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Fino Paytech Limited Unlisted Shares

Fino Paytech Limited Unlisted Shares Description

Fino Paytech Limited Unlisted Shares Overview

Fino Paytech was founded in July 2006 and has its headquarters in Mumbai. The company’s vision is to fulfill every financial need of its customers. They specialize in business and banking technology platforms combined with extensive service delivery channels. The company has over 78 million customers which makes it the largest smart card issuer through the branchless model.

Unlisted Shares Details- FY 2020

Company Name Fino Paytech Limited
Unlisted Shares Price See deals below
Face Value of Shares Rs 10/equity share
ISIN INE511I01011
Lot Size 100-500 Shares

Solutions and Services

Fino Paytech has developed solutions and services to serve its customers.

It offers services to beneficiaries in some of the most remote regions of the country on behalf of its customers. Fino Paytech’s services cater to the government, banks, and other financial institutions.

These services include

Business Correspondent Services

This service helps banks to include the financially underprivileged and undeserved class of the society. It has a reach in approximately 499 districts. The service offers the rural masses an opportunity to enable financial services like savings and deposits, insurance, and remittance through the pan India network.

Consultancy Services

This service was created to help get the unbanked population of the world into the formal financial system. Value-add to emerging branchlessness and micro banking was also the objective. Fino Paytech provides consulting services in the areas of technology, architecture, implementation, product design, strategy & Planning, regulation, and policy framework to national governments, commercial and co-operative banks, central banks, microfinance institutions, and insurance companies.

Financial Literacy

The Financial Literacy program was launched to impart financial education to the unbanked and underserved masses of the country. It has FLPs in over 12 states and has helped over 5 lac unbanked masses. FINO has executed FLPs for big names like the World Bank, IFC, Microfinance Opportunities, ICICI Bank, UNDP-NABARD, and NABARD.

The company has also developed solutions to manage the varied field aspects of operations.

Customer Enrollment Solution

Fino Paytech has developed applications that can be used to effectively acquire micro customers. This can be achieved using simple processes and minimal hardware (including mobiles) to address the infrastructural challenges on the ground. Fino Paytech’s services also assist Indian entities to leverage this technology towards the rapid acquisition of micro customers.

Hardware Solutions

The company provides a full suite of bio-metric products for enrollment, storage, and verification, while also maintaining all back end system elements

Operations Solutions: They manage data messaging to churn out the required information for day-to-day planning and management of operations

Management

Fino Paytech has 6 members in its Board of Directors

Sr No. Name Designation
1 Mr. Alok Kini Non-Executive Chairman, Independent Director
2 Mr. Sudeep Gupta Full-Time Director
3 Dr. Anjana Grewal Independent Director
4 Mr. Amit Jain Nominee Director of Blackstone
5 Mr. Alok Gupta Nominee Director of HAV 3 Holdings (Mauritius) Ltd
6 Mr. Ramakrishnan Gupta Nominee Director of BPCL

Shareholding Pattern as of 31.03.2020

Sr.no Name of the Shareholder No. of Shares % of Holding
1 Life Insurance Corporation of India 22,50,000 2.29%
2 Indian Bank 22,50,000 2.29%
3 Union Bank 22,50,000 2.29%
4 Corporation Bank 22,50,000 2.29%
5 Exide Life Insurance Company Limited 28,32,213 2.83%
6 Intel Capital Corporation 44,33,449 4.50%
7 ICICI Lombard General Insurance Company Limited 52,89,194 5.37%
8 ICICI Bank Limited 57,50,000 5.84%
9 International Finance Corporation 65,69,567 6.68%
10 HAV 3 Holdings (Mauritius) Limited 74,56,993 7.58%
11 Blackstone GPV Capital Partners (Mauritius) 75,12,207 7.63%
12 ICICI Prudential Life Insurance Company Limited 1,13,28,854 11.51%
13 Bharat Petroleum Corporation Limited 2,84,35,423 28.89%

Funds Raised by Fino Paytech

Round Funding Date Amount (in $) Investor
1 Jul-16 37.4M Bharat Petroleum
2 Jan-17 14.7M ICICI Prudential
Total 52.1M

Investors of Fino Paytech Ltd

Fino Paytech Limited Investors

Financial Highlights

  • The total revenue from the operation of Fino Payments Bank Limited during the year is Rs. 69139.73 lakhs and Net Loss is Rs. 3203.62 lakhs.
  • The total revenue from the operation of Fino Finance Private Limited during the year is Rs. 10,157.43 lakhs and Net Profit is Rs. 464.24 lakhs.
  • The total revenue from the operation of Fino Financial Services Private Limited during the year is Rs. NIL lakhs and Net Loss is Rs. 0.521 lakhs.
  • The issued and paid-up share capital of the Company had increased from Rs. 122,61,75,760 to Rs. 122,73,88,260

Profit & Loss Key Highlights- FY 2020

Particulars(Cr) 2018 2019 2020
Total Revenue 376 547 852
Revenue Growth % 12% 45% 56%
Profit/Loss Before Tax (PBT) -176 -53 -19
Profit/Loss After Tax (PAT) -167 -73 -20
Earnings per share (EPS) -16.8 -7.29 -2.03

Balance Sheet Key Highlights- FY 2020

Particulars (in Crs) FY2018 FY2019 FY2020
Total assets 703.25 1,267.57 1,062.16
Total Liabilities 73.44 1,028.20 844.31
Equity Capital 587.10 576.01 587.16
Net Worth 629.81 239.37 217.85
Face Value (In Rs.) 10 10 10
Dividend 0% 0% 0%
Debt 330 328 240
EBIT -176.00 -53.00 -19.00
Debt/Equity 0.56 0.56 0.40

Valuation- FY 2020

FY2018 FY2019 FY2020
Outstanding shares 9,86,55,470 12,23,64,625 12,24,85,875
Current Unlisted Price 120 120 120
EPS -16.8 -7.29 -2.03
Market Cap 11,83,86,56,400 14,68,37,55,000 14,69,83,05,000
Price to Earnings (P/E Ratio) -7.14 -16.46 -59.11
Price to Book (P/B Ratio) 2.67 2.67 2.61

Return Ratios

FY2018 FY2019 FY2020
ROE -29.98% -9.20% -3.24%
ROCE -30.32% -4.54% -1.96%

Fino Paytech Limited Annual Report 2020 

Fino Paytech Latest News

Fino Paytech becomes profitable

Fino Paytech reports profit of 4.5cr. IPO soon?

Disclaimer: The above information is only for educational purposes and should not be taken as a recommendation to buy or sell.
While reasonable endeavors have been made to present reliable data so far as it relates to current and historical information, but we do not guarantee the accuracy or completeness of the said data or information. Please consult your financial advisor before buying or selling any unlisted shares.

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