Frictionfree Solutions Private Limited

Specializes in digital payment solutions, including mobile money transfers and e-commerce platforms.

2015 | Mumbai, Maharashtra (India) | Active
Last Updated: December 23, 2024

Frictionfree Solutions Profile

Key Indicators

  • Authorised Capital ₹ 5.00 M
  • Paid Up Capital ₹ 0.48 M
  • Company Age 9 Year, 3 Months
  • Last Filing with ROC 31 Mar 2023

About Frictionfree Solutions

Frictionfree Solutions Private Limited (FSPL) is a registered startup operating as a Private Limited Indian Non-Government Company incorporated in India on 12 October 2015 (Nine years and three months 29 days old ). Its registered office is in Mumbai, Maharashtra, India.

The Company is engaged in the Financial Services Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 5.00 M and a paid-up capital of Rs 0.48 M, as per Ministry of Corporate Affairs (MCA) records.

Amit Badiyani, Mahabanoo Contractor, and Ashish Parikh serve as directors at the Company.

Company Details

  • Location

    Mumbai, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address
  • Website
  • Social Media
  • Apps

Corporate Identity Details

  • CIN/LLPIN

    U72200MH2015PTC269096

  • Company No.

    269096

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    12 Oct 2015

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Mumbai

Industry

Financial Services

Who are the key members and board of directors at Frictionfree Solutions?

Board Members (3)

Name Designation Appointment Date Status
Amit Badiyani Country flag representing In Director 12-Oct-2015 Current
Mahabanoo Contractor Country flag representing In Director 12-Oct-2015 Current
Ashish Parikh Country flag representing In Director 23-Apr-2020 Current

Financial Performance of Frictionfree Solutions.

Frictionfree Solutions Private Limited, for the financial year ended 2016, experienced no change in revenue, with a 0% increase. The company also saw a no change in profitability, with a 0% increase in profit. The company's net worth witnessed no change by increase of 0%.

Graph illustrating revenue growth over time
Graph showing profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023) YOY Growth
(FY 2022) (FY 2021) (FY 2020) (FY 2019)
Total Revenue
Revenue from Operations
Total Assets
Profit or Loss
Net Worth
EBITDA

What is the Ownership and Shareholding Structure of Frictionfree Solutions?

In 2016, Frictionfree Solutions had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Placeholder for charges-related data

There are no open charges registered against the company as per our records.

How Many Employees Work at Frictionfree Solutions?

Unlock and access historical data on people associated with Frictionfree Solutions, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Frictionfree Solutions, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Frictionfree Solutions's trajectory.

Rating

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Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Frictionfree Solutions

Recent activity within the organization

  • Annual General Meeting

    Frictionfree Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

    30 Sep 2023

  • Balance Sheet

    Frictionfree Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Mumbai.

    31 Mar 2023

  • Director Appointment

    Ashish Mahendra Parikh was appointed as a Director was appointed as a Director on 23 Apr 2020 & has been associated with this company since 4 years 9 months .

    23 Apr 2020

  • Director Appointment

    Amit Arvind Badiyani was appointed as a Director was appointed as a Director on 12 Oct 2015 & has been associated with this company since 9 years 3 months .

    12 Oct 2015

  • Director Appointment

    Mahabanoo Jehangir Contractor was appointed as a Director was appointed as a Director on 12 Oct 2015 & has been associated with this company since 9 years 3 months .

    12 Oct 2015

  • Company Incorporation

    Frictionfree Solutions Private Limited was registered on 12 Oct 2015 with Roc Mumbai & aged 9 years 3 months as per MCA records.

    12 Oct 2015

Frequently asked questions

  • Frictionfree Solutions Private Limited was incorporated on 12 Oct 2015.

  • The authorized share capital of Frictionfree Solutions Private Limited is ₹ 5.00 M and paid-up capital is ₹ 0.48 M.

  • Currently 3 directors are associated with Frictionfree Solutions Private Limited.

    • Amit Arvind Badiyani
    • Mahabanoo Jehangir Contractor
    • Ashish Mahendra Parikh
  • As per Ministry of Corporate Affairs (Mca), the registered address of Frictionfree Solutions Private Limited is Floor 4 Plot-231 Commissariat Building Dadabhai Nawroji Road Handloom House F Ort, India, Mumbai, Maharashtra, 400001.

  • The corporate identification number (CIN) of Frictionfree Solutions Private Limited is U72200MH2015PTC269096 and the company number is 269096 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Frictionfree Solutions Private Limited is https://www.paytonic.com

  • The most recent Balance Sheet for Frictionfree Solutions Private Limited was filed with the ROC on 31 Mar 2023.