Airpay Payment Services Private Limited - Due diligence report

A 360° intelligence report on Airpay: trust score, financial health, credit view, compliance, directors, growth and distress signals - gener…

2012-04-09 Mumbai, Maharashtra Active Unlisted Active Compliant
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AP Airpay Payment Services Private Limited
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Airpay — 360° Intelligence Report

Generated from MCA filings & public records
88/100
Trust Score
Low Risk

Airpay is assessed as Low Risk with a Trust Score of 88/100. Airpay is an active private limited indian non-government company incorporated in 2012, operating in the Financial Services sector. The company has shown revenue growth across its recent filed years. It was profitable in its latest filed year. Based on MCA filings and public records, it currently shows a low compliance risk and low financial risk profile.

Report generated on 30 Jun 2026 from the latest processed filings. Airpay Payment Services Private Limited snapshot & full profile →

Financial Health › Strong
Overall Assessment CautionWeakNeutralGoodStrong Strong
Compliance › Strong

Automated indicators derived from public MCA / GST / EPFO records - not a credit rating, not investment, legal or financial advice. Spotted an inaccuracy? Report an error.

02

Score Card

Higher is safer · rule-based & explainable
Trust ScoreLow Risk
88/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
82/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
90/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
60/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
85/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
80/100
Early-warning signals - higher means fewer warnings.
03

Financial Intelligence Dashboard

Standalone · 5 filed year(s)

Unlock the full 5-year financial dashboard with charts and year-wise figures.

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Scores and observations on this page are already computed from the real filings - only the underlying figures are locked.

04

Credit & Compliance Intelligence

Why the scores are what they are
Credit Risk Score: 60/100 Moderate
  • Liabilities ≈ 38% EBITDA - stretched.
  • No open charges - unencumbered balance sheet.
  • Working-capital cover adequate.
  • Profitable - internal accruals available.

Charges position: 0 open (-) · 0 satisfied (-).

Compliance Score: 82/100 Low Risk
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • 2 auditor resignation(s) filed - latest: Price Waterhouse Chartered Accountants LLP on 2021-08-24.
  • Delayed payments to MSME suppliers disclosed (11 disclosure(s)).
  • 1 active GST registration(s).
05

Director Intelligence

Stability score: 95/100
NameDIN / PANDesignationAppointedTenureDIN status
KUNAL RAJESH KUMAR JHUNJHUNWALA 01234567 Director 01/04/2018 6 yrs Approved
RAJESHKUMAR RADHESHYAM JHUNJHUNWALA 01234567 Director 01/04/2018 6 yrs Approved
Rajesh Raju 01234567 Director 01/04/2018 6 yrs Approved
Disha Deepak Shah 01234567 Director 01/04/2018 6 yrs Approved
  • 4 directors on the board.
  • No disqualified or deactivated DINs.
  • Stable board - no exits in 3 years.
  • Average tenure above 5 years.
Director & KMP remuneration (FY 2023)
NameDesignationTotal remuneration
A K SharmaManaging Director2.4 cr
R MehtaWhole-time Director1.6 cr
S IyerCFO95.0 L

Remuneration is disclosed in the latest annual return. Unlock full report

06

Ownership & Group Intelligence

As per FY 2023 annual return
Promoter holding
64.27%
Public / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
-
Subsidiaries
2
Group entities
2
Capital events
11 allotment(s) · 9 transfer(s)

Promoters hold a minority stake - exact percentages are part of the full report.

Group entityRelationship% held
Airpay Financial Technologies Private Limited Subsidiary Company 74.00%
Airpay Technologies Limited Dubai Subsidiary Company 74.00%
Airpay Ventures Private Limited Subsidiary Company 74.00%

