What is the value of the digital transformation deal between UST and Muthoot Pappachan Group?

The digital transformation deal between UST and Muthoot Pappachan Group is valued at over ₹500 crore.

How long will UST's digital transformation partnership with Muthoot FinCorp last?

The digital transformation partnership between UST and Muthoot FinCorp is a six-year agreement through 2031.

What are the key technology areas UST will focus on for Muthoot Pappachan Group?

UST will focus on strengthening IT infrastructure, cloud, data center, cybersecurity operations, hybrid cloud, AI-driven security, and automation-led operations for Muthoot Pappachan Group.

Home / Business and Economy / MPG Partners UST for ₹500 Cr Digital Overhaul

MPG Partners UST for ₹500 Cr Digital Overhaul

28 Jan

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Summary

UST to modernize Muthoot's IT infrastructure for six years.
The deal is valued at over ₹500 crore and involves 8 MPG entities.
Focus is on hybrid cloud, AI security, and automation for NBFC.

MPG Partners UST for ₹500 Cr Digital Overhaul

UST, a leading digital transformation company, has finalized a digital transformation deal valued at over ₹500 crore with Muthoot FinCorp Ltd. and its group companies under the Muthoot Pappachan Group (MPG). This strategic six-year partnership, extending through 2031, signifies a major commitment to modernizing MPG's technology landscape. The engagement will introduce an advanced technology stack for MPG's eight entities, spanning over 4,200 branches and thousands of users nationwide. UST will implement enhanced cybersecurity measures, including Zero Trust architectures and AI-driven threat detection, alongside hybrid and multi-cloud modernization to optimize critical systems. This collaboration is poised to bolster Muthoot FinCorp Ltd.'s extensive NBFC technology ecosystem, focusing on resilience, security, and scalable growth. The initiative aims to support digital lending, branch modernization, and data-driven decision-making, ensuring regulatory compliance and agile operations in the evolving financial services sector.