Slide 1: Exchange filing cover letter
Tel. No: +91 22 4962 0337 Emai l ID: compliance.corp@kfintech.com Website: https://www.kfintech.com April 28, 2025 CS&G/STX/JQ2025/19 1) National Stock Exchange of India Limited 2) BSE Limited Exchange Plaza, C-1, Block G, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Bandra (E), Dalal Street, Mu
Slide 2: Resilient performance amidst volatile market: press release
RESILIENT PERFORMANCE AMIDST VOLATILE MARKET, AIDED BY STRONG AND DIVERSIFIED REVENUE GROWTH AND PROFITABILITY Mumbai, April 28, 2025: KFin Technologies Limited announced its financial results for the quarter and year ended 31st March 2025 today. Financial Highlights – Q4FY25 − Revenue from operatio
Slide 3: About KFin Technologies Limited
About KFin Technologies Limited (www.kfintech.com/; BSE: 543720; NSE: KFINTECH): KFin Technologies Limited (“KFintech”) is a leading technology driven financial services platform providing comprehensive services and solutions to the capital markets ecosystem including asset managers and corporate is
Slide 4: KFin Technologies Limited Q4 & FY24-25
KFin Technologies Limited Investor Presentation Q4 & FY24-25 (for the quarter & year ended March 31, 2025) - KFINI~C.T ti EXPERIENCE T
Slide 5: Safe Harbour Statement
Safe Harbour Statement This presentation may contain certain forward-looking statements concerning the Company’s future business prospects and business profitability, which are subject to a number of risks and uncertainties and the actual results could materially differ from those in such forward-lo
Slide 6: Today's Presenters
Today’s Presenters Venkata Satya Naga Sreekanth Nadella Vivek Narayan Mathur Amit Murarka Managing Director and Chief Financial Officer Head of Global Business Finance, Chief Executive Officer M&A, and Investor Relations 3 KFin Technologies Limited, Investor Presentation Q4 FY25
Slide 7: Agenda
1. Company Overview 2. Key Highlights 3. Industry Highlights 4. Business Highlights 5. Financial Highlights 6. Team & Shareholding KFINTECH EXPERIENCE TRANSFORMATION
Slide 8: KFintech: At a Glance
KFintech: At a Glance Scaled global platform with integrated FA and RTA capabilities - Strong track record of growth and leadership Investor Solutions – Domestic Mutual Funds Largest 262 out of 512 Won 174 out of 305 339 Investor Solution provider to AMCs in India; ₹21.9 tn AAUM3 Last new AMCs launc
Slide 9: Key Highlights
1. Company Overview 2. Key Highlights 3. Industry Highlights 4. Business Highlights 5. Financial Highlights 6. Team & Shareholding KFINTECH EXPERIENCE TRANSFORMATION
Slide 10: Key Highlights
Key Highlights Resilient performance amidst volatile market, aided by strong and diversified revenue growth and profitability Q4FY25: Revenue growth at 24% y-o-y; EBITDA growth at 17% y-o-y and margins at 43.2%; PAT growth at 14% y-o-y and margins at 30.1% FY25: Revenue growth at 30% y-o-y; EBITDA g
Slide 11: Industry Highlights
1. Company Overview 2. Key Highlights 3. Industry Highlights 4. Business Highlights 5. Financial Highlights 6. Team & Shareholding KFINTECH EXPERIENCE TRANSFORMATION
Slide 12: India Performance
India Performance Overall AAUM1 Equity AAUM 1 Monthly SIP inflows Folios (₹ trillion) (₹ trillion) (in million) Total Equity SIP +24.6% y-o-y +27.6% y-o-y (₹ billion) -1.7% q-o-q -3.3% q-o-q 235 259.3 Mutual Fund2 164 67.4 38.3 130 54.1 30.1 ------~ 123.3 101 38.4 40.5 86 32.1 18.4 20.3 53 13.3 Sep-
