Description
Sector: Financial Services
Company Overview
Paytm is India’s leading financial services company that offers full-stack payments & financial solutions to consumers, offline merchants and online platforms. The company is on a mission to bring half a billion Indians into the mainstream economy through payments, commerce, banking, investments, and financial services. One97 Communications Limited that owns the brand Paytm is founded by Vijay Shekhar Sharma and is headquartered in Noida, Uttar Pradesh. Its investors include Softbank, Ant Financial, AGH Holdings, SAIF Partners, Berkshire Hathaway, T Rowe Price, and Discovery Capital. It’s wholly-owned subsidiary ‘Paytm Money’ has achieved the distinction of becoming India’s biggest investment platform within its first year, and is now one of the largest contributors of new Systematic Investment Plans (SIPs) to the Mutual Funds industry; it has already received approvals to launch Stock Broking, Demat Services and National Pension System (NPS) services, and strives to continue to broaden the financial services and wealth management opportunities to the unbanked and underserved Indians.
Performance Overview
The above chart shows the growth of Paytm Payments including UPI and Wallet from FY18 to FY20.
The above chart shows the consolidated Revenue of the company from FY18 to FY20.
The above chart shows the Profit Before Tax (PBT) of the company from FY18 to FY20.
The above chart shows the Profit After Tax (PAT) of the company from FY18 to FY20.
Key Highlights
- The company?s losses for the year on consolidated basis reduced from Rs. (2,942.36) crores in FY20 to Rs. (1,701.01) crores in FY21.
- The company?s losses for the year on standalone basis reduced from Rs. (2,833.18) crores in FY20 to Rs. (1,560.20) crores in FY21.
- The board of directors did not recommend any dividend for FY21.
