About Techprocess Payment Services Limited
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Techprocess Payment Services Limited was a public limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Ingenico E-Commerce Solutions Sprl. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the digital payment solutions segment of the financial services sector. It was incorporated on 08 September 2000.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2000PLC128611. Its GSTIN is 27AABCB5216D1Z6 (Maharashtra). The company held 8 GST registrations, of which 1 is active.
The company had an authorised share capital of ₹75.07 Cr and a paid-up capital of ₹29.7 Cr. It was formerly known as Techprocess Solutions Limited and Billjunction Payments Limited. It was led by directors including Kumar Manohar Karpe (Whole-Time Director) and Narayanan Agaram Seetharaman.
Its last annual general meeting (AGM) was held on 30 June 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office was at Building No. 1 2nd Floor Mehra Estate Lbs Marg Vikhroli (W), Mumbai, Maharashtra, India – 400079.
As per the financials filed for FY 2017, the company reported a revenue of ₹172.33 Cr, a growth of 29% compared to the previous year. For the same year it recorded a net profit of ₹12.11 Cr (net margin 7%) and EBITDA of ₹22.56 Cr (EBITDA margin 13.1%).
The company had about 404 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: TechProcess Payment Services. Court records list 25 cases involving the company, including 9 filed by the company and 16 filed against it; 1 case is pending. The company has 9 deals on record (7 secondary share transfers, 2 funding rounds), with disclosed funding of ₹53.11 Cr; the latest was in March 2017.
The last known website on record is techprocess.co.in.
Company details
Name history
Techprocess Payment Services has undergone 3 name changes throughout its history. The company was previously known as Techprocess Solutions Limited, Billjunction Payments Limited, and Techprocess Payment Services Private Limited. The current legal name is Techprocess Payment Services Limited.
| Company Name | Status |
|---|---|
| Techprocess Payment Services Limited | Current |
| Techprocess Solutions Limited | Previous |
| Billjunction Payments Limited | Previous |
| Techprocess Payment Services Private Limited | Previous |
Contact details
Techprocess Payment Services Limited's registered office is in Mumbai, Maharashtra. Its website is techprocess.co.in. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered AddressBuilding No. 1 2nd Floor Mehra Estate Lbs Marg Vikhroli (W), Mumbai, Maharashtra, India – 400079
- IndustryFinancial Services, Digital Payment Solutions
To see the full contact details of Techprocess Payment Services Limited, buy the company report.
- 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
Brands
Techprocess Payment Services operates one associated brand: TechProcess Payment Services. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Online payment processing solutions are offered for multiple industries. | techprocess.co.in |
Business activity
The main business activity of Techprocess Payment Services is information and communication. In detail, this covers other information & communication service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Techprocess Payment Services Limited, buy the company report.
Financials of Techprocess Payment Services Limited
FY 2017 filings availableTechprocess Payment Services Limited reported revenue of ₹172.33 Cr (up 29% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue rose 29% in the latest year. EBITDA rose 18% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹172.33 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹22.56 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹12.11 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 13.1% | ||
| Net Profit Margin | 7% | ||
| 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 Techprocess Payment Services Limited, buy the company report.
Board of directors of Techprocess Payment Services Limited
Techprocess Payment Services has 5 current directors and 24 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Narayanan Agaram Seetharaman | Director | 20 Feb 2017 | 9 Years 8 Months | As last reported |
| Radha Binod Barman Also directs: Ticker Limited, 63Sats Cybertech Limited, Sarvatra Technologies Private Limited and 1 more | Director | 22 Feb 2011 | 15 Years 8 Months | As last reported |
| Anand Ramachandran Also directs: Kach Tech Private Limited | Director | 20 Feb 2017 | 9 Years 8 Months | As last reported |
| Kumar Manohar Karpe Also directs: Kach Tech Private Limited | Whole-Time Director | 18 Nov 2011 | 14 Years 11 Months | As last reported |
| Sunith Menon | Director | 20 Feb 2017 | 9 Years 8 Months | As last reported |
Auditor
Techprocess Payment Services Limited is audited by N M RAIJI & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| N M RAIJI & CO | FY 2017 | 108296W |
Shareholding
The shareholding of Techprocess Payment Services Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Techprocess Payment Services Limited, buy the company report.
