Jio Payment Solutions Limited

Develops innovative payment platform for merchants with 100K+ users and 300M+ transactions.

2007 | Mumbai, Maharashtra (India) | Active
Last Updated: July 02, 2024

Jio Payment Solutions Profile

Key Indicators

  • Authorised Capital ₹ 306.00 Cr
  • Paid Up Capital ₹ 275.80 Cr
  • Company Age 17 Year, 4 Months
  • Last Filing with ROC 31 Mar 2023
  • Satisfied Charges ₹ 76.12 Cr
  • Revenue Growth 30.76%
  • Profit Growth -128.65%
  • Ebitda -141.28%
  • Net Worth 55.31%
  • Total Assets 50.90%

About Jio Payment Solutions

Jio Payment Solutions Limited (JPSL) is a leading Public Limited Indian Non-Government Company incorporated in India on 07 September 2007 and has a history of 17 years and four months. Its registered office is in Mumbai, Maharashtra, India.

The Corporate was formerly known as Reliance Retail Travel & Forex Services 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 2023. It's a company limited by shares with an authorized capital of Rs 306.00 Cr and a paid-up capital of Rs 275.80 Cr.

The company has closed loans amounting to ₹76.12 Cr, and has no open charges as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Jio Payment Solutions Limited India are Ramesh Radhakrishnan as Ceo, Ritesh Porwal as Company Secretary, and Utpal Kundu as Cfo. Bimal Tanna, Rama Vedashree, and Hitesh Sethia serve as directors at the Company.

Company Details

  • Location

    Mumbai, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address
  • Website
  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U65923MH2007PLC173923

  • Company No.

    173923

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    07 Sep 2007

  • Date of AGM

    01 Aug 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 Jio Payment Solutions?

Executive Team (3)

NameDesignationAppointment DateStatus
Ramesh Radhakrishnan CEO13-Sep-2021Current
Ritesh Porwal Company Secretary17-Jan-2023Current
Utpal Kundu CFO10-Oct-2018Current

Board Members (3)

NameDesignationAppointment DateStatus
Hitesh Sethia Country flag representing De Director Current
Bimal Tanna Country flag representing In Director Current
Rama Vedashree Director 05-Feb-2024Current

Financial Performance of Jio Payment Solutions.

Jio Payment Solutions Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 30.76% increase. The company also saw a substantial fall in profitability, with a 128.65% decrease in profit. The company's net worth Soared by an impressive increase of 55.31%.

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
30.76%
Revenue from Operations
30.12%
Total Assets
50.90%
Profit or Loss
-128.65%
Net Worth
55.31%
EBITDA
-141.28%

What is the Ownership and Shareholding Structure of Jio Payment Solutions?

In 2023, Jio Payment 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)

Open Charges

₹0

Satisfied Charges

₹76.12 Cr

Charges Breakdown by Lending Institutions

  • Others : 76.12 Cr

Latest Charge Details

DateLenderAmountStatus
18 May 2016Others₹76.12 CrSatisfied

How Many Employees Work at Jio Payment Solutions?

Unlock and access historical data on people associated with Jio Payment 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 Jio Payment 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 Jio Payment Solutions'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 Jio Payment Solutions

Recent activity within the organization

  • Director Appointment

    Rama Vedashree was appointed as a Director was appointed as a Director on 05 Feb 2024 & has been associated with this company since 11 months 26 days .

    05 Feb 2024

  • Annual General Meeting

    Jio Payment Solutions Limited last Annual general meeting of members was held on 01 Aug 2023 as per latest MCA records.

    01 Aug 2023

  • Balance Sheet

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

    31 Mar 2023

  • Director Appointment

    Ritesh Porwal was appointed as a Company Secretary was appointed as a Company Secretary on 17 Jan 2023 & has been associated with this company since 2 years 14 days .

    17 Jan 2023

  • Director Appointment

    Ramesh Amoor Radhakrishnan was appointed as a Ceo was appointed as a Ceo on 13 Sep 2021 & has been associated with this company since 3 years 4 months .

    13 Sep 2021

  • Director Appointment

    Utpal Kundu was appointed as a Cfo was appointed as a Cfo on 10 Oct 2018 & has been associated with this company since 6 years 3 months .

    10 Oct 2018

Frequently asked questions

  • Jio Payment Solutions Limited was incorporated on 07 Sep 2007.

  • The authorized share capital of Jio Payment Solutions Limited is ₹ 306.00 Cr and paid-up capital is ₹ 275.80 Cr.

  • Currently 6 directors are associated with Jio Payment Solutions Limited.

    • Ramesh Amoor Radhakrishnan
    • Bimal Manu Tanna
    • Ritesh Porwal
    • Utpal Kundu
    • Rama Vedashree
    • Hitesh Kumar Sethia
  • As per Ministry of Corporate Affairs (Mca), the registered address of Jio Payment Solutions Limited is 5Th Floor Court House Lokmanya Tilak Marg, Dhobi Talao, Mumbai, Maharashtra, India, 400002.

  • The corporate identification number (CIN) of Jio Payment Solutions Limited is U65923MH2007PLC173923 and the company number is 173923 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Jio Payment Solutions Limited is https://www.jiopay.com

  • According to the financial reports for the fiscal year 2023, the revenue trend for Jio Payment Solutions Limited has risen by 30.76%.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Jio Payment Solutions Limited has experienced an upsurge of 55.31%.

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

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