Trust Fintech Ltd, one of the prominent SaaS providers in the BFSI space, has made major expansion plans in Nagpur. The company has acquired an 8,093.71-square-meter facility in the MIHAN SEZ and leased a 7,000-square-foot office space in Nagpur's IT Park to facilitate its expanding operations and employees.
Key Highlights:
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MIHAN SEZ Facility: Trust Fintech has signed a long-term lease for a world-class facility in MIHAN SEZ. The project will be an export-oriented unit (EOU), with an emphasis on global core banking services and IT solutions. Work on the facility will start by mid-May 2025.
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IT Park Office Space: To address immediate operational requirements, the firm has rented a 7,000-square-foot office in IT Park, Nagpur. Functional since August 2024, the office can hold 125–150 staff and facilitates recruitment, training, and onboarding of more than 100 new employees hired during FY 2024-25.
Strategic Expansion:
The MIHAN complex will increase Trust Fintech's ability to provide cutting-edge IT solutions while availing SEZ tax benefits. The IT Park office provides continuity of operations as the company expands its manpower and services.
Trust Fintech's Managing Director said, "These expansions demonstrate our focus on growth and innovation as we consolidate our presence in Nagpur."
Sources: NSE Filing, Business Standard, March 31, 2025