Ebix Payment Services Private Limited Fiscal Year End 2021 Financial Statements

Ebix Payment Services Private Limited Fiscal Year End 2021 Financial Statements

1. EBIX PAYMENT SERVICES PRIVATE LIMITED
Standalone Financial Statements for period 01/04/2020 to 31/03/2021
[700300] Disclosure of general information about company
Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
01/04/2018
to
31/03/2019
      Name of company
EBIX PAYMENT SERVICES
PRIVATE LIMITED
      Corporate identity number U74999MH2006PTC160835
      Permanent account number of entity AABCI5133N
      Address of registered office of company
2nd Floor, Manek Plaza,
K a l i n a , C S T R o a d ,
Kolekalyan, Santacruz
(E) , Mumbai , MAHARASHTRA
, INDIA - 400098
      Type of industry
C o m m e r c i a l a n d
Industrial
      Date of board meeting when final accounts were approved 30/10/2021
      Date of start of reporting period 01/04/2020 01/04/201901/04/2018
      Date of end of reporting period 31/03/2021 31/03/202031/03/2019
      Nature of report standalone consolidated Standalone
      Content of report Financial Statements
      Description of presentation currency INR
      Level of rounding used in financial statements Lakhs
      Type of cash flow statement Indirect Method
      Whether company is maintaining books of account and other relevant
      books and papers in electronic form
No
Disclosure of principal product or services [Table] ..(1)
Unless otherwise specified, all monetary values are in Lakhs of INR
Types of principal product or services [Axis] 1
01/04/2020
to
31/03/2021
Disclosure of general information about company [Abstract]
   Disclosure of principal product or services [Abstract]
      Disclosure of principal product or services [LineItems]
         Product or service category (ITC 4 digit) code 9983
         Description of product or service category
O T H E R
PROFESSIONAL,
TECHNICAL AND
B U S I N E S S
SERVICES
         Turnover of product or service category 3,07,260.45
         Highest turnover contributing product or service (ITC 8 digit) code 99831591
         Description of product or service
Prepaid Payment
Instruments
         Turnover of highest contributing product or service 3,07,260.45

2. 2
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
[700600] Disclosures - Directors report
Details of directors signing board report [Table] ..(1)
Unless otherwise specified, all monetary values are in Lakhs of INR
Directors signing board report [Axis] 1 2
01/04/2020
to
31/03/2021
01/04/2020
to
31/03/2021
   Details of signatories of board report [Abstract]
      Details of directors signing board report [LineItems]
         Name of director signing board report [Abstract]
            First name of director Vikas SATYA
            Middle name of director BUSHAN
            Last name of director Verma KOTRU
         Designation of director Director Director
         Director identification number of director 03511116 01729176
         Date of signing board report 30/10/2021 30/10/2021
Details of principal business activities contributing 10% or more of total turnover of company [Table] ..(1)
Unless otherwise specified, all monetary values are in Lakhs of INR
Principal business activities of company [Axis]
Product/service 1
[Member]
01/04/2020
to
31/03/2021
      Details of principal business activities contributing 10% or more of total turnover of company [Abstract]
         Details of principal business activities contributing 10% or more of total turnover of company
         [LineItems]
            Name of main product/service
Other Professional,
Technical and
Business Services
            Description of main product/service
Other Professional,
Technical and
Business Services
            NIC code of product/service 99831591
            Percentage to total turnover of company 100.00%

3. 3
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2020
to
31/03/2021
Disclosure in board of directors report explanatory [TextBlock]
Textual information (1)
[See below]
   Description of state of companies affair
Textual information (2)
[See below]
   Disclosure relating to amounts if any which is proposed to carry to any
   reserves
The Board of Directors of
your company has decided
to transfer Rs. 745.66
Lakhs to Reserves for the
year under review.
   Disclosures relating to amount recommended to be paid as dividend
The Board of Directors of
y o u r c o m p a n y , a f t e r
c o n s i d e r i n g
h o l i s t i c a l l y t h e
relevant circumstances,
has decided that it would
b e p r u d e n t , n o t t o
recommend any Dividend
for the year under review.
   Details regarding energy conservation
Conservation of Energy
: Not applicable
      Steps taken or impact on conservation of energy [Text block]
C o n s e r v a t i o n o f
Energy : Not applicable
/>
      Steps taken by the company for utilising alternate sources of energy
      [Text block]
C o n s e r v a t i o n o f
Energy : Not applicable
/>
   Details regarding technology absorption
Technology Absorption
: Not applicable
      Efforts made towards technology absorption [Text block]
T e c h n o l o g y
A b s o r p t i o n : N o t
applicable
      Benefits derived regarding technology absorption
Technology Absorption
: Not applicable
   Details regarding foreign exchange earnings and outgo
F o r e i g n E x c h a n g e
Earnings : Nil Foreign
Exchange Outgo : Nil
   Disclosures in director’s responsibility statement
Textual information (3)
[See below]
   Details of material changes and commitment occurred during period
   affecting financial position of company
There were no, material
changes and commitments
affecting the financial
position of the Company
occurred between the end
of the financial year to
w h i c h t h i s f i n a n c i a l
statement relates.
   Particulars of loans guarantee investment under section 186 [TextBlock]
P u r s u a n t t o t h e
provision of section 186
of the Companies Act, 2013
the particulars of loans,
g u a r a n t e e s a n d
i n v e s t m e n t h a v e b e e n
d i s c l o s e d i n t h e
financial statements.
/>
   Particulars of contracts/arrangements with related parties under section
   188(1) [TextBlock]
Textual information (4)
[See below]
      Details of contracts/arrangements/transactions not at arm's length
      basis [Abstract]
         Whether there are contracts/arrangements/transactions not at arm's
         length basis
No
         Details of contracts/arrangements/transactions not at arm's length
         basis [LineItems]
            Name of related party

4. 4
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
      Details of material contracts/arrangements/transactions at arm's
      length basis [Abstract]
         Whether there are material contracts/arrangements/transactions at
         arm's length basis
No
         Details of material contracts/arrangements/transactions at arm's
         length basis [LineItems]
            Name of related party
   Details of statement indicating manner in which formal
   annual evaluation made by board of its performance and of its
   committees and individual directors [TextBlock]
NA
   Date of board of directors' meeting in which board's report referred
   to under section 134 was approved
30/10/2021
   Disclosure of extract of annual return as provided under section 92(3)
   [TextBlock]
Textual information (5)
[See below]
      Details of principal business activities contributing 10% or more
      of total turnover of company [Abstract]
         Details of principal business activities contributing 10% or
         more of total turnover of company [LineItems]
            Name of main product/service
            Description of main product/service
            NIC code of product/service
            Percentage to total turnover of company
      Particulars of holding, subsidiary and associate companies [Abstract]
         Particulars of holding, subsidiary and associate companies
         [LineItems]
            Name of company
EBIX PAYMENT SERVICES
PRIVATE LIMITED
      Details of change in promoters shareholding [TextBlock]
Textual information (6)
[See below]
      Details of shareholding pattern of top 10 shareholders [Abstract]
         Details of shareholding pattern of top 10 shareholders [LineItems]
            Name of shareholder
      Details of shareholding pattern of directors and key managerial
      personnel [TextBlock]
Textual information (7)
[See below]
   Disclosure of statement on declaration given by independent directors
   under section 149(6) [TextBlock]
Not applicable
/>
   Reappointment of independent directors as per section 149(10) [TextBlock]
Not applicable
/>
   Disclosure for companies covered under section 178(1) on
   directors appointment and remuneration including other matters
   provided under section 178(3) [TextBlock]
NA
   Disclosure of statement on development and implementation of risk
   management policy [TextBlock]
Textual information (8)
[See below]
   Details on policy development and implementation by company on
   corporate social responsibility initiatives taken during year
   [TextBlock]
Textual information (9)
[See below]
   Report on highlights on performance of subsidiaries,
   associates and joint venture companies and their
   contribution to overall performance of the companies
   during the period under report [TextBlock]
Textual information (10)
[See below]
   Disclosure as per rule 8(5) of companies accounts rules 2014 [TextBlock]
      Disclosure of financial summary or highlights [TextBlock]
Textual information (11)
[See below]
      Disclosure of change in nature of business [TextBlock]
there were no changes
i n t h e n a t u r e o f t h e
business activities of
the Company.
      Details of directors or key managerial personnels who were
      appointed or have resigned during year [TextBlock]
Mr. Graham John Prior,
Director of the Company
has resigned w.e.f. July
30, 2020
M r .
N e i l D a v i d E c k e r t ,
Director of the Company
has resigned on w.e.f.
July 30, 2020

5. 5
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
      Disclosure of companies which have become or ceased to be its
      subsidiaries, joint ventures or associate companies during
      year [TextBlock]
Textual information (12)
[See below]
      Details relating to deposits covered under chapter v of companies act
      [TextBlock]
T h e C o m p a n y h a s n o t
accepted any deposits,
w i t h i n t h e m e a n i n g o f
S e c t i o n 7 3 o f t h e
Companies Act, 2013, read
w i t h t h e C o m p a n i e s
(Acceptance of Deposits)
Rules, 2014.
/>
      Details of deposits which are not in compliance with requirements
      of chapter v of act [TextBlock]
T h e C o m p a n y h a s n o t
accepted any deposits,
w i t h i n t h e m e a n i n g o f
S e c t i o n 7 3 o f t h e
Companies Act, 2013, read
w i t h t h e C o m p a n i e s
(Acceptance of Deposits)
Rules, 2014.
/>
      Details of significant and material orders passed by
      regulators or courts or tribunals impacting going concern
      status and company’s operations in future [TextBlock]
T h e r e w a s n o
significant and material
o r d e r p a s s e d b y t h e
Regulators or courts or
Tribunals impacting the
going concern status and
company’s Operations in
future.
      Details regarding adequacy of internal financial controls with
      reference to financial statements [TextBlock]
Textual information (13)
[See below]
   Disclosure of contents of corporate social responsibility policy
   [TextBlock]
Textual information (14)
[See below]
   Disclosure of appointment and remuneration of director or
   managerial personnel if any, in the financial year [TextBlock]
T h e p r o v i s i o n s o f
S e c t i o n 1 9 7 r e a d w i t h
S c h e d u l e V o f t h e
Companies Act 2013 with
respect to Managerial
R e m u n e r a t i o n a r e n o t
applicable for Private
Limited Company.
/>
      Details of remuneration of director or managerial personnel [Abstract]
         Details of remuneration of director or managerial personnel [Line
         items]
            Director identification number of director
   Top ten employed throughout the financial year was in
   receipt of remuneration in aggregate for that year not
   less than one crore and two lakh rupees [Text block]
T h e p r o v i s i o n s o f
S e c t i o n 1 9 7 r e a d w i t h
S c h e d u l e V o f t h e
Companies Act 2013 with
respect to Managerial
R e m u n e r a t i o n a r e n o t
applicable for Private
Limited Company.
/>
   Top ten employed for a part of financial year, at the rate
   in aggregate was not less than eight lakh and fifty
   thousand rupees per month [TextBlock]
T h e p r o v i s i o n s o f
S e c t i o n 1 9 7 r e a d w i t h
S c h e d u l e V o f t h e
Companies Act 2013 with
respect to Managerial
R e m u n e r a t i o n a r e n o t
applicable for Private
Limited Company.
/>

6. 6
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
   Top ten employed throughout the
   financial year of a part was in
   receipt of aggregate
   remuneration in excess of
   managing director or wholetime
   director or manager and holds by
   himself along with spouse and
   children not less than two percent
   of equity shares of company [
   TextBlock]
NA
   Disclosure regarding issue of sweat equity shares [TextBlock] NA
   Disclosure of voting rights not exercised directly by employees [TextBlock] NA
   Disclosure of equity shares with differential rights [TextBlock] NA
   Disclosure of composition of audit committee and non-acceptance
   of any recommendation of audit committee along with reasons
   [TextBlock]
NA
   Disclosure of details of establishment of vigil mechanism [TextBlock]
T h e C o m p a n y h a s a
whistle blower policy to
report genuine concerns
o r g r i e v a n c e s . T h e
Whistle Blower policy has
been posted on the website
o f t h e C o m p a n y
(www.ebixcash.com).
/>
   Disclosure of policy formulated by nomination and remuneration
   committee relating to remuneration for directors, key
   managerial personnels and other employees [TextBlock]
NA
   Disclosure of receipt of commission by director from holding company or
   subsidiary company
Nil
   Disclosure of facts of resignation of director in report of
   directors laid in immediately following general meeting
   [TextBlock]
Mr. Graham John Prior,
Director of the Company
has resigned w.e.f. July
30, 2020
M r .
N e i l D a v i d E c k e r t ,
Director of the Company
has resigned on w.e.f.
July 30, 2020
   Disclosure of report concerns about unethical behaviour,
   actual or suspected fraud or violation of company’s code of
   conduct or ethics policy [TextBlock]
Nil
   Disclosures relating to employee stock option scheme explanatory
   [TextBlock]
NA
   Disclosures relating to employee stock purchase scheme explanatory
   [TextBlock]
NA
   Number of meetings of board [pure] 5
   Details of signatories of board report [Abstract]
      Details of directors signing board report [LineItems]
         Name of director signing board report [Abstract]
            First name of director
            Middle name of director
            Last name of director
         Designation of director
         Director identification number of director
         Date of signing board report

7. 7
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Textual information (1)
Disclosure in board of directors report explanatory [Text Block]
NOTICE OF ANNUAL GENERAL MEETING
NOTICE is hereby given that the Fifteenth Annual General Meeting of the members of Ebix Payment Services Private Limited is to be
convened on Monday, December 06, 2021 at 03:00 p.m. IST through video conferencing (“VC”)/ Other Audio Visual Means (“OAVM”),to
transact the following business:
ORDINARY BUSINESS:
To receive, consider and adopt the Audited Balance Sheet as at March 31, 2021 and the Statement of Profit and Loss for the financial year
ended March 31, 2021 and the Reports of the Board of Directors and the Auditors thereon and in this regard, to consider and if thought fit, to
pass, with or without modification(s), the following resolution as Ordinary Resolution:
“RESOLVED THAT the audited financial statement of the Company along with Statement of Profit and Loss for the financial year ended
March 31, 2021 and the reports of the Board of Directors and Auditors thereon, as circulated to the Members, be and are hereby considered
and adopted.”
To appoint M/s. Walker Chandiok & Co. LLP, Chartered Accountants (Firm Registration No. 001076N/N500013) and M/s. K. G. Somani &
Co. LLP, Chartered Accountants (Firm Registration No. 006591N/N500377) as Joint Statutory Auditors of the Company to hold the office
for a period of five consecutive years from the conclusion of this 15th Annual General meeting till the conclusion of 20th Annual General
Meeting to be held for the FY 2025-26 and to fix their remuneration and in this regard, to consider and if thought fit, to pass, with or without
modification(s), the following resolution as Ordinary Resolution:
“RESOLVED THAT pursuant to the provisions of Section 139 of the Companies Act, 2013 and other applicable provisions, and rules made
thereunder as amended from time to time, M/s. Walker Chandiok & Co. LLP, Chartered Accountants (Firm Registration No.
001076N/N500013) and M/s. K. G. Somani & Co. LLP, Chartered Accountants (Firm Registration No. 006591N/N500377) be and are
hereby appointed as Joint statutory auditor of the company to hold office from the conclusion of this this 15th Annual General meeting till
the conclusion of 20th Annual General Meeting to be held for the FY 2025-26, at such remuneration and out of pocket expenses and taxes as
applicable as may be decided between the board of directors and statutory auditors.”
By order of the Board of Directors
FOR EBIX PAYMENT SERVICES PRIVATE LIMITED
RAHUL CHOPRA
COMPANY SECRETARY
M. No. A41826
DATE: 30.10.2021
PLACE: NOIDA
REGISTERED OFFICE:
2ND FLOOR, MANEK PLAZA, KALINA CST ROAD,
KOLEKALYAN, SANTACRUZ (E) MUMBAI- 400098.
WEBSITE: www.ebixcash.com

8. 8
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
NOTES:
Considering the ongoing Covid – 19 pandemic, the Ministry of Corporate Affairs (“MCA”) has, vide its Circular no. 02/2021 dated January
13, 2021 read together with circulars no. 14/2020 dated April 08, 2020, MCA Circular no. 17/2020 dated April 13, 2020 and Circular no.
20/2020 dated May 05, 2020 (collectively referred to as “MCA Circulars”), permitted convening the Annual General Meeting (“AGM” /
“Meeting”) through Video Conferencing (“VC”) or Other Audio Visual Means (“OAVM”), without physical presence of the members at a
common venue. In accordance with the MCA Circulars, provisions of the Companies Act, 2013 (”the Act”), the AGM of the Company is
being held through VC / OAVM.
Electronic copies of this Notice and financial statements (including Boards report, Auditors report and other Annexures forming part of
Boards report) has been sent to all the members whose e-mail IDs are available with the Company/Depository Participant.
Members who have still not registered their E-mail ID or willing to update their existing E-mail ID are requested to get the same
registered/updated by sending the requisite details (Name, folio number, number of shares etc.) of their shareholding through email on
[email protected]
The voting at the meeting will be conducted through show of hands, unless a demand for poll is made by any member in accordance with
section 109 of Companies Act, 2013. Once such demand is made then all the members attending the meeting will be required to convey their
vote, during the meeting, by sending an email, mentioning their assent/dissent on [email protected] which is the designated email
id of the Company for this purpose.
As the AGM will be held through VC/OAVM where the physical attendance of the members is dispensed with, the facility of appointment of
proxies by members will not be available for the Meeting.
Corporate Members intending to authorize their representatives to attend the meeting through VC/OAVM are requested to send to the
Company on their email id [email protected] , a certified copy of the Board resolution authorizing such a representative to attend
and vote on their behalf at the meeting.
As the AGM of the Company is held through VC/OAVM, we therefore request the members to submit questions in advance relating to the
business specified in the Notice on the Email ID [email protected]
All relevant documents referred in the Notice shall be available for inspection through electronic mode, up to the date of AGM.
Register of Directors and Key Managerial Personnel and their shareholding maintained under Section 170 of Companies Act, 2013, Register
of members, Register of Share Transfer, etc maintained as per Companies Act, 2013 will be available for inspection by the members at the
Annual General Meeting through electronic mode.
Since the AGM will be held through VC/OAVM, the Route Map is not annexed in this Notice.
Procedure for attending the AGM through Video Conferencing:
Members are requested to download the Cisco Webex Meetings app to attend the AGM through Video Conferencing by clicking on the link
mentioned in the email.
The aforesaid link for joining the meeting through VC shall be active for participation on the date of the AGM i.e. December 06, 2021 from
02:45 P.M. (IST) till 03:00 P.M. (IST). The link will be disabled for participation after the said time of 03:15 P.M. (IST).
Members attending the meeting through Video Conferencing shall be counted for the purpose of reckoning the quorum under section 103 of
the Companies Act, 2013.
Members who need assistance before or during the meeting, can contact on the following numbers [phone].
By order of the Board of Directors
FOR EBIX PAYMENT SERVICES PRIVATE LIMITED
RAHUL CHOPRA

9. 9
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
COMPANY SECRETARY
M. No. A41826
Place: Noida
BOARD’S REPORT
Dear Members,
Your Directors have pleasure in presenting their Fifteenth Annual Report on the business and operations of the Company along with the
audited accounts for the Financial Year ended March 31, 2021.
REVIEW OF OPERATIONS - FINANCIAL SUMMARY
During the year under review the company has generated profit of Rs. 745.66 lakhs as compared to loss of Rs. 357.45 Lakh in the FY
2019-20. The company is continuously exploring strategic opportunities in the payment industry in India to ensure sustainable and profitable
growth in the coming years.
The summarized financial results for the Financial Year ended 31st March, 2021 are as under:
Figures in INR Lakhs
Particulars 2020-21 2019-20
Total Income 3,16,587.90 36,966.04
Total Expenses 3,15,593.17 37,402.19
Profit / (Loss) before Tax 994.73 (436.15)
Less: Current Tax 0.00 0.00
Deferred Tax 249.07 (78.70)
Profit / (Loss) after Tax 745.66 (357.45)
THE STATE OF THE COMPANY’S AFFAIRS/THE CHANGE IN THE NATURE OF BUSINESS, IF ANY AFFECTING THE
FINANCIAL POSITION OF THE COMPANY:
Ebix Payment Services Private Limited (the ‘Company’) is a private limited company incorporated under the provisions of the Companies
Act, 1956 having its current registered office is at 2nd floor, Manek Plaza, Kalina CST Road, Kolekalyan, Santacruz (E), Mumbai -400098.
The Company is engaged in the business of providing payment solutions to customers through prepaid instruments, general purpose
reloadable cards, gift cards etc. and facilitating distribution of gift and prepaid cards. The Company also facilitates utility and other bill
payment and domestic money transfer services. During the financial year 31st March, 2021, there were no changes in the nature of the
business activities of the Company.
RESERVES
The Board of Directors of your company has decided to transfer Rs. 745.66 Lakhs to Reserves for the year under review.
WEB LINK OF ANNUAL RETURN
Pursuant to the amendments to Section 134(3)(a) and Section 92(3) of the Act read with Rule 12 of the Companies (Management and
Administration) Rules, 2014, the Annual Return (Form MGT-7) for the financial year ended March 31, 2021, is available on the Company’s
website and can be accessed at https://www.ebixcash.com/static/Common/pdf/annual_return_2021.pdf

10. 10
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
DIVIDEND
The Board of Directors of your company, after considering holistically the relevant circumstances, has decided that it would be prudent, not
to recommend any Dividend for the year under review.
BOARD OF DIRECTORS AND KEY MANAGERIAL PERSONALS
Five Board Meetings i.e. on 30th July 2020, 27th August 2020, 29th October 2020, 09th November 2020 and 08th January, 2021 respectively
were held during the Financial Year 2020–21 under review.
Mr. Graham John Prior, Director of the Company has resigned w.e.f. July 30, 2020
Mr. Neil David Eckert, Director of the Company has resigned on w.e.f. July 30, 2020
MEETINGS OF THE MEMBERS OF THE COMPANY
During the Year Annual General Meeting of the Company was held on December 22, 2020.
VIGIL MECHANISM FOR DIRECTORS AND EMPLOYEES
The Company has a whistle blower policy to report genuine concerns or grievances. The Whistle Blower policy has been posted on the
website of the Company (www.ebixcash.com).
DETAILS OF SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS OR TRIBUNALS
IMPACTING THE GOING CONCERN STATUS AND COMPANY’S OPERATIONS IN FUTURE
There was no significant and material order passed by the Regulators or courts or Tribunals impacting the going concern status and
company’s Operations in future.
SUBSIDIARY/JOINT VENTURE /ASSOCIATE & PERFORMANCE AND FINANCIAL POSITION
ItzCash Payment Solutions Limited was the company’s wholly Owned Subsidiary incorporated on 27th March, 2014 which has not started its
business accordingly form STK-2 was filed in the year 2019.
REGULATORY UPDATES - EVOLUTIONARY AND ENCOURAGING CHANGES
During the fiscal year 2020-21 The Reserve Bank of India has provided various updates and introduced several concepts aimed at growth,
stability, customer acceptance and Compliance.
Sr.NoRBI UpdateDetails Link
Date
of
Update
1
Master
Direction on
Issuance and
Operation of
Prepaid
Payment
Instruments
(Updated as on
November 17,
2020)
Master direction was updated – include that PPI issuers can have additional escrow account
with a different commercial bank
Reserve
Bank of
India -
Master
Directions
(rbi.org.in)
17
Nov
2020
Offline Retail
Payments using
Reserve
Bank of
06

11. 11
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
2 Cards / Wallets
/ Mobile
Devices – Pilot
pilot scheme for small value payments in offline mode India -
Notifications
(rbi.org.in)
Aug
2020
3
Online Dispute
Resolution
(ODR) System
for Digital
Payments
Reserve Bank of India announced introduction of Online Dispute Resolution (ODR) system
for resolving customer disputes and grievances pertaining to digital payments, using a
system-driven and rule-based mechanism with zero or minimal manual intervention.
Reserve
Bank of
India -
Notifications
(rbi.org.in)
06
Aug
2020
4
Framework for
authorisation of
pan-India
Umbrella Entity
for Retail
Payments
To set-up pan-India umbrella entity / entities focussing on retail payment systems.
Reserve
Bank of
India -
Notifications
(rbi.org.in)
18
Aug
2020
5
Implementation
of Section 51A
of UAPA,
1967: Updates
to UNSC’s
Democratic
Republic of
Congo List
As per the instructions from the Ministry of Home Affairs (MHA), any request for delisting
received by any bank, stock exchanges/ depositories, intermediaries regulated by SEBI and
Insurance companies is to be forwarded electronically to Joint Secretary (CTCR), MHA for
consideration. Individuals, groups, undertakings or entities seeking to be removed from the
Security Council’s Democratic Republic of Congo Sanctions List can submit their request for
delisting to an independent and impartial Ombudsperson who has been appointed by the
United Nations Secretary-General. More details are available at the following URL:
https://www.un.org/securitycouncil/ombudsperson/application
Reserve
Bank of
India -
Notifications
(rbi.org.in)
21
Aug
2020
6
Implementation
of Section 51A
of UAPA, 1967
- Updates to
UNSC’s
1267/1989 ISIL
(Da'esh) &
Al-Qaida
Sanctions List -
Amendment to
11 entries (10
Individuals and
one entry in
Entities and
Groups)
Note SC/14299 dated 10 September 2020 amending available information relating to 11
entries (10 individuals and one entity/group) in UNSC’s 1267/1989 ISIL (Da'esh) & Al-Qaida
Sanctions List
Reserve
Bank of
India -
Notifications
(rbi.org.in)
11 Sep
2020
7
Implementation
of Section 51A
of UAPA,
1967: Updates
to UNSC’s
1267/ 1989
ISIL (Da'esh) &
Al-Qaida
Sanctions List –
Addition of one
entry
Note SC/14321 dated 8 October 2020 adding one entry to list of individuals in UNSC’s 1267/
1989 ISIL (Da'esh) & Al-Qaida Sanctions List viz.[QDi.428 Name: 1: JAMAL 2: HUSSEIN
3: HASSAN 4: ZEINIYE]
Reserve
Bank of
India -
Notifications
(rbi.org.in)
09 Oct
2020
8
Framework for
Recognition of
a
Self-Regulatory
Organisation
for Payment
System
Operators
As the payment ecosystem matures and the number of payments systems proliferate, it
becomes necessary, in the interest of optimal use of regulatory resources, that the payments
industry develops standards in respect of system security, pricing practices, customer
protection measures, grievance redressal mechanisms, etc. While self-regulation would release
regulatory resources that can be better focused on issues of systemic importance, it would, by
virtue of being developed by the industry itself, be more appropriate and encourage better
compliance. As the industry is forced to think in terms of developing systems that conform to
best international practices, it would enhance global competitiveness.
It has, therefore, been decided to encourage the establishment of a Self-Regulatory
Organisation (SRO) for Payment Systems Operators (PSOs).
Reserve
Bank of
India -
Notifications
(rbi.org.in)
22 Oct
2020
Digital
Payment

12. 12
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
9
Transactions –
measures for moving towards interoperable QR Codes
Reserve
Bank of
India -
Notifications
(rbi.org.in)
22 Oct
2020

13. 13
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Streamlining
QR Code
infrastructure
10
Card
transactions in
Contactless
mode -
Relaxation in
requirement of
Additional
Factor of
Authentication
per transaction limit for AFA relaxation for contactless card transactions will be increased to
5,000/-.
Reserve
Bank of
India -
Notifications
(rbi.org.in)
04 Dec
2020
11
Perpetual
Validity for
Certificate of
Authorisation
(CoA) issued to
Payment
System
Operators
(PSOs) under
Payment and
Settlement
Systems Act,
2007 (PSS Act)
For existing authorised PSOs, grant of perpetual validity shall be examined as and when the
CoA becomes due for renewal
Reserve
Bank of
India -
Notifications
(rbi.org.in)
04 Dec
2020
12
Authorisation
of entities for
operating a
Payment
System under
the Payment
and Settlement
Systems Act,
2007 (PSS Act)
– Introduction
of Cooling
Period
Cooling Period shall be for one year from the date of revocation / non-renewal / acceptance of
voluntary surrender / rejection of application,
Reserve
Bank of
India -
Notifications
(rbi.org.in)
04 Dec
2020
13
Processing of
e-mandates for
recurring
transactions
relaxation in Additional Factor of Authentication (AFA) was permitted while processing
e-mandates / standing instructions on cards and Prepaid Payment Instruments (PPIs) for
recurring transactions with values up to 2,000/-, increased to 5,000/-
Reserve
Bank of
India -
Notifications
(rbi.org.in)
04 Dec
2020
14
Amendment to
Master
Direction (MD)
on KYC –
Centralized
KYC Registry
– Roll out of
Legal Entity
Template &
other changes
As the CKYCR is now fully operational for individual customers, it has been decided to
extend the CKYCR to Legal Entities (LEs). Accordingly, REs shall upload the KYC data
pertaining to accounts of LEs opened on or after April 1, 2021, on to CKYCR in terms of Rule
9 (1A) of the PML Rules.
Reserve
Bank of
India -
Notifications
(rbi.org.in)
18 Dec
2020
Implementation
of United
Nations
Security
Council
Resolution
(UNSCR) -
1518 (2003)
Sanctions
Committee List

14. 14
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
15
– Updated
UNSCR 1518
list and
Removal of
Two
UNSC Committee established pursuant to resolution 1518 (2003) has approved the removal of
the following individuals from its List of Individuals and Entities subject to the assets freeze
set out by paragraphs 19 and 23 of Security Council resolution 1483 (2003) adopted under
Chapter VII of the Charter of the United Nations.
Reserve
Bank of
India -
Notifications
(rbi.org.in)
25 Jan
2021

15. 15
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Individuals
from the
Sanctions List
16
Implementation
of Section 51A
of UAPA,
1967: Updates
to UNSC’s
1267/ 1989
ISIL (Da'esh) &
Al-Qaida
Sanctions List –
Deletion of two
entries
Note SC/14440 dated 19 February 2021 deleting two entries to list of individuals in UNSC’s
1267/ 1989 ISIL (Da'esh) & Al-Qaida Sanctions List viz. [QDi.138 Name: 1: SAID 2: BEN
ABDELHAKIM 3: BEN OMAR 4: AL-CHERIF ] and [QDi.362 Name: 1: EMRAH 2:
ERDOGAN 3: na 4: na]
Reserve
Bank of
India -
Notifications
(rbi.org.in)
22 Feb
2021
17
Implementation
of Section 51A
of UAPA,
1967: Updates
to UNSC’s
1267/ 1989
ISIL (Da'esh) &
Al-Qaida
Sanctions List –
Amendment of
92 entries
Note SC/14446 dated 23 February 2021 regarding amendment of ninety two entries[1.
QDi.006, 2. QDi.012, 3. QDi.015, 4. QDi.029, 5. QDi.057, 6. QDi.126, 7. QDi.135, 8.
QDi.141, 9. QDi.150, 10. QDi.154, 11. QDi.155, 12. QDi.184, 13. QDi.208, 14. QDi.217, 15.
QDi.219, 16. QDi.222, 17. QDi.223, 18. QDi.226, 19. QDi.244, 20. QDi.251, 21. QDi.268,
22. QDi.282, 23. QDi.292, 24. QDi.293, 25. QDi.295, 26. QDi.299, 27. QDi.296, 28.
QDi.298, 29. QDi.328, 30. QDi.333, 31. QDi.338, 32. QDi.343, 33. QDi.344, 34. QDi.345,
35. QDi.348, 36. QDi.349, 37. QDi.350, 38. QDi.355, 39. QDi.356, 40. QDi.357, 41.
QDi.358, 42. QDi.359, 43. QDi.360, 44. QDi.363, 45. QDi.364, 46. QDi.365, 47. QDi.367,
48. QDi.368, 49. QDi.371, 50. QDi.372, 51. QDi.336, 52. QDi.377, 53. QDe.001, 54.
QDe.002, 55. QDe.003, 56. QDe.004, 57. QDe.006, 58. QDe.007, 59. QDe.008, 60. QDe.010,
61. QDe.011, 62. QDe.012, 63. QDe.014, 64. QDe.019, 65. QDe.021, 66. QDe.070, 67.
QDe.088, 68. QDe.089, 69. QDe.090, 70. QDe.092, 71. QDe.098, 72. QDe.100, 73. QDe.101,
74. QDe.104, 75. QDe.106, 76. QDe.108, 77. QDe.109, 78. QDe.110, 79. QDe.111, 80.
QDe.112, 81. QDe.113, 82. QDe.114, 83. QDe.115, 84. QDe.116, 85. QDe.118, 86. QDe.119,
87. QDe.130, 88. QDe.131, 89. QDe.132, 90. QDe.147, 91. QDe.148, 92. QDe.151]
Reserve
Bank of
India -
Notifications
(rbi.org.in)
24 Feb
2021
18
Amendment to
Master
Direction (MD)
on KYC –
Procedure for
Implementation
of Section 51A
of the Unlawful
Activities
(Prevention)
Act, 1967
Procedure laid down in the Unlawful Activities (Prevention) Act, 1967, (UAPA) Order dated
March 14, 2019, as provided in the Annex-II to the Master Direction, shall be strictly followed
and meticulous compliance with the order issued by the Government shall be ensured.
Reserve
Bank of
India -
Notifications
(rbi.org.in)
23
Mar
2021
19
Implementation
of Section 51A
of UAPA,
1967: Updates
to UNSC’s
1267/ 1989
ISIL (Da'esh) &
Al-Qaida
Sanctions List –
Amendment of
8 entries
Note SC/14473 dated 23 March 2021 regarding amendment of 8 individuals in UNSC’s 1267/
1989 ISIL (Da'esh) & Al-Qaida Sanctions List viz. [QDi.253 Name: 1: KHALIFA 2:
MUHAMMAD 3: TURKI 4: AL-SUBAIY, QDi.326 Name: 1: HAMID 2: HAMAD 3:
HAMID 4: AL-‘ALI, QDi.334 Name: 1: ‘ABD AL-RAHMAN 2: BIN ‘UMAYR 3:
AL-NU’AYMI 4: na, QDi.343 Name: 1: ASHRAF 2: MUHAMMAD 3: YUSUF 4:
'UTHMAN 'ABD AL-SALAM, QDi.344 Name: 1: IBRAHIM 2: 'ISA HAJJI 3:
MUHAMMAD 4: AL-BAKR, QDi.346 Name: 1: 'ABD AL-MALIK 2: MUHAMMAD 3:
YUSUF 4: 'UTHMAN 'ABD AL-SALAM, QDi.380 Name: 1: ABD AL-LATIF 2: BIN
ABDALLAH 3: SALIH MUHAMMAD 4: AL-KAWARI and QDi.382 Name: 1: SA'D 2:
BIN SA'D 3: MUHAMMAD SHARIYAN 4: AL-KA'BI]
Reserve
Bank of
India -
Notifications
(rbi.org.in)
24
Mar
2021
20
Guidelines on
Regulation of
Payment
Aggregators
and Payment
Gateways
Accordingly, neither the authorised Payment Aggregators (PAs) nor the merchants on-boarded
by them can store customer card credentials within their database or server.
Reserve
Bank of
India -
Notifications
(rbi.org.in)
31
March
2021
21
Framework for
processing of
e-mandates for
recurring online
transactions
framework for registering e-mandates for recurring online transactions using cards / wallets /
Unified Payments Interface was put in place. The framework had ensured that changing
payment needs of customers were accommodated by adequately balancing safety, security and
convenience of such transactions.
Reserve
Bank of
India -
Notifications
(rbi.org.in)
31
March
2021
DEPOSITS

16. 16
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
The Company has not accepted any deposits, within the meaning of Section 73 of the Companies Act, 2013, read with the Companies
(Acceptance of Deposits) Rules, 2014.
STATEMENT CONCERNING DEVELOPMENT AND IMPLEMENTATION OF RISK MANAGEMENT POLICY OF THE COMPANY
The Board of Directors has formed Risk & Compliance Committee which has been entrusted with the responsibility to assist the Board in (a)
overseeing and approving the Company’s enterprise wide risk management framework; and (b) identifying and assessing that all the risks
that the organization faces such as strategic, financial, credit, market, liquidity, security, property, IT, legal, regulatory, reputational and other
risks and to ensure that there is an adequate risk management infrastructure in place capable of addressing those risks. The Risk Management
Policy was reviewed and approved by the Committee. The Company manages, monitors and reports on the principal risks and uncertainties
that can impact its ability to achieve its strategic objectives. The Company’s management systems, organisational structures, processes,
standards, code of conduct and behaviours together form the Management System that governs how the Company conducts the business and
manages associated risks.
MATERIAL CHANGES AND COMMITMENTS AFFECTING THE FINANCIAL POSITION OF THE COMPANY FROM THE END OF
THE FINANCIAL YEAR AND UPTO DATE OF BOARD REPORT
There were no, material changes and commitments affecting the financial position of the Company occurred between the end of the financial
year to which this financial statement relates.
STATUTORY AUDITORS
M/s T. R. Chadha & Co LLP, Chartered Accountants, firm registration no. 006711N/N500028 was appointed as Statutory Auditors of the
Company for a term of 5 years starting from 2017-18 till 2021-22 in the Annual General Meeting held on July 10, 2017.
Further, In the FY 2021-22 M/s T. R. Chadha & Co LLP, Chartered Accountants, resigned as Statutory Auditors of the Company on 05th
May, 2021.
To fill the Casual Vacancy caused by resignation of M/s T. R. Chadha & Co LLP, Chartered Accountants (Firm Registration No.
06711N/N500028), M/s Walker Chandiok & Co LLP Chartered Accountants (Firm Registration No. 001076N/N500013) and M/s. K. G.
Somani & Co. LLP, Chartered Accountants (Firm Registration No. 006591N/N500377) were appointed as Joint Statutory Auditors in the
Extra-Ordinary General Meeting held on 14th June, 2021 and they shall hold office up to the conclusion of the upcoming Annual General
Meeting and shall conduct the Statutory Audit for the financial year ended on 31 March, 2021.
Further the board of Directors of the Company has recommended the appointments of M/s Walker Chandiok & Co LLP Chartered
Accountants (Firm Registration No. 001076N/N500013) and M/s. K. G. Somani & Co. LLP, Chartered Accountants (Firm Registration No.
006591N/N500377) as Joint Statutory Auditors for a period of 5 years from conclusion of this 15th Annual General Meeting till the
Conclusion of 20th Annual General Meeting to be held for the financial year 2025-2026 subject to the approval of members of the company
in this forthcoming Annual General Meeting.
Further, the Auditors have confirmed that, their appointment, if made, would be in accordance with the Section 139 of the Companies Act,
2013 and the rules made thereunder and that they are not disqualified in terms of Section 141 of the Act.
AUDITORS’ REPORT
The Auditors’ Report on the financial statements of the Company for the period starting from April 1, 2020 to March 31, 2021 does not
contain any reservation, qualification, adverse remarks or disclaimer.
DETAILS OF FRAUDS REPORTED BY AUDITORS UNDER SUB-SECTION (12) OF SECTION 143 OTHER THAN THOSE WHICH
ARE REPORTABLE TO THE CENTRAL GOVERNMENT
During the period April 1, 2020 to March 31, 2021, no frauds reported to have been occurred, requiring reporting under sub-section 12 of
section 143 of the Companies Act, 2013.
COST RECORDS
The Company is not required to maintain cost records as per sub-section (1) of Section 148 of the Companies Act, 2013.

17. 17
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
SHARE CAPITAL
The Authorised Share Capital of the Company as at 31st March, 2021 stood at Rs. 75,00,00,000.
The paid up Equity Share Capital as at March 31, 2021 stood at Rs. 16,87,71,370. During the year under review, there is no Change in the
Share Capital of the Company.
TRANSFER OF SHARES
During the year company has not recorded any transfer of Shares.
DISCLOSURE ON PURCHASE BY COMPANY OR GIVING OF LOANS BY IT FOR PURCHASE OF ITS SHARES
Pursuant to Section 67 of Companies Act 2013, your Directors declare that Company has neither bought back any of its shares nor has given
loan to employees to enable them to purchase shares of the company
PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS UNDER SECTION 186
Pursuant to the provision of section 186 of the Companies Act, 2013 the particulars of loans, guarantees and investment have been disclosed
in the financial statements.
PARTICULARS OF CONTRACTS OR ARRANGEMENTS WITH RELATED PARTIES:
The contracts or arrangements or transactions with related parties during the year under review were in ordinary course of business and on
arm’s length basis. Accordingly, the disclosure of related party transactions as required under section 134(3)(h) of the Companies Act, 2013
in form AOC-2 is not applicable. None of the transactions with any of the related parties were in conflict with Company’s interest.
The details of the related party transaction during the year are mentioned in note. 41 of the notes to the financial statements for the year
ended March 31, 2021 annexed hereto.
MANAGERIAL REMUNERATION
The provisions of Section 197 read with Schedule V of the Companies Act 2013 with respect to Managerial Remuneration are not applicable
for Private Limited Company.
INTERNAL FINANCIAL CONTROLS:
During the period under review the company has maintained a sufficient Internal Control and care in respect of adequacy of internal financial
controls with reference to the financial statements commensurate with its size and nature of business.
COMPLIANCE OF APPLICABLE SECRETARIAL STANDARDS (SS) ISSUED BY THE INSTITUTE OF COMPANY SECRETARIES
OF INDIA
The Company has complied with the applicable Secretarial Standards as required under Section 118(10) of the Companies Act, 2013.
STATEMENT ON DECLARATION GIVEN BY INDEPENDENT DIRECTORS UNDER SUB-SECTION (6) OF SECTION 149
Not applicable
SECRETARIAL AUDIT
During the period under review the Company is not covered under the criteria of applicability of Secretarial Audit pursuant to the provision
of section 204 of the Companies Act, 2013.

18. 18
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
CORPORATE SOCIAL RESPONSIBILITY COMMITTEE (CSR)
The Corporate Social Responsibility (CSR) Committee of the Company was constituted on 10th July, 2018 by the Board of Directors of the
Company which was comprises Mr. Robin Raina as the Chairman and Mr. Vikas Verma and Mr. Satya Bushan Kotru as the Members of the
Committee. During the year no changes took place in the composition of the Committee.
The role of CSR Committee includes formulating and recommending to the Board the CSR Policy and activities to be undertaken by the
Company, recommending the amount of expenditure to be incurred on CSR activities of the Company, reviewing the performance of
Company in the area of CSR.
During the financial year ended 31st March, 2021, Meeting of the Corporate Social Responsibility Committee was held on February 02,
2021.
DETAILS OF POLICY DEVELOPED AND IMPLEMENTED BY THE COMPANY ON ITS CORPORATE SOCIAL RESPONSIBILITY
INITIATIVES
The Corporate Social Responsibility Committee had formulated and recommended to the Board, a Corporate Social Responsibility Policy
(“CSR Policy”) which was subsequently adopted by it and is being implemented by the Company. The CSR Policy including a brief
overview of the projects or programs proposed to be undertaken is attached as Annexure-I.
CORPORATE SOCIAL RESPONSIBILITY / CSR EXPENDITURE
The Committee, inter alia, will monitor the CSR activities. The amount equal to 2% of the average net profit for the past three financial years
required to be spent on CSR activities.
The Average Profit for the last three years was Rs. 448.14 Lakhs and 2% of the Average Net Profit was Rs. 8.96 Lakhs. The Company has
transferred Rs. 8.96 Lakhs to the PM Cares Fund pursuant to Section 135 (5) of the Companies Act and rules made thereunder.
The Annual Report on CSR is enclosed as Annexure – II.
CONSOLIDATED FINANCIAL STATEMENTS
Not Applicable.
DISCLOSURE UNDER THE SEXUAL HARASSMENT OF WOMAN AT WORKPLACE (PREVENTION, PROHIBITION AND
REDRESSAL) ACT, 2013
The Company has been employing women employees in various cadres within its office. The Company has in place a policy against Sexual
Harassment in line with the requirements of the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act,
2013. All employees are covered under the policy. There was no compliant received from any employee during the financial year 2020-21
and hence no complaint is outstanding as on 31.03.2021 for redressal.
CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO
The information on conservation of energy, technology absorption and foreign exchange earnings and outgo pursuant to Section 134(3) (m)
of the Companies Act, 2013, read with the Rule 8(3) of the Companies (Accounts) Rules, 2014 is given in herein.
Conservation of Energy : Not applicable
Technology Absorption : Not applicable
Foreign Exchange Earnings : Nil
Foreign Exchange Outgo : Nil
DIRECTORS’ RESPONSIBILITY STATEMENT

19. 19
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
The Directors’ Responsibility Statement referred to in clause (c) of sub-section (3) of Section 134 of the Companies Act, 2013, your directors
state that:
in the preparation of the annual accounts, the applicable accounting standards had been followed along with proper explanation relating to
material departures;
the directors had selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and
prudent so as to give a true and fair view of the state of affairs of the company at the end of the financial year and of the profit and loss of the
company for that period;
the directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of
this Act for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities;
the directors had prepared the annual accounts on a going concern basis; and
the directors had devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate
and operating effectively.
ACKNOWLEDGEMENTS
The Board wishes to place on record its appreciation to the patronage and cooperation received from all the stakeholders. The Board also
likes to place on record the valuable guidance and excellent support extended by the Reserve Bank of India (proactive), other regulatory
agencies. The Board of Directors appreciates the commendable service of the employees at all levels.
For and on behalf of the Board of Directors
Ebix Payment Services Private Limited
Place: Noida
Date: 30.10.2021
Vikas Verma Satya Bushan Kotru
Director Director
DIN: 03511116 DIN:01729176
ANNEXURE – I
EBIX PAYMENT SERVICES PVT LTD
(FORMERLY KNOWN AS ITZ CASH CARD PVT LTD)
Corporate Social Responsibility Policy
BACKGROUND:
Corporate Social Responsibility ("CSR") is a concept whereby corporate entities integrate social and environmental concerns in their
business operations and in their interaction with their stakeholders on a voluntary basis. It is a very well known fact that a corporate entity
cannot exist in isolation. A business enterprise cannot be oblivious to societal and environmental development. The corporate entities are
empowered and possess great potential to significantly influence the surroundings in which it operates. The main purpose of an entity must
be beyond creating wealth i.e, towards attaining sustainable development and to create stakeholder value. CSR is the continuing commitment
by the Company to behave ethically and contribute to the economic development while improving the quality of life of the workforce and
their families as well as of the local community and the society at large.

20. 20
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
OUR CSR VISION:
In this era of Globalisation, liberalization and advances in communication technology, there is an alarming increase in the awareness of the
CSR throughout the World. We firmly believe that if we want a better, safer, cleaner and healthy environment then we must take an
initiative, first step to begin our journey towards striking a balance between the societal needs, economic development and eco-friendly
environment through various CSR activities.
Every individual has inter alia the Right to Life, Right to live with dignity, Right to education, Right to clean and healthy environment which
are engraved in the Constitution of India. The responsibility is cast upon the Government to ensure that these Rights are protected and are not
exploited. We realize that this responsibility must be shared by each and every individual, especially by corporate entities to eradicate
hunger, poverty, upliftment of the downtrodden society, provide education and protect the environment. We will strive to emerge as one of
the best Corporate Citizens.
CSR MISSION STATEMENT
Create a meaningful and lasting impact on the communities in Mumbai, Maharashtra by helping them transcend barriers of socio-economic
development.
Promoting preventive healthcare, sanitation, making available safe drinking water and preventing malnutrition in the community.
To empower peoples in terms of education, co-operative financing, legal and social support to fight exploitation.
Construct houses for community living below poverty line in Slums & in Rural Areas.
Provide community support like free education, food, clothing, toys, medical care, picnics, and extra-curricular activities in addition to
quality education to the children’s of the weaker sections.
Develop the skills of the youth through high quality education and research in educational services and to seek sources employment.
Finding sustainable solutions for natural resources, reducing adverse impacts on environment, reducing environment-risky
pollutants/emissions as well as producing environment-friendly goods.
At the entrepreneurship development level, promotion of small entrepreneurs in the field of IT/Solar/Telecom etc in the rural areas.
Contribution to the Prime Minister's National Relief Fund or any other fund set up by the Central Government or the State Governments for
socioeconomic development and relief and funds for the welfare of the Scheduled Castes, the Scheduled Tribes, other backward classes,
minorities and women.
Contribution to any other Fund of any registered trust or a registered society or a company established by the company or its holding or
subsidiary or associate company under section 8 of the Act for the programs to be undertaken under CSR activities.
Social business projects as may be prescribed.
CSR OBJECTIVES
The Company will undertake social projects in designated communities, in a focused manner, for maximum positive impact
In consultation with the local community, the Company will design and effectively implement projects in areas such as healthcare,
community development, education and skills development
Make quality healthcare accessible and affordable for the underprivileged either directly or through designated intermediary vehicle.
Develop and implement the education, water and sanitation, infrastructure development and elderly care projects for sustainable
socio-economic development in the designated communities.

21. 21
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Develop the skills of the youth by setting up educational institutions, improving infrastructure of the existing institutes, providing schools for
students and promoting research in the educational services sector.
Promote Solar awareness programs through various promotional, developmental and livelihood initiatives.
To contribute towards the creation of an enterprise culture in our society.
Validity of CSR Policy
The Board may amend the CSR policy as may be required from time to time.
CSR Programme Areas
The Company will focus primarily on the following programmes:
Community Development
The Company aims to create a meaningful and lasting impact on the communities proximate under-served areas by helping them transcend
the barriers of socio-economic development.
A Model of Integrated Service will be established to improve the life of communities living in slum areas:
Sanitation and hygiene
Preventing malnutrition in designated communities
Promotion of healthy lifestyles
Access to drinking Water, clean environment.
Developing infrastructure facilities like homes.
Elderly care
Education to children and women
The programme will bridge the gap by uniting the Governmental Efforts with the Industry and Peoples Participation.
Healthcare
The Company intends to touch the lives of the people by reaching out to people from every walk of life to help them stay healthy and
educated. The objective is to promote education and wellness and not treatment.
In line with this, under its CSR focus, the company will aim to promote health and education of the children’s living in slum areas. The
Company will perform the following activities:
Promote public healthcare activities including preventive and promotive healthcare through medical treatment & awareness campaigns on
basic healthcare.
The Company will not spend any amount directly on healthcare activities, whatever CSR expenditures will be made on Healthcare activities
as stated above, shall be made through any permitted vehicle as specified under Companies Act, 2013 and related rules issued thereon.
Education and Skills Development

22. 22
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
To work on several educational initiatives to provide quality education, training, skill enhancement for improving the quality of living and
livelihood. Initiatives are aimed at:
Promoting primary and secondary education
Enabling higher education through merit cum means scholarships, including for differently abled across the country.
Using sports as a tool for development of students in both urban and rural settings.
Promoting higher education including setting up and supporting universities
Skill development and vocational training
Environment
To enable enhanced livelihood and quality of life, promote environment sustainability through various initiatives for:
Ecological sustainability
Promoting biodiversity
Conservation of natural resources
Maintaining quality of soil, air and water
Promoting renewable energy
Developing gardens and river fronts
Entrepreneurship
Company aims to hold entrepreneurship workshops by tie up with financial institutions to provide training, create financial and business
templates, to link the entrepreneurs to the first generation entrepreneurs and to provide them the required Information.
Socio Economic Development
Company intends to contribute funds towards socio economic development of SC, ST, minorities and women.
Other Initiatives
To undertake other need based initiatives in compliance with Schedule VII of the Companies Act, 2013.
CSR Budget
The Board of Company shall ensure that in each financial year, the Company spends at least 2% of the average net profit made during the
immediate three preceding financial years towards CSR Activities;
In case of any surplus arising out of the CSR Projects the same shall not form part of business profits of the Company;
The Company may collaborate or pool resources with other Companies (its subsidiary companies) to undertake CSR Activities.

23. 23
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
CSR Implementation
The CSR projects will be implemented in a time-bound manner with clear objectives, plan, targets and robust monitoring and evaluation
mechanisms.
The Company will follow the Direct engagement strategy to undertake the CSR projects thatare aligned to the Policy. This Policy builds on
the learning’s and good practices of the CSR projects initiated by the Company.
The Company will enter into partnerships with the government, not for profit organizations, business partners and communities to create
multiplier effect of its social projects.
The Company has set up dedicated teams for implementation of CSR projects. The mode of implementation will include a combination of
direct implementation and implementation through any trust/society or Section 8 Company.
The Company may decide to undertake its CSR activities approved by the CSR Committee, through a registered trust or a registered society
or a company established under Section 8 of the Act by the company, either singly or along with its holding or subsidiary or associate
company, or along with any other company or holding or subsidiary or associate company of such other company' or otherwise.
In case, such trust, society or company is not established by the company either singly or along with its holding or subsidiary or associate
company, or along with any other Company or holding or subsidiary or associate Company of such other Company, it shall have an
established track record of three years in undertaking similar programs. The Company will select its partners after appropriate due diligence.
The Company will use services of expert agencies, consultancy firms etc. wherever required for carrying out baseline surveys, guidance on
project design and implementation, third-party monitoring and evaluations, impact assessment surveys etc.
The teams responsible for implementing various CSR projects are mentioned in the section on the Governance Structure of the Policy.
The heads of the respective teams managing CSR projects will be authorised to sign Memorandums of Understanding (MOUs)/Agreements
with the implementing partners after taking required approvals.
Roles and responsibilites
The Board
The Board of Directors of the Company will be responsible for:
Approval of the CSR Policy of the Company
Ensuring that the social projects included in the Policy are undertaken by the Company
Ensuring that the Company spends, in every financial year, at least 2% of the average net profits of the Company made during the three
immediately preceding financial years in pursuance of the Policy
Ensuring that the Company gives preference to the local areas around its operations for spending the amount earmarked for CSR projects
Ensuring that it specifies the reasons in its report for not spending the earmarked amount in case the Company fails to spend such amount
Composition of the the CSR committee: The composition of the CSR Committee of the Board is as under.
S. No. Name Designation/Category CSR Committee
1 Mr. Robin Raina Director Chairman
2 Mr. Satya Bushan Kotru Director Member

24. 24
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
3 Mr. Vikas Verma Director Member
The Board shall have the power to make any change(s) in the constitition of the Committee.
Responsibility of the CSR Committee:
Formulate and recommend the CSR Policy to the Board for approval. The Committee shall indicate the projects to be undertaken by the
Company as specified in Schedule VII
Monitor the Policy from time to time and recommend changes to the Board
Recommend the amount of expenditure to be incurred on CSR projects
Institute a transparent monitoring mechanism for ensuring implementation of the social projects undertaken by the Company.
Other Points related to CSR
A company may also collaborate with other companies for undertaking projects or programs or CSR activities in such a manner that the CSR
committees of respective companies are in a position to report separately on such projects & programs and the monitoring & reporting
mechanism.
Only such CSR activities will be taken into consideration as are undertaken within India.
For and on behalf of the Board
Ebix Payment Services Private Limited
Robin Raina
Chairman
DIN: 00475045
ANNEXURE – II
ANNUAL REPORT ON CSR
A brief outline of the Company’s CSR policy, including overview of projects or programmes proposed to be undertaken and a reference to
the web-link to the CSR policy and projects or programmes.
CSR policy is stated herein below:
- Our aim is to continue commitment by business to contribute to economic development while improving quality of life of workforce and
their families as well as society at large.
- Aims at sustainable development i.e., “development that meets the needs of the present without compromising the ability of future
generations to meet their own needs.”
- Strive for eradication of hunger and poverty, provide education and employment opportunities to the needy and down trodden
Composition of CSR Committee:

25. 25
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
S. No.Name of Director Designation/ Nature of directorship
Number of
Meetings of CSR
Committee held during the year
Number of meetings of CSR
Committee attended during the year
1 Mr. Robin Raina Chairman – Non executive 1 1
2 Mr. Vikas Verma Member – Non executive 1 1
3 Mr. Satya Bushan KotruMember – Non executive 1 1
The CSR committee composition, CSR Policy and CSR Projects can be find on website: www.ebixcash.com
Provide the details of Impact assessment of CSR projects carried out in pursuance of sub-rule (3) of rule 8 of the Companies (Corporate
Social responsibility Policy) Rules, 2014, if applicable (attach the report).
NA
Details of the amount available for set off in pursuance of sub-rule (3) of rule 7 of the Companies (Corporate Social responsibility Policy)
Rules, 2014 and amount required for set off for the financial year, if any.
NA
Average net profit of the company as per section 135(5) - Rs. 448.14 Lakh.
(a) Two percent of average net profit of the company as per section 135(5) – Rs. 8.96 Lakh
(b) Surplus arising out of the CSR projects or programmes or activities of the previous financial years - NIL
(c) Amount required to be set off for the financial year, if any-NIL
(d) Total CSR obligation for the financial year (7a+7b- 7c) - Rs. 8.96 Lakh
(a) Details of CSR spend for the financial year:
Total Amount Spent in
Financial Year
(Amount in lakh)
Amount Unspent
(INR in Lacs)
       
Total Amount
transferred to Unspent
CSR Account as per
section 135(6).
  Amount transferred to any fund specified under Schedule VII
as per second proviso to section 135(5).
   
Amount Date of transferName of the Fund Amount
Date of
transfer
NIL N.A. N.A.
PM
Cares
Fund
8.96
Lakh
25.09.2021
(b) Details of CSR amount spent against ongoing projects for the financial year:
Amount

26. 26
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Sr.
No.
Name
of the
project
Item
from
the list
of
activities
in
Schedule
VII to
the
Act.
Local
area
(Yes
/
No)
Location of
the
project
 
Project
duration
Amount
allocated
for the
project
(in `)
Amount
spent in
the
current
financial
Year (in
`)
transferred
to
Unspent
CSR
Account for
the
project as
per
Section
135(6)
(in `)
Mode of
Implementation
Direct
(Yes/No)
Mode of
Implementation
– Through
Implementing
Agency
State District
Name
CSR
Registration
No.
-----Not
Applicable----
                    
(c) Details of CSR amount spent against other than ongoing projects for the financial year:
Sr.
No
Name of the
project
Item from the
list
of activities in
Schedule VII to
the
Act
Local
area
(Yes
/
No)
Location of the
project.
 
Amount
spent
for the
project
(Amount in
lakh)
Mode of
Implementation
Direct
(Yes/No)
Mode of
Implementation –
Through Implementing
Agency
 
State District
Name
CSR
Registration
No.
-----Not
Applicable----
                
(d)Amount spent in Administrative Overheads: Nil
(e) Amount spent on Impact Assessment, if applicable: Nil
(f) Total amount spent for the Financial Year: Nil
(g) Excess amount for set off, if any: Nil
Sl. No.Particular Amount (in Rs.)
(i)Two percent of average net profit of the company as per section 135(5) 8.96 Lakh
(ii)Total amount spent for the Financial Year 8.96 Lakh
(iii)Excess amount spent for the financial year [(ii)-(i)] -

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EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
(iv)Surplus arising out of the CSR projects or programmes or activities of the previous financial years, if any-
(v)
Amount available for set off in succeeding financial years
[(iii)-(iv)]
-
(a) Details of Unspent CSR amount for the preceding three financial years:
Sl. No.
Preceding
Financial
Year.
Amount transferred to
Unspent CSR Account under
section 135 (6) (in Rs.)
Amount spent in the
reporting Financial
Year (in Rs.).
Amount transferred to any fund
specified under Schedule VII as per
section 135(6), if any.
  
Amount remaining to be
spent in succeeding
financial years. (in Rs.)
Name
of the
Fund
Amount
(in Rs).
Date of transfer.
1. 2019-20- - - ---
2. 2018-19- - - ---
3. 2017-18- - - ---
Total- - - ---
(b) Details of CSR amount spent in the financial year for ongoing projects of the preceding financial year(s): NIL
(1)(2)(3)(4) (5) (6) (7) (8) (9)
Sl.
No.
Project
ID.
Name
of the
Project.
Financial Year in
which the project
was comm-enced
Project
duration
Total amount
allocated for the
project (in Rs.).
Amount spent on the
project in the reporting
Financial Year (in Rs).
Cumulative amount spent
at the end of reporting
Financial Year (in Rs.)
Status of the
project –
Comp-leted
/Ongoing
1- - - - - - - -
Total- - - - - - -
In case of creation or acquisition of capital asset, furnish the details relating to the asset so created or acquired through CSR spent in the
financial year (asset-wise details).
(a) Date of creation or acquisition of the capital asset(s) - NIL
(b) Amount of CSR spent for creation or acquisition of capital asset. - NIL
(c) Details of the entity or public authority or beneficiary under whose name such capital asset is registered, their address etc. - NIL
(d) Provide details of the capital asset(s) created or acquired (including complete address and location of the capital asset). – NIL
Specify the reason(s), if the company has failed to spend two per cent of the average net profit as per section 135(5). - NIL
For and on behalf of the Board of Directors
Ebix Payment Services Private Limited
Place: Noida

28. 28
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Date: 30.10.2021
Robin Raina Satya Bushan Kotru
Chairman Member
DIN: 00475045 DIN: 01729176
Textual information (2)
Description of state of companies affair
REVIEW OF OPERATIONS - FINANCIAL SUMMARY During the year under review the company has generated profit of Rs. 745.66
lakhs as compared to loss of Rs. 357.45 Lakh in the FY 2019-20. The company is continuously exploring strategic opportunities in the
payment industry in India to ensure sustainable and profitable growth in the coming years. The summarized financial results for the Financial
Year ended 31st March, 2021 are as under: Figures in INR Lakhs Particulars 2020-21 2019-20 Total Income 3,16,587.90 36,966.04 Total
Expenses 3,15,593.17 37,402.19 Profit / (Loss) before Tax 994.73 (436.15) Less: Current Tax 0.00 0.00 Deferred Tax 249.07 (78.70) Profit /
(Loss) after Tax 745.66 (357.45) THE STATE OF THE COMPANY’S AFFAIRS/THE CHANGE IN THE NATURE OF BUSINESS, IF
ANY AFFECTING THE FINANCIAL POSITION OF THE COMPANY: Ebix Payment Services Private Limited (the ‘Company’) is a
private limited company incorporated under the provisions of the Companies Act, 1956 having its current registered office is at 2nd floor,
Manek Plaza, Kalina CST Road, Kolekalyan, Santacruz (E), Mumbai -400098. The Company is engaged in the business of providing
payment solutions to customers through prepaid instruments, general purpose reloadable cards, gift cards etc. and facilitating distribution of
gift and prepaid cards. The Company also facilitates utility and other bill payment and domestic money transfer services. During the financial
year 31st March, 2021, there were no changes in the nature of the business activities of the Company.
Textual information (3)
Disclosures in director’s responsibility statement
The Directors’ Responsibility Statement referred to in clause (c) of sub-section (3) of Section 134 of the Companies Act, 2013, your directors
state that: in the preparation of the annual accounts, the applicable accounting standards had been followed along with proper explanation
relating to material departures; the directors had selected such accounting policies and applied them consistently and made judgments and
estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the company at the end of the financial
year and of the profit and loss of the company for that period; the directors had taken proper and sufficient care for the maintenance of
adequate accounting records in accordance with the provisions of this Act for safeguarding the assets of the company and for preventing and
detecting fraud and other irregularities; the directors had prepared the annual accounts on a going concern basis; and the directors had
devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating
effectively.
Textual information (4)
Particulars of contracts/arrangements with related parties under section 188(1) [Text Block]
The contracts or arrangements or transactions with related parties during the year under review were in ordinary course of business and on
arm’s length basis. Accordingly, the disclosure of related party transactions as required under section 134(3)(h) of the Companies Act, 2013
in form AOC-2 is not applicable. None of the transactions with any of the related parties were in conflict with Company’s interest.
The details of the related party transaction during the year are mentioned in note. 41 of the notes to the financial statements for the year
ended March 31, 2021 annexed hereto.
Textual information (5)
Disclosure of extract of annual return as provided under section 92(3) [Text Block]
Pursuant to the amendments to Section 134(3)(a) and Section 92(3) of the Act read with Rule 12 of the Companies (Management and
Administration) Rules, 2014, the Annual Return (Form MGT-7) for the financial year ended March 31, 2021, is available on the Company’s
website and can be accessed at https://www.ebixcash.com/static/Common/pdf/annual_return_2021.pdf

29. 29
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Textual information (6)
Details of change in promoters shareholding [Text Block]
Pursuant to the amendments to Section 134(3)(a) and Section 92(3) of the Act read with Rule 12 of the Companies (Management and
Administration) Rules, 2014, the Annual Return (Form MGT-7) for the financial year ended March 31, 2021, is available on the Company’s
website and can be accessed at https://www.ebixcash.com/static/Common/pdf/annual_return_2021.pdf
Textual information (7)
Details of shareholding pattern of directors and key managerial personnel [Text Block]
Pursuant to the amendments to Section 134(3)(a) and Section 92(3) of the Act read with Rule 12 of the Companies (Management and
Administration) Rules, 2014, the Annual Return (Form MGT-7) for the financial year ended March 31, 2021, is available on the Company’s
website and can be accessed at https://www.ebixcash.com/static/Common/pdf/annual_return_2021.pdf
Textual information (8)
Disclosure of statement on development and implementation of risk management policy [Text Block]
The Board of Directors has formed Risk & Compliance Committee which has been entrusted with the responsibility to assist the Board in (a)
overseeing and approving the Company’s enterprise wide risk management framework; and (b) identifying and assessing that all the risks
that the organization faces such as strategic, financial, credit, market, liquidity, security, property, IT, legal, regulatory, reputational and other
risks and to ensure that there is an adequate risk management infrastructure in place capable of addressing those risks. The Risk Management
Policy was reviewed and approved by the Committee. The Company manages, monitors and reports on the principal risks and uncertainties
that can impact its ability to achieve its strategic objectives. The Company’s management systems, organisational structures, processes,
standards, code of conduct and behaviours together form the Management System that governs how the Company conducts the business and
manages associated risks.

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EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Textual information (9)
Details on policy development and implementation by company on corporate social responsibility initiatives taken
during year [Text Block]
CORPORATE SOCIAL RESPONSIBILITY COMMITTEE (CSR)
The Corporate Social Responsibility (CSR) Committee of the Company was constituted on 10th July, 2018 by the Board of Directors of the
Company which was comprises Mr. Robin Raina as the Chairman and Mr. Vikas Verma and Mr. Satya Bushan Kotru as the Members of the
Committee. During the year no changes took place in the composition of the Committee.
The role of CSR Committee includes formulating and recommending to the Board the CSR Policy and activities to be undertaken by the
Company, recommending the amount of expenditure to be incurred on CSR activities of the Company, reviewing the performance of
Company in the area of CSR.
During the financial year ended 31st March, 2021, Meeting of the Corporate Social Responsibility Committee was held on February 02,
2021.
DETAILS OF POLICY DEVELOPED AND IMPLEMENTED BY THE COMPANY ON ITS CORPORATE SOCIAL RESPONSIBILITY
INITIATIVES
The Corporate Social Responsibility Committee had formulated and recommended to the Board, a Corporate Social Responsibility Policy
(“CSR Policy”) which was subsequently adopted by it and is being implemented by the Company. The CSR Policy including a brief
overview of the projects or programs proposed to be undertaken is attached as Annexure-I.
CORPORATE SOCIAL RESPONSIBILITY / CSR EXPENDITURE
The Committee, inter alia, will monitor the CSR activities. The amount equal to 2% of the average net profit for the past three financial years
required to be spent on CSR activities.
The Average Profit for the last three years was Rs. 448.14 Lakhs and 2% of the Average Net Profit was Rs. 8.96 Lakhs. The Company has
transferred Rs. 8.96 Lakhs to the PM Cares Fund pursuant to Section 135 (5) of the Companies Act and rules made thereunder.
Textual information (10)
Report on highlights on performance of subsidiaries, associates and joint venture companies and their
contribution to overall performance of the companies during the period under report [Text Block]
ItzCash Payment Solutions Limited was the company’s wholly Owned Subsidiary incorporated on 27th March, 2014 which has not started its
business accordingly form STK-2 was filed in the year 2019.

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EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Textual information (11)
Disclosure of financial summary or highlights [Text Block]
REVIEW OF OPERATIONS - FINANCIAL SUMMARY
During the year under review the company has generated profit of Rs. 745.66 lakhs as compared to loss of Rs. 357.45 Lakh in the FY
2019-20. The company is continuously exploring strategic opportunities in the payment industry in India to ensure sustainable and profitable
growth in the coming years.
The summarized financial results for the Financial Year ended 31st March, 2021 are as under:
Figures in INR Lakhs
Particulars 2020-21 2019-20
Total Income 3,16,587.90 36,966.04
Total Expenses 3,15,593.17 37,402.19
Profit / (Loss) before Tax 994.73 (436.15)
Less: Current Tax 0.00 0.00
Deferred Tax 249.07 (78.70)
Profit / (Loss) after Tax 745.66 (357.45)
THE STATE OF THE COMPANY’S AFFAIRS/THE CHANGE IN THE NATURE OF BUSINESS, IF ANY AFFECTING THE
FINANCIAL POSITION OF THE COMPANY:
Ebix Payment Services Private Limited (the ‘Company’) is a private limited company incorporated under the provisions of the Companies
Act, 1956 having its current registered office is at 2nd floor, Manek Plaza, Kalina CST Road, Kolekalyan, Santacruz (E), Mumbai -400098.
The Company is engaged in the business of providing payment solutions to customers through prepaid instruments, general purpose
reloadable cards, gift cards etc. and facilitating distribution of gift and prepaid cards. The Company also facilitates utility and other bill
payment and domestic money transfer services. During the financial year 31st March, 2021, there were no changes in the nature of the
business activities of the Company.
Textual information (12)
Disclosure of companies which have become or ceased to be its subsidiaries, joint ventures or associate companies
during year [Text Block]
ItzCash Payment Solutions Limited was the company’s wholly Owned Subsidiary incorporated on 27th March, 2014 which has not started its
business accordingly form STK-2 was filed in the year 2019.
Textual information (13)
Details regarding adequacy of internal financial controls with reference to financial statements [Text Block]
During the period under review the company has maintained a sufficient Internal Control and care in respect of adequacy of internal financial
controls with reference to the financial statements commensurate with its size and nature of business.

