UST Secures Rs 500 Crore Digital Transformation Deal with Muthoot FinCorp

• UST has secured a digital transformation deal worth over Rs 500 crore from Muthoot FinCorp Ltd and other Muthoot Pappachan Group companies.
• The six-year engagement, running until 2031, will modernize technology across eight Muthoot Pappachan Group entities.
• The deal covers 22 service towers and supports operations across more than 4,200 branches in 29 states.
• UST has partnered with Muthoot Pappachan Group since 2020, focusing on infrastructure, cloud, and security.
• The partnership aims to modernize IT infrastructure, strengthen cybersecurity, and enhance service delivery for Muthoot FinCorp.

Why It Matters: UST bagged a significant Rs 500 crore-plus deal to digitally transform Muthoot FinCorp and its group firms.