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Dreamfolks Services was originally incorporated as ‘Believe Tradelink Private Limited’, at New Delhi as a private limited company under the Companies Act, 1956 and received a certificate of incorporation issued by the Registrar of Companies, National Capital Territory of Delhi and Haryana at Delhi (RoC) on April 24, 2008. Subsequently, pursuant to a special resolution passed by the Shareholders of the Company on May 1, 2015, the Company’s name was changed to ‘Dreamfolks Services Private Limited’, and a fresh certificate of incorporation dated June 12, 2015, was issued to the Company by the RoC. Thereafter, the Company was converted into a public limited company pursuant to a special resolution passed in the extraordinary general meeting of its Shareholders held on October 20, 2021 and the name of the Company was changed to its present name pursuant to a fresh certificate of incorporation issued by the RoC on November 23, 2021.
Dreamfolks Services is a dominant player and India's largest airport services aggregator platform, facilitating an enhanced airport experience for passengers through a technology-driven platform. Its asset-light business model integrates global card networks operating in India (Card Networks), credit and debit card issuers (Card Issuers), and other corporate clients, including airline companies (Corporate Clients and, together with Card Networks and Card Issuers, the Clients), with various airport lounge operators and other airport-related service providers (collectively, the Operators) on a unified technology platform. The company facilitates access for customers of its Clients (Consumers) to a range of airport-related services, including: (i) lounges, (ii) food and beverage, (iii) spa services, (iv) meet and assist services, (v) airport transfers, (vi) transit hotels/nap room access, and (vii) baggage transfer services (collectively, the Services).
The company’s platform and services portfolio allow Card Networks, Card Issuers, and Corporate Clients to build bespoke solutions addressing disparate aspects of airport services for Consumers. Card Networks and Card Issuers can avail of any of the Services and may provide complimentary lounge access and complimentary access to other Services to the Consumers as part of their offerings under eligible credit and debit cards programmes, and it enable this access across Services. Corporate Clients also leverage its solutions to extend benefits to their user base and facilitate access to Services. It provides Clients the option of providing the Consumers different mechanisms to access certain airport related services like lounges via the more traditional mechanisms like credit cards or debit cards, membership cards, or via digital solutions such as mobile applications using its hybrid technology.
Business area of the company
The company and its subsidiaries primarily integrate global card networks operating in India, card issuers, and corporate clients including airline companies with various airport lounge operators, transport operators, golf course operators and other airport service providers on a unified technology platform. The company is engaged in providing benefit management services through a proprietary technology platform that empowers clients such as banks, card networks, airlines, and corporations to tailor airport and lifestyle service offerings for their end customers.
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