Pine Labs

Noida, India Founded: 1998 • Age: 28 yrs Listed
Omnichannel payment solutions, loyalty programs, and business tools are provided.
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About Pine Labs

Pine Labs is a publicly listed company based in Noida (India) founded in 1998 by Lokvir Kapoor, Rajul Garg, and Tarun Upaday. Omnichannel payment solutions, loyalty programs, and business tools are provided. Pine Labs has raised $1.23 billion across 16 funding rounds from investors including Fidelity Investments, Mastercard and PayPal. The company has 38 employees. Pine Labs has completed 8 acquisitions, including Saluto, Mosambee and EduQfix. Pine Labs was last valued at $2.28 billion in July 2022. Its chief executive, as recorded, is Amrish Rau. Its website pinelabs.com draws about 522 thousand monthly visits. Its Indian entity Pine Labs Limited. reported revenue of ₹2,847 Cr. Pine Labs offers products and services including PoS Machine, Payment Gateway, Pay Later, and EMI Calculator. Its focus areas include FinTech, Payments, Business Payments and Diversified. Its competitors include Razorpay and Mintoak; 2 of its 2 listed competitors have raised funding.

Company details

Pine Labs was founded in 1998 and is headquartered in Noida, India, within the fintech sector. Omnichannel payment processing is facilitated for in-store and online transactions through debit cards, credit cards, BNPL options, and e-wallets. Loyalty programs, prepaid and gifting services, analytics tools, and working capital solutions are offered to merchants. Integrations with utility apps and a developer platform are supported for custom applications.

Recognitions & Rankings of Pine Labs

India's Most Valuable Companies 2023 edition · Source: Hurun India
Rank#165
Valuation
₹26,100 Cr
2022 #100 2021 #183
  • Headquarters Noida, India
  • Employees 38
  • Founders Lokvir Kapoor, Rajul Garg, Tarun Upaday
  • Stage Public
  • Sectors
    Financial Services
  • Website category Finance
  • Email
    ••••••••
  • Phone
    •••• ••••
  • Website pinelabs.com
  • Social LinkedIn X Facebook Instagram YouTube
  • Legal Name Pine Labs Ltd
Operational Areas
Financial Services → Payments & Remittance Platforms
Key Metrics
  • Market Cap
    ₹18,683 Cr

    PINELABS · NSE

  • Share Price
    ₹166.22

    +2.74% today

  • Revenue
    ₹2,711 Cr

    FY 2025-26 · +19.2% YoY

  • EBITDA
    ₹355 Cr

    Margin 13.1%

  • Net Profit
    ₹115 Cr

    FY 2025-26 · +200.5% YoY

  • P/E (TTM)
    115.3x

    P/B 3.1x

  • ROE
    2.3%

    ROCE 3.9%

  • Debt / Equity
    0.15

    Interest cover 99.2x

  • Total Equity Funding
    $1.23B (USD)

    in 16 rounds

  • Latest Funding Round
    $2.2M (USD), Unspecified

    Jul 2022

  • Investors
    Fidelity Investments

    & 90 more

  • Employee Count
    38
  • Investments & Acquisitions
    Saluto

    & 7 more

Products & Services of Pine Labs

Pine Labs offers a comprehensive portfolio of products and services, including PoS Machine, Payment Gateway, Pay Later, and EMI Calculator.

PoS Machine
Payment Terminal

Device for accepting in-store payments quickly

Payment Gateway
Online Processing

Platform for faster and simpler online transactions

Pay Later
Financing Service

Option for deferred payments on purchases

EMI Calculator
Financial Tool

Tool to compute installment plans for customers

Apps and channels of Pine Labs

its YouTube channel Pine Labs has 15.9K subscribers and 30 videos.

Pine Labs
YouTube 15.9K subscribers 30 videos Science & Technology
Open channel

Videos from Pine Labs

The most watched videos on Pine Labs's YouTube channel, Pine Labs (15.9K subscribers). Click a video to play it here.

