Trust Systems & S/w

Nagpur, India Founded: 1998 • Age: 28 yrs Listed
IT solutions and services are provided for banking and businesses.

About Trust Systems & S/w

Trust Systems & S/w is a publicly listed company based in Nagpur (India) founded in 1998. It operates as an IT solutions and services are provided for banking and businesses. Its Indian entity Trust Fintech Limited reported revenue of β‚Ή35.64 Cr. Its focus areas include FinTech, Banking Tech and Core Banking Platforms. Its competitors include nCino, ION Group, Tuum, Thought Machine and Backbase and 3 more; 8 of its 8 listed competitors have raised funding.

Company details

Trust Systems Software is an IT Solutions and Services Company in India. Solutions and services which includes: Core Banking Solution (www.TrustBankCBS.com) Banking Automation Solution for small Midsize Financial Institutions (www.MicroFinS.com) SAP Business One Sales, Implementation Services, Add-on Development, Maintenance Services IT Infrastructure set-up for our clients which includes Datacenter Commissioning, WAN Set-up. System Integration interfaces in BFSI segment for multiple delivery channels viz: RTGS, EFT Switch, SWIFT, CTS, ACH,Mobile Banking, XBRL interface for statutory reporting. Customized Business Intelligence Solutions in BFSI on Banking Systems AND for Businesses on SAP ERP Platform.

  • Headquarters Nagpur, India
  • Stage Public
  • Sectors
    Financial Services
  • Website softtrust.com
  • Social LinkedIn X
  • Legal Name Trust Fintech Limited
Key Metrics
  • Market Cap
    ₹59.44 Cr

    TRUST-SM · NSE

  • Share Price
    ₹25.00

    +0.20% today

  • Revenue
    ₹42.75 Cr

    FY 2025-26 · +36.8% YoY

  • EBITDA
    ₹9.73 Cr

    Margin 22.8%

  • Net Profit
    ₹7.87 Cr

    FY 2025-26 · -1.8% YoY

  • P/E (TTM)
    7.9x

    P/B 0.6x

  • Latest Funding Round
    $653.84K (USD), Unspecified

    Feb 2024

Funding Insights of Trust Systems & S/w

  • Total Rounds 1
  • Last Round Unspecified β€” $653,842
  • First Round $653,842

    (Feb 2024)

  • Investors Count 1

All 1 funding rounds of Trust Systems Sw with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.

DateAmountTransaction NameValuationLead InvestorsInvestors
Feb 2024$653,842Unspecified–Tejas Goenka
–
Valuation history

1 investors in total: 0 institutional and 1 angel.

Investors in Trust Systems & S/w

Trust Systems & S/w has secured backing from 1 investor, including angel investors. Prominent investors backing the company include Tejas Goenka.

All
Angel
InvestorDescriptionFounded YearDomainLocation

Tejas Goenka

-
–unknown_10af6e20478448a29-
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Investor details for Trust Systems Sw

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Board of directors of Trust Fintech Limited (Trust Systems & S/w)

Trust Fintech Limited is the primary company behind Trust Systems & S/w. The board of Trust Fintech Limited currently have 8 directors; the longest-serving is Hemant Padmanabh Chafale, appointed in 1998. 3 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Hemant Padmanabh Chafale
DIN 01590781
Managing Director17 Dec 199827 yrs 10 moTrust Fintech Limited
Mandar Kishor Deo
DIN 01590926
Whole-time director12 Mar 201016 yrs 7 moTrust Fintech Limited
Heramb Ramkrishna Damle
DIN 02734881
Whole-time director12 Mar 201016 yrs 7 moTrust Fintech Limited
Anand Shanker Kane
DIN 07635348
Director18 Oct 201610 yrsTrust Fintech Limited
Prasad Annaji Dongarkar
DIN 03025312
Director06 Jan 20242 yrs 9 moTrust Fintech Limited
Nitin Dattatraya Alshi
DIN 05252946
Director06 Jan 20242 yrs 9 moTrust Fintech Limited
Kapil Dilip Chandrayan
DIN 05311061
Director06 Jan 20242 yrs 9 moTrust Fintech Limited
Sandhya Narendra Gulhane
DIN 10432093
Director06 Jan 20242 yrs 9 moTrust Fintech Limited

People of Trust Systems & S/w

5 people are tracked at Trust Systems & S/w (3 in leadership, 2 in team).

