COMPANY INTELLIGENCE PROFILE
ONE 97 COMMUNICATIONS LIMITED
Listed parent of the Paytm group (NSE: PAYTM / BSE: 543396), a New Delhi-headquartered digital-payments and financial-services company that posted its first-ever full-year profit in FY2025-26.
One 97 Communications Limited, headquartered in New Delhi, is the listed parent of the Paytm group. The company operates across digital payments, financial services distribution, and commerce. It turned profitable for the first time in FY2025-26, with a revenue of ₹8,437 crore and a profit of ₹552 crore. Historically funded by major investors, it went public in November 2021. Legal and regulatory matters include past SEBI settlements and a customs duty appeal.
AI-generated, may contain errors.
Business Overview
- One 97 Communications Limited is the holding company of the Paytm ecosystem, operating payments, QR/Soundbox, wallet, UPI, financial-services distribution, lending, insurance broking, wealth/broking via Paytm Money, and commerce/cloud offerings. IPO Nov 2021
- Effectively debt-free at parent level. Turned profitable for the first time on a full-year basis in FY2025-26.
Sector & Classification
NIC 72200 — Computer/software and data-processing services; operationally a digital payments, financial services and commerce platform (e-commerce / office & sale office per GST classification).
Directors & Key Management
Directors — source notes
Board (8 seats after July-2026 reshuffle). CONFIRMED core directors with DINs (Tofler + TheCompanyCheck agree): - Vijay Shekhar Sharma — DIN 00466521 — Managing Director & CEO (founder; since 22 Dec 2000). Note: registries label him "Managing Director," not "Chairman, MD & CEO." - Ravi Chandra Adusumalli — DIN 00253613 — Non-Executive Director (appt 16 Feb 2012) - Ashit Ranjit Lilani — DIN 00766821 — Director (appt 05 Jul 2021) - Gopalasamudram Srinivasaraghavan Sundararajan — DIN 00361030 — Director (appt 29 Aug 2022) - Rajeev Krishnamuralilal Agarwal — DIN 07984221 — Director (appt 17 Jun 2024) - Manisha Raj Raisinghani — DIN 06798956 — Additional/Independent Director (appt 04 Nov 2025) NEW (announced 03 Jul 2026, effective 05 Jul 2026, 3-yr term subject to AGM) — Non-Executive Independent Directors: - Narasinganallore Venkatesh Srinivasan — DIN 01893686 (news-grade / single-source; not registry-confirmed) - Sachee Trivedi — DIN 11767043 (news-grade / single-source; not registry-confirmed) EXITS / CHANGES: - Pallavi Shardul Shroff — DIN 00013580 — Independent Director (appt 09 Feb 2018): CONTESTED. Verifier 1 found she ceased to be a director eff. 08 Feb 2026 (term completion); Tofler's stale 16-Jun-2026 snapshot still lists her. Treat as LIKELY EXITED (partial). - Urvashi Sahai — DIN 09521316 — appointed Additional/Whole-Time Director 22 Jul 2025; resigned as WTD & KMP eff. close of business 05 Jul 2026; continues as General Counsel & SVP-Legal (Senior Management, off board) from 06 Jul 2026. - Madhur Deora — stepped down from board; continues as President & Group CEO (executive). NOT OBTAINED: Falconebiz record (page returns portal homepage).
GST Registrations
| GSTIN | State | PAN |
|---|---|---|
| 07AAACO4007A1Z7 | Active, principal | AAACO4007A |
| 09AAACO4007A1Z3 | — | AAACO4007A |
| 19AAACO4007A1Z2 | — | AAACO4007A |
| 06AAACO4007A1Z9 | — | AAACO4007A |
| 27AAACO4007A1Z5 | — | AAACO4007A |
| 36AAACO4007A7Z0 | — | AAACO4007A |
| 23AAACO4007A6Z8 | — | AAACO4007A |
| 29AAACO4007A1Z1 | — | AAACO4007A |
| 37AAACO4007A7ZY | — | AAACO4007A |
| 32AAACO4007A2ZD | — | AAACO4007A |
GST — source notes
PAN AAACO4007A, GST-registered since 01/07/2017; ~35 registrations across states. See financials/related fields for detail. Confirmed GSTINs: Delhi 07AAACO4007A1Z7 (Active, principal); UP 09AAACO4007A1Z3 & 09AAACO4007A1CE; WB 19AAACO4007A1Z2; HR 06AAACO4007A1Z9; MH 27AAACO4007A1Z5 & 27AAACO4007A1CG; TS 36AAACO4007A7Z0; MP 23AAACO4007A6Z8; KA 29AAACO4007A1Z1 & 29AAACO4007A1CC; AP 37AAACO4007A7ZY & 37AAACO4007A1CF; KL 32AAACO4007A2ZD & 32AAACO4007A1CP. Full 35-state list + per-GSTIN status NOT OBTAINED.
