Company lists
The India edition · 2026

Service providers to bankscompanies in India

Credit & loan intermediaries, banking correspondents & ATMs, debt recovery, investment banking & advisory, consulting & accounting and more: the companies building service providers to banks in India, with their founders, funding, team size and business models.

473 company profiles199 with reported revenue22 with recorded fundingSeptember 2026 edition
India · Photo: Wikimedia Commons (CC BY-SA 4.0)

Recent service providers to banks business events in India

Funding, M&A, contract wins and launches involving 632 service providers to banks companies in India, last 24 months: 24 M&A deals · 16 Contracts · 11 funding rounds · 10 launches. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: Apr 2026.

LaunchPRISM

Axis Trustee Services

Axis Trustee Services Limited, a wholly owned subsidiary of Axis Bank, has launched PRISM, a digital-first platform aimed at strengthening its transition into a FinTech‑led trustee…

Trustee services platform
ContractGovernment

National asset reconstruction · client: Mcleod Russel India

The Khaitan family, promoters of McLeod Russel India Ltd, have secured a reprieve through a debt restructuring deal with the National Asset Reconstruction Company Ltd.

FundingRight issue

5paisa capital

Digital Investment Platform 5Paisa Capital has successfully completed its right issue of Rs 468.8 crore. The company’s right issue got a total of 1.24 times subscription. According to…

Fintech
LaunchSecured Redeemable Non-Convertible Debentures (NCDs)

Icl fincorp

ICL Fincorp is proud to announce the launch of its latest public issue of Secured Redeemable Non-Convertible Debentures (NCDs), opening on 10th April 2026.

M&AAcquisition

Cms info systems acquires Financial Software and Systems

CMS Info Systems acquired the managed ATM services business of Financial Software and Systems for $12 million

Funding

Metafin

"Metafin raised $10 million in debt,"

Investors Na
Lending
M&AAcquisition · Announced

Cms info systems acquires Financial Software and Systems (FSS)

CMS Info Systems on Sunday announced the acquisition of Financial Software and Systems (FSS) managed services business for Rs 115 crore to strengthen its position in the end-to-end ATM…

Financial Software / Managed Services
M&AMerger · Announced

National asset reconstruction acquires India Debt Resolution Co (IDRCL)

plans underway to merge the National Asset Reconstruction Co (NARCL) and India Debt Resolution Co (IDRCL), people familiar with the matter told ET.

Financial Services
M&AAcquisition · Completed

Na acquires Infina finance

Kotak Mahindra Bank has announced the completion of the sale of its stake in Infina Finance Private Limited.

M&AAcquisition · Announced

KF Trust acquires Infina finance

Kotak Mahindra Bank, through its wholly-owned subsidiary Kotak Mahindra Capital Company Limited (KMCC), has announced the sale of a significant portion of its stake in Infina Finance…

Financial Services
M&AAcquisition · Announced

Estate of Shri Rakesh Jhunjhunwala through its Trusts acquires Infina finance

Kotak Mahindra Bank, through its wholly-owned subsidiary Kotak Mahindra Capital Company Limited (KMCC), has announced the sale of a significant portion of its stake in Infina Finance…

M&AAcquisition · Announced

Derive Trading and Resorts Private Limited and Bright Star Investments Private Limited acquires Infina finance

Kotak Mahindra Bank, through its wholly-owned subsidiary Kotak Mahindra Capital Company Limited (KMCC), has announced the sale of a significant portion of its stake in Infina Finance…

M&AAcquisition · Completed

DC&T Global Private Limited acquires Metafin

DC&T Global Private Limited, a wholly owned subsidiary of Belding India Limited, has successfully acquired 55% shareholding in Metafin Technology Private Limited on March 5, 2026.

