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Terrapay Solutions India Private Limited - information technology in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹85.87 Cr
▲ 160% YoY
Net profit · FY 2023
₹11.1 Cr
Net margin 12.9%
EBITDA · FY 2023
₹16.36 Cr
EBITDA margin 19%
Authorised capital
₹5 Cr
Registered with MCA
Paid-up capital
₹2.11 Cr
Issued & subscribed
Company age
6 yrs
Est. 2020
Employees · EPFO
384
Provident fund records
Directors on board
3
As per MCA filings
About Terrapay Solutions India Private Limited
Data last updated:
Terrapay Solutions India Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Terra Payment Services (Netherlands) B.V. and recognised as a startup by DPIIT. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 01 April 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74140KA2020PTC133630. Its GSTIN is 29AAHCT8292K1ZH (Karnataka).
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹2.11 Cr. It is led by directors including Saransh Verma (Whole-Time Director) and Vanburn Gomes (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 June 2025, and its latest financial statements are for the year ended 31 December 2024. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2023, the company reported a revenue of ₹85.87 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹11.1 Cr (net margin 12.9%) and EBITDA of ₹16.36 Cr (EBITDA margin 19%).
The company has about 384 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: TerraPay. Court records list 1 case involving the company, including 1 filed by the company. The company has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹2.1 Cr; the latest was in September 2021. Its 10 peer companies in the same principal business activity (Other information & communication service activities) are compared by revenue, 5 larger and 5 smaller; the largest is Kpi Partners India Private Limited with revenue of ₹99.19 Cr.
For more details, the company can be reached via its website terrapay.com.
Company Details of Terrapay Solutions India Private Limited
CIN U74140KA2020PTC133630
Registration Number 133630
Incorporation Date 01 April 2020
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 June 2025
Date of Balance Sheet 31 December 2024
Parent Company Terra Payment Services (Netherlands) B.V.
DPIIT Recognition Recognised Startup
Key People
Saransh Verma Whole-Time Director Vanburn Gomes Whole-Time Director Ganapathy Subramaniam Director Recognitions & Rankings of Terrapay Solutions India
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address12th & 13th Floor, Godrej Centre Hebbal Sahakara Nagar, Bangalore, Karnataka, India – 560092
- IndustryInformation Technology, Application Development & Software Solutions
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Associated Brands with Terrapay Solutions India Private Limited
Terrapay Solutions India operates one associated brand: TerraPay. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Cross-border money transfers are enabled by omnichannel payment solutions. | terrapay.com |
Business Activity of Terrapay Solutions India Private Limited
The main business activity of Terrapay Solutions India 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 |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
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Financials of Terrapay Solutions India Private Limited FY 2024 filings available
Terrapay Solutions India Private Limited reported revenue of ₹85.87 Cr (up 160% YoY) for FY 2023.
Revenue · FY 2023
₹85.87 Cr ▲ 160%
Net profit · FY 2023
₹11.1 Cr margin 12.9%
EBITDA · FY 2023
₹16.36 Cr margin 19%
Compounded Annual Growth Rate (CAGR) of Terrapay Solutions India Private Limited
Revenue CAGR growth
1 year
▲ 160%
EBITDA CAGR growth
1 year
▲ 359%
Revenue rose 160% in the latest year. EBITDA rose 359% in the latest year. All are worked out from the filed statements.
Financial Statement Summary of Terrapay Solutions India Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• |
| Total Revenue | ₹85.87 Cr | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• |
| EBITDA | ₹16.36 Cr | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• |
| Net Profit (PAT) | ₹11.1 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 Terrapay Solutions India Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 19% | •••• | •••• |
| Net Profit Margin | 12.9% | •••• | •••• |
| 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 Terrapay Solutions India are in the company report.
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Financial statements from FY 2021
Earlier years and trend charts are in the company report.
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Board of Directors of Terrapay Solutions India Private Limited
Terrapay Solutions India has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Saransh Verma | Whole-Time Director | 12 Oct 2020 | 6 Years 0 Months | Current |
| Vanburn Gomes | Whole-Time Director | 12 Oct 2020 | 6 Years 0 Months | Current |
| Ganapathy Subramaniam Also directs: Abler Advisory Private Limited | Director | 01 Apr 2020 | 6 Years 6 Months | Current |
Peer Comparison of Terrapay Solutions India Private Limited
Terrapay Solutions India Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Other information & communication service activities). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Kpi Partners India Private Limited | ₹99.19 Cr (FY 2023) | •••• | •••• | 57.0% | •••• | Kolkata, West Bengal, India |
| Anritsu India Private Limited | ₹98.59 Cr (FY 2025) | •••• | •••• | 1.0% | •••• | Bengaluru, Karnataka, India |
| Netprophets Cyberworks Private Limited | ₹98.56 Cr (FY 2025) | •••• | •••• | 24.0% | •••• | New Delhi, Delhi, India |
| Skillwin Technology Private Limited | ₹98.54 Cr (FY 2025) | •••• | •••• | -24.0% | •••• | Delhi, India |
| First Games Technology Private Limited | ₹98.51 Cr (FY 2025) | •••• | •••• | -56.0% | •••• | New Delhi, Delhi, India |
| Healthedge Software Private Limited | ₹98.12 Cr (FY 2025) | •••• | •••• | 4.0% | •••• | Hyderabad, Telangana, India |
| Array Networks India Private Limited | ₹98.01 Cr (FY 2024) | •••• | •••• | 41.0% | •••• | Bangalore, Karnataka, India |
| Cloud Kinetics Technology Solutions Private Limited | ₹97.91 Cr (FY 2025) | •••• | •••• | 17.0% | •••• | Chennai, Tamil Nadu, India |
| Syndigo India Private Limited | ₹97.86 Cr (FY 2025) | •••• | •••• | 5.0% | •••• | Karnataka, India |
| Ani Media Private Limited | ₹97.53 Cr (FY 2025) | •••• | •••• | 10.0% | •••• | New Delhi, Delhi, India |
| Terrapay Solutions India Private Limited this company | ₹85.87 Cr (FY 2023) | •••• | •••• | 160.0% | •••• | Bangalore, Karnataka, India |
Peers are the five companies nearest above and the five nearest below Terrapay Solutions India by revenue in the same principal business activity (Other information & communication service activities), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Terrapay Solutions India Private Limited
Terrapay Solutions India Private Limited is audited by VISHNU DAYA & CO LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| VISHNU DAYA & CO LLP | Locked | Locked | Locked |
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Ownership and Shareholding of Terrapay Solutions India Private Limited
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Charges & Borrowings of Terrapay Solutions India Private Limited
Terrapay Solutions India Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding of Terrapay Solutions India Private Limited
Terrapay Solutions India Private Limited has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹2.1 Cr; the latest was in September 2021.
