In an interview, Yashish Dahiya, Chairman and Chief Executive Officer of PB Fintech highlighted the following –
- “We started our new initiatives after the market started focusing on profitability. We are not reducing our new initiatives or killing them. We are only getting a little more efficient, which is exactly what we would do anyway. We’re not trying to become profitable in a hurry.”
- “Becoming profitable is inevitable for us. To be profitable is an automatic outcome of growth. You can become profitable sooner by slowing down growth, but do that and the business will not last.”
- “Our aim is to have Rs 1,000 crore in profits by FY26-27.”
It’s a very bold remark by Mr Dahiya in the current market conditions wherein investors are looking for profitability roadmap from new age start-ups.
Target of Rs 1,000 crore profits by Fy 27 (i.e., >4 yrs) is unlikely to provide any comfort.