India1 Payments Profile
Key Indicators
- Authorised Capital ₹ 22.50 Cr
- Paid Up Capital ₹ 16.21 Cr
- Company Age 18 Year, 9 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 1,976.19 Cr
- Satisfied Charges ₹ 258.74 Cr
- Revenue Growth 27.61%
- Profit Growth 119.29%
- Ebitda 59.16%
- Net Worth 2.58%
- Total Assets 7.57%
About India1 Payments
India1 Payments Limited (IPL) is a leading Public Limited Foreign Company Incorporated In India incorporated in India on 30 June 2006 and has a history of 18 years and nine months. Its registered office is in Bangaluru, Karnataka, India.
The Corporate was formerly known as Banktech India Private Limited. 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 22.50 Cr and a paid-up capital of Rs 16.21 Cr.
The company currently has active open charges totaling ₹1,976.19 Cr. The company has closed loans amounting to ₹258.74 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at India1 Payments Limited India are Sanjay Bajaj as CFO and Mohit Nagar as Company Secretary. David Glen, Srinivas Kondethimmanapalli, Natrajh Ramakrishna, and Four other members serve as directors at the Company.
Company Details
- Location
Bangaluru, Karnataka, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U93090KA2006FLC050581
- Company No.
050581
- Company Classification
Public Limited Foreign Company Incorporated In India
- Incorporation Date
30 Jun 2006
- Date of AGM
30 Aug 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Bangalore
Industry
Financial Services
India1 Payments Limited
Explore comprehensive data for India1 Payments Limited, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at India1 Payments?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Sanjay Bajaj  | CFO | 02-Aug-2021 | Current |
| Srinivas Kondethimmanapalli | Managing Director | 02-Dec-2013 | Current |
| Mohit Nagar | Company Secretary | 02-Aug-2021 | Current |
Board Members (6)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Peter Blackett  | Nominee Director | 14-Aug-2013 | Current |
| Nikhil Mohta | Nominee Director | 05-Feb-2019 | Current |
| David Glen | Director | 30-Jun-2006 | Current |
| Natrajh Ramakrishna | Director | 01-Sep-2021 | Current |
| Amrita Gangotra | Director | 01-Sep-2021 | Current |
| Ruchita Aggarwal | Director | 01-Sep-2021 | Current |
Financial Performance of India1 Payments.
India1 Payments Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 27.61% increase. The company also saw a substantial improvement in profitability, with a 119.29% increase in profit. The company's net worth moved up by a moderate rise of 2.58%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of India1 Payments?
In 2023, India1 Payments had a promoter holding of 50.60% and a public holding of 49.40%. The company had 1 Associate company. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Vastu Finserve India Private LimitedNatrajh Ramakrishna is a mutual person
Drt-Anthea Aroma Chemicals Private LimitedNikhil Mohta is a mutual person
Confederation Of Atm IndustrySrinivas Kondethimmanapalli is a mutual person
Vastu Housing Finance Corporation LimitedNatrajh Ramakrishna is a mutual person
Solar Industries India LimitedNatrajh Ramakrishna is a mutual person
- Economic Explosives Limited
Natrajh Ramakrishna is a mutual person
Charges (Loans)
Open Charges
₹1,976.19 Cr
Satisfied Charges
₹258.74 Cr
Charges Breakdown by Lending Institutions
- Others : 1486.19 Cr
- Hdfc Bank Limited : 250.00 Cr
- The Hongkong And Shanghai Banking Corporation Limited : 100.00 Cr
- State Bank Of India : 90.00 Cr
- Yes Bank Limited : 50.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 13 Feb 2023 | The Hongkong And Shanghai Banking Corporation Limited | ₹100.00 Cr | Open |
| 26 Jul 2021 | State Bank Of India | ₹90.00 Cr | Open |
| 24 Jun 2021 | Yes Bank Limited | ₹50.00 Cr | Open |
| 20 Mar 2021 | Others | ₹0.47 M | Open |
| 09 Mar 2021 | Hdfc Bank Limited | ₹250.00 Cr | Open |
How Many Employees Work at India1 Payments?
