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Vegapay Technology Private Limited - financial services in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2026
₹11.33 Cr
▲ 161% YoY
Net loss · FY 2026
₹18.73 Cr
Net margin -165.3%
EBITDA · FY 2026
-₹18.14 Cr
EBITDA margin -160.1%
Authorised capital
₹2.1 Lakh
Registered with MCA
Paid-up capital
₹1.54 Lakh
Issued & subscribed
Company age
4 yrs
Est. 2022
Employees · EPFO
30
Provident fund records
Directors on board
3
As per MCA filings
About Vegapay Technology Private Limited
Data last updated:
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.
Vegapay Technology Private Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-MH-18-0185695). 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.
Company details
CIN U72900MH2022PTC384814
Registration Number 384814
Incorporation Date 17 June 2022
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 01 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification MSME
Udyam Registration UDYAM-MH-18-0185695
Recognitions & Rankings of Vegapay Technology
MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-MH-18-0185695
Contact details
Vegapay Technology Private Limited's registered office is in Mumbai, Maharashtra. Its website is vegapay.tech. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot No 681A/7 8 9 Flat No 2404 Cedar Runwall Greens Bhandup West, Mumbai, Maharashtra, India – 400078
- IndustryFinancial Services, Prepaid Card Services
To see the full contact details of Vegapay Technology Private Limited, buy the company report.
Comprehensive company report
Vegapay Technology Private Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
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- Legal cases, compliance and MCA filings
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Brands
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 |
Business activity
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 | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Vegapay Technology Private Limited, buy the company report.
Financials of Vegapay Technology Private Limited
FY 2025 filings availableVegapay Technology Private Limited reported revenue of ₹11.33 Cr (up 161% YoY) for FY 2026.
Revenue · FY 2026
₹11.33 Cr ▲ 161%
Net loss · FY 2026
₹18.73 Cr margin -165.3%
EBITDA · FY 2026
-₹18.14 Cr margin -160.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 161%
3 years · compounded
▲ 431%
EBITDA CAGR growth
1 year
▼ 3%
3 years · compounded
▼ 146%
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
| 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 | ||||
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Financial Ratios
| 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 | ||||
To see the full financial statements and ratios of Vegapay Technology Private Limited, buy the company report.
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.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Himanshu Agrawal | Director | 14 Aug 2023 | 3 Years 2 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 4 Months | Current |
Auditor
Vegapay Technology Private Limited is audited by D A B S K & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| D A B S K & CO. | FY 2023 | 027243N |
Shareholding
The shareholding of Vegapay Technology Private Limited is on record for FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Foreign institutional investors (FII) | |
| Public | |
| Others |
To see the full shareholding pattern of Vegapay Technology Private Limited, buy the company report.
Deals & funding
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.
Total deals
2
Funding round
1
Secondary share transfer
1
Disclosed funding
₹54.19 Cr
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 |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Vegapay Technology Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Vegapay Technology Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Vegapay Technology has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAICV8291K1ZJ | Maharashtra | Active | 03 Sep 2022 |
| 29AAICV8291K1ZF | Karnataka | Active | 26 Aug 2024 |
To see the full GST registrations and return filing status of Vegapay Technology Private Limited, buy the company report.
Recent activity
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.
AGM
Vegapay Technology Private Limited last Annual general meeting of members was held on 01 Sep 2025 as per latest MCA records.
Filing
Vegapay Technology Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Ceased
Abhinav Garg ceased to be Additional Director.
Ceased
Gaurav Mittal ceased to be Additional Director.
Ceased
Himanshu Agrawal ceased to be Additional Director.
Appointed
Abhinav Garg was appointed as Director.
Appointed
Himanshu Agrawal was appointed as Director.
Appointed
Gaurav Mittal was appointed as Director.
Ceased
Prateek Garg ceased to be Director.
Ceased
Shipra Goyal ceased to be Director.
Ceased
Tanu Garg ceased to be Director.
Appointed
Puneet Sharma was appointed as Director.
1 earlier event is in the company report.
News
Frequently asked questions
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 has 3 current directors:
- Himanshu Agrawal - Director
- Gaurav Mittal - Director
- Puneet Sharma - Director
The latest financial statements of Vegapay Technology on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 01 September 2025. Year-wise statements from FY 2023 are in the company report.
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.
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.
Yes, Vegapay Technology is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Vegapay Technology is registered as an MSME under Udyam registration (number: UDYAM-MH-18-0185695).
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