MOS Utility Ltd

MOS Utility Ltd was originally incorporated as 'MOS Utility Private Limited' on July 27, 2009 as a private limited company issued by RoC, Mumbai. The Company was converted into a public limited compan ... y and the name of Company was changed to 'MOS Utility Limited' vide a Fresh Certificate of Incorporation on August 03, 2022. The Company is one of the fastest growing Fintech Company, B2B E-commerce Company in India and promote the government's ongoing mission, 'Vocal for Local' to scale new heights in digital India. Its performance is backed by finest technology and operational platform. It provide a platform to agents who then facilitate booking of instant flight tickets, hotel booking, bus booking, recharge any mobile phone and DTH, digitally transfer money to any bank account, AEPS, Bill payments of electricity, telephone and insurance premiums and to Sell Travel, 2- Wheeler, 4-Wheeler and health insurance without any investment and by the agent just with the help of PC or Laptop with Internet connection. The Company organize business under 7 primary business segments, comprising of banking, travel, insurance, utility services, entertainment services, franchisee and other services. It is technology provider of digital products and services in the B2C, B2B and financial technology through an integrated business model via the online portal i.e. www.biz-solutionz.com. It provide courier franchise or authorise thier agents / distributor as Partner. As of September 30, 2022, Company had over 1,68,018 network partners which includes agents, distributors and master distributors for payment solutions, remittance, utility, travel and insurance products. As a part of business strategy on other business segment, the Company hived off their flight business unit together as a going concern on a slump sale basis, to E Trav Tech Private Limited (formerly known as Multilink Online Services Private Limited), which was executed through the said business transfer agreement on December 21, 2019, for an overall consideration of Rs 5 lakhs. The Company has come out with an Initial Public Offer in April, 2023 aggregating to 65,74,400 equity shares consisting of 57,74,400 Equity Shares through Fresh Issue and issuing 8,00,000 Equity Shares through Offer for Sale. Read More