Fino Paytech Limited Unlisted Shares

(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.

D) Services

(i) Consultancy Service
(ii) Financial Literacy

To whom they serve?

A) Banks

(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.

B) Government

(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.

C) Insurance

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.

Fino Paytech Limited Unlisted Shares Details:

Total Available Shares:	1000
Face Value:	₹ 10 Per Equity Share
ISIN:	INE511I01011
Lot Size:	100 Shares
Current Unlisted Share Price:	₹ 195 Per Equity Share

Promoters And Management:

1. Mr. Ashok Kini - Non-executive Chairman & Independent Director. 2. Dr. Anjana Grewal - Independent Director 3. Mr. Amit Jain - Nominee Director of Blackstone 4. Mr. Alok Gupta - Nominee Director of Hav 3 Holdings (Mauritius) Limited 5. Mr. Pramod Sharma - Nominee Director of Bharat Petroleum Corporation Limited

Company Business:

They get revenue from financing and payment banks operation. Moreover, FINO Paytech Ltd. is also charged the financial institution ongoing rental fees for space on their back-end system and for point-of-transaction terminals, annual maintenance fees for the terminals, new card issuance fees.

Shareholding Pattern:

( As of 31.03.2020)

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%
11	Indian Bank	22,50,000	2.29%
12	Union Bank	22,50,000	2.29%
13	Corporation Bank	22,50,000	2.29%

Financials of Fino Paytech Limited Unlisted Shares:

Standalone Financials (Crores)

Year	Revenue	Expense	PBT	PAT	Shares	EPS	NW	BV
2018	43	99	-56.1	-46.89	12.27	-4.73	579	45
2019	53	49	3.8	-9.22	12.27	-0.75	576	45
2020	64	55	8.3	7.67	12.27	0.63	587	46
2021	22	37	16	-17	12.34	-1.37	574	46

Subsidiary and Associates Performance (Crores)

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

Consolidated Financials (Crores)

Year	Revenue	Expense	PBT	PAT	Shares	EPS	NW	BV	Debt
2018	376	552	-176	-167	9.865	-16.8	335	34	330
2019	547	601	-53	-73	12.26	-7.29	289	29	328
2020	852	872	-19	-20	12.27	-2.03	217	22	240
2021	860	910	-49	-50	12.34	-4.05	170	14	248

