Quick Ratios
Quarterly Results
Profit & Loss
Balance Sheet
Cash Flow
Ratios
Mkt Cap
Market Capitalization
₹417Cr
Rev Gr TTM
Revenue Growth TTM
43.51%
Peer Comparison
Compare up to 10 companies side by side across valuation, profitability, and growth.

SYSTANGO
VS
| Quarter | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
|
Growth YoY Revenue Growth YoY% | | | 37.2 | 83.1 | 20.2 | -1.0 | 6.9 | 29.4 | 58.1 |
| 12 | 13 | 16 | 20 | 19 | 20 | 20 | 24 | 26 |
Operating Profit Operating ProfitCr |
| 27.2 | 19.2 | 28.6 | 31.7 | 29.7 | 32.0 | 29.5 | 37.6 | 42.2 |
Other Income Other IncomeCr | 0 | 1 | -1 | 2 | 2 | 2 | 3 | 4 | 3 |
Interest Expense Interest ExpenseCr | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Depreciation DepreciationCr | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 5 | 4 | 5 | 12 | 10 | 12 | 12 | 18 | 22 |
| 1 | 0 | 1 | 2 | 1 | 3 | 2 | 3 | 3 |
|
Growth YoY PAT Growth YoY% | | | 29.4 | 177.5 | 86.7 | -8.8 | 19.2 | 59.8 | 88.7 |
| 20.6 | 21.2 | 19.5 | 32.1 | 30.2 | 29.6 | 33.7 | 36.6 | 40.2 |
| 0.0 | 0.0 | 0.0 | 8.8 | 5.5 | 6.0 | 6.6 | 9.6 | 12.5 |
| Financial Year | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|
|
| | 60.9 | 42.2 | 60.1 | 8.1 | 18.7 | 24.9 |
| 11 | 17 | 25 | 36 | 39 | 44 | 50 |
Operating Profit Operating ProfitCr |
| 21.3 | 27.3 | 23.2 | 30.4 | 30.9 | 34.1 | 40.1 |
Other Income Other IncomeCr | 0 | 1 | 1 | 1 | 4 | 7 | 6 |
Interest Expense Interest ExpenseCr | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Depreciation DepreciationCr | 0 | 0 | 1 | 1 | 1 | 1 | 1 |
| 3 | 7 | 8 | 17 | 21 | 29 | 40 |
| 0 | 1 | 1 | 3 | 4 | 5 | 7 |
|
| | 125.5 | 20.4 | 104.6 | 21.0 | 40.2 | 36.2 |
| 17.6 | 24.7 | 20.9 | 26.7 | 29.9 | 35.3 | 38.6 |
| 2.3 | 5.3 | 6.3 | 12.8 | 11.5 | 16.2 | 22.0 |
| Financial Year | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Equity Capital Equity CapitalCr | 1 | 3 | 3 | 15 | 15 | 15 |
| 4 | 8 | 15 | 47 | 64 | 88 |
Current Liabilities Current LiabilitiesCr | 2 | 4 | 5 | 7 | 8 | 10 |
Non Current Liabilities Non Current LiabilitiesCr | 0 | 1 | 0 | 1 | 0 | 0 |
Total Liabilities Total LiabilitiesCr |
Current Assets Current AssetsCr | 6 | 14 | 20 | 62 | 79 | 93 |
Non Current Assets Non Current AssetsCr | 2 | 2 | 2 | 7 | 7 | 19 |
Total Assets Total AssetsCr |
| Financial Year | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Operating Cash Flow Operating Cash FlowCr | 4 | 7 | 3 | 5 | 9 | 12 |
Investing Cash Flow Investing Cash FlowCr | -3 | -6 | -1 | -7 | -40 | 2 |
Financing Cash Flow Financing Cash FlowCr | -1 | 0 | 1 | 32 | 0 | 1 |
|
Free Cash Flow Free Cash FlowCr | 3 | 7 | 2 | 3 | 7 | 12 |
| 148.7 | 127.8 | 49.4 | 36.6 | 51.3 | 52.2 |
CFO To EBITDA CFO To EBITDA% | 123.2 | 115.8 | 44.5 | 32.3 | 49.7 | 54.0 |
| Financial Year | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Valuation Ratios Valuation Ratios |
Market Cap Market CapitalizationCr | 0 | 0 | 0 | 195 | 453 | 295 |