Slide 13: Business Highlights
1. Company Overview 2. Key Highlights 3. Industry Highlights 4. Business Highlights 5. Financial Highlights 6. Team & Shareholding KFINTECH EXPERIENCE TRANSFORMATION
Slide 14: Domestic Mutual Fund investor solutions
Domestic Mutual Fund investor solutions: Focus on mid-size, equity-oriented AMCs, providing significant sustainable advantage Overall AAUM 1 & market share2 AAUM1 Growth AAUM1 Market Share2 (₹ trillion) ; ,---------------, ' 31.5% 31.7% 32.4% I I KFintech ' \ Industry Q4FY24 Q3FY25 Q4FY25 25. 0 27.5
Slide 15: Issuer solutions - Maintaining the leadership position
Issuer solutions - Maintaining the leadership position No of corporate clients1 No of investor folios1 ▪ 944 clients added during Q4; 1916 clients during FY25 +31.6% y-o-y (in million) +32.1% y-o-y +13.4% q-o-q +5.0% q-o-q ▪ 7.8 million folios added during Q4; 39.9 million during FY25 164 ▪ New RTA
Slide 16: International investor solutions: Expanding global footprints
International investor solutions: Expanding global footprints Growing global footprint No of clients1 Solutions No of Contracts RTA 60 76 Fund 40 57 Administration Canada (1) FY24 FY25 Middle East (1) Gift City (29) IndiaThailand Hong Kong (1) X new clients added Number of clients (1) • • Malaysia P
Slide 17: Other investor solutions: Younger & faster growing businesses
Other investor solutions: Younger & faster growing businesses No of Funds serviced by +20.6% y-o-y AAUM1 +47.2% y-o-y Alternates & Wealth KFintech1 +6.4% q-o-q (₹ billion) +3.3% q-o-q ▪ Total no of funds1 at 569, market share2 at 36.8% ▪ Won 34 new AIF funds including from ValueQuest Investment, 569
Slide 18: Financial Highlights
1. Company Overview 2. Key Highlights 3. Industry Highlights 4. Business Highlights 5. Financial Highlights 6. Team & Shareholding KFINTECH EXPERIENCE TRANSFORMATION
Slide 19: Financial Performance
Financial Performance Particulars Q4FY25 % Change FY25 % Change 23.8% y-o-y Revenue from Operations 2,827.0 10,907.5 30.2% y-o-y 2.5% q-o-q 16.9% y-o-y EBITDA* 1,222.5 4,790.0 30.7% y-o-y 6.4% q-o-q 256 bps y-o-y EBITDA Margin (%) 43.2% 43.9% 14 bps y-o-y 177 bps q-o-q 14.2% y-o-y PAT 850.5 3,326.3
Slide 20: Quarterly Financial Trend
Quarterly Financial Trend Revenue from Operations EBITDA & Margin PAT & Margin 23.8% Y-o-Y 16.9% Y-o-Y 14.2% Y-o-Y 45.8% 45.1% 45.0% 32.6% 31.8% 43.2% 31.1% 30.1% 42.0% 28.7% 2,805 2,900 2,827 902 893 851 2,283 2,376 745 681 1,265 1,306 1,223 1,046 997 \ Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 I \ Q4FY24
Slide 21: Yearly Financial Trend
Yearly Financial Trend ; ; .,,,.-- -- ' I ; ' \ \ I \ I \ Revenue from Operations EBITDA & Margin I PAT & Margin I 30.2% Y-o-Y 30.7% Y-o-Y 35.2% Y-o-Y 10,908 44.1% 45.0% 43.8% 43.9% 41.4% 29.4% 30.5% 27.2% 8,375 23.8% 23.2% 7,200 6,395 3,326 4,811 4,790 2,460 3,666 1,957 2,879 2,980 1,485 2,124 1,14
Slide 22: Consolidated Financial Summary
Consolidated Financial Summary Particulars Q4FY25 Q3FY25 Q-o-Q Q4FY24 Y-o-Y FY25 FY24 Y-o-Y Revenue Domestic Mutual Fund Investor Solutions 1,969.8 2,053.5 -4.1% 1,590.1 23.9% 7,704.0 5,769.5 33.5% Issuer Solutions 390.7 402.7 -3.0% 286.8 36.2% 1,404.0 1,104.9 27.1% International & Other Investor So
Slide 23: Team & Shareholding
1. Company Overview 2. Key Highlights 3. Industry Highlights 4. Business Highlights 5. Financial Highlights 6. Team & Shareholding KFINTECH EXPERIENCE TRANSFORMATION