Deals & funding
Techprocess Payment Services Limited has 9 deals on record (7 secondary share transfers, 2 funding rounds), with disclosed funding of ₹53.11 Cr; the latest was in March 2017.
Deals on record (5 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2016 | Secondary share transfer | Undisclosed | Buyer: Icici Venture, Private Opportunity Lp Seller: Tp Partners, an individual |
| May 2012 | Secondary share transfer | Undisclosed | Buyer: Icici Venture, Tp Partners Seller: Tp Hold Co Limited, 2 individuals |
| Jul 2011 | Secondary share transfer | Undisclosed | Buyer: New Vernon Private Equity, Icici Venture Seller: Tp Hold Co Limited, 3 individuals |
| Feb 2009 | Secondary share transfer | Undisclosed | Seller: 4 individuals |
| Jun 2008 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
To see the full deal history of Techprocess Payment Services Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Techprocess Payment Services Limited has 25 court cases on record: 9 filed by Techprocess Payment Services, 16 filed against it. 1 case is pending and 24 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 18 | 11 | 1 |
| District courts | 7 | 5 | 0 |
Cases on record (5 of 25)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South, Delhi | Civil suit | Filed against the company by Ms B.S. Mega Traders (P) Ltd. | Disposed |
| District court, Hyderabad CCC, Telangana | Criminal complaint | Filed against the company by Kedia Infotech Ltd | Disposed |
| Bombay High Court | Interim or miscellaneous application | Filed against the company by Rajdhani Textiles Pvt. Ltd. | Disposed |
| Bombay High Court | Arbitration matter | Filed against the company by Rajdhani Textiles Pvt. Ltd. | Disposed |
| Bombay High Court | Arbitration matter | Filed by the company against Rajdhani Textiles Pvt. Ltd. | Disposed |
To see the full case history of Techprocess Payment Services Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Techprocess Payment Services Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Techprocess Payment Services Limited has a workforce of 404 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Techprocess Payment Services has 8 GST registrations: 1 active and 7 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCB5216D1Z6 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Techprocess Payment Services Limited, buy the company report.
Recent activity
Techprocess Payment Services Limited has 27 board changes on record since 2007: 5 appointments and 22 cessations. The latest: Narayanan Agaram Seetharaman ceased to be Nominee Director on 30 Jun 2017.
18 earlier events are in the company report.
News
Frequently asked questions
Techprocess Payment Services has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Techprocess Payment Services was a public limited company based in Mumbai, Maharashtra, India. The company worked in digital payment solutions, within the financial services industry. It was incorporated on 08 September 2000 and is registered under CIN U74999MH2000PLC128611. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Techprocess Payment Services was incorporated on 08 September 2000. It is registered with the Registrar of Companies, Mumbai.
Techprocess Payment Services had 5 directors:
- Kumar Manohar Karpe - Whole-Time Director
- Narayanan Agaram Seetharaman - Director
- Radha Binod Barman - Director
- Anand Ramachandran - Director
- Sunith Menon - Director
The CIN (Corporate Identification Number) of Techprocess Payment Services is U74999MH2000PLC128611. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Techprocess Payment Services is at Building No. 1 2nd Floor Mehra Estate Lbs Marg Vikhroli W, Mumbai, Maharashtra, India – 400079.
Techprocess Payment Services can be reached through the website techprocess.co.in. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Techprocess Payment Services on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 30 June 2017. Year-wise statements from 2015 are in the company report.
The GSTIN of Techprocess Payment Services is 27AABCB5216D1Z6, registered in Maharashtra. The company has 8 GST registrations in all, of which 1 is active and 7 are cancelled or inactive.
Techprocess Payment Services operated in the financial services industry, in the digital payment solutions segment.
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