Archive · 27 Jan 2026
UST Secures ₹500 Crore Digital Deal with Muthoot FinCorp
UST, a company that helps other companies use technology better, has made a big deal with Muthoot FinCorp, a large financial services company in India.
This deal is worth over ₹500 crore and will last for six years.
UST will help Muthoot FinCorp improve its technology, including making it more secure and using cloud computing.
This will help Muthoot FinCorp serve its customers better across India.
Both companies are happy with this partnership and think it will help Muthoot FinCorp grow and serve more people.
UST secures a ₹500+ crore six-year digital transformation deal with Muthoot FinCorp Ltd. and the Muthoot Pappachan Group.
The deal aims to strengthen IT infrastructure, cloud, data center, and cybersecurity operations across eight MPG entities.
UST will introduce an enhanced technology stack, including advanced cybersecurity capabilities and hybrid cloud modernization.
The partnership spans over 4200+ branches across 29 states, serving thousands of users and integrating an ecosystem of 100 technologies.
Both companies expressed confidence in the partnership, highlighting its role in supporting Muthoot FinCorp's long-term growth and digital transformation.
- Who
- UST and Muthoot FinCorp Ltd. (part of the Muthoot Pappachan Group)
- What
- A six-year digital transformation deal worth ₹500+ crore
- When
- Signed on January 27, 2024, extending through 2031
- Where
- Thiruvananthapuram, Kerala, India
- Why
- To strengthen IT infrastructure, cloud, data center, and cybersecurity operations across the Muthoot Pappachan Group
- Companies Involved
- UST, Muthoot FinCorp Ltd., Muthoot Pappachan Group
- Deal Value
- ₹500+ crore
- Duration
- Six years (through 2031)
- Scope
- IT infrastructure, cloud, data center, cybersecurity operations
- Entities Involved
- Eight MPG entities, 4200+ branches, 29 states
- Technology Focus
- Hybrid cloud, AI-driven security, automation
- UST's Role
- Enhanced technology stack, cybersecurity, cloud modernization
- Muthoot FinCorp's Role
- Modernize NBFC technology ecosystem