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Bandhan Group Makes Strategic Move into Technology, Acquires Genisys Group

Kolkata/Mumbai/Bangalore, November 05, 2024: Bandhan Group (Bandhan Financial Services Ltd) today 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, stated, “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.”

Looking ahead, Satish Subramaniam, CEO of Genisys Group, expressed, “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 is at the forefront of delivering IT and AI-driven solutions, utilizing cloud technologies and automation to facilitate digital transformation. With a focus on agile delivery and innovations, the company helps businesses improve performance and unlock actionable insights from data. Its service portfolio spans digital application lifecycle management, cloud native solutions, data management, digital media operations and business process outsourcing, catering to various industry segments. Guided by a commitment to innovation, accountability, and transparency, Genisys aims to deliver future-ready solutions and establish lasting partnerships that drive value for its global clientele.

Bandhan Financial Services Limited (‘BFSL’) is the promoter of Bandhan Financial Holdings Limited (‘BFHL’) and Bandhan Bank Limited. BFSL was incorporated on August 03, 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.

The Wadhwa Group Launches ‘Evara’ Signature Villa Plots at Wadhwa Wise City, Panvel

Mumbai, October 08, 2024: The Wadhwa Group, a leading real estate company and a major player in Mumbai’s real estate market, has unveiled ‘Evara,’ an exclusive signature villa plot development within their prestigious Wadhwa Wise City (WWC) integrated township project in Panvel. These premium villa plots, starting from a minimum carpet area of 1,600 sq. ft., are priced from Rs. 1.49 crore onwards.

‘Evara’ is a plotted development project situated within the 200+ acre integrated Wadhwa Wise City township, nestled in lush tropical green mountains housed amidst nature, but yet within easy access to urban areas like Navi Mumbai and Mumbai. Residents can enjoy a lifestyle hub with vibrant retail plazas, malls, high streets, and a state-of-the-art sports complex. All this in the midst of 53,000 acres of greenery with 70% open spaces and Superior air quality.

Speaking on the occasion, Mr. Sandeep Sonthalia – CEO, Wadhwa Wise City said, “We are excited to introduce ‘Evara,’ our latest and most exclusive Signature villa plot development within our prestigious Wadhwa Wise City Township in Panvel. This development represents a perfect blend of luxury and serenity. Plot owners will immensely benefit from the convenience factor as all social infra facilities are close at hand. Our aim with ‘Evara’ is to provide a tranquil retreat away from the city’s hustle and bustle, with the added benefit of superior air quality, excellent connectivity to surrounding urban areas and high price appreciation over the long term.”

Conveniently located within 20-30 minutes are Orion Mall, Golf Course, Adlabs Imagica, and Della Adventure Park. Top educational institutes and leading healthcare facilities are within 5-15 minutes, including St. Wilfred’s School, Delhi Public School, DAV Public School, Lifeline Hospital, DY Patil Hospital, and Fortis Hospital.

Embraced as Mumbai 3.0, Panvel is not just witnessing infrastructural metamorphosis but stands as a beacon for those seeking quality living spaces and robust investment opportunities. Panvel offers exceptional connectivity, with key locations just 10-20 minutes away, including the Mumbai Trans Harbour Link (Atal Setu), Mumbai-Pune Expressway, Mohape Railway Station, Thombrewadi Bus Stop, Sion-Panvel Highway, and Panvel Railway Station.