About Transerv Limited
Data last updated:
Transerv Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Dhani Services Limited. It operates in the business process outsourcing sector. It was incorporated on 24 December 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U93090MH2010PLC211328. Its GSTIN is 27AADCT6869L1ZK (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹19.66 Cr and a paid-up capital of ₹14.73 Cr. It was formerly known as Transerv Private Limited. It is led by directors Akshay Kumar Tiwary and Sanjeev Kashyap.
Its last annual general meeting (AGM) was held on 22 September 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 ₹4.16 Cr, a decline of 87% compared to the previous year. For the same year it recorded a net loss of ₹13.27 Cr (net margin -318.8%) and EBITDA of -₹13.12 Cr (EBITDA margin -315.3%). Revenue has declined at a compounded annual rate (CAGR) of 70% over three years and 42% over five years.
The company has about 5 employees on its provident fund (EPFO) records.
The company is associated with 3 brands: AweRay, Dhani Pay and TranServ. As per MCA filings, the company has satisfied charges of ₹13.5 Cr on record. Court records list 9 cases involving the company, including 9 filed against it; 1 case is pending. The company has 26 deals on record (15 secondary share transfers, 8 funding rounds, 1 convertible or debt financing), with disclosed funding of ₹78.83 Cr; the latest was in December 2023. Its 10 peer companies in the BFSI industry (Payment Solution Providers) are compared by revenue, 5 larger and 5 smaller; the largest is Cybdeer Network Private Limited with revenue of ₹4.36 Cr. The company has 3 MSME Form 1 returns on record between 2019 and 2020, listing 14 overdue payments to 5 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website dhanipay.in.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Apps
- Registered AddressUnit No. 401 & 402 One International Center 4th Floor Tower – 1 S.B. Marg Elphinsto, Ne Road(W), Mumbai, Maharashtra, India – 400013
- IndustryBusiness Outsourcing, Business Process Outsourcing
- 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 Transerv Limited
The main business activity of Transerv is financial and insurance service. In detail, this covers other financial activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial 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 Transerv Limited FY 2025 filings available
Transerv Limited reported revenue of ₹4.16 Cr (down 87% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Transerv Limited
Revenue has declined at a compounded annual rate (CAGR) of 42% over five years, including a 87% fall in the latest year. EBITDA fell 40% 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 of Transerv Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹13.12 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹13.27 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 Transerv Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -315.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -318.8% | •••• | •••• | •••• | •••• |
| 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 Transerv 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 Transerv Limited
Transerv Limited is compared with the companies closest to it by revenue in the BFSI industry (Payment Solution Providers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Cybdeer Network Private Limited | ₹4.36 Cr (FY 2025) | •••• | •••• | 33.0% | •••• | Jaipur, Rajasthan, India |
| Rinova Pay Tech Private Limited | ₹4.3 Cr (FY 2025) | •••• | •••• | •••• | Noida, Uttar Pradesh, India | |
| Swirepay Technologies Private Limited | ₹4.3 Cr (FY 2024) | •••• | •••• | 23.0% | •••• | Chennai, Tamil Nadu, India |
| Pay2all Services Private Limited | ₹4.21 Cr (FY 2024) | •••• | •••• | -8.0% | •••• | Noida, Uttar Pradesh, India |
| Razorpay Services Private Limited | ₹4.18 Cr (FY 2025) | •••• | •••• | -3.0% | •••• | Pune, Maharashtra, India |
| Transerv Limited this company | ₹4.16 Cr (FY 2025) | •••• | •••• | -87.0% | •••• | Mumbai, Maharashtra, India |
| Mobivend Logistics Solutions Private Limited | ₹4.13 Cr (FY 2025) | •••• | •••• | 30.0% | •••• | Bangalore, Karnataka, India |
| Foster Payment Networks Private Limited | ₹4.12 Cr (FY 2025) | •••• | •••• | -2.0% | •••• | New Delhi, Delhi, India |
| Pinwallet Payments Private Limited | ₹4.1 Cr (FY 2024) | •••• | •••• | 693.0% | •••• | Jaipur, Rajasthan, India |
| Finreliable Technology Private Limited | ₹4.07 Cr (FY 2025) | •••• | •••• | 360.0% | •••• | Gurgaon, Haryana, India |
| Instamotion Solutions Private Limited | ₹4 Cr (FY 2024) | •••• | •••• | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Transerv by revenue in the BFSI industry (Payment Solution Providers), 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 Transerv Limited
Transerv Limited is audited by Ajay Sardana Associates for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Ajay Sardana Associates | 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 and KMP of Transerv Limited
Transerv Limited currently reports 2 directors and 1 key managerial person. 19 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sidharth Vinod Nathani Also directs: Fintech Cloud Private Limited | Ceo | 13 Feb 2023 | 3 Years 7 Months | Current |
| Akshay Kumar Tiwary Also directs: Aromika Pioneer Ventures LLP, Indiabulls Urbanresidency Limited, Indiabulls Nests Limited and 3 more | Director | 28 Nov 2022 | 3 Years 10 Months | Current |
| Sanjeev Kashyap Also directs: Dhani Loans and Services Limited, Fintech Cloud Private Limited | Director | 31 Jan 2023 | 3 Years 8 Months | Current |
Ownership and Shareholding of Transerv 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 Transerv Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 07 Nov 2016 | Others | ₹13.5 Cr | Satisfied |
Total charge records: 1 View all charges
Deals & Funding of Transerv Limited
Transerv Limited has 26 deals on record (15 secondary share transfers, 8 funding rounds, 1 convertible or debt financing), with disclosed funding of ₹78.83 Cr; the latest was in December 2023.
