Company Intelligence Profile
Credopay Technology Services Private Limited
CredoPay is a Chennai-registered (RoC Chennai) neo-banking and payment-orchestration platform provider, incorporated in Jan 2014 (CIN U72300TN2014PTC126434), offering omnichannel payment acquisition infrastructure for banks, fintechs and merchants.
Last updated 21 August 2026
Credopay Technology Services Private Limited, incorporated on 29 January 2014 and registered in Chennai, is a neo-banking and payment-orchestration platform provider. Operating as CredoPay, it offers omnichannel payment processing and acquisition infrastructure for banks, fintechs, corporates and merchants, spanning POS terminals, payment gateways, UPI and biometric payments, and merchant management. Formerly Transtrac Technologies, the company remains active.
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Company Identity
| Registered name | Credopay Technology Services Private Limited |
|---|---|
| CIN | U72300TN2014PTC126434 |
| PAN | AAECT9152H |
| Status | Active |
| Listing | No — unlisted private limited company |
| Incorporated | 29 January 2014 |
| ROC | RoC Chennai |
| Sector (NIC) | Computer programming, consultancy and related activities / ITES — cash management and payment solutions |
| Registered address | Osian Chlorophyll-SPRRG, Door No-2022, Block No-2, 2nd Floor, Devi Parasakkthi Nagar, Porur, Chennai, Tamil Nadu 600116 |
| Authorized capital | ₹1.00 Crore |
| Paid-up capital | ₹34.11 Lakh |
Business Overview
- CredoPay (credopay.com) is a neo-banking/payment-orchestration platform provider offering omnichannel payment processing and acquisition infrastructure for banks, fintechs, corporates and merchants — covering POS terminals, payment gateways, ATMs/micro-ATMs, UPI and AePS biometric payments, plus merchant management, white-label gateways, terminal management and fraud/risk systems (credopay.com — official site)
- Tofler additionally lists legacy product lines: Track My ATM (TMA), A3 Password Manager, ApnaAccount, and KPO services, consistent with the company's earlier identity as an ITES/cash-management firm (formerly Transtrac Technologies, per Indian Kanoon)
Directors
Confirmed (name-level, both sources agree): Siva Raja Sekhar Padala (appointed 29 Jan 2014, founder-director), Shailesh Upreti, Doreswamy Palaniswamy. TheCompanyCheck additionally lists a 4th current director, Trikkur Rajaram Ramesh (appointed 18 Apr 2022), not shown on the Tofler snapshot. DINs: Tofler lists DIN 06767049 for Siva Raja Sekhar Padala and 06511526 for Shailesh Upreti and 01251023 for Doreswamy Palaniswamy — these were not independently corroborated by a second source (TheCompanyCheck did not disclose DINs), so treat as partial/unconfirmed. DIN for Trikkur Rajaram Ramesh: not obtained.
Financials
- (1) TheCompanyCheck reports FY2025 revenue of ₹56.25 Crore (67% YoY growth)
- EBITDA and PAT are gated behind premium access
- (2) Tofler's most recent disclosed filing year is FY March 2016, showing operating revenue "under ₹1 Crore," total revenue growth of 159.99% YoY, borrowings growth 18.42%, and assets growth 8.0% — this is a much older snapshot and likely reflects Tofler's last-updated filing rather than current-year data
- Net worth, standalone vs. consolidated basis: not obtained
- Given the single-source, gated nature of the FY2025 figure and the stale Tofler figure, financials are rated partial confidence
Charges & Borrowings
- Tofler lists two specific open charges — HDFC Bank Limited, ₹3.5 Crore (created 28 July 2025) and City Union Bank Limited, ₹0.5 Crore (created 20 June 2025), totaling ₹4.0 Crore in named charges
- TheCompanyCheck instead reports aggregate figures: open charges ₹5.48 Crore and satisfied charges ₹3.45 Crore, without naming the chargeholders
- The two sources' open-charge totals do not reconcile exactly (₹4.0 Cr named vs ₹5.48 Cr aggregate), so treat as partial confidence pending a primary MCA charge-index cross-check
Legal / Litigation
- Credopay Technology Services Private Limited vs. Ezswype Business Solutions Private Limited — Karnataka High Court, Civil Misc
- Petition No. 529 of 2024, decided 27 June 2025, before Justice Ashok S. Kinagi
- The judgment text identifies Credopay as "previously known as Transtrac Technologies Pvt. Ltd." No other litigation was found indexed on Indian Kanoon in this pass
Competitors
- Named peers in the India payment-orchestration / merchant-acquiring / neo-banking-infrastructure space (rough scale tags based on general market positioning, not verified against CredoPay's own filings): (1) Pine Labs — large-scale, well-funded, multi-country merchant payments/POS leader (much larger scale)
- (2) Razorpay — large-scale, well-funded payments/banking-infrastructure platform (much larger scale)
- (3) Innoviti Payment Solutions — mid-size POS/merchant payment-orchestration player (comparable-to-larger scale)
- (4) BijliPay / Bijli Pay Fintech — smaller neo-banking/BC-services and ATM/micro-ATM focused player (comparable scale)
- (5) Euronet / Vakrangee (agency banking, micro-ATM/AePS network operators) — larger scale in the BC/micro-ATM segment
- (6) Transcorp International / TransBnk — mid-size banking-technology/payments infrastructure providers (comparable scale)
- Note: this competitor set is drawn from general sector knowledge of India's payment-orchestration and micro-ATM/AePS space, not from a source that directly names CredoPay's competitors — flag as directional/partial rather than confirmed
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