On April 9, 2025, the National Company Law Tribunal (NCLT) approved Pine Labs’ plan to merge its Singapore entity with its Indian counterpart, effectively completing the company’s “reverse flip” back to India.
This move aligns with Pine Labs’ strategy to enhance operational efficiency and supports its long-term vision of delivering value to customers, partners, and stakeholders. The company is now positioned to pursue its planned $1 billion initial public offering (IPO) on Indian stock exchanges later this year.
Pine Labs, founded in 1998, offers payment solutions including point-of-sale terminals and online payment gateways. The company serves over 500,000 merchants across India, Southeast Asia, and the Middle East. Its investors include Temasek, PayPal, Mastercard, and Peak XV Partners.
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