Company lists
Bill payments & recharge, payment gateways, wallets & consumer payments, POS & terminals, banking & fintech infrastructure and more: the companies building payments in Gujarat, with their founders, funding, team size and business models.
Funding, M&A, contract wins and launches involving 2,854 payments companies in India, last 24 months: 73 M&A deals · 62 Contracts · 56 funding rounds · 39 launches. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: Jun 2026.
Digital payments major Paytm is looking at raising another round of funding of $1 billion, and is in discussion with multiple investors, including former UK Prime Minister David Cameron,…
Elevation Capital V Limited has made a sale of equity shares of One97 Communications Limited (parent company of PayTM) on the NSE and BSE for an aggregate consideration of ₹963.6 crore.
RAN Ventures purchased 1 Lakh equity shares of Zaggle from the open market on May 18, taking its stake in the company to 44.23% from 44.15%.
Zaggle Prepaid Ocean Services Ltd, a spend management solutions company, has said that its board has approved the transaction structure for the strategic acquisition of DICE. Zaggle has…
Obhan Mason, a leading law firm, was lead legal counsel to Pine Labs, a leading merchant commerce platform, on its acquisition of Shopflo Technologies, a SaaS-based online checkout…
Pine Labs’ ₹88 crore acquisition of Shopflo
Decentro is ready to launch its integration with Banking Connect—the netbanking payment framework offered by NPCI Bharat BillPay Ltd— designed to simplify netbanking workflows while…
Generali Central Insurance Company will now have access to the Zaggle Zoyer platform, thanks to an arrangement announced by Zaggle Prepaid Ocean Services.
Recently, CRED received a nod from the Reserve Bank of India (RBI) to operate as a payment aggregator (PA), enabling the company to onboard merchants, collect payments on their behalf…
Vodacom has invested $28m to upgrade technology for its M-Pesa platform in Tanzania.
BLS E-Services on Monday said it will acquire a 100 per cent stake in Atyati Technologies for Rs 154 crore.
Gurugram-based fraud intelligence startup Sign3 has raised $1.5 million in a funding round led by early-stage venture firm Cedar Hill Capital.
Experience Commerce, a full-service digital marketing agency and part of the Cheil SWA Group, has secured the annual social media mandate for Fiat Payments Private Limited (FiatPe)…
Mumbai-based software player and white-label ATM operator Vakrangee Ltd on Saturday said it has entered into a corporate agency arrangement with Bajaj General Insurance Limited to…
Scapia, a Bengaluru-based travel fintech that issues co-branded credit cards, is in talks to raise US$50‑60 million in a round led by US VC General Catalyst, people familiar with the…
New Delhi: Real estate firm COWRKS, which provides managed office spaces, has leased 80,000 sq ft area in Bengaluru to Cashfree Payments.
Razorpay announced the launch of the “World’s First Agent Studio”, built using the Claude Agent SDK from Anthropic, at Razorpay’s flagship event, FTX’2026, in India on 12 March 2026.
Comviva has announced the launch of NGAGE for Enterprises, a next-generation communications platform as-a-service (CPaaS) platform designed to help enterprises deliver seamless, secure,…
Another notable deal came from fintech startup Innoviti, which secured $11.4 million in funding from investors including Bessemer Venture Partners, along with several angel investors and…
Merchant SaaS platform Mintoak is set to raise Rs 80 crore in debt from BlackSoil to fund the acquisition of Dubai-based customer loyalty management platform Innovative Consumer Concepts…
Fintech soonicorn Innoviti has closed its Series M funding round at ₹104 Cr ($11.4 Mn).
Notably, earlier this week, General Catalyst also led a $16.6 million funding round in B2B cross-border payments startup Xflow.
Jio Financial Services Ltd on Friday launched an online marketplace for financial products through its new app JioFinance.
Mumbai-headquartered digital payments processor Billdesk is set to acquire the India business of French payments giant Worldline for an estimated equity value of $70 million.
