(i) Fino Paytech, founded on July 13, 2006, is headquartered at Mumbai, with offices across India. It is a business and banking technology platform combined with an extensive services delivery channel, whose vision is to fulfill every financial service needs of its customers, and thus become their universally preferred choice.
(ii) Fino Paytech is an institutional investor-driven company owned by international and Indian investors. The company has emerged as a thought leader, innovator, and implementer of technology solutions for institutions like banks, micro-finance institutions, government entities, and insurance companies. As an alternate banking channel, Fino Paytech enables seamless end-to-end customer sourcing and servicing.
(iii) FINO PayTech Limited Group is primarily engaged in providing technology-based solutions and services related to financial inclusion. It is a business and banking technology platform combined with extensive services delivery channel. The Group includes a Non-Banking Financial Company – Non-Deposit Accepting or Holding Company (‘NBFC-ND’) registered with Reserve Bank of India (‘RBI’). It is engaged in providing finance to poor women in rural areas of India who are organized as Joint Liability Groups (‘JLG’). Group services institutions like banks, microfinance institutions, government entities, and insurance companies. The Group includes a Bank which offers services such as current and savings accounts, remittances, business correspondent, mobile banking, bill payments and third party financial products distribution. The Bank is engaged in providing various types of financial services to the rural, poor, and underserved and unserved classes to help them be economically self-reliant.
What Does This Company Do?
A) Customer Enrollment Solutions
(i) Fino Paytech has developed applications that can be used to effectively acquire micro customers.
(ii) Unlike a banking model that requires customers to physically visit a branch, Fino Paytech’s Customer Acquisition System allows customers to be enrolled/acquired at the convenience of their doorstep. This process is quicker and simpler for customers as well as banks, while at the same time, it retains the core essence of banking as well.
(iii) An enrollment station typically consists of a laptop connected to a web camera, a fingerprint scanner, and a signature pad (optional).
B) Hardware Solutions
(i) Fino Paytech provides a full suite of biometric products for enrollment, storage, and verification, while also maintaining all back-end system elements – thus enabling them to develop and offer exclusive financial inclusion applications.
(ii) This technology enables Fino Paytech’s clients to offer a rich variety of simple and accessible solutions with a whole range of products – including handheld devices, biometric smart cards, backend switches, and micro deposit machines.
C) Operation Solutions
The operations solutions team manages data messaging to churn out the required information for day-to-day planning and management of operations. The principals may either utilize some of the pre-designed reports by Fino Paytech or ask for customized reports.
(i) Consultancy Service
(ii) Financial Literacy
To whom they serve?
(i) Joint Liability Group Loans- In the banking system, JLG is a lending model that enables a group of individuals (usually five) to take loans for income-generating activity by forming a group, wherein group members guarantee each others’ loans. FINO has been doing JLG lending on behalf of various banking partners and on its own books since 2008. FINO’s solution provides a platform to source and service customers for group-based micro-finance lending.
(ii) Recurring Deposit – Recurring deposits are an ideal way to invest small amounts of money every month and end up with a large kitty on maturity. Fino Paytech is the first and only entity to provide a recurring deposit for micro customers, which becomes a committed savings product for this customer segment.
(iii) Money Transfer – They provide a fast, reliable, and convenient platform to transfer money domestically from the remitter to the beneficiary via Intra-bank (home bank), Inter-bank (NEFT), and the IMPS facility.
(i) MNREGA- The Fino Paytech provides cards that function on a pan-India basis. The cards can be used to make domestic payments across 50,000+ villages in the country. The usage of biometric technology has largely reduced the possibilities and instances of misuse and malpractices as far as payments to citizens are concerned.
(ii) Social Security Schemes- Many State Governments are using Fino Paytech architecture, based on fingerprint usage as validation, across the country to deliver social security schemes to citizens. This has to lead to substantial savings in terms of resources for the government.
Fino Paytech’s cutting-edge technological solution has become a game-changer in India’s health micro-insurance sector. The solution empowers insurance companies to reach out to customers at the bottom of the pyramid and cater to their particular financial needs, while at the same time maintain financial viability as well.
Rashtriya Swasthya Bima Yojana (RSBY) is a cashless national health insurance welfare scheme introduced by the Government of India. The objective of this scheme is to protect the Below Poverty Line (BPL) households from the financial liabilities arising from health setbacks involving hospitalization.
Fact: Fino Paytech has enrolled over 25 million families under the RSBY.