Mini & Mini Pro: Connect to WiFi | English
10.9K views
Offer Cardless EMIs Easily Using Pine Labs PoS Terminal | Step-by-Step Guide
8.1K views
WiFi Setup Guide for Pine Labs Mini & Mini Pro in Hindi
4.6K views
Pine Labs Mini – Tap, Dip, Scan in One Device | Hindi Video
4.4K views

More on Pine Labs.

Funding Insights of Pine Labs

Pine Labs has successfully raised a total of $1.23B across 16 strategic funding rounds. The most recent funding activity was a Unspecified round of $2.2 million completed in July 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.

  • Total Funding $1.23B
  • Total Rounds 16
  • Last Round Unspecified — $2.2M
  • Investors Count 91

Latest 10 of 16 funding rounds of Pine Labs with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.

DateAmountTransaction NameValuationLead InvestorsInvestors
Jul 2022$2.2MUnspecified$2.28BFounders Global
Yeoh Chen Chow
Mar 2022$50MUnspecified$5.05BVitruvian Partners, Nordmann
PayPal, Actis
Jan 2022$150MUnspecified–Alpha Wave Global
–
Jan 2022$20MUnspecified–SBI
–
Jan 2022Series F––
Lightspeed Venture Partners
Sep 2021$100MUnspecified$•••••Invesco Mutual Fund, Invesco
–
Jul 2021$315MUnspecified$•••••Fidelity Investments, BlackRock
360 One, Ishana Capital
Apr 2021$285MUnspecified$•••••Smallcap World Fund, Peak XV Partners
Duro Capital, Marshall Wace
Dec 2020$41MUnspecified$•••••Lone Pine Capital
–
Jun 2020Series C––
Mastercard
Valuation history
DateValuationStage
Jul 2022$2.28B••••••••
Mar 2022$5.05B••••••••
Sep 2021$•••••••••••••
Jul 2021$•••••••••••••
Apr 2021$•••••••••••••
Dec 2020$•••••••••••••
Jan 2020$•••••••••••••
May 2018$•••••••••••••
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Full valuation and stage history of Pine Labs

Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.

  • All valuation points
  • Stage changes
  • Dates
  • Exports

Verified entity values are shown only after access is granted.

Last known valuation $2.28B (Jul 2022). 91 investors in total: 47 institutional and 44 angel.

Investors in Pine Labs

Pine Labs has secured backing from 91 investors, including institutional, angel, and venture fund investors. Prominent investors backing the company include Fidelity Investments, Mastercard and PayPal.

All
Venture Fund
Institutional
Angel
InvestorDescriptionFounded YearDomainLocation
Vitruvian Partners
Growth equity investments are directed toward expanding startups across sectors.
vitruvianpartners.comLondon, United Kingdom
Actis
Sustainable infrastructure projects are invested in for essential services.
1987act.isLondon, United Kingdom
Temasek
An investment platform is provided for diverse sectors and geographies.
1974temasek.com.sgSingapore, Singapore
Peak XV Partners
Venture capital firm investing in startups and providing support programs.
2000peakxv.comBengaluru, India
Alpha Wave Global
Venture capital firm focused on growth-stage companies
alphawaveglobal.comNew York, United States
Ishana Capital
Venture capital firm focused on multiple sectors
ishanacapital.comHong Kong, China
WFM Asia
Private equity investment firm
wfmasia.comHong Kong, China
Marshall Wace
Long-short equity strategies are managed through specialized hedge funds.
1997mwam.comLondon, United Kingdom
Lone Pine Capital
Long/short and long-only strategies are employed by the hedge fund.
lonepinecapital.comGreenwich, United States
Smallcap World Fund
Small-cap investments across multiple sectors are managed globally.
Los Angeles, United States
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Investor details for Pine Labs

The complete investor list, round-by-round participation and investor portfolios require an active premium plan.

  • Complete investor list
  • Round participation
  • Investor portfolios
  • Co-investor network

Verified entity values are shown only after access is granted.

