About Techprocess Payment Services Limited
Data last updated:
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 14 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. Its 10 peer companies in the BFSI industry (Payment Solution Providers) are compared by revenue, 5 larger and 5 smaller; the largest is Oye Messenger Limited.
The last known website on record is techprocess.co.in.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressBuilding No. 1 2nd Floor Mehra Estate Lbs Marg Vikhroli (W), Mumbai, Maharashtra, India – 400079
- IndustryFinancial Services, Digital Payment 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
- One PDF report, delivered after checkout
Business Activity of Techprocess Payment Services Limited
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 | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service 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 Techprocess Payment Services Limited FY 2017 filings available
Techprocess Payment Services Limited reported revenue of ₹172.33 Cr (up 29% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR) of Techprocess Payment Services Limited
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 of Techprocess Payment Services Limited
| 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 of Techprocess Payment Services Limited
| 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 | •••• | •••• | •••• |
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 Techprocess Payment Services 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 Techprocess Payment Services Limited
Techprocess Payment Services 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 |
|---|---|---|---|---|---|---|
| Oye Messenger Limited | •••• | •••• | •••• | •••• | - | Navi Mumbai, Maharashtra, India |
| Network People Services Technologies Limited Listed | •••• | •••• | •••• | •••• | 318 | Thane, Maharashtra, India |
| Levelnext Ideas Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Skilworth Technologies Private Limited | •••• | •••• | •••• | •••• | 249 | Chennai, Tamil Nadu, India |
| India Transact Services Limited | •••• | •••• | •••• | •••• | 46 | Mumbai, Maharashtra, India |
| Techprocess Payment Services Limited this company | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| NTT Data Payment Services India Private Limited | •••• | •••• | •••• | •••• | 368 | Goregaon East, Maharashtra, India |
| Iserveu Technology Private Limited | •••• | •••• | •••• | •••• | 416 | Bhubaneswar, Orissa, India |
| Npci Bharat Billpay Limited | •••• | •••• | •••• | •••• | 233 | Mumbai, Maharashtra, India |
| Vsoft Technologies Private Limited | •••• | •••• | •••• | •••• | 275 | Serilingampally, Telangana, India |
| I Money Pay Private Limited | •••• | •••• | •••• | •••• | - | Delhi, India |
Peers are the five companies nearest above and the five nearest below Techprocess Payment Services 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 Techprocess Payment Services Limited
Techprocess Payment Services Limited is audited by N M RAIJI & CO for the financial year 2017.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| N M RAIJI & CO | 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 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 7 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 7 Months | As last reported |
| Anand Ramachandran Also directs: Kach Tech Private Limited | Director | 20 Feb 2017 | 9 Years 7 Months | As last reported |
| Kumar Manohar Karpe Also directs: Kach Tech Private Limited | Whole-Time Director | 18 Nov 2011 | 14 Years 10 Months | As last reported |
| Sunith Menon | Director | 20 Feb 2017 | 9 Years 7 Months | As last reported |
Ownership and Shareholding of Techprocess Payment Services 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 Techprocess Payment Services Limited
Techprocess Payment Services Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding of Techprocess Payment Services Limited
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 |
Full deal history
All 9 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.
Legal Cases of Techprocess Payment Services Limited
Techprocess Payment Services Limited has 25 court cases on record: 9 filed by Techprocess Payment Services, 14 filed against it, 2 where it is another party. 1 case is pending and 24 are disposed. Status as checked between 28 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 18 | 11 | 1 |
| District courts | 7 | 3 | 0 |
Cases on record (5 of 25)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South, Delhi | Civil suit | Filed against the company by Traders Private Limited | Disposed |
| District court, Hyderabad CCC, Telangana | Criminal complaint | Filed against the company by Kedia Infotech Limited | Disposed |
| Bombay High Court | Arbitration matter | Filed against the company by Rajdhani Textiles Private Limited | Disposed |
| Bombay High Court | Interim or miscellaneous application | Filed against the company by Rajdhani Textiles Private Limited | Disposed |
| Bombay High Court | Arbitration matter | Filed by the company against Rajdhani Textiles Private Limited | Disposed |
Full case history
All 25 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Associated Brands with Techprocess Payment Services Limited
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 |
Employees and EPFO Compliance at Techprocess Payment Services Limited
Techprocess Payment Services Limited has a workforce of 404 employees as of Apr 07, 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.
Name History of Techprocess Payment Services Limited
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 |
News related to Techprocess Payment Services Limited
Recent Activity on Techprocess Payment Services Limited
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 listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Techprocess Payment Services 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 Techprocess Payment Services 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 Techprocess Payment Services 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 Techprocess Payment Services Limited
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 |
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 Techprocess Payment Services 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 Techprocess Payment Services Limited
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.
Techprocess Payment Services reported revenue of ₹172.33 Cr for FY 2017 (up 29% YoY).
Techprocess Payment Services has an authorised share capital of ₹75.07 Cr and a paid-up capital of ₹29.7 Cr.
Techprocess Payment Services reported a net profit of ₹12.11 Cr (net margin 7%) and EBITDA of ₹22.56 Cr (EBITDA margin 13.1%) for FY 2017, as per its filed financial statements.
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.