Stock Report

BLS E-Services Limited to acquire 100% equity stake in Atyati Technologies Private Limited

Posted On : 2026-02-16 19:49:49( TIMEZONE : IST )

BLS E-Services Limited ("BLSe"), a leading digital service provider to governments and financial institutions, today announced that it has signed binding term sheet, to acquire 100% stake in Atyati Technologies Private Limited ("Atyati"), one of the largest companies operating over 25,900 CSPs enabling delivery of financial and banking services to citizens of India in rural segment, for a consideration which is based on the equity value of Rs. 154 Crores of Atyati (subject to certain conditions). The acquisition will be an allcash deal and is expected to be completed by 31 March 2026, subject to approvals from the lenders, relevant banks/ financial institutions, Statutory/ Regulators/ Shareholders approval, if any, and completion of other condition precedents as will be agreed in the Share Purchase Agreement/ Definitive Agreement to be executed by the relevant parties.

Atyati Technologies, founded in 2006 and headquartered in Bangalore, Karnataka, specializes in providing technology platforms for financial inclusion, focusing on rural banking, last-mile agent banking, and doorstep banking services. Atyati's core business revolves around its proprietary Ganaseva, Swayam and Aayam platforms - a comprehensive, mobility-based technology solution that extends core banking systems to underserved rural, semi-urban, and urban areas. This enables Banking Correspondents (BCs / Bank Mitras) to deliver a wide range of financial services.

Atyati partners with 30+ banks & financial institutions and facilitates BC services through 25,900+ CSPs, covering ~1 lakh villages across 28 Indian States.

The acquisition is expected to further strengthen BLSe's banking relationships with key public sector banks and several private sector banks. Furthermore, it would provide immediate access to Atyati's advanced micro-lending platform, unlocking higher-margin credit distribution opportunities and will position BLSe as a more comprehensive tech-enabled BC player with enhanced product innovation and reduced third-party dependencies.

The combination to create substantial scale and synergies in India's rural and semi-urban financial ecosystem. Atyati's 25,900 Customer Service Points (CSPs) complement BLSe's existing 46,000 CSPs, will expand the combined network to over 70,000 touchpoints and amplify transaction volumes, cross-selling potential, and geographic penetration in highgrowth states.

Commenting on the acquisition, Mr. Shikhar Aggarwal, Chairman of BLS E-Services Limited, said: "We are delighted to sign the binding term sheet to acquire Atyati Technologies which is in line with our inorganic strategy to grow and enhance our service offerings and play a pivotal role in India's financial inclusion strategy. The acquisition of Atyati Technologies represents a transformative step in BLSe's journey to redefine rural and semi-urban banking in India. By merging Atyati's extensive network of over 25,900 CSPs with our own, we are creating a powerful combined footprint exceeding 70,000 touchpoints, unlocking unparalleled scale, cost efficiencies through shared infrastructure, and new high-margin avenues in digital lending.

This synergy not only diversifies our revenue streams and strengthens geographic penetration in key states but also reinforces our mission to bridge the financial inclusion gap with cuttingedge technology and operational excellence-delivering sustainable value for all stakeholders."

Shares of BLS E-Services Limited was last trading in BSE at Rs. 167.55 as compared to the previous close of Rs. 164.35. The total number of shares traded during the day was 8865 in over 167 trades.

The stock hit an intraday high of Rs. 170.05 and intraday low of 160.25. The net turnover during the day was Rs. 1490315.00.