JMR Infotech India Pvt Ltd

JMR Infotech India Pvt Ltd is a technology solutions provider specializing in Oracle Banking and Enterprise Systems Integration, delivering tailored digital transformation services to the Banking, Financial Services, and Insurance sectors globally. Founded in 2007 in Bangalore, India, JMR Infotech focuses on developing technology solutions for the financial sector. The company has undergone strategic shifts to enhance its offerings and has not indicated any parent or subsidiary relationships. Jayafar Moidu serves as the CEO.

JMR Infotech raised INR 20 million in funding on March 29, 2018, valuing the company at INR 84. 44 million post-money, with a total amount raised of INR 20 million. JMR Infotech specializes in providing comprehensive technology solutions with a focus on Oracle Banking and Enterprise Systems Integration. Their core offerings include end-to-end system integration services, digital transformation solutions, and legacy modernization support.

By utilizing Oracle FLEXCUBE Universal Banking and OBDX Digital platforms, JMR Infotech aids banking institutions in streamlining operations and ensuring compliance across five continents, serving over 200 clients, including notable institutions like Housing Finance Bank in Uganda and Afghan United Bank. In the most recent fiscal year of 2023, JMR Infotech reported a revenue of INR 9,052,466 and an EBITDA of INR 1,159,045. 2. The company generates revenue through structured B2B transactions involving system integration projects, ongoing support services, and partnerships with financial institutions, ensuring steady revenue streams through service contracts that include setup fees and licensing for software applications.

JMR Infotech plans to leverage its recent funding of INR 20 million to enhance its product offerings and expand into new market regions. The company is focused on developing new digital transformation solutions tailored for specific banking regulations by 2024. The funds raised will support these initiatives, enabling the firm to explore opportunities in additional geographic markets and enhance its technology infrastructure to better serve its growing client base.