Price To Earnings Price To Earnings | 0.0 | 0.0 | 0.0 | 13.9 | 26.8 | 12.4 |
Price To Sales Price To Sales | 0.0 | 0.0 | 0.0 | 3.7 | 8.0 | 4.4 |
Price To Book Price To Book | 0.0 | 0.0 | 0.0 | 3.2 | 5.8 | 2.9 |
| -0.5 | -0.4 | -0.7 | 10.0 | 25.6 | 12.0 |
Profitability Ratios Profitability Ratios |
| 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 |
| 21.3 | 27.3 | 23.2 | 30.4 | 30.9 | 34.1 |
| 17.6 | 24.7 | 20.9 | 26.7 | 29.9 | 35.3 |
| 61.4 | 63.5 | 46.5 | 26.9 | 26.9 | 28.5 |
| 52.8 | 54.3 | 39.2 | 22.7 | 21.6 | 23.2 |
| 33.8 | 36.9 | 30.6 | 20.2 | 19.7 | 21.1 |
Operational Ratios Operational Ratios |
Solvency Ratios Solvency Ratios |
Liquidity Ratios Liquidity Ratios |
Systango Technologies Limited is a high-growth, **debt-free** digital engineering firm listed on the **NSE Emerge** platform (**SYSTANGO**). With nearly **two decades** of operational history, the company has evolved from a software boutique into a global specialist in **AI-powered**, **cloud-native**, and **Web3** solutions. Headquartered in **Indore, India**, Systango serves as a strategic digital partner for a diverse clientele ranging from **Fortune 500** enterprises to high-growth startups across **10+ countries**.
---
### **Global Footprint & Corporate Structure**
Systango operates through a lean, global delivery model, leveraging offshore cost efficiencies in India while maintaining a high-touch local presence in premium markets like the **UK** and **USA**.
| Entity | Relationship | Location |
| :--- | :--- | :--- |
| **Systango Technologies Ltd** | Holding Company | India (Indore) |
| **iSystango Ltd** | Wholly Owned Subsidiary | United Kingdom |
| **Systango Ltd** | Step-down Subsidiary | United Kingdom |
| **Systango Inc.** | Wholly Owned Subsidiary | USA |
| **Systango Account Aggregator Services LLP** | Controlled Enterprise | India |
*Note: The company streamlined its US operations by dissolving Systango LLC in December 2024.*
---
### **Technological Specializations & Service Verticals**
The company provides end-to-end software lifecycle coverage, specializing in the "bridge" between initial prototypes and production-grade digital systems.
* **Generative AI & Machine Learning:** A core growth driver. Systango launched the **GenAI Studio** in **2025** to accelerate enterprise adoption. They design and deploy **LLM-integrated** solutions (GPT, Gemini, Llama), custom AI agents, and algorithmic trading models.
* **Blockchain & Web3:** Comprehensive decentralized platform development, including **DeFi ecosystems**, asset tokenization, **NFT marketplaces**, and **Layer-2** scalability solutions.
* **Cloud & Data Engineering:** Development of real-time data pipelines, **Infrastructure as Code (IaC)**, and DevOps automation on hyperscale platforms.
* **Digital Engineering:** High-performance native/hybrid mobile apps, **Progressive Web Apps (PWAs)**, and Web 2.0 modernization.
