About Sbi Payment Services Private Limited
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Sbi Payment Services Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of State Bank Of India. It operates in the digital payment solutions segment of the financial services sector. It was incorporated on 12 February 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U67100MH2010PTC200030. Its GSTIN is 27AAOCS2720E1ZF (Maharashtra).
The company has an authorised share capital of ₹100 Cr and a paid-up capital of ₹6.08 Cr. It is led by directors including Sujay Kumar Yadav (Managing Director) and Sanjay Dattatraya Panse.
Its last annual general meeting (AGM) was held on 25 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 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. For the same year it recorded a net profit of ₹138.9 Cr (net margin 6.2%) and EBITDA of ₹253.01 Cr (EBITDA margin 11.3%). Revenue has grown at a compounded annual rate (CAGR) of 25% over three years and 11% over five years.
The company has about 264 employees on its provident fund (EPFO) records.
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. Court records list 1 case involving the company, including 1 filed by the company; 1 case is pending. The company has 3 deals on record (2 funding rounds, 1 rights issue), with disclosed funding of ₹1,554.59 Cr; the latest was in January 2019. The company has 2 MSME Form 1 returns on record for the period ending Sep 2019, listing 6 overdue payments to 2 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 sbipayments.com.
Company details
Contact details
Sbi Payment Services Private Limited's registered office is in Mumbai, Maharashtra. Its website is sbipayments.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address23rd Floor Urmi Estate 95, Ganpatrao Kadam Marg Opposite Peninsula Business Park Lower Parel West, Mumbai, Maharashtra, India – 400013
- IndustryFinancial Services, Digital Payment Solutions
To see the full contact details of Sbi Payment Services 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
Sbi Payment Services operates one associated brand: SBI Payment Services. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Payment processing solutions are offered to merchants and businesses. | sbipayments.com |
Business activity
The main business activity of Sbi Payment Services 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 Sbi Payment Services Private Limited, buy the company report.
Financials of Sbi Payment Services Private Limited
FY 2025 filings availableSbi Payment Services Private Limited reported revenue of ₹2,236.45 Cr (up 47% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 11% over five years, including 47% growth in the latest year. EBITDA rose 23% 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 | ₹253.01 Cr | ||||
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| Net Profit (PAT) | ₹138.9 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 11.3% | ||||
| Net Profit Margin | 6.2% | ||||
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To see the full financial statements and ratios of Sbi Payment Services Private Limited, buy the company report.
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 9 Months | Current |
| Nitin Chugh Also directs: Perfios Software Solutions Private Limited | Nominee Director | 10 Jun 2022 | 4 Years 4 Months | Current |
| Sanjay Dattatraya Panse | Director | 16 Jan 2023 | 3 Years 9 Months | Current |
| Atul Srivastava Also directs: Sbicap Securities Limited, Sbi Factors Limited, Sbi General Insurance Company Limited and 2 more | Nominee Director | 01 Oct 2025 | 1 Years 0 Months | Current |
| Mittal Himat Bhanushali | Company Secretary | 30 Jan 2025 | 1 Years 8 Months | Current |
| Ashwini Kumar Tewari Also directs: Sbicap Securities Limited, Sbi Cards and Payment Services Limited, Sbi Life Insurance Company Limited and 5 more | Nominee Director | 11 Jan 2024 | 2 Years 9 Months | Current |
Auditor
Sbi Payment Services Private Limited is audited by A P Sanzgiri & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A P Sanzgiri & Co | FY 2023 | 116293W |
Shareholding
The shareholding of Sbi Payment Services Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Sbi Payment Services Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 Sep 2025 | 101162832 | State Bank of India | ₹47.5 Cr | Open | |
| 05 Jun 2025 | 101109852 | State Bank of India | ₹47.5 Cr | Open | |
| 10 Jan 2025 | 101038951 | State Bank of India | ₹47.5 Cr | Open | |
| 31 Dec 2024 | 101032726 | State Bank of India | ₹79 Lakh | Open | |
| 30 Oct 2024 | 101003352 | State Bank of India | ₹95.95 Cr | Open |
To see the full charge records of Sbi Payment Services Private Limited, buy the company report.
