Monday, May 23, 2022

Manipal Technologies Limited Appraised At CMMI V2.0 Level 5 - DEV & SVC (Multi-Model)

Manipal Technologies Limited (MTL), one of India’s fastest-growing conglomerates transforming billion of lives globally, today announced that the organization has been appraised at Level 5 of the CMMI Institute’s Capability Maturity Model Integration (CMMI).  

MTL has been appraised for both the model i.e., Development and Services covering Cards Division, Digital Division, Financial Inclusion, BFSI, Software Solutions, Digital Banking, and Digital Solutions. The multi-model appraisal was performed by Qminds Consulting Global Pvt. Ltd, Bengaluru. 

“We are delighted and honoured to be appraised at CMMI Level 5. This significant milestone recognizes our commitment to deliver exceptional customer experience,” said Mr. Abhay Gupte, Managing Director and Chief Executive Officer, Manipal Technologies Limited. “At MTL, we are committed to continual improvement, and this appraisal acknowledges our efforts of developing mission-critical products and solutions which contribute to the success of our customers”. 

CMMI is a capability improvement framework that provides organizations with the essential elements of effective processes that ultimately improve their performance. An appraisal at maturity Level 5 indicates that an organization is continually improving its processes based on a quantitative understanding of its business objectives and performance needs. MTL has a proven track record of helping its customers achieve their business objectives and goals. MTL aims to offer high-tech solutions that address the needs of its customers in the best way possible. 

About CMMI: 

CMMI Institute ( is a global leader in the advancement of best practices in PPT (People, Processes, and Technology) framework. It offers market-driven solutions that provide insights for baselining and optimizing key organizational capabilities, cyber maturity, and data assets to elevate business performance. For over 25 years, thousands of high-performing organizations in various industries, including aerospace, finance, healthcare, information technology, software, defence, transportation, and telecommunications, have achieved sustainable business success by adopting the CMMI and proved they are capable business partners and suppliers. 

About Manipal Technologies Limited:    

Manipal Technologies Limited (MTL) is part of The Manipal Group, a USD 2 billion multinational conglomerate headquartered in Manipal, Karnataka. Established in 1941 with a vision to create Lasting Impressions, MTL is one of India’s fastest-growing companies transforming billions of lives worldwide. 

MTL has been a relentless innovator for 80 years and today leading player in diverse businesses from fintech, financial inclusion, payments, doorstep banking, enterprise fraud management suite to gold loans, digital media, e-learning, e-commerce, print management, cards, commercial print, secure solutions, and others. MTL has four R&D centers that filed 28 patents for various technology areas and recently rolled out new-age products related to virtual cards, metal cards, and wearable payments. MTL is a trusted partner for leading banks, insurance, telecom, publishing, retail, education, and many global brands across diverse industries for its cutting-edge future-ready products and services 

MTL's footprints are spread across Germany, Kenya, and Nigeria to support its local customer needs. To know more, visit- 

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