Total deals
3
Secondary share transfers
2
Funding round
1
Disclosed funding
₹2.1 Cr
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2021 | Secondary share transfer | Undisclosed | Buyer: Terra Payment Services (Netherlands) BV Seller: an individual |
| Jul 2021 | Secondary share transfer | Undisclosed | Buyer: Terra Payment Services (Netherlands) BV & Ambar Sur, Terra Payment Services (Netherlands) BV Seller: an individual |
| Jun 2020 | Funding round | ₹2.1 Cr | Investors: Terra Payment Services (Netherlands) BV |
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Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Terrapay Solutions India Private Limited
Terrapay Solutions India Private Limited has 1 court case on record: 1 filed by Terrapay Solutions India. All case is disposed.
Total cases
1
Filed by the company
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Writ petition | Filed by the company against an individual | Disposed |
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All 1 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
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Employees and EPFO Compliance at Terrapay Solutions India Private Limited
Terrapay Solutions India Private Limited has a workforce of 384 employees as of Mar 29, 2024.
Employee count
384
Active EPFO establishments
1
Employee growth
54.22%
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Terrapay Solutions India Private Limited
Terrapay Solutions India Private Limited has 6 board changes on record since 2020: 3 appointments and 3 cessations. The latest: Ambar Sur ceased to be Director on 31 Mar 2021.
AGM
Terrapay Solutions India Private Limited last Annual general meeting of members was held on 30 Jun 2025 as per latest MCA records.
Filing
Terrapay Solutions India Private Limited has filed its annual Financial statements for the year ended 31 Dec 2024 with Roc Bangalore.
Ceased
Ambar Sur ceased to be Director.
Appointed
Saransh Verma was appointed as Whole-Time Director.
Ceased
Saransh Verma ceased to be Additional Director.
Appointed
Vanburn Gomes was appointed as Whole-Time Director.
Ceased
Vanburn Gomes ceased to be Additional Director.
Appointed
Ganapathy Subramaniam was appointed as Director.
Incorporation
01 Apr 2020
Terrapay Solutions India Private Limited was registered on 01 Apr 2020 with Roc Bangalore & aged 6 years 6 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Terrapay Solutions India Private Limited
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MSME Payment Delays by Terrapay Solutions India Private Limited
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Subsidiaries & Group Companies of Terrapay Solutions India Private Limited
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GST Compliance of Terrapay Solutions India Private Limited
Terrapay Solutions India has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAHCT8292K1ZH | Karnataka | Active | 28 May 2020 |
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MCA Filings & Documents of Terrapay Solutions India Private Limited
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Related news about Terrapay Solutions India Private Limited
Frequently Asked Questions about Terrapay Solutions India Private Limited
Terrapay Solutions India is an active private limited company based in Bangalore, Karnataka, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 01 April 2020 (6+ years old) and is registered under CIN U74140KA2020PTC133630.
Terrapay Solutions India reported revenue of ₹85.87 Cr for FY 2023 (up 160% YoY).
Terrapay Solutions India has 3 current directors:
- Saransh Verma - Whole-Time Director
- Vanburn Gomes - Whole-Time Director
- Ganapathy Subramaniam - Director
Terrapay Solutions India reported a net profit of ₹11.1 Cr (net margin 12.9%) and EBITDA of ₹16.36 Cr (EBITDA margin 19%) for FY 2023, as per its filed financial statements.
The GSTIN of Terrapay Solutions India is 29AAHCT8292K1ZH, registered in Karnataka.
The CIN (Corporate Identification Number) of Terrapay Solutions India is U74140KA2020PTC133630. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Terrapay Solutions India has 1 court case on record: 1 filed by the company.
Terrapay Solutions India was incorporated on 01 April 2020, making it 6+ years old. It is registered with the Registrar of Companies, Bangalore.
Terrapay Solutions India has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹2.1 Cr; the latest was in September 2021.
The peers of Terrapay Solutions India by revenue are Kpi Partners India Private Limited, Anritsu India Private Limited, Netprophets Cyberworks Private Limited, Skillwin Technology Private Limited, First Games Technology Private Limited and 5 more, all in the same principal business activity (Other information & communication service activities).
Ambar Sur ceased to be Director on 31 Mar 2021. Saransh Verma was appointed as Whole-Time Director on 12 Oct 2020. Saransh Verma ceased to be Additional Director on 12 Oct 2020. Terrapay Solutions India has 6 board changes on record in total.