Chella Software

What Chella Software does

Chella Software Private Limited is an India-based fintech software provider founded in 2000, headquartered in Madurai with a sales office in Chennai, that builds high-performance, low-latency software for global financial market participants. The company serves five primary customer segments — Central Banks, Exchanges and Central Counterparties (CCPs), Brokerages, Institutional Investors, and Enterprise Treasuries — across 12 countries in Asia, East Africa, Southeast Asia, and the Middle East. Its product portfolio includes ten proprietary platforms: Chella Horizen (investment management and IFRS-compliant accounting for central banks and institutional investors), Chella Trader and ClearVision (multi-asset order management and post-trade back office for brokerages), Chella IMS (post-trade investment management for pension funds, insurance, and family offices), Chella TMS (group treasury management for conglomerates), Chella Nimbus (cloud-based SaaS forex risk management with IFRS 9 hedge accounting), Chella Markets (digital distribution platform for bank treasuries), Chella Finclude and RHINO ChatBOT (USSD/chat-based financial inclusion platforms), and ActiveRisk (CCP risk management with SA-CCR compliant hypothetical capital computation). Notable deployments include the Nairobi Securities Exchange common IT infrastructure (processing 95% of Kenyan capital market transactions with 99.99% uptime over 7 years and managing 2M+ depository accounts), the National Bank of Rwanda's eSub retail bond platform, Keppel Corporation's treasury system covering 200+ subsidiaries across 35 countries, and the Dubai Commodity Clearing Corporation's CCP risk platform.

The company operates on a hybrid revenue model combining perpetual software licensing (for on-premise enterprise deployments), subscription-based SaaS (for Chella Nimbus and other cloud products with pay-as-you-go pricing), and Build-Operate-Maintain professional services for custom development and long-term operational support. Go-to-market is enterprise field sales led by a SVP Sales and SVP Solutions, targeting C-suite decision-makers at central banks, exchanges, clearing corporations, brokerages, and large corporates; the company supplements direct sales with system integrator partnerships (e.g., CSC Inc. for the Keppel RFP) and digital marketing through its website, case studies, and social channels. The firm remains privately held with no disclosed external funding, no parent company, and a founder-driven leadership team led by CEO Kathir Kamanathan Annamalai.

Name

Chella Software

Legal name

Chella Software Private Limited

Website

https://chelsoft.com

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

101–250 employees

Short description

Chella Software is an India-based fintech software firm founded in 2000 that builds high-performance trading, treasury, risk management, and financial inclusion platforms for central banks, exchanges, brokerages, institutional investors, and enterprises across 12 countries.

Ownership category

akta.pro rank

Product category

Capital Markets Fintech Software

NAICS

Software Publishers (5132), Computer Systems Design Services (541512)

SIC

Services-Prepackaged Software (7372), Services-Computer Programming Services (7371)

akta.pro primary industry

Risk, Controls & Governance (GRC) Platforms (FSAFAOAG)

akta.pro secondary industries

Cross-Border FX, Multi-Currency & Treasury for Payments (FSAGABAK), IT Governance, Risk & Compliance (IT GRC) Platforms (HDAEALAK)

Keywords

• Capital markets software
• Trading and risk platforms
• Treasury management software
• Central counterparty clearing
• Financial inclusion platforms

Headquarters

HQ city

Madurai

HQ country

India

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. SaaS Subscription (Cloud-based): Chella Nimbus and other cloud-based products are offered as SaaS with pay-as-you-go model. Customers pay for usage on subscription basis.
2. Software Licensing: Licensing of proprietary fintech solutions to financial institutions including exchanges, CCPs, brokerages, central banks and enterprises. Includes implementation and customization services.
3. Build-Operate-Maintain Services: Custom software development and long-term operational support engagements on build-operate-maintain model for bespoke solutions.
4. Implementation & Consulting: Professional services for system implementation, data migration, customization, and integration with existing enterprise systems including ERP and SWIFT.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels9 records

Core offering

Chella Software builds and licenses proprietary, high-performance low-latency fintech software for global capital market participants. Its product suite covers trading/risk platforms for exchanges and brokerages, reserve and investment management for central banks and institutional investors, corporate treasury and forex risk SaaS, CCP risk systems, and mobile/USSD-based financial inclusion platforms. Solutions are delivered as licensed software, cloud SaaS, or build-operate-maintain engagements to financial institutions in roughly 12 countries.

