Professional Services
60 recent notes from companies in this sector. 20 companies tracked.
Icon Facilitators wins ₹1.12 cr order from Cushman & Wakefield
The 12-month technical services contract for two Gurugram properties is small but material for the nano-cap firm, exceeding 1% of its ₹64 cr market cap.
ITCONS lands ₹81 lakh UP Revenue contract, but it's too small to matter
The staffing firm will supply 108 resources for five months from July 2026. At 0.31% of market cap, the win is incremental for a company that regularly bags state government deals.
Exhicon pockets ₹20.81 cr as non-promoters exercise warrants
Six investors pay remaining 75% of exercise price, converting 8.81 lakh warrants into shares. The 2.7% dilution is modest and brings growth capital without changing control.
Innovatus standalone revenue plunges 84% to ₹3.17 cr in FY25
The parent company's core operations have shrunk dramatically; a consolidated picture still shows a 9% dip.
Innovision lands ₹44.6 cr NHAI toll contract for Ranchi bypass
The one-year deal adds to a streak of NHAI awards this month, including a ₹205 cr contract two weeks ago. At 4.6% of last year's revenue, it incrementally boosts near-term visibility.
Praveg board to convert promoter loans, eye fresh funds on July 22
Debt-to-equity swap moves from framework to formal proposal. A new fundraising plan could dilute the micro-cap's equity, but no terms are disclosed yet.
Innovision bags ₹205 cr NHAI toll contract, its biggest yet
The Kishangarh plaza award is worth 29.6% of market cap and ~21% of annual revenue. A one-year contract disclosed just days after a corrected ₹197.5 cr order.
Praveg creates framework to swap promoter debt for equity
An amendment to a May loan agreement with Jhaveri Credits lets the company issue shares or warrants to settle dues, but only after future approvals. No immediate conversion.
Innovatus hit with GST show‑cause notice over ₹8 cr
The demand is material for a ₹34 cr market‑cap nano‑cap. Company will contest, but also postponed financial results.
Innovision bags ₹27.5 cr NHAI toll contract for Tamil Nadu plaza
The one-year order from NHAI for Kariyamanglam Fee Plaza is material at ~4% of market cap, adding to a consistent run of highway fee-collection mandates.
Innovision lands ₹9.23 cr NHAI toll contract, its smallest in recent streak
The one-year Vaddupalli fee plaza deal is less than 1% of FY26 revenue and about 1.3% of market cap, a routine addition to a regular stream of similar contracts.
Exhicon promoter puts ₹23.95 cr into warrants
Promoter Mohammad Quaim Syed to get 5 lakh warrants at ₹479 apiece, convertible in 18 months. The ~3.3% equity raise signals confidence but needs shareholder nod.
SIS Limited crosses 5% in Updater Services, signals strategic intent
Industry peer SIS now holds 5.17% after open-market buys on July 3. Bandhan MF's stake was cut to 6.26%.
Nis Management lands ₹11.9 cr WBSEDCL security contract
The two-year deal from a state utility is worth 12% of market cap and adds revenue visibility for the nano-cap facility manager.
Innovision scrubs ₹8 cr order, reveals it's actually ₹197.5 cr NHAI deal
A clerical error had understated the Ghamroj toll contract by 24x. The corrected figure is worth about 20% of annual revenue.
Karnataka High Court quashes EPFO's ₹184.58 cr notice against TeamLease
The court directed EPFO to consider TeamLease's reply and conduct a fresh enquiry, but the immediate cash outflow threat of about 7.7% of market cap is removed.
Bluspring's STEAG unit lands second ₹1,437 cr Vedanta O&M contract in a month
Follows a ₹1,219.85 crore deal for another plant. The two orders together exceed the company's market capitalisation.
BLS subsidiary buys fintech Atyati for ₹156.82 cr
The all-cash deal adds a ₹375.8 cr revenue platform with AI-powered banking tech, deepening BLS's business correspondent and micro-lending play.
Exhicon board to eye fundraising; size and pricing remain blank
The board will meet on July 7 to discuss a preferential issue or private placement. No terms have been disclosed yet. Trading window is closed from July 2.
