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Network People Services Technologies (NPST), a digital payments and banking technology provider, has raised over INR 300 crore from Tata Mutual Fund through a fully subscribed preferential issue. Tata MF's stake in the company will now rise to 9.42%. The funds, allotted at INR 2,074 per share, will support innovation, infrastructure upgrades and new capabilities in emerging technologies, along with expansion into Africa, the Middle East and Southeast Asia. CMD Deepak Chand Thakur said the goal is to evolve into an AI-first payments company offering smarter risk controls and better user experiences. NPST, founded in 2013, has seen strong financial growth and recently moved to mainboard listings on NSE and BSE.
Network People Services Technologies, a provider of digital payments and digital banking infrastructure, recently announced that it has raised over INR 300 crore from Tata Mutual Fund.The fundraising was done through a preferential issue fully subscribed by Tata MF, and the fund house's holding will now increase to 9.42 per cent, as per an official statement. Advertisement
The shares were allotted for INR 2,074 per share. The NPST scrip closed 0.13 per cent down at INR 1,534.60 apiece on the BSE on Wednesday.
The funds will be deployed for innovation, infrastructure enhancement, and capability building in emerging technologies, as per an official statement.
A significant part of the capital will be used for global expansion, it said, adding that plans are afoot to enter Africa, the Middle East, Southeast Asia, and other fast-growing digital payment ecosystems.
Commenting on the achievement, Chairman and Managing Director Deepak Chand Thakur said,"Our focus is to evolve into an AI-first payments technology company that brings smarter risk controls, better customer experiences, and more efficient processing to our partners. This investment enables us to deepen our work in emerging technologies and build platforms that are ready for the next decade of innovation".
Network People Services Technologies Ltd. (NPST) is an Indian fintech company founded in 2013 and headquartered in Thane, Maharashtra. It provides a broad suite of digital-payment and banking infrastructure solutions, including UPI switches, IMPS, mobile banking, digital wallets and merchant-acquiring services. It serves banks, payment aggregators and merchants across India.
In recent years, Network People Services Technologies (NPST) has recorded strong financial growth, with FY 2025 revenue rising about 39% and profit increasing 68%, supported by robust year-on-year gains in earlier quarters. The company successfully migrated from the SME board to the NSE and BSE mainboards, marking a major corporate milestone. NPST recently broadened its market reach through a strategic partnership with Cosmos Co-operative Bank to deploy digital payment solutions nationwide.
Source: PTI
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