MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-KR-03-0076848
Simple Payments Private Limited
Simple Payments Private Limited - financial services in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹2.88 Lakh
▼ 28% YoY
Net loss · FY 2024
₹2,867
Net margin -1%
EBITDA · FY 2024
₹60,850
EBITDA margin 21.1%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
6 yrs
Est. 2020
Directors on board
2
As per MCA filings
Active GSTINs
1
GST registered
About Simple Payments Private Limited
Data last updated:
Simple Payments Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the online payment gateways segment of the financial services sector. It was incorporated on 10 November 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74999KA2020PTC140878. Its GSTIN is 29ABECS8734K1ZO (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Aurang Baig and Thanudi Balaraj Nithesh.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at No.131 Second Floor 6th C Main Road 4th Block Jayanagar Bangalore Karnataka, Karnataka, India – 560011.
As per the financials filed for FY 2024, the company reported a revenue of ₹2.88 Lakh, a decline of 28% compared to the previous year. For the same year it recorded a net loss of ₹2,867 (net margin -1%) and EBITDA of ₹60,850 (EBITDA margin 21.1%).
The company is associated with 1 brand: Simple Payments.
Simple Payments Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0076848).
Company details
CIN U74999KA2020PTC140878
Registration Number 140878
Incorporation Date 10 November 2020
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0076848
Recognitions & Rankings of Simple Payments
Contact details
Simple Payments Private Limited's registered office is in Bangalore, Karnataka. Its e-mail address is in the company report.
- Email
- Registered AddressNo.131 Second Floor 6th C Main Road 4th Block Jayanagar Bangalore Karnataka, Karnataka, India – 560011
- IndustryFinancial Services, Online Payment Gateways
To see the full contact details of Simple Payments Private Limited, buy the company report.
Comprehensive company report
Simple Payments 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Simple Payments operates one associated brand: Simple Payments. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Delivers comprehensive online payment solutions tailored for businesses. | simplepayments.in |
Business activity
The main business activity of Simple Payments is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Simple Payments Private Limited, buy the company report.
Financials of Simple Payments Private Limited
FY 2024 filings availableSimple Payments Private Limited reported revenue of ₹2.88 Lakh (down 28% YoY) for FY 2024.
Revenue · FY 2024
₹2.88 Lakh ▼ 28%
Net loss · FY 2024
₹2,867 margin -1%
EBITDA · FY 2024
₹60,850 margin 21.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 28%
EBITDA CAGR growth
1 year
▼ 12%
3 years · compounded
▲ 33%
Revenue fell 28% in the latest year. EBITDA fell 12% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ||||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹60,850 | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹2,867 | |||
| 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 21.1% | |||
| Net Profit Margin | -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 | ||||
To see the full financial statements and ratios of Simple Payments Private Limited, buy the company report.
Board of directors of Simple Payments Private Limited
Simple Payments has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Aurang Baig Also directs: Poltergeist Pay Technologies Private Limited | Additional Director | 28 Mar 2024 | 2 Years 6 Months | Current |
| Thanudi Balaraj Nithesh Also directs: Shreesainik Consulting Private Limited | Additional Director | 12 Dec 2024 | 1 Years 10 Months | Current |
Legal cases
No court or tribunal cases involving Simple Payments 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
No delayed payments to MSME suppliers are on our record for Simple Payments Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Simple Payments Private Limited has 1 active EPFO establishment as of Apr 07, 2024.
Active EPFO establishments
1
GST
Simple Payments has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29ABECS8734K1ZO | Karnataka | Active | 24 Nov 2020 |
To see the full GST registrations and return filing status of Simple Payments Private Limited, buy the company report.
Recent activity
Simple Payments Private Limited has 7 board changes on record since 2024: 3 appointments and 4 cessations. The latest: Thanudi Balaraj Nithesh was appointed as Additional Director on 12 Dec 2024.
Appointed
Thanudi Balaraj Nithesh was appointed as Additional Director.
AGM
Simple Payments Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Ceased
Shwetan Sandeep Deshpande ceased to be Additional Director.
Filing
Simple Payments Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Ceased
Bhuvana Sudhakar Rao ceased to be Director.
Ceased
Ekambaram Santhoshkumar ceased to be Director.
Ceased
Pramod Anche Prahlad ceased to be Director.
Appointed
Aurang Baig was appointed as Additional Director.
Appointed
Ekambaram Santhoshkumar was appointed as Manager.
Incorporation
10 Nov 2020
Simple Payments Private Limited was registered on 10 Nov 2020 with Roc Bangalore & aged 5 years 11 months as per MCA records.
Frequently asked questions
Simple Payments is an active private limited company based in Bangalore, Karnataka, India. The company works in online payment gateways, within the financial services industry. It was incorporated on 10 November 2020 (6+ years old) and is registered under CIN U74999KA2020PTC140878.
Simple Payments has 2 current directors:
- Aurang Baig - Additional Director
- Thanudi Balaraj Nithesh - Additional Director
The latest financial statements of Simple Payments on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2021 are in the company report.
The GSTIN of Simple Payments is 29ABECS8734K1ZO, registered in Karnataka.
The CIN (Corporate Identification Number) of Simple Payments is U74999KA2020PTC140878. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Simple Payments was incorporated on 10 November 2020, making it 6+ years old. It is registered with the Registrar of Companies, Bangalore.
Thanudi Balaraj Nithesh was appointed as Additional Director on 12 Dec 2024. Shwetan Sandeep Deshpande ceased to be Additional Director on 30 Sep 2024. Bhuvana Sudhakar Rao ceased to be Director on 29 Mar 2024. Simple Payments has 7 board changes on record in total.
Yes, Simple Payments is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-03-0076848).
The registered office of Simple Payments is at No.131 Second Floor 6th C Main Road 4th Block Jayanagar Bangalore Karnataka, Karnataka, India – 560011.
Simple Payments operates in the financial services industry, in the online payment gateways segment.