Paymate India Limited

Paymate India Limited

Fundamentals

Paymate India Limited
₹495 Per Equity Share

Lot Size 100 Shares

52 Week High 625

52 Week Low 495

Depository NSDL & CDSL

PAN Number AAECP0062G

ISIN Number INE08J501021

CIN U72200MH2006PLC205023

RTA Link Intime
Market Cap (in cr.) 2854.67

P/E Ratio N/A

P/B Ratio 160.71

Debt to Equity 0.21

ROE (%) -333.99

Book Value 3.08

Face Value 0

Total Shares 57670000

P&L Statement

P&L Statement 2021 2022 2023
Revenue 348 1209 1350
Cost of Material Consumed 348 1207 1339
Change in Inventory 0 0 0
Gross Margins 0 0.17 0.81
Employee Benefit Expenses 12 50 50
Other Expenses 3 7 15
EBITDA -15 -55 -54
OPM -4.31 -4.55 -4
Other Income 1 0.3 1.4
Finance Cost 0 0.2 0.5
D&A 2 2 2
EBIT -17 -57 -56
EBIT Margins -4.89 -4.71 -4.15
PBT -16 -58 -56
PBT Margins -4.6 -4.8 -4.15
Tax 0 0 0
PAT -16 -58 -56
NPM -4.6 -4.8 -4.15
EPS -0.11 -10.1 -9.71

Financial Ratios

Financial Ratios 2021 2022 2023
Operating Profit Margin -4.31 -4.55 -4
Net Profit Margin -4.6 -4.8 -4.15
Earning Per Share (Diluted) -0.11 -10.1 -9.71

Balance Sheet

Assets 2021 2022 2023
Fixed Assets 5 3 2
CWIP 0 0 0
Investments 0 0 0
Trade Receivables 28 6 0.5
Inventory 0 0 0
Other Assets 24 52 57.5
Total Assets 57 61 60

Liabilities

Liabilities 2021 2022 2023
Share Capital 141.4 5.741 5.767
FV 1 1 1
Reserves -122 40 11
Borrowings 0 0 3.5
Trade Payables 33 3 20
Other Liabilities 4.6 12.4 18.9
Total Liabilities 57 61.14 59.17

Cash-Flow Statement

Cash-Flow Statement 2021 2022 2023
PBT -16 -58 -56
OPBWC -15 -30 -36
Change in Receivables -24 -5 5
Change in Inventories 0 0 0
Change in Payables 30 -2 19
Other Changes 2.04 -20 -1
Working Capital Change 8.04 -27 23
Cash Generated From Operations -6.96 -57 -13
Tax 0 -5 -0.5
Cash Flow From Operations -6.96 -62 -13.5
Purchase of PPE -0.01 0.3 -0.3
Sale of PPE 0 0 0
Cash Flow From Investment 0.38 0.6 0.2
Borrowing 0 0 3.5
Dividend 0 0 0
Equity 0 62.7 9.9
Others From Financing 0 -0.7 -1
Cash Flow from Financing 0 62 12.4
Net Cash Generated -6.58 0.6 -0.9
Cash at the Start 16.45 3 1.5
Cash at the End 9.87 3.6 0.6

Shareholding Pattern

Promoters 67.12%
Public 32.88%
Ajay Adiseshann (Promoter) 57.66%
Public 42.34%
Ajay Adiseshann (Promoter) 57.27%
Public 42.73%

Promoters or Management

Name Designation Experience LinkedIn Profile
Ajay Adiseshan Chairman & MD 20
Vishvanathan Subramanian Whole-time Director & CFO 30


PayMate India Limited is a leading B2B digital payments and financial technology company focused on automating enterprise payment workflows across India and select international markets. Founded with the vision of streamlining business transactions, PayMate provides an integrated platform for corporations and SMEs to manage payables, receivables, and working capital. Its solutions enable businesses to make vendor payments, statutory payments, and utility transactions using commercial credit cards, bank transfers, and digital channels. Over the years, the company has built strong partnerships with major banks and payment networks, helping it deliver seamless, secure, and efficient payment experiences to enterprise clients.

The company’s technology-driven platform features invoice management, reconciliation, bulk payments, and automated workflows, reducing administrative burden for businesses while improving transparency and efficiency. PayMate has also expanded into credit facilitation through commercial card-based lending, allowing enterprises to leverage extended credit cycles for better cash-flow management. Its user-centric design, API-driven integrations, and compliance-ready processes make it a preferred digital payments partner for large corporates. As digital transformation accelerates across industries, the company continues to focus on expanding its product suite, strengthening bank partnerships, and onboarding more enterprises to its platform.

In the unlisted market, PayMate India Limited attracts investor interest due to the rapid growth of B2B fintech solutions and the company’s strong positioning within the commercial payments ecosystem. Its business model offers scalability, recurring revenue potential, and long-term relevance as enterprises increasingly shift to digital payment infrastructure. While the unlisted share market involves factors such as lower liquidity and variable price discovery, PayMate’s established partnerships, steady customer base, and expanding regional presence enhance its appeal among investors seeking exposure to high-growth fintech opportunities. As the company continues to innovate and strengthen its financial technology capabilities, it remains a noteworthy participant in India’s evolving digital payments landscape.

FAQs about Paymate India Limited


Q:1 How do I confirm the booking of Paymate India Limited Unlisted Shares?

Answer: You can confirm the booking by contacting us and agreeing on a trading price for the shares.

Q:2 What documents do I need to provide for the purchase?Answer: You need to provide your client master report, PAN Card, and a cancelled cheque if you are not transferring funds from the bank account mentioned in your CMR Copy.

Q:3 Why do I need to submit KYC documents?

Answer: KYC documents are required as per SEBI regulations to ensure compliance and verify the identity of the buyer.

Q:4 How will I receive the bank details for the payment?

Answer: We will provide you with the bank details once you confirm your booking of the shares.

Q:5 What methods of payment are accepted for buying Paymate India Limited shares?Answer: Payment can be made via RTGS, NEFT, IMPS, or cheque transfer.Please note that cash deposits are not accepted.

Q:6 Can I use a different bank account for payment than the one for share credit?

Answer: No, payment must be made from the same account in which the shares will be credited.

Q:7 What if I don't have a client master report?

Answer: You can ask your broker for a client master report if you don't have one available.

Q:8 Is there a specific time frame for completing the payment?Answer: While there is no strict time frame mentioned, it is advisable to complete the payment promptly after confirming your booking to ensure a smooth transaction.



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