DTS Corporation, Japan takes a significant minority stake in Nelito Systems

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."

About DTS Corporation

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/

Contact Information:

Nelito Systems Ltd.

Mr. Ashish K. Varun
General Manager – Marketing
Phone: +91 22 67135505
e-mail: marketing@nelito.com
Registered Address: 205, Building 2, Sector 1, MBP, Mahape, Navi Mumbai - 400710


  • "Nelito has Good knowledge of industry. Good customer orientation. They were Flexible and Open to new ideas and suggestions."

    Mr. Ratheesh K. Bharathan | Exec. Vice President & Co- Founder

    WheelsEMI PVT. LTD.
  • "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 Nainital Bank Ltd.
  • "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."

    IT Head

    Sonata Finance Pvt. Ltd.
  • "Nelito has successfully deployed the Online Reporting and Management Information System (ORMIS), which has streamlined the reporting process and their analysis. Its team is responsive, provided satisfactory support and has sound expertise to deliver time sensitive & critical projects. Exemplary team work."

    Deputy General Manager (IT Department)

    National Housing Bank
  • CBS

    "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."

    Assistant General Manager (CBS)

    United Bank of India
  • CBS

    "Nelito is known for its exemplary services to the users at all times. Your team provides excellent service and they are pro-active in providing solutions."

    Chief Manager (SWIFT)

    Indian Overseas Bank
  • CBS

    "On the whole a professional and capable and competent team. Providing solutions adapted to clientele updated on technology front."

    Principal secretary Department of Labour

    Govt. of Sikkim
  • Custom Application Development testimonial

    "Proactive & professionally supportive, technically skilled team."

    General Manager

    Federal Bank
  • CBS

    "Fincraft CBS software & Doorstep Banking Solution helps our society’s functionality towards digitalization & paperless working. It reduces our manpower requirement and workload, also gives us fast reporting for our institution as and when required."


    Mahavir credit coop society
  • CBS

    Exemplary relationship set by Nelito’s PCS team which helps project to grow vertically. We have always been very impressed with the quality of service we have received from Nelito. They are reliable efficient professional and above all truthful. This alone sets them out from much of their competition.

    Project Director

  • CBS

    "E-district Manipur project was undertaken and successfully implemented by Nelito in a record time. The online services offered under this project has made a marked difference in the quality of life of the citizens and is taking the state towards a digital Manipur."

    Additional Director (IT)

    Govt. of Manipur
  • DGM

    "On 20th of November 2016 our bank data was migrated to FinCraft and we have completed one year successfully in FinCraft. So we thank all the team members of both IFTAS and Nelito for your great co-operation in this success. We expect more & more co-operation in implementing new technologies in banking sector from your side in future."

    M V Kumar | CEO

    Kempegowda Bank
  • DGM

    "My bank is working with Nelito from the last about 9 Years and the services provided by the company may prolong our association."

    Sikander Gupta | CEO

    The Jammu Central Co-op Bank Ltd.
  • DGM

    "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
  • DGM

    "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
  • DGM

    "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)
  • DGM

    "As Vendor strict adherence to process & procedures. Risk Mitigates in Place. Flexible to customer requirements."

    Dinesh Negi | VP (Clg)

    DCB Bank Ltd
  • DGM

    "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
  • DGM

    "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."

    Ashutosh Satsangi | VP-Operations

  • DGM

    "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
  • DGM

    "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

    Government 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