Reload, an innovative AI workforce management platform, has secured $2.275 million in seed funding while unveiling its flagship product, Epic.
Bengaluru-based Tonetag, a deeptech startup which focusses on sound-based payment systems, has raised Rs 35.16 crore ($3.8 million) from Qualcomm Ventures, according to documents…
BLS E-Services Limited (BLSe), a digital service provider to governments and financial institutions, has signed a binding term sheet to acquire a 100% equity stake in Atyati Technologies…
Comviva, the global leader in customer experience and data monetization solutions, today announced the launch of its next-generation Digital Distribution Management System for channel…
Bengaluru-based payments infrastructure firm Juspay has secured $50 million in a Series D follow-on round led by WestBridge Capital, valuing the company at $1.2 billion.
Xoxoday, a global rewards, incentives, and Loyalty technology company, has raised a Series C round backed by its existing investors – Apis Partners & 57 Stars, marking a key milestone as…
Browse payments companies in Gujarat by reported revenue, one-year revenue growth, revenue model, age and stage. The 23 companies below are the largest by their most recent reported revenue among 23 payments companies in Gujarat that have filed a figure in the last four years. Every figure keeps its own reporting period, so compare periods before comparing amounts.
Provider of payment gateway solutions, invoice payments, and subscription management
Payments₹3,774.62 cr in FY24-25 · net ₹160.00 cr · +1034% since FY2018
Filed standalone accounts · Avenuesai Limited
PHP
Bootstrap
jQueryEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Provider of digital payment solutions and enterprise software platforms globally
Payments
PHP
MySQL
Cloudflare
WordPressBootstrapEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Agent-based payment solutions
Payments₹154.25 cr in FY24-25 · net −₹19.39 lakh · -27% since FY2018
Filed standalone accounts · Sri Samarth Utility Services Private Limited
PHPMySQLWordPressBootstrapjQueryEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Digital platform offering recharge services for mobile, DTH, postpaid, and landline connections
Payments₹62.14 cr in FY24-25 · net ₹0.78 lakh · +43% since FY2018
Filed standalone accounts · Nirmal Infoline Private Limited
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Agent-based payment solutions for businesses
Payments₹57.79 cr in FY24-25 · net −₹0.55 lakh · -9% since FY2018
Filed standalone accounts · Shree Navrang Telelink Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
POS-based payment solution provider
PaymentsUS$1.75m across 2 disclosed equity rounds
Darker bars = larger rounds
AWSCloudflare
Amazon S3BootstrapEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Wallet-enabled money transfer, bill payments, and mobile recharge
Payments₹20.49 cr in FY24-25 · net ₹13.33 lakh · +7722% since FY2022
Filed standalone accounts · Nits Technology Private LimitedBootstrapjQueryEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Online bill payment platform for consumers
PaymentsEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Payment management and invoicing platform for distributors and retailers
Payments₹7.38 cr in FY24-25 · net ₹55.80 lakh · -29% since FY2023
Filed standalone accounts · Kuberjee Tech Private Limited
AWSPHPBootstrapjQueryEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Fintech platform offering payment solutions for businesses
Payments₹4.28 cr in FY24-25 · net ₹7.45 lakh · -93% since FY2019
Filed standalone accounts · Mv E-Commerce Services Private Limited
Vue.js
Node.js
ExpressCloudflareBootstrapEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Payment processing solutions
Payments₹4.24 cr in FY24-25 · net ₹8.51 lakh · +156% since FY2022
Filed standalone accounts · Digipay Guru Private LimitedAWS
ReactAmazon S3Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Agent-based payment solutions to businesses
PaymentsBootstrapEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Fintech platform that enables consumers to pay utility bills, insurance premiums, and other recurring expenses online
Payments₹1.41 cr in FY24-25 · net ₹0.73 lakh · +1004% since FY2023
Filed standalone accounts · Kav Payment Service Private LimitedPHP
LaravelCloudflareBootstrapjQueryEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Provider of mobile advertising services
Marketing services₹1.30 cr in FY24-25 · net ₹1.38 lakh · -71% since FY2018
Filed standalone accounts · Sanvir Mobitech Ventures Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