32. 32
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Textual information (14)
Disclosure of contents of corporate social responsibility policy [Text Block]
EBIX PAYMENT SERVICES PVT LTD
(FORMERLY KNOWN AS ITZ CASH CARD PVT LTD)
Corporate Social Responsibility Policy
BACKGROUND:
Corporate Social Responsibility ("CSR") is a concept whereby corporate entities integrate social and environmental concerns in their
business operations and in their interaction with their stakeholders on a voluntary basis. It is a very well known fact that a corporate entity
cannot exist in isolation. A business enterprise cannot be oblivious to societal and environmental development. The corporate entities are
empowered and possess great potential to significantly influence the surroundings in which it operates. The main purpose of an entity must
be beyond creating wealth i.e, towards attaining sustainable development and to create stakeholder value. CSR is the continuing commitment
by the Company to behave ethically and contribute to the economic development while improving the quality of life of the workforce and
their families as well as of the local community and the society at large.
OUR CSR VISION:
In this era of Globalisation, liberalization and advances in communication technology, there is an alarming increase in the awareness of the
CSR throughout the World. We firmly believe that if we want a better, safer, cleaner and healthy environment then we must take an
initiative, first step to begin our journey towards striking a balance between the societal needs, economic development and eco-friendly
environment through various CSR activities.
Every individual has inter alia the Right to Life, Right to live with dignity, Right to education, Right to clean and healthy environment which
are engraved in the Constitution of India. The responsibility is cast upon the Government to ensure that these Rights are protected and are not
exploited. We realize that this responsibility must be shared by each and every individual, especially by corporate entities to eradicate
hunger, poverty, upliftment of the downtrodden society, provide education and protect the environment. We will strive to emerge as one of
the best Corporate Citizens.
CSR MISSION STATEMENT
Create a meaningful and lasting impact on the communities in Mumbai, Maharashtra by helping them transcend barriers of socio-economic
development.
Promoting preventive healthcare, sanitation, making available safe drinking water and preventing malnutrition in the community.
To empower peoples in terms of education, co-operative financing, legal and social support to fight exploitation.
Construct houses for community living below poverty line in Slums & in Rural Areas.
Provide community support like free education, food, clothing, toys, medical care, picnics, and extra-curricular activities in addition to
quality education to the children’s of the weaker sections.
Develop the skills of the youth through high quality education and research in educational services and to seek sources employment.
Finding sustainable solutions for natural resources, reducing adverse impacts on environment, reducing environment-risky
pollutants/emissions as well as producing environment-friendly goods.
At the entrepreneurship development level, promotion of small entrepreneurs in the field of IT/Solar/Telecom etc in the rural areas.
Contribution to the Prime Minister's National Relief Fund or any other fund set up by the Central Government or the State Governments for
socioeconomic development and relief and funds for the welfare of the Scheduled Castes, the Scheduled Tribes, other backward classes,

33. 33
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
minorities and women.
Contribution to any other Fund of any registered trust or a registered society or a company established by the company or its holding or
subsidiary or associate company under section 8 of the Act for the programs to be undertaken under CSR activities.
Social business projects as may be prescribed.
CSR OBJECTIVES
The Company will undertake social projects in designated communities, in a focused manner, for maximum positive impact
In consultation with the local community, the Company will design and effectively implement projects in areas such as healthcare,
community development, education and skills development
Make quality healthcare accessible and affordable for the underprivileged either directly or through designated intermediary vehicle.
Develop and implement the education, water and sanitation, infrastructure development and elderly care projects for sustainable
socio-economic development in the designated communities.
Develop the skills of the youth by setting up educational institutions, improving infrastructure of the existing institutes, providing schools for
students and promoting research in the educational services sector.
Promote Solar awareness programs through various promotional, developmental and livelihood initiatives.
To contribute towards the creation of an enterprise culture in our society.
Validity of CSR Policy
The Board may amend the CSR policy as may be required from time to time.
CSR Programme Areas
The Company will focus primarily on the following programmes:
Community Development
The Company aims to create a meaningful and lasting impact on the communities proximate under-served areas by helping them transcend
the barriers of socio-economic development.
A Model of Integrated Service will be established to improve the life of communities living in slum areas:
Sanitation and hygiene
Preventing malnutrition in designated communities
Promotion of healthy lifestyles
Access to drinking Water, clean environment.
Developing infrastructure facilities like homes.
Elderly care

34. 34
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Education to children and women
The programme will bridge the gap by uniting the Governmental Efforts with the Industry and Peoples Participation.
Healthcare
The Company intends to touch the lives of the people by reaching out to people from every walk of life to help them stay healthy and
educated. The objective is to promote education and wellness and not treatment.
In line with this, under its CSR focus, the company will aim to promote health and education of the children’s living in slum areas. The
Company will perform the following activities:
Promote public healthcare activities including preventive and promotive healthcare through medical treatment & awareness campaigns on
basic healthcare.
The Company will not spend any amount directly on healthcare activities, whatever CSR expenditures will be made on Healthcare activities
as stated above, shall be made through any permitted vehicle as specified under Companies Act, 2013 and related rules issued thereon.
Education and Skills Development
To work on several educational initiatives to provide quality education, training, skill enhancement for improving the quality of living and
livelihood. Initiatives are aimed at:
Promoting primary and secondary education
Enabling higher education through merit cum means scholarships, including for differently abled across the country.
Using sports as a tool for development of students in both urban and rural settings.
Promoting higher education including setting up and supporting universities
Skill development and vocational training
Environment
To enable enhanced livelihood and quality of life, promote environment sustainability through various initiatives for:
Ecological sustainability
Promoting biodiversity
Conservation of natural resources
Maintaining quality of soil, air and water
Promoting renewable energy
Developing gardens and river fronts
Entrepreneurship
Company aims to hold entrepreneurship workshops by tie up with financial institutions to provide training, create financial and business

35. 35
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
templates, to link the entrepreneurs to the first generation entrepreneurs and to provide them the required Information.
Socio Economic Development
Company intends to contribute funds towards socio economic development of SC, ST, minorities and women.
Other Initiatives
To undertake other need based initiatives in compliance with Schedule VII of the Companies Act, 2013.
CSR Budget
The Board of Company shall ensure that in each financial year, the Company spends at least 2% of the average net profit made during the
immediate three preceding financial years towards CSR Activities;
In case of any surplus arising out of the CSR Projects the same shall not form part of business profits of the Company;
The Company may collaborate or pool resources with other Companies (its subsidiary companies) to undertake CSR Activities.
CSR Implementation
The CSR projects will be implemented in a time-bound manner with clear objectives, plan, targets and robust monitoring and evaluation
mechanisms.
The Company will follow the Direct engagement strategy to undertake the CSR projects thatare aligned to the Policy. This Policy builds on
the learning’s and good practices of the CSR projects initiated by the Company.
The Company will enter into partnerships with the government, not for profit organizations, business partners and communities to create
multiplier effect of its social projects.
The Company has set up dedicated teams for implementation of CSR projects. The mode of implementation will include a combination of
direct implementation and implementation through any trust/society or Section 8 Company.
The Company may decide to undertake its CSR activities approved by the CSR Committee, through a registered trust or a registered society
or a company established under Section 8 of the Act by the company, either singly or along with its holding or subsidiary or associate
company, or along with any other company or holding or subsidiary or associate company of such other company' or otherwise.
In case, such trust, society or company is not established by the company either singly or along with its holding or subsidiary or associate
company, or along with any other Company or holding or subsidiary or associate Company of such other Company, it shall have an
established track record of three years in undertaking similar programs. The Company will select its partners after appropriate due diligence.
The Company will use services of expert agencies, consultancy firms etc. wherever required for carrying out baseline surveys, guidance on
project design and implementation, third-party monitoring and evaluations, impact assessment surveys etc.
The teams responsible for implementing various CSR projects are mentioned in the section on the Governance Structure of the Policy.
The heads of the respective teams managing CSR projects will be authorised to sign Memorandums of Understanding (MOUs)/Agreements
with the implementing partners after taking required approvals.
Roles and responsibilites
The Board
The Board of Directors of the Company will be responsible for:

36. 36
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Approval of the CSR Policy of the Company
Ensuring that the social projects included in the Policy are undertaken by the Company
Ensuring that the Company spends, in every financial year, at least 2% of the average net profits of the Company made during the three
immediately preceding financial years in pursuance of the Policy
Ensuring that the Company gives preference to the local areas around its operations for spending the amount earmarked for CSR projects
Ensuring that it specifies the reasons in its report for not spending the earmarked amount in case the Company fails to spend such amount
Composition of the the CSR committee: The composition of the CSR Committee of the Board is as under.
S. No. Name Designation/Category CSR Committee
1 Mr. Robin Raina Director Chairman
2 Mr. Satya Bushan Kotru Director Member
3 Mr. Vikas Verma Director Member
The Board shall have the power to make any change(s) in the constitition of the Committee.
Responsibility of the CSR Committee:
Formulate and recommend the CSR Policy to the Board for approval. The Committee shall indicate the projects to be undertaken by the
Company as specified in Schedule VII
Monitor the Policy from time to time and recommend changes to the Board
Recommend the amount of expenditure to be incurred on CSR projects
Institute a transparent monitoring mechanism for ensuring implementation of the social projects undertaken by the Company.
Other Points related to CSR
A company may also collaborate with other companies for undertaking projects or programs or CSR activities in such a manner that the CSR
committees of respective companies are in a position to report separately on such projects & programs and the monitoring & reporting
mechanism.
Only such CSR activities will be taken into consideration as are undertaken within India.
For and on behalf of the Board
Ebix Payment Services Private Limited
Robin Raina
Chairman
DIN: 00475045

37. 37
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
ANNEXURE – II
ANNUAL REPORT ON CSR
A brief outline of the Company’s CSR policy, including overview of projects or programmes proposed to be undertaken and a reference to
the web-link to the CSR policy and projects or programmes.
CSR policy is stated herein below:
- Our aim is to continue commitment by business to contribute to economic development while improving quality of life of workforce and
their families as well as society at large.
- Aims at sustainable development i.e., “development that meets the needs of the present without compromising the ability of future
generations to meet their own needs.”
- Strive for eradication of hunger and poverty, provide education and employment opportunities to the needy and down trodden
Composition of CSR Committee:
S. No.Name of Director Designation/ Nature of directorship
Number of
Meetings of CSR
Committee held during the year
Number of meetings of CSR
Committee attended during the year
1 Mr. Robin Raina Chairman – Non executive 1 1
2 Mr. Vikas Verma Member – Non executive 1 1
3 Mr. Satya Bushan KotruMember – Non executive 1 1
The CSR committee composition, CSR Policy and CSR Projects can be find on website: www.ebixcash.com
Provide the details of Impact assessment of CSR projects carried out in pursuance of sub-rule (3) of rule 8 of the Companies (Corporate
Social responsibility Policy) Rules, 2014, if applicable (attach the report).
NA
Details of the amount available for set off in pursuance of sub-rule (3) of rule 7 of the Companies (Corporate Social responsibility Policy)
Rules, 2014 and amount required for set off for the financial year, if any.
NA
Average net profit of the company as per section 135(5) - Rs. 448.14 Lakh.
(a) Two percent of average net profit of the company as per section 135(5) – Rs. 8.96 Lakh
(b) Surplus arising out of the CSR projects or programmes or activities of the previous financial years - NIL
(c) Amount required to be set off for the financial year, if any-NIL
(d) Total CSR obligation for the financial year (7a+7b- 7c) - Rs. 8.96 Lakh
(a) Details of CSR spend for the financial year:

38. 38
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Total Amount Spent in
Financial Year
(Amount in lakh)
Amount Unspent
(INR in Lacs)
       
Total Amount
transferred to Unspent
CSR Account as per
section 135(6).
  Amount transferred to any fund specified under Schedule VII
as per second proviso to section 135(5).
   
Amount Date of transferName of the Fund Amount
Date of
transfer
NIL N.A. N.A.
PM
Cares
Fund
8.96
Lakh
25.09.2021
(b) Details of CSR amount spent against ongoing projects for the financial year:
Sr.
No.
Name
of the
project
Item
from
the list
of
activities
in
Schedule
VII to
the
Act.
Local
area
(Yes
/
No)
Location of
the
project
 
Project
duration
Amount
allocated
for the
project
(in `)
Amount
spent in
the
current
financial
Year (in
`)
Amount
transferred
to
Unspent
CSR
Account for
the
project as
per
Section
135(6)
(in `)
Mode of
Implementation
Direct
(Yes/No)
Mode of
Implementation
– Through
Implementing
Agency
State District
Name
CSR
Registration
No.
-----Not
Applicable----
                    
(c) Details of CSR amount spent against other than ongoing projects for the financial year:
Sr.
No
Name of the
project
Item from the
list
of activities in
Schedule VII to
the
Act
Local
area
(Yes
/
No)
Location of the
project.
 
Amount
spent
for the
project
(Amount in
lakh)
Mode of
Implementation
Direct
(Yes/No)
Mode of
Implementation –
Through Implementing
Agency
 
State District
Name
CSR
Registration

39. 39
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
No.
-----Not
Applicable----
                
(d)Amount spent in Administrative Overheads: Nil
(e) Amount spent on Impact Assessment, if applicable: Nil
(f) Total amount spent for the Financial Year: Nil
(g) Excess amount for set off, if any: Nil
Sl. No.Particular Amount (in Rs.)
(i)Two percent of average net profit of the company as per section 135(5) 8.96 Lakh
(ii)Total amount spent for the Financial Year 8.96 Lakh
(iii)Excess amount spent for the financial year [(ii)-(i)] -
(iv)Surplus arising out of the CSR projects or programmes or activities of the previous financial years, if any-
(v)
Amount available for set off in succeeding financial years
[(iii)-(iv)]
-
(a) Details of Unspent CSR amount for the preceding three financial years:
Sl. No.
Preceding
Financial
Year.
Amount transferred to
Unspent CSR Account under
section 135 (6) (in Rs.)
Amount spent in the
reporting Financial
Year (in Rs.).
Amount transferred to any fund
specified under Schedule VII as per
section 135(6), if any.
  
Amount remaining to be
spent in succeeding
financial years. (in Rs.)
Name
of the
Fund
Amount
(in Rs).
Date of transfer.
1. 2019-20- - - ---
2. 2018-19- - - ---
3. 2017-18- - - ---
Total- - - ---
(b) Details of CSR amount spent in the financial year for ongoing projects of the preceding financial year(s): NIL
(1)(2)(3)(4) (5) (6) (7) (8) (9)
Sl.
No.
Project
ID.
Name
of the
Project.
Financial Year in
which the project
was comm-enced
Project
duration
Total amount
allocated for the
project (in Rs.).
Amount spent on the
project in the reporting
Financial Year (in Rs).
Cumulative amount spent
at the end of reporting
Financial Year (in Rs.)
Status of the
project –
Comp-leted
/Ongoing
1- - - - - - - -
Total- - - - - - -

40. 40
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
In case of creation or acquisition of capital asset, furnish the details relating to the asset so created or acquired through CSR spent in the
financial year (asset-wise details).
(a) Date of creation or acquisition of the capital asset(s) - NIL
(b) Amount of CSR spent for creation or acquisition of capital asset. - NIL
(c) Details of the entity or public authority or beneficiary under whose name such capital asset is registered, their address etc. - NIL
(d) Provide details of the capital asset(s) created or acquired (including complete address and location of the capital asset). – NIL
Specify the reason(s), if the company has failed to spend two per cent of the average net profit as per section 135(5). - NIL
For and on behalf of the Board of Directors
Ebix Payment Services Private Limited
Place: Noida
Date: 30.10.2021
Robin Raina Satya Bushan Kotru
Chairman Member
DIN: 00475045 DIN: 01729176
[700500] Disclosures - Signatories of financial statements
Details of directors signing financial statements [Table] ..(1)
Unless otherwise specified, all monetary values are in Lakhs of INR
Directors signing financial statements [Axis] 1 2
01/04/2020
to
31/03/2021
01/04/2020
to
31/03/2021
Details of signatories of financial statements [Abstract]
   Details of directors signing financial statements [Abstract]
      Details of directors signing financial statements [LineItems]
         Name of director signing financial statements [Abstract]
            First name of director SATYA Vikas
            Middle name of director BUSHAN
            Last name of director KOTRU Verma
         Designation of director Director Director
         Director identification number of director 01729176 03511116
         Date of signing of financial statements by director 30/10/2021 30/10/2021
Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2020
to
31/03/2021
      Name of company secretary
R A H U L
CHOPRA   
      Permanent account number of company secretary AWPPC2631L
      Date of signing of financial statements by company secretary 30/10/2021

41. 41
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
[700400] Disclosures - Auditors report
Disclosure of auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report [Table] ..(1)
Unless otherwise specified, all monetary values are in Lakhs of INR
Auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report [Axis]
Auditor's
favourable remark
[Member]
Auditor's
disclaimer remark
[Member]
Clause not
applicable
[Member]
01/04/2020
to
31/03/2021
01/04/2020
to
31/03/2021
01/04/2020
to
31/03/2021
   Disclosure of auditor's qualification(s), reservation(s) or adverse
   remark(s) in auditors' report [Abstract]
      Disclosure of auditor's qualification(s), reservation(s) or
      adverse remark(s) in auditors' report [LineItems]
         Disclosure in auditors report relating to fixed assets
Textual information
(15) [See below]
            Disclosure relating to quantitative details of fixed assets
The Company has
maintained proper
records showing full
particulars,
i n c l u d i n g
quantitative details
and situation of
property, plant and
equipment.
            Disclosure relating to physical verification and material
            discrepancies of fixed assets
Textual information
(16) [See below]
            Disclosure relating to title deeds of immovable properties
The Company does
not hold any
immovable property
(in the nature of
‘property, plant and
equipment’).
Accordingly, the
provisions of clause
3(i)(c) of the Order
are not applicable.
         Disclosure in auditors report relating to inventories
Textual information
(17) [See below]
         Disclosure in auditors report relating to loans
Textual information
(18) [See below]
            Disclosure about loans granted to parties covered under
            section 189 of companies act
(a) in our opinion
the terms and
conditions of grant
of such loans are
not, prima facie,
prejudicial to the
Company’s interest;
            Disclosure relating to terms and conditions of loans granted
Textual information
(19) [See below]
            Disclosure regarding receipt of loans granted
(c) there is no
overdue amount in
respect of loans
granted to such
companies.
            Disclosure regarding terms of recovery of loans granted
(c) there is no
overdue amount in
respect of loans
granted to such
companies.
         Disclosure in auditors report relating to compliance with
         Section 185 and 186 of Companies Act, 2013
Textual information
(20) [See below]
         Disclosure in auditors report relating to deposits accepted
Textual information
(21) [See below]
         Disclosure in auditors report relating to maintenance of cost
         records
Textual information
(22) [See below]
         Disclosure in auditors report relating to statutory dues [TextBlock]
Textual information
(23) [See below]
            Disclosure relating to regularity in payment of undisputed
            statutory dues [TextBlock]
Textual information
(24) [See below]
            Disclosure relating to disputed statutory dues [TextBlock]
(A)      Textual
information (25)
[See below]
         Disclosure in auditors report relating to default in repayment of
         financial dues
Textual information
(26) [See below]
         Disclosure in auditors report relating to public offer and
         term loans used for purpose for which those were raised
Textual information
(27) [See below]

42. 42
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
         Disclosure in auditors report relating to fraud by the
         company or on the company by its officers or its
         employees reported during period
No fraud by the
Company or on the
Company by its
officers or
employees has been
noticed or reported
during the period
covered by our
audit.
         Disclosure in auditors report relating to managerial remuneration
Textual information
(28) [See below]
         Disclosure in auditors report relating to Nidhi Company
In our opinion, the
Company is not a
Nidhi Company.
Accordingly,
provisions of clause
3(xii) of the Order
are not applicable.
         Disclosure in auditors report relating to transactions with related
         parties
Textual information
(29) [See below]
         Disclosure in auditors report relating to preferential
         allotment or private placement of shares or convertible
         debentures
During the year, the
Company has not
m a d e a n y
preferential
allotment or private
placement of shares
or fully or partly
convertible
debentures
         Disclosure in auditors report relating to non-cash
         transactions with directors or persons connected with him
In our opinion, the
Company has not
entered into any
n o n - c a s h
transactions with the
directors or persons
connected with them
covered under
Section 192 of the
Act.
         Disclosure in auditors report relating to registration
         under section 45-IA of Reserve Bank of India Act, 1934
The Company is not
required to be
registered under
Section 45-IA of the
Reserve Bank of
India Act, 1934.
Footnotes
(A)The dues outstanding in respect of income-tax, sales-tax, service-tax, duty of customs, duty of excise and value added tax on
account of any dispute, are as follows: Statement of Disputed Dues Name of the statuteNature of duesAmount ( INR in
Lakhs)Amount paid under Protest (INR in Lakhs)Period to which the amount relatesForum where dispute is pending Finance Act,
1994Service tax31.64-October 2010 to June 2012The Customs Excise and Service Tax Appellate Tribunal (‘CESTAT’), Mumbai
Finance Act, 1994Service tax 21.19-FY 2013-14 and 2014-15Commissioner of Service Tax, Mumbai Finance Act, 1994Service tax
110.99-FY 2012-13, FY 2014-15Commissioner of Service Tax, Mumbai Finance Act, 1994Service tax58.82-FY 2016-17, FY
2017-18Commissioner of Service Tax, Mumbai Finance Act, 1994Service tax 350.29-FY 2015-16Commissioner of Service Tax,
Mumbai Finance Act,1994Service tax 287.1237.14October 2007 to March 2012 Commissioner of Service Tax, Mumbai Finance
Act, 1994Service tax 32.17-FY 2012-13Commissioner of Service Tax, Mumbai Finance Act, 1994Service tax 47.88-FY
2014-15Commissioner of Service Tax, Mumbai Finance Act, 1994Service tax 16.24-October 2015 to March 2016Commissioner of
Service Tax, Mumbai Finance Act, 1994Service tax 23.66-FY 2013-14Commissioner of Service Tax, Mumbai Finance Act,
1994Service tax 88.18-FY 2016-17Commissioner of Service Tax, Mumbai

43. 43
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Details regarding auditors [Table] ..(1)
Unless otherwise specified, all monetary values are in Lakhs of INR
Auditors [Axis] 1 2
01/04/2020
to
31/03/2021
01/04/2020
to
31/03/2021
   Details regarding auditors [Abstract]
      Details regarding auditors [LineItems]
         Category of auditor Auditors firmAuditors firm
         Name of audit firm
Walker Chandiok &
Co LLP
(A)      K. G. Somani
& Co.
         Name of auditor signing report Rohit Arora Varun Sharma
         Firms registration number of audit firm 001076N/N500013006591N/AAX-5330
         Membership number of auditor 504774 512916
         Address of auditors
21st Floor, DLF
Square, Jacaranda
Marg, DLF Phase
II, Gurugram,
Haryana-122002
3/15, Asaf Ali Road,
New Delhi-110002
         Permanent account number of auditor or auditor's firm AAAFW4298E AAXFK6191P
         SRN of form ADT-1 T23023377 T23023377
         Date of signing audit report by auditors 30/10/2021 30/10/2021
         Date of signing of balance sheet by auditors 30/10/2021 30/10/2021
Footnotes
(A)previously known as K. G. Somani & Co. PAN - AAAFK5666L
Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2020
to
31/03/2021
Disclosure in auditor’s report explanatory [TextBlock]
Textual information (30)
[See below]
   Whether companies auditors report order is applicable on company Yes
   Whether auditors' report has been qualified or has any reservations or
   contains adverse remarks
No
Textual information (15)
Disclosure in auditors report relating to fixed assets
(i) (a) The Company has maintained proper records showing full particulars, including quantitative details and situation of property, plant and
equipment. (b) The property, plant and equipment have been physically verified by the management during the year by engaging the outside
expert and no material discrepancies were noticed on such verification. In our opinion, the frequency of verification of the property, plant and
equipment is reasonable having regard to the size of the Company and the nature of its assets. (c) The Company does not hold any
immovable property (in the nature of ‘property, plant and equipment’). Accordingly, the provisions of clause 3(i)(c) of the Order are not
applicable.
Textual information (16)
Disclosure relating to physical verification and material discrepancies of fixed assets
The property, plant and equipment have been physically verified by the management during the year by engaging the outside expert and no
material discrepancies were noticed on such verification. In our opinion, the frequency of verification of the property, plant and equipment is
reasonable having regard to the size of the Company and the nature of its assets.
Textual information (17)
Disclosure in auditors report relating to inventories
In our opinion, the management has conducted physical verification of inventory at reasonable intervals during the year and no material
discrepancies between physical inventory and book records were noticed on physical verification.

44. 44
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Textual information (18)
Disclosure in auditors report relating to loans
The Company has granted unsecured loans to companies covered in the register maintained under Section 189 of the Act; and with respect to
the same: (a) in our opinion the terms and conditions of grant of such loans are not, prima facie, prejudicial to the Company’s interest; (b) the
schedule of repayment of principal and payment of interest has been stipulated wherein the principal amounts are repayable and interest is
payable on demand and since the repayment of such loans and interest has not been demanded, in our opinion, repayment of the principal and
payment of interest amount is regular; (c) there is no overdue amount in respect of loans granted to such companies.
Textual information (19)
Disclosure relating to terms and conditions of loans granted
(b) the schedule of repayment of principal and payment of interest has been stipulated wherein the principal amounts are repayable and
interest is payable on demand and since the repayment of such loans and interest has not been demanded, in our opinion, repayment of the
principal and payment of interest amount is regular;
Textual information (20)
Disclosure in auditors report relating to compliance with Section 185 and 186 of Companies Act, 2013
In our opinion, the Company has complied with the provisions of Sections 185 and 186 of the Act in respect of loans and investments.
Further, in our opinion, the Company has not entered into any transaction covered under Section 185 and Section 186 of the Act in respect of
guarantees and security.
Textual information (21)
Disclosure in auditors report relating to deposits accepted
In our opinion, the Company has not accepted any deposits within the meaning of Sections 73 to 76 of the Act and the Companies
(Acceptance of Deposits) Rules, 2014 (as amended). Accordingly, the provisions of clause 3(v) of the Order are not applicable.
Textual information (22)
Disclosure in auditors report relating to maintenance of cost records
The Central Government has not specified maintenance of cost records under sub-section (1) of Section 148 of the Act, in respect of
Company’s products/services. Accordingly, the provisions of clause 3(vi) of the Order are not applicable.
Textual information (23)
Disclosure in auditors report relating to statutory dues [Text Block]
(a) Undisputed statutory dues including provident fund, employees’ state insurance, income-tax, sales-tax, service tax, duty of customs, duty
of excise, value added tax, cess and other material statutory dues, as applicable, have generally been regularly deposited to the appropriate
authorities, though there has been a slight delay in a few cases. Further, no undisputed amounts payable in respect thereof were outstanding at
the year-end for a period of more than six months from the date they became payable. (b) The dues outstanding in respect of income-tax,
sales-tax, service-tax, duty of customs, duty of excise and value added tax on account of any dispute, are as follows: Statement of Disputed
Dues Name of the statute Nature of dues Amount ( INR in Lakhs) Amount paid under Protest (INR in Lakhs) Period to which the amount
relates Forum where dispute is pending Finance Act, 1994 Service tax 31.64 - October 2010 to June 2012 The Customs Excise and Service
Tax Appellate Tribunal (‘CESTAT’), Mumbai Finance Act, 1994 Service tax 21.19 - FY 2013-14 and 2014-15 Commissioner of Service
Tax, Mumbai Finance Act, 1994 Service tax 110.99 - FY 2012-13, FY 2014-15 Commissioner of Service Tax, Mumbai Finance Act, 1994
Service tax 58.82 - FY 2016-17, FY 2017-18 Commissioner of Service Tax, Mumbai Finance Act, 1994 Service tax 350.29 - FY 2015-16
Commissioner of Service Tax, Mumbai Finance Act,1994 Service tax 287.12 37.14 October 2007 to March 2012 Commissioner of Service
Tax, Mumbai Finance Act, 1994 Service tax 32.17 - FY 2012-13 Commissioner of Service Tax, Mumbai Finance Act, 1994 Service tax
47.88 - FY 2014-15 Commissioner of Service Tax, Mumbai Finance Act, 1994 Service tax 16.24 - October 2015 to March 2016
Commissioner of Service Tax, Mumbai Finance Act, 1994 Service tax 23.66 - FY 2013-14 Commissioner of Service Tax, Mumbai Finance
Act, 1994 Service tax 88.18 - FY 2016-17 Commissioner of Service Tax, Mumbai

45. 45
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Textual information (24)
Disclosure relating to regularity in payment of undisputed statutory dues [Text Block]
Undisputed statutory dues including provident fund, employees’ state insurance, income-tax, sales-tax, service tax, duty of customs, duty of
excise, value added tax, cess and other material statutory dues, as applicable, have generally been regularly deposited to the appropriate
authorities, though there has been a slight delay in a few cases. Further, no undisputed amounts payable in respect thereof were outstanding at
the year-end for a period of more than six months from the date they became payable.
Textual information (25)
Disclosure relating to disputed statutory dues [Text Block]
The dues outstanding in respect of income-tax, sales-tax, service-tax, duty of customs, duty of excise and value added tax on account of any
dispute, are as follows: Statement of Disputed Dues Name of the statute Nature of dues Amount ( INR in Lakhs) Amount paid under Protest
(INR in Lakhs) Period to which the amount relates Forum where dispute is pending Finance Act, 1994 Service tax 31.64 - October 2010 to
June 2012 The Customs Excise and Service Tax Appellate Tribunal (‘CESTAT’), Mumbai Finance Act, 1994 Service tax 21.19 - FY
2013-14 and 2014-15 Commissioner of Service Tax, Mumbai Finance Act, 1994 Service tax 110.99 - FY 2012-13, FY 2014-15
Commissioner of Service Tax, Mumbai Finance Act, 1994 Service tax 58.82 - FY 2016-17, FY 2017-18 Commissioner of Service Tax,
Mumbai Finance Act, 1994 Service tax 350.29 - FY 2015-16 Commissioner of Service Tax, Mumbai Finance Act,1994 Service tax 287.12
37.14 October 2007 to March 2012 Commissioner of Service Tax, Mumbai Finance Act, 1994 Service tax 32.17 - FY 2012-13
Commissioner of Service Tax, Mumbai Finance Act, 1994 Service tax 47.88 - FY 2014-15 Commissioner of Service Tax, Mumbai Finance
Act, 1994 Service tax 16.24 - October 2015 to March 2016 Commissioner of Service Tax, Mumbai Finance Act, 1994 Service tax 23.66 - FY
2013-14 Commissioner of Service Tax, Mumbai Finance Act, 1994 Service tax 88.18 - FY 2016-17 Commissioner of Service Tax, Mumbai
Textual information (26)
Disclosure in auditors report relating to default in repayment of financial dues
The Company has no loans or borrowings payable to a financial institution or a bank or government and no dues payable to
debenture-holders during the year. Accordingly, the provisions of clause 3(viii) of the Order are not applicable.
Textual information (27)
Disclosure in auditors report relating to public offer and term loans used for purpose for which those were raised
The Company did not raise moneys by way of initial public offer or further public offer (including debt instruments) and did not have any
term loans outstanding during the year. Accordingly, the provisions of clause 3(ix) of the Order are not applicable.
Textual information (28)
Disclosure in auditors report relating to managerial remuneration
The provisions of Section 197 of the Act read with Schedule V to the Act are not applicable to the Company since the Company is not a
public company as defined under Section 2(71) of the Act. Accordingly, provisions of clause 3(xi) of the Order are not applicable.
Textual information (29)
Disclosure in auditors report relating to transactions with related parties
In our opinion, all transactions with the related parties are in compliance with Section 188 of the Act, where applicable, and the requisite
details have been disclosed in the financial statements, as required by the applicable Ind AS. Further, in our opinion, the company is not
required to constitute audit committee under Section 177 of the Act.

46. 46
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Textual information (30)
Disclosure in auditor’s report explanatory [Text Block]
Independent Auditor’s Report
To the Members of Ebix Payment Services Private Limited
Report on the Audit of the Financial Statements
Opinion
We have audited the accompanying financial statements of Ebix Payment Services Private Limited (‘the Company’), which comprise the
Balance Sheet as at 31 March 2021, the Statement of Profit and Loss (including Other Comprehensive Income), the Cash Flow Statement and
the Statement of Changes in Equity for the year then ended, and a summary of the significant accounting policies and other explanatory
information.
In our opinion and to the best of our information and according to the explanations given to us, the aforesaid financial statements give the
information required by the Companies Act, 2013 (‘Act’) in the manner so required and give a true and fair view in conformity with the
accounting principles generally accepted in India including Indian Accounting Standards (‘Ind AS’) specified under section 133 of the Act,
of the state of affairs of the Company as at 31 March 2021, its profit (including other comprehensive income), its cash flows and the changes
in equity for the year ended on that date.
Basis for Opinion
We conducted our audit in accordance with the Standards on Auditing specified under section 143(10) of the Act. Our responsibilities under
those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. We are
independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in terms of
the Code of Ethics issued by the Institute of Chartered Accountants of India (‘ICAI’) and the relevant provisions of the Act and the rules
thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe
that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Emphasis of Matter- Restatement of Comparative Financial Statements
We draw attention to note 50 to the accompanying financial statements which describes the restatement of the comparative financial
information included in the accompanying financial statements for the year ended 31 March 2020 and opening balance sheet as at 01 April
2019, in accordance with the requirements of Ind AS 8, Accounting Policies, Changes in Accounting Estimates and Errors. Our opinion is
not modified in respect of this matter.
Information other than the Financial Statements and Auditor’s Report thereon
The Company’s Board of Directors are responsible for the other information. The other information comprises the information included in
the Annual Report, but does not include the financial statements and our auditor’s report thereon.
Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion
thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether
the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to
be materially misstated.
The Annual Report is not made available to us at the date of this auditor’s report. We have nothing to report in this regard.
Responsibilities of Management for the Financial Statements
The accompanying financial statements have been approved by the Company’s Board of Directors. The Company’s Board of Directors are

47. 47
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
responsible for the matters stated in section 134(5) of the Act with respect to the preparation and presentation of these financial statements
that give a true and fair view of the financial position, financial performance including other comprehensive income, changes in equity and
cash flows of the Company in accordance with the accounting principles generally accepted in India, including the Ind AS specified under
section 133 of the Act. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the
Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application
of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and
maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the
accounting records, relevant to the preparation and presentation of the financial statements that give a true and fair view and are free from
material misstatement, whether due to fraud or error.
In preparing the financial statements, Board of Directors are responsible for assessing the Company’s ability to continue as a going concern,
disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless Board of Directors either
intend to liquidate the Company or to cease operations, or has no realistic alternative but to do so.
Auditor’s Responsibilities for the Audit of the Financial Statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement,
whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but
is not a guarantee that an audit conducted in accordance with Standards on Auditing will always detect a material misstatement when it
exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be
expected to influence the economic decisions of users taken on the basis of these financial statements.
As part of an audit in accordance with Standards on Auditing, we exercise professional judgment and maintain professional skepticism
throughout the audit. We also:
Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit
procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk
of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion,
forgery, intentional omissions, misrepresentations, or the override of internal control;
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances.
Under section 143(3)(i) of the Act, we are also responsible for expressing our opinion on whether the Company has adequate internal
financial controls with reference to financial statements in place and the operating effectiveness of such controls;
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by
management;
Conclude on the appropriateness of management’s use of the going concern basis of accounting and, based on the audit evidence obtained,
whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company’s ability to continue as a
going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related
disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit
evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the Company to cease to continue as
a going concern;
Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial
statements represent the underlying transactions and events in a manner that achieves fair presentation.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and
significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
Other Matter
The financial statements of the Company for the year ended 31 March 2020 were audited by the predecessor auditor, TR Chadha & Co LLP
(Chartered Accountants), who have expressed an unmodified opinion on those financial statements vide their audit report dated 29 October
2020.
Report on Other Legal and Regulatory Requirements
Based on our audit, we report that the provisions of section 197 read with Schedule V to the Act are not applicable to the Company since the
Company is not a public company as defined under section 2(71) of the Act. Accordingly, reporting under section 197(16) is not applicable.

48. 48
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
As required by the Companies (Auditor’s Report) Order, 2016 (‘the Order’) issued by the Central Government of India in terms of section
143(11) of the Act, we give in the Annexure A a statement on the matters specified in paragraphs 3 and 4 of the Order.
Further to our comments in Annexure A, as required by section 143(3) of the Act, based on our audit, we report, to the extent applicable, that:
we have sought and obtained all the information and explanations which to the best of our knowledge and belief were necessary for the
purpose of our audit of the accompanying financial statements;
in our opinion, proper books of account as required by law have been kept by the Company so far as it appears from our examination of those
books;
the financial statements dealt with by this report are in agreement with the books of account;
in our opinion, the aforesaid financial statements comply with Ind AS specified under section 133 of the Act;
on the basis of the written representations received from the directors and taken on record by the Board of Directors, none of the directors is
disqualified as on 31 March 2021 from being appointed as a director in terms of section 164(2) of the Act;
we have also audited the internal financial controls with reference to financial statements of the Company as on 31 March 2021 in
conjunction with our audit of the financial statements of the Company for the year ended on that date and our report dated 30 October 2021
as per Annexure B expressed an unmodified opinion; and
with respect to the other matters to be included in the Auditor’s Report in accordance with rule 11 of the Companies (Audit and Auditors)
Rules, 2014 (as amended), in our opinion and to the best of our information and according to the explanations given to us:
the Company, as detailed in note 39 and 47 to the financial statements, has disclosed the impact of pending litigations on its financial position
as at 31 March 2021;
the Company did not have any long-term contracts including derivative contracts for which there were any material foreseeable losses as at
31 March 2021;
there were no amounts which were required to be transferred to the Investor Education and Protection Fund by the Company during the year
ended 31 March 2021; and
the disclosure requirements relating to holdings as well as dealings in specified bank notes were applicable for the period from 8 November
2016 to 30 December 2016, which are not relevant to these financial statements. Hence, reporting under this clause is not applicable.
For Walker Chandiok & Co LLP
Chartered Accountants
Firm’s Registration No.: 001076N/N500013
Rohit Arora
Partner
Membership No.: 504774
UDIN: 21504774AAAAJS5762
Place: Noida
Date: 30 October 2021
For KG Somani & Co. LLP
Chartered Accountants
Firm’s Registration No.: 006591N/N500377
Varun Sharma
Partner
Membership No.: 512916
UDIN: 21512916AAAAAV7843
Place: Noida
Date: 30 October 2021
Annexure A
Based on the audit procedures performed for the purpose of reporting a true and fair view on the financial statements of the Company and
taking into consideration the information and explanations given to us and the books of account and other records examined by us in the
normal course of audit, and to the best of our knowledge and belief, we report that:

49. 49
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
(i) (a) The Company has maintained proper records showing full particulars, including quantitative details and situation of property, plant and
equipment.
(b) The property, plant and equipment have been physically verified by the management during the year by engaging the outside expert and
no material discrepancies were noticed on such verification. In our opinion, the frequency of verification of the property, plant and equipment
is reasonable having regard to the size of the Company and the nature of its assets.
(c) The Company does not hold any immovable property (in the nature of ‘property, plant and equipment’). Accordingly, the provisions of
clause 3(i)(c) of the Order are not applicable.
(ii) In our opinion, the management has conducted physical verification of inventory at reasonable intervals during the year and no material
discrepancies between physical inventory and book records were noticed on physical verification.
(iii) The Company has granted unsecured loans to companies covered in the register maintained under Section 189 of the Act; and with
respect to the same:
in our opinion the terms and conditions of grant of such loans are not, prima facie, prejudicial to the Company’s interest;
the schedule of repayment of principal and payment of interest has been stipulated wherein the principal amounts are repayable and interest is
payable on demand and since the repayment of such loans and interest has not been demanded, in our opinion, repayment of the principal and
payment of interest amount is regular;
there is no overdue amount in respect of loans granted to such companies.
(iv) In our opinion, the Company has complied with the provisions of Sections 185 and 186 of the Act in respect of loans and investments.
Further, in our opinion, the Company has not entered into any transaction covered under Section 185 and Section 186 of the Act in respect of
guarantees and security.
(v) In our opinion, the Company has not accepted any deposits within the meaning of Sections 73 to 76 of the Act and the Companies
(Acceptance of Deposits) Rules, 2014 (as amended). Accordingly, the provisions of clause 3(v) of the Order are not applicable.
(vi) The Central Government has not specified maintenance of cost records under sub-section (1) of Section 148 of the Act, in respect of
Company’s products/services. Accordingly, the provisions of clause 3(vi) of the Order are not applicable.
(vii) (a) Undisputed statutory dues including provident fund, employees’ state insurance, income-tax, sales-tax, service tax, duty of customs,
duty of excise, value added tax, cess and other material statutory dues, as applicable, have generally been regularly deposited to the
appropriate authorities, though there has been a slight delay in a few cases. Further, no undisputed amounts payable in respect thereof were
outstanding at the year-end for a period of more than six months from the date they became payable.
(b) The dues outstanding in respect of income-tax, sales-tax, service-tax, duty of customs, duty of excise and value added tax on account of
any dispute, are as follows:
Statement of Disputed Dues
Name of the
statute
Nature of
dues
Amount ( INR
in Lakhs)
Amount paid
under Protest (INR
in Lakhs)
Period to which the
amount relates
Forum where dispute is pending
Finance Act,
1994
Service
tax
31.64 -
October 2010 to June
2012
The Customs Excise and Service Tax Appellate
Tribunal (‘CESTAT’), Mumbai
Finance Act,
1994
Service
tax
21.19 -
FY 2013-14 and
2014-15
Commissioner of Service Tax, Mumbai
Finance Act,
1994
Service
tax
110.99 -
FY 2012-13, FY
2014-15
Commissioner of Service Tax, Mumbai
Finance Act,Service FY 2016-17, FY

50. 50
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
1994 tax 58.82 - 2017-18 Commissioner of Service Tax, Mumbai
Finance Act,
1994
Service
tax
350.29 - FY 2015-16 Commissioner of Service Tax, Mumbai
Finance
Act,1994
Service
tax
287.12 37.14
October 2007 to
March 2012
Commissioner of Service Tax, Mumbai
Finance Act,
1994
Service
tax
32.17 - FY 2012-13 Commissioner of Service Tax, Mumbai
Finance Act,
1994
Service
tax
47.88 - FY 2014-15 Commissioner of Service Tax, Mumbai
Finance Act,
1994
Service
tax
16.24 -
October 2015 to
March 2016
Commissioner of Service Tax, Mumbai
Finance Act,
1994
Service
tax
23.66 - FY 2013-14 Commissioner of Service Tax, Mumbai
Finance Act,
1994
Service
tax
88.18 - FY 2016-17 Commissioner of Service Tax, Mumbai
(viii) The Company has no loans or borrowings payable to a financial institution or a bank or government and no dues payable to
debenture-holders during the year. Accordingly, the provisions of clause 3(viii) of the Order are not applicable.
(ix) The Company did not raise moneys by way of initial public offer or further public offer (including debt instruments) and did not have
any term loans outstanding during the year. Accordingly, the provisions of clause 3(ix) of the Order are not applicable.
(x) No fraud by the Company or on the Company by its officers or employees has been noticed or reported during the period covered by our
audit.
(xi) The provisions of Section 197 of the Act read with Schedule V to the Act are not applicable to the Company since the Company is not a
public company as defined under Section 2(71) of the Act. Accordingly, provisions of clause 3(xi) of the Order are not applicable.
(xii) In our opinion, the Company is not a Nidhi Company. Accordingly, provisions of clause 3(xii) of the Order are not applicable.
(xiii) In our opinion, all transactions with the related parties are in compliance with Section 188 of the Act, where applicable, and the
requisite details have been disclosed in the financial statements, as required by the applicable Ind AS. Further, in our opinion, the company is
not required to constitute audit committee under Section 177 of the Act.
(xiv) During the year, the Company has not made any preferential allotment or private placement of shares or fully or partly convertible
debentures
(xv) In our opinion, the Company has not entered into any non-cash transactions with the directors or persons connected with them covered
under Section 192 of the Act.
(xvi) The Company is not required to be registered under Section 45-IA of the Reserve Bank of India Act, 1934.
For Walker Chandiok & Co LLP
Chartered Accountants
Firm’s Registration No.: 001076N/N500013
Rohit Arora
Partner
Membership No.: 504774
UDIN: 21504774AAAAJS5762
For KG Somani & Co. LLP
Chartered Accountants
Firm’s Registration No.: 006591N/N500377
Varun Sharma
Partner
Membership No.: 512916
UDIN: 21512916AAAAAV7843

51. 51
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Place: Noida
Date: 30 October 2021
Place: Noida
Date: 30 October 2021
Annexure B to the Independent Auditor’s Report of even date to the members of Ebix Payment Services Private Limited on the financial
statements for the year ended 31 March 2021
Annexure B
Independent Auditor’s Report on the internal financial controls with reference to the financial statements under Clause (i) of Sub-section 3 of
Section 143 of the Companies Act, 2013 (‘the Act’)
In conjunction with our audit of the financial statements of Ebix Payment Services Private Limited (‘the Company’) as at and for the year
ended 31 March 2021, we have audited the internal financial controls with reference to financial statements of the Company as at that date.
Responsibilities of Management for Internal Financial Controls
The Company’s Board of Directors is responsible for establishing and maintaining internal financial controls based on the internal financial
controls with reference to financial statements criteria established by the Company considering the essential components of internal control
stated in the Guidance Note on Audit of Internal Financial Controls over Financial Reporting (‘Guidance Note’) issued by the Institute of
Chartered Accountants of India (‘ICAI’). These responsibilities include the design, implementation and maintenance of adequate internal
financial controls that were operating effectively for ensuring the orderly and efficient conduct of the Company’s business, including
adherence to the Company’s policies, the safeguarding of its assets, the prevention and detection of frauds and errors, the accuracy and
completeness of the accounting records, and the timely preparation of reliable financial information, as required under the Act.
Auditor’s Responsibility for the Audit of the Internal Financial Controls with Reference to Financial Statements
Our responsibility is to express an opinion on the Company's internal financial controls with reference to financial statements based on our
audit. We conducted our audit in accordance with the Standards on Auditing issued by the ICAI prescribed under Section 143(10) of the Act,
to the extent applicable to an audit of internal financial controls with reference to financial statements, and the Guidance Note issued by the
ICAI. Those Standards and the Guidance Note require that we comply with ethical requirements and plan and perform the audit to obtain
reasonable assurance about whether adequate internal financial controls with reference to financial statements were established and
maintained and if such controls operated effectively in all material respects.
Our audit involves performing procedures to obtain audit evidence about the adequacy of the internal financial controls with reference to
financial statements and their operating effectiveness. Our audit of internal financial controls with reference to financial statements includes
obtaining an understanding of such internal financial controls, assessing the risk that a material weakness exists, and testing and evaluating
the design and operating effectiveness of internal control based on the assessed risk. The procedures selected depend on the auditor’s
judgement, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion on the Company’s
internal financial controls with reference to financial statements.
Meaning of Internal Financial Controls with Reference to Financial Statements
A company's internal financial controls with reference to financial statements is a process designed to provide reasonable assurance regarding
the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted
accounting principles. A company's internal financial controls with reference to financial statements include those policies and procedures
that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the
assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial
statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made
only in accordance with authorisations of management and directors of the company; and (3) provide reasonable assurance regarding
prevention or timely detection of unauthorised acquisition, use, or disposition of the company's assets that could have a material effect on the
financial statements.
Inherent Limitations of Internal Financial Controls with Reference to Financial Statements
Because of the inherent limitations of internal financial controls with reference to financial statements, including the possibility of collusion
or improper management override of controls, material misstatements due to error or fraud may occur and not be detected. Also, projections

52. 52
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
of any evaluation of the internal financial controls with reference to financial statements to future periods are subject to the risk that the
internal financial controls with reference to financial statements may become inadequate because of changes in conditions, or that the degree
of compliance with the policies or procedures may deteriorate.
Opinion
In our opinion, the Company has, in all material respects, adequate internal financial controls with reference to financial statements and such
controls were operating effectively as at 31 March 2021, based on the internal financial controls with reference to financial statements criteria
established by the Company considering the essential components of internal control stated in the Guidance Note issued by the ICAI.
For Walker Chandiok & Co LLP
Chartered Accountants
Firm’s Registration No.: 001076N/N500013
Rohit Arora
Partner
Membership No.: 504774
UDIN: 21504774AAAAJS5762
Place: Noida
Date: 30 October 2021
For KG Somani & Co. LLP
Chartered Accountants
Firm’s Registration No.: 006591N/N500377
Varun Sharma
Partner
Membership No.: 512916
UDIN: 21512916AAAAAV7843
Place: Noida
Date: 30 October 2021
[700700] Disclosures - Secretarial audit report
Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2020
to
31/03/2021
Disclosure in secretarial audit report explanatory [TextBlock]
   Whether secretarial audit report is applicable on company No

53. 53
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
[110000] Balance sheet
Unless otherwise specified, all monetary values are in Lakhs of INR
31/03/2021 31/03/2020 31/03/2019
Balance sheet [Abstract]
   Assets [Abstract]
      Non-current assets [Abstract]
         Property, plant and equipment
(A)   387.82 (B)   409.57
10.91
         Capital work-in-progress 0 0.21 0
         Other intangible assets 225.82 455.01 18.07
         Intangible assets under development 65.03 0 670.03
         Non-current financial assets [Abstract]
            Non-current investments 20.14 20.14
(C)   25.14
            Loans, non-current 86.81 101.33 113.95
            Other non-current financial assets 155.52 70.51 89.92
            Total non-current financial assets 262.47 191.98 229.01
         Deferred tax assets (net) 692.08 940.92 861.22
         Other non-current assets 451.47 1,458.29 899.87
         Total non-current assets 2,084.69 3,455.98 2,689.11
      Current assets [Abstract]
         Inventories 25.85 713 376.62
         Current financial assets [Abstract]
            Current investments 0 0 0
            Trade receivables, current 2,162.04 1,178.01 2,397.97
            Cash and cash equivalents 3,129.09 1,578.43 10,622.83
            Bank balance other than cash and cash equivalents 1,620.64 1,555.84 1,479
            Loans, current 830 3,580 0
            Other current financial assets
(D)   7,404.09(E)   5,066.28(F)   1,199.43
            Total current financial assets 15,145.86 12,958.56 15,699.23
         Other current assets 7,081.85 1,793.93 2,168.83
         Total current assets 22,253.56 15,465.49 18,244.68
      Total assets 24,338.25 18,921.47 20,933.79
   Equity and liabilities [Abstract]
      Equity [Abstract]
         Equity attributable to owners of parent [Abstract]
            Equity share capital 1,687.7137 1,687.7137 1,687.7137
            Other equity 9,878.03 9,131.7 9,490.91
            Total equity attributable to owners of parent 11,565.74 10,819.41 11,178.62
         Non controlling interest 0 0 0
         Total equity 11,565.74 10,819.41 11,178.62
      Liabilities [Abstract]
         Non-current liabilities [Abstract]
            Non-current financial liabilities [Abstract]
               Borrowings, non-current 0 0 0
               Other non-current financial liabilities 147.85 240.38 9.78
               Total non-current financial liabilities 147.85 240.38 9.78
            Provisions, non-current 106.64 88.21 76.78
            Total non-current liabilities 254.49 328.59 86.56
         Current liabilities [Abstract]
            Current financial liabilities [Abstract]
               Borrowings, current 0 0 0
               Trade payables, current
(G)   559.43 (H)   903.97 (I)   685.7
               Other current financial liabilities
(J)   1,019.62(K)   1,025.59(L)   2,928.48
               Total current financial liabilities 1,579.05 1,929.56 3,614.18
            Other current liabilities 10,935.53 5,840.76 6,051.58
            Provisions, current 3.44 3.15 2.85
            Total current liabilities 12,518.02 7,773.47 9,668.61
         Total liabilities 12,772.51 8,102.06 9,755.17
      Total equity and liabilities 24,338.25 18,921.47 20,933.79

54. 54
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Footnotes
(A)Property, plant and equipment 179.17 Right-of-use assets 208.65
(B)Property, plant and equipment 110.06 Right-of-use assets 299.51
(C)Investments in subsidiary 5.00 Investments 20.14
(D)*Movement in contract assets during the year Balance at the beginning of the year 223.74 Revenue recognised during the year
775.66 Invoices raised during the year (223.74) Balance at the end of the year 775.66
(E)*Movement in contract assets during the year Balance at the beginning of the year 327.33 Revenue recognised during the year
223.74 Invoices raised during the year (327.33) Balance at the end of the year 223.74
(F)*Movement in contract assets during the year Balance at the beginning of the year 89.17 Revenue recognised during the year
327.33 Invoices raised during the year (89.17) Balance at the end of the year 327.33
(G)Total outstanding dues of creditors other than micro enterprises and small enterprises
(H)Total outstanding dues of creditors other than micro enterprises and small enterprises
(I)Total outstanding dues of creditors other than micro enterprises and small enterprises
(J)Lease liabilities 91.57 Other financial liabilities 928.05
(K)Lease liabilities 75.33 Other financial liabilities 950.26
(L)Other financial liabilities 2,928.48
[210000] Statement of profit and loss
Earnings per share [Table] ..(1)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of equity share capital [Axis] Equity shares 1 [Member]
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
Statement of profit and loss [Abstract]
   Earnings per share explanatory [TextBlock]
      Earnings per share [Abstract]
         Earnings per share [Line items]
            Basic earnings per share [Abstract]
               Basic earnings (loss) per share from continuing operations [INR/shares] 4.42[INR/shares] -2.12
               Total basic earnings (loss) per share [INR/shares] 4.42[INR/shares] -2.12
            Diluted earnings per share [Abstract]
               Diluted earnings (loss) per share from continuing operations [INR/shares] 4.42[INR/shares] -2.12
               Total diluted earnings (loss) per share [INR/shares] 4.42[INR/shares] -2.12

55. 55
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
Statement of profit and loss [Abstract]
   Income [Abstract]
      Revenue from operations 3,16,023.5 36,260.8
      Other income 564.4 705.24
      Total income 3,16,587.9 36,966.04
   Expenses [Abstract]
      Cost of materials consumed 0 0
      Purchases of stock-in-trade
(A)   3,06,741.11(B)   28,758.37
      Changes in inventories of finished goods, work-in-progress and
      stock-in-trade
687.15 -336.38
      Employee benefit expense 559.54 1,236.91
      Finance costs 59.7 66.24
      Depreciation, depletion and amortisation expense 374.43 348.58
      Other expenses 7,171.24 7,328.47
      Total expenses 3,15,593.17 37,402.19
   Profit before exceptional items and tax 994.73 -436.15
   Total profit before tax 994.73 -436.15
   Tax expense [Abstract]
      Deferred tax 249.07 -78.7
      Total tax expense 249.07 -78.7
   Total profit (loss) for period from continuing operations 745.66 -357.45
   Total profit (loss) for period 745.66 -357.45
   Comprehensive income OCI components presented net of tax [Abstract]
      Whether company has other comprehensive income OCI components
      presented net of tax
No No
      Other comprehensive income net of tax [Abstract]
         Components of other comprehensive income that will not be
         reclassified to profit or loss, net of tax [Abstract]
            Other comprehensive income, net of tax, gains (losses) on
            remeasurements of defined benefit plans
0.9 -2.76
         Other comprehensive income that will not be reclassified to
         profit or loss, net of tax, others
-0.23 1
         Total other comprehensive income that will not be reclassified
         to profit or loss, net of tax
0.67 -1.76
         Total other comprehensive income 0.67 -1.76
      Total comprehensive income 746.33 -359.21
   Comprehensive income OCI components presented before tax [Abstract]
      Whether company has comprehensive income OCI components presented
      before tax
No No
      Other comprehensive income before tax [Abstract]
         Components of other comprehensive income that will not be
         reclassified to profit or loss, before tax [Abstract]
            Other comprehensive income, before tax, gains (losses) on
            remeasurements of defined benefit plans
0.9 -2.76
         Other comprehensive income that will not be reclassified to
         profit or loss, before tax, others
-0.23 1
         Other comprehensive income that will not be reclassified to
         profit or loss, before tax
0.67 -1.76
         Total other comprehensive income, before tax 0.67 -1.76
         Total other comprehensive income 0.67 -1.76
      Total comprehensive income 746.33 -359.21
   Earnings per share explanatory [TextBlock]
      Earnings per share [Abstract]
         Earnings per share [Line items]
            Basic earnings per share [Abstract]
               Basic earnings (loss) per share from continuing operations
               Total basic earnings (loss) per share
            Diluted earnings per share [Abstract]
               Diluted earnings (loss) per share from continuing operations
               Total diluted earnings (loss) per share
Footnotes
(A)Purchase of prepaid gift vouchers/cards 3,06,645.30 Purchase of POS machines 95.81
(B)Purchase of prepaid gift vouchers/cards 28,555.93 Purchase of POS machines 202.44

56. 56
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
[210000a] Statement of profit and loss
Other comprehensive income that will not be reclassified to profit or loss, net of tax, others [Table] ..(1)
Unless otherwise specified, all monetary values are in Lakhs of INR
Other comprehensive income that will not be reclassified to profit or loss, net of tax, others [Axis] 1
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
Other comprehensive income that will not be reclassified to profit or loss, net of tax,
others [Abstract]
   Other comprehensive income that will not be reclassified to profit or loss, net of tax,
   others [Line items]
      Description of other comprehensive income that will not be reclassified to profit
      or loss, net of tax, others
Income tax effectIncome tax effect
      Other comprehensive income that will not be reclassified to profit or loss, net of tax,
      others
-0.23 1
Other comprehensive income that will not be reclassified to profit or loss, before tax, others [Table] ..(1)
Unless otherwise specified, all monetary values are in Lakhs of INR
Other comprehensive income that will not be reclassified to profit or loss, before tax, others [Axis] 1
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
Other comprehensive income that will not be reclassified to profit or loss, before tax,
others [Abstract]
   Other comprehensive income that will not be reclassified to profit or loss, before tax,
   others [Line items]
      Description of other comprehensive income that will not be reclassified to profit
      or loss, before tax, others
Income tax effectIncome tax effect
      Other comprehensive income that will not be reclassified to profit or loss, before tax,
      others
-0.23 1
[400200] Statement of changes in equity
Statement of changes in equity [Table] ..(1)
Unless otherwise specified, all monetary values are in Lakhs of INR
Components of equity [Axis] Equity [Member]
Equity attributable
to the equity
holders of the
parent [Member]
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
31/03/2019
01/04/2020
to
31/03/2021
Disclosure of notes on changes in equity [TextBlock]
   Other equity [Abstract]
      Statement of changes in equity [Line items]
         Equity [Abstract]
         Changes in equity [Abstract]
            Comprehensive income [Abstract]
               Profit (loss) for period 745.66 -357.45 745.66
               Total comprehensive income 745.66 -357.45 -192.42 745.66
            Other changes in equity [Abstract]
               Other additions to reserves 0.67 -1.76 -21.72 0.67
               Total other changes in equity 0.67 -1.76 -21.72 0.67
            Total increase (decrease) in equity 746.33 -359.21 -214.14 746.33
         Other equity at end of period 9,878.03 9,131.7 9,490.91 9,878.03

57. 57
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Statement of changes in equity [Table] ..(2)
Unless otherwise specified, all monetary values are in Lakhs of INR
Components of equity [Axis]
Equity attributable to the equity
holders of the parent [Member]
Reserves [Member]
01/04/2019
to
31/03/2020
31/03/2019
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
Disclosure of notes on changes in equity [TextBlock]
   Other equity [Abstract]
      Statement of changes in equity [Line items]
         Equity [Abstract]
         Changes in equity [Abstract]
            Comprehensive income [Abstract]
               Profit (loss) for period -357.45 -192.42 745.66 -357.45
               Total comprehensive income -357.45 -192.42 745.66 -357.45
            Other changes in equity [Abstract]
               Other additions to reserves -1.76 -21.72 0.67 -1.76
               Total other changes in equity -1.76 -21.72 0.67 -1.76
            Total increase (decrease) in equity -359.21 -214.14 746.33 -359.21
         Other equity at end of period 9,131.7 9,490.91 9,878.03 9,131.7
Statement of changes in equity [Table] ..(3)
Unless otherwise specified, all monetary values are in Lakhs of INR
Components of equity [Axis]
Reserves
[Member]
Securities premium reserve [Member]
31/03/2019
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
31/03/2019
Disclosure of notes on changes in equity [TextBlock]
   Other equity [Abstract]
      Statement of changes in equity [Line items]
         Equity [Abstract]
         Changes in equity [Abstract]
            Comprehensive income [Abstract]
               Profit (loss) for period -192.42 0 0 0
               Total comprehensive income -192.42 0 0 0
            Other changes in equity [Abstract]
               Other additions to reserves -21.72 0 0 0
               Total other changes in equity -21.72 0 0 0
            Total increase (decrease) in equity -214.14 0 0 0
         Other equity at end of period 9,490.91 23,508.67 23,508.67 23,508.67
Statement of changes in equity [Table] ..(4)
Unless otherwise specified, all monetary values are in Lakhs of INR
Components of equity [Axis] Retained earnings [Member]
Other retained
earning [Member]
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
31/03/2019
01/04/2020
to
31/03/2021
Disclosure of notes on changes in equity [TextBlock]
   Other equity [Abstract]
      Statement of changes in equity [Line items]
         Equity [Abstract]
         Changes in equity [Abstract]
            Comprehensive income [Abstract]
               Profit (loss) for period 745.66 -357.45 -192.42 745.66
               Total comprehensive income 745.66 -357.45 -192.42 745.66
            Other changes in equity [Abstract]
               Other additions to reserves 0.67 -1.76 -21.72 (A)   0.67
               Total other changes in equity 0.67 -1.76 -21.72 0.67
            Total increase (decrease) in equity 746.33 -359.21 -214.14 746.33
         Other equity at end of period -13,630.64 -14,376.97 -14,017.76 -13,630.64
(A)Other comprehensive income for the year

58. 58
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Statement of changes in equity [Table] ..(5)
Unless otherwise specified, all monetary values are in Lakhs of INR
Components of equity [Axis] Other retained earning [Member]
01/04/2019
to
31/03/2020
31/03/2019
Disclosure of notes on changes in equity [TextBlock]
   Other equity [Abstract]
      Statement of changes in equity [Line items]
         Equity [Abstract]
         Changes in equity [Abstract]
            Comprehensive income [Abstract]
               Profit (loss) for period -357.45 -192.42
               Total comprehensive income -357.45 -192.42
            Other changes in equity [Abstract]
               Other additions to reserves (A)   -1.76 (B)   -21.72
               Total other changes in equity -1.76 -21.72
            Total increase (decrease) in equity -359.21 -214.14
         Other equity at end of period -14,376.97 -14,017.76
(A)Other comprehensive income for the year
(B)Other comprehensive income for the year

59. 59
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
[320000] Cash flow statement, indirect
Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
31/03/2019
Statement of cash flows [Abstract]
   Whether cash flow statement is applicable on company Yes Yes
   Cash flows from used in operating activities [Abstract]
      Profit before tax 994.73 -436.15
      Adjustments for reconcile profit (loss) [Abstract]
         Adjustments for finance costs 59.7 66.24
         Adjustments for decrease (increase) in inventories 687.15 -336.38
         Adjustments for decrease (increase) in trade receivables, current -984.03 1,219.96
         Adjustments for decrease (increase) in other current assets -5,334.37 264.98
         Adjustments for other financial assets, current -2,284.16 -3,804.14
         Adjustments for increase (decrease) in trade payables, current -344.54 218.27
         Adjustments for increase (decrease) in other current liabilities 5,278.78 220.52
         Adjustments for increase (decrease) in other non-current liabilities 14.52 12.62
         Adjustments for depreciation and amortisation expense 374.43 348.58
         Adjustments for provisions, current 19.62 37.84
         Adjustments for other financial liabilities, current -19.12 -1,978.72
         Adjustments for interest income 219.18 225.36
         Other adjustments to reconcile profit (loss)
(A)   -137.56(B)   -345.23
         Total adjustments for reconcile profit (loss) -2,888.76 -4,300.82
      Net cash flows from (used in) operations -1,894.03 -4,736.97
      Income taxes paid (refund) -1,006.82 558.49
      Net cash flows from (used in) operating activities -887.21 -5,295.46
   Cash flows from used in investing activities [Abstract]
      Purchase of property, plant and equipment 188.52 122.34
      Interest received 100.48 70.54
      Other inflows (outflows) of cash
(C)   -85 (D)   19.4
      Net cash flows from (used in) investing activities -173.04 -32.4
   Cash flows from used in financing activities [Abstract]
      Proceeds from borrowings
(E)   2,750(F)   -3,580
      Interest paid
(G)   40.21(H)   36.41
      Other inflows (outflows) of cash
(I)   -98.88(J)   -100.13
      Net cash flows from (used in) financing activities 2,610.91 -3,716.54
   Net increase (decrease) in cash and cash equivalents before effect of
   exchange rate changes
1,550.66 -9,044.4
   Net increase (decrease) in cash and cash equivalents 1,550.66 -9,044.4
   Cash and cash equivalents cash flow statement at end of period 3,129.09 1,578.43 10,622.83
Footnotes
(A)Liabilities no longer required written back (184.01) Bad debts and advances written off 46.45
(B)Provision for impairment of investment in subsidiary 5.00 Liabilities no longer required written back (431.34) Bad debts and
advances written off 109.99 Excess Provisions written back (28.87)
(C)Amount (invested)/withdrawn from the banks deposits accounts
(D)Amount (invested)/withdrawn from the banks deposits accounts
(E)Proceeds/(Repayment) of intercorporate deposits (net)
(F)Proceeds/(Repayment) of intercorporate deposits (net)
(G)Finance cost paid
(H)Finance cost paid
(I)Lease liability paid
(J)Lease liability paid

60. 60
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
[610100] Notes - List of accounting policies
Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2020
to
31/03/2021
Disclosure of significant accounting policies [TextBlock]
Textual information (31)
[See below]
   Description of accounting policy for contingent liabilities and
   contingent assets [TextBlock]
Textual information (32)
[See below]
   Description of accounting policy for earnings per share [TextBlock]
Textual information (33)
[See below]
   Description of accounting policy for employee benefits [TextBlock]
Textual information (34)
[See below]
   Description of accounting policy for financial instruments [TextBlock]
Textual information (35)
[See below]
   Description of accounting policy for foreign currency translation
   [TextBlock]
Textual information (36)
[See below]
   Description of accounting policy for functional currency [TextBlock]
T h e s e f i n a n c i a l
statements are presented
in Indian National Rupee
( ‘ I N R ’ w h i c h i s t h e
Company’s functional
currency.
   Description of accounting policy for impairment of non-financial assets
   [TextBlock]
Textual information (37)
[See below]
   Description of accounting policy for income tax [TextBlock]
Textual information (38)
[See below]
   Description of accounting policy for leases [TextBlock]
Textual information (39)
[See below]
   Description of accounting policy for recognition of revenue [TextBlock]
Textual information (40)
[See below]
   Description of accounting policy for segment reporting [TextBlock]
Textual information (41)
[See below]

61. 61
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Textual information (31)
Disclosure of significant accounting policies [Text Block]
Ebix Payment Services Private Limited
Summary of significant accounting policies and other explanatory information for the year ended March 31, 2021
Background of the Company
Ebix Payment Services Private Limited (the ‘Company’) is a private company incorporated under the provisions of Indian Companies Act
having its registered office at 2nd floor, Manek plaza, kalina CST road, Kolekalyan, Santacruz (E) Mumbai City MH 400098 Maharashtra,
India. The Company is engaged in the business of providing payment solutions to customers through prepaid payment instruments say,
general purpose reloadable cards, gift cards etc. and facilitating distribution of gift and prepaid cards. The Company also facilitates utility and
other bill payment, and domestic money transfer services.
Significant accounting policies
Statement of compliance
These financial statements have been prepared in accordance with the accounting principles generally accepted in India including Indian
Accounting Standards (‘Ind AS’) specified under section 133 of the Companies Act, 2013 (the ‘Act’).
These financial statements were authorised for issue by the Company’s Board of Directors on October 30, 2021.
Basis of preparation
The financial statements have been prepared on the historical cost basis, except for certain financial instruments that are measured at fair
values at the end of each reporting period.
Functional and presentation currency
These financial statements are presented in Indian National Rupee (‘INR’ which is the Company’s functional currency.
Current and non-current classification
All assets and liabilities have been classified as current or non-current as per the Company’s operating cycle and other criteria set out in the
Schedule III (Division II) to the Act. Based on the nature of services and the time between the rendering of services and their realisation, the
Company has ascertained its operating cycle as twelve months for the purpose of current and non-current classification of assets and
liabilities.
An asset is classified as current when it is: a) Expected to be realised or intended to be sold or consumed in normal operating cycle, b) Held
primarily for the purpose of trading, c) Expected to be realised within twelve months after the reporting period, or d) Cash or cash equivalent
unless restricted from being exchanged or used to settle a liability for at least twelve months after the reporting period.
All other assets are classified as non-current.
A liability is classified as current when: a) It is expected to be settled in normal operating cycle, b) It is held primarily for the purpose of
trading, c) It is due to be settled within twelve months after the reporting period, or d) There is no unconditional right to defer the settlement
of the liability for at least twelve months after the reporting period.
All other liabilities are classified as non-current.
Deferred tax assets and liabilities are classified as non-current assets and liabilities.

62. 62
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Use of Judgment and estimates
The Company is required to make estimates and assumptions that affect the reported amounts of assets, liabilities, disclosures of contingent
liabilities at the date of financial statement and the reported amounts of revenue and expenses during the reporting period.
Actual result could differ from those estimates. The Company basis its estimates on historical experience and on various other assumptions
that are believed to be reasonable, the result of which form the basis for making judgements about carrying values of assets and liabilities.
Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised prospectively.
Key accounting estimates
Useful life of property, plant and equipment (‘PPE’) and other intangible assets
The useful lives and residual values of PPE and intangible assets are determined by management at the time the asset is acquired and
reviewed at the end of each reporting period. The lives are based on historical experience with similar assets as well as anticipation of future
events, which may impact their life, such as changes in technology.
Provisions and contingent liabilities
A provision is recognised when the Company has a present obligation as a result of a past event and it is probable that an outflow of
resources will be required to settle the obligation, in respect of which a reliable estimate can be made. These are reviewed at each balance
sheet date and adjusted to reflect the current best estimates. Contingent liabilities are not recognised in the financial statements. Contingent
assets are neither recognized nor disclosed in the financial statements.
Defined benefit plans
The cost of the defined benefit plans and the present value of the defined benefit obligation are based on actuarial valuation using the
projected unit credit method. An actuarial valuation involves making various assumptions that may differ from actual developments in the
future. These include the determination of the discount rate, future salary increases and mortality rates. Due to the complexities involved in
the valuation and its long-term nature, a defined benefit obligation is highly sensitive to changes in these assumptions. All assumptions are
reviewed at each reporting date.
Expected credit losses on financial assets
The expected credit loss provision of financial assets is based on assumptions about risk of default and expected timing of collection. The
Company uses judgment in making these assumptions and selecting the inputs to the iv. Expected credit losses calculation, based on the
Company’s past history, customer’s creditworthiness, existing market conditions as well as forward looking estimates at the end of each
reporting period.
Property, plant and equipment:
Recognition and measurement
Items of property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment loss (if any). Cost
directly attributable to acquisition are capitalised until the property, plant and equipment are ready for use as intended by the management.
If significant parts of an item of property, plant and equipment have different useful lives, then they are accounted for as a separate item
(major components) of property, plant and equipment.
Any gain/loss on disposal of property, plant and equipment is recognised in profit and loss account on the date of disposal or retirement.
Subsequent expenditure is capitalized only if it is probable that the future economic benefits associated with the expenditure will flow to the
company and cost of the item can be measured reliably.
Depreciation methods, estimated useful lives and residual value

63. 63
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Depreciation on PPE is calculated on Straight Line Method (‘SLM’) using the rates arrived at based on the estimated useful lives given in
Schedule II of the Companies Act, 2013 except for technical evaluation done by management’s experts for given below assets.
Assets category Useful life (in years)
Computers and peripherals 3 years
Furniture and fixtures 5 years
Office equipment 5 years
Leasehold Improvement Over the lease period
Depreciation method, useful lives and residual values are reviewed at each financial year end and changes, if any, are accounted for
prospectively.
The cost and related accumulated depreciation are eliminated from the financial statements upon sale or retirement of the asset and the
resultant gains or losses are recognised in the Statement of Profit and Loss.
Intangible assets
Intangible assets acquired separately are measured on initial recognition at historical cost. Intangibles assets having a finite useful life are
subsequently carried at cost less any accumulated amortization and accumulated impairment losses (if any). Subsequent expenditure is
capitalised only if it is probable that the future economic benefits associated with the expenditure will flow to the Company.
Amortisation method, estimated useful lives and residual value
Intangible assets with finite lives are amortised over the useful life and assessed for impairment whenever there is an indication that the
intangible asset may be impaired. The amortisation period and the amortisation method for an intangible asset with a finite useful life are
reviewed at least at the end of each reporting period.
The amortisation expense on intangible assets is recognised in the statement of profit and loss unless such expenditure forms part of carrying
value of another asset.
Gains or losses arising from de-recognition of an intangible asset are measured as the difference between the net disposal proceeds and the
carrying amount of the asset and are recognized in the statement of profit or loss when the asset is derecognised.
Assets category Useful life (in years)
Computer Softwares 3 years
Impairment of non-financial assets
The carrying amounts of the Company’s non-financial assets are reviewed at each reporting date to determine whether there is any indication
of impairment considering the provisions of Ind AS 36- ‘Impairment of Assets’. If any such indication exists, then the asset’s recoverable
amount is estimated.
The recoverable amount of an asset or cash-generating unit (‘CGU’) is the higher of its fair value less costs of disposal and its value in use. In
assessing value in use, the estimated future cash flows of asset or CGU are discounted to their present value using a pre-tax discount rate that
reflects current market assessments of the time value of money and the risks specific to the asset.
If no such transactions can be identified, an appropriate valuation model is used. These calculations are corroborated by valuation multiples,
quoted share price for publicly traded companies or other available fair valuation indicators.
For the purpose of impairment testing, assets that cannot be tested individually are grouped together into the smallest group of assets that
generate cash inflows from continuing use that are largely independent of the cash inflows of other assets or groups of assets (the

64. 64
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
‘cash-generating unit’ or ‘CGU’)
An impairment loss is recognised if the carrying amount of an asset or its CGU exceeds its estimated recoverable amount. Impairment losses
are recognized in profit or loss. Impairment losses recognised in respect of CGUs are reduced from the carrying amounts of the assets of the
CGU.
An assessment is made at each reporting date to determine whether there is an indication that previously recognised impairment losses no
longer exist or have decreased. If such indication exists, the Company estimates the asset’s or CGU’s recoverable amount. A previously
recognised impairment loss is reversed only if there has been a change in the assumptions used to determine the asset’s or CGU’s recoverable
amount since the last impairment loss was recognized.
The reversal is limited so that the carrying amount of the assets does not exceed its recoverable amount, nor exceed the carrying amount that
would have been determined, net of depreciation, had no impairment loss has been recognised for the asset in prior years. Such reversal is
recognised in the Statement of profit or loss.
Financial instruments
A financial instrument is any contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another
entity.
Financial assets
Initial recognition and measurement
The Company recognises financial assets and financial liabilities when it becomes a party to the contractual provisions of the instrument. All
financial assets and liabilities are recognised at fair value on initial recognition, except for trade receivables which are initially measured at
transaction price. Transaction costs that are directly attributable to the acquisition or issue of financial assets and financial liabilities, which
are not at fair value through profit or loss, are added to the fair value on initial recognition. Regular way purchase and sale of financial assets
are accounted for at trade rate.
Subsequent measurement
For the purpose of subsequent measurement, financial assets are classified in four categories:
Debt instruments at amortized cost
Debt instrument at fair value through Other Comprehensive Income (FVTOCI)
Debt instrument, derivatives and equity instruments at fair value through profit and loss (FVTPL)
Equity Instrument measured at fair value through Other Comprehensive Income (FVTOCI)
Debt instruments at amortized cost
A financial asset is measured at amortized cost only if both of the following conditions are met:
- it is held within a business model whose objective is to hold assets in order to collect contractual cash flows.
- the contractual terms of the financial asset represent contractual cash flows that are solely payments of principal and interest.
After initial measurement, such financial assets are subsequently measured at amortized cost using the EIR (effective interest rate) method.
Amortized cost is calculated by taking into account any discount or premium on acquisition and fees or costs that are an integral part of the
EIR. The EIR amortization is included as finance income in the profit or loss. The losses arising from impairment are recognized in the profit
or loss.
Debt instrument at fair value through Other Comprehensive Income (FVTOCI)

65. 65
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
A ‘debt instrument’ is classified as at the FVTOCI if both of the following criteria are met:
-The objective of the business model is achieved both by collecting contractual cash flows and selling the financial assets, and
-The asset’s contractual cash flows represent solely payments of principal and interest
Debt instruments included within the FVTOCI category are measured initially as well as at each reporting date at fair value. Fair value
movements are recognized in the OCI. However, the Company recognizes interest income, impairment losses & reversals and foreign
exchange gain or loss in the profit and loss. On derecognition of the asset, cumulative gain or loss previously recognized in OCI is
reclassified from the equity to profit and loss. Interest earned whilst holding FVTOCI debt instrument is reported as interest income using the
EIR method.
Debt instrument at fair value through profit and loss (FVTPL)
Any debt instrument, which does not meet the criteria for categorization as at amortized cost or as FVOCI, is classified as at FVTPL.
In addition, the Company may elect to classify a debt instrument, which otherwise meets amortized cost or FVTOCI criteria, as at FVTPL.
However, such election is allowed only if doing so reduces or eliminates a measurement or recognition inconsistency (referred to as
‘accounting mismatch’).
Debt instruments included within the FVTPL category are measured at fair value with all changes recognized in the statement of profit and
loss.
Equity Instrument measured at fair value through Other Comprehensive Income (FVTOCI)
All equity instruments in scope of Ind AS 109 are measured at fair value. Equity instruments which are held for trading are classified as at
FVTPL. For all other equity instruments, the Company may make an irrevocable election to present subsequent changes in the fair value in
OCI. The Company makes such election on an instrument-by-instrument basis. The classification is made on initial recognition and is
irrevocable.
If the Company decides to classify an equity instrument as at FVTOCI, then all fair value changes on the instrument, including foreign
exchange gain or loss and excluding dividends, are recognized in the OCI. There is no recycling of the amounts from OCI to profit or loss,
even on sale of investment. However, the Company may transfer the cumulative gain or loss within equity.
Equity instruments included within the FVTPL category are measured at fair value with all changes recognized in the profit or loss.
Derecognition of financial assets
A financial asset (or, where applicable, a part of a financial asset or part of a group of similar financial assets) is primarily derecognized (i.e.
removed from the company’s balance sheet) when:
The rights to receive cash flows from the asset have expired, or
The Company has transferred its rights to receive cash flows from the asset or has assumed an obligation to pay the received cash flows in
full without material delay to a third party under a ‘pass-through’ arrangement; and either (a) the Company has transferred substantially all
the risks and rewards of the asset, or (b) the Company has neither transferred nor retained substantially all the risks and rewards of the asset,
but has transferred control of the asset.
When the Company has transferred its rights to receive cash flows from an asset or has entered into a pass-through arrangement, it evaluates
if and to what extent it has retained the risks and rewards of ownership.
When it has neither transferred nor retained substantially all of the risks and rewards of the asset, nor transferred control of the asset, the
Company continues to recognize the transferred asset to the extent of the Company’s continuing involvement. In that case, the company also
recognizes an associated liability. The transferred asset and the associated liability are measured on a basis that reflects the rights and
obligations that the company has retained.

