Fino Paytech Unlisted Shares
Fino Paytech Ltd.
INE511I01011
Incorporation Date: 15-Jun-2006
Listing Status: DRHP Not Filed
About Fino Paytech Unlisted Shares
Overview of Fino Paytech Unlisted Shares
Fino Paytech Limited
About Company
Fino Paytech Limited is an Indian fintech and financial services technology company established on 13 July 2006 and headquartered in Navi Mumbai, Maharashtra. The company focuses on technology-driven financial inclusion by enabling banks, financial institutions, government entities and insurance companies to reach underserved and underbanked customer segments.
Fino Paytech combines financial technology, banking infrastructure and an extensive service-delivery network to facilitate customer acquisition, transaction processing and access to financial products. It is the promoter and holding company of Fino Payments Bank Limited, which operates as a payments bank in India.
Introduction & Infrastructure
Fino Paytech developed its business around technology-enabled banking services and alternative distribution channels that extend financial services beyond conventional bank branches. Its operating infrastructure combines in-house technology platforms, field operations, merchant networks and institutional partnerships.
The company is headquartered in Navi Mumbai and operates through group companies that address different aspects of financial services, including payments banking, financial services, lending-related activities and trusteeship services.
Its technology and service-delivery capabilities are designed to support transactions and customer servicing across urban, semi-urban and rural markets.
Business Model & Operational Verticals
Fino Paytech follows a financial technology and service-delivery model, working with institutional partners to extend financial products and services to customers who may have limited access to traditional banking infrastructure.
Key Business Verticals
Business Correspondent Services
Enables banks to extend banking services through assisted service points.
Supports customer onboarding, banking transactions and last-mile financial access.
Facilitates service delivery in rural and underserved areas.
Payments Banking
Operated primarily through Fino Payments Bank Limited.
Provides savings accounts, digital banking and transaction services.
Supports domestic money transfers, cash management and assisted banking.
Microfinance & Lending Support
Provides technology and operational support for group-based microfinance lending.
Facilitates customer sourcing, documentation and loan servicing.
Works through lending partnerships and relevant group entities.
Aadhaar-Based Services
Provides Aadhaar-related authentication and identity services within its authorised service framework.
Supports Aadhaar-enabled financial transactions and identity verification.
Financial Technology Solutions
Develops and implements technology platforms for banks, microfinance institutions, government entities and insurance companies.
Supports customer acquisition, transaction processing and service delivery.
Financial Inclusion & Literacy
Helps expand access to formal financial services.
Supports financial awareness and customer engagement across underserved communities.
Management Details
Fino Paytech is managed by a professional leadership team with experience across financial services, banking technology, operations and financial inclusion.
The group’s leadership and operating teams oversee technology development, institutional relationships, banking operations, customer service, compliance and business expansion.
Fino Payments Bank Limited is a key operating subsidiary within the group and has its own management and regulatory responsibilities.
Key Product & Service Portfolio
| Product / Service | Description |
|---|---|
| Business Correspondent Banking | Assisted banking services delivered through local banking representatives |
| Savings Accounts | Basic banking and savings facilities offered through Fino Payments Bank |
| Domestic Money Transfer | Money-transfer services for customers across locations |
| Micro ATM Services | Access to selected banking transactions through assisted service points |
| Aadhaar Enabled Payment System (AePS) | Aadhaar-based banking transactions through authorised channels |
| Cash Management Services | Transaction and cash-handling services for institutional customers |
| Digital Banking | Digital account access and banking services through mobile platforms |
| Microfinance Solutions | Technology-enabled customer sourcing and servicing for group-based lending |
| Insurance Distribution | Access to selected life, health, motor and other insurance products through partnerships |
| Aadhaar Authentication Services | Authentication and identity-related services within the company's authorised framework |
| Financial Technology Platforms | Technology solutions supporting institutional financial-service delivery |
Technology & Service-Delivery Capabilities
Technology and distribution infrastructure are central to Fino Paytech’s operating model. The company focuses on using technology to reduce the cost and complexity of delivering financial services to geographically dispersed customers.
Key capabilities include:
Banking technology and transaction-processing platforms
Assisted-digital service delivery
Customer onboarding and servicing systems
Aadhaar-based authentication and payment capabilities
Business correspondent technology
Microfinance customer sourcing and loan-servicing systems
Institutional technology integration
Digital transaction and customer-management solutions
The combination of technology and on-ground service delivery enables the group to support financial institutions in markets where conventional branch-based banking may be less accessible.
Subsidiaries & Group Companies
| Group Company | Primary Business Area |
|---|---|
| Fino Payments Bank Limited | Payments banking, digital banking and financial inclusion |
| FFPL Finserv Private Limited | Financial services and related business activities |
| Fino Financial Services Private Limited | Financial services-related activities |
| Fino Trusteeship Services Limited | Trusteeship and related services |
Fino Payments Bank Limited is the group's principal operating entity for payments banking. The activities of individual subsidiaries are subject to their respective business scope and applicable regulatory requirements.
