Ann: Annual Report to shareholders, page-33

Fintech is a name ...a generic description for a sector that company's activities fall into .

No different to Mining , Biotech , Manufacturing etc etc - PIL falls into the category of "Fintech" by definition of its activities .

People make good companies / regardless of the sector . Just because a company is a public company doesn't necessarily make the people behind the company any good .

Meanwhile measuring progress and reporting on same is important , unfortunately PIL have a very poor track record for doing this in any transparent fashion . They have had plenty of opportunity to change this ......

How long will their substantial shareholders maintain their patience ???

PIL blame COVID for delays and issues - yet just about every other "Online " business has experienced huge growth during COVID . ( Go Figure )

In theory PILs model sounds good .

In practice it needs to be a summation of finely tuned parts to work . Unless all those parts come together seamlessly and effectively the model fails to work ...... or at least fails to meet expectations .

ITs really not hard to report fact ( as opposed to a whish list )