29th March 2017, Mumbai – Nelito Systems Ltd., India's prominent financial technology company has approved an equity investment by DTS Corporation, Japan of a 44.5% stake in the company at the meeting of its Board of Directors on 29th March 2017.
The two subsidiaries of Tata Power (NELCO and Af-Taab Investment Company Ltd.) and Sunnynook Ltd. (AG Capital) have offered 9.95%, 12.30% and 22.25% stakes respectively from their equity holding in Nelito Systems to DTS Corporation.
Nelito Systems serves Banking, Finance and Micro-Finance verticals with its FinCraftTM suite of products primarily in India and South Asian countries. The company also provides IT services comprising of Application development and maintenance, Consulting and IT outsourcing.
DTS Corporation is a leading IT services company of Japan focussed on banking and financial sectors and also has unique service offerings for Communication, Public Institutions, Distribution and Transport, Multimedia, Manufacturing (Automotive Industry, Embedded), Health care, ERP and Network integration.
"The association is in line with DTS Corporation's overall growth objective. DTS foresees excellent opportunities to expand its business proposition by leveraging talent and experience that this association promises to garner. One of the key strategic objective of DTS with this investment is to expand its Global business particularly in US and SE Asian Countries by harnessing DTS and Nelito`s expertise in Banking and Financial domain" said Mr. Minoru Takeuchi, DTS Corporation. In addition to this, DTS strategy is to enhance their SI business, Solution business and offshoring business through its 100% subsidiary DTS America.
Commenting on the development, Mr. Punit Jain, CEO Nelito Systems said, "Nelito is amongst few Indian IT companies to have developed niche capabilities across products and services in the BFS space. The relationship with DTS will augment the organic growth opportunities for Nelito in the Banking & Financial services sectors globally. In addition, Nelito is uniquely placed to help DTS serve its customers better in English speaking countries. Our association with DTS will further strengthen our focus on providing Affordable Excellence to all our clients."
Formed in year 1972, DTS Corporation is a Tokyo Stock Exchange, First Section listed IT solutions and Services Company headquartered in Japan. Mr. Koichi Nishida is President of DTS Corporation. DTS Corporation comprises of 13 group companies operating in USA, China, Vietnam and Thailand outside of Japan. For more details visit http://www.dts.co.jp/en/
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The Meticulousness of efforts to ensure customer delight by each of the team member during the course of the project is appreciable. - Data Archival Project
Overall we are happy with the services provided by Nelito. The implementation team is sensitive to our support requirements and does a good job.
We are extremely thankful to the whole team who have devotedly committed and created this excellent database. Much of our time was wasted in data retrieval from i link where we were facing lots of issues.
You have given us an awesome product which is superior to our Finacle itself in its display capabilities. The great idea of taking pdf/word/excel option is simply superb. Merging the party code and Finacle CIF and account numbers are another feather in the cap.
We have successfully made Nelito's Fincraft Software for NBFC live in early March for LOS,LMS and Sanjiv Khalkho, Arijit Chakraborty with his team have been very instrumental in making this software live . I would like to appreciate on the turnaround time during the go live phase of the team in getting some of our key requirements done and helping our users to use the software for recording and disbursing all the sales from the software.
In technology side I would like to praise Pramod Navale and Ganesh Khetmalis for in depth knowledge of the product and their technical skills is outstanding. Looking forward for the continued relationship for our next release and whole of 2018.
"We are extremely pleased with the kind of support extended by you and your team for our year end work. Although whole bunch of people worked for making the support seamless from your end, my special thanks to following resources. Anurag, Arpit, Arvind, Pranit, Suraj, Udgran, Nilesh, Leena and Udgrand. Also, thanks to all others who have supported us directly or indirectly at your end."
"For a Bank of our size, this system suffices and is very cost effective. Almost all of the bank’s activities run on the one system. Nelito constitutes a partner more than a supplier and the relationship includes provision of the bank’s underlying technology as well as its Fincraft range of applications."
"The best mix of functionality and technological support and our vision of “Cash Less and Paper Less” work environment for Sonata has come true with our technological partner Nelito. I highly recommend FinCraft Core Microfinance platform and especially integrations with a number of third party services."
"We are happy to use FinCraft Data Archival & Retrieval solution from Nelito Systems; it has given huge ROI in terms of saving revenue by retiring legacy applications. We get all desired reports in a timely manner from the solution."
"Proactive & professionally supportive, technically skilled team."
"My bank is working with Nelito from the last about 9 Years and the services provided by the company may prolong our association."
"Knowledge and service provided to the bank is beyond expectation. And we would definitely engage and recommend solution to others."
"As Vendor strict adherence to process & procedures. Risk Mitigates in Place. Flexible to customer requirements."
"Everything was successfully implemented and tested. The implementation was professionally done in a very efficient and cooperative manner. Migration was very smooth."
Support services provided for Swift is really up to the mark and meets all clients requirement. Kindly keep this ongoing.