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Home > Founder Thesis > The Story Behind UPI, And What's Next: ONDC, BBPS & ULI with Deepak Thakur (NPST)
Podcast: Founder Thesis
Episode:

The Story Behind UPI, And What's Next: ONDC, BBPS & ULI with Deepak Thakur (NPST)
Category: Business
Duration: 02:21:46
Publish Date: 2025-06-06 06:30:00
Description:

"When UPI happened, it was like, very clear now, this is something that will change everything." 

 This powerful statement from Deepak Chand Thakur encapsulates the monumental shift the Unified Payments Interface has brought to India's financial landscape. It wasn't just another payment system; it was a revolution that reshaped commerce, financial access, and technological innovation —a revolution that Deepak and NPST have been at the heart of.  

Deepak Chand Thakur is the Co-Founder and Chief Executive Officer (CEO) of Network People Services Technologies Ltd. (NPST). He has guided NPST from a bootstrapped startup to a publicly listed entity on the mainboards of the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). Under his leadership, NPST achieved FY24 revenues of ₹130.08 crore, a 216% year-on-year increase, and a net profit surging by 310% to ₹26.71 crore. The company's SME IPO in 2021, which Deepak recounts was valued at ₹50 crore, saw it deliver approximately 9000% returns to its early investors and reach a peak market capitalization of around ₹5000 crore.  

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