66. 66
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Continuing involvement that takes the form of a guarantee over the transferred asset is measured at the lower of the original carrying amount
of the asset and the maximum amount of consideration that the company could be required to repay.
On derecognition of a financial asset, the difference between the carrying amount of the asset (or the carrying amount allocated to the portion
of the asset de-recognized) and the sum of (i) the consideration received (including any new asset obtained less any new liability assumed)
and (ii) any cumulative gain or loss that had been recognized in OCI is recognized in profit or loss.
Impairment of financial assets
The Company assesses on a forward-looking basis, the expected credit losses associated with the assets carried at amortized cost and FVOCI
debt instruments. The impairment methodology applied depends on whether there has been a significant increase in credit risk since initial
recognition. If credit risk has not increased significantly, 12-month ECL is used to provide for impairment loss. However, if credit risk has
increased significantly, lifetime ECL is used. If, in a subsequent period, credit quality of the instrument improves such that there is no longer
a significant increase in credit risk since initial recognition, then the entity reverts to recognising impairment loss allowance based on
12-month ECL.
For trade receivables, the Company applies the simplified approach permitted by Ind AS 109 “Financial Instruments” which requires
expected lifetime losses to be recognized from initial recognition of trade receivables and unbilled revenue. The Company uses historical
default rates to determine impairment loss on the portfolio of trade receivables. At every reporting date, these historical default rates are
reviewed and changes in the forward-looking estimates are analyzed.
Financial liabilities
Initial recognition and measurement
Financial liabilities are classified as measured at amortised cost or FVTPL. A financial liability is classified as at FVTPL if it is classified as
held for trading, or it is a derivative or it is designated as such on initial recognition. Financial liabilities at FVTPL are measured at fair value
and net gains and losses, including any interest expense, are recognised in statement of profit and loss. Other financial liabilities are
subsequently measured at amortised cost using the effective interest method. Interest expense and foreign exchange gains and losses are
recognised in statement of profit and loss. Any gain or loss on derecognition is also recognised in statement of profit and loss.
Subsequent measurement
The measurement of financial liabilities depends on their classification, as described below:
Financial Liabilities measured at amortised cost
After initial recognition, interest-bearing loans and borrowings are subsequently measured at amortized cost using the EIR method. Gains
and losses are recognised in profit or loss when the liabilities are derecognised as well as through the EIR amortisation process.
Amortized cost is calculated by taking into account any discount or premium on acquisition and fees or costs that are an integral part of the
EIR. The EIR amortization is included as finance costs in the statement of profit and loss.
Financial liabilities at fair value through profit or loss
Financial liabilities at fair value through profit or loss include financial liabilities held for trading and financial liabilities designated upon
initial recognition as at fair value through profit or loss. Financial liabilities are classified as held for trading if they are incurred for the
purpose of repurchasing in the near term.
Derecognition of financial liabilities
A financial liability is derecognized when the obligation under the liability is discharged or cancelled or expires. When an existing financial
liability is replaced by another from the same lender on substantially different terms, or the terms of an existing liability are substantially
modified, such an exchange or modification is treated as the derecognition of the original liability and the recognition of a new liability. The
difference in the respective carrying amounts is recognized in the statement of profit and loss.
Revenue recognition

67. 67
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Revenue is measured based on the consideration specified in a contract with a customer net of variable consideration e.g. discounts, volume
rebate, any payment made to a customer (unless the payment is for a distinct good or services received from the customer) and excludes
amount collected on behalf of third parties. The Company recognises revenue when it transfers control over a product or service to a
customer. The amount of revenue recognised at an amount that reflects the consideration to which the Company expect to be entitled to in
exchange for the goods/services. Revenue is only recognized to the extent that is highly probable that a significant reversal will not occur. In
a sales transaction, where the Company acts as an agent, only the commission income or margin earned is included within the revenue. On
the other hand, in a sales transaction, where the Company acts as a principal, accordingly the consideration for the services/products sold is
recognized on gross basis with corresponding cost of goods sold being recorded as an expense. Revenue on sale of gift cards is recognized
only to the extent the Company’s performance obligation is met, which is on redemption/utilization.
Processing fees
On utilization/redemption of prepaid payment instruments, the Company receives commission which is recognised when services are
complete as per the agreed terms.
Service fee from merchants
The Company earns processing fee from merchants and recognises such revenue when services have been provided. Such service fee is
generally determined as a percentage of transaction value executed by the merchants.
Revenue from other services including registration/renewal, convenience fees is recognized when such services are completed / performed as
per the agreed terms.
Interest income
Interest income is recognised using the Effective Interest Rate (‘EIR’) method. The EIR is the rate that exactly discounts the estimated future
cash receipts through the expected life of the financial instrument or a shorter period, where appropriate to the gross carrying amount of the
financial assets or to the amortized cost of a financial liability but does not consider the expected credit loss. The EIR is computed basis the
expected cash flows by considering all the contractual terms of the financial instrument. The calculation includes all fees, transaction costs,
and all other premiums or discounts paid or received between parties to the contract that are an integral part of the effective interest rate.
Foreign currency transactions
Foreign currency transactions are recorded at the exchange rate prevailing on the date of the transaction. Monetary items denominated in
foreign currencies outstanding at the year-end are translated at exchange rates applicable on year end date. Non-monetary items denominated
in foreign currency, are valued at the exchange rate prevailing on the date of transaction and carried at cost. Any gains or losses arising due to
exchange differences arising on translation or settlement are accounted for in the Statement of Profit and Loss.
Employee benefits
Short term employee benefits
Liabilities for salaries, including other monetary and non-monetary benefits that are expected to be settled wholly within 12 months after the
end of the period in which the employees render the related service are recognised in respect of employees’ services up to the end of the
reporting period and are measured at the amounts expected to be paid when the liabilities are settled. The liabilities are presented as current
employee benefit payable under other financial liabilities.
Defined contribution plans
Obligations for contributions to defined contribution plans (Contribution to Provident Fund) are recognized in Statement of profit and loss,
when the employee rendered related service. The Company has no further obligations under these plans beyond its periodic contributions.
Defined benefit plans
The Company’s net obligation in respect of defined benefit plan is calculated by estimating the amount of future benefit that employees have
earned in the current and prior periods, discounting that amount and deducting the fair value of any plan assets. The calculation of defined
benefit obligations is performed annually by a qualified actuary using the projected unit credit method. When the calculation results in a
potential asset for the Company, the recognised asset is limited to the present value of economic benefits available in the form of any future
refunds from the plan or reductions in future contributions to the plan. Re-measurement of the net defined benefit liability, which comprise
actuarial gains and losses, the return on plan assets (excluding interest) and the effect of the asset ceiling (if any, excluding interest), are

68. 68
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
recognized immediately in Other Comprehensive Income. Re-measurement are not reclassified to profit or loss in the subsequent periods. Net
interest expense (income) on the net defined liability (assets) is computed by applying the discount rate, used to measure the net defined
liability (asset), to the net defined liability (asset) at the start of the financial year after taking into account any changes as a result of
contribution and benefit payments during the year. Net interest expense and other expenses related to defined benefit plans are recognised in

69. 69
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
profit or loss. When the benefits of a plan are changed or when a plan is curtailed, the resulting change in benefit that relates to past service
or the gain or loss on curtailment is recognised immediately in profit or loss. The Company recognizes gains and losses on the settlement of a
defined benefit plan when the settlement occurs.
d. Other long-term employee benefits
The Company’s net obligation in respect of long-term employee benefits other than post-employment benefits is the amount of future benefit
that employees have earned in return for their service in the current and prior periods; that benefit is discounted to determine its present
value. The obligation is measured on the basis of an annual independent actuarial valuation using the projected unit credit method.
Remeasurements gains or losses are recognised in statement of profit or loss in the period in which they arise. Expenses related to other
long-term employee benefits are recognised in statement of profit or loss under ‘Employee benefits expense’.
Long-term compensated absences: Long-term compensated absences are provided for on the basis of its actuarial valuation as per the
projected unit credit method as on the Balance Sheet date.
Income tax
Income tax expense comprises current and deferred tax. It is recognised in statement of profit and loss except to the extent that it relates to
items recognised directly in equity or in other comprehensive income.
a. Current tax
The current income tax charge is calculated based on the tax laws enacted or substantively enacted at the end of the reporting period in India,
where the Company operate and generate taxable income. The Company creates provisions where appropriate on the basis of amounts
expected to be paid to the tax authorities.
Current tax assets and current tax liabilities are offset only if there is a legally enforceable right to set off the recognised amounts, and it is
intended to realise the asset and settle the liability on a net basis or simultaneously.
b. Deferred tax
Deferred tax is provided in full, using the liability method, on temporary differences arising between the tax bases of assets and liabilities and
their carrying amounts in the financial statements. Deferred income tax is determined using tax rates (and laws) that have been enacted or
substantially enacted by the end of the reporting period and are expected to apply when the related deferred income tax asset is realised or the
deferred income tax liability is settled. Deferred tax assets are recognised for all deductible temporary differences only if it is probable that
future taxable amounts will be available to utilise those temporary differences and losses.
Deferred tax assets and liabilities are offset when there is a legally enforceable right to offset current tax assets and liabilities and when the
deferred tax balances relate to the same taxation authority.
Current and deferred tax is recognised in Statement of Profit and Loss, except to the extent that it relates to items recognised in other
comprehensive income or directly in equity. In this case, the tax is also recognised in other comprehensive income or directly in equity,
respectively.
Deferred tax assets are recognised to the extent that it is probable that future taxable profits will be available against which they can be used.
In case of a history of recent losses, the Company recognises a deferred tax asset only to the extent that it has sufficient taxable temporary
differences or there is convincing other evidence that sufficient taxable profit will be available against which such deferred tax asset can be
realised. Deferred tax assets – unrecognised or recognised, are reviewed at each reporting date and are recognised/ reduced to the extent that
it is probable/ no longer probable respectively that the related tax benefit will be realized.
Provisions, contingent liabilities and contingent assets
Provisions are recognized when the Company has a present legal or constructive obligation as a result of past events, it is probable that an
outflow of resources will be required to settle the obligation and the amount can be reliably estimated. Provisions are not recognized for
future operating losses.
Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering
the class of obligations as a whole. A provision is recognized even if the likelihood of an outflow with respect to any one item included in the
same class of obligations may be small.

70. 70
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Provisions are measured at the present value of management’s best estimate of the expenditure required to settle the present obligation at the
end of the reporting period. The discount rate used to determine the present value is a pre-tax rate that reflects current market assessments of
the time value of money and the risks specific to the liability. The increase in the provision due to the passage of time is recognized as
finance cost.
Contingent liabilities are possible obligations that arise from past events and whose existence will only be confirmed by the occurrence or
non-occurrence of one or more future events not wholly within the control of the Company. Where it is not probable that an outflow of
economic benefits will be required, or the amount cannot be estimated reliably, the obligation is disclosed as a contingent liability, unless the
probability of outflow of economic benefits is remote. Contingent liabilities are disclosed on the basis of judgement of the
management/independent experts. These are reviewed at each balance sheet date and are adjusted to reflect the current management estimate.
Contingent assets are possible assets that arise from past events and whose existence will be confirmed only by the occurrence or
non-occurrence of one or more uncertain future events not wholly within the control of the Company. Contingent assets are disclosed in the
financial statements when inflow of economic benefits is probable on the basis of judgement of management. These are assessed continually
to ensure that developments are appropriately reflected in the financial statements.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand and short-term deposits with original maturities of three months or less that are
readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value.
Leases
The Company assesses whether a contract contain a lease, at inception of contract. A contract is, or contains, a lease if the contract conveys
the right to control the use of an identified asset for a period of time in exchange for consideration.
To assess whether a contract conveys the right to control the use of an identified asset, the Company assesses whether : (i) the contract
involves the use of an identified asset (ii) the Company has substantially all of the economic benefits from use of the asset through the period
of lease and (iii) the Company has the right to direct the use of the asset.
Company as a lessee
The Company accounts for each lease component within the contract as a lease separately from non-lease components of the contract and
allocates the consideration in the contract to each lease component on the basis of the relative stand-alone price of the lease component and
the aggregate stand-alone price of the non-lease components.
The Company recognises right-of-use asset representing its right to use the underlying asset for the lease term at the lease commencement
date. The cost of the right-of-use asset measured at inception shall comprise of the amount of the initial measurement of the lease liability
adjusted for any lease payments made at or before the commencement date less any lease incentives received, plus any initial direct costs
incurred and an estimate of costs to be incurred by the lessee in dismantling and removing the underlying asset or restoring the underlying
asset or site on which it is located. The right-of-use assets is subsequently measured at cost less any accumulated depreciation, accumulated
impairment losses, if any and adjusted for any remeasurement of the lease liability. The right-of-use assets is depreciated using the
straight-line method from the commencement date over the shorter of lease term or useful life of right-of-use asset. Right-of-use assets are
tested for impairment whenever there is any indication that their carrying amounts may not be recoverable. Impairment loss, if any, is
recognized in the statement of profit and loss. For the purpose of impairment testing, the recoverable amount (i.e. the higher of the fair value
less cost to sell and value in use) is determined on an individual asset basis, unless the asset does not generate cash flows that are largely
independent of those from other assets. In such cases the recoverable amount is determined for the cash generating units to which the asset
belong.
The Company measures the lease liability at the present value of the lease payments that are not paid at the commencement date of the lease.
The lease payments are discounted using the interest rate implicit in the lease, if that rate can be readily determined. If that rate cannot be
readily determined, the Company uses incremental borrowing rate in the country of domicile of these lease. For leases with reasonably
similar characteristics, the Company, on a lease by lease basis, may adopt either the incremental borrowing rate specific to the lease or the
incremental borrowing rate for the portfolio as a whole. The lease payments shall include fixed payments, variable lease payments, residual
value guarantees, exercise price of a purchase option where the Company is reasonably certain to exercise that option and payments of
penalties for terminating the lease, if the lease term reflects the lessee exercising an option to terminate the lease.
The lease liability is subsequently remeasured by increasing the carrying amount to reflect interest on the lease liability, reducing the carrying
amount to reflect the lease payments made and remeasuring the carrying amount to reflect any reassessment or lease modifications or to
reflect revised in-substance fixed lease payments. The company recognizes the amount of the re-measurement of lease liability due to
modification as an adjustment to the right-of-use asset and statement of profit and loss depending upon the nature of modification. Where the
carrying amount of the right-of-use asset is reduced to zero and there is a further reduction in the measurement of the lease liability, the
Company recognizes any remaining amount of the re-measurement in statement of profit and loss.

71. 71
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
The Company has elected not to apply the requirements of Ind AS 116 Leases to short-term leases of all assets that have a lease term of 12
months or less and leases for which the underlying asset is of low value. The lease payments associated with these leases are recognized as an
expense on a straight-line basis over the lease term.
Operating segments
In accordance with Ind AS 108, the operating segments used to present segment information are identified on the basis of internal reports
used by the Company’s management to allocate resources to the segments and assess their performance. The indicators used for internal
reporting purposes may evolve in connection with performance assessment measures put in place.
Earnings per share
Basic earnings per equity share are computed by dividing the net profit or loss attributable to equity shareholders of the Company by the
weighted average number of equity shares outstanding during the financial year.
Diluted earnings per equity share is computed by dividing the net profit or loss attributable to equity shareholders of the Company by the
weighted average number of equity shares considered for deriving basic earnings per equity share and also the weighted average number of
equity shares that could have been issued upon conversion of all dilutive potential equity shares.
Inventories
Inventories comprising traded prepaid payment instruments. Inventories are valued at the lower of cost and net realisable value. The cost of
inventories comprises cost of purchase (net of recoverable taxes where applicable). Net realisable value (NRV) is the estimated selling price
in the ordinary course of business, less and estimated costs necessary to make the sale. Provisions/write-downs for obsolescence and
slow-moving inventory are made, wherever necessary and inventory is stated net of such provisions/write-downs.
Recent pronouncements
On March 24, 2021, the Ministry of Corporate Affairs (“MCA”) through a notification, amended Schedule III of the Companies Act, 2013.
The amendments revise Division I, II and III of Schedule III and are applicable from April 1, 2021. Key amendments relating to Division II
which relate to companies whose financial statements are required to comply with Companies (Indian Accounting Standards) Rules 2015 are:
Balance sheet
a) Lease liabilities should be separately disclosed under the head ‘financial liabilities’, duly distinguished as current or non-current.
b) Certain additional disclosures in the statement of changes in equity such as changes in equity share capital due to prior period errors and
restated balances at the beginning of the current reporting period.
c) Specified format for disclosure of shareholding of promoters.
d) Specified format for ageing schedule of trade receivables, trade payables, capital work-in-progress and intangible asset under
development.
e) If a company has not used funds for the specific purpose for which it was borrowed from banks and financial institutions, then disclosure
of details of where it has been used.
f) Specific disclosure under ‘additional regulatory requirement’ such as compliance with approved schemes of arrangements, compliance
with number of layers of companies, title deeds of immovable property not held in name of company, loans and advances to promoters,
directors, key managerial personnel (KMP) and related parties, details of benami property held etc.
Statement of Profit and Loss
a) Additional disclosures relating to Corporate Social Responsibility (CSR), undisclosed income and crypto or virtual currency specified
under the head ‘additional information’ in the notes forming part of the standalone financial statements.

72. 72
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
The amendments are extensive and the Company will evaluate the same to give effect to them as required by law.
Ebix Payment Services Private Limited
Summary of significant accounting policies and other explanatory information for the year ended March 31, 2021
(All Amounts in INR lakhs unless otherwise stated )
38
Disclosure under the Micro, Small
and Medium Enterprises
Development Act, 2006 (27 of
2006) (“MSMED Act, 2006”)
       
       
S.No. Particulars
March
31,
2021
March
31,
2020
April
01,
2019
i
the principal amount and the interest due thereon remaining unpaid to any
supplier as at the end of each accounting year;
- - -
ii
the amount of interest paid by the buyer in terms of Section 16 of MSMED Act,
2006 along with the amount of the payment made to the supplier beyond the
appointed day during each accounting year;
- - -
iii
the amount of interest due and payable for the period of delay in making
payment (which have been paid but beyond the appointed day during the year)
but without adding the interest specified under this Act;
- - -
iv
the amount of interest accrued and remaining unpaid at the end of each
accounting year; and
- - -
v
the amount of further interest remaining due and payable even in the
succeeding years, until such date when the interest dues as above are actually
paid to the small enterprise, for the purpose of disallowance as a deductible
expenditure under Section 23 of MSMED Act, 2006.
- - -
39Contingent liabilities, contingent assets and commitments
   
   
A.Contingent liabilities
   
   
Particulars
March
31, 2021
March
31, 2020
Claim against the Company not acknowledged as debts- service tax** 1,068.181,068.18
   
** These litigations relate to the period preceding the date of acquisition of the Company (refer note 47 for details)
and management believes that any demand thereon shall be reimbursed by the erstwhile owners of the Company.
   
   
B.Capital and other commitments
   
Estimated amount of contracts on capital account and other commitments remaining to be executed and not provided
for in accounts is Nil (March 31,2020 : INR 25.65 Lacs)
   
40Segment information:
     
The Management Information System of the Company identifies and monitors payment
services business as the business segment. The Company is managed organizationally as a
single unit. In the opinion of the management, the Company is predominantly engaged in
the business of payment related services and payment instruments. As the basic nature of
     

73. 73
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
these activities are governed by the same set of risks and returns, these constitute and are
grouped as a single segment. Accordingly, there is only one Reportable Segment for the
Company which is "Payment Services", hence no specific disclosures have been made.
This is also inline with the way the operational results are reviewed by the Chief operating
decision makers.
     
     
Entity wide disclosures
     
   
A.
Information about
products and services
   
During the year, the
Company primarily
operated in a single
business segment,
therefore service wise
revenue disclosure is
not applicable.
   
   
B.
Information about
geographical areas
   
The major services of
the Company are
proivided to the
customers who are
domiciled in India.
Also, all the assets of
the Company are
located in India.
   
   
C.
Information about
major customers (from
external customers)
   
The Company derives
revenues from the
following customers
which amount to 10
per cent or more of a
Company’s revenues:
   
   
Customer
March
31, 2021
March
31, 2020
Prepay Payment
Services Pvt Ltd
33,265.686,597.63
Epocket Online
Payments Private
Limited
35,604.18-
Madison Incentives
Managemennt Pvt. Ltd
- 3,215.72
41
Related party
disclosures
   
I List of related parties
A. Name and nature of relationship with the related party where control exists:

74. 74
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Ebix Inc. USA - Ultimate Holding Company
Ebixcash Private Limited (Formerly Ebix Software India Private Limited)- Holding Company
ItzCash Payment Solutions Limited - Wholly Owned Subsidiary Company
B.
Fellow subsidiaries of Holding Company or Ultimate Holding Company with whom transactions took
place during current year or previous year
 
Ebix Travels Private Limited
Ebix Smartclass Educational Services Private Limited
Leisure Corp Private Limited
Ebix Money Express Private Limited
Ebix Travel & Holidays Limited (Formerly Mercury Travels Limited)
Ebixcash World Money Limited
Ebix Asia Pacific FZE LLC
C. Key Management Personnel (KMP)
Mr. Robin Raina Director
Mr. Vikas Verma Director
Mr. Satya Bushan Kotru Director
Mr. Sumit Khadria (w.e.f 16 August 2019) Director
Mr. Guruprasad Tiruvanamalai Chandrashekran (w.e.f 16 August 2019) Director
Mr. Rahul Nemichand Chopra
Company
Secretary
IITransactions with related parties are as follow:
   
Particulars March 31, 2021March 31, 2020
Ebixcash Private Limited (Formerly Ebix Software India Private Limited)
Inter-corporate deposits given 5,145.00 11,928.70
Interest income on inter-corporate deposits given 27.82 8.80
Interest cost on inter-corporate deposits taken 24.78 -
Ebix Asia Pacific FZE LLC
Sale of gift cards - 1,849.30
Ebix Inc. USA
Sale of gift cards 161.37 -
Ebix Travels Private Limited
Purchase of tickets using portal of Ebix Travels Private Limited 4,815.15 9,543.33
Sale of gift cards 19.18 11.82
Inter- corporate deposits taken - 2,000.00

75. 75
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Inter-corporate deposits repaid - 2,000.00
Inter-corporate deposits given - 300.00
Inter-corporate deposits repaid 300.00 -
Interest cost on inter-corporate deposits taken - 31.23
Interest income on inter-corporate deposits given - 4.50
Commission paid 93.29 252.79
Ebix Smartclass Educational Services Private Limited
Sale of gift cards 8.04 64.31
Ebix Money Express Private Limited
Sale of gift cards 1.90 -
Trade advances converted in to inter-corporate deposits - 900.00
Inter-corporate deposits given 49,430.00 38,450.43
Inter-corporate deposits repaid 51,980.00 36,070.43
Interest income on inter-corporate deposits given 120.25 134.04
Interest cost on inter-corporate deposits taken 10.98 -
Leisure Corp Private Limited
Sale of gift cards 23.72 22.46
Inter-corporate deposits given - 200.00
Inter-corporate deposits repaid - 200.00
Interest income on inter-corporate deposits given - 10.85
Ebix Travel & Holidays Limited (Formerly Mercury Travels Limited)
Travelling expenses 2.38 25.06
Inter-corporate deposits given - 80.00
Inter-corporate deposits repaid - 80.00
Interest income on inter-corporate deposits given - 0.08
EbixCash World Money Limited
Inter-corporate deposits given 630.00 -
Inter-corporate deposits repaid 630.00 -
Interest income on inter-corporate deposits given 9.49 -
Remuneration
Mr. Rahul Nemichand Chopra 4.20 5.24
Balance outstanding at year end March 31,March 31,April 01,

76. 76
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
2021 2020 2019
Receivable/ (payable)
Interactive Financial & Trading Services Private Limited - - 421.13
Interactive Tradex India Pvt Ltd - - 429.17
Ebix Travels Private Limited (507.75)277.32 -
Ebix Smartclass Educational Services Pvt Ltd 8.03 2.26 2.73
Ebix Money Express Private Limited 951.71 3,400.64900.00
Leisure Corp Private Limited 9.76 28.96 200.00
Ebix Travel & Holidays Limited (Formerly Mercury Travels Limited) 0.50 (2.35) -
EbixCash World Money Limited (9.60) - -
Ebixcash Private Limited (Formerly Ebix Software India Private Limited) 110.74 5.11 -
Transactions with related parties have been disclosed from or upto the date, the parties
became/remain as related parties.
     
42
Details of Loans given, inter corporate deposit, investments made and guarantee given
covered U/s 186(4) of the Companies Act, 2013.
       
       
` March
31, 2020
Deposit
given
Deposit
recovered
March
31, 2021
Inter corporate deposit given
Ebix Money Express Private Limited 3,280.0049,430.0051,980.00730.00
Ebixcash Private Limited - 5,145.005,045.00100.00
Ebix Cash World Money Limited - 630.00630.00-
Ebix Travels Private Limited 300.00- 300.00-
Total 3,580.0055,205.0057,955.00830.00
Particulars
April 01,
2019
Deposit
given
Deposit
recovered
March
31, 2020
Inter corporate deposit given
Ebix Money Express Private Limited - 39,350.4336,070.433,280.00
Ebixcash Private Limited - 11,928.7011,928.70-
Leisure Corporate Private Limited - 200.00200.00-
Ebix Travel & Holidays Limited (previous name "Mercury Travels Limited")- 80.0080.00 -
Ebix Travels Private Limited - 300.00- 300.00
Total - 51,859.1348,279.133,580.00
Inter corporate deposits are provided for business purpose of borrower and are repayable on
demand.
       
Notes:
       

77. 77
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
(i) All above Inter corporate deposits are given at an interest rate of 8.5% p.a.(March 31,
2020: 9% p.a, April 01, 2019: 7% p.a.)
       
(ii) All the above loans are provided for business purpose of respective entities, repayable
on demand with repayment option to the borrowers
       
43Employee benefits
       
       
The Company contributes to the following post employment benefit plans in India
       
       
Defined contribution plan:
       
The Company's contribution to provident and other funds amounts to INR 26.80 lakhs (March 31,
2020: INR 52.63 lakhs). The obligation of the Company is limited to the amount contributed and it
has no further contractual and / or constructive obligation.
       
Post employment benefit obligation:
       
The Company has a defined benefit gratuity plan. Every employee who has completed five years or
more of service is entitled to Gratuity on terms not less favourable than the provisions of the
Payment of Gratuity Act, 1972. The scheme is funded with "New Group Gratuity Cash
Accumulation Plan" managed by Life Insurance Corporation of India.
       
The most recent actuarial valuation of plan assets and the present value of the defined benefit
obligation for gratuity were carried out as at 31 March 2021. The present value of the defined
benefit obligations and the related current service cost and past service cost, were measured using
the Projected Unit Credit Method.
       
The amount recognised in the balance sheet and the movement in the net defined obligation over
the year are as follows :
       
March
31, 2021
March
31,
2020
April 01,
2019
 
(i)Net defined benefit asset/ (liability)
 
Defined benefit obligation 137.29136.59119.29
 
Fair value of plan assets 91.67106.79109.10
 
Plan liability 45.6229.8010.19
 
 
Fair value of planned (liability) /assets
 
Non-Current 42.4926.65
 
Current 3.13 3.15
 
 
 
March
31, 2021
March
31,
2020
 
(ii)Net defined benefit expenses (recognised in statement of profit and loss)
 
Current service cost 14.6616.07
 
Net interest cost on defined benefit obligations 2.06 0.78
 
Net benefit expenses 16.7216.85
 
 

78. 78
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
(iii)Remeasurement (gains) /loss recognised in other comprehensive income (OCI)
March
31, 2021
March
31,
2020
 
 
Actuarial (gain) /loss for the year on present defined benefit obligation (1.08)1.78
 
Actuarial loss for the year on asset 0.18 0.98
 
Actuarial (gain)/loss recognised in OCI (0.90)2.76
 
 
 
(iv)(a) Changes in present value of the defined benefit obligation as follows:
       
 
Particulars
March
31, 2021
March
31,
2020
 
Opening defined benefit obligation 136.59119.29
 
Interest cost on the defined benefit obligation 9.45 9.14
 
Current service cost 14.6616.07
 
Actuarial (gain)/loss on obligation (1.07)1.78
 
Benefits paid (22.33)(9.69)
 
Closing defined benefit obligation 137.29136.59
 
 
(b) Changes in the fair value of plan assets are as follows:
 
 
Particulars
March
31, 2021
March
31,
2020
 
Fair value of plan assets at beginning of the year 106.79109.10
 
Return on plan assets 7.36 7.62
 
FMC charges (0.15)(0.25)
 
Benefits paid (23.33)(9.69)
 
Fair value of plan asset at end of the year 90.67106.79
 
 
(c) Net defined benefit asset /(liability)
       
 
Particulars
March
31, 2021
March
31,
2020
April 01,
2019
 
Present value of defined benefit obligation 137.29136.59119.29
 
Fair value of plan asset 90.67106.79109.1
 
Unfunded liability / provision in Balance sheet 46.6229.8010.19
 
 
(e) Investment Details:
 

79. 79
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Funds managed by insurer (investment with insurer) 100% 100%
 
 
 
(f) Actuarial assumptions used in determining gratuity obligation for the Company's plan are shown
below:
       
 
 
Particulars
March
31, 2021
March
31,
2020
April 01,
2019
 
Discount rate 6.92%6.92%6.92%
 
Salary escalation rate 6.00%6.00%6.00%
 
 
The estimates of rate of escalation in salary considered in actuarial valuation, take into account
inflation, seniority, promotion and other relevant factors including supply and demand in the
employment market. The above information is certified by the actuary.
       
The expected rate of return on plan assets is determined considering several applicable factors,
mainly the composition of plan assets held, assessed risks, historical results of the return on plan
assets and the Company’s policy for plan asset management.
       
The expected contributions for defined benefit plan for the next financial year will be in line with
FY 2020-21
       
       
(g) Maturity profile of defined benefit obligations
       
Year
March
31, 2021
March
31,
2020
   
0 to 1 Year 3.14 31.5
   
1 to 2 Year 4.79 2.85
   
2 to 3 Year 2.87 4.35
   
3 to 4 Year 5.06 2.83
   
4 to 5 Year 2.77 4.75
   
5 to 6 Year 3.49 2.74
   
6 Year onwards 115.18115.93
   
   
(h) Sensitivity analysis:
   
Significant actuarial assumptions for the determination of the defined benefit obligation are
discount rate, expected salary increase and employee turnover. The sensitivity analysis below, have
been determined based on reasonably possible changes of the assumptions occurring at end of the
reporting period, while holding all other assumptions constant. The result of sensitivity analysis is
given below:
       
     
Particulars
March
31, 2021
  March
31, 2020
 
Increase DecreaseIncreaseDecrease
Change in discounting rate (delta effect of +/- 0.5%) (7.59)8.19(7.68)8.30

80. 80
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Change in rate of salary increase (delta effect of +/- 0.5%) 8.22 (7.69)7.54 (7.07)
44Leases
     
     
a.
The Company's significant leasing arrangements are in respect of leases for office spaces only. When measuring
lease liabilities, the Company discounted lease payments using its incremental borrowing rate as at 01 April 2021.
The weighted average rate applied is 9 % per annum.
     
     
b.Amount recognized in balance sheet are as follows:
March
31,
2021
March
31,
2020
April
01,
2019
Right-of-use assets (refer note 4) 208.65299.51-
Current lease liabilities (refer note 24) 91.5775.33-
Non current lease liabilities (refer note 20) 139.53231.10-
231.10306.43-
c.The following amounts are recognized in the statement of profit and loss:
March
31,
2021
March
31,
2020
-Depreciation on right-of-use assets 90.8692.51
-Interest expense on lease liabilities 23.5429.83
-Expenses related to short term leases 4.083.68
-Expenses related to low value assets, excluding short term leases of low value assets 90.8692.51
d.Refer note 45 for contractual maturities of lease liabilities
     
     
45 Financial instruments – Fair values and risk management
           
           
I. Fair value measurements
           
           
A. Financial instruments by category
           
           
The carrying value of financial instruments by categories as of March
31, 2021 is as given under:
           
           
`
March
31, 2021
  March
31, 2020
 
April
01,
2019
 
FVTOCIAmortised Cost FVTOCI
Amortised
Cost
FVTOCI
Amortised
Cost
Financial assets
Non-current investments 20.14 20.14 20.14
Other non-current financial assets - 155.52- 70.51 - 89.92
Trade receivables - 2,162.04- 1,178.01- 2,397.97

81. 81
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Cash and cash equivalents - 3,129.09- 1,578.43- 10,622.83
Bank balances other than cash and cash equivalents - 1,620.64- 1,555.84- 1,479.00
Loans- current - 830.00- 3,580.00- -
Other current financial assets - 7,404.09- 5,066.28- 1,199.43
20.1415,301.3820.1413,029.0720.1415,789.15
Financial liabilities
           
Lease liabilities- non current - 139.53- 231.10- -
Trade payables - 559.43- 903.97- 685.70
Lease liabilities- current - 91.57 - 75.33 - -
Other financial liabilities - 936.37- 959.54- 2,938.26
- 1,726.90- 2,169.94- 3,623.96
B. Fair value hierarchy
           
This section explains the judgements and estimates made in
determining the fair values of the financial instruments that are:
(a) recognised and measured at fair value and
(b) measured at amortised cost and for which fair values are disclosed
in the financial statements.
To provide an indication about the reliability of the inputs used in
determining fair value, the Company has classified its financial
instruments into the three levels prescribed under the accounting
standard. An explanation of each level follows underneath the table.
           
Quoted prices in an active Market (level 1)
           
           
This level of hierarchy includes financial assets that are measured by
reference to quoted prices (unadjusted) in active markets for identical
assets or liabilities. This category consists of assets or liabilities. This
category consists of investment in quoted equity shares, and mutual
fund investments.
           
Valuation techniques with observable inputs (level 2)
           
           
This level of hierarchy includes financial assets and liabilities,
measured using inputs other than quoted prices included within level 1
that are observable for the asset or liability, either directly ( i.e. as
prices) or indirectly ( i.e. derived from prices) .
           
           
Valuation techniques with significant unobservable inputs (level 3)
           
           
This level of hierarchy includes financial assets and liabilities
measured using inputs that are not based on observable market data
(unobservable inputs) . Fair values are determined in whole or in part,
using a valuation model based on assumptions that are neither
supported by prices from observable current market
           
Financial assets measured at fair value - recurring fair value measurements
       
       
March 31,
     

82. 82
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Particulars 2021
Level 1 Level 2
Level
3
Total
Financial Assets
Non-current investments - - 20.1420.14
Total financial assets - - 20.1420.14
Financial assets and liabilities which are measured at amortised cost for which fair values are
disclosed
       
       
Particulars
March 31,
2021
     
Level 1 Level 2
Level
3
Total
Financial Assets
Other non-current financial assets - - 155.52155.52
Trade receivables - - 2,162.042,162.04
Cash and cash equivalents - - 3,129.093,129.09
Bank balances other than cash and cash equivalents - - 1,620.641,620.64
Loans- current - - 830.00830.00
Other current financial assets - - 7,404.097,404.09
Total financial assets - - 15,301.3815,301.38
Financial Liabilities
Lease liabilities- non current - - 139.53139.53
Trade payables - - 559.43559.43
Lease liabilities- current 91.5791.57
Other financial liabilities - - 936.37936.37
Total financial liabilities - - 1,726.901,726.90
Financial assets measured at fair value - recurring fair value measurements
 
Particulars
March 31,
2020
     
Level 1 Level 2
Level
3
Total
Financial Assets
Non-current investments - - 20.1420.14
Total financial assets - - 20.1420.14
Financial assets and liabilities which are measured at amortised cost for which fair values are
disclosed
       

83. 83
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
       
Particulars
March 31,
2020
     
Level 1 Level 2
Level
3
Total
Financial assets
Other non-current financial assets - - 70.5170.51
Trade receivables - - 1,178.011,178.01
Cash and cash equivalents - - 1,578.431,578.43
Bank balances other than cash and cash equivalents - - 1,555.841,555.84
Loans- current - - 3,580.003,580.00
Other current financial assets - - 5,066.285,066.28
- - 13,029.0713,029.07
Financial liabilities
Lease liabilities- non current - - 231.10231.10
Trade payables - - 903.97903.97
Lease liabilities- current 75.3375.33
Other financial liabilities - - 959.54959.54
Total financial liabilities - - 2,169.942,169.94
Financial assets measured at fair value - recurring fair value measurements
       
       
Particulars April 01, 2019
     
Level 1 Level 2
Level
3
Total
Financial Assets
Non-current investments - - 20.1420.14
Total financial assets - - 20.1420.14
Financial assets and liabilities which are measured at amortised cost for which fair values are
disclosed
       
       
Particulars April 01, 2019
     
Level 1 Level 2
Level
3
Total
Financial assets
Other non-current financial assets - - 89.9289.92
Trade receivables - - 2,397.972,397.97

84. 84
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Cash and cash equivalents - - 10,622.8310,622.83
Bank balances other than cash and cash equivalents - - 1,479.001,479.00
Loans- current - - - -
Other current financial assets - - 1,199.431,199.43
Total financial assets - - 15,789.1515,789.15
Financial liabilities
Lease liabilities- non current - - - -
Trade payables - - 685.70685.70
Lease liabilities- current - - - -
Other financial liabilities - - 2,938.262,938.26
Total financial liabilities - - 3,623.963,623.96
C.
Fair value of financial assets and liabilities measured at
amortised cost
             
             
March
31, 2021
  March
31, 2020
    April 01,
2019
 
Particulars
Carrying
Amount
Fair
Value
Carrying
Amount
Fair
Value
  Carrying
Amount
Fair
Value
Financial assets
 
Other non-current financial assets 155.52155.5270.5170.51
 
89.9289.92
Trade receivables 2,162.042,162.041,178.011,178.01
 
2,397.972,397.97
Cash and cash equivalents 3,129.093,129.091,578.431,578.43
 
10,622.8310,622.83
Bank balances other than cash and cash equivalents1,620.641,620.641,555.841,555.84
 
1,479.001,479.00
Loans- current 830.00830.003,580.003,580.00
 
- -
Other current financial assets 7,404.097,404.095,066.285,066.28
 
1,199.431,199.43
15,301.3815,301.3813,029.0713,029.07
 
15,789.1515,789.15
 
Financial liabilities
             
Lease liabilities- non current 139.53139.53231.10231.10
 
- -
Trade payables 559.43559.43903.97903.97
 
685.70685.70
Lease liabilities- current 91.5791.5775.3375.33
 
- -
Other financial liabilities 936.37936.37959.54959.54
 
2,938.262,938.26
1,726.901,726.902,169.942,169.94
 
3,623.963,623.96
 
i. Short-term financial assets and liabilities are stated at carrying
value which is approximately equal to their fair value.
             

85. 85
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
ii. There have been no transfers between level 1, level 2 and
level 3 for the year ended March 31, 2021 and year ended
March 31, 2020.
             
             
             
II.Financial Risk Management
             
             
The Company has exposure to the following risks arising from
financial instruments:
- credit risk;
- liquidity risk; and
- market risk
             
The Company is exposed primarily to credit, liquidity and
market risk which may adversely impact the fair value of its
financial instruments. The Company assesses the
unpredictability of the financial environment and seeks to
mitigate potential adverse effects on the financial performance
of the Company.
             
i. Credit risk
             
Credit risk is the risk of financial loss to Company if a customer
or counterparty to the financial instrument fails to meet its
financial obligations leading to financial loss.
             
Financial instruments that are subject to concentration of credit
risk principally consist of trade receivables, cash and cash
equivalents, other balances with banks and other financial
assets. None of the financial instruments of the Company result
in material concentration of credit risk other than trade
receivable.
             
The Company maintains its cash and cash equivalents and bank
deposits with banks having good reputation, good past track
record and high quality credit rating and also reviews their
credit rating on a timely basis.
             
The carrying value of financial assets represents the maximum
credit risk. The maximum exposure to credit risk was INR
15,301.38 lakhs and INR 13,029.07 lakhs as at March 31, 2021
and March 31, 2020 respectively, being the total carrying value
of investments, trade receivables, cash and cash equivalents,
loans and other current financial assets.
             
             
Trade Receivables
             
Ind AS requires expected credit losses to be measured through a
loss allowance. The Company assesses at each date of
statements of financial position whether a financial asset or a
group of financial assets is impaired. The Company recognises
lifetime expected losses for all contract assets and / or all trade
receivables that do not constitute a financing transaction. For all
other financial assets, expected credit losses are measured at an
amount equal to the 12 months expected credit losses or at an
amount equal to the life time expected credit losses if the credit
risk on the financial asset has increased significantly since
initial recognition.
In determining the allowances for credit losses of trade
receivables, the Company has used a practical expedient by
computing the expected credit loss allowance for trade
receivables based on a provision matrix. The provision matrix

86. 86
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
takes into account historical credit loss experience and is
             

87. 87
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
adjusted for forward looking information. The expected credit
loss allowance is based on the ageing of the receivables that are
due and rates used in the provision matrix.
             
During the period, the Company has made no write-offs of trade
receivables. The Company management also pursue all options
for recovery of dues wherever necessary based on its internal
assessment. All overdue customer balances are evaluated taking
into account the age of the dues, specific credit circumstances,
the track record of the counterparty etc. Loss allowances and
impairment is recognized, where considered appropriate by
management.
             
             
Movements in allowance for credit losses of receivables is as
below:
             
    March
31, 2021
 
March
31,
2020
   
Opening balance
   
-
 
23.38
   
Changes in loss allowance calculated at life time expected
credit losses
   
-
 
(23.38)
   
Closing balance
   
-
 
-
   
ii. Liquidity risk
         
Liquidity risk is the risk that the Company will encounter difficulty in meeting the obligations
associated with its financial liabilities that are to be settled by delivering cash or another financial
asset. The Company’s approach to managing liquidity is to ensure, as far as possible, that it will have
sufficient liquidity to meet its liabilities when they are due, under both normal and stressed
conditions, without incurring unacceptable losses or risking damage to the Company’s reputation.
The Company invests its surplus funds in bank fixed deposit which carry no market risk.The
Company manages liquidity risk by continuously monitoring forecast and actual cash flows, and by
matching the maturity profiles of financial assets and liabilities. The Company has no outstanding
long term borrowing and the Company believes that working capital is sufficient to meet its current
requirements.
         
The following are the remaining contractual maturities of financial liabilities at the reporting date.
The amounts are gross and undiscounted, and excluding contractual interest payments and exclude
the impact of netting agreements.
         
         
Particulars
Carrying
Amounts
March
31, 2021
Contractual
cash flows
     
Upto 1 year
Between
1 and 2
years
Between 2
and 5 years
More
than 5
year
 
Non-derivative financial liabilities
 
Lease liabilities- non current 139.53- 139.53--
 
Trade payables 559.43559.43 - --
 
Lease liabilities- current 91.5791.57 - --
 

88. 88
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Other financial liabilities 936.37928.05 - -8.32 
Total non-derivative liabilities 1,726.901,579.05139.53-8.32
 
 
Particulars
Carrying Amounts
March 31, 2020
Contractual cash flows
     
Upto 1 year Between 1 and 2 yearsBetween 2 and 5 yearsMore than 5 year
Non-derivative financial liabilities
Lease Liabilities- Non Current 231.10 - 91.57 139.53-
Trade payables 903.97 903.97 - - -
Lease Liabilities- Current 75.33 75.33 - - -
Other financial liabilities 959.54 950.26 - - 9.28
Total non-derivative liabilities2,169.94 1,929.56 91.57 139.539.28
Particulars
Carrying Amounts
April 01, 2019
Contractual cash flows
    
Upto 1 year Between 1 and 2 yearsBetween 2 and 5 years More than 5 year
Non-derivative financial liabilities
Lease Liabilities- Non Current - - -
Trade payables 685.70 685.70 - --
Lease Liabilities- Current - - - --
Other financial liabilities 2,938.26 2,928.48 - -9.78
Total non-derivative liabilities 3,623.96 3,614.18 - -9.78
iii. Market risk
 
Market risk is the risk of any loss in future earnings, in realisable fair values or in future cash flows that may results from a change in the
price of a financial instrument.The value of a financial instrument may change as a result of change in the interest rate, foreign currency
exchange rates , liquidity and other market changes . Future specific market movements cannot be normally predicted with reasonable
accuracy.
 
a) Currency risk
 
The Company does not have any exposure in foreign currency and therefore not exposed to currency risk.
 
 
b) Interest rate risk
 
Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market
interest rates. The Company's exposure to the risk of changes in market interest rates primarily relates to the fixed deposits and
borrowings. The Company constantly monitors the credit markets and rebalances its financing strategies to achieve an optimal maturity
profile and financing cost.
 
Exposure to interest rate risk
     
The interest rate profile of the Company 's interest bearing financial instruments at the end of the
reporting period are as follows:
     
     
March 31,March 31,April 01,

89. 89
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Particulars 2021 2020 2019
Fixed rate instruments
Financial assets 1,905.804,568.95437.73
Financial liabilities - -
1,905.804,568.95437.73
Variable rate instruments
Financial assets - -
Financial liabilities - -
- -
Sensitivity analysis
Fixed rate instruments
Fixed rate instruments that are carried at amortised cost are not subject to interest rate risk for the purpose of sensitive analysis.
Variable rate instruments
There is no variable interest rate financial instrument in the Company.
46
The Company has been granted licenses from Reserve Bank of India for operating as Bharat bill payment operating unit under Bharat
Bill Payment System in India which is valid till 30 September 2022 and to set up and operate payment system for semi-closed prepaid
payment instrument services which is valid till 30 November 2025, thereby the Company is also required to comply with the Master
Direction on Issuance and Operation of Prepaid Payment Instruments (as amended) and other circulars and notifications as issued from
time to time.
47
The holding company, along with Ebix Singapore Pte. Ltd. (hereinafter referred to as the Ebix entities), had purchased 13,501,670 equity
shares of the Company on April 1, 2017. During FY 2019-20, the erstwhile shareholders of the Company have raised a dispute with the
Ebix entities alleging breaches of the Share Purchase Agreement (SPA) and Shareholders’ Agreement (SHA), entered into between the
parties and demanding termination of SHA. The matter is under arbitration in accordance with the rules of the Singapore International
Arbitration Centre (“SIAC”). Simultaneously, Ebix entities have also filed application before the National Company Law Tribunal,
Mumbai (“NCLT”) seeking, inter alia, a declaration that the Articles of the Company stand amended pursuant to the termination of the
SHA by erstwhile shareholders. The Management of the Company based upon legal analysis believes that no additional demand shall
devolve upon the Company.
48 Corporate Social Responsibility (CSR) expense
     
As required by Section 135 of the Comapanies Act, 2013, gross amount required to be spent by
the Company during the year was INR 8.96 lakhs (March 31, 2020: Nil) and amount spent by the
Company is INR Nil (March 31, 2020: Nil).
     
Particulars
 
For the
year
ended
   
 
March
31,
2021
March
31,
2020
April
01,
2019
Amount requrired
to be spent during
the year (A)
 
8.96- -
Shortfall amount of
previous year (B)
 
- - -
Total (A) + (B)
 
8.96- -
Amount spent on
CSR
 
- - -

90. 90
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Shortfall amount of
current year (C)
 
8.96- -
49Capital management
The Company manages its capital to ensure that it will be able to continue as going concerns while maximizing the return to stakeholders
through the optimisation of the debt and equity balance.The board of directors of the Company review the capital structure of the
Company on a an ongoing basis. As part of this review, the Board considers the cost of capital and the risks associated with each class of
capital.
The Company monitors capital using gearing ratio which is net debt divided by total equity. Net debt comprises of long term and short
term borrowings less cash and cash equivalent. Equity includes equity share capital and reserves that are managed as capital. The
company is not having any debt as on March 31, 2021 and March 30, 2020.
50Prior year adjustments
During the year, the Company has restated its comparative financial statements to account for the impact of revenue transactions from
sale of semi-closed loop co-branded cards (Gift Cards) which have now been recorded on gross basis. The semi-closed loop co-branded
gift cards business majorly picked up from Janaury 2020 onwards. Further, few other heads of other financial statements line items have
now been correctly grouped wherever considered necessary to make them comparable with those of the current year. The effect of
restatement due to above adjustment is summarised below:
Extract of Balance Sheet as at March 31, 2019
     
Particulars As previously reported Adjustment As restated
Liabilities
Trade payables 3,571.50 (2,885.80) 685.70
Other financial liabilities 9.78 2,928.48 2,938.26
Other current liabilities 6,059.86 (8.28) 6,051.58
Provisions 37.25 (34.40) 2.85
Extract of Balance Sheet as at March 31, 2020
     
Particulars As previously reported Adjustment As restated
Assets
Trade receivables 822.72 355.29 1,178.01
Other current financial assets 5,584.61 (518.33) 5,066.28
Other current assets 1,087.80 706.13 1,793.93
Liabilities
Trade payables 1,482.73 (578.76) 903.97
Other financial liabilities 28.11 922.15 950.26
Other current liabilities 5,205.00 635.76 5,840.76
Provisions 439.21 (436.06) 3.15
Extract of statement of profit and loss for the year ended March 31, 2020
     
Particulars As previously reportedAdjustmentAs restated
Revenue

91. 91
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Revenue from operations 24,941.54 11,319.2636,260.80
Cost
Purchase of stock-in-trade 17,090.52 11,667.8528,758.37
Finance costs 129.02 (62.78) 66.24
Other expenses 7,614.28 (285.81)7,328.47
Extract of statement of cash flows for FY March 31, 2020
     
Particulars As previously reportedAdjustmentAs restated
Cash flows from operating activities (8,945.04) 3,649.58 (5,295.46)
Cash flows from investing activities 99.97 (132.37) (32.40)
Cash flows from financing activities (199.33) (3,517.22)(3,716.55)
51
The outbreak of Coronavirus (CoVID-19) pandemic globally is causing slowdown of economic activity. In many countries, businesses
are being forced to cease or limit their operations for long or indefinite period of time. Measures are taken to contain the spread of the
virus, including travel restrictions, quarantines, social distancing and closure of non-essential services. The potential impact to our
results going forward will depend to a large extent on future developments regarding COVID-19 that cannot be accurately predicted at
this point in time, including the duration and severity of the pandemic, the extent and effectiveness of containment actions and the
impact of these and other factors on our employees, customers, and vendors. The Company, as on the date of approval of the financial
statements believes there is no significant impact of COVID-19 on the underlying assumptions and estimates that have been used to
prepare these statements.
This is the summary of significant accounting policies and other explanatory information
referred to in our report of even date
     
For Walker Chandiok & Co LLP
For and on behalf of the Board
of Directors of
Ebix Payment Services Private
Limited
  
ICAI firm registration number : 001076N/N500013
Chartered Accountants
Rohit Arora Satya Bushan Kotru
Vikas
Verma
Partner Director Director
Membership number: 504774 DIN: 01729176
DIN:
03511116
For KG Somani & Co LLP
Chartered Accountants Rahul Nemichand Chopra
Firm Reg No.: 006591N/N500377 Company Secretary
Membership number: 41826
Varun Sharma
Partner
Membership number: 512916

92. 92
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Place: Noida
Date: October 30, 2021
Textual information (32)
Description of accounting policy for contingent liabilities and contingent assets [Text Block]
39
Contingent liabilities, contingent assets and commitments
   
   
A.Contingent liabilities
   
   
Particulars
March
31, 2021
March
31, 2020
Claim against the Company not acknowledged as debts- service tax** 1,068.181,068.18
   
** These litigations relate to the period preceding the date of acquisition of the Company (refer note 47 for details)
and management believes that any demand thereon shall be reimbursed by the erstwhile owners of the Company.
   
   
B.Capital and other commitments
   
Estimated amount of contracts on capital account and other commitments remaining to be executed and not provided
for in accounts is Nil (March 31,2020 : INR 25.65 Lacs)
   
Textual information (33)
Description of accounting policy for earnings per share [Text Block]
Basic earnings per equity share are computed by dividing the net profit or loss attributable to equity shareholders of the Company by the
weighted average number of equity shares outstanding during the financial year.
Diluted earnings per equity share is computed by dividing the net profit or loss attributable to equity shareholders of the Company by the
weighted average number of equity shares considered for deriving basic earnings per equity share and also the weighted average number of
equity shares that could have been issued upon conversion of all dilutive potential equity shares.

93. 93
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Textual information (34)
Description of accounting policy for employee benefits [Text Block]
Employee benefits
Short term employee benefits
Liabilities for salaries, including other monetary and non-monetary benefits that are expected to be settled wholly within 12 months after the
end of the period in which the employees render the related service are recognised in respect of employees’ services up to the end of the
reporting period and are measured at the amounts expected to be paid when the liabilities are settled. The liabilities are presented as current
employee benefit payable under other financial liabilities.
Defined contribution plans
Obligations for contributions to defined contribution plans (Contribution to Provident Fund) are recognized in Statement of profit and loss,
when the employee rendered related service. The Company has no further obligations under these plans beyond its periodic contributions.
Defined benefit plans
The Company’s net obligation in respect of defined benefit plan is calculated by estimating the amount of future benefit that employees have
earned in the current and prior periods, discounting that amount and deducting the fair value of any plan assets. The calculation of defined
benefit obligations is performed annually by a qualified actuary using the projected unit credit method. When the calculation results in a
potential asset for the Company, the recognised asset is limited to the present value of economic benefits available in the form of any future
refunds from the plan or reductions in future contributions to the plan. Re-measurement of the net defined benefit liability, which comprise
actuarial gains and losses, the return on plan assets (excluding interest) and the effect of the asset ceiling (if any, excluding interest), are
recognized immediately in Other Comprehensive Income. Re-measurement are not reclassified to profit or loss in the subsequent periods. Net
interest expense (income) on the net defined liability (assets) is computed by applying the discount rate, used to measure the net defined
liability (asset), to the net defined liability (asset) at the start of the financial year after taking into account any changes as a result of
contribution and benefit payments during the year. Net interest expense and other expenses related to defined benefit plans are recognised in
profit or loss. When the benefits of a plan are changed or when a plan is curtailed, the resulting change in benefit that relates to past service
or the gain or loss on curtailment is recognised immediately in profit or loss. The Company recognizes gains and losses on the settlement of a
defined benefit plan when the settlement occurs.
d. Other long-term employee benefits
The Company’s net obligation in respect of long-term employee benefits other than post-employment benefits is the amount of future benefit
that employees have earned in return for their service in the current and prior periods; that benefit is discounted to determine its present
value. The obligation is measured on the basis of an annual independent actuarial valuation using the projected unit credit method.
Remeasurements gains or losses are recognised in statement of profit or loss in the period in which they arise. Expenses related to other
long-term employee benefits are recognised in statement of profit or loss under ‘Employee benefits expense’.
Long-term compensated absences: Long-term compensated absences are provided for on the basis of its actuarial valuation as per the
projected unit credit method as on the Balance Sheet date.

94. 94
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Textual information (35)
Description of accounting policy for financial instruments [Text Block]
Financial instruments
A financial instrument is any contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another
entity.
Financial assets
Initial recognition and measurement
The Company recognises financial assets and financial liabilities when it becomes a party to the contractual provisions of the instrument. All
financial assets and liabilities are recognised at fair value on initial recognition, except for trade receivables which are initially measured at
transaction price. Transaction costs that are directly attributable to the acquisition or issue of financial assets and financial liabilities, which
are not at fair value through profit or loss, are added to the fair value on initial recognition. Regular way purchase and sale of financial assets
are accounted for at trade rate.
Subsequent measurement
For the purpose of subsequent measurement, financial assets are classified in four categories:
Debt instruments at amortized cost
Debt instrument at fair value through Other Comprehensive Income (FVTOCI)
Debt instrument, derivatives and equity instruments at fair value through profit and loss (FVTPL)
Equity Instrument measured at fair value through Other Comprehensive Income (FVTOCI)
Debt instruments at amortized cost
A financial asset is measured at amortized cost only if both of the following conditions are met:
- it is held within a business model whose objective is to hold assets in order to collect contractual cash flows.
- the contractual terms of the financial asset represent contractual cash flows that are solely payments of principal and interest.
After initial measurement, such financial assets are subsequently measured at amortized cost using the EIR (effective interest rate) method.
Amortized cost is calculated by taking into account any discount or premium on acquisition and fees or costs that are an integral part of the
EIR. The EIR amortization is included as finance income in the profit or loss. The losses arising from impairment are recognized in the profit
or loss.
Debt instrument at fair value through Other Comprehensive Income (FVTOCI)
A ‘debt instrument’ is classified as at the FVTOCI if both of the following criteria are met:
-The objective of the business model is achieved both by collecting contractual cash flows and selling the financial assets, and
-The asset’s contractual cash flows represent solely payments of principal and interest
Debt instruments included within the FVTOCI category are measured initially as well as at each reporting date at fair value. Fair value
movements are recognized in the OCI. However, the Company recognizes interest income, impairment losses & reversals and foreign

95. 95
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
exchange gain or loss in the profit and loss. On derecognition of the asset, cumulative gain or loss previously recognized in OCI is
reclassified from the equity to profit and loss. Interest earned whilst holding FVTOCI debt instrument is reported as interest income using the
EIR method.
Debt instrument at fair value through profit and loss (FVTPL)
Any debt instrument, which does not meet the criteria for categorization as at amortized cost or as FVOCI, is classified as at FVTPL.
In addition, the Company may elect to classify a debt instrument, which otherwise meets amortized cost or FVTOCI criteria, as at FVTPL.
However, such election is allowed only if doing so reduces or eliminates a measurement or recognition inconsistency (referred to as
‘accounting mismatch’).
Debt instruments included within the FVTPL category are measured at fair value with all changes recognized in the statement of profit and
loss.
Equity Instrument measured at fair value through Other Comprehensive Income (FVTOCI)
All equity instruments in scope of Ind AS 109 are measured at fair value. Equity instruments which are held for trading are classified as at
FVTPL. For all other equity instruments, the Company may make an irrevocable election to present subsequent changes in the fair value in
OCI. The Company makes such election on an instrument-by-instrument basis. The classification is made on initial recognition and is
irrevocable.
If the Company decides to classify an equity instrument as at FVTOCI, then all fair value changes on the instrument, including foreign
exchange gain or loss and excluding dividends, are recognized in the OCI. There is no recycling of the amounts from OCI to profit or loss,
even on sale of investment. However, the Company may transfer the cumulative gain or loss within equity.
Equity instruments included within the FVTPL category are measured at fair value with all changes recognized in the profit or loss.
Derecognition of financial assets
A financial asset (or, where applicable, a part of a financial asset or part of a group of similar financial assets) is primarily derecognized (i.e.
removed from the company’s balance sheet) when:
The rights to receive cash flows from the asset have expired, or
The Company has transferred its rights to receive cash flows from the asset or has assumed an obligation to pay the received cash flows in
full without material delay to a third party under a ‘pass-through’ arrangement; and either (a) the Company has transferred substantially all
the risks and rewards of the asset, or (b) the Company has neither transferred nor retained substantially all the risks and rewards of the asset,
but has transferred control of the asset.
When the Company has transferred its rights to receive cash flows from an asset or has entered into a pass-through arrangement, it evaluates
if and to what extent it has retained the risks and rewards of ownership.
When it has neither transferred nor retained substantially all of the risks and rewards of the asset, nor transferred control of the asset, the
Company continues to recognize the transferred asset to the extent of the Company’s continuing involvement. In that case, the company also
recognizes an associated liability. The transferred asset and the associated liability are measured on a basis that reflects the rights and
obligations that the company has retained.
Continuing involvement that takes the form of a guarantee over the transferred asset is measured at the lower of the original carrying amount
of the asset and the maximum amount of consideration that the company could be required to repay.
On derecognition of a financial asset, the difference between the carrying amount of the asset (or the carrying amount allocated to the portion
of the asset de-recognized) and the sum of (i) the consideration received (including any new asset obtained less any new liability assumed)
and (ii) any cumulative gain or loss that had been recognized in OCI is recognized in profit or loss.
Impairment of financial assets
The Company assesses on a forward-looking basis, the expected credit losses associated with the assets carried at amortized cost and FVOCI

96. 96
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
debt instruments. The impairment methodology applied depends on whether there has been a significant increase in credit risk since initial
recognition. If credit risk has not increased significantly, 12-month ECL is used to provide for impairment loss. However, if credit risk has
increased significantly, lifetime ECL is used. If, in a subsequent period, credit quality of the instrument improves such that there is no longer
a significant increase in credit risk since initial recognition, then the entity reverts to recognising impairment loss allowance based on
12-month ECL.
For trade receivables, the Company applies the simplified approach permitted by Ind AS 109 “Financial Instruments” which requires
expected lifetime losses to be recognized from initial recognition of trade receivables and unbilled revenue. The Company uses historical
default rates to determine impairment loss on the portfolio of trade receivables. At every reporting date, these historical default rates are
reviewed and changes in the forward-looking estimates are analyzed.
Financial liabilities
Initial recognition and measurement
Financial liabilities are classified as measured at amortised cost or FVTPL. A financial liability is classified as at FVTPL if it is classified as
held for trading, or it is a derivative or it is designated as such on initial recognition. Financial liabilities at FVTPL are measured at fair value
and net gains and losses, including any interest expense, are recognised in statement of profit and loss. Other financial liabilities are
subsequently measured at amortised cost using the effective interest method. Interest expense and foreign exchange gains and losses are
recognised in statement of profit and loss. Any gain or loss on derecognition is also recognised in statement of profit and loss.
Subsequent measurement
The measurement of financial liabilities depends on their classification, as described below:
Financial Liabilities measured at amortised cost
After initial recognition, interest-bearing loans and borrowings are subsequently measured at amortized cost using the EIR method. Gains
and losses are recognised in profit or loss when the liabilities are derecognised as well as through the EIR amortisation process.
Amortized cost is calculated by taking into account any discount or premium on acquisition and fees or costs that are an integral part of the
EIR. The EIR amortization is included as finance costs in the statement of profit and loss.
Financial liabilities at fair value through profit or loss
Financial liabilities at fair value through profit or loss include financial liabilities held for trading and financial liabilities designated upon
initial recognition as at fair value through profit or loss. Financial liabilities are classified as held for trading if they are incurred for the
purpose of repurchasing in the near term.
Derecognition of financial liabilities
A financial liability is derecognized when the obligation under the liability is discharged or cancelled or expires. When an existing financial
liability is replaced by another from the same lender on substantially different terms, or the terms of an existing liability are substantially
modified, such an exchange or modification is treated as the derecognition of the original liability and the recognition of a new liability. The
difference in the respective carrying amounts is recognized in the statement of profit and loss.
Textual information (36)
Description of accounting policy for foreign currency translation [Text Block]
Foreign currency transactions are recorded at the exchange rate prevailing on the date of the transaction. Monetary items denominated in
foreign currencies outstanding at the year-end are translated at exchange rates applicable on year end date. Non-monetary items denominated
in foreign currency, are valued at the exchange rate prevailing on the date of transaction and carried at cost. Any gains or losses arising due to
exchange differences arising on translation or settlement are accounted for in the Statement of Profit and Loss.

97. 97
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Textual information (37)
Description of accounting policy for impairment of non-financial assets [Text Block]
The carrying amounts of the Company’s non-financial assets are reviewed at each reporting date to determine whether there is any indication
of impairment considering the provisions of Ind AS 36- ‘Impairment of Assets’. If any such indication exists, then the asset’s recoverable
amount is estimated.
The recoverable amount of an asset or cash-generating unit (‘CGU’) is the higher of its fair value less costs of disposal and its value in use. In
assessing value in use, the estimated future cash flows of asset or CGU are discounted to their present value using a pre-tax discount rate that
reflects current market assessments of the time value of money and the risks specific to the asset.
If no such transactions can be identified, an appropriate valuation model is used. These calculations are corroborated by valuation multiples,
quoted share price for publicly traded companies or other available fair valuation indicators.
For the purpose of impairment testing, assets that cannot be tested individually are grouped together into the smallest group of assets that
generate cash inflows from continuing use that are largely independent of the cash inflows of other assets or groups of assets (the
‘cash-generating unit’ or ‘CGU’)
An impairment loss is recognised if the carrying amount of an asset or its CGU exceeds its estimated recoverable amount. Impairment losses
are recognized in profit or loss. Impairment losses recognised in respect of CGUs are reduced from the carrying amounts of the assets of the
CGU.
An assessment is made at each reporting date to determine whether there is an indication that previously recognised impairment losses no
longer exist or have decreased. If such indication exists, the Company estimates the asset’s or CGU’s recoverable amount. A previously
recognised impairment loss is reversed only if there has been a change in the assumptions used to determine the asset’s or CGU’s recoverable
amount since the last impairment loss was recognized.
The reversal is limited so that the carrying amount of the assets does not exceed its recoverable amount, nor exceed the carrying amount that
would have been determined, net of depreciation, had no impairment loss has been recognised for the asset in prior years. Such reversal is
recognised in the Statement of profit or loss.

98. 98
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Textual information (38)
Description of accounting policy for income tax [Text Block]
Income tax
Income tax expense comprises current and deferred tax. It is recognised in statement of profit and loss except to the extent that it relates to
items recognised directly in equity or in other comprehensive income.
a. Current tax
The current income tax charge is calculated based on the tax laws enacted or substantively enacted at the end of the reporting period in India,
where the Company operate and generate taxable income. The Company creates provisions where appropriate on the basis of amounts
expected to be paid to the tax authorities.
Current tax assets and current tax liabilities are offset only if there is a legally enforceable right to set off the recognised amounts, and it is
intended to realise the asset and settle the liability on a net basis or simultaneously.
b. Deferred tax
Deferred tax is provided in full, using the liability method, on temporary differences arising between the tax bases of assets and liabilities and
their carrying amounts in the financial statements. Deferred income tax is determined using tax rates (and laws) that have been enacted or
substantially enacted by the end of the reporting period and are expected to apply when the related deferred income tax asset is realised or the
deferred income tax liability is settled. Deferred tax assets are recognised for all deductible temporary differences only if it is probable that
future taxable amounts will be available to utilise those temporary differences and losses.
Deferred tax assets and liabilities are offset when there is a legally enforceable right to offset current tax assets and liabilities and when the
deferred tax balances relate to the same taxation authority.
Current and deferred tax is recognised in Statement of Profit and Loss, except to the extent that it relates to items recognised in other
comprehensive income or directly in equity. In this case, the tax is also recognised in other comprehensive income or directly in equity,
respectively.
Deferred tax assets are recognised to the extent that it is probable that future taxable profits will be available against which they can be used.
In case of a history of recent losses, the Company recognises a deferred tax asset only to the extent that it has sufficient taxable temporary
differences or there is convincing other evidence that sufficient taxable profit will be available against which such deferred tax asset can be
realised. Deferred tax assets – unrecognised or recognised, are reviewed at each reporting date and are recognised/ reduced to the extent that
it is probable/ no longer probable respectively that the related tax benefit will be realized.