Customer & Industry Ecosystem
Fino Paytech serves a broad ecosystem of institutional customers, distribution partners and end users.
Its customer and partner segments include:
Banks and financial institutions
Microfinance institutions
Government entities
Insurance companies
Retail merchants and business correspondents
Small businesses and local enterprises
Rural and semi-urban customers
Individuals with limited access to conventional banking services
The company’s distribution-led model helps institutional partners reach customers through local service points supported by digital technology.
Key Business Highlights
Established in 2006, with a focus on financial technology and financial inclusion.
Headquartered in Navi Mumbai, Maharashtra.
Promoter and holding company of Fino Payments Bank Limited.
Combines technology platforms with an extensive assisted financial-service delivery network.
Supports banks and financial institutions through business correspondent services and technology solutions.
Operates across payments banking, digital transactions, Aadhaar-based services and financial-service distribution.
Has experience in technology-enabled microfinance customer sourcing and servicing.
Serves institutional partners across banking, microfinance, government and insurance ecosystems.
Focuses on extending formal financial services to underserved and underbanked customer segments.
Positioned at the intersection of fintech, assisted banking, digital payments and last-mile financial inclusion.
Insights of Fino Paytech Unlisted Shares
Fino Paytech Ltd.
1. Financial Highlights
| Particulars (₹ Cr) | FY25 | FY26 | YoY Change |
|---|---|---|---|
| Net Revenue | 1,653.83 | 1,337.24 | -19.1% |
| Total Operating Cost | 1,571.72 | 1,334.43 | -15.1% |
| EBITDA | 292.71 | 273.46 | -6.6% |
| Other Income | 210.60 | 270.65 | +28.5% |
| Depreciation | 73.10 | 87.42 | +19.6% |
| Finance Costs | 105.02 | 117.67 | +12.0% |
| PBT | 114.60 | 65.78 | -42.6% |
| PAT | 97.49 | 48.74 | -50.0% |
2. What the Numbers Tell Us
Revenue declined by 19.1%.
Revenue fell from ₹1,653.83 Cr in FY25 to ₹1,337.24 Cr in FY26, indicating a significant contraction in the company’s reported revenue. This is the first area investors should investigate: whether the decline reflects lower business volumes, a change in business mix, or another factor. The supplied figures alone do not establish the reason.
Operating costs declined, but not enough to protect EBITDA fully.
Operating costs decreased by 15.1%, which is positive because the company reduced spending alongside lower revenue. However, costs did not fall as quickly as revenue, and EBITDA declined by 6.6% to ₹273.46 Cr.
Other income increased significantly.
Other income rose 28.5% to ₹270.65 Cr. This provided additional support to earnings. However, other income is different from revenue generated by the core business, so investors should examine its composition and sustainability before treating it as recurring earnings support.
Depreciation and finance costs increased.
Depreciation increased 19.6% to ₹87.42 Cr, which may reflect a higher depreciable asset base or other accounting factors.
Finance costs rose 12% to ₹117.67 Cr, increasing the cost of financing.
Both increases put additional pressure on profitability, although the supplied figures do not explain their specific causes.
Profitability weakened considerably.
PBT declined 42.6% to ₹65.78 Cr, while reported PAT fell 50% to ₹48.74 Cr. This means the reduction in profit was much sharper than the decline in EBITDA. Higher depreciation and finance costs are relevant factors, alongside changes in other income and exceptional items.
3. Key Investor Observations
Revenue pressure
The 19.1% revenue decline is the main concern. Investors should look for evidence of business-volume recovery and understand what caused the decline.
Relatively resilient EBITDA
EBITDA declined by only 6.6%, less than the revenue decline. This suggests operating earnings held up better than revenue, though it does not by itself establish that the improvement is sustainable.
Pressure below EBITDA
Higher depreciation and finance costs coincided with a 42.6% fall in PBT. Investors should assess whether these costs will continue to rise.
4. Key Takeaways
Revenue: Down 19.1%, making business recovery an important area to monitor.
EBITDA: Down 6.6%, showing greater resilience than revenue.
Other income: Increased 28.5%, but its source and recurring nature need to be assessed.
Profitability: PBT declined 42.6% and reported PAT fell 50%.
What to monitor next: Revenue recovery, operating margins, the sustainability of other income, and finance costs.
