About Iris GST
Iris GST is a publicly listed company based in Mumbai (India) founded in 1994, and was acquired by Sovos Compliance in July 2025. It operates as a GST filing and compliance solutions are provided for businesses. The company has 343 employees. Its website irisgst.com draws about 39 thousand monthly visits. Its Indian entity Iris Regtech Solutions Limited reported revenue of βΉ129 Cr. Iris GST offers products and services including IRIS Sapphire, IRIS Topaz, IRIS Onyx, and IRIS Zircon. Its focus areas include FinTech, Finance & Accounting Tech, Accounting Solutions and Record to Report. Its competitors include Avalara, Exactera, TAINA Technology, Taxdoo and TaxJar and 3 more; 7 of its 8 listed competitors have raised funding.
Company details
GST filing solution for businesses. Its products include IRIS Sapphire for filing GST returns, GST reconciliation, annual GST return filing and e-sign; IRIS Topaz, to manage the life cycle of e-way bill: from generation and updates to rejection and cancellation; IRIS Peridot to can any GSTIN through the app to know their filing history, compliance score and report non-compliance- all in real-time; and IRIS Onyx, a solution for e-invoicing. The platform automatically generates reporting and summary dashboards. Users can also review and maintain detailed audit trails on the platform.
- Headquarters Mumbai, India
- Employees 343
- Stage Public
- SectorsTechnology
- Website category Finance · Accounting and Auditing
- Website irisgst.com
- Social LinkedIn X Facebook YouTube
- Acquired by Sovos Compliance (Jul 2025)
- Legal Name Iris Business Services Ltd
- Date of Incorporation 03 Oct, 2000
- Jurisdiction Vashi, Maharashtra, India
- Market Cap₹437 Cr
IRIS · NSE
- Share Price₹205.10
-3.40% today
- Revenue₹128 Cr
FY 2025-26 · +17.2% YoY
- EBITDA₹10.10 Cr
Margin 7.9%
- Net Profit₹124 Cr
FY 2025-26 · +915.7% YoY
- P/E (TTM)34.1x
P/B 2.2x
- ROE89.5%
ROCE 10.2%
- Debt / Equity0.02
Interest cover 7.0x
- Investors
- Employee Count343
- Acquired bySovos Compliance
(Jul 2025)
Associated legal entities of Iris GST
Iris GST operates through Iris Regtech Solutions Limited, a listed company (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Iris Regtech Solutions Limited Listed CIN L72900MH2000PLC128943 | Active | 03 Oct 2000 | Thane, Maharashtra | ₹129 Cr | 343 | 9 | View details |
Products & Services of Iris GST
Iris GST offers a comprehensive portfolio of products and services, including IRIS Sapphire, IRIS Topaz, IRIS Onyx, and IRIS Zircon.
Platform for GST return filing and reconciliation
System for generating and managing e-way bills
Solution for real-time e-invoice generation and integration
API for seamless GST data integration with ERPs
Apps and channels of Iris GST
its YouTube channel IRIS GST has 470 subscribers and 30 videos.
Videos from Iris GST
The most watched videos on Iris GST's YouTube channel, IRIS GST (470 subscribers). Click a video to play it here.
More on IRIS GST.
Investors in Iris GST
Iris GST has secured backing from 1 investor. Prominent investors backing the company include Sovos.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Tax and compliance management solutions are provided for businesses. | 1979 | sovos.com | Wilmington, United States |
Investor details for Iris GST
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
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Board of directors of Iris Regtech Solutions Limited (Iris GST)
Iris Regtech Solutions Limited is the primary company behind Iris GST. The board of Iris Regtech Solutions Limited currently have 6 directors; the longest-serving is Balachandran Krishnan, appointed in 2000. 11 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Balachandran Krishnan DIN 00080055 | Whole-time director | 03 Oct 2000 | 26 yrs | Iris Regtech Solutions Limited |
| Deepta Rangarajan DIN 00404072 | Whole-time director | 03 Oct 2000 | 26 yrs | Iris Regtech Solutions Limited |
| Bhaswar Mukherjee DIN 01654539 | Director | 09 Oct 2017 | 9 yrs | Iris Regtech Solutions Limited |
| Ashok Venkatramani DIN 02839145 | Director | 09 Oct 2017 | 9 yrs | Iris Regtech Solutions Limited |
| Puthenpurackal Kuncheria Xavier Thomas DIN 09760233 | Whole-time director | 11 Nov 2022 | 3 yrs 11 mo | Iris Regtech Solutions Limited |
| Madhavan Hariharan DIN 07217072 | Director | 14 Nov 2025 | 11 mo | Iris Regtech Solutions Limited |
IPO & Listings of Iris GST
Iris GST is a publicly listed company on the NSE with ticker symbol IRIS in India, operating in the IT - Software 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.
