Image Source: Asia Insurance Post
PB Fintech Limited, parent of Policybazaar and Paisabazaar, has announced the incorporation of a new step-down wholly owned subsidiary, Paisa Financial Services Private Limited, on February 27, 2026. The entity will focus on the collection business, with an initial paid-up capital of Rs. 3 crore.
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PB Fintech Limited has expanded its corporate structure with the incorporation of Paisa Financial Services Private Limited, a wholly owned step-down subsidiary under Paisabazaar Marketing and Consulting Private Limited. The move marks a strategic entry into the collection business, aligning with the company’s broader fintech ecosystem.
Key Highlights
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Name of entity: Paisa Financial Services Private Limited, incorporated on February 27, 2026
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Authorized share capital: Rs. 5 crore, divided into 50 lakh equity shares of Rs. 10 each
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Paid-up share capital: Rs. 3 crore, divided into 30 lakh equity shares of Rs. 10 each
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Ownership: 100% equity held by Paisabazaar Marketing and Consulting Private Limited, making it a step-down subsidiary of PB Fintech Limited
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Business focus: Collection business, newly incorporated and yet to commence operations
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Consideration: Cash investment of Rs. 3 crore
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Regulatory approvals: Not applicable, incorporation already completed
This development strengthens PB Fintech’s portfolio by diversifying into financial services operations beyond its core insurance and lending platforms.
Source: PB Fintech Limited corporate filing to NSE and BSE
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