NameRoleGroup
Mahesh Waingankar
Vice President Of Business DevelopmentLeadership
CEOLeadership
Commercial And Marketing DirectorLeadership
Lankesh N. Meshram
Bde=business Development ExecutiveTeam
Nancy Mathew
Social Media Marketing SpecialistTeam
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Complete people profiles for Trust Systems & S/w

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IPO & Listings of Trust Systems & S/w

Trust Systems & S/w is a publicly listed company on the NSE with ticker symbol TRUST in India, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • IPO date04 Apr 2024
  • Listed onNSE: TRUST
  • Listed entityTrust Fintech Limited
  • Exchange sectorTechnology services
  • ISININE0SWN01019
  • Share price₹25.90 (+3.39% on the day) · 2026-10-14
  • Market capitalisation₹59.7 Cr
  • Price to earnings7.8
  • EPS (diluted, trailing year)₹3.30
  • Dividend yield2%
  • Volume (last session)5,400

Financials of Trust Systems & S/w

Exchange-reported figures of Trust Fintech Limited, the listed company behind Trust Systems & S/w (NSE: TRUST-SM).

Financial Highlights

FY 2025-26 Β· Consolidated
Revenue
₹42.75 Cr
+36.8% YoY
EBITDA
₹9.73 Cr
+9.9% YoY
Profit After Tax
₹7.87 Cr
-1.7% YoY
Net Worth
-
Total Assets
-
Total Debt
-

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24
Income statement
Revenue42.7531.2635.04
Revenue growth+36.8%-10.8%-
EBITDA9.738.8517.71
EBITDA margin+22.8%+28.3%+50.5%
Profit before tax11.2911.1716.69
Net profit7.878.0112.50
Net profit margin+18.4%+25.6%+35.7%
EPS (β‚Ή)3.303.367.13
Balance sheet
Total assets-10945.28
Net worth-11045.11
Total debt-0.000.17
Cash & bank-4.782.37
Net working capital-18.3912.05
Cash flow
Cash from operations-(36.74)12.68
Cash from investing-(13.96)(17.09)
Cash from financing-53.125.62
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Income statement
Revenue41.7831.2635.0422.5417.6323.95
Revenue growth+33.7%-10.8%+55.5%+27.9%-26.4%-
EBITDA9.929.7917.715.791.952.90
EBITDA margin+23.7%+31.3%+50.5%+25.7%+11.1%+12.1%
Profit before tax11.6512.1616.695.421.792.95
Net profit8.239.0012.504.031.342.21
Net profit margin+19.7%+28.8%+35.7%+17.9%+7.6%+9.2%
EPS (β‚Ή)3.453.787.137.762.584.24
Balance sheet
Total assets-11045.2827.1916.3513.38
Net worth-11045.1127.1815.1613.82
Total debt-0.000.170.001.19(0.44)
Cash & bank-4.692.371.161.002.37
Net working capital-20.3212.055.684.124.21
Cash flow
Cash from operations-(37.76)12.680.770.164.84
Cash from investing-(13.04)(17.09)0.62(3.11)(3.74)
Cash from financing-53.125.62(1.52)1.580.55

