Aurionpro Acquires Omnifin for ₹82 Crore, Shares Surge

• ByStartupStory     |    October 13, 2023

Aurionpro Solution Ltd. has made a significant acquisition by purchasing Omnifin from AS Software Services Pvt. Ltd. for a deal valued at approximately ₹82 crore. This acquisition encompasses all assets, liabilities, intellectual properties, and includes more than 150 employees.

The move has been met with enthusiasm, and shares of Aurionpro Solution Ltd. witnessed a 1.28% increase in value following the announcement.

Omnifin is a loan management system that serves over 45 banks and financial institutions in the Indian market. The acquisition of Omnifin aligns with Aurionpro Solutions Limited’s expansion strategy, particularly in the Banking, Mobility, Payments, and Government sectors. This acquisition is expected to strengthen its lending solutions portfolio.

Abhijit Mittra, CEO and Managing Director of AS Software Services Private Limited, expressed excitement about the deal, stating, “We are delighted with this deal and are excited to be part of the Aurionpro family as we believe we share common values and culture. We can leverage Aurionpro’s market position and capabilities to take this business to newer markets and expand our share in this rapidly growing market.”

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As a result of this strategic acquisition, Aurionpro is well-positioned to enhance its offerings and grow its presence in the rapidly expanding market, making significant strides in the financial sector.

The shares of Aurionpro Solution Ltd. rose by 1.28% to reach ₹1409 at 10.18 am on the BSE.

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