Veefin Solutions has entered into a Business Transfer Agreement to sell the business undertaking of its subsidiary, Infini Systems Limited (ISL), to Nityo Tech Private Limited (NTPL) for ₹30 crore. The transaction, executed on August 25, 2026, is structured as a slump sale on a going concern basis.

The deal consolidates service operations within the Veefin group. NTPL is a subsidiary of ISL and a step-down subsidiary of Veefin. Consequently, the company stated there will be no impact on Veefin’s consolidated financials or shareholding pattern.

Transaction Details

The agreement was signed between ISL and NTPL with an expected completion date of September 30, 2026, or such other date as mutually agreed. The consideration is fully in cash.

Financial Impact and Rationale

ISL contributed ₹891.05 lakh in revenue from operations for the year ended March 31, 2026, representing 2.58% of Veefin’s consolidated revenue from operations. Its net worth stood at ₹2,912.47 lakh, accounting for 4.88% of the parent company’s consolidated net worth.

In contrast, the buyer, NTPL, reported revenue from operations of ₹5,181.86 lakh for the same period. The company cited operational efficiency, streamlined group structure, and sharper business focus as the rationale for moving ISL’s API-driven solutions and IT services into NTPL, which serves as the group’s global capability centre.

The transaction is classified as a related-party transaction but was conducted on an arm’s length basis. It does not fall under a Scheme of Arrangement.

What the Numbers Show

The disparity in scale between the two entities highlights the consolidation strategy. ISL’s revenue contribution of ₹891.05 lakh is less than one-sixth of NTPL’s ₹5,181.86 lakh revenue for FY26. By merging the smaller unit into the larger global capability centre, Veefin appears to be centralizing its IT and consultancy services under a single, higher-revenue operating entity, potentially reducing overheads associated with maintaining separate corporate structures for similar service lines.

Veefin Solutions Limited has announced a strategic partnership with NSIA Group to expand supply chain finance capabilities across five West African markets. The agreement, disclosed on August 18, 2026, under Regulation 30 of the SEBI LODR Regulations, 2015, involves deploying Veefin's digital platform across NSIA's banking entities in Côte d'Ivoire, Senegal, Benin, Togo, and Guinea.

The partnership aims to address the SME financing gap in the region by automating processes from onboarding to disbursement. Veefin will provide the platform licence and ongoing maintenance for the deployment of Reverse Factoring and Factoring programmes. These solutions are designed to connect anchor corporates with their supplier and buyer networks, enabling early payments to suppliers and unlocking working capital against approved receivables.

Strategic deployment across five markets

The initiative focuses on digitalising supply chain finance to overcome fragmented data and manual processes that traditionally limit short-cycle working capital access. By using a single digital platform, NSIA Group can offer consistent SCF products while retaining market-specific flexibility. Raja Debnath, Managing Director and CEO of Veefin Solutions, noted that such multi-country deployments demonstrate how scalable, technology-led financing ecosystems are becoming reality.

Massetou Traoré, Deputy Managing Director of NSIA Group, stated that the partnership reflects a commitment to fostering innovation and financial accessibility. He highlighted the region's transition toward digital financial ecosystems that support SME growth and inclusion.

Platform architecture and outlook

The deployment runs on Veefin's SCF platform, part of the broader Veefin 4.0 architecture. This same platform supports other major programmes, including PSB Xchange in India and the Kafalah SME credit guarantee programme in Saudi Arabia. Veefin's solutions are currently in production at more than 50 financial institutions across Asia, Africa, and the Middle East.

Implementation is expected to go live progressively across the five banking entities. Veefin and NSIA Group plan to work together to expand product offerings and counterparty coverage in each market as the rollout continues.

Partnership at a glance

The key parameters of the Veefin Solutions and NSIA Group partnership are summarised below.

What the numbers show

While no financial values were disclosed for this specific deal, the scale of the partnership is evident in its geographic scope. The deployment covers five distinct national banking entities within a single group, indicating a standardised approach to regulatory and operational compliance across borders. This aligns with Veefin's broader strategy of leveraging a common architecture for diverse markets, as seen in its existing operations in India and Saudi Arabia.