Atyati Technologies will be acquired by BLS E-Services

BLS E-Services on Monday announced that it will acquire a 100 per cent stake in Atyati Technologies for Rs 154 crore.

In a regulatory filing, the company said the acquisition will be an all-cash deal and is expected to be completed by March 31, 2026. The transaction is based on the equity value of Rs 154 crore of Atyati.

BLS E-Services said the acquisition will further strengthen its banking relationships with key public sector banks as well as several private sector banks. The deal is aimed at expanding its footprint in financial inclusion and digital banking services.

“By merging Atyati's extensive network of over 25,900 CSPs (Customer Service Points) with our own, we are creating a powerful combined footprint exceeding 70,000 touchpoints, unlocking unparalleled scale, cost efficiencies through shared infrastructure, and new high-margin avenues in digital lending,” said Shikhar Aggarwal, Chairman of BLS E-Services.

BLS E-Services operates as a digital service provider to governments and financial institutions, offering a range of citizen-centric and banking-related services.

Headquartered in Bengaluru, Atyati Technologies specialises in providing technology platforms for financial inclusion, with a focus on rural banking, last-mile agent banking and doorstep banking services. The acquisition is expected to enhance BLS E-Services’ capabilities in expanding access to banking services in underserved and rural areas.