One 97 Communications Limited IPO : Issue Opens 8th Nov 2021
Incorporated in 2000, One 97 Communications Ltd is India's leading digital ecosystem for consumers as well as merchants. As of March 31, 2021, the company has a 333 million+ client base and 21 million+ registered merchants to whom it offers 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 now, it became India's largest payment platform and the most valuable payments brand with a total brand value of US$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. However, merchants can use the platform for advertising, online payment solutions, offering products to customers, and loyalty solutions.
Competitive strengths:
India's leading digital payment service platform.
Strong brand identity with a brand value of US$6.3 billion.
Large customer base with 333 million total customers, 114 million annual transacting users, and 21 million registered merchants.
Paytm Super-app to access a wide range of digital payment services over mobile phones.
Company Promoters:
Paytm is a professionally managed company with no identifiable promoters.
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