Virtual Galaxy Infotech Limited was originally incorporated as ‘Virtual Galaxy Infotech Private Limited’ as a private limited company under the provisions of the Companies Act, 1956, pursuant to a certificate of incorporation dated September 12, 1997 issued by the Registrar of Companies, Mumbai, Maharashtra. Subsequently, the company was converted to a public limited company, pursuant to a special resolution passed by its shareholders in the extra-ordinary general meeting held on June 18, 2024 and the name of the company was changed to ‘Virtual Galaxy Infotech Limited’ and a fresh certificate of incorporation consequent upon change of the name was issued by the Registrar of Companies, Central Processing Centre on September 12, 2024.
The company is a SaaS product focused company engaged in providing core banking software solution, IT solutions, ERP implementation and customized software solutions development, IT services for the BFSI, ERP, and E-Governance domains. It is primarily involved in the development, customization, installation, and implementation of software applications, along with comprehensive post-implementation support, monitoring, and maintenance services for the delivered solutions. To provide a seamless experience to its clients, it offers a range of essential allied services, ensuring that all software needs are met under one roof. Its wide range of offerings covers services including consultation, architecture, solution design, implementation, monitoring and managed services.
The company has been delivering secure core banking solutions within a seamlessly integrated banking and financial ecosystem. Under the leadership of Avinash Narayanrao Shende and Sachin Purushottam Pande, it has built a diverse clientele including banks, microfinance institutions and non-banking financial companies (NBFCs). Its flagship product, E-Banker is a core banking solution designed specifically for banks, societies, and NBFCs. It is available ‘on-premises with infrastructure’ i.e., it offers the flexibility to the customer to deploy E-Banker on their own premises with customized infrastructure. Alternatively, it is also available as off-the-shelf banking software solution in a 'Software as a Service' (SaaS) model. This covers bundled solutions of software and hosting infrastructure on a rental basis for those preferring a hassle-free solution.
Business area of the company
The company is a SaaS product focused company engaged in providing Core Banking Software Solution, IT Solutions, ERP Implementation and Customized Software Solutions Development, IT services for the BFSI, ERP, and E-Governance domains.
Solutions and services of the company
Software development
- E-Banker
- IBS-ERP:
- E-APMC, e-Trading platform for agri-commoditie
- E-Autopsy Post-Mortem Department Automation
- V-Pay
- VGST
- V-SOC (Cyber Security Solutions)
- LOS (Loan Origination System / Module)
Data centre services
Awards, accreditations, or recognitions
- 2022: Awarded ISO 9001:2015 for the Quality Management System.
- 2022: Awarded ISO/IEC 27001:2013 for the Information Security Management System.
- 2024: Awarded ‘The Financial Services Tech of The Year’ under Asia Leadership Awards International Iconic.
- 2024: Award -2024 as Global Excellence in integrated MIS for banking and finance by CIO Forum.
- 2024: Awarded ISO/IEC 20000-1:2018 for the Information Technology Service Management System.
- 2024: Awarded ISO/IEC 23001-7:2023 for the Information Technology -MPEG Systems Technologies.
- 2024: Elets BFSI AI & Analytics Breakthrough Awards for the category ‘Best Regulatory Reporting Core Banking Solution’ presented by alpharithm.
History and milestones
- 1997: Incorporation of the company under the name ‘Virtual Galaxy Infotech Private Limited’.
- 2004: Link Manager Software implemented in Punjab National Bank.
- 2007: Agency Module Developed and implemented in Link Cell branch of Punjab National Bank.
- 2008: Received work order for supply of banking application to one of urban co-operative bank and its 20 branches.
- 2011: Built Company owned Data Centre.
- 2011: Launched IBS (Integrated Business Suite) an ERP product for various industries like textile, sugar, steel, solvex etc.
- 2012: Go live for CBS order for a Cooperative Apex Bank a State Co-op. Bank.
- 2012: Received CBS order from District Central Cooperative Bank with 218 branches.
- 2014: Establishing and operating the computerised auction System (CAS) for the Agricultural commodities at the Agricultural Produce market Committees (APMC) & provide user training in five APMCs under Maharashtra Agricultural Competitiveness Project (MACP).
- 2014: Received LOI for work related to supply, installation, testing, & commissioning of Non- IT Infrastructure and providing service for establishment of Data Center at Maharashtra State Agricultural Marketing Board, Pune.
- 2016: Lunched IBS- ERP software (Currently known e-Autopsy software) for forensic department of Government Medical College.
- 2016: First International CBS project with Commercial Bank in Tanzania.
- 2018: Received work order for core banking solution projects on capex/opex from one of district central Co-Op bank.
- 2019: Received work order for supply, installation, configuration, system integration, commissioning and maintenance of Data Centre- Disaster recovery site, hardware and CBC with allied applications and related underlying hardware as ‘System integrator’ from one of District Central Co-operative Bank.
- 2020: Received work order for supply, installation, migration, implementation and management of core banking solution projects from one of district central co-operative bank.
- 2023: Touches revenues of Rs 50 crore.
- 2024: Converted to Public Limited Company and Name changed to ‘Virtual Galaxy Infotech Limited’.
