SRIT India IPO

Subscription Status

GMP History

Financial Performance

As disclosed by SRIT India in its offer document.

Strengths and risks

Taken from SRIT India's own offer document — not Arthneeti's assessment.

• ✓SRIT India has a 26-year track record of designing, implementing, and operating digital platforms for government clients and enterprises. In the last decade, it has executed more than 103 projects with a total order value of Rs 1,234.72 crore across healthcare, electronic governance, and telecommunications and broadband.
• !A significant portion of SRIT India’s revenue is derived from government entities, which contributed Rs 402.34 crore (89.41%), Rs 355.63 crore (91.34%), and Rs 221.87 crore (81.84%) to revenue from operations in FY26, FY25, and FY24, respectively. Government entities also accounted for Rs 1,020.50 crore (86.28%), Rs 1,141.67 crore (93.88%), and Rs 1,377.81 crore (93.29%) of the company’s order book in FY26, FY25, and FY24. Failure to qualify for or win government tenders, or a reduction in tenders released by government customers, could adversely affect the company’s business, financial condition, cash flows, and growth prospects.
• ✓As of June 30, 2026, the company had an order book of Rs 1,204.72 crore and 102 ongoing orders across its three business verticals. Its projects cover multiple sectors, government departments, and geographies.
• !A significant portion of SRIT India’s revenue from operations is derived from its top 10 customers, which contributed Rs 402.12 crore (89.36%), Rs 360.89 crore (92.68%), and Rs 229.14 crore (84.54%) in FY26, FY25, and FY24, respectively. The company’s dependence on these customers, combined with its reliance on competitive bidding to secure projects, means that the loss of one or more major customers, lower demand, unsuccessful bids, or failure to retain existing projects could adversely affect its revenue, profitability, cash flows, and financial condition.

About SRIT India

SRIT India Limited is a Bengaluru-headquartered information technology and IT-enabled services company providing digital solutions, system integration, and automation services. Its operations are organised across healthcare, electronic governance, and telecommunications and broadband. In healthcare, the company provides hospital information systems, revenue cycle management, digital health platforms, system integration, implementation, data migration, and maintenance services. Its electronic governance services include e-governance platforms, cybersecurity solutions, enterprise software and digital service delivery systems for government clients and enterprises. In telecommunications and broadband, it provides networking, connectivity, system integration, and managed services, including fibre optic networks, broadband infrastructure, IP-MPLS networks, and smart city infrastructure. The company also develops AI-enabled solutions, including AI-based video analytics software, and has undertaken projects for power transformer monitoring and digital monitoring. Its delivery processes are appraised at CMMI Level 5 and SSE-CMM and certified to ISO 27034-1:2011, ISO/IEC 27001:2022, and ISO 45001:2018. It has executed over 103 projects in the last decade.