Revolt Motors launches RVX electric bike at ₹1.24 lakh
RattanIndia's EV arm unveils its most powerful e-bike with a 4kW mid-drive motor, 160 km range, and a Delhi-specific price of ₹94,990.
Innovision posts ₹979 cr FY26 revenue with clean audit
Standalone revenue at ₹9,793.98 million, net profit ₹375.61 million. Auditors issued unmodified opinion on both standalone and consolidated results.
Gretex Corporate's Sales-VP Deepak Shah quits, effective June 2026
The micro-cap merchant banker loses a senior sales hand, but the departure is not C-suite. Impact likely limited given the role and smooth handover.
BharatRohan builds hyperspectral camera prototype
The indigenous camera for drones reduces import dependence and opens defence, mining markets. Field trials and commercial rollout are pending.
SIS board approves fifth buyback of up to ₹120 crore at ₹478.50
Buyback at 1.95% of market cap signals confidence. Director continuation routine. Final approvals pending.
SIS board to weigh buyback on June 29
Mid-cap security firm signals confidence. Trading window shut ahead of price-sensitive board meet.
Innovision lands ₹7.73 cr NHAI contract, but smallest in recent streak
The Pileru-Puthalapattu toll award is less than 1% of revenue and 1.1% of market cap, a fraction of the ₹25-37 cr wins Innovision has been bagging this year.
Nis Management posts ₹5.09 cr loss on labour-code charge
The audited results confirm a year swung to loss by a ₹27.82 cr exceptional item. Of the ₹51.75 cr IPO proceeds raised in September, ₹36.91 cr sits idle in bank accounts.
ITCONS promoter Gaurav Mittal sells 2.22% stake in off-market deal
The sale, worth roughly ₹6.2 crore, drops Mittal's holding from 34.78% to 32.56% and the promoter group's from 64.52% to 62.30%. Buyer is undisclosed.
Mach Travel lands 50 corporate accounts in 2.5 months, builds recurring revenue base
New corporate travel vertical shifts from project-based MICE to multi-year contracts. Revenue impact expected from H1 FY27.
Mach Travel promoter doubles down with ₹6.5 cr share buy in a week
Amit Bhatia lifts total promoter holding above 74% via two open-market purchases, putting cash behind a string of recent government contracts.
PAN HR targets ₹1,000 cr by FY29 after profit jump
The transcript reveals a roadmap from ₹126 cr to ₹1,000 cr in three years, with a near-term 40% growth target for FY27 and plans to deploy IPO proceeds.
Mach Travel lands IRCTC empanelment for Swadesh Darshan, charter trains
The nano-cap now qualifies to bid on large-scale government tourism projects alongside IRCTC, with a five-fold workforce expansion to 360 employees backing the play.
PAN HR targets ₹1,000 cr revenue by FY29, 40% growth in FY27
Post-IPO cash deployment into 3PL and staffing drives a 158% profit jump. Management lays out three-year plan for a nano-cap with ₹46 cr market cap.
Mach Travel promoter Amit Bhatia lifts stake to 74% with ₹6.8 cr buy
The chairman's open-market purchase of 4,40,400 shares follows a ₹92 cr government mandate and signals confidence in the nano-cap travel services firm.
Exhicon adds Nashik to venue pipeline with heads of terms
The 9,775 sq m mixed-event site in Panchwati is the third such preliminary deal in months. Definitive pacts wait on design and approvals.
Happy Square projects ₹200 cr revenue. That's five times its market cap.
The ₹41 crore company guides for 80% FY27 growth, betting on a single government order and AI-driven scale. Margins stay flat at 7%+.
Bandhan Mutual Fund trims UDS stake, triggers SEBI disclosure
A ₹40 crore sale on June 5 cut the fund's holding from 9.25% to 6.26%, forcing a public filing under takeover rules.
Nis Management wins ₹15 cr Reliance renewal, 15% of its market cap
Seven Reliance entities renewed facility-management contracts with the nano-cap, securing revenue through March 2027.
Nis Management’s Q4 call adds no new numbers to a story the market already had.
The transcript reiterates last month’s concall summary on guidance, receivables, and a one-time hit. Nothing here moves the needle.
