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PB Fintech Ltd.

BSE: 543390 Sector: Others
NSE: POLICYBZR ISIN Code: INE417T01026
BSE 00:00 | 06 Dec 457.60 -19.55
(-4.10%)
OPEN

479.00

HIGH

482.30

LOW

455.00

NSE 00:00 | 06 Dec 457.70 -19.70
(-4.13%)
OPEN

479.40

HIGH

482.30

LOW

455.00

OPEN 479.00
PREVIOUS CLOSE 477.15
VOLUME 131059
52-Week high 1217.75
52-Week low 356.20
P/E
Mkt Cap.(Rs cr) 20,597
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 479.00
CLOSE 477.15
VOLUME 131059
52-Week high 1217.75
52-Week low 356.20
P/E
Mkt Cap.(Rs cr) 20,597
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

PB Fintech Ltd. (POLICYBZR) - Company History

The Company was incorporated as 'Etechaces Marketing and Consulting Private Limited' on 04 June 2008. Subsequently name of the Company changed to PB Fintech Private Limited on 18 September 2020. Upon the conversion of Company to a Public Limited Company pursuant to a Special Resolution passed by the Shareholders on 19th June 2021 name of the Company again was changed to PB Fintech Limited on 30 June 2021.The Company is engaged in providing integrated online marketing and IT consulting and support services largely for the financial services industry including insurance. It operates Policybazaar the India's largest digital insurance marketplace and Paisabazaar that provides services related to lending products.In 2014 the Company launched Paisabazaar with the goal to transform how Indians access personal credit by accentuating ease convenience and transparency in selecting a variety of personal loans and credit cards.As on 31 March 2021 the Company has 7 subsidiaries including 1 overseas namely Polichybazaar Insurance Brokers Pvt. Ltd. Paisabazaar Marketing and Consulting Pvt. Ltd. Icall Support Services Pvt. Ltd. PB Marketing and Consulting Pvt. Ltd. Docprime Technologies Pvt. Ltd. Accurex Marketing and Consulting Pvt. Ltd. and PB Fintech FZ-LLC.During financial year ended March 31 2022 Equity Shares of the Company got listed on BSE Limited (BSE) and National Stock Exchange of India Limited (NSE) effective from November 15 2021. As on March 31 2022 the Company has 9 Wholly Owned Subsidiaries and 2 associate Companies.The Board of Directors of the Company in its meeting held on April 26 2022 had approved the draft Scheme of Amalgamation betweenthe Company and Makesense Technologies Limited which provides for the amalgamation of the Transferor Company with Transferee Company and will result in the benefit of streamlining of the corporate structure pooling of resources of the Transferor Company with the resources of the Transferee Company significant reductions in the multiplicity of legal and regulatory compliances required at present to be carried out by both the Transferor Company and the Transferee Company; rationalization of costs time and efforts by eliminating multiple record keeping administrative functions and consolidation of financials through legal entity rationalizations and reduction of administrative responsibilities multiplicity of records and legal as well as regulatory compliances with effect from the said Appointed Date.

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