NPST secures ₹300 crore investment from Tata Mutual Fund to fuel global expansion and AI-first strategy

Network People Services Technologies (NPST), a prominent force in the digital payments and banking infrastructure sector, announced a major capital infusion on Wednesday. ₹300 crore through preferential allotment to Tata Mutual Fund. This significant investment is poised to accelerate NPST’s strategic initiatives, including aggressive global expansion, advanced product innovation and a fundamental milestone towards becoming an AI-first technology company, the company said in an official stock exchange filing.

Having received all necessary listing approvals from both the National Stock Exchange (NSE) and BSE Limited, the preferential issue has been fully subscribed by Tata Mutual Fund. The transaction involved the issuance of 14,46,500 fully paid equity shares at a price of Rs. ₹2,074 per share, including bonus ₹2,064. The official statement said that after the allotment, Tata Mutual Fund’s stake in NPST will increase to 9.42%, which will be an important confirmation of the company’s growth trajectory and market position.

Strategic Use of Funds

NPST, which acts as a critical technology services partner to more than twenty regulated institutions, banks, fintechs and payment platforms, confirmed that the newly raised capital has been allocated to various strategic priorities. According to the company, a significant portion of the funds are allocated to support global expansion plans focused on fast-growing regions such as Africa, the Middle East and Southeast Asia. The funds will also be used for product innovation, improving infrastructure and developing talent in emerging technologies. Additionally, NPST plans to pursue selective inorganic growth by acquiring businesses, products and accounts that complement its capabilities in payments, lending and international markets. The company said its strategic focus is on scaling its core payments platform into new segments, exploring use cases in collections, embedded finance and digital banking.

Commenting on the fundraise, Deepak Chand Thakur, Chairman and Managing Director, NPST, said: “Tata Mutual Fund’s participation 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 embedded at every layer of the stack. Our focus is to evolve into an AI-first payments technology company that offers our partners smarter risk controls, better customer experiences and more efficient processes. This investment enables us to deepen our work in developing countries. “We are building technologies and platforms that are ready for the next decade of innovation.”

Strengthening NPST’s long-term foundation, Mr. Ashish Aggarwal, Joint Managing Director, NPST, added: “This milestone reflects confidence 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 provides us with the stability to continue serving our banking and fintech partners with reliability and consistency.”

Disclaimer: This article was created using AI tools and has been editorially reviewed for clarity and consistency.