App-based recharge and bill payment platform for individuals
Payments₹92.20 lakh in FY24-25 · net ₹0.47 lakh · -99% since FY2018
Filed standalone accounts · Mieux Infracon LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Provider of agent-based payment solutions and services
PaymentsPHPCloudflareBootstrapjQueryEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Agent-enabled money transfer and bill payment solutions
Payments₹32.59 lakh in FY24-25 · net −₹0.11 lakh · -75% since FY2024
Filed standalone accounts · Globezen Fntech Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Digital payment platform for merchants
Payments₹30.43 lakh in FY24-25 · net ₹0.76 lakh · -52% since FY2023
Filed standalone accounts · Morsy Pay Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Provider of B2B recharge software solutions
Payments₹17.71 lakh in FY24-25 · net ₹0.01 lakh · -85% since FY2023
Filed standalone accounts · Multipe Services Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Provider of school fee collection and management platform
K-12 edtech₹7.71 lakh in FY24-25 · net ₹6.22 lakh · -90% since FY2018
Filed standalone accounts · Feecounter Online Services Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
A platform that protects buyers and sellers in online transactions
Payments
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Invoice payment acceptance solution for businesses
Payments₹0.30 lakh in FY24-25 · net −₹31.69 lakh · +5850% since FY2024
Filed standalone accounts · Mysa Technology Private Limited
PHPBootstrapjQueryEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Payment gateway solutions for businesses
Payments
CloudflareEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
No matching company in this list.
This page shows the top 23. Radar has the complete, filterable list with contacts and live company signals.
Open payments in Gujarat on RadarBrowse payments companies in Gujarat, from payment gateways and bill payment platforms to wallets and POS terminals. Find top payments companies in India's Gujarat region by the payment service they offer.
Platforms for utility bill payments, mobile recharge and agent-based payment services.
Digital platform offering recharge services for mobile, DTH, postpaid, and landline connections
PaymentsFintech platform that enables consumers to pay utility bills, insurance premiums, and other recurring expenses online
PaymentsApp-based recharge and bill payment platform for individuals
Payments
Online platform for utility bill payments
Payments
Online bill payment platform
PaymentsProviders of payment gateways and online payment processing for merchants.
Provider of payment gateway solutions, invoice payments, and subscription management
PaymentsProvider of digital payment solutions and enterprise software platforms globally
PaymentsProvider of mobile advertising services
Marketing servicesPayment gateway solutions for businesses
Payments
Provider of digital payment solutions and content distribution services
PaymentsWallets, prepaid cards and apps for everyday consumer payments.
Wallet-enabled money transfer, bill payments, and mobile recharge
Payments
Wallet-based payment solutions
Payments
Digital payment platform for individuals and businesses
Payments
Digital wallet for consumer payments
Payments
Provider of a virtual credit card payment application
PaymentsPoint-of-sale payment terminals and mobile POS solutions for shops.
Provider of POS machine and solutions for the businesses
Payments
Provider of cloud-based POS software solutions for restaurants
PaymentsPOS software for businesses
PaymentsPayment processing solutions
Payments
Cheque360.com is an Online Application that print your cheques completely.
Internet first prepaid card issuersBanking software, open banking APIs, KYC and payment fraud detection providers.
Payment processing solutions
Payments
Online identity theft and financial fraud detection and prevention solutions
Cybersecurity
Provider of closed-loop payment system for businesses to manage transactions and loyalty programs
PaymentsProvider of digital payment solutions and enterprise software platforms globally
Payments
Transaction Processing Technology Enabler in Fintech Space
PaymentsPlatforms for invoice payments, receivables and school fee collection.
Provider of school fee collection and management platform
K-12 edtechInvoice payment acceptance solution for businesses
Payments
Online invoice management
Finance & accounting techA platform that protects buyers and sellers in online transactions
PaymentsNewer payments companies founded in recent years.
