What Boswin does

Boswin Group (Pvt) Ltd is a privately held Sri Lankan conglomerate headquartered in Pita Kotte, with operating presence in Sri Lanka, Hong Kong, and China. Founded in 2000, the company positions itself as a technology development and digital transformation firm while simultaneously operating a diversified portfolio across fintech, HR/payroll, healthcare, senior care, agriculture, education, manufacturing, exports, trading, industry, power, and consumer products. Its core technology offerings are four wholly-owned software brands: Sri Pay (Sripay), a custom payment gateway connecting global wallets via QR; Beez24, a human resource and payroll management platform; Med Advisor, a healthcare advisory service delivered through messaging; and GrandCare, a senior living care platform.

Beyond software, Boswin runs a parallel hardware and services business. It is an Official Authorized Retailer of Xiaomi in Sri Lanka through MI Store, distributes an electric three-wheeler conversion service under Go Green, sells a premium gem and jewelry line under K'DO, and is building a nutraceutical capsule manufacturing facility under Boswin Nutraceuticals (Aquasis) intended to offer OBM, OEM, and ODM services. Its service offerings span technology development (web, mobile, enterprise software), digital transformation (business process automation, cloud migration, digital strategy), and fintech solutions (payment gateways, digital banking, blockchain applications). Revenue is generated through a mix of recurring software subscriptions (Beez24, Sripay, Med Advisor, GrandCare), hardware sales (Xiaomi retail), professional services (digital transformation consulting), and planned one-time/manufacturing revenue from nutraceuticals.

The go-to-market motion is sales-led and horizontal, targeting twelve industry segments simultaneously with limited named-anchor enterprise customers. Distribution combines self-serve digital platforms for the software brands, a physical authorized retail storefront for Xiaomi hardware, direct enterprise sales for transformation services, and a government-anchored export partnership with the Sri Lanka Handicrafts Board for handicraft distribution in China. Pricing is not publicly disclosed and appears quote-based across enterprise software and services lines.

Name

Boswin

Legal name

Boswin Group (Pvt) Ltd

Website

https://boswingroup.com

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

11–50 employees

Short description

Boswin Group is a privately held Sri Lankan technology conglomerate offering proprietary software brands (Sri Pay, Beez24, Med Advisor, GrandCare), Xiaomi retail, digital transformation services, and planned nutraceuticals manufacturing, operating across Sri Lanka, Hong Kong, and China.

Ownership category

akta.pro rank

Product category

Enterprise Software & IT Services

NAICS

Custom Computer Programming Services (541511), Professional, Scientific, and Technical Services (541)

SIC

Services-Management Consulting Services (8742)

akta.pro primary industry

Buy Now, Pay Later (BNPL) Platforms (BPAMAFAG)

akta.pro secondary industry

BNPL Consumer Apps & Wallets (Discovery, Management) (FSAGAIAG)

Keywords

• Payment gateway solutions
• HR payroll software
• Healthcare advisory platforms
• Senior care technology
• Digital transformation services

Headquarters

HQ city

Pita Kotte

HQ country

Sri Lanka

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Software

Cost components

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

Revenue model

1. FinTech Solutions: Revenue from payment gateways, digital banking, and blockchain applications through Sripay and other fintech products
2. HR/Payroll Software: Revenue from Beez24 human resource and payroll management platform
3. Healthcare Technology: Revenue from Med Advisor health advisory services
4. Senior Care Technology: Revenue from GrandCare senior living care platform
5. Hardware Sales (Xiaomi): Revenue from authorized Xiaomi retail operations through MI Store
6. Digital Transformation Services: Business process automation, cloud migration, and digital strategy consulting services
7. Manufacturing (Nutraceuticals): Planned manufacturing operations for nutraceuticals with OBM, OEM, and ODM services from Aquasis facility

Go-to-market motion1 record

Distribution channels4 records

Marketing channels3 records

Core offering

Boswin develops and operates four proprietary software platforms — Sripay (payment gateway for global wallets and QR payments), Beez24 (human resource and payroll management), Med Advisor (messaging-based healthcare advisory), and GrandCare (senior living care platform) — alongside digital transformation and technology development services (web/mobile apps, enterprise software, business process automation, cloud migration) for businesses in Sri Lanka, Hong Kong, and China. The group also operates an authorized Xiaomi retail outlet (MI Store), electric three-wheeler conversion (Go Green), premium ethnic jewelry (K'Dona), and is planning nutraceutical capsule manufacturing (Aquasis).

Product overview

Boswin is a technology development company and conglomerate offering a diverse portfolio of products and services across multiple sectors. The core product portfolio includes Sripay (a payment gateway), Beez24 (HR/payroll management), Med Advisor (health management), and GrandCare (senior living care). Additional sub-brands include MI Store (Xiaomi retailer), Go Green (EV conversion), K'Dona (jewelry), and Falcora. The company also provides service offerings in Technology Development (web, mobile, enterprise software), Digital Transformation (automation, cloud, strategy), and FinTech Solutions (payments, banking, blockchain). These products and services span across Fintech, Agriculture, Education, Industrial Solutions, Manufacturing, Exports, Business Solutions, and Trading sectors.

