In a significant boost to its growth plans, digital payments leader Network People Services Technologies (NPST) announced a major capital raise on Wednesday. The company has secured over ₹300 crore through a preferential share allotment to Tata Mutual Fund.
Details of the Strategic Investment
The funding round involved the issuance of 14,46,500 equity shares at a price of ₹2,074 per share, which includes a premium of ₹2,064. The transaction has received all necessary approvals from the National Stock Exchange (NSE) and BSE Limited. Following this preferential allotment, Tata Mutual Fund's stake in NPST will rise to 9.42%, marking a strong vote of confidence in the company's future.
How NPST Plans to Use the Fresh Capital
The newly infused capital is earmarked for several strategic initiatives aimed at transforming NPST into an AI-first technology company. A core focus will be aggressive global expansion into high-growth markets like Africa, the Middle East, and Southeast Asia.
The funds will also accelerate product innovation, upgrade infrastructure, and build capabilities in emerging technologies. Furthermore, NPST intends to pursue selective inorganic growth by acquiring complementary businesses, products, and accounts in payments, lending, and international markets. The company plans to scale its core payments platform into new segments such as collections, embedded finance, and digital banking.
Leadership Vision: Building an AI-First Future
Commenting on the development, Deepak Chand Thakur, Chairman and Managing Director of NPST, stated that the investment is a strong endorsement of their progress. He emphasized that the future of payments will be shaped by intelligence embedded in every layer, and NPST's goal is to evolve into an AI-first payments technology company. This will enable smarter risk controls, better customer experiences, and more efficient processing for their partners.
Ashish Aggarwal, Joint Managing Director of NPST, added that this milestone reflects trust in the company's governance and long-term approach. The investment strengthens NPST's balance sheet, providing stability to reliably serve its partners, which include over twenty banks, fintechs, and payment platforms.
This capital infusion positions NPST to aggressively capture the next wave of growth in the dynamic digital payments and banking infrastructure sector.
