MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-DL-02-0035954
S.Ipay Technology Private Limited - information technology in Delhi, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹28.65 Cr
▲ 582% YoY
Net profit · FY 2024
₹1.43 Cr
Net margin 5%
EBITDA · FY 2024
₹2.34 Cr
EBITDA margin 8.2%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹9.2 Lakh
Issued & subscribed
Company age
4 yrs
Est. 2022
Employees · EPFO
48
Provident fund records
Directors on board
2
As per MCA filings
About S.Ipay Technology Private Limited
Data last updated:
S.Ipay Technology Private Limited is a private limited company based in Delhi, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 28 September 2022.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U72200DL2022PTC405229. Its GSTIN is 07ABJCS4874R1ZA (Delhi). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹9.2 Lakh. It is led by directors Raman Garg and Kajal Garg.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at C – 3 Radhey Puri D – 51 Near Jain Mandir Delhi – 110051, Delhi, India – 110051.
As per the financials filed for FY 2024, the company reported a revenue of ₹28.65 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹1.43 Cr (net margin 5%) and EBITDA of ₹2.34 Cr (EBITDA margin 8.2%).
The company has about 48 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Ipay Smart. The company has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹8.2 Lakh; the latest was in March 2023. Its 10 peer companies in the same principal business activity (publishing of computer operating systems, system software, application software, games, etc.) are compared by revenue, 5 larger and 5 smaller; the largest is Chelsio Communications Private Limited with revenue of ₹29.06 Cr.
S.Ipay Technology Private Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-DL-02-0035954). For more details, the company can be reached via its website ipaysmart.ai.
Company details
CIN U72200DL2022PTC405229
Registration Number 405229
Incorporation Date 28 September 2022
ROC Delhi
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
MSME Classification MSME
Udyam Registration UDYAM-DL-02-0035954
Key People
Raman Garg Director Kajal Garg Director Recognitions & Rankings of S.Ipay Technology
Contact details
S.Ipay Technology Private Limited's registered office is in Delhi, Delhi. Its website is ipaysmart.ai. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressC – 3 Radhey Puri D – 51 Near Jain Mandir Delhi – 110051, Delhi, India – 110051
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of S.Ipay Technology Private Limited, buy the company report.
Comprehensive company report
S.Ipay Technology 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
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Secure checkout · GST invoice included
Brands
S.Ipay Technology operates one associated brand: Ipay Smart. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| AI-enabled bill payment solutions for businesses | ipaysmart.ai |
Business activity
The main business activity of S.Ipay Technology is information and communication. In detail, this covers publishing of computer operating systems, system software, application software, games, etc..
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J2 | Publishing of computer operating systems, system software, application software, games, etc. |
To see the full business activity and turnover split of S.Ipay Technology Private Limited, buy the company report.
Financials of S.Ipay Technology Private Limited
FY 2025 filings availableS.Ipay Technology Private Limited reported revenue of ₹28.65 Cr (up 582% YoY) for FY 2024.
Revenue · FY 2024
₹28.65 Cr ▲ 582%
Net profit · FY 2024
₹1.43 Cr margin 5%
EBITDA · FY 2024
₹2.34 Cr margin 8.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 582%
EBITDA CAGR growth
1 year
▲ 164%
Revenue rose 582% in the latest year. EBITDA rose 164% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2023-24 | FY 2022-23 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ₹28.65 Cr | |
| Other Income | ||
| Total Revenue | ||
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | ₹2.34 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | ₹1.43 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
| Metrics | FY 2023-24 | FY 2022-23 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 8.2% | |
| Net Profit Margin | 5% | |
| 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 S.Ipay Technology Private Limited, buy the company report.
Board of directors of S.Ipay Technology Private Limited
S.Ipay Technology has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Raman Garg Also directs: India.Igreentree.Ai Private Limited, Sew.Ai Private Limited, Bridgewater Consulting India Private Limited and 5 more | Director | 28 Sep 2022 | 4 Years 0 Months | Current |
| Kajal Garg Also directs: India.Igreentree.Ai Private Limited, Sew.Ai Private Limited, Bridgewater Consulting India Private Limited and 5 more | Director | 28 Sep 2022 | 4 Years 0 Months | Current |
Peer comparison
S.Ipay Technology Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (publishing of computer operating systems, system software, application software, games, etc.), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Chelsio Communications Private Limited | ₹29.06 Cr (FY 2024) | -5.0% | Bangalore, Karnataka, India | |||
| Doctus Software Solutions Private Limited | ₹29.04 Cr (FY 2024) | 9.0% | Hyderabad, Telangana, India | |||
| CGNX Networks Private Limited | ₹29.01 Cr (FY 2021) | 141.0% | Bangalore, Karnataka, India | |||
| Iliosdigital Private Limited | ₹28.82 Cr (FY 2025) | 396.0% | Chennai, Tamil Nadu, India | |||
| Nightingale IT Ecomm Private Limited | ₹28.77 Cr (FY 2017) | New Delhi, Delhi, India | ||||
| S.Ipay Technology Private Limitedthis company | ₹28.65 Cr (FY 2024) | ₹1.43 Cr | 5% | 582.0% | 48 | Delhi, India |
| Lafiny Technologies Private Limited | ₹28.45 Cr (FY 2024) | -16.0% | Bangalore, Karnataka, India | |||
| Idis Securitatem Solutiones Private Limited | ₹28.45 Cr (FY 2024) | 179.0% | New Delhi, Delhi, India | |||
| Aapna Infotheek Private Limited | ₹28.42 Cr (FY 2025) | 8.0% | New Delhi, Delhi, India | |||
| Riskilla Software Technologies Private Limited | ₹28.38 Cr (FY 2025) | -30.0% | Bangalore, Karnataka, India | |||
| Finoux Solutions Private Limited | ₹28.37 Cr (FY 2025) | 8.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of S.Ipay Technology Private Limited, buy the company report.
