Nelito Systems to expand global footprint, eyes Rs 200 crore by 2020

1. + Custom Search + Home About Quality + Careers Contact Home /News /Nelito Systems to expand global footprint, eyes Rs 200 crore by 2020 + NEWS + + + Nelito Systems to expand global footprint, eyes Rs 200 crore by 2020 Updated On : 11 May 2017 | Source : The New Indian Express Banking and financial services firm Nelito Systems Ltd has chalked out plans to expand its global footprint, besides setting up an ambitious revenue target of Rs 200 crore in next two years. The move comes after Nelito, the Tata Group firm, sold stake to Japanese IT services firm DTS Corporation. Following the acquisition, Nelito and DTS are now eyeing the US market, particularly, the banking and financial services firms, large Japanese originated companies with presence in the US and south east Asian and African markets. "We are focusing on the US and Singapore markets to become a prominent service provider with our financial technology products and services to the global BFS industry," said Punit Jain, CEO, Nelito Systems Ltd. "One of the key strategic objectives of DTS with this investment is to expand its global business, particularly in the US and SE Asian countries," said Minoru Takeuchi of DTS. It may be noted that DTS Corporation acquired 44.5 per cent stake in Nelito Systems, where the two subsidiaries of Tata Power – Nelco and Af-Taab Investment Company Ltd and Sunnynook Ltd (AG Capital) – offered 9.95 per cent, 12.30 per cent, and 22.25 per cent stakes, respectively, from their equity holding in Nelito Systems to DTS. Back to News Latest News Mr. Punit Jain elected to the NASSCOM Domestic Council 2017-19 Updated On : March 2017 Nelito aims to more than double revenue to Rs 200 cr by 2020 Updated On : May 2017

2. Nelito Systems to expand global footprint, eyes Rs 200 crore by 2020 Updated On : May 2016 Nelito included in Forrester's Global Banking Platform Deals Survey 2017 Updated On : April 2017 SAVE Solutions selects Nelito's FinCraft Micro Finance Solution Updated On : March 2017 CLIENT SPEAK “Nelito has given one stop solution and “The Bank is associated with M/S Nelito “Good & Co-operative.” “We appreciate your local team who “Our Bank is attached with Nelito since 2002. M/S Nelito Systems Ltd has continuously supported & assisted our Systems Ltd since 2002 and migrated to Ronniee Gupta | DGM UCO Bank Computerization of 54 branches within 7 been our CBS vendor since 2009. The team to meet the goal.” CBS on FinCraft months of our order. We are happy with Products, quality of service offered by Solution of Nelito Systems Ltd, in the Nagendra Nath Sinha | Principal Secretary IT Government of Jharkhand, Ranchi them are excellent. They have a very year 2005.The application is functionally good support team and are trained rich, user friendly and easy to navigate. enough for handling any type of We are using other supporting situation.” interfaces of Nelito like anywhere ATM, SMS Banking, RTGS/NEFT, Share D K Kandpal | Vice President (IT) Nainital Bank Accounting etc and it has helped us in smooth automation of Banking operations. The bank is getting more time for Business Development” V P Bhandari | Managing Director Hindu Co-operative bank + + + + + + + + + + Banking Solutions MicroFinance Solution Services Updates More

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