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.
“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.”
“Good & Co-operative.”
“We appreciate your local team who continuously supported & assisted our team to meet the goal.”
“Our Bank is attached with Nelito Systems Ltd since 2002 and migrated to CBS on FinCraftTM CBS Core Banking Solution of Nelito Systems Ltd, in the year 2005.The application is functionally rich, user friendly and easy to navigate. We are using other supporting interfaces of Nelito like anywhere ATM, SMS Banking, RTGS/NEFT, Share Accounting etc and it has helped us in smooth automation of Banking operations. The bank is getting more time for Business Development”
“Nelito’s proactive customer centric approach and use of industry best practices enabled us to convert our business function in world class core IT application .”
“The Software has excellent real time response even from our remote branch which is app. 100 kms from the Data center”
“Nelito has given one stop solution and completed the browser based CBS Computerization of 54 branches within 7 months of our order. We are happy with the product and services “