Nelito

Mumbai, India Founded: 1995 • Age: 31 yrs Acquired By DTS
IT solutions for banking segments are provided by Nelito.
Annual revenue $9.0M Latest available
Total funding - Funding intelligence
Employees 590 Tracked headcount
Investors 1 Known backers
Products - Services tracked
Competitors 9 Brand Intelligence

About Nelito

Nelito is a company based in Mumbai (India) founded in 1995 was acquired by DTS in June 2019. The company has 590 employees as of April 01, 2024. Nelito operates in a competitive market with competitors including nCino, ION Group, Tuum, Thought Machine and Backbase, among others.

  • Headquarter Mumbai, India
  • Employees 590 as on 01 Apr, 2024
  • Sectors
    Financial Services
  • Phone
    Locked
  • Website
    Locked
  • Social
    Locked
  • Legal Name Nelito Systems Private Limited
  • Date of Incorporation 26 May, 1995
  • Jurisdiction Thane, Maharashtra, India
Operational Areas
Financial Services → FinTech & Digital Finance Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    $8.99 M (USD)
    4.41
    as on Mar 31, 2024
  • Net Profit
    $439.78 K (USD)
    125.94
    as on Mar 31, 2024
  • EBITDA
    $826.26 K (USD)
    164.01
    as on Mar 31, 2024
  • Latest Funding Round
    Not available
  • Investors
  • Employee Count
    590

    as on Apr 01, 2024

  • Acquired by
    DTS

    (Jun 17, 2019)

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People of Nelito

Headcount 1000-5000
Employee Profiles 14
Employee Profiles
People
Bhushan Samant
Chief Financial Officer
People
Royce Remedios
Senior Software Engineer (finacle Customization)
People
Deepak Rajbhar
Senior Software Engineer
People
Diwakar Singh
Senior Software Developer

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Funding Insights of Nelito

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Detailed funding history for Nelito

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Investors in Nelito

Nelito has secured backing from 1 investor. Prominent investors backing the company include DTS.

All
Investor Description Founded Year Domain Location
BPO, financial, and IT consulting services are provided worldwide.
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Investor details for Nelito

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Investments & Acquisitions by Nelito

Investments
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Investment portfolio details for Nelito

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Financial Statements - Nelito

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Detailed financials for Nelito

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Nelito Comparisons

Nelito Primary company
Description
IT solutions for banking segments are provided by Nelito.
Location
Mumbai, India
Founded Year
1995
Annual Revenue
$8.99 M (USD)
Net Profit
$439.78 K (USD)
EBITDA
$826.26 K (USD)
Employees
590
As of 2024
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Peer comparison for Nelito

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Competitors of Nelito

Nelito operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as nCino, ION Group, Tuum, Thought Machine and Backbase, among others.

Company Name Domain Founded year HQ Location Description
Locked Locked Locked
Cloud-based API platform for banking operations is provided.
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Treasury management solutions are provided for financial institutions and banks.
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Cloud-native API-first core banking platform is provided for banks.
Locked Locked Locked
Cloud-based platform for core banking is developed via APIs.
Locked Locked Locked
AI-powered banking platforms are provided for operational growth.
Locked Locked Locked
Cloud-based core banking solutions are offered to financial institutions.
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Detailed competitors of Nelito

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Latest news on Nelito

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Complete news archive for Nelito

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Frequently Asked Questions about Nelito

Nelito was founded in 1995.

Nelito is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.

As of Apr 01, 2024, the latest employee count at Nelito is 590.

Annual revenue of Nelito is $8.99M as on Mar 31, 2024.

Founded in 1995 in Mumbai, India, Nelito operates as a TATA Group company focused on IT services for the banking sector. The flagship product FinCraft supports core banking, e-KYC, anti-money laundering, MIS automation, cheque truncation, data archival and retrieval, microfinance, reconciliations, touch screen kiosks, customer relationship management, procurement management, and asset tracking across various segments.

Nelito's top competitors include nCino, Thought Machine and Tuum.

Nelito has 1 investor. Key investors include DTS.

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