For fiscal year 2017, Paytm's parent company One97 Communications reported revenue of INR828 crore ($111 million), up 38.6%. In order to reduce losses, the company has restructured its business. It spun off its e-commerce platform into Paytm Ecommerce. Net loss narrowed down to INR 879 crore ($118 million) in 2017 from INR1,510 ($203 million) in 2016, INR372 crore ($50 million) in 2015. It had reported a profit of $800K in 2014.