Financial Charts of Fino Paytech Unlisted Shares
Balance Sheet of Fino Paytech Unlisted Shares
Profit and Loss of Fino Paytech Unlisted Shares
Ancillary of Fino Paytech Unlisted Shares
Ratio Analysis
Peers
Industry Benchmarking
Segment Revenue
Subsidaries
Security Allotment
Corporate Governance
Team Management Details
FAQs of Fino Paytech Unlisted Shares
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How to buy Fino Paytech Ltd.?
Below are three ways through which you can purchase Fino Paytech Ltd.:
- We at Altius Investech have many actively traded scripts and are market makers of unlisted shares. To check out all the unlisted shares traded. (Click on link). To submit a request to buy Fino Paytech Ltd., please click on the trade button at the top of this page
- Additionally, you can download our app from your play store or app store, register on our application, and engage in active trading there.
Download the Altius App here https://onelink.to/hf4m72 - You can also reach out to us at : +91 8240614850 / +91 8240861716
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How to sell Fino Paytech Ltd.?
Below are three ways through which you can sell Fino Paytech Ltd.:
- We at Altius Investech have many actively traded scripts and are market makers of unlisted shares. To check out all the unlisted shares traded. (Click on link). To submit a request to sell Fino Paytech Ltd., please click on the trade button at the top of this page
- Additionally, you can download our app from your play store or app store, register on our application, and engage in active trading there.
Download the Altius App here https://onelink.to/hf4m72 - You can also reach out to us at : +91 8240614850 / +91 8240861716
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What is the price of Fino Paytech Ltd.?
We provide a two way quote on all the shares we deal in. Your buy price for Fino Paytech Ltd. is ₹85 and your sell price for Fino Paytech Ltd. is ₹70. The price is based on our estimates and market conditions.
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What is the lock-in period of Fino Paytech Ltd.?
The lock-in period for Fino Paytech Ltd. varies depending on the category of investors:
- For retail Investors, HNIs, or Body Corporates, the lock-in period is 6 months from the date of the listing of Fino Paytech Ltd.
- For Venture Capital Funds or Foreign Venture Capital Investors, there is a lock-in period of 6 months from the date of acquisition of Fino Paytech Ltd.
- For AIF-II (Alternative Investment Funds - Category II), there is no lock-in period
August 2021 saw the introduction of this regulation by SEBI. The purpose of the regulation change, which lowered the lock-in period from a year to six months, was to incentivize additional investments in firms getting ready for initial public offerings, or IPOs. Since its introduction, a number of Portfolio Management Services (PMS) have advised their clients to purchase Pre-IPO shares in order to take advantage of the advantages associated with early-stage investments. This reduction in the lock-in period is considered as a significant step forward.
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How is the Fino Paytech Ltd. price calculated?
Fundamental & Comparative valuation models and the forces of demand and supply in the market for unlisted shares dictate the price. These prices are based on our estimates and transaction history of Fino Paytech Ltd.. The price is also determined from the most recent funding round for Fino Paytech Ltd.. This provides us with a benchmark valuation, offering a clear indication of the company's current market value as perceived by investors and industry experts.
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What are the lot sizes of Fino Paytech Ltd.?
We can generally arrange lot sizes starting with an investment of INR 20,000. To confirm the lot sizes of Fino Paytech Ltd. with us kindly click here.
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What are the financials of Fino Paytech Ltd.?
The financials of Fino Paytech Ltd. which includes the P/L of Fino Paytech Ltd. and the Balance Sheet of Fino Paytech Ltd. is in the financials section (Click on link).
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Where can I find the annual report of Fino Paytech Ltd.?
The annual report of Fino Paytech Ltd. is available in the annual report section (Click on link).
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Is buying Fino Paytech Ltd. legal in India?
Yes, buying and selling unlisted shares in India is indeed 100% legal. This activity is regulated and governed under the guidelines provided by the Securities and Exchange Board of India (SEBI). Investors and traders must adhere to these regulations and guidelines to ensure compliance with legal and financial standards. It's important for participants in the unlisted share market to be aware of and understand these regulations to engage in transactions legally and securely.
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Short-term Capital Gain taxes to be paid on Fino Paytech Ltd.?
When you sell unlisted shares within a period of two years from the date of acquisition, any profit earned from the sale is classified as Short-term Capital Gain (STCG). This gain is then added to your total income for that financial year. The tax on this short-term capital gain is calculated based on your applicable individual income tax slab rates. Therefore, the rate at which you will pay tax on the STCG from unlisted shares depends on your total income, including this gain, and the tax slab it falls under as per the prevailing income tax laws in India. It's important for investors to consider these tax implications when engaging in transactions involving unlisted shares.
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Long-term Capital Gain taxes to be paid on Fino Paytech Ltd. and how are They Taxed?
Long-term Capital Gains (LTCG) on unlisted shares in India refer to the profits earned from the sale of unlisted shares that have been held for more than two years. The key aspects of LTCG on unlisted shares include:
- Tax Rate: LTCG on unlisted shares is taxed at a rate of 20%.
