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PINE LABS LIMITED.

www.pinelabs.com
Active
Updated: 12 Dec 2025

Pine Labs is a leading fintech company based in India that specializes in digital payments and merchant solutions. It provides a comprehensive suite of products including point-of-sale (POS) terminals, payment processing, and loyalty programs, enabling businesses to streamline transactions and enhance customer engagement.

Pine Labs Limited., is an unlisted public company incorporated on 18 May, 1998. It is classified as a public limited company and is located in , Haryana. It's authorized share capital is INR 205.88 cr and the total paid-up capital is INR 114.83 cr.

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Subscription Plans
Industry and products
Finance
  • Instant Discounts, Cash Back Programs, Instant EMI, Loyalty Solution, Targeted Promotions, PaybyPoints, e-Wallet, Dynamic Currency Conversion etc, Gift Solution
Company size
Auth Capital
₹ 205.9 Cr
Paidup Capital
₹ 114.8 Cr
Revenue
₹ 1500-1750 cr
# Key metrics of Pine Labs Limited. - All rupee values in INR crores. Based on March 2025 numbers. | Metric | Value | Change | |---|---|---| | Auth Capital | ₹ 205.9 Cr | | | Paidup Capital | ₹ 114.8 Cr | | | Revenue | ₹ 1500-1750 cr | | | Total Revenue | ₹1,695.2 | 23.21% | | EBITDA | ₹232.6 | 194.53% | | Net Profit | ₹43.5 | None% | | Networth | ₹2,071.1 | 1.29% | | Borrowings | ₹730.5 | 53.15% | | Assets | ₹9,048.4 | 14.5% | | Gross Margin | 96.5% | 0.71 | | Operating Margin | 14.6% | 8.54 | | Net Profit Margin | 2.6% | 16.17 | | Return on Equity | 2.1% | 11.25 | | ROCE | 1.6% | 14.4 | | Debt to Equity | 0.3 | 0.12 |
Key Metrics

** All rupee values in INR crores. Based on March 2025 numbers.

Total Revenue
23.21%
₹ 1,695.2
EBITDA
194.53%
₹ 232.6
Net Profit
-
₹ 43.5
Networth
1.29%
₹ 2,071.1
Borrowings
53.15%
₹ 730.5
Assets
14.5%
₹ 9,048.4
Gross Margin
0.71
96.5 %
Operating Margin
8.54
14.6 %
Net Profit Margin
16.17
2.6 %
Return on Equity
11.25
2.1 %
ROCE
14.4
1.6 %
Debt to Equity
0.12
0.3
Sales
Mar 2025
Net worth
Mar 2025

Locations

indian flag India (39)
State Type Address

location icon Locations on Map

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People

Designation Name DIN/PAN Tenure
Director Kush Mehra
Shareholder
08154941 7 years
Cfo Sameer Vasudev Kamath <HIDDEN> 1 years
Managing Director Bairavarasu Amrish Rau 02008811 1 years
Ceo Bairavarasu Amrish Rau <HIDDEN> 1 years
Director Maninder Singh Juneja 02680016 1 years
Director Amrita Gangotra 08333492 1 years
Director Smita Chandramani Kumar 10347292 1 years
Director Shailendra Jit Singh 01930079 1 years
Company Secretary Neerav Mehta <HIDDEN> 1 years

Financial Highlights

** All numbers in INR crores
Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Sales 460.4 932.3 1,280.5 1,309.6 1,597.3
Operating profit 34.3 123.9 150.6 79.0 232.6
Net profit -62.2 -22.6 -56.1 -187.2 43.5
Gross margin 88.2 95.7 96.3 95.8 96.5
Operating margin 7.5 13.3 11.8 6.0 14.6
Net margin -12.9 -2.4 -4.2 -13.6 2.6
Networth 1,198.8 1,913.3 2,184.5 2,044.7 2,071.1
Borrowings 107.5 236.4 307.0 477.0 730.5
Assets 2,106.6 6,279.0 7,403.4 7,902.6 9,048.4
Debt to equity 0.1 0.1 0.1 0.2 0.3
Current ratio 1.1 1.1 1.2 1.1 1.1
ROE -5.2 -1.2 -2.6 -9.2 2.1
Days payable 391.0 2,415.0 2,971.0 3,834.0 3,340.0
WC days 45.0 238.0 224.0 212.0 186.0
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Margins