99. 99
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Textual information (39)
Description of accounting policy for leases [Text Block]
The Company assesses whether a contract contain a lease, at inception of contract. A contract is, or contains, a lease if the contract conveys
the right to control the use of an identified asset for a period of time in exchange for consideration.
To assess whether a contract conveys the right to control the use of an identified asset, the Company assesses whether : (i) the contract
involves the use of an identified asset (ii) the Company has substantially all of the economic benefits from use of the asset through the period
of lease and (iii) the Company has the right to direct the use of the asset.
Company as a lessee
The Company accounts for each lease component within the contract as a lease separately from non-lease components of the contract and
allocates the consideration in the contract to each lease component on the basis of the relative stand-alone price of the lease component and
the aggregate stand-alone price of the non-lease components.
The Company recognises right-of-use asset representing its right to use the underlying asset for the lease term at the lease commencement
date. The cost of the right-of-use asset measured at inception shall comprise of the amount of the initial measurement of the lease liability
adjusted for any lease payments made at or before the commencement date less any lease incentives received, plus any initial direct costs
incurred and an estimate of costs to be incurred by the lessee in dismantling and removing the underlying asset or restoring the underlying
asset or site on which it is located. The right-of-use assets is subsequently measured at cost less any accumulated depreciation, accumulated
impairment losses, if any and adjusted for any remeasurement of the lease liability. The right-of-use assets is depreciated using the
straight-line method from the commencement date over the shorter of lease term or useful life of right-of-use asset. Right-of-use assets are
tested for impairment whenever there is any indication that their carrying amounts may not be recoverable. Impairment loss, if any, is
recognized in the statement of profit and loss. For the purpose of impairment testing, the recoverable amount (i.e. the higher of the fair value
less cost to sell and value in use) is determined on an individual asset basis, unless the asset does not generate cash flows that are largely
independent of those from other assets. In such cases the recoverable amount is determined for the cash generating units to which the asset
belong.
The Company measures the lease liability at the present value of the lease payments that are not paid at the commencement date of the lease.
The lease payments are discounted using the interest rate implicit in the lease, if that rate can be readily determined. If that rate cannot be
readily determined, the Company uses incremental borrowing rate in the country of domicile of these lease. For leases with reasonably
similar characteristics, the Company, on a lease by lease basis, may adopt either the incremental borrowing rate specific to the lease or the
incremental borrowing rate for the portfolio as a whole. The lease payments shall include fixed payments, variable lease payments, residual
value guarantees, exercise price of a purchase option where the Company is reasonably certain to exercise that option and payments of
penalties for terminating the lease, if the lease term reflects the lessee exercising an option to terminate the lease.
The lease liability is subsequently remeasured by increasing the carrying amount to reflect interest on the lease liability, reducing the carrying
amount to reflect the lease payments made and remeasuring the carrying amount to reflect any reassessment or lease modifications or to
reflect revised in-substance fixed lease payments. The company recognizes the amount of the re-measurement of lease liability due to
modification as an adjustment to the right-of-use asset and statement of profit and loss depending upon the nature of modification. Where the
carrying amount of the right-of-use asset is reduced to zero and there is a further reduction in the measurement of the lease liability, the
Company recognizes any remaining amount of the re-measurement in statement of profit and loss.
The Company has elected not to apply the requirements of Ind AS 116 Leases to short-term leases of all assets that have a lease term of 12
months or less and leases for which the underlying asset is of low value. The lease payments associated with these leases are recognized as an
expense on a straight-line basis over the lease term.

100. 100
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Textual information (40)
Description of accounting policy for recognition of revenue [Text Block]
Revenue is measured based on the consideration specified in a contract with a customer net of variable consideration e.g. discounts, volume
rebate, any payment made to a customer (unless the payment is for a distinct good or services received from the customer) and excludes
amount collected on behalf of third parties. The Company recognises revenue when it transfers control over a product or service to a
customer. The amount of revenue recognised at an amount that reflects the consideration to which the Company expect to be entitled to in
exchange for the goods/services. Revenue is only recognized to the extent that is highly probable that a significant reversal will not occur. In
a sales transaction, where the Company acts as an agent, only the commission income or margin earned is included within the revenue. On
the other hand, in a sales transaction, where the Company acts as a principal, accordingly the consideration for the services/products sold is
recognized on gross basis with corresponding cost of goods sold being recorded as an expense. Revenue on sale of gift cards is recognized
only to the extent the Company’s performance obligation is met, which is on redemption/utilization.
Processing fees
On utilization/redemption of prepaid payment instruments, the Company receives commission which is recognised when services are
complete as per the agreed terms.
Service fee from merchants
The Company earns processing fee from merchants and recognises such revenue when services have been provided. Such service fee is
generally determined as a percentage of transaction value executed by the merchants.
Revenue from other services including registration/renewal, convenience fees is recognized when such services are completed / performed as
per the agreed terms.
Interest income
Interest income is recognised using the Effective Interest Rate (‘EIR’) method. The EIR is the rate that exactly discounts the estimated future
cash receipts through the expected life of the financial instrument or a shorter period, where appropriate to the gross carrying amount of the
financial assets or to the amortized cost of a financial liability but does not consider the expected credit loss. The EIR is computed basis the
expected cash flows by considering all the contractual terms of the financial instrument. The calculation includes all fees, transaction costs,
and all other premiums or discounts paid or received between parties to the contract that are an integral part of the effective interest rate.

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EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Textual information (41)
Description of accounting policy for segment reporting [Text Block]
40Segment information:
 
The Management Information System of the Company identifies and monitors payment services business as
the business segment. The Company is managed organizationally as a single unit. In the opinion of the
management, the Company is predominantly engaged in the business of payment related services and
payment instruments. As the basic nature of these activities are governed by the same set of risks and returns,
these constitute and are grouped as a single segment. Accordingly, there is only one Reportable Segment for
the Company which is "Payment Services", hence no specific disclosures have been made.
 
This is also inline with the way the operational results are reviewed by the Chief operating decision makers.
 
 
Entity wide disclosures
 
A.
Information about
products and services
During the year, the
Company primarily
operated in a single
business segment,
therefore service wise
revenue disclosure is not
applicable.
B.
Information about
geographical areas
The major services of the
Company are proivided to
the customers who are
domiciled in India. Also,
all the assets of the
Company are located in
India.
[610200] Notes - Corporate information and statement of IndAs compliance
Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
01/04/2018
to
31/03/2019
Disclosure of corporate information notes and other explanatory information
[TextBlock]
   Statement of Ind AS compliance [TextBlock]
Textual information (42)
[See below]
Textual information (43)
[See below]
Textual information (44)
[See below]
      Whether there is any departure from Ind AS No No
      Whether there are reclassifications to comparative amounts No No
      Disclosure of reclassifications or changes in presentation [TextBlock]
Textual information (45)
[See below]
      Disclosure of significant accounting policies [TextBlock]
Textual information (46)
[See below]

102. 102
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Textual information (42)
Statement of Ind AS compliance [Text Block]
These financial statements have been prepared in accordance with the accounting principles generally accepted in India including Indian
Accounting Standards (‘Ind AS’) specified under section 133 of the Companies Act, 2013 (the ‘Act’).
These financial statements were authorised for issue by the Company’s Board of Directors on October 30, 2021.
Textual information (43)
Statement of Ind AS compliance [Text Block]
These financial statements have been prepared in accordance with the accounting principles generally accepted in India including Indian
Accounting Standards (‘Ind AS’) specified under section 133 of the Companies Act, 2013 (the ‘Act’).
These financial statements were authorised for issue by the Company’s Board of Directors on October 30, 2021.
Textual information (44)
Statement of Ind AS compliance [Text Block]
These financial statements have been prepared in accordance with the accounting principles generally accepted in India including Indian
Accounting Standards (‘Ind AS’) specified under section 133 of the Companies Act, 2013 (the ‘Act’).
These financial statements were authorised for issue by the Company’s Board of Directors on October 30, 2021.

103. 103
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Textual information (45)
Disclosure of reclassifications or changes in presentation [Text Block]
50
Prior year adjustments
During the year, the Company has restated its comparative financial statements to account for the impact of revenue transactions from
sale of semi-closed loop co-branded cards (Gift Cards) which have now been recorded on gross basis. The semi-closed loop co-branded
gift cards business majorly picked up from Janaury 2020 onwards. Further, few other heads of other financial statements line items have
now been correctly grouped wherever considered necessary to make them comparable with those of the current year. The effect of
restatement due to above adjustment is summarised below:
Extract of Balance Sheet as at March 31, 2019
     
Particulars As previously reported Adjustment As restated
Liabilities
Trade payables 3,571.50 (2,885.80) 685.70
Other financial liabilities 9.78 2,928.48 2,938.26
Other current liabilities 6,059.86 (8.28) 6,051.58
Provisions 37.25 (34.40) 2.85
Extract of Balance Sheet as at March 31, 2020
     
Particulars As previously reported Adjustment As restated
Assets
Trade receivables 822.72 355.29 1,178.01
Other current financial assets 5,584.61 (518.33) 5,066.28
Other current assets 1,087.80 706.13 1,793.93
Liabilities
Trade payables 1,482.73 (578.76) 903.97
Other financial liabilities 28.11 922.15 950.26
Other current liabilities 5,205.00 635.76 5,840.76
Provisions 439.21 (436.06) 3.15
Extract of statement of profit and loss for the year ended March 31, 2020
     
Particulars As previously reportedAdjustmentAs restated
Revenue
Revenue from operations 24,941.54 11,319.2636,260.80
Cost
Purchase of stock-in-trade 17,090.52 11,667.8528,758.37
Finance costs 129.02 (62.78) 66.24

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EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Other expenses 7,614.28 (285.81)7,328.47
Extract of statement of cash flows for FY March 31, 2020
     
Particulars As previously reportedAdjustmentAs restated
Cash flows from operating activities (8,945.04) 3,649.58 (5,295.46)
Cash flows from investing activities 99.97 (132.37) (32.40)
Cash flows from financing activities (199.33) (3,517.22)(3,716.55)

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EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Textual information (46)
Disclosure of significant accounting policies [Text Block]
Ebix Payment Services Private Limited
Summary of significant accounting policies and other explanatory information for the year ended March 31, 2021
Background of the Company
Ebix Payment Services Private Limited (the ‘Company’) is a private company incorporated under the provisions of Indian Companies Act
having its registered office at 2nd floor, Manek plaza, kalina CST road, Kolekalyan, Santacruz (E) Mumbai City MH 400098 Maharashtra,
India. The Company is engaged in the business of providing payment solutions to customers through prepaid payment instruments say,
general purpose reloadable cards, gift cards etc. and facilitating distribution of gift and prepaid cards. The Company also facilitates utility and
other bill payment, and domestic money transfer services.
Significant accounting policies
Statement of compliance
These financial statements have been prepared in accordance with the accounting principles generally accepted in India including Indian
Accounting Standards (‘Ind AS’) specified under section 133 of the Companies Act, 2013 (the ‘Act’).
These financial statements were authorised for issue by the Company’s Board of Directors on October 30, 2021.
Basis of preparation
The financial statements have been prepared on the historical cost basis, except for certain financial instruments that are measured at fair
values at the end of each reporting period.
Functional and presentation currency
These financial statements are presented in Indian National Rupee (‘INR’ which is the Company’s functional currency.
Current and non-current classification
All assets and liabilities have been classified as current or non-current as per the Company’s operating cycle and other criteria set out in the
Schedule III (Division II) to the Act. Based on the nature of services and the time between the rendering of services and their realisation, the
Company has ascertained its operating cycle as twelve months for the purpose of current and non-current classification of assets and
liabilities.
An asset is classified as current when it is: a) Expected to be realised or intended to be sold or consumed in normal operating cycle, b) Held
primarily for the purpose of trading, c) Expected to be realised within twelve months after the reporting period, or d) Cash or cash equivalent
unless restricted from being exchanged or used to settle a liability for at least twelve months after the reporting period.
All other assets are classified as non-current.
A liability is classified as current when: a) It is expected to be settled in normal operating cycle, b) It is held primarily for the purpose of
trading, c) It is due to be settled within twelve months after the reporting period, or d) There is no unconditional right to defer the settlement
of the liability for at least twelve months after the reporting period.
All other liabilities are classified as non-current.
Deferred tax assets and liabilities are classified as non-current assets and liabilities.

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EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Use of Judgment and estimates
The Company is required to make estimates and assumptions that affect the reported amounts of assets, liabilities, disclosures of contingent
liabilities at the date of financial statement and the reported amounts of revenue and expenses during the reporting period.
Actual result could differ from those estimates. The Company basis its estimates on historical experience and on various other assumptions
that are believed to be reasonable, the result of which form the basis for making judgements about carrying values of assets and liabilities.
Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised prospectively.
Key accounting estimates
Useful life of property, plant and equipment (‘PPE’) and other intangible assets
The useful lives and residual values of PPE and intangible assets are determined by management at the time the asset is acquired and
reviewed at the end of each reporting period. The lives are based on historical experience with similar assets as well as anticipation of future
events, which may impact their life, such as changes in technology.
Provisions and contingent liabilities
A provision is recognised when the Company has a present obligation as a result of a past event and it is probable that an outflow of
resources will be required to settle the obligation, in respect of which a reliable estimate can be made. These are reviewed at each balance
sheet date and adjusted to reflect the current best estimates. Contingent liabilities are not recognised in the financial statements. Contingent
assets are neither recognized nor disclosed in the financial statements.
Defined benefit plans
The cost of the defined benefit plans and the present value of the defined benefit obligation are based on actuarial valuation using the
projected unit credit method. An actuarial valuation involves making various assumptions that may differ from actual developments in the
future. These include the determination of the discount rate, future salary increases and mortality rates. Due to the complexities involved in
the valuation and its long-term nature, a defined benefit obligation is highly sensitive to changes in these assumptions. All assumptions are
reviewed at each reporting date.
Expected credit losses on financial assets
The expected credit loss provision of financial assets is based on assumptions about risk of default and expected timing of collection. The
Company uses judgment in making these assumptions and selecting the inputs to the iv. Expected credit losses calculation, based on the
Company’s past history, customer’s creditworthiness, existing market conditions as well as forward looking estimates at the end of each
reporting period.
Property, plant and equipment:
Recognition and measurement
Items of property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment loss (if any). Cost
directly attributable to acquisition are capitalised until the property, plant and equipment are ready for use as intended by the management.
If significant parts of an item of property, plant and equipment have different useful lives, then they are accounted for as a separate item
(major components) of property, plant and equipment.
Any gain/loss on disposal of property, plant and equipment is recognised in profit and loss account on the date of disposal or retirement.
Subsequent expenditure is capitalized only if it is probable that the future economic benefits associated with the expenditure will flow to the
company and cost of the item can be measured reliably.
Depreciation methods, estimated useful lives and residual value

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EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Depreciation on PPE is calculated on Straight Line Method (‘SLM’) using the rates arrived at based on the estimated useful lives given in
Schedule II of the Companies Act, 2013 except for technical evaluation done by management’s experts for given below assets.
Assets category Useful life (in years)
Computers and peripherals 3 years
Furniture and fixtures 5 years
Office equipment 5 years
Leasehold Improvement Over the lease period
Depreciation method, useful lives and residual values are reviewed at each financial year end and changes, if any, are accounted for
prospectively.
The cost and related accumulated depreciation are eliminated from the financial statements upon sale or retirement of the asset and the
resultant gains or losses are recognised in the Statement of Profit and Loss.
Intangible assets
Intangible assets acquired separately are measured on initial recognition at historical cost. Intangibles assets having a finite useful life are
subsequently carried at cost less any accumulated amortization and accumulated impairment losses (if any). Subsequent expenditure is
capitalised only if it is probable that the future economic benefits associated with the expenditure will flow to the Company.
Amortisation method, estimated useful lives and residual value
Intangible assets with finite lives are amortised over the useful life and assessed for impairment whenever there is an indication that the
intangible asset may be impaired. The amortisation period and the amortisation method for an intangible asset with a finite useful life are
reviewed at least at the end of each reporting period.
The amortisation expense on intangible assets is recognised in the statement of profit and loss unless such expenditure forms part of carrying
value of another asset.
Gains or losses arising from de-recognition of an intangible asset are measured as the difference between the net disposal proceeds and the
carrying amount of the asset and are recognized in the statement of profit or loss when the asset is derecognised.
Assets category Useful life (in years)
Computer Softwares 3 years
Impairment of non-financial assets
The carrying amounts of the Company’s non-financial assets are reviewed at each reporting date to determine whether there is any indication
of impairment considering the provisions of Ind AS 36- ‘Impairment of Assets’. If any such indication exists, then the asset’s recoverable
amount is estimated.
The recoverable amount of an asset or cash-generating unit (‘CGU’) is the higher of its fair value less costs of disposal and its value in use. In
assessing value in use, the estimated future cash flows of asset or CGU are discounted to their present value using a pre-tax discount rate that
reflects current market assessments of the time value of money and the risks specific to the asset.
If no such transactions can be identified, an appropriate valuation model is used. These calculations are corroborated by valuation multiples,
quoted share price for publicly traded companies or other available fair valuation indicators.
For the purpose of impairment testing, assets that cannot be tested individually are grouped together into the smallest group of assets that
generate cash inflows from continuing use that are largely independent of the cash inflows of other assets or groups of assets (the

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EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
‘cash-generating unit’ or ‘CGU’)
An impairment loss is recognised if the carrying amount of an asset or its CGU exceeds its estimated recoverable amount. Impairment losses
are recognized in profit or loss. Impairment losses recognised in respect of CGUs are reduced from the carrying amounts of the assets of the
CGU.
An assessment is made at each reporting date to determine whether there is an indication that previously recognised impairment losses no
longer exist or have decreased. If such indication exists, the Company estimates the asset’s or CGU’s recoverable amount. A previously
recognised impairment loss is reversed only if there has been a change in the assumptions used to determine the asset’s or CGU’s recoverable
amount since the last impairment loss was recognized.
The reversal is limited so that the carrying amount of the assets does not exceed its recoverable amount, nor exceed the carrying amount that
would have been determined, net of depreciation, had no impairment loss has been recognised for the asset in prior years. Such reversal is
recognised in the Statement of profit or loss.
Financial instruments
A financial instrument is any contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another
entity.
Financial assets
Initial recognition and measurement
The Company recognises financial assets and financial liabilities when it becomes a party to the contractual provisions of the instrument. All
financial assets and liabilities are recognised at fair value on initial recognition, except for trade receivables which are initially measured at
transaction price. Transaction costs that are directly attributable to the acquisition or issue of financial assets and financial liabilities, which
are not at fair value through profit or loss, are added to the fair value on initial recognition. Regular way purchase and sale of financial assets
are accounted for at trade rate.
Subsequent measurement
For the purpose of subsequent measurement, financial assets are classified in four categories:
Debt instruments at amortized cost
Debt instrument at fair value through Other Comprehensive Income (FVTOCI)
Debt instrument, derivatives and equity instruments at fair value through profit and loss (FVTPL)
Equity Instrument measured at fair value through Other Comprehensive Income (FVTOCI)
Debt instruments at amortized cost
A financial asset is measured at amortized cost only if both of the following conditions are met:
- it is held within a business model whose objective is to hold assets in order to collect contractual cash flows.
- the contractual terms of the financial asset represent contractual cash flows that are solely payments of principal and interest.
After initial measurement, such financial assets are subsequently measured at amortized cost using the EIR (effective interest rate) method.
Amortized cost is calculated by taking into account any discount or premium on acquisition and fees or costs that are an integral part of the
EIR. The EIR amortization is included as finance income in the profit or loss. The losses arising from impairment are recognized in the profit
or loss.
Debt instrument at fair value through Other Comprehensive Income (FVTOCI)

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EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
A ‘debt instrument’ is classified as at the FVTOCI if both of the following criteria are met:
-The objective of the business model is achieved both by collecting contractual cash flows and selling the financial assets, and
-The asset’s contractual cash flows represent solely payments of principal and interest
Debt instruments included within the FVTOCI category are measured initially as well as at each reporting date at fair value. Fair value
movements are recognized in the OCI. However, the Company recognizes interest income, impairment losses & reversals and foreign
exchange gain or loss in the profit and loss. On derecognition of the asset, cumulative gain or loss previously recognized in OCI is
reclassified from the equity to profit and loss. Interest earned whilst holding FVTOCI debt instrument is reported as interest income using the
EIR method.
Debt instrument at fair value through profit and loss (FVTPL)
Any debt instrument, which does not meet the criteria for categorization as at amortized cost or as FVOCI, is classified as at FVTPL.
In addition, the Company may elect to classify a debt instrument, which otherwise meets amortized cost or FVTOCI criteria, as at FVTPL.
However, such election is allowed only if doing so reduces or eliminates a measurement or recognition inconsistency (referred to as
‘accounting mismatch’).
Debt instruments included within the FVTPL category are measured at fair value with all changes recognized in the statement of profit and
loss.
Equity Instrument measured at fair value through Other Comprehensive Income (FVTOCI)
All equity instruments in scope of Ind AS 109 are measured at fair value. Equity instruments which are held for trading are classified as at
FVTPL. For all other equity instruments, the Company may make an irrevocable election to present subsequent changes in the fair value in
OCI. The Company makes such election on an instrument-by-instrument basis. The classification is made on initial recognition and is
irrevocable.
If the Company decides to classify an equity instrument as at FVTOCI, then all fair value changes on the instrument, including foreign
exchange gain or loss and excluding dividends, are recognized in the OCI. There is no recycling of the amounts from OCI to profit or loss,
even on sale of investment. However, the Company may transfer the cumulative gain or loss within equity.
Equity instruments included within the FVTPL category are measured at fair value with all changes recognized in the profit or loss.
Derecognition of financial assets
A financial asset (or, where applicable, a part of a financial asset or part of a group of similar financial assets) is primarily derecognized (i.e.
removed from the company’s balance sheet) when:
The rights to receive cash flows from the asset have expired, or
The Company has transferred its rights to receive cash flows from the asset or has assumed an obligation to pay the received cash flows in
full without material delay to a third party under a ‘pass-through’ arrangement; and either (a) the Company has transferred substantially all
the risks and rewards of the asset, or (b) the Company has neither transferred nor retained substantially all the risks and rewards of the asset,
but has transferred control of the asset.
When the Company has transferred its rights to receive cash flows from an asset or has entered into a pass-through arrangement, it evaluates
if and to what extent it has retained the risks and rewards of ownership.
When it has neither transferred nor retained substantially all of the risks and rewards of the asset, nor transferred control of the asset, the
Company continues to recognize the transferred asset to the extent of the Company’s continuing involvement. In that case, the company also
recognizes an associated liability. The transferred asset and the associated liability are measured on a basis that reflects the rights and
obligations that the company has retained.

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EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Continuing involvement that takes the form of a guarantee over the transferred asset is measured at the lower of the original carrying amount
of the asset and the maximum amount of consideration that the company could be required to repay.
On derecognition of a financial asset, the difference between the carrying amount of the asset (or the carrying amount allocated to the portion
of the asset de-recognized) and the sum of (i) the consideration received (including any new asset obtained less any new liability assumed)
and (ii) any cumulative gain or loss that had been recognized in OCI is recognized in profit or loss.
Impairment of financial assets
The Company assesses on a forward-looking basis, the expected credit losses associated with the assets carried at amortized cost and FVOCI
debt instruments. The impairment methodology applied depends on whether there has been a significant increase in credit risk since initial
recognition. If credit risk has not increased significantly, 12-month ECL is used to provide for impairment loss. However, if credit risk has
increased significantly, lifetime ECL is used. If, in a subsequent period, credit quality of the instrument improves such that there is no longer
a significant increase in credit risk since initial recognition, then the entity reverts to recognising impairment loss allowance based on
12-month ECL.
For trade receivables, the Company applies the simplified approach permitted by Ind AS 109 “Financial Instruments” which requires
expected lifetime losses to be recognized from initial recognition of trade receivables and unbilled revenue. The Company uses historical
default rates to determine impairment loss on the portfolio of trade receivables. At every reporting date, these historical default rates are
reviewed and changes in the forward-looking estimates are analyzed.
Financial liabilities
Initial recognition and measurement
Financial liabilities are classified as measured at amortised cost or FVTPL. A financial liability is classified as at FVTPL if it is classified as
held for trading, or it is a derivative or it is designated as such on initial recognition. Financial liabilities at FVTPL are measured at fair value
and net gains and losses, including any interest expense, are recognised in statement of profit and loss. Other financial liabilities are
subsequently measured at amortised cost using the effective interest method. Interest expense and foreign exchange gains and losses are
recognised in statement of profit and loss. Any gain or loss on derecognition is also recognised in statement of profit and loss.
Subsequent measurement
The measurement of financial liabilities depends on their classification, as described below:
Financial Liabilities measured at amortised cost
After initial recognition, interest-bearing loans and borrowings are subsequently measured at amortized cost using the EIR method. Gains
and losses are recognised in profit or loss when the liabilities are derecognised as well as through the EIR amortisation process.
Amortized cost is calculated by taking into account any discount or premium on acquisition and fees or costs that are an integral part of the
EIR. The EIR amortization is included as finance costs in the statement of profit and loss.
Financial liabilities at fair value through profit or loss
Financial liabilities at fair value through profit or loss include financial liabilities held for trading and financial liabilities designated upon
initial recognition as at fair value through profit or loss. Financial liabilities are classified as held for trading if they are incurred for the
purpose of repurchasing in the near term.
Derecognition of financial liabilities
A financial liability is derecognized when the obligation under the liability is discharged or cancelled or expires. When an existing financial
liability is replaced by another from the same lender on substantially different terms, or the terms of an existing liability are substantially
modified, such an exchange or modification is treated as the derecognition of the original liability and the recognition of a new liability. The
difference in the respective carrying amounts is recognized in the statement of profit and loss.
Revenue recognition

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EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Revenue is measured based on the consideration specified in a contract with a customer net of variable consideration e.g. discounts, volume
rebate, any payment made to a customer (unless the payment is for a distinct good or services received from the customer) and excludes
amount collected on behalf of third parties. The Company recognises revenue when it transfers control over a product or service to a
customer. The amount of revenue recognised at an amount that reflects the consideration to which the Company expect to be entitled to in
exchange for the goods/services. Revenue is only recognized to the extent that is highly probable that a significant reversal will not occur. In
a sales transaction, where the Company acts as an agent, only the commission income or margin earned is included within the revenue. On
the other hand, in a sales transaction, where the Company acts as a principal, accordingly the consideration for the services/products sold is
recognized on gross basis with corresponding cost of goods sold being recorded as an expense. Revenue on sale of gift cards is recognized
only to the extent the Company’s performance obligation is met, which is on redemption/utilization.
Processing fees
On utilization/redemption of prepaid payment instruments, the Company receives commission which is recognised when services are
complete as per the agreed terms.
Service fee from merchants
The Company earns processing fee from merchants and recognises such revenue when services have been provided. Such service fee is
generally determined as a percentage of transaction value executed by the merchants.
Revenue from other services including registration/renewal, convenience fees is recognized when such services are completed / performed as
per the agreed terms.
Interest income
Interest income is recognised using the Effective Interest Rate (‘EIR’) method. The EIR is the rate that exactly discounts the estimated future
cash receipts through the expected life of the financial instrument or a shorter period, where appropriate to the gross carrying amount of the
financial assets or to the amortized cost of a financial liability but does not consider the expected credit loss. The EIR is computed basis the
expected cash flows by considering all the contractual terms of the financial instrument. The calculation includes all fees, transaction costs,
and all other premiums or discounts paid or received between parties to the contract that are an integral part of the effective interest rate.
Foreign currency transactions
Foreign currency transactions are recorded at the exchange rate prevailing on the date of the transaction. Monetary items denominated in
foreign currencies outstanding at the year-end are translated at exchange rates applicable on year end date. Non-monetary items denominated
in foreign currency, are valued at the exchange rate prevailing on the date of transaction and carried at cost. Any gains or losses arising due to
exchange differences arising on translation or settlement are accounted for in the Statement of Profit and Loss.
Employee benefits
Short term employee benefits
Liabilities for salaries, including other monetary and non-monetary benefits that are expected to be settled wholly within 12 months after the
end of the period in which the employees render the related service are recognised in respect of employees’ services up to the end of the
reporting period and are measured at the amounts expected to be paid when the liabilities are settled. The liabilities are presented as current
employee benefit payable under other financial liabilities.
Defined contribution plans
Obligations for contributions to defined contribution plans (Contribution to Provident Fund) are recognized in Statement of profit and loss,
when the employee rendered related service. The Company has no further obligations under these plans beyond its periodic contributions.
Defined benefit plans
The Company’s net obligation in respect of defined benefit plan is calculated by estimating the amount of future benefit that employees have
earned in the current and prior periods, discounting that amount and deducting the fair value of any plan assets. The calculation of defined
benefit obligations is performed annually by a qualified actuary using the projected unit credit method. When the calculation results in a
potential asset for the Company, the recognised asset is limited to the present value of economic benefits available in the form of any future
refunds from the plan or reductions in future contributions to the plan. Re-measurement of the net defined benefit liability, which comprise
actuarial gains and losses, the return on plan assets (excluding interest) and the effect of the asset ceiling (if any, excluding interest), are

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EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
recognized immediately in Other Comprehensive Income. Re-measurement are not reclassified to profit or loss in the subsequent periods. Net
interest expense (income) on the net defined liability (assets) is computed by applying the discount rate, used to measure the net defined
liability (asset), to the net defined liability (asset) at the start of the financial year after taking into account any changes as a result of
contribution and benefit payments during the year. Net interest expense and other expenses related to defined benefit plans are recognised in

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EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
profit or loss. When the benefits of a plan are changed or when a plan is curtailed, the resulting change in benefit that relates to past service
or the gain or loss on curtailment is recognised immediately in profit or loss. The Company recognizes gains and losses on the settlement of a
defined benefit plan when the settlement occurs.
d. Other long-term employee benefits
The Company’s net obligation in respect of long-term employee benefits other than post-employment benefits is the amount of future benefit
that employees have earned in return for their service in the current and prior periods; that benefit is discounted to determine its present
value. The obligation is measured on the basis of an annual independent actuarial valuation using the projected unit credit method.
Remeasurements gains or losses are recognised in statement of profit or loss in the period in which they arise. Expenses related to other
long-term employee benefits are recognised in statement of profit or loss under ‘Employee benefits expense’.
Long-term compensated absences: Long-term compensated absences are provided for on the basis of its actuarial valuation as per the
projected unit credit method as on the Balance Sheet date.
Income tax
Income tax expense comprises current and deferred tax. It is recognised in statement of profit and loss except to the extent that it relates to
items recognised directly in equity or in other comprehensive income.
a. Current tax
The current income tax charge is calculated based on the tax laws enacted or substantively enacted at the end of the reporting period in India,
where the Company operate and generate taxable income. The Company creates provisions where appropriate on the basis of amounts
expected to be paid to the tax authorities.
Current tax assets and current tax liabilities are offset only if there is a legally enforceable right to set off the recognised amounts, and it is
intended to realise the asset and settle the liability on a net basis or simultaneously.
b. Deferred tax
Deferred tax is provided in full, using the liability method, on temporary differences arising between the tax bases of assets and liabilities and
their carrying amounts in the financial statements. Deferred income tax is determined using tax rates (and laws) that have been enacted or
substantially enacted by the end of the reporting period and are expected to apply when the related deferred income tax asset is realised or the
deferred income tax liability is settled. Deferred tax assets are recognised for all deductible temporary differences only if it is probable that
future taxable amounts will be available to utilise those temporary differences and losses.
Deferred tax assets and liabilities are offset when there is a legally enforceable right to offset current tax assets and liabilities and when the
deferred tax balances relate to the same taxation authority.
Current and deferred tax is recognised in Statement of Profit and Loss, except to the extent that it relates to items recognised in other
comprehensive income or directly in equity. In this case, the tax is also recognised in other comprehensive income or directly in equity,
respectively.
Deferred tax assets are recognised to the extent that it is probable that future taxable profits will be available against which they can be used.
In case of a history of recent losses, the Company recognises a deferred tax asset only to the extent that it has sufficient taxable temporary
differences or there is convincing other evidence that sufficient taxable profit will be available against which such deferred tax asset can be
realised. Deferred tax assets – unrecognised or recognised, are reviewed at each reporting date and are recognised/ reduced to the extent that
it is probable/ no longer probable respectively that the related tax benefit will be realized.
Provisions, contingent liabilities and contingent assets
Provisions are recognized when the Company has a present legal or constructive obligation as a result of past events, it is probable that an
outflow of resources will be required to settle the obligation and the amount can be reliably estimated. Provisions are not recognized for
future operating losses.
Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering
the class of obligations as a whole. A provision is recognized even if the likelihood of an outflow with respect to any one item included in the
same class of obligations may be small.

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EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Provisions are measured at the present value of management’s best estimate of the expenditure required to settle the present obligation at the
end of the reporting period. The discount rate used to determine the present value is a pre-tax rate that reflects current market assessments of
the time value of money and the risks specific to the liability. The increase in the provision due to the passage of time is recognized as
finance cost.
Contingent liabilities are possible obligations that arise from past events and whose existence will only be confirmed by the occurrence or
non-occurrence of one or more future events not wholly within the control of the Company. Where it is not probable that an outflow of
economic benefits will be required, or the amount cannot be estimated reliably, the obligation is disclosed as a contingent liability, unless the
probability of outflow of economic benefits is remote. Contingent liabilities are disclosed on the basis of judgement of the
management/independent experts. These are reviewed at each balance sheet date and are adjusted to reflect the current management estimate.
Contingent assets are possible assets that arise from past events and whose existence will be confirmed only by the occurrence or
non-occurrence of one or more uncertain future events not wholly within the control of the Company. Contingent assets are disclosed in the
financial statements when inflow of economic benefits is probable on the basis of judgement of management. These are assessed continually
to ensure that developments are appropriately reflected in the financial statements.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand and short-term deposits with original maturities of three months or less that are
readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value.
Leases
The Company assesses whether a contract contain a lease, at inception of contract. A contract is, or contains, a lease if the contract conveys
the right to control the use of an identified asset for a period of time in exchange for consideration.
To assess whether a contract conveys the right to control the use of an identified asset, the Company assesses whether : (i) the contract
involves the use of an identified asset (ii) the Company has substantially all of the economic benefits from use of the asset through the period
of lease and (iii) the Company has the right to direct the use of the asset.
Company as a lessee
The Company accounts for each lease component within the contract as a lease separately from non-lease components of the contract and
allocates the consideration in the contract to each lease component on the basis of the relative stand-alone price of the lease component and
the aggregate stand-alone price of the non-lease components.
The Company recognises right-of-use asset representing its right to use the underlying asset for the lease term at the lease commencement
date. The cost of the right-of-use asset measured at inception shall comprise of the amount of the initial measurement of the lease liability
adjusted for any lease payments made at or before the commencement date less any lease incentives received, plus any initial direct costs
incurred and an estimate of costs to be incurred by the lessee in dismantling and removing the underlying asset or restoring the underlying
asset or site on which it is located. The right-of-use assets is subsequently measured at cost less any accumulated depreciation, accumulated
impairment losses, if any and adjusted for any remeasurement of the lease liability. The right-of-use assets is depreciated using the
straight-line method from the commencement date over the shorter of lease term or useful life of right-of-use asset. Right-of-use assets are
tested for impairment whenever there is any indication that their carrying amounts may not be recoverable. Impairment loss, if any, is
recognized in the statement of profit and loss. For the purpose of impairment testing, the recoverable amount (i.e. the higher of the fair value
less cost to sell and value in use) is determined on an individual asset basis, unless the asset does not generate cash flows that are largely
independent of those from other assets. In such cases the recoverable amount is determined for the cash generating units to which the asset
belong.
The Company measures the lease liability at the present value of the lease payments that are not paid at the commencement date of the lease.
The lease payments are discounted using the interest rate implicit in the lease, if that rate can be readily determined. If that rate cannot be
readily determined, the Company uses incremental borrowing rate in the country of domicile of these lease. For leases with reasonably
similar characteristics, the Company, on a lease by lease basis, may adopt either the incremental borrowing rate specific to the lease or the
incremental borrowing rate for the portfolio as a whole. The lease payments shall include fixed payments, variable lease payments, residual
value guarantees, exercise price of a purchase option where the Company is reasonably certain to exercise that option and payments of
penalties for terminating the lease, if the lease term reflects the lessee exercising an option to terminate the lease.
The lease liability is subsequently remeasured by increasing the carrying amount to reflect interest on the lease liability, reducing the carrying
amount to reflect the lease payments made and remeasuring the carrying amount to reflect any reassessment or lease modifications or to
reflect revised in-substance fixed lease payments. The company recognizes the amount of the re-measurement of lease liability due to
modification as an adjustment to the right-of-use asset and statement of profit and loss depending upon the nature of modification. Where the
carrying amount of the right-of-use asset is reduced to zero and there is a further reduction in the measurement of the lease liability, the
Company recognizes any remaining amount of the re-measurement in statement of profit and loss.

115. 115
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
The Company has elected not to apply the requirements of Ind AS 116 Leases to short-term leases of all assets that have a lease term of 12
months or less and leases for which the underlying asset is of low value. The lease payments associated with these leases are recognized as an
expense on a straight-line basis over the lease term.
Operating segments
In accordance with Ind AS 108, the operating segments used to present segment information are identified on the basis of internal reports
used by the Company’s management to allocate resources to the segments and assess their performance. The indicators used for internal
reporting purposes may evolve in connection with performance assessment measures put in place.
Earnings per share
Basic earnings per equity share are computed by dividing the net profit or loss attributable to equity shareholders of the Company by the
weighted average number of equity shares outstanding during the financial year.
Diluted earnings per equity share is computed by dividing the net profit or loss attributable to equity shareholders of the Company by the
weighted average number of equity shares considered for deriving basic earnings per equity share and also the weighted average number of
equity shares that could have been issued upon conversion of all dilutive potential equity shares.
Inventories
Inventories comprising traded prepaid payment instruments. Inventories are valued at the lower of cost and net realisable value. The cost of
inventories comprises cost of purchase (net of recoverable taxes where applicable). Net realisable value (NRV) is the estimated selling price
in the ordinary course of business, less and estimated costs necessary to make the sale. Provisions/write-downs for obsolescence and
slow-moving inventory are made, wherever necessary and inventory is stated net of such provisions/write-downs.
Recent pronouncements
On March 24, 2021, the Ministry of Corporate Affairs (“MCA”) through a notification, amended Schedule III of the Companies Act, 2013.
The amendments revise Division I, II and III of Schedule III and are applicable from April 1, 2021. Key amendments relating to Division II
which relate to companies whose financial statements are required to comply with Companies (Indian Accounting Standards) Rules 2015 are:
Balance sheet
a) Lease liabilities should be separately disclosed under the head ‘financial liabilities’, duly distinguished as current or non-current.
b) Certain additional disclosures in the statement of changes in equity such as changes in equity share capital due to prior period errors and
restated balances at the beginning of the current reporting period.
c) Specified format for disclosure of shareholding of promoters.
d) Specified format for ageing schedule of trade receivables, trade payables, capital work-in-progress and intangible asset under
development.
e) If a company has not used funds for the specific purpose for which it was borrowed from banks and financial institutions, then disclosure
of details of where it has been used.
f) Specific disclosure under ‘additional regulatory requirement’ such as compliance with approved schemes of arrangements, compliance
with number of layers of companies, title deeds of immovable property not held in name of company, loans and advances to promoters,
directors, key managerial personnel (KMP) and related parties, details of benami property held etc.
Statement of Profit and Loss
a) Additional disclosures relating to Corporate Social Responsibility (CSR), undisclosed income and crypto or virtual currency specified
under the head ‘additional information’ in the notes forming part of the standalone financial statements.

116. 116
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
The amendments are extensive and the Company will evaluate the same to give effect to them as required by law.
Ebix Payment Services Private Limited
Summary of significant accounting policies and other explanatory information for the year ended March 31, 2021
(All Amounts in INR lakhs unless otherwise stated )
38
Disclosure under the Micro, Small
and Medium Enterprises
Development Act, 2006 (27 of
2006) (“MSMED Act, 2006”)
       
       
S.No. Particulars
March
31,
2021
March
31,
2020
April
01,
2019
i
the principal amount and the interest due thereon remaining unpaid to any
supplier as at the end of each accounting year;
- - -
ii
the amount of interest paid by the buyer in terms of Section 16 of MSMED Act,
2006 along with the amount of the payment made to the supplier beyond the
appointed day during each accounting year;
- - -
iii
the amount of interest due and payable for the period of delay in making
payment (which have been paid but beyond the appointed day during the year)
but without adding the interest specified under this Act;
- - -
iv
the amount of interest accrued and remaining unpaid at the end of each
accounting year; and
- - -
v
the amount of further interest remaining due and payable even in the
succeeding years, until such date when the interest dues as above are actually
paid to the small enterprise, for the purpose of disallowance as a deductible
expenditure under Section 23 of MSMED Act, 2006.
- - -
39Contingent liabilities, contingent assets and commitments
   
   
A.Contingent liabilities
   
   
Particulars
March
31, 2021
March
31, 2020
Claim against the Company not acknowledged as debts- service tax** 1,068.181,068.18
   
** These litigations relate to the period preceding the date of acquisition of the Company (refer note 47 for details)
and management believes that any demand thereon shall be reimbursed by the erstwhile owners of the Company.
   
   
B.Capital and other commitments
   
Estimated amount of contracts on capital account and other commitments remaining to be executed and not provided
for in accounts is Nil (March 31,2020 : INR 25.65 Lacs)
   
40Segment information:
     
The Management Information System of the Company identifies and monitors payment
services business as the business segment. The Company is managed organizationally as a
single unit. In the opinion of the management, the Company is predominantly engaged in
the business of payment related services and payment instruments. As the basic nature of
     

117. 117
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
these activities are governed by the same set of risks and returns, these constitute and are
grouped as a single segment. Accordingly, there is only one Reportable Segment for the
Company which is "Payment Services", hence no specific disclosures have been made.
This is also inline with the way the operational results are reviewed by the Chief operating
decision makers.
     
     
Entity wide disclosures
     
   
A.
Information about
products and services
   
During the year, the
Company primarily
operated in a single
business segment,
therefore service wise
revenue disclosure is
not applicable.
   
   
B.
Information about
geographical areas
   
The major services of
the Company are
proivided to the
customers who are
domiciled in India.
Also, all the assets of
the Company are
located in India.
   
   
C.
Information about
major customers (from
external customers)
   
The Company derives
revenues from the
following customers
which amount to 10
per cent or more of a
Company’s revenues:
   
   
Customer
March
31, 2021
March
31, 2020
Prepay Payment
Services Pvt Ltd
33,265.686,597.63
Epocket Online
Payments Private
Limited
35,604.18-
Madison Incentives
Managemennt Pvt. Ltd
- 3,215.72
41
Related party
disclosures
   
I List of related parties
A. Name and nature of relationship with the related party where control exists:

118. 118
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Ebix Inc. USA - Ultimate Holding Company
Ebixcash Private Limited (Formerly Ebix Software India Private Limited)- Holding Company
ItzCash Payment Solutions Limited - Wholly Owned Subsidiary Company
B.
Fellow subsidiaries of Holding Company or Ultimate Holding Company with whom transactions took
place during current year or previous year
 
Ebix Travels Private Limited
Ebix Smartclass Educational Services Private Limited
Leisure Corp Private Limited
Ebix Money Express Private Limited
Ebix Travel & Holidays Limited (Formerly Mercury Travels Limited)
Ebixcash World Money Limited
Ebix Asia Pacific FZE LLC
C. Key Management Personnel (KMP)
Mr. Robin Raina Director
Mr. Vikas Verma Director
Mr. Satya Bushan Kotru Director
Mr. Sumit Khadria (w.e.f 16 August 2019) Director
Mr. Guruprasad Tiruvanamalai Chandrashekran (w.e.f 16 August 2019) Director
Mr. Rahul Nemichand Chopra
Company
Secretary
IITransactions with related parties are as follow:
   
Particulars March 31, 2021March 31, 2020
Ebixcash Private Limited (Formerly Ebix Software India Private Limited)
Inter-corporate deposits given 5,145.00 11,928.70
Interest income on inter-corporate deposits given 27.82 8.80
Interest cost on inter-corporate deposits taken 24.78 -
Ebix Asia Pacific FZE LLC
Sale of gift cards - 1,849.30
Ebix Inc. USA
Sale of gift cards 161.37 -
Ebix Travels Private Limited
Purchase of tickets using portal of Ebix Travels Private Limited 4,815.15 9,543.33
Sale of gift cards 19.18 11.82
Inter- corporate deposits taken - 2,000.00

119. 119
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Inter-corporate deposits repaid - 2,000.00
Inter-corporate deposits given - 300.00
Inter-corporate deposits repaid 300.00 -
Interest cost on inter-corporate deposits taken - 31.23
Interest income on inter-corporate deposits given - 4.50
Commission paid 93.29 252.79
Ebix Smartclass Educational Services Private Limited
Sale of gift cards 8.04 64.31
Ebix Money Express Private Limited
Sale of gift cards 1.90 -
Trade advances converted in to inter-corporate deposits - 900.00
Inter-corporate deposits given 49,430.00 38,450.43
Inter-corporate deposits repaid 51,980.00 36,070.43
Interest income on inter-corporate deposits given 120.25 134.04
Interest cost on inter-corporate deposits taken 10.98 -
Leisure Corp Private Limited
Sale of gift cards 23.72 22.46
Inter-corporate deposits given - 200.00
Inter-corporate deposits repaid - 200.00
Interest income on inter-corporate deposits given - 10.85
Ebix Travel & Holidays Limited (Formerly Mercury Travels Limited)
Travelling expenses 2.38 25.06
Inter-corporate deposits given - 80.00
Inter-corporate deposits repaid - 80.00
Interest income on inter-corporate deposits given - 0.08
EbixCash World Money Limited
Inter-corporate deposits given 630.00 -
Inter-corporate deposits repaid 630.00 -
Interest income on inter-corporate deposits given 9.49 -
Remuneration
Mr. Rahul Nemichand Chopra 4.20 5.24
Balance outstanding at year end March 31,March 31,April 01,

120. 120
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
2021 2020 2019
Receivable/ (payable)
Interactive Financial & Trading Services Private Limited - - 421.13
Interactive Tradex India Pvt Ltd - - 429.17
Ebix Travels Private Limited (507.75)277.32 -
Ebix Smartclass Educational Services Pvt Ltd 8.03 2.26 2.73
Ebix Money Express Private Limited 951.71 3,400.64900.00
Leisure Corp Private Limited 9.76 28.96 200.00
Ebix Travel & Holidays Limited (Formerly Mercury Travels Limited) 0.50 (2.35) -
EbixCash World Money Limited (9.60) - -
Ebixcash Private Limited (Formerly Ebix Software India Private Limited) 110.74 5.11 -
Transactions with related parties have been disclosed from or upto the date, the parties
became/remain as related parties.
     
42
Details of Loans given, inter corporate deposit, investments made and guarantee given
covered U/s 186(4) of the Companies Act, 2013.
       
       
` March
31, 2020
Deposit
given
Deposit
recovered
March
31, 2021
Inter corporate deposit given
Ebix Money Express Private Limited 3,280.0049,430.0051,980.00730.00
Ebixcash Private Limited - 5,145.005,045.00100.00
Ebix Cash World Money Limited - 630.00630.00-
Ebix Travels Private Limited 300.00- 300.00-
Total 3,580.0055,205.0057,955.00830.00
Particulars
April 01,
2019
Deposit
given
Deposit
recovered
March
31, 2020
Inter corporate deposit given
Ebix Money Express Private Limited - 39,350.4336,070.433,280.00
Ebixcash Private Limited - 11,928.7011,928.70-
Leisure Corporate Private Limited - 200.00200.00-
Ebix Travel & Holidays Limited (previous name "Mercury Travels Limited")- 80.0080.00 -
Ebix Travels Private Limited - 300.00- 300.00
Total - 51,859.1348,279.133,580.00
Inter corporate deposits are provided for business purpose of borrower and are repayable on
demand.
       
Notes:
       

121. 121
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
(i) All above Inter corporate deposits are given at an interest rate of 8.5% p.a.(March 31,
2020: 9% p.a, April 01, 2019: 7% p.a.)
       
(ii) All the above loans are provided for business purpose of respective entities, repayable
on demand with repayment option to the borrowers
       
43Employee benefits
       
       
The Company contributes to the following post employment benefit plans in India
       
       
Defined contribution plan:
       
The Company's contribution to provident and other funds amounts to INR 26.80 lakhs (March 31,
2020: INR 52.63 lakhs). The obligation of the Company is limited to the amount contributed and it
has no further contractual and / or constructive obligation.
       
Post employment benefit obligation:
       
The Company has a defined benefit gratuity plan. Every employee who has completed five years or
more of service is entitled to Gratuity on terms not less favourable than the provisions of the
Payment of Gratuity Act, 1972. The scheme is funded with "New Group Gratuity Cash
Accumulation Plan" managed by Life Insurance Corporation of India.
       
The most recent actuarial valuation of plan assets and the present value of the defined benefit
obligation for gratuity were carried out as at 31 March 2021. The present value of the defined
benefit obligations and the related current service cost and past service cost, were measured using
the Projected Unit Credit Method.
       
The amount recognised in the balance sheet and the movement in the net defined obligation over
the year are as follows :
       
March
31, 2021
March
31,
2020
April 01,
2019
 
(i)Net defined benefit asset/ (liability)
 
Defined benefit obligation 137.29136.59119.29
 
Fair value of plan assets 91.67106.79109.10
 
Plan liability 45.6229.8010.19
 
 
Fair value of planned (liability) /assets
 
Non-Current 42.4926.65
 
Current 3.13 3.15
 
 
 
March
31, 2021
March
31,
2020
 
(ii)Net defined benefit expenses (recognised in statement of profit and loss)
 
Current service cost 14.6616.07
 
Net interest cost on defined benefit obligations 2.06 0.78
 
Net benefit expenses 16.7216.85
 
 

122. 122
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
(iii)Remeasurement (gains) /loss recognised in other comprehensive income (OCI)
March
31, 2021
March
31,
2020
 
 
Actuarial (gain) /loss for the year on present defined benefit obligation (1.08)1.78
 
Actuarial loss for the year on asset 0.18 0.98
 
Actuarial (gain)/loss recognised in OCI (0.90)2.76
 
 
 
(iv)(a) Changes in present value of the defined benefit obligation as follows:
       
 
Particulars
March
31, 2021
March
31,
2020
 
Opening defined benefit obligation 136.59119.29
 
Interest cost on the defined benefit obligation 9.45 9.14
 
Current service cost 14.6616.07
 
Actuarial (gain)/loss on obligation (1.07)1.78
 
Benefits paid (22.33)(9.69)
 
Closing defined benefit obligation 137.29136.59
 
 
(b) Changes in the fair value of plan assets are as follows:
 
 
Particulars
March
31, 2021
March
31,
2020
 
Fair value of plan assets at beginning of the year 106.79109.10
 
Return on plan assets 7.36 7.62
 
FMC charges (0.15)(0.25)
 
Benefits paid (23.33)(9.69)
 
Fair value of plan asset at end of the year 90.67106.79
 
 
(c) Net defined benefit asset /(liability)
       
 
Particulars
March
31, 2021
March
31,
2020
April 01,
2019
 
Present value of defined benefit obligation 137.29136.59119.29
 
Fair value of plan asset 90.67106.79109.1
 
Unfunded liability / provision in Balance sheet 46.6229.8010.19
 
 
(e) Investment Details:
 

123. 123
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Funds managed by insurer (investment with insurer) 100% 100%
 
 
 
(f) Actuarial assumptions used in determining gratuity obligation for the Company's plan are shown
below:
       
 
 
Particulars
March
31, 2021
March
31,
2020
April 01,
2019
 
Discount rate 6.92%6.92%6.92%
 
Salary escalation rate 6.00%6.00%6.00%
 
 
The estimates of rate of escalation in salary considered in actuarial valuation, take into account
inflation, seniority, promotion and other relevant factors including supply and demand in the
employment market. The above information is certified by the actuary.
       
The expected rate of return on plan assets is determined considering several applicable factors,
mainly the composition of plan assets held, assessed risks, historical results of the return on plan
assets and the Company’s policy for plan asset management.
       
The expected contributions for defined benefit plan for the next financial year will be in line with
FY 2020-21
       
       
(g) Maturity profile of defined benefit obligations
       
Year
March
31, 2021
March
31,
2020
   
0 to 1 Year 3.14 31.5
   
1 to 2 Year 4.79 2.85
   
2 to 3 Year 2.87 4.35
   
3 to 4 Year 5.06 2.83
   
4 to 5 Year 2.77 4.75
   
5 to 6 Year 3.49 2.74
   
6 Year onwards 115.18115.93
   
   
(h) Sensitivity analysis:
   
Significant actuarial assumptions for the determination of the defined benefit obligation are
discount rate, expected salary increase and employee turnover. The sensitivity analysis below, have
been determined based on reasonably possible changes of the assumptions occurring at end of the
reporting period, while holding all other assumptions constant. The result of sensitivity analysis is
given below:
       
     
Particulars
March
31, 2021
  March
31, 2020
 
Increase DecreaseIncreaseDecrease
Change in discounting rate (delta effect of +/- 0.5%) (7.59)8.19(7.68)8.30

124. 124
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Change in rate of salary increase (delta effect of +/- 0.5%) 8.22 (7.69)7.54 (7.07)
44Leases
     
     
a.
The Company's significant leasing arrangements are in respect of leases for office spaces only. When measuring
lease liabilities, the Company discounted lease payments using its incremental borrowing rate as at 01 April 2021.
The weighted average rate applied is 9 % per annum.
     
     
b.Amount recognized in balance sheet are as follows:
March
31,
2021
March
31,
2020
April
01,
2019
Right-of-use assets (refer note 4) 208.65299.51-
Current lease liabilities (refer note 24) 91.5775.33-
Non current lease liabilities (refer note 20) 139.53231.10-
231.10306.43-
c.The following amounts are recognized in the statement of profit and loss:
March
31,
2021
March
31,
2020
-Depreciation on right-of-use assets 90.8692.51
-Interest expense on lease liabilities 23.5429.83
-Expenses related to short term leases 4.083.68
-Expenses related to low value assets, excluding short term leases of low value assets 90.8692.51
d.Refer note 45 for contractual maturities of lease liabilities
     
     
45 Financial instruments – Fair values and risk management
           
           
I. Fair value measurements
           
           
A. Financial instruments by category
           
           
The carrying value of financial instruments by categories as of March
31, 2021 is as given under:
           
           
`
March
31, 2021
  March
31, 2020
 
April
01,
2019
 
FVTOCIAmortised Cost FVTOCI
Amortised
Cost
FVTOCI
Amortised
Cost
Financial assets
Non-current investments 20.14 20.14 20.14
Other non-current financial assets - 155.52- 70.51 - 89.92
Trade receivables - 2,162.04- 1,178.01- 2,397.97

125. 125
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Cash and cash equivalents - 3,129.09- 1,578.43- 10,622.83
Bank balances other than cash and cash equivalents - 1,620.64- 1,555.84- 1,479.00
Loans- current - 830.00- 3,580.00- -
Other current financial assets - 7,404.09- 5,066.28- 1,199.43
20.1415,301.3820.1413,029.0720.1415,789.15
Financial liabilities
           
Lease liabilities- non current - 139.53- 231.10- -
Trade payables - 559.43- 903.97- 685.70
Lease liabilities- current - 91.57 - 75.33 - -
Other financial liabilities - 936.37- 959.54- 2,938.26
- 1,726.90- 2,169.94- 3,623.96
B. Fair value hierarchy
           
This section explains the judgements and estimates made in
determining the fair values of the financial instruments that are:
(a) recognised and measured at fair value and
(b) measured at amortised cost and for which fair values are disclosed
in the financial statements.
To provide an indication about the reliability of the inputs used in
determining fair value, the Company has classified its financial
instruments into the three levels prescribed under the accounting
standard. An explanation of each level follows underneath the table.
           
Quoted prices in an active Market (level 1)
           
           
This level of hierarchy includes financial assets that are measured by
reference to quoted prices (unadjusted) in active markets for identical
assets or liabilities. This category consists of assets or liabilities. This
category consists of investment in quoted equity shares, and mutual
fund investments.
           
Valuation techniques with observable inputs (level 2)
           
           
This level of hierarchy includes financial assets and liabilities,
measured using inputs other than quoted prices included within level 1
that are observable for the asset or liability, either directly ( i.e. as
prices) or indirectly ( i.e. derived from prices) .
           
           
Valuation techniques with significant unobservable inputs (level 3)
           
           
This level of hierarchy includes financial assets and liabilities
measured using inputs that are not based on observable market data
(unobservable inputs) . Fair values are determined in whole or in part,
using a valuation model based on assumptions that are neither
supported by prices from observable current market
           
Financial assets measured at fair value - recurring fair value measurements
       
       
March 31,
     

126. 126
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Particulars 2021
Level 1 Level 2
Level
3
Total
Financial Assets
Non-current investments - - 20.1420.14
Total financial assets - - 20.1420.14
Financial assets and liabilities which are measured at amortised cost for which fair values are
disclosed
       
       
Particulars
March 31,
2021
     
Level 1 Level 2
Level
3
Total
Financial Assets
Other non-current financial assets - - 155.52155.52
Trade receivables - - 2,162.042,162.04
Cash and cash equivalents - - 3,129.093,129.09
Bank balances other than cash and cash equivalents - - 1,620.641,620.64
Loans- current - - 830.00830.00
Other current financial assets - - 7,404.097,404.09
Total financial assets - - 15,301.3815,301.38
Financial Liabilities
Lease liabilities- non current - - 139.53139.53
Trade payables - - 559.43559.43
Lease liabilities- current 91.5791.57
Other financial liabilities - - 936.37936.37
Total financial liabilities - - 1,726.901,726.90
Financial assets measured at fair value - recurring fair value measurements
 
Particulars
March 31,
2020
     
Level 1 Level 2
Level
3
Total
Financial Assets
Non-current investments - - 20.1420.14
Total financial assets - - 20.1420.14
Financial assets and liabilities which are measured at amortised cost for which fair values are
disclosed
       

127. 127
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
       
Particulars
March 31,
2020
     
Level 1 Level 2
Level
3
Total
Financial assets
Other non-current financial assets - - 70.5170.51
Trade receivables - - 1,178.011,178.01
Cash and cash equivalents - - 1,578.431,578.43
Bank balances other than cash and cash equivalents - - 1,555.841,555.84
Loans- current - - 3,580.003,580.00
Other current financial assets - - 5,066.285,066.28
- - 13,029.0713,029.07
Financial liabilities
Lease liabilities- non current - - 231.10231.10
Trade payables - - 903.97903.97
Lease liabilities- current 75.3375.33
Other financial liabilities - - 959.54959.54
Total financial liabilities - - 2,169.942,169.94
Financial assets measured at fair value - recurring fair value measurements
       
       
Particulars April 01, 2019
     
Level 1 Level 2
Level
3
Total
Financial Assets
Non-current investments - - 20.1420.14
Total financial assets - - 20.1420.14
Financial assets and liabilities which are measured at amortised cost for which fair values are
disclosed
       
       
Particulars April 01, 2019
     
Level 1 Level 2
Level
3
Total
Financial assets
Other non-current financial assets - - 89.9289.92
Trade receivables - - 2,397.972,397.97

128. 128
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Cash and cash equivalents - - 10,622.8310,622.83
Bank balances other than cash and cash equivalents - - 1,479.001,479.00
Loans- current - - - -
Other current financial assets - - 1,199.431,199.43
Total financial assets - - 15,789.1515,789.15
Financial liabilities
Lease liabilities- non current - - - -
Trade payables - - 685.70685.70
Lease liabilities- current - - - -
Other financial liabilities - - 2,938.262,938.26
Total financial liabilities - - 3,623.963,623.96
C.
Fair value of financial assets and liabilities measured at
amortised cost
             
             
March
31, 2021
  March
31, 2020
    April 01,
2019
 
Particulars
Carrying
Amount
Fair
Value
Carrying
Amount
Fair
Value
  Carrying
Amount
Fair
Value
Financial assets
 
Other non-current financial assets 155.52155.5270.5170.51
 
89.9289.92
Trade receivables 2,162.042,162.041,178.011,178.01
 
2,397.972,397.97
Cash and cash equivalents 3,129.093,129.091,578.431,578.43
 
10,622.8310,622.83
Bank balances other than cash and cash equivalents1,620.641,620.641,555.841,555.84
 
1,479.001,479.00
Loans- current 830.00830.003,580.003,580.00
 
- -
Other current financial assets 7,404.097,404.095,066.285,066.28
 
1,199.431,199.43
15,301.3815,301.3813,029.0713,029.07
 
15,789.1515,789.15
 
Financial liabilities
             
Lease liabilities- non current 139.53139.53231.10231.10
 
- -
Trade payables 559.43559.43903.97903.97
 
685.70685.70
Lease liabilities- current 91.5791.5775.3375.33
 
- -
Other financial liabilities 936.37936.37959.54959.54
 
2,938.262,938.26
1,726.901,726.902,169.942,169.94
 
3,623.963,623.96
 
i. Short-term financial assets and liabilities are stated at carrying
value which is approximately equal to their fair value.
             

129. 129
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
ii. There have been no transfers between level 1, level 2 and
level 3 for the year ended March 31, 2021 and year ended
March 31, 2020.
             
             
             
II.Financial Risk Management
             
             
The Company has exposure to the following risks arising from
financial instruments:
- credit risk;
- liquidity risk; and
- market risk
             
The Company is exposed primarily to credit, liquidity and
market risk which may adversely impact the fair value of its
financial instruments. The Company assesses the
unpredictability of the financial environment and seeks to
mitigate potential adverse effects on the financial performance
of the Company.
             
i. Credit risk
             
Credit risk is the risk of financial loss to Company if a customer
or counterparty to the financial instrument fails to meet its
financial obligations leading to financial loss.
             
Financial instruments that are subject to concentration of credit
risk principally consist of trade receivables, cash and cash
equivalents, other balances with banks and other financial
assets. None of the financial instruments of the Company result
in material concentration of credit risk other than trade
receivable.
             
The Company maintains its cash and cash equivalents and bank
deposits with banks having good reputation, good past track
record and high quality credit rating and also reviews their
credit rating on a timely basis.
             
The carrying value of financial assets represents the maximum
credit risk. The maximum exposure to credit risk was INR
15,301.38 lakhs and INR 13,029.07 lakhs as at March 31, 2021
and March 31, 2020 respectively, being the total carrying value
of investments, trade receivables, cash and cash equivalents,
loans and other current financial assets.
             
             
Trade Receivables
             
Ind AS requires expected credit losses to be measured through a
loss allowance. The Company assesses at each date of
statements of financial position whether a financial asset or a
group of financial assets is impaired. The Company recognises
lifetime expected losses for all contract assets and / or all trade
receivables that do not constitute a financing transaction. For all
other financial assets, expected credit losses are measured at an
amount equal to the 12 months expected credit losses or at an
amount equal to the life time expected credit losses if the credit
risk on the financial asset has increased significantly since
initial recognition.
In determining the allowances for credit losses of trade
receivables, the Company has used a practical expedient by
computing the expected credit loss allowance for trade
receivables based on a provision matrix. The provision matrix

130. 130
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
takes into account historical credit loss experience and is
             

131. 131
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
adjusted for forward looking information. The expected credit
loss allowance is based on the ageing of the receivables that are
due and rates used in the provision matrix.
             
During the period, the Company has made no write-offs of trade
receivables. The Company management also pursue all options
for recovery of dues wherever necessary based on its internal
assessment. All overdue customer balances are evaluated taking
into account the age of the dues, specific credit circumstances,
the track record of the counterparty etc. Loss allowances and
impairment is recognized, where considered appropriate by
management.
             
             
Movements in allowance for credit losses of receivables is as
below:
             
    March
31, 2021
 
March
31,
2020
   
Opening balance
   
-
 
23.38
   
Changes in loss allowance calculated at life time expected
credit losses
   
-
 
(23.38)
   
Closing balance
   
-
 
-
   
ii. Liquidity risk
         
Liquidity risk is the risk that the Company will encounter difficulty in meeting the obligations
associated with its financial liabilities that are to be settled by delivering cash or another financial
asset. The Company’s approach to managing liquidity is to ensure, as far as possible, that it will have
sufficient liquidity to meet its liabilities when they are due, under both normal and stressed
conditions, without incurring unacceptable losses or risking damage to the Company’s reputation.
The Company invests its surplus funds in bank fixed deposit which carry no market risk.The
Company manages liquidity risk by continuously monitoring forecast and actual cash flows, and by
matching the maturity profiles of financial assets and liabilities. The Company has no outstanding
long term borrowing and the Company believes that working capital is sufficient to meet its current
requirements.
         
The following are the remaining contractual maturities of financial liabilities at the reporting date.
The amounts are gross and undiscounted, and excluding contractual interest payments and exclude
the impact of netting agreements.
         
         
Particulars
Carrying
Amounts
March
31, 2021
Contractual
cash flows
     
Upto 1 year
Between
1 and 2
years
Between 2
and 5 years
More
than 5
year
 
Non-derivative financial liabilities
 
Lease liabilities- non current 139.53- 139.53--
 
Trade payables 559.43559.43 - --
 
Lease liabilities- current 91.5791.57 - --
 

132. 132
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Other financial liabilities 936.37928.05 - -8.32 
Total non-derivative liabilities 1,726.901,579.05139.53-8.32
 
 
Particulars
Carrying Amounts
March 31, 2020
Contractual cash flows
     
Upto 1 year Between 1 and 2 yearsBetween 2 and 5 yearsMore than 5 year
Non-derivative financial liabilities
Lease Liabilities- Non Current 231.10 - 91.57 139.53-
Trade payables 903.97 903.97 - - -
Lease Liabilities- Current 75.33 75.33 - - -
Other financial liabilities 959.54 950.26 - - 9.28
Total non-derivative liabilities2,169.94 1,929.56 91.57 139.539.28
Particulars
Carrying Amounts
April 01, 2019
Contractual cash flows
    
Upto 1 year Between 1 and 2 yearsBetween 2 and 5 years More than 5 year
Non-derivative financial liabilities
Lease Liabilities- Non Current - - -
Trade payables 685.70 685.70 - --
Lease Liabilities- Current - - - --
Other financial liabilities 2,938.26 2,928.48 - -9.78
Total non-derivative liabilities 3,623.96 3,614.18 - -9.78
iii. Market risk
 
Market risk is the risk of any loss in future earnings, in realisable fair values or in future cash flows that may results from a change in the
price of a financial instrument.The value of a financial instrument may change as a result of change in the interest rate, foreign currency
exchange rates , liquidity and other market changes . Future specific market movements cannot be normally predicted with reasonable
accuracy.
 
a) Currency risk
 
The Company does not have any exposure in foreign currency and therefore not exposed to currency risk.
 
 
b) Interest rate risk
 
Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market
interest rates. The Company's exposure to the risk of changes in market interest rates primarily relates to the fixed deposits and
borrowings. The Company constantly monitors the credit markets and rebalances its financing strategies to achieve an optimal maturity
profile and financing cost.
 
Exposure to interest rate risk
     
The interest rate profile of the Company 's interest bearing financial instruments at the end of the
reporting period are as follows:
     
     
March 31,March 31,April 01,

133. 133
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Particulars 2021 2020 2019
Fixed rate instruments
Financial assets 1,905.804,568.95437.73
Financial liabilities - -
1,905.804,568.95437.73
Variable rate instruments
Financial assets - -
Financial liabilities - -
- -
Sensitivity analysis
Fixed rate instruments
Fixed rate instruments that are carried at amortised cost are not subject to interest rate risk for the purpose of sensitive analysis.
Variable rate instruments
There is no variable interest rate financial instrument in the Company.
46
The Company has been granted licenses from Reserve Bank of India for operating as Bharat bill payment operating unit under Bharat
Bill Payment System in India which is valid till 30 September 2022 and to set up and operate payment system for semi-closed prepaid
payment instrument services which is valid till 30 November 2025, thereby the Company is also required to comply with the Master
Direction on Issuance and Operation of Prepaid Payment Instruments (as amended) and other circulars and notifications as issued from
time to time.
47
The holding company, along with Ebix Singapore Pte. Ltd. (hereinafter referred to as the Ebix entities), had purchased 13,501,670 equity
shares of the Company on April 1, 2017. During FY 2019-20, the erstwhile shareholders of the Company have raised a dispute with the
Ebix entities alleging breaches of the Share Purchase Agreement (SPA) and Shareholders’ Agreement (SHA), entered into between the
parties and demanding termination of SHA. The matter is under arbitration in accordance with the rules of the Singapore International
Arbitration Centre (“SIAC”). Simultaneously, Ebix entities have also filed application before the National Company Law Tribunal,
Mumbai (“NCLT”) seeking, inter alia, a declaration that the Articles of the Company stand amended pursuant to the termination of the
SHA by erstwhile shareholders. The Management of the Company based upon legal analysis believes that no additional demand shall
devolve upon the Company.
48 Corporate Social Responsibility (CSR) expense
     
As required by Section 135 of the Comapanies Act, 2013, gross amount required to be spent by
the Company during the year was INR 8.96 lakhs (March 31, 2020: Nil) and amount spent by the
Company is INR Nil (March 31, 2020: Nil).
     
Particulars
 
For the
year
ended
   
 
March
31,
2021
March
31,
2020
April
01,
2019
Amount requrired
to be spent during
the year (A)
 
8.96- -
Shortfall amount of
previous year (B)
 
- - -
Total (A) + (B)
 
8.96- -
Amount spent on
CSR
 
- - -

134. 134
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Shortfall amount of
current year (C)
 
8.96- -
49Capital management
The Company manages its capital to ensure that it will be able to continue as going concerns while maximizing the return to stakeholders
through the optimisation of the debt and equity balance.The board of directors of the Company review the capital structure of the
Company on a an ongoing basis. As part of this review, the Board considers the cost of capital and the risks associated with each class of
capital.
The Company monitors capital using gearing ratio which is net debt divided by total equity. Net debt comprises of long term and short
term borrowings less cash and cash equivalent. Equity includes equity share capital and reserves that are managed as capital. The
company is not having any debt as on March 31, 2021 and March 30, 2020.
50Prior year adjustments
During the year, the Company has restated its comparative financial statements to account for the impact of revenue transactions from
sale of semi-closed loop co-branded cards (Gift Cards) which have now been recorded on gross basis. The semi-closed loop co-branded
gift cards business majorly picked up from Janaury 2020 onwards. Further, few other heads of other financial statements line items have
now been correctly grouped wherever considered necessary to make them comparable with those of the current year. The effect of
restatement due to above adjustment is summarised below:
Extract of Balance Sheet as at March 31, 2019
     
Particulars As previously reported Adjustment As restated
Liabilities
Trade payables 3,571.50 (2,885.80) 685.70
Other financial liabilities 9.78 2,928.48 2,938.26
Other current liabilities 6,059.86 (8.28) 6,051.58
Provisions 37.25 (34.40) 2.85
Extract of Balance Sheet as at March 31, 2020
     
Particulars As previously reported Adjustment As restated
Assets
Trade receivables 822.72 355.29 1,178.01
Other current financial assets 5,584.61 (518.33) 5,066.28
Other current assets 1,087.80 706.13 1,793.93
Liabilities
Trade payables 1,482.73 (578.76) 903.97
Other financial liabilities 28.11 922.15 950.26
Other current liabilities 5,205.00 635.76 5,840.76
Provisions 439.21 (436.06) 3.15
Extract of statement of profit and loss for the year ended March 31, 2020
     
Particulars As previously reportedAdjustmentAs restated
Revenue

135. 135
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Revenue from operations 24,941.54 11,319.2636,260.80
Cost
Purchase of stock-in-trade 17,090.52 11,667.8528,758.37
Finance costs 129.02 (62.78) 66.24
Other expenses 7,614.28 (285.81)7,328.47
Extract of statement of cash flows for FY March 31, 2020
     
Particulars As previously reportedAdjustmentAs restated
Cash flows from operating activities (8,945.04) 3,649.58 (5,295.46)
Cash flows from investing activities 99.97 (132.37) (32.40)
Cash flows from financing activities (199.33) (3,517.22)(3,716.55)
51
The outbreak of Coronavirus (CoVID-19) pandemic globally is causing slowdown of economic activity. In many countries, businesses
are being forced to cease or limit their operations for long or indefinite period of time. Measures are taken to contain the spread of the
virus, including travel restrictions, quarantines, social distancing and closure of non-essential services. The potential impact to our
results going forward will depend to a large extent on future developments regarding COVID-19 that cannot be accurately predicted at
this point in time, including the duration and severity of the pandemic, the extent and effectiveness of containment actions and the
impact of these and other factors on our employees, customers, and vendors. The Company, as on the date of approval of the financial
statements believes there is no significant impact of COVID-19 on the underlying assumptions and estimates that have been used to
prepare these statements.
This is the summary of significant accounting policies and other explanatory information
referred to in our report of even date
     
For Walker Chandiok & Co LLP
For and on behalf of the Board
of Directors of
Ebix Payment Services Private
Limited
  
ICAI firm registration number : 001076N/N500013
Chartered Accountants
Rohit Arora Satya Bushan Kotru
Vikas
Verma
Partner Director Director
Membership number: 504774 DIN: 01729176
DIN:
03511116
For KG Somani & Co LLP
Chartered Accountants Rahul Nemichand Chopra
Firm Reg No.: 006591N/N500377 Company Secretary
Membership number: 41826
Varun Sharma
Partner
Membership number: 512916

136. 136
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Place: Noida
Date: October 30, 2021
[610300] Notes - Accounting policies, changes in accounting estimates and errors
Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
Disclosure of changes in accounting policies, accounting estimates and errors
[TextBlock]
Textual information (47)
[See below]
   Disclosure of initial application of standards or interpretations
   [TextBlock]
      Whether initial application of an Ind AS has an effect on the
      current period or any prior period
No No
   Disclosure of voluntary change in accounting policy [TextBlock]
      Whether there is any voluntary change in accounting policy No No
   Disclosure of changes in accounting estimates [TextBlock]
      Whether there are changes in acounting estimates during the year No No

137. 137
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Textual information (47)
Disclosure of changes in accounting policies, accounting estimates and errors [Text Block]
Ebix Payment Services Private Limited
Summary of significant accounting policies and other explanatory information for the year ended March 31, 2021
Background of the Company
Ebix Payment Services Private Limited (the ‘Company’) is a private company incorporated under the provisions of Indian Companies Act
having its registered office at 2nd floor, Manek plaza, kalina CST road, Kolekalyan, Santacruz (E) Mumbai City MH 400098 Maharashtra,
India. The Company is engaged in the business of providing payment solutions to customers through prepaid payment instruments say,
general purpose reloadable cards, gift cards etc. and facilitating distribution of gift and prepaid cards. The Company also facilitates utility and
other bill payment, and domestic money transfer services.
Significant accounting policies
Statement of compliance
These financial statements have been prepared in accordance with the accounting principles generally accepted in India including Indian
Accounting Standards (‘Ind AS’) specified under section 133 of the Companies Act, 2013 (the ‘Act’).
These financial statements were authorised for issue by the Company’s Board of Directors on October 30, 2021.
Basis of preparation
The financial statements have been prepared on the historical cost basis, except for certain financial instruments that are measured at fair
values at the end of each reporting period.
Functional and presentation currency
These financial statements are presented in Indian National Rupee (‘INR’ which is the Company’s functional currency.
Current and non-current classification
All assets and liabilities have been classified as current or non-current as per the Company’s operating cycle and other criteria set out in the
Schedule III (Division II) to the Act. Based on the nature of services and the time between the rendering of services and their realisation, the
Company has ascertained its operating cycle as twelve months for the purpose of current and non-current classification of assets and
liabilities.
An asset is classified as current when it is: a) Expected to be realised or intended to be sold or consumed in normal operating cycle, b) Held
primarily for the purpose of trading, c) Expected to be realised within twelve months after the reporting period, or d) Cash or cash equivalent
unless restricted from being exchanged or used to settle a liability for at least twelve months after the reporting period.
All other assets are classified as non-current.
A liability is classified as current when: a) It is expected to be settled in normal operating cycle, b) It is held primarily for the purpose of
trading, c) It is due to be settled within twelve months after the reporting period, or d) There is no unconditional right to defer the settlement
of the liability for at least twelve months after the reporting period.
All other liabilities are classified as non-current.
Deferred tax assets and liabilities are classified as non-current assets and liabilities.

