What Nelito Systems Pvt. Ltd. does

Nelito Systems Pvt. Ltd. is a Navi Mumbai-headquartered BFSI software and services firm founded in 1995 as a joint venture between Tata Group's Nelco and Japan's ITOCHU Corporation, and now operating as a wholly-owned subsidiary of Tokyo Stock Exchange-listed DTS Corporation Japan following DTS's full acquisition in June 2019. The company sells the FinCraft product suite — covering Core Banking, Integrated Lending Management (ILMS) for NBFCs, a Core Microfinance platform, FinDART data archival and retrieval, regulatory reporting, cheque truncation, AML, ACH/mandate management, mobile/internet banking, and door-step/agency banking — built on a mobile-first, cloud-first, API-based modular architecture and CMMI Level 3 certified delivery.

Nelito serves commercial banks, urban cooperative banks, regional rural banks, NBFCs, microfinance institutions, and select government clients, with a documented footprint of 480+ BFS clients across 20 countries spanning India, South Asia (Nepal, Mauritius), and Southeast Asia (Myanmar, Cambodia, Indonesia). Named marquee customers include HDFC Bank, Canara Bank, Bank of Baroda, Indian Overseas Bank, J&K Bank, Deutsche Bank, Citibank Mauritius, Manappuram Finance, Sonata Finance, WheelsEMI, TCS, and Wipro.

Revenue is generated through a mix of one-time and subscription licensing of FinCraft products, implementation and customization services (including third-party CBS implementations for Infosys Finacle since 2004 and Oracle FLEXCUBE), professional services (custom application development, testing), staff augmentation ('Talent on Demand'), back-office BPM/BPO, and SWIFT services. Go-to-market is primarily direct enterprise sales with supporting channel partnerships, event-driven demand generation at NASSCOM, NBFC100, Sa-Dhan, and Singapore Fintech Festival events, and analyst validation from Gartner, Forrester, and IBS Intelligence. Pricing is quote-based enterprise B2B with no public disclosures.

Name

Nelito Systems Pvt. Ltd.

Legal name

Nelito Systems Pvt. Ltd.

Website

https://nelito.com

Company type

Private

Founded year

1995

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Nelito Systems is a Navi Mumbai-headquartered BFSI software and services firm, wholly-owned by Japan's DTS Corporation, that sells the FinCraft suite — Core Banking, ILMS, Microfinance, FinDART, and RegTech modules — to banks, NBFCs, and MFIs across India, South Asia, and Southeast Asia.

Ownership category

akta.pro rank

Product category

Banking and Financial Software

NAICS

Custom Computer Programming Services (541511), Computer Systems Design Services (541512), Other Computer Related Services (541519)

SIC

Services-Computer Programming Services (7371), Services-Computer Integrated Systems Design (7373)

akta.pro primary industry

Loan Servicing Platforms (Billing, Statements, Customer Self-Service) (FSAGAHAH)

akta.pro secondary industries

Compliance & Regulatory Operations (AML/KYC, Reporting, Audit) (FSAGAAAL), Customer Experience & Engagement (CRM, Support, Rewards, Loyalty) (FSAGAAAM)

Keywords

• Core banking software
• Lending management solutions
• Microfinance technology
• Financial software products
• Banking IT services

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Software Licensing: Perpetual and subscription-based licensing of FinCraft suite of products including Core Banking, Lending Management, Data Archival, and regulatory reporting solutions
2. Professional Services: IT consulting, custom application development, implementation services, testing services, and IT infrastructure services for banking and financial services sector
3. Staff Augmentation: IT staff augmentation services providing skilled resources to clients, referred to as Talent on Demand
4. Business Process Outsourcing: Back office outsourcing services including customer care, form processing, technical helpdesk, and B2B/B2C collections
5. Third-Party CBS Implementation: Implementation and customization of third-party Core Banking Solutions including Finacle (Infosys) and Oracle FLEXCUBE
6. SWIFT Services: Specialized SWIFT services for banks and financial institutions in India and sub-continent region

Go-to-market motion3 records

Distribution channels3 records

Marketing channels8 records

Core offering

Nelito Systems develops and sells the FinCraft suite of proprietary banking and financial software products—including Core Banking Solution, Integrated Lending Management Solution (ILMS), Microfinance Solution, Data Archival & Retrieval (FinDART), regulatory reporting, cheque truncation, mobile and internet banking, and doorstep/agency banking. It also delivers professional services such as SWIFT services, IT staff augmentation, custom application development, third-party CBS implementation (Finacle, Oracle FLEXCUBE), testing services, and business process management to banks, NBFCs, MFIs, and government organizations across emerging markets.

