Billdesk Revenue at INR 520 Cr in FY15-16, Profit Soars Up to 76 Cr
Billdesk, one of India’s earliest online payment gateway solution providers, has reported a revenue of INR 520 Crores in FY15-16 with a PAT of INR 76 Crores.
According to the webaite Tofler, Billdesk is one of the popular payment gateways used by online merchants and you must have spotted the name while making a payment online. INDIAIDEAS COM LIMITED, which owns and operates Billdesk, reported its 2015-2016 financial result, and its annual revenue at INR 520.2 Crores, is the highest in the company’s history.
Billdesk was estimated to have 70% of the online billing market in India back in 2015. It competes with other billing aggregators like Citrus Payment Solutions, CCAvenue etc. However, with the advent of Payment Banks, BBPOU and UPI amidst the demonetization frenzy, which is yet ...