Differentiator

Problem solved

Functional benefit

Brands

• Sri Pay (SRI PAY): Custom-designed payment gateway enabling seamless online payments.
• Beez24
• Med Advisor
• GrandCare
• MI Store
• Go Green
• K'DO
• Falcora
• Aquasis

Products and services

• Sripay (Sri Pay) A custom-designed payment gateway enabling seamless online payments and connecting global wallets through multiple apps and a single QR, targeted at merchants and consumers needing interoperable digital payment acceptance.
• Beez24 A human resource and payroll management platform for businesses to handle employee data, payroll processing, and HR workflows.
• Med Advisor A health management application that provides health services and advisory to users through messaging, aimed at general healthcare consumers.
• GrandCare A senior living care platform that combines compassion with technology to empower elderly care, targeted at senior care facilities, families, and elderly users.
• MI Store Official authorized retail outlet for Xiaomi mobile devices and electronics in Sri Lanka, providing a trusted local channel for Xiaomi products to individual and SMB consumers.
• Go Green An electric three-wheeler conversion service enabling owners to electrify their rides with eco-friendly upgrades, targeted at three-wheeler owners and small fleet operators in Sri Lanka.
• K'Dona (K'DO) A premium gem and jewelry collection featuring elegant, handcrafted ethnic jewelry pieces for individual retail consumers.
• Technology Development Services Custom-built innovative technology including web applications, mobile solutions, and enterprise software for businesses needing digital product development.
• Digital Transformation Services Digital transformation consulting and implementation services encompassing business process automation, cloud migration, and digital strategy for organizations modernizing their operations.
• FinTech Solutions Financial technology services delivering custom payment gateways, digital banking solutions, and blockchain-based applications for organizations serving financial services and payment use cases.

Named customers4 records

Segments12 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature8 records

Partnerships

Two partnerships are on record, tiered core.

• Sri Lanka Handicrafts Board (Laksala)coreStrategic or Co-development Partner · 18 February 2020Strategic partnership with Sri Lanka Handicrafts Board for the 06th Foreign Chartered Dealer Showroom opening in China. Boswin participated in signing agreement with Chairman Dayasiri Jayasekara at the State Ministry of Batik Handlooms and Local Indigenous Products. This partnership facilitates international export of Sri Lankan handicraft products.
• XiaomicoreChannel Partner/ Reseller/ DistributorOfficial Authorized Retailer of Xiaomi in Sri Lanka operating MI Store. Boswin distributes Xiaomi mobile devices and electronics products through their retail channel, providing trusted source for Xiaomi devices in the Sri Lankan market.

Scale indicators5 records

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• Stripe: Stripe is a global payment infrastructure platform enabling online payments and financial services for businesses. It is comparable to Sripay as a merchant payment gateway competitor with a much broader geographic and product footprint.
• PayPal: PayPal operates a global digital payments and wallet platform spanning online checkout, P2P, and cross-border transfers. It overlaps with Sripay's wallet/QR and online payment gateway focus, serving merchants and consumers worldwide.
• Infosys: Infosys is a global IT services and digital transformation consultancy serving enterprise clients across industries. It is broadly comparable to Boswin's digital transformation, cloud migration, and custom enterprise software service offerings, though at vastly greater scale.
• ADP: ADP is the dominant global HR and payroll management platform serving SMBs and enterprises. It is directly comparable to Beez24 as a payroll-focused HR software provider, though ADP's scale, geographic reach, and compliance library are far greater.
• Block (Square): Block operates Square for merchant payment acceptance and Cash App for consumer wallets — a direct functional analog to Boswin's Sripay combining merchant and consumer wallet offerings, though at vastly larger scale.

Emerging players

• Honor Technology: Honor Technology is a U.S.-based senior care technology and care coordination platform. It is a direct functional peer to GrandCare, both targeting senior living facilities and families with technology-enabled care management, though Honor operates primarily in North America.

Direct peers

• Gusto: Gusto is an SMB-focused HR, payroll, and benefits platform primarily serving U.S. small businesses. It is a direct functional peer to Beez24, both targeting smaller employers with bundled payroll and HR features via subscription SaaS.

Others

• Xiaomi: Xiaomi is a global consumer electronics and smartphone manufacturer. It is comparable to Boswin not as a competitor but as a strategic partner — Boswin operates MI Store as an authorized Xiaomi retailer in Sri Lanka, distributing Xiaomi hardware.

Regional players

• WNS Holdings: WNS is a business process management and digital transformation services provider with significant South Asian operations serving global enterprises. It overlaps with Boswin's digital transformation and process automation service line, though WNS is far larger and publicly listed.
• Practo: Practo is a digital healthcare platform connecting patients with doctors and offering online consultations primarily in India. It is comparable to Med Advisor as a messaging-based healthcare advisory service in South Asia, though Practo is significantly larger and more established.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/boswin.lk
• LinkedInlinkedin.com/company/boswin

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries8 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 Boswin