Nagarro joins forces with Techmill Global

SINGAPORE – EQS
Newswire – 21 January 2022 – Nagarro, a global leader in digital engineering,
has reached an agreement with the shareholders of Singapore-headquartered
Techmill Global Pte Ltd, a front runner in fintech services, to bring the
companies together.

The Techmill group, founded by Harihara Gopinath Sharath and Vishwanath
Rajashekarappa in 2008, has over 180 employees across the world, with the
majority in India. It counts several leading banks among its customers.
Techmill is a partner of Temenos, the global leader in financial technology for
better banking. In 2021 the group’s revenue was in the high single-digit
million Euro range.

For Nagarro, the transaction strengthens its capabilities in its Banking and
Financial Services vertical and supports the development of its fast-growing
Rest of World segment, particularly with the presence in Australia.

Surya Vedula, Managing Director at Nagarro, states: “I would
like to congratulate our new colleagues from Techmill for the way they have
built a great company around a core area of expertise. We have been in touch
with them for some months now and have come to value their knowledge and
perspectives. We welcome them into the global Nagarro family.”

Vishwanath and Sharath, Founder Directors at Techmill, make this joint
statement: “We are very happy to associate ourselves with Nagarro, with
its humane approach towards people and entrepreneur-friendly environment. With
the market breadth and reach of Nagarro added to Techmill’s niche financial
expertise, we can reach new heights in the BFSI vertical.”