NPCI Launches Fourth Wholly-Owned Subsidiary NTSL, Appoints Vishal Kanvaty as MD & CEO
The National Payments Corporation of India (NPCI) launched NPCI Tech Solutions Limited (NTSL) in November 2026 as its fourth wholly-owned subsidiary to strengthen technology innovation and digital financial infrastructure.
NPCI also appointed Vishal Kanvaty, its Chief Technology Officer (CTO), as the Managing Director and Chief Executive Officer (MD & CEO) of the newly established company.
NTSL will focus on emerging technologies such as artificial intelligence (AI), blockchain, digital public infrastructure (DPI) and Global Capability Centre (GCC) services.
The new subsidiary is expected to strengthen India’s digital payments ecosystem by developing advanced technology solutions and supporting innovation in financial services.
| Particular | Details |
|---|---|
| Parent Organisation | National Payments Corporation of India (NPCI) |
| New Subsidiary | NPCI Tech Solutions Limited (NTSL) |
| Launch | November 2026 |
| Subsidiary Position | Fourth wholly-owned subsidiary |
| MD & CEO of NTSL | Vishal Kanvaty |
| Previous Position | Chief Technology Officer, NPCI |
| Key Focus Areas | AI, Blockchain, DPI and GCC Services |
| Major Technology Solutions | e-KYC Setu and Unified Ticketing Platform |
| NPCI Headquarters | Mumbai, Maharashtra |
| NPCI MD & CEO | Dilip Asbe |
NPCI Tech Solutions Limited is a newly established technology and innovation subsidiary of the NPCI Group.
The company aims to develop and provide advanced technology solutions that support India’s digital payments and financial services infrastructure.
Unlike NPCI’s other subsidiaries, which focus on specific payment services or international expansion, NTSL will concentrate on technology development, innovation and digital infrastructure services.
The subsidiary will support NPCI’s efforts to strengthen the reliability, efficiency and technological capabilities of India’s digital financial ecosystem.
NPCI appointed Vishal Kanvaty as the Managing Director and Chief Executive Officer of NPCI Tech Solutions Limited.
Before this appointment, he served as the Chief Technology Officer of NPCI.
His responsibilities at NTSL will include leading the company’s technology strategy, encouraging innovation and expanding its capabilities in emerging digital technologies.
The appointment highlights NPCI’s focus on technology-driven growth and innovation in digital payments.
With the establishment of NTSL, NPCI now has four wholly-owned subsidiaries.
| Subsidiary | Full Name | Primary Focus |
|---|---|---|
| NIPL | NPCI International Payments Limited | International expansion of Indian payment systems |
| NBBL | NPCI Bharat BillPay Limited | Bharat BillPay ecosystem |
| NBSL | NPCI BHIM Services Limited | BHIM digital payments platform |
| NTSL | NPCI Tech Solutions Limited | Technology innovation and digital infrastructure |
NTSL becomes the fourth wholly-owned subsidiary, following NIPL, NBBL and NBSL.
NTSL will explore artificial intelligence technologies to support advanced digital financial services, automation and technology solutions.
AI-based applications can help improve operational efficiency, data processing and digital service delivery.
Blockchain is a distributed ledger technology that enables records to be maintained across multiple systems.
NTSL will focus on blockchain-related solutions as part of its broader technology innovation strategy.
Digital Public Infrastructure refers to foundational digital systems that support public and private services at scale.
NTSL will develop and support technology solutions that can strengthen India’s digital financial infrastructure.
Global Capability Centres provide specialised services such as technology development, engineering, analytics and operational support.
NTSL will explore GCC-related services to expand its technology capabilities.
The new company will offer technology services associated with several digital platforms.
e-KYC Setu: A technology solution associated with electronic Know Your Customer processes, which help financial institutions verify customer identities digitally.
Unified Ticketing Platform (UTP): A digital platform intended to support integrated ticketing services.
Digital Public Infrastructure: Technology solutions supporting the development and operation of digital systems used across financial and public services.
These offerings reflect NPCI’s efforts to extend its technological expertise beyond traditional payment processing.
The National Payments Corporation of India (NPCI) was established in 2008 as a not-for-profit company through an initiative of the Reserve Bank of India (RBI) and the Indian Banks’ Association (IBA).
NPCI plays a central role in operating and developing retail payment and settlement systems in India.
The organisation is headquartered in Mumbai, Maharashtra, and is led by Dilip Asbe, its Managing Director and Chief Executive Officer.
Unified Payments Interface (UPI)
RuPay
Immediate Payment Service (IMPS)
National Automated Clearing House (NACH)
Aadhaar Enabled Payment System (AePS)
Bharat BillPay
BHIM
The creation of NTSL represents an important development in India’s digital financial ecosystem.
Technology innovation: The subsidiary will focus on AI, blockchain and advanced digital infrastructure.
Digital payments ecosystem: It can support technological development for financial services and payment-related platforms.
Digital Public Infrastructure: NTSL will contribute to the development of technology solutions supporting large-scale digital services.
Specialised technology services: The company will explore Global Capability Centre services and other technology offerings.
Institutional expansion: The launch strengthens NPCI’s organisational structure by adding a dedicated technology subsidiary.
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