Board of directors of Pine Labs Limited. (Pine Labs)

Pine Labs Limited. is the primary company behind Pine Labs. The board of Pine Labs Limited. currently have 6 directors; the longest-serving is Kush Mehra, appointed in 2018. 24 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Kush Mehra
DIN 08154941
Whole-time director29 Sep 20188 yrs 1 moPine Labs Limited.
Bairavarasu Amrish Rau
DIN 02008811
Managing Director24 Mar 20251 yr 7 moPine Labs Limited.
Maninder Singh Juneja
DIN 02680016
Director24 Mar 20251 yr 7 moPine Labs Limited.
Amrita Gangotra
DIN 08333492
Director24 Mar 20251 yr 7 moPine Labs Limited.
Smita Chandramani Kumar
DIN 10347292
Director24 Mar 20251 yr 7 moPine Labs Limited.
Shailendra Jit Singh
DIN 01930079
Director13 Jun 20251 yr 4 moPine Labs Limited.

People of Pine Labs

335 people are tracked at Pine Labs (146 in leadership, 189 in team); the tracked headcount is 38.

NameRoleGroup
Lokvir Kapoor
Co-FounderLeadership
Amrish Rau
CEOLeadership
Anand Kuppuswamy
Chief Product & Technology Officer - Issuing BusinessLeadership
Rajul Garg
FounderLeadership
Tarun Upaday
FounderLeadership
Marc Mathenz
CFOLeadership
Mahendar Karupotula
Regional Head-govt Business, North & WestLeadership
Mayank Vishnoi
DirectorLeadership
Pankaj Goswami
Associate Director - Strategic PartnershipsLeadership
Mansi Panjani
Associate Director, HRBP - Issuing Business (qwikcilver)Leadership
Aashish Gupta
Category HeadLeadership
Arpan Mahadani
Director - Key AccountsLeadership
Ujjwal Gupta
Director (product) - Pay LaterLeadership
Rupam Ghosal
Regional HeadLeadership
Nirupama Sridhar
Executive Vice President - HR Business Partnering, Issuing Business, Pine LabsLeadership
Vaishali Savla
Director- Client Engagement And Success-india Issuing BusinessLeadership
Jis Joy
Executive Vice PresidentLeadership
Saurabh Sharma
Chief Digital OfficerLeadership
Pradeep Adiga
Executive Vice PresidentLeadership
Siva Kumar
Executive Vice President - Issuance BusinessLeadership

315 more people are available in the full profile.

Premium access

Complete people profiles for Pine Labs

Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.

  • Full employee list
  • Team structure
  • Board tenure
  • Professional contacts

Verified entity values are shown only after access is granted.

IPO & Listings of Pine Labs

Pine Labs is a publicly listed company on the NSE with ticker symbol PINELABS in India, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • IPO date14 Nov 2025
  • Listed onBSE: 544606 · NSE: PINELABS
  • Listed entityPINE LABS LTD
  • Exchange sectorTechnology services
  • ISININE15B701018
  • Share price₹165.40 (+0.04% on the day) · 2026-10-14
  • Market capitalisation₹19,094 Cr
  • Price to earnings150.2
  • EPS (diluted, trailing year)₹1.10
  • Volume (last session)5,225,856

Financials of Pine Labs

Exchange-reported figures of Pine Labs Limited., the listed company behind Pine Labs (NSE: PINELABS).