- Listed onNSE: IRIS
- Listed entityIris Regtech Solutions Limited
- Exchange sectorIT - Software
Financials of Iris GST
Exchange-reported figures of Iris Regtech Solutions Limited, the listed company behind Iris GST (NSE: IRIS).
Financial Highlights
FY 2025-26 Β· ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 128 | 110 | 102 | 73.57 | 61.27 | 57.15 | 51.00 |
| Revenue growth | +17.2% | +7.2% | +39.1% | +20.1% | +7.2% | +12.1% | - |
| EBITDA | 10.10 | 18.57 | 15.22 | 9.59 | 7.17 | 11.38 | 7.68 |
| EBITDA margin | +7.9% | +16.9% | +14.9% | +13.0% | +11.7% | +19.9% | +15.1% |
| Profit before tax | 130 | 18.77 | 10.21 | 5.19 | 1.61 | 3.62 | 0.55 |
| Net profit | 124 | 12.18 | 8.70 | 4.26 | 0.97 | 4.14 | 0.47 |
| Net profit margin | +96.3% | +11.1% | +8.5% | +5.8% | +1.6% | +7.2% | +0.9% |
| EPS (βΉ) | 61.50 | 6.34 | 4.49 | 2.21 | 0.52 | 2.19 | 0.25 |
| Balance sheet | |||||||
| Total assets | 208 | 86.95 | 53.68 | 42.92 | 38.67 | 36.19 | 38.72 |
| Net worth | 201 | 75.69 | 40.95 | 31.54 | 27.26 | 26.02 | 24.63 |
| Total debt | 1.66 | 4.31 | 6.47 | 5.71 | 6.63 | 6.23 | 11.03 |
| Cash & bank | 45.33 | 34.69 | 16.17 | 9.26 | 7.44 | 8.45 | 1.69 |
| Net working capital | 57.70 | 42.85 | 36.45 | 27.31 | 20.44 | 14.24 | 12.03 |
| Cash flow | |||||||
| Cash from operations | 105 | 27.44 | 11.70 | 5.71 | (0.41) | 11.78 | 1.80 |
| Cash from investing | (119) | (26.93) | (4.64) | (1.92) | (0.04) | (3.23) | (0.41) |
| Cash from financing | (2.91) | 17.89 | (1.26) | (1.69) | 0.27 | (4.42) | (3.07) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 32.75 | 39.15 | 35.59 | 28.56 | 25.19 | 29.74 | 32.83 | 26.91 |
| Revenue growth (YoY) | +30.0% | +31.6% | +8.4% | +6.1% | -8.9% | - | - | - |
| Other income | 2.49 | 2.45 | 3.28 | 118 | 1.19 | 0.82 | 0.49 | 0.81 |
| EBITDA | (1.67) | 2.86 | 4.60 | 0.15 | 0.10 | 5.01 | 5.19 | 4.73 |
| EBITDA margin | -5.1% | +7.3% | +12.9% | +0.5% | +0.4% | +16.8% | +15.8% | +17.6% |
| Depreciation | 1.44 | 0.54 | 0.54 | 0.51 | 0.50 | 0.45 | 0.52 | 0.37 |
| Interest | 0.34 | 0.11 | 0.21 | 0.08 | 0.16 | 0.20 | 0.19 | 0.22 |
| Profit before tax | (0.96) | 4.66 | 7.13 | 117 | 0.63 | 5.18 | 4.97 | 4.95 |
| Tax | 0.02 | 0.51 | 1.82 | 0.26 | 0.42 | 2.30 | 1.39 | 1.06 |
| Net profit | (0.98) | 4.15 | 5.31 | 117 | 0.21 | 2.88 | 3.58 | 3.89 |
| EPS (βΉ) | (0.47) | 2.00 | 2.56 | 56.85 | 0.11 | 1.36 | 1.77 | 1.96 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 123 | 104 | 96.85 | 67.54 | 56.15 | 53.94 | 48.88 |
| Revenue growth | +17.9% | +7.8% | +43.4% | +20.3% | +4.1% | +10.4% | - |
| EBITDA | 2.60 | 17.83 | 14.50 | 9.00 | 6.79 | 11.97 | 8.73 |
| EBITDA margin | +2.1% | +17.1% | +15.0% | +13.3% | +12.1% | +22.2% | +17.9% |
| Profit before tax | 124 | 17.96 | 9.60 | 4.55 | 1.29 | 4.22 | 1.59 |
| Net profit | 114 | 11.64 | 8.30 | 3.67 | 0.68 | 4.74 | 1.51 |
| Net profit margin | +92.5% | +11.2% | +8.6% | +5.4% | +1.2% | +8.8% | +3.1% |
| EPS (βΉ) | 58.44 | 6.09 | 4.28 | 1.90 | 0.35 | 2.51 | 0.80 |
