Multibagger Fintech Company and Madhya Pradesh Gramin Bank Join Forces for Revolutionizing Rural Banking

The stock is down 25 per cent from its 52-week high of Rs 374.95 per share while it gave multibagger returns of 233 per cent from its 52-week low of Rs 84 per share.

JC Ventures Private Limited, a subsidiary of MOS Utility Limited and Madhya Pradesh Gramin Bank have joined forces to significantly enhance financial inclusion in rural India. This strategic partnership aims to deliver essential banking services to underserved communities across the country, particularly in rural areas.

By leveraging the Business Correspondent (BC) model, the collaboration will expand access to banking services to over 25 states. This will empower millions of individuals, especially those residing in remote areas, to open bank accounts, deposit and withdraw funds, and avail loans. The BCs, acting as intermediaries, will simplify financial transactions and eliminate the need for long journeys to physical bank branches.

MOS Utility Limited, with its extensive network of BCs, is well-positioned to facilitate this expansion. The company's robust infrastructure and cutting-edge technology will ensure seamless delivery of banking services. By empowering rural communities, MOS Utility Limited and Madhya Pradesh Gramin Bank are contributing to the overall economic growth and development of India.

About the Company

MOS Utility Ltd, a fintech company established in 2009, offers a comprehensive Unified Open API and Wallet platform. This platform empowers agents to seamlessly facilitate a wide range of services, including instant money transfers, Aadhaar-enabled payments, Micro-ATM transactions, NSDL Kiosk banking, travel bookings, utility bill payments, insurance purchases, digital entertainment, and courier services. By providing a one-stop solution for diverse financial and lifestyle needs, MOS Utility Ltd aims to simplify everyday transactions and enhance customer convenience.

The company has a market cap of Rs 698 crore with Rs 1.65 crore debt. The company also reported amazing numbers in its half-yearly results (H1FY25) and annual results (FY24). The company's shares have a PE of 73x, an ROE of 15 per cent and an ROCE of 15 per cent.

According to the shareholding pattern as of September 2024, the promoters own the majority of the stake (53.07 per cent), while FIIs own 19.05 per cent, DIIs own 0.03 per cent and the rest of the stake is owned by the public shareholders i.e., 27.85 per cent. The peers of MOS Utility Ltd are FSN E-Commerce Ventures Ltd, MSTC Ltd, Creative Newtech Ltd, Vasa Denticity Ltd, Macfos Ltd, Nureca Ltd, etc. The stock is down 25 per cent from its 52-week high of Rs 374.95 per share while it gave multibagger returns of 233 per cent from its 52-week low of Rs 84 per share.

Disclaimer: The article is for informational purposes only and not investment advice.