UZ Review of 2018-19: The Fino-Paytech has shown excellent growth in the FY18-19 as compared to last year. The top-line has grown 1.45 times as compared to last year. The losses have almost halved to 76 Cr this year. Fino-Paytech is generating most of its revenue from Payment bank and Financing business. (i) In Financing, they give JLG loans between 10000 to 60000 at 23% interest rate. In MSME, they give loan between 1.5 Lakh to 15 Lakh and Individual Microloan between 50k to 1 lakh. (ii) In Payment banks, a maximum deposit of Rs.1 lakh can be done. They can issue debit cards but not credit cards. The Payment bank has to invest 75% of the deposit to RBI in the form of SLR and 25% in current and fixed accounts in commercial banks. They get 6-7% interest on their deposit with RBI and Commerical banks and have to pay 4% to the depositors for their liability. So on average for a Rs. 1 lakh deposit with a payment bank, they get Rs. 2000-3000 per year. Recently, they have tied-up with Suryoda Small Finance Bank for a sweep account facility. This facility allows customers to seamlessly transfer balance in their account in excess of Rs 1 lakh to SSFB (partner bank) account. While this facility ensures RBI guidelines on Rs 1 lakh deposit limit for payments banks are adhered to, it also gives customers the safety of a bank account to park excess funds, which can be utilized whenever they need. The sweep account facility will be available across all the geographies where Fino Payments Bank has operations. Currently, the bank has a presence across 25 states, with a network of 425 banking outlets and over 75000 merchant points servicing close to a million customers. (iii) They have a tie-up with commercials banks to sell their financial products such as Mutual Funds, Insurance Products to get other income. The Fino-Payment bank has tie-up ICICI Lombard and Exide Life Insurance to sell insurance products Plus they also charge to customers while transferring funds. We at UnlistedZone feels that the company should come in profit in FY19-20 the way they have performed this year. The company is expecting an IPO in 2022 to give exit to existing investors in the company. UZ Review of 2019-20 1. The company has shown revenue growth of 55% in FY19-20 as compared to last year. 2. On a consolidated basis, the loss has been reduced from 53 Crores to 19 Crores in FY19-20 which is good. On a standalone basis, the company has registered a profit of 7 Crores as compared to a loss of 9 Crores last year. 3. In FY19-20, the Company had allotted 1,21,250 Equity Shares of Rs. 10 each to the employees/ex-employees of the Company/Subsidiaries who have exercised their ESOPs. As per our calculations, the per-share value of ESOP is around 76 per share. UZ Review FY20-21 1. The total revenue from the operation of Fino Payments Bank Limited during the year under review is Rs. 791 Crores and Net Profit is Rs. 21 Crores. Last year the revenue was 691 Crores and company was in loss. Fino-Payment bank is the only profitable subsidiary of Fino-Paytech in FY21. 2. In FY21, revenue growth was 15% as compared to last year. This growth was led by a 11% increase in commission, exchange and brokerage from transactions across microATMs, AePS, CMS and current and savings accounts (CASA). However, due to the lockdown imposed by government of India last year, the income from commission by cross selling products such as Mutual Funds, Insurance was reduced considerably. 3. Fino-Paytech has boarded 1,45,000 new merchants on its platform and due to which it has earned Rs.95 Crores income. Merchants basically pays to Fino Paytech for equipment, and training purpose. 4. During this year, under ESOP Scheme the Company had allotted 7,20,500 Equity Shares of Rs. 10 each to the employees/ex-employees of the Company/Subsidiaries who have exercised their ESOPs. Fino-Paytech has issued ESOP at Rs.50 per share. Fino-Paytech Annual Report 2020-21 Fino-Paytech Annual Report 2019-20 Fino-Paytech Annual Report 2018-19 Fino-Paytech Annual Report 2017-18 Research Report on Fino-Paytech-07.09.2019 6MFY20 Performance Graphical representation of Financials of Fino Paytech Limited Unlisted Shares

Frequently Asked Questions:

Please find below the procedure for buying Fino Paytech Limited Unlisted Shares at UnlistedZone.

1. You confirm booking of Fino Paytech Limited Unlisted Shares with us at a trading price.
2. You provide your client master report (ask the broker if not available) along with PAN Card and Cancelled Cheque in case you are not transferring funds from the bank account as mentioned in the CMR Copy. These are KYC documents required as per SEBI regulations.
3. We will provide the bank details.
4. You need to transfer funds in that account.
5. Payment has to be done in RTGS/NEFT/IMPS CHEQUE TRANSFER. No CASH DEPOSIT.
6. Payment has to be done from the same account in which shares are to be credited.
7. We will transfer the shares in 24 hours if funds are credited before 2 pm.

Important Note: Please note that the lock-in period for selling Fino Paytech Limited Unlisted Shares is 6 months after listing. Hence you can’t sell Fino Paytech Limited Unlisted Shares which you bought in Pre-IPO for 6 months after its listing. i.e. You can sell it only after 6 months calculated from the listing date. For any queries, please contact us at sales@unlistedzone.com

Please find below the procedure for selling Fino Paytech Limited Unlisted Shares at UnlistedZone.

1. We will confirm our buying price of Fino Paytech Limited Unlisted Shares.
2. We will give you our client master report and you will transfer the Fino Paytech Limited Unlisted Shares to our demat account.
3. We will ask for bank details of yours once the Fino Paytech Limited Unlisted Shares are received in our demat account..
4. We will transfer the funds in your bank account within 24 hrs of receiving the Fino Paytech Limited Unlisted Shares.
5. Payment will be made in RTGS / NEFT / CHEQUE TRANSFER/IMPS. No CASH DEPOSIT.
6. Payment will be given in the same account which is linked to demat account or you need to provide the cancelled cheque shows your name to verify. As per SEBI regulations, the transfer of funds in the third party account is not legal and our policy refrain us from doing so.

