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Pine Labs

Fintech (Merchant Commerce)Noida, Uttar Pradesh, India

Pine Labs is an Indian merchant commerce and fintech company providing point-of-sale systems, online payments (Plural), issuing and gift-card infrastructure (Qwikcilver), and merchant lending across India, the Middle East and Southeast Asia. Listed on NSE and BSE in November 2025, it processes over 20 million transactions daily across 2 million terminals, 450+ brands and 177 financial institutions.

2StartupFox stories
1998Founded
Fintech(Merchant Commerce)Sector
May 2026Latest coverage

Financials

Revenue and profit after tax as filed with the Registrar of Companies.

FY26Revenuefiled
₹2,711 Cr
PAT₹113 Cr profit
EBITDA
Growth+19% YoY
Basisconsolidated
First profitable full year; adjusted EBITDA ₹560 Cr; GTV $194B (+50%), UPI volumes +68%
Tap any bar to see that year
₹ figures as filed, not restated

Leadership

LKLokvir KapoorCo-founder · Executive Chairman
BAB. Amrish RauMD · CEO
KMKush MehraPresident · Chief Business Officer
SKSameer KamathGroup CFO

The Pine Labs journey

1998 · founded
Founded in Noida by Lokvir Kapoor, B. Amrish Rau, Kush Mehra, Sameer Kamath.
May 2026 · milestone
Posts ₹60 Cr Q4 net profit, capping its first profitable full year (FY26 PAT ₹112.5 Cr) after crossing 1M cumulative merchants in Q2 FY26. ↗
IPO Watchconfirmed
StatusListed (Nov 2025)
₹3,900 Cr IPO; listed November 2025. NSE: PINELABS, BSE: 544606. FY27 revenue growth guidance of 21–23.5%. Source ↗

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Latest on Pine Labs

Fintech
Pine Labs Posts ₹60 Crore Net Profit in Q4 FY26, Reversing Previous Year’s Loss
26 MAY 2026 · 3 MIN READ
Lite Updates
Pine Labs Acquires D2C Checkout Platform Shopflo for ₹88 Crore to Build Full-Stack Commerce Offering
25 APR 2026 · 2 MIN READ

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Frequently Asked

What is Pine Labs?

Pine Labs is an Indian merchant commerce and fintech company providing point-of-sale systems, online payments (Plural), issuing and gift-card infrastructure (Qwikcilver), and merchant lending across India, the Middle East and Southeast Asia. Listed on NSE and BSE in November 2025, it processes over 20 million transactions daily across 2 million terminals, 450+ brands and 177 financial institutions.

Who founded Pine Labs?

Pine Labs is associated with Lokvir Kapoor, B. Amrish Rau, Kush Mehra, Sameer Kamath.

Is Pine Labs profitable?

Per its FY26 consolidated filing, Pine Labs reported ₹2,711 Cr in revenue, with a ₹113 Cr profit.

What is the status of the Pine Labs IPO?

Listed (Nov 2025).

What is the latest news on Pine Labs?

The most recent StartupFox coverage is “Pine Labs Posts ₹60 Crore Net Profit in Q4 FY26, Reversing Previous Year’s Loss” (26 May 2026). All stories are listed on this page.