138. 138
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Use of Judgment and estimates
The Company is required to make estimates and assumptions that affect the reported amounts of assets, liabilities, disclosures of contingent
liabilities at the date of financial statement and the reported amounts of revenue and expenses during the reporting period.
Actual result could differ from those estimates. The Company basis its estimates on historical experience and on various other assumptions
that are believed to be reasonable, the result of which form the basis for making judgements about carrying values of assets and liabilities.
Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised prospectively.
Key accounting estimates
Useful life of property, plant and equipment (‘PPE’) and other intangible assets
The useful lives and residual values of PPE and intangible assets are determined by management at the time the asset is acquired and
reviewed at the end of each reporting period. The lives are based on historical experience with similar assets as well as anticipation of future
events, which may impact their life, such as changes in technology.
Provisions and contingent liabilities
A provision is recognised when the Company has a present obligation as a result of a past event and it is probable that an outflow of
resources will be required to settle the obligation, in respect of which a reliable estimate can be made. These are reviewed at each balance
sheet date and adjusted to reflect the current best estimates. Contingent liabilities are not recognised in the financial statements. Contingent
assets are neither recognized nor disclosed in the financial statements.
Defined benefit plans
The cost of the defined benefit plans and the present value of the defined benefit obligation are based on actuarial valuation using the
projected unit credit method. An actuarial valuation involves making various assumptions that may differ from actual developments in the
future. These include the determination of the discount rate, future salary increases and mortality rates. Due to the complexities involved in
the valuation and its long-term nature, a defined benefit obligation is highly sensitive to changes in these assumptions. All assumptions are
reviewed at each reporting date.
Expected credit losses on financial assets
The expected credit loss provision of financial assets is based on assumptions about risk of default and expected timing of collection. The
Company uses judgment in making these assumptions and selecting the inputs to the iv. Expected credit losses calculation, based on the
Company’s past history, customer’s creditworthiness, existing market conditions as well as forward looking estimates at the end of each
reporting period.
Property, plant and equipment:
Recognition and measurement
Items of property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment loss (if any). Cost
directly attributable to acquisition are capitalised until the property, plant and equipment are ready for use as intended by the management.
If significant parts of an item of property, plant and equipment have different useful lives, then they are accounted for as a separate item
(major components) of property, plant and equipment.
Any gain/loss on disposal of property, plant and equipment is recognised in profit and loss account on the date of disposal or retirement.
Subsequent expenditure is capitalized only if it is probable that the future economic benefits associated with the expenditure will flow to the
company and cost of the item can be measured reliably.
Depreciation methods, estimated useful lives and residual value

139. 139
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Depreciation on PPE is calculated on Straight Line Method (‘SLM’) using the rates arrived at based on the estimated useful lives given in
Schedule II of the Companies Act, 2013 except for technical evaluation done by management’s experts for given below assets.
Assets category Useful life (in years)
Computers and peripherals 3 years
Furniture and fixtures 5 years
Office equipment 5 years
Leasehold Improvement Over the lease period
Depreciation method, useful lives and residual values are reviewed at each financial year end and changes, if any, are accounted for
prospectively.
The cost and related accumulated depreciation are eliminated from the financial statements upon sale or retirement of the asset and the
resultant gains or losses are recognised in the Statement of Profit and Loss.
Intangible assets
Intangible assets acquired separately are measured on initial recognition at historical cost. Intangibles assets having a finite useful life are
subsequently carried at cost less any accumulated amortization and accumulated impairment losses (if any). Subsequent expenditure is
capitalised only if it is probable that the future economic benefits associated with the expenditure will flow to the Company.
Amortisation method, estimated useful lives and residual value
Intangible assets with finite lives are amortised over the useful life and assessed for impairment whenever there is an indication that the
intangible asset may be impaired. The amortisation period and the amortisation method for an intangible asset with a finite useful life are
reviewed at least at the end of each reporting period.
The amortisation expense on intangible assets is recognised in the statement of profit and loss unless such expenditure forms part of carrying
value of another asset.
Gains or losses arising from de-recognition of an intangible asset are measured as the difference between the net disposal proceeds and the
carrying amount of the asset and are recognized in the statement of profit or loss when the asset is derecognised.
Assets category Useful life (in years)
Computer Softwares 3 years
Impairment of non-financial assets
The carrying amounts of the Company’s non-financial assets are reviewed at each reporting date to determine whether there is any indication
of impairment considering the provisions of Ind AS 36- ‘Impairment of Assets’. If any such indication exists, then the asset’s recoverable
amount is estimated.
The recoverable amount of an asset or cash-generating unit (‘CGU’) is the higher of its fair value less costs of disposal and its value in use. In
assessing value in use, the estimated future cash flows of asset or CGU are discounted to their present value using a pre-tax discount rate that
reflects current market assessments of the time value of money and the risks specific to the asset.
If no such transactions can be identified, an appropriate valuation model is used. These calculations are corroborated by valuation multiples,
quoted share price for publicly traded companies or other available fair valuation indicators.
For the purpose of impairment testing, assets that cannot be tested individually are grouped together into the smallest group of assets that
generate cash inflows from continuing use that are largely independent of the cash inflows of other assets or groups of assets (the

140. 140
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
‘cash-generating unit’ or ‘CGU’)
An impairment loss is recognised if the carrying amount of an asset or its CGU exceeds its estimated recoverable amount. Impairment losses
are recognized in profit or loss. Impairment losses recognised in respect of CGUs are reduced from the carrying amounts of the assets of the
CGU.
An assessment is made at each reporting date to determine whether there is an indication that previously recognised impairment losses no
longer exist or have decreased. If such indication exists, the Company estimates the asset’s or CGU’s recoverable amount. A previously
recognised impairment loss is reversed only if there has been a change in the assumptions used to determine the asset’s or CGU’s recoverable
amount since the last impairment loss was recognized.
The reversal is limited so that the carrying amount of the assets does not exceed its recoverable amount, nor exceed the carrying amount that
would have been determined, net of depreciation, had no impairment loss has been recognised for the asset in prior years. Such reversal is
recognised in the Statement of profit or loss.
Financial instruments
A financial instrument is any contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another
entity.
Financial assets
Initial recognition and measurement
The Company recognises financial assets and financial liabilities when it becomes a party to the contractual provisions of the instrument. All
financial assets and liabilities are recognised at fair value on initial recognition, except for trade receivables which are initially measured at
transaction price. Transaction costs that are directly attributable to the acquisition or issue of financial assets and financial liabilities, which
are not at fair value through profit or loss, are added to the fair value on initial recognition. Regular way purchase and sale of financial assets
are accounted for at trade rate.
Subsequent measurement
For the purpose of subsequent measurement, financial assets are classified in four categories:
Debt instruments at amortized cost
Debt instrument at fair value through Other Comprehensive Income (FVTOCI)
Debt instrument, derivatives and equity instruments at fair value through profit and loss (FVTPL)
Equity Instrument measured at fair value through Other Comprehensive Income (FVTOCI)
Debt instruments at amortized cost
A financial asset is measured at amortized cost only if both of the following conditions are met:
- it is held within a business model whose objective is to hold assets in order to collect contractual cash flows.
- the contractual terms of the financial asset represent contractual cash flows that are solely payments of principal and interest.
After initial measurement, such financial assets are subsequently measured at amortized cost using the EIR (effective interest rate) method.
Amortized cost is calculated by taking into account any discount or premium on acquisition and fees or costs that are an integral part of the
EIR. The EIR amortization is included as finance income in the profit or loss. The losses arising from impairment are recognized in the profit
or loss.
Debt instrument at fair value through Other Comprehensive Income (FVTOCI)

141. 141
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
A ‘debt instrument’ is classified as at the FVTOCI if both of the following criteria are met:
-The objective of the business model is achieved both by collecting contractual cash flows and selling the financial assets, and
-The asset’s contractual cash flows represent solely payments of principal and interest
Debt instruments included within the FVTOCI category are measured initially as well as at each reporting date at fair value. Fair value
movements are recognized in the OCI. However, the Company recognizes interest income, impairment losses & reversals and foreign
exchange gain or loss in the profit and loss. On derecognition of the asset, cumulative gain or loss previously recognized in OCI is
reclassified from the equity to profit and loss. Interest earned whilst holding FVTOCI debt instrument is reported as interest income using the
EIR method.
Debt instrument at fair value through profit and loss (FVTPL)
Any debt instrument, which does not meet the criteria for categorization as at amortized cost or as FVOCI, is classified as at FVTPL.
In addition, the Company may elect to classify a debt instrument, which otherwise meets amortized cost or FVTOCI criteria, as at FVTPL.
However, such election is allowed only if doing so reduces or eliminates a measurement or recognition inconsistency (referred to as
‘accounting mismatch’).
Debt instruments included within the FVTPL category are measured at fair value with all changes recognized in the statement of profit and
loss.
Equity Instrument measured at fair value through Other Comprehensive Income (FVTOCI)
All equity instruments in scope of Ind AS 109 are measured at fair value. Equity instruments which are held for trading are classified as at
FVTPL. For all other equity instruments, the Company may make an irrevocable election to present subsequent changes in the fair value in
OCI. The Company makes such election on an instrument-by-instrument basis. The classification is made on initial recognition and is
irrevocable.
If the Company decides to classify an equity instrument as at FVTOCI, then all fair value changes on the instrument, including foreign
exchange gain or loss and excluding dividends, are recognized in the OCI. There is no recycling of the amounts from OCI to profit or loss,
even on sale of investment. However, the Company may transfer the cumulative gain or loss within equity.
Equity instruments included within the FVTPL category are measured at fair value with all changes recognized in the profit or loss.
Derecognition of financial assets
A financial asset (or, where applicable, a part of a financial asset or part of a group of similar financial assets) is primarily derecognized (i.e.
removed from the company’s balance sheet) when:
The rights to receive cash flows from the asset have expired, or
The Company has transferred its rights to receive cash flows from the asset or has assumed an obligation to pay the received cash flows in
full without material delay to a third party under a ‘pass-through’ arrangement; and either (a) the Company has transferred substantially all
the risks and rewards of the asset, or (b) the Company has neither transferred nor retained substantially all the risks and rewards of the asset,
but has transferred control of the asset.
When the Company has transferred its rights to receive cash flows from an asset or has entered into a pass-through arrangement, it evaluates
if and to what extent it has retained the risks and rewards of ownership.
When it has neither transferred nor retained substantially all of the risks and rewards of the asset, nor transferred control of the asset, the
Company continues to recognize the transferred asset to the extent of the Company’s continuing involvement. In that case, the company also
recognizes an associated liability. The transferred asset and the associated liability are measured on a basis that reflects the rights and
obligations that the company has retained.

142. 142
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Continuing involvement that takes the form of a guarantee over the transferred asset is measured at the lower of the original carrying amount
of the asset and the maximum amount of consideration that the company could be required to repay.
On derecognition of a financial asset, the difference between the carrying amount of the asset (or the carrying amount allocated to the portion
of the asset de-recognized) and the sum of (i) the consideration received (including any new asset obtained less any new liability assumed)
and (ii) any cumulative gain or loss that had been recognized in OCI is recognized in profit or loss.
Impairment of financial assets
The Company assesses on a forward-looking basis, the expected credit losses associated with the assets carried at amortized cost and FVOCI
debt instruments. The impairment methodology applied depends on whether there has been a significant increase in credit risk since initial
recognition. If credit risk has not increased significantly, 12-month ECL is used to provide for impairment loss. However, if credit risk has
increased significantly, lifetime ECL is used. If, in a subsequent period, credit quality of the instrument improves such that there is no longer
a significant increase in credit risk since initial recognition, then the entity reverts to recognising impairment loss allowance based on
12-month ECL.
For trade receivables, the Company applies the simplified approach permitted by Ind AS 109 “Financial Instruments” which requires
expected lifetime losses to be recognized from initial recognition of trade receivables and unbilled revenue. The Company uses historical
default rates to determine impairment loss on the portfolio of trade receivables. At every reporting date, these historical default rates are
reviewed and changes in the forward-looking estimates are analyzed.
Financial liabilities
Initial recognition and measurement
Financial liabilities are classified as measured at amortised cost or FVTPL. A financial liability is classified as at FVTPL if it is classified as
held for trading, or it is a derivative or it is designated as such on initial recognition. Financial liabilities at FVTPL are measured at fair value
and net gains and losses, including any interest expense, are recognised in statement of profit and loss. Other financial liabilities are
subsequently measured at amortised cost using the effective interest method. Interest expense and foreign exchange gains and losses are
recognised in statement of profit and loss. Any gain or loss on derecognition is also recognised in statement of profit and loss.
Subsequent measurement
The measurement of financial liabilities depends on their classification, as described below:
Financial Liabilities measured at amortised cost
After initial recognition, interest-bearing loans and borrowings are subsequently measured at amortized cost using the EIR method. Gains
and losses are recognised in profit or loss when the liabilities are derecognised as well as through the EIR amortisation process.
Amortized cost is calculated by taking into account any discount or premium on acquisition and fees or costs that are an integral part of the
EIR. The EIR amortization is included as finance costs in the statement of profit and loss.
Financial liabilities at fair value through profit or loss
Financial liabilities at fair value through profit or loss include financial liabilities held for trading and financial liabilities designated upon
initial recognition as at fair value through profit or loss. Financial liabilities are classified as held for trading if they are incurred for the
purpose of repurchasing in the near term.
Derecognition of financial liabilities
A financial liability is derecognized when the obligation under the liability is discharged or cancelled or expires. When an existing financial
liability is replaced by another from the same lender on substantially different terms, or the terms of an existing liability are substantially
modified, such an exchange or modification is treated as the derecognition of the original liability and the recognition of a new liability. The
difference in the respective carrying amounts is recognized in the statement of profit and loss.
Revenue recognition

143. 143
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Revenue is measured based on the consideration specified in a contract with a customer net of variable consideration e.g. discounts, volume
rebate, any payment made to a customer (unless the payment is for a distinct good or services received from the customer) and excludes
amount collected on behalf of third parties. The Company recognises revenue when it transfers control over a product or service to a
customer. The amount of revenue recognised at an amount that reflects the consideration to which the Company expect to be entitled to in
exchange for the goods/services. Revenue is only recognized to the extent that is highly probable that a significant reversal will not occur. In
a sales transaction, where the Company acts as an agent, only the commission income or margin earned is included within the revenue. On
the other hand, in a sales transaction, where the Company acts as a principal, accordingly the consideration for the services/products sold is
recognized on gross basis with corresponding cost of goods sold being recorded as an expense. Revenue on sale of gift cards is recognized
only to the extent the Company’s performance obligation is met, which is on redemption/utilization.
Processing fees
On utilization/redemption of prepaid payment instruments, the Company receives commission which is recognised when services are
complete as per the agreed terms.
Service fee from merchants
The Company earns processing fee from merchants and recognises such revenue when services have been provided. Such service fee is
generally determined as a percentage of transaction value executed by the merchants.
Revenue from other services including registration/renewal, convenience fees is recognized when such services are completed / performed as
per the agreed terms.
Interest income
Interest income is recognised using the Effective Interest Rate (‘EIR’) method. The EIR is the rate that exactly discounts the estimated future
cash receipts through the expected life of the financial instrument or a shorter period, where appropriate to the gross carrying amount of the
financial assets or to the amortized cost of a financial liability but does not consider the expected credit loss. The EIR is computed basis the
expected cash flows by considering all the contractual terms of the financial instrument. The calculation includes all fees, transaction costs,
and all other premiums or discounts paid or received between parties to the contract that are an integral part of the effective interest rate.
Foreign currency transactions
Foreign currency transactions are recorded at the exchange rate prevailing on the date of the transaction. Monetary items denominated in
foreign currencies outstanding at the year-end are translated at exchange rates applicable on year end date. Non-monetary items denominated
in foreign currency, are valued at the exchange rate prevailing on the date of transaction and carried at cost. Any gains or losses arising due to
exchange differences arising on translation or settlement are accounted for in the Statement of Profit and Loss.
Employee benefits
Short term employee benefits
Liabilities for salaries, including other monetary and non-monetary benefits that are expected to be settled wholly within 12 months after the
end of the period in which the employees render the related service are recognised in respect of employees’ services up to the end of the
reporting period and are measured at the amounts expected to be paid when the liabilities are settled. The liabilities are presented as current
employee benefit payable under other financial liabilities.
Defined contribution plans
Obligations for contributions to defined contribution plans (Contribution to Provident Fund) are recognized in Statement of profit and loss,
when the employee rendered related service. The Company has no further obligations under these plans beyond its periodic contributions.
Defined benefit plans
The Company’s net obligation in respect of defined benefit plan is calculated by estimating the amount of future benefit that employees have
earned in the current and prior periods, discounting that amount and deducting the fair value of any plan assets. The calculation of defined
benefit obligations is performed annually by a qualified actuary using the projected unit credit method. When the calculation results in a
potential asset for the Company, the recognised asset is limited to the present value of economic benefits available in the form of any future
refunds from the plan or reductions in future contributions to the plan. Re-measurement of the net defined benefit liability, which comprise
actuarial gains and losses, the return on plan assets (excluding interest) and the effect of the asset ceiling (if any, excluding interest), are

144. 144
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
recognized immediately in Other Comprehensive Income. Re-measurement are not reclassified to profit or loss in the subsequent periods. Net
interest expense (income) on the net defined liability (assets) is computed by applying the discount rate, used to measure the net defined
liability (asset), to the net defined liability (asset) at the start of the financial year after taking into account any changes as a result of
contribution and benefit payments during the year. Net interest expense and other expenses related to defined benefit plans are recognised in

145. 145
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
profit or loss. When the benefits of a plan are changed or when a plan is curtailed, the resulting change in benefit that relates to past service
or the gain or loss on curtailment is recognised immediately in profit or loss. The Company recognizes gains and losses on the settlement of a
defined benefit plan when the settlement occurs.
d. Other long-term employee benefits
The Company’s net obligation in respect of long-term employee benefits other than post-employment benefits is the amount of future benefit
that employees have earned in return for their service in the current and prior periods; that benefit is discounted to determine its present
value. The obligation is measured on the basis of an annual independent actuarial valuation using the projected unit credit method.
Remeasurements gains or losses are recognised in statement of profit or loss in the period in which they arise. Expenses related to other
long-term employee benefits are recognised in statement of profit or loss under ‘Employee benefits expense’.
Long-term compensated absences: Long-term compensated absences are provided for on the basis of its actuarial valuation as per the
projected unit credit method as on the Balance Sheet date.
Income tax
Income tax expense comprises current and deferred tax. It is recognised in statement of profit and loss except to the extent that it relates to
items recognised directly in equity or in other comprehensive income.
a. Current tax
The current income tax charge is calculated based on the tax laws enacted or substantively enacted at the end of the reporting period in India,
where the Company operate and generate taxable income. The Company creates provisions where appropriate on the basis of amounts
expected to be paid to the tax authorities.
Current tax assets and current tax liabilities are offset only if there is a legally enforceable right to set off the recognised amounts, and it is
intended to realise the asset and settle the liability on a net basis or simultaneously.
b. Deferred tax
Deferred tax is provided in full, using the liability method, on temporary differences arising between the tax bases of assets and liabilities and
their carrying amounts in the financial statements. Deferred income tax is determined using tax rates (and laws) that have been enacted or
substantially enacted by the end of the reporting period and are expected to apply when the related deferred income tax asset is realised or the
deferred income tax liability is settled. Deferred tax assets are recognised for all deductible temporary differences only if it is probable that
future taxable amounts will be available to utilise those temporary differences and losses.
Deferred tax assets and liabilities are offset when there is a legally enforceable right to offset current tax assets and liabilities and when the
deferred tax balances relate to the same taxation authority.
Current and deferred tax is recognised in Statement of Profit and Loss, except to the extent that it relates to items recognised in other
comprehensive income or directly in equity. In this case, the tax is also recognised in other comprehensive income or directly in equity,
respectively.
Deferred tax assets are recognised to the extent that it is probable that future taxable profits will be available against which they can be used.
In case of a history of recent losses, the Company recognises a deferred tax asset only to the extent that it has sufficient taxable temporary
differences or there is convincing other evidence that sufficient taxable profit will be available against which such deferred tax asset can be
realised. Deferred tax assets – unrecognised or recognised, are reviewed at each reporting date and are recognised/ reduced to the extent that
it is probable/ no longer probable respectively that the related tax benefit will be realized.
Provisions, contingent liabilities and contingent assets
Provisions are recognized when the Company has a present legal or constructive obligation as a result of past events, it is probable that an
outflow of resources will be required to settle the obligation and the amount can be reliably estimated. Provisions are not recognized for
future operating losses.
Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering
the class of obligations as a whole. A provision is recognized even if the likelihood of an outflow with respect to any one item included in the
same class of obligations may be small.

146. 146
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Provisions are measured at the present value of management’s best estimate of the expenditure required to settle the present obligation at the
end of the reporting period. The discount rate used to determine the present value is a pre-tax rate that reflects current market assessments of
the time value of money and the risks specific to the liability. The increase in the provision due to the passage of time is recognized as
finance cost.
Contingent liabilities are possible obligations that arise from past events and whose existence will only be confirmed by the occurrence or
non-occurrence of one or more future events not wholly within the control of the Company. Where it is not probable that an outflow of
economic benefits will be required, or the amount cannot be estimated reliably, the obligation is disclosed as a contingent liability, unless the
probability of outflow of economic benefits is remote. Contingent liabilities are disclosed on the basis of judgement of the
management/independent experts. These are reviewed at each balance sheet date and are adjusted to reflect the current management estimate.
Contingent assets are possible assets that arise from past events and whose existence will be confirmed only by the occurrence or
non-occurrence of one or more uncertain future events not wholly within the control of the Company. Contingent assets are disclosed in the
financial statements when inflow of economic benefits is probable on the basis of judgement of management. These are assessed continually
to ensure that developments are appropriately reflected in the financial statements.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand and short-term deposits with original maturities of three months or less that are
readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value.
Leases
The Company assesses whether a contract contain a lease, at inception of contract. A contract is, or contains, a lease if the contract conveys
the right to control the use of an identified asset for a period of time in exchange for consideration.
To assess whether a contract conveys the right to control the use of an identified asset, the Company assesses whether : (i) the contract
involves the use of an identified asset (ii) the Company has substantially all of the economic benefits from use of the asset through the period
of lease and (iii) the Company has the right to direct the use of the asset.
Company as a lessee
The Company accounts for each lease component within the contract as a lease separately from non-lease components of the contract and
allocates the consideration in the contract to each lease component on the basis of the relative stand-alone price of the lease component and
the aggregate stand-alone price of the non-lease components.
The Company recognises right-of-use asset representing its right to use the underlying asset for the lease term at the lease commencement
date. The cost of the right-of-use asset measured at inception shall comprise of the amount of the initial measurement of the lease liability
adjusted for any lease payments made at or before the commencement date less any lease incentives received, plus any initial direct costs
incurred and an estimate of costs to be incurred by the lessee in dismantling and removing the underlying asset or restoring the underlying
asset or site on which it is located. The right-of-use assets is subsequently measured at cost less any accumulated depreciation, accumulated
impairment losses, if any and adjusted for any remeasurement of the lease liability. The right-of-use assets is depreciated using the
straight-line method from the commencement date over the shorter of lease term or useful life of right-of-use asset. Right-of-use assets are
tested for impairment whenever there is any indication that their carrying amounts may not be recoverable. Impairment loss, if any, is
recognized in the statement of profit and loss. For the purpose of impairment testing, the recoverable amount (i.e. the higher of the fair value
less cost to sell and value in use) is determined on an individual asset basis, unless the asset does not generate cash flows that are largely
independent of those from other assets. In such cases the recoverable amount is determined for the cash generating units to which the asset
belong.
The Company measures the lease liability at the present value of the lease payments that are not paid at the commencement date of the lease.
The lease payments are discounted using the interest rate implicit in the lease, if that rate can be readily determined. If that rate cannot be
readily determined, the Company uses incremental borrowing rate in the country of domicile of these lease. For leases with reasonably
similar characteristics, the Company, on a lease by lease basis, may adopt either the incremental borrowing rate specific to the lease or the
incremental borrowing rate for the portfolio as a whole. The lease payments shall include fixed payments, variable lease payments, residual
value guarantees, exercise price of a purchase option where the Company is reasonably certain to exercise that option and payments of
penalties for terminating the lease, if the lease term reflects the lessee exercising an option to terminate the lease.
The lease liability is subsequently remeasured by increasing the carrying amount to reflect interest on the lease liability, reducing the carrying
amount to reflect the lease payments made and remeasuring the carrying amount to reflect any reassessment or lease modifications or to
reflect revised in-substance fixed lease payments. The company recognizes the amount of the re-measurement of lease liability due to
modification as an adjustment to the right-of-use asset and statement of profit and loss depending upon the nature of modification. Where the
carrying amount of the right-of-use asset is reduced to zero and there is a further reduction in the measurement of the lease liability, the
Company recognizes any remaining amount of the re-measurement in statement of profit and loss.

147. 147
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
The Company has elected not to apply the requirements of Ind AS 116 Leases to short-term leases of all assets that have a lease term of 12
months or less and leases for which the underlying asset is of low value. The lease payments associated with these leases are recognized as an
expense on a straight-line basis over the lease term.
Operating segments
In accordance with Ind AS 108, the operating segments used to present segment information are identified on the basis of internal reports
used by the Company’s management to allocate resources to the segments and assess their performance. The indicators used for internal
reporting purposes may evolve in connection with performance assessment measures put in place.
Earnings per share
Basic earnings per equity share are computed by dividing the net profit or loss attributable to equity shareholders of the Company by the
weighted average number of equity shares outstanding during the financial year.
Diluted earnings per equity share is computed by dividing the net profit or loss attributable to equity shareholders of the Company by the
weighted average number of equity shares considered for deriving basic earnings per equity share and also the weighted average number of
equity shares that could have been issued upon conversion of all dilutive potential equity shares.
Inventories
Inventories comprising traded prepaid payment instruments. Inventories are valued at the lower of cost and net realisable value. The cost of
inventories comprises cost of purchase (net of recoverable taxes where applicable). Net realisable value (NRV) is the estimated selling price
in the ordinary course of business, less and estimated costs necessary to make the sale. Provisions/write-downs for obsolescence and
slow-moving inventory are made, wherever necessary and inventory is stated net of such provisions/write-downs.
Recent pronouncements
On March 24, 2021, the Ministry of Corporate Affairs (“MCA”) through a notification, amended Schedule III of the Companies Act, 2013.
The amendments revise Division I, II and III of Schedule III and are applicable from April 1, 2021. Key amendments relating to Division II
which relate to companies whose financial statements are required to comply with Companies (Indian Accounting Standards) Rules 2015 are:
Balance sheet
a) Lease liabilities should be separately disclosed under the head ‘financial liabilities’, duly distinguished as current or non-current.
b) Certain additional disclosures in the statement of changes in equity such as changes in equity share capital due to prior period errors and
restated balances at the beginning of the current reporting period.
c) Specified format for disclosure of shareholding of promoters.
d) Specified format for ageing schedule of trade receivables, trade payables, capital work-in-progress and intangible asset under
development.
e) If a company has not used funds for the specific purpose for which it was borrowed from banks and financial institutions, then disclosure
of details of where it has been used.
f) Specific disclosure under ‘additional regulatory requirement’ such as compliance with approved schemes of arrangements, compliance
with number of layers of companies, title deeds of immovable property not held in name of company, loans and advances to promoters,
directors, key managerial personnel (KMP) and related parties, details of benami property held etc.
Statement of Profit and Loss
a) Additional disclosures relating to Corporate Social Responsibility (CSR), undisclosed income and crypto or virtual currency specified
under the head ‘additional information’ in the notes forming part of the standalone financial statements.

148. 148
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
The amendments are extensive and the Company will evaluate the same to give effect to them as required by law.
Ebix Payment Services Private Limited
Summary of significant accounting policies and other explanatory information for the year ended March 31, 2021
(All Amounts in INR lakhs unless otherwise stated )
38
Disclosure under the Micro, Small
and Medium Enterprises
Development Act, 2006 (27 of
2006) (“MSMED Act, 2006”)
       
       
S.No. Particulars
March
31,
2021
March
31,
2020
April
01,
2019
i
the principal amount and the interest due thereon remaining unpaid to any
supplier as at the end of each accounting year;
- - -
ii
the amount of interest paid by the buyer in terms of Section 16 of MSMED Act,
2006 along with the amount of the payment made to the supplier beyond the
appointed day during each accounting year;
- - -
iii
the amount of interest due and payable for the period of delay in making
payment (which have been paid but beyond the appointed day during the year)
but without adding the interest specified under this Act;
- - -
iv
the amount of interest accrued and remaining unpaid at the end of each
accounting year; and
- - -
v
the amount of further interest remaining due and payable even in the
succeeding years, until such date when the interest dues as above are actually
paid to the small enterprise, for the purpose of disallowance as a deductible
expenditure under Section 23 of MSMED Act, 2006.
- - -
39Contingent liabilities, contingent assets and commitments
   
   
A.Contingent liabilities
   
   
Particulars
March
31, 2021
March
31, 2020
Claim against the Company not acknowledged as debts- service tax** 1,068.181,068.18
   
** These litigations relate to the period preceding the date of acquisition of the Company (refer note 47 for details)
and management believes that any demand thereon shall be reimbursed by the erstwhile owners of the Company.
   
   
B.Capital and other commitments
   
Estimated amount of contracts on capital account and other commitments remaining to be executed and not provided
for in accounts is Nil (March 31,2020 : INR 25.65 Lacs)
   
40Segment information:
     
The Management Information System of the Company identifies and monitors payment
services business as the business segment. The Company is managed organizationally as a
single unit. In the opinion of the management, the Company is predominantly engaged in
the business of payment related services and payment instruments. As the basic nature of
     

149. 149
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
these activities are governed by the same set of risks and returns, these constitute and are
grouped as a single segment. Accordingly, there is only one Reportable Segment for the
Company which is "Payment Services", hence no specific disclosures have been made.
This is also inline with the way the operational results are reviewed by the Chief operating
decision makers.
     
     
Entity wide disclosures
     
   
A.
Information about
products and services
   
During the year, the
Company primarily
operated in a single
business segment,
therefore service wise
revenue disclosure is
not applicable.
   
   
B.
Information about
geographical areas
   
The major services of
the Company are
proivided to the
customers who are
domiciled in India.
Also, all the assets of
the Company are
located in India.
   
   
C.
Information about
major customers (from
external customers)
   
The Company derives
revenues from the
following customers
which amount to 10
per cent or more of a
Company’s revenues:
   
   
Customer
March
31, 2021
March
31, 2020
Prepay Payment
Services Pvt Ltd
33,265.686,597.63
Epocket Online
Payments Private
Limited
35,604.18-
Madison Incentives
Managemennt Pvt. Ltd
- 3,215.72
41
Related party
disclosures
   
I List of related parties
A. Name and nature of relationship with the related party where control exists:

150. 150
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Ebix Inc. USA - Ultimate Holding Company
Ebixcash Private Limited (Formerly Ebix Software India Private Limited)- Holding Company
ItzCash Payment Solutions Limited - Wholly Owned Subsidiary Company
B.
Fellow subsidiaries of Holding Company or Ultimate Holding Company with whom transactions took
place during current year or previous year
 
Ebix Travels Private Limited
Ebix Smartclass Educational Services Private Limited
Leisure Corp Private Limited
Ebix Money Express Private Limited
Ebix Travel & Holidays Limited (Formerly Mercury Travels Limited)
Ebixcash World Money Limited
Ebix Asia Pacific FZE LLC
C. Key Management Personnel (KMP)
Mr. Robin Raina Director
Mr. Vikas Verma Director
Mr. Satya Bushan Kotru Director
Mr. Sumit Khadria (w.e.f 16 August 2019) Director
Mr. Guruprasad Tiruvanamalai Chandrashekran (w.e.f 16 August 2019) Director
Mr. Rahul Nemichand Chopra
Company
Secretary
IITransactions with related parties are as follow:
   
Particulars March 31, 2021March 31, 2020
Ebixcash Private Limited (Formerly Ebix Software India Private Limited)
Inter-corporate deposits given 5,145.00 11,928.70
Interest income on inter-corporate deposits given 27.82 8.80
Interest cost on inter-corporate deposits taken 24.78 -
Ebix Asia Pacific FZE LLC
Sale of gift cards - 1,849.30
Ebix Inc. USA
Sale of gift cards 161.37 -
Ebix Travels Private Limited
Purchase of tickets using portal of Ebix Travels Private Limited 4,815.15 9,543.33
Sale of gift cards 19.18 11.82
Inter- corporate deposits taken - 2,000.00

151. 151
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Inter-corporate deposits repaid - 2,000.00
Inter-corporate deposits given - 300.00
Inter-corporate deposits repaid 300.00 -
Interest cost on inter-corporate deposits taken - 31.23
Interest income on inter-corporate deposits given - 4.50
Commission paid 93.29 252.79
Ebix Smartclass Educational Services Private Limited
Sale of gift cards 8.04 64.31
Ebix Money Express Private Limited
Sale of gift cards 1.90 -
Trade advances converted in to inter-corporate deposits - 900.00
Inter-corporate deposits given 49,430.00 38,450.43
Inter-corporate deposits repaid 51,980.00 36,070.43
Interest income on inter-corporate deposits given 120.25 134.04
Interest cost on inter-corporate deposits taken 10.98 -
Leisure Corp Private Limited
Sale of gift cards 23.72 22.46
Inter-corporate deposits given - 200.00
Inter-corporate deposits repaid - 200.00
Interest income on inter-corporate deposits given - 10.85
Ebix Travel & Holidays Limited (Formerly Mercury Travels Limited)
Travelling expenses 2.38 25.06
Inter-corporate deposits given - 80.00
Inter-corporate deposits repaid - 80.00
Interest income on inter-corporate deposits given - 0.08
EbixCash World Money Limited
Inter-corporate deposits given 630.00 -
Inter-corporate deposits repaid 630.00 -
Interest income on inter-corporate deposits given 9.49 -
Remuneration
Mr. Rahul Nemichand Chopra 4.20 5.24
Balance outstanding at year end March 31,March 31,April 01,

152. 152
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
2021 2020 2019
Receivable/ (payable)
Interactive Financial & Trading Services Private Limited - - 421.13
Interactive Tradex India Pvt Ltd - - 429.17
Ebix Travels Private Limited (507.75)277.32 -
Ebix Smartclass Educational Services Pvt Ltd 8.03 2.26 2.73
Ebix Money Express Private Limited 951.71 3,400.64900.00
Leisure Corp Private Limited 9.76 28.96 200.00
Ebix Travel & Holidays Limited (Formerly Mercury Travels Limited) 0.50 (2.35) -
EbixCash World Money Limited (9.60) - -
Ebixcash Private Limited (Formerly Ebix Software India Private Limited) 110.74 5.11 -
Transactions with related parties have been disclosed from or upto the date, the parties
became/remain as related parties.
     
42
Details of Loans given, inter corporate deposit, investments made and guarantee given
covered U/s 186(4) of the Companies Act, 2013.
       
       
` March
31, 2020
Deposit
given
Deposit
recovered
March
31, 2021
Inter corporate deposit given
Ebix Money Express Private Limited 3,280.0049,430.0051,980.00730.00
Ebixcash Private Limited - 5,145.005,045.00100.00
Ebix Cash World Money Limited - 630.00630.00-
Ebix Travels Private Limited 300.00- 300.00-
Total 3,580.0055,205.0057,955.00830.00
Particulars
April 01,
2019
Deposit
given
Deposit
recovered
March
31, 2020
Inter corporate deposit given
Ebix Money Express Private Limited - 39,350.4336,070.433,280.00
Ebixcash Private Limited - 11,928.7011,928.70-
Leisure Corporate Private Limited - 200.00200.00-
Ebix Travel & Holidays Limited (previous name "Mercury Travels Limited")- 80.0080.00 -
Ebix Travels Private Limited - 300.00- 300.00
Total - 51,859.1348,279.133,580.00
Inter corporate deposits are provided for business purpose of borrower and are repayable on
demand.
       
Notes:
       

153. 153
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
(i) All above Inter corporate deposits are given at an interest rate of 8.5% p.a.(March 31,
2020: 9% p.a, April 01, 2019: 7% p.a.)
       
(ii) All the above loans are provided for business purpose of respective entities, repayable
on demand with repayment option to the borrowers
       
43Employee benefits
       
       
The Company contributes to the following post employment benefit plans in India
       
       
Defined contribution plan:
       
The Company's contribution to provident and other funds amounts to INR 26.80 lakhs (March 31,
2020: INR 52.63 lakhs). The obligation of the Company is limited to the amount contributed and it
has no further contractual and / or constructive obligation.
       
Post employment benefit obligation:
       
The Company has a defined benefit gratuity plan. Every employee who has completed five years or
more of service is entitled to Gratuity on terms not less favourable than the provisions of the
Payment of Gratuity Act, 1972. The scheme is funded with "New Group Gratuity Cash
Accumulation Plan" managed by Life Insurance Corporation of India.
       
The most recent actuarial valuation of plan assets and the present value of the defined benefit
obligation for gratuity were carried out as at 31 March 2021. The present value of the defined
benefit obligations and the related current service cost and past service cost, were measured using
the Projected Unit Credit Method.
       
The amount recognised in the balance sheet and the movement in the net defined obligation over
the year are as follows :
       
March
31, 2021
March
31,
2020
April 01,
2019
 
(i)Net defined benefit asset/ (liability)
 
Defined benefit obligation 137.29136.59119.29
 
Fair value of plan assets 91.67106.79109.10
 
Plan liability 45.6229.8010.19
 
 
Fair value of planned (liability) /assets
 
Non-Current 42.4926.65
 
Current 3.13 3.15
 
 
 
March
31, 2021
March
31,
2020
 
(ii)Net defined benefit expenses (recognised in statement of profit and loss)
 
Current service cost 14.6616.07
 
Net interest cost on defined benefit obligations 2.06 0.78
 
Net benefit expenses 16.7216.85
 
 

154. 154
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
(iii)Remeasurement (gains) /loss recognised in other comprehensive income (OCI)
March
31, 2021
March
31,
2020
 
 
Actuarial (gain) /loss for the year on present defined benefit obligation (1.08)1.78
 
Actuarial loss for the year on asset 0.18 0.98
 
Actuarial (gain)/loss recognised in OCI (0.90)2.76
 
 
 
(iv)(a) Changes in present value of the defined benefit obligation as follows:
       
 
Particulars
March
31, 2021
March
31,
2020
 
Opening defined benefit obligation 136.59119.29
 
Interest cost on the defined benefit obligation 9.45 9.14
 
Current service cost 14.6616.07
 
Actuarial (gain)/loss on obligation (1.07)1.78
 
Benefits paid (22.33)(9.69)
 
Closing defined benefit obligation 137.29136.59
 
 
(b) Changes in the fair value of plan assets are as follows:
 
 
Particulars
March
31, 2021
March
31,
2020
 
Fair value of plan assets at beginning of the year 106.79109.10
 
Return on plan assets 7.36 7.62
 
FMC charges (0.15)(0.25)
 
Benefits paid (23.33)(9.69)
 
Fair value of plan asset at end of the year 90.67106.79
 
 
(c) Net defined benefit asset /(liability)
       
 
Particulars
March
31, 2021
March
31,
2020
April 01,
2019
 
Present value of defined benefit obligation 137.29136.59119.29
 
Fair value of plan asset 90.67106.79109.1
 
Unfunded liability / provision in Balance sheet 46.6229.8010.19
 
 
(e) Investment Details:
 

155. 155
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Funds managed by insurer (investment with insurer) 100% 100%
 
 
 
(f) Actuarial assumptions used in determining gratuity obligation for the Company's plan are shown
below:
       
 
 
Particulars
March
31, 2021
March
31,
2020
April 01,
2019
 
Discount rate 6.92%6.92%6.92%
 
Salary escalation rate 6.00%6.00%6.00%
 
 
The estimates of rate of escalation in salary considered in actuarial valuation, take into account
inflation, seniority, promotion and other relevant factors including supply and demand in the
employment market. The above information is certified by the actuary.
       
The expected rate of return on plan assets is determined considering several applicable factors,
mainly the composition of plan assets held, assessed risks, historical results of the return on plan
assets and the Company’s policy for plan asset management.
       
The expected contributions for defined benefit plan for the next financial year will be in line with
FY 2020-21
       
       
(g) Maturity profile of defined benefit obligations
       
Year
March
31, 2021
March
31,
2020
   
0 to 1 Year 3.14 31.5
   
1 to 2 Year 4.79 2.85
   
2 to 3 Year 2.87 4.35
   
3 to 4 Year 5.06 2.83
   
4 to 5 Year 2.77 4.75
   
5 to 6 Year 3.49 2.74
   
6 Year onwards 115.18115.93
   
   
(h) Sensitivity analysis:
   
Significant actuarial assumptions for the determination of the defined benefit obligation are
discount rate, expected salary increase and employee turnover. The sensitivity analysis below, have
been determined based on reasonably possible changes of the assumptions occurring at end of the
reporting period, while holding all other assumptions constant. The result of sensitivity analysis is
given below:
       
     
Particulars
March
31, 2021
  March
31, 2020
 
Increase DecreaseIncreaseDecrease
Change in discounting rate (delta effect of +/- 0.5%) (7.59)8.19(7.68)8.30

156. 156
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Change in rate of salary increase (delta effect of +/- 0.5%) 8.22 (7.69)7.54 (7.07)
44Leases
     
     
a.
The Company's significant leasing arrangements are in respect of leases for office spaces only. When measuring
lease liabilities, the Company discounted lease payments using its incremental borrowing rate as at 01 April 2021.
The weighted average rate applied is 9 % per annum.
     
     
b.Amount recognized in balance sheet are as follows:
March
31,
2021
March
31,
2020
April
01,
2019
Right-of-use assets (refer note 4) 208.65299.51-
Current lease liabilities (refer note 24) 91.5775.33-
Non current lease liabilities (refer note 20) 139.53231.10-
231.10306.43-
c.The following amounts are recognized in the statement of profit and loss:
March
31,
2021
March
31,
2020
-Depreciation on right-of-use assets 90.8692.51
-Interest expense on lease liabilities 23.5429.83
-Expenses related to short term leases 4.083.68
-Expenses related to low value assets, excluding short term leases of low value assets 90.8692.51
d.Refer note 45 for contractual maturities of lease liabilities
     
     
45 Financial instruments – Fair values and risk management
           
           
I. Fair value measurements
           
           
A. Financial instruments by category
           
           
The carrying value of financial instruments by categories as of March
31, 2021 is as given under:
           
           
`
March
31, 2021
  March
31, 2020
 
April
01,
2019
 
FVTOCIAmortised Cost FVTOCI
Amortised
Cost
FVTOCI
Amortised
Cost
Financial assets
Non-current investments 20.14 20.14 20.14
Other non-current financial assets - 155.52- 70.51 - 89.92
Trade receivables - 2,162.04- 1,178.01- 2,397.97

157. 157
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Cash and cash equivalents - 3,129.09- 1,578.43- 10,622.83
Bank balances other than cash and cash equivalents - 1,620.64- 1,555.84- 1,479.00
Loans- current - 830.00- 3,580.00- -
Other current financial assets - 7,404.09- 5,066.28- 1,199.43
20.1415,301.3820.1413,029.0720.1415,789.15
Financial liabilities
           
Lease liabilities- non current - 139.53- 231.10- -
Trade payables - 559.43- 903.97- 685.70
Lease liabilities- current - 91.57 - 75.33 - -
Other financial liabilities - 936.37- 959.54- 2,938.26
- 1,726.90- 2,169.94- 3,623.96
B. Fair value hierarchy
           
This section explains the judgements and estimates made in
determining the fair values of the financial instruments that are:
(a) recognised and measured at fair value and
(b) measured at amortised cost and for which fair values are disclosed
in the financial statements.
To provide an indication about the reliability of the inputs used in
determining fair value, the Company has classified its financial
instruments into the three levels prescribed under the accounting
standard. An explanation of each level follows underneath the table.
           
Quoted prices in an active Market (level 1)
           
           
This level of hierarchy includes financial assets that are measured by
reference to quoted prices (unadjusted) in active markets for identical
assets or liabilities. This category consists of assets or liabilities. This
category consists of investment in quoted equity shares, and mutual
fund investments.
           
Valuation techniques with observable inputs (level 2)
           
           
This level of hierarchy includes financial assets and liabilities,
measured using inputs other than quoted prices included within level 1
that are observable for the asset or liability, either directly ( i.e. as
prices) or indirectly ( i.e. derived from prices) .
           
           
Valuation techniques with significant unobservable inputs (level 3)
           
           
This level of hierarchy includes financial assets and liabilities
measured using inputs that are not based on observable market data
(unobservable inputs) . Fair values are determined in whole or in part,
using a valuation model based on assumptions that are neither
supported by prices from observable current market
           
Financial assets measured at fair value - recurring fair value measurements
       
       
March 31,
     

158. 158
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Particulars 2021
Level 1 Level 2
Level
3
Total
Financial Assets
Non-current investments - - 20.1420.14
Total financial assets - - 20.1420.14
Financial assets and liabilities which are measured at amortised cost for which fair values are
disclosed
       
       
Particulars
March 31,
2021
     
Level 1 Level 2
Level
3
Total
Financial Assets
Other non-current financial assets - - 155.52155.52
Trade receivables - - 2,162.042,162.04
Cash and cash equivalents - - 3,129.093,129.09
Bank balances other than cash and cash equivalents - - 1,620.641,620.64
Loans- current - - 830.00830.00
Other current financial assets - - 7,404.097,404.09
Total financial assets - - 15,301.3815,301.38
Financial Liabilities
Lease liabilities- non current - - 139.53139.53
Trade payables - - 559.43559.43
Lease liabilities- current 91.5791.57
Other financial liabilities - - 936.37936.37
Total financial liabilities - - 1,726.901,726.90
Financial assets measured at fair value - recurring fair value measurements
 
Particulars
March 31,
2020
     
Level 1 Level 2
Level
3
Total
Financial Assets
Non-current investments - - 20.1420.14
Total financial assets - - 20.1420.14
Financial assets and liabilities which are measured at amortised cost for which fair values are
disclosed
       

159. 159
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
       
Particulars
March 31,
2020
     
Level 1 Level 2
Level
3
Total
Financial assets
Other non-current financial assets - - 70.5170.51
Trade receivables - - 1,178.011,178.01
Cash and cash equivalents - - 1,578.431,578.43
Bank balances other than cash and cash equivalents - - 1,555.841,555.84
Loans- current - - 3,580.003,580.00
Other current financial assets - - 5,066.285,066.28
- - 13,029.0713,029.07
Financial liabilities
Lease liabilities- non current - - 231.10231.10
Trade payables - - 903.97903.97
Lease liabilities- current 75.3375.33
Other financial liabilities - - 959.54959.54
Total financial liabilities - - 2,169.942,169.94
Financial assets measured at fair value - recurring fair value measurements
       
       
Particulars April 01, 2019
     
Level 1 Level 2
Level
3
Total
Financial Assets
Non-current investments - - 20.1420.14
Total financial assets - - 20.1420.14
Financial assets and liabilities which are measured at amortised cost for which fair values are
disclosed
       
       
Particulars April 01, 2019
     
Level 1 Level 2
Level
3
Total
Financial assets
Other non-current financial assets - - 89.9289.92
Trade receivables - - 2,397.972,397.97

160. 160
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Cash and cash equivalents - - 10,622.8310,622.83
Bank balances other than cash and cash equivalents - - 1,479.001,479.00
Loans- current - - - -
Other current financial assets - - 1,199.431,199.43
Total financial assets - - 15,789.1515,789.15
Financial liabilities
Lease liabilities- non current - - - -
Trade payables - - 685.70685.70
Lease liabilities- current - - - -
Other financial liabilities - - 2,938.262,938.26
Total financial liabilities - - 3,623.963,623.96
C.
Fair value of financial assets and liabilities measured at
amortised cost
             
             
March
31, 2021
  March
31, 2020
    April 01,
2019
 
Particulars
Carrying
Amount
Fair
Value
Carrying
Amount
Fair
Value
  Carrying
Amount
Fair
Value
Financial assets
 
Other non-current financial assets 155.52155.5270.5170.51
 
89.9289.92
Trade receivables 2,162.042,162.041,178.011,178.01
 
2,397.972,397.97
Cash and cash equivalents 3,129.093,129.091,578.431,578.43
 
10,622.8310,622.83
Bank balances other than cash and cash equivalents1,620.641,620.641,555.841,555.84
 
1,479.001,479.00
Loans- current 830.00830.003,580.003,580.00
 
- -
Other current financial assets 7,404.097,404.095,066.285,066.28
 
1,199.431,199.43
15,301.3815,301.3813,029.0713,029.07
 
15,789.1515,789.15
 
Financial liabilities
             
Lease liabilities- non current 139.53139.53231.10231.10
 
- -
Trade payables 559.43559.43903.97903.97
 
685.70685.70
Lease liabilities- current 91.5791.5775.3375.33
 
- -
Other financial liabilities 936.37936.37959.54959.54
 
2,938.262,938.26
1,726.901,726.902,169.942,169.94
 
3,623.963,623.96
 
i. Short-term financial assets and liabilities are stated at carrying
value which is approximately equal to their fair value.
             

161. 161
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
ii. There have been no transfers between level 1, level 2 and
level 3 for the year ended March 31, 2021 and year ended
March 31, 2020.
             
             
             
II.Financial Risk Management
             
             
The Company has exposure to the following risks arising from
financial instruments:
- credit risk;
- liquidity risk; and
- market risk
             
The Company is exposed primarily to credit, liquidity and
market risk which may adversely impact the fair value of its
financial instruments. The Company assesses the
unpredictability of the financial environment and seeks to
mitigate potential adverse effects on the financial performance
of the Company.
             
i. Credit risk
             
Credit risk is the risk of financial loss to Company if a customer
or counterparty to the financial instrument fails to meet its
financial obligations leading to financial loss.
             
Financial instruments that are subject to concentration of credit
risk principally consist of trade receivables, cash and cash
equivalents, other balances with banks and other financial
assets. None of the financial instruments of the Company result
in material concentration of credit risk other than trade
receivable.
             
The Company maintains its cash and cash equivalents and bank
deposits with banks having good reputation, good past track
record and high quality credit rating and also reviews their
credit rating on a timely basis.
             
The carrying value of financial assets represents the maximum
credit risk. The maximum exposure to credit risk was INR
15,301.38 lakhs and INR 13,029.07 lakhs as at March 31, 2021
and March 31, 2020 respectively, being the total carrying value
of investments, trade receivables, cash and cash equivalents,
loans and other current financial assets.
             
             
Trade Receivables
             
Ind AS requires expected credit losses to be measured through a
loss allowance. The Company assesses at each date of
statements of financial position whether a financial asset or a
group of financial assets is impaired. The Company recognises
lifetime expected losses for all contract assets and / or all trade
receivables that do not constitute a financing transaction. For all
other financial assets, expected credit losses are measured at an
amount equal to the 12 months expected credit losses or at an
amount equal to the life time expected credit losses if the credit
risk on the financial asset has increased significantly since
initial recognition.
In determining the allowances for credit losses of trade
receivables, the Company has used a practical expedient by
computing the expected credit loss allowance for trade
receivables based on a provision matrix. The provision matrix

162. 162
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
takes into account historical credit loss experience and is
             

163. 163
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
adjusted for forward looking information. The expected credit
loss allowance is based on the ageing of the receivables that are
due and rates used in the provision matrix.
             
During the period, the Company has made no write-offs of trade
receivables. The Company management also pursue all options
for recovery of dues wherever necessary based on its internal
assessment. All overdue customer balances are evaluated taking
into account the age of the dues, specific credit circumstances,
the track record of the counterparty etc. Loss allowances and
impairment is recognized, where considered appropriate by
management.
             
             
Movements in allowance for credit losses of receivables is as
below:
             
    March
31, 2021
 
March
31,
2020
   
Opening balance
   
-
 
23.38
   
Changes in loss allowance calculated at life time expected
credit losses
   
-
 
(23.38)
   
Closing balance
   
-
 
-
   
ii. Liquidity risk
         
Liquidity risk is the risk that the Company will encounter difficulty in meeting the obligations
associated with its financial liabilities that are to be settled by delivering cash or another financial
asset. The Company’s approach to managing liquidity is to ensure, as far as possible, that it will have
sufficient liquidity to meet its liabilities when they are due, under both normal and stressed
conditions, without incurring unacceptable losses or risking damage to the Company’s reputation.
The Company invests its surplus funds in bank fixed deposit which carry no market risk.The
Company manages liquidity risk by continuously monitoring forecast and actual cash flows, and by
matching the maturity profiles of financial assets and liabilities. The Company has no outstanding
long term borrowing and the Company believes that working capital is sufficient to meet its current
requirements.
         
The following are the remaining contractual maturities of financial liabilities at the reporting date.
The amounts are gross and undiscounted, and excluding contractual interest payments and exclude
the impact of netting agreements.
         
         
Particulars
Carrying
Amounts
March
31, 2021
Contractual
cash flows
     
Upto 1 year
Between
1 and 2
years
Between 2
and 5 years
More
than 5
year
 
Non-derivative financial liabilities
 
Lease liabilities- non current 139.53- 139.53--
 
Trade payables 559.43559.43 - --
 
Lease liabilities- current 91.5791.57 - --
 

164. 164
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Other financial liabilities 936.37928.05 - -8.32 
Total non-derivative liabilities 1,726.901,579.05139.53-8.32
 
 
Particulars
Carrying Amounts
March 31, 2020
Contractual cash flows
     
Upto 1 year Between 1 and 2 yearsBetween 2 and 5 yearsMore than 5 year
Non-derivative financial liabilities
Lease Liabilities- Non Current 231.10 - 91.57 139.53-
Trade payables 903.97 903.97 - - -
Lease Liabilities- Current 75.33 75.33 - - -
Other financial liabilities 959.54 950.26 - - 9.28
Total non-derivative liabilities2,169.94 1,929.56 91.57 139.539.28
Particulars
Carrying Amounts
April 01, 2019
Contractual cash flows
    
Upto 1 year Between 1 and 2 yearsBetween 2 and 5 years More than 5 year
Non-derivative financial liabilities
Lease Liabilities- Non Current - - -
Trade payables 685.70 685.70 - --
Lease Liabilities- Current - - - --
Other financial liabilities 2,938.26 2,928.48 - -9.78
Total non-derivative liabilities 3,623.96 3,614.18 - -9.78
iii. Market risk
 
Market risk is the risk of any loss in future earnings, in realisable fair values or in future cash flows that may results from a change in the
price of a financial instrument.The value of a financial instrument may change as a result of change in the interest rate, foreign currency
exchange rates , liquidity and other market changes . Future specific market movements cannot be normally predicted with reasonable
accuracy.
 
a) Currency risk
 
The Company does not have any exposure in foreign currency and therefore not exposed to currency risk.
 
 
b) Interest rate risk
 
Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market
interest rates. The Company's exposure to the risk of changes in market interest rates primarily relates to the fixed deposits and
borrowings. The Company constantly monitors the credit markets and rebalances its financing strategies to achieve an optimal maturity
profile and financing cost.
 
Exposure to interest rate risk
     
The interest rate profile of the Company 's interest bearing financial instruments at the end of the
reporting period are as follows:
     
     
March 31,March 31,April 01,

165. 165
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Particulars 2021 2020 2019
Fixed rate instruments
Financial assets 1,905.804,568.95437.73
Financial liabilities - -
1,905.804,568.95437.73
Variable rate instruments
Financial assets - -
Financial liabilities - -
- -
Sensitivity analysis
Fixed rate instruments
Fixed rate instruments that are carried at amortised cost are not subject to interest rate risk for the purpose of sensitive analysis.
Variable rate instruments
There is no variable interest rate financial instrument in the Company.
46
The Company has been granted licenses from Reserve Bank of India for operating as Bharat bill payment operating unit under Bharat
Bill Payment System in India which is valid till 30 September 2022 and to set up and operate payment system for semi-closed prepaid
payment instrument services which is valid till 30 November 2025, thereby the Company is also required to comply with the Master
Direction on Issuance and Operation of Prepaid Payment Instruments (as amended) and other circulars and notifications as issued from
time to time.
47
The holding company, along with Ebix Singapore Pte. Ltd. (hereinafter referred to as the Ebix entities), had purchased 13,501,670 equity
shares of the Company on April 1, 2017. During FY 2019-20, the erstwhile shareholders of the Company have raised a dispute with the
Ebix entities alleging breaches of the Share Purchase Agreement (SPA) and Shareholders’ Agreement (SHA), entered into between the
parties and demanding termination of SHA. The matter is under arbitration in accordance with the rules of the Singapore International
Arbitration Centre (“SIAC”). Simultaneously, Ebix entities have also filed application before the National Company Law Tribunal,
Mumbai (“NCLT”) seeking, inter alia, a declaration that the Articles of the Company stand amended pursuant to the termination of the
SHA by erstwhile shareholders. The Management of the Company based upon legal analysis believes that no additional demand shall
devolve upon the Company.
48 Corporate Social Responsibility (CSR) expense
     
As required by Section 135 of the Comapanies Act, 2013, gross amount required to be spent by
the Company during the year was INR 8.96 lakhs (March 31, 2020: Nil) and amount spent by the
Company is INR Nil (March 31, 2020: Nil).
     
Particulars
 
For the
year
ended
   
 
March
31,
2021
March
31,
2020
April
01,
2019
Amount requrired
to be spent during
the year (A)
 
8.96- -
Shortfall amount of
previous year (B)
 
- - -
Total (A) + (B)
 
8.96- -
Amount spent on
CSR
 
- - -

166. 166
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Shortfall amount of
current year (C)
 
8.96- -
49Capital management
The Company manages its capital to ensure that it will be able to continue as going concerns while maximizing the return to stakeholders
through the optimisation of the debt and equity balance.The board of directors of the Company review the capital structure of the
Company on a an ongoing basis. As part of this review, the Board considers the cost of capital and the risks associated with each class of
capital.
The Company monitors capital using gearing ratio which is net debt divided by total equity. Net debt comprises of long term and short
term borrowings less cash and cash equivalent. Equity includes equity share capital and reserves that are managed as capital. The
company is not having any debt as on March 31, 2021 and March 30, 2020.
50Prior year adjustments
During the year, the Company has restated its comparative financial statements to account for the impact of revenue transactions from
sale of semi-closed loop co-branded cards (Gift Cards) which have now been recorded on gross basis. The semi-closed loop co-branded
gift cards business majorly picked up from Janaury 2020 onwards. Further, few other heads of other financial statements line items have
now been correctly grouped wherever considered necessary to make them comparable with those of the current year. The effect of
restatement due to above adjustment is summarised below:
Extract of Balance Sheet as at March 31, 2019
     
Particulars As previously reported Adjustment As restated
Liabilities
Trade payables 3,571.50 (2,885.80) 685.70
Other financial liabilities 9.78 2,928.48 2,938.26
Other current liabilities 6,059.86 (8.28) 6,051.58
Provisions 37.25 (34.40) 2.85
Extract of Balance Sheet as at March 31, 2020
     
Particulars As previously reported Adjustment As restated
Assets
Trade receivables 822.72 355.29 1,178.01
Other current financial assets 5,584.61 (518.33) 5,066.28
Other current assets 1,087.80 706.13 1,793.93
Liabilities
Trade payables 1,482.73 (578.76) 903.97
Other financial liabilities 28.11 922.15 950.26
Other current liabilities 5,205.00 635.76 5,840.76
Provisions 439.21 (436.06) 3.15
Extract of statement of profit and loss for the year ended March 31, 2020
     
Particulars As previously reportedAdjustmentAs restated
Revenue

167. 167
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Revenue from operations 24,941.54 11,319.2636,260.80
Cost
Purchase of stock-in-trade 17,090.52 11,667.8528,758.37
Finance costs 129.02 (62.78) 66.24
Other expenses 7,614.28 (285.81)7,328.47
Extract of statement of cash flows for FY March 31, 2020
     
Particulars As previously reportedAdjustmentAs restated
Cash flows from operating activities (8,945.04) 3,649.58 (5,295.46)
Cash flows from investing activities 99.97 (132.37) (32.40)
Cash flows from financing activities (199.33) (3,517.22)(3,716.55)
51
The outbreak of Coronavirus (CoVID-19) pandemic globally is causing slowdown of economic activity. In many countries, businesses
are being forced to cease or limit their operations for long or indefinite period of time. Measures are taken to contain the spread of the
virus, including travel restrictions, quarantines, social distancing and closure of non-essential services. The potential impact to our
results going forward will depend to a large extent on future developments regarding COVID-19 that cannot be accurately predicted at
this point in time, including the duration and severity of the pandemic, the extent and effectiveness of containment actions and the
impact of these and other factors on our employees, customers, and vendors. The Company, as on the date of approval of the financial
statements believes there is no significant impact of COVID-19 on the underlying assumptions and estimates that have been used to
prepare these statements.
This is the summary of significant accounting policies and other explanatory information
referred to in our report of even date
     
For Walker Chandiok & Co LLP
For and on behalf of the Board
of Directors of
Ebix Payment Services Private
Limited
  
ICAI firm registration number : 001076N/N500013
Chartered Accountants
Rohit Arora Satya Bushan Kotru
Vikas
Verma
Partner Director Director
Membership number: 504774 DIN: 01729176
DIN:
03511116
For KG Somani & Co LLP
Chartered Accountants Rahul Nemichand Chopra
Firm Reg No.: 006591N/N500377 Company Secretary
Membership number: 41826
Varun Sharma
Partner
Membership number: 512916

168. 168
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Place: Noida
Date: October 30, 2021
[400600] Notes - Property, plant and equipment
Disclosure of additional information about property plant and equipment [Table] ..(1)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Buildings [Member] Other building [Member]
Sub classes of property, plant and equipment [Axis]Owned and leased assets [Member]Owned and leased assets [Member]
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
Disclosure of property, plant and equipment [TextBlock]
   Disclosure of detailed information about property,
   plant and equipment [TextBlock]
      Disclosure of additional information about
      property plant and equipment [Abstract]
         Disclosure of additional information about
         property plant and equipment [Line items]
            Depreciation method, property, plant and
            equipment
Refer to child
member
Refer to child
member
Refer to child
member
Refer to child
member
            Useful lives or depreciation rates, property,
            plant and equipment
Refer to child
member
Refer to child
member
Refer to child
member
Refer to child
member
            Whether property, plant and equipment are
            stated at revalued amount
No No No No
Disclosure of additional information about property plant and equipment [Table] ..(2)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Other building [Member] Plant and equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member] Owned and leased assets [Member]
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
Disclosure of property, plant and equipment [TextBlock]
   Disclosure of detailed information about property,
   plant and equipment [TextBlock]
      Disclosure of additional information about
      property plant and equipment [Abstract]
         Disclosure of additional information about
         property plant and equipment [Line items]
            Depreciation method, property, plant and
            equipment
Straight Line
Method
Straight Line Method
Refer to child
member
Refer to child
member
            Useful lives or depreciation rates, property,
            plant and equipment
As per Schedule II
of the Companies
Act, 2013
As per Schedule II of
the Companies Act,
2013
Refer to child
member
Refer to child
member
            Whether property, plant and equipment are
            stated at revalued amount
No No No No
Disclosure of additional information about property plant and equipment [Table] ..(3)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Other plant and equipment [Member]
Sub classes of property, plant and equipment [Axis]Owned and leased assets [Member] Owned assets [Member]
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
Disclosure of property, plant and equipment [TextBlock]
   Disclosure of detailed information about property,
   plant and equipment [TextBlock]
      Disclosure of additional information about
      property plant and equipment [Abstract]
         Disclosure of additional information about
         property plant and equipment [Line items]
            Depreciation method, property, plant and
            equipment
Refer to child
member
Refer to child
member
Straight Line
Method
Straight Line Method
            Useful lives or depreciation rates, property,
            plant and equipment
Refer to child
member
Refer to child
member
5 years 5 years
            Whether property, plant and equipment are
            stated at revalued amount
No No No No

169. 169
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Disclosure of additional information about property plant and equipment [Table] ..(4)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Furniture and fixtures [Member]
Sub classes of property, plant and equipment [Axis]Owned and leased assets [Member] Owned assets [Member]
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
Disclosure of property, plant and equipment [TextBlock]
   Disclosure of detailed information about property,
   plant and equipment [TextBlock]
      Disclosure of additional information about
      property plant and equipment [Abstract]
         Disclosure of additional information about
         property plant and equipment [Line items]
            Depreciation method, property, plant and
            equipment
Refer to child
member
Refer to child
member
Straight Line
Method
Straight Line Method
            Useful lives or depreciation rates, property,
            plant and equipment
Refer to child
member
Refer to child
member
5 years 5 years
            Whether property, plant and equipment are
            stated at revalued amount
No No No No
Disclosure of additional information about property plant and equipment [Table] ..(5)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Computer equipments [Member]
Sub classes of property, plant and equipment [Axis]Owned and leased assets [Member] Owned assets [Member]
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
Disclosure of property, plant and equipment [TextBlock]
   Disclosure of detailed information about property,
   plant and equipment [TextBlock]
      Disclosure of additional information about
      property plant and equipment [Abstract]
         Disclosure of additional information about
         property plant and equipment [Line items]
            Depreciation method, property, plant and
            equipment
Refer to child
member
Refer to child
member
Straight Line
Method
Straight Line Method
            Useful lives or depreciation rates, property,
            plant and equipment
Refer to child
member
Refer to child
member
3 years 3 years
            Whether property, plant and equipment are
            stated at revalued amount
No No No No
Disclosure of additional information about property plant and equipment [Table] ..(6)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Leasehold improvements [Member]
Sub classes of property, plant and equipment [Axis]Owned and leased assets [Member] Owned assets [Member]
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
Disclosure of property, plant and equipment [TextBlock]
   Disclosure of detailed information about property,
   plant and equipment [TextBlock]
      Disclosure of additional information about
      property plant and equipment [Abstract]
         Disclosure of additional information about
         property plant and equipment [Line items]
            Depreciation method, property, plant and
            equipment
Refer to child
member
Refer to child
member
Straight Line
Method
Straight Line Method
            Useful lives or depreciation rates, property,
            plant and equipment
Refer to child
member
Refer to child
member
Over the lease
period
Over the lease period
            Whether property, plant and equipment are
            stated at revalued amount
No No No No

170. 170
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Disclosure of detailed information about property, plant and equipment [Table] ..(1)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Property, plant and equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying
amount [Axis]
Carrying amount [Member]
Gross carrying
amount [Member]
31/03/2021 31/03/2020 31/03/2019
01/04/2020
to
31/03/2021
Disclosure of property, plant and equipment [TextBlock]
   Disclosure of detailed information about property,
   plant and equipment [TextBlock]
      Disclosure of detailed information about property,
      plant and equipment [Abstract]
         Disclosure of detailed information about
         property, plant and equipment [Line items]
            Reconciliation of changes in property, plant
            and equipment [Abstract]
               Changes in property, plant and equipment
               [Abstract]
                  Additions other than through business
                  combinations, property, plant and
                  equipment
123.49
                  Disposals and retirements, property,
                  plant and equipment [Abstract]
                     Disposals, property, plant and
                     equipment
0
                     Total disposals and retirements,
                     property, plant and equipment
0
                  Total increase (decrease) in property,
                  plant and equipment
123.49
               Property, plant and equipment at end of
               period
(A)   387.82 (B)   409.57 10.91 650.5
Footnotes
(A)Property, plant and equipment 179.17 Right-of-use assets 208.65
(B)Property, plant and equipment 110.06 Right-of-use assets 299.51

171. 171
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Disclosure of detailed information about property, plant and equipment [Table] ..(2)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Property, plant and equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying
amount [Axis]
Gross carrying amount [Member]
Accumulated depreciation and
impairment [Member]
01/04/2019
to
31/03/2020
31/03/2019
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
Disclosure of property, plant and equipment [TextBlock]
   Disclosure of detailed information about property,
   plant and equipment [TextBlock]
      Disclosure of detailed information about property,
      plant and equipment [Abstract]
         Disclosure of detailed information about
         property, plant and equipment [Line items]
            Reconciliation of changes in property, plant
            and equipment [Abstract]
               Changes in property, plant and equipment
               [Abstract]
                  Additions other than through business
                  combinations, property, plant and
                  equipment
512.49 11.31
                  Depreciation, property, plant and
                  equipment [Abstract]
                     Depreciation recognised in profit or
                     loss
145.24 113.83
                     Total Depreciation property plant and
                     equipment
145.24 113.83
                  Disposals and retirements, property,
                  plant and equipment [Abstract]
                     Disposals, property, plant and
                     equipment
0 0 0 0
                     Total disposals and retirements,
                     property, plant and equipment
0 0 0 0
                  Total increase (decrease) in property,
                  plant and equipment
512.49 11.31 145.24 113.83
               Property, plant and equipment at end of
               period
527.01 14.52 262.68 117.44

172. 172
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Disclosure of detailed information about property, plant and equipment [Table] ..(3)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis]
Property, plant
and equipment
[Member]
Buildings [Member]
Sub classes of property, plant and equipment [Axis]
Owned and leased
assets [Member]
Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying
amount [Axis]
Accumulated
depreciation and
impairment
[Member]
Carrying amount [Member]
31/03/2019
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
31/03/2019
Disclosure of property, plant and equipment [TextBlock]
   Disclosure of detailed information about property,
   plant and equipment [TextBlock]
      Disclosure of detailed information about property,
      plant and equipment [Abstract]
         Disclosure of detailed information about
         property, plant and equipment [Line items]
            Reconciliation of changes in property, plant
            and equipment [Abstract]
               Changes in property, plant and equipment
               [Abstract]
                  Additions other than through business
                  combinations, property, plant and
                  equipment
0 392.02 0
                  Depreciation, property, plant and
                  equipment [Abstract]
                     Depreciation recognised in profit or
                     loss
2.71 -90.86 -92.51 0
                     Total Depreciation property plant and
                     equipment
2.71 -90.86 -92.51 0
                  Disposals and retirements, property,
                  plant and equipment [Abstract]
                     Disposals, property, plant and
                     equipment
0 0 0 0
                     Total disposals and retirements,
                     property, plant and equipment
0 0 0 0
                  Total increase (decrease) in property,
                  plant and equipment
2.71 -90.86 299.51 0
               Property, plant and equipment at end of
               period
3.61 208.65 299.51 0

