- Pine Labs is a leading digital payments solutions provider for merchants, offering services such as PoS/MPoS systems, payment gateways, and lending solutions, with a reported revenue of ₹1,695.2 crore in FY25, marking a 23.31% increase from the previous year.
- In March 2026, Pine Labs announced plans to launch a stablecoin-backed prepaid card in nine countries across the Middle East, Africa, and Southeast Asia, expanding its global footprint and tapping into the growing stablecoin market.
- The company has established partnerships with major global payment firms and is focusing on markets with a favorable stance on stablecoins, although it does not plan to introduce its new product in India or China.
- Pine Labs' ideal buyers are merchants looking for innovative payment solutions to enhance customer experience and streamline transactions, particularly as the company has recently swung to profitability with a net profit of ₹42 crore in Q3 FY26, indicating a strong recovery and growth potential.
Business Management is the largest group at Pine Labs, accounting for roughly 30 % of headcount with 243 employees. Sales and Support (175 employees) and Engineering (170 employees) follow closely, together making up another 42 % of the workforce and underscoring the dual focus on customer acquisition and technology delivery. Mid-sized functions include Marketing & Product with 73 employees and Finance & Administration with 42 employees, while Consulting, Operations, Human Resources, and Program & Project Management collectively represent under 15 % of staff. This distribution highlights a balanced investment in go-to-market, technical, and corporate capabilities.
The company’s talent is concentrated across several Indian tech hubs. Bengaluru hosts the largest single office at 127 employees, followed by Delhi with 109, Noida with 101, and Mumbai with 94. Smaller yet strategic presences exist in Gurugram, Pune, Hyderabad, Ghaziabad and Ahmedabad, while a distributed “Other” category—representing 294 employees—covers remote staff and additional satellite locations. This geographic spread provides access to diverse talent pools while keeping the core of operations close to key merchant markets.
