One 97 Communications Overview
Fundamentals of One 97 Communications
|P/E Ratio (TTM)||NA|
|Debt to Equity||0.02|
Financials of One 97 Communications
|Sep 2022||Dec 2022||Mar 2023||Jun 2023|
|Profit before tax||-557||-377.1||-168.2||-354|
|EPS in Rs||-9||-6||-3||-6|
About One 97 Communications
One 97 Communications Ltd was incorporated as 'One 97 Communications Private Limited' on 22 December 2000. Subsequently, name of the Company was changed to One 97 Communications Limited on 12 May 2010 ... . The Company serves as a digital ecosystem for consumers and merchants. The Company offers a digital payments platform for use cases such as money transfers, online and in-store merchant payments and bill payments. It offers commerce and cloud services, such as ticketing and advertising, technology led financial services such as loans, insurance and wealth management, offered through financial partners. During the year 2002-03, the company launched music messaging on mobiles. During the year 2003-04, they launched VAS on landline networks. Also, they launched voice based gaming. During the year 2004-05, the company launched interactive out-dialer services. During the next year, they launched subscription based content services. During the year 2006-07, the company launched enterprise services on the 3030 short code. During the year 2007-08, Oorja Mobile Services Pvt Ltd became the subsidiary of the company, which is engaged in the business of developing, designing, importing, exporting software products and services and developing and providing services in the field of e-commerce, web based or related technology and applications. During the year 2009-10, the company acquired shares in TenCube. Also, they expanded their international operations to Nigeria and Bangladesh. In November 16, 2009, the company set up a subsidiary company namely PayTM Mobile Solutions Pvt Ltd for providing business of m-commerce and e-commerce by enabling telecom operators and enterprise merchants to offer m-commerce and e-commerce services like mobile prepaid recharge, postpaid mobile bill payment, landline bill payment, movie ticketing, travel bookings, flower delivery, DVD rental, shopping, utility bill payment to subscribers. In the year 2010, the company launched their website www.paytmonline.com. They signed an MoU with SAIF for launch of One97 Mobility Fund, for investing in the mobile value added services sector. In May 11, 2010, the company was converted into public limited company and the name was changed to One97 Communications Ltd. In July 27, 2010, the company set up a subsidiary company, namely One97 Communications (Nigeria) Ltd for providing the value added services to mobile operators and other enterprise customers. The company intends to expand their geographic presence by leveraging their expertise and track record in offering products that address the needs of international networks and their subscribers as well as enterprises outside India. They intend to expand in South East Asia, Africa and a few pre-paid minutes dominated European markets. They plan to acquire companies to expand their presence internationally. As on 31 March 2021 ,the Company has 32 subsidiaries and 6 joint venture companies and 3 associate companies under its roof. During the month of November 2021,the company came out with an Rs 18300-crore public issue which is the largest ever IPO in Indian Capital Market history.The IPO offer comprised a fresh issue of equity shares amounting to Rs 8300 crore and the rest of Rs 10000 crore through offer for sale mode.The company offered IPO shares at a price of Rs 2150 per share including a premium of Rs 2149 per share.The allotted shares were listed on the BSE Ltd and National Stock Exchange of India Ltd on 18 November 2021. On August 30, 2021 and September 23, 2021, the Company transferred its Online Payment Aggregation Business to its wholly owned subsidiary company viz. Paytm Payments Services Limited, applied with RBI. During FY 2021-22, Admirable Software Limited, which incorporated on August 17, 2021, as a wholly owned subsidiary of Paytm Financial Services Limited (Associate Company of Paytm) has ceased to be subsidiary of the Company. During the year 2022-23, the Company launched Pocket and Music Soundbox 3.0 enabled by 4G technology device. It launched new technology platform that is built with 100% indigenous developed technology in March 2023. Read More
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What is the Share price of One 97 Communications (PAYTM)?
Can I buy One 97 Communications (PAYTM) shares?
How do I buy One 97 Communications (PAYTM) from Angel One?
- Direct investment: You can buy One 97 Communications (PAYTM) shares by opening a Demat account with Angel One.
- Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to One 97 Communications (PAYTM) shares.
What is the main business of Paytm?
The main business of Paytm, India’s top financial services provider, is to provides customers and offline retailers with full-stack payments and banking solutions. It charges merchants a transaction fee and customers a convenience fee to generate revenue. Paytm has its headquarters in Noida, India.
What is the total Asset of Paytm?
The total asset of Paytm is Rs. 16,357 Crores.
Who are the promoters of Paytm?
The promoters of Paytm includes Softbank, Ant Financial, AGH Holdings, Elevation Capital, Berkshire Hathaway, T Rowe Price, and Discovery Capital. The Paytm Payment Bank is owned by Vijay Shekhar Sharma, Founder & CEO of Paytm, and One97 Communications Limited.
What are the Subsidiaries that comes under Paytm?
The Indian subsidiaries that come under Paytm are Mobiquest Mobile Technologies Pvt. Ltd., One97 Communications India Ltd., Paytm Entertainment Ltd., Paytm Money Ltd., Paytm Payments Services Ltd., Wasteland Entertainment Pvt. Ltd., Paytm Services Pvt. Ltd., Paytm Insurance Broking Pvt. Ltd., Little Internet Pvt. Ltd., Nearbuy India Pvt. Ltd., Urja Money Pvt. Ltd., Fincollect Services Pvt. Ltd., Xceed IT Solutions Pvt. Ltd. and Paytm First Games Pvt. Ltd.