One97 Communications Limited- Paytm Unlisted Shares
Paytm Overview:
Paytm was founded in August 2010 with an initial investment of $2 million by Vijay Shekhar Sharma in Noida, a region adjacent to New Delhi. It started off as a prepaid mobile and DTH recharge platform and later added data card, postpaid mobile and landline bill payments in 2013.
By January 2014, the company launched the Paytm Wallet, and the Indian Railways and Uber added it as a payment option. It launched into e-commerce with online deals and bus ticketing.
In 2015, it unveiled more use-cases like education fees, metro recharges, electricity, gas, and water bill payments. It also started powering the payment gateway for Indian Railways.
In 2016, The company launched movies, events and amusement parks ticketing as well as flight ticket bookings and Paytm QR. Later that year, it launched rail bookings and gift cards.The registered user base of the company grew from 11.8 million in August 2014 to 104 million in August 2015. Its travel business crossed $500 million in annualized GMV run rate while booking 2 million tickets per month.
In 2017, Paytm became India’s first payment app to cross over 100 million app downloads. The same year, it launched Paytm Gold, a product that allowed users to buy as little as ₹1 of pure gold online. It also launched Paytm Payments Bank and ‘Inbox’, a messaging platform with in-chat payments among other products.
In 2018, it started allowing merchants to accept Paytm, UPI and card payments directly into their bank accounts at 0% charge. It also launched the ‘Paytm for Business’ app which is now called Business with Paytm App, allowing merchants to track their payments and day-to-day settlements instantly. This led its merchant base to grow to more than 7 million by March 2018.
The company launched two new wealth management products – Paytm Gold Savings Plan and Gold Gifting to simplify long-term savings. It launched into gaming and investments, partnering with AGTech to launch a mobile games platform Gamepind, and setting up Paytm Money with an investment of ₹9 crores to bring investment and wealth management products for Indians.
In May 2019, The company partnered with Citibank to launch credit cards.
On November 25, 2019, The company raised $1 billion in a funding round led by US asset manager T Rowe Price along with existing investors Ant Financial and SoftBank Vision Fund.
Board of directors of the company as on September 2019:
Past performance of the company on a consolidated basis:
(All figures INR in crores except specifically mentioned)
Reason for losses: The Company has incurred huge capital expenditure in creating a brand and establishing its business activity. We have incurred a considerable amount in various capital & operational expenditures which resulted in losses during the financial year.
Steps 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, and will also have an impact on the Paytm share price.
Expected Increase in productivity and profits in measurable terms: The business and consumer confidence is expected to improve in the coming years, geared with a streamlined organizational design, the company intends to grow its businesses. The improvement in consumer sentiment and increased consumer spending through online platforms will enable the growth momentum to pick up.
The management continues to be cautiously optimistic towards the external economic environment and expects consumer demand to become more consistent and robust in the ensuing fiscal years. Further, various policy decisions taken would act as a growth channel for the Company which would contribute to increased revenues and higher margins. Further, a number of initiatives for productivity and profitability, increased investments in technology, customer engagements, loyalty programs, and improving the customer experience, have shown encouraging results.
Shareholding pattern as on 31.03.2019 as under:
Annual Reports of last 2 years:
One97 Communications Limited (Paytm) Unlisted Shares:
The recent news updates for the company are as under:
Frequently Asked Questions (FAQs) on ONE97 COMMUNICATIONS LIMITED unlisted shares:
1. How to buy ONE97 COMMUNICATIONS LIMITED unlisted shares?
Step by Step process to buy Unlisted shares of ONE97 COMMUNICATIONS LIMITED is as under:
Step 1: A deal is proposed between unlisteddeal and buyer either on WhatsApp or over email.
Step 2: Buyer provides their client master copy for transfer of shares, PAN card copy, Aadhar card copy, and cancelled cheque. The deal gets confirmed once the documents provided are in order.
Step 3: Buyer transfers deal amount to bank account details provided by us and provide us with remitter name, bank account number, bank name, and UTR no. for the amount transferred to us.
Step 4: We shall transfer shares to the buyer account on the same day of receipt of funds and raise contract note.
See the Infographic flow to buy the shares
2. How to sell ONE97 COMMUNICATIONS shares?
Step by step process to sell Unlisted shares of ONE97 COMMUNICATIONS LIMITED unlisted shares is as under:
Step 1: A deal is proposed between unlisteddeal and seller either on WhatsApp or over email.
Step 2: Seller provides their client master copy, PAN card copy, Aadhar card copy, delivery instruction slip (DIS) copy and cancelled cheque copy. The deal gets confirmed once the documents provided are in order.
Step 3: Seller transfers shares to details provided to them by us.
Step 4: We shall make payment to the seller on the same day of receipt of shares.
See the Infographic flow to sell the shares