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Tue, 30 Jun 2026
10:28:06 am
Tue, 30 Jun 2026
10:28:06 am
Rudransh Sangwan
Published at: May 16, 2026, 6:37 AM
Synopsis
Trust Fintech Limited secured a 10-year SaaS purchase order worth ₹2,223.46 lakh from KDCC Bank for banking software modules, implementation, integration, and subscription services, with a 5% annual escalation clause applicable from the second year onward.
Trust Fintech Limited has secured a long-term purchase order from KDCC Bank for the supply, implementation, integration, and Software-as-a-Service (SaaS) subscription of add-on banking software modules along with related services.
The company disclosed the development to the National Stock Exchange of India on May 15, 2026, under SEBI Listing Obligations and Disclosure Requirements regulations.
The order has been awarded for a period of 10 years and carries a total contract value of ₹2,223.46 lakh, equivalent to approximately ₹22.23 crore. The agreement also includes an annual escalation clause of 5% from the second year onward on software subscription and infrastructure rental charges.
The company stated that the transaction is not a related party transaction and that neither promoters nor group companies have any interest in the awarding entity.
The purchase order has been awarded by KDCC Bank, which is classified as a domestic entity.
Under the agreement, Trust Fintech will provide:
The project focuses on add-on software modules designed for banking operations and digital infrastructure support.
| Parameter | Details |
|---|---|
| Awarding Entity | KDCC Bank |
| Company | Trust Fintech Limited |
| Nature of Contract | Purchase Order |
| Contract Duration | 10 Years |
| Project Scope | SaaS Software Modules & Related Services |
| Entity Type | Domestic Entity |
| Related Party Transaction | No |
The long-term nature of the agreement provides recurring subscription-based revenue visibility for the company over the next decade.
The order carries both fixed revenue components and annual escalation benefits linked to subscription and infrastructure charges.
| Financial Metric | Value |
|---|---|
| First-Year Revenue | ₹176.77 lakh |
| Total Contract Value | ₹2,223.46 lakh |
| Total Contract Value in Crore | Approximately ₹22.23 crore |
| Escalation Clause | 5% annual increase from Year 2 |
| Applicable On | SaaS Subscription & Infrastructure Charges |
The annual escalation clause is expected to support incremental revenue growth throughout the contract period.
Subscription-based contracts are generally viewed positively in the technology sector because they provide predictable recurring cash flows and long-term client engagement.
Software-as-a-Service contracts have become increasingly important for fintech and banking technology companies due to the growing digitization of financial institutions.
Banks are increasingly investing in:
Long-duration SaaS contracts typically provide:
The KDCC Bank order strengthens Trust Fintech’s position in the banking software and fintech solutions segment.
The agreement highlights growing demand for technology-driven banking solutions among Indian financial institutions.
The scope of the project includes implementation and integration services, indicating that the software modules may support operational modernization and digital process improvements within the bank.
Banking institutions are increasingly adopting:
This trend continues creating opportunities for fintech software providers across India.
Trust Fintech disclosed the order under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.
The company also clarified that:
The disclosure was signed and submitted by Hemant Chafale, Managing Director of Trust Fintech Limited.
Large multi-year contracts are closely tracked by investors because they improve revenue visibility and strengthen business stability.
For technology and SaaS companies, long-duration agreements can support:
The 10-year tenure of the KDCC Bank contract gives Trust Fintech long-term business visibility in the banking software segment.
Trust Fintech Limited operates in the banking technology and fintech solutions segment, offering software products and digital infrastructure services for financial institutions.
The company focuses on technology solutions related to:
The latest contract further strengthens its presence in the domestic banking technology market.
Trust Fintech Limited’s ₹22.23 crore purchase order from KDCC Bank marks a significant long-term SaaS contract win for the company.
The 10-year agreement provides recurring revenue visibility, annual escalation benefits, and strengthens the company’s presence in India’s growing banking technology and fintech infrastructure sector.
As financial institutions continue investing in digital transformation and subscription-based software systems, fintech companies with long-term SaaS contracts may continue benefiting from rising demand for banking automation and technology modernization solutions.
Trust Fintech Limited received a 10-year purchase order from KDCC Bank for the supply, implementation, integration, and SaaS subscription of add-on software modules along with related services.
The total contract value is ₹2,223.46 lakh, equivalent to approximately ₹22.23 crore.
The first-year revenue from the contract is ₹176.77 lakh.
The purchase order has been awarded for a duration of 10 years.
Yes, the agreement includes a 5% annual escalation from Year 2 onward on software subscription and infrastructure rental/subscription charges.
The company will provide:
No, the company confirmed that the transaction is not a related party transaction and that promoters or group companies have no interest in KDCC Bank.
Long-term SaaS contracts help fintech companies generate recurring revenue, improve earnings visibility, strengthen client relationships, and support long-term business stability.
The order was disclosed to the National Stock Exchange of India on May 15, 2026.
The disclosure was signed and submitted by Hemant Chafale, Managing Director of Trust Fintech Limited.
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