Engineering, Industrial Equipment & Automation
M&AAcquisition · Completed

Ppfas mutual fund acquires Cms info systems

The mutual fund acquired 17,64,757 shares of CMS Info Systems through open market purchases on February 26, 2026. This acquisition represents 1.07% of the company's total share capital…

IT Services
FundingSeries C

Olyv

Bengaluru-based Olyv, a consumer lending platform, has raised INR 207 crore (about USD 23 million) in a Series C funding round from Nandan Nilekani’s The Fundamentum Partnership and…

Investors Nandan Nilekani’s The Fundamentum Partnership, Japan’s SMBC Asia Rising Fund
Consumer lending
Funding

Care.Fi

Care.fi landed $8 million to help hospitals in India run better and faster…

Health
LaunchSecured Redeemable NonConvertible Debentures (NCDs)

Icl fincorp

ICL Fincorp has announced the launch of its latest public issue of Secured Redeemable NonConvertible Debentures (NCDs), opening on 5th February 2026.

M&AAcquisition · Completed

Mahi Madhusudan Kela acquires Emkay Global Financial Services

Indian investor Mahi Madhusudan Kela acquired a 1.12% stake in Emkay Global Financial Services during the quarter ended December 31, 2025.

Investment banking, wealth management and portfolio management services
M&AAcquisition · Announced

Care.Fi acquires Aldun

Care.fi, a healthcare-focussed fintech founded by Vikrant Agrawal and Sidak Singh, announced its acquisition of Aldun, a discharge-automation platform known for enabling near-instant,…

Healthcare Software
ContractSupply

KMI Business Technologies · client: Print City Digital Press

New Delhi-based Print City Digital Press has opted for Konica Minolta Bizhub Press C8000 to increase its production capacity from the current 2,000 to 5,000 A3 sheets per day. The…

Digital printing
M&AAcquisition · Completed

Omkara Asset Reconstruction Company (Omkara ARC) acquires National asset reconstruction

Omkara Asset Reconstruction Company (Omkara ARC) has successfully acquired ₹3,763 crore debt of Wind World India Limited (WWIL) from the National Asset Reconstruction Company Limited…

Asset Reconstruction
FundingMaiden external equity fundraise

Hiranandani financial services

Hiranandani Financial Services (HFS), a Non‑Banking Financial Company (NBFC) focused on empowering micro and small‑business entrepreneurs, today announced its maiden external equity…

Financial Services
FundingEquity investment

Emkay Global Financial Services

Shares of Emkay Global Financial Services have rallied 44% in the last two sessions on the back of Rs 227.5 crore fund infusion.

Investors Kirti Doshi, Antique Securities, Krishna Kumar Karwa, Prakash Kacholia
Financial services
M&AAcquisition · Announced

Crisil acquires Mckinsey

Crisil, an S&P Global Company, today said it has acquired McKinsey PriceMetrix Co (“PriceMetrix”), a provider of performance benchmarking and data-driven insights for the wealth…

Wealth Management Benchmarking & Data Analytics
M&AAcquisition · Announced

Crisil acquires PriceMetrix

Crisil, an S&P Global Company, announced the acquisition of McKinsey PriceMetrix Co. ("PriceMetrix"), a leading provider of performance benchmarking and data-driven insights for the…

Performance Benchmarking
M&AAcquisition · Announced

Kirti Doshi acquires Emkay Global Financial Services

Emkay Global Financial Services on Monday announced that industry veteran Kirti Doshi has acquired a 21% stake in the company.

Financial Services
M&AAcquisition · Completed

Icici prudential mutual fund acquires Cms info systems

ICICI Prudential Mutual Fund has increased its stake in CMS Info Systems Ltd by 0.30%, acquiring 4,95,633 equity shares on September 03, 2025.

