- CEO
- Shailesh Kumar Damani
- Full Time Employees
- 1,500
- Sector
- Commercial services
- Industry
- Miscellaneous commercial services
- Address
- Santosh A. Mishra Compound Mumbai MH India 400069
- IPO Date
- Oct 12, 2023
- Business
- Plada Infotech Services Ltd. (PLADAINFO.NS) provides business process outsourcing (BPO) services in India, specializing in end-to-end solutions for merchant acquisition, field support, account management, recruitment and payroll management via its proprietary Kundali platform, software solutions including mobile applications for lead lifecycle management, seller onboarding, e-KYC, document verification, employee background checks, business correspondence, and payment innovations such as PRUF—a UPI 2.0 One-Time Mandate solution developed with Yes Bank for secure e-commerce transactions; Merchant World Loyalty program; and Direct-to-Business (D2B) loans. The company serves banks, non-banking financial companies (NBFCs), insurance firms, payment aggregators, and e-commerce platforms, operating through approximately 19 regional offices across more than 212 cities and towns, primarily in Maharashtra and Tamil Nadu, with nationwide reach and over 500,000 POS systems installed. Founded in 2010 and headquartered at Santosh A. Mishra Compound, Mograpada, Mogra Village, off Old Nagardas Road, Andheri East, Mumbai, India, it employs around 1,470 to 2,000 personnel and became a public limited company in May 2023 following its IPO in October 2023, which raised INR 12.36 crore.
Recent developments include the launch of PRUF in collaboration with Yes Bank to enhance e-commerce payment trust and efficiency; a global expansion partnership with 4th Wave Inc. in Toronto, Canada; certification as an Authorized Service Partner by OneAssist Consumer Solutions Private Limited; acquisition of a 99% stake in subsidiary Uphaar Cards Private Limited; and strategic agreements with top global clients and leading banks to bolster operations. The company maintains a promoter holding of 62.6% and focuses on digital transformation amid India's cashless economy shift, with revenue of INR 67.2 crore and profit of INR 1.88 crore in the latest reported period.