One97 Communications Ltd Company Information and Updates

Author

Reads 8.2K

People Having a Deal in the Office
Credit: pexels.com, People Having a Deal in the Office

One97 Communications Ltd is a company that's been making waves in the industry. It was founded in 2000 by Vijay Shekhar Sharma.

The company is headquartered in New Delhi, India, and has a strong presence in the country's digital payments market. This is thanks in part to its flagship product, Paytm.

As of my last update, One97 Communications Ltd is a subsidiary of One97 Communications Limited, which is a publicly traded company.

Company Information

One97 Communications is an Indian e-commerce company that has a significant presence in the country.

The company was founded in 2000 by Vijay Shekhar Sharma, who is also the current CEO.

One97 Communications is headquartered in New Delhi, India.

Company Profile

Our company, Green Earth Inc., was founded in 2010 by a group of passionate entrepreneurs who wanted to make a positive impact on the environment.

The company's headquarters is located in San Francisco, California, a hub for innovation and sustainability.

Credit: youtube.com, How to Write a Perfect Company Profile (with Examples)

Green Earth Inc. has since grown to become a leading provider of eco-friendly products and services, with a strong presence in the global market.

The company's mission is to reduce its carbon footprint and promote sustainable living practices among its customers and employees alike.

Green Earth Inc. has implemented various initiatives to reduce waste and energy consumption, including recycling programs and energy-efficient lighting in its offices.

The company's commitment to sustainability has earned it numerous awards and recognition from leading industry organizations.

Headquarters Location

Our company's headquarters is located in Noida, a city in India known for its business-friendly environment and modern infrastructure.

The exact address of our headquarters is Plot Number H-1 OB, Sector-98 One Skymark, Tower-D.

Noida's 201 304 zip code helps identify the location more precisely, making it easier for visitors and partners to find us.

Financial Statements

One97 Communications, the parent company of Paytm, has its financials laid out in a clear and concise manner. The company's financial statements reveal a complex picture of its cash flows over the years.

Credit: youtube.com, Paytm (one 97 Communications) Income Statement Analysis | Sales Crash 30% | Losses Shrink 55%

The company's cash flows from operating activities have been a major concern, with negative numbers in 2015, 2016, and 2019. In fact, the worst year was 2019, with a cash outflow of -4,476.

Here's a breakdown of the company's cash flows from operating, investing, and financing activities over the years:

The company's net cash flow has been a mixed bag, with some years showing a significant improvement. In 2022, the company saw a net cash inflow of 1,334, which is a significant turnaround from the previous year.

News and Updates

One97 Communications, the parent company of Paytm, has been making waves in the financial sector with its innovative services. One97 Communications Announces the Launch of Gold Coins on September 24th.

Paytm Money partnered with Jioblackrock to launch India's first systematic active equity fund on September 23rd. This move is expected to revolutionize the way Indians invest in the stock market.

Jefferies Adjusts One97 Communications' Price Target to INR1,420 From INR1,250, Keeps at Buy on September 22nd. This adjustment is a testament to the company's growing market value.

Take a look at this: Spacex Starlink Swfl Launch

Credit: youtube.com, Paytm IPO latest News | One97 Communications Limited IPO latest News

Paytm Launches Postpaid, a Credit Line on UPI, in Partnership with Suryodaya Small Finance Bank on September 17th. This service aims to provide users with a convenient and secure way to manage their expenses.

Here's a summary of One97 Communications' recent updates:

One97 Communications has received significant funding from its parent company, with Paytm Services Private Limited expecting to receive INR 1.55 billion in funding on August 24th. This investment will help the company further expand its services.

Management and Leadership

One97 Communications has a strong leadership team in place, with Vijay Shekhar Sharma serving as the CEO since 2000.

The company's CEO, Vijay Shekhar Sharma, is 47 years old and has been in his position for over two decades.

The company's Chairman, Vijay Shekhar Sharma, is also 47 years old and has been in this role since the company's inception in 2000.

Madhur Deora, the Director of Finance/CFO, is 47 years old and has been in this role since 2021.

Additional reading: Ohio E Check Years

Credit: youtube.com, Mr. Vijay Shekhar Sharma (Winner - Company of the year) - Leaders of Tomorrow Awards 2010

Sunil Kumar Bansal, the Compliance Officer, joined the company in 2023.

The company's Board of Directors includes Ravi Chandra Adusumalli, who is 49 years old and has been a Director since 2020.

Pallavi Shardul Shroff, another Director, is 69 years old and has been a part of the Board since 2021.

Here's a brief overview of the company's top leadership team:

Awards and Recognition

One97 Communications has received numerous awards and recognition for its innovative products and services.

In 2009, the company was awarded the Emerging Company of The Year at the 10th Annual Voice&Data Award 2009 for its contribution to the VAS space.

It also received the Deloitte Technology Fast50 India award in 2009.

In 2010, One97 Communications won the Best Digital Innovation category for its 'TalktoMe' product at IAMAI's Digital Awards by the Internet and Mobile Association of India.

The company also won Company of the Year at ET Now-IndiaMART Leaders of Tomorrow Awards 2010.

Credit: youtube.com, One97 Communications Ltd - 2023 TITAN Business Awards: Season 1 Winner

One97's product Talk2Me was awarded the Best Innovative VAS Product at the ET Telecom Awards by The Economic Times in May 2011.

In 2012, the company was ranked #493 in the Deloitte Technology Fast 500 Asia Pacific list.

One97 Communications was awarded the VCCircle Annual Awards 2013 for the best PE/VC-backed Media & Communication Company.

The company was announced as the Most Innovative Company of the Year 2014 at the Business Standard's Awards in March 2014.

One97 won NDTV's Disruptive Digital Innovator Award in July 2015.

One97 Communications was ranked #309 in the list of Fortune Next 500 company for the year 2017.

Frequently Asked Questions

Are One97 and Paytm the same?

One97 Communications Limited is the parent company of Paytm, making them the same entity but with different roles. Paytm is the brand, while One97 operates it.

What is One97 payment?

One97 Communications Limited offers payment services in India, UAE, Saudi Arabia, and Singapore, enabling seamless transactions between consumers and merchants. Their payment solutions facilitate a range of financial transactions, enhancing digital commerce in these regions.

Lee Kuhn

Senior Copy Editor

Lee Kuhn has spent over two decades refining his craft as a copy editor, honing a keen eye for detail and a passion for precise language. His expertise extends to a variety of fields, with a particular focus on the intricate world of Finnish banking. Lee's rigorous approach to editing ensures that every piece he touches is not only free of errors but also clear and compelling.

Love What You Read? Stay Updated!

Join our community for insights, tips, and more.