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Fino Paytech Unlisted Shares

Company Profile

Fino Paytech Limited (CIN: U72900MH2006PLC162656) was incorporated on June 15, 2006, and is headquartered in Navi Mumbai. As a pioneering fintech platform, Fino Paytech integrates banking technology with an extensive service delivery network to serve banks, governments, insurers, microfinance institutions, and end customers across urban and remote India. Leveraging the business correspondent model, Fino Paytech digitizes customer onboarding, remittances, micro-pensions, and social benefit disbursements, ensuring financial inclusion for over 50 million customers.

Key Areas of Focus

  • Digital Financial Services: Banking, remittance, micro-pension, insurance, and merchant payments via BC network.
  • Fintech Solutions: Customer onboarding, POS devices, card management, and terminal management systems.
  • Social Benefit Schemes: MGNREGS wage disbursement, social security pensions, and subsidy transfers.
  • Technology Innovations: Secure Aadhaar-based authentication, interoperable platform, and API-driven integrations.

Business Operations and Market Position

Fino Paytech operates a pan-India BC network of 100,000+ touchpoints across 25,000+ villages. Its subsidiaries—Fino Payments Bank, Fino Finance, and Fino Trusteeship—complement the core business, expanding reach into banking and lending. With ₹1,291 crore consolidated revenue in FY 2023 and robust institutional backing from BPCL, ICICI Group, Blackstone, and IFC, Fino Paytech ranks among India’s leading fintech enablers.

Core Product Portfolio

  • Business Correspondent Services: Cash-in, cash-out, account opening, remittances, and bill payments.
  • Payments Bank: Deposit accounts, remittances, and merchant services under Fino Payments Bank.
  • Lending & Trusteeship: Microcredit disbursement via Fino Finance; securitization/trust services via Fino Trusteeship.
  • Technology Platforms: POS devices, card management system, mobile applications, and API ecosystems.

Operational Capabilities and Expansion Plans

Fino Paytech’s technology stack—powered by in-house POS devices and Aadhaar-enabled authentication—ensures sub-second transactions and interoperability. In FY 2023, the company processed 200 million transactions, up 25% YoY. Expansion plans include adding 50,000 BC points, enhancing digital loan disbursements, and scaling micro-pension coverage to 10 million beneficiaries by FY 2026.

Promoters & Management

Name Designation
Ashok Kini Non-Executive Chairman & Independent Director
Apurva Joshi Independent Director
Rajeev Deoras Independent Director
Amit Jain Whole-time Director
Sudeep Gupta Whole-time Director
Manoj Heda Nominee Director
Ramakrishna Gupta Nominee Director

Shareholding Patterns (As of 31-03-2023)

Shareholder Shares Held Holding (%)
Bharat Petroleum Corporation Limited 27,991,070 26.81
ICICI Prudential Life Insurance Company Ltd 10,833,198 10.38
ICICI Bank Limited 9,485,140 9.09
Blackstone GPV Capital Partners (Mauritius) 7,183,536 6.88
HAV 3 Holdings (Mauritius) Limited 7,130,737 6.83
ICICI Lombard General Insurance Company Ltd 5,984,658 5.73
International Finance Corporation 6,282,138 6.02
Others 36,005,436 28.26
Total Outstanding Shares 127,408,963 100.00

Company Fundamentals

Metric Details
Outstanding Shares 127,408,963
Face Value ₹10 per equity share
ISIN INE511I01011
Lot Size 100 shares
Paid-up Share Capital ₹104.40 crore
Instruments in Nature of Equity ₹22.79 crore
Registered Office TTC Industrial Area, MIDC Turbhe, Navi Mumbai – 400705
Incorporation Date June 15, 2006
Industry Financial Technology & Business Correspondent Services

Financials

Consolidated Income Statement (₹ Crores)

Particulars FY 2022-23 FY 2021-22
Revenue from Operations 1,149.43 1,000.82
Other Income 141.87 49.81
Total Income 1,291.30 1,050.63
Purchase of Services 184.65 175.37
Employee Benefits Expense 170.69 155.59
Finance Costs 54.15 30.10
Depreciation & Amortization 50.44 43.75
Other Expenses 765.60 704.72
Total Expenses 1,229.00 1,102.47
Profit Before Tax 62.30 -51.84
Tax Expense 12.19 1.31
Profit After Tax 50.11 -53.15
Earnings Per Share (Basic & Diluted) 2.61 -4.24

Balance Sheet (₹ Crores)

