About Vegapay Technology Private Limited
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Vegapay Technology Private Limited is a private limited company based in Mumbai, Maharashtra, India, recognised as a startup by DPIIT. It operates in the prepaid card services segment of the financial services sector. It was incorporated on 17 June 2022.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72900MH2022PTC384814. Its GSTIN is 27AAICV8291K1ZJ (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹2.1 Lakh and a paid-up capital of ₹1.54 Lakh. It is led by directors including Himanshu Agrawal and Gaurav Mittal.
Its last annual general meeting (AGM) was held on 01 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Plot No 681A/7 8 9 Flat No 2404 Cedar Runwall Greens Bhandup West, Mumbai, Maharashtra, India – 400078.
As per the financials filed for FY 2026, the company reported a revenue of ₹11.33 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹18.73 Cr (net margin -165.3%) and EBITDA of -₹18.14 Cr (EBITDA margin -160.1%). Revenue has grown at a compounded annual rate (CAGR) of 431% over three years.
The company has about 30 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Vegapay. The company has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹54.19 Cr; the latest was in December 2022. Its 10 peer companies in the BFSI industry (Prepaid and Cash Cards) are compared by revenue, 5 larger and 5 smaller; the largest is Payvorite India (OPC) Private Limited with revenue of ₹6.53 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website vegapay.tech.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressPlot No 681A/7 8 9 Flat No 2404 Cedar Runwall Greens Bhandup West, Mumbai, Maharashtra, India – 400078
- IndustryFinancial Services, Prepaid Card Services
- 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 Vegapay Technology Private Limited
The main business activity of Vegapay Technology is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical 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 Vegapay Technology Private Limited FY 2025 filings available
Vegapay Technology Private Limited reported revenue of ₹11.33 Cr (up 161% YoY) for FY 2026.
Compounded Annual Growth Rate (CAGR) of Vegapay Technology Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 431% over three years, including 161% growth in the latest year. EBITDA fell 3% 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 Vegapay Technology Private Limited
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|---|
| 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 | -₹18.14 Cr | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹18.73 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 Vegapay Technology Private Limited
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -160.1% | •••• | •••• | •••• |
| Net Profit Margin | -165.3% | •••• | •••• | •••• |
| 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 Vegapay Technology are in the company report.
Financial statements from FY 2023
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 Vegapay Technology Private Limited
Vegapay Technology Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Prepaid and Cash Cards). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Vegapay Technology Private Limited this company | ₹11.33 Cr (FY 2026) | •••• | •••• | 161.0% | •••• | Mumbai, Maharashtra, India |
| Payvorite India (OPC) Private Limited | ₹6.53 Cr (FY 2025) | •••• | •••• | -69.0% | •••• | New Delhi, Delhi, India |
| J2d Fashions Private Limited | ₹5.96 Cr (FY 2025) | •••• | •••• | 164.0% | •••• | Bengaluru, Karnataka, India |
| Interactive Financial & Trading Services Private Limited | ₹5.74 Cr (FY 2025) | •••• | •••• | -24.0% | •••• | Mumbai, Maharashtra, India |
| Future & Options Kard Services Private Limited | ₹5.35 Cr (FY 2025) | •••• | •••• | -14.0% | •••• | Chennai, Tamil Nadu, India |
| F.C.Aggarwal & Company Private Limited | ₹4.35 Cr (FY 2024) | •••• | •••• | 18.0% | •••• | Jalandhar, Punjab, India |
| Sphinx Payment Solution Private Limited | ₹4.32 Cr (FY 2023) | •••• | •••• | 256.0% | •••• | Panvel, Maharashtra, India |
| Interface Destinations Private Limited | ₹4.06 Cr (FY 2016) | •••• | •••• | 3636.0% | •••• | New Delhi, Delhi, India |
| Contec Global India Private Limited | ₹3.52 Cr (FY 2024) | •••• | •••• | 33.0% | •••• | New Delhi, Delhi, India |
| Arthvit 1809 Tech Private Limited | ₹3.29 Cr (FY 2024) | •••• | •••• | 811.0% | •••• | Bangalore, Karnataka, India |
| Vaamoz Online Private Limited | ₹3.21 Cr (FY 2024) | •••• | •••• | 1202.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Vegapay Technology by revenue in the BFSI industry (Prepaid and Cash Cards), 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 Vegapay Technology Private Limited
