Policy · Financial Services

Paytm becomes majority Indian-owned company

By Startup Enthusiast · 14 April 2026

What they do

Paytm offers UPI payments, recharges, bill payments, and financial products

Domestic shareholding crossed 50% in March 2026, up from 28% in June 2023

Majority Indian ownership may ease regulatory scrutiny on foreign-owned fintechs

Paytm has become a majority Indian-owned and controlled company.
As of March-end 2026, domestic shareholding stood at 50.3%.
Domestic institutional investors held 23.1% in the March quarter, up from 14.3% a year ago.
Mutual funds increased their stake to 16.6%, with 41 funds now invested, up from 36.
Insurance companies raised their combined stake to 5.1%.
Foreign institutional investor (FII) stake fell to 49.4% from 72.11% in June 2023.
The shift follows regulatory scrutiny on fintechs with foreign ownership, especially those linked to Ant Group.

Majority Indian ownership may help address regulatory concerns and improve operational flexibility.
Bank of America upgraded Paytm, citing leadership in higher-monetisation segments and improving profitability.
Bernstein highlighted Paytm's monetisation advantage: merchant revenues are roughly twice that of its nearest competitor despite similar volumes.

Paytm offers UPI payments, recharges, bill payments, flight bookings, credit cards, insurance, and an investment platform called Paytm Money.
Paytm for Business provides merchant solutions including QR, Soundbox, and Card Machine.
In Q3 FY26, Paytm reported revenue of Rs 2,194 crore, up 20% year-on-year.
Net profit was Rs 225 crore, its third consecutive profitable quarter.
EBITDA stood at Rs 156 crore, with margins of 7%.
Subscription merchants reached 1.44 crore, up 24% year-on-year.

Motilal Oswal Mutual Fund (participated) — One of the mutual funds that increased its stake in Paytm.
Mirae Asset (participated) — One of the mutual funds that increased its stake in Paytm.
Bandhan Mutual Fund (participated) — One of the mutual funds that increased its stake in Paytm.
Tata AIA Life Insurance (participated) — One of the insurance companies that increased its stake in Paytm.
SBI Life Insurance (participated) — One of the insurance companies that increased its stake in Paytm.