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.

KFin Technologies Limited delivered impressive financial performance for the third quarter of fiscal year 2026, demonstrating strong growth momentum across its business segments. The technology-driven financial services company reported substantial increases in both revenue and profitability, reinforcing its market leadership position.

Financial Performance Overview

The company's consolidated financial results for Q3FY26 showed robust growth across key metrics. Net profit surged to ₹919.93 million compared to ₹901.78 million in the corresponding quarter of the previous year, marking a healthy 27.8% year-on-year increase.

Segment-wise Performance

All three operating segments contributed to the company's strong performance during the quarter. The domestic mutual fund investor solutions segment remained the largest revenue contributor, generating ₹2,244.09 million compared to ₹2,082.00 million in Q3FY25.

The international and other investor solutions segment showed exceptional growth of 143.2%, primarily driven by the Ascent acquisition and expanded global operations.

Nine-Month Performance

For the nine-month period ended December 31, 2025, the company maintained its growth trajectory with consolidated revenue reaching ₹9,541.63 million, up from ₹8,080.54 million in the corresponding period of the previous year. Net profit for the nine-month period stood at ₹2,625.63 million compared to ₹2,475.72 million, representing a 6.1% increase.

Strategic Acquisitions and Business Highlights

The company completed a significant strategic acquisition during the period, acquiring a 51% controlling stake in Ascent Fund Services (Singapore) Pte. Ltd. for ₹3,076.98 million. This acquisition strengthens KFin's position in the global fund administration services market, with Ascent contributing ₹478.33 million to the group's revenues during the quarter.

The company's international and other investor solutions segment now serves 428 clients, with overall assets under management growing 325.3% year-on-year to US$40.9 billion. Ascent won 47 new funds during the quarter, while KFintech SEA business secured 7 deals including a maiden pension administration platform deal from one of the largest banks in Philippines.

Market Leadership and Client Wins

KFin Technologies maintained its market leadership position across business segments. The company's overall AAUM growth stood at 17.9% year-on-year versus 18.1% for the industry, with market share at 32.5%. In equity AAUM, the company achieved 15.3% year-on-year growth with market share at 32.7%.

The company won RTA deals from two new AMCs - Nuvama Wealth Management Limited and Monarch Networth Capital Limited, and secured two SIF mandates from AMC clients. In the issuer solutions segment, KFin added 413 new corporate clients and was appointed as RTA for Chambal Fertilisers and BLS International Services.

Earnings Conference Call and Regulatory Disclosure

Following the announcement of Q3FY26 results, the company conducted an earnings conference call on February 16, 2026. In compliance with regulatory requirements under Regulation 30 of the SEBI LODR Regulations, KFin Technologies has made the audio recording of the earnings conference call available on its website for stakeholder access and transparency.

Exceptional Items and Financial Position

The company reported an exceptional item of ₹85.55 million related to the statutory impact of new Labour Codes implemented by the Government of India. This one-time impact primarily relates to provisions for long-term employee benefits due to changes in wage definitions. The company maintains a provision of ₹88.65 million related to potential claims from a past client matter involving unauthorized share transfers by a depository participant.

KFin Technologies ended the quarter with cash and cash equivalents of ₹5,072.7 million, providing strong financial flexibility for future growth initiatives and strategic investments.