About BSG
BSG is a Financial Services company based in Mumbai (India) founded in 2010, and was acquired by M2P Fintech in February 2022. Cloud-based core banking solution. The company has 144 employees. Its Indian entity M2p Bsg Itsoft Private Limited reported revenue of ₹43.49 Cr. The company was acqui-hired. Its focus areas include FinTech, Banking Tech and Core Banking Platforms.
Company details
BSG was founded in 2010 in Mumbai, India, as a provider of cloud-based core banking systems targeted at co-operative and private banks. Operations focus on fraud detection and prevention, blockchain integrations, cross-sell functionalities, mobile and call-based banking integrations, and APIs for modular connectivity. The domain bsg.ind.in supports these services in the financial technology sector.
- Headquarters Mumbai, India
- Employees 144
- Stage Acquired
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website bsg.ind.in
- Acquired by M2P Fintech (Feb 2022)
- Legal Name Bsg Itsoft Private Limited
- Date of Incorporation 18 Jan, 2010
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹43.49 Cr
FY 2025 · -8% YoY
- Net Loss-₹21.9 Lakh
FY 2025 · -1% margin
- EBITDA₹15.16 Cr
FY 2025 · 35% margin
- Investors
- Employee Count144
- Acquired byM2P Fintech
(Feb 2022)
Associated legal entities of BSG
BSG operates through M2p Bsg Itsoft Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| M2p Bsg Itsoft Private Limited CIN U72200MH2010PTC198979 | Active | 18 Jan 2010 | Mumbai, Maharashtra | ₹43.5 Cr | 144 | 3 | View details |
Investors in BSG
BSG has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include M2P Fintech.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Banking, lending, and payment solutions are provided via custom APIs. | 2014 | m2pfintech.com | Chennai, India |
Investor details for BSG
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of M2p Bsg Itsoft Private Limited (BSG)
M2p Bsg Itsoft Private Limited is the primary company behind BSG. The board of M2p Bsg Itsoft Private Limited currently have 3 directors; the longest-serving is Prabhu Rangarajan, appointed in 2022. 6 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Prabhu Rangarajan DIN 07381819 | Director | 01 Jun 2022 | 4 yrs 5 mo | M2p Bsg Itsoft Private Limited |
| Rangarajan Madhusudanan DIN 06992744 | Director | 05 Jul 2023 | 3 yrs 4 mo | M2p Bsg Itsoft Private Limited |
| Muthukumar Ayyakkannu DIN 07381905 | Director | 05 Jul 2023 | 3 yrs 4 mo | M2p Bsg Itsoft Private Limited |
Financials of BSG
Figures of M2p Bsg Itsoft Private Limited, the primary company behind BSG, for FY 2025. Revenue was ₹43.49 Cr (-8% year on year). Net loss was -₹21.9 Lakh (-1% margin). EBITDA was ₹15.16 Cr (35% margin). Revenue has grown at a compounded annual rate of +51% over three years and +29% over five years.
- ₹43.49 CrRevenue · FY 2025 · -8% YoY
- -₹21.9 LakhNet loss · -1% margin
- ₹15.16 CrEBITDA · 35% margin
- ₹6.1 LakhPaid-up capital
- 144Employees (provident fund records)
- +51%Revenue CAGR, 3 years
- +29%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of M2p Bsg Itsoft Private Limited are on its company page.
Detailed financial statements for BSG
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of BSG
2 dated milestones of BSG across 12 years, from founding to its latest funding, stage changes and deals.
- Founded BSG is founded.
- Exit Acquired by M2P Fintech.
Web traffic of BSG
Websites that share an audience with BSG (bsg.ind.in).
Websites whose visitors overlap most with BSG. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| google.com | 100% | 85.8B | #1 | View details |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Bsg
Complete news archive for BSG
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about BSG
BSG was founded in 2010.
BSG is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
BSG has 144 employees.
The primary company behind BSG, M2p Bsg Itsoft Private Limited, reported revenue of ₹43.49 Cr for FY 2025, down 8% year on year.
BSG was founded in 2010 in Mumbai, India, as a provider of cloud-based core banking systems targeted at co-operative and private banks. Operations focus on fraud detection and prevention, blockchain integrations, cross-sell functionalities, mobile and call-based banking integrations, and APIs for modular connectivity. The domain bsg.ind.in supports these services in the financial technology sector.
BSG has 1 investor. Key investors include M2P Fintech.
BSG operates through M2p Bsg Itsoft Private Limited.
Yes. BSG was acquired by M2P Fintech in February 2022.
The legal entities of BSG currently have 3 directors, including Rangarajan Madhusudanan, Muthukumar Ayyakkannu, Prabhu Rangarajan.