BillDesk
BillDesk, previously known as IndiaIdeas.com Limited, is a leading Indian online payment gateway company based in Mumbai. BillDesk provides an online payment platform for clients, enabling transactions between banks and merchant websites. They support over 150+ payment methods, including cards, net-banking, UPI, wallets, and Buy Now Pay Later, for accepting payments on websites or apps. They enable businesses to set up recurring payments using cards, eNACH, or UPI AutoPay.
Market Presence
- BillDesk is a leading BBPOU in the Bharat Bill Payment System (BBPS), facilitating bill payments for millions of users across India.
- Over the years, they have developed a strong network of partnerships with banks and payment networks.
Last Two Years Balance Sheet
- FY22: BillDesk’s revenue from operations grew by 15% to ₹2,443 crore, compared to ₹2,124 crore in FY21. However, due to a surge in expenses, the profits contracted by 39% to ₹149.6 crore in FY22 from ₹245.5 crore in FY21.
- FY21: The revenue from operations for BillDesk in FY21 was ₹2,124.2 crore, a growth of 17.7% compared to FY20. The profit for FY21 was ₹245.6 crore, a 16.3% increase from the previous fiscal year.
BillDesk Founders
1. M.N. Srinivasu
As CEO and co-founder, Srinivasu played a pivotal role in shaping BillDesk’s vision and strategy. He brings extensive experience in the financial services industry, having worked with Arthur Andersen and ITC Limited before diving into the world of tech startups.
Socials
2. Ajay Kaushal
Ajay, COO and co-founder, is the mastermind behind BillDesk’s smooth operations and efficient infrastructure. With prior experience in SBI Capital Markets and Arthur Andersen, Ajay’s expertise in project management and scaling up systems ensured BillDesk’s technical robustness and operational excellence.
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3. Karthik Ganapathy
Karthik, co-founder, laid the foundation for BillDesk’s technological prowess. His background in technology, honed at Arthur Andersen, was instrumental in building the secure and reliable platform that underpins BillDesk’s entire operation.
Top 10 Profitable Startups of India [Updated 2024]
India has achieved new heights past year and is continuing to gain heights at present as well. These new ideas are becoming successful because of technology, and artificial intelligence, and this country’s audience adopting these technologies fast. If we look at the previous stats of our country’s startup, It has made nearly 111 unicorns. From actors and actresses to youngsters, everyone in the country has innovative ideas and they have made their ideas turn into reality with the help of little funding made by investors and small marketing strategies.
Talent and startup ideas are at every corner of the country. That’s why the Indian government has also taken the “Startup India Initiative”. This initiative is helping young minds showcase their talents by taking part through colleges or single person only.
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