Note: The price at which we are buying the share is fixed for 3 days. If you cant sell your stock within 3 days, then the price of that day will be applicable when we receive shares in our demat.

Lock-in period of Fino Paytech Limited Unlisted Shares depends upon category of investors.

1. Venture Capital Funds or Foreign Venture Capital Investor - lock-in Period of 6 months from the date of acquisition of Fino Paytech Limited Unlisted Shares.
2. AIF-II - There is no locking period.
3. Other Investors (include Retail, HNIs or Body Corporate) lock-in Period of 6 months from the date of listing of IPO of Fino Paytech Limited Unlisted Shares.

This new SEBI rule was introduced in the month of August-2021, wherein the SEBI has reduced the lock-in period previously from 1 year to 6 months to encourage more and more funds to be invested in startups which are going to public or IPO in near future. Reduction of lock-in is seen as big step and after that many PMS funds are advising their clients to invest in Pre-IPO shares to get the benefit of early stage investment.

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.

1. Offline-DIS - This is an offline mode of transfer of shares wherein the investors needs to fill DIS form and give it to their broker for transferring the shares. Following are the fields which are required to be filled.
- a. ISIN number of Fino Paytech Limited Unlisted Shares.
- b. Name of Fino Paytech Limited Unlisted Shares
- c. Quantity of Fino Paytech Limited Unlisted Shares
- d. Cosideration Amount
- e. Target DP ID and Client ID
- f. Annexure
2. Online DIS - Some of the broker these days gives facility of transferring the Fino Paytech Limited Unlisted Shares via online DIS. So, please check with your broker whether such facility is available or not. For example: Angel Broking proivdes the facility of Online-DIS from its platform. As an investor he/she simply needs to add a beneficiary into it and send the Fino Paytech Limited Unlisted Shares by filling the details similar to Ofline-DIS.

Read our article to understand more about this. https://unlistedzone.com/how-do-i-sell-my-unlisted-shares/

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?

1.You can download the NSDL or CDSL application from google play-store and check. If you want to check whether your stock broker is registered with NSDL or CDSL then check the following procedure.
By carefully examining the number format of Demat Account we can easily identify whether the stock broker is registered with CDSL or NSDL.
Demat Account = DP ID + Client ID. (16 Characters )
"DP ID is the unique identification of the Broker. Every broker gets a unique number from CDSL or NSDL.By carefully examining the number format of Demat Account we can easily identify whether the stock broker is registered with CDSL or NSDL.
Client ID is the unique identification of the Client. Every client gets this unique number which represents his/her portfolio.
In CDSL, all these characters are numbers (1234567891234567) first 8 digits are DP ID and next 8 digits are Client Id whereas in NSDL the first two characters are letters which are in accordance with the country that you are from (IN12345678912345), then 6 unique digits for Broker and next 8 digits are client ID.
Example:
CDSL = 12345678(DP ID) and 91234567(Client ID).
NSDL = IN123456 (DP ID) and 78912345(Client ID).
Check in brokers application?
Credit of Fino Paytech Limited Unlisted Shares can be checked in brokers application as well but it takes T+2 days to show the shares.

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.

1. We check the last funding that is being done in the Fino Paytech Limited Unlisted Shares to ascertain the benchmark valuation.
2. If there is no funding happened in the company, then we try to find a business similar to Fino Paytech Limited Unlisted Shares in the listed space and do comparison method to ascertain the valuation.

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.

Discussion on Fino Paytech Limited Unlisted Shares:

27 Comments

Umesh Paliwal

5:36 AM, 6 October 2021

Fino Payments Bank receives Sebi’s nod for the IPO

Fino Payments Bank has received the go-ahead from the capital markets regulator Sebi to float its initial public offering (IPO) and raise funds.

