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SUMMARY
The remaining 30% stake in the digital payments infrastructure company is held by its cofounders George Sam and Guhan Muthusamy, who will remain at the helm
PayU CEO Anirban Mukherjee told ET that the company intends to propel Mindgate towards building and strengthening credit products on UPI
Without disclosing exact figures, Mukherjee noted that Mindgate’s revenue grew 40% and EBITDA 2X in FY25 from FY24. Mindgate posted a net profit of INR 23 Cr in FY24 on a revenue of INR 260 Cr.
Months after it acquired a 43%…