LaunchAVA (Axis Trustee Virtual Assistant)

Axis Trustee Services

Axis Trustee Services Limited (ATSL), a wholly-owned subsidiary of Axis Bank and a leading name in corporate and fiduciary services in India, has announced the launch of AVA (Axis…

AI-powered chatbot
ContractService

Adlift · client: Olyv

AdLift, a global digital marketing agency (now acquired by Liqvd Asia), has been awarded the SEO and content marketing mandate for Olyv

Digital Marketing

Service providers to banks companies in India, by revenue

Browse service providers to banks companies in India by reported revenue, one-year revenue growth, revenue model, age and stage. The 50 companies below are the largest by their most recent reported revenue among 199 service providers to banks companies in India that have filed a figure in the last four years. Every figure keeps its own reporting period, so compare periods before comparing amounts.

Showing 25 of 50

Providing technology services to various business lines, including corporate and institutional banking, wealth management, and retail banking

Service providers to banks
₹3,802.19 crFY 2024-25
+13%2024–2025
—Not available
21 yr2005
2postings · last posted Sep 2026

Provider of cash management, banking automation, remote monitoring, and card personalization services

Service providers to banks
₹2,475.21 crFY 2024-25
+8%2024–2025
9,808+10% 12 mo to Mar 2024LinkedIn · Jul 2026
18 yr2008
15postings · last posted Sep 2026

Provider of loan and syndicated credit services

Service providers to banks
₹936.73 crFY 2021-22
Not reported
128LinkedIn · Jul 2026
18 yr2008
0none in 3 months

Asset reconstruction Company

Service providers to banks
₹929.19 crFY 2024-25
Not reported
16LinkedIn · Jul 2026
19 yr2007
0none in 3 months

Provider of credit cards, financing, banking, and marketplace for consumers

Computers & accessories
₹695.49 crFY 2021-22
Not reported
5,561+7% 12 mo to Feb 2024recorded Feb 2024
30 yr1996
0none in 3 months

Manufacturer of ATM

Service providers to banks
₹670.17 crFY 2024-25
Not reported
340-2% 12 mo to Sep 2024LinkedIn · Jul 2026
20 yr2006
0none in 3 months

Provider of MSME business loan against property to rural and semi rural communities

Microfinance
₹579.01 crFY 2024-25
+5%2024–2025
762+8% 12 mo to Jul 2024LinkedIn · Jul 2026
17 yr2009
0none in 3 months

Provider of secured loans against shares, property, and employee stock options

Service providers to banks
₹466.95 crFY 2023-24
+105%2023–2024
130LinkedIn · Jul 2026
18 yr2008
0none in 3 months

Provider of asset reconstruction services for financial institutions

Service providers to banks
₹443.83 crFY 2024-25
-17%2024–2025
76+17% 12 mo to Sep 2024LinkedIn · Jul 2026
19 yr2007
0none in 3 months

Non-banking financial institution tasked with cleaning up legacy stressed assets

Service providers to banks
₹441.00 crFY 2024-25
+42%2024–2025
16LinkedIn · Jul 2026
5 yr2021
0none in 3 months

Global cash logistics and private security services

Service providers to banks
₹433.45 crFY 2024-25
+11%2024–2025
1,011+6% 12 mo to Jul 2024LinkedIn · Jul 2026
21 yr2005
0none in 3 months

Broker-based online trading and investment platform

Investment tech
₹394.74 crFY 2023-24
+16%2023–2024
1,007+3% 12 mo to Mar 2024LinkedIn · Jul 2026
10 yr2016
2postings · last posted Sep 2026

Provider of financial products including business, working capital, and MSME loans

Consumer and sme loans
₹395.73 crFY 2024-25
+245%2024–2025
940+41% 12 mo to Aug 2024LinkedIn · Jul 2026
21 yr2005
0none in 3 months

Provider of investment management, institutional equity, and investment banking services

Investment banks
₹361.24 crFY 2024-25
+15%2024–2025
851+5% 12 mo to Mar 2024LinkedIn · Jul 2026
31 yr1995
0none in 3 months

A personal loan and financial solutions provider

Service providers to banks
₹355.02 crFY 2024-25
+41%2024–2025
434+7% 12 mo to Sep 2024LinkedIn · Jul 2026
9 yr2017
0none in 3 months

