Nagarro, a global digital engineering company, announced it has reached an agreement with the shareholders of Singapore-headquartered Techmill Global Pte Ltd, a fintech company, to bring the companies together.
The Techmill group, founded by Harihara Gopinath Sharath and Vishwanath Rajashekarappa in 2008, has over 180 employees across the world, with the majority in India.
Techmill is a partner of Temenos, the global leader in financial technology for better banking. In 2021 the group’s revenue was in the high single-digit million Euro range, the statement said.
For Nagarro, the transaction strengthens its capabilities in its Banking and Financial Services vertical and supports the development of its fast-growing Rest of World segment, particularly with the presence in Australia.
Surya Vedula, Managing Director at Nagarro, states: “I would like to congratulate our new colleagues from Techmill for the way they have built a great company around a core area of expertise. We have been in touch with them for some months now and have come to value their knowledge and perspectives. We welcome them into the global Nagarro family.”
Vishwanath and Sharath, Founder Directors at Techmill, make this joint statement: “We are very happy to associate ourselves with Nagarro, with its humane approach towards people and entrepreneur-friendly environment. With the market breadth and reach of Nagarro added to Techmill’s niche financial expertise, we can reach new heights in the BFSI vertical.”
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