Financials
ONE 97 Communications Limited achieved its first profitable year in FY2026 with a revenue of ₹8,437 crore and a PAT of ₹552 crore, reversing the previous year's losses. Despite past challenges, including a revenue decline from the Paytm Payments Bank fallout, the company improved its financial health with reduced borrowings and increasing net worth.
AI-generated, may contain errors.
- CONSOLIDATED, Screener, triple-verified, — ₹ crore:
- FY2023: Revenue 7,990 | Operating profit (as mapped) −1,644 | PAT −1,776 | Total assets 17,966 | Borrowings 223 | Reserves 12,952 | Equity 63 | Net worth ~13,015 (derived)
- FY2024: Revenue 9,978 | OP −943 | PAT −1,422 | Assets 18,693 | Borrowings 177 | Reserves 13,263 | Equity 64 | Net worth ~13,327 (derived)
- FY2025: Revenue 6,900 | OP −1,506 | PAT −663 | Assets 21,448 | Borrowings 160 | Reserves 14,963 | Equity 64 | Net worth ~15,027 (derived). Revenue decline driven by Paytm Payments Bank/PPBL fallout of early 2024.
- FY2026, ended 31 Mar 2026, announced ~May 2026, — FIRST PROFITABLE YEAR: Revenue 8,437 (+22% YoY) | Operating profit ~+500 | PAT +552, turnaround from FY25 −663 loss, | Total assets 23,915 | Borrowings 194 | Reserves 15,962 | Equity 64.
- Caveats: Screener "Operating profit" folds in exceptionals, so it is not a clean EBITDA, company's own metric is "EBITDA before ESOP cost"
- Exact company-reported EBITDA by FY NOT OBTAINED.
- Net-worth figures are derived, Reserves + Equity, not directly reported.
- Tofler free page shows STANDALONE only, Mar-2025 standalone revenue noted only as ">₹5,000 Cr"; exact standalone P&L paywalled.
- Do not mix standalone and consolidated.
Funding History
- As a listed company (IPO Nov 2021), no current VC/PE rounds.
- Historically funded pre-IPO by Ant Financial/Alibaba, SoftBank Vision Fund, SAIF Partners/Elevation Capital, and Berkshire Hathaway, among others.
- Exact historical round sizes/dates NOT OBTAINED, Tracxn financials excluded per instructions.
Loans & Charges
- Registered charges (ROC via Tofler) ≈ ₹1,148.8 Cr gross across six banks, secured facility/charge amounts, NOT confirmed drawn/outstanding:
- HDFC Bank Ltd — 52 charges, ~₹391.8 Cr
- Axis Bank Ltd — 2 charges, ~₹560.1 Cr
- ICICI Bank Ltd — 2 charges, ~₹105.0 Cr
- IndusInd Bank Ltd — 1 charge, ₹70.0 Cr
- Yes Bank Ltd — 4 charges, ~₹20.4 Cr
- RBL Bank Ltd — 1 charge, ₹1.5 Cr
- Charge activity Aug 2024–Nov 2025
- Most recent 26 Nov 2025 (HDFC, ₹4.9 Cr). Open vs satisfied split NOT itemized on free Tofler view. Tracxn "85 loans" claim conflicts and is treated as unreliable.
Credit Ratings
- NOT OBTAINED / none found.
- No current long-term or short-term instrument credit rating for OCL surfaced from CRISIL, ICRA, CARE, or India Ratings — consistent with the company being effectively debt-free at the parent level.
- The only CRISIL document on record is a historical one-time IPO Grading rationale, not a credit rating.
- Do not assert any AA/A1+ style rating.
Legal & Compliance
- (a) SEBI settlement order 08 May 2025, agreed ~17 Apr 2025, — ESOP/promoter-reclassification: penalties OCL ₹1.1 Cr, Vijay Shekhar Sharma ₹1.1 Cr, Ajay Shekhar Sharma ₹57 lakh (~₹2.8 Cr total)
- 21m ESOPs to VSS cancelled, 222,862 to Ajay cancelled
- VSS barred from new ESOPs from any listed company for 3 years. Allegation: pre-IPO reclassification as "non-promoter" while retaining control.
