Corporate Profile

making life simple

Payworld is an initiative from Sugal & Damani group of companies. Flagging off its operations in 2006, Payworld has built a formidable presence in India with over 100,000 active retail touch-points across 630 cities and 23 states providing access to untouched market segments to the service providers. Payworld, which builds on the business philosophy of “Making Life Simple” offering smart solutions by their intelligent electronic transaction processing platform where a consumer can do transactions by visiting retail touch points by paying cash. These retail points uses Payworld’s application which runs on Desktops , Laptops and Mobile phones using Android, Windows, iOS & Java platforms.

Under this platform, Payworld offers a plethora of utility services to its consumers in terms of Domestic Money Remittance, Mobile and DTH recharges, Rail, Air and Bus reservation and Utility Bill collections, Digital Wallets, Cash withdrawal points and Assisted e- commerce. Approx. Over 100 million transactions are done using this platform every year through our 100,000 active retail touch points spread across India. Payworld also acts as a Corporate Agent (Life) for Future Generali India Life Insurance Company Limited to provide life insurance solutions in India.

Capitalizing on operational expertise , robust in-house developed technology & implementation and timely introduction of new services made Payworld the only profitable company in its class having 40% CAGR.

Payworld’s 100% subsidiary Payworld Money , which is a mobile wallet reaching out to non tech savvy smart phone users for penetration to unbanked population through the assisted mode. Payworld Money is an RBI approved PPI (Pre- Paid Instrument – Digital/ Mobile wallet) issuer which has users doing primarily Domestic Money remittances through the assisted mode.

Payworld services assume great significance against the backdrop of greater financial inclusion of the population especially by reaching out to the unbanked population for more and more cashless transactions to make financial inclusion task easier for the government and the users.


At Payworld, technology meets creativity when dynamic members of its management team put together their knowledge, expertise and more importantly the desire to deliver the best. The luminaries, carrying varied degree of experience and proficiency, adorning Payworld's board of management are:

  • Prasan Chand Jain
    Mr. Prasan Chand Jain
  • Kamlesh Vijay
    Mr. Kamlesh Vijay
  • Nitesh-Damani
    Mr. Nitesh Damani
  • Mitul Damani
    Mr. Mitul Damani

core management team

  • Praveen Dhabhai
    Mr. Praveen Dhabhai
    Chief Operating Officer
  • Preeti Sharma
    Ms. Preeti Sharma
    Head - Business Development
  • Ankit Anand
    Mr. Ankit Anand
    Manager - Marketing
  • Jyoti Sharma
    Ms. Jyoti Sharma
    Manager – Human Resource
  • Ritu Arora
    Ms. Ritu Arora
    Manager- Finance and Revenue Assurance
  • Anuj Bhatia
    Mr. Anuj Bhatia
    Manager - Operations
  • Manoj Saxena
    Mr.Manoj Saxena
    North & East India - Sales and Business Operations
  • Vipul Kamdar
    Mr. Vipul Kamdar
    West & South India, Sales and Business Operations
  • Vinit Shah
    Mr. Vinit Shah
    Head – Business Partnership, BFSI
  • Chhavi-Mittal
    Ms. Chhavi Mittal
    Company Secretary

Mr. Praveen Dhabhai - Chief Operating Officer

Praveen can be best characterized by his penchant for technological innovations which can be very much witnessed with PayWorld’s superb service and delivery mechanism. More than 18 years of experience in Information Technology and Telecom industries has translated him into a professional who can be credited for any technological evolution aiding to the growth and development of the business.

An engineering graduate from BITS Pilani, Praveen has worked with E-Charge and initiated electronic distribution of Pre-Paid Products in India, the experience that very much sufficed to write the success story of PayWorld.

Beside technical superiority, Praveen also carries varied level of exposure in channel development, tie ups with retail chains and implementing various business models for electronic distribution. His business acumen has helped PayWorld to spread across the country in such a short span of time. In coming years, Praveen’s endeavors would be instrumental in taking PayWorld to every nook and corner of the country and even beyond frontiers to a far-off terrain.

Ms. Preeti Sharma, Head - Business Development

Preeti’s dynamism, foresightedness and business development mechanism can be credited to PayWorld’s ongoing success saga. Preeti, a hard core Management Professional, has wonderfully chalked out the route map on which PayWorld is moving forth and is all set to touch the horizon.

Preeti’s proficiency and expertise can be analyzed by her over 11 years of experience in various service industries such as Pharmaceutical, Freight Forwarding, Banking and Couriers. Prior to joining PayWorld she has worked with the leading Courier and Cargo Company DHL, and has immense experience of handling Key and Corporate customers.

The same level of dynamism and efficiency Preeti has been showcasing while paving the path of success for PayWorld and bringing more and more service providers to its gambit and taking PayWorld to geographically distinct lands.

