About Simplified Financial Solutions Private Limited
Data last updated: 11 January 2026
Simplified Financial Solutions Private Limited is a private limited company based in Mumbai, Maharashtra, India. It specialises in diversified financial services, a part of the broader financial services sector. Incorporated on 23 November 2004, the company has been in operation for over 22 years.
Registered with ROC Mumbai under CIN U67190MH2004PTC149652.
Capital: an authorised share capital of ₹50 Lakh and a paid-up capital of ₹50 Lakh. It is led by directors including Sanjay Gaitonde Madhukar and Mrudula Sanjay Gaitonde.
Last AGM: 30 September 2024. Financial statements filed for year ended 31 March 2024. Office: C – 308 Kanakia Zillion Lbs Marg Bkc Annexe Kurla West, Mumbai, Maharashtra, India – 400070.
As per the financials filed for FY 2023, the company reported a revenue of ₹20.87 Cr, a decline of 3% compared to the previous year.
The company has a workforce of approximately 25 employees as per the latest available data.
The company is associated with 1 brand - 1Pay. As per MCA filings, the company has open charges of ₹15.4 Cr and satisfied charges of ₹1.38 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website 1pay.in.
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Registered AddressC – 308 Kanakia Zillion Lbs Marg Bkc Annexe Kurla West, Mumbai, Maharashtra, India – 400070
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IndustryFinancial Services, Diversified Financial Services
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Associated Brands with Simplified Financial Solutions Private Limited
Simplified Financial Solutions Private Limited operates one associated brand: 1Pay. These brands represent Simplified Financial Solutions Private Limited's diversified market presence and brand portfolio.
Competitors & Alternatives of Simplified Financial Solutions Private Limited
Brands and companies operating in the same space as Simplified Financial Solutions Private Limited include Stripe, Razorpay, PayU and 6 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
Stripe
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Payment processing and card issuance solutions are provided for businesses. | San Francisco, United States, United States | 2009 |
Razorpay
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Payment and business banking solutions are provided for enterprises. | Bengaluru, India, India | 2014 |
PayU
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Online payment processing and credit solutions are provided for businesses. | Amsterdam, Netherlands, Netherlands | 2002 |
Flutterwave
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Provider of payment processing solutions for businesses | San Francisco, United States, United States | 2016 |
Mintoak
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Digital payments and engagement solutions are offered for MSMEs. | Mumbai, India, India | 2017 |
Pine Labs
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Omnichannel payment solutions, loyalty programs, and business tools are provided. | Noida, India, India | 1998 |
HighRadius
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Autonomous finance and payment solutions are provided to businesses. | Houston, United States, United States | 2006 |
ACI Worldwide
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Digital payments are processed and managed via specialized solutions. | Omaha, United States, United States | 1975 |
Airpay
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An integrated omnichannel platform for financial services is provided. | Mumbai, India, India | 2012 |
Business Activity of Simplified Financial Solutions Private Limited
Simplified Financial Solutions Private Limited is engaged in principal business activities including information and communication and financial and insurance service, with detailed activities including publishing of computer operating systems, system software, application software, games, etc., other financial activities. The company has 2 registered principal business activity segments, demonstrating its operational diversity and market reach.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J2 | Publishing of computer operating systems, system software, application software, games, etc. | Locked |
| K | Financial and insurance Service | K8 | Other financial activities | Locked |
Business activity turnover details for Simplified Financial Solutions Private Limited
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
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Auditor Details of Simplified Financial Solutions Private Limited
Simplified Financial Solutions Private Limited is audited by KAUSHAL MANISH AND COMPANY for the financial year 2022. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| KAUSHAL MANISH AND COMPANY | Locked | Locked | Locked |
Complete auditor history for Simplified Financial Solutions Private Limited
Appointment status, appointment dates, cessation dates, and historical auditor changes require an active report plan.
