Simplepay Solutions Private Limited
About Simplepay Solutions Private Limited
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Simplepay Solutions Private Limited is a private limited company based in Udupi, Karnataka, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 28 July 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74994KA2020PTC136574. Its GSTIN is 29ABECS0685D1Z9 (Karnataka).
The company has an authorised share capital of ₹34 Cr and a paid-up capital of ₹26.57 Cr. It is led by directors Baikadi Narahari and Belavinakodige Madhu Subramanya.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Udayavani Building Manipal, Udupi, Karnataka, India – 576104.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.56 Cr, a growth of 58% compared to the previous year. For the same year it recorded a net loss of ₹28.42 Cr and EBITDA of -₹26.71 Cr. Revenue has grown at a compounded annual rate (CAGR) of 109% over three years.
Its group structure includes 3 subsidiaries.
The company has 4 deals on record (2 funding rounds, 2 rights issues), with disclosed funding of ₹24 Cr; the latest was in June 2022.
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- Registered AddressUdayavani Building Manipal, Udupi, Karnataka, India – 576104
- IndustryInformation Technology, Application Development & Software Solutions
- 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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Financials of Simplepay Solutions Private Limited FY 2025 filings available
Simplepay Solutions Private Limited reported revenue of ₹1.56 Cr (up 58% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Simplepay Solutions Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 109% over three years, including 58% growth in the latest year. EBITDA fell 866% 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 of Simplepay Solutions Private Limited
| Metrics | FY 2024-25 | 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 | -₹26.71 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹28.42 Cr | •••• | •••• | •••• | •••• |
| 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 of Simplepay Solutions Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | •••• | •••• | •••• | •••• | •••• |
| Net Profit Margin | •••• | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Simplepay Solutions are in the company report.
Financial statements from FY 2021
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Auditor Details of Simplepay Solutions Private Limited
Simplepay Solutions Private Limited is audited by Pai Nayak & Associates for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Pai Nayak & Associates | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Simplepay Solutions Private Limited
Simplepay Solutions has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Baikadi Narahari Also directs: Manipal Payment and Identity Solutions Limited | Director | 28 Jul 2020 | 6 Years 2 Months | Current |
| Belavinakodige Madhu Subramanya Also directs: Manipal Thomas Greg Press Private Limited, Canara Security Press Limited, Zeta Infotech Private Limited and 3 more | Director | 28 Jul 2020 | 6 Years 2 Months | Current |
Ownership and Shareholding of Simplepay Solutions Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Simplepay Solutions Private Limited
Simplepay Solutions Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding of Simplepay Solutions Private Limited
Simplepay Solutions Private Limited has 4 deals on record (2 funding rounds, 2 rights issues), with disclosed funding of ₹24 Cr; the latest was in June 2022.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2022 | Funding round | ₹21.88 Cr | Investors: Manipal Technologies Limited , 3 individuals |
| Feb 2022 | Rights issue | ₹3 Cr | Investors: Manipal Media Network Limited , 2 individuals |
| Jan 2022 | Rights issue | ₹1.24 Cr | Investors: Manipal Media Network Limited |
| Aug 2020 | Funding round | ₹2.12 Cr | Investors: Manipal Media Network Limited , 3 individuals |
Full deal history
All 4 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Employees and EPFO Compliance at Simplepay Solutions Private Limited
Simplepay Solutions Private Limited has a workforce of 0 employees as of Apr 06, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Group Structure of Simplepay Solutions Private Limited
Simplepay Solutions has 3 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Simplepay Finance Private Limited | U65990MH1995PTC095527 | Locked |
| Angularity Analytics Private Limited | U72200KA2017PTC099645 | Locked |
| Noovocom Advantages Private Limited | U72900KA2017PTC099305 | Locked |
Showing major subsidiaries. Total: 3.
Recent Activity on Simplepay Solutions Private Limited
Simplepay Solutions Private Limited has 3 board changes on record since 2020: 3 appointments. The latest: Kirthana Nayak Sujir was appointed as Company Secretary on 14 Dec 2024.
Credit Ratings, Litigation & Regulatory Alerts for Simplepay Solutions Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- 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 Simplepay Solutions Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Simplepay Solutions Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Simplepay Solutions Private Limited
Simplepay Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29ABECS0685D1Z9 | Karnataka | Active | 08 Sep 2020 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Simplepay Solutions Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Simplepay Solutions Private Limited
Simplepay Solutions is an active private limited company based in Udupi, Karnataka, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 28 July 2020 (6+ years old) and is registered under CIN U74994KA2020PTC136574.
Simplepay Solutions reported revenue of ₹1.56 Cr for FY 2025 (up 58% YoY).
Simplepay Solutions has 2 current directors:
- Baikadi Narahari - Director
- Belavinakodige Madhu Subramanya - Director
Simplepay Solutions reported a net loss of ₹28.42 Cr and EBITDA of -₹26.71 Cr for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Simplepay Solutions is 109% over three years. In the latest year (FY 2025) revenue rose 58%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Simplepay Solutions is 29ABECS0685D1Z9, registered in Karnataka.
The CIN (Corporate Identification Number) of Simplepay Solutions is U74994KA2020PTC136574. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Simplepay Solutions was incorporated on 28 July 2020, making it 6+ years old. It is registered with the Registrar of Companies, Bangalore.
Simplepay Solutions has 4 deals on record (2 funding rounds, 2 rights issues), with disclosed funding of ₹24 Cr; the latest was in June 2022.
Kirthana Nayak Sujir was appointed as Company Secretary on 14 Dec 2024. Baikadi Narahari was appointed as Director on 28 Jul 2020. Belavinakodige Madhu Subramanya was appointed as Director on 28 Jul 2020.