About Thales Dis MCS India Private Limited
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Thales Dis MCS India Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Gemalto B.V. It operates in the digital payment solutions segment of the financial services sector. It was incorporated on 08 September 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72100MH2005PTC155948. The company has 4 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹6 Cr and a paid-up capital of ₹4.9 Cr. It was formerly known as Gemalto Smart Cards Private Limited and Gemalto Terminals India Private Limited. It is led by directors Guljeet Singh Bamrah and Kamal Kumar Kakkar.
Its last annual general meeting (AGM) was held on 21 April 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹21.86 Lakh, a decline of 57% compared to the previous year. For the same year it recorded a net loss of ₹29.87 Lakh (net margin -136.6%) and EBITDA of -₹22.5 Lakh (EBITDA margin -102.9%). Revenue has declined at a compounded annual rate (CAGR) of 25% over three years and 68% over five years.
The company has about 37 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Gemalto. Court records list 11 cases involving the company, including 8 filed by the company and 3 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website gemalto.com.
Company details
Name history
Thales Dis MCS India has undergone 3 name changes throughout its history. The company was previously known as Gemalto Smart Cards Private Limited, Gemalto Terminals India Private Limited, and Axalto Terminals India Private Limited. The current legal name is Thales Dis Mcs India Private Limited.
| Company Name | Status |
|---|---|
| Thales Dis MCS India Private Limited | Current |
| Gemalto Smart Cards Private Limited | Previous |
| Gemalto Terminals India Private Limited | Previous |
| Axalto Terminals India Private Limited | Previous |
Contact details
Thales Dis MCS India Private Limited's registered office is in Mumbai, Maharashtra. Its website is gemalto.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered AddressFlat No. 803 804 805 & 806 Vaibhav Chambers Plot No. 1 Survey No. 341 (Part) Cst N, O.629/1264, Mumbai, Maharashtra, India – 400051
- IndustryFinancial Services, Digital Payment Solutions
To see the full contact details of Thales Dis MCS India Private 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
Thales Dis MCS India operates one associated brand: Gemalto. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Secure personal devices and SIM cards are provided worldwide. | gemalto.com |
Financials of Thales Dis MCS India Private Limited
FY 2025 filings availableThales Dis MCS India Private Limited reported revenue of ₹21.86 Lakh (down 57% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 68% over five years, including a 57% fall in the latest year. EBITDA fell 166% 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Total Expenses | |||||
| EBITDA | -₹22.5 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹29.87 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -102.9% | ||||
| Net Profit Margin | -136.6% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Thales Dis MCS India Private Limited, buy the company report.
Board of directors of Thales Dis MCS India Private Limited
Thales Dis MCS India has 2 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Guljeet Singh Bamrah | Director | 26 Nov 2024 | 1 Years 11 Months | Current |
| Kamal Kumar Kakkar Also directs: Thales Dis CPL India Private Limited, Guavus Network Systems Private Limited, Imperva India Private Limited and 2 more | Director | 31 Jul 2020 | 6 Years 3 Months | Current |
Peer comparison
Thales Dis MCS India Private Limited is compared with the 10 companies closest to it by revenue in the BFSI industry (Payment Solution Providers), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Shree Shyam Pay Private Limited | ₹22.92 Lakh (FY 2025) | 138.0% | New Delhi, Delhi, India | |||
| DBDK Payment Solution Private Limited | ₹22.82 Lakh (FY 2025) | Rajkot, Gujarat, India | ||||
| Timepay Digital Infotech Private Limited | ₹22.78 Lakh (FY 2025) | 198.0% | Thane, Maharashtra, India | |||
| Shri Dariyav Doorstep Services Private Limited | ₹22.38 Lakh (FY 2024) | 1216.0% | Bikaner, Rajasthan, India | |||
| Panotics Global Private Limited | ₹22.34 Lakh (FY 2025) | -43.0% | Noida, Uttar Pradesh, India | |||
| Thales Dis MCS India Private Limitedthis company | ₹21.86 Lakh (FY 2025) | -₹29.87 Lakh | -136.6% | -57.0% | 37 | Mumbai, Maharashtra, India |
| Shubh Payment Services Private Limited | ₹21.32 Lakh (FY 2022) | Pune, Maharashtra, India | ||||
| Sezzle Payments Private Limited | ₹21.05 Lakh (FY 2023) | -93.0% | Bangalore, Karnataka, India | |||
| Centx Payments Private Limited | ₹20.92 Lakh (FY 2025) | -11.0% | Bangalore, Karnataka, India | |||
| Leocadia Technologies Private Limited | ₹20.36 Lakh (FY 2022) | 46.0% | Noida, Uttar Pradesh, India | |||
| I Corp Pays Private Limited | ₹19.98 Lakh (FY 2024) | -2.0% | Pune, Maharashtra, India |
To see the full peer comparison of Thales Dis MCS India Private Limited, buy the company report.
