Nucleus Software shares rally 18% to hit 52-week high as firm enters into partnership with Azentra Solusi Digital

Nucleus Software Exports shares rally 18% to hit a 52-week high of ₹827.30 apiece on Wednesday, June 10, as the firm said it is deepening its Indonesian presence through a strategic partnership with Azentra Solusi Digital.

Nucleus Software is a lending and transaction banking solutions provider to the global financial services industry. The partnership will further strengthen digital transformation capabilities for banks and financial institutions across Indonesia.

Through this partnership, Nucleus Software and Azentra will jointly support banks and financial institutions in modernising lending operations, enhancing transaction banking capabilities, improving operational agility, and building resilient digital banking ecosystems capable of supporting future growth.

The company in a statement said that the partnership marks the next phase of Nucleus Software's growth strategy in Indonesia, a market where the company has been serving banks and financial institutions for nearly two decades.

Established in 2017, Azentra Solusi Digital is a fast-growing digital transformation and technology solutions provider in Indonesia. As the country's financial services sector continues to evolve rapidly, the collaboration is designed to combine Nucleus Software's lending and transaction banking platforms with Azentra's strong local market expertise, consulting capabilities, and implementation strengths.

The partnership will also include joint go-to-market initiatives, executive roundtables, customer workshops, industry engagements, and capability-building programmes aimed at helping Indonesian financial institutions navigate the next phase of banking transformation.

Commenting on the deal, Nucleus Software Chief Business Officer Dr Apurva Chamaria said, “Indonesia has been an important market for Nucleus Software for nearly two decades and remains one of the most promising banking markets in South-east Asia. As financial institutions accelerate modernisation initiatives across lending and transaction banking, success increasingly depends on combining global technology capabilities with strong local execution. Our partnership with Azentra reflects our long-term commitment to Indonesia and our belief that transformation is most effective when world-class platforms are complemented by deep local expertise.”

The company also said that the alliance aligns with Nucleus Software's broader global partner ecosystem strategy focused on working closely with regional system integrators, consulting firms, and technology partners to deliver globally proven yet locally relevant transformation programmes for financial institutions.

As banks increasingly move towards intelligent, connected, and experience-led banking models, Nucleus Software and Azentra Solusi Digital will work together to help financial institutions create stronger digital foundations for growth, innovation, and long-term competitiveness.

“We are excited to partner with Nucleus Software and bring globally recognised banking technology capabilities to financial institutions across Indonesia. By combining Nucleus Software's deep domain expertise in lending and transaction banking with Azentra's understanding of local market dynamics and implementation capabilities, we are well-positioned to help banks accelerate transformation, improve customer experiences, and create long-term business value," said Remon Pelenkahu, Sales Director, Azentra Solusi Digital.

Indonesia is emerging as one of South-east Asia's dynamic banking markets, driven by increasing digital adoption, evolving customer expectations, regulatory modernisation, and growing demand for intelligent, scalable, and future-ready banking platforms.

Nucleus Software Exports share price

At 2:52 PM, Nucleus Software Exports shares were trading at ₹801.3 apiece on the National Stock Exchange, surging 14.34%.

Over the past five trading sessions, the stock has gained 10%. However, it has declined 13% over the last six months and is down over 14% since the beginning of the year.

According to NSE data, the company has a market capitalisation of ₹2,086.81 crore.