Quick Ratios
Quarterly Results
Profit & Loss
Balance Sheet
Cash Flow
Ratios
Mkt Cap
Market Capitalization
₹1,931Cr
IT Enabled Services/Business Process Outsourcing
Rev Gr TTM
Revenue Growth TTM
29.92%
Peer Comparison
Compare up to 10 companies side by side across valuation, profitability, and growth.

BCG
VS
| Quarter | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
|---|
|
Growth YoY Revenue Growth YoY% | 10.3 | 14.2 | 7.8 | -84.2 | -48.5 | -30.1 | -28.2 | 269.4 | 40.1 | 23.1 | 26.2 | 33.3 |
| 977 | 1,172 | 1,263 | 413 | 574 | 882 | 965 | 1,247 | 731 | 1,076 | 1,222 | 1,704 |
Operating Profit Operating ProfitCr |
| 28.6 | 30.6 | 30.4 | 8.9 | 18.5 | 25.4 | 25.9 | 25.5 | 25.9 | 26.1 | 25.6 | 23.6 |
Other Income Other IncomeCr | 1 | 0 | -1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Interest Expense Interest ExpenseCr | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Depreciation DepreciationCr | 69 | 72 | 67 | 71 | 75 | 76 | 72 | 76 | 82 | 80 | 76 | 81 |
| 323 | 446 | 483 | -30 | 55 | 224 | 266 | 351 | 174 | 300 | 346 | 447 |
| 93 | 124 | 131 | -6 | 17 | 65 | 80 | 107 | 53 | 89 | 113 | 136 |
|
Growth YoY PAT Growth YoY% | 2.7 | 16.0 | 9.8 | -104.5 | -83.7 | -50.4 | -47.1 | 1,106.5 | 222.2 | 32.2 | 25.1 | 27.5 |
| 16.8 | 19.0 | 19.4 | -5.3 | 5.3 | 13.5 | 14.3 | 14.6 | 12.2 | 14.5 | 14.2 | 13.9 |
| 1.1 | 1.6 | 1.7 | -0.1 | 0.2 | 0.8 | 0.9 | 1.2 | 0.6 | 1.0 | 1.1 | 1.5 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|
|
| 16.9 | 15.3 | 8.7 | -1.3 | 6.6 | 4.3 | 6.1 | 75.8 | 47.4 | -37.0 | 10.4 | 22.8 |
| 1,385 | 1,582 | 1,722 | 1,707 | 1,821 | 1,903 | 1,990 | 3,513 | 5,224 | 3,423 | 3,825 | 4,734 |
Operating Profit Operating ProfitCr |
| 29.2 | 29.9 | 29.8 | 29.5 | 29.4 | 29.3 | 30.3 | 30.0 | 29.4 | 26.6 | 25.7 | 25.1 |
Other Income Other IncomeCr | 14 | 0 | 0 | 0 | -3 | 14 | 21 | -2 | -6 | 0 | 0 | 0 |
Interest Expense Interest ExpenseCr | 23 | 16 | 15 | 15 | 13 | 6 | 0 | 0 | 0 | 0 | 0 | 0 |
Depreciation DepreciationCr | 41 | 64 | 96 | 108 | 135 | 180 | 226 | 246 | 266 | 285 | 307 | 318 |
| 522 | 594 | 619 | 590 | 609 | 617 | 660 | 1,258 | 1,900 | 954 | 1,015 | 1,267 |
| 180 | 195 | 190 | 183 | 165 | 177 | 177 | 346 | 529 | 267 | 305 | 392 |
|
| 54.9 | 16.7 | 7.4 | -5.2 | 9.1 | -0.9 | 9.8 | 88.9 | 50.3 | -49.9 | 3.3 | 23.3 |
| 17.5 | 17.7 | 17.5 | 16.8 | 17.2 | 16.4 | 16.9 | 18.2 | 18.5 | 14.8 | 13.8 | 13.8 |
| 3.5 | 4.0 | 4.3 | 4.1 | 4.5 | 4.4 | 4.6 | 4.5 | 6.8 | 3.4 | 3.5 | 4.3 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 |
|---|
Equity Capital Equity CapitalCr | 95 | 95 | 95 | 95 | 95 | 95 | 102 | 404 | 404 | 404 | 404 | 404 |
| 1,435 | 1,937 | 2,313 | 2,730 | 2,909 | 2,731 | 3,158 | 4,891 | 6,597 | 7,381 | 8,286 | 9,032 |
Current Liabilities Current LiabilitiesCr | 530 | 400 | 432 | 426 | 449 | 431 | 419 | 632 | 881 | 966 | 1,097 | 1,485 |
Non Current Liabilities Non Current LiabilitiesCr | 25 | 12 | 12 | 11 | 12 | 13 | 12 | 14 | 14 | 13 | 14 | 15 |
Total Liabilities Total LiabilitiesCr |
Current Assets Current AssetsCr | 1,367 | 1,477 | 1,908 | 2,111 | 2,217 | 1,904 | 2,146 | 4,226 | 6,053 | 6,766 | 7,678 | 8,703 |
Non Current Assets Non Current AssetsCr | 718 | 967 | 945 | 1,151 | 1,247 | 1,366 | 1,545 | 1,715 | 1,843 | 1,998 | 2,122 | 2,234 |
