Paycraft Solutions Profile
Key Indicators
- Authorised Capital ₹ 1.20 Cr
- Paid Up Capital ₹ 1.03 Cr
- Company Age 11 Year, 7 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 15.37 Cr
- Satisfied Charges ₹ 4.40 Cr
- Revenue Growth -22.60%
- Profit Growth -17.77%
- Ebitda 441.70%
- Net Worth 6.54%
- Total Assets 34.64%
About Paycraft Solutions
Paycraft Solutions Private Limited (PSPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 12 September 2013 and has a history of 11 years and seven months. 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 1.20 Cr and a paid-up capital of Rs 1.03 Cr.
The company currently has active open charges totaling ₹15.37 Cr. The company has closed loans amounting to ₹4.40 Cr, as per Ministry of Corporate Affairs (MCA) records.
Ambarish Parekh, Palakunnath Suresh, Ravi Jain, and Two other members 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
U72200MH2013PTC283149
- Company No.
283149
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
12 Sep 2013
- Date of AGM
30 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Mumbai
Industry
Financial Services
Paycraft Solutions Private Limited
Explore comprehensive data for Paycraft Solutions Private Limited, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Paycraft Solutions?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Ambarish Parekh  | Managing Director | 01-Jul-2022 | Current |
Board Members (4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Palakunnath Suresh | Director | 01-Apr-2014 | Current |
| Ravi Jain | Director | 12-Sep-2013 | Current |
| Pankaj Ganguly | Director | 01-Sep-2022 | Current |
| Sunil Kaushal | Director | 01-Sep-2022 | Current |
Financial Performance of Paycraft Solutions.
Paycraft Solutions Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 22.6% decrease. The company also saw a substantial fall in profitability, with a 17.77% decrease in profit. The company's net worth moved up by a moderate rise of 6.54%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Paycraft Solutions?
In 2023, Paycraft Solutions had a promoter holding of 95.24% and a public holding of 4.76%. The company had 2 Subsidiaries. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
- Paycraft Urban Solutions Private Limited
Palakunnath Suresh and Ravi Jain are mutual person
- Paycraft Mobile Solutions Private Limited
Ravi Jain is a mutual person
Solana Biofuels LimitedPalakunnath Suresh is a mutual person
Iodl FoundationAmbarish Parekh is a mutual person
- Banasura Holidays Llp
Palakunnath Suresh is a mutual person
- Fuelcraft Solutions Private Limited
Palakunnath Suresh is a mutual person
Charges (Loans)
Open Charges
₹15.37 Cr
Satisfied Charges
₹4.40 Cr
Charges Breakdown by Lending Institutions
- Others : 14.72 Cr
- Hdfc Bank Limited : 0.65 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 10 Nov 2022 | Others | ₹3.16 M | Open |
| 07 Jun 2022 | Hdfc Bank Limited | ₹4.50 M | Open |
| 11 Dec 2020 | Hdfc Bank Limited | ₹2.00 M | Open |
| 13 Oct 2020 | Others | ₹9.04 M | Open |
| 01 Nov 2018 | Others | ₹13.50 Cr | Open |
How Many Employees Work at Paycraft Solutions?
Paycraft Solutions has a workforce of 183 employees as of Apr 03, 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 Paycraft 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 Paycraft Solutions'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 Paycraft Solutions
Recent activity within the organization
- Annual General Meeting
Paycraft Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
- Balance Sheet
Paycraft Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Mumbai.
- Charges
A charge with Others of Rs. 13.50 Cr registered on 01 Nov 2018 with Charge ID 100216727 was modified on 04 Jan 2023.
- Charges
A charge with Others amounted to Rs. 0.32 Cr with Charge ID 100663807 was registered on 10 Nov 2022.
- Director Appointment
Pankaj Ganguly was appointed as a Director was appointed as a Director on 01 Sep 2022 & has been associated with this company since 2 years 8 months .
- Director Appointment
Sunil Kaushal was appointed as a Director was appointed as a Director on 01 Sep 2022 & has been associated with this company since 2 years 8 months .
Recent News, Updates & Announcement
PayCraft partners with NSDL Payments Bank and NPCI to launch Corporate Transit Card.The card will be offered to customers across India by June end. It also comes with a corporate expense management platform for employers. .
- Airtel Payments Bank and Paycraft Solutions to Set Up AFC System for Surat Metro.
Airtel Payments Bank and PayCraft Solutions have been awarded the contract to set up the Automatic Fare Collection (AFC) System for Surat Metro in partnership with Gujarat Metro Rail Corporation (GMRC). Read on to learn how this partnership will promote safe, contactless travel and enable seamless travel across India with NCMC and EMV cards..
- Paycraft Named Official Ticketing Service Provider for Chennai Metro's Singara Chennai Card, Launches Digital Smart Card Solution with NCMC Open Loop Compatibility.
Paycraft, a local payments company, will be the Official Ticketing Service Provider for Chennai Metro's Singara Chennai Card. They will manage the NCMC Card ticketing system and have previously launched a similar system for Pune Metro. The Digital Smart Card Ticketing Solution includes an Automated Fare Collection System that accepts NCMC Open Loop Cards from any bank in India. Paycraft's CEO and President expressed their pride and gratitude for the opportunity to facilitate seamless travel for Chennai citizens. They also thanked State Bank of India for their support in implementing the NCMC Open Loop SINGARA CHENNAI CARD. This partnership is a step towards true interoperability for transit in India and Paycraft is dedicated to enabling and easing urban mobility through their fintech payments platform..
Frequently asked questions
What is the Incorporation or founding date of Paycraft Solutions Private Limited?
Paycraft Solutions Private Limited was incorporated on 12 Sep 2013.
What is authorized share capital and paid-up capital of Paycraft Solutions Private Limited?
The authorized share capital of Paycraft Solutions Private Limited is ₹ 1.20 Cr and paid-up capital is ₹ 1.03 Cr.
Who are the current board members & directors of Paycraft Solutions Private Limited?
Currently 5 directors are associated with Paycraft Solutions Private Limited.
- Ambarish Parekh
- Palakunnath Thekkadancheri Suresh
- Ravi Vinod Jain
- Pankaj Ganguly
- Sunil Kaushal
What is the registered address of Paycraft Solutions Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Paycraft Solutions Private Limited is Office. No-B-1103 Kailas Business Park 11Th Floor Veer Savarkar Marg Vikhroli West, India, Mumbai, Maharashtra, 400079.
What is the corporate identification number (CIN) and company number of Paycraft Solutions Private Limited?
The corporate identification number (CIN) of Paycraft Solutions Private Limited is U72200MH2013PTC283149 and the company number is 283149 as per Ministry of Corporate Affairs (MCA).
What is the official website of Paycraft Solutions Private Limited?
The Official website of Paycraft Solutions Private Limited is https://www.paycraftsol.com
What has been the recent revenue trend for Paycraft Solutions Private Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Paycraft Solutions Private Limited has fallen by -22.60%.
How many employees does Paycraft Solutions Private Limited currently have?
As Per 2023 financial reports, 183 employees are currently employed by Paycraft Solutions Private Limited.
What change has been observed in the net worth of Paycraft Solutions Private Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Paycraft Solutions Private Limited has experienced an upsurge of 6.54%.
What are the total open charges for Paycraft Solutions Private Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Paycraft Solutions Private Limited amount to ₹ 15.37 Cr.
When was the last Balance Sheet of Paycraft Solutions Private Limited filed with the ROC?
The most recent Balance Sheet for Paycraft Solutions Private Limited was filed with the ROC on 31 Mar 2023.
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