Gross margin
Operating margin
Net margin

Balance Sheet

Standalone
Consolidated
%
** All numbers in INR crores
Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 12.9 13.5 14.0 84.0 84.0
Reserves 1,186.0 1,899.8 2,170.5 1,960.7 1,987.1
Borrowings + 107.5 236.4 307.0 477.0 730.5
Long term borrowings 97.7 92.8 154.0 113.6 47.2
Short term borrowings 9.8 143.6 152.9 363.4 683.4
Trade payables + 58.2 265.4 384.4 576.7 509.3
Days payable 391.0 2,415.0 2,971.0 3,834.0 3,340.0
Other liabilities + 800.3 4,129.3 4,912.0 5,380.9 6,246.7
Other non-current liabilities 59.5 91.2 140.4 154.8 172.6
Other current liabilities 682.6 3,772.7 4,387.1 4,649.3 5,564.9
Total liabilities 2,106.6 6,279.0 7,403.4 7,902.6 9,048.4
Fixed Assets + 402.6 1,140.6 1,366.3 1,186.5 1,076.2
Tangible assets 350.2 442.3 531.9 465.1 407.0
CWIP 46.7 122.0 251.4 201.0 134.2
Intangible assets 5.7 576.4 583.1 520.4 535.1
LT loans and advances 2.0 - - - -
Other non-current assets 894.9 347.4 325.5 365.0 399.8
Current assets + 807.0 4,790.9 5,711.6 6,351.1 7,572.3
Inventories 3.5 11.8 20.9 22.7 15.2
Trade receivables 109.6 296.2 480.7 503.7 665.0
Cash and cash equivalents 49.1 320.4 390.6 511.1 612.8
ST loans and advances 0.8 0.3 31.9 57.8 14.4
Other current assets 644.0 4,162.3 4,787.5 5,255.8 6,265.0
Total assets 2,106.6 6,279.0 7,403.4 7,902.6 9,048.4
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Total assets

Profit & Loss

Standalone
Consolidated
%
** All numbers in INR crores
Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Sales + 460.4 932.3 1,280.5 1,309.6 1,597.3
Sales growth % -33.21 102.51 37.35 2.27 21.97
Expenses + 565.7 1,032.4 1,402.2 1,616.0 1,636.7
Cost of goods 54.3 40.1 47.2 54.9 55.6
Employee cost 239.7 451.1 606.7 625.4 659.0
Other costs 132.2 317.2 476.0 550.4 650.0
Operating profit + 34.3 123.9 150.6 79.0 232.6
Operating margin % 7.5 13.3 11.8 6.0 14.6
Other income 22.3 25.6 47.0 66.2 97.9
Interest 19.6 23.7 33.5 57.6 70.3
Depreciation 120.0 200.3 238.7 327.8 201.7
Exceptional items - - - - -
Profit before tax -83.1 -74.5 -74.7 -240.2 58.5
Tax -20.8 -51.9 -18.6 -53.0 14.9
Profit - disc. ops - - - - -
Net profit -62.2 -22.6 -56.1 -187.2 43.5
Net margin % -12.9 -2.4 -4.2 -13.6 2.6
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Revenue from operations

Ratios

Standalone
Consolidated
Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Solvency +
Total Debt/Equity 0.1 0.1 0.1 0.2 0.3
Net Debt/Equity 0.1 0.0 0.0 0.0 0.1
Total Debt/Assets 0.1 0.0 0.0 0.1 0.1
Total Assets/Equity 1.8 3.3 3.4 3.9 4.4
Liquidity +
Current Ratio 1.1 1.1 1.2 1.1 1.1
Quick Ratio 1.1 1.1 1.2 1.1 1.1
Interest Coverage 1.8 5.2 4.5 1.4 3.3
Performance
Gross Margin 88.2 95.7 96.3 95.8 96.5
Operating Margin 7.5 13.3 11.8 6.0 14.6
Net Margin -12.9 -2.4 -4.2 -13.6 2.6
Return +
Return on Equity -5.2 -1.2 -2.6 -9.2 2.1
Pre-tax ROCE -18.7 -4.4 -4.1 -12.8 1.6
Return on Assets -3.0 -0.4 -0.8 -2.4 0.5
Pre-tax ROIC -6.8 -4.0 -4.0 -12.2 1.4
Efficiency +
Days Payable 391.0 2,415.0 2,971.0 3,834.0 3,340.0
Days Inventory 24.0 107.0 161.0 151.0 99.0
Days Receivable 87.0 116.0 137.0 140.0 152.0
Fixed Asset Turnover 1.1 0.8 0.9 1.1 1.5
Total Asset Turnover 0.2 0.1 0.2 0.2 0.2
Working Capital
Cash Conversion Cycle -280.0 -2,192.0 -2,673.0 -3,543.0 -3,089.0
Working Capital Days 45.0 238.0 224.0 212.0 186.0
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Ratios

Current ratio
Debt/equity ratio

Charges on assets

Bank wise
Charges
1

HDFC Bank Limited

No. of Loans: 1

Total Amount : 426.5 cr

2

Axis Bank Limited

No. of Loans: 2

Total Amount : 374.0 cr

3

IndusInd Bank Limited

No. of Loans: 2

Total Amount : 105.0 cr

4

ICICI Bank Limited

No. of Loans: 3

Total Amount : 93.6 cr

5

CitiBank N.A.