| Balance sheet | |||||||
| Total assets | 207 | 88.46 | 55.99 | 45.74 | 42.17 | 40.00 | 41.84 |
| Net worth | 200 | 77.61 | 43.45 | 34.45 | 30.79 | 29.85 | 27.76 |
| Total debt | 1.66 | 4.31 | 6.47 | 5.71 | 6.63 | 6.23 | 11.03 |
| Cash & bank | 35.27 | 25.97 | 10.58 | 5.87 | 5.41 | 6.89 | 1.31 |
| Net working capital | 54.64 | 41.92 | 36.42 | 27.94 | 21.31 | 15.41 | 12.43 |
| Cash flow | |||||||
| Cash from operations | 101 | 24.56 | 9.51 | 3.86 | (0.92) | 10.51 | 2.48 |
| Cash from investing | (116) | (27.15) | (4.64) | (1.67) | 0.08 | (3.15) | (1.34) |
| Cash from financing | (2.88) | 17.93 | (1.27) | (1.54) | 0.29 | (4.41) | (3.09) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 30.86 | 37.91 | 34.23 | 27.09 | 23.82 | 28.30 | 31.32 | 25.71 |
| Revenue growth (YoY) | +29.6% | +34.0% | +9.3% | +5.4% | -8.2% | - | - | - |
| Other income | 2.79 | 2.34 | 3.25 | 112 | 1.17 | 0.79 | 0.45 | 0.67 |
| Total expenses | 32.42 | 35.19 | 29.77 | 27.00 | 23.89 | 23.49 | 26.31 | 21.07 |
| EBITDA | (1.56) | 2.72 | 4.46 | 0.09 | (0.07) | 4.81 | 5.01 | 4.64 |
| EBITDA margin | -5.1% | +7.2% | +13.0% | +0.3% | -0.3% | +17.0% | +16.0% | +18.0% |
| Depreciation | 1.32 | 0.54 | 0.53 | 0.50 | 0.49 | 0.45 | 0.50 | 0.37 |
| Interest | 0.33 | 0.10 | 0.20 | 0.07 | 0.15 | 0.20 | 0.17 | 0.20 |
| Profit before tax | (0.42) | 4.42 | 6.98 | 112 | 0.46 | 4.95 | 4.79 | 4.74 |
| Tax | 0.00 | 0.54 | 1.80 | 0.79 | 0.42 | 2.28 | 1.34 | 1.03 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 32.75 | 39.15 | 35.59 | 28.56 | 25.19 | 29.74 | 32.83 | 26.91 |
| Revenue growth (YoY) | +30.0% | +31.6% | +8.4% | +6.1% | -8.9% | - | - | - |
| Other income | 2.49 | 2.45 | 3.28 | 118 | 1.19 | 0.82 | 0.49 | 0.81 |
| EBITDA | (1.67) | 2.86 | 4.60 | 0.15 | 0.10 | 5.01 | 5.19 | 4.73 |
| EBITDA margin | -5.1% | +7.3% | +12.9% | +0.5% | +0.4% | +16.8% | +15.8% | +17.6% |
| Depreciation | 1.44 | 0.54 | 0.54 | 0.51 | 0.50 | 0.45 | 0.52 | 0.37 |
| Interest | 0.34 | 0.11 | 0.21 | 0.08 | 0.16 | 0.20 | 0.19 | 0.22 |
| Profit before tax | (0.96) | 4.66 | 7.13 | 117 | 0.63 | 5.18 | 4.97 | 4.95 |
| Tax | 0.02 | 0.51 | 1.82 | 0.26 | 0.42 | 2.30 | 1.39 | 1.06 |
| Net profit | (0.98) | 4.15 | 5.31 | 117 | 0.21 | 2.88 | 3.58 | 3.89 |
| EPS (βΉ) | (0.47) | 2.00 | 2.56 | 56.85 | 0.11 | 1.36 | 1.77 | 1.96 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 128 | 110 | 102 | 73.57 | 61.27 | 57.15 | 51.00 |
| Revenue growth | +17.2% | +7.2% | +39.1% | +20.1% | +7.2% | +12.1% | - |
| Other income | 122 | 2.51 | 0.66 | 1.33 | 0.74 | 0.22 | 0.58 |
| Total expenses | 118 | 91.11 | 87.08 | 63.98 | 54.10 | 45.77 | 43.32 |
| Employee cost | 67.88 | 53.08 | 51.30 | 40.80 | 34.77 | 30.99 | 28.38 |
| EBITDA | 10.10 | 18.57 | 15.22 | 9.59 | 7.17 | 11.38 | 7.68 |
| EBITDA margin | +7.9% | +16.9% | +14.9% | +13.0% | +11.7% | +19.9% | +15.1% |
| Depreciation | 2.08 | 1.53 | 4.52 | 4.71 | 5.23 | 6.27 | 6.16 |
