The contract involves designing, creating and administering the investment management solution for providing enhanced customer service, security, compliance, and to be future-ready for the scale LIC Pension Fund anticipates achieving.

KFin Technologies is engaged in providing service of registrar to the public issue of securities, registrar to the securities transfers, and back office operations to mutual fund houses and data processing activities.

The company's consolidated net profit rose 15.90% to Rs 43.38 crore on a 7.64% increase in sales to Rs 181.50 crore in Q1 FY24 over Q1 FY23.

The scrip shed 0.27% to currently trade at Rs 448.80 on the BSE.