Rs 1,100+ Crore Order Book: IT-Company Acquires Hyderabad-Based Fintra Software to Enhance its Next-Gen Trade Finance Solution for Global Banks
The stock is up by 60 per cent from its 52-week low is Rs 903 per share and has given multibagger returns of over 6,700 per cent in 5 years.
The Hyderabad-based Fintra Software Private Limited has been acquired by Aurionpro Solutions Limited, a major provider of technology solutions for the financial services sector. The strategic move is to increase the Transaction Banking offerings of Aurionpro by bringing in the strong backend trade finance capabilities of Fintra, which Aurionpro can leverage. The acquisition is for a 100 per cent stake in Fintra along with all the intellectual property rights and resources. This partnership is expected to provide a complete front-to-back solution for cash and trade management that will enhance the market position of Aurionpro.
The improved system will meet the changing requirements of corporate banks, covering the entire spectrum of Letters of Credit and Supplier and Buyer Finance. The integration will use the Enterprise AI framework developed by Arya.ai, the AI-focused subsidiary of Aurionpro, to develop the next generation of transaction banking platforms. The Global CEO of Aurionpro, Ashish Rai, stated, 'This acquisition is a big deal for Aurionpro as we intensify our focus on building the future of Trade Finance technology and significantly broaden our functional coverage in Transaction Banking.' The move is a clear demonstration of Aurionpro’s commitment to always being ahead of the curve in addressing the changing needs of its clients
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About Aurionpro Solutions Ltd
Aurionpro Solutions Limited was founded in 1997 and offers advanced business solutions in Transaction Banking, Customer Experience, Smart City and Transportation, and Cyber Security. The company mainly operates in the banking sector and offers software products and consultancy services to the banking industry in India and across the globe. The business of Aurionpro is spread across two main verticals, namely Banking & Fintech and Technology Innovation Group (TIG). In H1 FY25, the Banking & Fintech segment, which comprises solutions like Queue Management Systems and wholesale banking platforms, registered a 51 per cent year-on-year revenue growth. The TIG segment that deals with smart mobility and data centre solutions recorded a year-on-year growth of 13 per cent. The revenue split of Aurionpro in H1 FY25 was 69 per cent for software services and 31 per cent for equipment and product licenses. The company has a global presence in more than 14 countries and has an order book of Rs 1150 crore as of Q2 FY25. Some of the recent strategic initiatives include the launch of AryaXAI, an AI explainability platform and the acquisition of Fenixys and Arya.ai to enhance its capabilities. Aurionpro plans to achieve 30 per cent+ revenue growth in FY25 with a focus on expanding sales in Asia, the US and other regions.
The company has a market cap of over Rs 8,600 crore and as of December 31, 2024, the order book exceeds Rs 1,300 crore. The stock is up by 60 per cent from its 52-week low is Rs 903 per share and has given multibagger returns of over 6,700 per cent in 5 years. Investors should keep an eye on this small-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.