Total Assets Total AssetsCr |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Operating Cash Flow Operating Cash FlowCr | 276 | 242 | 151 | 315 | 510 | 89 | 460 | 287 | 703 | 134 | 175 |
Investing Cash Flow Investing Cash FlowCr | -271 | -293 | -80 | -313 | -387 | -272 | -431 | -217 | -266 | -410 | -379 |
Financing Cash Flow Financing Cash FlowCr | 9 | 54 | -51 | 7 | -109 | 199 | -22 | 548 | 230 | 73 | 149 |
|
Free Cash Flow Free Cash FlowCr | 230 | 223 | 143 | 303 | 499 | 85 | 456 | 261 | 692 | 124 | 175 |
| 80.5 | 60.6 | 35.3 | 77.3 | 114.8 | 20.2 | 95.2 | 31.5 | 51.2 | 19.4 | 24.6 |
CFO To EBITDA CFO To EBITDA% | 48.2 | 36.0 | 20.8 | 44.1 | 67.1 | 11.3 | 53.1 | 19.1 | 32.3 | 10.8 | 13.2 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Valuation Ratios Valuation Ratios |
Market Cap Market CapitalizationCr | 1,364 | 898 | 367 | 221 | 150 | 148 | 419 | 19,655 | 2,954 | 2,781 | 0 |
Price To Earnings Price To Earnings | 4.0 | 2.3 | 0.9 | 0.5 | 0.3 | 0.3 | 0.9 | 21.6 | 2.2 | 4.0 | 0.0 |
Price To Sales Price To Sales | 0.7 | 0.4 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 3.9 | 0.4 | 0.6 | 0.0 |
Price To Book Price To Book | 0.9 | 0.4 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 3.7 | 0.4 | 0.4 | 0.0 |
| 2.4 | 1.4 | 0.5 | 0.3 | 0.1 | 0.1 | 0.3 | 12.6 | 0.7 | 1.3 | -0.9 |
Profitability Ratios Profitability Ratios |
| 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 43.9 | 43.7 | 100.0 | 100.0 | 100.0 | 100.0 |
| 29.2 | 29.9 | 29.8 | 29.5 | 29.4 | 29.3 | 30.3 | 30.0 | 29.4 | 26.6 | 25.7 |
| 17.5 | 17.7 | 17.5 | 16.8 | 17.2 | 16.4 | 16.9 | 18.2 | 18.5 | 14.8 | 13.8 |
| 33.9 | 29.0 | 25.6 | 20.9 | 20.3 | 21.8 | 20.3 | 23.8 | 27.1 | 12.3 | 11.7 |
| 22.4 | 19.7 | 17.8 | 14.4 | 14.8 | 15.6 | 14.8 | 17.2 | 19.6 | 8.8 | 8.2 |
| 16.4 | 16.4 | 15.1 | 12.5 | 12.8 | 13.5 | 13.1 | 15.4 | 17.4 | 7.8 | 7.3 |
Operational Ratios Operational Ratios |
Solvency Ratios Solvency Ratios |
Liquidity Ratios Liquidity Ratios |
### **Overview**
Brightcom Group Ltd (formerly known as USA Greetings / Ybrant Digital) is a globally diversified technology and innovation-driven enterprise with over 25 years of experience in digital advertising, software services, and emerging next-generation technologies. Founded in 1998 by **Mr. M. Suresh Kumar Reddy**, the company has evolved from a digital greetings platform into a multi-vertical powerhouse with operations across 24+ countries. It serves Fortune 500 clients, major advertising agencies, and government partners globally.
In late 2025, Brightcom is undergoing a strategic transformation, marked by organizational restructuring, entry into defense technology, expansion into high-growth markets, and integration of cutting-edge AI and quantum computing into core offerings.
---
### **Key Business Divisions (As of Aug–Sep 2025)**
The company is now structured into **four core divisions** to enhance operational clarity, strategic focus, and scalability:
1. **Digital Advertising**
2. **Software Services**
3. **Brightcom Defence**
4. **Next-Gen Tech** (AI/ML, Quantum Computing, Generative AI)
This restructuring reflects a deliberate pivot from a pure-play AdTech player to a **technology conglomerate at the intersection of digital, defense, and disruptive innovation**.
