Next 50 : Nelito Systems-Rank21

Focused on the domestic banking and financial domain, Mumbai based Nelito
Systems core banking product, FinCraft, won eight customers including Apex Bank
(Karnataka), Mysore District Central Cooperative Bank, Sutex (Surat) and Nav
Nirman (Ahmedabad). Nelito also changed its strategy from being a pure play
product company to a services company targeting regional rural banks (for
FinCraft) and nationalized banks (for services). Its newly launched MFIN
(catering to primary agriculture credit societies) was used by the Haryana
Government for its 1,000 credit societies, while the Jharkhand Government
deployed it as common software for its district central cooperative banks.