Deals on record (5 of 26)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2023 | Rights issue | ₹166.65 Cr | Investors: Dhani Loans and Services Limited |
| Apr 2020 | Secondary share transfer | Undisclosed | Buyer: Dhani Loans and Services Limited Seller: 4 individuals |
| Mar 2020 | Secondary share transfer | Undisclosed | Buyer: Dhani Loans and Services Limited Seller: an individual |
| Mar 2020 | Secondary share transfer | Undisclosed | Buyer: Dhani Loans and Services Limited Seller: Faering Capital |
| Jun 2019 | Secondary share transfer | Undisclosed | Buyer: Dhani Loans and Services Limited Seller: an individual |
Full deal history
All 26 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 Transerv Limited
Transerv Limited has 9 court cases on record: 9 filed against it. 1 case is pending and 8 are disposed. Status as checked between 21 Sep 2026 and 02 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 9 | 9 | 1 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Commercial suit | Filed against the company by Amazon Pay (India) Private Limited | Pending |
| District court, South East, Delhi | Interim or miscellaneous application | Filed against the company by Amazon Pay (India) Private Limited | Disposed |
| District court, South East, Delhi | Commercial suit | Filed against the company by Amazon Pay (India) Private Limited | Disposed |
| District court, South West, Delhi | Civil suit | Filed against the company by State | Disposed |
| District court, North West, Delhi | Civil suit | Filed against the company by State | Disposed |
Full case history
All 9 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.
MSME Payment Delays by Transerv Limited
Transerv Limited has 3 MSME Form 1 returns on record between 2019 and 2020, listing 14 overdue payments to 5 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 5)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | •••• | •••• | •••• |
| Astute Corporate Services Private Limited | •••• | •••• | •••• |
| CRP Risk Management Limited | •••• | •••• | •••• |
| Xpress Computers Limited | •••• | •••• | •••• |
| 4 Minute Mile Marketing Services Private Limited | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 3 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Associated Brands with Transerv Limited
Transerv operates multiple associated brands including AweRay, Dhani Pay, and TranServ. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides cloud-based remote desktop access management software for efficient business operations. | aweray.com | |
| Provider of prepaid cards, UPI payments, mobile recharge, and bill payment | dhanipay.in | |
| Digital payment solutions are provided for individuals and organizations. | transerv.co.in |
Employees and EPFO Compliance at Transerv Limited
Transerv Limited has a workforce of 5 employees as of Apr 02, 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.
CIN History of Transerv Limited
Transerv has one previous CIN (Corporate Identification Number): U93090MH2010PTC211328. The current CIN is U93090MH2010PLC211328, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U93090MH2010PLC211328 | Current |
| U93090MH2010PTC211328 | Previous |
News related to Transerv Limited
Recent Activity on Transerv Limited
Transerv Limited has 21 board changes on record since 2012: 3 appointments and 18 cessations. The latest: Akshay Kumar Tiwary ceased to be Additional Director on 25 Sep 2023.
14 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Transerv 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.
Subsidiaries & Group Companies of Transerv 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 Transerv Limited
Transerv has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCT6869L1ZK | 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 Transerv 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 Transerv Limited
Transerv is an active public limited company based in Mumbai, Maharashtra, India. The company works in business process outsourcing, within the business outsourcing industry. It was incorporated on 24 December 2010 (16+ years old) and is registered under CIN U93090MH2010PLC211328.
Transerv reported revenue of ₹4.16 Cr for FY 2025 (down 87% YoY).
Transerv has 3 current directors and KMP:
- Akshay Kumar Tiwary - Director
- Sanjeev Kashyap - Director
- Sidharth Vinod Nathani - Ceo
Transerv reported a net loss of ₹13.27 Cr (net margin -318.8%) and EBITDA of -₹13.12 Cr (EBITDA margin -315.3%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Transerv is -70% over three years and -42% over five years. In the latest year (FY 2025) revenue fell 87%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Transerv is 27AADCT6869L1ZK, registered in Maharashtra. 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 Transerv is U93090MH2010PLC211328. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Transerv has 9 court cases on record: 9 filed against it. 1 is pending.
Transerv was incorporated on 24 December 2010, making it 16+ years old. It is registered with the Registrar of Companies, Mumbai.
Transerv has 26 deals on record (15 secondary share transfers, 8 funding rounds, 1 convertible or debt financing), with disclosed funding of ₹78.83 Cr; the latest was in December 2023.
The peers of Transerv by revenue are Cybdeer Network Private Limited, Rinova Pay Tech Private Limited, Swirepay Technologies Private Limited, Pay2all Services Private Limited, Razorpay Services Private Limited and 5 more, all in the BFSI industry (Payment Solution Providers).
Akshay Kumar Tiwary ceased to be Additional Director on 25 Sep 2023. Sanjeev Kashyap ceased to be Additional Director on 25 Sep 2023. Sidharth Vinod Nathani ceased to be Additional Director on 25 Sep 2023. Transerv has 21 board changes on record in total.