About Wirecard India Private Limited
Data last updated:
Wirecard India Private Limited is a foreign private limited company based in Chennai, Tamil Nadu, India, a subsidiary of Wirecard Sales International Holding Gmbh. It operates in the digital payment solutions segment of the financial services sector. It was incorporated on 11 May 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U93000TN2009FTC122604. Its GSTIN is 33AADCV0520C1Z4 (Tamil Nadu). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹52.05 Cr and a paid-up capital of ₹49.27 Cr. It was formerly known as Visa Processing Service (India) Private Limited. It is led by directors Yeedulamudi Vijay Sundeep Ravi and Thivyadoss Vijay Fredrick.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Chennai, Tamil Nadu.
As per the financials filed for FY 2023, the company reported a revenue of ₹2.91 Cr, a decline of 71% compared to the previous year. For the same year it recorded a net loss of ₹9.91 Cr (net margin -340.1%) and EBITDA of -₹12.78 Cr (EBITDA margin -438.8%). Revenue has declined at a compounded annual rate (CAGR) of 68% over three years and 36% over five years.
The company has about 262 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Wirecard. As per MCA filings, the company has open charges of ₹1 on record. Court records list 4 cases involving the company, including 4 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website wirecard.asia.
Company details
CIN history
Wirecard India has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U93000TN2009FTC122604, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U93000TN2009FTC122604 | Current |
| U93000MH2009FTC217157 | Previous |
| U93000TN2009FTC071611 | Previous |
Contact details
Wirecard India Private Limited's registered office is in Chennai, Tamil Nadu. Its website is wirecard.asia. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNp 53 Jawaharlal Nehru Road, Guindy, Chennai, Tamil Nadu, India – 600032
- IndustryFinancial Services, Digital Payment Solutions
To see the full contact details of Wirecard 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
Wirecard India operates one associated brand: Wirecard. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Payment processing solutions are provided for businesses and merchants. | wirecard.com |
Business activity
The main business activity of Wirecard India 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 |
Financials of Wirecard India Private Limited
FY 2023 filings availableWirecard India Private Limited reported revenue of ₹2.91 Cr (down 71% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 36% over five years, including a 71% fall 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 | ₹2.91 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹12.78 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹9.91 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
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -438.8% | ||||
| Net Profit Margin | -340.1% | ||||
| 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 Wirecard India Private Limited, buy the company report.
Board of directors of Wirecard India Private Limited
Wirecard India has 2 current directors and 20 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Yeedulamudi Vijay Sundeep Ravi Also directs: Yevis Private Limited | Director | 12 Aug 2021 | 5 Years 2 Months | Current |
| Thivyadoss Vijay Fredrick Also directs: Hermes I Tickets Private Limited | Additional Director | 01 Mar 2024 | 2 Years 8 Months | Current |
Auditor
Wirecard India Private Limited is audited by Suresh Surana & Associates LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Suresh Surana & Associates LLP | FY 2023 | 121750W/W100010 |
Shareholding
The shareholding of Wirecard 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 Wirecard India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Aug 2018 | 100205664 | Citi Bank N.A. | ₹1 | Open |
Total charge records: 1 View all charges
Legal cases
Wirecard India Private Limited has 4 court cases on record: 4 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
| Supreme Court | 1 | 1 | 0 |
| NCLT | 1 | 1 | 0 |
| NCLAT | 1 | 1 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (1003-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Matters arising out of orders of Company Law Board under Section 397 & 398 of Companies Act, 1956) | Filed against the company by an individual | Disposed |
| NCLAT, NCLAT Chennai | Company appeal | Filed against the company by individuals | Disposed |
| NCLT, Chennai | Court case (MA(CompaniesAct)) | Filed against the company by an individual | Disposed |
| District court, Chennai, Tamil Nadu | Civil suit | Filed against the company by an individual | Disposed |
To see the full case history of Wirecard 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
Wirecard India Private Limited has 3 MSME Form 1 returns on record between 2022 and 2023, listing 12 overdue payments to 2 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 (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Aparajitha Corporate Services Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Wirecard India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Wirecard India Private Limited has a workforce of 262 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
Wirecard India has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AADCV0520C1Z4 | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Wirecard India Private Limited, buy the company report.
Recent activity
Wirecard India Private Limited has 38 board changes on record since 2009: 20 appointments and 18 cessations. The latest: Vignesh Ravindran ceased to be Director on 12 Mar 2024.
30 earlier events are in the company report.
News
Frequently asked questions
Wirecard India is an active foreign private limited company based in Chennai, Tamil Nadu, India. The company works in digital payment solutions, within the financial services industry. It was incorporated on 11 May 2009 (17+ years old) and is registered under CIN U93000TN2009FTC122604.
Wirecard India has 2 current directors:
- Yeedulamudi Vijay Sundeep Ravi - Director
- Thivyadoss Vijay Fredrick - Additional Director
The latest financial statements of Wirecard India on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Wirecard India is 33AADCV0520C1Z4, registered in Tamil Nadu. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
The CIN (Corporate Identification Number) of Wirecard India is U93000TN2009FTC122604. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Wirecard India has 4 court cases on record: 4 filed against it. Most are in the district courts.
Wirecard India was incorporated on 11 May 2009, making it 17+ years old. It is registered with the Registrar of Companies, Chennai.
Vignesh Ravindran ceased to be Director on 12 Mar 2024. Thivyadoss Vijay Fredrick was appointed as Additional Director on 01 Mar 2024. Rohidas Vithal Bhat ceased to be Director on 12 Aug 2021. Wirecard India has 38 board changes on record in total.
Wirecard India has 3 MSME Form 1 returns on record between 2022 and 2023, listing 12 overdue payments to 2 micro and small suppliers. The latest return was filed on 29 Aug 2023.
Wirecard India can be reached through the website wirecard.asia. Its registered office is in Chennai, Tamil Nadu, India.
The registered office of Wirecard India is at Np 53 Jawaharlal Nehru Road, Guindy, Chennai, Tamil Nadu, India – 600032.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