173. 173
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Disclosure of detailed information about property, plant and equipment [Table] ..(4)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Buildings [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying
amount [Axis]
Gross carrying amount [Member]
Accumulated
depreciation and
impairment
[Member]
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
31/03/2019
01/04/2020
to
31/03/2021
Disclosure of property, plant and equipment [TextBlock]
   Disclosure of detailed information about property,
   plant and equipment [TextBlock]
      Disclosure of detailed information about property,
      plant and equipment [Abstract]
         Disclosure of detailed information about
         property, plant and equipment [Line items]
            Reconciliation of changes in property, plant
            and equipment [Abstract]
               Changes in property, plant and equipment
               [Abstract]
                  Additions other than through business
                  combinations, property, plant and
                  equipment
0 392.02 0
                  Depreciation, property, plant and
                  equipment [Abstract]
                     Depreciation recognised in profit or
                     loss
90.86
                     Total Depreciation property plant and
                     equipment
90.86
                  Disposals and retirements, property,
                  plant and equipment [Abstract]
                     Disposals, property, plant and
                     equipment
0 0 0 0
                     Total disposals and retirements,
                     property, plant and equipment
0 0 0 0
                  Total increase (decrease) in property,
                  plant and equipment
0 392.02 0 90.86
               Property, plant and equipment at end of
               period
392.02 392.02 0 183.37

174. 174
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Disclosure of detailed information about property, plant and equipment [Table] ..(5)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Buildings [Member]
Sub classes of property, plant and equipment [Axis]Owned and leased assets [Member] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying
amount [Axis]
Accumulated depreciation and
impairment [Member]
Gross carrying amount [Member]
01/04/2019
to
31/03/2020
31/03/2019
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
Disclosure of property, plant and equipment [TextBlock]
   Disclosure of detailed information about property,
   plant and equipment [TextBlock]
      Disclosure of detailed information about property,
      plant and equipment [Abstract]
         Disclosure of detailed information about
         property, plant and equipment [Line items]
            Reconciliation of changes in property, plant
            and equipment [Abstract]
               Changes in property, plant and equipment
               [Abstract]
                  Additions other than through business
                  combinations, property, plant and
                  equipment
0 392.02
                  Depreciation, property, plant and
                  equipment [Abstract]
                     Depreciation recognised in profit or
                     loss
92.51 0
                     Total Depreciation property plant and
                     equipment
92.51 0
                  Disposals and retirements, property,
                  plant and equipment [Abstract]
                     Disposals, property, plant and
                     equipment
0 0 0 0
                     Total disposals and retirements,
                     property, plant and equipment
0 0 0 0
                  Total increase (decrease) in property,
                  plant and equipment
92.51 0 0 392.02
               Property, plant and equipment at end of
               period
92.51 0 392.02 392.02

175. 175
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Disclosure of detailed information about property, plant and equipment [Table] ..(6)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Buildings [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying
amount [Axis]
Gross carrying
amount [Member]
Accumulated depreciation and impairment [Member]
31/03/2019
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
31/03/2019
Disclosure of property, plant and equipment [TextBlock]
   Disclosure of detailed information about property,
   plant and equipment [TextBlock]
      Disclosure of detailed information about property,
      plant and equipment [Abstract]
         Disclosure of detailed information about
         property, plant and equipment [Line items]
            Reconciliation of changes in property, plant
            and equipment [Abstract]
               Changes in property, plant and equipment
               [Abstract]
                  Additions other than through business
                  combinations, property, plant and
                  equipment
0
                  Depreciation, property, plant and
                  equipment [Abstract]
                     Depreciation recognised in profit or
                     loss
90.86 92.51 0
                     Total Depreciation property plant and
                     equipment
90.86 92.51 0
                  Disposals and retirements, property,
                  plant and equipment [Abstract]
                     Disposals, property, plant and
                     equipment
0 0 0 0
                     Total disposals and retirements,
                     property, plant and equipment
0 0 0 0
                  Total increase (decrease) in property,
                  plant and equipment
0 90.86 92.51 0
               Property, plant and equipment at end of
               period
0 183.37 92.51 0

176. 176
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Disclosure of detailed information about property, plant and equipment [Table] ..(7)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Other building [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying
amount [Axis]
Carrying amount [Member]
Gross carrying
amount [Member]
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
31/03/2019
01/04/2020
to
31/03/2021
Disclosure of property, plant and equipment [TextBlock]
   Disclosure of detailed information about property,
   plant and equipment [TextBlock]
      Disclosure of detailed information about property,
      plant and equipment [Abstract]
         Disclosure of detailed information about
         property, plant and equipment [Line items]
            Reconciliation of changes in property, plant
            and equipment [Abstract]
               Changes in property, plant and equipment
               [Abstract]
                  Additions other than through business
                  combinations, property, plant and
                  equipment
0 392.02 0 0
                  Depreciation, property, plant and
                  equipment [Abstract]
                     Depreciation recognised in profit or
                     loss
-90.86 -92.51 0
                     Total Depreciation property plant and
                     equipment
-90.86 -92.51 0
                  Disposals and retirements, property,
                  plant and equipment [Abstract]
                     Disposals, property, plant and
                     equipment
0 0 0 0
                     Total disposals and retirements,
                     property, plant and equipment
0 0 0 0
                  Total increase (decrease) in property,
                  plant and equipment
-90.86 299.51 0 0
               Property, plant and equipment at end of
               period
208.65 299.51 0 392.02

177. 177
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Disclosure of detailed information about property, plant and equipment [Table] ..(8)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Other building [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying
amount [Axis]
Gross carrying amount [Member]
Accumulated depreciation and
impairment [Member]
01/04/2019
to
31/03/2020
31/03/2019
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
Disclosure of property, plant and equipment [TextBlock]
   Disclosure of detailed information about property,
   plant and equipment [TextBlock]
      Disclosure of detailed information about property,
      plant and equipment [Abstract]
         Disclosure of detailed information about
         property, plant and equipment [Line items]
            Reconciliation of changes in property, plant
            and equipment [Abstract]
               Changes in property, plant and equipment
               [Abstract]
                  Additions other than through business
                  combinations, property, plant and
                  equipment
392.02 0
                  Depreciation, property, plant and
                  equipment [Abstract]
                     Depreciation recognised in profit or
                     loss
90.86 92.51
                     Total Depreciation property plant and
                     equipment
90.86 92.51
                  Disposals and retirements, property,
                  plant and equipment [Abstract]
                     Disposals, property, plant and
                     equipment
0 0 0 0
                     Total disposals and retirements,
                     property, plant and equipment
0 0 0 0
                  Total increase (decrease) in property,
                  plant and equipment
392.02 0 90.86 92.51
               Property, plant and equipment at end of
               period
392.02 0 183.37 92.51

178. 178
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Disclosure of detailed information about property, plant and equipment [Table] ..(9)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Other building [Member]
Sub classes of property, plant and equipment [Axis]
Owned and leased
assets [Member]
Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying
amount [Axis]
Accumulated
depreciation and
impairment
[Member]
Carrying amount [Member]
31/03/2019
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
31/03/2019
Disclosure of property, plant and equipment [TextBlock]
   Disclosure of detailed information about property,
   plant and equipment [TextBlock]
      Disclosure of detailed information about property,
      plant and equipment [Abstract]
         Disclosure of detailed information about
         property, plant and equipment [Line items]
            Reconciliation of changes in property, plant
            and equipment [Abstract]
               Changes in property, plant and equipment
               [Abstract]
                  Additions other than through business
                  combinations, property, plant and
                  equipment
0 392.02 0
                  Depreciation, property, plant and
                  equipment [Abstract]
                     Depreciation recognised in profit or
                     loss
0 -90.86 -92.51 0
                     Total Depreciation property plant and
                     equipment
0 -90.86 -92.51 0
                  Disposals and retirements, property,
                  plant and equipment [Abstract]
                     Disposals, property, plant and
                     equipment
0 0 0 0
                     Total disposals and retirements,
                     property, plant and equipment
0 0 0 0
                  Total increase (decrease) in property,
                  plant and equipment
0 -90.86 299.51 0
               Property, plant and equipment at end of
               period
0 208.65 299.51 (A)   0
Footnotes
(A)Right of Use Assets

179. 179
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Disclosure of detailed information about property, plant and equipment [Table] ..(10)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Other building [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying
amount [Axis]
Gross carrying amount [Member]
Accumulated
depreciation and
impairment
[Member]
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
31/03/2019
01/04/2020
to
31/03/2021
Disclosure of property, plant and equipment [TextBlock]
   Disclosure of detailed information about property,
   plant and equipment [TextBlock]
      Disclosure of detailed information about property,
      plant and equipment [Abstract]
         Disclosure of detailed information about
         property, plant and equipment [Line items]
            Reconciliation of changes in property, plant
            and equipment [Abstract]
               Changes in property, plant and equipment
               [Abstract]
                  Additions other than through business
                  combinations, property, plant and
                  equipment
0 (C)   392.02 0
                  Depreciation, property, plant and
                  equipment [Abstract]
                     Depreciation recognised in profit or
                     loss
90.86
                     Total Depreciation property plant and
                     equipment
90.86
                  Disposals and retirements, property,
                  plant and equipment [Abstract]
                     Disposals, property, plant and
                     equipment
0 0 0 0
                     Total disposals and retirements,
                     property, plant and equipment
0 0 0 0
                  Total increase (decrease) in property,
                  plant and equipment
0 392.02 0 90.86
               Property, plant and equipment at end of
               period
392.02 (A)   392.02 (B)   0 183.37
Footnotes
(A)Right-of-use assets
(B)Right of Use Assets
(C)* Pursuant to adoption of Ind AS 116

180. 180
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Disclosure of detailed information about property, plant and equipment [Table] ..(11)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Other building [Member] Plant and equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying
amount [Axis]
Accumulated depreciation and
impairment [Member]
Carrying amount [Member]
01/04/2019
to
31/03/2020
31/03/2019
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
Disclosure of property, plant and equipment [TextBlock]
   Disclosure of detailed information about property,
   plant and equipment [TextBlock]
      Disclosure of detailed information about property,
      plant and equipment [Abstract]
         Disclosure of detailed information about
         property, plant and equipment [Line items]
            Reconciliation of changes in property, plant
            and equipment [Abstract]
               Changes in property, plant and equipment
               [Abstract]
                  Additions other than through business
                  combinations, property, plant and
                  equipment
0 0
                  Depreciation, property, plant and
                  equipment [Abstract]
                     Depreciation recognised in profit or
                     loss
92.51 0 -1.79 -1.77
                     Total Depreciation property plant and
                     equipment
92.51 0 -1.79 -1.77
                  Disposals and retirements, property,
                  plant and equipment [Abstract]
                     Disposals, property, plant and
                     equipment
0 0 0 0
                     Total disposals and retirements,
                     property, plant and equipment
0 0 0 0
                  Total increase (decrease) in property,
                  plant and equipment
92.51 0 -1.79 -1.77
               Property, plant and equipment at end of
               period
92.51 (A)   0 4.15 5.94
Footnotes
(A)Right of Use Assets

181. 181
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Disclosure of detailed information about property, plant and equipment [Table] ..(12)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Plant and equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying
amount [Axis]
Carrying amount
[Member]
Gross carrying amount [Member]
31/03/2019
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
31/03/2019
Disclosure of property, plant and equipment [TextBlock]
   Disclosure of detailed information about property,
   plant and equipment [TextBlock]
      Disclosure of detailed information about property,
      plant and equipment [Abstract]
         Disclosure of detailed information about
         property, plant and equipment [Line items]
            Reconciliation of changes in property, plant
            and equipment [Abstract]
               Changes in property, plant and equipment
               [Abstract]
                  Additions other than through business
                  combinations, property, plant and
                  equipment
9.12 0 0 9.12
                  Depreciation, property, plant and
                  equipment [Abstract]
                     Depreciation recognised in profit or
                     loss
-1.69
                     Total Depreciation property plant and
                     equipment
-1.69
                  Disposals and retirements, property,
                  plant and equipment [Abstract]
                     Disposals, property, plant and
                     equipment
0 0 0 0
                     Total disposals and retirements,
                     property, plant and equipment
0 0 0 0
                  Total increase (decrease) in property,
                  plant and equipment
7.43 0 0 9.12
               Property, plant and equipment at end of
               period
7.71 9.4 9.4 9.4

182. 182
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Disclosure of detailed information about property, plant and equipment [Table] ..(13)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Plant and equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Owned assets
[Member]
Carrying amount accumulated depreciation and gross carrying
amount [Axis]
Accumulated depreciation and impairment [Member]
Gross carrying
amount [Member]
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
31/03/2019
01/04/2020
to
31/03/2021
Disclosure of property, plant and equipment [TextBlock]
   Disclosure of detailed information about property,
   plant and equipment [TextBlock]
      Disclosure of detailed information about property,
      plant and equipment [Abstract]
         Disclosure of detailed information about
         property, plant and equipment [Line items]
            Reconciliation of changes in property, plant
            and equipment [Abstract]
               Changes in property, plant and equipment
               [Abstract]
                  Additions other than through business
                  combinations, property, plant and
                  equipment
0
                  Depreciation, property, plant and
                  equipment [Abstract]
                     Depreciation recognised in profit or
                     loss
1.79 1.77 1.69
                     Total Depreciation property plant and
                     equipment
1.79 1.77 1.69
                  Disposals and retirements, property,
                  plant and equipment [Abstract]
                     Disposals, property, plant and
                     equipment
0 0 0 0
                     Total disposals and retirements,
                     property, plant and equipment
0 0 0 0
                  Total increase (decrease) in property,
                  plant and equipment
1.79 1.77 1.69 0
               Property, plant and equipment at end of
               period
5.25 3.46 1.69 9.4

183. 183
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Disclosure of detailed information about property, plant and equipment [Table] ..(14)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Plant and equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying
amount [Axis]
Gross carrying amount [Member]
Accumulated depreciation and
impairment [Member]
01/04/2019
to
31/03/2020
31/03/2019
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
Disclosure of property, plant and equipment [TextBlock]
   Disclosure of detailed information about property,
   plant and equipment [TextBlock]
      Disclosure of detailed information about property,
      plant and equipment [Abstract]
         Disclosure of detailed information about
         property, plant and equipment [Line items]
            Reconciliation of changes in property, plant
            and equipment [Abstract]
               Changes in property, plant and equipment
               [Abstract]
                  Additions other than through business
                  combinations, property, plant and
                  equipment
0 9.12
                  Depreciation, property, plant and
                  equipment [Abstract]
                     Depreciation recognised in profit or
                     loss
1.79 1.77
                     Total Depreciation property plant and
                     equipment
1.79 1.77
                  Disposals and retirements, property,
                  plant and equipment [Abstract]
                     Disposals, property, plant and
                     equipment
0 0 0 0
                     Total disposals and retirements,
                     property, plant and equipment
0 0 0 0
                  Total increase (decrease) in property,
                  plant and equipment
0 9.12 1.79 1.77
               Property, plant and equipment at end of
               period
9.4 9.4 5.25 3.46

184. 184
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Disclosure of detailed information about property, plant and equipment [Table] ..(15)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis]
Plant and
equipment
[Member]
Other plant and equipment [Member]
Sub classes of property, plant and equipment [Axis]
Owned assets
[Member]
Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying
amount [Axis]
Accumulated
depreciation and
impairment
[Member]
Carrying amount [Member]
31/03/2019
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
31/03/2019
Disclosure of property, plant and equipment [TextBlock]
   Disclosure of detailed information about property,
   plant and equipment [TextBlock]
      Disclosure of detailed information about property,
      plant and equipment [Abstract]
         Disclosure of detailed information about
         property, plant and equipment [Line items]
            Reconciliation of changes in property, plant
            and equipment [Abstract]
               Changes in property, plant and equipment
               [Abstract]
                  Additions other than through business
                  combinations, property, plant and
                  equipment
0 0 9.12
                  Depreciation, property, plant and
                  equipment [Abstract]
                     Depreciation recognised in profit or
                     loss
1.69 -1.79 -1.77 -1.69
                     Total Depreciation property plant and
                     equipment
1.69 -1.79 -1.77 -1.69
                  Disposals and retirements, property,
                  plant and equipment [Abstract]
                     Disposals, property, plant and
                     equipment
0 0 0 0
                     Total disposals and retirements,
                     property, plant and equipment
0 0 0 0
                  Total increase (decrease) in property,
                  plant and equipment
1.69 -1.79 -1.77 7.43
               Property, plant and equipment at end of
               period
1.69 4.15 5.94 7.71

185. 185
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Disclosure of detailed information about property, plant and equipment [Table] ..(16)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Other plant and equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying
amount [Axis]
Gross carrying amount [Member]
Accumulated
depreciation and
impairment
[Member]
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
31/03/2019
01/04/2020
to
31/03/2021
Disclosure of property, plant and equipment [TextBlock]
   Disclosure of detailed information about property,
   plant and equipment [TextBlock]
      Disclosure of detailed information about property,
      plant and equipment [Abstract]
         Disclosure of detailed information about
         property, plant and equipment [Line items]
            Reconciliation of changes in property, plant
            and equipment [Abstract]
               Changes in property, plant and equipment
               [Abstract]
                  Additions other than through business
                  combinations, property, plant and
                  equipment
0 0 9.12
                  Depreciation, property, plant and
                  equipment [Abstract]
                     Depreciation recognised in profit or
                     loss
1.79
                     Total Depreciation property plant and
                     equipment
1.79
                  Disposals and retirements, property,
                  plant and equipment [Abstract]
                     Disposals, property, plant and
                     equipment
0 0 0 0
                     Total disposals and retirements,
                     property, plant and equipment
0 0 0 0
                  Total increase (decrease) in property,
                  plant and equipment
0 0 9.12 1.79
               Property, plant and equipment at end of
               period
9.4 9.4 9.4 5.25

186. 186
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Disclosure of detailed information about property, plant and equipment [Table] ..(17)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Other plant and equipment [Member]
Sub classes of property, plant and equipment [Axis]Owned and leased assets [Member] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying
amount [Axis]
Accumulated depreciation and
impairment [Member]
Carrying amount [Member]
01/04/2019
to
31/03/2020
31/03/2019
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
Disclosure of property, plant and equipment [TextBlock]
   Disclosure of detailed information about property,
   plant and equipment [TextBlock]
      Disclosure of detailed information about property,
      plant and equipment [Abstract]
         Disclosure of detailed information about
         property, plant and equipment [Line items]
            Reconciliation of changes in property, plant
            and equipment [Abstract]
               Changes in property, plant and equipment
               [Abstract]
                  Additions other than through business
                  combinations, property, plant and
                  equipment
0 0
                  Depreciation, property, plant and
                  equipment [Abstract]
                     Depreciation recognised in profit or
                     loss
1.77 1.69 -1.79 -1.77
                     Total Depreciation property plant and
                     equipment
1.77 1.69 -1.79 -1.77
                  Disposals and retirements, property,
                  plant and equipment [Abstract]
                     Disposals, property, plant and
                     equipment
0 0 0 0
                     Total disposals and retirements,
                     property, plant and equipment
0 0 0 0
                  Total increase (decrease) in property,
                  plant and equipment
1.77 1.69 -1.79 -1.77
               Property, plant and equipment at end of
               period
3.46 1.69 4.15 5.94

187. 187
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Disclosure of detailed information about property, plant and equipment [Table] ..(18)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Other plant and equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying
amount [Axis]
Carrying amount
[Member]
Gross carrying amount [Member]
31/03/2019
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
31/03/2019
Disclosure of property, plant and equipment [TextBlock]
   Disclosure of detailed information about property,
   plant and equipment [TextBlock]
      Disclosure of detailed information about property,
      plant and equipment [Abstract]
         Disclosure of detailed information about
         property, plant and equipment [Line items]
            Reconciliation of changes in property, plant
            and equipment [Abstract]
               Changes in property, plant and equipment
               [Abstract]
                  Additions other than through business
                  combinations, property, plant and
                  equipment
9.12 0 0 9.12
                  Depreciation, property, plant and
                  equipment [Abstract]
                     Depreciation recognised in profit or
                     loss
-1.69
                     Total Depreciation property plant and
                     equipment
-1.69
                  Disposals and retirements, property,
                  plant and equipment [Abstract]
                     Disposals, property, plant and
                     equipment
0 0 0 0
                     Total disposals and retirements,
                     property, plant and equipment
0 0 0 0
                  Total increase (decrease) in property,
                  plant and equipment
7.43 0 0 9.12
               Property, plant and equipment at end of
               period
7.71 9.4 (A)   9.4 (B)   9.4
Footnotes
(A)Office equipment
(B)Office equipment

188. 188
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Disclosure of detailed information about property, plant and equipment [Table] ..(19)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Other plant and equipment [Member]
Furniture and
fixtures [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Owned and leased
assets [Member]
Carrying amount accumulated depreciation and gross carrying
amount [Axis]
Accumulated depreciation and impairment [Member]
Carrying amount
[Member]
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
31/03/2019
01/04/2020
to
31/03/2021
Disclosure of property, plant and equipment [TextBlock]
   Disclosure of detailed information about property,
   plant and equipment [TextBlock]
      Disclosure of detailed information about property,
      plant and equipment [Abstract]
         Disclosure of detailed information about
         property, plant and equipment [Line items]
            Reconciliation of changes in property, plant
            and equipment [Abstract]
               Changes in property, plant and equipment
               [Abstract]
                  Additions other than through business
                  combinations, property, plant and
                  equipment
0
                  Depreciation, property, plant and
                  equipment [Abstract]
                     Depreciation recognised in profit or
                     loss
1.79 1.77 1.69 -0.41
                     Total Depreciation property plant and
                     equipment
1.79 1.77 1.69 -0.41
                  Disposals and retirements, property,
                  plant and equipment [Abstract]
                     Disposals, property, plant and
                     equipment
0 0 0 0
                     Total disposals and retirements,
                     property, plant and equipment
0 0 0 0
                  Total increase (decrease) in property,
                  plant and equipment
1.79 1.77 1.69 -0.41
               Property, plant and equipment at end of
               period
5.25 3.46 1.69 1.27

189. 189
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Disclosure of detailed information about property, plant and equipment [Table] ..(20)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Furniture and fixtures [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying
amount [Axis]
Carrying amount [Member] Gross carrying amount [Member]
01/04/2019
to
31/03/2020
31/03/2019
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
Disclosure of property, plant and equipment [TextBlock]
   Disclosure of detailed information about property,
   plant and equipment [TextBlock]
      Disclosure of detailed information about property,
      plant and equipment [Abstract]
         Disclosure of detailed information about
         property, plant and equipment [Line items]
            Reconciliation of changes in property, plant
            and equipment [Abstract]
               Changes in property, plant and equipment
               [Abstract]
                  Additions other than through business
                  combinations, property, plant and
                  equipment
0 2.19 0 0
                  Depreciation, property, plant and
                  equipment [Abstract]
                     Depreciation recognised in profit or
                     loss
-0.42 -0.09
                     Total Depreciation property plant and
                     equipment
-0.42 -0.09
                  Disposals and retirements, property,
                  plant and equipment [Abstract]
                     Disposals, property, plant and
                     equipment
0 0 0 0
                     Total disposals and retirements,
                     property, plant and equipment
0 0 0 0
                  Total increase (decrease) in property,
                  plant and equipment
-0.42 2.1 0 0
               Property, plant and equipment at end of
               period
1.68 2.1 2.19 2.19

190. 190
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Disclosure of detailed information about property, plant and equipment [Table] ..(21)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Furniture and fixtures [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying
amount [Axis]
Gross carrying
amount [Member]
Accumulated depreciation and impairment [Member]
31/03/2019
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
31/03/2019
Disclosure of property, plant and equipment [TextBlock]
   Disclosure of detailed information about property,
   plant and equipment [TextBlock]
      Disclosure of detailed information about property,
      plant and equipment [Abstract]
         Disclosure of detailed information about
         property, plant and equipment [Line items]
            Reconciliation of changes in property, plant
            and equipment [Abstract]
               Changes in property, plant and equipment
               [Abstract]
                  Additions other than through business
                  combinations, property, plant and
                  equipment
2.19
                  Depreciation, property, plant and
                  equipment [Abstract]
                     Depreciation recognised in profit or
                     loss
0.41 0.42 0.09
                     Total Depreciation property plant and
                     equipment
0.41 0.42 0.09
                  Disposals and retirements, property,
                  plant and equipment [Abstract]
                     Disposals, property, plant and
                     equipment
0 0 0 0
                     Total disposals and retirements,
                     property, plant and equipment
0 0 0 0
                  Total increase (decrease) in property,
                  plant and equipment
2.19 0.41 0.42 0.09
               Property, plant and equipment at end of
               period
2.19 0.92 0.51 0.09

191. 191
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Disclosure of detailed information about property, plant and equipment [Table] ..(22)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Furniture and fixtures [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying
amount [Axis]
Carrying amount [Member]
Gross carrying
amount [Member]
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
31/03/2019
01/04/2020
to
31/03/2021
Disclosure of property, plant and equipment [TextBlock]
   Disclosure of detailed information about property,
   plant and equipment [TextBlock]
      Disclosure of detailed information about property,
      plant and equipment [Abstract]
         Disclosure of detailed information about
         property, plant and equipment [Line items]
            Reconciliation of changes in property, plant
            and equipment [Abstract]
               Changes in property, plant and equipment
               [Abstract]
                  Additions other than through business
                  combinations, property, plant and
                  equipment
0 0 2.19 0
                  Depreciation, property, plant and
                  equipment [Abstract]
                     Depreciation recognised in profit or
                     loss
-0.41 -0.42 -0.09
                     Total Depreciation property plant and
                     equipment
-0.41 -0.42 -0.09
                  Disposals and retirements, property,
                  plant and equipment [Abstract]
                     Disposals, property, plant and
                     equipment
0 0 0 0
                     Total disposals and retirements,
                     property, plant and equipment
0 0 0 0
                  Total increase (decrease) in property,
                  plant and equipment
-0.41 -0.42 2.1 0
               Property, plant and equipment at end of
               period
1.27 1.68 2.1 2.19

192. 192
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Disclosure of detailed information about property, plant and equipment [Table] ..(23)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Furniture and fixtures [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying
amount [Axis]
Gross carrying amount [Member]
Accumulated depreciation and
impairment [Member]
01/04/2019
to
31/03/2020
31/03/2019
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
Disclosure of property, plant and equipment [TextBlock]
   Disclosure of detailed information about property,
   plant and equipment [TextBlock]
      Disclosure of detailed information about property,
      plant and equipment [Abstract]
         Disclosure of detailed information about
         property, plant and equipment [Line items]
            Reconciliation of changes in property, plant
            and equipment [Abstract]
               Changes in property, plant and equipment
               [Abstract]
                  Additions other than through business
                  combinations, property, plant and
                  equipment
0 2.19
                  Depreciation, property, plant and
                  equipment [Abstract]
                     Depreciation recognised in profit or
                     loss
0.41 0.42
                     Total Depreciation property plant and
                     equipment
0.41 0.42
                  Disposals and retirements, property,
                  plant and equipment [Abstract]
                     Disposals, property, plant and
                     equipment
0 0 0 0
                     Total disposals and retirements,
                     property, plant and equipment
0 0 0 0
                  Total increase (decrease) in property,
                  plant and equipment
0 2.19 0.41 0.42
               Property, plant and equipment at end of
               period
2.19 2.19 0.92 0.51

193. 193
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Disclosure of detailed information about property, plant and equipment [Table] ..(24)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis]
Furniture and
fixtures [Member]
Computer equipments [Member]
Sub classes of property, plant and equipment [Axis]
Owned assets
[Member]
Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying
amount [Axis]
Accumulated
depreciation and
impairment
[Member]
Carrying amount [Member]
31/03/2019
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
31/03/2019
Disclosure of property, plant and equipment [TextBlock]
   Disclosure of detailed information about property,
   plant and equipment [TextBlock]
      Disclosure of detailed information about property,
      plant and equipment [Abstract]
         Disclosure of detailed information about
         property, plant and equipment [Line items]
            Reconciliation of changes in property, plant
            and equipment [Abstract]
               Changes in property, plant and equipment
               [Abstract]
                  Additions other than through business
                  combinations, property, plant and
                  equipment
101.22 30.92 0
                  Depreciation, property, plant and
                  equipment [Abstract]
                     Depreciation recognised in profit or
                     loss
0.09 -20.51 -4.95 -0.93
                     Total Depreciation property plant and
                     equipment
0.09 -20.51 -4.95 -0.93
                  Disposals and retirements, property,
                  plant and equipment [Abstract]
                     Disposals, property, plant and
                     equipment
0 0 0 0
                     Total disposals and retirements,
                     property, plant and equipment
0 0 0 0
                  Total increase (decrease) in property,
                  plant and equipment
0.09 80.71 25.97 -0.93
               Property, plant and equipment at end of
               period
0.09 107.78 27.07 1.1

194. 194
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Disclosure of detailed information about property, plant and equipment [Table] ..(25)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Computer equipments [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying
amount [Axis]
Gross carrying amount [Member]
Accumulated
depreciation and
impairment
[Member]
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
31/03/2019
01/04/2020
to
31/03/2021
Disclosure of property, plant and equipment [TextBlock]
   Disclosure of detailed information about property,
   plant and equipment [TextBlock]
      Disclosure of detailed information about property,
      plant and equipment [Abstract]
         Disclosure of detailed information about
         property, plant and equipment [Line items]
            Reconciliation of changes in property, plant
            and equipment [Abstract]
               Changes in property, plant and equipment
               [Abstract]
                  Additions other than through business
                  combinations, property, plant and
                  equipment
101.22 30.92 0
                  Depreciation, property, plant and
                  equipment [Abstract]
                     Depreciation recognised in profit or
                     loss
20.51
                     Total Depreciation property plant and
                     equipment
20.51
                  Disposals and retirements, property,
                  plant and equipment [Abstract]
                     Disposals, property, plant and
                     equipment
0 0 0 0
                     Total disposals and retirements,
                     property, plant and equipment
0 0 0 0
                  Total increase (decrease) in property,
                  plant and equipment
101.22 30.92 0 20.51
               Property, plant and equipment at end of
               period
135.07 33.85 2.93 27.29

195. 195
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Disclosure of detailed information about property, plant and equipment [Table] ..(26)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Computer equipments [Member]
Sub classes of property, plant and equipment [Axis]Owned and leased assets [Member] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying
amount [Axis]
Accumulated depreciation and
impairment [Member]
Carrying amount [Member]
01/04/2019
to
31/03/2020
31/03/2019
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
Disclosure of property, plant and equipment [TextBlock]
   Disclosure of detailed information about property,
   plant and equipment [TextBlock]
      Disclosure of detailed information about property,
      plant and equipment [Abstract]
         Disclosure of detailed information about
         property, plant and equipment [Line items]
            Reconciliation of changes in property, plant
            and equipment [Abstract]
               Changes in property, plant and equipment
               [Abstract]
                  Additions other than through business
                  combinations, property, plant and
                  equipment
101.22 30.92
                  Depreciation, property, plant and
                  equipment [Abstract]
                     Depreciation recognised in profit or
                     loss
4.95 0.93 -20.51 -4.95
                     Total Depreciation property plant and
                     equipment
4.95 0.93 -20.51 -4.95
                  Disposals and retirements, property,
                  plant and equipment [Abstract]
                     Disposals, property, plant and
                     equipment
0 0 0 0
                     Total disposals and retirements,
                     property, plant and equipment
0 0 0 0
                  Total increase (decrease) in property,
                  plant and equipment
4.95 0.93 80.71 25.97
               Property, plant and equipment at end of
               period
6.78 1.83 107.78 27.07

196. 196
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Disclosure of detailed information about property, plant and equipment [Table] ..(27)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Computer equipments [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying
amount [Axis]
Carrying amount
[Member]
Gross carrying amount [Member]
31/03/2019
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
31/03/2019
Disclosure of property, plant and equipment [TextBlock]
   Disclosure of detailed information about property,
   plant and equipment [TextBlock]
      Disclosure of detailed information about property,
      plant and equipment [Abstract]
         Disclosure of detailed information about
         property, plant and equipment [Line items]
            Reconciliation of changes in property, plant
            and equipment [Abstract]
               Changes in property, plant and equipment
               [Abstract]
                  Additions other than through business
                  combinations, property, plant and
                  equipment
0 101.22 30.92 0
                  Depreciation, property, plant and
                  equipment [Abstract]
                     Depreciation recognised in profit or
                     loss
-0.93
                     Total Depreciation property plant and
                     equipment
-0.93
                  Disposals and retirements, property,
                  plant and equipment [Abstract]
                     Disposals, property, plant and
                     equipment
0 0 0 0
                     Total disposals and retirements,
                     property, plant and equipment
0 0 0 0
                  Total increase (decrease) in property,
                  plant and equipment
-0.93 101.22 30.92 0
               Property, plant and equipment at end of
               period
1.1 135.07 33.85 2.93

197. 197
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Disclosure of detailed information about property, plant and equipment [Table] ..(28)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Computer equipments [Member]
Leasehold
improvements
[Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Owned and leased
assets [Member]
Carrying amount accumulated depreciation and gross carrying
amount [Axis]
Accumulated depreciation and impairment [Member]
Carrying amount
[Member]
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
31/03/2019
01/04/2020
to
31/03/2021
Disclosure of property, plant and equipment [TextBlock]
   Disclosure of detailed information about property,
   plant and equipment [TextBlock]
      Disclosure of detailed information about property,
      plant and equipment [Abstract]
         Disclosure of detailed information about
         property, plant and equipment [Line items]
            Reconciliation of changes in property, plant
            and equipment [Abstract]
               Changes in property, plant and equipment
               [Abstract]
                  Additions other than through business
                  combinations, property, plant and
                  equipment
22.27
                  Depreciation, property, plant and
                  equipment [Abstract]
                     Depreciation recognised in profit or
                     loss
20.51 4.95 0.93 -31.67
                     Total Depreciation property plant and
                     equipment
20.51 4.95 0.93 -31.67
                  Disposals and retirements, property,
                  plant and equipment [Abstract]
                     Disposals, property, plant and
                     equipment
0 0 0 0
                     Total disposals and retirements,
                     property, plant and equipment
0 0 0 0
                  Total increase (decrease) in property,
                  plant and equipment
20.51 4.95 0.93 -9.4
               Property, plant and equipment at end of
               period
27.29 6.78 1.83 65.97

198. 198
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Disclosure of detailed information about property, plant and equipment [Table] ..(29)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Leasehold improvements [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying
amount [Axis]
Carrying amount [Member] Gross carrying amount [Member]
01/04/2019
to
31/03/2020
31/03/2019
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
Disclosure of property, plant and equipment [TextBlock]
   Disclosure of detailed information about property,
   plant and equipment [TextBlock]
      Disclosure of detailed information about property,
      plant and equipment [Abstract]
         Disclosure of detailed information about
         property, plant and equipment [Line items]
            Reconciliation of changes in property, plant
            and equipment [Abstract]
               Changes in property, plant and equipment
               [Abstract]
                  Additions other than through business
                  combinations, property, plant and
                  equipment
89.55 0 22.27 89.55
                  Depreciation, property, plant and
                  equipment [Abstract]
                     Depreciation recognised in profit or
                     loss
-14.18 0
                     Total Depreciation property plant and
                     equipment
-14.18 0
                  Disposals and retirements, property,
                  plant and equipment [Abstract]
                     Disposals, property, plant and
                     equipment
0 0 0 0
                     Total disposals and retirements,
                     property, plant and equipment
0 0 0 0
                  Total increase (decrease) in property,
                  plant and equipment
75.37 0 22.27 89.55
               Property, plant and equipment at end of
               period
75.37 0 111.82 89.55

199. 199
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Disclosure of detailed information about property, plant and equipment [Table] ..(30)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Leasehold improvements [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying
amount [Axis]
Gross carrying
amount [Member]
Accumulated depreciation and impairment [Member]
31/03/2019
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
31/03/2019
Disclosure of property, plant and equipment [TextBlock]
   Disclosure of detailed information about property,
   plant and equipment [TextBlock]
      Disclosure of detailed information about property,
      plant and equipment [Abstract]
         Disclosure of detailed information about
         property, plant and equipment [Line items]
            Reconciliation of changes in property, plant
            and equipment [Abstract]
               Changes in property, plant and equipment
               [Abstract]
                  Additions other than through business
                  combinations, property, plant and
                  equipment
0
                  Depreciation, property, plant and
                  equipment [Abstract]
                     Depreciation recognised in profit or
                     loss
31.67 14.18 0
                     Total Depreciation property plant and
                     equipment
31.67 14.18 0
                  Disposals and retirements, property,
                  plant and equipment [Abstract]
                     Disposals, property, plant and
                     equipment
0 0 0
                     Total disposals and retirements,
                     property, plant and equipment
0 0 0
                  Total increase (decrease) in property,
                  plant and equipment
0 31.67 14.18 0
               Property, plant and equipment at end of
               period
0 45.85 14.18 0

200. 200
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Disclosure of detailed information about property, plant and equipment [Table] ..(31)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Leasehold improvements [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying
amount [Axis]
Carrying amount [Member]
Gross carrying
amount [Member]
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
31/03/2019
01/04/2020
to
31/03/2021
Disclosure of property, plant and equipment [TextBlock]
   Disclosure of detailed information about property,
   plant and equipment [TextBlock]
      Disclosure of detailed information about property,
      plant and equipment [Abstract]
         Disclosure of detailed information about
         property, plant and equipment [Line items]
            Reconciliation of changes in property, plant
            and equipment [Abstract]
               Changes in property, plant and equipment
               [Abstract]
                  Additions other than through business
                  combinations, property, plant and
                  equipment
22.27 89.55 0 22.27
                  Depreciation, property, plant and
                  equipment [Abstract]
                     Depreciation recognised in profit or
                     loss
-31.67 -14.18 0
                     Total Depreciation property plant and
                     equipment
-31.67 -14.18 0
                  Disposals and retirements, property,
                  plant and equipment [Abstract]
                     Disposals, property, plant and
                     equipment
0 0 0 0
                     Total disposals and retirements,
                     property, plant and equipment
0 0 0 0
                  Total increase (decrease) in property,
                  plant and equipment
-9.4 75.37 0 22.27
               Property, plant and equipment at end of
               period
65.97 75.37 0 111.82

201. 201
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Disclosure of detailed information about property, plant and equipment [Table] ..(32)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Leasehold improvements [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying
amount [Axis]
Gross carrying amount [Member]
Accumulated depreciation and
impairment [Member]
01/04/2019
to
31/03/2020
31/03/2019
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
Disclosure of property, plant and equipment [TextBlock]
   Disclosure of detailed information about property,
   plant and equipment [TextBlock]
      Disclosure of detailed information about property,
      plant and equipment [Abstract]
         Disclosure of detailed information about
         property, plant and equipment [Line items]
            Reconciliation of changes in property, plant
            and equipment [Abstract]
               Changes in property, plant and equipment
               [Abstract]
                  Additions other than through business
                  combinations, property, plant and
                  equipment
89.55 0
                  Depreciation, property, plant and
                  equipment [Abstract]
                     Depreciation recognised in profit or
                     loss
31.67 14.18
                     Total Depreciation property plant and
                     equipment
31.67 14.18
                  Disposals and retirements, property,
                  plant and equipment [Abstract]
                     Disposals, property, plant and
                     equipment
0 0 0
                     Total disposals and retirements,
                     property, plant and equipment
0 0 0
                  Total increase (decrease) in property,
                  plant and equipment
89.55 0 31.67 14.18
               Property, plant and equipment at end of
               period
89.55 0 45.85 14.18
Disclosure of detailed information about property, plant and equipment [Table] ..(33)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis]
Leasehold
improvements
[Member]
Sub classes of property, plant and equipment [Axis]
Owned assets
[Member]
Carrying amount accumulated depreciation and gross carrying amount [Axis]
Accumulated
depreciation and
impairment
[Member]
31/03/2019
Disclosure of property, plant and equipment [TextBlock]
   Disclosure of detailed information about property, plant and equipment [TextBlock]
      Disclosure of detailed information about property, plant and equipment [Abstract]
         Disclosure of detailed information about property, plant and equipment [Line items]
            Reconciliation of changes in property, plant and equipment [Abstract]
               Changes in property, plant and equipment [Abstract]
                  Depreciation, property, plant and equipment [Abstract]
                     Depreciation recognised in profit or loss 0
                     Total Depreciation property plant and equipment 0
                  Disposals and retirements, property, plant and equipment [Abstract]
                     Disposals, property, plant and equipment 0
                     Total disposals and retirements, property, plant and equipment 0
                  Total increase (decrease) in property, plant and equipment 0
               Property, plant and equipment at end of period 0

202. 202
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
[612100] Notes - Impairment of assets
Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
Disclosure of impairment of assets [TextBlock]
   Disclosure of impairment loss and reversal of impairment loss [TextBlock]
      Whether there is any impairment loss or reversal of impairment loss
      during the year
No No
   Disclosure of information for impairment loss recognised or reversed
   for individual Assets or cash-generating unit [TextBlock]
      Whether impairment loss recognised or reversed for individual Assets
      or cash-generating unit
No No
[400700] Notes - Investment property
Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
Disclosure of investment property [TextBlock]
   Depreciation method, investment property, cost model NA NA
   Useful lives or depreciation rates, investment property, cost model NA NA

203. 203
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
[400900] Notes - Other intangible assets
Disclosure of detailed information about other intangible assets [Table] ..(1)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of other intangible assets [Axis] Company other intangible assets [Member]
Sub classes of other intangible assets [Axis]
Internally generated and other than internally generated intangible assets
[Member]
Carrying amount accumulated amortization and impairment and
gross carrying amount [Axis]
Carrying amount [Member]
Gross carrying
amount [Member]
31/03/2021 31/03/2020 31/03/2019
01/04/2020
to
31/03/2021
Disclosure of other intangible assets [TextBlock]
   Disclosure of detailed information about other
   intangible assets [TextBlock]
      Disclosure of detailed information about other
      intangible assets [Abstract]
         Disclosure of detailed information about other
         intangible assets [Line items]
            Reconciliation of changes in other intangible
            assets [Abstract]
               Changes in Other intangible assets [Abstract]
                  Additions other than through business
                  combinations
0
                  Acquisitions through business combinations 0
                  Increase (decrease) through net exchange
                  differences
0
                  Revaluation increase (decrease), other
                  intangible assets
0
                  Increase (decrease) through
                  transfers and other changes, other
                  intangible assets [Abstract]
                     Increase (decrease) through
                     transfers, other intangible assets
0
                     Increase (decrease) through other
                     changes
0
                     Total increase (decrease) through
                     transfers and other changes, Other
                     intangible assets
0
                  Disposals and retirements, other
                  intangible assets [Abstract]
                     Disposals 0
                     Retirements 0
                     Total Disposals and retirements,
                     Other intangible assets
0
                  Decrease through classified as held for
                  sale
0
                  Decrease through loss of control of
                  subsidiary
0
                  Total increase (decrease) in Other
                  intangible assets
0
               Other intangible assets at end of period 225.82 455.01 18.07 706.34

204. 204
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Disclosure of detailed information about other intangible assets [Table] ..(2)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of other intangible assets [Axis] Company other intangible assets [Member]
Sub classes of other intangible assets [Axis]
Internally generated and other than internally generated intangible assets
[Member]
Carrying amount accumulated amortization and impairment and
gross carrying amount [Axis]
Gross carrying amount [Member]
Accumulated amortization and
impairment [Member]
01/04/2019
to
31/03/2020
31/03/2019
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
Disclosure of other intangible assets [TextBlock]
   Disclosure of detailed information about other
   intangible assets [TextBlock]
      Disclosure of detailed information about other
      intangible assets [Abstract]
         Disclosure of detailed information about other
         intangible assets [Line items]
            Reconciliation of changes in other intangible
            assets [Abstract]
               Changes in Other intangible assets [Abstract]
                  Additions other than through business
                  combinations
671.69
                  Acquisitions through business combinations 0
                  Increase (decrease) through net exchange
                  differences
0
                  Amortisation other intangible assets 229.19 234.75
                  Impairment loss recognised in profit or
                  loss
0 0
                  Reversal of impairment loss recognised
                  in profit or loss
0 0
                  Revaluation increase (decrease), other
                  intangible assets
0
                  Impairment loss recognised in other
                  comprehensive income, other intangible
                  assets
0 0
                  Reversal of impairment loss recognised in
                  other comprehensive income, other
                  intangible assets
0 0
                  Increase (decrease) through
                  transfers and other changes, other
                  intangible assets [Abstract]
                     Increase (decrease) through
                     transfers, other intangible assets
0 0 0
                     Increase (decrease) through other
                     changes
0 0 0
                     Total increase (decrease) through
                     transfers and other changes, Other
                     intangible assets
0 0 0
                  Disposals and retirements, other
                  intangible assets [Abstract]
                     Disposals 0 0 0
                     Retirements 0 0 0
                     Total Disposals and retirements,
                     Other intangible assets
0 0 0
                  Decrease through classified as held for
                  sale
0 0 0
                  Decrease through loss of control of
                  subsidiary
0 0 0
                  Total increase (decrease) in Other
                  intangible assets
671.69 229.19 234.75
               Other intangible assets at end of period 706.34 34.65 480.52 251.33

205. 205
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Disclosure of detailed information about other intangible assets [Table] ..(3)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of other intangible assets [Axis]
Company other
intangible assets
[Member]
Computer software [Member]
Sub classes of other intangible assets [Axis]
Internally
generated and
other than
internally
generated
intangible assets
[Member]
Internally generated and other than internally generated
intangible assets [Member]
Carrying amount accumulated amortization and impairment and
gross carrying amount [Axis]
Accumulated
amortization and
impairment
[Member]
Carrying amount [Member]
31/03/2019
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
31/03/2019
Disclosure of other intangible assets [TextBlock]
   Disclosure of detailed information about other
   intangible assets [TextBlock]
      Disclosure of detailed information about other
      intangible assets [Abstract]
         Disclosure of detailed information about other
         intangible assets [Line items]
            Reconciliation of changes in other intangible
            assets [Abstract]
               Changes in Other intangible assets [Abstract]
                  Additions other than through business
                  combinations
0 671.69
                  Acquisitions through business combinations 0 0
                  Increase (decrease) through net exchange
                  differences
0 0
                  Amortisation other intangible assets -229.19 -234.75
                  Impairment loss recognised in profit or
                  loss
0 0
                  Reversal of impairment loss recognised
                  in profit or loss
0 0
                  Revaluation increase (decrease), other
                  intangible assets
0 0
                  Impairment loss recognised in other
                  comprehensive income, other intangible
                  assets
0 0
                  Reversal of impairment loss recognised in
                  other comprehensive income, other
                  intangible assets
0 0
                  Increase (decrease) through
                  transfers and other changes, other
                  intangible assets [Abstract]
                     Increase (decrease) through
                     transfers, other intangible assets
0 0
                     Increase (decrease) through other
                     changes
0 0
                     Total increase (decrease) through
                     transfers and other changes, Other
                     intangible assets
0 0
                  Disposals and retirements, other
                  intangible assets [Abstract]
                     Disposals 0 0
                     Retirements 0 0
                     Total Disposals and retirements,
                     Other intangible assets
0 0
                  Decrease through classified as held for
                  sale
0 0
                  Decrease through loss of control of
                  subsidiary
0 0
                  Total increase (decrease) in Other
                  intangible assets
-229.19 436.94
               Other intangible assets at end of period 16.58 225.82 455.01 18.07

206. 206
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Disclosure of detailed information about other intangible assets [Table] ..(4)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of other intangible assets [Axis] Computer software [Member]
Sub classes of other intangible assets [Axis]
Internally generated and other than internally generated intangible assets
[Member]
Carrying amount accumulated amortization and impairment and
gross carrying amount [Axis]
Gross carrying amount [Member]
Accumulated
amortization and
impairment
[Member]
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
31/03/2019
01/04/2020
to
31/03/2021
Disclosure of other intangible assets [TextBlock]
   Disclosure of detailed information about other
   intangible assets [TextBlock]
      Disclosure of detailed information about other
      intangible assets [Abstract]
         Disclosure of detailed information about other
         intangible assets [Line items]
            Reconciliation of changes in other intangible
            assets [Abstract]
               Changes in Other intangible assets [Abstract]
                  Additions other than through business
                  combinations
0 671.69
                  Acquisitions through business combinations 0 0
                  Increase (decrease) through net exchange
                  differences
0 0
                  Amortisation other intangible assets 229.19
                  Impairment loss recognised in profit or
                  loss
0
                  Reversal of impairment loss recognised
                  in profit or loss
0
                  Revaluation increase (decrease), other
                  intangible assets
0 0
                  Impairment loss recognised in other
                  comprehensive income, other intangible
                  assets
0
                  Reversal of impairment loss recognised in
                  other comprehensive income, other
                  intangible assets
0
                  Increase (decrease) through
                  transfers and other changes, other
                  intangible assets [Abstract]
                     Increase (decrease) through
                     transfers, other intangible assets
0 0 0
                     Increase (decrease) through other
                     changes
0 0 0
                     Total increase (decrease) through
                     transfers and other changes, Other
                     intangible assets
0 0 0
                  Disposals and retirements, other
                  intangible assets [Abstract]
                     Disposals 0 0 0
                     Retirements 0 0 0
                     Total Disposals and retirements,
                     Other intangible assets
0 0 0
                  Decrease through classified as held for
                  sale
0 0 0
                  Decrease through loss of control of
                  subsidiary
0 0 0
                  Total increase (decrease) in Other
                  intangible assets
0 671.69 229.19
               Other intangible assets at end of period 706.34 706.34 34.65 480.52

207. 207
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Disclosure of detailed information about other intangible assets [Table] ..(5)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of other intangible assets [Axis] Computer software [Member]
Sub classes of other intangible assets [Axis]
Internally generated and other than
internally generated intangible assets
[Member]
Intangible assets other than internally
generated [Member]
Carrying amount accumulated amortization and impairment and
gross carrying amount [Axis]
Accumulated amortization and
impairment [Member]
Carrying amount [Member]
01/04/2019
to
31/03/2020
31/03/2019
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
Disclosure of other intangible assets [TextBlock]
   Disclosure of detailed information about other
   intangible assets [TextBlock]
      Disclosure of detailed information about other
      intangible assets [Abstract]
         Disclosure of detailed information about other
         intangible assets [Line items]
            Reconciliation of changes in other intangible
            assets [Abstract]
               Changes in Other intangible assets [Abstract]
                  Additions other than through business
                  combinations
0 671.69
                  Acquisitions through business combinations 0 0
                  Increase (decrease) through net exchange
                  differences
0 0
                  Amortisation other intangible assets 234.75 -229.19 -234.75
                  Impairment loss recognised in profit or
                  loss
0 0 0
                  Reversal of impairment loss recognised
                  in profit or loss
0 0 0
                  Revaluation increase (decrease), other
                  intangible assets
0 0
                  Impairment loss recognised in other
                  comprehensive income, other intangible
                  assets
0 0 0
                  Reversal of impairment loss recognised in
                  other comprehensive income, other
                  intangible assets
0 0 0
                  Increase (decrease) through
                  transfers and other changes, other
                  intangible assets [Abstract]
                     Increase (decrease) through
                     transfers, other intangible assets
0 0 0
                     Increase (decrease) through other
                     changes
0 0 0
                     Total increase (decrease) through
                     transfers and other changes, Other
                     intangible assets
0 0 0
                  Disposals and retirements, other
                  intangible assets [Abstract]
                     Disposals 0 0 0
                     Retirements 0 0 0
                     Total Disposals and retirements,
                     Other intangible assets
0 0 0
                  Decrease through classified as held for
                  sale
0 0 0
                  Decrease through loss of control of
                  subsidiary
0 0 0
                  Total increase (decrease) in Other
                  intangible assets
234.75 -229.19 436.94
               Other intangible assets at end of period 251.33 16.58 225.82 455.01

208. 208
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Disclosure of detailed information about other intangible assets [Table] ..(6)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of other intangible assets [Axis] Computer software [Member]
Sub classes of other intangible assets [Axis] Intangible assets other than internally generated [Member]
Carrying amount accumulated amortization and impairment and
gross carrying amount [Axis]
Carrying amount
[Member]
Gross carrying amount [Member]
31/03/2019
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
31/03/2019
Disclosure of other intangible assets [TextBlock]
   Disclosure of detailed information about other
   intangible assets [TextBlock]
      Disclosure of detailed information about other
      intangible assets [Abstract]
         Disclosure of detailed information about other
         intangible assets [Line items]
            Reconciliation of changes in other intangible
            assets [Abstract]
               Changes in Other intangible assets [Abstract]
                  Additions other than through business
                  combinations
0 671.69
                  Acquisitions through business combinations 0 0
                  Increase (decrease) through net exchange
                  differences
0 0
                  Revaluation increase (decrease), other
                  intangible assets
0 0
                  Increase (decrease) through
                  transfers and other changes, other
                  intangible assets [Abstract]
                     Increase (decrease) through
                     transfers, other intangible assets
0 0
                     Increase (decrease) through other
                     changes
0 0
                     Total increase (decrease) through
                     transfers and other changes, Other
                     intangible assets
0 0
                  Disposals and retirements, other
                  intangible assets [Abstract]
                     Disposals 0 0
                     Retirements 0 0
                     Total Disposals and retirements,
                     Other intangible assets
0 0
                  Decrease through classified as held for
                  sale
0 0
                  Decrease through loss of control of
                  subsidiary
0 0
                  Total increase (decrease) in Other
                  intangible assets
0 671.69
               Other intangible assets at end of period 18.07 706.34 706.34 34.65

209. 209
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Disclosure of detailed information about other intangible assets [Table] ..(7)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of other intangible assets [Axis] Computer software [Member]
Sub classes of other intangible assets [Axis] Intangible assets other than internally generated [Member]
Carrying amount accumulated amortization and impairment and gross carrying amount
[Axis]
Accumulated amortization and impairment [Member]
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
31/03/2019
Disclosure of other intangible assets [TextBlock]
   Disclosure of detailed information about other intangible assets
   [TextBlock]
      Disclosure of detailed information about other intangible assets
      [Abstract]
         Disclosure of detailed information about other intangible assets
         [Line items]
            Reconciliation of changes in other intangible assets [Abstract]
               Changes in Other intangible assets [Abstract]
                  Amortisation other intangible assets 229.19 234.75
                  Impairment loss recognised in profit or loss 0 0
                  Reversal of impairment loss recognised in profit or loss 0 0
                  Impairment loss recognised in other comprehensive
                  income, other intangible assets
0 0
                  Reversal of impairment loss recognised in other
                  comprehensive income, other intangible assets
0 0
                  Increase (decrease) through transfers and other
                  changes, other intangible assets [Abstract]
                     Increase (decrease) through transfers, other intangible
                     assets
0 0
                     Increase (decrease) through other changes 0 0
                     Total increase (decrease) through transfers and
                     other changes, Other intangible assets
0 0
                  Disposals and retirements, other intangible assets
                  [Abstract]
                     Disposals 0 0
                     Retirements 0 0
                     Total Disposals and retirements, Other intangible assets 0 0
                  Decrease through classified as held for sale 0 0
                  Decrease through loss of control of subsidiary 0 0
                  Total increase (decrease) in Other intangible assets 229.19 234.75
               Other intangible assets at end of period 480.52 251.33 16.58
Disclosure of additional information about other intangible assets [Table] ..(1)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of other intangible assets [Axis] Computer software [Member]
Sub classes of other intangible assets [Axis]
Internally generated and other than
internally generated intangible assets
[Member]
Intangible assets other than internally
generated [Member]
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
Disclosure of other intangible assets [TextBlock]
   Disclosure of detailed information about other
   intangible assets [TextBlock]
      Disclosure of additional information about other
      intangible assets [Abstract]
         Disclosure of additional information about
         other intangible assets [Line items]
            Amortisation method, other intangible assets
Refer to child
member
Refer to child
member
Textual information
(48) [See below]
Textual information
(49) [See below]
            Useful lives or amortisation rates, other
            intangible assets
Refer to child
member
Refer to child
member
3 years 3 years
            Whether other intangible assets are stated at
            revalued amount
No No No No

210. 210
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
Disclosure of other intangible assets [TextBlock]
   Disclosure of detailed information about other intangible assets
   [TextBlock]
   Disclosure of intangible assets with indefinite useful life [TextBlock]
      Whether there are intangible assets with indefinite useful life No No
Textual information (48)
Amortisation method, other intangible assets
Intangible assets acquired separately are measured on initial recognition at historical cost. Intangibles assets having a finite useful life are
subsequently carried at cost less any accumulated amortization and accumulated impairment losses (if any). Subsequent expenditure is
capitalised only if it is probable that the future economic benefits associated with the expenditure will flow to the Company. Amortisation
method, estimated useful lives and residual value Intangible assets with finite lives are amortised over the useful life and assessed for
impairment whenever there is an indication that the intangible asset may be impaired. The amortisation period and the amortisation method
for an intangible asset with a finite useful life are reviewed at least at the end of each reporting period. The amortisation expense on
intangible assets is recognised in the statement of profit and loss unless such expenditure forms part of carrying value of another asset. Gains
or losses arising from de-recognition of an intangible asset are measured as the difference between the net disposal proceeds and the carrying
amount of the asset and are recognized in the statement of profit or loss when the asset is derecognised.
Textual information (49)
Amortisation method, other intangible assets
Intangible assets with finite lives are amortized over the useful life and assessed for impairment whenever there is an indication that the
intangible asset may be impaired. The amortization period and the amortization method for an intangible asset with a finite useful life are
reviewed at least at the end of each reporting period.
[401000] Notes - Biological assets other than bearer plants
Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
Disclosure of biological assets, agriculture produce at point of
harvest and government grants related to biological assets
[TextBlock]
   Depreciation method, biological assets other than bearer plants, at cost NA NA
   Useful lives or depreciation rates, biological assets other than bearer
   plants, at cost
NA NA
[611100] Notes - Financial instruments
Disclosure of financial assets [Table] ..(1)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of financial assets [Axis] Financial assets at amortised cost, class [Member]
Corporate loans
[Member]
Categories of financial assets [Axis] Financial assets, category [Member]
Financial assets,
category [Member]
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
31/03/2019
01/04/2020
to
31/03/2021
Disclosure of financial instruments [TextBlock]
   Disclosure of financial assets [TextBlock]
      Disclosure of financial assets [Abstract]
         Disclosure of financial assets [Line items]
            Financial assets 15,301.38 13,293.44 15,789.15 830
            Financial assets, at fair value 0 0 0 0
            Description of other financial assets at
            amortised cost class
Refer to child
member
Refer to child
member
Refer to child
member
Refer to child
member

211. 211
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Disclosure of financial assets [Table] ..(2)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of financial assets [Axis] Corporate loans [Member]
Categories of financial assets [Axis] Financial assets, category [Member]
Financial assets at amortised cost,
category [Member]
01/04/2019
to
31/03/2020
31/03/2019
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
Disclosure of financial instruments [TextBlock]
   Disclosure of financial assets [TextBlock]
      Disclosure of financial assets [Abstract]
         Disclosure of financial assets [Line items]
            Financial assets 3,681.33 0 830 3,681.33
            Financial assets, at fair value 0 0 0 0
            Description of other financial assets at
            amortised cost class
Refer to child
member
Refer to child
member
L o a n s -
Current
Loans- Current & Non
Current
Disclosure of financial assets [Table] ..(3)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of financial assets [Axis]
Corporate loans
[Member]
Trade receivables [Member]
Categories of financial assets [Axis]
Financial assets at
amortised cost,
category [Member]
Financial assets, category [Member]
31/03/2019 31/03/2021 31/03/2020 31/03/2019
Disclosure of financial instruments [TextBlock]
   Disclosure of financial assets [TextBlock]
      Disclosure of financial assets [Abstract]
         Disclosure of financial assets [Line items]
            Financial assets 0 2,162.04 822.72 2,397.97
            Financial assets, at fair value 0 0 0 0
            Description of other financial assets at
            amortised cost class
0
Disclosure of financial assets [Table] ..(4)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of financial assets [Axis] Trade receivables [Member]
Other financial
assets at amortised
cost class
[Member]
Categories of financial assets [Axis] Financial assets at amortised cost, category [Member]
Financial assets,
category [Member]
31/03/2021 31/03/2020 31/03/2019
01/04/2020
to
31/03/2021
Disclosure of financial instruments [TextBlock]
   Disclosure of financial assets [TextBlock]
      Disclosure of financial assets [Abstract]
         Disclosure of financial assets [Line items]
            Financial assets 2,162.04 822.72 2,397.97 12,309.34
            Financial assets, at fair value 0 0 0 0
            Description of other financial assets at
            amortised cost class
Refer to child
member
Disclosure of financial assets [Table] ..(5)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of financial assets [Axis]
Other financial assets at amortised cost
class [Member]
Other financial assets at amortised cost
class 1 [Member]
Categories of financial assets [Axis] Financial assets, category [Member]Financial assets, category [Member]
01/04/2019
to
31/03/2020
31/03/2019
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
Disclosure of financial instruments [TextBlock]
   Disclosure of financial assets [TextBlock]
      Disclosure of financial assets [Abstract]
         Disclosure of financial assets [Line items]
            Financial assets 8,789.39 13,391.18 155.52 70.51
            Financial assets, at fair value 0 0 0 0
            Description of other financial assets at
            amortised cost class
Refer to child
member
Refer to child
member
Refer to child
member
Refer to child
member

212. 212
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Disclosure of financial assets [Table] ..(6)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of financial assets [Axis] Other financial assets at amortised cost class 1 [Member]
Categories of financial assets [Axis]
Financial assets,
category [Member]
Financial assets at amortised cost, category [Member]
31/03/2019
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
31/03/2019
Disclosure of financial instruments [TextBlock]
   Disclosure of financial assets [TextBlock]
      Disclosure of financial assets [Abstract]
         Disclosure of financial assets [Line items]
            Financial assets 89.92 155.52 70.51 89.92
            Financial assets, at fair value 0 0 0 0
            Description of other financial assets at
            amortised cost class
Refer to child
member
Other Non-Current
Financial Assets
Other Non-Current
Financial Assets
Other Non-Current
Financial Assets
Disclosure of financial assets [Table] ..(7)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of financial assets [Axis] Other financial assets at amortised cost class 2 [Member]
Categories of financial assets [Axis] Financial assets, category [Member]
Financial assets at
amortised cost,
category [Member]
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
31/03/2019
01/04/2020
to
31/03/2021
Disclosure of financial instruments [TextBlock]
   Disclosure of financial assets [TextBlock]
      Disclosure of financial assets [Abstract]
         Disclosure of financial assets [Line items]
            Financial assets 3,129.09 1,578.43 10,622.83 3,129.09
            Financial assets, at fair value 0 0 0 0
            Description of other financial assets at
            amortised cost class
Refer to child
member
Refer to child
member
Refer to child
member
Cash and Cash
Equivalents
Disclosure of financial assets [Table] ..(8)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of financial assets [Axis]
Other financial assets at amortised cost
class 2 [Member]
Other financial assets at amortised cost
class 3 [Member]
Categories of financial assets [Axis]
Financial assets at amortised cost,
category [Member]
Financial assets, category [Member]
01/04/2019
to
31/03/2020
31/03/2019
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
Disclosure of financial instruments [TextBlock]
   Disclosure of financial assets [TextBlock]
      Disclosure of financial assets [Abstract]
         Disclosure of financial assets [Line items]
            Financial assets 1,578.43 10,622.83 1,620.64 1,555.84
            Financial assets, at fair value 0 0 0 0
            Description of other financial assets at
            amortised cost class
Cash and Cash
Equivalents
Cash and Cash
Equivalents
Refer to child
member
Refer to child
member
Disclosure of financial assets [Table] ..(9)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of financial assets [Axis] Other financial assets at amortised cost class 3 [Member]
Categories of financial assets [Axis]
Financial assets,
category [Member]
Financial assets at amortised cost, category [Member]
31/03/2019
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
31/03/2019
Disclosure of financial instruments [TextBlock]
   Disclosure of financial assets [TextBlock]
      Disclosure of financial assets [Abstract]
         Disclosure of financial assets [Line items]
            Financial assets 1,479 1,620.64 1,555.84 1,479
            Financial assets, at fair value 0 0 0 0
            Description of other financial assets at
            amortised cost class
Refer to child
member
Bank balances other
than cash and cash
equivalents
Bank Balances
Other Than
Above
Bank balances other than
c a s h a n d c a s h
equivalents

213. 213
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Disclosure of financial assets [Table] ..(10)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of financial assets [Axis] Other financial assets at amortised cost class 4 [Member]
Categories of financial assets [Axis] Financial assets, category [Member]
Financial assets at
amortised cost,
category [Member]
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
31/03/2019
01/04/2020
to
31/03/2021
Disclosure of financial instruments [TextBlock]
   Disclosure of financial assets [TextBlock]
      Disclosure of financial assets [Abstract]
         Disclosure of financial assets [Line items]
            Financial assets 7,404.09 5,584.61 1,199.43 7,404.09
            Financial assets, at fair value 0 0 0 0
            Description of other financial assets at
            amortised cost class
Refer to child
member
Refer to child
member
Refer to child
member
Other Current
Financial Assets
Disclosure of financial assets [Table] ..(11)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of financial assets [Axis]
Other financial assets at amortised cost
class 4 [Member]
Financial assets at fair value, class
[Member]
Categories of financial assets [Axis]
Financial assets at amortised cost,
category [Member]
Financial assets, category [Member]
01/04/2019
to
31/03/2020
31/03/2019
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
Disclosure of financial instruments [TextBlock]
   Disclosure of financial assets [TextBlock]
      Disclosure of financial assets [Abstract]
         Disclosure of financial assets [Line items]
            Financial assets 5,584.61 1,199.43 0 0
            Financial assets, at fair value 0 0 20.14 20.14
            Description of other financial assets at
            amortised cost class
Other Current
Financial Assets
Other Current
Financial Assets
            Description of other financial assets at fair
            value class
Refer to child
member
Refer to child
member
Disclosure of financial assets [Table] ..(12)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of financial assets [Axis]
Financial assets at
fair value, class
[Member]
Equity investments [Member]
Categories of financial assets [Axis]
Financial assets,
category [Member]
Financial assets, category [Member]
31/03/2019
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
31/03/2019
Disclosure of financial instruments [TextBlock]
   Disclosure of financial assets [TextBlock]
      Disclosure of financial assets [Abstract]
         Disclosure of financial assets [Line items]
            Financial assets 0 0 0 0
            Financial assets, at fair value 20.14 20.14 20.14 20.14
            Description of other financial assets at fair
            value class
Refer to child
member
Refer to child
member
Refer to child
member
Refer to child
member

214. 214
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Disclosure of financial assets [Table] ..(13)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of financial assets [Axis] Equity investments [Member]
Categories of financial assets [Axis]
Financial assets at fair value through other comprehensive
income, category [Member]
Investments in
equity instruments
designated at fair
value through
other
comprehensive
income [Member]
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
31/03/2019
01/04/2020
to
31/03/2021
Disclosure of financial instruments [TextBlock]
   Disclosure of financial assets [TextBlock]
      Disclosure of financial assets [Abstract]
         Disclosure of financial assets [Line items]
            Financial assets 0 0 0 0
            Financial assets, at fair value 20.14 20.14 20.14 20.14
            Description of other financial assets at fair
            value class
Refer to child
member
Refer to child
member
Refer to child
member
Non-Current
Investments
Disclosure of financial assets [Table] ..(14)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of financial assets [Axis] Equity investments [Member]
Categories of financial assets [Axis]
Investments in equity instruments
designated at fair value through other
comprehensive income [Member]
01/04/2019
to
31/03/2020
31/03/2019
Disclosure of financial instruments [TextBlock]
   Disclosure of financial assets [TextBlock]
      Disclosure of financial assets [Abstract]
         Disclosure of financial assets [Line items]
            Financial assets 0 0
            Financial assets, at fair value 20.14 20.14
            Description of other financial assets at fair value class
Non-Current
Investments
Non-Current
Investments
Disclosure of financial liabilities [Table] ..(1)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of financial liabilities [Axis] Financial liabilities at amortised cost, class [Member]
Categories of financial liabilities [Axis] Financial liabilities, category [Member]
Financial liabilities
at amortised cost,
category [Member]
31/03/2021 31/03/2020 31/03/2019 31/03/2021
Disclosure of financial instruments [TextBlock]
   Disclosure of financial liabilities [TextBlock]
      Disclosure of financial liabilities [Abstract]
         Disclosure of financial liabilities [Line items]
            Financial liabilities 1,726.9 2,169.94 3,623.96 (A)   1,726.9
            Financial liabilities, at fair value 0 0 0 0
Footnotes
(A)Lease liabilities- non current 139.53 Trade payables 559.43 Lease liabilities- current 91.57 Other financial liabilities 936.37
Disclosure of financial liabilities [Table] ..(2)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of financial liabilities [Axis]
Financial liabilities at amortised cost,
class [Member]
Categories of financial liabilities [Axis]
Financial liabilities at amortised cost,
category [Member]
31/03/2020 31/03/2019
Disclosure of financial instruments [TextBlock]
   Disclosure of financial liabilities [TextBlock]
      Disclosure of financial liabilities [Abstract]
         Disclosure of financial liabilities [Line items]
            Financial liabilities (A)   2,169.94 (B)   3,623.96
            Financial liabilities, at fair value 0 0

215. 215
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Footnotes
(A)Lease liabilities- non current 231.10 Trade payables 903.97 Lease liabilities- current 75.33 Other financial liabilities 959.54
(B)Trade payables 685.70 Other financial liabilities 2,938.26
[400400] Notes - Non-current investments
Details of non-current investments [Table] ..(1)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classification of non-current investments [Axis] 1 2
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
31/03/2019 31/03/2019
Disclosure of notes on non-current investments explanatory
[TextBlock]
   Non-current investments [Abstract]
      Disclosure of details of non-current investments
      [Abstract]
         Details of non-current investments [Line items]
            Type of non-current investments
Investment in other
Indian companies
equity instruments
Investment in other
Indian companies
equity instruments
Investment in
subsidiaries equity
instruments
Investment in other
Indian companies
equity instruments
            Class of non-current investments Other investmentsOther investmentsOther investmentsOther investments
            Nature of non-current investments
Investment Measured
at fair value through
OCI - Investments in
Equity Shares of
Other Companies -
Un-quoted, fully
paid-up
Investment Measured
at fair value through
OCI - Investments in
Equity Shares of
Other Companies -
Un-quoted, fully
paid-up
Investment
Measured at Cost -
In Equity Shares
of Subsidiary
Companies -
Un-quoted, fully
paid up
Investment
Measured at fair
value through OCI -
Investments in
Equity Shares of
Other Companies -
Un-quoted, fully
paid-up
            Non-current investments 20.14 20.14 5 20.14
            Name of body corporate in whom investment has
            been made
(A)      VV Finly
Technology Private
Limited
(B)      VV Finly
Technology Private
Limited
Itz Cash Payment
Solutions Limited
(C)      VV Finly
Technology Private
Limited
            Details of whether such body corporate is
            subsidiary, associate, joint venture or
            controlled special purpose entity
subsidiary
            Number of shares of non-current investment
            made in body corporate
[shares] 438 [shares] 438[shares] 50,000 [shares] 438
Footnotes
(A)(formerly known as Jouska Tech Private Limited)
(B)(formerly known as Jouska Tech Private Limited)
(C)(formerly known as Jouska Tech Private Limited)
Unless otherwise specified, all monetary values are in Lakhs of INR
31/03/202131/03/202031/03/2019
Disclosure of notes on non-current investments explanatory [TextBlock]
      Aggregate amount of quoted non-current investments 0 0 0
      Market value of quoted non-current investments 0 0 0
      Aggregate amount of unquoted non-current investments 20.14 20.14 25.14
      Aggregate provision for diminution in value of non-current investments 5 5 5

216. 216
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
[611600] Notes - Non-current asset held for sale and discontinued operations
Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
01/04/2018
to
31/03/2019
Disclosure of non-current assets held for sale and discontinued operations
[TextBlock]
         Net cash flows from (used in) operating activities, continuing
         operations
-887.21 -5,295.46 0
         Net cash flows from (used in) operating activities -887.21 -5,295.46
         Net cash flows from (used in) investing activities, continuing
         operations
-173.04 -32.4 0
         Net cash flows from (used in) investing activities -173.04 -32.4
         Net cash flows from (used in) financing activities, continuing
         operations
2,610.91 -3,716.54 0
         Net cash flows from (used in) financing activities 2,610.91 -3,716.54

