ArMee Infotech

Ahmedabad, India Founded: 2003 • Age: 23 yrs Listed
Provides IT solutions, managed services, and digital projects for government and corporate sectors.
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About ArMee Infotech

ArMee Infotech is a publicly listed company based in Ahmedabad (India) founded in 2003. It provides IT solutions, managed services, and digital projects for government and corporate sectors. It operates on a B2B model in Energy & Utilities and Technology sectors. The company has 1,607 employees. Its Indian entity Armee Infotech Limited reported revenue of ₹1,410 Cr. ArMee Infotech offers products and services including System Integration Projects, IT Infrastructure Projects, Solar EPC Services, IT Facility Management, and Capacity Building Programs. Its focus areas include Energy, Renewable Energy, Solar and EPC Projects. Its competitors include Persistent and Happiest Minds; 2 of its 2 listed competitors have raised funding.

Company details

ArMee Infotech Limited, established in 2003 and headquartered in Ahmedabad, India, specializes in end-to-end IT infrastructure solutions and managed services. They supply and install IT hardware, set up ICT labs and smart classrooms, and digitalize systems for sectors like government, corporate, BFSI, and education. The company also handles projects in renewable energy, such as solar EPC, and operates across multiple Indian locations to ensure reliable support and innovation.

  • Headquarters Ahmedabad, India
  • Employees 1,607
  • Stage Public
  • Sectors
    Energy & Utilities
    Technology
  • Email
    ••••••••
  • Website armeeinfotech.com
  • Social LinkedIn
  • Legal Name Armee Infotech Limited
Operational Areas
Energy & Utilities → Renewable Energy Platforms
Technology → API Management
Key Metrics
  • Market Cap
    ₹842 Cr

    ARMEE · NSE

  • Share Price
    ₹271.85

    +2.41% today

  • Revenue
    ₹1,397 Cr

    FY 2025-26 · +6.3% YoY

  • EBITDA
    ₹75.65 Cr

    Margin 5.4%

  • Net Profit
    ₹45.49 Cr

    FY 2025-26 · +9.3% YoY

  • P/E (TTM)
    17.6x

    P/B 1.7x

  • ROE
    28.5%

    ROCE 29.5%

  • Debt / Equity
    0.75

    Interest cover 34.4x

  • Employee Count
    1,607

Products & Services of ArMee Infotech

ArMee Infotech offers a comprehensive portfolio of products and services, including System Integration Projects, IT Infrastructure Projects, Solar EPC Services, IT Facility Management, and Capacity Building Programs.

System Integration Projects
IT Services

Manages large-scale IT system integration for various sectors.

IT Infrastructure Projects
IT Management

Handles end-to-end IT infrastructure setup and maintenance.

Solar EPC Services
Energy Solutions

Implements solar energy projects from 1 MW to 150 MW.

IT Facility Management
Support Services

Optimizes IT infrastructure for performance and reliability.

Capacity Building Programs
Skill Development

Focuses on skill projects and employment generation initiatives.

Board of directors of Armee Infotech Limited (ArMee Infotech)

Armee Infotech Limited is the primary company behind ArMee Infotech. The board of Armee Infotech Limited currently have 6 directors; the longest-serving is Ridhish Kiritbhai Patel, appointed in 2012. 11 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Ridhish Kiritbhai Patel
DIN 02876453
Managing Director22 May 201214 yrs 5 moArmee Infotech Limited
Ami Ridhish Patel
DIN 03330034
Whole-time director18 Jan 20242 yrs 9 moArmee Infotech Limited
Sujit Gulati
DIN 00177274
Director22 Apr 20242 yrs 6 moArmee Infotech Limited
Preet Prakashbhai Shah
DIN 05131516
Director22 Apr 20242 yrs 6 moArmee Infotech Limited
Kartik Shailesh Mehta
DIN 02083342
Director06 Sep 20251 yr 1 moArmee Infotech Limited
Vinodkumar Bhanwer Singh
DIN 10454743
Director06 Sep 20251 yr 1 moArmee Infotech Limited

People of ArMee Infotech

6 people are tracked at ArMee Infotech (4 in leadership, 2 in team); the tracked headcount is 1,607.

NameRoleGroup
Nirmalya Banerjee
Head - Renewable Energy & Capacity BuildingLeadership
Ridhish Patel
Group CEOLeadership
Aruna Maheshwari
Chief Finance OfficerLeadership
Bindiya Shah
Head - HRLeadership
Purnima Jain
Company Secretary And Compliance OfficerTeam
Sahil Dewan
Project ManagerTeam
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Complete people profiles for ArMee Infotech

Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.