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹2,711 Cr
+19.2% YoY
EBITDA
₹355 Cr
+95.2% YoY
Profit After Tax
₹115 Cr
+200.5% YoY
Net Worth
₹5,895 Cr
+68.1% YoY
Total Assets
₹6,414 Cr
+41.0% YoY
Total Debt
₹441 Cr
-54.6% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue2,7112,2741,7701,598932670848
Revenue growth+19.2%+28.5%+10.8%+71.4%+39.2%-21.0%-
EBITDA355182(24.96)(31.48)11211087.08
EBITDA margin+13.1%+8.0%-1.4%-2.0%+12.1%+16.4%+10.3%
Profit before tax137(136)(398)(289)(74.51)(74.10)(67.93)
Net profit115(114)(343)(230)(24.37)(56.00)(47.11)
Net profit margin+4.2%-5.0%-19.4%-14.4%-2.6%-8.4%-5.6%
EPS (₹)0.98(1,515.49)(3,561.49)(16,571.56)(1.67)(4.34)(3.95)
Balance sheet
Total assets6,4144,5484,2834,4382,2411,4541,304
Net worth5,8953,5063,5423,7391,9131,1911,047
Total debt441970654438236191176
Cash & bank8,2266,0335,2355,1203,7732,5631,770
Net working capital4,0112,0911,7651,75571226693.90
Cash flow
Cash from operations39549.72(229)(152)(78.85)11110.57
Cash from investing(1,339)(159)(22.13)(441)(443)(260)112
Cash from financing1,972(201)(220)2.341,6448231,431
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue806737701744650616599602
Revenue growth (YoY)+24.1%+19.7%+17.0%+23.7%+17.8%+17.9%--
Other income25.5528.9549.8635.4523.0137.1711.916.35
EBITDA12694.8910612075.2944.6556.6040.34
EBITDA margin+15.6%+12.9%+15.2%+16.1%+11.6%+7.2%+9.5%+6.7%
Depreciation75.9273.3070.8968.1365.8765.2469.2076.25
Interest14.2112.8116.9524.4921.2721.4221.5221.66
Profit before tax61.3737.7368.4162.5511.16(4.84)(22.21)(51.22)
Tax22.8018.169.0520.165.19(9.63)6.705.45
Net profit38.5719.5759.3642.395.974.79(28.91)(56.67)
EPS (₹)0.330.170.510.380.060.05(0.28)(0.57)
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue1,9261,5971,3331,281932650664
Revenue growth+20.6%+19.8%+4.1%+37.4%+43.4%-2.2%-
EBITDA27417710415111297.7057.88
EBITDA margin+14.2%+11.1%+7.8%+11.8%+12.1%+15.0%+8.7%
Profit before tax17936.12(240)(74.67)(74.46)(74.08)(45.57)
Net profit152(2.38)(189)(58.74)(24.32)(59.18)(33.15)
Net profit margin+7.9%-0.2%-14.1%-4.6%-2.6%-9.1%-5.0%
EPS (₹)1.31280.20(2.23)(4.02)(1.67)(4.34)(2.78)
Balance sheet
Total assets6,7854,8492,6882,6432,2411,4551,262
Net worth6,3583,9392,0452,1841,9131,1911,060
Total debt371848575390236191147
Cash & bank8,0715,8994,8384,4173,7732,563155
Net working capital3,6831,9741,13695171226618.53
Cash flow
Cash from operations49011.15(33.99)(38.04)(78.87)10999.74
Cash from investing(1,535)(161)(36.95)(261)(443)(256)(973)
Cash from financing1,985(195)(79.06)9351,644823893
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue607535515548435427416432
Revenue growth (YoY)+39.6%+25.2%+24.0%+27.1%+15.3%+14.6%--
Other income49.3148.0165.3350.4221.1743.8961.9134.88
Total expenses513460426456394390365370
EBITDA94.5875.4589.3492.8540.8437.5351.0261.43
EBITDA margin+15.6%+14.1%+17.3%+16.9%+9.4%+8.8%+12.3%+14.2%
Depreciation56.0654.4951.3148.4846.7245.7049.4454.73
Interest11.8810.4313.5219.8318.2918.7519.1819.47
Profit before tax75.9558.5489.8474.96(3.00)16.9744.3122.11
Tax19.2214.8822.5518.33(0.80)(11.19)6.606.88

