IT - Software
60 recent notes from companies in this sector. 20 companies tracked.
Methodhub Software bets on pharma AI with Datafoundry tie-up
No deal value disclosed, but it's a strategic move beyond core IT services.
Ceinsys Tech forms JV with US partner to chase sovereign AI deals in India
Board approves ₹25 cr initial investment for 50:50 joint venture with AI Fabrik; outlay is just 1.29% of market cap and JV remains exploratory with no near-term revenue.
Veefin lands Bank of India as lending partner on PSB Xchange
PSB Xchange, the joint digital lending platform Veefin helped build, adds a big public sector bank. No financial details yet, but the partnership boosts the platform's credibility.
Blue Cloud Softech deploys India's first AI FIR recorder for Hyderabad Police
The AI-CopWriter transcribes spoken complaints into FIR drafts across ten languages. No revenue disclosed, but the high-profile government client adds strategic weight.
Expleo Solutions' KMP Saket Newaskar resigns with immediate effect
The company accepted the resignation citing personal reasons; no material reasons beyond those stated. The departure is orderly and impact is expected to be manageable.
Cressanda Railway impersonated via fake domain by ex-employee, vendor
Ex-employee, IT vendor created fake domain to impersonate Cressanda to key clients. Company alerted clients, terminated access, filing criminal complaint.
Omni AxS Software names Nikita Parekh as MD; nano-cap adds leadership
Board appoints Parekh for five-year term subject to shareholder approval. No strategic shift or financial change accompanies the move.
Bodhtree sets up US subsidiary Datakosa with just $10,000
The nano-cap IT firm enters the US market with a minimal upfront commitment, but the move signals a geographic push.
Persistent confirms Nagarro debt-funded, $650M deal is net-new
Transcript of June 28 call reiterates the €1.27B acquisition is fully debt-financed via Barclays, adds to earnings from year one, and the mega contract is new business with employee transfers.
HCLTech lands $1.14B AI deal with Fortune 50 firm
The net new contract runs from 2026 to 2031, but at roughly 1.4% of annual revenue, it won't materially move the needle for the $14.7B IT services giant.
3i Infotech renews SBI General data warehousing deal for ₹5.18 cr
The one-year renewal cum amendment covers project management, data modelling, and BI support, with an option to extend. It is the third notable order in as many months, though smaller than the HPCL and UAE wins.
Ramco Systems promotes Raghuveer Bilagi to CEO
The internal elevation of the President & COO who built the company's Australia and New Zealand business signals continuity and a growth focus.
Cambridge Tech promoter adds ₹86 lakh worth shares, stake now 57.13%
Cloud Computing LLC bought 2.71 lakh shares off-market on June 30, lifting its holding by 1.38 percentage points. A smaller follow-up to a larger March purchase.
Tata Tech deepens Tenneco tie-up with $100M pact, but annual run-rate is modest
The five-year strategic engagement, signed on June 30, extends a 2021 collaboration. At roughly ₹166 cr per year, it's less than 3.5% of revenue. An operational update, not a re-rating event.
Dev IT bags ₹2.79 cr order from GIFTCL for digital twin portal
The two-and-a-half-year fixed-cost contract covers a multilingual web portal and interactive digital twin for India's first IFSC. At 1.44% of FY26 revenue, it's a modest win for the nano-cap IT firm.
Hiliks Technologies to raise ₹24.84 cr via preferential shares, warrants
Board approves issue of 23 lakh equity shares and 11.5 lakh warrants at ₹72 each to five non-promoter investors, raising funds equivalent to 31% of market cap for growth capital.
GHV Infra lands three-notch credit upgrade from Acuité
Long-term rating raised to A from BBB-; short-term to A1 from A3. The move improves credit profile for the micro-cap with ₹1,514 cr market cap.
Avio Smart Market ties up with Intellecap to digitize farmer collectives
The non-binding MoU lets Avio offer its AVIO SMART platform to Farmer Producer Organisations via Intellecap's rural network. No financial terms disclosed, but the partnership adds credibility for the nano-cap.
Route Mobile ties up with Truecaller for verified business messaging
The partnership gives enterprises access to Truecaller's 500 million monthly active users, but no financial terms or revenue impact were disclosed.