- Indexation Benefit: This is a significant advantage for investors. Indexation allows for adjusting the purchase price of the shares for inflation, which can reduce the taxable gain.
- Importance for Investors: Understanding LTCG is crucial, especially for High Net-worth Individuals (HNIs) and retail investors, as it impacts their investment strategy and tax planning. Knowing these details helps in making informed investment decisions.
- Calculation: LTCG is calculated by subtracting the indexed cost of acquisition (the purchase price adjusted for inflation) from the sale price of the shares. The profit thus calculated is subject to a 20% tax.
- Applicability: LTCG tax is applicable to profits from the sale of unlisted shares held for more than two years.
- Relevance: This tax is particularly relevant to investors in the unlisted share market, including those considering selling their holdings after a period of more than two years.
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Applicability of Taxes on Fino Paytech Ltd. once it is listed?
When shares initially bought in the unlisted market become listed, the taxation rules change significantly if these shares are sold through a stock exchange. Here's what investors need to know:
Transition to Listed Market Tax Rates: Once unlisted shares are listed on the stock exchange and subsequently sold, the tax rates applicable to listed securities come into effect. This shift means that the favourable tax treatments for listed shares, as per the prevailing tax laws, will apply.
Taxation Based on Holding Period: The crucial factor in determining the type of capital gains tax (Long-term or Short-term) is the holding period of the shares. Importantly, this period is calculated from the original purchase date when the shares were unlisted.
Long-term vs. Short-term Capital Gains: If the shares are sold after being held for more than one year from the date of purchase (including the period when they were unlisted), they are subject to Long-term Capital Gains (LTCG) tax.
Conversely, if sold within one-year, Short-term Capital Gains (STCG) tax rates apply.
Significance for Investors: This information is vital for investors in the unlisted market, as it impacts their tax planning and decision-making process. Understanding these nuances ensures that investors can strategically plan the sale of their shares post-listing to optimize tax implications.
Advice for Investors: It's advisable for investors to keep a record of their purchase dates and monitor the listing dates closely. Additionally, staying updated with the latest tax regulations or consulting with a financial advisor is recommended for accurate tax calculations and compliance. -
How does Altius Investech source Fino Paytech Ltd.?
At Altius Investech, our approach to sourcing Fino Paytech Ltd. unlisted shares involves a strategic and direct method. Primarily, we acquire these shares from the below key groups:
Employees of the Company: Employee stock option plans (ESOPs) or other compensation packages frequently include shares for firm employees. For a various reasons, such as including portfolio diversification or financial considerations, some of these employees may eventually choose to sell their shares. We engage with these employees, providing them a platform to sell their shares.
Initial Investors: These are the angel or early-stage investors who provided capital to the business in its early stages. These original investors may look to sell all or part of their ownership position in the company as it develops and flourishes. This might be done for various reasons such as in order to maximise their investment, reallocate resources, or make other calculated financial decisions.
Funding rounds and VC funds: Altius Investech sources the shares from private placement rounds in which private companies seek to obtain capital from the market. Through our platform, venture capital funds can liquidate their shares and we receive the inventory from them when they decide to sell a portion of their ownership through block trades.
By establishing connections with these groups, Altius Investech guarantees our clients a steady and dependable supply of Fino Paytech Ltd. unlisted shares. This process not only makes it easier for employees and initial investors in liquidating their assets, but it also gives our clients access to shares that aren't often found on the open market. Our platform effectively facilitates a win-win situation for both buyers and sellers. -
How to trust Altius Investech before buying Fino Paytech Ltd. from its platform?
Altius Investech stands at being India's fastest growing and leading marketplace for buying and selling unlisted shares. We believe in enabling access to alternative sources of investments at lower entry barriers to private equity investments.
With more than 25 years of experience, Altius Investech has carved a niche in the financial market by serving more than 8000 clients. The incredible journey is further highlighted by the vast number of transactions that Altius Investech has facilitated transactions that have already exceeded 300 crores.
For investors Altius Investech curates investment opportunities in companies at reasonable valuations which are on the verge of an IPO leading to massive value unlocking. Investments are backed by thorough research and sound investment thesis, with a time bound exit plan.
For ESOP Shareholder and existing Investors, we assist them to liquidate their shares even if they are not publicly traded by creating a platform where we find the right buyers and sellers for the best prices.
Altius Investech have been featured in top media news outlets like Economic Times, Financial Express, Money control. Check out about us on these - leading publications (Click on link) Our journey over these years has not just been about numbers; it's been about building trust and reliability.
We at Altius Investech are dedicated to upholding the greatest levels of ethics and transparency, making sure that your investment experience is not only profitable but also safe and reliable.
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