Sarvatra Technologies
| Limited | |
| ISIN | 🆔 |
| Industry | Banking software, financial technology |
| Predecessor | EBZ Online |
| Founded 📆 | 22 June 2000 |
| Founder 👔 | Mandar Agashe |
| Headquarters 🏙️ | , , |
Area served 🗺️ | India |
Key people | Mandar Agashe (Chairman) |
| Products 📟 | POS terminals |
| Services | Payment solution software |
| Revenue🤑 |  US$55.8 billion[1] |
| Members | |
Number of employees | |
| 🌐 Website | sarvatra |
| 📇 Address | |
| 📞 telephone | |
Sarvatra Technologies is an Indian financial technological company that develops banking software.[2]
History[edit]
The company was formally founded on 22 June 2000 by Mandar Agashe.[3][4][5][6] It was previously established by the name EBZ Online,[7] a company developing banking software for his father's Suvarna Sahakari Bank.[8][9] In July 2003, EBZ Online launched Sarvatra, a banking software system, through the bank's 12 branches in Maharashtra.[10][11] The name Sarvatra Technologies was officially used for the company starting 2004.[12]
In 2010, the National Payments Corpostaion of India allowed Sarvatra to be the first Electronic Fund Transfer switch by an Application Service Provider to connect directly to NFS.[6][13]
In 2014, the company launched an ATM-POS terminal providing 104 Indian rural banks with core banking services. The company also launched credit and debit cards in partnership with RuPay that same year.[14][13]
By 2015, the company became an acclaimed payment service provider to the Indian rural/co-operative banking sector,[15] having brought 400 banks across 26 states on India's National Financial Switch by 2016.[16][17]
By 2018, the company was valued at rupees 40,000 crores.[18][19] That same year, it was further praised for having brought 450 co-operative banks on India's National Financial Switch.[20][21][22] That same year, it was reported that the company handled thirty percent of overall Immediate Payment Services transactions,[23] and would be further expanding into Unified Payments Interface and micro-ATMs.[24][25] The company won the Economic Times BFSI Innovation Tribe Award for 2018.[13]
In 2019, the company's EFT switch was awarded as the Best Banking Technology of 2019 by the Internet And Mobile Association Of India.[26][13]
References[edit]
- ↑ "Sarvatra set for INR 40000 crore gross transaction value in FY 2018-19". News Barons. 2018-08-16.
- ↑ "Company Overview of Sarvatra Technologies Private Limited". Bloomberg. Retrieved 2018-09-21.
- ↑ "Launch, deliver, repeat". DNA India. 19 November 2018.
Mandar Agashe, founder and vice chairman, Sarvatra Technologies,
- ↑ "SARVATRA TECHNOLOGIES PRIVATE LIMITED | Indian Company Info". Indian Company Info. Retrieved 2018-09-21.
- ↑ "Sarvatra Technologies Private Limited Company Information". Corporate Directory. Retrieved 2018-09-21.
- ↑ 6.0 6.1 "Here's how one company is helping small banks to ensure Digital Payment interoperability". Moneycontrol. Retrieved 2019-04-03.
- ↑ Company News and Notes. 37. Research and Statistics Division, Department of Company Law Administration, Ministry of Commerce & Industry. July 2000. p. 46. Search this book on
- ↑ Information Gatekeepers Inc. Information Gatekeepers Inc. Search this book on
- ↑ Business World. Ananda Bazar Patrika Limited. 2001. Search this book on
- ↑ "Pune co-op bank installs ebz Online's software". Business Line. July 26, 2003. Retrieved 2018-09-21.
- ↑ Business India. 661-666. A.H. Advani. 2003. p. 25. Search this book on
- ↑ Business India. 674-679. A.H. Advani. 2004. p. 69. Search this book on
- ↑ 13.0 13.1 13.2 13.3 ""Sarvatra provided the entire infrastructure required for a bank to centralize its system" - By, Mr. Mandar Agashe , Sarvatra Technologies - leading Banking and Payments solutions provider". Technuter. 2019-02-19. Retrieved 2019-04-03.
- ↑ "Sarvatra Technologies Exceeds Growth Targets | CSF International (CSFi)". www.csfi.com. Retrieved 2018-09-21.
- ↑ "Finacus Solutions Private ... vs State Of Andhra Pradesh, Through ... on 1 October, 2015". indiankanoon.org. Retrieved 2018-09-21.
- ↑ "Opening of bank accounts for daily wages workers - The Synthetic & Rayon Textiles Export Promotion Council". www.srtepc.org. Retrieved 2018-09-21.
- ↑ "Sarvatra Technologies Pvt Ltd". Business in Maharashtra. Retrieved 2018-09-21.
- ↑ "Sarvatra set for INR 40000 crore gross transaction value in FY 2018-19". News Barons. 2018-08-16.
- ↑ "Sarvatra Technologies | TechHerald". techherald.in. Retrieved 2018-09-21.
- ↑ "Sarvatra Technologies brings 450th co-operative bank on National Financial Switch". Deccan Chronicle.
- ↑ "Sevalia Co-op bank becomes 450th entrant to NPCI's NFS, courtesy Sarvatra Technologies". Sify.
- ↑ ""Providing banking facilities and an array of ATMs throughout the rural areas is unviable for banks" - By, Mr. Mandar Agashe, Founder and Vice Chairman, Sarvatra Technologies". technuter.com.
- ↑ "IMPS platform Sarvatra Tech eyes $20 mn PE fund". Hindu Business Line.
- ↑ "BIZ-SARVATRA-TECH-FUNDING". outlookindia.com.
- ↑ www.ETtech.com. "Sarvatra Technologies seeks funding for microATM network - ETtech". ETtech.com. Retrieved 2019-04-03.
- ↑ "Sarvatra Technologies accredited as Best Banking Technology provider". United News of India. Jan 25, 2019.
External links[edit]
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