What Virtual Galaxy Infotech Limited does

Virtual Galaxy Infotech Limited (VGIL) is a Nagpur-headquartered Indian IT services and product company founded in 1997, operating across Banking & Finance, eGovernance, and ERP/DC-DR verticals. Its core product is E-Banker, a comprehensive core banking solution deployed across 5,000+ bank branches serving 180+ clients, focused on district central cooperative banks, national banks, and financial institutions. The platform delivers transaction automation, customer service (24/7), compliance management, and decision support, with explicit deep-system integration into client core banking environments as evidenced by named DCC bank customer references (Bhandara, Jalna, Osmanabad, Yavatmal, Buldhana). VGIL also operates a regulated Aadhaar Enabled Payment System (AEPS) payment aggregation service under the VPAY brand, with RBI-mandated Nodal Officer and Customer Service Head functions in place.

Beyond banking, VGIL delivers eGovernance solutions to entities including the Bombay High Court, GMC Nagpur, and IGMC Nagpur, alongside ERP implementation and Data Center/Disaster Recovery (DC/DR) services for manufacturing and business-houses customers. The company maintains a Pune office in addition to its Nagpur headquarters, and in February 2026 took an additional 8,000 sqft at Mihan IT-SEZ in Nagpur to add approximately 150 roles, with hiring preference for Vidarbha-region candidates and participation in IIM Ahmedabad PGP Class of 2026 campus placements.

The business model is direct enterprise B2B sales targeting Government and BFSI, executed by an in-house field-sales team (including Solution Opportunity Manager roles requiring 8+ years' experience) through RFP responses, solution design, and contract negotiation. Revenue is generated via a mix of one-time license, subscription/recurring, and project-based engagements, with no public pricing. The company is led by co-founders Mr. Avinash Narayanrao Shende (Chairman, ED & CFO) and Mr. Sachin Purushottam Pande (Managing Director & CTO), with an independent-director board structure put in place in 2025 in connection with its DRHP filing and ongoing IPO process on NSE.

Name

Virtual Galaxy Infotech Limited

Legal name

Virtual Galaxy Infotech Limited

Website

https://vgipl.com

Company type

Public

Founded year

1997

Operating status

Ipo

Headcount range

251–500 employees

Short description

Virtual Galaxy Infotech Limited is an Indian IT services company that builds and operates the E-Banker core banking platform, VPAY AEPS payment aggregation, and eGovernance/ERP solutions for district cooperative banks, government entities, and select international SACCOS clients.

Ownership category

akta.pro rank

Product category

Core Banking Software

NAICS

Computer Systems Design and Related Services (54151), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Services-Computer Programming Services (7371)

akta.pro primary industry

Core Banking & Ledger Systems (Cloud Core, Deposits, Accounts) (FSAGAAAC)

Keywords

• Core banking software
• Transaction automation
• EGovernance solutions
• ERP implementation
• AEPS payment services

Headquarters

HQ city

Nagpur

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Software Solutions and Services: IT services including software development, implementation, and support for banking, eGovernance, and manufacturing sectors. Revenue generated through project-based engagements and ongoing service contracts.
2. Core Banking Solutions: E-Banker Core Banking Solution provided to banks, likely with licensing, implementation and maintenance revenue components.
3. Sales Revenue: Q4 FY2026 quarterly sales of Rs 54.66 crore; Full year FY2026 sales of Rs 182.06 crore. Strong growth trajectory with 51.54% sales growth year-over-year.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels4 records

Core offering

Virtual Galaxy Infotech Limited (VGIL) develops and licenses software for banking, eGovernance, and enterprise sectors, with its flagship E-Banker Core Banking Solution serving district central cooperative banks with transaction automation, 24/7 customer service, compliance and decision support. The company also offers VPAY (Aadhaar Enabled Payment System) payment aggregation, ERP solutions, and Data Center/Disaster Recovery services. VGIL serves 5000+ bank branches and 180+ clients, primarily cooperative banks, government institutions, and manufacturing firms in India.

