Bandhan Group (Bandhan Financial Services) announced its acquisition of Genisys Group, a global information technology and business process services company. This marks Bandhan Group’s strategic entry into the technology sector.
The acquisition allows Bandhan Group to expand its global footprint with new offices in the U.S., UK, and India, significantly enhancing its presence in these markets. By integrating Genisys Group’s offerings, Bandhan Group will add to its portfolio an integrated portfolio of solutions, including digital transformation, data analytics, cloud services, digital media operations, and smart business process solutions across various industries worldwide.
Commenting on the acquisition, Arvind Agrawal, Managing Director of Bandhan Financial Services, said, “The ongoing global disruptions driven by digital transformation—via hyper-automation, artificial intelligence, cloud computing, and other emerging technologies—are reshaping the IT industry. We recognized an opportunity to acquire Genisys Group, bringing its balanced portfolio and decades of experience in the global market. The potential for IT-driven solutions to address business challenges, especially in the BFSI sector, is enormous, and we anticipate significant growth in this area.”
Satish Subramaniam, CEO of Genisys Group, said, “We are thrilled to join forces with Bandhan Group. Their industry expertise and investment prowess will be critical in helping us scale both organically and through strategic acquisitions. Genisys will continue to lead in delivering AI and machine learning-driven solutions alongside cutting-edge digital and cloud technologies. Our approach enables clients to fully leverage the power of data and innovation to drive their digital transformation with agility and precision. Together, we will explore new opportunities to strengthen our capabilities, diversify our offerings, and extend our global reach. This will ensure sustained success for both our clients and Genisys, fostering long-term growth and impactful solutions.”
Genisys Group consists of three companies viz. Genisys Information Systems India (Genisys India), based in Bengaluru, Genisys Software, USA (Genisys USA) and Genisys Software, UK (Genisys UK).
Genisys India is a wholly owned subsidiary of the Company. Genisys USA and Genisys UK is the subsidiary of Genisys India. Genisys Group is into the IT/ITES business having sales offices in the USA and UK. The Group has a delivery center/BPO in Bengaluru. All the contracts from the UK and USA are delivered through this delivery centre.
The Genisys Group has four business segments –
- Software Services
- Business Process Management (BPO/BPM)
- Digital Media Operation
- Professional Services
Bandhan Financial Services (BFSL) is the promoter of Bandhan Financial Holdings (BFHL) and Bandhan Bank. BFSL was incorporated in 1995 and was registered with the Reserve Bank of India (RBI) as an NBFC-NDSI-CIC engaged in the business of investment activities. Bandhan AMC and Bandhan Life are the step-down subsidiaries of BFSL.