Provider of asset management services

Asset management
₹273.48 crFY 2024-25
-20%2024–2025
80+23% 12 mo to Sep 2024LinkedIn · Jul 2026
24 yr2002
0none in 3 months

Provider of operational and financial restructuring for distressed asset revival

Service providers to banks
₹258.07 crFY 2024-25
+127%2024–2025
24-45% 12 mo to Sep 2024LinkedIn · Jul 2026
10 yr2016
0none in 3 months

Provider of architectural design, planning, and project management services

Service providers to banks
₹243.20 crFY 2023-24
Not reported
143+17% 12 mo to Sep 2024LinkedIn · Jul 2026
12 yr2014
0none in 3 months · last posted Jun 2026

Provider of kiosk banking services and related financial service solutions

Service providers to banks
₹235.23 crFY 2024-25
+12%2024–2025
—Not available
2 yr2024
0none in 3 months

Provider of technology-enabled financial solutions and services for millions, redefining financial solutions

Service providers to banks
₹216.92 crFY 2022-23
+339%2022–2023
56+37% 12 mo to Sep 2024recorded Sep 2024
10 yr2016
0none in 3 months

Provider of financial services

Service providers to banks
₹162.68 crFY 2024-25
-24%2024–2025
33+57% 12 mo to Sep 2024recorded Sep 2024
11 yr2015
0none in 3 months · last posted Apr 2026

Provider of financial services

Service providers to banks
₹150.68 crFY 2024-25
-4%2024–2025
1,360+22% vs previous recordrecorded
26 yr2000
18postings · last posted Sep 2026

Offshore subsidiary of OneSavings Bank Group, providing operational service support

Service providers to banks
₹129.07 crFY 2021-22
+34%2021–2022
1,039+8% 12 mo to Sep 2024recorded Sep 2024
22 yr2004
2postings · last posted Sep 2026

Provider of credit facilities secured by mutual fund and share holdings

Service providers to banks
₹105.19 crFY 2023-24
+91%2023–2024
—Not available
30 yr1996
0none in 3 months

Home

Service providers to banks
₹105.13 crFY 2024-25
+34%2024–2025
1,299LinkedIn · Jul 2026
8 yr2018
0none in 3 months · last posted Mar 2026
50 of 473 companies shown here · the full list is on Radar
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Explore service providers to banks companies in India by what you are looking for

Browse service providers to banks in India, from credit brokers and banking correspondents to debt recovery and consulting firms. You can also find banking service startups in India and listed companies.

9 ways to explore service providers to banks in India

Credit brokers, loan providers & lending platformsBanking correspondents, ATM & cash management providersDebt collection, recovery & NPA management companiesInvestment banks, asset managers & financial advisorsManagement consulting, accounting & compliance firmsIT services, software & BPO for banks

Credit brokers, loan providers & lending platforms

Loan intermediaries and online lenders offering consumer, business and SME loans.

  1. Save Solutions

    Provider of MSME business loan against property to rural and semi rural communities

    Microfinance
    See in list
  2. HFS

    Provider of financial products including business, working capital, and MSME loans

    Consumer and sme loans
    See in list
  3. Olyv

    A personal loan and financial solutions provider

    Service providers to banks
    See in list
  4. Akara Capital

    Provider of technology-enabled financial solutions and services for millions, redefining financial solutions

    Service providers to banks
    See in list
  5. Sampati Securities

    Provider of short-term and long-term business loans to individuals, corporates

    Service providers to banks
    See in list

Banking correspondents, ATM & cash management providers

Companies offering banking correspondent services, white label ATMs and cash management.

