Majority stake in Think Analytics acquired by Computer Age Management Services (CAMS)

The acquisition of a majority stake in Computer Age Management Services Ltd (CAMS), India’s top provider of technological infrastructure and services for the financial services sector.

A company that offers full-stack AI and data sciences is Think Analytics India Private Limited (Think360 AI).

CAMS Managing Director Anuj Kumar said, “With AI, Analytics, and data-led technologies becoming mainstream to solve problems and to transform and grow businesses, we found investing in Think360 AI as a good opportunity that will assist CAMS in building overall market reach and drive innovation in the rapidly growing BFSI and capital markets space”.

“The product and solution suite of Think360 AI is a great fit for our Account Aggregator offering, which will help us solidify our position as a digital public infrastructure. We were also impressed by the founding team’s journey of having bootstrapped, built, and scaled the company successfully”, he said.

Mr. Amit Das, Co-Founder & CEO of Think360 AI, said, “The Think360 AI team is excited to be a part of CAMS group, a company that has attained sustained leadership in the financial technology domain”.

“The synergy between CAMS and Think360 AI will essentially focus on bringing high-impact innovation across the financial services landscape and creating market-leading advantages for our clients. This will also fortify our ability to tap the immense potential of the Account Aggregator market”, he added.

“Collaboratively, we look forward to driving transformation in a true sense with new-generation technologies,” he said.