Slide 24: Leadership Team
Leadership Team Venkata Satya Naga 22+ years of experience Sreekanth Nadella Vivek Narayan 28+ years of experience Previously served as Managing Director at Managing Director Mathur Previously worked at Bharti BT Internet, American Accenture Services and Transformation manager at and Chief E
Slide 25: Board of Directors
Board of Directors Vishwanathan Mavila Ex-CMD of Union Bank of India & Ex-Chairman IBA; Director of TransUnion CIBIL Chetan Savla President – Sustainability and Strategic Projects at Kotak Nair (Non-Executive Mahindra Bank Limited. (Chairman and Non- Ex-Non-Executive Chairman of SWIFT India Do
Slide 26: Shareholding Pattern: as on 31st March 2025
Shareholding Pattern: as on 31st March 2025 Stock information BSE Ticker 543720 Others NSE Symbol KFINTECH 24.2% Face Value (₹) 10.00 No. of shares outstanding 17,20,75,517 Free Float 9,17,86,234 Depositories, Clearing Houses and Other Industry Intermediaries FPIs 22.6% Promoters (General Atlantic)
Slide 27: Acquisition of Ascent Fund Services
Acquisition of Ascent Fund Services KFINTECH EXPERIENCE TRANSFORMATION
Slide 28: KFin Technologies Ltd to acquire Ascent Fund Services (Singapore)
KFin Technologies Ltd to acquire Ascent Fund Services (Singapore) Pte. Ltd ▪ Founded in 2019, Ascent Fund Services (Singapore) Pte. Ltd. (Ascent) is an independent full-suite global fund administrator, servicing alternative investment funds across 18 countries, with strong domain expertise backed by
Slide 29: Ascent | At a glance
Ascent | At a glance A Singapore-headquartered, technology driven global fund administrator with strong growth and high recurring revenue, widespread international footprints with diverse clientele across investment strategies r The Company ·-----------: Scale of operations --------: r -- - - -- Fin
Slide 30: Ascent | Introduction
Ascent | Introduction Founded in 2019, Ascent is one of the fastest-growing independent fund administrators headquartered in Singapore specialising in offering customised solutions tailored to the asset manager's needs Business Snapshot • Offers Fund Solutions, Corporate Solutions and End-client Bro
Slide 31: Ascent | One-stop solution for asset managers
Ascent | One-stop solution for asset managers, centralizing their fund accounting, corporate services, investor onboarding & other compliance needs Corporate Solutions offers corporate solutions catering to its clients with domestic fund structures as well as SMEs: - Corporate Accounting - Financial
Slide 32: Ascent | Operates across the investment fund value chain
Ascent | Operates across the investment fund value chain Strategically positioned to offer a full suite of fund administration services, covering an expanding range of asset classes across the fund value chain Fund Value Chain Digital Valuation & Fund Setup Transfer Agent Compliance Onboarding Accou
Slide 33: Ascent | On-ground presence across 13 countries
Ascent | Well established on-ground presence across 13 countries to provide regional expertise and direct interaction with clients and respective local regulators backed by requisite licenses Overview of Licenses Global Presence of Clients Governing Body Country Year Obtained License Type Singapore
Slide 34: Ascent | Experienced Management team
