Policy · Financial Services

Paisabazaar faces benami property order

By Startup Enthusiast · 27 March 2026

What they do

The Department of Revenue issued a benami property order against some Paisabazaar vendors, alleging the company as beneficial owner

Paisabazaar intends to challenge the order in due course

Parent PB Fintech's shares have fallen nearly 20% year-to-date, touching a fresh 52-week low

On March 26, the Department of Revenue's Adjudicating Authority issued an order under Section 26(3) of the Prohibition of Benami Property Transactions Act, 1988.
The order targets certain vendors of Paisabazaar, with Paisabazaar alleged as the beneficial owner in the transactions.
Paisabazaar intends to challenge the order in due course.
The order relates to benami property transactions, where property is held by one person but financed or controlled by another.
Paisabazaar is a digital consumer credit marketplace offering loans, credit cards, mutual funds, and fixed deposits.
The company facilitates loans under the FLDG model, partnering with Hero FinCorp and Piramal Finance.
Paisabazaar had 71 lakh transacting customers at the end of the December quarter.
Total disbursement in the December quarter was ₹9,986 crore, up 84% year-on-year.

PB Fintech's shares have plunged close to 20% year-to-date, touching a fresh 52-week low earlier this month.
The company had announced plans for a QIP in February, which triggered a sell-off and was subsequently dropped.
Tencent Cloud Europe BV, an affiliate of Tencent, offloaded 48.4 lakh shares worth ₹695 crore through block deals, reducing its stake from 2.12% to 1.06%.
Institutional investors including Goldman Sachs, Societe Generale, and Tata Mutual Fund picked up shares in the transaction.

Paisabazaar is a digital consumer credit marketplace.
It offers loans, credit cards, mutual funds, and fixed deposits.
It facilitates loans under the FLDG model, partnering with Hero FinCorp and Piramal Finance.
Paisabazaar had 71 lakh transacting customers at the end of the December quarter.
Total disbursement in the December quarter was ₹9,986 crore, up 84% year-on-year.
In February, Paisabazaar set up a wholly owned subsidiary, Paisa Financial Services, with a ₹3 crore investment to strengthen its collection process.
Parent PB Fintech reported Q3 FY26 net profit of ₹189.4 crore, up 165% year-on-year.
PB Fintech's Q3 FY26 revenue was ₹1,771.1 crore, up 37% year-on-year.

Tencent Cloud Europe BV (seller) — Affiliate of Tencent, sold 48.4 lakh shares worth ₹695 crore.
Goldman Sachs (participated) — Institutional investor that picked up shares in the block deal.
Societe Generale (participated) — Institutional investor that picked up shares in the block deal.
Tata Mutual Fund (participated) — Institutional investor that picked up shares in the block deal.