Groww Pay Services Profile
Key Indicators
- Authorised Capital ₹ 10.00 Cr
- Paid Up Capital ₹ 8.00 Cr
- Company Age 3 Year, 10 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 ten months 21 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
- 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
Groww Pay Services Private Limited
Explore comprehensive data for Groww Pay Services Private Limited, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Groww Pay Services?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Abinav Karthik | CEO | 02-Jun-2023 | Current |
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Ashutosh Naik  | Director | 02-Jul-2021 | Current |
| Neeraj Singh | Director | 10-Mar-2023 | Current |
| Abinav Karthik | Director | 10-Mar-2023 | Current |
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%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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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.
Related Corporates (Common Directorship)
- Billionbrains Garage Ventures Private Limited
Neeraj Singh is a mutual person
- Groww Creditserv Technology Private Limited
Ashutosh Naik and Abinav Karthik are mutual person
- Groww Trustee Limited
Ashutosh Naik is a mutual person
- Groww Ifsc Private Limited
Ashutosh Naik is a mutual person
Groww Wealth Management Private LimitedNeeraj Singh is a mutual person
Charges (Loans)
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.
Deals i
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
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
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.
- Balance Sheet
Groww Pay Services Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
- 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 11 months .
- 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 2 years 2 months .
- 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 2 years 2 months .
- 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 10 months .
Recent News, Updates & Announcement
- Groww and Zerodha's New Features Protect F&O Traders from Losses and High-Risk Bets - Trade Responsibly!.
When you lose money in F&O trading, Groww's new feature got you covered. It helps you exit when you hit a certain loss. 15% of their customers are into this risky business, but don't worry, they got your back. They also have a 'anti-nudge' feature to warn you about high-risk bets. Zerodha also has a similar feature. Let's trade responsibly, guys..
- Funding Winter shuts over 35,000 startups in 2023. Will VCs fund tech platforms this year? | Mint.
Indian startup ecosystem faced challenges in 2023 with funding winter intensifying, leading to venture closures. Deal volume and size declined, mega rounds dropped by 70%, and unicorns decreased. Tech startups saw a decline while focus shifted to traditional sectors. .
- Groww App Not Working: Users Unable to Login as Financial Trading Platform Faces Technical Glitch,.
Groww App, a popular trading app, was recently reportedly by the users on X to be showing error while accessing it. The users complained on X about the 'Groww App Not Working' issue and the company responded by fixing the error. .
Frequently asked questions
What is the Incorporation or founding date of Groww Pay Services Private Limited?
Groww Pay Services Private Limited was incorporated on 02 Jul 2021.
What is authorized share capital and paid-up capital of Groww Pay Services Private Limited?
The authorized share capital of Groww Pay Services Private Limited is ₹ 10.00 Cr and paid-up capital is ₹ 8.00 Cr.
Who are the current board members & directors of Groww Pay Services Private Limited?
Currently 4 directors are associated with Groww Pay Services Private Limited.
- Neeraj Singh
- Ashutosh Ashok Naik
- Abinav Prakash Viswanathan Karthik
- Abinav Karthik
What is the registered address of Groww Pay Services Private Limited?
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.
What is the corporate identification number (CIN) and company number of Groww Pay Services Private Limited?
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).
What is the official website of Groww Pay Services Private Limited?
The Official website of Groww Pay Services Private Limited is https://www.groww.in
What has been the recent revenue trend for Groww Pay Services Private Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Groww Pay Services Private Limited has risen by 298.01%.
How many employees does Groww Pay Services Private Limited currently have?
As Per 2023 financial reports, 28 employees are currently employed by Groww Pay Services Private Limited.
What change has been observed in the net worth of Groww Pay Services Private Limited, and by what percentage?
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%.
When was the last Balance Sheet of Groww Pay Services Private Limited filed with the ROC?
The most recent Balance Sheet for Groww Pay Services Private Limited was filed with the ROC on 31 Mar 2024.
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