  1. BNP Paribas India Solutions

    Providing technology services to various business lines, including corporate and institutional banking, wealth management, and retail banking

    Service providers to banks
    See in list
  2. CMS Info Systems

    Provider of cash management, banking automation, remote monitoring, and card personalization services

    Service providers to banks
    See in list
  3. Axis Trustee Services

    Provider of loan and syndicated credit services

    Service providers to banks
    See in list
  4. Rexcin Finance

    Provider of embedded finance and personal loan services to customers

    Service providers to banks
    Website
  5. syf.com

    Provider of credit cards, financing, banking, and marketplace for consumers

    Computers & accessories
    See in list

Debt collection, recovery & NPA management companies

Firms that handle debt collection, recovery, credit counselling and non-performing asset management.

  1. PARAS

    Asset reconstruction Company

    Service providers to banks
    See in list
  2. Phoenix ARC

    Provider of asset reconstruction services for financial institutions

    Service providers to banks
    See in list
  3. Suraksha ARC

    Provider of operational and financial restructuring for distressed asset revival

    Service providers to banks
    See in list
  4. ASREC

    Provider of asset reconstruction and securitization, resolving non-performing assets

    Service providers to banks
    See in list
  5. RARC

    Provider of securitisation and asset reconstruction services

    Service providers to banks
    See in list

Investment banks, asset managers & financial advisors

Investment banking, asset management and financial advisory firms serving banks and lenders.

  1. 5paisa

    Broker-based online trading and investment platform

    Investment tech
    See in list
  2. Emkay

    Provider of investment management, institutional equity, and investment banking services

    Investment banks
    See in list
  3. Padmasai

    Provider of auto loan intermediary services and portfolio management

    Asset management
    Website
  4. Royal Finserv

    Provider of home, business & personal loans for consumers

    Service providers to banks
    Website
  5. The Digital Fifth

    Provider of diversified management consulting services for investment industry

    Asset management
    Website

Management consulting, accounting & compliance firms

Consulting, accounting, tax and legal firms supporting banks and financial institutions.

  1. Pro-Team Solutions

    Management consulting company specializing in internal controls, audits, process outsourcing, compliance, and technology

    Finance & accounting services
    See in list
  2. The Digital Fifth

    Provider of diversified management consulting services for investment industry

    Asset management
    Website
  3. Mecklai

    Provider of treasury risk consulting and foreign exchange risk advisory firm to help corporates manage currency and interest rate risks

    Service providers to banks
    Website
  4. Finsure Management

    Provider of accounting, bookkeeping, and consulting services

    Service providers to banks
    Website
  5. FinacPlus

    Provider of data analytics, BPM consulting, and accounting services

    Bpo services
    Website

IT services, software & BPO for banks

Software developers, IT consultants and outsourcing providers serving banks.

  1. Jayam Solutions

    Financial Information Management Software

    Enterprise resource planning
    See in list
  2. ORITSO

    Provider of IT services for businesses

    It services
    Website
  3. Care.fi

    Provider of financial solutions for hospitals, doctors, and allied healthcare suppliers

    Healthcare it
    Website
  4. JindalX

    Provider of customer support & acquisition services

    Service providers to banks
    Website
  5. Websoftex

    Developer of software solutions for banking, finance, and MLM sectors

    It services
    Website

Banking service startups in India

Recently founded service providers to banks in India.

  1. Rexcin Finance

    Provider of embedded finance and personal loan services to customers

    Service providers to banks
    Website
  2. National Asset Reconstruction

    Non-banking financial institution tasked with cleaning up legacy stressed assets

    Service providers to banks
    See in list
  3. Swabhimaan Finance

    Swabhimaan Finance Pvt Ltd

    Service providers to banks
    See in list
  4. Pmfincap

    PM Fincap Limited

    Service providers to banks
    Website
  5. Hello Money India

    Provider of credit cards, loans, and insurance services

    Service providers to banks
    Website
100 companies in India

Service providers to banks hiring in India

Companies serving banks in India with open jobs right now.

