Noida-based Pine Labs , which announced its initial public offering on Monday, has plans to expand its global footprint. B. Amrish Rau, Chairman & MD and Chief Executive Officer tells Nesil Staney and Christina Titus that he is adding merchants at a CAGR of 30%. Excerpts:

Are you happy with the pricing of the IPO?

When it came to the pricing of this IPO , we were very clear that we want to continue to garner goodwill and get everybody’s support

You have recently turned profitable. What aided it?

Firstly, I would like to highlight that the company has been profitable for the last five years on an adjusted dividend level, especially the last three years. In FY24, the company was about Rs 155 crores adjusted dividend and in FY25, It was over Rs 355 crores.

Even the trend line on our

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