The fintech player, which is eyeing to raise up to Rs 1,300 crore from its stake sale, had filed its draft red herring prospectus (DRHP)in July 2021.

The company will issue fresh equity shares worth Rs 300 crore and promoter company Fino Paytech Limited stake worth up to 1,56,02,999 equity shares of the company.

According to this calculation, the price band for the issue is likely to be around Rs 640 per equity share. The company has reserved equity shares worth Rs 3 crore for its eligible employees.

Fino Payments Bank has obtained observations from Sebi on October 1, which is mandatory before launching any public issue like IPO, follow-on public offer (FPO), and rights issues.

The lender may consider a pre-IPO placement worth Rs 60 crore after the consultation with merchant bankers. If the company opts for pre IPO placement, the fresh issue size will be trimmed.

The net proceeds from the issue will be utilised for augmenting its Tier-1 capital base to meet its future capital requirement and general corporate purposes.

Fino Payments Bank offers a diverse range of digital financial products and services and has a payments focus. Since 2017, it has grown its operational presence to cover over 94% of Indian districts as of March 2021.

The company operates on an asset-light model which is primarily dependent on the fee and commission income, generated from its vast and pan India merchant network.

The company became profitable in the final quarter of the fiscal year 2019-20 and has remained in the black in the subsequent quarters since then.

In FY20 and FY21, it facilitated more than 318.56 million and 434.96 million transactions, respectively. It recorded the gross transaction values of Rs 94,452.6 crore and Rs 1,32,930.7 crore, respectively during the period under review.

Axis Capital, CLSA India, ICICI Securities, and Nomura Financial Advisory Services are appointed as the book running lead managers to the issue, whereas Kfin Technologies has been appointed as the registrar for the issue.

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vishalnvora

6:38 AM, 3 June 2021

from where we can buy !

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Umesh Paliwal

2:29 AM, 6 June 2021

Please drop us an email at sales@unlistedzone.com…

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sunil mishra

7:54 AM, 7 September 2021

what is the price today

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Umesh Paliwal

12:40 PM, 7 September 2021

350 per share.

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chetaninv

6:41 PM, 20 May 2021

i want to buy at 110

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navprabhu

6:26 PM, 7 May 2021

What’s the price today ?

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Market Wizard

6:22 AM, 22 May 2020

Fino Paytech Performance FY 20: https://unlistedzone.com/fino-payment-bank-shown-operational-profitability-in-fy19-20-22-05-2020/

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Saurabh Shrotriya

3:52 PM, 1 May 2020

what is min shares need to buy ? what is price ?

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Market Wizard

1:42 PM, 5 May 2020

The minimum lot size is 200 shares.

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Devansh

10:51 AM, 21 May 2020

Hi, I am not sure how to contact on this. I want to buy share of Fino. How to contact you or pls drop consultant number on my ID talktodevansh@yahoo.com

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Priyanka

6:31 PM, 25 August 2020

Hi,

I am priyanka. Kindly share price

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Market Wizard

3:57 PM, 28 August 2020

Rs. 110 per share

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santosh nayak

12:44 PM, 20 January 2021

What is CMP as on today

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Umesh Paliwal

10:40 AM, 22 January 2021

120 per share.

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saurabh_mds

2:43 PM, 18 August 2021

I want to buy 200 shares plz tell rate

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Goldy rawat

7:36 AM, 19 March 2021

239

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Market Wizard

6:27 AM, 17 December 2019

Excellent 6MFY20 performance by Fino-Paytech:

https://unlistedzone.com/fino-paytech-excellent-haly-yearly-numbers-17-12-2019/

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Market Wizard

1:33 PM, 2 October 2019

Fino-Payment is again in News:

https://unlistedzone.com/meity-ranks-hdfc-bank-fino-and-paytm-payments-bank-as-top-banks-for-july-02-10-2019/

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Market Wizard

3:26 AM, 14 September 2019

Good News for Fino-Payment Bank( Now they can apply for a license of Small Finance Bank )

https://unlistedzone.com/rbi-guidelines-for-small-finance-bank-license-14-09-2019/

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Market Wizard

1:35 PM, 7 September 2019

Fino-Paytech has two main subsidiaries which are contributing to most of the revenue.