  1. BNP Paribas India Solutions

    Providing technology services to various business lines, including corporate and institutional banking, wealth management, and retail banking

    Service providers to banks
    See in list
  2. CMS Info Systems

    Provider of cash management, banking automation, remote monitoring, and card personalization services

    Service providers to banks
    See in list
  3. 5paisa

    Broker-based online trading and investment platform

    Investment tech
    See in list
  4. Omkara ARC

    Provider of architectural design, planning, and project management services

    Service providers to banks
    See in list
  5. CFM Asset Reconstruction

    Provider of financial services

    Service providers to banks
    See in list
36 companies in India

Listed service providers to banks in India

Publicly listed companies providing services to banks in India.

  1. CMS Info Systems

    Provider of cash management, banking automation, remote monitoring, and card personalization services

    Service providers to banks
    See in list
  2. Radiant Cash Management

    Global cash logistics and private security services

    Service providers to banks
    See in list
  3. 5paisa

    Broker-based online trading and investment platform

    Investment tech
    See in list
  4. Emkay

    Provider of investment management, institutional equity, and investment banking services

    Investment banks
    See in list
  5. Focus Business Solution

    Provider of debt collection services catered to banks and non-banking financial companies

    Service providers to banks
    Website
21 companies in India
Mobile reach

Top 10 service providers to banks apps from India

The most-installed Android apps published by service providers to banks companies headquartered in India — 21.3M installs between them. 26 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
1

5paisa: Stocks, MF, F&O App

by 5paisa

Installs19.9M
Rating4.27653K ratings
Installs, year on year+13%
Last updatedJun 2026
View on Google Play ↗
5paisa: Stocks, MF, F&O App screenshot 15paisa: Stocks, MF, F&O App screenshot 25paisa: Stocks, MF, F&O App screenshot 35paisa: Stocks, MF, F&O App screenshot 45paisa: Stocks, MF, F&O App screenshot 55paisa: Stocks, MF, F&O App screenshot 6
2

Instant Mudra : Personal Loan

by Instantmudra

Installs1.2M
Rating—
Installs, year on year+99%
Last updatedFeb 2026
View on Google Play ↗
Instant Mudra : Personal Loan screenshot 1Instant Mudra : Personal Loan screenshot 2Instant Mudra : Personal Loan screenshot 3Instant Mudra : Personal Loan screenshot 4Instant Mudra : Personal Loan screenshot 5Instant Mudra : Personal Loan screenshot 6
4

Xpress Pay

by Padmasai

Installs41K
Rating—
Last updatedApr 2025
View on Google Play ↗
Xpress Pay screenshot 1Xpress Pay screenshot 2Xpress Pay screenshot 3Xpress Pay screenshot 4Xpress Pay screenshot 5Xpress Pay screenshot 6
6

CreditMitra: Personal Loan App

by CreditMitra

Installs17K
Rating—
Last updatedApr 2026
View on Google Play ↗
CreditMitra: Personal Loan App screenshot 1CreditMitra: Personal Loan App screenshot 2CreditMitra: Personal Loan App screenshot 3CreditMitra: Personal Loan App screenshot 4CreditMitra: Personal Loan App screenshot 5CreditMitra: Personal Loan App screenshot 6
7

ACFL Saheli

by ACFL

Installs16K
Rating—
Last updatedMar 2026
View on Google Play ↗
ACFL Saheli screenshot 1ACFL Saheli screenshot 2ACFL Saheli screenshot 3ACFL Saheli screenshot 4ACFL Saheli screenshot 5ACFL Saheli screenshot 6
9

Emkay Blitz

by Emkay

Installs7K
Rating—
Last updatedOct 2025
View on Google Play ↗
Emkay Blitz screenshot 1Emkay Blitz screenshot 2Emkay Blitz screenshot 3Emkay Blitz screenshot 4Emkay Blitz screenshot 5Emkay Blitz screenshot 6
The business behind the activity

Service providers to banks financials in India

Revenue, profit and growth from the filed annual accounts of 164 service providers to banks companies in India for FY24-25 — 206 of the 473 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 56% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹11,636.09 cr

164 companies filing accounts

combined net profit₹1,543.88 cr

13.3% aggregate margin

are profitable75%

122 of 164 companies

median revenue~₹9.1 cr

the typical company

median revenue growth+15%

into FY24-25

earned by the top five56%

revenue concentration

Six-year view

Combined revenue of filing companies

₹6,628.81 crFY19-20147 filers
₹6,660.24 crFY20-21152 filers
₹8,601.05 crFY21-22166 filers
₹10,637.09 crFY22-23178 filers
₹11,720.64 crFY23-24178 filers
₹11,636.09 crFY24-25164 filers

The number of companies filing changes each year; the three-year cohort below compares like with like.

