In a strategic move to expand its investment revenue streams, a company has acquired Auro Fintech Private Limited for ₹60.57 lakh, making it a wholly owned subsidiary. The acquisition aligns with the company’s vision of diversifying into financial technology services and leveraging banking-as-a-service (BaaS) solutions for corporates and institutions.

Auro Fintech Private Limited, incorporated on March 4, 2022, has shown remarkable growth in the fintech sector, with a turnover of ₹63.62 crore as of December 31, 2024. The company offers API-based and web-enabled digital payment solutions and has ambitious plans to expand its global presence.

Key Details of the Acquisition

The acquisition was completed through a cash consideration of ₹60.57 lakh for 100% ownership (12,500 shares), and no related-party transactions were involved. The deal is expected to be finalized within 30 days, with no regulatory or governmental approvals required.

Strategic Reasons Behind the Acquisition

This acquisition is a strategic investment to expand the company’s presence in the fintech industry, particularly in the digital payments and banking-as-a-service (BaaS) sectors. The move allows the company to tap into the fast-growing financial technology market, which has seen increased demand for seamless digital transactions.

Auro Fintech’s Impressive Growth

Auro Fintech Private Limited has demonstrated consistent revenue growth over the last three years:

• FY 2022-23: ₹1.14 crore

• FY 2023-24: ₹4.93 crore

• FY 2024-25: ₹63.62 crore (as of Dec 31, 2024)

This rapid growth highlights Auro Fintech’s strong market potential and technological innovation in financial services.

Auro Fintech’s Business Model and Offerings

Auro Fintech specializes in financial technology and related services, with a primary focus on:

• API-based payment solutions

• Banking-as-a-Service (BaaS) offerings

• Corporate and institutional financial services

• Web-based digital payment integration

By integrating these solutions, Auro Fintech has positioned itself as a key player in the Indian fintech sector.

Future Growth and Expansion Plans

With the acquisition, the parent company aims to:

• Enhance Auro Fintech’s technological capabilities

• Expand operations beyond India and enter international markets

• Leverage synergies in the financial services sector

• Drive higher revenues through fintech innovation

Conclusion

The acquisition of Auro Fintech Private Limited for ₹60.57 lakh marks a significant step toward diversifying investment revenues and strengthening financial technology services. With a strong revenue track record and innovative fintech solutions, Auro Fintech is set to play a crucial role in India’s growing digital payments ecosystem.

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