Marking a significant milestone in its growth journey, India’s leading payments and technology service provider Network People Services Technologies Ltd. (NPST) has successfully migrated from the NSE Emerge platform to the Mainboards of the National Stock Exchange (NSE) and BSE.

The company informed that the migration involved 1,93,89,900 equity shares with a face value of Rs. 10 each and has been carried out in compliance with Securities and Exchange Board of India (SEBI) Issue of Capital and Disclosure Requirements Regulations, 2018.

Deepak Chand Thakur, Co-founder and CEO of NPST called it a milestone achievement by the company. He said, “The step-up positions NPST for ‘2.0 and beyond’ - the next phase of our journey. Moving to the Mainboard reinforces our credibility and provides us with the flexibility to keep creating long-term value for our customers, partners, and investors. We are just at the beginning of what we believe will be a truly transformative growth journey.”

Founded in 2013, NPST operates across key layers of India’s financial technology stack, including UPI switching, merchant acquiring, digital banking infrastructure, and regulatory technology. It is a leading fintech firm in India specializing in UPI payments and digital banking, operating as both a Technology Service Provider (TSP) and a Payment Platform as a Service Provider (PPaaSP). The company is currently serving over 100 customers including banks and fintech institutions, playing a critical role in driving Bharat’s digital transformation.

Focus on Next Decade Growth

Commenting on the development, Ashish Aggarwal, Co-founder and Joint Managing Director, NPST, said, “This important milestone in our development and the beginning of a new era enhances corporate governance, builds investor trust, and strengthens our foundation to scale sustainably. It’s a structural advancement that sets the stage for the next decade of growth”.

Savita Vashist, Co-founder and Executive Director, NPST, added, “NPST's transition to the mainboard is a moment of immense pride. From the outset, our vision has been to empower the ecosystem with cutting-edge technology, making digital payments simpler, partnerships stronger, and possibilities bigger. This milestone energizes us to expand our global footprint, deepen our investments in AI/ML—especially in the RegTech space and continue innovating across the financial value chain with excellence and trust.”

Riding Over Strong Momentum

Notably, the company has entered this new phase with strong momentum. For the first nine months of FY25 (April-December 2024), NPST recorded a 78.5% year-on-year increase in revenue, with net profit rising by 133% to Rs. 38.91 crore. At the same time, the company’s EBITDA also grew 96.2% to Rs. 55.71 crore, showcasing robust operational leverage and business scalability.

The performance follows an exceptional FY24, where NPST posted revenues of Rs. 130.08 crore that represented a 216% Year-on-year increase). Also, the company’s EBITDA stood at Rs. 43.70 crore with 253% increase in comparison to same period of the previous year, and net profit went up to Rs. 26.71 crore with 310% YoY increase.

Looking at AI Driven Solutions

The listing is integral to NPST’s broader ‘2.0’ strategy, which focuses on transformation, innovation, and growth. Through this strategy, the company aims to expand into high-potential verticals such as embedded finance, AI-driven risk and compliance solutions, and B2B bill payments—sectors with a combined market opportunity of approximately $50bn within India’s rapidly digitalizing financial services landscape.
As part of its international growth plans, NPST has recently established an office in Dubai as the first step in entering key global markets. The company is also investing heavily in talent acquisition, with plans to increase its workforce by 50% to support the next growth stage.