  • Full employee list
  • Team structure
  • Board tenure
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IPO & Listings of ArMee Infotech

ArMee Infotech is a publicly listed company on the NSE with ticker symbol ARMEE in India, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • IPO date30 Sep 2026
  • Listed onNSE: ARMEE
  • Listed entityArMee Infotech Limited
  • Exchange sectorTechnology services
  • ISININE0TWE01016
  • Share price₹241.15 (+1.22% on the day) · 2026-10-14
  • Market capitalisation₹755 Cr
  • Volume (last session)423,406

Financials of ArMee Infotech

Exchange-reported figures of Armee Infotech Limited, the listed company behind ArMee Infotech (NSE: ARMEE).

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹1,397 Cr
+6.3% YoY
EBITDA
₹75.65 Cr
+29.0% YoY
Profit After Tax
₹45.49 Cr
+9.3% YoY
Net Worth
₹182 Cr
+33.3% YoY
Total Assets
₹385 Cr
+93.9% YoY
Total Debt
₹191 Cr
+287.2% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24
Income statement
Revenue1,3971,3131,021
Revenue growth+6.3%+28.7%-
EBITDA75.6558.6471.57
EBITDA margin+5.4%+4.5%+7.0%
Profit before tax61.0153.2063.78
Net profit45.4941.6350.11
Net profit margin+3.3%+3.2%+4.9%
EPS (₹)19.1617.5621.12
Balance sheet
Total assets385198132
Net worth18213795.17
Total debt19149.2327.33
Cash & bank96.4927.7737.69
Net working capital21912796.42
Cash flow
Cash from operations12.48(17.98)55.19
Cash from investing(102)(12.65)(21.29)
Cash from financing10415.94(13.05)
ParticularsJun 2026Mar 2026Jun 2025
Revenue276825271
Revenue growth (YoY)+1.7%--
Other income0.320.770.07
EBITDA6.9464.273.04
EBITDA margin+2.5%+7.8%+1.1%
Depreciation1.290.800.42
Interest3.464.083.12
Profit before tax2.5160.16(0.43)
Tax0.7015.02(0.08)
Net profit1.8145.14(0.35)
EPS (₹)0.7619.02(0.15)
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Income statement
Revenue1,4561,2941,005503125105
Revenue growth+12.5%+28.8%+99.8%+301.6%+19.2%-
EBITDA81.9557.5568.5717.0312.2311.30
EBITDA margin+5.6%+4.5%+6.8%+3.4%+9.8%+10.8%
Profit before tax68.4852.4160.7419.494.675.26
Net profit51.2741.2147.6816.573.333.72
Net profit margin+3.5%+3.2%+4.8%+3.3%+2.7%+3.5%
EPS (₹)21.6017.3820.1041.918.519.42
Balance sheet
Total assets34119412883.8568.6765.63
Net worth18713694.3946.7030.0926.70
Total debt14446.5724.7932.1625.9222.66
Cash & bank46.0327.7037.667.9412.1013.47
Net working capital21112191.2062.5650.8843.59
Cash flow
Cash from operations23.00(18.16)54.62(6.78)(2.17)(7.60)
Cash from investing(86.56)(12.55)(21.36)5.512.33(0.49)
Cash from financing67.3315.97(12.45)1.49(1.94)7.61
ParticularsJun 2026Mar 2026Jun 2025
Revenue273893270
Revenue growth (YoY)+1.1%--
Other income0.671.670.07
Total expenses266825266
EBITDA7.7268.344.69
EBITDA margin+2.8%+7.7%+1.7%
Depreciation1.290.790.41
Interest3.423.993.04
Profit before tax3.6865.231.31
Tax0.9115.050.35

