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April 27, 2015 10:13 PM ET

IT Services

Company Overview of Oxigen Services (India) Pvt. Ltd.

Company Overview

Oxigen Services (India) Pvt. Ltd., a payment solutions provider, engages in the business of service aggregation and distribution, mobile and online payment processing, and money transfer services. It offers wallet services to enables consumers to do mobile, direct to home (DTH), and broadband/data top ups/recharges; money transfers; bill payments, such as post paid mobile, landline, electricity, and other utilities; and transactions with online merchants. The company’s platform also allows retailers to dispense services, such as mobile recharge, bill payments, DTH/TV recharge, hotel booking, broadband recharge, movie tickets, mobile wallet top-ups, airline tickets, railway and bus tickets, a...

Plot No. 94

Institutional Area

Sector 32

Gurgaon,  122001

India

Founded in 2003

Phone:

91 12 4395 0100

Fax:

91 12 4436 2151

Key Executives for Oxigen Services (India) Pvt. Ltd.

Founder, Chairman and Managing Director
Age: 49
Deputy Chief Financial Officer and Finance Controller
Group President of Corporate Strategy & Retail Business
Deputy Managing Director and Director
Chief Development Officer of USA
Compensation as of Fiscal Year 2014.

Oxigen Services (India) Pvt. Ltd. Key Developments

Oxigen In Talks With Investors To Raise Funds

Oxigen Services (India) Pvt. Ltd. is in advanced talks with investors to raise funds in the range of $150 million-$200 million, a major part of which is expected to materialize by June 2015. Pramod Saxena, Managing Director of Oxigen Services (India) Pvt. Ltd., said, "We are in advanced stage of talks with investors. The amount is in the range of $150 million-$200 million out of which we will announce raising a significant amount in the next 2-3 months."

Oxigen Services Seeks Financing

Oxigen Services (India) Pvt. Ltd. is planning to raise funds. The company is looking to raise $200 million from private equity investors, strategic investors and development financial institutions and is expecting to close the deal of $50 million as part of the first tranche by the end of 2014. It intends to utilize the funds to ramp its mobile wallet offerings and for marketing efforts.

Oxigen Services (India) Pvt. Ltd. Launches Instant Money Transfer Service

Oxigen Services (India) Pvt. Ltd. announced that it has launched instant money transfer service that enables the unbanked masses of India to transfer money to any bank account and receive money. People who do not have a bank account would now be able to transfer and receive funds from any bank into the OxiCash Wallet. These money transfers are instant & made on real time basis.

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