Product overview

Virtual Galaxy Infotech Limited (VGIL) is an IT services company offering a portfolio of digital solutions centered around its Core Banking Solution (E-Banker) and AEPS payment services (VPAY). The company provides technology consulting, ERP solutions, and DC/DR solutions across Banking & Finance, eGovernance, and ERP verticals. VGIL's core offerings focus on transaction automation, customer service delivery, compliance management, and decision support for bank branches (5000+), manufacturing firms, and business houses. The company operates as a Payment Aggregator and serves clients primarily in India.

Differentiator

Problem solved

Functional benefit

Brands

• E-Banker: Core Banking Solution provided to bank clients for transaction automation, customer service delivery, compliance, and decision support.
• VPAY

Products and services

• E-Banker Core Banking Solution A comprehensive Core Banking Solution that provides transaction automation, customer service delivery, compliance management, and decision support for bank branches and financial institutions, particularly district central cooperative banks. Supports 24/7 bank operations and customer service, with capabilities for integration with bank core systems.
• VPAY AEPS Service An Aadhaar Enabled Payment System (AEPS) service offered by VGIL as a payment aggregator, enabling banking transactions through biometric authentication.
• ERP & DC/DR Solutions Enterprise Resource Planning and Data Center/Disaster Recovery solutions providing business process automation, operational efficiency, and business continuity for manufacturing firms and business enterprises.
• eGovernance Solutions Digital transformation and technology solutions for government institutions including municipal corporations, courts, and public sector bodies, supporting eGovernance systems integration and citizen service delivery.

Quantifiable outcome

• Served 5000+ bank branches, manufacturing firms, and businesses for transaction automation, customer service, compliance, and decision support
• +3 more outcomes

Named customers8 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators7 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Nucleus Software Exports: Indian listed software company specializing in lending and transaction banking products (FinnOne, PaySe) for banks and financial institutions. Directly comparable to VGIL as both sell proprietary core/transactions banking software to Indian banks.
• Intellect Design Arena: Purple Health/founder-led Indian fintech product company offering iGCB core banking, lending, and digital banking suites. Comparable as a product-focused banking software peer targeting similar Indian and emerging-market financial institutions.
• Aurionpro Solutions: Indian enterprise software company providing banking and fintech solutions (iCashpro, etc.) to banks in India and emerging markets. Comparable scale and product focus to VGIL.
• Newgen Software: Indian-listed software company providing content services, BPM, and digital banking/transaction banking platforms to global financial institutions. Comparable product-led B2B software profile.

Broad incumbents

• Infosys (Finacle): Global IT major whose Finacle core banking suite is a direct competitor to E-Banker in Indian and emerging markets. Comparable as a broad incumbent offering a much larger portfolio of banking technology and services.
• TCS (BaNCS): Tata group's IT arm whose BaNCS platform competes in core banking, treasury, and payments. Directly comparable technology but operating as a broad incumbent with vastly larger scale and balance sheet.
• Mphasis: Mid-tier Indian IT services firm with strong BFSI vertical focus. Comparable as an enterprise IT services peer targeting banks with both services and proprietary product offerings.
• Oracle Financial Services Software (FLEXCUBE): Global enterprise software major with FLEXCUBE core banking platform competing against E-Banker. Comparable as broad incumbent in core banking technology.
• Temenos: Swiss-listed global leader in banking software serving retail, corporate, and microfinance institutions. Comparable as a global incumbent competing for emerging-market and cooperative bank core banking contracts.

Emerging players

• Network18 / Tech2 (referenced for Indian fintech ecosystem context — replacing with Cointab Payments): Indian AEPS and digital payments player comparable to VPAY. Both operate in India's AEPS/biometric payment aggregation space serving banks and BC agents across semi-urban India.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/virtualgalaxy
• Xx.com/Virtualvgipl

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Virtual Galaxy Infotech Limited