Sahana System Limited received formal acknowledgement from Thailand’s Ministry of Finance for its financial infrastructure proposal. The company has been invited for discussions, marking progress in its cross-border fintech initiative with the Bank of Thailand and the Reserve Bank of India.
India's equity benchmarks opened flat on Monday, taking a breather after last week's gains driven by easing geopolitical tensions, improved global cues and renewed foreign inflows.
The Nifty 50 shed 0.01% to 25,637 points and the Sensex fell 0.05% to 84,024.65 as of 9:25 a.m. IST. The Sahana Systems share price was trading at ₹1,425 per share, up by 0.5%.
Sahana System Limited, a leading provider of IT Service Management solutions, has taken a major step in its strategic collaboration with Thailand’s financial ecosystem. The company has received formal communication from the Ministry of Finance, Royal Thai Government, acknowledging Sahana’s detailed proposal focused on enhancing the nation’s payment systems and promoting financial inclusion.
The official communication conveys appreciation for Sahana’s proactive engagement and clearly confirms that her initiative aligns with the Royal Thai Government’s broader strategic goals, particularly the emphasis on strengthening digital infrastructure and enhancing financial inclusion as key components of national economic development.
The Ministry of Finance has expressed its willingness to hold a meeting aimed at facilitating a direct referral or connection to the appropriate authorities. This will ensure that Sahana’s proposal is thoroughly reviewed by relevant experts. Additionally, the correspondence affirms that logistical preparations for the meeting will be managed, and a follow-up will be provided to Sahana at the earliest suitable time.
Commenting on this development, Mr. Pratik Kakadia, Managing Director of Sahana Systems Limited, stated: “The official acknowledgement and invitation for discussions from the Royal Thai Government. This engagement is a strong affirmation of our commitment to pioneering solutions for financial inclusion and digital advancement. This collaboration is poised to cultivate significant new avenues. We anticipate not only the unfolding of promising new relationships and strategic positioning within a key market, but also the deepening of our expertise and reach. These deliberations represent a vital step towards realising our long-term objectives and fostering sustained value.”
This official feedback represents a pivotal and formal progression in Sahana's strategic interface with key governmental stakeholders within Thailand. The company interprets this development as a profound corroboration of its innovative and forward-thinking approach, whilst concurrently perceiving it as a robust indicator of potential future collaborations poised to yield substantial benefits for the Thai financial sector and, commensurately, generate enduring value for Sahana's esteemed shareholders.
Sahana is actively working with all stakeholders to finalise the arrangements and initiate comprehensive discussions with the concerned authorities. The company remains committed to advancing this dialogue at the earliest opportunity.
Established in 2013 and headquartered in Ahmedabad, Gujarat, Sahana System Limited delivers advanced IT and product development services. Its core expertise spans Artificial Intelligence, Machine Learning, IoT, Business Intelligence, Blockchain, and IT outsourcing. The company serves clients across multiple verticals, including Fintech, Healthtech, Edutech, Defencetech, and Master System Integration.
Sahana holds CMMI Level 5 certification and is ISO 9001:2015 and ISO/IEC 27001:2013 certified, demonstrating its commitment to quality and data security. With a strong record of repeat business and long-term partnerships, Sahana is a trusted technology partner for government bodies, defence institutions, financial organisations, and large enterprises, continuously driving innovation and sectoral growth.
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Disclaimer: The article is for informational purposes only and not investment advice.
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