217. 217
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
[400100] Notes - Equity share capital
Disclosure of classes of equity share capital [Table] ..(1)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of equity share capital [Axis] Equity shares [Member]
Equity shares 1
[Member]
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
31/03/2019
01/04/2020
to
31/03/2021
Disclosure of notes on equity share capital explanatory
[TextBlock]
   Disclosure of classes of equity share capital [Abstract]
      Disclosure of classes of equity share capital [Line
      items]
         Type of share
Refer to child
member
         Number of shares authorised [shares] 2,55,00,000[shares] 2,55,00,000[shares] 2,55,00,000[shares] 2,00,00,000
         Value of shares authorised 7,500 7,500 7,500 2,000
         Number of shares issued [shares] 1,68,77,137[shares] 1,68,77,137[shares] 1,68,77,137[shares] 1,68,77,137
         Value of shares issued 1,687.7137 1,687.7137 1,687.7137 1,687.7137
         Number of shares subscribed and fully paid [shares] 1,68,77,137[shares] 1,68,77,137[shares] 1,68,77,137[shares] 1,68,77,137
         Value of shares subscribed and fully paid 1,687.7137 1,687.7137 1,687.7137 1,687.7137
         Number of shares subscribed but not fully paid [shares] 0 [shares] 0 [shares] 0 [shares] 0
         Value of shares subscribed but not fully paid 0 0 0 0
         Total number of shares subscribed [shares] 1,68,77,137[shares] 1,68,77,137[shares] 1,68,77,137[shares] 1,68,77,137
         Total value of shares subscribed 1,687.7137 1,687.7137 1,687.7137 1,687.7137
         Value of shares paid-up [Abstract]
            Number of shares paid-up [shares] 1,68,77,137[shares] 1,68,77,137[shares] 1,68,77,137[shares] 1,68,77,137
            Value of shares called 1,687.7137 1,687.7137 1,687.7137 1,687.7137
            Calls unpaid [Abstract]
               Calls unpaid by directors and officers
               [Abstract]
                  Calls unpaid by directors 0 0 0 0
                  Calls unpaid by officers 0 0 0 0
                  Total calls unpaid by directors and
                  officers
0 0 0
               Calls unpaid by others 0 0 0 0
               Total calls unpaid 0 0 0 0
            Forfeited shares 0 0 0 0
            Forfeited shares reissued 0 0 0 0
            Value of shares paid-up 1,687.7137 1,687.7137 1,687.7137 1,687.7137
         Par value per share [INR/shares] 10
         Amount per share called in case shares not fully
         called
[INR/shares] 0
         Reconciliation of number of shares outstanding
         [Abstract]
            Changes in number of shares outstanding
            [Abstract]
               Increase in number of shares outstanding
               [Abstract]
                  Number of shares issued as rights [shares] 0 [shares] 0 [shares] 0 [shares] 0
                  Total aggregate number of shares issued
                  during period
[shares] 0 [shares] 0 [shares] 0 [shares] 0
               Total increase (decrease) in number of
               shares outstanding
[shares] 0 [shares] 0 [shares] 0 [shares] 0
            Number of shares outstanding at end of period [shares] 1,68,77,137[shares] 1,68,77,137[shares] 1,68,77,137[shares] 1,68,77,137
         Reconciliation of value of shares outstanding
         [Abstract]
            Changes in equity share capital [Abstract]
               Increase in equity share capital during
               period [Abstract]
                  Amount of rights issue during period 0 0 0 0
                  Total aggregate amount of increase
                  in equity share capital during period
0 0 0 0
               Total increase (decrease) in share capital 0 0 0 0
            Equity share capital at end of period 1,687.7137 1,687.7137 1,687.7137 1,687.7137

218. 218
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
         Shares in company held by holding company or
         ultimate holding company or by its subsidiaries
         or associates [Abstract]
            Shares in company held by holding company [shares] 97,70,435[shares] 97,70,435[shares] 97,70,435
(A)   [shares]
97,70,435
            Shares in company held by ultimate holding
            company
[shares] 0 [shares] 0 [shares] 0 [shares] 0
            Total shares in company held by holding company
            or ultimate holding company or by its
            subsidiaries or associates
[shares] 97,70,435[shares] 97,70,435[shares] 97,70,435[shares] 97,70,435
         Details of application money received for
         allotment of securities and due for refund and
         interest accrued thereon [Abstract]
            Application money received for allotment of
            securities and due for refund and interest
            accrued thereon [Abstract]
               Total application money received for
               allotment of securities and due for refund
               and interest accrued thereon
0 0 0 0
         Type of share
Refer to child
member
(A)Ebix Software India Private Limited

219. 219
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Disclosure of classes of equity share capital [Table] ..(2)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of equity share capital [Axis] Equity shares 1 [Member] Equity shares 2 [Member]
01/04/2019
to
31/03/2020
31/03/2019
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
Disclosure of notes on equity share capital explanatory
[TextBlock]
   Disclosure of classes of equity share capital [Abstract]
      Disclosure of classes of equity share capital [Line
      items]
         Type of share
Refer to child
member
Equity SharesPreference SharesPreference Shares
         Number of shares authorised [shares] 2,00,00,000[shares] 2,00,00,000[shares] 55,00,000[shares] 55,00,000
         Value of shares authorised 2,000 2,000 5,500 5,500
         Number of shares issued [shares] 1,68,77,137[shares] 1,68,77,137 [shares] 0 [shares] 0
         Value of shares issued 1,687.7137 1,687.7137 0 0
         Number of shares subscribed and fully paid [shares] 1,68,77,137[shares] 1,68,77,137 [shares] 0 [shares] 0
         Value of shares subscribed and fully paid 1,687.7137 1,687.7137 0 0
         Number of shares subscribed but not fully paid [shares] 0 [shares] 0 [shares] 0 [shares] 0
         Value of shares subscribed but not fully paid 0 0 0 0
         Total number of shares subscribed [shares] 1,68,77,137[shares] 1,68,77,137 [shares] 0 [shares] 0
         Total value of shares subscribed 1,687.7137 1,687.7137 0 0
         Value of shares paid-up [Abstract]
            Number of shares paid-up [shares] 1,68,77,137[shares] 1,68,77,137 [shares] 0 [shares] 0
            Value of shares called 1,687.7137 1,687.7137 0 0
            Calls unpaid [Abstract]
               Calls unpaid by directors and officers
               [Abstract]
                  Calls unpaid by directors 0 0 0 0
                  Calls unpaid by officers 0 0 0 0
                  Total calls unpaid by directors and
                  officers
0 0
               Calls unpaid by others 0 0 0 0
               Total calls unpaid 0 0 0 0
            Forfeited shares 0 0 0 0
            Forfeited shares reissued 0 0 0 0
            Value of shares paid-up 1,687.7137 1,687.7137 0 0
         Par value per share [INR/shares] 10[INR/shares] 10[INR/shares] 100[INR/shares] 100
         Amount per share called in case shares not fully
         called
[INR/shares] 0[INR/shares] 0[INR/shares] 0 [INR/shares] 0
         Reconciliation of number of shares outstanding
         [Abstract]
            Changes in number of shares outstanding
            [Abstract]
               Increase in number of shares outstanding
               [Abstract]
                  Number of shares issued as rights [shares] 0 [shares] 0 [shares] 0 [shares] 0
                  Total aggregate number of shares issued
                  during period
[shares] 0 [shares] 0 [shares] 0 [shares] 0
               Total increase (decrease) in number of
               shares outstanding
[shares] 0 [shares] 0 [shares] 0 [shares] 0
            Number of shares outstanding at end of period [shares] 1,68,77,137[shares] 1,68,77,137 [shares] 0 [shares] 0
         Reconciliation of value of shares outstanding
         [Abstract]
            Changes in equity share capital [Abstract]
               Increase in equity share capital during
               period [Abstract]
                  Amount of rights issue during period 0 0 0 0
                  Total aggregate amount of increase
                  in equity share capital during period
0 0 0 0
               Total increase (decrease) in share capital 0 0 0 0
            Equity share capital at end of period 1,687.7137 1,687.7137 0 0
         Shares in company held by holding company or
         ultimate holding company or by its subsidiaries
         or associates [Abstract]
            Shares in company held by holding company [shares] 97,70,435[shares] 97,70,435 [shares] 0 [shares] 0
            Shares in company held by ultimate holding
            company
[shares] 0 [shares] 0 [shares] 0 [shares] 0

220. 220
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
            Total shares in company held by holding company
            or ultimate holding company or by its
            subsidiaries or associates
[shares] 97,70,435[shares] 97,70,435 [shares] 0 [shares] 0
         Details of application money received for
         allotment of securities and due for refund and
         interest accrued thereon [Abstract]
            Application money received for allotment of
            securities and due for refund and interest
            accrued thereon [Abstract]
               Total application money received for
               allotment of securities and due for refund
               and interest accrued thereon
0 0 0 0
         Type of share
Refer to child
member
Equity SharesPreference SharesPreference Shares

221. 221
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Disclosure of classes of equity share capital [Table] ..(3)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of equity share capital [Axis]
Equity shares 2
[Member]
31/03/2019
Disclosure of notes on equity share capital explanatory [TextBlock]
   Disclosure of classes of equity share capital [Abstract]
      Disclosure of classes of equity share capital [Line items]
         Type of share Preference Shares
         Number of shares authorised [shares] 55,00,000
         Value of shares authorised 5,500
         Number of shares issued [shares] 0
         Value of shares issued 0
         Number of shares subscribed and fully paid [shares] 0
         Value of shares subscribed and fully paid 0
         Number of shares subscribed but not fully paid [shares] 0
         Value of shares subscribed but not fully paid 0
         Total number of shares subscribed [shares] 0
         Total value of shares subscribed 0
         Value of shares paid-up [Abstract]
            Number of shares paid-up [shares] 0
            Value of shares called 0
            Calls unpaid [Abstract]
               Calls unpaid by directors and officers [Abstract]
                  Calls unpaid by directors 0
                  Calls unpaid by officers 0
                  Total calls unpaid by directors and officers 0
               Calls unpaid by others 0
               Total calls unpaid 0
            Forfeited shares 0
            Forfeited shares reissued 0
            Value of shares paid-up 0
         Par value per share [INR/shares] 100
         Amount per share called in case shares not fully called [INR/shares] 0
         Reconciliation of number of shares outstanding [Abstract]
            Changes in number of shares outstanding [Abstract]
               Increase in number of shares outstanding [Abstract]
                  Number of shares issued as rights [shares] 0
                  Total aggregate number of shares issued during period [shares] 0
               Total increase (decrease) in number of shares outstanding [shares] 0
            Number of shares outstanding at end of period [shares] 0
         Reconciliation of value of shares outstanding [Abstract]
            Changes in equity share capital [Abstract]
               Increase in equity share capital during period [Abstract]
                  Amount of rights issue during period 0
                  Total aggregate amount of increase in equity share capital during period 0
               Total increase (decrease) in share capital 0
            Equity share capital at end of period 0
         Shares in company held by holding company or ultimate holding company or by its subsidiaries or
         associates [Abstract]
            Shares in company held by holding company [shares] 0
            Shares in company held by ultimate holding company [shares] 0
            Total shares in company held by holding company or ultimate holding company or by its
            subsidiaries or associates
[shares] 0
         Details of application money received for allotment of securities and due for refund and interest
         accrued thereon [Abstract]
            Application money received for allotment of securities and due for refund and interest accrued
            thereon [Abstract]
               Total application money received for allotment of securities and due for refund and interest
               accrued thereon
0
         Type of share Preference Shares

222. 222
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Disclosure of shareholding more than five per cent in company [Table] ..(1)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of equity share capital [Axis] Equity shares 1 [Member]
Name of shareholder [Axis] Name of shareholder [Member] Shareholder 1 [Member]
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
Disclosure of notes on equity share capital explanatory
[TextBlock]
         Type of share
Refer to child
member
Refer to child
member
Equity Equity
   Disclosure of shareholding more than five per cent in
   company [Abstract]
      Disclosure of shareholding more than five per cent
      in company [LineItems]
         Type of share
Refer to child
member
Refer to child
member
Equity Equity
         Name of shareholder
Refer to child
member
Refer to child
member
EbixCash World Money
Limited
EbixCash World Money
Limited
         CIN of shareholder U67190MH1999PLC119009U67190MH1999PLC119009
         Country of incorporation or residence of
         shareholder
INDIA INDIA
         Number of shares held in company
[shares]
1,68,57,097
[shares]
1,68,57,097
[shares] 37,31,235 [shares] 37,31,235
         Percentage of shareholding in company 99.88% 99.88% 22.11% 22.11%
Disclosure of shareholding more than five per cent in company [Table] ..(2)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of equity share capital [Axis] Equity shares 1 [Member]
Name of shareholder [Axis] Shareholder 2 [Member] Shareholder 3 [Member]
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
Disclosure of notes on equity share
capital explanatory
[TextBlock]
         Type of share Equity Equity Equity Equity
   Disclosure of shareholding more than
five per cent in
   company [Abstract]
      Disclosure of shareholding more
than five per cent
      in company [LineItems]
         Type of share Equity Equity Equity Equity
         Name of shareholder
(A)      EBIXCASH
PRIVATE LIMITED
EBIXCASH PRIVATE
LIMITED
Intrex India Private LimitedIntrex India Private Limited
         CIN of shareholder U72900UP2002PTC072950U72900UP2002PTC072950U72200MH2000PTC127738U72200MH2000PTC127738
         Country of incorporation or
residence of
         shareholder
INDIA INDIA INDIA INDIA
         Number of shares held in
company
[shares] 97,70,435 [shares] 97,70,435 [shares] 33,55,427 [shares] 33,55,427
         Percentage of shareholding in
company
57.89% 57.89% 19.88% 19.88%
Footnotes
(A)Old Name- Ebix Software India Private Limited
Disclosure of shareholding more than five per cent in company [Table] ..(3)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of equity share capital [Axis] Equity shares 2 [Member]
Name of shareholder [Axis] Name of shareholder [Member]
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
Disclosure of notes on equity share capital explanatory [TextBlock]
         Type of share Preference SharesPreference Shares
   Disclosure of shareholding more than five per cent in company [Abstract]
      Disclosure of shareholding more than five per cent in company [LineItems]
         Type of share Preference SharesPreference Shares

223. 223
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
Disclosure of notes on equity share capital explanatory [TextBlock]
      Whether there are any shareholders holding more than five per cent
      shares in company
Yes Yes
      Whether money raised from public offering during year No No
[612700] Notes - Income taxes
Disclosure of temporary difference, unused tax losses and unused tax credits [Table] ..(1)
Unless otherwise specified, all monetary values are in Lakhs of INR
Temporary difference, unused tax losses and unused tax credits
[Axis]
Temporary differences [Member]
Depreciation
amortisation
impairment
[Member]
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
31/03/2019
01/04/2020
to
31/03/2021
   Disclosure of temporary difference, unused tax
   losses and unused tax credits [TextBlock]
      Disclosure of temporary difference, unused tax
      losses and unused tax credits [Abstract]
         Disclosure of temporary difference, unused
         tax losses and unused tax credits [Line items]
            Deferred tax assets and liabilities [Abstract]
               Deferred tax assets 692.08 940.92 861.22 309.72
               Deferred tax liabilities 0 0 0 0
               Net deferred tax liability (assets) -692.08 -940.92 -861.22 -309.72
            Net deferred tax assets and liabilities
            [Abstract]
               Net deferred tax assets 692.08 940.92 861.22 309.72
               Net deferred tax liabilities 0 0 0 0
            Deferred tax expense (income) [Abstract]
               Deferred tax expense (income)
                  Deferred tax expense (income)
                  recognised in profit or loss
248.84 -79.7 101.61 (A)   12.88
            Reconciliation of changes in deferred tax
            liability (assets) [Abstract]
               Changes in deferred tax liability (assets)
               [Abstract]
                  Deferred tax expense (income)
                  recognised in profit or loss
248.84 -79.7 101.61 (A)   12.88
                  Total increase (decrease) in deferred
                  tax liability (assets)
248.84 -79.7 101.61 12.88
               Deferred tax liability (assets) at end of
               period
-692.08 -940.92 -861.22 -309.72
            Description of other temporary differences
Refer to child
member
Refer to child
member
Refer to child
member
Difference between
book balance and
tax balance of
property, plant and
equipment / other
intangible assets
Footnotes
(A)(Charged)/credited - to statement of profit and loss

224. 224
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Disclosure of temporary difference, unused tax losses and unused tax credits [Table] ..(2)
Unless otherwise specified, all monetary values are in Lakhs of INR
Temporary difference, unused tax losses and unused tax credits
[Axis]
Depreciation amortisation impairment
[Member]
Other temporary differences [Member]
01/04/2019
to
31/03/2020
31/03/2019
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
   Disclosure of temporary difference, unused tax
   losses and unused tax credits [TextBlock]
      Disclosure of temporary difference, unused tax
      losses and unused tax credits [Abstract]
         Disclosure of temporary difference, unused
         tax losses and unused tax credits [Line items]
            Deferred tax assets and liabilities [Abstract]
               Deferred tax assets 322.6 379.44 382.36 618.32
               Deferred tax liabilities 0 0 0 0
               Net deferred tax liability (assets) -322.6 -379.44 -382.36 -618.32
            Net deferred tax assets and liabilities
            [Abstract]
               Net deferred tax assets 322.6 379.44 382.36 618.32
               Net deferred tax liabilities 0 0 0 0
            Deferred tax expense (income) [Abstract]
               Deferred tax expense (income)
                  Deferred tax expense (income)
                  recognised in profit or loss
(A)   56.84 133.26 235.96 -136.54
            Reconciliation of changes in deferred tax
            liability (assets) [Abstract]
               Changes in deferred tax liability (assets)
               [Abstract]
                  Deferred tax expense (income)
                  recognised in profit or loss
(A)   56.84 133.26 235.96 -136.54
                  Total increase (decrease) in deferred
                  tax liability (assets)
56.84 133.26 235.96 -136.54
               Deferred tax liability (assets) at end of
               period
-322.6 -379.44 -382.36 -618.32
            Description of other temporary differences
Difference between
Book and Income
Tax depreciation
Difference between
Book and Income
Tax depreciation
Refer to child
member
Refer to child
member
Footnotes
(A)'- to statement of profit and loss

225. 225
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Disclosure of temporary difference, unused tax losses and unused tax credits [Table] ..(3)
Unless otherwise specified, all monetary values are in Lakhs of INR
Temporary difference, unused tax losses and unused tax credits
[Axis]
Other temporary
differences
[Member]
Other temporary differences 1 [Member]
31/03/2019
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
31/03/2019
   Disclosure of temporary difference, unused tax
   losses and unused tax credits [TextBlock]
      Disclosure of temporary difference, unused tax
      losses and unused tax credits [Abstract]
         Disclosure of temporary difference, unused
         tax losses and unused tax credits [Line items]
            Deferred tax assets and liabilities [Abstract]
               Deferred tax assets 481.78 28.62 22.99 20.7
               Deferred tax liabilities 0 0 0 0
               Net deferred tax liability (assets) -481.78 -28.62 -22.99 -20.7
            Net deferred tax assets and liabilities
            [Abstract]
               Net deferred tax assets 481.78 28.62 22.99 20.7
               Net deferred tax liabilities 0 0 0 0
            Deferred tax expense (income) [Abstract]
               Deferred tax expense (income)
                  Deferred tax expense (income)
                  recognised in profit or loss
-31.65 (A)   -5.63 (B)   -2.29 10.87
            Reconciliation of changes in deferred tax
            liability (assets) [Abstract]
               Changes in deferred tax liability (assets)
               [Abstract]
                  Deferred tax expense (income)
                  recognised in profit or loss
-31.65 (A)   -5.63 (B)   -2.29 10.87
                  Total increase (decrease) in deferred
                  tax liability (assets)
-31.65 -5.63 -2.29 10.87
               Deferred tax liability (assets) at end of
               period
-481.78 -28.62 -22.99 -20.7
            Description of other temporary differences
Refer to child
member
Provision for
long-term employee
benefits
Provision for long
term employee
benefits
Provision for long
term employee
benefits
Footnotes
(A)(Charged)/credited - to statement of profit and loss 5.40 - to other comprehensive income 0.23
(B)- to statement of profit and loss 1.29 - to other comprehensive income 1.00

226. 226
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Disclosure of temporary difference, unused tax losses and unused tax credits [Table] ..(4)
Unless otherwise specified, all monetary values are in Lakhs of INR
Temporary difference, unused tax losses and unused tax credits
[Axis]
Other temporary differences 2 [Member]
Other temporary
differences 3
[Member]
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
31/03/2019
01/04/2020
to
31/03/2021
   Disclosure of temporary difference, unused tax
   losses and unused tax credits [TextBlock]
      Disclosure of temporary difference, unused tax
      losses and unused tax credits [Abstract]
         Disclosure of temporary difference, unused
         tax losses and unused tax credits [Line items]
            Deferred tax assets and liabilities [Abstract]
               Deferred tax assets 335.99 584.19 455 0
               Deferred tax liabilities 0 0 0 0
               Net deferred tax liability (assets) -335.99 -584.19 -455 0
            Net deferred tax assets and liabilities
            [Abstract]
               Net deferred tax assets 335.99 584.19 455 0
               Net deferred tax liabilities 0 0 0 0
            Deferred tax expense (income) [Abstract]
               Deferred tax expense (income)
                  Deferred tax expense (income)
                  recognised in profit or loss
(A)   248.2 (B)   -129.19 -43.25 0
            Reconciliation of changes in deferred tax
            liability (assets) [Abstract]
               Changes in deferred tax liability (assets)
               [Abstract]
                  Deferred tax expense (income)
                  recognised in profit or loss
(A)   248.2 (B)   -129.19 -43.25 0
                  Total increase (decrease) in deferred
                  tax liability (assets)
248.2 -129.19 -43.25 0
               Deferred tax liability (assets) at end of
               period
-335.99 -584.19 -455 0
            Description of other temporary differences
Accumulated losses
and unabsorbed
depreciation
Accumulated
L o s s e s &
Unabsorbed
Depreciation
Accumulated Losses
& Unabsorbed
Depreciation
Nil
Footnotes
(A)(Charged)/credited - to statement of profit and loss
(B)'- to statement of profit and loss

227. 227
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Disclosure of temporary difference, unused tax losses and unused tax credits [Table] ..(5)
Unless otherwise specified, all monetary values are in Lakhs of INR
Temporary difference, unused tax losses and unused tax credits
[Axis]
Other temporary differences 3
[Member]
Other temporary differences 4
[Member]
01/04/2019
to
31/03/2020
31/03/2019
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
   Disclosure of temporary difference, unused tax
   losses and unused tax credits [TextBlock]
      Disclosure of temporary difference, unused tax
      losses and unused tax credits [Abstract]
         Disclosure of temporary difference, unused
         tax losses and unused tax credits [Line items]
            Deferred tax assets and liabilities [Abstract]
               Deferred tax assets 0 6.08 5.84 1.74
               Deferred tax liabilities 0 0 0 0
               Net deferred tax liability (assets) 0 -6.08 -5.84 -1.74
            Net deferred tax assets and liabilities
            [Abstract]
               Net deferred tax assets 0 6.08 5.84 1.74
               Net deferred tax liabilities 0 0 0 0
            Deferred tax expense (income) [Abstract]
               Deferred tax expense (income)
                  Deferred tax expense (income)
                  recognised in profit or loss
(A)   6.08 0.73 (B)   -4.1(C)   -1.74
            Reconciliation of changes in deferred tax
            liability (assets) [Abstract]
               Changes in deferred tax liability (assets)
               [Abstract]
                  Deferred tax expense (income)
                  recognised in profit or loss
(A)   6.08 0.73 (B)   -4.1(C)   -1.74
                  Total increase (decrease) in deferred
                  tax liability (assets)
6.08 0.73 -4.1 -1.74
               Deferred tax liability (assets) at end of
               period
0 -6.08 -5.84 -1.74
            Description of other temporary differences
Provision for bad &
doubtful debts
Provision for bad &
doubtful debts
Right-of-use assets net of
lease liabilities
L e a s e
Liability
Footnotes
(A)'- to statement of profit and loss
(B)(Charged)/credited - to statement of profit and loss
(C)'- to statement of profit and loss

228. 228
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Disclosure of temporary difference, unused tax losses and unused tax credits [Table] ..(6)
Unless otherwise specified, all monetary values are in Lakhs of INR
Temporary difference, unused tax losses and unused tax credits
[Axis]
Other temporary
differences 4
[Member]
Other temporary differences 5 [Member]
31/03/2019
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
31/03/2019
   Disclosure of temporary difference, unused tax
   losses and unused tax credits [TextBlock]
      Disclosure of temporary difference, unused tax
      losses and unused tax credits [Abstract]
         Disclosure of temporary difference, unused
         tax losses and unused tax credits [Line items]
            Deferred tax assets and liabilities [Abstract]
               Deferred tax assets 11.91 9.4
               Deferred tax liabilities 0 0
               Net deferred tax liability (assets) 0 -11.91 -9.4 0
            Net deferred tax assets and liabilities
            [Abstract]
               Net deferred tax assets 11.91 9.4
               Net deferred tax liabilities 0 0
            Deferred tax expense (income) [Abstract]
               Deferred tax expense (income)
                  Deferred tax expense (income)
                  recognised in profit or loss
0(A)   -2.51 (B)   -9.4 0
            Reconciliation of changes in deferred tax
            liability (assets) [Abstract]
               Changes in deferred tax liability (assets)
               [Abstract]
                  Deferred tax expense (income)
                  recognised in profit or loss
0(A)   -2.51 (B)   -9.4 0
                  Total increase (decrease) in deferred
                  tax liability (assets)
0 -2.51 -9.4 0
               Deferred tax liability (assets) at end of
               period
0 -11.91 -9.4 0
            Description of other temporary differences Nil Others
Expenses disallowed for non-deduction
of TDS
Nil
Footnotes
(A)(Charged)/credited - to statement of profit and loss
(B)'- to statement of profit and loss

229. 229
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
01/04/2018
to
31/03/2019
Disclosure of income tax [TextBlock]
Textual information (50)
[See below]
   Major components of tax expense (income) [Abstract]
      Current tax expense (income) and adjustments for current tax of prior
      periods [Abstract]
         Current tax expense (income) 249.07 -78.7 0
         Total current tax expense (income) and adjustments for current tax
         of prior periods
249.07 -78.7 0
      Total tax expense (income) 249.07 -78.7 0
   Disclosure of temporary difference, unused tax losses and unused tax
   credits [TextBlock]
      Disclosure of temporary difference, unused tax losses and unused tax
      credits [Abstract]
         Disclosure of temporary difference, unused tax losses and unused
         tax credits [Line items]
            Deferred tax assets and liabilities [Abstract]
               Deferred tax assets
               Deferred tax liabilities
               Net deferred tax liability (assets)
            Net deferred tax assets and liabilities [Abstract]
               Net deferred tax assets
               Net deferred tax liabilities
            Deferred tax expense (income) [Abstract]
               Deferred tax expense (income)
                  Deferred tax expense (income) recognised in profit or loss
            Reconciliation of changes in deferred tax liability (assets)
            [Abstract]
               Changes in deferred tax liability (assets) [Abstract]
                  Deferred tax expense (income) recognised in profit or loss
                  Total increase (decrease) in deferred tax liability (assets)
            Description of other temporary differences
   Reconciliation of accounting profit multiplied by applicable tax rates
   [Abstract]
      Tax expense (income) at applicable tax rate 249.07 -78.7 0
      Total tax expense (income) 249.07 -78.7 0

230. 230
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Textual information (50)
Disclosure of income tax [Text Block]
Income tax
Income tax expense comprises current and deferred tax. It is recognised in statement of profit and loss except to the extent that it relates to
items recognised directly in equity or in other comprehensive income.
a. Current tax
The current income tax charge is calculated based on the tax laws enacted or substantively enacted at the end of the reporting period in India,
where the Company operate and generate taxable income. The Company creates provisions where appropriate on the basis of amounts
expected to be paid to the tax authorities.
Current tax assets and current tax liabilities are offset only if there is a legally enforceable right to set off the recognised amounts, and it is
intended to realise the asset and settle the liability on a net basis or simultaneously.
b. Deferred tax
Deferred tax is provided in full, using the liability method, on temporary differences arising between the tax bases of assets and liabilities and
their carrying amounts in the financial statements. Deferred income tax is determined using tax rates (and laws) that have been enacted or
substantially enacted by the end of the reporting period and are expected to apply when the related deferred income tax asset is realised or the
deferred income tax liability is settled. Deferred tax assets are recognised for all deductible temporary differences only if it is probable that
future taxable amounts will be available to utilise those temporary differences and losses.
Deferred tax assets and liabilities are offset when there is a legally enforceable right to offset current tax assets and liabilities and when the
deferred tax balances relate to the same taxation authority.
Current and deferred tax is recognised in Statement of Profit and Loss, except to the extent that it relates to items recognised in other
comprehensive income or directly in equity. In this case, the tax is also recognised in other comprehensive income or directly in equity,
respectively.
Deferred tax assets are recognised to the extent that it is probable that future taxable profits will be available against which they can be used.
In case of a history of recent losses, the Company recognises a deferred tax asset only to the extent that it has sufficient taxable temporary
differences or there is convincing other evidence that sufficient taxable profit will be available against which such deferred tax asset can be
realised. Deferred tax assets – unrecognised or recognised, are reviewed at each reporting date and are recognised/ reduced to the extent that
it is probable/ no longer probable respectively that the related tax benefit will be realized.
[611000] Notes - Exploration for and evaluation of mineral resources
Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
Disclosure of exploration and evaluation assets [TextBlock]
   Whether there are any exploration and evaluation activities No No
[611900] Notes - Accounting for government grants and disclosure of government assistance
Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
Disclosure of accounting for government grants and disclosure of government
assistance [TextBlock]
   Whether company has received any government grant or government assistance No No

231. 231
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
[401100] Notes - Subclassification and notes on liabilities and assets
Other current financial assets others [Table] ..(1)
Unless otherwise specified, all monetary values are in Lakhs of INR
Other current financial assets others [Axis] 1 2
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
31/03/2019
01/04/2020
to
31/03/2021
Disclosure of subclassification and notes on liabilities
and assets explanatory [TextBlock]
   Subclassification and notes on liabilities and assets
   [Abstract]
      Other current financial assets [Abstract]
         Other current financial assets others 6,336.78 4,669.59 850.92 40.59
         Other current financial assets others [Abstract]
            Other current financial assets others [Line
            items]
               Description other current financial assets
               others
'-Other receivables'-Other receivables'-Other receivables
Interest Accrued on
term deposits
               Other current financial assets others 6,336.78 4,669.59 850.92 40.59
Other current financial assets others [Table] ..(2)
Unless otherwise specified, all monetary values are in Lakhs of INR
Other current financial assets others [Axis] 2 3
01/04/2019
to
31/03/2020
31/03/2019
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
Disclosure of subclassification and notes on liabilities
and assets explanatory [TextBlock]
   Subclassification and notes on liabilities and assets
   [Abstract]
      Other current financial assets [Abstract]
         Other current financial assets others 30.51 21.18 775.66 223.74
         Other current financial assets others [Abstract]
            Other current financial assets others [Line
            items]
               Description other current financial assets
               others
Interest Accrued on
term deposits
Interest Accrued on
term deposits
U n b i l l e d
receivables/revenue
U n b i l l e d
receivables/revenue
               Other current financial assets others 30.51 21.18 775.66 223.74
Other current financial assets others [Table] ..(3)
Unless otherwise specified, all monetary values are in Lakhs of INR
Other current financial assets others [Axis] 3 4
31/03/2019
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
31/03/2019
Disclosure of subclassification and notes on liabilities
and assets explanatory [TextBlock]
   Subclassification and notes on liabilities and assets
   [Abstract]
      Other current financial assets [Abstract]
         Other current financial assets others 327.33 251.06 142.44 0
         Other current financial assets others [Abstract]
            Other current financial assets others [Line
            items]
               Description other current financial assets
               others
U n b i l l e d
receivables/revenue
'Interest accrued and
not due on loan to
related parties (refer
note 41)
'Interest accrued and
not due on loan to
related parties (refer
note 41)
Interest accrued and
not due on loan to
related parties (refer
note 41)
               Other current financial assets others 327.33 251.06 142.44 0

232. 232
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Other current assets others [Table] ..(1)
Unless otherwise specified, all monetary values are in Lakhs of INR
Other current assets others [Axis] 1 2
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
31/03/2019
01/04/2020
to
31/03/2021
Disclosure of subclassification and notes on liabilities
and assets explanatory [TextBlock]
   Subclassification and notes on liabilities and assets
   [Abstract]
      Other current assets notes [Abstract]
         Other current assets [Abstract]
            Other current assets, others 6,099.27 542.99 498.43 706
            Other current assets others [Abstract]
               Other current assets others [Line items]
                  Description of other current assets others
Prepayments -
co-branded cards
Prepayments -
co-branded cards
Advance to
Vendors
Trade advances to
super distributor
                  Other current assets, others 6,099.27 542.99 498.43 706
Other current assets others [Table] ..(2)
Unless otherwise specified, all monetary values are in Lakhs of INR
Other current assets others [Axis] 2 3
01/04/2019
to
31/03/2020
31/03/2019
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
Disclosure of subclassification and notes on liabilities
and assets explanatory [TextBlock]
   Subclassification and notes on liabilities and assets
   [Abstract]
      Other current assets notes [Abstract]
         Other current assets [Abstract]
            Other current assets, others 650.85 429.17 8.34 147.65
            Other current assets others [Abstract]
               Other current assets others [Line items]
                  Description of other current assets others
Trade Advances to
Super Distributor
Trade Advances to
Super Distributor
Advance to vendorsAdvance to vendors
                  Other current assets, others 650.85 429.17 8.34 147.65
Other current assets others [Table] ..(3)
Unless otherwise specified, all monetary values are in Lakhs of INR
Other current assets others [Axis] 3 4
31/03/2019
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
31/03/2019
Disclosure of subclassification and notes on liabilities
and assets explanatory [TextBlock]
   Subclassification and notes on liabilities and assets
   [Abstract]
      Other current assets notes [Abstract]
         Other current assets [Abstract]
            Other current assets, others 1,100 15.31 15.83 11.89
            Other current assets others [Abstract]
               Other current assets others [Line items]
                  Description of other current assets others
Trade Advances to
Related Party (Refer
Note 41)
A d v a n c e t o
employees
Advance to employeesGST Receivable
                  Other current assets, others 1,100 15.31 15.83 11.89

233. 233
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Other current assets others [Table] ..(4)
Unless otherwise specified, all monetary values are in Lakhs of INR
Other current assets others [Axis] 5 6
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
31/03/2019
01/04/2020
to
31/03/2021
Disclosure of subclassification and notes on liabilities
and assets explanatory [TextBlock]
   Subclassification and notes on liabilities and assets
   [Abstract]
      Other current assets notes [Abstract]
         Other current assets [Abstract]
            Other current assets, others 33.62 221.41 129.34 219.31
            Other current assets others [Abstract]
               Other current assets others [Line items]
                  Description of other current assets others
Prepaid
expenses
Balance with statutory/government
authorities
Prepaid
Expenses
Balances with
merchants pending
utilization
                  Other current assets, others 33.62 221.41 129.34 219.31
Other current assets others [Table] ..(5)
Unless otherwise specified, all monetary values are in Lakhs of INR
Other current assets others [Axis] 6 7
01/04/2019
to
31/03/2020
01/04/2019
to
31/03/2020
Disclosure of subclassification and notes on liabilities and assets explanatory [TextBlock]
   Subclassification and notes on liabilities and assets [Abstract]
      Other current assets notes [Abstract]
         Other current assets [Abstract]
            Other current assets, others 52.06 163.14
            Other current assets others [Abstract]
               Other current assets others [Line items]
                  Description of other current assets others Prepaid expenses
Balances with
merchants pending
utilization
                  Other current assets, others 52.06 163.14

234. 234
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Details of loans [Table] ..(1)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classification based on current non-current [Axis] Non-current [Member]
Classification of loans [Axis] Loans [Member]
Classification of assets based on security [Axis] Classification of assets based on security [Member]
Unsecured
considered good
[Member]
31/03/2021 31/03/2020 31/03/2019 31/03/2021
Disclosure of subclassification and notes on liabilities
and assets explanatory [TextBlock]
   Subclassification and notes on liabilities and assets
   [Abstract]
      Loans notes [Abstract]
         Disclosure of loans [Abstract]
            Details of loans [Line items]
               Loans , gross 86.81 101.33 113.95 86.81
               Allowance for bad and doubtful loans 0 0 0 0
               Total loans 86.81 101.33 113.95 86.81
               Details of loans due by directors, other
               officers or others [Abstract]
                  Loans due by directors 0 0 0 0
                  Loans due by other officers 0 0 0 0
                  Total loans due by directors, other
                  officers or others
0 0 0 0
               Details of loans due by firms or
               companies in which any director
               is partner or director [Abstract]
                  Loans due by firms in which any director
                  is partner
0 0 0 0
                  Loans due by private companies in
                  which any director is director
0 0 0 0
                  Loans due by private companies in
                  which any director is member
0 0 0 0
                  Total loans due by firms or
                  companies in which any director
                  is partner or director
0 0 0 0
Details of loans [Table] ..(2)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classification based on current non-current [Axis] Non-current [Member]
Classification of loans [Axis] Loans [Member] Security deposits [Member]
Classification of assets based on security [Axis]Unsecured considered good [Member]Unsecured considered good [Member]
31/03/2020 31/03/2019 31/03/2021 31/03/2020
Disclosure of subclassification and notes on liabilities
and assets explanatory [TextBlock]
   Subclassification and notes on liabilities and assets
   [Abstract]
      Loans notes [Abstract]
         Disclosure of loans [Abstract]
            Details of loans [Line items]
               Loans , gross 101.33 113.95 86.81 101.33
               Allowance for bad and doubtful loans 0 0 0 0
               Total loans 101.33 113.95 86.81 101.33
               Details of loans due by directors, other
               officers or others [Abstract]
                  Loans due by directors 0 0 0 0
                  Loans due by other officers 0 0 0 0
                  Total loans due by directors, other
                  officers or others
0 0 0 0
               Details of loans due by firms or
               companies in which any director
               is partner or director [Abstract]
                  Loans due by firms in which any director
                  is partner
0 0 0 0
                  Loans due by private companies in
                  which any director is director
0 0 0 0
                  Loans due by private companies in
                  which any director is member
0 0 0 0
                  Total loans due by firms or
                  companies in which any director
                  is partner or director
0 0 0 0

235. 235
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Details of loans [Table] ..(3)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classification based on current non-current [Axis]
Non-current
[Member]
Current [Member]
Classification of loans [Axis]
Security deposits
[Member]
Loans [Member]
Classification of assets based on security [Axis]
Unsecured
considered good
[Member]
Classification of assets based on security [Member]
31/03/2019
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
31/03/2019
Disclosure of subclassification and notes on liabilities
and assets explanatory [TextBlock]
   Subclassification and notes on liabilities and assets
   [Abstract]
      Loans notes [Abstract]
         Disclosure of loans [Abstract]
            Details of loans [Line items]
               Loans , gross 113.95 830 3,580 0
               Allowance for bad and doubtful loans 0 0 0 0
               Total loans 113.95 830 3,580 0
               Details of loans to related parties
Refer to child
member
Refer to child
member
Refer to child
member
               Nature of other loans
Refer to child
member
Refer to child
member
Refer to child
member
               Details of loans due by directors, other
               officers or others [Abstract]
                  Loans due by directors 0 0 0 0
                  Loans due by other officers 0 0 0 0
                  Total loans due by directors, other
                  officers or others
0 0 0 0
               Details of loans due by firms or
               companies in which any director
               is partner or director [Abstract]
                  Loans due by firms in which any director
                  is partner
0 0 0 0
                  Loans due by private companies in
                  which any director is director
0 0 0 0
                  Loans due by private companies in
                  which any director is member
0 0 0 0
                  Total loans due by firms or
                  companies in which any director
                  is partner or director
0 0 0 0

236. 236
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Details of loans [Table] ..(4)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classification based on current non-current [Axis] Current [Member]
Classification of loans [Axis] Loans [Member]
Other loans
[Member]
Classification of assets based on security [Axis] Unsecured considered good [Member]
Unsecured
considered good
[Member]
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
31/03/2019
01/04/2020
to
31/03/2021
Disclosure of subclassification and notes on liabilities
and assets explanatory [TextBlock]
   Subclassification and notes on liabilities and assets
   [Abstract]
      Loans notes [Abstract]
         Disclosure of loans [Abstract]
            Details of loans [Line items]
               Loans , gross 830 3,580 0 830
               Allowance for bad and doubtful loans 0 0 0 0
               Total loans 830 3,580 0 830
               Details of loans to related parties
Refer to child
member
Refer to child
member
Refer to child
member
Refer to child
member
               Nature of other loans
Refer to child
member
Refer to child
member
Refer to child
member
Refer to child
member
               Details of loans due by directors, other
               officers or others [Abstract]
                  Loans due by directors 0 0 0 0
                  Loans due by other officers 0 0 0 0
                  Total loans due by directors, other
                  officers or others
0 0 0 0
               Details of loans due by firms or
               companies in which any director
               is partner or director [Abstract]
                  Loans due by firms in which any director
                  is partner
0 0 0 0
                  Loans due by private companies in
                  which any director is director
0 0 0 0
                  Loans due by private companies in
                  which any director is member
0 0 0 0
                  Total loans due by firms or
                  companies in which any director
                  is partner or director
0 0 0 0

237. 237
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Details of loans [Table] ..(5)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classification based on current non-current [Axis] Current [Member]
Classification of loans [Axis] Other loans [Member] Intercorporate deposits [Member]
Classification of assets based on security [Axis]Unsecured considered good [Member]Unsecured considered good [Member]
01/04/2019
to
31/03/2020
31/03/2019
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
Disclosure of subclassification and notes on liabilities
and assets explanatory [TextBlock]
   Subclassification and notes on liabilities and assets
   [Abstract]
      Loans notes [Abstract]
         Disclosure of loans [Abstract]
            Details of loans [Line items]
               Loans , gross 3,580 0 830 3,580
               Allowance for bad and doubtful loans 0 0 0 0
               Total loans 3,580 0 830 3,580
               Details of loans to related parties
Refer to child
member
Refer to child
member
Loan to related
parties represents
loan given to
holding company
a n d f e l l o w
subsidiaries of INR
830 lakhs @ 8.25%
per annum (INR
3,580 lakhs March
31, 2020 @ 9% per
annum) and are
repayable on
demand.
Loan to related
parties represents
loan given to holding
company and fellow
subsidiaries of INR
830 lakhs @ 8.25%
per annum (INR
3,580 lakhs March
31, 2020 @ 9% per
annum) and are
repayable on demand.
               Nature of other loans
Refer to child
member
Refer to child
member
Loan to related
parties represents
loan given to
holding company
a n d f e l l o w
subsidiaries of INR
830 lakhs @ 8.25%
per annum (INR
3,580 lakhs March
31, 2020 @ 9% per
annum) and are
repayable on
demand.
Loan to related
parties represents
loan given to holding
company and fellow
subsidiaries of INR
830 lakhs @ 8.25%
per annum (INR
3,580 lakhs March
31, 2020 @ 9% per
annum) and are
repayable on demand.
               Details of loans due by directors, other
               officers or others [Abstract]
                  Loans due by directors 0 0 0 0
                  Loans due by other officers 0 0 0 0
                  Total loans due by directors, other
                  officers or others
0 0 0 0
               Details of loans due by firms or
               companies in which any director
               is partner or director [Abstract]
                  Loans due by firms in which any director
                  is partner
0 0 0 0
                  Loans due by private companies in
                  which any director is director
0 0 0 0
                  Loans due by private companies in
                  which any director is member
0 0 0 0
                  Total loans due by firms or
                  companies in which any director
                  is partner or director
0 0 0 0

238. 238
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Details of loans [Table] ..(6)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classification based on current non-current [Axis] Current [Member]
Classification of loans [Axis]
Intercorporate
deposits [Member]
Classification of assets based on security [Axis]
Unsecured
considered good
[Member]
31/03/2019
Disclosure of subclassification and notes on liabilities and assets explanatory [TextBlock]
   Subclassification and notes on liabilities and assets [Abstract]
      Loans notes [Abstract]
         Disclosure of loans [Abstract]
            Details of loans [Line items]
               Loans , gross 0
               Allowance for bad and doubtful loans 0
               Total loans 0
               Details of loans to related parties 0
               Nature of other loans 0
               Details of loans due by directors, other officers or others [Abstract]
                  Loans due by directors 0
                  Loans due by other officers 0
                  Total loans due by directors, other officers or others 0
               Details of loans due by firms or companies in which any director is partner or director
               [Abstract]
                  Loans due by firms in which any director is partner 0
                  Loans due by private companies in which any director is director 0
                  Loans due by private companies in which any director is member 0
                  Total loans due by firms or companies in which any director is partner or director 0
Classification of inventories [Table] ..(1)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classification of inventories [Axis] Company inventories [Member]
Stock-in-trade
[Member]
31/03/2021 31/03/2020 31/03/2019
01/04/2020
to
31/03/2021
Disclosure of subclassification and notes on liabilities
and assets explanatory [TextBlock]
   Subclassification and notes on liabilities and assets
   [Abstract]
      Inventories notes [Abstract]
         Classification of inventories [Abstract]
            Classification of inventories [Line items]
               Inventories 25.85 713 376.62 (A)   25.85
               Mode of valuation
(At cost or NRV
whichever is lower)
Footnotes
(A)Stock in trade Prepaid gift cards
Classification of inventories [Table] ..(2)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classification of inventories [Axis] Stock-in-trade [Member]
01/04/2019
to
31/03/2020
31/03/2019
Disclosure of subclassification and notes on liabilities and assets explanatory [TextBlock]
   Subclassification and notes on liabilities and assets [Abstract]
      Inventories notes [Abstract]
         Classification of inventories [Abstract]
            Classification of inventories [Line items]
               Inventories 713 (A)   376.62
               Mode of valuation
(At cost or NRV
whichever is lower)
(At cost or NRV
whichever is lower)
Footnotes
(A)Stock in trade Prepaid gift cards

239. 239
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Other non-current assets, others [Table] ..(1)
Unless otherwise specified, all monetary values are in Lakhs of INR
Other non-current assets, others [Axis] 1
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
Disclosure of subclassification and notes on liabilities and assets explanatory [TextBlock]
   Subclassification and notes on liabilities and assets [Abstract]
      Other non-current assets notes [Abstract]
         Other non-current assets [Abstract]
            Other non-current assets, others 451.47 1,458.29
            Other non-current assets, others [Abstract]
               Other non-current assets, others [Line items]
                  Description of other non-current assets, others
Advance tax (Net of
provision for
income tax)
Advance tax (Net of
provision for income
tax)
                  Other non-current assets, others 451.47 1,458.29
Other current liabilities, others [Table] ..(1)
Unless otherwise specified, all monetary values are in Lakhs of INR
Other current liabilities, others [Axis] 1 2
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
31/03/2019
01/04/2020
to
31/03/2021
Disclosure of subclassification and notes on liabilities
and assets explanatory [TextBlock]
   Subclassification and notes on liabilities and assets
   [Abstract]
      Disclosure of other current liabilities notes
      [Abstract]
         Other current liabilities [Abstract]
            Other current liabilities, others 6,099.27 542.99 3,338.11 1,854.14
            Other current liabilities, others [Abstract]
               Other current liabilities, others [Line
               items]
                  Description of other current liabilities,
                  others
Unearned
revenue
Unearned
revenue
Advances received for Merchant
settlement
Advances received
for merchant
settlement
                  Other current liabilities, others 6,099.27 542.99 3,338.11 1,854.14
Other current liabilities, others [Table] ..(2)
Unless otherwise specified, all monetary values are in Lakhs of INR
Other current liabilities, others [Axis] 2 3
01/04/2019
to
31/03/2020
31/03/2019
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
Disclosure of subclassification and notes on liabilities
and assets explanatory [TextBlock]
   Subclassification and notes on liabilities and assets
   [Abstract]
      Disclosure of other current liabilities notes
      [Abstract]
         Other current liabilities [Abstract]
            Other current liabilities, others 3,151.89 84.05 2,435.32 2,095.87
            Other current liabilities, others [Abstract]
               Other current liabilities, others [Line
               items]
                  Description of other current liabilities,
                  others
Advances received for
merchant settlement
Statutory
Dues
Advances received
from customers
Advances received
from customers
                  Other current liabilities, others 3,151.89 84.05 2,435.32 2,095.87

240. 240
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Other current liabilities, others [Table] ..(3)
Unless otherwise specified, all monetary values are in Lakhs of INR
Other current liabilities, others [Axis] 3 4 5
31/03/2019
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
01/04/2020
to
31/03/2021
Disclosure of subclassification and notes on liabilities
and assets explanatory [TextBlock]
   Subclassification and notes on liabilities and assets
   [Abstract]
      Disclosure of other current liabilities notes
      [Abstract]
         Other current liabilities [Abstract]
            Other current liabilities, others 2,629.42 63.11 50.01 483.69
            Other current liabilities, others [Abstract]
               Other current liabilities, others [Line
               items]
                  Description of other current liabilities,
                  others
'Advances received
from customers
Statutory duesStatutory dues
Payable to related
parties (refer note
41)
                  Other current liabilities, others 2,629.42 63.11 50.01 483.69
Other non-current financial liabilities others [Table] ..(1)
Unless otherwise specified, all monetary values are in Lakhs of INR
Other non-current financial liabilities others [Axis] 1 2
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
31/03/2019
01/04/2020
to
31/03/2021
Disclosure of subclassification and notes on liabilities
and assets explanatory [TextBlock]
   Subclassification and notes on liabilities and assets
   [Abstract]
      Disclosure of other non-current financial
      liabilities notes [Abstract]
         Other non-current financial liabilities [Abstract]
            Other non-current financial liabilities, others 139.53 9.28 9.78 8.32
            Other non-current financial liabilities others
            [Abstract]
               Other non-current financial liabilities
               others [Line items]
                  Description other non-current financial
                  liabilities others
(A)      Security
Deposits
(B)      Security
Deposits
Security Deposits
Lease Liabilities
(Refer Note 44)
                  Other non-current financial liabilities,
                  others
139.53 9.28 9.78 8.32
(A)(other financial liabilities at amortised cost)
(B)(other financial liabilities at amortised cost)
Other non-current financial liabilities others [Table] ..(2)
Unless otherwise specified, all monetary values are in Lakhs of INR
Other non-current financial liabilities others [Axis] 2
01/04/2019
to
31/03/2020
31/03/2019
Disclosure of subclassification and notes on liabilities and assets explanatory [TextBlock]
   Subclassification and notes on liabilities and assets [Abstract]
      Disclosure of other non-current financial liabilities notes [Abstract]
         Other non-current financial liabilities [Abstract]
            Other non-current financial liabilities, others 231.1 0
            Other non-current financial liabilities others [Abstract]
               Other non-current financial liabilities others [Line items]
                  Description other non-current financial liabilities others
Lease Liabilities (Refer Note
44)
NA
                  Other non-current financial liabilities, others 231.1 0

241. 241
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Other current financial liabilities, others [Table] ..(1)
Unless otherwise specified, all monetary values are in Lakhs of INR
Other current financial liabilities, others [Axis] 1 2
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
31/03/2019
01/04/2020
to
31/03/2021
Disclosure of subclassification and notes on liabilities
and assets explanatory [TextBlock]
   Subclassification and notes on liabilities and assets
   [Abstract]
      Disclosure of other current financial liabilities
      notes [Abstract]
         Other current financial liabilities [Abstract]
            Other current financial liabilities, others 91.57 75.33 8.28 24.06
            Other current financial liabilities, others
            [Abstract]
               Other current financial liabilities, others
               [Line items]
                  Description of other current financial
                  liabilities, others
Lease liabilities
(refer note 44)
Lease liabilities (refer
note 44)
Employee benefits
payable
Interest accrued and
due on loan from
related parties (refer
note 41)
                  Other current financial liabilities,
                  others
91.57 75.33 8.28 24.06
Other current financial liabilities, others [Table] ..(2)
Unless otherwise specified, all monetary values are in Lakhs of INR
Other current financial liabilities, others [Axis] 2 3
01/04/2019
to
31/03/2020
31/03/2019
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
Disclosure of subclassification and notes on liabilities
and assets explanatory [TextBlock]
   Subclassification and notes on liabilities and assets
   [Abstract]
      Disclosure of other current financial liabilities
      notes [Abstract]
         Other current financial liabilities [Abstract]
            Other current financial liabilities, others 28.11 676.26 1.02 79.39
            Other current financial liabilities, others
            [Abstract]
               Other current financial liabilities, others
               [Line items]
                  Description of other current financial
                  liabilities, others
Interest accrued and due on loan
from related parties (refer note
41)
Refund
liabilities
Employee benefits
payable
Employee benefits
payable
                  Other current financial liabilities,
                  others
28.11 676.26 1.02 79.39
Other current financial liabilities, others [Table] ..(3)
Unless otherwise specified, all monetary values are in Lakhs of INR
Other current financial liabilities, others [Axis] 3 4 5
31/03/2019
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
01/04/2020
to
31/03/2021
Disclosure of subclassification and notes on liabilities
and assets explanatory [TextBlock]
   Subclassification and notes on liabilities and assets
   [Abstract]
      Disclosure of other current financial liabilities
      notes [Abstract]
         Other current financial liabilities [Abstract]
            Other current financial liabilities, others 2,243.94 479.86 339.81 423.11
            Other current financial liabilities, others
            [Abstract]
               Other current financial liabilities, others
               [Line items]
                  Description of other current financial
                  liabilities, others
P a y a b l e t o
merchants
Refund liabilitiesRefund liabilities
P a y a b l e t o
merchants
                  Other current financial liabilities,
                  others
2,243.94 479.86 339.81 423.11

242. 242
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Other current financial liabilities, others [Table] ..(4)
Unless otherwise specified, all monetary values are in Lakhs of INR
Other current financial liabilities, others [Axis] 5
01/04/2019
to
31/03/2020
Disclosure of subclassification and notes on liabilities and assets explanatory [TextBlock]
   Subclassification and notes on liabilities and assets [Abstract]
      Disclosure of other current financial liabilities notes [Abstract]
         Other current financial liabilities [Abstract]
            Other current financial liabilities, others 502.95
            Other current financial liabilities, others [Abstract]
               Other current financial liabilities, others [Line items]
                  Description of other current financial liabilities, others
P a y a b l e t o
merchants
                  Other current financial liabilities, others 502.95
Other non-current financial assets, others [Table] ..(1)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classification of other non-current financial assets others [Axis] 1
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
31/03/2019
Disclosure of subclassification and notes on liabilities and assets
explanatory [TextBlock]
   Subclassification and notes on liabilities and assets [Abstract]
      Other non-current financial assets notes [Abstract]
         Other non-current financial assets [Abstract]
            Other non-current financial assets, others 155.52 70.51 89.92
            Other non-current financial assets, others [Abstract]
               Other non-current financial assets, others [Line items]
                  Description other non-current financial assets, others
(A)      Balance with
banks in deposits
accounts with
remaining maturity
of more than 12
months*
(B)      Balance with
banks in deposits
accounts with
remaining maturity
of more than 12
months*
(C)      Balance with
banks in deposits
accounts with
remaining maturity of
more than 12
months*
                  Other non-current financial assets, others 155.52 70.51 89.92
(A)*includes deposits of INR 138.17 lakhs (March 31, 2020: INR 39.67 lakhs, April 01, 2019: INR 65.15 lakhs) pledged with bank
against guarantee.
(B)*includes deposits of INR 138.17 lakhs (March 31, 2020: INR 39.67 lakhs, April 01, 2019: INR 65.15 lakhs) pledged with bank
against guarantee.
(C)*includes deposits of INR 138.17 lakhs (March 31, 2020: INR 39.67 lakhs, April 01, 2019: INR 65.15 lakhs) pledged with bank
against guarantee.
Disclosure of breakup of provisions [Table] ..(1)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classification based on current non-current [Axis] Non-current [Member] Current [Member]
31/03/2021 31/03/2020 31/03/2019
01/04/2020
to
31/03/2021
Disclosure of subclassification and notes on liabilities
and assets explanatory [TextBlock]
   Subclassification and notes on liabilities and assets
   [Abstract]
      Provisions notes [Abstract]
         Disclosure of breakup of provisions [Abstract]
            Disclosure of breakup of provisions [Line items]
               Provisions [Abstract]
                  Provisions for employee benefits
                  [Abstract]
                     Provision gratuity 42.49 26.65 7.34 3.13
                     Provision leave encashment (A)   64.15 61.56 69.44 0.31
                     Total provisions for employee benefits 106.64 88.21 76.78 3.44
                  CSR expenditure provision 0 0 0 0
                  Other provisions 0
                  Total provisions 106.64 88.21 76.78 3.44

243. 243
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Footnotes
(A)Provision for compensated absences
Disclosure of breakup of provisions [Table] ..(2)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classification based on current non-current [Axis] Current [Member]
01/04/2019
to
31/03/2020
31/03/2019
Disclosure of subclassification and notes on liabilities and assets explanatory [TextBlock]
   Subclassification and notes on liabilities and assets [Abstract]
      Provisions notes [Abstract]
         Disclosure of breakup of provisions [Abstract]
            Disclosure of breakup of provisions [Line items]
               Provisions [Abstract]
                  Provisions for employee benefits [Abstract]
                     Provision gratuity 3.15 2.85
                     Provision leave encashment 0 0
                     Total provisions for employee benefits 3.15 2.85
                  CSR expenditure provision 0 0
                  Other provisions 34.4
                  Total provisions 3.15 37.25
Subclassification of trade receivables [Table] ..(1)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classification based on current non-current [Axis] Current [Member]
Classification of assets based on security [Axis] Classification of assets based on security [Member]
Unsecured
considered good
[Member]
31/03/2021 31/03/2020 31/03/2019
01/04/2020
to
31/03/2021
Disclosure of subclassification and notes on liabilities
and assets explanatory [TextBlock]
   Subclassification and notes on liabilities and assets
   [Abstract]
      Disclosure of notes on trade receivables [Abstract]
         Subclassification of trade receivables [Abstract]
            Subclassification of trade receivables [Line
            items]
               Breakup of trade receivables [Abstract]
                  Trade receivables, gross 2,162.04 1,178.01 2,421.35 (A)   2,162.04
                  Allowance for bad and doubtful debts 0 0 23.38 0
                  Total trade receivables 2,162.04 1,178.01 2,397.97 2,162.04
               Details of trade receivables due by
               directors, other officers or others
               [Abstract]
                  Trade receivables due by directors 0
                  Trade receivables due by other officers 0
                  Total trade receivables due by
                  directors, other officers or others
0
               Details of trade receivables due by firms
               or companies in which any director is
               partner or director [Abstract]
                  Trade receivables due by firms in
                  which any director is partner
0
                  Trade receivables due by private
                  companies in which any director is
                  director
0
                  Trade receivables due by private
                  companies in which any director is
                  member
0
                  Total trade receivables due by
                  firms or companies in which any
                  director is partner or director
0
Footnotes
(A)Other trade receivables 2,153.51 Receivable from related parties (refer note 41) 8.53

244. 244
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Subclassification of trade receivables [Table] ..(2)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classification based on current non-current [Axis] Current [Member]
Classification of assets based on security [Axis] Unsecured considered good [Member]
01/04/2019
to
31/03/2020
31/03/2019
Disclosure of subclassification and notes on liabilities and assets explanatory [TextBlock]
   Subclassification and notes on liabilities and assets [Abstract]
      Disclosure of notes on trade receivables [Abstract]
         Subclassification of trade receivables [Abstract]
            Subclassification of trade receivables [Line items]
               Breakup of trade receivables [Abstract]
                  Trade receivables, gross (A)   1,178.01 (B)   2,421.35
                  Allowance for bad and doubtful debts 0 23.38
                  Total trade receivables 1,178.01 2,397.97
               Details of trade receivables due by directors, other officers or others
               [Abstract]
                  Trade receivables due by directors 0 0
                  Trade receivables due by other officers 0 0
                  Total trade receivables due by directors, other officers or others 0 0
               Details of trade receivables due by firms or companies in which any
               director is partner or director [Abstract]
                  Trade receivables due by firms in which any director is partner 0 0
                  Trade receivables due by private companies in which any director is director 0 0
                  Trade receivables due by private companies in which any director is member 0 0
                  Total trade receivables due by firms or companies in which any director
                  is partner or director
0 0
Footnotes
(A)(Unsecured and considered good) Receivable from related parties (refer note 41) 21.46 Other trade receivables 1156.55
(B)Other trade receivables 2,418.62 Receivable from related parties (refer note 41) 2.73
Unless otherwise specified, all monetary values are in Lakhs of INR
31/03/202131/03/202031/03/2019
Disclosure of subclassification and notes on liabilities and assets
explanatory [TextBlock]
            Total other non-current financial assets 155.52 70.51 89.92
            Advances, non-current 0 0 0
            Total other non-current assets 451.47 1,458.29 899.87
         Disclosure of notes on cash and bank balances explanatory [TextBlock]
                        Fixed deposits with banks 0 0 0
                        Other balances with banks 3,129.03 1,578.37 5,371.18
                        Total balance with banks 3,129.03 1,578.37 5,371.18
                     Cheques, drafts on hand 0 0 5,251.59
                     Cash on hand 0.06 0.06 0.06
                     Total cash and cash equivalents 3,129.09 1,578.43 10,622.83
                  Bank balance other than cash and cash equivalents 1,620.64 1,555.84 1,479
                  Total cash and bank balances 4,749.73 3,134.27 12,101.83
                  Total balances held with banks to extent held as
                  margin money or security against borrowings,
                  guarantees or other commitments
0 0 0
               Bank deposits with more than 12 months maturity 0 0 0
         Total other current financial assets
(A)   7,404.09(B)   5,066.28(C)   1,199.43
            Total other current assets 7,081.85 1,793.93 2,168.83
            Total other non-current financial liabilities 147.85 240.38 9.78
            Interest accrued on borrowings 0 0 0
            Interest accrued on public deposits 0 0 0
            Interest accrued others 0 0 0
            Unpaid dividends 0 0 0
            Unpaid matured deposits and interest accrued thereon 0 0 0
            Unpaid matured debentures and interest accrued thereon 0 0 0
            Debentures claimed but not paid 0 0 0
            Public deposit payable, current 0 0 0
            Total other current financial liabilities
(D)   1,019.62(E)   1,025.59(F)   2,928.48
               Current liabilities portion of share application money pending
               allotment
0 0 0
            Total other current liabilities 10,935.53 5,840.76 6,051.58

245. 245
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Footnotes
(A)*Movement in contract assets during the year Balance at the beginning of the year 223.74 Revenue recognised during the year
775.66 Invoices raised during the year (223.74) Balance at the end of the year 775.66
(B)*Movement in contract assets during the year Balance at the beginning of the year 327.33 Revenue recognised during the year
223.74 Invoices raised during the year (327.33) Balance at the end of the year 223.74
(C)*Movement in contract assets during the year Balance at the beginning of the year 89.17 Revenue recognised during the year
327.33 Invoices raised during the year (89.17) Balance at the end of the year 327.33
(D)Lease liabilities 91.57 Other financial liabilities 928.05
(E)Lease liabilities 75.33 Other financial liabilities 950.26
(F)Other financial liabilities 2,928.48
[401200] Notes - Additional disclosures on balance sheet
Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
01/04/2018
to
31/03/2019
Disclosure of additional balance sheet notes explanatory [TextBlock]
   Additional balance sheet notes [Abstract]
      Contingent liabilities and commitments [Abstract]
         Classification of contingent liabilities [Abstract]
            Total contingent liabilities 0 0 0
         Total contingent liabilities and commitments 0 0 0
      Details regarding dividends [Abstract]
         Amount of dividends proposed to be distributed to equity shareholders 0 0 0
         Amount of per share dividend proposed to be distributed to equity
         shareholders
[INR/shares] 0[INR/shares] 0[INR/shares] 0
      Details of deposits [Abstract]
         Deposits accepted or renewed during period 0 0 0
         Deposits matured and claimed but not paid during period 0 0 0
         Deposits matured and claimed but not paid 0 0 0
         Deposits matured but not claimed 0 0 0
         Interest on deposits accrued and due but not paid 0 0 0
      Details of share application money received and paid [Abstract]
         Share application money received during year 0 0 0
         Share application money paid during year 0 0 0
         Amount of share application money received back during year 0 0 0
         Amount of share application money repaid returned back during year 0 0 0
         Number of person share application money paid during year [pure] 0 [pure] 0 [pure] 0
         Number of person share application money received during year [pure] 0 [pure] 0 [pure] 0
         Number of person share application money paid as at end of year [pure] 0 [pure] 0 [pure] 0
         Number of person share application money received as at end of year [pure] 0 [pure] 0 [pure] 0
         Share application money received and due for refund 0 0 0
      Details regarding cost records and cost audit[Abstract]
         Details regarding cost records [Abstract]
            Whether maintenance of cost records by company has been
            mandated under Companies (Cost Records and Audit) Rules,
            2014
No No
         Net worth of company 0 0 0
      Details of unclaimed liabilities [Abstract]
         Unclaimed share application refund money 0 0 0
         Unclaimed matured debentures 0 0 0
         Unclaimed matured deposits 0 0 0
         Interest unclaimed amount 0 0 0
      Financial parameters balance sheet items [Abstract]
         Investment in subsidiary companies 0 0 0
         Investment in government companies 0 0 0
         Amount due for transfer to investor education and protection fund
         (IEPF)
0 0 0
         Gross value of transactions with related parties 0 0 0
         Number of warrants converted into equity shares during period [pure] 0 [pure] 0 [pure] 0
         Number of warrants converted into preference shares during period [pure] 0 [pure] 0 [pure] 0
         Number of warrants converted into debentures during period [pure] 0 [pure] 0 [pure] 0
         Number of warrants issued during period (in foreign currency) [pure] 0 [pure] 0 [pure] 0
         Number of warrants issued during period (INR) [pure] 0 [pure] 0 [pure] 0

246. 246
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
[611800] Notes - Revenue
Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2020
to
31/03/2021
Disclosure of revenue [TextBlock]
Textual information (51)
[See below]
   Description of accounting policy for recognition of revenue [TextBlock]
Textual information (52)
[See below]
Textual information (51)
Disclosure of revenue [Text Block]
Revenue is measured based on the consideration specified in a contract with a customer net of variable consideration e.g. discounts, volume
rebate, any payment made to a customer (unless the payment is for a distinct good or services received from the customer) and excludes
amount collected on behalf of third parties. The Company recognises revenue when it transfers control over a product or service to a
customer. The amount of revenue recognised at an amount that reflects the consideration to which the Company expect to be entitled to in
exchange for the goods/services. Revenue is only recognized to the extent that is highly probable that a significant reversal will not occur. In
a sales transaction, where the Company acts as an agent, only the commission income or margin earned is included within the revenue. On
the other hand, in a sales transaction, where the Company acts as a principal, accordingly the consideration for the services/products sold is
recognized on gross basis with corresponding cost of goods sold being recorded as an expense. Revenue on sale of gift cards is recognized
only to the extent the Company’s performance obligation is met, which is on redemption/utilization.
Processing fees
On utilization/redemption of prepaid payment instruments, the Company receives commission which is recognised when services are
complete as per the agreed terms.
Service fee from merchants
The Company earns processing fee from merchants and recognises such revenue when services have been provided. Such service fee is
generally determined as a percentage of transaction value executed by the merchants.
Revenue from other services including registration/renewal, convenience fees is recognized when such services are completed / performed as
per the agreed terms.
Interest income
Interest income is recognised using the Effective Interest Rate (‘EIR’) method. The EIR is the rate that exactly discounts the estimated future
cash receipts through the expected life of the financial instrument or a shorter period, where appropriate to the gross carrying amount of the
financial assets or to the amortized cost of a financial liability but does not consider the expected credit loss. The EIR is computed basis the
expected cash flows by considering all the contractual terms of the financial instrument. The calculation includes all fees, transaction costs,
and all other premiums or discounts paid or received between parties to the contract that are an integral part of the effective interest rate.