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 11 Nov 2026
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue806737701744650616599602
Revenue growth (YoY)+24.1%+19.7%+17.0%+23.7%+17.8%+17.9%--
Other income25.5528.9549.8635.4523.0137.1711.916.35
EBITDA12694.8910612075.2944.6556.6040.34
EBITDA margin+15.6%+12.9%+15.2%+16.1%+11.6%+7.2%+9.5%+6.7%
Depreciation75.9273.3070.8968.1365.8765.2469.2076.25
Interest14.2112.8116.9524.4921.2721.4221.5221.66
Profit before tax61.3737.7368.4162.5511.16(4.84)(22.21)(51.22)
Tax22.8018.169.0520.165.19(9.63)6.705.45
Net profit38.5719.5759.3642.395.974.79(28.91)(56.67)
EPS (₹)0.330.170.510.380.060.05(0.28)(0.57)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue2,7112,2741,7701,598932670848
Revenue growth+19.2%+28.5%+10.8%+71.4%+39.2%-21.0%-
Other income13752.8254.6192.7825.4913.4717.72
Total expenses2,3562,0921,7951,629820560761
Employee cost1,069984887895448311283
EBITDA355182(24.96)(31.48)11211087.08
EBITDA margin+13.1%+8.0%-1.4%-2.0%+12.1%+16.4%+10.3%
Depreciation270292363315189175155
Interest84.1378.9664.4635.7323.6722.1917.96
Profit before tax137(136)(398)(289)(74.51)(74.10)(67.93)
Tax24.779.10(55.66)(24.31)(51.89)(18.25)(20.67)
Net profit115(114)(343)(230)(24.37)(56.00)(47.11)
Net profit margin+4.2%-5.0%-19.4%-14.4%-2.6%-8.4%-5.6%
EPS (₹)0.98(1,515.49)(3,561.49)(16,571.56)(1.67)(4.34)(3.95)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital11575.4875.4875.4013.5312.8711.98
Reserves & surplus5,7813,4033,4433,6401,7461,1781,035
Shareholders' funds (net worth)5,8953,5063,5423,7391,9131,1911,047
Minority interest0.000.000.000.000.000.000.00
Secured loans283829533330236189126
Unsecured loans1581411211090.321.5050.69
Total debt441970654438236191176
Total liabilities6,4144,5484,2834,4382,2411,4541,304
Assets
Gross block3,2652,9973,0393,0281,5501,3491,239
Net block1,8561,8251,9202,1031,0199801,017
Capital work in progress14816022226912247.7752.28
Investments27.8730.2021.2917.7749.5634.4040.18
Inventories31.8530.1028.0039.8711.763.553.27
Sundry debtors1,042845652589296360214
Cash & bank balances8,2266,0335,2355,1203,7732,5631,770
Loans & advances1,5841,3331,185885650451252
Total current assets10,8848,2417,1006,6344,7323,3782,239
Total current liabilities6,8746,1505,3354,8804,0193,1122,145
Net working capital4,0112,0911,7651,75571226693.90
Total assets6,4144,5484,2834,4382,2411,4541,304
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash2455561,0261,5472,3071,63278.99
Net cash from operating activities39549.72(229)(152)(78.85)11110.57
Net cash from investing activities(1,339)(159)(22.13)(441)(443)(260)112
Net cash from financing activities1,972(201)(220)2.341,6448231,431
Net change in cash1,029(310)(471)(591)1,1226741,554
Closing cash8,2266,0335,2355,1203,7732,5631,770
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+19.2%+28.5%+10.8%+71.4%+39.2%-21.0%-
EBITDA growth+95.2%+828.5%+20.7%-128.0%+2.4%+26.0%-
PBT growth+9998.0%+65.7%-37.4%-288.5%-0.6%-9.1%+9997.0%
Net income growth+200.5%+66.8%-49.0%-845.2%+56.5%-18.9%-
Revenue CAGR (3Y)+19.3%+34.6%+38.2%+23.5%---
EBITDA CAGR (3Y)-+17.4%-----
Profitability & leverage
Net income margin+4.2%-6.4%-19.3%-16.6%-2.4%-8.3%-5.6%
Return on capital employed+3.9%0.0%0.0%0.0%0.0%0.0%0.0%
Return on net worth+2.3%0.0%0.0%0.0%0.0%0.0%0.0%
Debt / equity0.150.230.150.120.140.160.17
Long-term debt / equity0.030.050.070.060.060.090.09
Interest cover99.15-71.62-16.62-10.31-31.01-33.94-26.53
Efficiency & per share
Fixed asset turnover0.870.750.580.700.640.520.68
Inventory turnover87.5178.2952.1561.89121.79196.46259.24
Debtors turnover2.873.042.853.612.842.333.96
EPS (₹)0.98(1,454.90)(3,561.49)(16,571.56)(1.67)(4.34)(3.95)
