HDFC Bank acquires 7.4% of the capital of Virtuoso Infotech
Update: June 28, 2021 10:21 AM STI
Pune (Maharashtra) [India], June 28 (ANI / BusinessWire India): Virtuoso Infotech Pvt. Ltd., an enterprise software solutions company, founded by Preeti Nahar and Yogesh Satpute, based in Pune, India, today announced the news of its first investment fundraising.
India’s largest private bank HDFC and its subsidiary HDFC Securities Limited have acquired a 7.4 percent stake in Virtuoso Infotech.
Virtuoso Infotech specializes in product engineering and provides custom software solutions for businesses in a wide range of industries. The list includes software solutions for the hospitality, finance, media, religious institutions, communities, cloud computing, food and travel industries, using data analytics and machine learning.
This relationship will reinforce the company’s vision of becoming a reliable technology partner for Indian businesses and the bank’s goal of digitizing underserved and under-penetrated segments using digital solutions.
“We thank HDFC Bank for its confidence in the technological capabilities of Virtuoso,” said Preeti Nahar, CEO of Virtuoso Infotech. “We are delighted to begin our growth journey with HDFC Bank and HDFC Securities, serving the diverse needs of the banking and securities business.”
“We look forward to contributing and making a dent in the digital world with our common capabilities. The Bank has always supported businesses that help them take digitization to the next level,” said Yogesh Satpute, CTO, Virtuoso Infotech .
For more information, contact: https://virtuosoitech.com/www/contact.html
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