The company was incorporated as a private limited Company under the name ‘MOS Utility Private Limited’, under the provisions of the Companies Act, 1956 and Certificate of Incorporation was issued by the Registrar of Companies, Maharashtra, Mumbai on July 27, 2009. The status of the Company was changed to public limited and the name of the company was changed to ‘MOS Utility Limited’ vide Special Resolution dated July 05, 2022. The fresh certificate of Incorporation consequent to conversion was issued on August 03, 2022 by the Registrar of Companies, Mumbai. Chirag Dineshbhai Shah and Nikhil Dineshbhai Shah were the initial subscribers to the Memorandum of Association (MOA) of the company.
MOS Utility is a technology enabled provider of digital products and services in the B2C, B2B and financial technology arena through an integrated business model via its online portal i.e. www.biz-solutionz.com. It provides business opportunities for shopkeepers, retailers, students, housewives, professionals, insurance agents to start their own futuristic online e-commerce business with an intention to promote government’s ‘Vocal for Local’ campaign. It organizes its business under seven primary business segments, (i) banking, (ii) travel, (iii) insurance, (iv) utility services, (v) entertainment services, (vi) franchisee and (vii) other services. It focuses on the convergence of financial exchange channels, processes and are a comprehensive platform, where it aims to serve its customers’ needs, bringing together the advantages of B2B, B2C and B2B2C models within a single platform. Its diversified exchange platform allows it to harness synergies and provides cross-selling and upselling opportunities to both consumers and businesses.
It has a ‘phygital’ strategy (i.e. physical and digital) that combines over 1,68,018 network partners which includes agents, distributors and master distributors for payment solutions, remittance, utility, travel and insurance products etc throughout PAN India as of September 30, 2022, with a digital online platform for its offerings. This results in a business model which is intended to provide a smooth customer experience regardless of product, service or location. Its network size and diversity, converging front-end distribution channels with back-end technology function provides it with a competitive edge.
Business area of the company
The company is a technology enabled provider of digital products and services in the B2C, B2B and financial technology arena through an integrated business model via its online portal i.e. www.biz-solutionz.com.
Services of the company
- Banking services
- Travel services
- Insurance services
- Utility services
- Entertainment services
- API/Wallet remittance
- Courier services
Awards, accreditations or recognition
- 2014-15: Certificate of recognition for valuable contribution by IndiGo.
- 2018: Winner of Best Decoration Award at Travel and Tourism Fair at Ahmedabad.
- 2018-19: Received the Top Contributor Business Award from Indigo.
- 2019: Certificate of Accreditation by International Air Transport Association.
- 2022: Winner of Best Thematic Pavilion Decoration Award at OTM.
History and milestones
- 2009: Incorporated as Private limited Company.
- 2010: Launched flight ticketing business.
- 2012: Started acting as business correspondent of Yes Bank.
- 2014: Started business of train ticketing by becoming authorised principal service provider of IRCTC.
- 2015: Launched PAN card services in association with UTI Infrastructure Technology and Services Limited.
- 2016: Became corporate insurance agent under Insurance Regulatory and Development Authority of India (IRDAI).
- 2021: Started acting as business correspondent of NDSL Payments Bank Limited.
- 2021: Started project to develop studio no. 13, 14 and 15 in Film City, Goregaon.
- 2022: Change in constitution of the company from Private to Public Limited.
- 2022: Launched Courier Services.