---
## **Recent Strategic Developments (2023–2025)**
### 🔴 **Nov 2025: Strategic Partnership with Dailymotion Advertising**
- **Online Media Solutions (OMS)**, a wholly-owned subsidiary of Brightcom, has formed a **strategic partnership** with **Dailymotion Advertising**, a top-tier global video marketing platform.
- Combines Dailymotion’s premium global audience reach with OMS’s advanced monetization technology.
- Focus: Deliver **brand-safe, high-performance video advertising environments** for advertisers and publishers.
- Launched in **October 2025**, early results show **strong traction**, expected to boost Brightcom’s performance during the holiday quarter.
> *Strategic Impact:* Positions Brightcom at the forefront of programmatic video advertising amid rising CTV and AVOD consumption.
---
### 🔵 **Aug 2025: Launch of Brightcom Defence Division**
- Announced the formation of **Brightcom Defence (www.BrightcomDefence.ai)**—a dedicated aerospace and defense software arm.
- Focus Areas:
- AI-powered UAV flight systems
- Real-time threat detection
- Drone swarm coordination
- Aerial cybersecurity
- High-fidelity mission simulation
> Leverages Brightcom's expertise in AI, machine learning, and real-time data processing to serve governments, defense innovators, and allied security agencies.
---
### 🔵 **Sep 2025: Unmanned Aerial Vehicles (UAVs) Portfolio Expansion**
Brightcom has developed or integrated several advanced UAV platforms, either through proprietary development or collaboration with hardware partners like CQT Weapon Systems:
| Platform | Type | Key Features |
|----------------|------|-------------|
| **RAVEN** | Strategic UAV | Long-range surveillance, multi-role operations |
| **HELIX 7 / 10** | Mini Recon/Strike Drone | High-speed, computer vision, day/night ops (up to 200m detection), 12-min flight time |
| **THUNDERBOLT** | Copter-Type Strike Drone | 15kg payload capacity, dual-spectrum imaging, GNSS-secured, 30km range |
| **TIBURON** | Fixed-Wing Tactical UAV | 4-hour endurance, 80km range, EW-resistant, automated tracking |
| **MINI TIBURON** | Hand-Launched Recon UAV | Portable, 2.5hr endurance, 45km range, EO/IR gimbal with 10x zoom |
> All systems emphasize **AI integration, electronic warfare resilience, and autonomous coordination**, aligning with modern military and homeland security needs.
---
### 🔵 **Sep 2025: Collaboration with Close Quarters Tactical (CQT) Weapon Systems**
- Brightcom is providing **AI and software intelligence** to U.S.-based **CQT Weapon Systems** (based in Michigan).
- Enables transformation of traditional firearms and tactical platforms into **smart, adaptive combat systems**.
- Software capabilities include:
- Swarm coordination
- Autonomous combat systems
- Aerospace command & control
- Cyber-secure architectures
> This partnership exemplifies Brightcom’s role as an **AI integrator for defense hardware**, moving beyond services into embedded defense tech.
---
### 🔵 **Aug–Sep 2025: Quantum & AI R&D Push**
- **Quantum Computing Initiatives:**
Through **Brightcom-Qulabz Innovation Labs** (launched 2022), research continues in quantum AI, aiming to solve complex optimization problems in AdTech and defense.
- **Generative AI Integration:**
Deployed across advertising for content creation, programmatic buying, and internal processes. Planning to hire a **Generative AI Officer** by early 2026.
- **AI/ML in Agriculture:** Ongoing innovation pipeline project.
---
### 🔵 **Global Expansion via TRENOVA Initiative (2024–2025)**
- **TRENOVA** is a 100% subsidiary established to strengthen Brightcom’s presence in **EMEA and APAC**.
- Led by **Mr. Kallol Sen**, CEO of Motes & Bots Technologies and founder of CantorSpace.
- Initial hubs in **London and Hong Kong**, with plans for physical office expansion in key APAC cities.
- Target: Capitalize on APAC’s $175B digital ad market and growing demand for AI-driven marketing solutions.
---
### 📈 **AdTech & Digital Advertising Performance**
- **Scale:** Processes **over 5 billion ad impressions per day**; previously served up to 90 billion monthly.
- **AdTech Stack:** Full-stack programmatic ecosystem including:
- Supply-Side Platform (SSP)
- Demand-Side Platform (DSP)
- Data Management Platform (DMP)
- Real-Time Bidding (RTB)
- **Key Clients:** Coca-Cola, Samsung, Unilever, Airtel, Vodafone, Hewlett Packard, Pacific Bell
- **Agency Network:** 200+ global agencies (Ogilvy, Mindshare, Havas, ZenithOptimedia, etc.)
- **Publisher Reach:** Over **50,000 publishers**, including Facebook, LinkedIn, Yahoo, and 650+ large publishers.
#### Recent Products:
- **Compass**: Proprietary monetization platform for video, display, mobile, and CTV.
