About Financial Software and Systems
Financial Software and Systems is a Financial Services company based in Chennai (India) founded in 1991 by Nagaraj Mylandla. Financial Software and Systems is engaged in providing payment technology solutions. It operates on a SaaS (Software-as-a-Service) and FinTech model. Financial Software and Systems has raised $127 million across 3 funding rounds from investors including The Carlyle Group, Premji Invest and Jacob Ballas Capital. Financial Software and Systems was last valued at $267.53 million in October 2014. Its chief executive, as recorded, is V Balasubramanian. Its Indian entity Financial Software And Systems Private Limited reported revenue of ₹895 Cr. Financial Software and Systems offers products and services including Card Issuance, Real Time Payments, Merchant Acquiring, and FSS BLAZE™. Its focus areas include Technology, Financial Technology and Payment Processing.
Company details
Financial Software and Systems is involved in delivering innovative payment technology solutions across the global financial sector. A comprehensive suite of products is offered, including card issuance, real-time payments, and merchant acquiring. The companys platform, FSS BLAZE, is utilized for modern payment processing needs. Operations span multiple regions, supporting banks and financial institutions with cutting-edge tools. Services such as ATM solutions, reconciliation, and enterprise transformation are provided to optimize payment ecosystems. Focus is maintained on driving payment transformation through innovation hubs and advanced technology.
- Headquarters Chennai, India
- Founders Nagaraj Mylandla
- Stage Minicorn
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website fsstech.com
- Social LinkedIn X Facebook YouTube
- Legal Name Financial Software & Systems Pvt. Ltd.
- Date of Incorporation 20 Feb, 1991
- Jurisdiction Chennai, Tamil Nadu, India
- Annual Revenue₹895 Cr
FY 2025 · -9% YoY
- Net Profit₹38.90 Cr
FY 2025 · 4% margin
- EBITDA₹197 Cr
FY 2025 · 22% margin
- Total Equity Funding$127M (USD)
in 3 rounds
- Latest Funding Round$57M (USD), Series C
Oct 2014
- InvestorsThe Carlyle Group
& 3 more
Associated legal entities of Financial Software and Systems
Financial Software and Systems is associated with 4 registered companies on The Company Check; the primary company is Financial Software And Systems Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Financial Software And Systems Private Limited CIN U52599TN1991PTC020361 | Active | 20 Feb 1991 | Chennai, Tamil Nadu | ₹895 Cr | 1,883 | 7 | View details |
| Fss India Private Limited CIN U72200TN2008PTC068382 | Active | 27 Jun 2008 | Chennai, Tamil Nadu | ₹0.0 Cr | 2 | View details | |
| Fss Grameenpay Private Limited CIN U65900TN2018PTC125591 | Active | 31 Oct 2018 | Chennai, Tamil Nadu | ₹1.1 Cr | 2 | View details | |
| Fss Technologies Private Limited CIN U72900TN2007PTC080726 | Active | 13 Mar 2007 | Chennai, Tamil Nadu | 3 | View details |
Products & Services of Financial Software and Systems
Financial Software and Systems offers a comprehensive portfolio of products and services, including Card Issuance, Real Time Payments, Merchant Acquiring, and FSS BLAZE™.
Card management system is provided for modern payment needs.
Transactions are supercharged with speed and scalability for users.
Digital payments are accelerated at the speed of commerce.
Payments technology platform is offered for innovative solutions.
Apps and channels of Financial Software and Systems
its YouTube channel FSS has 1.09K subscribers and 30 videos.
Videos from Financial Software and Systems
The most watched videos on Financial Software and Systems's YouTube channel, FSS (1.09K subscribers). Click a video to play it here.
More on FSS.
Funding Insights of Financial Software and Systems
Financial Software and Systems has successfully raised a total of $127M across 3 strategic funding rounds. The most recent funding activity was a Series C round of $57 million completed in October 2014. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $127M
- Total Rounds 3
- Last Round Series C — $57M
- First Round $10M
(Jul 2008)
- Investors Count 4
All 3 funding rounds of Financial Software and Systems with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2014 | $57M | Series C | $267.53M | Premji Invest | |
| Dec 2009 | $60M | Series B | $159.3M | New Enterprise Associates | |
| Jul 2008 | $10M | Series A | $••••• | The Carlyle Group | – |
| Date | Valuation | Stage |
|---|---|---|
| Oct 2014 | $267.53M | •••••••• |
| Dec 2009 | $159.3M | •••••••• |
| Jul 2008 | $••••• | •••••••• |
Full valuation and stage history of Financial Software and Systems
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
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Verified entity values are shown only after access is granted.
