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Brightcom Group Ltd

BCG
NSE
9.57
0.52%
Last Updated:
29 Apr '26, 4:00 PM
Company Overview
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Brightcom Group Ltd

BCG
NSE
9.57
0.52%
29 Apr '26, 4:00 PM
Company Overview
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6M
Price
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Quick Ratios

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Mkt Cap
Market Capitalization
1,931Cr
Close
Close Price
9.57
Industry
Industry
IT Enabled Services/Business Process Outsourcing
PE
Price To Earnings
2.21
PS
Price To Sales
0.31
Revenue
Revenue
6,319Cr
Rev Gr TTM
Revenue Growth TTM
29.92%
PAT Gr TTM
PAT Growth TTM
39.62%
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Quarterly Results

Consolidated
Standalone
Numbers
Percentage
QuarterMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Revenue
RevenueCr
1,3681,6901,8144537051,1821,3031,6749871,4551,6442,232
Growth YoY
Revenue Growth YoY%
10.314.27.8-84.2-48.5-30.1-28.2269.440.123.126.233.3
Expenses
ExpensesCr
9771,1721,2634135748829651,2477311,0761,2221,704
Operating Profit
Operating ProfitCr
39151855140130300338427256380422527
OPM
OPM%
28.630.630.48.918.525.425.925.525.926.125.623.6
Other Income
Other IncomeCr
10-1000000000
Interest Expense
Interest ExpenseCr
000000000000
Depreciation
DepreciationCr
697267717576727682807681
PBT
PBTCr
323446483-3055224266351174300346447
Tax
TaxCr
93124131-61765801075389113136
PAT
PATCr
229321352-2437160186244121211233311
Growth YoY
PAT Growth YoY%
2.716.09.8-104.5-83.7-50.4-47.11,106.5222.232.225.127.5
NPM
NPM%
16.819.019.4-5.35.313.514.314.612.214.514.213.9
EPS
EPS
1.11.61.7-0.10.20.80.91.20.61.01.11.5

Profit & Loss

Consolidated
Standalone
Numbers
Percentage
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Revenue
RevenueCr
1,9572,2562,4522,4212,5802,6922,8565,0207,3974,6625,1476,319
Growth
Revenue Growth%
16.915.38.7-1.36.64.36.175.847.4-37.010.422.8
Expenses
ExpensesCr
1,3851,5821,7221,7071,8211,9031,9903,5135,2243,4233,8254,734
Operating Profit
Operating ProfitCr
5726747307147597898651,5072,1731,2391,3221,585
OPM
OPM%
29.229.929.829.529.429.330.330.029.426.625.725.1
Other Income
Other IncomeCr
14000-31421-2-6000
Interest Expense
Interest ExpenseCr
23161515136000000
Depreciation
DepreciationCr
416496108135180226246266285307318
PBT
PBTCr
5225946195906096176601,2581,9009541,0151,267
Tax
TaxCr
180195190183165177177346529267305392
PAT
PATCr
3424004294074444404839121,371688710875
Growth
PAT Growth%
54.916.77.4-5.29.1-0.99.888.950.3-49.93.323.3
NPM
NPM%
17.517.717.516.817.216.416.918.218.514.813.813.8
EPS
EPS
3.54.04.34.14.54.44.64.56.83.43.54.3

Balance Sheet

Consolidated
Standalone
Numbers
Percentage
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
Equity CapitalCr
959595959595102404404404404404
Reserves
ReservesCr
1,4351,9372,3132,7302,9092,7313,1584,8916,5977,3818,2869,032
Current Liabilities
Current LiabilitiesCr
5304004324264494314196328819661,0971,485
Non Current Liabilities
Non Current LiabilitiesCr
251212111213121414131415
Total Liabilities
Total LiabilitiesCr
2,0852,4442,8533,2633,4643,2703,6915,9407,8968,7649,80010,936
Current Assets
Current AssetsCr
1,3671,4771,9082,1112,2171,9042,1464,2266,0536,7667,6788,703
Non Current Assets
Non Current AssetsCr
7189679451,1511,2471,3661,5451,7151,8431,9982,1222,234
Total Assets
Total AssetsCr
2,0852,4442,8533,2633,4643,2703,6915,9407,8968,7649,80010,936

Cash Flow

Consolidated
Standalone
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Operating Cash Flow
Operating Cash FlowCr
27624215131551089460287703134175
Investing Cash Flow
Investing Cash FlowCr
-271-293-80-313-387-272-431-217-266-410-379
Financing Cash Flow
Financing Cash FlowCr
954-517-109199-2254823073149
Net Cash Flow
Net Cash FlowCr
13321913168618667-203-55
Free Cash Flow
Free Cash FlowCr
23022314330349985456261692124175
CFO To PAT
CFO To PAT%
80.560.635.377.3114.820.295.231.551.219.424.6
CFO To EBITDA
CFO To EBITDA%
48.236.020.844.167.111.353.119.132.310.813.2

Ratios

Consolidated
Standalone
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Valuation Ratios
Valuation Ratios
Market Cap
Market CapitalizationCr
1,36489836722115014841919,6552,9542,7810
Price To Earnings
Price To Earnings
4.02.30.90.50.30.30.921.62.24.00.0
Price To Sales
Price To Sales
0.70.40.10.10.10.10.13.90.40.60.0
Price To Book
Price To Book
0.90.40.10.10.10.10.13.70.40.40.0
EV To EBITDA
EV To EBITDA
2.41.40.50.30.10.10.312.60.71.3-0.9
Profitability Ratios
Profitability Ratios
GPM
GPM%
100.0100.0100.0100.0100.043.943.7100.0100.0100.0100.0
OPM
OPM%
29.229.929.829.529.429.330.330.029.426.625.7
NPM
NPM%
17.517.717.516.817.216.416.918.218.514.813.8
ROCE
ROCE%
33.929.025.620.920.321.820.323.827.112.311.7
ROE
ROE%
22.419.717.814.414.815.614.817.219.68.88.2
ROA
ROA%
16.416.415.112.512.813.513.115.417.47.87.3
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 |