The platform is going to change the way consumers transact with banks, says Chakraborty
Mumbai-headquartered Allied Digital Services Ltd is amongst the first ones to launch path-breaking banking solutions like Conversation AI Platform for banks. This is going to change the way consumers transact with banks, accelerating the transformation of BFSI.
“This cloud-based, plug & play conversational banking is going to accelerate the transformation of the BFSI segment and is going to be a great boon for small and mid-sized banks,” CDO Utpal Chakraborty said on 24 May 2022,
“This is going to change the way consumers transact with banks,” he underlined.
The publicly-traded global IT services company has also launched service platform in FinTech vertical ‘FinoAllied’.
It has also started business operations for newly incorporated subsidiaries in Japan, Brazil and China in FY2021-22, as well as was nominated as New Champion at World Economic Forum.
Allied Digital reported its business and financial highlights for the year ended March 2022.
CMD Nitin Shah stated, “During the transformation period of 4 years, we had been stating ‘small pain but long gain’ and true to what we had anticipated, now we are in the long gain phase for the last 2-3 years. We are very pleased to inform such positive results which will be continued for long period.”
The key highlights include:
• Operating Revenue at Rs.484.68 crore, an increase of 35% Y–o–Y basis
• EBITDA (Before ESOP) of Rs.103.16 crore with quantum jump of 112% on Y-o-Y basis
• PAT of Rs.61.01 crore, an increase of 217% Y-o-Y basis
• Nearly zero Debt and no pledge of promoters’ shares
• Proposed dividend of 20% on Face Value of Rs.5/share
• Orderbook (Mainly Services) stood at Rs.1,400+ crore as on 31 March 2022
• Headcount stood at 3,000+ as on 31.03.2022 incl. 1,000+ recruited during the year. fiinews.com
