Aurionpro grabs deal from Delhi Metro Rail Co-Op

Technology services provider Aurionpro has grabbed a deal transit solutions deal from the Delhi Metro Rail Cooperation (DMRC). Under the deal, the Mumbai-based firm will deliver Automated Fare Collection (AFC) technology and manufactured solutions, including automated gates, validators, and card readers for various operational sectors across DMRC’s Phase I, II, and III networks. 

The AFC gates for this project will be fully manufactured in India at Aurionpro’s new facility in Ghaziabad, aligning with the government's "Make in India" initiative, the company said in a statement.

“The gates, validators, and payment card readers to be delivered under this project are robust, indigenously developed Aurionpro products. Following our recent success in Chennai, this win with Delhi Metro marks a significant milestone, highlighting our expanding footprint on the metro map of India and the globe,” said Sanjay Bali, President & Global Head — Tech Innovation Group.

To be sure, the company secured a contract from Chennai Metro Rail Corporation Limited (CMRL) to deliver automated fare collection (AFC) systems for Phase II of the Chennai Metro last month. Under this long-term contract, Aurionpro will provide the end-to-end delivery of station-level AFC systems, including design, manufacturing, supply, installation, testing, commissioning, training, and maintenance. The aim is to provide advanced, streamlined ticketing and fare management solutions.

In a separate but related news, Aurionpro announced the acquisition of French consulting firm Fenixys last week. The Paris-based provides capital markets services to leading banks and financial institutions across Europe and the Middle East; its acquisition is poised to strengthen Aurionpro's banking and fintech strategy.

The deal value is €10 million (approximately $10.4 million). This acquisition allows Aurionpro to continue its geographical expansion into Europe by leveraging Fenixys' experience of over 10 years in partnering with financial institutions undertaking IT transformations, as well as their deep relationships with major banks across Europe and the Middle East.