About the Business
Incorporated in September 1999, SRIT India Limited is a Bengaluru-headquartered Information Technology and Information Technology-enabled Services (IT/ITeS) enterprise. With 26 years of operational experience, the company designs, implements, and operates comprehensive digital software platforms, bespoke applications, and large-scale system integration projects for government departments and corporate enterprises in India and select international jurisdictions.
The business operates primarily across three core industry verticals: healthcare, electronic governance (e-governance), and telecommunications & broadband infrastructure. Its portfolio comprises hospital information management systems, nationwide digital health suites, smart e-governance systems, cybersecurity frameworks, enterprise networking, optical fibre connectivity, automated monitoring, and AI-enabled automation software. Over the past decade, SRIT India has executed more than 103 major public and private projects representing an aggregate order value exceeding ₹12,347.16 million (approx. ₹1,234.72 Cr).
- Established Public-Sector Track Record: Has deployed mission-critical digital health platforms, statewide optical fibre connectivity, nationwide banking network integrations, and AI-powered municipal traffic management networks.
- Quality & Security Accreditations: Delivery workflows are appraised at CMMI Level 5 and SSE-CMM, alongside ISO 27034-1:2011, ISO/IEC 27001:2022, and ISO 45001:2018 certifications.
- International Market Footprint: While deeply entrenched across multiple Indian states, the company has expanded its enterprise footprint abroad through dedicated operations in Qatar.
- Proprietary & AI Integration: Provides modular, customizable application frameworks that integrate seamlessly with third-party software, including emerging AI-driven decision engines across its primary verticals.
- Skilled Technical Workforce: Supported by 177 permanent personnel, 7 contract-specific staff, and 107 domain consultants spanning software architecture, development, project execution, and cybersecurity as of June 30, 2026.
The company’s promoters are Nambiar Raghavan Madhusoodan, Prasaktha Vakkiyl Nambiar, and Martin Poovakkulam Chacko.
Company Financials
SRIT India Ltd.’s total revenue increased by 15% and profit after tax (PAT) rose by 29% between the financial year ending with March 31, 2026 and March 31, 2025.
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 614.16 | 496.64 | 428.96 |
| Total Income | 462.54 | 400.50 | 282.22 |
| Profit After Tax | 43.29 | 33.60 | 29.08 |
| EBITDA | 64.77 | 49.81 | 40.99 |
| NET Worth | 193.27 | 93.17 | 80.47 |
| Reserves & Surplus | 169.54 | 72.93 | 53.52 |
| Total Borrowing | 36.15 | 51.30 | 22.28 |
Amount in ₹ Crore
Key Performance Indicator (KPI)
IPO Lot Size
Investors can bid for a minimum of 115 shares and in multiples thereof:
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 115 | ₹14,950 |
| Retail (Max) | 13 | 1,495 | ₹1,94,350 |
| S-HNI (Min) | 14 | 1,610 | ₹2,09,300 |
| S-HNI (Max) | 66 | 7,590 | ₹9,86,700 |
| B-HNI (Min) | 67 | 7,705 | ₹10,01,650 |
Issue Reservation
| Investor Category | Allocation Share |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net Issue |
| Retail Shares Offered | Not less than 35.00% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15.00% of the Net Issue |
Shareholding Structure
| Category | Pre IPO | Post IPO |
|---|---|---|
| Promoter and Promoter Group | 84.91% | 62.71% |
| Public | 15.09% | 37.29% |
| Total | 100% | 100% |
IPO Objects of the Issue
The Company proposes to utilise the Net Proceeds from the 100% Fresh Issue towards the following objects:
- Funding capital expenditure towards modernization of existing software products and redevelopment ₹12.86 Cr
- Funding working capital requirements of the Company ₹124.00 Cr
- Achieving inorganic growth via strategic acquisitions and general corporate purposes Balance
SRIT India Limited enters the primary market with a mature 26-year operating history in complex system integration, enterprise software delivery, and institutional governance platforms. Operating with prestigious CMMI Level 5 and SSE-CMM delivery appraisals, the firm has positioned itself effectively across three high-barrier public-sector and enterprise domains: digital health infrastructure, e-governance solutions, and broadband optical connectivity. With over 103 major projects executed to date and an aggregate order track record of over ₹1,230 Cr, the business benefits from deep institutional relationships and high switching costs.
Financially, the company displays commendable performance. FY26 total income expanded 15% to ₹462.54 Cr, while profit after tax (PAT) rose by 29% to ₹43.29 Cr. Profitability is paired with high capital efficiency, evident in an ROE of 30.23% and ROCE of 28.79%, while total borrowings remain low at ₹36.15 Cr (Debt/Equity of 0.23x). Notably, the offering is 100% primary fresh capital (₹218.40 Cr) with zero secondary promoter share offloading, dedicating ₹124 Cr to fuel working capital needs and ₹12.86 Cr to software modernization. At the upper price band of ₹130, the stock commands a post-issue P/E multiple of 19.29x against a market capitalization of ₹835.53 Cr, comparing favorably against software peers such as CSM Technologies (31.05x) and Fractal Analytics (65.50x). Investors seeking profitable exposure to digital transformation and government digitization cycles can evaluate this issue with a medium-to-long-term view.
