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About the company

Fino Paytech is an unlisted company driven by institutional investors from India and Abroad, having its headquarters in Mumbai. Founded on July 13, 2006, the company now has offices across India. The company’s vision is to fulfill the financial service needs of its customers through its extensive delivery channel and advanced technologies.

Fino Paytech Limited Group is primarily engaged in providing technology-based solutions to the finance industry. The group includes three Wholly owned subsidiaries and an associate company having a Non-Banking Financial company [Nondeposit accepting] registered with RBI and a Bank. The NBFC provides finance to poor women in rural areas working in organized Joint Liability Groups. The bank offers to maintain current and savings accounts, manage remittances, mobile banking, bill payments, and distribute third-party financial products. The bank is also engaged in providing financial services to the poor and underserved class of the economy and help them in becoming self-reliant.

Business Lines

The business and banking technology platform has emerged as a techno leader innovating and implementing technology solutions for institutions like banks, microfinance institutions, government entities, and insurance companies. The company is emerging as an alternate banking channel that enables end-to-end customer sourcing and servicing.

Fino Paytech is working towards revolutionizing the banking system by providing tech-based solutions to its clients. From customer acquisition, providing Hardware solutions to managing Operations, and Spreading Financial literacy, the company is working on all the areas simultaneously to provide a convenient ecosystem to its clients. Fino Tech is actively providing services for the smooth functioning of various government schemes such as MNREGA and Social Security Schemes. They provide cards that function pan-India, which the government uses to make payments in 50000+ villages, and their biometric technology has drastically reduced malpractices and enabled safety. State governments widely use their device that uses fingerprints for validation to deliver social security schemes to citizens leading to substantial saving of state resources. Fino Paytech’s technological solutions have proved to be a

game-changer in India’s health micro-insurance sector. The solution empowers insurance companies to reach out to customers and cater to their particular financial needs and be financially viable.

The Company derives revenues primarily from sale of device along with AMC, enrolment services, BC services, repairs and

maintenance of devices, advertisement services, micro ATM running charges.

Financials of the company

There has been a constant rise in revenues of the company from financial year 2017-18 to financial year 2019-2020. However in the year 2020-2021 revenue of the company declined drastically to less than half in comparison to the previous year . The sudden decline in revenue was mainly because the operations of the company were impacted, following nationwide lockdown as directed by the Central government which ultimately affected the profits of the company and the EPS subsequently. The company has now resumed operations in a phased manner as per directives of government.


FY 2020-21– Rs. -1142.24 Lakhs

FY 2019-20– Rs.1326.55 Lakhs’


    ( lakhs)
Total Revenue4336.535302.856414.212233.86
Profit before Tax-5610.82385.41839.26-1548.62
Profit after Tax-4689.01-922.79805.98-1603.89
Total Assets70325.467697.6869041.7266973.97
Shareholder’s funds62981.4362618.0158716.1257466.16
Total Liabilities7343.975079.6710325.69507.81
Earnings per share-3.70.720.63-1.25
Book value per share45454646

Graphical representation of Financials

Shareholding ( Major Investors)

Total shares Outstanding as on 31st March 2021 – 99,628,111

Face Value – 10 per share

The company has outstanding Share Warrants for Rs. 55 Crs and Fully Convertible Preference Shares @ Rs.293 Crs.

Shareholders holding more than 5% of shares:-


Price RangeRs. 360-400
Current Unlisted Share PriceBest as per industry standards
Last Traded PriceRs. 375

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