Like-for-like

The same 145 companies over three years

+57%
FY22-23₹7,223.80 cr₹838.27 cr net
FY23-24₹9,161.01 cr₹1,298.64 cr net
FY24-25₹11,323.82 cr₹1,532.69 cr net

Companies with accounts for all three years, so growth is not an artefact of who filed.

Scale and profit

Bigger companies are far more often profitable

Under ₹1 cr3345% profitable
₹1–10 cr5275% profitable
₹10–100 cr6184% profitable
₹100–1,000 cr1794% profitable
Over ₹1,000 cr1100% profitable

Companies by FY24-25 revenue. Bars show how many companies sit in each band.

Momentum

How fast revenue moved into FY24-25

Shrinking52
0–20%39
20–50%30
50–100%13
Doubled+23

157 companies with accounts for both years; median growth +15%.

Profitability

Profit is concentrated at the top

122profitable
41loss-making
13.3%aggregate margin
4.6%median margin

The aggregate margin is pulled up by a few large filers; the median shows the typical company.

Growth leaders · ₹10 cr+ revenue

Fastest growing, FY24-25

CompanyGrowthRevenue
SIS-ProsegurSIS PROSEGUR CASH LOGISTICS PRIVATE LIMITED
PSB AlliancePSB ALLIANCE PRIVATE LIMITED
MetafinMETAFIN CLEANTECH FINANCE PRIVATE LIMITED+255%
HFSNTT GLOBAL DATA CENTERS NAV2 PRIVATE LIMITED+245%₹395.73 cr
CastlerNcome Tech Solutions Private Limited+161%
Suraksha ARCSURAKSHA ASSET RECONSTRUCTION LIMITED+127%₹258.05 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
National Asset ReconstructionNATIONAL ASSET RECONSTRUCTION COMPANY LIMITED61.0%₹695.84 cr
Phoenix ARCPHOENIX ARC LIMITED53.4%₹369.03 cr
Assets Care & Reconstruction EnterpriseASSETS CARE & RECONSTRUCTION ENTERPRISE LIMITED41.9%₹291.86 cr
PegasusPEGASUS ASSETS RECONSTRUCTION PRIVATE LIMITED
Axis Trustee ServicesAXIS TRUSTEE SERVICES LIMITED35.4%₹60.95 cr
RARCRELIANCE ASSET RECONSTRUCTION COMPANY LIMITED
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Service providers to banks140₹10,267.47 cr~₹8.5 cr78%14.1%
Consumer and sme loans8₹495.46 cr~₹13.9 cr38%-18.2%
Leaders

Largest service providers to banks companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
BNP Paribas India SolutionsBNP PARIBAS INDIA SOLUTIONS PRIVATE LIMITED₹3,802.19 cr₹433.84 cr11.4%+13%
PARASPRASADITYA ARC LIMITED₹929.19 cr₹50.55 cr5.4%>10×
National Asset ReconstructionNATIONAL ASSET RECONSTRUCTION COMPANY LIMITED₹695.84 cr₹424.27 cr61.0%+125%
India1 PaymentsINDIA1 PAYMENTS LIMITED₹670.17 cr₹31.03 cr4.6%+4%
Radiant Cash ManagementRadiant Cash Management Services Limited₹411.51 cr₹45.67 cr11.1%+5%
HFSNTT GLOBAL DATA CENTERS NAV2 PRIVATE LIMITED₹395.73 cr−₹73.56 cr-18.6%+245%
Phoenix ARCPHOENIX ARC LIMITED₹369.03 cr₹196.93 cr53.4%-14%
EmkayEMKAY GLOBAL FINANCIAL SERVICES LIMITED₹339.66 cr₹58.91 cr17.3%+20%
Assets Care & Reconstruction EnterpriseASSETS CARE & RECONSTRUCTION ENTERPRISE LIMITED₹291.86 cr₹122.32 cr41.9%-14%
Suraksha ARCSURAKSHA ASSET RECONSTRUCTION LIMITED₹258.05 cr₹21.39 cr8.3%+127%
Some figures are available to Radar members.Log in to Radar to see every figure

