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Sec2pay India E-Services Private Limited - financial services in Aurangabad, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹2.78 Cr
▼ 34% YoY
Net loss · FY 2025
₹91.72 Lakh
Net margin -33%
EBITDA · FY 2025
-₹24.65 Lakh
EBITDA margin -8.9%
Authorised capital
₹25 Lakh
Registered with MCA
Paid-up capital
₹20 Lakh
Issued & subscribed
Company age
9 yrs
Est. 2017
Employees · EPFO
44
Provident fund records
Directors on board
2
As per MCA filings
About Sec2pay India E-Services Private Limited
Data last updated:
Sec2pay India E-Services Private Limited is a private limited company based in Aurangabad, Maharashtra, India, recognised as a startup by DPIIT. It operates in the digital payment solutions segment of the financial services sector. It was incorporated on 21 August 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2017PTC298799. Its GSTIN is 27AAZCS1071P1ZF (Maharashtra).
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹20 Lakh. It is led by directors Ajeet Ashok Dhapate and Amit Purushottam Tiwari.
Its last annual general meeting (AGM) was held on 28 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Office No. 103 Nirmal Prakash Apartment Opp. Fire Brigad – Station Road, Aurangabad, Maharashtra, India – 431001.
As per the financials filed for FY 2025, the company reported a revenue of ₹2.78 Cr, a decline of 34% compared to the previous year. For the same year it recorded a net loss of ₹91.72 Lakh (net margin -33%) and EBITDA of -₹24.65 Lakh (EBITDA margin -8.9%). Revenue has grown at a compounded annual rate (CAGR) of 7% over three years and 108% over five years.
The company has about 44 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Se2pay India.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website sec2payindia.com.
Company details
CIN U74999MH2017PTC298799
Registration Number 298799
Incorporation Date 21 August 2017
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 28 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
Recognitions & Rankings of Sec2pay India E-Services
Contact details
Sec2pay India E-Services Private Limited's registered office is in Aurangabad, Maharashtra. Its website is sec2payindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressOffice No. 103 Nirmal Prakash Apartment Opp. Fire Brigad – Station Road, Aurangabad, Maharashtra, India – 431001
- IndustryFinancial Services, Digital Payment Solutions
To see the full contact details of Sec2pay India E-Services Private Limited, buy the company report.
Comprehensive company report
Sec2pay India E-Services Private Limited - one report that includes everything
- 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
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Brands
Sec2pay India E-Services operates one associated brand: SE2PAY INDIA. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides B2B platforms for financial services like recharge, insurance, and compliance tools. | sec2payindia.com |
Business activity
The main business activity of Sec2pay India E-Services is information and communication. In detail, this covers other information & communication service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Sec2pay India E-Services Private Limited, buy the company report.
Financials of Sec2pay India E-Services Private Limited
FY 2024 filings availableSec2pay India E-Services Private Limited reported revenue of ₹2.78 Cr (down 34% YoY) for FY 2025.
Revenue · FY 2025
₹2.78 Cr ▼ 34%
Net loss · FY 2025
₹91.72 Lakh margin -33%
EBITDA · FY 2025
-₹24.65 Lakh margin -8.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 34%
3 years · compounded
▼ 7%
5 years · compounded
▲ 108%
EBITDA CAGR growth
1 year
▲ 78%
3 years · compounded
▼ 63%
5 years · compounded
▼ 55%
Revenue fell 34% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 108%. EBITDA rose 78% 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 | -₹24.65 Lakh | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | -₹91.72 Lakh | ||||
| Balance Sheet | |||||
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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 | -8.9% | ||||
| Net Profit Margin | -33% | ||||
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To see the full financial statements and ratios of Sec2pay India E-Services Private Limited, buy the company report.