Online bill payment platform for consumers
PaymentsFintech platform that enables consumers to pay utility bills, insurance premiums, and other recurring expenses online
PaymentsProvider of agent-based payment solutions and services
PaymentsAgent-enabled money transfer and bill payment solutions
PaymentsProvider of B2B recharge software solutions
PaymentsPayments companies with open roles right now.
Provider of digital payment solutions and enterprise software platforms globally
PaymentsA platform that protects buyers and sellers in online transactions
PaymentsInvoice payment acceptance solution for businesses
PaymentsProvider of an agentic payment platform enabling autonomous merchant services
PaymentsThe most-installed Android apps published by payments companies headquartered in Gujarat — 9.8M installs between them. 23 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.
CIN U74900GJ2014PLC078939
CIN U72900GJ2022PTC128568
CIN L64203GJ2010PLC061366
CIN U72900GJ2020PTC117721
CIN U72900GJ2020PTC113362
CIN U72900GJ2020PTC114356
CIN U45201GJ2010PLC059848
CIN U51909GJ2019PTC106059
Revenue, profit and growth from the filed annual accounts of 18 payments companies in Gujarat for FY24-25 — 22 of the 79 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 99% of the revenue, so medians describe the typical company better than totals.
18 companies filing accounts
3.9% aggregate margin
13 of 18 companies
the typical company
into FY24-25
revenue concentration
The number of companies filing changes each year; the three-year cohort below compares like with like.
Companies with accounts for all three years, so growth is not an artefact of who filed.
Companies by FY24-25 revenue. Bars show how many companies sit in each band.
16 companies with accounts for both years; median growth +33%.
The aggregate margin is pulled up by a few large filers; the median shows the typical company.
| Company | Growth | Revenue |
|---|---|---|
| Nirmal RechargeNIRMAL INFOLINE PRIVATE LIMITED | +63% | ₹62.14 cr |
| NitspayNITS TECHNOLOGY PRIVATE LIMITED | +61% | ₹20.49 cr |
| CCAvenueAVENUESAI LIMITED | +27% | ₹3,774.62 cr |
| Shree Navrang TelelinkSHREE NAVRANG TELELINK PRIVATE LIMITED | +2% | ₹57.79 cr |
| Specific StepSRI SAMARTH UTILITY SERVICES PRIVATE LIMITED | -11% | ₹154.25 cr |
| Company | Margin | Revenue |
|---|---|---|
| CCAvenueAVENUESAI LIMITED | 4.2% | ₹3,774.62 cr |
| NitspayNITS TECHNOLOGY PRIVATE LIMITED | 0.7% | ₹20.49 cr |
| Nirmal RechargeNIRMAL INFOLINE PRIVATE LIMITED | 0.0% | ₹62.14 cr |
| Sub-sector | Companies | Revenue | Median revenue | Profitable | Margin |
|---|---|---|---|---|---|
| Payments | 16 | ₹4,092.32 cr | ~₹4.1 cr | 69% | 3.9% |
| Company · legal entity | Revenue | Net result | Margin | Growth |
|---|---|---|---|---|
| CCAvenueAVENUESAI LIMITED | ₹3,774.62 cr | ₹160.00 cr | 4.2% | +27% |
| Specific StepSRI SAMARTH UTILITY SERVICES PRIVATE LIMITED | ₹154.25 cr | −₹19.39 lakh | -0.1% | -11% |
| Nirmal RechargeNIRMAL INFOLINE PRIVATE LIMITED | ₹62.14 cr | ₹0.78 lakh | 0.0% | +63% |
| Shree Navrang TelelinkSHREE NAVRANG TELELINK PRIVATE LIMITED | ₹57.79 cr | −₹0.55 lakh | -0.0% | +2% |
| NitspayNITS TECHNOLOGY PRIVATE LIMITED | ₹20.49 cr | ₹13.33 lakh | 0.7% | +61% |
| KuberjeeKUBERJEE TECH PRIVATE LIMITED | ₹7.38 cr | ₹55.80 lakh | 7.6% | -19% |
| Pay2indiaMV E-COMMERCE SERVICES PRIVATE LIMITED | ₹4.28 cr | ₹7.45 lakh | 1.7% | +44% |
| DigipayDIGIPAY GURU PRIVATE LIMITED | ₹4.24 cr | ₹8.51 lakh | 2.0% | +39% |
| MyPayMallVASANIS PAYMALL PRIVATE LIMITED | ₹3.91 cr | ₹0.28 lakh | 0.1% | — |
| Topay TechKAV PAYMENT SERVICE PRIVATE LIMITED | ₹1.41 cr | ₹0.73 lakh | 0.5% | +15% |
Standalone annual accounts filed with the Ministry of Corporate Affairs. Brands that share one legal entity are shown together and counted once.
