Incorporated in September 1999, SRIT India Limited is a Bengaluru-headquartered Information Technology and Information Technology enabled Services (IT/ITeS) solutions company providing digital solutions, custom application development and system integration services. With 26 years of industry experience, the Company designs, implements and operates digital platforms for Government entities and Enterprises in India and select overseas markets.The Company operates across three verticals: healthcare, electronic governance, and telecommunications and broadband. Its offerings include healthcare information systems, digital health platforms, e-governance solutions, cybersecurity, enterprise software, networking, connectivity, fibre optic infrastructure, system integration, automation and managed se40.99rvices. The Company also provides configurable and customised solutions that can be integrated with third-party platforms and has commenced developing AI-enabled solutions across its key verticals.
In the last decade, the Company has executed more than 103 projects with an aggregate order value of approximately ₹12,347.16 million for Government and Enterprise customers. Its projects include healthcare platforms, nationwide banking connectivity, state-wide fibre networks, AI-driven traffic management and power transformer monitoring solutions. The Company has a presence across multiple Indian states and also operates internationally through its Qatar operations.
The Company's delivery processes are appraised at CMMI Level 5 and SSE-CMM and are certified to ISO 27034-1:2011, ISO/IEC 27001:2022 and ISO 45001:2018. Revenue from operations increased from ₹3,893.47 million in Fiscal 2025 to ₹4,499.99 million in Fiscal 2026, while profit after tax increased from ₹336.04 million to ₹432.89 million during the same period.
As of June 30, 2026, the Company had 177 permanent employees, 7 contract-specific employees and 107 consultants. Its experienced workforce supports application development, project management, operations, solution architecture, support engineering, quality management and service delivery.
Competitive Strengths
- Strong financial performance.
- Growing capabilities in AI-enabled solutions.
- Diversified presence across three key verticals.
- Experienced Promoters and Senior Management team.
- End-to-end digital solutions and integration capabilities.
- 26 years of industry experience and established track record.
- Strong Government and Enterprise project execution track record.
| Purpose | Amount (₹ Cr) |
|---|---|
| Funding of capital expenditure requirements towards modernization of existing products and redevelopment | ₹13 |
| Funding working capital requirements of the Company | ₹124 |
| Achieving inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes | — |
| — |
| Metric | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Total Assets | 614 | 497 | 429 |
| Revenue | 463 | 401 | 282 |
| PAT | 43 | 34 | 29 |
| EBITDA | 65 | 50 | 41 |
| Net Worth | 193 | 93 | 80 |
| Reserves | 170 | 73 | 54 |
| Total Borrowing | 36 | 51 | 22 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| QIB | 37.25 | 8,400,000 | 312,893,265 |
| NII / HNI | 311.70 | 2,520,000 | 785,483,235 |
| Retail (RII) | 61.65 | 5,880,000 | 362,498,055 |
| Total | 86.96 | 16,800,000 | 1,460,874,555 |
* Amount calculated at upper price band (₹130) · ** Total includes all investor categories
- 1 Initiation of Refund 05 Oct 2026
- 2 Credit of Shares to Demat 05 Oct 2026
- The IPO P/E of 19x reflects a good valuation relative to typical market ranges.
- Pre-issue EPS of ₹9 compares to post-issue EPS of ₹7 after dilution.
This IPO has relatively lower interest or stretched valuation. Proceed with thorough research and caution.
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