Bandhan Financial acquires global IT firm Genisys
Bandhan Bank’s promoter Bandhan Financial Services Ltd (BFSL) recently expanded into the global IT sector by acquiring a well-known IT and business process management firm Genisys Group This strategic acquisition is in line with BFSL’s broader vision of advanced technology will be used to enhance productivity and diversify its portfolio beyond alignment with financial performance.
Known for its expertise in digital transformation, data analytics, cloud services, digital media services and intelligent business process solutions, Genisys Group brings a comprehensive digital offering to Bandhan With this acquisition, BFSL aims to to strengthen its position in providing integrated solutions to all types of businesses around the world.
Arvind Agarwal, Managing Director, BFSL, highlighted the potential of the acquisition to enhance shareholder value by expanding into high-growth sectors. The move also supports BFSL’s recent expansion in insurance and asset management. Earlier this year, BFSL rebranded Agon Life Insurance as Bonded Life Insurance following its acquisition and acquired IDFC Asset Management Company to grow its financial services segment.
The acquisition of Genisys enables Bond Financial Services to compete in the global digital solutions market, strengthens its commitment to technology-driven growth and offers a range of services beyond traditional banking and finance.
