Company Research Report

1. Company Overview

Name and Mission of the Company

Name: Paytm (One 97 Communications Limited)

Mission: To bring 500 million unserved and underserved Indians to the mainstream economy through technology-led financial services.

Founders and Date of Establishment

Founded: December 22, 2000

Founder: Vijay Shekhar Sharma

Key People in the Company

Chairman, MD & CEO: Mr. Vijay Shekhar Sharma

Non-Executive Director: Mr. Ravi Chandra Adusumalli

Independent Directors: Mr. Rajeev Krishnamuralilal Agarwal, Mr. Ashit Ranjit Lilani, Mrs. Pallavi Shardul Shroff, Mr. Gopalasamudram S Sundararajan

ED, President & Group CFO: Mr. Madhur Deora

Headquarters

Corporate Office: One Skymark, Tower D, Plot No. H-10B, Sector-98, Noida–201304

Registered Office: First Floor, Devika Tower, Nehru Place, New Delhi - 110019

Number of Employees

No information is available.

Revenue

FY24 Revenue: ₹9,978 Crore

Company Recognition

Pioneer of mobile QR payments in India.

Known For:

Leading payments app in India.

Diverse scenarios for bill payments, mobile recharges, flight, and movie booking, etc.

2. Products

Product Offerings

Payment Instruments and Services

1. UPI Money Transfer: Direct bank account transfers.
2. Paytm Wallet: Prepaid digital wallet for seamless transactions.
3. Paytm Postpaid (BNPL): Buy-Now-Pay-Later service.
4. Personal Loans: Instant, digital personal loan disbursement.
5. Merchant Loans: Custom loans for businesses.

Financial Services

1. Insurance: Simplified insurance options.
2. Wealth Management: Investment services in mutual funds, stocks, and gold.

Commerce and Cloud Services

1. Travel & Ticketing: Offers flight, bus, and train tickets.
2. Event Ticketing: Book tickets for various events.
3. Loyalty Solutions: Deals and gift vouchers.
4. Cloud Services: Marketing and customer engagement solutions.
5. Paytm Co-branded Credit Cards:

Paytm HDFC Bank Select Credit Card

Paytm SBI Card SELECT

Devices

1. Soundbox: Enhances merchant payment acceptance and reconciliation.
2. POS Devices: Accept card and mobile payments for mid-sized and large retailers.
3. NFC Card Soundbox: Mobile QR payment device with card acceptance functionality.

Recent Initiatives

UPI Lite for low-value payments.

QR code, and Soundbox for merchant transactions.

Key Features

Seamless digital transactions across various platforms.

User-friendly interfaces and instant notifications.

Advanced security measures for secure transactions.

3. Recent Developments

Recent Company Developments

1. Q1 FY 2025 Earnings (19 Jul, 2024): Reports operating revenue of ₹1,502 Cr.
2. Q4 FY 2024 Earnings (22 May, 2024): Earnings release with improved financial metrics.

New Product Launches

1. NFC Card Soundbox (30 Jul, 2024):

Combines QR and card payment functionality.

2. Health Saathi Plan (3 Jul, 2024):

Affordable healthcare and income protection plans for ₹35 per month.

New Features Added

1. UPI Lite Wallet (May 2024):

Facilitates small value daily payments without PIN.

2. Improved Soundbox Devices (Apr 2024):

Enhanced sound quality and battery life.

Partnerships

1. Axis Bank: Offering POS solutions and EDC devices to merchants (23 Jul, 2024).
2. FlixBus (16 Jul, 2024): Partnership to expand distribution network.
3. Skyscanner, Google Flights, and Wego (24 Jun, 2024): Strengthening travel offerings.
4. Samsung (13 Jun, 2024): Bringing travel and entertainment services to Samsung Wallet.

Summary

Paytm is a robust player in India's digital payments space with a comprehensive suite of products and services. It maintains a strong growth trajectory through continuous innovation, strategic partnerships, and a focus on financial inclusion. The company's mission to integrate half-a-billion Indians into the mainstream economy underpins its diverse offerings and expansion strategies.