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Mkt Cap
Market Capitalization
₹133Cr
Rev Gr TTM
Revenue Growth TTM
33.67%
Enfuse Solutions is a digital-services firm that takes the messy, manual work inside large companies - scattered data, unwieldy product catalogues, repetitive back-office processes - and replaces it with streamlined systems and trained teams, often cutting the client’s operating costs by nearly half. It was founded in Mumbai in 2017 and listed on the Indian public market in early 2024, having grown from a startup into a partner for Fortune 500 clients across India, Europe and North America. The approach that runs through everything it does is a combination of custom-built software, specialised delivery teams and a deliberate culture of flattening hierarchy so that ideas move faster than they would in the clients’ own organisations.
# Business segments
A single digital-services engine, organised around four practice areas - data, e-commerce, AI and edtech - that share the same talent pool, contract models and delivery approach.
## 1. Data management and analytics: the intelligence backbone
**The company takes a client’s fragmented data - customer records, product information, sales figures - and turns it into one clean, reliable source that the business can actually use.**
- **One version of the truth** - through Master Data Management, Enfuse consolidates critical information on customers, products and suppliers so that every department in the enterprise works from the same consistent record, eliminating the errors that come from duplicate or conflicting data.
- **From raw pipes to finished dashboards** - the data-engineering team builds the pipelines that pull together structured and unstructured data from different systems, while the analytics practice layers on predictive models, classification and deep-learning techniques such as natural language processing and computer vision.
- **Governance so the client stays in control** - the company defines the rules, responsibilities and accountability for managing data assets, covering security and compliance, which matters especially to the large enterprises and government bodies it serves.
- **Insight, not just infrastructure** - the visualisation and reporting layer delivers custom dashboards, automated reports and self-service business-intelligence tools, so that pricing, sales and campaign decisions are backed by live data rather than instinct.
## 2. E-commerce and digital services: running the online storefront
**Beyond building data systems, Enfuse operates the day-to-day digital face of its clients’ businesses - managing their online stores, their search-engine presence and the customer experience that keeps buyers coming back.**
- **The full shop window, managed** - the company handles online-store management, product listing, payment-gateway integration, inventory tracking and order processing, so that the client’s e-commerce platform runs without the client needing to staff every function itself.
- **Found on Google, seen on screen** - search-engine optimisation and marketing cover on-page and off-page SEO, keyword research, pay-per-click campaigns and ad retargeting, while content management spans creation, editing, publishing and archiving.
- **Listening to the customer** - web analytics track traffic, conversion, customer behaviour and checkout-page performance, feeding back into the experience design; a dedicated quality-assurance service works to keep the brand image consistent and build loyalty.
## 3. Machine learning and AI: the automation layer
**Enfuse embeds artificial intelligence into client operations - not as a standalone product, but as a capability woven into its data and e-commerce work, from tagging and annotation to intelligent process automation.**
- **Teaching the machines** - the company offers model training, tuning and deployment at scale, covering classification, regression, clustering and deep-learning techniques, which feed into the analytics and automation solutions it builds for clients.
- **AI that reads and sees** - natural-language processing powers chatbots, sentiment analysis and text mining, while computer-vision capabilities support tasks such as image annotation, all integrated into the broader client solution rather than sold separately.
- **Proprietary platforms in the background** - Enfuse has invested in its own AI-led initiatives in tagging, annotation and intelligent operations, creating core and supplementary platform solutions through internal research and development.
## 4. Edtech and government digitisation: the public-sector bridge
**The company has begun converting its data-management skills into large-scale digitisation contracts with state governments, turning paper-based public records into searchable digital systems.**
- **Punjab’s farm-credit societies, digitised** - Enfuse signed a ₹13.61 crore contract with the Punjab Government to digitise Primary Agriculture Credit Societies, and was later awarded an additional 341 societies under the same programme, with revenue recognised over the project timeline.
- **Maharashtra, nearly done** - a parallel PACS digitisation project in Maharashtra had reached 85 percent delivery completion, showing that the model is repeatable across states.
- **A foothold for more** - the company has established a dedicated government vertical and positions these projects as a springboard for similar work with other state administrations, leveraging the same delivery teams and technology stack used for its commercial clients.
# Group structure and partners
**A tightly held founder-led company that has planted two small subsidiaries - one in the US and one in India - to open new sales channels, though neither had begun operating by the end of the last financial year.**
- **American outpost, still dormant** - Enfuse Solutions Inc. was incorporated in Westford, USA, in September 2024 as a wholly-owned subsidiary with an approved investment of USD 2,000, intended to manage and expand North American sales; as of March 2025, no money had been deployed and it had no financial operations.
- **Indian AI vehicle, also waiting** - Fracti5 Solutions Private Limited was incorporated in India in October 2024, with Enfuse holding an 80 percent stake and the remaining 20 percent with others; its stated purpose is to pursue AI and support-services opportunities, but it too had not commenced operations or generated revenue by March 2025.
- **Founders firmly in control** - the four promoters - Mr. Mira Zaynulabedin, Mr. Rahul Gandhi, Mr. Imran Ansari and Mr. Kamran Shaikh - each hold 18.395 percent of the equity, together owning 73.58 percent of the company.
- **Related-party ties** - the company has transactions with entities including Rikz Snacks Co., Rizk Rental Co. and Mira Electronics, all of which are controlled by directors or their relatives.
Documents — Enfuse Solutions Ltd
- Q4 FY2026 Quarterly Result (Mar 2026, PDF): https://www.stockscans.in/document/4fonsqwr43rbnzvj6titrrxj.pdf
- Q2 FY2026 Quarterly Result (Sep 2025, PDF): https://www.stockscans.in/document/370ypbhfyy4ndivwhfowp9mz.pdf
- Q4 FY2025 Quarterly Result (Mar 2025, PDF): https://www.stockscans.in/document/34qj6a14bkpddw1axcscze2x.pdf
- Q2 FY2025 Quarterly Result (Sep 2024, PDF): https://www.stockscans.in/document/qi6evuemxstaukg0l6rjgo2n.pdf
- Q4 FY2024 Quarterly Result (Mar 2024, PDF): https://www.stockscans.in/document/vv32fejup93u299shmp1jd8p.pdf
- FY2025 Annual Report (PDF): https://www.stockscans.in/document/7kwf42rzudjnsewf4o6bmp9d.pdf
- FY2024 Annual Report (PDF): https://www.stockscans.in/document/kfwwz71z02amltgdd3e25oeq.pdf