Paynext Private Limited

Digital payment solutions for various industries, including banking, retail, and telecom.

2019 | Mumbai, Maharashtra (India) | Active
Last Updated:

Paynext Profile

Key Indicators

  • Authorised Capital ₹ 1.00 Cr
  • Paid Up Capital ₹ 1.00 Cr
  • Company Age 6 Year, 1 Month
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 4.70 Cr
  • Satisfied Charges ₹ 3.50 Cr
  • Revenue Growth 6.54%
  • Profit Growth 715.90%
  • Ebitda 1892.17%
  • Net Worth 629.26%
  • Total Assets 97.67%

About Paynext

Paynext Private Limited (PPL) is a registered startup operating as a Private Limited Indian Non-Government Company incorporated in India on 24 January 2019 (Six years and one month 9 days old ). 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 1.00 Cr and a paid-up capital of Rs 1.00 Cr.

The company currently has active open charges totaling ₹4.70 Cr. The company has closed loans amounting to ₹3.50 Cr, as per Ministry of Corporate Affairs (MCA) records.

Avinash Shende, Sachin Pande, and Maulik Joshi serve as directors at the Company.

Company Details

  • Location

    Mumbai, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    paynext.co.in

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U72200MH2019PTC320131

  • Company No.

    320131

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    24 Jan 2019

  • Date of AGM

    30 Sep 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 Paynext?

Board Members (3)

NameDesignationAppointment DateStatus
Sachin Pande Country flag representing In Director 24-Jan-2019Current
Avinash Shende Country flag representing In Director 24-Jan-2019Current
Maulik Joshi Country flag representing In Director 04-May-2022Current

Financial Performance of Paynext.

Paynext Private Limited, for the financial year ended 2023, experienced modest growth in revenue, with a 6.54% increase. The company also saw a substantial improvement in profitability, with a 715.9% increase in profit. The company's net worth Soared by an impressive increase of 629.26%.

Paynext revenue growth over time
Paynext 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
6.54%
Revenue from Operations
6.54%
Total Assets
97.67%
Profit or Loss
715.90%
Net Worth
629.26%
EBITDA
1892.17%

What is the Ownership and Shareholding Structure of Paynext?

In 2023, Paynext had a public holding of 0.25%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹4.70 Cr

Satisfied Charges

₹3.50 Cr

Charges Breakdown by Lending Institutions

  • Uco Bank : 4.70 Cr

Latest Charge Details

DateLenderAmountStatus
13 Dec 2023Uco Bank₹4.70 CrOpen
22 Sep 2022Indian Bank₹3.50 CrSatisfied

How Many Employees Work at Paynext?

Paynext has a workforce of 19 employees as of Mar 30, 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.

Employee growth trends for Paynext Private Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Paynext, 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 Paynext'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 Paynext

Recent activity within the organization

  • Charges

    A charge registered on 22 Sep 2022 via Charge ID 100625865 with Indian Bank was fully satisfied on 19 Jan 2024.

  • Charges

    A charge with Uco Bank amounted to Rs. 4.70 Cr with Charge ID 100850582 was registered on 13 Dec 2023.

  • Annual General Meeting

    Paynext Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

  • Balance Sheet

    Paynext Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Mumbai.

  • Charges

    A charge with Indian Bank amounted to Rs. 3.50 Cr with Charge ID 100625865 was registered on 22 Sep 2022.

  • Director Appointment

    Maulik Bansilal Joshi was appointed as a Director was appointed as a Director on 04 May 2022 & has been associated with this company since 2 years 10 months .

Frequently asked questions

  • What is the Incorporation or founding date of Paynext Private Limited?

    Paynext Private Limited was incorporated on 24 Jan 2019.

  • What is authorized share capital and paid-up capital of Paynext Private Limited?

    The authorized share capital of Paynext Private Limited is ₹ 1.00 Cr and paid-up capital is ₹ 1.00 Cr.

  • Who are the current board members & directors of Paynext Private Limited?

    Currently 3 directors are associated with Paynext Private Limited.

    • Avinash Narayanrao Shende
    • Sachin Purushottam Pande
    • Maulik Bansilal Joshi

  • What is the registered address of Paynext Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Paynext Private Limited is 2Nd Floor 1 A Esspee Tower Datta Pada Road Opp Oberoy Sky City Borivali (E), India, Mumbai, Maharashtra, 400066.

  • What is the corporate identification number (CIN) and company number of Paynext Private Limited?

    The corporate identification number (CIN) of Paynext Private Limited is U72200MH2019PTC320131 and the company number is 320131 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Paynext Private Limited?

    The Official website of Paynext Private Limited is https://www.paynext.co.in

  • What has been the recent revenue trend for Paynext Private Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Paynext Private Limited has risen by 6.54%.

  • How many employees does Paynext Private Limited currently have?

    As Per 2023 financial reports, 19 employees are currently employed by Paynext Private Limited.

  • What change has been observed in the net worth of Paynext Private Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Paynext Private Limited has experienced an upsurge of 629.26%.

  • What are the total open charges for Paynext Private Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Paynext Private Limited amount to ₹ 4.70 Cr.

  • When was the last Balance Sheet of Paynext Private Limited filed with the ROC?

    The most recent Balance Sheet for Paynext Private Limited was filed with the ROC on 31 Mar 2023.