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)51.3434,035.9035,862.742,27,510.50130.0992.5587.44
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue607535515548435427416432
Revenue growth (YoY)+39.6%+25.2%+24.0%+27.1%+15.3%+14.6%--
Other income49.3148.0165.3350.4221.1743.8961.9134.88
Total expenses513460426456394390365370
EBITDA94.5875.4589.3492.8540.8437.5351.0261.43
EBITDA margin+15.6%+14.1%+17.3%+16.9%+9.4%+8.8%+12.3%+14.2%
Depreciation56.0654.4951.3148.4846.7245.7049.4454.73
Interest11.8810.4313.5219.8318.2918.7519.1819.47
Profit before tax75.9558.5489.8474.96(3.00)16.9744.3122.11
Tax19.2214.8822.5518.33(0.80)(11.19)6.606.88
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue1,9261,5971,3331,281932650664
Revenue growth+20.6%+19.8%+4.1%+37.4%+43.4%-2.2%-
Other income17214341.6446.9825.4933.1714.51
Total expenses1,6521,4211,2301,130820552607
Employee cost753729625607448306213
EBITDA27417710415111297.7057.88
EBITDA margin+14.2%+11.1%+7.8%+11.8%+12.1%+15.0%+8.7%
Depreciation197213328239189183102
Interest70.3970.5057.6233.5323.6722.1616.06
Profit before tax17936.12(240)(74.67)(74.46)(74.08)(45.57)
Tax28.898.10(53.00)(18.56)(51.89)(18.25)(12.27)
Net profit152(2.38)(189)(58.74)(24.32)(59.18)(33.15)
Net profit margin+7.9%-0.2%-14.1%-4.6%-2.6%-9.1%-5.0%
EPS (₹)1.31280.20(2.23)(4.02)(1.67)(4.34)(2.78)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital11575.4884.0013.9613.5312.8711.98
Reserves & surplus6,2433,8361,9612,1711,7471,1781,048
Shareholders' funds (net worth)6,3583,9392,0452,1841,9131,1911,060
Secured loans25173147730723618995.89
Unsecured loans11911897.9183.030.321.5050.69
Total debt371848575390236191147
Total liabilities6,7854,8492,6882,6432,2411,4551,262
Assets
Gross block1,9221,7301,8131,8741,5501,349497
Net block9779429851,1151,019980328
Capital work in progress82.5813420125112247.7752.28
Investments1,7461,42016.3912.7849.5734.41761
Inventories19.9515.1522.7320.8811.763.553.27
Sundry debtors82266550448129636097.62
Cash & bank balances8,0715,8994,8384,4173,7732,563155
Loans & advances1,4631,324986793650451184
Total current assets10,3777,9036,3515,7124,7323,378440
Total current liabilities6,6945,9295,2154,7614,0193,112422
Net working capital3,6831,9741,13695171226618.53
Total assets6,7854,8492,6882,6432,2411,4551,262
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash2065513913,4282,3071,63078.99
Net cash from operating activities49011.15(33.99)(38.04)(78.87)10999.74
Net cash from investing activities(1,535)(161)(36.95)(261)(443)(256)(973)
Net cash from financing activities1,985(195)(79.06)9351,644823893
Net change in cash940(345)(150)6351,12267619.49
Closing cash8,0715,8994,8384,4173,7732,563155
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+20.6%+19.8%+4.1%+37.4%+43.4%-2.2%-
EBITDA growth+54.8%+70.7%-31.2%+34.0%+15.1%+68.8%-
PBT growth+394.9%+9998.0%-221.6%-0.3%-0.5%-62.6%+9997.0%
Net income growth+6465.6%+98.7%-220.9%-141.5%+58.9%-78.5%-
Revenue CAGR (3Y)+14.6%+19.7%+27.1%+24.5%---
EBITDA CAGR (3Y)+22.0%+16.3%+2.0%+37.5%---
Profitability & leverage
Net income margin+7.8%+1.8%-14.0%-4.4%-2.4%-8.6%-5.0%
Return on capital employed+3.1%+1.4%0.0%0.0%0.0%0.0%0.0%
Return on net worth+2.0%-0.1%0.0%0.0%0.0%0.0%0.0%
Debt / equity0.120.240.230.150.140.150.14
Long-term debt / equity0.020.060.100.080.060.090.09
Interest cover91.57-192.36-25.70-38.05-31.03-26.04-36.48
Efficiency & per share
Fixed asset turnover1.060.900.720.750.640.701.34
Inventory turnover109.7584.3461.1478.46121.79190.60203.18
Debtors turnover2.592.732.713.302.842.846.81
EPS (₹)1.31280.20(2.23)(4.02)(1.67)(4.34)(2.78)
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)55.3738,362.5024.34156.48130.1092.5588.51

