Paisalo Digital (NSE:PAISALO) informed stock exchanges on August 14, 2026, that it has executed a Memorandum of Understanding with Chakrawiu Gannlalen Company Limited to provide technology and AI services, with the engagement expected to generate approximately Rs 4 crore to Rs 5 crore in other income per annum.
Key Highlights
- Paisalo Digital signed an MOU dated August 14, 2026, with Chakrawiu Gannlalen Company Limited for technology and AI services delivery.
- The scope of services covers software development, digital platform development, data processing, technology consulting, system integration, process automation, infrastructure management, and technical support.
- Paisalo will also share its AI-related expertise with Chakrawiu to support development and implementation of relevant technology solutions under the agreement.
- The engagement is expected to generate other income of approximately Rs 4 crore to Rs 5 crore per annum, based on the current scope disclosed in the filing.
About the Company
Paisalo Digital Limited (NSE:PAISALO), headquartered in New Delhi, is a systemically important non-deposit-taking NBFC registered with the Reserve Bank of India. The company focuses on providing credit and financial services to small borrowers, self-help groups, and micro-enterprises across rural and semi-urban India, and has expanded into digital lending and fintech-enabled services in recent years.
Announcement in Detail
Pursuant to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Paisalo Digital disclosed the execution of an MOU dated August 14, 2026, with Chakrawiu Gannlalen Company Limited. Under the agreement, Paisalo will provide technology services and AI support to Chakrawiu in connection with its digital services business.
The defined scope includes software and digital platform development, data processing, technology consulting, system integration, process automation, technology infrastructure management, technical support, and related training services. In addition, Paisalo will share its AI-related learnings and expertise with Chakrawiu to support the development and implementation of relevant technology solutions. The filing states the engagement is expected to generate other income of approximately Rs 4 crore to Rs 5 crore per annum for Paisalo, based on the current scope of services.
Impact on Investors
Investors will note that the disclosed income range of Rs 4 crore to Rs 5 crore per annum represents a contribution to Paisalo's other income line rather than its core lending revenue. The filing shows the income projection is based on the current scope of services, meaning any change in scope could alter the actual realisation. Shareholders will observe that the MOU introduces a technology services revenue stream that is distinct from the company's primary NBFC lending business.
The disclosed terms indicate no equity stake, share issuance, or dilution is involved in this arrangement. The filing does not specify a fixed contract tenure or minimum revenue commitment, which investors will note introduces variability in the projected income figure.
Sector / Market Context
India's NBFC sector has seen increasing adoption of AI and digital technology platforms to improve credit underwriting, collections, and customer onboarding efficiency. According to RBI data, NBFCs collectively held over Rs 38 lakh crore in assets under management as of recent filings, with digital-first lenders representing a growing share. Technology-led diversification into services and consulting has emerged as a secondary income avenue for select fintech-enabled NBFCs, reflecting the broader trend of financial institutions monetising proprietary technology capabilities built for internal use.