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 24 Oct 2026
ParticularsJun 2026Mar 2026Jun 2025
Revenue276825271
Revenue growth (YoY)+1.7%--
Other income0.320.770.07
EBITDA6.9464.273.04
EBITDA margin+2.5%+7.8%+1.1%
Depreciation1.290.800.42
Interest3.464.083.12
Profit before tax2.5160.16(0.43)
Tax0.7015.02(0.08)
Net profit1.8145.14(0.35)
EPS (₹)0.7619.02(0.15)
ParticularsFY 2025-26FY 2024-25FY 2023-24
Revenue1,3971,3131,021
Revenue growth+6.3%+28.7%-
Other income13.472.473.42
Total expenses1,3211,255949
Employee cost52.3750.4442.30
EBITDA75.6558.6471.57
EBITDA margin+5.4%+4.5%+7.0%
Depreciation3.171.194.53
Interest24.946.726.68
Profit before tax61.0153.2063.78
Tax15.5211.5313.65
Net profit45.4941.6350.11
Net profit margin+3.3%+3.2%+4.9%
EPS (₹)19.1617.5621.12
ParticularsFY 2025-26FY 2024-25FY 2023-24
Equity & liabilities
Share capital23.7323.7323.73
Reserves & surplus15811371.44
Shareholders' funds (net worth)18213795.17
Minority interest0.000.000.00
Secured loans15334.5917.16
Unsecured loans37.1614.6410.17
Total debt19149.2327.33
Total liabilities385198132
Assets
Gross block39.1313.8317.67
Net block34.1911.678.54
Capital work in progress70.398.320.00
Investments0.000.000.00
Inventories17.3179.9436.88
Sundry debtors513590292
Cash & bank balances96.4927.7737.69
Loans & advances16659.44271
Total current assets793757638
Total current liabilities574630542
Net working capital21912796.42
Total assets385198132
ParticularsFY 2025-26FY 2024-25FY 2023-24
Opening cash6.6221.310.46
Net cash from operating activities12.48(17.98)55.19
Net cash from investing activities(102)(12.65)(21.29)
Net cash from financing activities10415.94(13.05)
Net change in cash14.69(14.70)20.85
Closing cash96.4927.7737.69
ParticularsFY 2025-26FY 2024-25FY 2023-24
Growth
Sales growth+6.3%+28.7%-
EBITDA growth+29.0%-18.1%-
PBT growth+14.7%-16.6%+9997.0%
Net income growth+9.3%-16.9%-
Profitability & leverage
Net income margin+3.3%+3.2%+4.9%
Return on capital employed+29.5%+36.3%+53.4%
Return on net worth+28.5%+36.0%+52.7%
Debt / equity0.750.330.29
Long-term debt / equity0.390.110.11
Interest cover34.4111.709.96
Efficiency & per share
Fixed asset turnover52.7483.3857.76
Inventory turnover28.7222.4827.67
Debtors turnover2.532.983.49
EPS (₹)19.1617.5621.12
Dividend per share (₹)0.000.000.00
Book value per share (₹)76.7757.5940.11
ParticularsJun 2026Mar 2026Jun 2025
Revenue273893270
Revenue growth (YoY)+1.1%--
Other income0.671.670.07
Total expenses266825266
EBITDA7.7268.344.69
EBITDA margin+2.8%+7.7%+1.7%
Depreciation1.290.790.41
Interest3.423.993.04
Profit before tax3.6865.231.31
Tax0.9115.050.35
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Revenue1,4561,2941,005503125105
Revenue growth+12.5%+28.8%+99.8%+301.6%+19.2%-
Other income14.362.463.2612.982.271.20
Total expenses1,3741,23693648611393.75
Employee cost44.2844.3940.1537.407.174.67
EBITDA81.9557.5568.5717.0312.2311.30
EBITDA margin+5.6%+4.5%+6.8%+3.4%+9.8%+10.8%
Depreciation3.141.174.514.604.274.34
Interest24.696.436.585.925.562.90
Profit before tax68.4852.4160.7419.494.675.26
Tax17.2111.1613.042.921.301.54
Net profit51.2741.2147.6816.573.333.72
Net profit margin+3.5%+3.2%+4.8%+3.3%+2.7%+3.5%
EPS (₹)21.6017.3820.1041.918.519.42
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Equity & liabilities
Share capital23.7323.7323.733.963.963.96
Reserves & surplus16311270.6642.7426.1322.74
Shareholders' funds (net worth)18713694.3946.7030.0926.70
Secured loans11432.8415.3419.0013.4111.08
Unsecured loans29.9113.739.4513.1612.5111.58
Total debt14446.5724.7932.1625.9222.66
Total liabilities34119412883.8568.6765.63
Assets
Gross block32.1813.5117.3723.5723.2324.45
Net block27.4911.478.4010.9815.2420.11
Capital work in progress3.098.320.000.000.000.00
Investments22.992.162.160.220.220.16
Inventories14.3278.3535.347.2419.4722.81
Sundry debtors51157528111046.1450.32
Cash & bank balances46.0327.7037.667.9412.1013.47
Loans & advances23555.6626969.8628.208.60
Total current assets80673662319510695.20
Total current liabilities59561553213255.0351.61
Net working capital21112191.2062.5650.8843.59
Total assets34119412883.8568.6765.63
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Opening cash6.5521.280.460.242.022.50
Net cash from operating activities23.00(18.16)54.62(6.78)(2.17)(7.60)
Net cash from investing activities(86.56)(12.55)(21.36)5.512.33(0.49)
Net cash from financing activities67.3315.97(12.45)1.49(1.94)7.61
Net change in cash3.78(14.73)20.820.22(1.78)(0.48)
Closing cash46.0327.7037.667.9412.1013.47
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Growth
Sales growth+12.5%+28.8%+99.8%+301.6%+19.2%-
EBITDA growth+42.4%-16.1%+302.6%+39.3%+8.2%-
PBT growth+30.7%-13.7%+211.7%+317.3%-11.2%+9997.0%
Net income growth+24.4%-13.6%+187.8%+397.6%-10.5%-
Revenue CAGR (3Y)+42.5%+117.8%+112.3%---
EBITDA CAGR (3Y)+68.8%+67.6%+82.4%---
Profitability & leverage
Net income margin+3.5%+3.2%+4.8%+3.3%+2.7%+3.5%
Return on capital employed+34.8%+36.6%+63.5%+33.3%+15.2%+14.5%
Return on net worth+31.8%+35.9%+67.6%+43.2%+11.8%+15.0%
Debt / equity0.590.310.400.760.860.68
Long-term debt / equity0.250.110.100.140.300.26
Interest cover31.3311.4010.2747.6369.8541.67
Efficiency & per share
Fixed asset turnover63.7383.8049.0721.485.253.96
Inventory turnover31.4222.7647.1837.645.927.10
Debtors turnover2.683.025.146.452.602.57
EPS (₹)21.6017.3820.1041.918.519.42
Dividend per share (₹)0.000.000.000.000.000.00
Book value per share (₹)78.6857.1039.77118.0776.0767.49