Investments & Acquisitions by Pine Labs

Pine Labs has strategically engaged in corporate development activities, having acquired 8 companies. Notable acquisitions include Saluto, Mosambee and EduQfix.

Acquisitions
Company NameDescriptionDomainLocationFoundedAcquiredAmount
Shopflo
Provider of checkout suite solutions for e-tailers
shopflo.comDelhi, India2021Apr 2026$9.34M
Saluto
Branding services are provided by Saluto in Bengaluru, India.
saluto.inBengaluru, India2017Jan 2023••••
Mosambee
EMV-enabled mPOS solutions are offered for card transaction acceptance.
mosambee.comMumbai, India2011Apr 2022••••
EduQfix
Fee management and collection solutions are offered for schools.
eduqfix.comMumbai, India2015Feb 2022••••
Qfix
A digital platform is provided for community commerce solutions.
qfixinfo.comMumbai, India2015Feb 2022••••
FaveBiz
App-based QR payment solutions are offered for consumer transactions.
favebiz.comKuala Lumpur, Malaysia2016Apr 2021$45M
Fave
A lifestyle app for deals and payments in Asia.
myfave.comKuala Lumpur, Malaysia2015Apr 2021$45M
QwikCilver
Gift card and store value solutions are provided to businesses.
qwikcilver.comBengaluru, India2008Mar 2019$110M
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Timeline of Pine Labs

15 dated milestones of Pine Labs across 28 years, from founding to its latest funding, stage changes and deals.

  1. Founded Pine Labs is founded.
  2. Funding First funding round.
  3. Milestone Reaches Minicorn status.
  4. Milestone Reaches Soonicorn status.
  5. Acquisition Acquires QwikCilver.
  6. Milestone Reaches Unicorn status.
  7. Acquisition Acquires FaveBiz.
  8. Acquisition Acquires Fave.
  9. Acquisition Acquires EduQfix.
  10. Acquisition Acquires QFix.
  11. Acquisition Acquires Mosambee.
  12. Funding Latest funding round, Unspecified, of $2.2M.
  13. Acquisition Acquires Saluto.
  14. IPO Lists on the stock exchange (IPO).
  15. Acquisition Acquires Shopflo.

Competitors of Pine Labs

Pine Labs has 2 listed competitors in our database, 2 of them funded. They include Razorpay and Mintoak.

Company NameDomainFoundedHQ LocationTotal fundingEmployeesDescription
Razorpay
razorpay.com2014Bengaluru, India$741.62M2,641
Payment and business banking solutions are provided for enterprises.
Mintoak
mintoak.com2017Mumbai, India$24.71M140
Digital payments and engagement solutions are offered for MSMEs.
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Detailed competitors of Pine Labs

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Web traffic of Pine Labs

The website of Pine Labs (pinelabs.com) receives about 522.2K visits a month and ranks #90,704 among all websites worldwide, #5,706 in Finance.

  • Monthly visits
    522.2K
  • Unique visitors
    127.7K

    per month

  • Global rank
    #90,704

    among all websites

  • Category rank
    #5,706

    Finance · Finance

Similar websites

Websites whose visitors overlap most with Pine Labs. Affinity shows how closely the audiences match.