Particulars Mar 31 2023 Mar 31 2022
Non-Current Assets
Property, Plant & Equipment 124.67 87.86
Right-of-Use Assets 30.19 34.72
Intangible Assets 20.43 8.97
Investments 54.89 43.30
Other Non-Current Assets 126.90 96.51
Total Non-Current Assets 357.08 271.36
Current Assets
Inventories 41.86 13.26
Investments (Current) 1,090.89 590.73
Trade Receivables 72.37 70.03
Cash & Cash Equivalents 399.32 1,057.47
Other Current Assets 211.09 101.86
Total Current Assets 1,815.53 1,833.35
Total Assets 2,172.61 2,104.71
Equity & Liabilities
Equity Share Capital 104.40 109.17
Instruments Entirely Equity Nature 22.79 23.83
Other Equity 373.11 1,005.54
Total Equity 500.30 1,138.54
Non-Current Liabilities
Borrowings 19.93 19.91
Lease Liabilities 27.63 32.54
Provisions 10.72 1.92
Total Non-Current Liabilities 58.28 54.37
Current Liabilities
Borrowings 434.80 270.80
Trade Payables 22.94 43.30
Other Financial Liabilities 1,415.40 863.53
Other Current Liabilities 24.08 30.59
Provisions & Tax Liabilities 19.81 29.58
Total Current Liabilities 1,917.03 1,237.80
Total Equity & Liabilities 2,475.61 2,430.71

Cash Flow Statement (₹ Crores)

Particulars FY 2022-23 FY 2021-22
Net Cash from Operating Activities 387.09 217.39
Net Cash from Investing Activities -538.77 671.23
Net Cash from Financing Activities -506.48 23.34
Net Change in Cash -658.16 912.96
Cash & Cash Equivalents (BOY) 1,057.47 144.51
Cash & Cash Equivalents (EOY) 399.32 1,057.47

Annual Reports and Regulatory Compliance

Fino Paytech’s annual reports up to FY 2022-23 comply with Indian GAAP and SEBI guidelines. Audited by top firms, reports cover governance, risk management, technology frameworks, and social impact. Fino Payments Bank and Fino Finance filings adhere to RBI regulations, ensuring robust compliance across all subsidiaries.

IPO Preparations and Market Listing Plans

Fino Paytech has not announced an IPO as of mid-2025. However, its deleveraged balance sheet, profitable core operations, and growing BC network make it a strong candidate for future public offering. Strategic investors may anticipate an IPO once market conditions stabilize, creating an exit opportunity and price discovery.

FAQs – How to Buy or Sell Fino Paytech Unlisted Shares

How can I buy Fino Paytech Unlisted Shares?

Register on UnlistedShareBrokers, complete KYC with PAN, Aadhaar, and demat details, search “Fino Paytech Limited,” select your lot of 100 shares, and place a secure buy order.

What is the minimum lot size for Fino Paytech Unlisted Shares?

100 shares per transaction, subject to market availability and broker terms.

What documents are required for Fino Paytech Unlisted Shares transactions?

PAN card, Aadhaar card, Client Master Report (CMR), canceled cheque, and an active NSDL/CDSL demat account.

What is the current lock-in period for Fino Paytech Unlisted Shares?

Six months from acquisition, as per SEBI regulations for unlisted pre-IPO shares.

How are Fino Paytech Unlisted Shares transferred between accounts?

Via Delivery Instruction Slip (DIS)—submit offline to your DP or execute online e-DIS through your broker’s portal.

What are the current valuation metrics for Fino Paytech?

Based on FY 2023 earnings, shares trade on P/E ~15x and P/B ~4x, reflecting growth potential in fintech and BC services.

What makes Fino Paytech shares attractive for investment?

Leadership in digital financial inclusion, diversified revenue streams, strong institutional backing, and improving profitability turnaround.

What are the tax implications of Fino Paytech Unlisted Shares transactions?

Short-term gains (≤24 months) taxed at slab rates; long-term gains (>24 months) taxed at 20% with indexation benefits. Dividends taxed per personal income bracket.

Can I pledge Fino Paytech Unlisted Shares for loans?

Yes. Lenders typically accept quality unlisted shares as collateral, offering 50–70% loan-to-value based on share quality and liquidity.

What is the outlook for Fino Paytech’s IPO and exit opportunities?

Although no IPO is announced, robust BC network growth and profitable core operations pave the way for a potential listing, providing clear exit and liquidity for unlisted shareholders.

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