Unlock and access historical data on people associated with India1 Payments, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.
Deals i
Gain comprehensive insights into the Deals and Valuation data of India1 Payments, 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 India1 Payments'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 India1 Payments
Recent activity within the organization
- Annual General Meeting
India1 Payments Limited last Annual general meeting of members was held on 30 Aug 2024 as per latest MCA records.
- Balance Sheet
India1 Payments Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
- Charges
A charge with Others of Rs. 325.00 Cr registered on 25 Sep 2014 with Charge ID 10525680 was modified on 03 Jan 2024.
- Charges
A charge with Others of Rs. 125.00 Cr registered on 18 Sep 2020 with Charge ID 100376688 was modified on 19 Dec 2023.
- Charges
A charge with Yes Bank Limited of Rs. 50.00 Cr registered on 24 Jun 2021 with Charge ID 100453807 was modified on 11 Oct 2023.
- Charges
A charge registered on 18 Dec 2017 via Charge ID 100149791 with Axis Bank Limited was fully satisfied on 03 May 2023.
Recent News, Updates & Announcement
No IPO, No Problem: Company Focuses on Business Growth Instead of Going Public.When you want to go public but the market is not in your favor, so you decide to chill and focus on your business instead. No IPO, no problem. We got enough cash flow to keep deploying ATMs and we don't need more money from our shareholders. The board will decide when it's the right time to go public. We're not in a rush, we'll get there eventually..
- BTI Payments Seeks 250 Crore Investment to Expand White Label ATM Business.
BTI Payments wants to raise 250 crore from PE funds to expand their white label ATM business. They started in 2013 and are owned by Banktech Group Pty. Ltd. They have installed 3,000 ATMs in smaller cities and plan to install 9,000 by March. Their competitors include AGS Transact Technologies and Hitachi Payment Services. While electronic payments may affect ATM usage, there is still potential for growth in semi-urban and rural areas..
Frequently asked questions
What is the Incorporation or founding date of India1 Payments Limited?
India1 Payments Limited was incorporated on 30 Jun 2006.
What is authorized share capital and paid-up capital of India1 Payments Limited?
The authorized share capital of India1 Payments Limited is ₹ 22.50 Cr and paid-up capital is ₹ 16.21 Cr.
Who are the current board members & directors of India1 Payments Limited?
Currently 9 directors are associated with India1 Payments Limited.
- Sanjay Kumar Bajaj
- David Scott Glen
- Srinivas Kondethimmanapalli
- Natrajh Ramakrishna
- Peter Alexander Blackett
- Amrita Gangotra
- Ruchita Taneja Aggarwal
- Mohit Nagar
- Nikhil Mohta
What is the registered address of India1 Payments Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of India1 Payments Limited is Unitsno.801To810 8Thfloor Towerb Diamonddistrict 150, Oldairportroa D India, Bengaluru, Karnataka, 560008.
What is the corporate identification number (CIN) and company number of India1 Payments Limited?
The corporate identification number (CIN) of India1 Payments Limited is U93090KA2006FLC050581 and the company number is 050581 as per Ministry of Corporate Affairs (MCA).
What is the official website of India1 Payments Limited?
The Official website of India1 Payments Limited is https://www.india1payments.in
What has been the recent revenue trend for India1 Payments Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for India1 Payments Limited has risen by 27.61%.
What change has been observed in the net worth of India1 Payments Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of India1 Payments Limited has experienced an upsurge of 2.58%.
What are the total open charges for India1 Payments Limited?
As per the financial statements for fiscal Year 2023, The total open charges for India1 Payments Limited amount to ₹ 1,976.19 Cr.
When was the last Balance Sheet of India1 Payments Limited filed with the ROC?
The most recent Balance Sheet for India1 Payments Limited was filed with the ROC on 31 Mar 2024.
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