Trust Fintech was originally incorporated on December 15, 1998 as a Private Limited Company as “Trust Systems and Software (India) Limited” vide under the provisions of the Companies Act, 1956 with the Registrar of Companies, Mumbai. Pursuant to a special resolution passed by the Shareholders at their Extra ordinary General Meeting held on September 16, 2023, the Company was converted from a Private Limited Company to Public Limited Company and consequently, the name of the Company was changed to ‘Trust Systems and Software (India) Limited’ and a Fresh Certificate of Incorporation consequent to Conversion was issued on September 29, 2023 by the Registrar of Companies, Mumbai. Further, pursuant to special resolution passed by the Shareholders at their Extra Ordinary General Meeting held on November 22, 2023, the company has changed its name from “Trust Systems and Software (India) Limited” to “Trust Fintech Limited” and a fresh certificate of incorporation consequent to name change was issued on December 14, 2023 by the Registrar of Companies, Mumbai. 

Trust Fintech is a Nagpur based SaaS Product focused company which has carved a niche in providing Core Banking Software, IT Solutions, ERP Implementation and Customized Software Solutions Development, SAP B1 and Offshore IT services for the BFSI sector. TFL was founded by Hemant Chafale, Heramb Ramkrishna, Mandar Kishor Deo with a focus on delivering secured core banking solutions & world-class technology solutions to a virtually integrated banking and financial eco-system. The company has evolved in the last 25 years and adapted to the technological and market shifts to reach the current business model and product version. 

The company is consistently expanding its business footprints in India and Globally by adapting to ever-changing regulatory compliances for the global BFSI sector. It has invested in developing more than 10 banking related products for Commercial and Cooperative Banks and Financial Institutions, which comprise Core Banking Software, Loan Origination software, GST compliance software, Financial Accounting & Billing Software, GST Suvidha provider, SAP B1 Services (for Implementation, Support and Add-on Development), Various add-on modules for Statutory Report Generation, ATM Reconciliation, Anti-Money Laundering, Agency Banking, Mobile Banking leveraging end to end solutions to address the evolving needs of banking Solutions. Since it provides banking solutions, therefore all the product solutions are built by keeping in mind the RBI compliance requirements, which the banks have to follow and also the product is designed in configurable architect, which gives the flexibility to incorporate the changes which may be required to be complied by the banks, pursuant to the change in the policy and compliances as notified by the RBI. 

Business area of the company

Trust Fintech is a Nagpur based SaaS Product focused company which has carved a niche in providing Core Banking Software, IT Solutions, ERP Implementation and Customized Software Solutions Development, SAP B1 and Offshore IT services for the BFSI sector

History and milestones

• 1999: Incorporation of the Company as a Private Limited Company with the name of “Trust Systems and Software (India) Private Limited” with the vision of delivering world-class technology solutions to a virtually integrated business community. 
• 2003: Developed ERP (Power Plant Monitoring system PPMS). Implemented all power plants at head office of Maharashtra State Electricity Distribution Company Limited. 
• 2003: Empanelled with Government of Maharashtra as IT service Provider for state wise computerization. 
• 2007: TrustBank CBS Version 1 Core Banking solution SQL Server 2008 & ASP.net partnered with SAP for its product SAP B1. 
• 2013: Ranked among Top Core banking solution provider Globally 2015 CRISIL rated company for “High Performance capability and High Financial Strength (2A)” 2015 Empanelled by NeGD as agency for Integration of different Applications with e- Governance system for Digi-locker system. 
• 2017: Empanelled by Government of India as a GSP (Goods and Services Tax Suvidha Provider) 2017 Launched Soft GST product specially designed for Banks for GST Compliances. 
• 2017: Launched Mobile app and internet banking app for Bank’s customers. 
• 2020: ISO 27001 Certified Company 
• 2021: Trust Bank CBS Version pro 7 Core Banking solution SQL Server 2019 & ASP.net, C#, Java Script. 
• 2021: Launched LOS (Loan Origination software SAAS basis for banks). 
• 2021: Microsoft Gold Partner As a “Independent Software vendor” 2021 CMMI level 5 Certified company. 
• 2022: Empanelment of Fintech with Union Bank of India for Development, Customization & Maintenance of new Software applications. 
• 2022: Certificate of appreciation from The Central Board of Indirect Taxes and Customs for prompt fillings of return and payment of Goods and services tax. 
• 2023: Launched NPA recovery management, audit and compliance module 2023 Received order from USA for implementation of CBS in credit union 
• 2023: Empanelled vendor of NAFCUB to provide CBS and all other related services to urban cooperative Banks. 
• 2023: Converted to Public Limited Company - consequently the name of the company was changed to ‘Trust Systems and Software (India) Limited’ 
• 2023: Change in the name of company from “Trust Systems and Software (India) Limited” to “Trust Fintech Limited”.