Transaction Solutions International (India) Pvt Ltd
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Transaction Solutions International (India) Pvt Ltd - overview
Established
2005
Location
New Delhi, -, India
Primary Industry
Financial Services
About
Transaction Solutions International (India) Pvt Ltd is an Indian payments firm specializing in secure digital payment solutions for banks and utilities, aiming to enhance financial access across diverse sectors. Founded in 2005 and headquartered in New Delhi, India, Transaction Solutions International (India) Pvt Ltd focuses on providing innovative payment solutions. The company underwent a significant change in ownership in January 2022 when Vortiv Ltd acquired a 75% majority stake from CX Partners, with key management retaining a 10% stake. The firm has successfully completed three deals, with the latest occurring on January 21, 2022.
Mohnish Kumar currently serves as the CEO. Transaction Solutions International (India) Pvt Ltd operates as a dynamic payments company that specializes in secure digital payment solutions primarily for banks, financial institutions, and utility companies. The company has developed a range of products, including ATM and managed services, a merchant-assisted marketplace through its FindiPay platform, electronic surveillance systems for ATM security, and an IoT-based power management solution. TSI’s offerings enhance access to essential financial services for diverse sectors, including public and private banks, utility companies, and MSME businesses across India.
The FindiPay platform facilitates domestic money transfers, utility bill payments, travel bookings, and various payment solutions at merchant outlets, supporting operations across more than 20 states in India. In the most recent fiscal year 2024, Transaction Solutions International (India) Pvt Ltd reported a revenue of INR 41,336,237. 10 and an EBITDA of INR 15,121,805. 60.
The company generates revenue through transaction fees associated with its extensive payment solutions, including managed services and its FindiPay platform, which operates on a commission basis per transaction, contributing significantly to its revenue stream as it processes over 550 million transactions annually. Transaction Solutions International (India) Pvt Ltd plans to leverage recent funding to expand its offerings and market presence. The company aims to enhance its product range by launching new features on the FindiPay platform and exploring additional services tailored for specific customer segments. Furthermore, it intends to expand into new geographic markets, particularly targeting regions within India where financial services access is limited.
The acquisition by Vortiv Ltd will provide the resources necessary to support these growth initiatives. Following the deal in January 2022, the company expects to utilize the strategic guidance of its new majority stakeholder to navigate these expansion efforts.
Primary Industry
Financial Services
Sub Industries
e-Financial
Website
www.tsiplc.com
Verticals
FinTech
Total Amount Raised
Subscriber access only
Transaction Solutions International (India) Pvt Ltd - financials
| Fiscal Year Ended | Mar 31, 2013 | Mar 31, 2014 | Mar 31, 2015 | Mar 31, 2016 | Mar 31, 2017 | Mar 31, 2018 | Mar 31, 2019 | Mar 31, 2020 | Mar 31, 2021 | Mar 31, 2022 | Mar 31, 2023 | Mar 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | - | 563,357,442 | 669,812,491 | 757,531,822 | 2,299,715,468 | 2,240,468,338 | 2,398,425,325 | 2,340,598,684 | 2,435,096,408 | - | - | - |
| % Revenue Growth (YoY) | - | - | 18.9% | 13.1% | 203.6% | (2.6%) | 7.1% | (2.4%) | 4.0% | - | - | - |
| EBITDA (USD) | 3,704,046 | (22,978,334) | (24,944,068) | 16,507,099 | (160,668,973) | 65,449,943 | 90,344,433 | 47,528,834 | 496,120,261 | - | - | - |
| Operating Income (USD) | (79,616,376) | (116,918,166) | (232,453,565) | (182,873,840) | (357,069,252) | (135,647,940) | (113,134,651) | (174,241,683) | 199,248,059 | - | - | - |
| Operating Margin | - | (20.8%) | (34.7%) | (24.1%) | (15.5%) | (6.1%) | (4.7%) | (7.4%) | 8.2% | - | - | - |
| % EBITDA Margin | - | (4.1%) | (3.7%) | 2.2% | (7.0%) | 2.9% | 3.8% | 2.0% | 20.4% | - | - | - |
| NET Income (USD) | (73,399,398) | (100,036,916) | (225,340,425) | (163,833,349) | (334,216,611) | (146,080,079) | (122,978,943) | (217,617,570) | 70,632,989 | - | - | - |
| % Net Margin | - | (17.8%) | (33.6%) | (21.6%) | (14.5%) | (6.5%) | (5.1%) | (9.3%) | 2.9% | - | - | - |
Transaction Solutions International (India) Pvt Ltd - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | Transaction Solutions International (India) Pvt Ltd | - | ||||||||
| Add-on | Completed | Cloudten Industries Pty Ltd | - | ||||||||
| Add-on | Completed | Decipher Works Pty Ltd | - | ||||||||
| Add-on | Completed | Cloudten Industries Pty Ltd | - | ||||||||
| Add-on | Completed | Decipher Works Pty Ltd | - |
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