Pine Labs Limited is an Indian fintech powerhouse that transitioned from a private unicorn to a publicly listed entity in November 2025. The company has consolidated its position as the market leader in merchant acquiring and digital affordability solutions. Under the leadership of Executive Chairman and MD Amrish Rau, Pine Labs serves a massive ecosystem of over 1 million merchants and nearly 200 financial institutions globally. The company is at the forefront of the "AI-in-Fintech" wave, having integrated OpenAI's intelligence to automate complex commerce workflows.;

CEO/MD

Amrish Rau

Founded in

1998

NSE symbol

PINELABS

Shareholding Pattern

Jun '25

Oct '25

Nov '25

Dec '25

Mar '26

Foreign Institutions
76.83%
Retail And Others
11.36%
Mutual Funds
8.88%
Other Domestic Institutions
2.92%

Mutual Funds Invested (4)

Fund name	AUM%
SBI Mid Cap Direct Plan Growth	1.90
HSBC Focused Fund Direct Growth	1.47
Mirae Asset Banking and Financial Services Fund Direct Growth	0.80
Mirae Asset Midcap Fund Direct Growth	0.63

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BSE • 6 days ago

Pine Labs Ltd acquires Shopflo Technologies Pvt Ltd for up to ₹88 Cr to strengthen its unified commerce platform. Shopflo enhances D2C merchant tools, improving conversion rates by 15-20% with checkout optimization and consumer engagement tech.

Livesquawk • 2 weeks ago

Citi initiates Buy on Pine Labs, target ₹235, citing strong leadership, profitability focus, and stable position. Improving monetization in payments fintech, rising compliance barriers, and sticky enterprise integrations support growth.

Financial Express • 2 weeks ago

IPO lock-in expirations starting April 15 unlock Rs 5L crore in shares across firms like Tata Capital, Meesho, LG India, and Pine Labs. Nuvama report highlights 81 firms unlocking shares by July 2026, with major market players seeing significant share eligibility changes.

Livesquawk • 3 weeks ago

JPM initiates Neutral on Pine Labs with ₹165 target, citing 23-25% CAGR in digital payments TAM. Strong merchant network, EBITDA margin to ~27% by FY28; revenue CAGR moderates to ~17%.

The Economic Times • 1 month ago

RBI penalized Bank of India, Central Bank of India, Union Bank, and Pine Labs for non-compliance. Penalties imposed: Rs 95.4L on BOI, Rs 63.6L on CBI, Rs 58.5L on UBI, Rs 3.1L on Pine Labs.

ScoutQuest • 1 month ago

RBI penalizes Pine Labs for KYC violations tied to prepaid instruments.

CNBC TV18 • 1 month ago

RBI fined Pine Labs ₹3.1 lakh for issuing full KYC PPIs without proper customer verification, citing compliance gaps. Pine Labs shares fell 3% to ₹159.45 on NSE, down 32% YTD; UBS sees 43% upside vs Paytm valuation.

Business Standard • 1 month ago

VerbaFlo, an AI-driven real estate platform, raised $7M in seed funding. The round was led by Pi Labs, with Haatch, Navigate Ventures, and others participating.

The Hindu BusinessLine • 2 months ago

Pine Labs to introduce stablecoin prepaid card in 9 countries by April. CEO confirms expansion to Middle East, Africa, and Southeast Asia.

Livesquawk • 2 months ago

Pine Labs secures multi-year deals with India's top 3 oil firms for payment upgrades. Contracts involve 130,000 devices deployment and managing IOCL's Xtrapower rewards.

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Vaishnavi Tech Park, South Tower, 3rd FloorSarjapur Main Road, Bellandur, Bengaluru – 560103Karnataka

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