- **Blocal Exchange**: Local news audience exchange with partnerships across 60+ U.S. newspapers (e.g., Boston Globe, Seattle Times).
- **Brightcom Video Player**: In-stream/out-stream player boosting engagement and publisher yields.
#### Strategic Moves:
- Joined **Prebid.org** (open-source programmatic standard).
- Partnered with **Intent IQ** to improve cookieless targeting via AI-powered ID graph.
- Active in CTV, DOOH, OTT, podcast, and data monetization spaces.
---
## **Leadership & Governance**
| Executive | Role | Background |
|--------|------|----------|
| **Mr. M. Suresh Kumar Reddy** | Founder, Promoter, Former CMD (1998–2023) | Led 10+ international acquisitions, raised >$100M in funding, oversaw growth into 24 countries. Ex-Caterpillar, Chrysler, Charles Schwab. |
| **Shreedhar Reddy** | General Manager, India Operations | Architect of core platforms: Pangea, Compass, Zentyl, Flatmonk. With Brightcom since inception. |
| **Brad Cohen** | Chief Strategy Officer | 23+ years at Brightcom, leads M&A and corporate development. Built multiple ventures across tech and digital health. |
| **Raghunath Allamsetty** | Executive Director | Co-founded Platys Communications (acquired by Adaptec). Also leads Ivana Foods & Beontea Brew. |
| **Kallol Sen** | Overseas Subsidiaries Lead, TRENOVA Head | Founder of CantorSpace & Motes & Bots. AI pioneer with 25+ years in gaming, education, and media. |
| **Vidyashankar Ramakrishnan** | Chief of Staff to CMD | 22+ years in telecom, banking, retail. Ensures strategic alignment and governance. |
---
## **Financial & Operational Highlights (FY22–FY25)**
| Fiscal Year | Revenue (INR) | Notes |
|-----------|----------------|-------|
| FY22 | ₹5,020 Crore | Stable pre-disruption |
| FY23 | ₹7,397 Crore | Peak revenue, growth momentum |
| FY24 | ₹4,662 Crore | Decline due to leadership transition and Israel conflict impact |
| FY25 (Projected) | ₹5,147 Crore | Recovery phase with stabilized operations |
> - **Debt-Free Company** since FY24, enhancing financial agility.
> - Strong presence in **Pixalate Seller Trust Index** across multiple regions.
> - Focus on **cost optimization, receivables recovery, and governance strengthening** post-restructuring.
---
## **Geographic Presence**
- **Headquarters:** Hyderabad, India
- **Global Offices:** 25+ locations across:
- **North America:** San Jose, Boston, Mexico City
- **Europe:** London, Paris, Berlin, Herzliya, Montevideo
- **Asia-Pacific:** Singapore, Hong Kong, Sydney, UAE
- **Latin America:** Buenos Aires, Brasilia, Asuncion
> Offices in tech hubs like **Berlin** and **Silicon Valley** are instrumental in talent acquisition and innovation.
---
## **Strategic Partnerships & Acquisitions**
| Acquisition / Partnership | Year | Strategic Purpose |
|----------------------------|------|--------------------|
| **Online Media Solutions (Israel)** | 2008 ($13M) | Expanded European adtech reach |
| **LYCOS Inc. (from Daum Comm.)** | 2010 ($36M) | Enhanced global brand recognition |
| **Dream Ad Group (Argentina)** | 2009 ($11.5M) | LatAm market entry |
| **Max Interactive (Australia)** | 2009 ($8.3M) | APAC expansion |
| **Vuchi Media (Media Mint)** | 2022 (FY22: ₹187 Cr rev, ₹67 Cr EBITDA) | Strengthened backend ad operations for clients like Netflix, Disney, The NYT |
| **Dailymotion Advertising Partnership** | Oct 2025 | Boost video ad monetization globally |
> M&A strategy remains active with emphasis on **capital-efficient, ROE-focused deals**.
---
## **Corporate Evolution Timeline**
| Year | Milestone |
|------|---------|
| **1998** | Founded as **USA Greetings.com** in California by Suresh Reddy & Vijay Kancharla |
| **2000** | Rebranded to **Ybrant Technologies** |
| **2004** | Renamed **Ybrant Digital**, focusing on AdTech tools |
| **2005–2010** | Rapid acquisitions (MediosOne, AdDynamix, OMS, LYCOS, Dream Ad, Max Interactive) |
| **2010** | Acquired LYCOS for $36M, renamed Lycos Internet Ltd |
| **2016** | Launched LYCOS LIFE (programmatic video) and Apollo Lycos JV |
| **2020–2022** | Pivot to AI, opened Berlin office, acquired MediaMint, joined IAB TCF |
| **2023–2025** | Debt-free status; rebranding to **Brightcom Group**; new divisions; entry into defense and APAC |