BLS E-Services to Acquire Atyati Technologies for Rs. 154 Crores
Filing Summary
BLS E-Services Limited has signed a binding term sheet to acquire a 100% equity stake in Atyati Technologies Private Limited for Rs. 154 Crores. The acquisition, an all-cash deal, is expected to conclude by March 31, 2026, pending necessary approvals. Atyati, a provider of technology platforms for financial inclusion, operates over 25,900 Customer Service Points (CSPs) across India. This acquisition will expand BLS E-Services’ network to over 70,000 CSPs, enhancing its presence in rural and semi-urban financial services.
BLS E-Services Limited has announced the acquisition of a 100% equity stake in Atyati Technologies Private Limited. The acquisition involves an all-cash transaction valued at Rs. 154 Crores. Atyati Technologies is recognized for its role in enabling financial and banking services in rural India. The acquisition is subject to approvals from lenders, banks, financial institutions, statutory bodies, regulators, and shareholders. The transaction is anticipated to be completed by March 31, 2026.
The financial terms of the acquisition include a consideration based on the equity value of Rs. 154 Crores for Atyati Technologies. The deal is structured as an all-cash transaction. Completion of the acquisition is contingent upon meeting certain conditions outlined in the Share Purchase Agreement and Definitive Agreement. These agreements will be executed by the relevant parties involved in the transaction.
Atyati Technologies, founded in 2006 and headquartered in Bangalore, specializes in providing technology platforms for financial inclusion. The company focuses on rural banking, last-mile agent banking, and doorstep banking services. Atyati’s proprietary platforms, Ganaseva, Swayam, and Aayam, extend core banking systems to underserved areas. The company partners with over 30 banks and financial institutions, facilitating services through more than 25,900 Customer Service Points (CSPs) across approximately 100,000 villages in 28 Indian states.
The acquisition will significantly expand BLS E-Services’ network, combining Atyati’s 25,900 CSPs with BLS E-Services’ existing 46,000 CSPs. This will create a combined network of over 70,000 touchpoints. The expanded network is expected to enhance transaction volumes, cross-selling potential, and geographic penetration in high-growth states. The acquisition will also provide BLS E-Services with access to Atyati’s advanced micro-lending platform.
The acquisition is expected to be finalized by March 31, 2026, subject to necessary approvals and completion of conditions precedent. The parties involved include BLS E-Services Limited and Atyati Technologies Private Limited. The transaction is in line with BLS E-Services’ strategy to enhance its service offerings and expand its presence in India’s financial inclusion sector.
BLS E-Services Limited, a subsidiary of BLS International, is a leading technology-enabled digital service provider in India. The company offers a range of services, including Business Correspondent services, Business Facilitators, Assisted E-services, and E-Governance Services. BLS E-Services focuses on bridging the digital gap in areas with low internet penetration through a phygital strategy, combining physical and digital solutions.