Why is Endurance selling Veicoli Srl?

The company says it wants to concentrate resources on its core auto components business. Veicoli is a non-core fleet management software provider that made up only 0.22% of consolidated revenue.

How much is Endurance getting for Veicoli?

The deal includes an upfront fixed payment of €2.2 million, a deferred payment of €0.3 million, and an earn-out linked to future performance capped at €5 million. Maximum total consideration is about ₹70 crore.

Is Veicoli a large part of Endurance's business?

No. Veicoli contributed revenue of ₹32.58 crore and net worth of ₹3.15 crore in the last fiscal, representing 0.22% and 0.48% of Endurance's consolidated figures. The impact is immaterial.

When will the sale close?

The transaction is subject to regulatory approvals and is expected to close by 1 July 2026.

Auto Ancillary · Large cap

Endurance sells tiny Italian software arm for up to €7.5M

Veicoli Srl contributed just 0.22% of consolidated revenue; deal maxes out at about ₹70 crore. A strategic tidy-up, not a needle-mover.

— 1 earlier story on Endurance Technologies Ltd. →

ENDURANCE By Tipsheet Editorial 24 Jun 2026 · 12:49 PM IST Verify on BSE · NSE

Mkt cap₹37,968 cr

P/E39.89×

ROE14.63%

Debt / eq.0.16

Div yld0.42%

0.22% Veicoli's share of Endurance consolidated revenue

What's new

Endurance Overseas sells its entire stake in Veicoli Srl to Banyan Software UK
Upfront €2.2M, deferred €0.3M, plus up to €5M earn-out over three years
Sale expected to close by 1 July 2026, pending regulatory nods

Why this matters

Endurance is pruning a fringe software asset to focus on auto components. But Veicoli's contribution is trivial: ₹32.58 crore revenue on a ₹37,627 crore market cap. The divestiture won't move earnings or valuations.

What we're watching

Whether Endurance makes further non-core divestments
Banyan Software's plans for Veicoli's fleet management platform

The full read

Endurance Technologies is selling its Italian step-down subsidiary Veicoli Srl, a fleet management software firm, to Banyan Software UK for a maximum consideration of €7.5 million (roughly ₹70 crore). The deal has an upfront payment of €2.2 million, a deferred €0.3 million, and a three-year earn-out capped at €5 million. In FY26, Veicoli contributed just ₹32.58 crore in revenue and ₹3.15 crore in net worth, or 0.22% and 0.48% of Endurance's consolidated totals. The company says the move aligns with its focus on core auto components. Endurance recently landed ₹1,596 crore in new Indian orders and a ₹300 crore EV battery deal. This tiny divestiture is a housekeeping act. It won't alter earnings forecasts or the investment case.

Questions answered

Why is Endurance selling Veicoli Srl?: The company says it wants to concentrate resources on its core auto components business. Veicoli is a non-core fleet management software provider that made up only 0.22% of consolidated revenue.
How much is Endurance getting for Veicoli?: The deal includes an upfront fixed payment of €2.2 million, a deferred payment of €0.3 million, and an earn-out linked to future performance capped at €5 million. Maximum total consideration is about ₹70 crore.
Is Veicoli a large part of Endurance's business?: No. Veicoli contributed revenue of ₹32.58 crore and net worth of ₹3.15 crore in the last fiscal, representing 0.22% and 0.48% of Endurance's consolidated figures. The impact is immaterial.
When will the sale close?: The transaction is subject to regulatory approvals and is expected to close by 1 July 2026.

Mentioned: Endurance Technologies · Veicoli Srl · Banyan Software UK

Primary source BSE · NSE · Tijori

An independent reading of the company's own disclosure — the primary filing above is the final word.

Company snapshot

Endurance Technologies Ltd.

Auto Ancillary

₹38,113 cr

P/E 40.05×

Latest quarter · Mar 2026

Sales₹4,086 cr

Net profit₹276 cr

Op. margin+13.9%

EPS₹19.65

Strength & growth

Debt / equity0.16×

Current ratio1.71×

Sales CAGR+13.7%

EPS CAGR+12.7%

Story so far

All notes on ENDURANCE →

24 Jun 2026 · 12:49 PM IST Endurance sells tiny Italian software arm for up to €7.5M
45d ago Endurance lands ₹1,596 cr in Indian orders, wins a ₹300 cr EV battery deal.