Product overview

Chella Software offers a comprehensive suite of fintech solutions for global financial markets across five customer segments: Exchanges & CCPs, Brokerages, Central Banks, Institutional Investors, and Enterprises. The product portfolio includes trading, surveillance, risk management, clearing & settlement, compliance, revenue management, client onboarding, reporting, accounting, investment management, corporate treasury, and forex risk management capabilities. Core products include Chella Nimbus (forex risk SaaS), Chella TMS (treasury management), Chella IMS (investment management), Chella Markets (bank treasury distribution), Chella Trader (order management), Chella ClearVision (broker back office), Chella Horizen (reserve management), Chella Finclude and Chella RHINO (financial inclusion), ActiveRisk (CCP risk), and RHINO ChatBOT (conversational commerce).

Differentiator

Problem solved

Functional benefit

Brands

• Chella Horizen: Full coverage investment management and accounting platform for institutional investors like central banks, sovereign funds, pension funds, family offices and insurance firms
• Chella Trader
• Chella ClearVision
• Chella Nimbus
• Chella TMS
• Chella IMS
• Chella Rhino
• Chella Finclude
• RHINO
• ActiveRisk
• Chella Markets

Products and services

• Chella Nimbus Cloud-based SaaS platform for enterprise treasuries to manage P&L volatility from foreign exchange risk. Covers exposure definition, hedging policies, hedge performance tracking, MTM P&L computation, and IFRS 9 hedge accounting compliance with ERP integration.
• Chella TMS Corporate treasury management solution for group treasuries of global conglomerates. Manages accounting, cash and liquidity via in-house banking across 21 financial instruments including Fixed Income, Money Market, FX, Equity Investments, Derivatives, Commodities, Term Loans, Short Term Borrowings and Intercompany Borrowings, with SWIFT connectivity and POBO/COBO payment systems.
• Chella IMS Full coverage post-trade investment management and IFRS-compliant accounting platform for pension funds, insurance firms and family offices. Covers front, middle and back office operations across 20+ financial instruments with automated reconciliation and SWIFT integration.
• Chella Markets Digital platform combining workflow engine, dealing system, CRM system and business intelligence that enables commercial bank treasuries to digitally distribute treasury products such as FX to customers through branch sales teams.
• Chella Trader Multi-asset, multi-exchange, multi-currency, omni-channel order management system for brokerages. Available across desktops, tablets, smartphones and feature phones via USSD, with FIX and REST-based open APIs, chat interface, digital client onboarding and real-time payment integration.
• Chella ClearVision Modular broker back-office solution handling post-trade processing for equities, bonds, derivatives, OTC products and margin trading. Covers revenue management, contracting, settlement, accounting, risk management, receivables and payables with full general ledger capability and real-time reporting.
• Chella Horizen Full coverage investment management and accounting platform for central banks, sovereign funds, pension funds, family offices and insurance firms. Supports 21+ financial instruments including Fixed Income, Equities, Money Market, Private Equity, Alternative Investment Funds, Commodities, FX, Property, Derivatives, Structured Products and Borrowings, with multi-entity, multi-fund, multi-portfolio management and dynamic MTM plus portfolio performance computation (TWRR, IRR, MD).
• Chella Finclude Scalable nationwide financial inclusion platform delivering government and citizen financial services through a single USSD short code or unified app. Integrates multiple mobile network operators, service providers and payment providers to reach underserved populations.
• Chella RHINO Conversational commerce platform (ChatBOT) enabling investors to access data and perform transactions at stock exchanges, depositories and brokers via text messages and menus. Supports equity trading through participating brokers, fund transfers and portfolio valuation.
• ActiveRisk Risk management platform for central counterparties (CCPs) featuring hypothetical capital and c-factor computation. Includes an enhanced Hypothetical Capital module that is fully SA-CCR compliant, enabling netting benefits that reduce capital requirements for clearing members.
• eSub Retail bond platform developed for the National Bank of Rwanda enabling citizens with mobile phones to open accounts with the central depository, invest in central bank bonds, trade in the secondary market, and receive coupon/maturity payments through mobile wallets integrated with MTN and Airtel.
• RHINO ChatBOT Conversational commerce ChatBOT platform for capital markets that integrates multiple capital market service providers, enabling chat-based access to broker services, depository accounts, holdings, transactions and corporate actions through mobile interface.

