Payvance Innovation Private Limited - Company Profile

It is a financial services private limited company based in Thane, Maharashtra, India, established in 2014.
2014 Thane, Maharashtra, India Active
Last Updated:
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About Payvance Innovation Private Limited

Payvance Innovation Private Limited, a active private limited company, was established on 20 February 2014 in Thane, Maharashtra, India. Engaging in digital payment solutions within the information and communication sector, it holds CIN: U72200MH2014PTC253445. Registered under ROC Roc Mumbai. it is unlisted. It has an authorized capital of ₹1.00 Cr and a paid-up capital of ₹2.50 M.

It upholds a compliant status. Its leadership includes Shrinivas Patil (Additional Director), Srikanthgouda Patil (Additional Director). Past directors included Shrinivas Patil, Srikanthgouda Patil, Devdatta Mahadeo Chandgadkar. Its latest AGM occurred on 30 September 2025, with the balance sheet filed on 31 March 2025. It is based at Office No. 112, 1St Floor, Centrum Business Square,, Road No. 16 Wagale Estate, Panchapakhadi, Thane, Maharashtra, 400604.

Company Details
  • Email
    **********
  • Telephone

    +91-XXXXXXXXXX

  • Website
    **********
  • Social Media
    **********
  • Apps
    **********

Company Details

  • CIN/LLPIN

    U72200MH2014PTC253445

  • Registration Number

    253445

  • Incorporation Date

    20 February 2014

  • Authorized Capital

    ₹1.00 Cr

  • Paid-Up Capital

    ₹2.50 M

  • ROC Code

    Roc Mumbai

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Metrics
  • Authorised Capital ₹ 1.00 Cr
  • Paid Up Capital ₹ 2.50 M
  • Company Age 12 Year, 28 Days
  • Last Filing with ROC 31 Mar 2025
  • Revenue Growth **** 40.28%
  • Profit Growth **** 456.67%
  • Ebitda **** 542.82%
  • Net Worth -14.84%
  • Total Assets -12.50%
Company report

Payvance Innovation Private Limited

Company Report FY 2025-2026

Comprehensive Company Insights

Explore comprehensive insights into Payvance Innovation Private Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Payvance Innovation Private Limited?
Current Directors
Name Designation Appointment Date Status
Shrinivas Patil Additional Director 12 Dec 2025 Current
Srikanthgouda Patil Additional Director 12 Dec 2025 Current
Past Directors
Name Designation Cessation Status
Pramod Abcsdd Additional Director 29 Sep 2024 Past
Pramod Abcsdd Additional Director 29 Sep 2024 Past
Pramod Abcsdd Additional Director 31 Dec 2015 Past
Pramod Abcsdd Director 09 Feb 2024 Past
Pramod Abcsdd Director 13 Feb 2015 Past
Pramod Abcsdd Additional Director - Past

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Financial Performance of Payvance Innovation.

Sil Technologies Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 40.28% increase. The company also saw a substantial improvement in profitability, with a 456.67% increase in profit. The company's net worth observed a substantial decline by a decrease of 14.84%.

Payvance Innovation revenue growth over time
Payvance Innovation profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023) YOY Growth
(FY 2022) (FY 2021) (FY 2020) (FY 2019)
Total Revenue
********
 40.28%
*******
*******
*******
*******
Revenue from Operations
*******
 35.45%
*******
*******
*******
*******
Total Assets
*******
 -12.50%
*******
*******
*******
*******
Profit or Loss
*******
 456.67%
*******
*******
*******
*******
Net Worth
*******
 -14.84%
*******
*******
*******
*******
EBITDA
*******
 542.82%
*******
*******
*******
*******

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What is the Ownership and Shareholding Structure of Payvance Innovation?

Unlock access to Payvance Innovation's control and ownership data, Corporate Shareholding Patterns, Funding (security allotment) details, Foreign Institutional Investor information, Directors and Key Management Personnel (KMP) Remuneration, Group Structure, Overseas Direct Investment and other pertinent data.

Shareholding Pattern (FY 2024)
shareholding
  • Promoters: 92.83%
  • Public: 4.10%
  • Others: 3.07%
Shareholding Pattern over the Year
FY (2024) FY (2023) FY (2022) FY (2021) FY (2020)
Promoters 92.83 94.62 94.55 94.55 94.55
Public 4.10 3.89 3.95 3.96 3.98
Others 3.07 1.49 1.50 1.49 1.47

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How Many Employees Work at Payvance Innovation?

Unlock and access historical data on people associated with Payvance Innovation, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee Date Number of Employees
2020 78,000
2021 80,500
2022 83,200
2023 86,000
2024 89,500
2025 92,000
Deals i
Graph showing company valuation over time

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Rating
Graph displaying rating trends over time

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Alerts
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Latest Updates, News, and FAQs on Payvance Innovation
Recent Activity within the Organization
  • Director Appointment

    The activity Shrinivas Patil was appointed as a Additional Director was appointed as a Additional Director on 12 Dec 2025 & has been associated with this company since 3 months 8 days . was completed.

  • Director Appointment

    Progress on Srikanthgouda Patil was appointed as a Additional Director was appointed as a Additional Director on 12 Dec 2025 & has been associated with this company since 3 months 8 days . was documented.

  • Annual General Meeting

    The activity Payvance Innovation Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records. was completed.

  • Balance Sheet

    Progress on Payvance Innovation Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai. was documented.

  • Company Incorporation

    Progress on Payvance Innovation Private Limited was registered on 20 Feb 2014 with Roc Mumbai & aged 12 years 28 days as per MCA records. was documented.

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Frequently Asked Questions
What is the CIN of Payvance Innovation Private Limited?

The CIN of Payvance Innovation Private Limited is U72200MH2014PTC253445.

Where is Payvance Innovation Private Limited headquartered?

Payvance Innovation Private Limited is headquartered at Office No. 112, 1St Floor, Centrum Business Square,, Road No. 16 Wagale Estate, Panchapakhadi, Thane, Maharashtra, 400604.

When was Payvance Innovation Private Limited incorporated?

Payvance Innovation Private Limited was incorporated on 20 February 2014.

Who are the current directors of Payvance Innovation Private Limited?

The current directors of Payvance Innovation Private Limited are

What is the primary industry of Payvance Innovation Private Limited?

The primary industry of Payvance Innovation Private Limited is Information And Communication.

Is Payvance Innovation Private Limited a listed company?

Payvance Innovation Private Limited is unlisted.

What is the capital structure of Payvance Innovation Private Limited?

The authorized capital of Payvance Innovation Private Limited is ₹1.00 Cr, and the paid-up capital is ₹2.50 M.

What is the compliance status of Payvance Innovation Private Limited?

The compliance status of Payvance Innovation Private Limited is Compliant.

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