No. of Loans: 1

Total Amount : 81.0 cr

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Charges

HDFC Bank Limited
Axis Bank Limited
IndusInd Bank Limited
ICICI Bank Limited
Others

Company Network

Companies connected through Directors

Name Status Paid up Capital Common Directors Address
PINE LABS LIMITED.
Active
114.8 Cr 9 Haryana
CITRUS E-BIZ PAYMENTS PRIVATE LIMITED
Strike Off
1.0 L 1 Maharashtra
FIRST DATA SUPPORT SERVICES PRIVATE LIMI TED
Strike Off
1.0 L 1 Maharashtra
CITRUS PAYMENT SOLUTIONS PRIVATE LIMITED
Amalgamated
1.7 Cr 1 Maharashtra
FINCARE BUSINESS SERVICES LIMITED
Active
33.1 Cr 1 Gujarat
NIVA BUPA HEALTH INSURANCE COMPANY LIMITED
Active
1,718.9 Cr 1 Delhi
FEDBANK FINANCIAL SERVICES LIMITED
Active
372.8 Cr 1
INTEGRACE PRIVATE LIMITED
Active
614.9 Cr 1 Karnataka
PINE LABS PRIVATE LIMITED.
Active
84.0 Cr 1 Haryana
PLAI TECHNOLOGY PRIVATE LIMITED
Active
1.0 L 1 Delhi
VALUEFIRST DIGITAL MEDIA PRIVATE LIMITED
Active
17.8 L 1 Delhi
ITYUKT DIGITAL SOLUTIONS LLP
Active
50,000.0 1 Pradesh
VISTAAR FINANCIAL SERVICES PRIVATE LIMITED
Active
97.1 Cr 1 Karnataka
MAX HEALTHCARE INSTITUTE LIMITED
Active
972.2 Cr 1 Maharashtra
INDIA1 PAYMENTS LIMITED
Active
16.2 Cr 1 Karnataka
STERLITE TECHNOLOGIES LIMITED
Active
97.6 Cr 1 Maharashtra
KARIX MOBILE PRIVATE LIMITED
Amalgamated
3.5 Cr 1 Telangana
TRIVENI TURBINE LIMITED
Active
31.8 Cr 1 Uttar Pradesh
ABB INDIA LIMITED
Active
42.4 Cr 1 Karnataka
UNITED SPIRITS LIMITED
Active
145.5 Cr 1 Karnataka
AMICA FINANCE PRIVATE LIMITED
Active
40.5 Cr 1 Maharashtra
ARTHAN FINANCE PRIVATE LIMITED
Active
22.6 Cr 1 Maharashtra
CHANDAN STEEL LIMITED
Active
21.8 Cr 1 Maharashtra
AVENDUS FINANCE PRIVATE LIMITED
Active
497.6 Cr 1

Tofler Score

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Risk

Severe Risk
  • VERY LOW INTEREST COVERAGE
Moderate Risk
  • HIGH LEVERAGE
  • LOW ROCE
Low Risk
  • No risks identified
About Tofler Score
Tofler Score measures the quality of performance and integrity of a company. It is dependent on three key factors - Sustainability, Governance, and Growth.

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Registered Details

CIN

L67100HR1998PLC113312

PAN

AACCP7457K

Incorporation

1998, 27.8 years

Company Email

cosecy[at]pinelabs[dot]com

Paid up Capital

₹ 114.8 Cr

Authorised Capital

₹ 205.9 Cr

AGM

Sep 2024

Type

Public
Others

FAQ - PINE LABS LIMITED.

What is the incorporation date of PINE LABS LIMITED.?

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The incorporation date of PINE LABS LIMITED. is 18 May, 1998

What is the authorized share capital of PINE LABS LIMITED.?

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The authorized share capital of PINE LABS LIMITED. is INR ₹ 205.9 Cr.

What is the paid-up capital of PINE LABS LIMITED.?

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The paid-up capital of PINE LABS LIMITED. is INR ₹ 114.8 Cr.

What is the registered address of PINE LABS LIMITED.?

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The registered address of PINE LABS LIMITED. is UNIT NO. 408, 4TH FLOOR, TIME TOWER, MG ROAD, DLF QE, Gurgaon, Dlf Qe, Haryana, India, 122002 - 122002

What is the CIN number of PINE LABS LIMITED.?

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The CIN number of PINE LABS LIMITED. is L67100HR1998PLC113312.

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