Every household consumes numerous essential services like electricity, gas, water, landline, banking, mobile phones, etc. Besides these, households also need services with discretionary spending like DTH, travel, entertainment, remittance / money-transfers, financial services, etc. India, the largest democracy with over 250 million households, is witnessing enormous growth in the services industry. While new services are being introduced, the consumer base of the already offered services is growing at a steady pace.
The process of availing and making payments for these services is often cumbersome and time-consuming due to the lack of an effective and sufficient service delivery channel.
Pay Point’s solution capitalizes on this enormous need, which will continue to grow in view of the under-penetration of the offered services, growth of the service sector and increase in spending power of the average consumer.
Pay Point India’s solution provides consumers a quick and easy, single stop access to a wide array of services. Consumers can purchase or make payments for almost any fast moving consumer service, like Utilities, Travel, Cinema, DTH / Mobile Recharge, Banking & Financial services, etc in their neighborhood.
Pay Point provides consumers this convenience by creating a franchise network of conventional mom and pop stores located in the consumer's neighborhood. These franchisees are equipped with a multifunctional terminal, which is connected to the service providers' servers and executes transactions on a real-time basis. Pay Point has contractual agreements with service providers and is authorized to issue legally valid reservations and receipts to consumers.
Ketan C. Doshi
Masters in Financial Services Management, Mumbai University. Diploma in Investment, Jamnalal Bajaj Institute of Mgmt Studies. Inter Chartered Accountancy. With a ground-level approach and first-hand experience, Ketan has founded and built many successful enterprises. He has developed a strong understanding of business operations and resource planning while interacting with large corporates during his decade long stint at the capital markets. This first generation entrepreneur's inclination towards the service sector and obsession towards providing un-matchable service seeded the incorporation of Pay Point India. As the MD/CEO at Pay Point India, he leads the team with his strategic intervention to convert the potential into active performance. His knowledge and experience with managing resources and operations compliments his decision-making prowess. He recruits, mentors and monitors the performance of the senior team members while assessing the quality of work and ensures that the targets are met. His ability to find the right talent has created a team that can take on any challenge and bring in inclusive growth.
Pradip C Mehta
CA & LLB. With an experience of over 25 years he plays an instrumental role at Pay Point India. He practices Chartered Accountancy as a partner of M/S Mehta Kothari and Associates since 1983. He holds Board level positions in various Manufacturing and Financial organizations. Pradip has audited bank branches and Mutual Funds, Public and Private companies. His exposure, education and experience in Law & Chartered Accountancy enable him to seamlessly handle Taxation related investigations for companies. Mehta Kothari & Associates has a commendable clientele for their boutique services. He enjoys mentoring new ventures and makes angel investments; few of successful investments that went public include Tricom India &Tricom Fruits. At Pay Point India, Pradip helps in making important policy decisions, and provides guidance from time to time.
He is the Founder and Managing Director of Vichare Couriers. Founded Vichare Couriers in 1996 with a Degree in Commerce and a modest capital. Today, after nearly 15 years, it has grown to over 5,000 full time employees and over 100 offices. Vichare Couriers is an example of reliability and efficient service. Vichare has fixed contracts with over 30,000 corporate clients and delivers over 5,00,000 articles daily during peak seasons.He gained patronage by introducing challenging practices such as "next day delivery" and recently "Same day delivery". At Pay Point India, he provides time-to-time support and guidance for operation and logistic related strategy.
Partner at India's leading Legal Firm, DSK Legal. LLB, Solicitor, Supreme Court (England, Wales & Bombay) Is a member of the Bar Council & Incorporated Law Society (Bombay) Member of Bombay Incorporated Law Society & Law Society, UK. Sajit expertizes in Corporate Advisory, Litigation & Arbitration and Real Estate, with a leading rank in the country and commendable client list. Has won various awards in India and abroad, personally and for DSK Legal. DSK Legal received the 'Silver Award' for Best Indian law Firm 2011 at the International Legal Alliance Summit & Awards, Paris. DSK Legal received the award for "India's Most Admired Legal Firm" at the India Leadership Conclave 2011, the nation's biggest leadership event organized by Indian Affairs in association with the Indo-American Chamber of Commerce (IACC). At Pay Point India, Sajit guides the team with all legal aspects, compliances, copyrights, agreements and litigations.
Graduate Diamond from GIA, America. Is the youngest Member of the core-team with over 5 years of experience before Pay Point India with a multinational corporate in the luxury industry. Held a senior management position for sales & communication while handling some key accounts. At Pay Point, he takes care of key Communications, Creatives and Design. As the co-founder he actively participates in the new product and strategy evaluation with his innovative thought process.