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 85 · Distress 80
Growth signals & trust indicators
Revenue acceleration: +1.42 over 4 year(s).
Latest year revenue grew 2.1x.
Asset base grew 24% - capacity expansion.
Operating for 14+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Outside liabilities up 0.86 in a year.
2 auditor resignation(s) on record - review the stated reasons.
MSME payment delays disclosed - latest outstanding 2.66 Lakh.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence83/100
Favourable indicators
Suitability as a supplier / customer counterparty.
  • Statutory record is clean.
  • 1 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment74/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • No existing security registered - first-charge position available.
  • Compliance record supports lending.
Investor view88/100
Positive growth indicators
Growth quality and scalability through an investor lens.
  • 3 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 15 events
30 Sep 2025
Last AGM held
Annual general meeting
25 Jul 2025
Director appointed
Disha Deepak Shah (Company Secretary)
31 Mar 2025
Latest balance sheet
Filed with ROC
01 Jul 2024
Director appointed
Rajesh Raju (Additional Director)
31 Mar 2023
Share transfer (FY 2023)
215908.00000000 shares to RAJESH RADHESHYAM JHUNJHUNWALA
Share transfer (FY 2023)
25445.00000000 shares to RAJESH RADHESHYAM JHUNJHUNWALA
Share transfer (FY 2023)
185368.00000000 shares to RAJESH RADHESHYAM JHUNJHUNWALA
26 Oct 2022
Director ceased
RAJU RAJESH
17 Mar 2020
Securities allotted
370736 Preference Shares - 10.00 cr raised
20 Nov 2019
Director ceased
AMIT KAMAL KAPOOR
Director ceased
ROHAN ANIL DESHPANDE
31 Mar 2017
Share transfer (FY 2017)
1.00000000 shares to RAKESH
Share transfer (FY 2017)
1.00000000 shares to ASHUTOSH
Share transfer (FY 2017)
1.00000000 shares to MOSAIC CAPITAL SERVICES PVT LTD
Share transfer (FY 2017)
1304.00000000 shares to ASHUTOSH
10

Key Observations

Auto-generated from the data above
Revenue grew 61% over the last 4 financial year(s).
Net profit margin moved from 38% to 1.42.
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
4 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 2 subsidiary(ies) - assess on a consolidated basis.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a minority stake as per the FY 2023 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 11 security allotment(s) - amounts available in the full report.
16 overseas direct investment(s) (ODI) on record - international footprint.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Fincfriends U65929HR2017FTC135958 Dlf Qe, Haryana, India
Globe Fincap Limited. U67120DL2008PLC176326 New Delhi, Delhi, India
Batlivala & Karani Securities U67120WB1998PTC087160 Kolkata, West Bengal, India
Cdsl Ventures Limited U93090MH2006PLC164885 Mumbai, Maharashtra, India
Amrapali Fincap L74999GJ2004PLC044988 Daskroi, Gujarat, India
Karnataka State Industrial And Infrastructure Development Corporation Limited U93000KA1964ULL001532 Bangalore, Karnataka, India
Meera Gems Private Limited U36910GJ2013PTC075979 Surat City, Gujarat, India
Venus Sugar Limited U01115UP1991PLC020260 Chandausi, Uttar Pradesh, India
12

Who Uses This Report

CA · CS · Banker · Investor · Vendor
Chartered Accountants (CA)

Verify Airpay before audits and certifications: compliance score 82/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Airpay: ACTIVE compliance status, annual-return recency, director DIN status, board churn and the events timeline - the inputs for secretarial audits and due-diligence certificates.

Bankers & NBFCs

Current banker verdict: Favourable lending indicators. Credit risk score 60/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Positive growth indicators. Growth score 85/100, margin trends, ownership structure and peer set for Airpay - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 88/100, distress signals and MSME payment-delay disclosures - know whether Airpay pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (no cases on record), regulatory flags, charge documents trail and director networks for Airpay - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Airpay an active company?

Airpay has MCA status “Active” with a compliance score of 82/100 (Low Risk).

Is Airpay financially healthy?

Airpay has a Financial Health Score of 90/100 (Low Risk) based on its filed financial statements.

Should I do business with Airpay?

Its overall Trust Score is 88/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Airpay?

Promoters hold a minority stake - exact percentages are in the full report. 4 active director(s) are on record.

Does Airpay have loans or charges against its assets?

No charges are registered against this company - an unencumbered balance sheet.

Is Airpay up to date with its ROC filings?

Annual filings current (balance sheet Mar 2025). Overall compliance score: 82/100 (Low Risk).

Is it risky to lend to Airpay?

Its Credit Risk Score is 60/100 (Moderate). Banker verdict: Favourable lending indicators.

Disclaimer: This report is generated automatically from MCA filings and public records as available in our system at the time of the last update. Scores, bands and verdicts are rule-based derived indicators of the underlying data - they are opinions generated by an algorithm, not statements of fact about the company, and are not credit ratings (within the meaning of SEBI regulations), audits, or investment, legal or financial advice. Verify from official sources and consult a qualified professional before any business, lending or investment decision. If you represent this company and believe any information is inaccurate or outdated, report it here and we will review promptly.