Company Ш moves forward, now listed on National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) mainboards, to foster growth and advancement in strategic initiatives and innovation.

Leading Indian Payments and Technology Service Provider, Network People Services Technologies Ltd. (NPST), Upgrades to NSE and BSE Mainboards

In a significant growth milestone, Network People Services Technologies Ltd. (NPST), India's premier payments and technology service provider, has successfully transitioned from the NSE Emerge platform to the Mainboards of the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). This move involved 1,93,89,900 equity shares with a face value of Rs. 10 each, carried out in accordance with SEBI's Issue of Capital and Disclosure Requirements Regulations, 2018.

Deepak Chand Thakur, Co-founder and CEO of NPST, commented on this achievement, stating, "Transiting to the Mainboard sets the stage for '2.0 and beyond'-the next phase of our journey. This move reinforces our credibility and offers flexibility to create lasting value for our customers, partners, and investors. We look forward to an exciting and transformative growth journey."

Established in 2013, NPST operates across key layers of India's financial technology stack, encompassing UPI switching, merchant acquiring, digital banking infrastructure, and regulatory technology. The company caters to over 100 plus customers - banks and fintech institutions - playing a key role in driving Bharat's digital transformation.

Ashish Aggarwal, Co-founder and Joint Managing Director of NPST, addressed the development, saying, "This move marks a pivotal moment in our development and the dawn of a new era. The transition to NSE and BSE Mainboards enhances corporate governance, builds investor trust, and strengthens our foundation for sustainable growth. It signifies a structural advancement setting the stage for the next decade of growth."

Savita Vashist, Co-founder and Executive Director of NPST, added, "NPST's transition to the mainboard is a source of immense pride. Our vision from the start has been to empower the ecosystem with cutting-edge technology, simplifying digital payments, fortifying partnerships, and expanding possibilities. This milestone fuels our ambition to expand our global footprint, deepen our investments in AI/ML, especially in the RegTech space, and continue innovating across the financial value chain with excellence and trust."

The company enters this new phase with robust momentum. For the first nine months of FY25, NPST recorded a 78.5% year-on-year increase in revenue, with net profit rising by 133% to Rs. 38.91 crore. EBITDA also grew 96.2% to Rs. 55.71 crore, demonstrating strong operational leverage and business scalability.

En route to an exceptional FY24, NPST reported revenues of Rs. 130.08 crore (up 216% year-on-year), EBITDA of Rs. 43.70 crore (up 253% year-on-year), and net profit of Rs. 26.71 crore (up 310% year-on-year).

The listing is essential to NPST's broader '2.0' strategy, which revolves around transformation, innovation, and growth. Through this strategy, the company aims to venture into high-potential verticals such as embedded finance, AI-driven risk and compliance solutions, and B2B bill payments-sectors with a combined market opportunity of approximately $50 billion within India's rapidly digitalizing financial services landscape.

As part of its international growth plans, NPST has recently set up an office in Dubai as the initial step in entering key global markets. The company also plans to increase its workforce by 50% to support its next growth stage.

Incorporated in 2013, NPST is a leading fintech firm in India, specializing in UPI payments and digital banking, operating as both a Technology Service Provider (TSP) and a Payment Platform as a Service Provider (PPaaS). Solutions include online and offline transaction processing, banking super apps, fraud prevention, dispute management, and compliance tech. NPST's mission is to deliver financial technology solutions across the financial value chain, serving banks, fintechs, and other industry players, and to drive the growth of the digital payments ecosystem.

NPST supports over 100 customers and processes more than 60 million transactions daily, propelling businesses, individuals, communities, and economies through its innovative solutions. For FY24, the company has reported total revenues of Rs. 130.08 Cr with 216% YoY growth, EBITDA of Rs. 43.70 Cr with 253% YoY growth, and net profit of Rs. 26.71 Cr with 310% YoY growth.

For further details, please visit www.npstx.com.

Deepak Chand Thakur, the CEO of NPST, mentioned that the transition to the Mainboard sets the stage for the next phase of their journey, which they refer to as '2.0 and beyond'.
Ashish Aggarwal, Joint Managing Director of NPST, indicated that the move to the NSE and BSE Mainboards enhances corporate governance, builds investor trust, and strengthens the foundation for sustainable growth.
Savita Vashist, Executive Director of NPST, expressed that the milestone of transitioning to the mainboard fuels the company's ambition to expand its global footprint, deepen investments in AI/ML, especially in the RegTech space, and continue innovating across the financial value chain with excellence and trust.
The company's '2.0' strategy, essential to their listing, focuses on transformation, innovation, and growth, with plans to venture into high-potential verticals such as embedded finance, AI-driven risk and compliance solutions, and B2B bill payments, sectors with a combined market opportunity of approximately $50 billion within India's rapidly digitalizing financial services landscape.
NPST, a leading fintech firm in India, is also planning to increase its workforce by 50% as part of its international growth plans, with the recent setup of an office in Dubai as the initial step in entering key global markets.

Company Ш moves forward, now listed on National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) mainboards, to foster growth and advancement in strategic initiatives and innovation.