About Verifone India Private Limited
Data last updated:
Verifone India Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Verifone Inc.. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the software development and IT solutions segment of the software and technology sector. It was incorporated on 09 January 1990.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA1990PTC010664.
The company has an authorised share capital of ₹41.5 Cr and a paid-up capital of ₹41.22 Cr. It is led by directors Mihir Kumar Jha and Krishnachandra Suresh Potnis.
Its last annual general meeting (AGM) was held on 07 August 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at 003 Classique Mansion 6th Cross Hal 2nd Stage, Bangalore India, Karnataka, India – 560008.
As per the financials filed for FY 2023, the company reported a revenue of ₹20.32 Lakh, a growth of 20% compared to the previous year. For the same year it recorded a net profit of ₹3.68 Lakh (net margin 18.1%) and EBITDA of ₹6.13 Lakh (EBITDA margin 30.2%). Revenue has declined at a compounded annual rate (CAGR) of 11% over three years and 7% over five years.
The company is associated with 1 brand: Verifone. Court records list 1 case involving the company, including 1 filed against it; 1 case is pending.
The last known website on record is verifone.com.
Company details
CIN history
Verifone India has one previous CIN (Corporate Identification Number): U72201KA1990PLC010664. The current CIN is U72200KA1990PTC010664, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72200KA1990PTC010664 | Current |
| U72201KA1990PLC010664 | Previous |
Contact details
Verifone India Private Limited's registered office is in Bangalore, Karnataka. Its website is verifone.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address003 Classique Mansion 6th Cross Hal 2nd Stage, Bangalore India, Karnataka, India – 560008
- IndustrySoftware, Software Development, Software Publishing
To see the full contact details of Verifone 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
Verifone India operates one associated brand: Verifone. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Omni-channel payments solutions are provided for businesses worldwide. | verifone.com |
Financials of Verifone India Private Limited
FY 2023 filings availableVerifone India Private Limited reported revenue of ₹20.32 Lakh (up 20% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue rose 20% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 7%. EBITDA rose 20% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹20.32 Lakh | ||||
| Cost of Materials Consumed | |||||
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| Total Expenses | |||||
| EBITDA | ₹6.13 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹3.68 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 30.2% | ||||
| Net Profit Margin | 18.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Verifone India Private Limited, buy the company report.
Board of directors of Verifone India Private Limited
Verifone India has 2 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mihir Kumar Jha Also directs: Verifone Payments India Private Limited | Director | 22 Jun 2023 | 3 Years 4 Months | As last reported |
| Krishnachandra Suresh Potnis Also directs: Vinaaka Tech Private Limited | Director | 23 Oct 2018 | 7 Years 11 Months | As last reported |
Auditor
Verifone India Private Limited is audited by Walker Chandiok & Co LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Walker Chandiok & Co LLP | FY 2023 | 001076N/N500013 |
Shareholding
The shareholding of Verifone India Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Verifone India Private Limited, buy the company report.
Legal cases
Verifone India Private Limited has 1 court case on record: 1 filed against it. All case is pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 1 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (LPETN) | Filed against the company by Bobcards Ltd. | Pending |
To see the full case history of Verifone 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 Verifone India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Verifone India Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Verifone India Private Limited has 14 board changes on record since 2010: 2 appointments and 12 cessations. The latest: Swati Jain ceased to be Company Secretary on 30 Sep 2023.
5 earlier events are in the company report.
News
Frequently asked questions
Verifone India is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Verifone India is a company under liquidation, formerly operating as a private limited company based in Bangalore, Karnataka, India. The company works in software development, within the software industry. It was incorporated on 09 January 1990 and is registered under CIN U72200KA1990PTC010664. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Verifone India has 2 current directors:
- Mihir Kumar Jha - Director
- Krishnachandra Suresh Potnis - Director
The latest financial statements of Verifone India on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 07 August 2023. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Verifone India is U72200KA1990PTC010664. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Verifone India has 1 court case on record: 1 filed against it. 1 is pending.
Verifone India was incorporated on 09 January 1990. It is registered with the Registrar of Companies, Bangalore.
Swati Jain ceased to be Company Secretary on 30 Sep 2023. Mihir Kumar Jha was appointed as Director on 22 Jun 2023. Vikram Kalidindi Varma ceased to be Director on 21 Mar 2022. Verifone India has 14 board changes on record in total.
Verifone India can be reached through the website verifone.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Verifone India is at 003 Classique Mansion 6th Cross Hal 2nd Stage, Bangalore India, Karnataka, India – 560008.