Nagpur rises as a fintech powerhouse, Corpay Technologies leads the way

India’s IT sector continues its rapid evolution, driven by the transformative power of Generative AI (GenAI). As businesses harness AI-driven automation, predictive analytics, and intelligent decision-making, technology is reshaping industries at an unprecedented pace.

While established IT hubs such as Bengaluru, Pune, and Hyderabad continue to dominate, Nagpur is emerging as a formidable player in this digital revolution. Once considered a Tier-II city, Nagpur is now gaining traction as a center for AI-powered financial solutions, cloud computing, and fintech innovations. With a thriving IT ecosystem and increasing global investments, the city is leveraging GenAI to enhance customer experiences, drive automation, and accelerate digital transformation.

Corpay Technologies: A catalyst for change in Nagpur’s tech landscape

A significant contributor to this transformation is Corpay Technologies India Private Limited, a Global Capacity Centre (GCC) based in Nagpur. The company has been making waves internationally, reinforcing Nagpur’s position on the global IT map.

Corpay Technologies India Private Limited is a part of Corpay Inc., a NASDAQ-listed company headquartered in Atlanta, Georgia, USA. Operating in over 150 countries, Corpay Inc. boasts an annual revenue of over $4 billion and an adjusted net income exceeding $1 billion, making it one of the global leaders in financial technology.

Corpay has cemented its position as an industry leader across three core business verticals:

• Vehicle solutions – Offering fleet management, EV solutions, parking, and toll payment systems to enhance mobility and operational efficiency.
• Lodging solutions – Simplifying corporate travel, insurance-backed accommodations, and temporary housing for businesses worldwide.
• Payables – Providing seamless domestic (US) and cross-border payment solutions, ensuring secure and efficient financial transactions on a global scale.

By developing cutting-edge digital payment technologies, Corpay continues to revolutionise the way businesses manage their finances, optimising transactions with speed, security, and scalability. The Nagpur-based GCC plays a crucial role in developing and supporting the Complete CorpayTM Product suite, which includes:

• Enterprise spend management services
• Commercial cards for business expenses
• Virtual and physical credit/debit cards for business and fuel payments

Beyond its technological contributions, Corpay Technologies Nagpur serves as a strategic centre for business strategy, intelligence, financial planning, data analytics, and innovation— ensuring seamless operational support for Corpay’s global clientele.

Visionary leadership steering growth

At the helm of Corpay, Nagpur are two dynamic young leaders: Managing Director Pankaj Gyanani and Chief Technical Officer (CTO) Narsi Reddy Nallamilli. Under their leadership, the company has grown exponentially from a five-member team in 2018 to a thriving organisation with over 100 professionals today.

Sharing their vision, Pankaj and Narsi emphasised Nagpur’s potential, stating: "Our journey began with the senior management’s trust in the city's talent. Nagpur is rapidly emerging as a business hub, offering vast opportunities for talent acquisition and expansion. With our current momentum, our goal is to leverage Open AI technology for payment automation, ensuring seamless financial solutions for our customers worldwide."

The duo attributes their success to a progressive and employee-centric work culture, fostering motivation, innovation, and collaboration.

"We believe in maintaining a close-knit team environment. Apart from professional growth, we actively encourage team bonding through sports, outings, and engagement activities to create a stress-free and productive workspace," they added.

Recognising excellence: Annual Townhall 2025
Corpay Nagpur places a strong emphasis on recognising and rewarding talent. On March 21, 2025, the company hosted its annual townhall, where top performers and rising stars were honored in the presence of senior officials from the U.S. The event reinforced Corpay’s commitment to fostering talent and innovation.

Corpay’s growth timeline: A journey of innovation

• 2015 – Founded as Accrualify Inc. with a vision to revolutionise spend management.
• 2018 – Expanded globally with the launch of Accrualify India Private Limited, Nagpur, marking a significant milestone in international growth.
• 2022 – Became a part of Corpay Inc., aligning with a global fintech leader.
• 2023 – Surpassed 100+ clients, demonstrating the impact of its solutions across industries.
• 2024 – Rebranded from Accrualify India Private Limited to Corpay Technologies, further solidifying its position as a premier fintech player.
• 2025 (future goal) – Aiming to serve 700 customers and further establish its presence in global fintech markets.

A promising future for Corpay and Nagpur’s IT sector
With its commitment to technological innovation, talent development, and global expansion, Corpay Nagpur is not just shaping the future of fintech but also positioning Nagpur as a formidable IT powerhouse. By integrating Generative AI (GenAI) into its payment solutions and automation processes, the company is driving next-gen financial technology, streamlining global transactions, and enhancing operational efficiencies.

As Corpay looks to scale up its operations, it is actively seeking top talent to fuel its rapid growth. The company is creating exciting opportunities for professionals eager to work on cutting-edge fintech solutions and GenAI-powered advancements.

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