PAN HR's profit jumps 158% on cost cuts after SME IPO
The staffing firm's net profit more than doubled in the second half as restructuring took hold. The company is now debt-free with ₹2,433.61 lakhs in cash.
Innovision lands ₹25.69 cr NHAI toll contract
The micro-cap's latest NHAI win is worth 3.65% of its market cap, part of a ₹140 cr-plus mandate streak from the authority.
Nis Management cuts FY27 growth forecast to 12-15% from 20%
The facility management company is prioritising margins over scale after a year where subsidiary exits and a one-time provision dragged growth to 7.7%.
Bluspring's STEAG unit lands ₹2,049.8 cr BALCO contract
The five-year O&M deal for a 1,740 MW power plant is 1.65x Bluspring's entire market cap. It's STEAG's first major order since the acquisition.
Innovision lands ₹26.35 cr NHAI toll contract, its latest highway win
The micro-cap just added a one-year mandate from the government. The deal is 3.8% of its market value.
Innovision loses a whole-time director weeks after its listing
Gurpal Singh quit the board with immediate effect on June 3, citing personal reasons. The micro-cap has not disclosed a replacement.
ITCONS adds ICMR to its growing government client list.
The staffing firm lands a ₹1.23 crore, one-year contract to deploy 33 people. The win is small, but it adds to a pattern.
Nis Management posts 14% revenue growth, but labour provision muddies the quarter
Q4 revenue rose 13.96% and EBITDA grew 29.75%. A one-time charge for new labour codes was the main event.
BharatRohan revenue hits ₹85.41 cr as drone reach grows
The drone-agritech startup reported a 203% annual revenue jump to ₹85.41 crore. Profits rose at a slower pace due to higher taxes following its listing.
Mach Travel's profit rises on margin gain, Punjab mandate
FY26 revenue slipped 2.25%, but a 39 bps margin improvement and a ₹92 cr government order lifted profit.
PAN HR's profit shrinks as most of its IPO cash sits idle
A nano-cap posted a year-on-year decline in revenue and profit for FY26. A certificate shows most of its ₹14.04 crore IPO proceeds remain unspent.
Droneacharya posts ₹37 lakh profit, but revenue collapsed 57%
The company swung from a ₹13.47 crore loss to a small profit, but only by shrinking its top line from ₹34.52 cr to ₹14.67 cr.
Kaarya's auditor won't stand behind its ₹2 cr profit. There's a ₹7.58 cr GST hole.
A qualified audit opinion says Kaarya Facilities understated interest costs on unpaid GST and hasn't provided for staff gratuity. The company's entire market cap is ₹26 crore.
DroneAcharya's profit swing rests on a 57% revenue collapse.
The company turned a ₹13.47 crore loss into a ₹37 lakh profit. The top line shrank to ₹14.67 crore.
Praveg posts a ₹10 cr loss. The bigger move is the NSE listing push.
A loss on ₹242.4 cr of income. But the board's priority is a dual listing to chase better liquidity.
Rajasthan Petro Synthetics reports flat revenue of ₹23 lakhs for FY26
The nano-cap company posted a net profit of ₹0.17 lakhs, down from ₹63.70 lakhs in the prior year as other income dried up.
ITCONS E-Solutions posts 57% revenue growth for FY26
The company reported revenue of ₹87.74 crore and a profit of ₹5.26 crore, confirming figures previously shared with the market.
ITCONS E-Solutions revenue jumps 57% as board eyes ₹1,000 cr expansion
The staffing firm reported a net profit of ₹5.26 crore for FY26, while directors proposed a massive hike in borrowing and investment limits.
ITCONS earnings jump 56%, board proposes ₹1,000 cr borrowing limit
FY26 revenue rose to ₹87.74 crore on strong staffing demand. The board wants to triple its borrowing capacity, dwarfing its current market cap.
ITCONS wins ₹3.37 cr Delhi Police contract, its third government order this year
The manpower outsourcing deal crosses the 1% materiality threshold for the ₹325 cr market-cap company, adding to recent defence and agriculture ministry orders.
NIS Management lands ₹2.32 cr in facility service contracts
The nano-cap firm secured three new orders from Nesco and the West Bengal PWD, adding to its order book through March 2027.