KFin Technologies Limited delivered a strong financial performance in Q3 FY26, demonstrating successful execution of its diversification strategy and international expansion through the Ascent acquisition. The company's results reflect both organic growth momentum and the strategic benefits of geographic and business line diversification.

Financial Performance Highlights

The company reported robust revenue growth across multiple metrics during the quarter ended December 31, 2025. Including the Ascent acquisition, revenue from operations reached INR 413 crores, marking a substantial 27.9% year-on-year increase and 19.9% sequential quarter-on-quarter growth.

For the nine months ended December 31, 2025, revenue including Ascent stood at INR 954 crores, representing an 18% year-on-year growth. The EBITDA for the nine-month period reached INR 401 crores with a growth of 12.5%.

Ascent Integration Success

The integration of Ascent, effective October 13, 2025, has significantly transformed KFin's business profile and international footprint. The acquisition added 328 additional clients and expanded the company's managed AUM from $10 billion to $41 billion. Ascent operates across 18 different countries, with Singapore being the largest contributor, followed by Cayman, Middle East, and Hong Kong.

The acquisition has also driven meaningful business diversification, with domestic mutual fund revenue contribution decreasing from 71% in Q3 FY25 to 59.8% in Q3 FY26, while International Investor Solutions increased from 4% to 16.7%.

Business Segment Performance

The company's issuer solutions business achieved significant milestones, crossing 10,000 corporates and maintaining over 50% market share in Nifty 500 companies by market capitalization. The segment delivered 22% year-on-year growth despite tepid retail participation in secondary markets.

KFin's National Pension System business reached a major milestone of 2 million subscribers, achieving breakeven and generating healthy 30% EBITDA margins while growing at 35% compared to the industry's 12% growth rate.

Strategic Outlook

The company continues to focus on reducing concentration risk through geographic and business line diversification. Management expects to bring the domestic mutual fund contribution below 50% in the next couple of years through faster growth in other business segments. The establishment of operations in GIFT City provides additional advantages including 20-year tax credits for international operations.

KFin Technologies maintains its revenue growth guidance of 15-20% and EBITDA margin guidance of 40-45%, supported by the successful integration of Ascent and continued momentum across all business segments.

KFin Technologies Limited has announced the appointment of Mr. Nazish Hussain Mir as Chief Technology Officer, marking a strategic leadership addition to strengthen the company's technological capabilities. The Board of Directors approved the appointment through a circular resolution passed on February 16, 2026, with the appointment taking effect from April 01, 2026.

Appointment Details

The company formally communicated the appointment to both the National Stock Exchange of India Limited and BSE Limited in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Professional Background

Mr. Nazish Hussain Mir currently serves as Head of WebileApps (India) Private Limited, a wholly owned subsidiary and the core digital transformation arm of KFin Technologies Limited. Since co-founding WebileApps in 2009, he has led its remarkable evolution from a specialized startup into a substantial 400-person engineering organization that supports fintech, capital markets, and healthcare platforms across Indian and international markets.

Mir holds a BTech degree from KL University and gained initial industry experience working with Wipro Limited before embarking on his entrepreneurial journey with WebileApps. Under his leadership, the organization has undergone a significant transformation from a services-led company into a strategic engineering partner for financial institutions.

Leadership and Expertise

The new CTO brings extensive experience in several critical areas:

• Platform Modernization: Specializing in managed services and large-scale platform modernization initiatives
• Technical Architecture: Providing oversight of engineering capabilities, platform architecture, and delivery systems
• System Reliability: Focusing on system reliability, high-concurrency scalability, and regulatory compliance
• Digital Transformation: Leading transformation of platforms serving asset management companies and distributors

Innovation Focus

Mir is currently directing the adoption of applied artificial intelligence across the software development lifecycle. His current initiatives include implementing agentic coding frameworks and AI-assisted engineering workflows designed to improve productivity, reliability, and delivery precision. This technological focus aligns with the industry's growing emphasis on automation and intelligent systems.

Strategic Significance

Following WebileApps' acquisition by KFin Technologies, Mir's role expanded to provide comprehensive technical oversight across the organization. His appointment as CTO represents a natural progression, leveraging his deep understanding of the company's technological infrastructure and strategic direction. The appointment strengthens KFin Technologies' leadership team as the company continues to enhance its position in the financial technology sector.