Aurionpro Solutions has secured a landmark urban mobility project for the Mumbai Metro, marking a significant milestone in its Smart Transit and Urban Mobility business. The company has won a major contract from the Mumbai Metropolitan Region Development Authority (MMRDA) to implement advanced Smart Transit solutions for two key metro lines.

Project Details

The project, valued at nearly INR 250.00 crores, involves designing, supplying, implementing, and maintaining the Automatic Fare Collection (AFC) system for Mumbai Metro Lines 4 and 4A. This multi-year contract encompasses:

• Delivery and implementation of a complete solution
• Central clearing house software (CCHS)
• All ticketing and payment hardware
• Five years of maintenance and support

Strategic Significance

This deal represents one of the largest contracts signed by Aurionpro in the Urban Mobility space, adding significant momentum to the company's growing mobility portfolio within its Tech Innovation Group (TIG). Following recent wins with Delhi Metro and Chennai Metro, Mumbai becomes the third major metro city in India to entrust Aurionpro with the development of its AFC system.

Mumbai Metro Project Overview

The Mumbai Metro Rail Projects, developed under the aegis of MMRDA, are set to be one of the longest and most ambitious rapid transit systems in India. The network aims to provide a faster, more efficient, and sustainable mode of transportation, addressing congestion issues and improving connectivity across Mumbai City and the wider Mumbai Metropolitan Region.

Aurionpro's Capabilities

Sanjay Bali, President & Global Head of the Tech Innovation Group (TIG) at Aurionpro, highlighted the company's unique position in the market:

• Aurionpro is the only company offering complete, end-to-end solutions in this domain
• The company brings indigenously developed capabilities, including NCMC-enabled card readers and automated gates made in India
• Aurionpro's comprehensive AFC solutions cover ticketing and payment hardware, central back-office systems, mobility apps, reservation portals, and operational infrastructure

Market Outlook

With India making significant investments to improve urban connectivity and the rapid growth of metro rail networks, Aurionpro is positioning itself as a preferred partner for automated fare collection systems. The company's focus on providing complete software solutions and manufacturing capabilities under one roof strengthens its global position as a leading end-to-end provider of cutting-edge Urban Mobility solutions.

This contract win for the Mumbai Metro project not only showcases Aurionpro's technological prowess but also reinforces its commitment to contributing to India's urban transportation infrastructure development.

Aurionpro Solutions , a leading technology solutions provider, has announced a strategic move to expand its footprint in the fintech sector. The company's board has approved the acquisition of a 100% stake in InfrariskSG Pte Ltd, a Singapore/Melbourne-based fintech company specializing in digital lending and alternative risk scoring solutions.

Acquisition Details

The acquisition, valued at $2.00 million, will be executed through Aurionpro Solutions' wholly-owned subsidiary in Singapore. The deal structure includes:

• $1.20 million in upfront cash
• $0.80 million through share swap to founders
• Additional earn-out payments based on performance milestones through 2028

Strategic Implications

This acquisition marks a significant step for Aurionpro Solutions in its geographical expansion strategy, particularly into the Australian market. By leveraging InfrariskSG's 15+ years of experience in financial institution lending transformations, Aurionpro Solutions aims to strengthen its position in the Banking and Technology Integration Group (TIG) segments.

About InfrariskSG

InfrariskSG is a leading independent fintech solutions provider founded by experienced bankers and technologists. The company offers scalable digital platforms for end-to-end lending and alternative risk scoring to financial institutions globally. Its solutions are designed for rapid deployment and high regulatory compliance, enabling efficient credit risk assessment and portfolio management.

Financial Performance

InfrariskSG has shown steady growth in recent years:

Regulatory Aspects

The acquisition does not fall within the ambit of related party transactions and does not require any governmental or regulatory approvals. Aurionpro Solutions expects to complete the transaction by the end of October 2025.

Conclusion

This strategic acquisition aligns with Aurionpro Solutions' vision to enhance its fintech capabilities and expand its global presence. By integrating InfrariskSG's expertise in digital lending and risk assessment solutions, Aurionpro Solutions is poised to offer more comprehensive financial technology solutions to its clients worldwide.