Archive · 7 Nov 2025
RUGR Acquires Saraswat Infotech to Enhance Banking Technology in India
Imagine two companies, RUGR and Saraswat Infotech, decided to join forces.
RUGR is like a tech company that uses smart computers (AI) and the internet to help banks.
Saraswat Infotech is a company that has been helping banks with their technology for a long time.
Now that they are together, they can offer even better tools for banks.
They launched a new product called RUGR Udaan which helps companies pay their employees and merchants.
This partnership aims to make banking in India more modern, faster, and accessible for everyone.
It's like giving banks a powerful upgrade to serve people better.
RUGR has acquired Saraswat Infotech Private Limited (SIPL), a leading Indian banking technology provider.
The acquisition integrates SIPL's BFSI legacy with RUGR's AI-powered, cloud-based ecosystem to enhance banking operations.
A new connected banking solution, RUGR Udaan, was launched at Global Fintech Fest 2025.
The combined entity offers a broad suite of solutions including core banking, digital lending, payment gateways, and compliance tools.
The partnership aims to advance India's fintech sector, promote financial inclusion, and provide scalable, intelligent banking services.
- Who
- RUGR and Saraswat Infotech Private Limited (SIPL)
- What
- RUGR has acquired SIPL to enhance its AI-powered and cloud-based banking technology ecosystem, offering integrated financial solutions to banks.
- When
- The acquisition was announced, and a joint appearance was made at the Global Fintech Fest 2025.
- Where
- India
- Why
- To strengthen the banking ecosystem by integrating SIPL's legacy in the BFSI industry with RUGR's advanced technologies, enabling banks to enhance operations and offering scalable, compliant, and innovative fintech solutions.
- Acquirer
- RUGR
- Acquired Company
- Saraswat Infotech Private Limited (SIPL)
- SIPL's Specialization
- Banking technology provider
- RUGR's Ecosystem
- AI-powered, cloud-based
- Key Product Launched
- RUGR Udaan (merchant payouts and payroll processing)
- Integrated Solutions
- Core Banking, Treasury, Cheque Clearing, Digital Lending, Payment Gateways, Enterprise Solutions