One 97 Communications Limited has informed the Exchange about Incorporation of a Wholly Owned Step Down Subsidiary through Paytm Cloud Technologies Limited
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Paytm's wholly owned subsidiary, Paytm Cloud Technologies Limited (PCTL), has incorporated a new step-down subsidiary named 'Paytm Company' in the Kingdom of Saudi Arabia on July 17, 2025. Paytm will indirectly hold 100% of the new entity through PCTL. PCTL's Board approved a cash investment of 85 lakh Saudi Riyal (approximately ₹19 crore) for 8,500 equity shares of 1,000 Saudi Riyal each at par. The new entity will focus on expanding and distributing Paytm's digital payments technology stack in Saudi Arabia, marking the company's international growth push in the Middle East.
This is a strategic international expansion move into Saudi Arabia, potentially opening a new revenue stream in the Middle East digital payments market. However, the investment size is small relative to Paytm's overall business, so near-term financial impact is likely limited. Positive long-term signal for global growth ambitions.