Plada Infotech Services Ltd Company Summary

Plada Infotech Services Ltd Summary

Plada Infotech Services Limited (formerly known Plada Infotech Services Private Limited) was incorporated on October 23, 2010, with the Registrar of Companies, Mumbai. Thereafter, status of the Company was changed from Private to Public Company and the name of the Company was changed to Plada Infotech Services Limited vide fresh Certificate of Incorporation issued by the ROC on May 11, 2023.The Company is engaged in delivering BPO services specializing in the area of support services solutions. The Company provides wide ranges of support services such as Call Centre, Contact Point Verifications, Site Visits, Document check/ Pickup, E-KYC, Skip Tracing, Employee Back Check, Staffing Solutions, Payroll Management, Payment Collections (soft), AMC Booking Services etc. to its clients and specializes in providing End to End solutions to customers/ clients. Apart from these, it specializes in areas such as Account Management, Merchant Acquisition, Field Support, E-commerce, Business Correspondence, Recruitment and Payroll Management Software Solutions and Technology Development. The Company is in current line of business for more than 13 years and the client lists includes various banks, insurance companies, financial service companies, etc. Also, it help clients with voice support services, field support services and Back Office Processing Services to provide a comprehensive range of services across all industry sectors to clients who are in need of specialist assistance. Company currently operates solely within the boundaries of India and does not have any business activities, subsidiaries, or operations in foreign countries. The Company is in the business of rendering merchant services and programme management. It presently operates through a network of 12 offices in 12 cities currently serving a database of over 0.5 million merchants. Company started operations in 2010. In 2013, the Company acquired 99% stake in Uphaar Cards Private Limited, making it a Subsidiary Company.Apart from these, the Company acquire and on-board new merchants for Banks, NBFCs, Startups (both Domestic and Multinational Companies). Their wide network of field agents leverages merchant database, working with banks, branch networks and source the most suited merchants for business. The Company made a fresh issue of 25,74,000 Equity Shares of Rs 10/- each by way of IPO and by raising funds to Rs 12.35 Cr in October, 2023. Concurrently, Company is seeking accelerated developments in generative Al and applied Al that have the potential to reshape the consumption pattern of end customers across verticals. In this background, clients are looking for a partner who understands their domain, can bring technology and operations together, and has the scale to execute effectively and efficiently.