About Simplified Financial Solutions Private Limited
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Simplified Financial Solutions Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 23 November 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U67190MH2004PTC149652. Its GSTIN is 27AAICS5474P1ZH (Maharashtra).
The company has 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.
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 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. For the same year it recorded a net profit of ₹64.4 Lakh (net margin 3.1%) and EBITDA of ₹1.23 Cr (EBITDA margin 5.9%). Revenue has grown at a compounded annual rate (CAGR) of 18% over three years and 49% over five years.
The company has about 25 employees on its provident fund (EPFO) records.
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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- TelephoneLocked
- Website
- Social Media
- Registered AddressC – 308 Kanakia Zillion Lbs Marg BKC Annexe Kurla West, Mumbai, Maharashtra, India – 400070
- IndustryFinancial Services, Diversified Financial Services
- 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
- One PDF report, delivered after checkout
Business Activity of Simplified Financial Solutions Private Limited
The main business activities of Simplified Financial Solutions are information and communication and financial and insurance service. In detail, this covers publishing of computer operating systems, system software, application software, games, etc. and other financial activities. 2 activity segments are registered with the MCA.
| 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
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Simplified Financial Solutions Private Limited FY 2024 filings available
Simplified Financial Solutions Private Limited reported revenue of ₹20.87 Cr (down 3% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR) of Simplified Financial Solutions Private Limited
Revenue fell 3% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 49%. EBITDA fell 46% 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 Simplified Financial Solutions Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| 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 | ₹1.23 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹64.4 Lakh | •••• | •••• | •••• | •••• |
| 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 Simplified Financial Solutions Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 3.1% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
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 Simplified Financial Solutions are in the company report.
Financial statements from 2015
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.
Peer Comparison of Simplified Financial Solutions Private Limited
Simplified Financial Solutions Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Payment Solution Providers). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Vgamaa Services Private Limited | •••• | •••• | •••• | •••• | 10 | Karnal, Haryana, India |
| Goodluck Technologies Private Limited | •••• | •••• | •••• | •••• | 51 | New Delhi, Delhi, India |
| Bhoopalam Marketing Services Private Limited | •••• | •••• | •••• | •••• | - | Shimoga, Karnataka, India |
| Rechapi Private Limited | •••• | •••• | •••• | •••• | - | Hazaribag, Jharkhand, India |
| Tata Payments Limited | •••• | •••• | •••• | •••• | 50 | Mumbai, Maharashtra, India |
| Simplified Financial Solutions Private Limited this company | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Airwaave Teleservices Private Limited | •••• | •••• | •••• | •••• | - | Bengaluru, Karnataka, India |
| Just Click Karo Services Private Limited | •••• | •••• | •••• | •••• | 44 | Delhi, India |
| QPS Solutions Private Limited | •••• | •••• | •••• | •••• | - | Ahmedabad, Gujarat, India |
| Payadda Services Private Limited | •••• | •••• | •••• | •••• | - | Kolkata, West Bengal, India |
| Novopay Retail Solutions Private Limited | •••• | •••• | •••• | •••• | 42 | Bangalore South, Karnataka, India |
Peers are the five companies nearest above and the five nearest below Simplified Financial Solutions by revenue in the BFSI industry (Payment Solution Providers), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
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.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| KAUSHAL MANISH AND COMPANY | 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 Simplified Financial Solutions Private Limited
Simplified Financial Solutions has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sanjay Gaitonde Madhukar Also directs: Ignite Platforms LLP, 1Pay Mobileware Private Limited | Director | 12 Jun 2006 | 20 Years 3 Months | Current |
| Mrudula Sanjay Gaitonde Also directs: Shisan Consulting LLP | Director | 03 Nov 2011 | 14 Years 11 Months | Current |
| Sanjiv Harshad Shah Also directs: Ignite Platforms LLP, 1Pay Mobileware Private Limited, Onefin Technology Solutions Private Limited and 1 more | Director | 10 Jan 2017 | 9 Years 8 Months | Current |
Ownership and Shareholding of Simplified Financial 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 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
Employment history and EPFO contributions of people linked to Simplified Financial Solutions.
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.
Recent Activity on Simplified Financial Solutions Private Limited
Simplified Financial Solutions Private Limited has 5 board changes on record since 2006: 3 appointments and 2 cessations. The latest: Sanjiv Harshad Shah ceased to be Additional Director on 27 Sep 2017.
Credit Ratings, Litigation & Regulatory Alerts for Simplified Financial 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 Simplified Financial 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 Simplified Financial 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 Simplified Financial Solutions Private Limited
Simplified Financial Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAICS5474P1ZH | Maharashtra | Active | 01 Jul 2017 |
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 Simplified Financial 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 Simplified Financial Solutions Private Limited
Simplified Financial Solutions is an active private limited company based in Mumbai, Maharashtra, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 23 November 2004 (22+ years old) and is registered under CIN U67190MH2004PTC149652.
Simplified Financial Solutions reported revenue of ₹20.87 Cr for FY 2023 (down 3% YoY).
Simplified Financial Solutions has 3 current directors:
- Sanjay Gaitonde Madhukar - Director
- Mrudula Sanjay Gaitonde - Director
- Sanjiv Harshad Shah - Director
Simplified Financial Solutions reported a net profit of ₹64.4 Lakh (net margin 3.1%) and EBITDA of ₹1.23 Cr (EBITDA margin 5.9%) for FY 2023, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Simplified Financial Solutions is 18% over three years and 49% over five years. In the latest year (FY 2023) revenue fell 3%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Simplified Financial Solutions is 27AAICS5474P1ZH, registered in Maharashtra.
The CIN (Corporate Identification Number) of Simplified Financial Solutions is U67190MH2004PTC149652. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Simplified Financial Solutions was incorporated on 23 November 2004, making it 22+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Simplified Financial Solutions by revenue are Vgamaa Services Private Limited, Goodluck Technologies Private Limited, Bhoopalam Marketing Services Private Limited, Rechapi Private Limited, Tata Payments Limited and 5 more, all in the BFSI industry (Payment Solution Providers).
Sanjiv Harshad Shah ceased to be Additional Director on 27 Sep 2017. Sanjiv Harshad Shah was appointed as Director on 10 Jan 2017. Nirad Dhirajlal Mehta ceased to be Director on 27 Dec 2016. Simplified Financial Solutions has 5 board changes on record in total.
Simplified Financial Solutions can be reached through the website 1pay.in. Its registered office is in Mumbai, Maharashtra, India.