NPST Secures ₹300 Crore for Expansion and Product Development

Network People Services Technologies Ltd. (NPST), a leading provider of digital payments and digital banking infrastructure, announced that it has successfully raised more than ₹300 crore through a preferential issue fully subscribed by Tata Mutual Fund.

The company has received listing approval from both NSE and BSE for 14,46,500 fully paid-up equity shares of face value ₹10 allotted under the preferential issue. These shares were issued at ₹2,074 per share, inclusive of a premium of ₹2,064. The allotment was made exclusively to Tata Mutual Fund, which is categorised as a non-promoter investor. Following the issuance, Tata Mutual Fund’s shareholding in NPST will increase to 9.42 %.

NPST operates as a technology service partner to banks, fintech’s, and payment platforms. The company raised ₹13.70 crore through its IPO in 2021 and has since expanded its client base from six banks to more than twenty regulated entities, while significantly strengthening its product suite and market presence.

The funds raised will be channelled towards NPST’s strategic priorities that include product innovation, infrastructure enhancement, and capability building in emerging technologies. A significant part of the capital will support NPST’s global expansion plans. The company is preparing to scale its footprint across Africa, the Middle East, Southeast Asia, and other fast-growing digital payment ecosystems. NPST aims to take its payments platform, which continues to be a major growth engine, into new segments and regions with use cases across collections, embedded finance, and digital banking.

The company also plans to tap into inorganic growth by acquiring businesses, products, and accounts that complement its capabilities across payments, lending, and international markets. This aligns with NPST’s objective of building a robust and diversified global portfolio.

Commenting on the fundraise, Mr. Deepak Chand Thakur, Chairman and Managing Director of NPST, said, “The participation of Tata Mutual Fund is a strong endorsement of the progress we have made and positions us to capture the next phase of growth. The future of payments will be shaped by intelligence built into every layer of the stack. 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.”

Highlighting the business impact, Ms. Savita Vashist, Executive Director of NPST, said, “The capital raised will allow us to accelerate our strategic priorities across products, markets, and partnerships. We are entering a phase where demand for digital payments infrastructure is rising in India and globally. These funds will support expansion across high-opportunity markets, while enabling us to enhance our product capabilities and explore selective acquisitions.”

Reinforcing NPST’s long-term foundation, Mr. Ashish Aggarwal, Joint Managing Director of NPST, added, “This milestone reflects the trust placed in NPST’s governance, resilience, and long-term approach to value creation. We have built the company with a strong foundation and a clear commitment to responsible growth. The investment strengthens our balance sheet and gives us the stability to continue serving our banking and fintech partners with reliability and consistency.”