---
### **Proprietary AI Product Suite (Ylabs)**
Beyond services, Systango offers white-label and **SaaS** solutions, many of which are available on the **Google Cloud Marketplace**, providing high-margin recurring revenue potential.
| Product | Category | Key Impact Metric |
| :--- | :--- | :--- |
| **Ylabs IDP** | Intelligent Document Processing | **80% faster** document extraction/processing. |
| **Ylabs Generative BI** | Business Intelligence | Natural language dashboard creation from diverse data. |
| **Skill Up (Swotter)** | Learning Management (LMS) | Gamified training platform for global energy/training providers. |
| **Shootih** | Wealth Management | Automated investment streamlining and smart reporting. |
| **Crypto Options** | FinTech / Web3 | AI-powered trading with verifiable blockchain security. |
---
### **Strategic Partnerships & Market Recognition**
Systango is one of the few mid-cap Indian firms to hold elite global certifications, which serves as a significant barrier to entry for competitors.
* **Google Cloud Partner:** Ranked among the first **20 companies globally** to achieve the **Google Cloud Specialization in Generative AI**.
* **AWS Premium Partner:** Holds **AWS Service Delivery Specializations** for Lambda, API Gateway, and CloudFront.
* **Adobe Bronze Partner:** Supporting enterprise-grade digital experience deployments.
* **Global Reach:** Delivered **1,000+ projects** to **600+ clients**.
* **Industry Leadership:** CEO Vinita Rathi was awarded the **2024 Tech Innovator Award** at the Everywoman Entrepreneur Awards (UK).
---
### **Financial Performance & Growth Trajectory**
The company has demonstrated robust top-line and bottom-line growth, characterized by high margins and strong foreign exchange earnings.
#### **Key Performance Metrics (H1 FY26)**
* **Revenue:** **INR 45 crore** (**58% YoY growth**)
* **EBITDA Margin:** **42%**
* **PAT Margin:** **40%**
* **Attrition Rate:** Industry-leading **<10%**
#### **Consolidated Annual Financials**
| Metric (₹ in Crore) | FY 2024-25 | FY 2023-24 | FY 2022-23 |
| :--- | :---: | :---: | :---: |
| **Total Revenue** | **73.97** | **60.71** | — |
| **Revenue from Operations** | **67.14** | **56.57** | **52.34** |
| **Profit After Tax (PAT)** | **23.73** | **16.92** | **13.99** |
| **Foreign Exchange Earnings** | **61.17** | **52.47** | — |
---
### **Strategic Growth Pillars & Future Outlook**
Systango is aggressively pivoting toward the **UK and EMEA** markets while scaling its technical workforce.
1. **UK/EMEA Expansion:** Established a **Strategic Advisory Board** in the UK and appointed a new **Head of EMEA** (ex-AWS/Microsoft) to lead GTM strategies.
2. **Inorganic Growth:** Executed a **GBP 1,500,000** acquisition of assets and contracts from **Tech Alchemy Limited** in June 2025.
3. **Strategic Alliances:** Formed a partnership with **Alibaba Cloud** for AI-driven cloud adoption and **Chesamel Group (UK)** for joint digital transformation projects.
4. **Talent Scaling:** Doubled the fresher hiring program to onboard **45–50** professionals in 2025, focusing specifically on **AI and Data** roles.
5. **Rapid Delivery Model:** Utilizing a **4-Step Delivery Model** (Consult, Assemble, Sprint, Launch) to ship complex GenAI solutions within **12–16 weeks**.
---
### **Risk Management & Fiscal Position**
The company maintains a conservative fiscal profile with a formal **Risk Management Policy** compliant with **SEBI (LODR)** regulations.
* **Tax Efficiency:** Operates a unit within a **Special Economic Zone (SEZ)**. Under **Section 10AA**, it enjoys a **100% tax deduction** on export profits for the first 5 years, followed by **50%** for the next 5 years.
* **MAT Considerations:** While SEZ profits are exempt from normal tax, they are subject to **Minimum Alternative Tax (MAT)**. The company manages this through **MAT Credit** utilization.
* **Capital Integrity:** Following its **March 2023 IPO** (raising **₹34.82 Crore** at **₹90/share**), the company has confirmed **zero deviation** in the utilization of proceeds.
* **Operational Risks:** Mitigated through a **Strategic Advisory Board** and periodic internal control audits to ensure compliance with evolving global data and financial regulations.