Quantifiable outcome

• Zero broker defaults after system implementation in Kenya
• +5 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

AI capability2 records

Feature10 records

Partnerships

Five partnerships are on record, tiered core.

• CSC Inc.coreImplementation/ SI/ Consulting PartnerCSC Inc., a US-based Fortune 500 IT systems integrator, partnered with Chella Software (CSPL) to bid for the Keppel Corporation RFP. CSC provided systems integration expertise while Chella provided the treasury management product solution.
• Nairobi Securities Exchange PLCcoreStrategic or Co-development PartnerNSE selected Chella Software as the technology partner to set up a Common IT Infrastructure for the entire Kenyan capital market. This decade-long partnership has enabled Kenyan brokers to grow their business with managed risks. Over 95% of all transactions in Kenya flow through Chella Software's system.
• CDSC KenyacoreTechnology or IntegrationCentral Depository and Settlement Corporation Limited signed up for Chella Software's RHINO ChatBOT platform. CDSC joined RHINO on September 27, 2021, allowing investors to access account details, holdings, portfolio valuations, and transactions through the platform.
• National Bank of RwandacoreTechnology or IntegrationNational Bank of Rwanda selected Chella Software's financial inclusion platform to launch eSub, its retail bond platform. The platform integrates with NIDA (national identity), Airtel and MTN (mobile operators), the central depository, and other central bank systems.
• SWIFTcoreTechnology or IntegrationSWIFT connectivity integrated into Chella TMS and other treasury/investment management solutions for international payment and settlement processing.

Scale indicators9 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Murex: Leading capital markets and treasury software platform (MX.3) serving global banks, asset managers, and corporates. Overlaps with Chella's TMS, Nimbus, and Horizen offerings in treasury and investment management, but operates at much larger scale and primarily in developed markets.
• Temenos: Swiss-listed banking software provider serving retail, corporate, and wealth management banks globally. Adjacent to Chella's Chella Markets and TMS offerings for commercial bank customers; much broader in core banking and digital channels with a global installed base.
• Finastra: Major financial software provider formed from the merger of Misys and D+H, offering treasury, capital markets, lending, and core banking solutions (Fusion). Direct overlap with Chella in corporate treasury and capital markets; significantly larger global footprint and customer base.
• ION Group: Italian-headquartered global provider of capital markets, treasury, and commodity trading software (Murex, Calypso, Openlink, Fidessa). Competes with Chella in treasury management, CCP risk, and capital markets infrastructure, but with vastly broader product breadth, global delivery, and much larger customer base including Tier 1 banks and exchanges.
• SS&C Advent: SS&C's Advent business provides investment management, accounting, and reporting software for asset managers, hedge funds, and institutional investors. Comparable to Chella IMS and Horizen for institutional investor post-trade and accounting; larger scale with deeper US/UK footprint.
• FIS (Fidelity National Information Services): US-listed global financial technology giant providing trading, processing, treasury, and risk solutions to banks, brokerages, and exchanges. Overlaps with Chella's Trader, ClearVision, and Horizen product lines, with deep Tier 1 market presence and far greater R&D and sales investment.
• Broadridge Financial Solutions: US-listed capital markets infrastructure provider covering trade processing, securities lending, data, and post-trade. Comparable to Chella's brokerage and exchange/CCP offerings; substantially larger scale and primarily serves developed market broker-dealers and exchanges.

Direct peers

• Kyriba: Cloud-based treasury and risk management SaaS platform serving corporate treasurers globally. Most direct competitor to Chella Nimbus on FX/treasury risk SaaS, with a substantially larger SaaS customer base and stronger presence among large multinational corporates.
• Calypso Technology (ION): Capital markets and treasury platform (now part of ION Group) providing cross-asset trading, risk, and post-trade processing. Closest comparable to Chella TMS, Nimbus, and ActiveRisk for corporate treasuries and capital markets infrastructure, with similar functional scope but much larger global customer base.
• Openlink Financial (ION): ION's treasury, commodity trading, and risk management platform serving large corporates, traders, and financial institutions. Directly comparable to Chella TMS and Nimbus product scope, with longer enterprise track record and broader asset-class coverage.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/ChellaSoft
• YouTubeyoutube.com/@chellasoftware1757
• Facebookfacebook.com/Chella-Software-Private-Limited-128693490476848
• LinkedInlinkedin.com/company/245210

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 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 Chella Software