IIRIS Consulting acquires publicly

IIRIS Consulting (Indus IntelliRisk and IntelliSense Services Private Limited) has acquired Dion Global Solutions Limited, a publicly listed fintech company. The acquisition follows the approval of IIRIS's resolution plan by the National Company Law Tribunal on 21 July 2026.The acquisition marks IIRIS's entry into the listed company space and gives its IntelliFuture suite of AI-enabled products an immediate route to market. Dion's customer base includes HDFC Bank, Canara Bank, Sharekhan, JM Financial, Indiabulls Ventures, IIFL, Jhaveri Securities, Equitas Small Finance Bank and BgSE Financials Limited.Under the terms of the resolution plan, which carries a total value of Rs 802.93 lakh, IIRIS has infused fresh capital into Dion Global through the subscription of 50,00,000 equity shares of Rs 10 each. The acquisition gives IIRIS a listed platform and an installed base across India’s banking and capital markets ecosystem, and the firm intends to invest further in Dion’s technology, people and product roadmap as the combined business scales.Garry Singh, President, IIRIS Consulting, said, “Every conversation we have with a bank, a broker or a wealth manager today is about digitisation. Institutions want risk, compliance and case management to run on technology rather than on paper, and IIRIS made a deliberate decision to build for that shift. This acquisition positions us exactly where the market is heading. We move from being a risk firm that built technology to a technology company with three decades of financial markets infrastructure under its roof.”At the centre of the combined offering is the IntelliFuture suite, a family of seven AI-enabled products built from IIRIS’s investigation and risk experience.Sagarika Chakraborty, Co-Founder and Chief Executive Officer, IIRIS Consulting, said, “IIRIS built its name on investigations, forensic intelligence and risk advisory delivered as a service, and we converted that experience into the IntelliFuture suite of AI-enabled products covering fraud classification, case tracking, asset tracing and risk visibility. Dion completes the picture. Its platforms already sit inside more than 250 banks, brokers and wealth managers, which means the intelligence we once delivered as reports can now live as a capability inside our clients' own systems. Our immediate focus is a seamless transition for Dion's clients and employees.”IIRIS also brings an international footprint, with offices and products deployed across Middle East, Europe and Asia. Get the latest technology news and updates. Download the TOI App.