Ascent | Experienced Management team with strong domain expertise Kaushal Mandalia Jaideep Mukhariya Samuel Chen Group Executive Chairman Group Chief Executive Officer Group Chief Operation Officer 20+ yrs 20+ yrs 20+ yrs experience experience experience ~ "· ~ 121 CITCO BNP ''• HSBC Spectrum A p E
Slide 35: Ascent | Winning formula
Ascent | Winning formula Ascent delivers exceptional client service through its combination of best-in-class technology, deep-domain expertise and robust processes Integrated technology Innovation at its core Highly configurable system which enables Continual enhancement and optimization of clients
Slide 36: Ascent | KPIs in Numbers
Ascent | KPIs in Numbers EoP Number of Funds under Administration EoP Assets under Administration # Funds US$ Billion +69% +99% +156% 576 24.0 494 20.7 +57% 200 302 341 re>-. 6.7 +21% 8.1 12.1 ' FYE-Jul’22 FYE-Jul’23 FYE-Jul’24 H1E-Jan’24 H1E-Jan’25 FYE-Jul’22 FYE-Jul’23 FYE-Jul’24 H1E-Jan’24 H1E-Ja
Slide 37: Ascent | Investment Rationale
Ascent | Investment Rationale Global fund administration is a large market opportunity driven by strong tailwinds in the global alternate and private client sectors, and annuity fee-based sticky contracts. The investment will position KFintech as a formidable global fund administrator, backed by Asc
Slide 38: KFintech + Ascent | Tailor-made solutions for asset managers
KFintech + Ascent | Among the very few global fund administrators to offer tailor- made solutions to asset managers using proprietary platforms Global Alternatives • Acquisition helps deepen presence in Southeast Asia and opens opportunities to expand into larger fund administration markets such as,
Slide 39: KFintech <> Ascent | Deal Construct and Timeline
KFintech <> Ascent | Deal Construct and Timeline Transaction Timeline Year-3 from signing Year-4 from signing Year-5 from signing April 2025 ~July/August 2025 ~Q3 CY 2028 ~Q3 CY 2029 ~Q3 CY 2030 l l l l l Signing of Definitive Closing/ Immediate Follow-on Follow-on Follow-on Agreements Investment Tr
Slide 40: Ascent | Fund Administration Competitive Landscape
Ascent | Fund Administration focused players | Competitive Landscape Ascent Peer 1 Peer 2 Peer 3 Peer 4 Peer 5 Peer 6 Peer 7 Peer 8 Peer 9 US, APAC, US, APAC, Presence Location Global Global Global US, SG Global US, SG Global US EU EU Size AUA (US$) 24B 960B ND 1.8T 25B ND 160B 180B 45T 37B Open End
Slide 41: Ascent | Corporate Solutions Competitive Landscape
Ascent | Corporate Solutions focused players | Competitive Landscape Ascent Peer 1 Peer 2 Peer 3 Peer 4 Peer 5 Peer 6 Peer 7 Presence Location Global Global US, SG APAC Global Global US, APAC, EU Global Size AUA (US$) 24B 1.8T ND ND 460B ND ND ND Open Ended ✓ ✓ ✓ ✓ Close Ended ✓ ✓ ✓ ✓ ✓ ✓ ✓
Slide 42: Appendix
Appendix KFINTECH EXPERIENCE TRANSFORMATION
Slide 43: Our Journey So Far
Our Journey So Far ◼ Launch of Issuer ◼ Launch of Alternative and ◼ Launch of Pension ◼ General Atlantic ◼ New CEO appointed ◼ Acquired Solutions Business Wealth Management Services Business buyout Hexagram (fund ◼ Acquired Sundaram BNP Paribas Business accounting) Fund Services RTA1 business ◼ List
Slide 44: Our Growth Strategies
Our Growth Strategies Maintain market leadership by further deepening Attract and retain talent relationship with existing clients 6 1 Building Expand client base and market share Pursue strategic acquisitions 5 blocks of 2 through enhanced sales and marketing growth 4 3 Focused, selective internati
Slide 45: Thank You!
