Regulatory tech trailblazer, TSS Consultancy, now proudly boasts a valuation of a staggering Rs 900 crore or $108 million. This remarkable feat comes on the heels of a momentous maiden funding round, orchestrated by the formidable WestBridge Capital.
The infusion of capital, though undisclosed, has set a clear course for TSS Consultancy. It will fuel their relentless pursuit of research and development, with a keen focus on the realm of artificial intelligence. This strategic move is set to breathe life into their SaaS offerings, with an ambitious plan to introduce innovative products targeted at the intricate domains of financial crime.
Navigating India’s Path to a Five Trillion Economy with Integrity
Founded amidst the bustling streets of Mumbai in 2008, TSS Consultancy stands as a vanguard and aims to be one of India’s biggest startups. At its core lies TrackWizz, a technological marvel designed to fortify financial institutions against the menacing specters of financial crime, most notably money laundering and surveillance. In a remarkable claim, TSS Consultancy asserts that TrackWizz finds application in brokerage firms accounting for a staggering 70% of daily trading volume on India’s major exchanges.
This impressive platform doesn’t stop at brokerage firms; it has also garnered the trust of India’s leading banks, NBFCs, and fintech juggernauts. Notable names like HDFC Securities, Axis Bank, and Zerodha have embraced its prowess.
In an awe-inspiring display of growth, TSS Consultancy has catapulted its revenues skyward by an astonishing 43%, reaching an impressive Rs 60 crore. The company’s ever-expanding footprint extends across India, South Africa, and the United States, where a formidable team of over 400 members tirelessly champions their cause.
A defining moment for TSS Consultancy was securing the distinction of being India’s inaugural regulatory tech start up to receive direct authorization for business operations within the prestigious GIFT City.
In the resounding words of Sagar Tanna, the visionary founder and CEO of TSS Consultancy, “As India marches steadfastly towards the illustrious five trillion economy mark, our government stands as a stalwart against unlawful financial activities. We are resolute in our mission to shield our financial systems and uphold the laws of the land.”
He further adds, “Our company’s unwavering commitment is to bolster financial institutions and embolden financial warriors to combat financial malfeasance with state-of-the-art technology and data intelligence, all while making judicious investments in the domains of money laundering, KYC, terrorist financing, and insider trading.”