Acquisition
combines IIRIS's technology-led risk management capabilities with Dion's
fintech platform serving over 250 banks, brokers and wealth managers.
New Delhi, 24 July
2026 : IIRIS
Consulting (Indus IntelliRisk and IntelliSense Services Private Limited), a
technology-driven firm specialising in digitisation, tech-enabled risk
management solutions and knowledge process outsourcing, has acquired Dion Global
Solutions Limited, a publicly listed fintech company that has served banks,
stockbrokers and wealth managers in India and international markets for over
three decades. The acquisition follows the approval of IIRIS's resolution plan
by the National Company Law Tribunal on 21 July 2026, and implementation is now
underway.
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 of over 250 institutions includes HDFC Bank, Canara Bank,
Sharekhan, JM Financial, Indiabulls Ventures, IIFL, Jhaveri Securities, Equitas
Small Finance Bank and BgSE Financials Limited, precisely the market these
products are built to serve.
Mr 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 automation for transactions, risk and
compliance with clear auditable trail and accountability. IIRIS is committed to
not only take Dion to the international geographies where IIRIS is operating
but also create new products under Dion umbrella.”
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.
- IntelliTracker digitises fraud complaint and
criminal case monitoring in line with RBI reporting requirements.
- AI Fraud Classification
Assistant classifies
fraud cases using each bank’s own procedures and frameworks.
- Asset Tracing Automation converts land and property
records into actionable recovery intelligence.
- Risk Dashboard gives institutions
multi-tenant, location-wise visibility of risk across their entire
network.
- DPDP Consent Management
Platform manages
data protection consent and compliance obligations end to end.
- IIRIS Audit digitises audit operations from
planning through to reporting.
- DigiMemoir is a digital visitor book that
preserves the messages of dignitaries as institutional memory.
Ms 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 India, the Middle East, Europe and Asia. This opens markets that Dion’s
platforms have not yet reached, and IIRIS is committed to taking Dion into
these new geographies while investing in the next generation of products for
the combined client base.
