Bandhan Group, known for its financial services, has made a significant move into the technology sector with its acquisition of Genisys Group, a global IT and business process services company. This acquisition allows Bandhan Group to strengthen its global reach with new offices in the U.S., UK, and India, expanding its service portfolio to include digital transformation, data analytics, cloud services, and more, targeting various industries worldwide.
Arvind Agrawal, Managing Director of Bandhan Financial Services, emphasized the strategic timing of the acquisition, noting the immense potential of IT-driven solutions to address modern business challenges, particularly in the BFSI sector. “The ongoing global disruptions driven by digital transformation—via hyper-automation, artificial intelligence, and cloud computing—are reshaping the IT industry,” Agrawal stated, expressing confidence in the growth opportunities Genisys brings.
Genisys Group CEO Satish Subramaniam shared his excitement about the merger, stating that Bandhan’s industry expertise will help drive further expansion. The combined strengths aim to deliver advanced AI and machine learning solutions, enhancing clients’ data-driven agility and digital transformation efforts. The business community has shown interest in how this acquisition could influence the local technology sector. Industry leaders are optimistic that Bandhan Group’s investment in tech will create job opportunities and foster innovation in the region, potentially positioning as a future tech hub.