SRIT India Limited
SRIT India is a Bengaluru-based IT and ITeS solutions company providing digital solutions, custom application development and system integration services across healthcare, e-governance, and telecommunications verticals for government and enterprise clients.
Overview
About the Company
Founded in September 1999, SRIT India Limited is an Information Technology and IT-enabled Services solutions company headquartered in Bengaluru. With over 26 years of industry experience, the company designs, implements and operates digital platforms primarily for government entities and enterprises across India and select overseas markets. The company operates through three core verticals: healthcare information systems, electronic governance solutions, and telecommunications and broadband services. Its offerings include digital health platforms, e-governance applications, cybersecurity solutions, enterprise software, fibre optic infrastructure, system integration, automation and managed services. The company has executed more than 103 projects with aggregate order value of approximately ₹12,347 million over the past decade. Its delivery processes are appraised at CMMI Level 5 and certified under ISO 27034-1:2011, ISO/IEC 27001:2022 and ISO 45001:2018 standards. The company has 177 permanent employees, 7 contract-specific employees and 107 consultants as of June 30, 2026.
Company Details
📋 Objects of Issue (Use of Proceeds)
- › Funding capital expenditure requirements towards modernization of existing products and redevelopment - ₹12.86 crores
- › Funding working capital requirements of the Company - ₹124 crores
- › Achieving inorganic growth through unidentified acquisitions and other strategic initiatives - ₹81.54 crores
- › General corporate purposes
✅ Strengths
- ✓ Strong financial performance with revenue growth of 15% and PAT growth of 29% between FY2025 and FY2026
- ✓ Growing capabilities in developing AI-enabled solutions across key verticals
- ✓ Diversified presence across healthcare, e-governance and telecommunications sectors
- ✓ Experienced promoters and senior management team with deep industry expertise
- ✓ End-to-end digital solutions with strong system integration capabilities
- ✓ 26 years of established track record and industry experience
- ✓ Proven execution track record with government and enterprise projects
- ✓ CMMI Level 5 appraised delivery processes with multiple ISO certifications
- ✓ Established relationships with key government and enterprise clients
- ✓ Proven track record of executing large-scale, turnkey digital projects
- ✓ Specialized IT solutions for e-governance, healthcare, and telecom verticals
- ✓ Integration of emerging technologies like AI, IoT, and cloud services
- ✓ Strategic partnerships for delivering bundled technology solutions
⚠️ Risks
- ! Highly dependent on competitive government tenders for majority of revenue
- ! Top ten customers account for a substantial majority of total revenue
- ! Working capital-intensive operations that may pose liquidity constraints
- ! Heavy reliance on third-party sub-contractors and OEMs for project execution
- ! Order book projects subject to potential cancellations, modifications or delays
- ! Concentration risk in government sector exposure