Total charge records: 6 View all charges
Deals & funding
Sbi Payment Services Private Limited has 3 deals on record (2 funding rounds, 1 rights issue), with disclosed funding of ₹1,554.59 Cr; the latest was in January 2019.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2019 | Funding round | ₹1,552.6 Cr | Investors: Hitachi Payment Services Private Limited |
| Aug 2018 | Rights issue | ₹2.5 Cr | Investors: State Bank Of India |
| Dec 2010 | Funding round | ₹1.99 Cr | Investors: State Bank Of India |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Sbi Payment Services Private Limited has 1 court case on record: 1 filed by Sbi Payment Services. All case is pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Writ petition | Filed by the company against Deputy Commissioner of Income Tax, Circle 3( and 4 others | Pending |
To see the full case history of Sbi Payment Services 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.
Credit ratings & regulatory alerts
Sbi Payment Services Private Limited was last rated by Care on 16 Dec 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 16 Dec 2021 |
To see the full credit ratings and regulatory alerts of Sbi Payment Services Private Limited, buy the company report.
MSME payment delays
Sbi Payment Services Private Limited has 2 MSME Form 1 returns on record for the period ending Sep 2019, listing 6 overdue payments to 2 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 (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Sbi Payment Services Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Sbi Payment Services Private Limited has a workforce of 264 employees on its EPFO records as of Oct 22, 2024, across 1 active EPFO establishment.
GST
Sbi Payment Services has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAOCS2720E1ZF | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Sbi Payment Services Private Limited, buy the company report.
Recent activity
Sbi Payment Services Private Limited has 66 board changes on record since 2010: 38 appointments and 28 cessations. The latest: Atul Srivastava was appointed as Nominee Director on 01 Oct 2025.
65 earlier events are in the company report.
News
Frequently asked questions
Sbi Payment Services is an active private limited company based in Mumbai, Maharashtra, India. The company works in digital payment solutions, within the financial services industry. It was incorporated on 12 February 2010 (16+ years old) and is registered under CIN U67100MH2010PTC200030.
Sbi Payment Services has 10 current directors and KMP:
- Sujay Kumar Yadav - Managing Director
- Sumil Chandrakant Vikamsey - Nominee Director
- Nitin Chugh - Nominee Director
- Sanjay Dattatraya Panse - Director
- Atul Srivastava - Nominee Director
- Ashwini Kumar Tewari - Nominee Director
- Sharad Sharma - Director
- Ganesh Natarajan - Director
- Anuj Khosla - Nominee Director
- Mittal Himat Bhanushali - Company Secretary
The latest financial statements of Sbi Payment Services on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 25 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Sbi Payment Services is 27AAOCS2720E1ZF, registered in Maharashtra.
The CIN (Corporate Identification Number) of Sbi Payment Services is U67100MH2010PTC200030. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sbi Payment Services has 1 court case on record: 1 filed by the company. 1 is pending.
Sbi Payment Services was incorporated on 12 February 2010, making it 16+ years old. It is registered with the Registrar of Companies, Mumbai.
Sbi Payment Services has 3 deals on record (2 funding rounds, 1 rights issue), with disclosed funding of ₹1,554.59 Cr; the latest was in January 2019.
Atul Srivastava was appointed as Nominee Director on 01 Oct 2025. Debangshu Munshi ceased to be Nominee Director on 30 Sep 2025. Mittal Himat Bhanushali was appointed as Company Secretary on 30 Jan 2025. Sbi Payment Services has 66 board changes on record in total.
Sbi Payment Services has 2 MSME Form 1 returns on record for the period ending Sep 2019, listing 6 overdue payments to 2 micro and small suppliers. The latest return was filed on 30 Oct 2019.
Sbi Payment Services can be reached through the website sbipayments.com. Its registered office is in Mumbai, Maharashtra, India.