Airtel Payment Bank Ltd was previously known as Airtel M Commerce Services Limited and is engaged in providing financial services. The company is a subsidiary of Bharti Limited and was founded on Nov 23, 2016. It is currently involved in providing services of the semi-closed prepaid instrument under the licence from RBI. Airtel Payment Bank Ltd (APBL) provides a prepaid payment system that runs under “Airtel Money” for e-commerce, lifestyle, recharge and apparel. Check out the Airtel Payment Bank share price!
Incorporated in 2010, Airtel Payments Bank has its registered office in New Delhi. As per the guidelines of the Reserve Bank of India(RBI), Airtel Payments Bank can’t directly participate in lending activities. However, it can offer various services, including Saving and current accounts, remittance products, issuing prepaid wallets, and non-risk financial products, including loans, insurance, mutual funds, etc. The company also received a license from the Insurance Regulatory and Development Authority(IRDAI) to operate as a corporate agent and enable banks to distribute insurance products. This company page will provide complete details, including Airtel Payments Bank share price, financials, etc.
Incorporation Details
CIN | U65100DL2010PLC201058 |
Registration Number | 201058 |
Founding Year | 23 November 2016 |
RoC | RoC Delhi |
Category/Sub Category Of Company | Non-govt Company |
Class Of Company | Private |
ISIN Number | INE360U01018 |
Company Age | 6 Years |
Industry | Financial Services |
Company Status | Active |
The Airtel Payment Bank Ltd has reported a loss of Rs 388 crore alone in 2018-19, while a loss of Rs 272 crore was reported previously in the year 2017-18. In the quarter that ended in Sept 2021, the company turned profitable and achieved an annual revenue rate of Rs 1 thousand crores. In FY20, the revenues of Airtel Payment Bank Ltd rose 87% to Rs 474 crore.
In August 2023, Airtel Payments Bank shared that its Year-on-Year(YoY) growth for the first quarter of 2023 was 41%, with a revenue of Rs 400 crore. In addition, its net profit grew by 143% compared to the previous fiscal year. Apart from this, the customer deposits in Airtel Payments Bank for the recent fiscal year were Rs 1922 crore with a monthly transaction of 5.54 crore.
Income | 31.03.2020 year-end | 31.03.2021 year-end |
Interest Earned | 716,074 | 580,876 |
Other Income | 4,027,494 | 5,690,996 |
Total | 4,743,568 | 6,271,872 |
Loss | 31.03.2020 year-end | 31.03.2021 year-end |
Net Loss for the year | 4,644,962 | 4,343,669 |
Loss Brought Forward | 11,132,482 | 15,777,444 |
Total | 15,777,444 | 20,121,113 |
Airtel Payment Bank Ltd plans to list its unit, which has already turned profitable. In December 2021, money deposited with Airtel Payment Banks Ltd surged 75% to Rs 1000 crores as compared to the year 2020, and the total share capital infused to date is Rs 2,348 crores as per financials. The bank is growing in healthy doubles, so it makes for the right reason to invest in Airtel Payment Bank Ltd unlisted shares.
The performance of the Airtel Payments Bank in the last few financial years remains positive. Its operating revenue, EBITDA, and net profit consistently increased while its depreciation and business expenses decreased. As per the forecasted data, Airtel Payment share price is expected to increase in the coming years, making it a profitable investment option.
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* Ratio is calculated based on latest financial & current share price.
(All Amount in INR Millions)
(All Amount in INR Millions)
(All Amount in INR Millions)