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About the Company:
Paytm is India’s leading digital ecosystem for consumers and merchants. The company offers payment services, commerce and cloud services, and financial services to 333 million consumers and over 21 million merchants registered with them, as of March 31, 2021. Two-sided (consumer and merchant) ecosystem enables commerce, and provides access to financial services by leveraging technology to improve the lives of their consumers and help their merchants grow their businesses.
Launched in 2009 as a “mobile-first” digital payments platform it enabled cashless payments for Indians, giving them the power to make payments from their mobile phones. Starting with bill payments and mobile top-ups as the first use cases and Paytm Wallet as the first Paytm Payment Instrument, the company has built the largest payments platform in India based on the number of consumers, number of merchants, number of transactions and revenue as of March 31, 2021.
|S.No.||1 - Company||2 - Subsidiaries||3 - Directors|
|Material civil cases||1||-|
|Amt. (In Million Rs.)||37743.8||143.1||Not Quantifiable|
|Income Statement (In Millions)||FY21||FY20||FY19|
|Gross Operating Income||31868||35407||35797|
|Payment Processing Charges||19168||22659||22574|
|Advertisement & Sales Promotion||5325||13971||34083|
|Software cloud and data expenses||3498||3603||3096|
|Cost of Employee||11849||11193||8562|
|Profit Before Tax||-15962||-25975||-41642|
|Share of Associates/Joint Ventures||-740||-560||146|
|Profit After Tax||-17010||-29424||-42256|
Paytm is a professionally managed company with no identifiable promoters.
There is no listed peer of the company while the unlisted players are Mobikwik, Freecharge, PhonePe, Paymate, Google Pay and Amazon Pay.
The object of the Offer for Sale is to allow the shareholders to sell an aggregate of Rs. 8,300 crores worth of equity Shares held by them.
The payment solutions platform has planned to raise fresh capital aggregating up to Rs. 10,000 Cr. The net proceeds from fresh issue will be utilized • growing and strengthening our Paytm ecosystem, including through acquisition and retention of consumers and merchants and providing them with greater access to technology and financial services; • investing in new business initiatives, acquisitions and strategic partnerships; and • general corporate purposes.