Paymate India Profile
Key Indicators
- Authorised Capital ₹ 205.66 Cr
- Paid Up Capital ₹ 189.73 Cr
- Company Age 18 Year, 11 Months
- Last Filing with ROC 31 Mar 2023
- Satisfied Charges ₹ 1.26 Cr
- Revenue Growth 11.85%
- Profit Growth 27.03%
- Ebitda 23.19%
- Net Worth -21.53%
- Total Assets 19.61%
About Paymate India
Paymate India Limited (PIL) is a leading Public Limited Indian Non-Government Company incorporated in India on 12 May 2006 and has a history of 18 years and 11 months. Its registered office is in Mumbai, Maharashtra, India.
The Corporate was formerly known as Paymate India Private Limited. The Company is engaged in the Finance And Insurance 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 205.66 Cr and a paid-up capital of Rs 189.73 Cr.
The company has closed loans amounting to ₹1.26 Cr, and has no open charges as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Paymate India Limited India are Vishvanathan Subramanian as CFO and Nanda Harish as Company Secretary. Ajay Adiseshan, Monica Niranjan, Sandeep Murthy, and Three other members serve as directors at the Company.
Company Details
- Location
Mumbai, Maharashtra, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
- Apps
Corporate Identity Details
- CIN/LLPIN
U72200MH2006PLC205023
- Company No.
205023
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
12 May 2006
- Date of AGM
30 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Mumbai
Industry
Finance and Insurance
What products or services does Paymate India Limited offer?
Paymate India Limited offers a wide range of products and services, including Payment Processing Service, Online Payment Solution, Application Development Service, Cloud Application Development, Business Planning and Management, Business Consultant, Computer and Mobile Softwares & Apps, Accounting & Billing Software.
Paymate India Limited
Explore comprehensive data for Paymate India Limited, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Paymate India?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Ajay Adiseshan  | Managing Director | 12-May-2006 | Current |
| Vishvanathan Subramanian | CFO | 15-Sep-2021 | Current |
| Nanda Harish | Company Secretary | 01-Aug-2018 | Current |
Board Members (5)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Sandeep Murthy  | Nominee Director | 16-Nov-2006 | Current |
| Vishvanathan Subramanian | Whole-Time Director | 21-Jun-2008 | Current |
| Ashimkumar Banerjee | Director | 07-Mar-2022 | Current |
| Monica Niranjan | Director | 07-Mar-2022 | Current |
| Kevin Phalen | Director | 18-Dec-2021 | Current |
Financial Performance of Paymate India.
Paymate India Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 11.85% increase. The company also saw a substantial improvement in profitability, with a 27.03% increase in profit. The company's net worth observed a substantial decline by a decrease of 21.53%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Paymate India?
In 2022, Paymate India had a promoter holding of 59.06% and a public holding of 40.93%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
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Charges (Loans)
Open Charges
₹0
Satisfied Charges
₹1.26 Cr
Charges Breakdown by Lending Institutions
- Indian Overseas Bank : 0.60 Cr
- Corporation Bank : 0.41 Cr
- Others : 0.25 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 17 Jun 2021 | Others | ₹2.50 M | Satisfied |
| 13 Jun 2011 | Corporation Bank | ₹4.11 M | Satisfied |
| 16 Mar 2011 | Indian Overseas Bank | ₹6.00 M | Satisfied |
How Many Employees Work at Paymate India?
Paymate India has a workforce of 88 employees as of Mar 29, 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 Paymate India, 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 Paymate India'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 Paymate India
Recent activity within the organization
- Charges
A charge registered on 17 Jun 2021 via Charge ID 100456773 with Others was fully satisfied on 16 Oct 2023.
- Annual General Meeting
Paymate India Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
- Balance Sheet
Paymate India Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Mumbai.
- Director Appointment
Monica Doshi Niranjan was appointed as a Director was appointed as a Director on 07 Mar 2022 & has been associated with this company since 3 years 1 month .
- Director Appointment
Ashimkumar Jaswantkumar Banerjee was appointed as a Director was appointed as a Director on 07 Mar 2022 & has been associated with this company since 3 years 1 month .
- Director Appointment
Kevin Christopher Phalen was appointed as a Director was appointed as a Director on 18 Dec 2021 & has been associated with this company since 3 years 3 months .
Recent News, Updates & Announcement
- National Bank of Oman taps PayMate for B2B payments.
In a significant move towards modernising business-to-business (B2B) payment processes, PayMate India SPC, a leading B2B digital payments company, has signed a Memoranda of Understanding (MoU) with the National Bank of Oman (NBO) to digitise, automate, and streamline B2B payments using Visa Business Credit Cards..
- PayMate Sees 12% Revenue Growth, Plans for Net Profit and Public Offering with Visa's Support.
PayMate, a business payout company, has seen a 12% revenue growth and reduced losses in FY23. They aim to hit net profit this year and are preparing for a public offering. With backing from Visa, they have expanded to international markets and have a headcount of 110. They offer various payment options and have onboarded 1,496 enterprise customers and 189,419 small and medium enterprises..
- Sohar International partners with PayMate to empower local businesses with B2B payments solution.
Aims to digitize, automate, and streamline B2B payments using bank-issued corporate credit cards.
Frequently asked questions
What is the Incorporation or founding date of Paymate India Limited?
Paymate India Limited was incorporated on 12 May 2006.
What is authorized share capital and paid-up capital of Paymate India Limited?
The authorized share capital of Paymate India Limited is ₹ 205.66 Cr and paid-up capital is ₹ 189.73 Cr.
Who are the current board members & directors of Paymate India Limited?
Currently 8 directors are associated with Paymate India Limited.
- Ajay Adiseshan
- Monica Doshi Niranjan
- Sandeep Murthy
- Ashimkumar Jaswantkumar Banerjee
- Vishvanathan Subramanian
- Kevin Christopher Phalen
- Vishvanathan Subramanian
- Nanda Harish
What is the registered address of Paymate India Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Paymate India Limited is No.111 1St Floor A Wing Sundervilla, S.V.Road Santacruz (West), Mumbai, Maharashtra, India, 400054.
What is the corporate identification number (CIN) and company number of Paymate India Limited?
The corporate identification number (CIN) of Paymate India Limited is U72200MH2006PLC205023 and the company number is 205023 as per Ministry of Corporate Affairs (MCA).
What is the official website of Paymate India Limited?
The Official website of Paymate India Limited is https://www.paymate.in
What has been the recent revenue trend for Paymate India Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Paymate India Limited has risen by 11.85%.
How many employees does Paymate India Limited currently have?
As Per 2023 financial reports, 88 employees are currently employed by Paymate India Limited.
What change has been observed in the net worth of Paymate India Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Paymate India Limited has experienced an downturn of -21.53%.
When was the last Balance Sheet of Paymate India Limited filed with the ROC?
The most recent Balance Sheet for Paymate India Limited was filed with the ROC on 31 Mar 2023.
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