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 22 Oct 2026
ParticularsFY 2025-26FY 2024-25FY 2023-24
Revenue42.7531.2635.04
Revenue growth+36.8%-10.8%-
Other income4.714.380.23
Total expenses33.0222.4117.33
Employee cost0.007.875.18
EBITDA9.738.8517.71
EBITDA margin+22.8%+28.3%+50.5%
Depreciation2.991.961.23
Interest0.160.100.02
Profit before tax11.2911.1716.69
Tax3.423.164.19
Net profit7.878.0112.50
Net profit margin+18.4%+25.6%+35.7%
EPS (β‚Ή)3.303.367.13
ParticularsFY 2025-26FY 2024-25FY 2023-24
Equity & liabilities
Share capital-23.8317.54
Reserves & surplus-85.7427.57
Shareholders' funds (net worth)-11045.11
Minority interest-(0.10)0.00
Secured loans-0.000.17
Unsecured loans-0.000.00
Total debt-0.000.17
Total liabilities-10945.28
Assets
Gross block-24.1018.07
Net block-16.9112.85
Capital work in progress-15.948.34
Investments-53.867.94
Inventories-2.060.00
Sundry debtors-13.6411.89
Cash & bank balances-4.782.37
Loans & advances-5.854.89
Total current assets-26.3319.15
Total current liabilities-7.947.10
Net working capital-18.3912.05
Total assets-10945.28
ParticularsFY 2025-26FY 2024-25FY 2023-24
Opening cash-2.371.16
Net cash from operating activities-(36.74)12.68
Net cash from investing activities-(13.96)(17.09)
Net cash from financing activities-53.125.62
Net change in cash-2.411.21
Closing cash-4.782.37
ParticularsFY 2025-26FY 2024-25FY 2023-24
Growth
Sales growth+36.8%-10.8%-
EBITDA growth+9.9%-50.0%-
PBT growth+1.1%-33.1%+9997.0%
Net income growth-1.8%-35.9%-
Profitability & leverage
Net income margin+18.4%+25.6%+35.7%
Return on capital employed-+16.2%+44.8%
Return on net worth-+11.6%+33.7%
Debt / equity-0.000.00
Long-term debt / equity-0.000.00
Interest cover2.371.450.12
Efficiency & per share
Fixed asset turnover-2.393.48
Inventory turnover-30.350.00
Debtors turnover-2.452.95
EPS (β‚Ή)3.303.367.13
Dividend per share (β‚Ή)0.000.500.00
Book value per share (β‚Ή)0.0042.6321.15
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Revenue41.7831.2635.0422.5417.6323.95
Revenue growth+33.7%-10.8%+55.5%+27.9%-26.4%-
Other income4.724.370.230.160.370.23
Total expenses31.8621.4717.3316.7515.6821.05
Employee cost0.007.675.189.707.467.54
EBITDA9.929.7917.715.791.952.90
EBITDA margin+23.7%+31.3%+50.5%+25.7%+11.1%+12.1%
Depreciation2.991.961.230.490.470.13
Interest0.000.040.020.040.060.05
Profit before tax11.6512.1616.695.421.792.95
Tax3.423.164.191.390.450.74
Net profit8.239.0012.504.031.342.21
Net profit margin+19.7%+28.8%+35.7%+17.9%+7.6%+9.2%
EPS (β‚Ή)3.453.787.137.762.584.24
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Equity & liabilities
Share capital-23.8317.545.185.185.18
Reserves & surplus-86.6427.5722.009.988.64
Shareholders' funds (net worth)-11045.1127.1815.1613.82
Secured loans-0.000.170.001.06(0.57)
Unsecured loans-0.000.000.000.130.13
Total debt-0.000.170.001.19(0.44)
Total liabilities-11045.2827.1916.3513.38
Assets
Gross block-24.1018.0714.505.644.87
Net block-16.9112.8510.061.701.40
Capital work in progress-13.518.345.232.632.63
Investments-53.877.943.615.472.93
Inventories-2.060.000.000.000.00
Sundry debtors-15.1811.898.494.803.96
Cash & bank balances-4.692.371.161.002.37
Loans & advances-5.914.890.071.560.38
Total current assets-27.8419.159.727.366.71
Total current liabilities-7.527.104.043.242.50
Net working capital-20.3212.055.684.124.21
Total assets-11045.2827.1916.3513.38
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Opening cash-2.371.161.302.370.71
Net cash from operating activities-(37.76)12.680.770.164.84
Net cash from investing activities-(13.04)(17.09)0.62(3.11)(3.74)
Net cash from financing activities-53.125.62(1.52)1.580.55
Net change in cash-2.321.21(0.14)(1.36)1.66
Closing cash-4.692.371.161.002.37
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Growth
Sales growth+33.7%-10.8%+55.5%+27.9%-26.4%-
EBITDA growth+1.3%-44.7%+205.9%+196.9%-32.8%-
PBT growth-4.2%-27.1%+207.9%+202.8%-39.3%+9997.0%
Net income growth-8.6%-28.0%+210.2%+200.8%-39.4%-
Revenue CAGR (3Y)+22.8%+21.0%+13.5%---
EBITDA CAGR (3Y)+19.7%+71.2%+82.8%---
Profitability & leverage
Net income margin+19.7%+28.8%+35.7%+17.9%+7.6%+9.2%
Return on capital employed-+17.5%+59.2%+30.7%+12.5%+22.4%
Return on net worth-+12.9%+44.4%+23.4%+9.3%+15.9%
Debt / equity-0.000.000.030.03-0.03
Long-term debt / equity-0.000.000.040.050.00
Interest cover0.000.510.120.754.051.81
Efficiency & per share
Fixed asset turnover-2.394.233.713.354.92
Inventory turnover-30.350.000.000.000.00
Debtors turnover-2.313.443.394.036.05
EPS (β‚Ή)3.453.787.137.762.584.24
Dividend per share (β‚Ή)0.000.500.000.000.000.00
Book value per share (β‚Ή)0.0043.0121.1537.0029.2526.67

Timeline of Trust Systems & S/w

3 dated milestones of Trust Systems & S/w across 26 years, from founding to its latest funding, stage changes and deals.

  1. Founded Trust Systems & S/w is founded.
  2. Funding First funding round of $654K.
  3. IPO Lists on the stock exchange (IPO).

Competitors of Trust Systems & S/w

Trust Systems & S/w has 8 listed competitors in our database, 8 of them funded. They include nCino, ION Group, Tuum, Thought Machine and Backbase, among others.

