The Company was fused on 22nd December 2000. The Company carries on the business entomb Alia to give Telecom based worth added administrations to different telecom administrators across the Territory, Payment passage aggregator administrations, Ticket administrations, Utility bills installments, Insurance, Hotel booking administrations and so on They got a genuine lift in their deals during demonetization in 2016.
Paytm, one of the leading unlisted companies in India was established in August 2010 with an underlying venture of $2 million by Vijay Shekhar Sharma in Noida, a district adjoining New Delhi. It began as a prepaid portable and DTH energize stage and later added information card, postpaid versatile, and landline charge installments in 2013.
The organization dispatched two new abundance executives items – Paytm Gold Savings Plan and Gold Gifting to improve long haul investment funds. It dispatched into gaming and speculations, joining forces with AGTech to dispatch a versatile games stage Gamepind, and setting up Paytm Money with a venture of ₹9 crores to bring speculation and an abundance of executive items for Indians.
In May 2019, The organization joined forces with Citibank to dispatch Visas.
On November 25, 2019, The organization brought $1 billion up in a subsidizing round driven by US resource chief T Rowe Price alongside existing speculators Ant Financial and SoftBank Vision Fund.
Financial Performance in 2018-19
Reserves & Surplus
The explanation behind misfortune or lacking benefits:
The Company has brought about immense capital use in making a brand and building up its business activities. They have brought about a significant sum in different capital and operational consumptions which brought about misfortunes during the monetary year.
Steps to be taken or proposed to be taken for development:
The Company is zeroing in on reinforcing its situation in different business fragments like Payments Bank, Insurance and Insurance Broking, travel tagging, inn, versatile wallet administrations, and so on and that would bring about a superior turnover in the coming financial years.
They have made “Paytm” a well-known brand and stage which gives simplicity of online commercial center, portable wallets, revives and Payment Gateways Aggregator administrations, Payments Banking Services, and so forth
Unfamiliar Investment or Collaboration:
The Company has gotten Foreign Direct Investment under FDI rules. IN 2018-19, out of absolute settled up capital, 83.04% (approx.) is held by Foreign speculators under the Foreign Direct Investment plan of RBI. Further, the Company has the accompanying completely claimed auxiliaries and joint endeavors abroad:
|Name of the Entity||Status||Country|
|One97 Communications Singapore Private Limited||Wholly owned Subsidiary||Singapore|
|One97 Communications Nigeria Limited||Wholly owned Subsidiary||Nigeria|
|One97 USA Inc.||Wholly owned Subsidiary||USA|
|One97 Communications FZ-LLC||Wholly owned Subsidiary||Dubai|
|Equal Limited||Joint Venture||UK|
Paytm One 97 Communication Unlisted Shares Details:
|Total Available Shares:||50000|
|Face Value:||₹ 10 Per Equity Share|
|Lot Size:||5 Shares|
|Current Unlisted Share Price:||₹ Best in Industry Per Equity Share|
Promoters And Management:
1. Mr. Joseph Chung Tsai- Director- Age 54
Qualification: B.A. (Economics), East Asian Studies (Yale College), Juris Doctor Degree (Yale Law School).
2. Mr. Ravi Adusumalli – Director- Age 42.
Qualification: Graduate from Cornell University with a B.A. in Economics and Government.
3. Ms. Pallavi Shardul Shroff- Director- Age 62
Qualification: B.A., Economics Hons. (1976) Lady Shri Ram College, Delhi
University; M.M.S. (1978) Jamnalal Bajaj Institute of Management Studies, Bombay University; LLB (1981) Govt. Law College, Bombay University.
4. Mr. Kabir Misra- Director- Age 49
Qualification: AB in Economics from Harvard University and an MBA from Stanford University.
5. Vijay Shekhar- CEO- Age 40
Qualification: B.Tech from Delhi College Of Engineering
Financials of Paytm One 97 Communication Unlisted Shares:
|Particulars||2018-19 (in Crores)||2017-18 (in Crores)||2016-17 (in Crores)|