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.

CLIENT SPEAK

  • CBS

    “The Bank is associated with M/S Nelito since 2002. M/S Nelito Systems Ltd has been our CBS vendor since 2009. The Products, quality of service offered by them are excellent. They have a very good support team and are trained enough for handling any type of situation.”

    D K Kandpal | Vice President (IT)

    Nainital Bank
  • MIS ADF

    “Good & Co-operative.”

    Ronniee Gupta | DGM

    UCO Bank
  • CBS

    “We appreciate your local team who continuously supported & assisted our team to meet the goal.”

    Nagendra Nath Sinha | Principal Secretary IT

    Government of Jharkhand, Ranchi
  • CBS

    Knowledge and service provided to the bank is beyond expectation. And we would definitely engage and recommend solution to others .

    Rachelle F. Rivas | IT Project Manager (Senior Manager)

    Bank of the Philippine Islands (BPI)
  • CBS

    • As Vendor strict adherence to process & procedures
    • Risk Mitigants in Place
    • Flexible to customer requirements

    Dinesh Negi | VP (Clg)

    DCB Bank Ltd
  • Custom Application Development testimonial

    Bank has implemented CBS of Nelito Ltd in the year 2008-09 in phase manner. Also integrated RTGS/NEFT, CTS, MMS etc which help us in smooth automation of banking operation.

    K.T. Wadia | CEO

    The Sutex Co-op bank Ltd
  • CBS

    Experience during development of Rating Engine Module has been good in the context of commitment to meet timelines & lot of hard work has been put by Nelito's team.

    Ashuthsoh Satsangi | VP-Operations

    SMERA
  • CBS

    Everything was successfully implemented and tested. The implementation was professionally done in a very efficient and cooperative manner. Migration was very smooth.

    Frithjof Ramb | Vice President

    SBI- Frankfurt, Germany
  • CBS

    Nelito and its team has always been supportive and efficient in achieving the tasks set up by the Dept. Apps developed by the software engineers for the Public Health Dept have proved to be excellent among the top competitors and have been acclaimed for its effective service delivery to the end user at the grass root level which is the foremost object of any Govt organization. Many thanks for the sincere efforts.

    Sanjay Kamlakar | Under Secretary to GoM

    Govt of Maharashtra
  • DGM

    "We appreciate Nelito team who were always on time and responsive to our needs and changing ideas. They worked efficiently from the project inception to its completion in a timely and professional manner. Their understanding of this space has been invaluable to the success and launch of 'PMAY CLSS' app."

    Susanta K. Padhi | DGM

    National Housing Bank