Mr. Ankit Anand, Manager - Marketing

Given his diversified portfolio in Marketing, Ankit plays a pivotal role in the organisation where he is responsible for branding strategies, media know-how, digital marketing, events and product launches, post launch initiatives, Vendor Management and efficient utilization of budgets.

He has been instrumental in important initiatives which have increased penetration into the existing franchise pool.

Having done his MBA in Marketing and Post Graduate Diploma in Mass Communication and Journalism it gives him an added advantage of handling strategy and communication portfolios for the company.

He started his career with Max Life Insurance Company which helped him understand marketing strategies for a mass market retail product. Ankit has successfully applied his learnings to create value for Payworld.

Ms.Ritu Arora, Manager- Finance and Revenue Assurance

Ritu is a young and dynamic Chartered Accountant by profession. She holds the credit of being the youngest Manager- Finance and Revenue Assurance in the company till date. She has a fondness for portfolio management, risk management and direct and indirect taxation. She has been involved in a number of audits prior to joining Payworld. Immediately after assuming duties here, she started implementation of process improvement techniques.

She possesses many other skills and talents too. She has exceptional I.T. Expertise, paints and sketches very well and has won many laurels for athletics.

Mr. Anuj Bhatia, Manager - Operations

Anuj is very dynamic and adaptable in taking new assignments and to new changes as per Industry norms and making them successful. One can easily gauge this from his past experience and present new verticals handled from starting at Payworld. Anuj is the Operations Manager at Payworld and manages the backend operations of all verticals that Payworld offers. He is planning, developing and working with new business models of the company namely Assisted Ecommerce channel.

Anuj has a total work experience of around 7 years. He is MBA in Finance and Marketing from JIMS, Kalkaji Delhi. He has enrich experience of various Industries some of them are namely Banking, Insurance, Export & Import, Education.

Mr.Manoj Saxena, North & East India - Sales and Business Operations

With a strong hold on presentation and client handling skills Manoj has been doing an amazing job at leading the Northern wing of Payworld in India. He is a self motivated team player who has the will to win in any circumstance and overcomes hurdles without as much as a frown on his face. Payworld has been benefiting from his ability to understand business criticalities and his analytical approach towards implementing action plans since the moment he joined.

An MBA from IMT Ghaziabad, Manoj has always been ahead of the times when it comes to his professional abilities. His non-stop efforts at serving Payworld’s clients better have resulted in the establishment of an efficient customer care department that works round the clock on all 365 days of the year.

His fourteen years long working experience has taught him many invaluable business tactics that are highly appreciated at Payworld. He has an in-depth knowledge of the market and is blessed with the ability to relate business processes of different business industries. Another talent that adds to his laurels is his ability to mentor and coach juniors, which make him an excellent team player as well as a team leader.

Mr.Vipul Kamdar, West and South India, Sales and Business Operations

Vipul is a key player in Payworld’s success story thus far. He possesses a deep rooted understanding of the retailer, distributor and market psyche and thus is able to on board so many people onto the Payworld platform. His positivity, persuasive skills and never say die attitude are his trademarks. Vipul has a total experience of 16 years in marketing roles and he has handled them all with panache.

He is an excellent cricket player and is well versed with 5 Indian languages. Vipul is always ready to take on newer and more challenging roles and assignments and thus he is a major stake holder in Payworld’s successes.

Ms. Jyoti Sharma, Manager – Human Resource

Jyoti is the person who has put everyone in order in the last four years of her stay at Payworld. She has streamlined the complete HR process of the company and recruited most of our best employees. She has the eye for detail and an uncanny talent of reading people’s attitudes which helps the organization in more ways than one.

Holding a degree in Humanities (Hons.) From Lady Shri Ram College of Delhi University and a Master’s degree in Human Resource Management, Jyoti has helped the company in developing and implementing HR standards in the organization.

She is a pro when it comes to core HR domains, conducting Interviews, Recruitment and Selection processes. What adds to her laurels is the fact that she knows statutory compliance and Payroll processing like the back of her hand.

Mr. Vinit Shah, Head – Business Partnership, BFSI

Vinit’s dynamism, foresightedness and business development mechanism can be credited to Payworld’s ongoing success saga. Vinit, a hard core Management Professional, is taking care of all the new business opportunity & alliances on behalf of “Payworld” for BFSI segment.

A dynamic professional with over 11 years of rich experience in handling revenue expansion activities with key focus on top-line and bottom-line profitability in FMCG, E-Commerce, E-Retailing, Channel Management & Retail operations; adept in operating each of the designated units as separate profit centers. Vinit, is an effective leader with excellence in training & motivating cross-functional teams; abilities in coordinating with of Stockists, Distributors, Retailers as well as accomplishing greater operational efficiency towards promoting cost effective products in different segments for business excellence.

His business acumen has not only left the mark on the success story of Payworld but also has a foresight to make it even bigger for Payworld in the days to come. In coming years, Vinit’s endeavors would be instrumental in taking Payworld to every corner of the country.