RNFI Services Ltd.
NNSE:RNFI321.00
INR
-2.00
(-0.62%)
ISIN
INE0SA001017
Return %
Stock
S&P 500
1Y
-13.18
14.20
3Y
- -
81.12
5Y
- -
68.34
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.Company Description
- CEO
- Krishna Kumar Daga
- Full Time Employees
- 1,319
- Sector
- Finance
- Industry
- Regional banks
- Address
- New Delhi India
- IPO Date
- Jul 29, 2024
- Website
- rnfiservices.com
- Similar Companies
- Business
- RNFI Services Limited is an India-based financial technology company that provides tech-enabled business-to-business (B2B) and business-to-business-to-consumer (B2B2C) financial inclusion and digital payment solutions. Founded in 2015 and headquartered in New Delhi, India, the company delivers its services primarily through its proprietary web portal and mobile application under the brand name ReliPay, operating a nationwide network of business correspondents, distributors, and merchant partners across rural, semi-urban, and urban regions throughout India. RNFI Services organizes its business operations into multiple core product and service categories: Banking and Financial Inclusion Services, comprising Aadhaar Enabled Payment System (AePS) cash withdrawals, mini-statements, and balance inquiries; Domestic Money Transfers (DMT) for remittances across Indian banking networks; Micro-ATM (m-ATM) card-based cash withdrawal and inquiry services; Aadhaar Pay merchant payment processing; Indo-Nepal cross-border remittance facilities; and digital bank account opening facilitation for partner banks. Utility and Bill Payment Services, comprising Bharat Bill Payment System (BBPS) integration for electricity, water, piped gas, broadband, landline, and municipal tax payments; prepaid mobile and direct-to-home (DTH) recharges; FASTag toll tag issuance and top-ups; credit card bill payments; and Cash Management Services (CMS) for collection agencies, microfinance institutions, and e-commerce logistics providers. Travel and Hospitality Solutions, comprising Indian Railway Catering and Tourism Corporation (IRCTC) authorized train ticket booking; domestic and international airline reservation services; intercity bus ticketing; and hotel accommodations. Financial Products Distribution, comprising Point of Sales Person (POSP) insurance intermediation for life, health, motor, and personal accident insurance products in partnership with licensed insurance providers; and digital distribution and lead generation for personal, micro-enterprise, and business loans in collaboration with banks and non-banking financial companies (NBFCs). Value-Added and Merchant Services, comprising permanent account number (PAN) card registration and processing; digital signature certificates (DSC); point-of-sale (POS) devices, soundboxes, and dynamic QR code merchant acceptance solutions; and customized business-to-business Application Programming Interface (API) integration packages for corporate enterprises. In major recent developments, RNFI Services completed its initial public offering (IPO) on the NSE Emerge platform of the National Stock Exchange of India in July 2024, raising gross proceeds of approximately INR 70.8 crore to fund working capital requirements, enhance its digital and IT infrastructure, and accelerate business expansion. Over the past two years, the company has expanded its merchant and agent touchpoint network across underbanked regions, established strategic distribution partnerships with prominent financial institutions, and upgraded its core ReliPay technology stack to enhance transaction throughput, cybersecurity, and digital lending integrations.