Delaplex Ltd. is a technology partner that builds the invisible plumbing for modern business - the software, cloud infrastructure and edge-computing hardware that keeps supply chains moving and data flowing. It began as a private IT services firm in 2004, was reshaped by a US acquisition in 2019, and went public in India in 2024 before acquiring a cluster of companies in the UK and India to add proprietary platforms and new capabilities. The recurring approach is to start with high-trust IT services for large enterprises, then use those relationships to introduce higher-value products - its own micro data centers, AI platforms and consulting - that deepen its lock-in and lift its margins.
Business segments
Three engines at different stages - a foundational IT services cash cow, a proprietary hardware-and-infrastructure bet rolling out across India, and a set of AI platforms and consulting practices that sharpen the other two - each built on the client relationships of the one before.
1. Software development, supply chain consulting and cloud services: the relationship engine
This is the steady, cash-generating core - a hybrid offshore-onsite IT services business where supply chain expertise commands the largest share of revenue and more than 85% of clients have stayed for over four years.
- Supply chain is the anchor - core supply chain services and software development together brought in 43% of H1 FY26 revenue, while cloud services contributed 36% and the rest came from the new solutioning business.
- Deep client stickiness - over 90% of clients are retained and more than 85% have been served for four-plus years, which turns project-based work into what management calls predictable revenue engines.
- Centers of Excellence as reusable expertise - the company runs specialised knowledge hubs covering supply chain, data governance, Gen AI, cybersecurity and testing, so it can deploy pre-built solutions rather than starting from scratch for each client.
- A shift from renting people to owning outcomes - the engagement mix has moved away from traditional staff augmentation toward full end-to-end solution engagements, particularly AI-driven digital transformation, which lets the company command premium pricing.
- Global delivery without visa dependency - the company has no employees on H-1B visas and instead uses talent across multiple geographies and time zones, hedging roughly half of its foreign currency receivables to protect against exchange swings.
2. Micro Data Centers and edge computing: the infrastructure bet
This is a proprietary, modular data-center-in-a-box that the company deploys on BSNL's real estate under a revenue-sharing deal - a low-Capex way to sell computing power to banks, governments and enterprises that need data to stay inside India.
- A product and a service - the Micro Data Center is an in-house intellectual property solution: a self-contained unit with its own power management, liquid cooling, fire suppression and security, designed to sit at the edge of the network so data does not have to travel to a distant hyperscale cloud.
- BSNL provides the real estate, Delaplex provides the tech - the nationwide rollout, launched in Hyderabad in June 2025 and expanded to cities including Mumbai, Jaipur and Guwahati, uses BSNL's existing buildings and telecom infrastructure so Delaplex avoids heavy real estate investment.
- Data sovereignty as a tailwind - India's Digital Personal Data Protection Act pushes companies to keep sensitive data within the country, and the MDC model offers a ready-to-use compliance framework that hyperscale clouds cannot always match.
- Early revenue, early proof - the MDC business contributed 16% of H1 FY26 revenue, a stream that did not exist the year before, and has already secured a three-year contract with a large PSU bank and a state government cloud infrastructure deal.
3. AI-enabled platforms, IP and strategic consulting: the differentiator layer
This engine houses the proprietary software platforms and high-value consulting muscle that make the other two businesses harder to copy - acquired, hired and partnered into existence in a concentrated burst.
- A Gen AI-ready data platform with a global distribution partner - the Master Data Management platform uses a Unified Metadata Graph for governance and automation, and is taken to market by a California-based global IT company that handles sales while Delaplex leads the technology and R&D.
- Consulting hired in one go - the strategic consulting division was created in 2025 through an acquihire of a full team of experts in Hyderabad, giving the company a management consulting capability for medium and large enterprises without the slow build.
- Cybersecurity as a packaged service - a dedicated cybersecurity business line launched in September 2024 offers Virtual Chief Information Security Officer services, data governance and security-as-a-service, turning a compliance headache for clients into a recurring revenue stream for Delaplex.
Group structure and partners
A listed Indian parent with a US promoter, a UK subsidiary holding European assets, and a web of technology partnerships that give a small firm the reach of a much larger one.
- The US is the commercial heart - Delaplex Inc., the US promoter entity, runs direct sales and long-standing customer relationships in America, while the listed Indian parent provides IT services to it on a cost-plus model that accounted for roughly 60% of consolidated turnover.
- The UK subsidiary holds the European bridge - Delaplex Software Limited, a wholly owned subsidiary in England, was incorporated in 2024 and used to acquire Blueberry Systems UK, bringing both the AI low-code platform and access to European markets under one roof.
- A Bengaluru bolt-on for supply chain - Celestia Crew Consultancy, a 70%-owned subsidiary acquired in 2024, provides SaaS implementation and managed services in supply chain and workforce management, and is being integrated with the supply chain Centers of Excellence.
- Partner logos that open doors - the company holds Gold or equivalent partnerships with Microsoft, Oracle and ISTQB, and strategic relationships with IBM, AWS, Blue Yonder and Google Cloud, which gives it credibility and access to client procurement lists that a firm of 350 people would otherwise struggle to reach.