In 2016, they got a license for Payment Bank.
|Total Available Shares:||1000|
|Face Value:||₹ 10 Per Equity Share|
|Lot Size:||100 Shares|
|Current Unlisted Share Price:||₹ 185 Per Equity Share|
|Sr.no||Name of the Shareholder||No. of Shares||% of Holding|
|1||Bharat Petroleum Corporation Limited||28435423||28.89%|
|2||ICICI Prudential Life Insurance Company Limited||11328854||11.51%|
|3||Blackstone GPV Capital Partners (Mauritius)||7512207||7.63%|
|4||HAV 3 Holdings (Mauritius) Limited||7456993||7.58%|
|5||International Finance Corporation||6569567||6.68%|
|6||ICICI Bank Limited||57,50,000||5.84%|
|7||ICICI Lombard General Insurance Company Limited||5289194||5.37%|
|8||Intel Capital Corporation||4433449||4.50%|
|9||Exide Life Insurance Company Limited||2832213||2.83%|
|10||Life Insurance Corporation of India||22,50,000||2.29%|
|Company||Revenue-FY21||Profit- FY21||Revenue-FY20||Profit FY20||Revenue FY19||Profit FY19||Revenue FY18||Profit FY18|
|Fino Finance Pvt. Limited||51||-54||106||4.64||134.5||2.32||123||-42|
|Fino Trusteeship Services||0.35||-0.23||0.6||0.42||0.31||0.21||0.066||0.052|
|Fino Payment Bank||791||20||691||-32||371.12||-62.38||230||-67.38|
|Fino Financial Services||Nil||-0.073||Nil||0.0052||Nil||0.0043||Nil||0.0043|
Please find below the procedure for buying Fino Paytech Limited Unlisted Shares at UnlistedZone.
Please find below the procedure for selling Fino Paytech Limited Unlisted Shares at UnlistedZone.
Lock-in period of Fino Paytech Limited Unlisted Shares depends upon category of investors.
DIS - Delivery Instruction Slip is the way through which an investor can sell or transfer the Fino Paytech Limited Unlisted Shares from his/her demat account to any other demat account. There are two Types of DIS Slip.
In the last 4-5 years, the unlisted share market has become quite big and as a result of that, the ticket size has reduced from usual 5-10 Lac to 35-50k in today's scenario. So, via our UnlistedZone platform, if somebody wants to buy Fino Paytech Limited Unlisted Shares then minimum investment would be 35-50k.
Yes, buying and selling of unlisted shares in India is 100% legal.
If you sell your shares within 2 years, then you will have to pay Short-term Capital gain on unlisted shares. Short-Term Capital Gain is added in your Income. So, as per individual tax slab you need to pay capital gain tax.
If you sell your shares after 2 years, then you will have to pay Long-term Capital gain on unlisted shares LTCG is 20% with indexation benefits.
After listing of shares, the unlisted shares which you have bought through unlisted market, will be taxed at listed rates, if sold through exchange. So, taxes of listed market will be applicable. And, to calculate holding time, for determining LTCG or STCG, the purchase date of unlisted shares will be applicable.
If you buy Fino Paytech Limited Unlisted Shares from UnlistedZone then these shares can checked in two ways. However, before we tell you the process of checking of shares, it is intimated that as per SEBI regulations, the shares can be transferred in demat account only.
Check credit of Fino Paytech Limited Unlisted Shares Instantly?
The Fino Paytech Limited Unlisted Shares are credited in demat account same day of transferring funds in our company's bank account.
The price of Fino Paytech Limited Unlisted Shares can be checked in two ways. First, you can join our telegram channel where on daily basis we share the latest prices of all the unlisted shares in the morning and secondly, you can register on UnlistedZone.live platform to see the historical graphs and prices of all the shares at one place.
If you see the thesis of investment in the unlisted shares then it is being done mainly to take the advantage of IPO market. And, if the IPO plans of company get delayed due to market conditions or any other reason then demand suddenly drops in the market. The unlisted market works mainly on demand and supply and if there is no IPO news then getting exit would be difficult.
"UnlistedZone is India's fastest and leading marketplace to buy and sell unlisted shares. In the last 3 years, we have already served more than 1 million users on the platform. The total transactions value done from the platform is already more than 100 Crores. The name of our Co-founders Mr. Umesh Paliwal and Dinesh Gupta publish regularly in leading newspapers like MoneyControl, Business-Standard, ET etc for their views on IPO and Unlisted market. In the last 3 years, UnlistedZone has made a good name for itself in the industry and gained a trust of their users. So, the new investors should not be worried about any kind of fraud that is mostly happens with unkown brokers in the market while doing investment with UnlistedZone."
We at UnlistedZone do the valuation based on 2 methods.
As an investor in the unlisted space, we would always recommend that you must check all the risk parameter carefully before investing in the unlisted space.
We source shares either from the employees or initial investors looking to liquidate their Fino Paytech Limited Unlisted Shares.
Pre-IPO shares means which are planning for an IPO in near future. So, all the shares which are traded on the platform are not Pre-IPO Shares. However, if the company's business is going good and then demand will always be there in the unlisted space, so even if the IPO does not come, the investors can easily liquidate their Fino Paytech Limited Unlisted Shares in the unlisted market itself.
Rules and regulations of SEBI are applicable in the Unlisted space like lock-in period of 6 months, paying of Stamp Duty, and DP Charges for every transaction etc. However, to become an unlisted broker there is no such regulation by SEBI as of yet.
For tracking news and other information about Fino Paytech Limited Unlisted Shares, one can visit our website wherein we post news and other information on daily basis and one can also join our telegram channel.