Company NameDomainFoundedHQ LocationTotal fundingEmployeesDescription
ncino.com2011Wilmington, United States$221.56M1,833
Cloud-based API platform for banking operations is provided.
iongroup.com1998New York, United States$400M988
Treasury management solutions are provided for financial institutions and banks.
tuum.com2019Tallinn, Estonia$49.76M82
Cloud-native API-first core banking platform is provided for banks.
thoughtmachine.net2014London, United Kingdom$787.11M–
Cloud-based platform for core banking is developed via APIs.
backbase.com2003Amsterdam, Netherlands$128.51M2,000
AI-powered banking platforms are provided for operational growth.
nymbus.com2015Miami, United States$195.42M221
Cloud-based core banking solutions are offered to financial institutions.
ohpen.com2008Amsterdam, Netherlands$48.16M–
Developer of cloud-based core banking platform for retail mutual funds and savings accounts
finxact.com2016Jacksonville, United States$74.84M133
Cloud-based core banking software is delivered via open APIs.
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Detailed competitors of Trust Systems Sw

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Web traffic of Trust Systems & S/w

The website of Trust Systems & S/w (softtrust.com) receives about 5.5K visits a month.

  • Monthly visits
    5.5K

    ▲ 57.7% vs previous month

Similar websites

Websites whose visitors overlap most with Trust Systems & S/w. Affinity shows how closely the audiences match.

WebsiteDomainAudience affinityMonthly visitsGlobal rankProfile
iitms.co.in
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100%
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96%
–––
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61%
85.8B#1View details
simpleruleengine.tripod.com
simpleruleengine.tripod.com
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perpetuumsoft.com
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β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’.comβ€’β€’%β€’.β€’M#‒‒‒‒‒–
β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’.comβ€’β€’%β€’.β€’M#‒‒‒‒‒–
β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’.comβ€’β€’%β€’.β€’M#‒‒‒‒‒–
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Top companies in Banking & FinTech Platforms

10 companies that operate in the same segment as Trust Systems & S/w (Banking & FinTech Platforms), ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Online business banking and financial workflow tools are provided.
2010San Francisco, California, United StatesUSD 546 MUSD 2.71 M1,807
Tide is recognized as a digital banking platform for businesses.
2015London, England, United KingdomUSD 180.56 M–3,462
Digital banking services are offered to individuals via mobile apps.
2012San Francisco, California, United StatesUSD 3.15 BUSD 1.96 B2,516
Banking solutions are provided for retail customers and businesses.
2015London, England, United KingdomUSD 1.73 BUSD 5.95 B20,299
Internet first bank for individuals and businesses
2015London, England, United KingdomUSD 2.37 BUSD 2.31 M3,786
Digital sustainable banking services are offered to consumers.
2013Los Angeles, California, United StatesUSD 865 M–237
Digital banking services are offered to consumers and businesses.
2014London, England, United KingdomUSD 1.01 BUSD 813.42 M2,835
Payment and banking solutions are provided to users and banks.
2015San Ramon, California, United StatesUSD 390 MUSD 532.2 K2,149
SaaS-driven credit card and spend management solutions platform for businesses
2017Draper, Utah, United StatesUSD 1.2 B–5,356
Digital banking services are provided for individuals and businesses.
2014Blyth, England, United KingdomUSD 852.48 M–556
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Related news about Trust Systems & S/W

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Frequently Asked Questions about Trust Systems & S/w

Trust Systems & S/w was founded in 1998 and raised its 1st funding round 26 years after it was founded.

Trust Systems & S/w is headquartered in Nagpur, India. It is registered at Nagpur, Maharashtra, India.

The primary company behind Trust Systems & S/w, Trust Fintech Limited, reported revenue of β‚Ή35.64 Cr for FY 2025, up 1% year on year.

Trust Systems Software is an IT Solutions and Services Company in India. Solutions and services which includes: Core Banking Solution (www.TrustBankCBS.com) Banking Automation Solution for small Midsize Financial Institutions (www.MicroFinS.com) SAP Business One Sales, Implementation Services, Add-on Development, Maintenance Services IT Infrastructure set-up for our clients which includes Datacenter Commissioning, WAN Set-up. System Integration interfaces in BFSI segment for multiple delivery channels viz: RTGS, EFT Switch, SWIFT, CTS, ACH,Mobile Banking, XBRL interface for statutory reporting. Customized Business Intelligence Solutions in BFSI on Banking Systems AND for Businesses on SAP ERP Platform.

Trust Systems & S/w's top competitors include nCino, Thought Machine and Tuum.

Yes, Trust Systems & S/w is publicly traded on NSE under the ticker symbol TRUST.

Trust Systems & S/w has 1 investor. Key investors include Tejas Goenka.

Trust Systems & S/w operates through Trust Fintech Limited.

The legal entities of Trust Systems & S/w currently have 9 directors, including Mandar Kishor Deo, Heramb Ramkrishna Damle, Hemant Padmanabh Chafale and others.

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