Vegapay Technology Private Limited is audited by D A B S K & CO. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| D A B S K & 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 Vegapay Technology Private Limited
Vegapay Technology has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Himanshu Agrawal | Director | 14 Aug 2023 | 3 Years 1 Months | Current |
| Gaurav Mittal Also directs: Growvega Technology LLP | Director | 09 Jul 2022 | 4 Years 3 Months | Current |
| Puneet Sharma | Director | 17 Jun 2022 | 4 Years 3 Months | Current |
Ownership and Shareholding of Vegapay Technology Private 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 Vegapay Technology Private Limited
Vegapay Technology Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding of Vegapay Technology Private Limited
Vegapay Technology Private Limited has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹54.19 Cr; the latest was in December 2022.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2022 | Funding round · Seed | ₹54.19 Cr | Investors: Elevation Capital (SAIF Partners), Eximius Ventures, Capri Global |
| Sep 2022 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: 3 individuals |
Full deal history
All 2 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.
Associated Brands with Vegapay Technology Private Limited
Vegapay Technology operates one associated brand: Vegapay. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Banking infrastructure for credit cards and lending is provided. | vegapay.tech |
Employees and EPFO Compliance at Vegapay Technology Private Limited
Employment history and EPFO contributions of people linked to Vegapay Technology.
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.
News related to Vegapay Technology Private Limited
Recent Activity on Vegapay Technology Private Limited
Vegapay Technology Private Limited has 10 board changes on record since 2022: 4 appointments and 6 cessations. The latest: Abhinav Garg ceased to be Additional Director on 24 Sep 2023.
1 earlier event is listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Vegapay Technology Private 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 Vegapay Technology Private 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 Vegapay Technology Private 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 Vegapay Technology Private Limited
Vegapay Technology has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAICV8291K1ZJ | Maharashtra | Active | 03 Sep 2022 |
| 29AAICV8291K1ZF | Karnataka | Active | 26 Aug 2024 |
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 Vegapay Technology Private 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 Vegapay Technology Private Limited
Vegapay Technology is an active private limited company based in Mumbai, Maharashtra, India. The company works in prepaid card services, within the financial services industry. It was incorporated on 17 June 2022 (4+ years old) and is registered under CIN U72900MH2022PTC384814.
Vegapay Technology reported revenue of ₹11.33 Cr for FY 2026 (up 161% YoY).
Vegapay Technology has 3 current directors:
- Himanshu Agrawal - Director
- Gaurav Mittal - Director
- Puneet Sharma - Director
Vegapay Technology reported a net loss of ₹18.73 Cr (net margin -165.3%) and EBITDA of -₹18.14 Cr (EBITDA margin -160.1%) for FY 2026, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Vegapay Technology is 431% over three years. In the latest year (FY 2026) revenue rose 161%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Vegapay Technology is 27AAICV8291K1ZJ, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 29AAICV8291K1ZF (Karnataka).
The CIN (Corporate Identification Number) of Vegapay Technology is U72900MH2022PTC384814. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vegapay Technology was incorporated on 17 June 2022, making it 4+ years old. It is registered with the Registrar of Companies, Mumbai.
Vegapay Technology has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹54.19 Cr; the latest was in December 2022.
The peers of Vegapay Technology by revenue are Payvorite India (OPC) Private Limited, J2d Fashions Private Limited, Interactive Financial & Trading Services Private Limited, Future & Options Kard Services Private Limited, F.C.Aggarwal & Company Private Limited and 5 more, all in the BFSI industry (Prepaid and Cash Cards).
Abhinav Garg ceased to be Additional Director on 24 Sep 2023. Gaurav Mittal ceased to be Additional Director on 24 Sep 2023. Himanshu Agrawal ceased to be Additional Director on 24 Sep 2023. Vegapay Technology has 10 board changes on record in total.