Board of directors of Sec2pay India E-Services Private Limited
Sec2pay India E-Services has 2 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ajeet Ashok Dhapate Also directs: Zion Commerce Private Limited, Indiconnect Paytech Private Limited, Indinxt Fintech Private Limited and 2 more | Director | 10 Oct 2020 | 6 Years 0 Months | Current |
| Amit Purushottam Tiwari Also directs: Zion Commerce Private Limited, Indiconnect Paytech Private Limited, Finjoy Technologies Private Limited and 5 more | Director | 06 Feb 2019 | 7 Years 8 Months | Current |
Auditor
Sec2pay India E-Services Private Limited is audited by SPD & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SPD & ASSOCIATES | FY 2023 | 139118W |
Shareholding
The shareholding of Sec2pay India E-Services 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 Sec2pay India E-Services Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Sec2pay India E-Services Private 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
Sec2pay India E-Services Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 1 overdue payment to 1 micro and small supplier. 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 (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier |
To see the full MSME payment records of Sec2pay India E-Services Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Sec2pay India E-Services Private Limited has a workforce of 44 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
Employee count
44
Active EPFO establishments
1
GST
Sec2pay India E-Services has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAZCS1071P1ZF | Maharashtra | Active | 07 Oct 2017 |
To see the full GST registrations and return filing status of Sec2pay India E-Services Private Limited, buy the company report.
Recent activity
Sec2pay India E-Services Private Limited has 10 board changes on record since 2018: 3 appointments and 7 cessations. The latest: Shankar Shahu Bhore was appointed as CEO on 15 Apr 2024.
AGM
Sec2Pay India E-Services Private Limited last Annual general meeting of members was held on 28 Sep 2024 as per latest MCA records.
Appointed
Shankar Shahu Bhore was appointed as CEO.
Filing
Sec2Pay India E-Services Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Ceased
Abhinath Manikrao Shinde ceased to be Director.
Appointed
Ajeet Ashok Dhapate was appointed as Director.
Ceased
Anil Keshavrao Ingole ceased to be Director.
Ceased
Amit Purushottam Tiwari ceased to be Additional Director.
Ceased
Shankar Shahu Bhore ceased to be Additional Director.
Ceased
Smita Vishvajeet Thombre ceased to be Additional Director.
Ceased
Ajeet Ashok Dhapate ceased to be Director.
Appointed
Amit Purushottam Tiwari was appointed as Director.
Ceased
Suraj Sahadev Ped ceased to be Additional Director.
1 earlier event is in the company report.
Frequently asked questions
Sec2pay India E-Services is an active private limited company based in Aurangabad, Maharashtra, India. The company works in digital payment solutions, within the financial services industry. It was incorporated on 21 August 2017 (9+ years old) and is registered under CIN U74999MH2017PTC298799.
Sec2pay India E-Services has 2 current directors:
- Ajeet Ashok Dhapate - Director
- Amit Purushottam Tiwari - Director
The latest financial statements of Sec2pay India E-Services on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 28 September 2024. Year-wise statements from FY 2018 are in the company report.
The GSTIN of Sec2pay India E-Services is 27AAZCS1071P1ZF, registered in Maharashtra.
The CIN (Corporate Identification Number) of Sec2pay India E-Services is U74999MH2017PTC298799. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sec2pay India E-Services was incorporated on 21 August 2017, making it 9+ years old. It is registered with the Registrar of Companies, Mumbai.
Shankar Shahu Bhore was appointed as CEO on 15 Apr 2024. Abhinath Manikrao Shinde ceased to be Director on 15 Mar 2024. Ajeet Ashok Dhapate was appointed as Director on 10 Oct 2020. Sec2pay India E-Services has 10 board changes on record in total.
Yes, Sec2pay India E-Services is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Sec2pay India E-Services has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 1 overdue payment to 1 micro and small supplier. The latest return was filed on 19 Apr 2024.
Sec2pay India E-Services can be reached through the website sec2payindia.com. Its registered office is in Aurangabad, Maharashtra, India.
The registered office of Sec2pay India E-Services is at Office No. 103 Nirmal Prakash Apartment Opp. Fire Brigad – Station Road, Aurangabad, Maharashtra, India – 431001.