What we do Trust Fintech Limited, based in Nagpur, develops SaaS products like Core Banking Software and Loan Origination Systems for banks and financial institutions. |
Founded in 1,998 |
Market share Not explicitly stated; serves banks and financial institutions in India and multiple countries. |
Problem solved Provides efficient core banking solutions addressing digital banking, compliance, loan management, and operational challenges for BFSI sector. |
Top clients or who we serve Medium to large banks, small cooperative societies, financial institutions; B2B model globally including India, USA, UK, Africa, Asia. |
Key management Hemant Padmanabh Chafale (Managing Director), Heramb Ramkrishna Damle (Whole-time Director), Mandar Kishor Deo (Whole-time Director) |
Our journey and innovations Incorporated in 1998; IPO in 2024 raised Rs. 63.45 Cr; expanded globally with subsidiaries in USA and UK; developed flagship TrustBankCBS and MicroFinS products. |
Where we operate India, USA, UK, Sri Lanka, Nepal, California, Gambia, Tanzania, Ghana, Liberia, Nigeria, Zimbabwe among others. |
Top products or what we offer TrustBankCBS - core banking for medium to large banks; MicroFinS - cloud core banking for credit unions and SACCOS; additional IT and ERP solutions. |
Top brands TrustBankCBS - web-based core banking; MicroFinS - cost-effective cloud Core Banking Solution for cooperative societies. |
Raw materials needed - |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue largely depends on implementation and licensing, with some cyclical procurement delays during elections. |
Our industry position Niche player in BFSI SaaS with global footprint; serves diverse banking institutions; growing international presence. |
Financial highlights FY 2024-25 Revenue Rs. 312.6 Cr, Net Profit Rs. 80.1 Cr; IPO raised Rs. 63.45 Cr in 2024. |
Geographical revenue split Export sales of approx. Rs. 3.24 Cr; operations span multiple countries as per product deployment. |
Order book - |
Whats driving growth Global expansion, digital banking adoption, regulatory compliance, investments in software upgrades and facilities driving growth. |
Our future plans Expanding development facility in Nagpur, scaling global subsidiaries, enhancing software offerings, improving sales and marketing. |
Our green promise - |
Our people and values Committed to ethical conduct, zero tolerance for workplace harassment, diverse leadership, and strong corporate governance. |
Key challenges ahead Project delays due to elections, resource hiring challenges, delayed recoveries, and increased receivables management. |
Interesting facts Acquired 90% stakes in US and UK subsidiaries in 2024-25; IPO listed on NSE SME platform in 2024. |
Risks and strategy Faces cyclical procurement risk; mitigates through global diversification and strategic hiring; focuses on robust compliance and innovation. |