The figures on this page come from Fliar’s company, funding and MCA filings data. Use it through the Investor Intelligence API and MCA financials feeds, or explore every company, filing and investor in Radar.
903 recorded equity rounds have gone to 2,854 payments companies in India — how much, at which stage, into which sub-sectors, from whom, and how Gujarat compares. Debt, IPO and grant rounds are excluded.
US$150.28m
US$640.20m
373 rounds in India
last 24 months
Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2021, with US$2.90bn across 125 rounds.
Equity rounds over the last five years, 113 payments companies in Gujarat among 2,854 in India.
Each deal appears in the events strip at the top of the page.
Meet the people behind payments companies in Gujarat. 32 of 79 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.
Payments companies in Gujarat with the highest one-year revenue growth among those reporting at least ₹5 crore in revenue. Growth is the reported one-year change for the period shown.
PaymentsPOS-based payment solution provider
PaymentsDigital platform offering recharge services for mobile, DTH, postpaid, and landline connections
PaymentsWallet-enabled money transfer, bill payments, and mobile recharge
Founders
Details not available
PaymentsProvider of payment gateway solutions, invoice payments, and subscription management
PaymentsAgent-based payment solutions for businesses
Founders
Details not available
US$1.75m across 2 disclosed equity rounds
Darker bars = larger roundsAWSCloudflareAmazon S3BootstrapEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
₹62.14 cr in FY24-25 · net ₹0.78 lakh · +43% since FY2018
Filed standalone accounts · Nirmal Infoline Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
₹20.49 cr in FY24-25 · net ₹13.33 lakh · +7722% since FY2022
Filed standalone accounts · Nits Technology Private LimitedBootstrapjQueryEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
₹3,774.62 cr in FY24-25 · net ₹160.00 cr · +1034% since FY2018
Filed standalone accounts · Avenuesai LimitedPHPBootstrapjQueryEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
₹57.79 cr in FY24-25 · net −₹0.55 lakh · -9% since FY2018
Filed standalone accounts · Shree Navrang Telelink Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Payments companies in Gujarat founded in the last four years, newest first.
PaymentsProvider of payment management solutions allowing businesses to pay vendors using their credit cards
PaymentsProvider of an agentic payment platform enabling autonomous merchant services
PaymentsA fintech company developing a next-generation platform to simplify credit card bill payments and modern financial workflows
Founders
Details not available
PaymentsProvider of agent-based payment solutions and services
Founders
Details not available
Investment techProvider of a financial app for saving, investing, and shopping
PaymentsProvider of closed-loop payment system for businesses to manage transactions and loyalty programs
PaymentsFintech platform offering a range of payment solutions
Founders
Details not available
PaymentsOnline company offering digital payment solutions
Founders
Details not available
PaymentsA platform that protects buyers and sellers in online transactions
PaymentsProvider of POS machine and solutions for the businesses
PaymentsDigital payment platform for individuals and businesses
PaymentsProvider of bill payment services for individuals
Founders
Details not available
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
PHPCloudflareBootstrapjQueryEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
BootstrapjQueryEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
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