(i) https://www.finobank.com [ Payment Bank ]

(ii) http://www.finofinance.in [ JLG, MSME loans ]

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Market Wizard

7:12 AM, 20 December 2018

Buzz News: Fino Paytech invests in CityCash

https://investorzone.in/trending-news/fino-paytech-invests-in-citycash

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Market Wizard

2:11 PM, 8 November 2018

As per Management:

Since its launch, the bank has opened 5 lakh customer accounts and deposit has grown up to Rs 100 crore, he said.

Signaling a shift in strategy, Gupta said it will focus on fee-earning transactions rather than the opening of bank accounts, which costs money.

Across all its services like banking correspondents for commercial lenders, micro ATMs and remittances, its cash handling will be doubling to Rs 100 crore a day in 10 lakh transactions, up from Rs 50 crore in four lakh transaction.

Gupta said Fino is aiming to become the largest distributor of financial services in the mass market, adding its insurance sales for ICICI and other companies have grown four times in the past three months alone.

It also originates up to Rs 60 crore of gold loans a month for ICICI Bank and is in the process of launching to sell gold coins and also mutual funds, he said.

The bank has also received a go-ahead from RBI to tie up with universal banks for taking care of deposits of over Rs 1 lakh, which will go in automatically as a saving or current account deposit .

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Market Wizard

2:05 PM, 8 November 2018

FINO Paytech Ltd. was incubated by ICICI Bank, India’s largest private sector bank and second largest bank overall, before spinning off as a separate entity in April 2006. Currently public sector banks, including
Corporation Bank, Indian Bank, Life Insurance Company of India, and Union Bank of India, account for 16% of investment financing. Private sector investors include HSBC (25%), ICICI Group (25%), and IFMR
Trust (1%). International investors are IFC and Intel which own 17% and 16% respectively.

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Market Wizard

2:03 PM, 8 November 2018

Some Interesting Facts about Fino Paytech

1. Fino Paytech is the largest business correspondent in India.

2.Fino Paytech has a massive customer base of over 7.8 Cr customers.

3. Fino Paytech has enrolled over 2.5 Cr families under the RSBY(Rashtriya Swasthya Bima Yojana ).

4. They have an effective MIS for monitoring of field force and transactions.

5. They make ‘anywhere banking’ a reality for microtransaction customers.

6. Fino Paytech offers customers multiple media such as ATMs/MDMs, POS and/or mobile to carry out banking transactions seamlessly.

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UZAdmin

1:30 PM, 8 November 2018

The company has 4 Subsidiaries as on date. The Financial Performance of the subsidiaries in 2018.

1. Fino Finance Private Limited.

The total revenue from the operation of Fino Finance Private Limited during the year under review is Rs. 12,316.24 lakhs and Net Loss is Rs. 4,200.63 lakhs.

2. FINO Trusteeship Services Ltd.

The total revenue from the operation of Fino Trusteeship Services Limited during the year under review is Rs. 6.69 lakhs and Net Profit is Rs. 5.22 lakhs.

3. Fino Payments Bank Limited.
The total revenue from the operation of Fino Payments Bank Limited during the year under review is Rs. 23,018.49 lakhs and Net Loss is Rs. 6,734.30 lakhs.

4. FINO Financial Services Pvt. Ltd

The total revenue from the operation of Fino Financial Services Private Limited during the year under review is Rs. Nil lakhs and Net Loss is Rs. 0.43 lakhs.

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UZAdmin

1:27 PM, 8 November 2018

Current Valuation of the Company is close to 1000 Cr.

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Fino Paytech Limited Unlisted Shares

Fino Paytech Limited Unlisted Shares Details:

Promoters And Management:

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Umesh Paliwal

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