About Thar Business Solutions Private Limited
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Thar Business Solutions Private Limited is a private limited company based in Barmer, Rajasthan, India. It operates in the online payment gateways segment of the financial services sector. It was incorporated on 26 September 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Jaipur, under CIN U93090RJ2019PTC066434. Its GSTIN is 08AAHCT5313R2ZQ (Rajasthan). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Devi Chand and Hanumana Ram.
Its last annual general meeting (AGM) was held on 09 November 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Jagruparam Dhorimana, Barmer, Rajasthan, India – 344704.
As per the financials filed for FY 2024, the company reported a revenue of ₹30.63 Lakh, a decline of 56% compared to the previous year. For the same year it recorded a net loss of ₹4.3 Lakh (net margin -14%) and EBITDA of ₹1.79 Lakh (EBITDA margin 5.8%). Revenue has declined at a compounded annual rate (CAGR) of 43% over three years.
The company is associated with 1 brand: Tharpay. Court records list 2 cases involving the company, including 2 filed against it; 2 cases are pending.
For more details, the company can be reached via its website tharpay.com.
Company details
Contact details
Thar Business Solutions Private Limited's registered office is in Barmer, Rajasthan. Its website is tharpay.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered AddressJagruparam Dhorimana, Barmer, Rajasthan, India – 344704
- IndustryFinancial Services, Online Payment Gateways
To see the full contact details of Thar Business Solutions 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
Thar Business Solutions operates one associated brand: Tharpay. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides online money transfer and quick bill payment platforms for users. | tharpay.com |
Business activity
The main business activity of Thar Business Solutions 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 Thar Business Solutions Private Limited, buy the company report.
Financials of Thar Business Solutions Private Limited
FY 2025 filings availableThar Business Solutions Private Limited reported revenue of ₹30.63 Lakh (down 56% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 43% over three years, including a 56% fall in the latest year. EBITDA fell 90% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹1.79 Lakh | ||||
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| Net Profit (PAT) | -₹4.3 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA Margin | 5.8% | ||||
| Net Profit Margin | -14% | ||||
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To see the full financial statements and ratios of Thar Business Solutions Private Limited, buy the company report.
Board of directors of Thar Business Solutions Private Limited
Thar Business Solutions has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Devi Chand Also directs: Signet Jewels India Private Limited | Director | 26 Sep 2019 | 7 Years 0 Months | Current |
| Hanumana Ram | Director | 26 Sep 2019 | 7 Years 0 Months | Current |
Auditor
Thar Business Solutions Private Limited is audited by Kumar Gaurav Agarwal & Co. for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Kumar Gaurav Agarwal & Co. | FY 2020 | 021759N |
Shareholding
The shareholding of Thar Business Solutions Private Limited is on record for FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Foreign institutional investors (FII) | |
| Public | |
| Others |
To see the full shareholding pattern of Thar Business Solutions Private Limited, buy the company report.
Legal cases
Thar Business Solutions Private Limited has 2 court cases on record: 2 filed against it. All cases are pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 2 | 2 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Rajasthan | Writ petition | Filed against the company by Actas Technologies Private Limited | Pending |
| High Court of Rajasthan | Interim or miscellaneous application | Filed against the company by Actas Technologies Private Limited | Pending |
To see the full case history of Thar Business Solutions 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 Thar Business Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Thar Business Solutions has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 08AAHCT5313R2ZQ | Rajasthan | Active | 02 Mar 2021 |
To see the full GST registrations and return filing status of Thar Business Solutions Private Limited, buy the company report.
Recent activity
Thar Business Solutions Private Limited has 2 board changes on record since 2019: 2 appointments. The latest: Devi Chand was appointed as Director on 26 Sep 2019.
Frequently asked questions
Thar Business Solutions is an active private limited company based in Barmer, Rajasthan, India. The company works in online payment gateways, within the financial services industry. It was incorporated on 26 September 2019 (7+ years old) and is registered under CIN U93090RJ2019PTC066434.
Thar Business Solutions has 2 current directors:
- Devi Chand - Director
- Hanumana Ram - Director
The latest financial statements of Thar Business Solutions on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 09 November 2025. Year-wise statements from FY 2020 are in the company report.
The GSTIN of Thar Business Solutions is 08AAHCT5313R2ZQ, registered in Rajasthan. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Thar Business Solutions is U93090RJ2019PTC066434. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Thar Business Solutions has 2 court cases on record: 2 filed against it. 2 are pending.
Thar Business Solutions was incorporated on 26 September 2019, making it 7+ years old. It is registered with the Registrar of Companies, Jaipur.
Devi Chand was appointed as Director on 26 Sep 2019. Hanumana Ram was appointed as Director on 26 Sep 2019.
Thar Business Solutions can be reached through the website tharpay.com. Its registered office is in Barmer, Rajasthan, India.
The registered office of Thar Business Solutions is at Jagruparam Dhorimana, Barmer, Rajasthan, India – 344704.