Last known valuation $267.53M (Oct 2014). 4 investors in total: 4 institutional.
Investors in Financial Software and Systems
Financial Software and Systems has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include The Carlyle Group, Premji Invest and Jacob Ballas Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Provides venture capital for technology startups and enterprise innovations worldwide. | premjiinvest.com | Bengaluru, India | ||
Venture capital investments are offered to startups by NEA. | nea.com | Menlo Park, United States | ||
Private equity investments are directed toward multiple sectors. | 1986 | carlyle.com | ||
Advisory services for India private equity funds managing investments and partnerships. | 1995 | jbindia.co.in | Delhi, India |
Investor details for Financial Software and Systems
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Verified entity values are shown only after access is granted.
Board of directors of Financial Software And Systems Private Limited (Financial Software and Systems)
Financial Software And Systems Private Limited is the primary company behind Financial Software and Systems. The boards of the 4 registered companies of Financial Software and Systems currently have 6 directors; the longest-serving is Nagaraj Venkata Mylandla, appointed in 1991. 13 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Nagaraj Venkata Mylandla DIN 00317092 | Director | 20 Feb 1991 | 35 yrs 8 mo | Financial Software And Systems Private Limited, Fss India Private Limited, Fss Grameenpay Private Limited, Fss Technologies Private Limited |
| Sharada Mylandla DIN 00251954 | Director | 19 Mar 1997 | 29 yrs 7 mo | Financial Software And Systems Private Limited, Fss Technologies Private Limited |
| Rudhraapathy Jagannathan DIN 00251968 | Whole-time director | 01 Dec 1997 | 28 yrs 10 mo | Financial Software And Systems Private Limited, Fss India Private Limited, Fss Grameenpay Private Limited, Fss Technologies Private Limited |
| Bala C Deshpande DIN 00020130 | Nominee Director | 05 Mar 2010 | 16 yrs 7 mo | Financial Software And Systems Private Limited |
| Srinivas Chidambaram DIN 00514665 | Nominee Director | 05 Mar 2010 | 16 yrs 7 mo | Financial Software And Systems Private Limited |
| Prakash Chellam DIN 09563541 | Nominee Director | 05 Sep 2024 | 2 yrs 1 mo | Financial Software And Systems Private Limited |
People of Financial Software and Systems
88 people are tracked at Financial Software and Systems (24 in leadership, 5 in board & advisors, 59 in team).
| Name | Role | Group |
|---|---|---|
| Founder & Managing Director | Leadership | |
V Balasubramanian | CEO | Leadership |
Sivakumar G | President, Finance | Leadership |
Sankarnarayan Lakshmanan | Chief Information Officer | Leadership |
| Founder & Managing Director | Leadership | |
Ram Chari | Global Business Head | Leadership |
Santhosh Kumar Vootnuri | Assistant Vice President | Leadership |
Sammer Parekh | Business Head | Leadership |
Krishnamurthy Kallidaikurichi | Delivery Head | Leadership |
Anand Mitkari | Executive Vice President | Leadership |
Anirban Roy | Vice President Of Engineering & Architecture | Leadership |
Suresh Natarajan | Associate Vice President - Legal | Leadership |
Sandeep Crasta | Sales Head Retail Payments MENA | Leadership |
Saurin Parikh | Associate Vice President - Brand Marketing & Corporate Communications | Leadership |
Hemant Garud | Vice President Of Sales | Leadership |
Craig Browne | International Business Development, Head Of Sales, Europe | Leadership |
Prasanna Kasinathan | Analytics & AI Head - Product Manager | Leadership |
Manikantan Iyer | Assistant Vice President | Leadership |
Ajay Koul | Business Head | Leadership |
Vamsi Mohan S | Head-projects | Leadership |
68 more people are available in the full profile.
Complete people profiles for Financial Software and Systems
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Verified entity values are shown only after access is granted.
