We wish to inform that Iserveu Technology Private Limited, material unlisted subsidiary of the Company has signed a five-year contract with Central Bank of India to enhance their merchant ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Niyogin Fintech's material unlisted subsidiary, Iserveu Technology, has won a five-year contract with Central Bank of India, a public sector (government-owned) bank. Under the deal, Iserveu will deploy and manage UPI-enabled soundboxes and supply a full technology stack — including a merchant app, soundbox platform, and back-office portal — to power the bank's merchant acquiring operations across India. The contract is valued at USD 10 million (approximately ₹84 crore). The company has confirmed this is a domestic contract and not a related party transaction, with no promoter interest in Central Bank of India.
This is a sizable multi-year revenue win for Niyogin Fintech through its subsidiary, likely to be material relative to the company's overall scale. It strengthens the subsidiary's order book, validates its fintech technology capabilities, and provides earnings visibility over the next five years — generally a positive signal for the stock.