Thank You! 42 KFin Technologies Limited, Investor Presentation Q4 FY25
Slide 46: Fact Sheet Q4FY25 & FY25
Fact Sheet Q4FY25 & FY25 2Q Q4FY25 ₹ 2,827.0 million ₹ 4.91 ₹ 1,222.5 million ₹ 850.5 million Revenue EPS EBITDA PAT +23.8% Y-o-Y +13.6% Y-o-Y Margin at 43.2% Margin at 30.1% -2.5% Q-o-Q -5.7% Q-o-Q FY25 ₹ 10,907.5 million ₹ 4,790.0 million ₹ 3,326.3 million ₹ 19.27 Revenue EBITDA PAT EPS +30.2% Y-o
Slide 47: Fact Sheet: Domestic Mutual Fund and Issuer Solutions
Domestic Mutual Fund Investor Solutions Q4FY25 Q3FY25 Q4FY24 FY25 FY24 SIP book AAUM market share 31.8% 32.1% 31.5% 31.8% 31.5% (last quarter of the period) SIP live folios (million) 43.4 44.0 35.5 43.4 35.5 (end of the period) No of Transactions (million) 134.3 134.5 100.6 503.4 345.4 (for the peri
Slide 48: International and Other Investor Solutions: Pension Services
International and Other Investor Solutions: Pension Services Q4FY25 Q3FY25 Q4FY24 FY25 FY24 No of Subscribers 16,17,572 14,85,769 12,21,900 16,17,572 12,21,900 Market share - on subscribers' base 9.8% 9.4% 8.3% 9.8% 8.3% (end of period) Number of Corporates clients 3,337.0 2,939.0 2,327.0 3,337.0 2,
Slide 49: Consolidated Income Statement
Consolidated Income Statement (₹ million) Q4FY25 Q3FY25 Q4FY24 FY25 FY24 Domestic Mutual Fund Investor 1,969.8 2,053.5 1,590.1 7,704.0 5,769.5 Solutions Issuer Solutions 390.7 402.7 286.8 1,404.0 1,104.9 International & Other Investor 410.8 378.1 353.1 1,555.1 1,231.8 Solutions Net Sale of Services
Slide 50: Independent Auditor's Report
Salarpuria Knowledge City, Orwell B S R and Co B Wing, 6th Floor, Unit-3, Sy No. 83/1 Plot No. 02, Raidurg Chartered Accountants Hyderabad – 500 081, India Telephone + 91 407 182 2000 Fax + 91 407 182 2399 Independent Auditor’s Report To the Board of Directors of KFin Technologies Limited Report on
Slide 51: Independent Auditor's Report (Continued)
B S R and Co Independent Auditor’s Report (Continued) KFin Technologies Limited 12 MFC Technologies Private Limited India Joint Venture b. are presented in accordance with the requirements of Regulation 33 of the Listing Regulations in this regard; and c. give a true and fair view in conformity with
Slide 52: Independent Auditor's Report (Continued)
B S R and Co Independent Auditor’s Report (Continued) KFin Technologies Limited thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The respective Management and Board of Directors of the companies/ entities included
Slide 53: Independent Auditor's Report (Continued)
B S R and Co Independent Auditor’s Report (Continued) KFin Technologies Limited – Evaluate the overall presentation, structure and content of the consolidated annual financial results, including the disclosures, and whether the consolidated annual financial results represent the underlying transacti
Slide 54: Independent Auditor's Report (Continued)
B S R and Co Independent Auditor’s Report (Continued) KFin Technologies Limited were subject to limited review by us. For B S R and Co Chartered Accountants Firm’s Registration No.:128510W Digitally signed by AMIT AMIT KUMAR KUMAR BAJAJ Date: 2025.04.28 BAJAJ 17:54:36 +05'30' Amit Kumar Bajaj Partne
Slide 55: Independent Auditor's Report (Standalone)
Salarpuria Knowledge City, Orwell B S R and Co B Wing, 6th Floor, Unit-3, Sy No. 83/1 Plot No. 02, Raidurg Chartered Accountants Hyderabad – 500 081, India Telephone + 91 407 182 2000 Fax + 91 407 182 2399 Independent Auditor’s Report To the Board of Directors of KFin Technologies Limited Report on