Financials of Financial Software and Systems
Figures of Financial Software And Systems Private Limited, the primary company behind Financial Software and Systems, for FY 2025. Revenue was ₹895 Cr (-9% year on year). Net profit was ₹38.90 Cr (4% margin). EBITDA was ₹197 Cr (22% margin). Revenue has grown at a compounded annual rate of -2% over three years and -4% over five years.
- ₹895 CrRevenue · FY 2025 · -9% YoY
- ₹38.90 CrNet profit · 4% margin
- ₹197 CrEBITDA · 22% margin
- ₹10.14 CrPaid-up capital
- 1,883Employees (provident fund records)
- -2%Revenue CAGR, 3 years
- -4%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Financial Software And Systems Private Limited are on its company page.
Detailed financial statements for Financial Software and Systems
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Financial Software and Systems
4 dated milestones of Financial Software and Systems across 23 years, from founding to its latest funding, stage changes and deals.
- Founded Financial Software and Systems is founded.
- Funding First funding round of $10.0M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series C, of $57.0M.
Web traffic of Financial Software and Systems
The website of Financial Software and Systems (fsstech.com) receives about 8.1K visits a month.
- Monthly visits8.1K
▼ 3.6% vs previous month
Websites whose visitors overlap most with Financial Software and Systems. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
bankingfrontiers.com | bankingfrontiers.com | 100% | #785,837 | – | |
| hitachi-payments.com | 84% | 284.3K | #125,194 | View details | |
withstartups.com | withstartups.com | 82% | – | ||
| bhimupi.org.in | 81% | 737.6K | #98,665 | View details | |
| akurateco.com | 81% | 76.5K | #501,736 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 13 similar websites and full traffic analytics for Financial Software and Systems
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- 13 similar websites
- Audience overlap
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Verified entity values are shown only after access is granted.
Top companies in Payments & Remittance Platforms
3 companies that operate in the same segment as Financial Software and Systems (Payments & Remittance Platforms) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Digital payments, financial services, and e-commerce platforms are provided. | 2000 | Noida, Uttar Pradesh, India | USD 2.81 B | USD 1.05 B | 39,368 | |
Payment, financial, investment, and lending services are provided digitally. | 2012 | Bengaluru, Karnataka, India | USD 1.71 B | USD 950.07 M | 12,265 | |
Payment and business banking solutions are provided for enterprises. | 2014 | Bengaluru, Karnataka, India | USD 741.62 M | USD 302.19 M | 2,850 |
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Related news about Financial Software And Systems
Complete news archive for Financial Software and Systems
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Frequently Asked Questions about Financial Software and Systems
Financial Software and Systems was founded in 1991 and raised its 1st funding round 17 years after it was founded.
Financial Software and Systems is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
V Balasubramanian is the CEO of Financial Software and Systems, as recorded in our data.
Financial Software and Systems is a funded company, having raised a total of $127M across 3 funding rounds to date. The company's 1st funding round was a Series A of $10M, raised on Jul 2008.
The primary company behind Financial Software and Systems, Financial Software And Systems Private Limited, reported revenue of ₹895 Cr for FY 2025, down 9% year on year.
Financial Software and Systems is involved in delivering innovative payment technology solutions across the global financial sector. A comprehensive suite of products is offered, including card issuance, real-time payments, and merchant acquiring. The companys platform, FSS BLAZE, is utilized for modern payment processing needs. Operations span multiple regions, supporting banks and financial institutions with cutting-edge tools. Services such as ATM solutions, reconciliation, and enterprise transformation are provided to optimize payment ecosystems. Focus is maintained on driving payment transformation through innovation hubs and advanced technology.
Financial Software and Systems offers Card Issuance, Real Time Payments, Merchant Acquiring, and FSS BLAZEâ„¢.
Financial Software and Systems has 4 investors. Key investors include The Carlyle Group, Premji Invest, Jacob Ballas Capital, and NEA.
The valuation of Financial Software and Systems is $267.53M as of Oct 2014.
Financial Software and Systems is associated with 4 legal entities: Financial Software And Systems Private Limited, Fss India Private Limited, Fss Grameenpay Private Limited and others.
The legal entities of Financial Software and Systems currently have 7 directors, including Nagaraj Venkata Mylandla, Prakash Chellam, Bala C Deshpande and others.