Datamatics Global Services Limited has successfully gone live as the implementing partner for Automatic Fare Collection (AFC) and mobile ticketing systems on Mumbai Metro Lines 2B and 9, as announced by the company. According to reports from The Hindu BusinessLine, Phase 1 of both lines was inaugurated on April 8, 2026, by Maharashtra Chief Minister Devendra Fadnavis and Deputy Chief Minister Eknath Shinde. The AFC system enables faster entry and exit at stations, supports automatic fare deduction and is compatible with both QR-coded tickets and common mobility cards.
This development extends Datamatics' existing footprint on the Mumbai Metro network, as reported by The Hindu BusinessLine. The Mumbai-headquartered company had previously implemented AFC solutions for Lines 2A and 7. Rahul Kanodia, Vice Chairman and CEO, expressed pride in enabling 'faster, smarter, and more seamless mobility' for Mumbaikars, adding that being headquartered in the city made the association particularly meaningful. The company's global AFC experience spans over 30 projects in cities including London, New York, Melbourne, Hong Kong, and Dubai, as well as for the Memphis Area Transit Authority in the United States.
Datamatics shares on the NSE rose 5.12 per cent to ₹732.50 on April 15, against a previous close of ₹696.80, as reported by The Hindu BusinessLine. The stock touched an intraday high of ₹745 with traded value at ₹18.46 crore and total market capitalisation at approximately ₹4,320 crore. The stock has gained around 23 per cent over the past year, though it remains well below its 52-week high of ₹1,120 recorded in August 2025.
According to The Hindu BusinessLine, Datamatics claims to have executed over 30 AFC projects globally and maintains AFC deployments in India including the Delhi-Meerut RRTS, Kolkata Metro, Pune Metro, Lucknow Metro, and the Shri Mata Vaishno Devi shrine cable car in Jammu. The company's extensive experience in transportation infrastructure solutions positions it well for continued growth in the metro and transit systems sector.
