Paytm Financial Services Limited logo

Paytm Financial Services Limited

Financial services company providing loans, investments, and other financial activities with RBI approval.

2017 South Delhi, Delhi (India) Active

About

Basic Data Updated:

8 days ago

The business of other financial service activities is carried out by Paytm Financial Services Limited, as stated in their annual filings. The company had applied for in-principal approval from the Reserve Bank of India (RBI) to pursue non-banking financial activities business. PFSL was incorporated with the purpose of financing and investing in various forms, such as loans, working capital finance, project finance, and more. They have the authority to borrow, lend, or advance money, as well as subscribe to capital or securities. Additionally, they can provide guarantees or security for these loans and advances. PFSL also has the capability to arrange or provide financial and other facilities independently or in collaboration with other entities, including government bodies, financial inst... Read More

Industry

Company Details

  • Location

    South Delhi, Delhi, India

  • Website
    1222442
  • Telephone
    1222442
  • Email Address
    1222442
  • Social Media
    1222442
  • Apps
    1222442
CIN/LLPIN/FCRNU65999DL2017PLC315115
Company No.315115
Company ClassificationPublic Limited Indian Non-Government Company
Incorporation Date27 Mar 2017
Date of AGM08 Sep 2023
Date of Balance Sheet31 Mar 2023
Listing StatusUnlisted
ROC CodeRoc Delhi

Financials of Paytm Financial Services Limited

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Corporate Structure

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People in Paytm Financial Services Limited

Board Members(3)

Charges (Loans)

Charges

There are no open charges registered against the company as per our records.

Deals i

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Rating

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Alert

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Recent activity within the organization

  • Activity

    Annual General Meeting

    Paytm Financial Services Limited last Annual general meeting of members was held on 08 Sep 2023 as per latest MCA records.

    08 Sep 2023
  • Activity

    Balance Sheet

    Paytm Financial Services Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Delhi.

    31 Mar 2023
  • Activity

    Director Appointment

    Bhavesh Gupta was appointed as a Director was appointed as a Director on 22 Feb 2022 & has been associated with this company since 2 years 2 months .

    22 Feb 2022
  • Activity

    Director Appointment

    Rohit Lohia was appointed as a Director was appointed as a Director on 02 Dec 2019 & has been associated with this company since 4 years 4 months .

    02 Dec 2019
  • Activity

    Director Appointment

    Madhur Deora was appointed as a Director was appointed as a Director on 13 May 2019 & has been associated with this company since 4 years 11 months .

    13 May 2019

Recent News, Updates & Announcement

  • news
    PhonePe leads the pack of fintech players in 2023 backed by strong performance huge investments.

    American retail Walmarts fintech arm PhonePe has left behind new and old entrants to emerge as the highest profitmaker in the digital payments spaceThe Bengaluruheadquartered company in October reported a consolidated revenue of Rs 2914 crore in FY23 registering a 77 per cent growth over FY22 revenue of Rs 1646 crorePhonePe was in talks last week to raise 1 billion with 600 million infused by parent Walmart Founded in 2012 as part of Walmartacquired ecommerce company Flipkart PhonePe is valued at 127B as on Apr 12 2023 as per data aggregator TracxnIn comparison listed company Paytm had a tough year with recent layoffs on the back of AI and the RBI not having given them a greenlight for halted onboardings moreover imposing 539 crore penalty on Paytm Payments BankIn the lastdeclared quarter for September this year the company had reported a 32 per cent rise onyear in its revenue to Rs 25186 crore for Q2FY24In November Warren Buffetbacked Berkshire Hathaway Inc divested its entire 246 per cent stake in Paytms parent company One97 Communications for Rs 1371 crore through an open market transaction The company also saw Antfin cut its stake making Sharma the largest shareholder in the listed firmTroubled fintech BharatPe today released its FY23 financial results not revealing their losses or balance sheet despite a media queryAs per an official statement the company recorded a 182 per cent jump in revenue from operations in FY23 from Rs 321 Cr in FY22 to Rs 904 Cr in FY23 The company which turned EBITDA positive in November also shared that EBITDA losses decreased by approximately Rs 158 croreThe Reserve Bank of India this month greenflagged onboarding for platforms Razorpay and Cashfree as well as Mumbaibased fintech EnKash The 2018 company has facilitated the digitisation of 25 lakh businessesJoining the club of wins InCred became the second and probably the final platform to enter the Unicorn Club in 2023 after quickcommerce platform Zepto after their 60 million raiseRaising fresh funds worth Rs 499 crore in their Series D the fintech has an order book of Rs 7500 crore worth of loans in six years and a compound annual growth rate CAGR of over 50 per cent in the last three years.

    Republic World 26 Dec 2023

  • news
    Gemini Hires a Head Of Operations For Expansion In India The Crypto Times.

    Geminis Gurgaon branch wants to hire an additional 100 people by the end of 2023.

    The Crypto Times 10 Oct 2023

  • news
  • news
    Paytm CEOs Stake Purchase Boosts Stock Price by 12 Antfins Ownership Decreases.

    When Paytms CEO Vijay Shekhar Sharma bought a 1030 stake in the company the stock price went up by 12 This means he now owns 1942 of the company while Antfins ownership decreased to 135 No cash was involved in the transaction and Paytm will still be managed by Sharma This is good news for the company and its investors.

    Business Today 07 Aug 2023

  • news
    Paytm Founder Unveils Facial Recognition Payment Technology and Teases Future AI Disruption.

    When you can pay with your smile instead of swiping or scanning thanks to Paytms new facial recognition technology Vijay Shekhar Sharma founder of Paytm revealed this innovation at an industry event He also hinted at the next big disruption in payments artificial intelligence Despite pressure to improve the companys balance sheet Sharma believes profit is not the ultimate goal.

    Deccan Herald 20 Jul 2023

Frequently asked questions

What is the Incorporation or founding date of Paytm Financial Services Limited?

Paytm Financial Services Limited was incorporated 7 years 1 month ago on 27 Mar 2017 with Registrar of Companies Roc Delhi.

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