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One97 Communications Ltd is an Indian multinational technology company, headquartered in Noida, Uttar Pradesh, India. [1] It was founded in 2000 by Vijay Shekhar Sharma. Through its subsidiaries and businesses, the company offers digital payment and financial services to consumers and merchants in India.
Paytm's parent company One97 Communications was listed on the Indian stock exchanges on 18 November 2021 after an initial public offering, which was the largest in India at the time. [9] For the fiscal year 2022–23, Paytm's gross merchandise value (GMV) was reported to be ₹ 13.2 lakh crore (US$150 billion). [10] [11] [12] [13]
Vijay Shekhar Sharma is the promoter of Paytm Payments Bank, and One97 Communications Limited is not categorized as one of its promoters. [ 8 ] [ 9 ] He resigned as part-time non-executive chairman and board member of Paytm Payments Bank, citing regulatory challenges with the Reserve Bank of India.
One97 Communications Limited is the parent company of Paytm, a digital payments and financial services company that was launched by Sharma in 2010. [16] In November 2021, Paytm went public raising $2.5 billion at a valuation of $19 billion, making it India's largest initial public offering at that time.
One97 is the holding company of Paytm and its associated entities. There is no reason to have two articles when the subject of both articles is the same. This is my second attempt at this merger; my previous attempt was thwarted on WP:BUREAU grounds, although there was an open discussion at Talk:One97 Communications.
In India, Samsung and One97 Communications, the company behind Paytm, have teamed up to provide users of Galaxy smartphones the ability to book movie, event, bus, and aircraft tickets through Samsung Wallet by using the 'Add to Samsung Wallet' feature. [13]
One97 Communications: Technology Consumer digital services Noida: 2000 Ecommerce and fintech P A Onida Electronics: Consumer goods Consumer electronics Mumbai: 1981 Consumer electronics P A OnMobile: Telecommunications Telecommunications services Bengaluru: 2000 Mobile operator P A Oracle Financial Services Software: Technology Software Mumbai ...
He is the chairman, managing director and CEO of One97 Communications and its consumer brand Paytm. [28] [29] Indra Nooyi, Indian-American business executive and former CEO of PepsiCo [30] [31] Sheela Gautam, founder and owner of Sheela Foam Limited. She was the Member of Parliament (June 1991 – May 2004). [32]