NPST secures $33m from Tata Mutual Fund

By Vriti Gothi

Network People Services Technologies Ltd. (NPST) has raised more than $33 million through a preferential allotment fully subscribed by Tata Mutual Fund. The newly issued 14,46,500 equity shares priced at $23 per share have received listing approval from both NSE and BSE. Tata Mutual Fund, a non-promoter investor, will hold 9.42% of NPST following the allotment.

The investment comes amid continued expansion of India’s digital payments infrastructure, with banks and FinTechs increasingly relying on specialised technology partners for scale, security, and real-time processing. NPST, which began with six banking clients and now supports more than 20 regulated entities, has been positioning itself as a core infrastructure provider across UPI, IMPS, BBPS, and digital banking platforms.

The company said the capital will support product innovation, technology upgrades, and capability-building in emerging areas, including AI-driven payments intelligence. A substantial portion of the funding will also fuel NPST’s international expansion across Africa, the Middle East, and Southeast Asia—regions experiencing rapid adoption of real-time payments and embedded finance solutions. NPST is also evaluating selective acquisitions to strengthen its portfolio across payments, lending, and global markets.

Commenting on the fundraise, Deepak Chand Thakur, Chairman and Managing Director of NPST, said Tata Mutual Fund’s participation “positions us to capture the next phase of growth,” adding that the company aims to evolve into an “AI-first payments technology company” focused on smarter risk controls and enhanced customer experience.

Savita Vashist, Executive Director of NPST, said,  “Demand for digital payments infrastructure is rising both in India and globally. These funds will support expansion across high-opportunity markets, while enabling us to enhance our product capabilities and explore selective acquisitions.”

The preferential issue was executed via private placement in compliance with the Companies Act, 2013, and SEBI’s ICDR Regulations.