Groww Pay Services Private Limited

Provides payment aggregator and gateway services, financial intermediation, and online investment platform.

2021 | Bangaluru, Karnataka (India) | Active
Last Updated: November 16, 2024

Groww Pay Services Profile

Key Indicators

  • Authorised Capital ₹ 10.00 Cr
  • Paid Up Capital ₹ 8.00 Cr
  • Company Age 3 Year, 7 Months
  • Last Filing with ROC 31 Mar 2024
  • Revenue Growth 298.01%
  • Profit Growth 76.81%
  • Ebitda 41.33%
  • Net Worth -2.86%
  • Total Assets -8.87%

About Groww Pay Services

Groww Pay Services Private Limited (GPSPL) is a Private Limited Indian Non-Government Company incorporated in India on 02 July 2021 (Three years and seven months 23 days old ). Its registered office is in Bangaluru, Karnataka, 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 2024. It's a company limited by shares with an authorized capital of Rs 10.00 Cr and a paid-up capital of Rs 8.00 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Groww Pay Services Private Limited India is Abinav Karthik as CEO. Neeraj Singh, Ashutosh Naik, and Abinav Karthik serve as directors at the Company.

Company Details

  • Location

    Bangaluru, Karnataka, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    groww.in

  • Social Media
  • Apps

Corporate Identity Details

  • CIN/LLPIN

    U67100KA2021PTC149048

  • Company No.

    149048

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    02 Jul 2021

  • Date of AGM

    01 Aug 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Bangalore

Industry

Financial Services

Who are the key members and board of directors at Groww Pay Services?

Executive Team (1)

NameDesignationAppointment DateStatus
Abinav Karthik CEO02-Jun-2023Current

Board Members (3)

NameDesignationAppointment DateStatus
Ashutosh Naik Country flag representing In Director 02-Jul-2021Current
Neeraj Singh Country flag representing In Director 10-Mar-2023Current
Abinav Karthik Director 10-Mar-2023Current

Financial Performance of Groww Pay Services.

Groww Pay Services Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 298.01% increase. The company also saw a substantial improvement in profitability, with a 76.81% increase in profit. The company's net worth dipped by a decrease of 2.86%.

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
298.01%
Revenue from Operations
406.61%
Total Assets
-8.87%
Profit or Loss
76.81%
Net Worth
-2.86%
EBITDA
41.33%

What is the Ownership and Shareholding Structure of Groww Pay Services?

In 2022, Groww Pay Services 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 Groww Pay Services?

Groww Pay Services has a workforce of 28 employees as of Apr 07, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Groww Pay Services, 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 Groww Pay Services's trajectory.

Rating

Graph displaying rating trends over time

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 Groww Pay Services

Recent activity within the organization

  • Annual General Meeting

    Groww Pay Services Private Limited last Annual general meeting of members was held on 01 Aug 2024 as per latest MCA records.

    01 Aug 2024

  • Balance Sheet

    Groww Pay Services Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.

    31 Mar 2024

  • Director Appointment

    Abinav Karthik was appointed as a Ceo was appointed as a Ceo on 02 Jun 2023 & has been associated with this company since 1 year 8 months .

    02 Jun 2023

  • Director Appointment

    Neeraj Singh was appointed as a Director was appointed as a Director on 10 Mar 2023 & has been associated with this company since 1 year 11 months .

    10 Mar 2023

  • Director Appointment

    Abinav Prakash Viswanathan Karthik was appointed as a Director was appointed as a Director on 10 Mar 2023 & has been associated with this company since 1 year 11 months .

    10 Mar 2023

  • Director Appointment

    Ashutosh Ashok Naik was appointed as a Director was appointed as a Director on 02 Jul 2021 & has been associated with this company since 3 years 7 months .

    02 Jul 2021

Recent News, Updates & Announcement

Frequently asked questions

  • Groww Pay Services Private Limited was incorporated on 02 Jul 2021.

  • The authorized share capital of Groww Pay Services Private Limited is ₹ 10.00 Cr and paid-up capital is ₹ 8.00 Cr.

  • Currently 4 directors are associated with Groww Pay Services Private Limited.

    • Neeraj Singh
    • Ashutosh Ashok Naik
    • Abinav Prakash Viswanathan Karthik
    • Abinav Karthik
  • As per Ministry of Corporate Affairs (Mca), the registered address of Groww Pay Services Private Limited is Vaishnavi Tech Park South Tower 4Th Floor Survey No.16/1 And 17/2 Ambalipura Village Varthur Hobli, Bangalore India, Bangalore South, Karnataka, 560103.

  • The corporate identification number (CIN) of Groww Pay Services Private Limited is U67100KA2021PTC149048 and the company number is 149048 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Groww Pay Services Private Limited is https://www.groww.in

  • According to the financial reports for the fiscal year 2023, the revenue trend for Groww Pay Services Private Limited has risen by 298.01%.

  • As Per 2023 financial reports, 28 employees are currently employed by Groww Pay Services Private Limited.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Groww Pay Services Private Limited has experienced an downturn of -2.86%.

  • The most recent Balance Sheet for Groww Pay Services Private Limited was filed with the ROC on 31 Mar 2024.

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