One97 Communications Ltd – Paytm Unlisted Shares Details:

About Paytm:

The Company was incorporated on 22^nd 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 bill payments, Insurance, Hotel booking services, etc. They got a real boost in their sales during demonetization in 2016.

Paytm is India’s payments company that offers multi – source and multi destination payment solutions. It offers comprehensive payment solutions to over 8 million merchants and allows consumers to make payments from any bank account to any bank account at 0% fee.

Owned by India’s largest mobile – internet firm One97 Communications, Paytm was founded by Vijay Shekhar Sharma and is headquartered in the National Capital Region India. Its investors include Soft Bank, SAIF Partners, Alibaba Group and Ant Financial.

Further Details:

Ø  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.

Ø  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 in a better turnover in the 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, Payment Banking services, etc.

Ø  Foreign investment or collaboration: The Company has received Foreign Direct Investment under FDI guidelines. In 2018 – 2019, out of total paid – up capital, 83.04% (approx.) is held by Foreign investors under the Foreign Direct Investment scheme of RBI. Further, the Company has the following wholly – owned subsidiaries and joint ventures overseas:

Name of the Entity	Status	Country
ONE97 COMMUNICATIONS SINGAPORE PRIVATE LIMITED	WHOLLY OWNED SUBSIDAIRY	SINGAPORE
ONE97 COMMUNICATIONS NIGERIA LIMITED	WHOLLY OWNED SUBSIDAIRY	NIGERIA
ONE97 USA INC.	WHOLLY OWNED SUBSIDAIRY	USA
ONE97 COMMUNICATIONS FZ – LLC	WHOLLY OWNED SUBSIDAIRY	DUBAI
CIQUAL LIMITED	JOINT VENTURE	UK

Financials of Paytm Unlisted Shares:

Consolidated Financial Results of Paytm (Fig. in Crores)