Standalone annual accounts filed with the Ministry of Corporate Affairs. Brands that share one legal entity are shown together and counted once.

Industry landscape report

Accounting and Tax Software Industry Landscape of India

The financials above are one chapter. The full service providers to banks landscape of India maps the whole industry — every segment, the capital behind it, the talent market and where the next opportunities are.

  • Market map of every sub-sector
  • Funding & company formation by year
  • Revenue, profit & financial strength
  • Digital footprint: traffic, apps, releases
  • Hiring, skills & pay
  • Founders & leaders
  • News & sentiment
  • Where demand runs ahead of supply
Read the service providers to banks landscape of India
For investors and data teams

Put this intelligence into your own tools

The figures on this page come from Fliar’s company, funding and MCA filings data. Use it through the Investor Intelligence API and MCA financials feeds, or explore every company, filing and investor in Radar.

Capital & corporate activity

Service providers to banks funding and M&A across India

86 recorded equity rounds have gone to 632 service providers to banks companies in India — how much, at which stage, into which sub-sectors, from whom, and how India compares. Debt, IPO and grant rounds are excluded.

equity rounds, last 12 months2

US$28.00m

equity rounds, last 24 months6

US$133.32m

raised over five yearsUS$283.78m

44 rounds in India

M&A deals, India24

last 24 months

Capital by year

Equity funding into service providers to banks in India

amount rounds
$020181
$51m20195
$30m20205
$33m20217
$70m202218
$14m20235
$33m20249
$105m20253
$28m20262

Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2025, with US$105.31m across 3 rounds.

The funding ladder · five years

Rounds and typical cheque by stage

AngelUS$1.78m6 rounds · median US$91k
SeedUS$43.92m19 rounds · median US$625k
Series AUS$50.62m5 rounds · median US$10.00m
Series BUS$32.09m6 rounds · median US$5.79m
Series CUS$37.60m3 rounds · median US$13.00m
Series D+US$15.77m3 rounds · median US$3.31m
Private equityUS$102.00m2 rounds · median US$51.00m
Where the money went · five years

Most-funded sub-sectors

Service providers to banksUS$153.11m36 rounds · 16 companies
Consumer and sme loansUS$92.00m1 rounds · 1 companies
MicrofinanceUS$28.10m3 rounds · 1 companies
Healthcare itUS$10.57m4 rounds · 1 companies
Corporate activity · last 24 months

M&A in India

23Acquisition
1Merger

Most active acquirers

  1. Cms info systems4
  2. National asset reconstruction3
  3. Crisil3
  4. Na1
  5. KF Trust1

Most acquired or merged

  1. Infina finance4
  2. Emkay Global Financial Services3
  3. Cms info systems2
  4. Securens systems2
  5. Financial Software and Systems1

Each deal appears in the events strip at the top of the page.

Service providers to banks funding in India

22 service providers to banks companies in India have recorded equity funding, US$452.19m in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in India

Meet the people behind service providers to banks companies in India. 202 of 473 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore India service providers to banks companies by sub-sector

The most common specialisations among service providers to banks companies in India. Open a company to see what it sells, who runs it and how far it has come.

Keep exploring service providers to banks in India and nearby markets.

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