Avio Smart Market inks AI MoU with StandardWings for rural digital infra
Non-binding deal targets crop advisory, precision farming, and carbon MRV, but carries no financial commitment. Partner is a smaller private tech firm.
Hexaware launches AI ops platform without customer commitments
Tensai for Reasoning Ops promises 25-40% faster resolution and 35-45% lower manual touch. But for a firm valued over ₹31,000 cr, a launch without deal sizes is routine.
KPIT warns of Q1 revenue decline as European automakers cut spending
Profit warning signals ~1% YoY USD revenue drop and steeper margin fall; H2 recovery expected.
Avance appoints Santosh Hambare as MD & CFO, fills vacancy after resignation
Hambare takes dual role, replacing former MD Latesh Poojary as NED and filling CFO gap left by Vijay Purohit's exit. Board also adds Dipak Gaikwad as independent director.
LTTS launches Ainfonix 4.0 AI platform – no revenue guidance
The engineering intelligence platform claims 85% data extraction accuracy and 30-50% faster retrieval, but the filing provides no customer wins or financial impact.
MapmyIndia elevates founder's son Rohan Verma to Joint MD, sharpens AI focus
Rohan Verma, 40, takes on a five-year term as Joint Managing Director. The promotion formalises his leadership role and signals a push into AI-native deep-tech products.
Newgen's founder-CMD has been out for over 45 days
Diwakar Nigam sidelined by pneumonitis, hospitalised intermittently in May-June 2026. Whole-time directors handle day-to-day operations.
Magellanic Cloud unit lands Manappuram LOI for 1,000+ branches
IVIS International's AI surveillance deal with a top gold lender is a major validation, but the LOI is non-binding and no contract value is disclosed.
Jonjua Overseas enters IBC fray with EOI for Soni Soya
The ₹9-cr nano-cap has filed an expression of interest in the insolvency process of Soni Soya Products, a listed Indore-based company, aiming for Central India expansion. No financial terms disclosed yet.
NPST guides 70-80% growth, but margin dips and receivables balloon
FY26 EBITDA margin falls to 31% from 37.4% as revenue mix shifts; trade receivables surge to ₹103 crore. Management says it's a deliberate near-term trade-off for international scaling.
ERP Soft loses insider-trading compliance data after tech failure
The SDD system crashed on 29 June with no backup, but financial records and operations are intact.
Ekansh to issue 4.43 cr shares, promoters get 74% in reverse merger
Board approves absorbing Sankalp Industrial Infratech via share swap. Public holding drops from 100% to 26.29%.
Mastek helps Yanbu Cement double truck turnaround via IoT
The partnership is a completed project case study with no contract value or revenue impact disclosed for Mastek itself.
Mphasis joins Microsoft security partner ecosystem, no financials disclosed
The IT firm enters MISA to deepen AI-powered cybersecurity offerings. No revenue or contract value was announced.
Persistent funds Nagarro with debt, relabels margin
Persistent Systems uses €1.27B bridge loan from Barclays for Nagarro SE, no equity dilution. But a 15.6% margin cited earlier as EBIT is now called EBITDA, raising clarity questions.
Blue Cloud Softech empanelled by BSNL for enterprise private networks
The micro-cap qualifies to bid for private network projects across India under a 60-month agreement. The move adds strategic credibility but no guaranteed revenue.
HCLTech teams up with Google Cloud, ServiceNow on AI agents
The expanded collaboration builds on HCLTech's Gemini unit, but no revenue impact or order value was disclosed, routine for a $14.7B firm.
Route Mobile's Colombian unit hit by cyber incident, contained
Masivian S.A.S. systems isolated; parent says no spread. Financial impact not quantified.
OnMobile raises ₹100 cr via NCDs at steep 13.60-13.88% coupon
The debt equals 18% of market cap for a loss-making micro-cap. High yield signals elevated credit risk and likely liquidity needs for gaming pivot.
HCLTech-Nokia AI network deal: another no-number partnership
Four new rApps on Nokia's marketplace, but no disclosed revenue or contract value. For a $14.7B firm, this is portfolio-building, not earnings-moving.
HCLTech lands Neste as client; no deal value disclosed
World's top sustainable fuel producer picks HCL for IT consolidation. For a ₹3 lakh-cr firm, it's a branding win, not a revenue catalyst.