247. 247
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Textual information (52)
Description of accounting policy for recognition of revenue [Text Block]
Revenue is measured based on the consideration specified in a contract with a customer net of variable consideration e.g. discounts, volume
rebate, any payment made to a customer (unless the payment is for a distinct good or services received from the customer) and excludes
amount collected on behalf of third parties. The Company recognises revenue when it transfers control over a product or service to a
customer. The amount of revenue recognised at an amount that reflects the consideration to which the Company expect to be entitled to in
exchange for the goods/services. Revenue is only recognized to the extent that is highly probable that a significant reversal will not occur. In
a sales transaction, where the Company acts as an agent, only the commission income or margin earned is included within the revenue. On
the other hand, in a sales transaction, where the Company acts as a principal, accordingly the consideration for the services/products sold is
recognized on gross basis with corresponding cost of goods sold being recorded as an expense. Revenue on sale of gift cards is recognized
only to the extent the Company’s performance obligation is met, which is on redemption/utilization.
Processing fees
On utilization/redemption of prepaid payment instruments, the Company receives commission which is recognised when services are
complete as per the agreed terms.
Service fee from merchants
The Company earns processing fee from merchants and recognises such revenue when services have been provided. Such service fee is
generally determined as a percentage of transaction value executed by the merchants.
Revenue from other services including registration/renewal, convenience fees is recognized when such services are completed / performed as
per the agreed terms.
Interest income
Interest income is recognised using the Effective Interest Rate (‘EIR’) method. The EIR is the rate that exactly discounts the estimated future
cash receipts through the expected life of the financial instrument or a shorter period, where appropriate to the gross carrying amount of the
financial assets or to the amortized cost of a financial liability but does not consider the expected credit loss. The EIR is computed basis the
expected cash flows by considering all the contractual terms of the financial instrument. The calculation includes all fees, transaction costs,
and all other premiums or discounts paid or received between parties to the contract that are an integral part of the effective interest rate.
[612400] Notes - Service concession arrangements
Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
Disclosure of service concession arrangements [TextBlock]
   Whether there are any service concession arrangments No No
[612000] Notes - Construction contracts
Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
Disclosure of notes on construction contracts [TextBlock]
   Whether there are any construction contracts No No

248. 248
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
[612600] Notes - Employee benefits
Disclosure of net defined benefit liability (assets) [Table] ..(1)
Unless otherwise specified, all monetary values are in Lakhs of INR
Defined benefit plans [Axis] Domestic defined benefit plans [Member]
Net defined benefit liability (assets) [Axis] Net defined benefit liability (assets) [Member]
Present value of
defined benefit
obligation
[Member]
Defined benefit plans categories [Axis] 1 1
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
31/03/2019
01/04/2020
to
31/03/2021
   Disclosure of defined benefit plans [TextBlock]
      Disclosure of net defined benefit liability (assets)
      [TextBlock]
         Disclosure of net defined benefit liability
         (assets) [Abstract]
            Disclosure of net defined benefit liability
            (assets) [Line items]
               Description of type of plan Refer to child memberRefer to child member
Textual information
(53) [See below]
               Changes in net defined benefit liability
               (assets) [Abstract]
                  Current service cost, net defined
                  benefit liability (assets)
-14.66 -16.07 -14.66
                  Interest expense (income), net defined
                  benefit liability (assets)
-9.45 -9.14 -9.45
                  Gain (loss) on remeasurement, net
                  defined benefit liability (assets)
                  [Abstract]
                     Return on plan assets, net defined
                     benefit liability (assets)
-7.36 -7.62 0
                     Actuarial losses (gains) arising from
                     changes in financial assumptions, net
                     defined benefit liability (assets)
-0.92 2.02 -1.07
                     Total loss (gain) on
                     remeasurement, net defined
                     benefit liability (assets)
-8.28 -5.6 -1.07
                  Contributions to plan, net defined
                  benefit liability (assets) [Abstract]
                     Contributions to plan by employer,
                     net defined benefit liability
                     (assets)
0 0 0
                     Total contributions to plan, net
                     defined benefit liability (assets)
0 0 0
                  Payments from plan, net defined benefit
                  liability (assets)
0.99 0 -22.34
                  Total increase (decrease) in net
                  defined benefit liability (assets)
-16.82 -19.61 -0.7
               Net defined benefit liability (assets) at
               end of period
-46.62 -29.8 -10.19 -137.29

249. 249
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Disclosure of net defined benefit liability (assets) [Table] ..(2)
Unless otherwise specified, all monetary values are in Lakhs of INR
Defined benefit plans [Axis] Domestic defined benefit plans [Member]
Net defined benefit liability (assets) [Axis]
Present value of defined benefit
obligation [Member]
Plan assets [Member]
Defined benefit plans categories [Axis] 1 1
01/04/2019
to
31/03/2020
31/03/2019
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
   Disclosure of defined benefit plans [TextBlock]
      Disclosure of net defined benefit liability (assets)
      [TextBlock]
         Disclosure of net defined benefit liability
         (assets) [Abstract]
            Disclosure of net defined benefit liability
            (assets) [Line items]
               Description of type of plan
Textual information (54) [See
below]
Textual information
(55) [See below]
Textual information
(56) [See below]
               Changes in net defined benefit liability
               (assets) [Abstract]
                  Current service cost, net defined
                  benefit liability (assets)
-16.07 0 0
                  Interest expense (income), net defined
                  benefit liability (assets)
-9.14 0 0
                  Gain (loss) on remeasurement, net
                  defined benefit liability (assets)
                  [Abstract]
                     Return on plan assets, net defined
                     benefit liability (assets)
0 7.36 7.62
                     Actuarial losses (gains) arising from
                     changes in financial assumptions, net
                     defined benefit liability (assets)
1.78 -0.15 -0.24
                     Total loss (gain) on
                     remeasurement, net defined
                     benefit liability (assets)
1.78 7.21 7.38
                  Contributions to plan, net defined
                  benefit liability (assets) [Abstract]
                     Contributions to plan by employer,
                     net defined benefit liability
                     (assets)
0 0 0
                     Total contributions to plan, net
                     defined benefit liability (assets)
0 0 0
                  Payments from plan, net defined benefit
                  liability (assets)
-9.69 -23.33 -9.69
                  Total increase (decrease) in net
                  defined benefit liability (assets)
-17.3 16.12 2.31
               Net defined benefit liability (assets) at
               end of period
-136.59-119.29 -90.67 -106.79
Disclosure of net defined benefit liability (assets) [Table] ..(3)
Unless otherwise specified, all monetary values are in Lakhs of INR
Defined benefit plans [Axis]
Domestic defined
benefit plans
[Member]
Net defined benefit liability (assets) [Axis]
Plan assets
[Member]
Defined benefit plans categories [Axis] 1
31/03/2019
   Disclosure of defined benefit plans [TextBlock]
      Disclosure of net defined benefit liability (assets) [TextBlock]
         Disclosure of net defined benefit liability (assets) [Abstract]
            Disclosure of net defined benefit liability (assets) [Line items]
               Net defined benefit liability (assets) at end of period -109.1

250. 250
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Disclosure of defined benefit plans [Table] ..(1)
Unless otherwise specified, all monetary values are in Lakhs of INR
Defined benefit plans [Axis]
Domestic defined benefit plans
[Member]
Defined benefit plans categories [Axis] 1
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
   Disclosure of defined benefit plans [TextBlock]
      Disclosure of defined benefit plans [Abstract]
         Disclosure of defined benefit plans [Line items]
            Description of type of plan
Textual information
(57) [See below]
Textual information
(58) [See below]
            Surplus (deficit) in plan [Abstract]
               Defined benefit obligation, at present value 137.29 136.59
               Plan assets, at fair value 91.67 106.79
               Net surplus (deficit) in plan -45.62 -29.8
            Actuarial assumption of discount rates 6.92% 6.92%
            Actuarial assumption of expected rates of salary increases 6.00% 6.00%
Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
Disclosure of employee benefits [TextBlock]
Textual information (59)
[See below]
   Disclosure of defined benefit plans [TextBlock]
      Whether there are any defined benefit plans Yes Yes
      Disclosure of net defined benefit liability (assets) [TextBlock]
Textual information (53)
Description of type of plan
The company has a defined benefit gratuity plan. Every employee who has completed five years or more of service is entitled to Gratuity on
terms not less favourable than the provisions of the Payment of Gratuity Act, 1972. The scheme is funded with "The Employees’ Gratuity
Fund Scheme" managed by LIC of India. The most recent actuarial valuation of plan assets and the present value of the defined benefit
obligation for gratuity were carried out as at 31 March 2019. The present value of the defined benefit obligations and the related current
service cost and past service cost, were measured using the Projected Unit Credit Method. Based on the actuarial valuation obtained in this
respect, the following table sets out the status of the gratuity plan and the amounts recognised in the Company’s financial statements as at
balance sheet date:
Textual information (54)
Description of type of plan
The company has a defined benefit gratuity plan. Every employee who has completed five years or more of service is entitled to Gratuity on
terms not less favourable than the provisions of the Payment of Gratuity Act, 1972. The scheme is funded with "The Employees’ Gratuity
Fund Scheme" managed by LIC of India. The most recent actuarial valuation of plan assets and the present value of the defined benefit
obligation for gratuity were carried out as at 31 March 2019. The present value of the defined benefit obligations and the related current
service cost and past service cost, were measured using the Projected Unit Credit Method. Based on the actuarial valuation obtained in this
respect, the following table sets out the status of the gratuity plan and the amounts recognised in the Company’s financial statements as at
balance sheet date:
Textual information (55)
Description of type of plan
The company has a defined benefit gratuity plan. Every employee who has completed five years or more of service is entitled to Gratuity on
terms not less favourable than the provisions of the Payment of Gratuity Act, 1972. The scheme is funded with "The Employees’ Gratuity
Fund Scheme" managed by LIC of India. The most recent actuarial valuation of plan assets and the present value of the defined benefit
obligation for gratuity were carried out as at 31 March 2019. The present value of the defined benefit obligations and the related current
service cost and past service cost, were measured using the Projected Unit Credit Method. Based on the actuarial valuation obtained in this
respect, the following table sets out the status of the gratuity plan and the amounts recognised in the Company’s financial statements as at
balance sheet date:

251. 251
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Textual information (56)
Description of type of plan
The company has a defined benefit gratuity plan. Every employee who has completed five years or more of service is entitled to Gratuity on
terms not less favourable than the provisions of the Payment of Gratuity Act, 1972. The scheme is funded with "The Employees’ Gratuity
Fund Scheme" managed by LIC of India. The most recent actuarial valuation of plan assets and the present value of the defined benefit
obligation for gratuity were carried out as at 31 March 2019. The present value of the defined benefit obligations and the related current
service cost and past service cost, were measured using the Projected Unit Credit Method. Based on the actuarial valuation obtained in this
respect, the following table sets out the status of the gratuity plan and the amounts recognised in the Company’s financial statements as at
balance sheet date:
Textual information (57)
Description of type of plan
Defined contribution plan: The Company's contribution to provident and other funds amounts to INR 26.80 lakhs (March 31, 2020: INR
52.63 lakhs). The obligation of the Company is limited to the amount contributed and it has no further contractual and / or constructive
obligation. Post employment benefit obligation: The Company has a defined benefit gratuity plan. Every employee who has completed five
years or more of service is entitled to Gratuity on terms not less favourable than the provisions of the Payment of Gratuity Act, 1972. The
scheme is funded with "New Group Gratuity Cash Accumulation Plan" managed by Life Insurance Corporation of India. The most recent
actuarial valuation of plan assets and the present value of the defined benefit obligation for gratuity were carried out as at 31 March 2021.
The present value of the defined benefit obligations and the related current service cost and past service cost, were measured using the
Projected Unit Credit Method.
Textual information (58)
Description of type of plan
Defined contribution plan: The Company's contribution to provident and other funds amounts to INR 26.80 lakhs (March 31, 2020: INR
52.63 lakhs). The obligation of the Company is limited to the amount contributed and it has no further contractual and / or constructive
obligation. Post employment benefit obligation: The Company has a defined benefit gratuity plan. Every employee who has completed five
years or more of service is entitled to Gratuity on terms not less favourable than the provisions of the Payment of Gratuity Act, 1972. The
scheme is funded with "New Group Gratuity Cash Accumulation Plan" managed by Life Insurance Corporation of India. The most recent
actuarial valuation of plan assets and the present value of the defined benefit obligation for gratuity were carried out as at 31 March 2021.
The present value of the defined benefit obligations and the related current service cost and past service cost, were measured using the
Projected Unit Credit Method.

252. 252
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Textual information (59)
Disclosure of employee benefits [Text Block]
43
Employee benefits
       
       
The Company contributes to the following post employment benefit plans in India
       
       
Defined contribution plan:
       
The Company's contribution to provident and other funds amounts to INR 26.80 lakhs (March 31,
2020: INR 52.63 lakhs). The obligation of the Company is limited to the amount contributed and it
has no further contractual and / or constructive obligation.
       
Post employment benefit obligation:
       
The Company has a defined benefit gratuity plan. Every employee who has completed five years or
more of service is entitled to Gratuity on terms not less favourable than the provisions of the
Payment of Gratuity Act, 1972. The scheme is funded with "New Group Gratuity Cash
Accumulation Plan" managed by Life Insurance Corporation of India.
       
The most recent actuarial valuation of plan assets and the present value of the defined benefit
obligation for gratuity were carried out as at 31 March 2021. The present value of the defined
benefit obligations and the related current service cost and past service cost, were measured using
the Projected Unit Credit Method.
       
The amount recognised in the balance sheet and the movement in the net defined obligation over
the year are as follows :
       
March
31, 2021
March
31,
2020
April 01,
2019
 
(i)Net defined benefit asset/ (liability)
 
Defined benefit obligation 137.29136.59119.29
 
Fair value of plan assets 91.67106.79109.10
 
Plan liability 45.6229.8010.19
 
 
Fair value of planned (liability) /assets
 
Non-Current 42.4926.65
 
Current 3.13 3.15
 
 
 
March
31, 2021
March
31,
2020
 
(ii)Net defined benefit expenses (recognised in statement of profit and loss)
 
Current service cost 14.6616.07
 
Net interest cost on defined benefit obligations 2.06 0.78
 
Net benefit expenses 16.7216.85
 

253. 253
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
 
(iii)Remeasurement (gains) /loss recognised in other comprehensive income (OCI)
March
31, 2021
March
31,
2020
 
 
Actuarial (gain) /loss for the year on present defined benefit obligation (1.08)1.78
 
Actuarial loss for the year on asset 0.18 0.98
 
Actuarial (gain)/loss recognised in OCI (0.90)2.76
 
 
 
(iv)(a) Changes in present value of the defined benefit obligation as follows:
       
 
Particulars
March
31, 2021
March
31,
2020
 
Opening defined benefit obligation 136.59119.29
 
Interest cost on the defined benefit obligation 9.45 9.14
 
Current service cost 14.6616.07
 
Actuarial (gain)/loss on obligation (1.07)1.78
 
Benefits paid (22.33)(9.69)
 
Closing defined benefit obligation 137.29136.59
 
 
(b) Changes in the fair value of plan assets are as follows:
 
 
Particulars
March
31, 2021
March
31,
2020
 
Fair value of plan assets at beginning of the year 106.79109.10
 
Return on plan assets 7.36 7.62
 
FMC charges (0.15)(0.25)
 
Benefits paid (23.33)(9.69)
 
Fair value of plan asset at end of the year 90.67106.79
 
 
(c) Net defined benefit asset /(liability)
       
 
Particulars
March
31, 2021
March
31,
2020
April 01,
2019
 
Present value of defined benefit obligation 137.29136.59119.29
 
Fair value of plan asset 90.67106.79109.1
 
Unfunded liability / provision in Balance sheet 46.6229.8010.19
 
 

254. 254
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
(e) Investment Details:
 
Funds managed by insurer (investment with insurer) 100% 100%
 
 
 
(f) Actuarial assumptions used in determining gratuity obligation for the Company's plan are shown
below:
       
 
 
Particulars
March
31, 2021
March
31,
2020
April 01,
2019
 
Discount rate 6.92%6.92%6.92%
 
Salary escalation rate 6.00%6.00%6.00%
 
 
The estimates of rate of escalation in salary considered in actuarial valuation, take into account
inflation, seniority, promotion and other relevant factors including supply and demand in the
employment market. The above information is certified by the actuary.
       
The expected rate of return on plan assets is determined considering several applicable factors,
mainly the composition of plan assets held, assessed risks, historical results of the return on plan
assets and the Company’s policy for plan asset management.
       
The expected contributions for defined benefit plan for the next financial year will be in line with
FY 2020-21
       
       
(g) Maturity profile of defined benefit obligations
       
Year
March
31, 2021
March
31,
2020
   
0 to 1 Year 3.14 31.5
   
1 to 2 Year 4.79 2.85
   
2 to 3 Year 2.87 4.35
   
3 to 4 Year 5.06 2.83
   
4 to 5 Year 2.77 4.75
   
5 to 6 Year 3.49 2.74
   
6 Year onwards 115.18115.93
   
   
(h) Sensitivity analysis:
   
Significant actuarial assumptions for the determination of the defined benefit obligation are
discount rate, expected salary increase and employee turnover. The sensitivity analysis below, have
been determined based on reasonably possible changes of the assumptions occurring at end of the
reporting period, while holding all other assumptions constant. The result of sensitivity analysis is
given below:
       
     
Particulars
March
31, 2021
  March
31, 2020
 
Increase DecreaseIncreaseDecrease

255. 255
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Change in discounting rate (delta effect of +/- 0.5%) (7.59)8.19(7.68)8.30
Change in rate of salary increase (delta effect of +/- 0.5%) 8.22 (7.69)7.54 (7.07)
[612800] Notes - Borrowing costs
Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
Disclosure of borrowing costs [TextBlock]
   Whether any borrowing costs has been capitalised during the year No No
[700100] Notes - Key managerial personnels and directors remuneration and other information
Disclosure of key managerial personnels and directors and remuneration to key managerial personnels and directors [Table]..(1)
Unless otherwise specified, all monetary values are in Lakhs of INR
Key managerial personnels and directors [Axis] 1 2 3 4
01/04/2020
to
31/03/2021
01/04/2020
to
31/03/2021
01/04/2020
to
31/03/2021
01/04/2020
to
31/03/2021
Disclosure of key managerial personnels and directors and
remuneration to key managerial personnels and directors
explanatory [TextBlock]
   Disclosure of key managerial personnels and directors and
   remuneration to key managerial personnels and directors
   [Abstract]
      Disclosure of key managerial personnels and directors
      and remuneration to key managerial personnels and
      directors [LineItems]
         Name of key managerial personnel or director
Guruprasad
Tiruvanamalai
Chandrashekaran
Vikas Verma Sumit Khadria Robin Raina
         Director identification number of key managerial
         personnel or director
03413982 03511116 07945188 00475045
         Permanent account number of key managerial
         personnel or director
ABTPG3465H ACOPV4583F AINPK1000B BDKPR3143K
         Date of birth of key managerial personnel or
         director
09/03/1974 17/07/1979 24/06/1980 31/07/1966
         Designation of key managerial personnel or director Director Director Director Director
         Shares held by key managerial personnel or director [shares] 0 [shares] 0 [shares] 0 [shares] 0
         Key managerial personnel or director remuneration
         [Abstract]
            Gross salary to key managerial personnel or
            director [Abstract]
               Salary key managerial personnel or director 0 0 0 0
               Perquisites key managerial personnel or
               director
0 0 0 0
               Profits in lieu of salary key managerial
               personnel or director
0 0 0 0
               Gross salary to key managerial personnel or
               director
0 0 0 0
            Sitting fees key managerial personnel or
            director
0 0 0 0
            Stock option key managerial personnel or
            director
0 0 0 0
            Sweat equity key managerial personnel or
            director
0 0 0 0
            Commission as percentage of profit key
            managerial personnel or director
0 0 0 0
            Other commission key managerial personnel or
            director
0 0 0 0
            Other compensation key managerial personnel or
            director
0 0 0 0
            Total key managerial personnel or director
            remuneration
0 0 0 0

256. 256
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Disclosure of key managerial personnels and directors and remuneration to key managerial personnels and directors [Table]..(2)
Unless otherwise specified, all monetary values are in Lakhs of INR
Key managerial personnels and directors [Axis] 5 6
01/04/2020
to
31/03/2021
01/04/2020
to
31/03/2021
Disclosure of key managerial personnels and directors and remuneration to key managerial
personnels and directors explanatory [TextBlock]
   Disclosure of key managerial personnels and directors and remuneration to key
   managerial personnels and directors [Abstract]
      Disclosure of key managerial personnels and directors and remuneration to key
      managerial personnels and directors [LineItems]
         Name of key managerial personnel or director Satya Bushan KotruRAHUL CHOPRA
         Director identification number of key managerial personnel or director 01729176
         Permanent account number of key managerial personnel or director ALDPK4337N AWPPC2631L
         Date of birth of key managerial personnel or director 15/03/1969
         Designation of key managerial personnel or director Director Company Secretary
         Shares held by key managerial personnel or director [shares] 0 [shares] 0
         Key managerial personnel or director remuneration [Abstract]
            Gross salary to key managerial personnel or director [Abstract]
               Salary key managerial personnel or director 0 4.2
               Perquisites key managerial personnel or director 0 0
               Profits in lieu of salary key managerial personnel or director 0 0
               Gross salary to key managerial personnel or director 0 4.2
            Sitting fees key managerial personnel or director 0 0
            Stock option key managerial personnel or director 0 0
            Sweat equity key managerial personnel or director 0 0
            Commission as percentage of profit key managerial personnel or director 0 0
            Other commission key managerial personnel or director 0 0
            Other compensation key managerial personnel or director 0 0
            Total key managerial personnel or director remuneration 0 4.2
[612200] Notes - Leases
Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
Disclosure of leases [TextBlock]
Textual information (60)
[See below]
   Whether company has entered into any lease agreement No No
   Whether any operating lease has been converted to financial lease or
   vice-versa
No No

257. 257
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Textual information (60)
Disclosure of leases [Text Block]
The Company assesses whether a contract contain a lease, at inception of contract. A contract is, or contains, a lease if the contract conveys
the right to control the use of an identified asset for a period of time in exchange for consideration.
To assess whether a contract conveys the right to control the use of an identified asset, the Company assesses whether : (i) the contract
involves the use of an identified asset (ii) the Company has substantially all of the economic benefits from use of the asset through the period
of lease and (iii) the Company has the right to direct the use of the asset.
Company as a lessee
The Company accounts for each lease component within the contract as a lease separately from non-lease components of the contract and
allocates the consideration in the contract to each lease component on the basis of the relative stand-alone price of the lease component and
the aggregate stand-alone price of the non-lease components.
The Company recognises right-of-use asset representing its right to use the underlying asset for the lease term at the lease commencement
date. The cost of the right-of-use asset measured at inception shall comprise of the amount of the initial measurement of the lease liability
adjusted for any lease payments made at or before the commencement date less any lease incentives received, plus any initial direct costs
incurred and an estimate of costs to be incurred by the lessee in dismantling and removing the underlying asset or restoring the underlying
asset or site on which it is located. The right-of-use assets is subsequently measured at cost less any accumulated depreciation, accumulated
impairment losses, if any and adjusted for any remeasurement of the lease liability. The right-of-use assets is depreciated using the
straight-line method from the commencement date over the shorter of lease term or useful life of right-of-use asset. Right-of-use assets are
tested for impairment whenever there is any indication that their carrying amounts may not be recoverable. Impairment loss, if any, is
recognized in the statement of profit and loss. For the purpose of impairment testing, the recoverable amount (i.e. the higher of the fair value
less cost to sell and value in use) is determined on an individual asset basis, unless the asset does not generate cash flows that are largely
independent of those from other assets. In such cases the recoverable amount is determined for the cash generating units to which the asset
belong.
The Company measures the lease liability at the present value of the lease payments that are not paid at the commencement date of the lease.
The lease payments are discounted using the interest rate implicit in the lease, if that rate can be readily determined. If that rate cannot be
readily determined, the Company uses incremental borrowing rate in the country of domicile of these lease. For leases with reasonably
similar characteristics, the Company, on a lease by lease basis, may adopt either the incremental borrowing rate specific to the lease or the
incremental borrowing rate for the portfolio as a whole. The lease payments shall include fixed payments, variable lease payments, residual
value guarantees, exercise price of a purchase option where the Company is reasonably certain to exercise that option and payments of
penalties for terminating the lease, if the lease term reflects the lessee exercising an option to terminate the lease.
The lease liability is subsequently remeasured by increasing the carrying amount to reflect interest on the lease liability, reducing the carrying
amount to reflect the lease payments made and remeasuring the carrying amount to reflect any reassessment or lease modifications or to
reflect revised in-substance fixed lease payments. The company recognizes the amount of the re-measurement of lease liability due to
modification as an adjustment to the right-of-use asset and statement of profit and loss depending upon the nature of modification. Where the
carrying amount of the right-of-use asset is reduced to zero and there is a further reduction in the measurement of the lease liability, the
Company recognizes any remaining amount of the re-measurement in statement of profit and loss.
The Company has elected not to apply the requirements of Ind AS 116 Leases to short-term leases of all assets that have a lease term of 12
months or less and leases for which the underlying asset is of low value. The lease payments associated with these leases are recognized as an
expense on a straight-line basis over the lease term.
[612300] Notes - Transactions involving legal form of lease
Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
Disclosure of arrangements involving legal form of lease [TextBlock]
   Whether there are any arrangements involving legal form of lease No No

258. 258
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
[612900] Notes - Insurance contracts
Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
Disclosure of insurance contracts [TextBlock]
   Whether there are any insurance contracts as per Ind AS 104 No No
[613100] Notes - Effects of changes in foreign exchange rates
Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
Disclosure of effect of changes in foreign exchange rates [TextBlock]
   Whether there is any change in functional currency during the year No No
   Description of presentation currency INR
[500100] Notes - Subclassification and notes on income and expenses
Miscellaneous other operating revenues [Table] ..(1)
Unless otherwise specified, all monetary values are in Lakhs of INR
Miscellaneous other operating revenues [Axis] 1 2
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
Subclassification and notes on income and expense
explanatory [TextBlock]
   Disclosure of other operating revenues [Abstract]
      Other operating revenues [Abstract]
         Miscellaneous other operating revenues 90.66 387.14 139.31 268.08
         Miscellaneous other operating revenues [Abstract]
            Miscellaneous other operating revenues
            [LineItems]
               Description of miscellaneous other operating
               revenues
Registration and
renewal fees
Registration and
renewal fees
Sale of POS
machines
S a l e o f P O S
machines
               Miscellaneous other operating revenues 90.66 387.14 139.31 268.08
Miscellaneous other operating revenues [Table] ..(2)
Unless otherwise specified, all monetary values are in Lakhs of INR
Miscellaneous other operating revenues [Axis] 3
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
Subclassification and notes on income and expense explanatory [TextBlock]
   Disclosure of other operating revenues [Abstract]
      Other operating revenues [Abstract]
         Miscellaneous other operating revenues 185.22 225.9
         Miscellaneous other operating revenues [Abstract]
            Miscellaneous other operating revenues [LineItems]
               Description of miscellaneous other operating revenues Service incomeService income
               Miscellaneous other operating revenues 185.22 225.9

259. 259
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
Subclassification and notes on income and expense explanatory [TextBlock]
   Disclosure of revenue from operations [Abstract]
      Disclosure of revenue from operations for other than finance company
      [Abstract]
         Revenue from sale of products
(A)   3,07,260.45(B)   28,118.13
         Revenue from sale of services
(C)   8,347.86(D)   7,261.55
         Other operating revenues 415.19 881.12
         Other operating revenues 415.19 881.12
         Total revenue from operations other than finance company 3,16,023.5 36,260.8
      Total revenue from operations 3,16,023.5 36,260.8
   Disclosure of other operating revenues [Abstract]
      Other operating revenues [Abstract]
         Miscellaneous other operating revenues 415.19 881.12
         Total other operating revenues 415.19 881.12
         Total other operating revenues 415.19 881.12
         Miscellaneous other operating revenues [Abstract]
            Miscellaneous other operating revenues [LineItems]
               Description of miscellaneous other operating revenues
               Miscellaneous other operating revenues 415.19 881.12
   Disclosure of other income [Abstract]
      Interest income [Abstract]
         Total interest income 0 0
      Dividend income [Abstract]
         Total dividend income 0 0
      Other non-operating income [Abstract]
         Interest on income tax refund 83.75 0
         Excess provisions written back 0 28.87
         Liabilities written off
(E)   184.01 (F)   431.34
         Miscellaneous other non-operating income
(G)   296.64 (H)   245.03
         Total other non-operating income 564.4 705.24
      Total other income 564.4 705.24
   Disclosure of finance cost [Abstract]
      Interest expense [Abstract]
         Other interest charges
(I)   59.7 (J)   66.24
         Total interest expense 59.7 66.24
      Total finance costs 59.7 66.24
   Employee benefit expense [Abstract]
      Salaries and wages
(K)   499.15 (L)   1,138.87
      Managerial remuneration [Abstract]
         Remuneration to directors [Abstract]
            Total remuneration to directors 0 0
         Total managerial remuneration 0 0
      Contribution to provident and other funds [Abstract]
         Contribution to provident and other funds for others 26.8 52.63
         Total contribution to provident and other funds 26.8 52.63
      Gratuity
(M)   16.72 (N)   16.85
      Staff welfare expense 16.87 28.56
      Total employee benefit expense 559.54 1,236.91
   Depreciation, depletion and amortisation expense [Abstract]
      Depreciation expense
(O)   145.24 (P)   113.83
      Amortisation expense 229.19 234.75
      Total depreciation, depletion and amortisation expense 374.43 348.58
   Breakup of other expenses [Abstract]
      Consumption of stores and spare parts 0 0
      Power and fuel 0 0
      Rent 0 0
      Repairs to building 0 0
      Repairs to machinery 0 0
      Insurance 0 0
      Rates and taxes excluding taxes on income [Abstract]

260. 260
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
         Total rates and taxes excluding taxes on income 0 0
      Electricity expenses 7.91 16.94
      Printing stationery 18.55 26.34
      Information technology expenses
(Q)   446.13 (R)   569.52
      Travelling conveyance 55.77 265.89
      Legal professional charges 39.69 45.07
      Directors sitting fees 0 0
      Donations subscriptions 0
(S)   11.89
      Bank charges 63.27 82.09
      Advertising promotional expenses 0
(T)   27.46
      Loss on disposal of intangible Assets 0 0
      Loss on disposal, discard, demolishment and destruction of
      depreciable property plant and equipment
0 0
      Payments to auditor [Abstract]
         Payment for audit services 27 11.5
         Payment for taxation matters (U)   2 (V)   2
         Payment for reimbursement of expenses 0 0.39
         Total payments to auditor 29 13.89
      CSR expenditure 8.96 0
      Miscellaneous expenses
(W)   6,501.96(X)   6,269.38
      Total other expenses 7,171.24 7,328.47
Footnotes
(A)Sales - prepaid gift vouchers/cards
(B)Sales - prepaid gift vouchers/cards
(C)Processing/Convenience fees
(D)Processing/Convenience fees
(E)Liabilities no longer required written back
(F)Liabilities no longer required written back
(G)Interest income on Bank deposits 58.30 Inter corporate deposit to related parties (refer note 41) 157.57 Financial assets carried at
amortised cost 3.31 Miscellaneous income 77.46
(H)Interest income on Bank deposits 64.04 Inter corporate deposit to related parties (refer note 41) 158.27 Financial assets carried at
amortised cost 3.05 Miscellaneous income 19.67
(I)Interest on late deposit of statutory dues 0.39 Interest on loan from related parties (refer note 41) 35.77 Finance charges on lease
liabilities (refer note 44) 23.54
(J)Interest on late deposit of statutory dues5.18 Interest on loan from related parties (refer note 41) 31.23 Finance charges on lease
liabilities (refer note 44)29.83
(K)Salaries, wages and other benefits
(L)Salaries, wages and other benefits
(M)Gratuity expenses (refer note 43)
(N)Gratuity expenses (refer note 43)
(O)Depreciation on property, plant and equipment (refer note 3) 54.38 Depreciation of right-of-use assets (refer note 4) 90.86
(P)Depreciation on property, plant and equipment (refer note 3) 21.32 Depreciation of right-of-use assets (refer note 4) 92.51
(Q)Software maintenance charges 175.77 Payment network charges 130.74 Communication expenses 139.62
(R)Software maintenance charges 175.36 Payment network charges 228.58 Communication expenses 165.58
(S)Membership and subscription expenses
(T)Advertisement and publicity expenses 0.83 Business promotion expenses 26.63
(U)for Tax Audit
(V)for Tax Audit
(W)Commission- distribution network 5,950.78 Payment card printing and technology charges 355.90 Other operational charges
35.04 Short-term lease expense (refer note 44) 4.08 Rates and taxes 17.06 Repairs and maintenance- others 70.06 Bad debts and
advances written off 46.45 Miscellaneous expenses 22.58
(X)Commission- distribution network 5,412.30 Payment card printing and technology charges 506.09 Other operational charges
25.00 Short-term lease expense (refer note 44) 3.68 Rates and taxes 72.02 Repairs and maintenance- others 113.54 Bad debts and
advances written off 109.99 Provision for impairment of investment in subsidiary 5.00 Miscellaneous expenses 21.76

261. 261
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
[613200] Notes - Cash flow statement
Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
01/04/2018
to
31/03/2019
Disclosure of cash flow statement [TextBlock]
      Cash and cash equivalents cash flow statement
(A)   3,129.09
1,578.43 10,622.83
      Cash and cash equivalents 3,129.09 1,578.43 10,622.83
      Income taxes paid (refund), classified as operating activities -1,006.82 558.49
      Total income taxes paid (refund) -1,006.82 558.49 0
Footnotes
(A)Components of cash & cash equivalents Balances with banks: - In current accounts 3,129.03 Cash on hand 0.06 3,129.09
[500200] Notes - Additional information statement of profit and loss
Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
Additional information on profit and loss account explanatory [TextBlock]
         Changes in inventories of stock-in-trade
(A)   687.15 (B)   -336.38
         Total changes in inventories of finished goods, work-in-progress and
         stock-in-trade
687.15 -336.38
               Domestic sale traded goods 3,07,260.45 28,118.13
               Total domestic turnover goods, gross 3,07,260.45 28,118.13
            Total revenue from sale of products
(C)   3,07,260.45(D)   28,118.13
            Domestic revenue services 8,347.86 7,261.55
            Total revenue from sale of services
(E)   8,347.86(F)   7,261.55
      Gross value of transaction with related parties 0 0
      Bad debts of related parties 0 0
Footnotes
(A)Changes in inventory of traded goods Inventories at the end of the year25.85 Inventories at the beginning of the year713.00
Decrease/(increase) in inventories 687.15
(B)Changes in inventory of traded goods Inventories at the end of the year 713.00 Inventories at the beginning of the year376.62
Decrease/(increase) in inventories (336.38)
(C)Sales - prepaid gift vouchers/cards
(D)Sales - prepaid gift vouchers/cards
(E)Processing/Convenience fees
(F)Processing/Convenience fees
[611200] Notes - Fair value measurement
Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
Disclosure of fair value measurement [TextBlock]
   Disclosure of fair value measurement of assets [TextBlock]
      Whether assets have been measured at fair value No No
   Disclosure of fair value measurement of liabilities [TextBlock]
      Whether liabilities have been measured at fair value No No
   Disclosure of fair value measurement of equity [TextBlock]
      Whether equity have been measured at fair value No No

262. 262
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
[613300] Notes - Operating segments
Disclosure of major customers [Table] ..(1)
Unless otherwise specified, all monetary values are in Lakhs of INR
Major customers [Axis] 1 2
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
Disclosure of entity's operating segments [TextBlock]
            Revenue from external customers 33,265.68 3,215.72 35,604.18 6,597.63
            Revenue from external customers 33,265.68 3,215.72 35,604.18 6,597.63
   Disclosure of major customers [TextBlock]
      Disclosure of major customers [Abstract]
         Disclosure of major customers [Line items]
            Name of major customers
P r e p a y
Payment
Services Pvt
Ltd
Madison Incentives
Management Private
Limited
Epocket Online
Payments Private
Limited
Prepay Payment
Services Pvt Ltd
            Revenue from external customers 33,265.68 3,215.72 35,604.18 6,597.63
            Percentage of entity's revenue 0.00% 12.89% 0.00% 0.00%
Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
Disclosure of entity's operating segments [TextBlock]
   Disclosure of reportable segments [TextBlock]
Textual information (61)
[See below]
      Whether there are any reportable segments No No
   Disclosure of products and services [TextBlock]
   Disclosure of geographical areas [TextBlock]
   Disclosure of major customers [TextBlock]
      Whether there are any major customers Yes Yes
      Information about major customers
Textual information (62)
[See below]
Textual information (63)
[See below]

263. 263
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Textual information (61)
Disclosure of reportable segments [Text Block]
40Segment information:
 
The Management Information System of the Company identifies and monitors payment services business as
the business segment. The Company is managed organizationally as a single unit. In the opinion of the
management, the Company is predominantly engaged in the business of payment related services and
payment instruments. As the basic nature of these activities are governed by the same set of risks and returns,
these constitute and are grouped as a single segment. Accordingly, there is only one Reportable Segment for
the Company which is "Payment Services", hence no specific disclosures have been made.
 
This is also inline with the way the operational results are reviewed by the Chief operating decision makers.
 
 
Entity wide disclosures
 
A.
Information about
products and services
During the year, the
Company primarily
operated in a single
business segment,
therefore service wise
revenue disclosure is not
applicable.
B.
Information about
geographical areas
The major services of the
Company are proivided to
the customers who are
domiciled in India. Also,
all the assets of the
Company are located in
India.
Textual information (62)
Information about major customers
C. Information about major customers (from external customers) The Company derives revenues from the following customers which
amount to 10 per cent or more of a Company’s revenues: Customer March 31, 2021 March 31, 2020 Prepay Payment Services Pvt Ltd
33,265.68 6,597.63 Epocket Online Payments Private Limited 35,604.18 - Madison Incentives Managemennt Pvt. Ltd - 3,215.72
Textual information (63)
Information about major customers
C. Information about major customers (from external customers) The Company derives revenues from the following customers which
amount to 10 per cent or more of a Company’s revenues: Customer March 31, 2021 March 31, 2020 Prepay Payment Services Pvt Ltd
33,265.68 6,597.63 Epocket Online Payments Private Limited 35,604.18 - Madison Incentives Managemennt Pvt. Ltd - 3,215.72

264. 264
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
[610700] Notes - Business combinations
Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
Disclosure of business combinations [TextBlock]
   Whether there is any business combination No No
   Disclosure of reconciliation of changes in goodwill [TextBlock]
      Whether there is any goodwill arising out of business combination No No
   Disclosure of acquired receivables [TextBlock]
      Whether there are any acquired receivables from business combination No No
   Disclosure of contingent liabilities in business combination [TextBlock]
      Whether there are any contingent liabilities in business combination No No
[611500] Notes - Interests in other entities
Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
Disclosure of interests in other entities [TextBlock]
   Disclosure of interests in subsidiaries [TextBlock]
      Disclosure of subsidiaries [TextBlock]
         Whether company has subsidiary companies No No
         Whether company has subsidiary companies which are yet to commence
         operations
No No
         Whether company has subsidiary companies liquidated or sold during
         year
No No
   Disclosure of interests in associates [TextBlock]
      Disclosure of associates [TextBlock]
         Whether company has invested in associates No No
         Whether company has associates which are yet to commence operations No No
         Whether company has associates liquidated or sold during year No No
   Disclosure of interests in joint arrangements [TextBlock]
      Disclosure of joint ventures [TextBlock]
         Whether company has invested in joint ventures No No
         Whether company has joint ventures which are yet to commence
         operations
No No
         Whether company has joint ventures liquidated or sold during year No No
   Disclosure of interests in unconsolidated structured entities [TextBlock]
      Disclosure of unconsolidated structured entities [TextBlock]
         Whether there are unconsolidated structured entities No No
   Disclosure of investment entities [TextBlock]
      Disclosure of information about unconsolidated subsidiaries [TextBlock]
         Whether there are unconsolidated subsidiaries No No
      Disclosure of information about unconsolidated structured entities
      controlled by investment entity [TextBlock]
         Whether there are unconsolidated structured entities controlled by
         investment entity
No No

265. 265
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
[610800] Notes - Related party
Disclosure of transactions between related parties [Table] ..(1)
Unless otherwise specified, all monetary values are in Lakhs of INR
Categories of related parties [Axis] Parent [Member]
Subsidiaries
[Member]
Related party [Axis] 1 2 2
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
   Disclosure of transactions between related parties
   [TextBlock]
      Disclosure of transactions between related parties
      [Abstract]
         Disclosure of transactions between related
         parties [Line items]
            Name of related party
(A)      Ebixcash Private
Limited
Ebixcash Private LimitedEbix Inc. USA
Ebix Asia Pacific
FZE LLC
            Country of incorporation or residence of
            related party
INDIA INDIA
            CIN of related party U72900UP2002PTC072950U72900UP2002PTC072950
            Description of nature of transactions with
            related party
Intercorporate Deposit
Given- 5145; Interest
Income on Intercorporate
Deposit given- 27.82;
Interest cost on
inter-corporate deposits
taken - 24.78
Intercorporate Deposit
Given- 11,928.70; Interest
Income on Intercorporate
Deposit given- 8.80
Sale of gift cards -
161.37
Gift card load
given- 1,849.30
            Description of nature of related party
            relationship
Holding company Holding company
Ultimate Holding
Company
Fellow Subsidiary
            Related party transactions [Abstract]
               Other related party transactions
               contribution received
0 0 0 0
            Outstanding balances for related party
            transactions [Abstract]
               Amounts payable related party transactions 0 0 0 0
               Amounts receivable related party transactions 0 0 0 0
               Outstanding commitments made by entity,
               related party transactions
0 0 0 0
               Outstanding commitments made on behalf
               of entity, related party transactions
0 0 0 0
            Provisions for doubtful debts related to
            outstanding balances of related party
            transaction
0 0 0 0
            Expense recognised during period for bad
            and doubtful debts for related party
            transaction
0 0 0 0
Footnotes
(A)Former Name = Ebix Software India Private Limited

266. 266
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Disclosure of transactions between related parties [Table] ..(2)
Unless otherwise specified, all monetary values are in Lakhs of INR
Categories of related parties [Axis] Subsidiaries [Member]
Related party [Axis] 3 4
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
   Disclosure of transactions between
related parties
   [TextBlock]
      Disclosure of transactions
between related parties
      [Abstract]
         Disclosure of transactions
between related
         parties [Line items]
            Name of related party Ebix Travels Private Limited
Ebix Travels Private
Limited
Ebixcash World Money
Limited
Ebix Smartclass
Educational Services
Private Limited
            Country of incorporation or
residence of
            related party
INDIA INDIA INDIA INDIA
            CIN of related party U63040KA2007PTC041672U63040KA2007PTC041672U67190MH1999PLC119009U80903UP2014PTC134107
            Description of nature of
transactions with
            related party
Purchase of tickets using
portal of Ebix Travels Private
Limited- 4815.15; Sale of gift
cards - 19.18; Inter Corporate
Deposits repaid- 300;
Commission paid- 93.29
Textual information (64)
[See below]
Inter-corporate deposits
given - 630; Inter-corporate
deposits repaid - 630;
Interest income on
inter-corporate deposits
given - 9.49
Sale of gift cards- 64.31
            Description of nature of
related party
            relationship
Fellow Subsidiary Fellow Subsidiary Fellow Subsidiary Fellow Subsidiary
            Related party transactions
[Abstract]
               Other related party
transactions
               contribution received
0 0 0 0
            Outstanding balances for
related party
            transactions [Abstract]
               Amounts payable related
party transactions
0 0 0 0
               Amounts receivable related
party transactions
0 0 0 0
               Outstanding commitments
made by entity,
               related party transactions
0 0 0 0
               Outstanding commitments
made on behalf
               of entity, related party
transactions
0 0 0 0
            Provisions for doubtful debts
related to
            outstanding balances of
related party
            transaction
0 0 0 0
            Expense recognised during
period for bad
            and doubtful debts for related
party
            transaction
0 0 0 0

267. 267
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Disclosure of transactions between related parties [Table] ..(3)
Unless otherwise specified, all monetary values are in Lakhs of INR
Categories of related parties [Axis] Subsidiaries [Member]
Related party [Axis] 5 6
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
   Disclosure of transactions
between related parties
   [TextBlock]
      Disclosure of transactions
between related parties
      [Abstract]
         Disclosure of transactions
between related
         parties [Line items]
            Name of related party
Ebix Smartclass
Educational Services
Private Limited
Ebix Money Express Private
Limited
Ebix Money Express Private
Limited
Leisure Corp Private Limited
            Country of incorporation or
residence of
            related party
INDIA INDIA INDIA INDIA
            CIN of related party U80903UP2014PTC134107U65100MH2013PTC246789 U65100MH2013PTC246789U63040UP2001PTC134122
            Description of nature of
transactions with
            related party
Sale of gift cards - 8.04
Trade Advance converted into
Intercorporate Deposit- 900;
Intercorporate Deposits
Given- 39,350.43;
Intercorporate Deposits
repaid- 36,070.43; Interest
Income on Intercorporate
Deposit given- 134.04
Textual information (65)
[See below]
Sale of gift cards- 22.46;
Inter-corporate deposits
given- 200; Intercorporate
Deposit repaid- 200; Interest
Income on Intercorporate
Deposits given- 10.85
            Description of nature of
related party
            relationship
Fellow Subsidiary Fellow Subsidiary Fellow Subsidiary Fellow Subsidiary
            Related party transactions
[Abstract]
               Other related party
transactions
               contribution received
0 0 0 0
            Outstanding balances for
related party
            transactions [Abstract]
               Amounts payable related
party transactions
0 0 0 0
               Amounts receivable
related party transactions
0 0 0 0
               Outstanding commitments
made by entity,
               related party transactions
0 0 0 0
               Outstanding commitments
made on behalf
               of entity, related party
transactions
0 0 0 0
            Provisions for doubtful
debts related to
            outstanding balances of
related party
            transaction
0 0 0 0
            Expense recognised during
period for bad
            and doubtful debts for
related party
            transaction
0 0 0 0

268. 268
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Disclosure of transactions between related parties [Table] ..(4)
Unless otherwise specified, all monetary values are in Lakhs of INR
Categories of related parties [Axis] Subsidiaries [Member]
Key
management
personnel of
entity or parent
[Member]
Related party [Axis] 7 8 8
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
   Disclosure of transactions between related
parties
   [TextBlock]
      Disclosure of transactions between
related parties
      [Abstract]
         Disclosure of transactions between
related
         parties [Line items]
            Name of related party
Leisure Corp Private
Limited
Ebix Travel & Holidays Limited
(A)      Ebix Travel &
Holidays Limited
R a h u l
Nemichand
Chopra
            Country of incorporation or residence
of
            related party
INDIA INDIA INDIA
            Permanent account number of related
party
AWPPC2631L
            CIN of related party U63040UP2001PTC134122U63040WB1948PLC016503 U63040WB1948PLC016503
            Description of nature of transactions
with
            related party
Sale of gift cards - 23.72
Travelling expenses- 25.06;
Intercorporate Deposits Given-
80; Intercorporate Deposits
repaid- 80; Interest Income on
Intercorporate Deposits given-
0.08
Travelling expenses - 2.38
Remuneration-
5.24
            Description of nature of related party
            relationship
Fellow Subsidiary Fellow Subsidiary Fellow Subsidiary
C o m p a n y
Secretary
            Related party transactions [Abstract]
               Other related party transactions
               contribution received
0 0 0 0
            Outstanding balances for related
party
            transactions [Abstract]
               Amounts payable related party
transactions
0 0 0 0
               Amounts receivable related party
transactions
0 0 0 0
               Outstanding commitments made by
entity,
               related party transactions
0 0 0 0
               Outstanding commitments made on
behalf
               of entity, related party transactions
0 0 0 0
            Provisions for doubtful debts related
to
            outstanding balances of related party
            transaction
0 0 0 0
            Expense recognised during period for
bad
            and doubtful debts for related party
            transaction
0 0 0 0
Footnotes
(A)Former Name = Mercury Travels Limited

269. 269
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Disclosure of transactions between related parties [Table] ..(5)
Unless otherwise specified, all monetary values are in Lakhs of INR
Categories of related parties [Axis]
Key management
personnel of entity
or parent
[Member]
Related party [Axis] 9
01/04/2020
to
31/03/2021
   Disclosure of transactions between related parties [TextBlock]
      Disclosure of transactions between related parties [Abstract]
         Disclosure of transactions between related parties [Line items]
            Name of related party
Rahul Nemichand
Chopra
            Permanent account number of related party AWPPC2631L
            Description of nature of transactions with related party Remuneration- 4.20
            Description of nature of related party relationship Company Secretary
            Related party transactions [Abstract]
               Other related party transactions contribution received 0
            Outstanding balances for related party transactions [Abstract]
               Amounts payable related party transactions 0
               Amounts receivable related party transactions 0
               Outstanding commitments made by entity, related party transactions 0
               Outstanding commitments made on behalf of entity, related party transactions 0
            Provisions for doubtful debts related to outstanding balances of related party transaction 0
            Expense recognised during period for bad and doubtful debts for related party transaction 0
Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
Disclosure of related party [TextBlock]
Textual information (66)
[See below]
   Whether there are any related party transactions during year Yes Yes
   Disclosure of transactions between related parties [TextBlock]
   Whether entity applies exemption in Ind AS 24.25 No No
      Whether company is subsidiary company Yes Yes
      Section under which company is subsidiary Section 2(87)(ii) Section 2(87)(ii)
Textual information (64)
Description of nature of transactions with related party
Purchase of tickets using portal of Ebix Travels Private Limited- 9,543.33; Sale of gift cards- 11.82; Inter Corporate Deposit taken- 2,000;
Inter Corporate Deposit repaid- 2,000; Inter Corporate Deposit given- 300; Interest cost on Intercorporate Deposit taken- 31.23; Interest
Income on Intercorporate Deposit given- 4.5; Commission paid- 252.79
Textual information (65)
Description of nature of transactions with related party
Sale of gift cards - 1.90; Intercorporate Deposits Given- 49430; Intercorporate Deposits repaid - 51980; Interest Income on Inter-corporate
Deposits given- 120.25; Interest cost on inter-corporate deposits taken - 10.98

270. 270
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Textual information (66)
Disclosure of related party [Text Block]
41Related party
disclosures
   
I List of related parties
A. Name and nature of relationship with the related party where control exists:
Ebix Inc. USA - Ultimate Holding Company
Ebixcash Private Limited (Formerly Ebix Software India Private Limited)- Holding Company
ItzCash Payment Solutions Limited - Wholly Owned Subsidiary Company
B.
Fellow subsidiaries of Holding Company or Ultimate Holding Company with whom transactions took
place during current year or previous year
 
Ebix Travels Private Limited
Ebix Smartclass Educational Services Private Limited
Leisure Corp Private Limited
Ebix Money Express Private Limited
Ebix Travel & Holidays Limited (Formerly Mercury Travels Limited)
Ebixcash World Money Limited
Ebix Asia Pacific FZE LLC
C. Key Management Personnel (KMP)
Mr. Robin Raina Director
Mr. Vikas Verma Director
Mr. Satya Bushan Kotru Director
Mr. Sumit Khadria (w.e.f 16 August 2019) Director
Mr. Guruprasad Tiruvanamalai Chandrashekran (w.e.f 16 August 2019) Director
Mr. Rahul Nemichand Chopra
Company
Secretary
IITransactions with related parties are as follow:
   
Particulars March 31, 2021March 31, 2020
Ebixcash Private Limited (Formerly Ebix Software India Private Limited)
Inter-corporate deposits given 5,145.00 11,928.70
Interest income on inter-corporate deposits given 27.82 8.80
Interest cost on inter-corporate deposits taken 24.78 -
Ebix Asia Pacific FZE LLC

271. 271
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Sale of gift cards - 1,849.30
Ebix Inc. USA
Sale of gift cards 161.37 -
Ebix Travels Private Limited
Purchase of tickets using portal of Ebix Travels Private Limited 4,815.15 9,543.33
Sale of gift cards 19.18 11.82
Inter- corporate deposits taken - 2,000.00
Inter-corporate deposits repaid - 2,000.00
Inter-corporate deposits given - 300.00
Inter-corporate deposits repaid 300.00 -
Interest cost on inter-corporate deposits taken - 31.23
Interest income on inter-corporate deposits given - 4.50
Commission paid 93.29 252.79
Ebix Smartclass Educational Services Private Limited
Sale of gift cards 8.04 64.31
Ebix Money Express Private Limited
Sale of gift cards 1.90 -
Trade advances converted in to inter-corporate deposits - 900.00
Inter-corporate deposits given 49,430.00 38,450.43
Inter-corporate deposits repaid 51,980.00 36,070.43
Interest income on inter-corporate deposits given 120.25 134.04
Interest cost on inter-corporate deposits taken 10.98 -
Leisure Corp Private Limited
Sale of gift cards 23.72 22.46
Inter-corporate deposits given - 200.00
Inter-corporate deposits repaid - 200.00
Interest income on inter-corporate deposits given - 10.85
Ebix Travel & Holidays Limited (Formerly Mercury Travels Limited)
Travelling expenses 2.38 25.06
Inter-corporate deposits given - 80.00
Inter-corporate deposits repaid - 80.00
Interest income on inter-corporate deposits given - 0.08

272. 272
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
EbixCash World Money Limited
Inter-corporate deposits given 630.00 -
Inter-corporate deposits repaid 630.00 -
Interest income on inter-corporate deposits given 9.49 -
Remuneration
Mr. Rahul Nemichand Chopra 4.20 5.24
[611700] Notes - Other provisions, contingent liabilities and contingent assets
Disclosure of contingent liabilities [Table] ..(1)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of contingent liabilities [Axis] Tax contingent liability [Member]
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
      Disclosure of contingent liabilities [Abstract]
         Disclosure of contingent liabilities [Line items]
            Description of nature of obligation, contingent liabilities
(A)      Claim against
the Company not
acknowledged as
debts- service tax**
(B)      Claim against
the Company not
acknowledged as
debts- service tax**
            Estimated financial effect of contingent liabilities 1,068.18 1,068.18
Footnotes
(A)** These litigations relate to the period preceding the date of acquisition of the Company (refer note 47 for details) and
management believes that any demand thereon shall be reimbursed by the erstwhile owners of the Company.
(B)** These litigations relate to the period preceding the date of acquisition of the Company (refer note 47 for details) and
management believes that any demand thereon shall be reimbursed by the erstwhile owners of the Company.
Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
Disclosure of other provisions, contingent liabilities and contingent assets
[TextBlock]
Textual information (67)
[See below]
   Disclosure of other provisions [TextBlock]
Textual information (68)
[See below]
   Disclosure of contingent liabilities [TextBlock]
Textual information (69)
[See below]
      Whether there are any contingent liabilities Yes Yes
         Description of other contingent liabilities others
Textual information (70)
[See below]
Textual information (71)
[See below]

273. 273
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Textual information (67)
Disclosure of other provisions, contingent liabilities and contingent assets [Text Block]
Provisions are recognized when the Company has a present legal or constructive obligation as a result of past events, it is probable that an
outflow of resources will be required to settle the obligation and the amount can be reliably estimated. Provisions are not recognized for
future operating losses.
Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering
the class of obligations as a whole. A provision is recognized even if the likelihood of an outflow with respect to any one item included in the
same class of obligations may be small.
Provisions are measured at the present value of management’s best estimate of the expenditure required to settle the present obligation at the
end of the reporting period. The discount rate used to determine the present value is a pre-tax rate that reflects current market assessments of
the time value of money and the risks specific to the liability. The increase in the provision due to the passage of time is recognized as
finance cost.
Contingent liabilities are possible obligations that arise from past events and whose existence will only be confirmed by the occurrence or
non-occurrence of one or more future events not wholly within the control of the Company. Where it is not probable that an outflow of
economic benefits will be required, or the amount cannot be estimated reliably, the obligation is disclosed as a contingent liability, unless the
probability of outflow of economic benefits is remote. Contingent liabilities are disclosed on the basis of judgement of the
management/independent experts. These are reviewed at each balance sheet date and are adjusted to reflect the current management estimate.
Contingent assets are possible assets that arise from past events and whose existence will be confirmed only by the occurrence or
non-occurrence of one or more uncertain future events not wholly within the control of the Company. Contingent assets are disclosed in the
financial statements when inflow of economic benefits is probable on the basis of judgement of management. These are assessed continually
to ensure that developments are appropriately reflected in the financial statements.
Textual information (68)
Disclosure of other provisions [Text Block]
Provisions are recognized when the Company has a present legal or constructive obligation as a result of past events, it is probable that an
outflow of resources will be required to settle the obligation and the amount can be reliably estimated. Provisions are not recognized for
future operating losses.
Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering
the class of obligations as a whole. A provision is recognized even if the likelihood of an outflow with respect to any one item included in the
same class of obligations may be small.
Provisions are measured at the present value of management’s best estimate of the expenditure required to settle the present obligation at the
end of the reporting period. The discount rate used to determine the present value is a pre-tax rate that reflects current market assessments of
the time value of money and the risks specific to the liability. The increase in the provision due to the passage of time is recognized as
finance cost.
Textual information (69)
Disclosure of contingent liabilities [Text Block]
Contingent liabilities are possible obligations that arise from past events and whose existence will only be confirmed by the occurrence or
non-occurrence of one or more future events not wholly within the control of the Company. Where it is not probable that an outflow of
economic benefits will be required, or the amount cannot be estimated reliably, the obligation is disclosed as a contingent liability, unless the
probability of outflow of economic benefits is remote. Contingent liabilities are disclosed on the basis of judgement of the
management/independent experts. These are reviewed at each balance sheet date and are adjusted to reflect the current management estimate.

274. 274
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Textual information (70)
Description of other contingent liabilities others
Contingent liabilities Particulars March 31, 2021 March 31, 2020 Claim against the Company not acknowledged as debts- service tax**
1,068.18 1,068.18 ** These litigations relate to the period preceding the date of acquisition of the Company (refer note 47 for details) and
management believes that any demand thereon shall be reimbursed by the erstwhile owners of the Company.
Textual information (71)
Description of other contingent liabilities others
Contingent liabilities Particulars March 31, 2021 March 31, 2020 Claim against the Company not acknowledged as debts- service tax**
1,068.18 1,068.18 ** These litigations relate to the period preceding the date of acquisition of the Company (refer note 47 for details) and
management believes that any demand thereon shall be reimbursed by the erstwhile owners of the Company.
[700200] Notes - Corporate social responsibility
Disclosure of net profits for last three financial years [Table] ..(1)
Unless otherwise specified, all monetary values are in Lakhs of INR
Net profits for last three financial years [Axis]
Financial year 1
[Member]
Financial year 2
[Member]
Financial year 3
[Member]
01/04/2020
to
31/03/2021
01/04/2020
to
31/03/2021
01/04/2020
to
31/03/2021
Disclosure of corporate social responsibility explanatory [TextBlock]
   Disclosure of net profits for last three financial years [Abstract]
      Disclosure of net profits for last three financial years [LineItems]
         Description of financial year 2019-20 2018-19 2017-18
         Profit before tax of financial year -436.15 -81.37 1,861.93
         Net profit computed u/s 198 and adjusted as per rule 2(1)(f)
         of Companies (CSR Policy) Rules, 2014
-436.15 -81.37 1,861.93
Classification of CSR spending [Table] ..(1)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classification of CSR spending [Axis] 1
01/04/2020
to
31/03/2021
Disclosure of corporate social responsibility explanatory [TextBlock]
   Disclosure of CSR spending [Abstract]
      Details of CSR spent during financial year [Abstract]
         Manner in which amount CSR spent during financial year [Abstract]
            Manner in which amount CSR spent during financial year [Line items]
               CSR project or activity identified PM Cares Fund
               Sector in which project is covered
Other Central
Government Funds
               Name of state or union territory where projects or programs was undertaken All India
               Budget amount outlay project or program wise 8.96
               Amount spent on projects or programs [Abstract]
                  Direct expenditure on projects or programs 8.96
                  Total amount spent on projects or programs 8.96
               Mode of amount spent
Directly by
company

275. 275
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2020
to
31/03/2021
Disclosure of corporate social responsibility explanatory [TextBlock]
   Whether provisions of corporate social responsibility are applicable on
   company
Yes
      Whether company has written CSR policy Yes
      Details CSR policy [TextBlock]
Textual information (72)
[See below]
      Average net profit for last three financial years 448.14
      Prescribed CSR expenditure 8.96
         Amount CSR to be spent for financial year 8.96
         Amount CSR spent for financial year 8.96
         Amount spent in local area 0
         Amount unspent CSR 0

276. 276
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Textual information (72)
Details CSR policy [Text Block]
ANNEXURE – I
EBIX PAYMENT SERVICES PVT LTD
(FORMERLY KNOWN AS ITZ CASH CARD PVT LTD)
Corporate Social Responsibility Policy
BACKGROUND:
Corporate Social Responsibility ("CSR") is a concept whereby corporate entities integrate social and environmental concerns in their
business operations and in their interaction with their stakeholders on a voluntary basis. It is a very well known fact that a corporate entity
cannot exist in isolation. A business enterprise cannot be oblivious to societal and environmental development. The corporate entities are
empowered and possess great potential to significantly influence the surroundings in which it operates. The main purpose of an entity must
be beyond creating wealth i.e, towards attaining sustainable development and to create stakeholder value. CSR is the continuing commitment
by the Company to behave ethically and contribute to the economic development while improving the quality of life of the workforce and
their families as well as of the local community and the society at large.
OUR CSR VISION:
In this era of Globalisation, liberalization and advances in communication technology, there is an alarming increase in the awareness of the
CSR throughout the World. We firmly believe that if we want a better, safer, cleaner and healthy environment then we must take an
initiative, first step to begin our journey towards striking a balance between the societal needs, economic development and eco-friendly
environment through various CSR activities.
Every individual has inter alia the Right to Life, Right to live with dignity, Right to education, Right to clean and healthy environment which
are engraved in the Constitution of India. The responsibility is cast upon the Government to ensure that these Rights are protected and are not
exploited. We realize that this responsibility must be shared by each and every individual, especially by corporate entities to eradicate
hunger, poverty, upliftment of the downtrodden society, provide education and protect the environment. We will strive to emerge as one of
the best Corporate Citizens.
CSR MISSION STATEMENT
Create a meaningful and lasting impact on the communities in Mumbai, Maharashtra by helping them transcend barriers of socio-economic
development.
Promoting preventive healthcare, sanitation, making available safe drinking water and preventing malnutrition in the community.
To empower peoples in terms of education, co-operative financing, legal and social support to fight exploitation.
Construct houses for community living below poverty line in Slums & in Rural Areas.
Provide community support like free education, food, clothing, toys, medical care, picnics, and extra-curricular activities in addition to
quality education to the children’s of the weaker sections.
Develop the skills of the youth through high quality education and research in educational services and to seek sources employment.
Finding sustainable solutions for natural resources, reducing adverse impacts on environment, reducing environment-risky
pollutants/emissions as well as producing environment-friendly goods.
At the entrepreneurship development level, promotion of small entrepreneurs in the field of IT/Solar/Telecom etc in the rural areas.

277. 277
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Contribution to the Prime Minister's National Relief Fund or any other fund set up by the Central Government or the State Governments for
socioeconomic development and relief and funds for the welfare of the Scheduled Castes, the Scheduled Tribes, other backward classes,
minorities and women.
Contribution to any other Fund of any registered trust or a registered society or a company established by the company or its holding or
subsidiary or associate company under section 8 of the Act for the programs to be undertaken under CSR activities.
Social business projects as may be prescribed.
CSR OBJECTIVES
The Company will undertake social projects in designated communities, in a focused manner, for maximum positive impact
In consultation with the local community, the Company will design and effectively implement projects in areas such as healthcare,
community development, education and skills development
Make quality healthcare accessible and affordable for the underprivileged either directly or through designated intermediary vehicle.
Develop and implement the education, water and sanitation, infrastructure development and elderly care projects for sustainable
socio-economic development in the designated communities.
Develop the skills of the youth by setting up educational institutions, improving infrastructure of the existing institutes, providing schools for
students and promoting research in the educational services sector.
Promote Solar awareness programs through various promotional, developmental and livelihood initiatives.
To contribute towards the creation of an enterprise culture in our society.
Validity of CSR Policy
The Board may amend the CSR policy as may be required from time to time.
CSR Programme Areas
The Company will focus primarily on the following programmes:
Community Development
The Company aims to create a meaningful and lasting impact on the communities proximate under-served areas by helping them transcend
the barriers of socio-economic development.
A Model of Integrated Service will be established to improve the life of communities living in slum areas:
Sanitation and hygiene
Preventing malnutrition in designated communities
Promotion of healthy lifestyles
Access to drinking Water, clean environment.
Developing infrastructure facilities like homes.

278. 278
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Elderly care
Education to children and women
The programme will bridge the gap by uniting the Governmental Efforts with the Industry and Peoples Participation.
Healthcare
The Company intends to touch the lives of the people by reaching out to people from every walk of life to help them stay healthy and
educated. The objective is to promote education and wellness and not treatment.
In line with this, under its CSR focus, the company will aim to promote health and education of the children’s living in slum areas. The
Company will perform the following activities:
Promote public healthcare activities including preventive and promotive healthcare through medical treatment & awareness campaigns on
basic healthcare.
The Company will not spend any amount directly on healthcare activities, whatever CSR expenditures will be made on Healthcare activities
as stated above, shall be made through any permitted vehicle as specified under Companies Act, 2013 and related rules issued thereon.
Education and Skills Development
To work on several educational initiatives to provide quality education, training, skill enhancement for improving the quality of living and
livelihood. Initiatives are aimed at:
Promoting primary and secondary education
Enabling higher education through merit cum means scholarships, including for differently abled across the country.
Using sports as a tool for development of students in both urban and rural settings.
Promoting higher education including setting up and supporting universities
Skill development and vocational training
Environment
To enable enhanced livelihood and quality of life, promote environment sustainability through various initiatives for:
Ecological sustainability
Promoting biodiversity
Conservation of natural resources
Maintaining quality of soil, air and water
Promoting renewable energy
Developing gardens and river fronts
Entrepreneurship

279. 279
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Company aims to hold entrepreneurship workshops by tie up with financial institutions to provide training, create financial and business
templates, to link the entrepreneurs to the first generation entrepreneurs and to provide them the required Information.
Socio Economic Development
Company intends to contribute funds towards socio economic development of SC, ST, minorities and women.
Other Initiatives
To undertake other need based initiatives in compliance with Schedule VII of the Companies Act, 2013.
CSR Budget
The Board of Company shall ensure that in each financial year, the Company spends at least 2% of the average net profit made during the
immediate three preceding financial years towards CSR Activities;
In case of any surplus arising out of the CSR Projects the same shall not form part of business profits of the Company;
The Company may collaborate or pool resources with other Companies (its subsidiary companies) to undertake CSR Activities.
CSR Implementation
The CSR projects will be implemented in a time-bound manner with clear objectives, plan, targets and robust monitoring and evaluation
mechanisms.
The Company will follow the Direct engagement strategy to undertake the CSR projects thatare aligned to the Policy. This Policy builds on
the learning’s and good practices of the CSR projects initiated by the Company.
The Company will enter into partnerships with the government, not for profit organizations, business partners and communities to create
multiplier effect of its social projects.
The Company has set up dedicated teams for implementation of CSR projects. The mode of implementation will include a combination of
direct implementation and implementation through any trust/society or Section 8 Company.
The Company may decide to undertake its CSR activities approved by the CSR Committee, through a registered trust or a registered society
or a company established under Section 8 of the Act by the company, either singly or along with its holding or subsidiary or associate
company, or along with any other company or holding or subsidiary or associate company of such other company' or otherwise.
In case, such trust, society or company is not established by the company either singly or along with its holding or subsidiary or associate
company, or along with any other Company or holding or subsidiary or associate Company of such other Company, it shall have an
established track record of three years in undertaking similar programs. The Company will select its partners after appropriate due diligence.
The Company will use services of expert agencies, consultancy firms etc. wherever required for carrying out baseline surveys, guidance on
project design and implementation, third-party monitoring and evaluations, impact assessment surveys etc.
The teams responsible for implementing various CSR projects are mentioned in the section on the Governance Structure of the Policy.
The heads of the respective teams managing CSR projects will be authorised to sign Memorandums of Understanding (MOUs)/Agreements
with the implementing partners after taking required approvals.
Roles and responsibilites
The Board

280. 280
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
The Board of Directors of the Company will be responsible for:
Approval of the CSR Policy of the Company
Ensuring that the social projects included in the Policy are undertaken by the Company
Ensuring that the Company spends, in every financial year, at least 2% of the average net profits of the Company made during the three
immediately preceding financial years in pursuance of the Policy
Ensuring that the Company gives preference to the local areas around its operations for spending the amount earmarked for CSR projects
Ensuring that it specifies the reasons in its report for not spending the earmarked amount in case the Company fails to spend such amount
Composition of the the CSR committee: The composition of the CSR Committee of the Board is as under.
S. No. Name Designation/Category CSR Committee
1 Mr. Robin Raina Director Chairman
2 Mr. Satya Bushan Kotru Director Member
3 Mr. Vikas Verma Director Member
The Board shall have the power to make any change(s) in the constitition of the Committee.
Responsibility of the CSR Committee:
Formulate and recommend the CSR Policy to the Board for approval. The Committee shall indicate the projects to be undertaken by the
Company as specified in Schedule VII
Monitor the Policy from time to time and recommend changes to the Board
Recommend the amount of expenditure to be incurred on CSR projects
Institute a transparent monitoring mechanism for ensuring implementation of the social projects undertaken by the Company.
Other Points related to CSR
A company may also collaborate with other companies for undertaking projects or programs or CSR activities in such a manner that the CSR
committees of respective companies are in a position to report separately on such projects & programs and the monitoring & reporting
mechanism.
Only such CSR activities will be taken into consideration as are undertaken within India.
For and on behalf of the Board
Ebix Payment Services Private Limited
Robin Raina
Chairman

281. 281
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
DIN: 00475045
ANNEXURE – II
ANNUAL REPORT ON CSR
A brief outline of the Company’s CSR policy, including overview of projects or programmes proposed to be undertaken and a reference to
the web-link to the CSR policy and projects or programmes.
CSR policy is stated herein below:
- Our aim is to continue commitment by business to contribute to economic development while improving quality of life of workforce and
their families as well as society at large.
- Aims at sustainable development i.e., “development that meets the needs of the present without compromising the ability of future
generations to meet their own needs.”
- Strive for eradication of hunger and poverty, provide education and employment opportunities to the needy and down trodden
Composition of CSR Committee:
S. No.Name of Director Designation/ Nature of directorship
Number of
Meetings of CSR
Committee held during the year
Number of meetings of CSR
Committee attended during the year
1 Mr. Robin Raina Chairman – Non executive 1 1
2 Mr. Vikas Verma Member – Non executive 1 1
3 Mr. Satya Bushan KotruMember – Non executive 1 1
The CSR committee composition, CSR Policy and CSR Projects can be find on website: www.ebixcash.com
Provide the details of Impact assessment of CSR projects carried out in pursuance of sub-rule (3) of rule 8 of the Companies (Corporate
Social responsibility Policy) Rules, 2014, if applicable (attach the report).
NA
Details of the amount available for set off in pursuance of sub-rule (3) of rule 7 of the Companies (Corporate Social responsibility Policy)
Rules, 2014 and amount required for set off for the financial year, if any.
NA
Average net profit of the company as per section 135(5) - Rs. 448.14 Lakh.
(a) Two percent of average net profit of the company as per section 135(5) – Rs. 8.96 Lakh
(b) Surplus arising out of the CSR projects or programmes or activities of the previous financial years - NIL
(c) Amount required to be set off for the financial year, if any-NIL
(d) Total CSR obligation for the financial year (7a+7b- 7c) - Rs. 8.96 Lakh

282. 282
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
(a) Details of CSR spend for the financial year:
Total Amount Spent in
Financial Year
(Amount in lakh)
Amount Unspent
(INR in Lacs)
       
Total Amount
transferred to Unspent
CSR Account as per
section 135(6).
  Amount transferred to any fund specified under Schedule VII
as per second proviso to section 135(5).
   
Amount Date of transferName of the Fund Amount
Date of
transfer
NIL N.A. N.A.
PM
Cares
Fund
8.96
Lakh
25.09.2021
(b) Details of CSR amount spent against ongoing projects for the financial year:
Sr.
No.
Name
of the
project
Item
from
the list
of
activities
in
Schedule
VII to
the
Act.
Local
area
(Yes
/
No)
Location of
the
project
 
Project
duration
Amount
allocated
for the
project
(in `)
Amount
spent in
the
current
financial
Year (in
`)
Amount
transferred
to
Unspent
CSR
Account for
the
project as
per
Section
135(6)
(in `)
Mode of
Implementation
Direct
(Yes/No)
Mode of
Implementation
– Through
Implementing
Agency
State District
Name
CSR
Registration
No.
-----Not
Applicable----
                    
(c) Details of CSR amount spent against other than ongoing projects for the financial year:
Sr.
No
Name of the
project
Item from the
list
of activities in
Schedule VII to
the
Act
Local
area
(Yes
/
No)
Location of the
project.
 
Amount
spent
for the
project
(Amount in
lakh)
Mode of
Implementation
Direct
(Yes/No)
Mode of
Implementation –
Through Implementing
Agency
 
State District

283. 283
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Name
CSR
Registration
No.
-----Not
Applicable----
                
(d)Amount spent in Administrative Overheads: Nil
(e) Amount spent on Impact Assessment, if applicable: Nil
(f) Total amount spent for the Financial Year: Nil
(g) Excess amount for set off, if any: Nil
Sl. No.Particular Amount (in Rs.)
(i)Two percent of average net profit of the company as per section 135(5) 8.96 Lakh
(ii)Total amount spent for the Financial Year 8.96 Lakh
(iii)Excess amount spent for the financial year [(ii)-(i)] -
(iv)Surplus arising out of the CSR projects or programmes or activities of the previous financial years, if any-
(v)
Amount available for set off in succeeding financial years
[(iii)-(iv)]
-
(a) Details of Unspent CSR amount for the preceding three financial years:
Sl. No.
Preceding
Financial
Year.
Amount transferred to
Unspent CSR Account under
section 135 (6) (in Rs.)
Amount spent in the
reporting Financial
Year (in Rs.).
Amount transferred to any fund
specified under Schedule VII as per
section 135(6), if any.
  
Amount remaining to be
spent in succeeding
financial years. (in Rs.)
Name
of the
Fund
Amount
(in Rs).
Date of transfer.
1. 2019-20- - - ---
2. 2018-19- - - ---
3. 2017-18- - - ---
Total- - - ---
(b) Details of CSR amount spent in the financial year for ongoing projects of the preceding financial year(s): NIL
(1)(2)(3)(4) (5) (6) (7) (8) (9)
Sl.
No.
Project
ID.
Name
of the
Project.
Financial Year in
which the project
was comm-enced
Project
duration
Total amount
allocated for the
project (in Rs.).
Amount spent on the
project in the reporting
Financial Year (in Rs).
Cumulative amount spent
at the end of reporting
Financial Year (in Rs.)
Status of the
project –
Comp-leted
/Ongoing
1- - - - - - - -

284. 284
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Total- - - - - - -
In case of creation or acquisition of capital asset, furnish the details relating to the asset so created or acquired through CSR spent in the
financial year (asset-wise details).
(a) Date of creation or acquisition of the capital asset(s) - NIL
(b) Amount of CSR spent for creation or acquisition of capital asset. - NIL
(c) Details of the entity or public authority or beneficiary under whose name such capital asset is registered, their address etc. - NIL
(d) Provide details of the capital asset(s) created or acquired (including complete address and location of the capital asset). – NIL
Specify the reason(s), if the company has failed to spend two per cent of the average net profit as per section 135(5). - NIL
For and on behalf of the Board of Directors
Ebix Payment Services Private Limited
Place: Noida
Date: 30.10.2021
Robin Raina Satya Bushan Kotru
Chairman Member
DIN: 00475045 DIN: 01729176
[610500] Notes - Events after reporting period
Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
Disclosure of events after reporting period [TextBlock]
   Disclosure of non-adjusting events after reporting period [TextBlock]
      Whether there are non adjusting events after reporting period No No
[612500] Notes - Share-based payment arrangements
Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
Disclosure of share-based payment arrangements [TextBlock]
   Whether there are any share based payment arrangement No No

285. 285
EBIX PAYMENT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2020 to 31/03/2021
[613000] Notes - Earnings per share
Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
Disclosure of earnings per share [TextBlock]
   Basic earnings per share [Abstract]
      Basic earnings (loss) per share from continuing operations
      Total basic earnings (loss) per share
   Diluted earnings per share [Abstract]
      Diluted earnings (loss) per share from continuing operations
      Total diluted earnings (loss) per share
   Profit (loss), attributable to ordinary equity holders of parent entity
   [Abstract]
      Profit (loss), attributable to ordinary equity holders of parent entity 0 0
      Profit (loss), attributable to ordinary equity holders of parent
      entity including dilutive effects
0 0
   Weighted average shares and adjusted weighted average shares [Abstract]
      Weighted average number of ordinary shares outstanding [shares] 0 [shares] 0
[610900] Notes - First time adoption
Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
Disclosure of first-time adoption [TextBlock]
   Whether company has adopted Ind AS first time No No