Making payments to stores and other people are necessary in our daily lives. Traditionally, the only method to make such transactions was cash. This is where Paytm comes into the picture.
One 97 Communications Ltd (Paytm), created in 2010 with the goal of improving the customer experience, is the country’s largest multinational financial technology company.
It has evolved into a top payment service provider for various businesses and serves millions through cloud platforms. Starting as a platform for online money transfers, it has grown to offer services like mobile recharge, wallet facilities, movie tickets, payment services, shopping and tons of other features – all within a single app.
Founded by Vijay Shekhar Sharma, Paytm’s journey includes milestones like reaching a $10 billion valuation in 2017 and launching various services. It has gained approval to operate as a scheduled bank, allowing participation in government-run financial inclusion schemes.
Sharma is among the top entrepreneurs in the Indian digital world. In 2017, he was ranked India’s youngest billionaire by Forbes.
With the goal of strengthening its business, in 2014, Paytm introduced the Paytm Wallet, gaining popularity with Indian Railways and Uber. By 2015, it expanded services to include education fees, bill payments, and more, reaching a user base of 10.4 crore. A strategic move in 2015 saw Alibaba’s affiliate, Ant Financial, acquiring a 40% stake.
The Company ventured into gold products, launched Paytm Payments Bank, and introduced a texting platform. Paytm went public in 2021, raising ₹18,300 crore, marking India’s largest-ever IPO, but faced a significant drop on its listing day.
Notably, Paytm has experienced significant growth in its lending business, witnessing a 471% year-on-year increase in loans disbursed. Monthly transacting users have risen from 71 million to 75 million.
Paytm is a prominent participant in India’s digital payment environment as it keeps developing and extending its offerings, reflecting the platform’s fantastic growth and widespread usage.
PayTM Share Price History
| Year | Share Price | Gain / Loss |
|---|---|---|
| IPO | ₹ 2,150.00 | |
| Listing | ₹ 1,564.00 | - 27.3% |
| 2021 | ₹ 1,335.10 | - 14.6% |
| 2022 | ₹ 530.80 | - 60.2% |
| 2023 | ₹ 635.50 | + 19.7% |
| 2024 | ₹ 893.75 | + 40.6% |
PayTM Share Price Chart
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- During 2021, the share price of One 97 Communications Ltd was ₹ 2150.
- If you had bought shares worth ₹ 2500 in 2021, you would have 12 shares today.
- At the end of 2024, the current value of your shares would be ₹ 10392.
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