Indiabulls Limited has signed a definitive agreement to acquire a 70% controlling interest in Fintech Cloud Private Limited for ₹1,050 crore, marking the listed company’s entry into the financial-technology segment. The transaction values Fintech Cloud’s entire equity at ₹1,500 crore and will give Indiabulls control of a technology-enabled loan-service provider working with regulated non-banking financial companies.
The proposed acquisition will be executed through a scheme requiring approval from the National Company Law Tribunal. Indiabulls will issue up to 21 crore fully paid equity shares as consideration, subject to applicable pricing provisions and regulatory requirements, including the Securities and Exchange Board of India’s capital-issuance rules. Completion is expected within nine to 12 months, depending on approvals from the tribunal, stock exchanges, shareholders and other relevant authorities.
Indiabulls will have the right to appoint a majority of Fintech Cloud’s directors. The arrangement therefore represents an operational as well as financial acquisition, positioning the buyer to shape the target’s technology, lending-support and growth strategy.
Established in 2021, Fintech Cloud provides technology and operational solutions for the lending industry and acts as a loan-service provider for regulated entities. Its activities cover digitally enabled functions such as customer acquisition, loan origination, underwriting support and servicing for NBFC partners. The company recorded gross revenue of ₹133.77 crore and profit before tax of ₹30.31 crore in the financial year ended March 2026. It reported no turnover in the preceding two financial years, indicating that the bulk of its current commercial activity was established during FY26.
The acquisition adds a technology-led financial-services platform to an Indiabulls business portfolio that has been moving toward real estate and capital-efficient financial services. Indiabulls generated operating revenue of approximately ₹833 crore in FY26, including about ₹267 crore from real estate, ₹123 crore from brokerage operations and ₹177 crore from asset-recovery activities. The company has also reported a zero-net-debt position.
Fintech Cloud will give Indiabulls direct exposure to the digital-lending infrastructure used by regulated financial institutions without requiring the group to build the underlying origination and servicing stack from the ground up. The share-based structure also limits the immediate cash requirement while substantially expanding Indiabulls’ equity base. The final number and pricing of shares will be governed by the approved scheme and securities regulations.
Until the statutory process is completed, the transaction remains subject to regulatory and shareholder clearance. The definitive agreement, proposed board control and disclosed transaction structure, however, establish the framework for Indiabulls’ largest announced move into India’s technology-enabled lending ecosystem.