Competitors of ArMee Infotech

ArMee Infotech has 2 listed competitors in our database, 2 of them funded. They include Persistent and Happiest Minds.

Company NameDomainFoundedHQ LocationTotal fundingEmployeesDescription
Persistent
persistent.com1990Pune, India$18.8M20,909
IT consulting, data analytics, and digital transformation services are provided.
Happiest Minds
happiestminds.com2011Bengaluru, India$64.83M4,517
IT outsourcing services are delivered across multiple business lines.
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Web traffic of ArMee Infotech

The website of ArMee Infotech (armeeinfotech.com) receives about 7.7K visits a month.

  • Monthly visits
    7.7K

    ▲ 421.2% vs previous month

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Related news about Armee Infotech

ArMee Infotech Shares Debut with a 2% Discount on BSE Post IPO
Moneycontrol • 24 days ago
Share Price, IPO Listing Updates: Adroit Industries stock ends 85% over IPO price, Swastika Infra at upper circuit, ArMee and Elevate Campuses sink - The HinduBusinessLine
Thehindubusinessline • 24 days ago
Adroit Ind gains 85%, Swastika infra hits upper circuit, ArMee, Elevate fall on debut day - The HinduBusinessLine
Thehindubusinessline • 24 days ago
ArMee Infotech shares to list today: Check GMP ahead of debut - The Economic Times
Economic Times • 24 days ago
ArMee Infotech IPO Subscribed 2.4x on Day 3
Moneycontrol • 29 days ago
ArMee Infotech IPO Day 2: Should you apply? Anil Singhvi shares his views
ZEE Business • 1 month ago
Rs 3,825 crore IPO rush: 6 companies to launch public issues next week
Moneycontrol • 1 month ago
ArMee Infotech secures BOS contracts for 600 MW Fatehgarh solar project
v magazine • 1 month ago
Armee Infotech Refiles Draft Papers For Rs 300-crore Ipo, Plans Expansion Of Business
Moneycontrol • 1 year ago
IT Infrastructure Solutions Provider Armee Infotech Files Papers to garner Rs 250 crore via IPO
Timesnownews • 2 years ago
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Frequently Asked Questions about ArMee Infotech

ArMee Infotech was founded in 2003.

ArMee Infotech is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.

ArMee Infotech has 1,607 employees.

The primary company behind ArMee Infotech, Armee Infotech Limited, reported revenue of ₹1,410 Cr for FY 2026, up 6% year on year.

ArMee Infotech Limited, established in 2003 and headquartered in Ahmedabad, India, specializes in end-to-end IT infrastructure solutions and managed services. They supply and install IT hardware, set up ICT labs and smart classrooms, and digitalize systems for sectors like government, corporate, BFSI, and education. The company also handles projects in renewable energy, such as solar EPC, and operates across multiple Indian locations to ensure reliable support and innovation.

ArMee Infotech's top competitors include Happiest Minds and Persistent.

ArMee Infotech offers System Integration Projects, IT Infrastructure Projects, Solar EPC Services, IT Facility Management, and Capacity Building Programs.

Yes, ArMee Infotech is publicly traded on NSE under the ticker symbol ARMEE.

ArMee Infotech operates through Armee Infotech Limited.

The legal entities of ArMee Infotech currently have 8 directors, including Ridhish Kiritbhai Patel, Kartik Shailesh Mehta, Vinodkumar Bhanwer Singh and others.

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