Auditor
Thales Dis MCS India Private Limited is audited by S. N. Dhawan & Co. LLP for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S. N. Dhawan & Co. LLP | FY 2021 | 000050N/N500045 |
Shareholding
The shareholding of Thales Dis MCS India Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Thales Dis MCS India Private Limited, buy the company report.
Legal cases
Thales Dis MCS India Private Limited has 11 court cases on record: 8 filed by Thales Dis MCS India, 3 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 11 | 3 | 0 |
Cases on record (5 of 11)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Court case (FAO(OS)) | Filed by the company against Pine Labs Pvt Ltd & Anr | Disposed |
| High Court of Delhi | Court case (CS(OS)) | Filed against the company by Pine Labs Pvt Ltd | Disposed |
| High Court of Delhi | Court case (FAO(OS)) | Filed against the company by Pine Labs Pvt Ltd | Disposed |
| High Court of Delhi | Court case (O.M.P.) | Filed by the company against Pine Labs Pvt Ltd. | Disposed |
| High Court of Delhi | Court case (CS(OS)) | Filed by the company against Pine Labs Pvt. Ltd. A+ | Disposed |
To see the full case history of Thales Dis MCS India Private 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 Thales Dis MCS India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Thales Dis MCS India Private Limited has a workforce of 37 employees on its EPFO records as of Dec 2019, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2019-20 | 37 |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Thales Dis MCS India Private Limited, buy the company report.
GST
Thales Dis MCS India has 4 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Thales Dis MCS India Private Limited, buy the company report.
Recent activity
Thales Dis MCS India Private Limited has 15 board changes on record since 2010: 2 appointments and 13 cessations. The latest: Guljeet Singh Bamrah ceased to be Additional Director on 20 Apr 2025.
6 earlier events are in the company report.
News
Frequently asked questions
Thales Dis MCS India is an active private limited company based in Mumbai, Maharashtra, India. The company works in digital payment solutions, within the financial services industry. It was incorporated on 08 September 2005 (21+ years old) and is registered under CIN U72100MH2005PTC155948.
Thales Dis MCS India has 2 current directors:
- Guljeet Singh Bamrah - Director
- Kamal Kumar Kakkar - Director
The latest financial statements of Thales Dis MCS India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 21 April 2025. Year-wise statements from 2015 are in the company report.
No. Thales Dis MCS India has 4 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Thales Dis MCS India is U72100MH2005PTC155948. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Thales Dis MCS India has 11 court cases on record: 8 filed by the company and 3 filed against it.
Thales Dis MCS India was incorporated on 08 September 2005, making it 21+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Thales Dis MCS India by revenue are Shree Shyam Pay Private Limited, DBDK Payment Solution Private Limited, Timepay Digital Infotech Private Limited, Shri Dariyav Doorstep Services Private Limited, Panotics Global Private Limited and 5 more, all in the BFSI industry (Payment Solution Providers).
Guljeet Singh Bamrah ceased to be Additional Director on 20 Apr 2025. Guljeet Singh Bamrah was appointed as Director on 26 Nov 2024. Vinod Mittal ceased to be Additional Director on 30 Sep 2022. Thales Dis MCS India has 15 board changes on record in total.
Thales Dis MCS India can be reached through the website gemalto.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Thales Dis MCS India is at Flat No. 803 804 805 & 806 Vaibhav Chambers Plot No. 1 Survey No. 341 Part Cst N, O.6291264, Mumbai, Maharashtra, India – 400051.
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