SoftTech targets ₹300 cr revenue in three years on TDR exchange fee income
SoftTech Engineers is earning a 0.5% fee on every transaction through a mandatory Mumbai TDR exchange it runs, a market worth roughly ₹8,000 cr a year. FY26 revenue rose 40% to ₹132.9 cr.
— 5 earlier stories on SoftTech Engineers Ltd. →What's new
- SoftTech runs a mandatory TDR exchange for Mumbai municipal projects, earning a 0.5% transaction fee.
- The TDR market in Mumbai is valued at roughly ₹8,000 cr annually.
- Management set a three-year revenue target of ₹300 cr, up from FY26's ₹132.9 cr.
Why this matters
SoftTech is pivoting from pure software to a fee-based platform model. The TDR exchange gives it a recurring revenue stream tied to a large, regulated market. Whether it can scale to ₹300 cr hinges on transaction volumes and margins in this new segment.
What we're watching
- TDR exchange transaction volumes and fee income growth in coming quarters.
- Progress on the ₹300 cr target against FY26's ₹132.9 cr baseline.
- Adoption of AI tools like CivitTwin in municipal and airport permits.
The full read
SoftTech Engineers is moving from selling software to running a regulated marketplace. Its mandatory TDR exchange in Mumbai collects a 0.5% fee on every transaction in a market worth ₹8,000 cr a year. That is a new fee income stream. In FY26, the company's core business grew 40% to ₹132.9 cr, with cash collections improving. Now management wants to hit ₹300 cr in revenue within three years, roughly doubling the top line. The growth plan leans on the TDR platform and digital contracts like the one with the Airport Authority of India. The question is whether the TDR exchange can generate enough transaction volume to move the needle, or whether it stays a niche municipal tool.
Questions answered
- What is the TDR exchange, and why does SoftTech operate it?
- The Transferable Development Rights exchange is a mandatory platform for transactions under Mumbai Municipal Corporation rules. SoftTech collects a 0.5% fee on all trades. The market is valued at roughly ₹8,000 cr annually.
- How fast did SoftTech grow in FY26?
- Revenue rose 40% year-on-year to ₹132.9 cr for the year ended March 2026. The company also cited a significant reduction in its cash collection cycle.
- What is the ₹300 cr target based on?
- Management stated a goal to reach ₹300 cr in revenue within three years. The filing does not break down which business segments will drive that growth.
- What digital transformation projects are underway?
- SoftTech is working with the Airport Authority of India on digital projects and rolling out AI-driven tools like CivitTwin to automate building permits. The call detailed these as ongoing initiatives.
Story so far
All notes on SOFTTECH →- 4 Jun 2026 · 5:36 PM IST SoftTech targets ₹300 cr revenue in three years on TDR exchange fee income
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