|COMPANY NAME||FINO PAYTECH LTD|
|NATURE OF BUSINESS||ONLINE PAYMENT SERVICE PROVIDER|
|PROMOTERS||Rishi Gupta, MD & CEO|
- Financial Highlights & Performance
The summarized standalone and consolidated financial results of the Company for the
financial year ended March 31, 2021 as compared to the previous year are as under:
The net revenue of the Company was Rs.2,233.86 lakhs as against Rs. 6,414.21 lakhs
in the previous year. The loss before tax was Rs. 1548.62 lakhs as against Rs. 839.26/-
lakhs profit in the previous year.
Bharat Petroleum Corporation Limited‟s (BPCL) investment in the Company is 23.03%
(as on 31st March, 2021), therefore your Company is an Associate Company of the
- Payment of Dividend
In view of the loss for the year ended, the Directors do not recommend any dividend
on the equity shares of the Company for the financial year ended March 31, 2021.
FinoPaytech, founded on July 13, 2006, is headquartered at Mumbai, with offices across India. It is a business and banking technology platform combined with an extensive services delivery channel, whose vision is to fulfill every financial service need of its customers, and thus become their universally preferred choice.
FinoPaytech is an institutional investor-driven company owned by international and Indian investors. The company has emerged as a thought leader, innovator and implementer of technology solutions for institutions like banks, micro-finance institutions, government entities and insurance companies. As an alternate banking channel, FinoPaytech enables seamless end-to-end customer sourcing and servicing.
FINO PayTech Limited is an Indian financial inclusion solutions and services company, formed in 2006. It is promoted by 24 Public and Private sector banks including the ICICI Bank, and insurance companies like the Life Insurance Corporation of India, ICICI Lombard and ICICI Prudential. It is also promoted by the International Finance Since its inception, FinoPaytech has been a leading player in the field of designing and developing relevant technologies for the rural market. The technology solutions developed in-house by FinoPaytech are robust, cost-effective, and can be fully customised in line with the specific requirements of the clients and the industry. In addition, they are suitable to operate in a typical rural environment having setbacks like irregular power supply and connectivity problems. This ensures uninterrupted business continuity.
In past eight years, we have not only perfected our ultra-light CBS and cashless payment system of hospital claims of the RSBY, but we have also come up with a higher number of varied offerings. We have achieved this by sensing the exact pulse of the market.The company offers technology IP and services to enable financial Information. The company serves its client companies through invention, innovation and implementation of integrated biometric or smart card technology for institutions like banks, microfinance institutions, government entities, insurance companies to enable financially inclusive environment for the micro customers especially in rural areas.