HCL acquires Natural Technologies

CIOL Bureau
New Update

NEW DELHI, INDIA: HCL Infosystems has announced the acquisition of Jaipur-based Natural Technologies Pvt Ltd (NTPL), a niche banking software product company.


NTPL, which has over 10 years of experience developing software products for Indian banking sector, has over 30 clients from PSU, private sector, cooperative sector and regional rural sector banks.

HCL will develop the facility at NTPL facility at Jaipur into a Banking Center of Excellence, which will build products for the cooperative and rural banking sector and the financial inclusion sector.

“This acquisition will strengthen our range of offerings into the BFSI segment and is part of our vision of a “Transforming HCL,” said JV Ramamurthy, chief operating officer, HCL Infosystems.

“We are a niche player in the banking software-related product segment and there exist great synergies between us and HCL in the BFSI segment. NTPL’s product range will enhance HCL’s existing range of offerings,” said Ripu Dhaman, managing director, NTPL.