Aurionpro Solutions Limited: Company Profile

Background

Overview

Aurionpro Solutions Limited, established in 1997, is a global technology company headquartered in Navi Mumbai, India. The company specializes in providing advanced technology solutions across various sectors, including banking, mobility, payments, and government services. Aurionpro is publicly listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE), with a market capitalization exceeding ₹7,800 crore as of May 2025.

Mission and Vision

Aurionpro's mission is to empower enterprises by delivering superior technology solutions that drive digital innovation and create long-term value. The company's vision is to lead the next wave of technological advancement by building intelligent, purpose-built platforms that enable businesses to adapt to the evolving digital landscape.

Primary Area of Focus

Aurionpro focuses on developing and delivering proprietary software products and technology solutions that cater to the needs of financial institutions, government agencies, and enterprises. The company's offerings include transaction banking platforms, digital payment solutions, customer experience systems, and smart transit solutions.

Industry Significance

Aurionpro has established itself as a significant player in the fintech industry, recognized for its innovative solutions and strategic partnerships. The company's inclusion in the FinTech Forward 100 list in 2013 and 2014 underscores its prominence in the global financial technology sector.

Key Strategic Focus

Core Objectives

• Digital Transformation: Aurionpro aims to drive digital transformation for its clients by providing cutting-edge technology solutions that enhance operational efficiency and customer engagement.

• Innovation: The company focuses on continuous innovation to develop products and services that meet the evolving needs of the financial services industry.

• Global Expansion: Aurionpro seeks to expand its global footprint by entering new markets and establishing strategic partnerships.

Specific Areas of Specialization

• Transaction Banking: Aurionpro offers comprehensive solutions for transaction banking, including cash management, trade finance, and corporate banking services.

• Digital Payments: The company provides secure and scalable digital payment platforms that enable businesses to process transactions efficiently.

• Customer Experience Systems: Aurionpro develops systems that enhance customer engagement through self-service kiosks, digital signage, and feedback systems.

• Smart Transit Solutions: The company offers smart transit solutions, including automatic fare collection systems and intelligent transport management systems.

Key Technologies Utilized

• Artificial Intelligence (AI): Aurionpro integrates AI technologies into its products to provide intelligent automation and data-driven insights.

• Cloud Computing: The company leverages cloud infrastructure to offer scalable and secure solutions to its clients.

• Blockchain: Aurionpro explores blockchain technology to enhance the security and transparency of financial transactions.

Primary Markets Targeted

• Banking and Financial Services: Aurionpro serves a diverse clientele, including retail and wholesale banks, financial institutions, and payment service providers.

• Government Agencies: The company collaborates with government entities to implement smart city initiatives and digital governance solutions.

• Enterprises: Aurionpro provides technology solutions to enterprises across various industries, including manufacturing, education, and healthcare.

Financials and Funding

Funding History

Aurionpro has funded its growth through a combination of internal accruals and strategic acquisitions. In 2020, the company acquired a majority stake in SC Soft, a Singapore-based IT company specializing in transportation fare collection systems. In 2023, Aurionpro acquired a 67% majority stake in Arya.ai, an AI-powered platform-as-a-service startup, for $16.5 million, enhancing its AI capabilities.

Total Funds Raised

Specific details regarding the total funds raised by Aurionpro are not publicly disclosed.

Notable Investors

Aurionpro is a publicly listed company, and its shares are held by a diverse group of institutional and retail investors. The company has attracted foreign institutional investors, indicating confidence in its growth prospects.

Intended Utilization of Capital

The capital raised through acquisitions and investments is intended to:

• Enhance Product Offerings: Integrate advanced technologies like AI and machine learning into existing products.

• Expand Market Reach: Enter new geographical markets and sectors.

• Strengthen R&D Capabilities: Invest in research and development to drive innovation.

Pipeline Development

Key Pipeline Candidates

• SmartLender: A commercial loan origination solution designed to automate corporate loan processes, enhance decision-making, and mitigate risk.

• iCashpro+: A next-generation cash management and transaction banking platform offering AI-powered cash flow forecasting, virtual accounts, liquidity management, and receivables management.

Stages of Development

• SmartLender: The solution has been implemented in leading banks across Asia and is continually updated to meet evolving market needs.

• iCashpro+: Aurionpro has secured contracts with leading banks in the Middle East and Asia to implement this platform, indicating its readiness for deployment.

Target Conditions

• SmartLender: Aims to streamline corporate loan origination processes, improve decision-making, and reduce operational risks.

• iCashpro+: Targets corporate clients seeking advanced cash management and transaction banking solutions with AI-driven features.

Anticipated Milestones

• SmartLender: Aurionpro plans to expand its client base in Asia and explore opportunities in other regions.

• iCashpro+: The company aims to enhance the platform's capabilities and secure additional contracts in the Middle East and Asia.

Technological Platform and Innovation

Proprietary Technologies

• Arya.ai: An AI-powered platform-as-a-service that enables enterprises to develop AI solutions, including modules for AI governance and machine learning model fine-tuning.

• AuroPay: A technology-first payment gateway platform that enables businesses to receive digital payments securely and efficiently.

Significant Scientific Methods

• Machine Learning Algorithms: Aurionpro employs machine learning algorithms to enhance decision-making processes in financial services.

• AI Governance Frameworks: The company utilizes AI governance frameworks to ensure responsible and transparent AI deployment.

Leadership Team

Key Executives

• Paresh Zaveri: Chairman and Managing Director. Co-founded the company in 1997 and has been instrumental in its strategic direction.

• Ashish Rai: Vice Chairman and President. Joined Aurionpro in July 2022, bringing over 22 years of experience in fintech and enterprise software businesses.

• Amit Sheth: Co-Chairman and Director. Contributes to the company's strategic initiatives and growth.

• Sanjay Bali: President – Tech Innovation Group. Leads the company's technology innovation efforts.

• Shekhar Mullati: President – Banking Solutions Group. Oversees the banking solutions division.

Leadership Changes

• Ashish Rai's Appointment: In July 2022, Ashish Rai joined Aurionpro as Vice Chairman and President, bringing extensive experience in fintech and enterprise software.

Competitor Profile

Market Insights and Dynamics

The fintech industry is experiencing rapid growth, driven by digital transformation initiatives across banking, payments, and government sectors. Aurionpro competes with both established global players and emerging regional companies in this dynamic market.

Competitor Analysis

• Intellect Design Arena: An Indian fintech company offering digital banking solutions, competing in similar segments as Aurionpro.

• FIS: A global financial services technology company providing a wide range of banking and payment solutions.

• Temenos: A Swiss company specializing in banking software, offering core banking systems and digital banking solutions.

Strategic Collaborations and Partnerships

• SC Soft Acquisition: In 2020, Aurionpro acquired a majority stake in SC Soft, significantly enhancing its capabilities in transportation fare collection systems and smart transit solutions.