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KRChoksey IPO Report
One 97 Communications Ltd., incorporated in 2000, is India's leading digital ecosystem for merchants and consumers. As of FY 2021, the company had a 333 million+ client base and more than 21 million registered merchants who use its payment services, financial services, and commerce and cloud services.
In 2009, the company launched the first digital mobile payment platform, "Paytm App" to offer cashless payment services to customers and currently it is India's largest, most versatile and trusted payment platform.
It is also the most valuable payments brand with a total brand of $6.3 billion as per Kantar BrandZ India 2020 Report.
The app enables customers to do cashless transactions at stores, top-up mobile phones, online money transfers, pay bills, access digital banking services, purchase tickets, play games online, buy insurance, make investments, and more. Merchants can use the platform for advertising, online payment solutions, offering products to customers, and loyalty solutions.
The company derives its revenues from 4 broad business segments;
1. Payment Services
2. Financial Services
3. Commerce Services
4. Cloud Services
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