CHANGE AGENT

Jocata, led by Prashant Muddu, has emerged as the winner in the Best Fintech in Value Added Services category thanks to its innovative solutions

- RIDDHIMA BHATNAGAR

BE IT PRIVATE BANKS like Axis Bank or ICICI Bank or foreign banks, they're all using Jocata's solutions.

The numbers speak for themselves. This Hyderabad-headquartered fintech firm has empowered financial institutions to achieve a 60% reduction in loan processing costs, over 80% faster credit decisioning, a 50% boost in sales productivity, and an average 3x growth in cumulative loan portfolios, according to the company.

Founded in 2010 by Managing Director and Chief Executive Officer Prashant Muddu, Jocata is a business-to-business (B2B) digital transformation partner for the BFSI (banking, financial services, and insurance) industry, offering solutions to more than 50 large financial institutions.

Thanks to these collaborations, it has delivered good performance in recent times. Jocata has reported an annual turnover of over ₹126 crore in FY24. It processes more than 50 million loan applications and facilitates