Tata Elxsi's NEURON platform delivers 60–70% cost cuts for Sky
The AI-led network transformation with the European telecom giant validates Tata Elxsi's autonomous network capabilities, but revenue impact remains undisclosed.
Identixweb swaps ₹12.23 cr loan for equity in loss-making subsidiary Munim ERP
The conversion raises Identixweb's stake to 70.05% in Munim ERP, which has negative net worth of ₹3.10 cr and revenue of ₹1.96 cr. The deal size is 17.7% of the parent's market cap.
Virgo Global promoter dumps 10.6% stake in single day
Shri Nakoda Logistics sold 11.15 lakh shares on BSE, cutting holding from 30.98% to 20.36% for a nano-cap with zero revenue and mounting losses.
Infosys guides low, but AI hits $1B run rate
FY26 revenue rose 3.1% to $20.2B, large deals $14.9B. FY27 outlook: 1.5-3.5% growth, 20-22% margin. Shareholders' bonus and stock questions went unanswered.
HCLTech joins TM Forum AI framework, no revenue disclosed
HCLTech, along with Circles and Greyskies, will co-develop an AI-powered multi-agent framework for autonomous network operations. Partners include Circles.Life, KDDI, Orange, TELUS. No financial terms.
NIIT Learning Systems launches AI suite, but no orders disclosed
The four-area portfolio targets enterprise L&D transformation. Without client commitments or revenue guidance, the strategic push lacks near-term financial impact.
NPST lands UPI TPAP order from Maharatna PSU, but value stays under wraps
The small-cap fintech will serve as Technology Service Provider on a SaaS model, generating recurring revenue. But no financial terms disclosed, leaving the materiality unclear against its ₹3,291 cr market cap.
Saksoft appoints UK growth chief for Acuma Solutions
Deepankur Kukreja joins as Chief Growth Officer effective June 23. The role is routine with no material financial impact.
Svam Software turns to agritech, seeks nod for name change
The board has approved a strategic pivot into agritech, farming and construction, and a name change to Svam Agritech. An EGM on July 14 will seek shareholder approval.
GHV Infra lands ₹213 cr order from related party for railway work
The order is 35% of FY26 revenue and must be completed in 14 months. Counterparty is promoter-linked but at arm's length.
Blue Cloud Softech takes a non-binding AI bet with SpaceX International
The IT firm set up an information exchange framework with a globally recognized brand. No financial terms, no due diligence, no binding agreement.
3i Infotech lands ₹33.6 cr UAE order, its second big win this month
The one-year contract covers cybersecurity and cloud security roles. At 9.36% of market cap, it's a material boost for the nano-cap IT firm.
Avance Technologies loses its CFO without naming a successor
CFO Vijay Purohit resigns effective June 20, citing personal commitments; the nano-cap company's finance chief post is now vacant.
Intense Technologies founder C.K. Shastri to retire in June 2026
The founder and MD of the ₹240 crore software firm is stepping back from active management, citing health, and will take an advisory role as Chairman Emeritus.
Nintec Systems bags €1.1M AI deal with Finnish firm
The perpetual contract, worth ~7% of annual revenue, extends Nintec's AI-first push into the Nordic region and implies recurring revenue.
OnMobile board to weigh NCD issue on June 24
Board meets June 24 to approve private placement of debentures. For a ₹558 cr company with debt/equity of 0.07, new borrowing would shift the balance sheet, but the filing leaves every detail blank.
Magellanic Cloud plans preferential issue, size under wraps
Board to meet June 25 to consider issuing equity or convertible warrants. Trading window closed. No pricing or quantum disclosed yet.
Globalspace Tech converts ₹12.64 cr loan to equity, lifts Miljon stake to 99.83%
The conversion, representing 14.4% of market cap, wipes out a liability and deepens the parent's bet on a pre-revenue pharma-tech platform.
Coforge sets FY27 margin target of 20.5%, eyes $5B by FY30
Management guided for EBITDA margin of 20.5% and EBIT of 16.5-17% for FY27, backed by Encora consolidation and AI savings, with a long-term vision of $5B revenue by FY30.
3i Infotech renews NCDEX contract for ₹14.71 cr
The three-year managed services deal adds 2.1% to FY26 revenue and signals continued trust from a reputed exchange amid audit challenges.