma - Director
- Ganesh Natarajan - Director
- Anuj Khosla - Nominee Director
The primary industry of Sbi Payment Services Private Limited is financial services. The company specifically operates in digital payment solutions. The company is currently active in this sector.
Sbi Payment Services Private Limited can be reached at the registered office: 23Rd Floor Urmi Estate 95, Ganpatrao Kadam Marg Opposite Peninsula Business Park Lower Parel West, Mumbai, Maharashtra, India – 400013, or through the website sbipayments.com.
The authorised capital is ₹100 Cr, and the paid-up capital is ₹6.08 Cr.