10/3/2023 0 Comments Paytm india iposinghtechcrunchTo every Paytmer, you’ve changed India for good. "From coal to a fintech, in 11 years-India has transformed. When the IPO opened, Sharma visited the Tirupati temple and tweeted that the visit was to “seek blessing of God for all of the Paytm family.” Today he tweeted on Paytm being the country's largest IPO after Coal India. He posts regularly on Twitter on a variety of subjects, ranging from global wealth to the Japanese economy. Digital payments giant Paytm, one of India’s most valuable startups, plans to raise up to 2. Sharma is active on social media and has 517,000 Twitter followers. Indian digital payments giant Paytm files for 2.2 billion IPO. Thereafter, it attracted a slew of marquee investments from the richest billionaires across the globe, including Warren Buffett, Jack Ma and Masayoshi Son. Paytm benefited immensely from India’s 2016 demonetization, which voided 86% of the country’s currency. He still remains CEO and oversees engineering, design and marketing at the company. In 2009, he rolled out Paytm as a payment service for prepaid phone users to top up their mobile accounts and to shop using their bank accounts or credit cards. Sharma, 43, who studied electronics and communications at the Delhi College of Engineering, started One97 Communications in 2000 as a service provider for telecom operators. Digital payments firm Paytm is planning to raise as much as 166 billion rupees (2.2 billion) in an initial public offering in Mumbai, according to a draft prospectus filed on Friday. MORE FROM FORBES Beauty Retailer Nykaa Lists At $13 Billion, Making Founder Falguni Nayar India's Richest Self-Made Woman By Anu Raghunathan This star turn made Nykaa founder Falguni Nayar the richest self-made woman in India with a net worth of $7 billion. Paytm’s tepid IPO is in stark contrast to the stellar stockmarket debut of cosmetics and fashion player Nykaa, which was subscribed 82 times and listed at a hefty 79% premium. With its presence in a large number of allied financial services, it (Paytm) has been successful in becoming the largest player in terms of. In fiscal 2019 it registered a loss of $612 million (42.3 billion rupees) against revenue of $518 million (35.8 billion rupees). Paytm has created several funnels for revenue growth, whether it is through the still booming online population of India or the expansive offline merchant base, we are the go-to platform for all. In fiscal 2020, it reported a net loss of $390 million (29.4 billion rupees) on revenue of $470 million (35.4 billion rupees). It reported a loss of $231 million (17 billion rupees) for fiscal 2021 against revenue of $434 million (31.9 billion rupees). You are advised to exercise caution, discretion and independent judgment with regards to the same and seek advice from professionals and certified experts before taking any decisions.īy using this site, you agree to the Terms of Service and Privacy Policy.MORE FROM FORBES India's 100 Richest 2021: Collective Wealth Skyrockets To Record High Of $775 Billion By Naazneen Karmali The content and any output of such tools/analysis is for informational purposes only and should not be relied upon or construed as an investment advice or guarantee for any specific performance/returns advice or considered as recommendation for the purchase or sale of any security or investment. All timestamps are reflected in IST (Indian Standard Time).ĭISCLAIMER: Any and all content on this website including tools/analysis is provided to you only for convenience and on an “as-is, as- available” basis without representation and warranties of any kind. Sensex & BSE Quotes and Nifty & NSE Quotes are real-time and licensed from BSE and NSE respectively. (for corporate data, historical price & volume, F&O data). As on 31-03-2023, the company has a total of 63.38 Crore shares outstanding.ĭATA SOURCES: TickerPlant (for live BSE/NSE quotes service) and Dion Global Solutions Ltd. Company has Price Waterhouse Chartered Accountants LLP as its auditors. The company’s top management includes Mr.Vijay Shekhar Sharma, Mr.Ravi Chandra Adusumalli, Mr.Ashit Lilani, Mr.Gopalasamudram Srinivasaraghavan Sundararajan, Mr.Neeraj Arora, Ms.Pallavi Shardul Shroff, Mr.Madhur Deora, Mr.Madhur Deora, Mr.Sunil Kumar Bansal. 2 days ago &0183 &32 The soundbox provides instant audio alerts on amounts paid to merchants through an inbuilt speaker. Company has reported net profit after tax of Rs -340.30 Crore in latest quarter. 02 % from last quarter Total Income of Rs 2,464.60 Crore and up 38.31 % from last year same quarter Total Income of Rs 1,781.60 Crore. For the quarter ended 30-06-2023, the company has reported a Consolidated Total Income of Rs 2,464.20 Crore, down. key Products/Revenue Segments include Sale of services and Other Operating Revenue for the year ending 3. One97 Communications Ltd., incorporated in the year 2000, is a Small Cap company (having a market cap of Rs 57,383.19 Crore) operating in Services sector.
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