Product overview

Nelito Systems provides a comprehensive suite of financial software products and services under the FinCraft™ brand for Banks, NBFCs, and MFIs. The product portfolio consists of core products (Core Banking Solution, Integrated Lending Management Solution, Microfinance Solution) supplemented by modular add-on solutions (Regulatory Reporting, Data Archival, Cheque Truncation, Mobile/Internet Banking, Door-Step Banking, Anti-Money Laundering). The ILMS itself comprises sub-modules for Loan Origination, Loan Management, Collections/Recovery, and Lending Analytics. Nelito also offers professional services including SWIFT Services, IT Staff Augmentation, Custom Application Development, Third Party CBS Implementation (Finacle, Oracle FLEXCUBE), Testing Services, and Business Process Management. The company is a CMMI Level 3 certified organization serving 450+ BFS clients globally across 20 countries, and is a group company of DTS Corporation, Japan.

Differentiator

Problem solved

Functional benefit

Brands

• FinCraft: FinCraft is Nelito's primary product brand encompassing core banking, lending management, enterprise reporting, data archival, and mobility solutions for banks, NBFCs, and MFIs.
• FinDARTTM

Products and services

• FinCraft™ Core Banking Solution

Quantifiable outcome

• Nelito's mobile-enabled field force resulted in higher loan disbursements and higher market penetration for Sonata Finance
• +2 more outcomes

Named customers19 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

AI capability6 records

Feature8 records

Partnerships

Five partnerships are on record, tiered minor and core.

• Singapore Fintech Festival 2019minorGTM or Marketing Partner · 11 November 2019Nelito exhibited at the World's Largest Fintech Festival organized by Monetary Authority of Singapore at Singapore EXPO.
• Sa-Dhan National Conference 2019minorGTM or Marketing Partner · 16 September 2019Nelito was Co-Sponsor at Sa-Dhan National Conference 2019 in New Delhi - India's oldest industry body for microfinance and Self-Regulatory Organization.
• Microfinance Success Asia 2019 (HBZ Events & Myanmar Microfinance Association)minorGTM or Marketing Partner · 23 July 2019Nelito was Premier Sponsor at Microfinance Success Asia 2019 summit in Yangon, Myanmar. Engaged with 200+ leaders from inclusive finance across emerging Asia.
• Infosys (Finacle)coreChannel Partner/ Reseller/ DistributorNelito started its Finacle journey in 2004 as a partner to Infosys Technologies. Provides implementation and customization services for Finacle Core Banking Solution for different sized banks.
• Oracle (FLEXCUBE)coreChannel Partner/ Reseller/ DistributorImplementation and customization partner for Oracle FLEXCUBE core banking solutions for banks.

Scale indicators5 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• Infosys Finacle (Infosys): Infosys Finacle is the closest direct competitor for Nelito's FinCraft Core Banking product, and is also Nelito's longest-standing implementation partner since 2004 — the two firms compete for the same Indian and emerging-market bank core-banking RFPs while partnering on delivery.
• TCS BaNCS: TCS BaNCS is TCS's flagship core banking, lending and insurance platform and competes head-to-head with Nelito for Indian public-sector bank, cooperative bank and NBFC modernisation deals, leveraging significantly larger sales and delivery scale.
• Intellect Design Arena: Intellect Design Arena is an India-headquartered BFSI software product company selling core banking, lending and digital banking suites globally — directly comparable in product shape, target customers and emerging-market focus to Nelito's FinCraft portfolio.
• Newgen Software: Newgen Software is an Indian enterprise software vendor with strong presence in banking (loan origination, trade finance, customer communication management), competing with Nelito's LOS, lending analytics and enterprise reporting products across Indian banks and NBFCs.

Broad incumbents

• Oracle Financial Services (FLEXCUBE): Oracle FLEXCUBE is a global core-banking platform for which Nelito is also an implementation partner; they co-operate on services while competing on product sales to the same universe of mid-tier and emerging-market banks.
• Mphasis: Mphasis is a large Indian IT services and product company with a dedicated BFSI vertical serving Indian private and foreign banks — competes with Nelito for IT services, staff augmentation and digital transformation mandates at BFSI clients including those already on FinCraft.
• Persistent Systems: Persistent Systems is an India-headquartered IT services firm with a strong BFSI software engineering practice; it competes with Nelito on CBS customisation, digital channel development and lending modernisation projects at Indian and US banks.
• Temenos: Temenos is a global core-banking platform vendor expanding aggressively into emerging Asia and Africa — competing with Nelito's FinCraft for new core-banking RFPs at mid-tier and microfinance-tied banks in the same geographies Nelito targets.

Emerging players

• Mambu: Mambu is a cloud-native core-banking and lending platform targeting NBFCs, digital banks and microfinance lenders — an emerging competitive threat to Nelito's FinCraft ILMS and Microfinance products from a SaaS delivery model.
• Mifos Initiative: Mifos is an open-source microfinance platform widely deployed in South and Southeast Asian MFIs (India, Nepal, Myanmar, Cambodia), competing at the bottom of the market with Nelito's FinCraft Core Microfinance Solution for emerging-market MFI digital rollouts.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/nelitosystem
• Facebookfacebook.com/NelitoSystems
• LinkedInlinkedin.com/company/nelito-systems-ltd

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 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 Nelito Systems Pvt. Ltd.