- (b) SEBI settlement 17 Jan 2025 — with eight individuals, incl. directors, over IPO offer-document/related-party transactions with PPBL, sums cited ₹324 Cr and ₹36 Cr, without required approvals. Per-person amounts NOT OBTAINED.
- (c) ED FEMA show-cause notice ~03 Mar 2025 — alleged contraventions ~₹611 Cr, OCL ~₹245 Cr; Little Internet ~₹345 Cr; Nearbuy ~₹21 Cr, re unreported foreign investment into overseas step-down subsidiaries. Notice stage, not adjudicated
- OCL attributes largely to acquired subsidiaries pre-acquisition.
- (d) CESTAT, Principal Bench, New Delhi, 05 Aug 2025 — Paytm Soundbox customs-duty classification (10% vs 20%)
- Differential duties ~₹3.29 Cr and ~₹17.98 Cr. Outcome: both appeals ALLOWED in favour of OCL, Soundboxes held 2G GSM, qualify for 10% duty., The ~₹347 Cr total-exposure figure in one summary is internally inconsistent — treat as uncertain.
Competitive Landscape
- Paytm — pioneer super-app in payments, lending & merchant services. Key competitors: PhonePe, UPI share ~48%; rev ~₹5,000 Cr
- Google Pay (UPI share ~37%)
- Amazon Pay, ~₹2,000 Cr India rev
- BharatPe (rev ~₹1,400 Cr)
- Razorpay, TPV ~$150B; rev ~₹2,500 Cr.
Frequently Asked Questions
What does ONE 97 COMMUNICATIONS LIMITED do?
Listed parent of the Paytm group (NSE: PAYTM / BSE: 543396), a New Delhi-headquartered digital-payments and financial-services company that posted its first-ever full-year profit in FY2025-26.
What is ONE 97 COMMUNICATIONS LIMITED's CIN?
ONE 97 COMMUNICATIONS LIMITED's Corporate Identification Number (CIN) is L72200DL2000PLC108985.
What is ONE 97 COMMUNICATIONS LIMITED's GST number?
ONE 97 COMMUNICATIONS LIMITED's primary GSTIN is 07AAACO4007A1Z7. It has 35 GST registrations across multiple states.
When was ONE 97 COMMUNICATIONS LIMITED incorporated?
ONE 97 COMMUNICATIONS LIMITED was incorporated on 22 December 2000.
Where is ONE 97 COMMUNICATIONS LIMITED headquartered?
ONE 97 COMMUNICATIONS LIMITED's registered office is at First Floor, Devika Tower, 136, Nehru Place, New Delhi, Delhi 110019. (HQ: Delhi.)
Is ONE 97 COMMUNICATIONS LIMITED listed on the stock exchange?
Yes, listed Nov 2021. NSE: PAYTM; BSE: 543396. LEI: 335800ZRHU5J6GSTMI23 (confirmed on Bloomberg + legalentityidentifier.in). No promoter (promoter holding 0.00%; professionally managed).
What are ONE 97 COMMUNICATIONS LIMITED's latest financials?
FY2025: Revenue 6,900 | OP −1,506 | PAT −663 | Assets 21,448 | Borrowings 160 | Reserves 14,963 | Equity 64 | Net worth ~15,027 (derived).
Who are ONE 97 COMMUNICATIONS LIMITED's main competitors?
Paytm, pioneer super-app in payments, lending & merchant services. Key competitors: PhonePe (UPI share ~48%; rev ~₹5,000 Cr); Google Pay (UPI share ~37%); Amazon Pay (~₹2,000 Cr India rev); BharatPe (rev ~₹1,400 Cr); Razorpay (TPV ~$150B; rev ~₹2,500 Cr).
Sources
BSE/NSE filings & annual report; tofler.in, thecompanycheck.com; BSE/NSE shareholding pattern; tofler.in; CRISIL, ICRA, CARE Edge, India Ratings rating rationales; MCA / DIN records via tofler.in, falconebiz.com; MCA charge index via tofler.in, falconebiz.com; MCA filings / annual report via tofler.in; entrackr.com, moneycontrol.com, inc42.com (round names); Tracxn treated as unverified; indiankanoon.org/doc/29767128/; knowyourgst.com; tofler.in, thecompanycheck.com, company disclosures & trade press; tofler.in/one-97-communications-limited/company/L72200DL2000PLC108985; thecompanycheck.com/company/one97-communications-limited/L72200DL2000PLC108985; legalentityidentifier.in/leicert/335800ZRHU5J6GSTMI23/
Information compiled from public registry and secondary sources. It may be incomplete or dated; verify independently before relying on it.