IT enabled services company BLS E-Services has announced the acquisition of Atyati Technologies for ₹154 crore, a move aimed at strengthening its digital and banking services footprint and expanding its presence across technology-led financial and citizen service platforms. According to reports from CNBC TV18, the company has signed a binding term sheet to acquire a 100% equity stake in Atyati Technologies Private Limited in an all-cash deal based on an equity valuation of ₹154 crore, subject to certain conditions. The Board of Directors has approved entering into a binding offer to invest and acquire 100% equity shares of Atyati Technologies Private Limited from its existing shareholders, subject to approvals from lenders, banks, financial institutions, and other regulatory authorities. Shikhar Aggarwal, Chairman of BLS E-Services, expressed delight in signing the binding term sheet, stating it aligns with their inorganic strategy to grow and enhance service offerings and play a pivotal role in India's financial inclusion strategy.
Atyati Technologies, incorporated in 2006 and headquartered in Bangalore, is a technology and business correspondent organisation enabling banks to deliver financial services to rural and underbanked segments. As reported by CNBC TV18, it operates across financial inclusion, lending to micro-customers, and technology solutions with an agent network spanning across 1 lakh villages. The company has a paid-up share capital of ₹11.42 crore and reported revenue from operations of ₹395.6 crore in FY25. Atyati's proprietary platforms 'Ganaseva, Swayam, and Aayam' offer comprehensive, mobility-based solutions that extend core banking systems to underserved rural, semi-urban, and urban areas, enabling banking correspondents to deliver a wide range of financial services.
The acquisition creates a transformative combined network exceeding 70,000 touchpoints through the merger of BLS E-Services' existing 46,000 Customer Service Points (CSPs) with Atyati's 25,900 CSPs. According to BLS E-Services, this synergy unlocks unparalleled scale, cost efficiencies through shared infrastructure, and new high-margin avenues in digital lending. The combined network amplifies transaction volumes, cross-selling potential, and geographic penetration in high growth states, while diversifying revenue streams and strengthening geographic penetration in key states. The acquisition is expected to provide immediate access to Atyati's advanced micro-lending platform, unlocking higher-margin credit distribution opportunities and positioning BLS E-Services as a more comprehensive, tech-enabled business correspondent player with enhanced product innovation and reduced third-party dependencies.
As reported by CNBC TV18, the acquisition is expected to be completed on or before March 31, 2026, subject to approvals from lenders, relevant banks/financial institutions, statutory/regulatory authorities, shareholders approval if any, and the completion of other conditions precedent to be agreed upon in the definitive Share Purchase Agreement. The completion will be subject to other condition precedents as will be agreed in the Share Purchase Agreement/Definitive Agreement to be executed by the relevant parties.
According to CNBC TV18, shares of BLS E-Services closed at ₹167.65 per share on Friday, February 16, 2026, which is 2.01% above the previous close of ₹164.35 apiece. During the trading session, the counter swung between ₹170.05 and ₹160.25 per share. As per BSE website, the average daily number of unique clients/PAN traded in the scrip in the previous 30 days is less than 100.
