The Company was incorporated on 22nd December 2000. The Company carries on the business inter alia to provide Telecom based value-added services to various telecom operators across the Territory, Payment gateway aggregator services, Ticket services, Utility bills payments, Insurance, Hotel booking services etc. They got a real boost in their sales during demonetization in 2016.
Financial Performance in 2018-19
|Reserves & Surplus||5738.68|
The reason for loss or inadequate profits:
The Company has incurred huge capital expenditure in creating a brand and establishing its business activity. They have incurred a considerable amount in various capital & operational expenditures which resulted in losses during the financial year.
Steps to be taken or proposed to be taken for improvement:
The Company is focusing on strengthening its position in various business segments like Payments Bank, Insurance and Insurance Broking, travel ticketing, hotel, mobile wallet services etc. and that would result into a better turnover in coming fiscal years.
They have created “Paytm” as a popular brand and platform which provides ease of online marketplace, mobile wallets, recharges and Payment Gateways Aggregator services, Payments Banking Services etc.
Foreign Investment or Collaboration
The Company has received Foreign Direct Investment under FDI guidelines. IN 2018-19, out of total paid-up capital, 83.04% (approx.) is held by Foreign Investor under Foreign Direct Investment scheme of RBI. Further, the Company has following wholly-owned subsidiaries and joint ventures overseas:
|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|
|Ciqual Limited||Joint Venture||UK|
|Total Available Shares:||50000|
|Face Value:||₹ 10 Per Equity Share|
|Lot Size:||5 Shares|
|Current Unlisted Share Price:||₹ Best in Industry Per Equity Share|