Trust Fintech Ltd

(TRUST)

Trust Fintech Ltd TFL was originally incorporated on December 15 1998 as a Private Limited Company as Trust Systems and Software India Limited with the Registrar of Companies Mumbai. The Company was converted from a Private Limited Company to Public Limited Company and consequently the name of Company was changed to Trust Systems and Software India Limited. A Fresh Certificate of Incorporation consequent to Conversion was issued on September 29 2023 by the Registrar of Companies Mumbai. Further the Company changed its name from Trust Systems and Software India Limited to Trust Fintech Limited and a fresh Certificate of Incorporation was issued on December 14 2023 by the Registrar of Companies Mumbai.Trust Fintech Limited is basically a Nagpur based SaaS Product focused company which has carved a niche in providing Core Banking Software IT Solutions ERP Implementation and Customized Software Solutions Development SAP B1 and Offshore IT services for the BFSI Sector. The Company was founded by Mr. Hemant Chafale Mr. Heramb Ramkrishna Mr. Mandar Kishor Deo in delivering secured core banking solutions worldclass technology solutions to a virtually integrated banking and financial ecosystem. The Company is majorly involved into Implementation and deployment of Core banking Software i.e. TrustBankCBS or MicroFinS. TrustBankCBS mainly serves the needs of medium to large banks financial institutions and MicroFinS serves the needs of Small growing Cooperative Societies SACCOS similar banking institutions. Their flagship product TrustBankCBS is a webbased software. Alternatively it is also available as OfftheShelf Banking Software Solution in a Software as a Service SaaS model.TrustBankCBS with its diverse inbuilt modules streamlines banking operations by offering endtoend solutions. It facilitates seamless customer onboarding KYC compliance and robust loan management. The system enhances front office and back office efficiency ensuring smooth retail and corporate banking services. It provides features like digital banking interfaces statutory compliance reports and antimoney laundering tools contributing to operational transparency and regulatory adherence. With modules for treasury management funds automation and business intelligence TrustBank CBS empowers banks to operate efficiently meet compliance requirements and deliver a superior customer experience. Also the Company has served this Core Banking Software Product TrustBankCBS in India Sri Lanka Nepal California Ghambia Tanzania Ghana Liberia Nigeria Zimbabwe and few more countries.On the other hand MicroFinS is a costeffective cloudbased Core Banking Solution for Savings Credit for Cooperative Society SACCOS Credit Unions Microfinance Institutions. Developed on an opensource platform i.e. PHP MYSQL Running on Ubantu Linux OS. So it is a complete CBS with a minimal total cost of ownership TCO compared to alternatives available for SACCOS. MicroFinS offers a comprehensive suite of solutions covering diverse accounts deposits centralisable configurations business intelligence loans and statutory compliances. Its graphical Business Intelligence reports enable quicker decisionmaking while features like configurable loan products and centralized parameters streamline operations making it a valuable asset for SACCOS by focusing on affordability and efficiency.The Company propose a Public Issue of 6282000 Equity Shares through Fresh Issue..

Share Price: ₹166.90 per share as on 22 Nov, 2024 04:01 PM
Market Capitalisation: ₹416.46Cr as of today
Listing date: 04 Apr, 2024