KFin Technologies IPO

KFIN Technologies Limited is a leading technology driven financial services platform providing comprehensive services and solutions to the capital markets ecosystem including asset managers and corporate issuers across asset classes in India. It also provides several investor solutions including transaction origination and processing for mutual funds and private retirement schemes in Malaysia, Philippines and Hong Kong.

As on September 30, 2022, the company was India’s largest investor solutions provider to Indian mutual funds, based on number of AMC clients serviced. It is providing services to 24 out of 41 AMCs in India, as on September 30, 2022, representing 59% of market share based on the number of AMC clients. (Source: CRISIL Report).

As on September 30, 2022, KFIN Technologies is the only investor and issuer solutions provider in India that offers services to asset managers such as mutual funds, alternative investment funds (“AIFs”), wealth managers and pension as well as corporate issuers in India, besides servicing overseas clients in South East Asia and Hong Kong. The company is servicing 301 funds of 192 asset managers in India as on September 30, 2022, representing 30% market share based on number of AIFs being serviced.

It is one of the three operating central record keeping agencies (CRAs) for the National Pension System (NPS) in India as on September 30, 2022. As on June 30, 2022, out of the 60 AMCs in Malaysia across wholesale funds, unit trust funds and private retirement schemes as specified in the CRISIL Report, it is servicing 18 AMC clients in Malaysia in addition to three clients in Philippines and Hong Kong as on September 30, 2022. In addition, the company has signed two new AMCs in Malaysia and one AMC in Singapore that are yet to launch operations as on September 30, 2022.

KFIN Technologies is the largest issuer solutions provider in India based on number of clients serviced, as on September 30, 2022. It also had a 40% and 29% market share based on number of mainboard initial public offerings handled in Fiscal 2022 and six months ended September 30, 2022, respectively.

The company’s services include a wide array of investor and issuer solutions including omni-channel transaction origination and processing, channel management, which is mapping of mutual fund schemes of AMCs to distributors selected by the AMCs and related distributor management, including brokerage computation and channel servicing which includes brokerage pay-out, query solution and GST compliance assistance, customer on-boarding with integrated KYC, unit allocation and redemption, reporting and compliance checks on a real time basis. It also offers asset servicing products including a distributor platform, an investor platform, and an online transaction platform together with data analytics.