One97 Communications Ltd is an Indian multinational technology company, headquartered in Noida, Uttar Pradesh, India.

Through its subsidiaries and businesses, the company offers digital payment and financial services to consumers and merchants in India.

[13] In January 2015, Ant Financial Services Group picked 25% stake in the company.

[14][15][16] In March 2015, Ratan Tata made a personal investment in One97 Communications's Paytm and joined as an adviser of the company.

[1][27] On 16 July 2021, the company filed draft prospectus for its IPO of up to ₹16,600 crore[28] and various news outlets reported it to be India's largest Initial public offering ever.

[31] The company's initial share sale aimed to raise ₹18,300 crore at a band of ₹2,080-2,150, valuing it at ₹1.39 trillion.

[35][36] However, its shares fell 13% and 27% respectively on the days succeeding its listing[37] and has continued to slide sparking criticism on its valuation methodologies, inviting regulatory scrutiny.

[38] According to RedSeer, it has the largest payments platform in India with a gross merchant value of Rs 4,033 billion in the financial year 2021.

[48] In March 2014, One97 was announced as the Most Innovative Company of the Year 2014 at the Business Standard's Awards.