Virtual Galaxy Infotech Ltd

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About Virtual Galaxy Infotech Ltd

Virtual Galaxy Infotech Limited was originally incorporated as 'Virtual Galaxy Infotech Private Limited' as Private Company dated September 12, 1997 issued by the Registrar of Companies, Mumbai. Subsequently, the status of the Company was converted to a Public Limited Company and the name changed to 'Virtual Galaxy Infotech Limited' and a fresh Certificate of Incorporation upon change of the name was issued by the Registrar of Companies, Central Processing Centre on September 12, 2024. The Company began with a clear focus to develop technology-driven solutions for the banking sector, establishing its headquarters in Nagpur, Maharashtra, which remains the operational nerve center of the organization to this day. Under the leadership of Avinash Narayanrao Shende and Sachin Purushottam Pande, the Company built a diverse clientele including banks, microfinance institutions and non-banking financial companies (NBFCs). Their clientele includes commercial bank, state cooperative banks, urban cooperative banks, district central cooperative banks, cooperative societies, NBFCs, Savings and Credit Cooperative Societies (SACCOs) under BFSI Sector, various corporate clients under Sugar Industry, Solvex, Textiles, Fertilizer & Seed Industry, Education etc. The Company is engaged in providing Core Banking Software Solution, ERP Implementation and Customized Software Solutions Development, IT Solutions & Services for the BFSI, ERP, and E-Governance, Banking & Finance, Web Service, Clou ...d Computing, Data Management & System Integration domains. They are primarily involved in development, customization, installation, and implementation of software applications, along with comprehensive post-implementation support, monitoring, and maintenance services for the delivered solutions. These services cover consultation, architecture, solution design, implementation, monitoring and managed services. Founded in 1997 in Nagpur, Company has been delivering secure core banking solutions within a seamlessly integrated banking and financial ecosystem. The flagship product, E-Banker is a core banking solution designed specifically for banks, societies, and NBFCs. It is available 'on-premises with infrastructure' i.e. it offers the flexibility to customer to deploy E-Banker on their own premises with customized infrastructure. Alternatively, it is also available as off-the-shelf banking software solution in a 'Software as a Service' (SaaS) model. This covers bundled solutions of software and hosting infrastructure on a rental basis for those preferring a hassle-free solution. In addition, the Company offer IBS-ERP, an ERP solution tailored for small and mid-sized enterprises, and e-APMC, an e-governance software developed for Agricultural Produce Market Committees (APMCs) and government organizations. In 2011, the Company built owned Data Centre. It launched IBS (Integrated Business Suite) an ERP product for various industries like textile, sugar, steel, solvex, etc. The Company launched IBS- ERP software (Currently known e-Autopsy software) for forensic department of Government Medical College in 2016. It got into first International CBS project with Commercial Bank in Tanzania. Recently, the Company has expanded product portfolio with V-Pay, a comprehensive enterprise digital payment solution, V-SOC, E-Autopsy Software, VGST and LOS (Loan Origination System / Module). The Company launched its Initial Public Offering of 65,70,000 Equity Shares of face value Rs 10 each by raising funds aggregating to Rs 93.29 Crore through fresh issue in May, 2025. The Company diversified the business activity into ERP and enterprise solutions in FY 2025. It established a sophisticated hybrid business model that combines Software-as-a-Service (Saas) offerings with traditional enterprise software solutions. positioning the company as a versatile technology partner for financial institutions and corporations in FY 2025.

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