WebsiteDomainAudience affinityMonthly visitsGlobal rankProfile
Razorpay
razorpay.com
100%
34.9M#1,536View details
AuthBridge
authbridge.com
89%
230.8K#155,519View details
Easebuzz
easebuzz.in
69%
4.8M#13,674View details
samsungsmartclub.in
samsungsmartclub.in
68%
–
PayU
payu.in
66%
#1,913View details
••••••••••••••••.com••%•.•M#•••••–
••••••••••••••••.com••%•.•M#•••••–
••••••••••••••••.com••%•.•M#•••••–
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  • Traffic by brand

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Top companies in Payments & Remittance Platforms

3 companies that operate in the same segment as Pine Labs (Payments & Remittance Platforms) in India, ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Paytm
Digital payments, financial services, and e-commerce platforms are provided.
2000Noida, Uttar Pradesh, IndiaUSD 2.81 BUSD 1.05 B39,368
PhonePe
Payment, financial, investment, and lending services are provided digitally.
2012Bengaluru, Karnataka, IndiaUSD 1.71 BUSD 950.07 M12,265
Razorpay
Payment and business banking solutions are provided for enterprises.
2014Bengaluru, Karnataka, IndiaUSD 741.62 MUSD 302.19 M2,850
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Related news about Pine Labs

PINELABS: Q2 EBITDA 945M RUPEES VS 408M (YOY); Q2 EBITDA MARGIN 15.6% VS 9.4% (YOY)
Exchange Update • 13 days ago
PINELABS: Q2 REVENUE 6B RUPEES VS 4.35B (YOY
Exchange Update • 13 days ago
Pinelabs: Co Targets 21-23% Revenue Growth While Maintaining 20%+ EBITDA Margins
Exchange Update • 13 days ago
Pine Labs launches unified payments platform in Singapore
The Paypers • 1 month ago
Mid-cap stocks: These mid-caps have ‘strong buy’ & ‘buy’ recos and an upside potential of over 25%, according to analysts - The Economic Times
Economic Times • 1 month ago
Pine Labs Extends Technology Partnership with Woolworths Group for Gift Card Programs
Retail Technology Innovation Hub • 1 month ago
Pine Labs: Extends Five-Year Tech Partnership With Woolworths Group
Exchange Update • 1 month ago
Pine Labs Rolls Out Digital Payment Soundboxes in Rural India to Enhance Transactions
Fintechinshorts • 1 month ago
Pine Labs partners with Google to deploy Gemini AI agents for Indian merchants
The Tribune • 1 month ago
Pine Labs: Company Plans to Introduce 1 Million Soundboxes Across India for Digital Commerce Growth
Exchange Update • 1 month ago
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Articles about Pine Labs on our blog

Frequently Asked Questions about Pine Labs

Pine Labs was founded in 1998 and raised its 1st funding round 11 years after it was founded.

Pine Labs is headquartered in Noida, India. It is registered at Noida, Uttar Pradesh, India.

Amrish Rau is the CEO of Pine Labs, as recorded in our data.

Pine Labs is a funded company, having raised a total of $1.23B across 16 funding rounds to date.

Pine Labs has 38 employees.

The primary company behind Pine Labs, Pine Labs Limited., reported revenue of ₹2,847 Cr for FY 2026, up 19% year on year.

Pine Labs was founded in 1998 and is headquartered in Noida, India, within the fintech sector. Omnichannel payment processing is facilitated for in-store and online transactions through debit cards, credit cards, BNPL options, and e-wallets. Loyalty programs, prepaid and gifting services, analytics tools, and working capital solutions are offered to merchants. Integrations with utility apps and a developer platform are supported for custom applications.

Pine Labs's top competitors include Razorpay and Mintoak.

Pine Labs offers PoS Machine, Payment Gateway, Pay Later, and EMI Calculator.

Yes, Pine Labs is publicly traded on NSE under the ticker symbol PINELABS.

Pine Labs has made 8 acquisitions, including Saluto, Mosambee, and EduQfix.

Pine Labs has 91 investors. Key investors include Fidelity Investments, Mastercard, PayPal, HSBC, and DBS Bank.

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