Paytm Money Gets Research Analyst Certification From SEBI

Fintech giant Paytm’s investment tech subsidiary Paytm Money has received the approval from the Securities and Exchange Board of India (SEBI) to operate as a registered research analyst. 

In an exchange filing today, Paytm parent One97 Communications said, “ … Paytm Money Limited, a wholly owned subsidiary of One 97 Communications Limited, has been granted a certificate of registration as a research analyst by SEBI under the SEBI (Research Analysts) Regulations, 2014.”

The approval allows Paytm Money to provide SEBI-compliant research services, which include investment insights, research reports and data-driven analysis.

These services will be integrated into the Paytm Money app as part of a broader research and advisory offering, the company said.

“This milestone aligns with Paytm Money’s objective to expand its offerings in the investment ecosystem, enhance user experience, and provide expert-backed insights to both retail and institutional investors,” the filing added.

Last year, Paytm revamped its Paytm Money app, introducing new features like redesigned home screen, pinned indices, global search across asset classes, and advanced screeners. It also introduced a unified view of public issues and enhanced F&O dashboard. 

Paytm CEO Vijay Shekhar Sharma is bullish on the wealth management business. In the company’s Q3 earnings call, he said, “Paytm Money and insurance are still work-in-progress businesses. There is an increased attention on mutual fund distribution because I think that we are able to sign up a big number of customers from there.”

The focus on investment tech business will also add to the funnel of mutual fund and SIP customers, he said. 

After the Reserve Bank of India’s (RBI’s) crackdown on Paytm Payments Bank, Paytm has undergone several business transformations, including, selling its ticketing business to Zomato, and laying off employees. 

On the financial front, the company narrowed its consolidated net loss by 6% to INR 208.5 Cr in the third quarter of FY25 from INR 221.7 Cr a year back, although its revenue saw a sharp 36% year-on-year decline to INR 1,827 Cr during the quarter. 

Paytm’s management, in the Q3 earnings call, stated that the company will turn profitable over the next two quarters. For this, Paytm has stepped up focus on the merchants’ side of the business, lender partnerships and regaining the UPI market share.

Shares of Paytm were trading 6.05% higher at INR 730.50 apiece on the BSE at 01:46 PM.