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November - 2016 issue > 20 Most Promising Banking Solution Companies in India - 2016  

Indian banking industry has witnessed tremendous transformation in the recent years and molded according to the modern economic needs, which are diverse in nature, of distinctive variety and large magnitude. Credit, market and liquidity risk reports have reflected that the Indian banks are irrepressible and have endured with the global depression as well and as per IBA-FICCI-BCG report, India’s gross domestic product (GDP) growth will make the Indian banking industry the third largest in the world by 2025. Financial entities are involved in multiple sort of banking such as corporate, retail, mortgage and many more; it represents a remarkable challenge for the banking organizations. End number of entities has mushroomed to cater this diversified market with latest technologies by leveraging internet, digital banking and mobile devices, and thus enabling banks to communicate with the masses.

These differentiated technologies & channels have transformed the terrain of Indian banking and established the connectivity in rural & remote India with the benefits of 'anywhere & anytime' banking. Today, unlike the traditional way, providing only the financial-services don’t suffice the customer needs; where, delightful customer experience is a must. In this issue, we are shortlisting such startups who are the finest banking solution providers in the market.

Therefore, with an intention to facilitate the hunt for leading banking solution providers, siliconindia have unearthed ‘20 Most Promising Banking Solution Provider - 2016’ who are the front runners. A distinguished panel of the industry's topmost CIOs, CEOs, VCs and industry experts including siliconindia’s editorial board scrutinized the index of companies in different perceptions throughout the year. The in-depth research & thorough analysis have made us to come up with the firms who stood-out in the race and proffering the top-notch banking solutions, are disclosed in the index.

20 Most Promising Banking Solution Companies - 2016

Company Founder Description

New Delhi                                       anplify.com

Ashok Kumar,             Director Following a consulting led approach to act as an extended arm for its clients' finance and strategy functions by providing transaction advisory, financial modelling, valuation and business planning services to corporates


b²tec Software                            Bangalore

Satya Kumar Pandravada,
Managing Director

A leading provider of core banking services around SAP which include SAP consulting and development, along with a variety of licensed products

Cmarix Technolabs                         Ahemedabad                          cmarix.com

Chirag Mudsa,

A leading technology Outsourcing company with expertise in Website, Enterprise Software & Mobile Application Development

Datavision Software Solutions              Pune

V M Uchil,

Crafting IT solutions for the banking and financial services industry that cover Core Banking and surround applications in areas such as Channels, Compliance, Microfinance, Transaction Banking and Payments

DH Corporation
Gerrard Schmid,
A leading financial technology provider that the world's financial institutions rely on every day to help them through its lending, payment, treasury services, enterprise solutions and retail solutions

Essel Finance                              Mumbai                                       esselfinance.com

Subhash Chandra,

A part of the Essel Group offering a diverse range of products and services such as Investment Banking, PE, NBFC-Business Loans, Equipment Finance, Working Capital, and Business Enhancement in corporate finance and retail sectors

Finvasia                                   Chandigarh                                          finvasia.com

Tajinder Singh,
Co-Founder & CEO


A fintech company that has a diversified business model, offering services ranging from asset management, investment banking, capital market advisory, and currency hedging to brokerage services in commodities, equities and derivatives

IntelleGrow                             Mumbai                                     intellegrow.com Sanjib Jha,
CEO & Executive Director
Providing customised loans to small and growing businesses in India that lack access to responsive debt financing

LIST Software                                         Sangli                                                listspl.co.in

Sandeep Balasaheb Sanglikar,

An ISO 9001:2008 certified banking solutions company providing the best software solutions for Core Banking, Harvesting, Vehicle Tracking, School Management, Mobile Applications, Credit Societies and others

Maximus Infoware                                    Mumbai                                         maximusinfoware.in

V. Shankar,

Providing banking solutions that leverage current and evolving technologies to predict, process, monitor and manage transaction data to deliver measurable benefits and superior business intelligence to customers

Nurture                                    Bangalore                                     nurture.co.in

Monica Koshy,
Founder Director

An organization offering services such as Data Porting, regulatory Reporting, Delivery Channel Implementation, Solution Design & Deployment for global BFSI industry in the core banking space

Octopus Loan                     Bangalore                            octopusloan.com
  A unique online platform with pan India presence providing loans at lowest interest rates and hassle free processing for its customers

Pennant Technologies

Ramakrishna Raju,

A fast growing Products and Services Company offering comprehensive suite of end-to-end business driven technology services and next generation software products covering all the functional areas of Banking and Financial Services Industry

Processware Systems
Bangalore                                         processwaresystems.com

Guru Murthy, 

A leading solution provider in banking, manufacturing, education, and aerospace markets focusing on enterprise products for the Indian market and product development services for overseas markets

River MobileApps
Anand Agrawal,
Managing Director
The organization creates next generation of financial applications and banking solutions for consumption via mobile
SIDSOFT Technologies
Pruthvi Shankar Siddalingaiah,
Managing Director
An IT services company offering top class end-to-end solutions to a wide array of industry verticals that include Banking, Healthcare, e-Commerce, Transport, and Software & Mobile App Development
SMC Capitals                                         New Delhi                                  smccapitals.com D K Aggarwal,
Chairmain & MD
A SEBI registered Category-I Merchant Banker providing services in IPO, FPO, ADR, GDR, FCCBs, Open Offers for the Acquisition matters, Private Equity placements, M&A and many others
Vishal Devanath,
Founder - Business
Krishna Bharadwaj,
Founder - Technology
An online platform for investment banking focused on SMEs, automating deal origination, business valuation, deal matching and introduction of businesses and investors globally

VGro Global Finser
Chennai                                    vgroglobal.com

Mahesh S                           CEO & Director

Paltering SaaS/ERP integrated products to empower the customers in managing & analyzing their energy resources and monitor carbon emissions/ footprint for compliance

VSoft Technologies
Murthy Veeraghanta,
Founder & CEO
The entity proffers enterprise cloud platform for distributed solar projects while lowering cost and operational in-efficiencies