Megri Soft Limited is a multinational **IT/ITES** services and consulting firm headquartered in **Chandigarh, India**. Registered with the **Software Technology Parks of India (STPI)** as a **100% Software Export-Oriented Unit**, the company specializes in digital transformation, proprietary web-based products, and global outsourcing. With a strategic focus on **Artificial Intelligence (AI)** and **SaaS**, the company serves a diverse international clientele across mature digital economies. --- ### **Core Service Pillars and Revenue Streams** The company operates through a single reportable business segment—**IT/ITES Services**—but maintains a highly diversified portfolio of digital solutions: * **Digital Marketing & Visibility:** Comprehensive services including Search Engine Optimization (**SEO**), Pay-Per-Click (**PPC**) advertising, social media management, link building, and online reputation management. * **Web & Application Development:** Expertise in **CMS development**, custom web scripting, e-commerce solutions, and mobile application development for both **iOS and Android** platforms. * **Advanced Technology & SaaS:** Development of **AI models**, intelligent automation tools, cloud applications, and scalable **SaaS** platforms. * **Infrastructure & Domain Services:** Domain registration, web hosting, and strategic **domain investments**. * **IT-Enabled Services (ITES):** Specialized outsourcing solutions, including accounting outsourcing and internet marketing support. --- ### **Global Delivery Model and Subsidiary Structure** Megri Soft utilizes a global delivery model to capitalize on time-zone advantages and cost efficiencies, providing **24x7** service to international markets. | Entity | Location | Role & Ownership | | :--- | :--- | :--- | | **Megri Soft Limited** | Chandigarh/Mohali, India | Parent company; primary delivery hub and STPI unit. | | **Megrisoft Limited (UK)** | London, United Kingdom | Material subsidiary serving the European market. Stake diluted from **100% to 62.50%** in **February 2026** following an allotment to **Aprajita Kohli (CEO, UK)**. | | **Global Reach** | USA, Canada, Oceania | Strategic focus on North America and Australia/New Zealand for digital innovation and e-commerce. | --- ### **Operational Infrastructure and Asset Base** The company has transitioned from a lease-heavy model to a freehold asset-ownership model to secure its long-term operational base. * **SAS Nagar (Mohali) Facility:** A state-of-the-art **57,000 sq. ft.** IT/ITES unit situated on a **0.505-acre** plot (**I-46, Sector-83 Alpha, I.T. City**). * **Freehold Conversion:** The Mohali property was successfully converted from leasehold to **freehold** on **November 13, 2024**. * **Capacity Utilization:** Commercial operations at the Mohali site commenced on **October 1, 2023**. Currently, **one floor** is fully operational, with remaining floors being activated in phases to support **AI and Cloud** development. * **Headquarters:** Maintains its registered office at **SCO 80, Sector 47-D, Chandigarh**. --- ### **Financial Performance and Capital Structure** Megri Soft maintains a conservative financial profile, characterized by steady revenue growth and a policy of profit retention to fund internal expansion. **Consolidated Financial Highlights:** * **Net Revenue:** Increased to **₹3.56 Crore** in FY 2024-25 from **₹3.38 Crore** in FY 2023-24. * **Total Income:** Reached **₹3.61 Crore** in the most recent fiscal year. * **Other Equity:** Stood at **₹18.81 Crore** as of March 31, 2025. **Standalone Financial Trajectory:** | Metric | FY 2023-24 | FY 2022-23 | FY 2021-22 | | :--- | :--- | :--- | :--- | | **Revenue from Operations** | **₹2.76 Cr** | **₹1.90 Cr** | **₹1.74 Cr** | | **Operating EBIT** | **₹82.72 Lakh** | **₹65.89 Lakh** | **₹60.58 Lakh** | **Shareholding and Capital:** * **Paid-up Capital:** **₹3.14 Crore** (31,40,700 equity shares at **₹10** par value). * **Promoter Holding:** The Promoter Group maintains a strong stake of **74.99% (23,55,200 shares)** with **NIL** encumbrances or pledges. * **Dividend Policy:** The Board has recommended **No Dividend** for three consecutive years, opting to reinvest profits into **AI infrastructure** and **SaaS development**. --- ### **Strategic Investments and Governance** * **NBFC Exposure:** The company holds a **19% equity stake** in **Basel Investments Limited**, an Indian Non-Banking Financial Company. The Board approved further investments up to **₹3 Crore** in this entity to meet strategic financial objectives. * **Leadership Stability:** **Mr. Rajnesh Sharma** has been re-appointed as **Whole Time Director and CFO** through **2029**. * **Governance Enhancements:** The appointment of **Ms. Diksha** (Qualified CS) as an **Independent Director** (2024–2029) underscores a commitment to **SEBI** and **Ind AS** compliance. * **Related Party Transactions:** All agreements, including construction at Mohali and service contracts with **Maison Neena Limited**, are conducted on an **arm's-length basis**. --- ### **Risk Profile and Contingency Management** The company actively manages a portfolio of legal and operational risks through a formal **Risk Management Framework**. **Legal and Tax Contingencies:** * **Income Tax Disputes:** Total disputed demands exceed **₹1.39 Crore** across multiple assessment years (2014-2021). Specifically, a demand of **₹1.50 Crore (Gross)** for AY 2013-14 regarding **Section 80IC** deductions is currently under appeal. * **Real Estate Litigation:** A pending case at the **NCDRC** against **Godrej Estate Developers** seeks a refund of **₹1.38 Crore** (principal) plus approximately **₹1.66 Crore** in interest. * **Property Title:** Title deed registration for a **400.06 sq. meter** plot in **Panchkula (DLF Valley)** remains pending. **Market and Operational Risks:** * **Human Capital:** High attrition and rising costs for skilled IT professionals in the Indian market. * **Technological Shift:** The risk of obsolescence in the face of rapid **Blockchain** and **AI** evolution. * **Global Economy:** Vulnerability to **currency fluctuations** and changes in international data privacy laws (e.g., **GDPR**). --- ### **Future Growth Catalysts** * **AI Integration:** Transitioning from traditional SEO to **AI-powered digital marketing** and intelligent automation. * **Digital India Initiatives:** Leveraging the **5G rollout** and national digital policies to expand domestic and export service reach. * **SaaS Expansion:** Scaling proprietary web portals and software-as-a-service platforms to generate recurring, high-margin revenue. * **Operational Scaling:** Full activation of the **57,000 sq. ft.** Mohali facility to accommodate larger global outsourcing contracts.