December 13, 2017 2:44 AM ET

IT Services

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

Company Overview

Oxigen Services (India) Pvt. Ltd. provides payments solutions. The company offers service aggregation and distribution by using mobile, point-of-sale, and Web for online payment processing and money transfer services. It provides prepaid, postpaid, and subscription based services, such as mobile money transfer, recharges, bill payments, ticketing, and subscriptions for various service providers across various industries, such as telecom, direct to home TV, Internet broadband, travel (railways/airlines/bus), cinema/movie tickets, utility bill payments, gaming, music and movie downloads, and more. The company was incorporated in 2003 and is based in Gurgaon, India.

Building no 94

Institutional Area

Sector 32

Gurgaon,  122001


Founded in 2003


91 12 4716 1100


91 12 4436 2151

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

Founder, Chairman and Managing Director
Age: 52
Joint Managing Director and Director
Vice Chairman and Joint Managing Director
Group Chief Financial Officer
Chief Operating Officer
Age: 45
Compensation as of Fiscal Year 2017.

Oxigen Services (India) Pvt. Ltd. Key Developments

Oxigen Services to Deploy Micro-ATMs to Adarsh Credit’s Advisors for Paperless Financial Services

Oxigen Services and Adarsh Credit Co-operative Society have signed an agreement to deploy Micro-ATMs to Adarsh Credit’s advisors, for branch-less banking and financial services. Oxigen Services aims to appoint Adarsh Credit’s active base of 100,000 advisors across India as business correspondent agents of Oxigen to offer services such as paperless bank account opening through e-KYC, banking services like Aadhaar-enabled payment system, cashless Bharat Bill Payment services, and recharges. In a reciprocal effort, a selection of Oxigen’s retail network of 200,000 touch points will also become business correspondents of Adarsh Credit. The Oxigen retailers will have access to all products from Adarsh Credit, like fixed deposits and recurring deposits, share capital, loans and various other financial services for their own use as well as their customers’ use.

Oxigen Services Seeks Strategic Investor For Its Online Business

Oxigen Services (India) Pvt. Ltd. will soon bring in a foreign strategic investor for its online business, according to Pramod Saxena, Chairman & Managing Director. The formal arrangement, which could lead to the foreign investor bringing in investments of about $50 million, will be sealed in the next three-four weeks, Saxena told Business Line. “This should help scale up our online business. When we bring a strategic investor, we are going to dilute. We are not going to give up control of our online business", Saxena added. For scaling up its online business, Oxigen Services is planning to invest about $50-$60 million over the next two years, he said.

Oxigen Services Appoints Saleem Mobhani as Chief Operating Officer

Oxigen Services announced that it has appointed Saleem Mobhani as its Chief Operating Officer. Mobhani will oversee daily operations at the company. He will also be responsible for strengthening the market position of Oxigen Wallet. Mobhani has about 20 years of experience in industries including Media, Entertainment, and Telecom. Prior to Oxigen, he held the role of VP, Global Partnerships at Saudi Telecom. He has also held various executive and advisory roles at Vserv as VP; Digital, Media and Entertainment at du; Senior VP and Head of mEntertainemnt at Bharti Airtel; VP and COO at Hungama Mobile; and Director at indiaFM.

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Recent Private Companies Transactions

No transactions available in the past 12 months.

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