- Appointment status
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Board of Directors of Simplified Financial Solutions Private Limited
Simplified Financial Solutions Private Limited is currently managed by 3 directors, with 2 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
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Sanjay Gaitonde Madhukar
Also directs:
Ignite Platforms Llp, 1Pay Mobileware Private Limited
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Director | 12 Jun 2006 | 20 Years 2 Months | Current |
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Mrudula Sanjay Gaitonde
Also directs:
Shisan Consulting Llp
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Director | 03 Nov 2011 | 14 Years 9 Months | Current |
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Sanjiv Harshad Shah
Also directs:
Ignite Platforms Llp, 1Pay Mobileware Private Limited, Onefin Technology Solutions Private Limited and 1 more
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Director | 10 Jan 2017 | 9 Years 7 Months | Current |
Financials of Simplified Financial Solutions Private Limited FY 2024 filings available
Simplified Financial Solutions Private Limited reported revenue of ₹20.87 Cr (down 3.00% YoY) for FY 2023.
Ten-year financial statements for Simplified Financial Solutions Private Limited
Historical statement values and trend charts require an active report plan.
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Ownership and Shareholding of Simplified Financial Solutions Private Limited
Shareholding and ownership data for Simplified Financial Solutions Private Limited
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Charges & Borrowings of Simplified Financial Solutions Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 12 Aug 2025 | Others | ₹15.4 Cr | Open |
| 16 Aug 2006 | Kotak Mahindra Bank Limited | ₹1.38 Cr | Satisfied |
Total charge records: 2 View all charges
Employees and EPFO Compliance at Simplified Financial Solutions Private Limited
View historical data on people associated with Simplified Financial Solutions Private Limited, including employment history and EPFO contributions.
Employee and EPFO history for Simplified Financial Solutions Private Limited
Monthly headcount, contribution history, establishment records, and filing compliance require an active report plan.
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GST Compliance of Simplified Financial Solutions Private Limited
GST registrations and filing compliance for Simplified Financial Solutions Private Limited
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Credit Ratings, Litigation & Regulatory Alerts for Simplified Financial Solutions Private Limited
Credit ratings, litigation, and regulatory alerts for Simplified Financial Solutions Private Limited
Agency ratings, court records, regulatory events, and entity-specific compliance alerts require an active report plan.
- Rating history
- Court and tribunal cases
- Regulatory alerts
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MSME Payment Delays by Simplified Financial Solutions Private Limited
MSME payment history for Simplified Financial Solutions Private Limited
Amounts outstanding to micro and small suppliers, delay reasons, and MSME-1 filing history require an active report plan.
- Outstanding amounts
- Delay periods and reasons
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Subsidiaries & Group Companies of Simplified Financial Solutions Private Limited
Corporate group structure for Simplified Financial Solutions Private Limited
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MCA Filings & Documents of Simplified Financial Solutions Private Limited
MCA filings and documents for Simplified Financial Solutions Private Limited
Official forms, annual returns, financial statements, charge filings, and document dates require an active report plan.
- Incorporation documents
- Annual returns and statements
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Recent Activity on Simplified Financial Solutions Private Limited
Frequently Asked Questions about Simplified Financial Solutions Private Limited
Simplified Financial Solutions Private Limited is an active private limited company in the financial services sector based in Mumbai, Maharashtra, India. It was incorporated on 23 November 2004 (22+ years old) and is registered under CIN U67190MH2004PTC149652. The company has 25 employees.
Simplified Financial Solutions Private Limited reported revenue of ₹20.87 Cr for FY 2023 (down 3.00% YoY).
The current directors of Simplified Financial Solutions Private Limited are:
- Sanjay Gaitonde Madhukar - Director
- Mrudula Sanjay Gaitonde - Director
- Sanjiv Harshad Shah - Director
The primary industry of Simplified Financial Solutions Private Limited is financial services. The company specifically operates in diversified financial services. The company is currently active in this sector.
Simplified Financial Solutions Private Limited can be reached at the registered office: C – 308 Kanakia Zillion Lbs Marg Bkc Annexe Kurla West, Mumbai, Maharashtra, India – 400070, or through the website 1pay.in.
The authorised capital is ₹50 Lakh, and the paid-up capital is ₹50 Lakh.