Auditor
S.Ipay Technology Private Limited is audited by ADITYA KAUSHIK & ASSOCIATES for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ADITYA KAUSHIK & ASSOCIATES | FY 2024 | 024018N |
Shareholding
The shareholding of S.Ipay Technology Private Limited is on record for 2 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of S.Ipay Technology Private Limited, buy the company report.
Deals & funding
S.Ipay Technology Private Limited has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹8.2 Lakh; the latest was in March 2023.
Total deals
2
Funding round
1
Secondary share transfer
1
Disclosed funding
₹8.2 Lakh
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2023 | Secondary share transfer | Undisclosed | Buyer: Ipay Smart LLC & Kajal Garg, Ipay Smart Llc Seller: 2 individuals |
| Dec 2022 | Funding round | ₹8.2 Lakh | Investors: Ipay Smart Llc |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving S.Ipay Technology 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 S.Ipay Technology Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
S.Ipay Technology Private Limited has a workforce of 48 employees on its EPFO records as of Oct 09, 2025, across 1 active EPFO establishment.
Employee count
48
Active EPFO establishments
1
Employee growth
33.33%
GST
S.Ipay Technology has 3 GST registrations: 3 active.
Total GSTINs
3
Active
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07ABJCS4874R1ZA | Delhi | Active | 08 Oct 2022 |
| 09ABJCS4874R1Z6 | Uttar Pradesh | Active | 30 Jul 2023 |
| 09ABJCS4874R2Z5 | Uttar Pradesh | Active | 09 Nov 2023 |
To see the full GST registrations and return filing status of S.Ipay Technology Private Limited, buy the company report.
Recent activity
S.Ipay Technology Private Limited has 2 board changes on record since 2022: 2 appointments. The latest: Kajal Garg was appointed as Director on 28 Sep 2022.
AGM
S.Ipay Technology Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
S.Ipay Technology Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Delhi I.
Appointed
Kajal Garg was appointed as Director.
Appointed
Raman Garg was appointed as Director.
Incorporation
28 Sep 2022
S.Ipay Technology Private Limited was registered on 28 Sep 2022 with Roc Delhi I & aged 4 years 29 days as per MCA records.
Frequently asked questions
S.Ipay Technology is an active private limited company based in Delhi, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 28 September 2022 (4+ years old) and is registered under CIN U72200DL2022PTC405229.
S.Ipay Technology has 2 current directors:
- Raman Garg - Director
- Kajal Garg - Director
The latest financial statements of S.Ipay Technology on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2023 are in the company report.
The GSTIN of S.Ipay Technology is 07ABJCS4874R1ZA, registered in Delhi. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 09ABJCS4874R1Z6 (Uttar Pradesh), 09ABJCS4874R2Z5 (Uttar Pradesh).
The CIN (Corporate Identification Number) of S.Ipay Technology is U72200DL2022PTC405229. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
S.Ipay Technology was incorporated on 28 September 2022, making it 4+ years old. It is registered with the Registrar of Companies, Delhi.
S.Ipay Technology has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹8.2 Lakh; the latest was in March 2023.
The peers of S.Ipay Technology by revenue are Chelsio Communications Private Limited, Doctus Software Solutions Private Limited, CGNX Networks Private Limited, Iliosdigital Private Limited, Nightingale IT Ecomm Private Limited and 5 more, all in the same principal business activity (publishing of computer operating systems, system software, application software, games, etc.).
Kajal Garg was appointed as Director on 28 Sep 2022. Raman Garg was appointed as Director on 28 Sep 2022.
Yes, S.Ipay Technology is registered as an MSME under Udyam registration (number: UDYAM-DL-02-0035954).
S.Ipay Technology can be reached through the website ipaysmart.ai. Its registered office is in Delhi, India.