Slide 56: Independent Auditor's Report (Continued)
B S R and Co Independent Auditor’s Report (Continued) KFin Technologies Limited standalone financial statements related to potential claims by the Client (including dividends on such shares for the earlier periods). Pending the final settlement of terms to be agreed with the Client, the Company has
Slide 57: Independent Auditor's Report (Continued)
B S R and Co Independent Auditor’s Report (Continued) KFin Technologies Limited in place and the operating effectiveness of such controls. – Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures in the standalone annual financ
Slide 58: Statement of audited consolidated financial results
KFin Technologies Limited CIN: L72400MH2017PLC444072 Registered office address: 301, The Centrium, 3rd Floor, 57, Lal Bahadur Shastri Road, Nav Pada, Kurla (West), Mumbai- 400070, Maharashtra Statement of audited consolidated financial results for the quarter and year ended March 31, 2025 (~. in mil
Slide 59: Operating segments: Consolidated
Operating segments: (~- in millions) Consolidated SI. Quarter ended For the year ended Particulars No. March 31, 2025 December 31, 2024 March 31, 2024 March 31, 2025 March 31, 2024 (Audited - Refer Note 3) (Unaudited) (Audited - Refer Note 3) (Audited) (Audited) I Segment revenue Domestic mutual fun
Slide 60: Notes to consolidated results
KFin Technologies Limited Notes: 1. The above consolidated financial results of KFin Technologies Limited ("the Parent Company"/ "the Company"), its subsidiaries and its employee welfare trust (the Company, its subsidiaries and its employee welfare trust together referred to as "the Group") and its
Slide 61: Notes (continued)
KFin Technologies Limited Notes (continued): 9. The statement of audited consolidated financial results include the results of the following: i) Parent: a) KFin Technologies Limited ii) Subsidiaries: a) KFin Technologies (Bahrain) W.L.L. b) KFin Technologies (Malaysia) SDN. BHD. c) KFin Services Pri
Slide 62: Statement of audited standalone financial results
KFin Technologies Limited CIN: L 72400MH2017PLC444072 Registered office address: 301, The Centrium, 3rd Floor, 57, Lal Bahadur Shastri Road, Nav Pada, Kurla (West), Mumbai- 400070, Maharashtra Statement of audited standalone financial results for the quarter and year ended March 31, 2025 (t. in mill
Slide 63: Notes to standalone results
KFin Technologies Limited Notes: I. The above standalone financial results ofKFin Teclmologies Limited ("the Company") have been prepared in accordance with and comply in all material aspects with the Indian Accounting Standards (Ind AS) notified under Section 133 of the Companies Act, 2013 ("the Ac
Slide 64: Statement of Audited Standalone and Consolidated Balance Sheet
KFin Technologies Limited CIN: L 72400MH2017PLC444072 Registered office address: 301, The Centrium, 3rd Floor, 57, Lal Bahadur Shastri Road, Nav Pada, Kurla (West), Mumbai- 400070, Maharashtra Statement of Audited Standalone and Consolidated Balance Sheet (~. in millions) Standalone Consolidated As
Slide 65: Statement of Cash flows
KFin Tedmologies Limited CIN: L 72400MH20l 7PLC444072 Registered office address: 301, The Centrium, 3rd Floor, 57, Lal Bahadur Shastri Road, Nav Pada, Kurla (West), Mumbai-400070, Maharashtra Statement of Audited Standalone and Consolidated Statement of Cash flows (<. in millions) Standalone Consoli