New Delhi, July 24: IIRIS Consulting, 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.
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.
Together with Dion’s trading, distribution and market data platforms, the combined organisation will serve financial institutions from transaction infrastructure through to fraud intelligence and compliance technology. 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.
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 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.
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.