Choice Capital Advisors Pvt. Ltd.

Company Profile

Incorporated in September 1999, SRIT India Limited is a Bengaluru-headquartered IT and ITeS company with 26 years of industry experience. The company designs, implements, and operates digital platforms, custom applications, and system integration services for government entities and enterprises across India and select international markets, including Qatar. It operates through three main business verticals—healthcare, electronic governance, and telecommunications—offering solutions such as digital health systems, e-governance platforms, fiber optic networks, cybersecurity, and emerging AI-enabled applications.

Over the last decade, SRIT India Limited has completed more than 103 projects for government and enterprise clients with a total order value of approximately ₹12,347.16 million. Its project history encompasses nationwide banking connectivity, state-wide fiber networks, AI-driven traffic management, and power transformer monitoring systems. Supported by CMMI Level 5 delivery processes and ISO certifications, the company grew its operational revenue.

For the year/period ended (Rs. in Cr.)

For year/ period ended ( in Cr.)

*Market cap @upper band

• Strong financial performance.
• Growing capabilities in AI-enabled solutions.
• Diversified presence across three key verticals.
• Experienced Promoters and Senior Management team.
• End-to-end digital solutions and integration capabilities.
• 26 years of industry experience and established track record.
• Strong Government and Enterprise project execution track record.

The Company SRIT INDIA LIMITED IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:

• Funding of capital expenditure requirements towards modernization of existing products and redevelopment (Rs. 12.86 Cr.)
• Funding working capital requirements of the Company (Rs. 124.00 Cr.)
• Achieving inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes

At the upper band of IPO Rs. 130, the stock is valued at 19.29 P/E multiple. Hence, well-informed investors subscribe for medium to long term perspective.