Archive · 22 Sep 2026
Indiabulls to Acquire 70% of Sachin Mittal’s Fintech Cloud
Indiabulls agreed to buy most of Fintech Cloud.
It will purchase 70% of the company using its own shares.
The deal values Fintech Cloud at about Rs.
1,500 crore.
The transaction is worth about Rs.
1,050 crore and still needs regulatory and shareholder approvals.
Fintech Cloud helps lenders run their technology and operations.
The lenders keep control over credit decisions.
The company was founded by Sachin Mittal in 2021.
It reported revenue of Rs.
133.77 crore and profit before tax of Rs.
30.31 crore in FY26.
Indiabulls Limited agreed to acquire a 70% stake in Fintech Cloud Private Limited.
The all-share transaction values Fintech Cloud at approximately Rs. 1,500 crore.
The consideration is pegged at Rs. 1,050 crore, subject to approvals.
Fintech Cloud reported Rs. 133.77 crore revenue and Rs. 30.31 crore profit before tax in FY26.
The platform provides technology and operations support for regulated lenders, banks and NBFCs.
- Who
- Indiabulls Limited, Fintech Cloud Private Limited and founder Sachin Mittal are central to the transaction; Vikram Abrol is Fintech Cloud’s CEO.
- What
- Indiabulls agreed to acquire a 70% stake in Fintech Cloud through an all-share transaction.
- When
- The agreement was announced on September 22; the articles report Fintech Cloud’s financial results for FY26.
- Where
- The announcement concerns companies operating in India’s fintech and regulated-lending ecosystem.
- Why
- The association is intended to take Fintech Cloud into its next growth phase and build on its existing capabilities.
- Acquirer
- Indiabulls Limited
- Target
- Fintech Cloud Private Limited
- Stake
- 70%
- Implied valuation
- Approximately Rs. 1,500 crore
- Transaction consideration
- Rs. 1,050 crore
- FY26 revenue
- Rs. 133.77 crore
- FY26 profit before tax
- Rs. 30.31 crore
- Conditions
- Regulatory and shareholder approvals