| Interest | 0.56 | 0.78 | 1.15 | 1.02 | 1.07 | 1.71 | 1.55 |
| Profit before tax | 130 | 18.77 | 10.21 | 5.19 | 1.61 | 3.62 | 0.55 |
| Tax | 3.01 | 5.51 | 1.42 | 0.92 | 0.63 | (0.52) | 0.08 |
| Net profit | 124 | 12.18 | 8.70 | 4.26 | 0.97 | 4.14 | 0.47 |
| Net profit margin | +96.3% | +11.1% | +8.5% | +5.8% | +1.6% | +7.2% | +0.9% |
| EPS (βΉ) | 61.50 | 6.34 | 4.49 | 2.21 | 0.52 | 2.19 | 0.25 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 20.57 | 20.54 | 19.36 | 19.36 | 19.22 | 18.92 | 18.88 |
| Reserves & surplus | 180 | 55.15 | 21.59 | 12.18 | 8.04 | 7.10 | 5.75 |
| Shareholders' funds (net worth) | 201 | 75.69 | 40.95 | 31.54 | 27.26 | 26.02 | 24.63 |
| Minority interest | 0.01 | 0.41 | 0.19 | 0.09 | 0.03 | 0.02 | 0.02 |
| Secured loans | 1.00 | 3.45 | 0.00 | 0.00 | 6.49 | 6.02 | 11.03 |
| Unsecured loans | 0.66 | 0.86 | 6.47 | 5.71 | 0.14 | 0.21 | 0.00 |
| Total debt | 1.66 | 4.31 | 6.47 | 5.71 | 6.63 | 6.23 | 11.03 |
| Total liabilities | 208 | 86.95 | 53.68 | 42.92 | 38.67 | 36.19 | 38.72 |
| Assets | |||||||
| Gross block | 71.92 | 74.75 | 68.20 | 65.16 | 66.92 | 66.29 | 65.02 |
| Net block | 19.32 | 16.98 | 12.94 | 13.92 | 17.17 | 21.64 | 26.61 |
| Capital work in progress | 4.87 | 3.86 | 2.94 | 1.61 | 0.39 | 0.00 | 0.33 |
| Investments | 59.92 | 21.10 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sundry debtors | 27.49 | 29.56 | 22.32 | 24.84 | 15.65 | 13.23 | 17.48 |
| Cash & bank balances | 45.33 | 34.69 | 16.17 | 9.26 | 7.44 | 8.45 | 1.69 |
| Loans & advances | 29.76 | 17.02 | 21.19 | 20.37 | 18.99 | 14.35 | 10.80 |
| Total current assets | 103 | 81.27 | 59.68 | 54.47 | 42.08 | 36.03 | 29.97 |
| Total current liabilities | 44.88 | 38.42 | 23.23 | 27.16 | 21.64 | 21.79 | 17.94 |
| Net working capital | 57.70 | 42.85 | 36.45 | 27.31 | 20.44 | 14.24 | 12.03 |
| Total assets | 208 | 86.95 | 53.68 | 42.92 | 38.67 | 36.19 | 38.72 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 30.47 | 12.07 | 6.26 | 4.69 | 4.88 | 0.74 | 2.41 |
| Net cash from operating activities | 105 | 27.44 | 11.70 | 5.71 | (0.41) | 11.78 | 1.80 |
| Net cash from investing activities | (119) | (26.93) | (4.64) | (1.92) | (0.04) | (3.23) | (0.41) |
| Net cash from financing activities | (2.91) | 17.89 | (1.26) | (1.69) | 0.27 | (4.42) | (3.07) |
| Net change in cash | (17.15) | 18.40 | 5.81 | 2.10 | (0.19) | 4.14 | (1.67) |
| Closing cash | 45.33 | 34.69 | 16.17 | 9.26 | 7.44 | 8.45 | 1.69 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +17.2% | +7.2% | +39.1% | +20.1% | +7.2% | +12.1% | - |
| EBITDA growth | -45.6% | +22.0% | +58.7% | +33.8% | -37.0% | +48.2% | - |
| PBT growth | +590.2% | +83.8% | +96.7% | +222.4% | -55.5% | +558.2% | +9998.0% |
| Net income growth | +915.7% | +40.0% | +104.2% | +339.2% | -76.6% | +780.9% | - |
| Revenue CAGR (3Y) | +20.4% | +21.4% | +21.4% | +13.0% | +15.4% | +17.8% | +23.1% |
| EBITDA CAGR (3Y) | +1.7% | +37.3% | +10.2% | +7.7% | - | +257.1% | - |
| Profitability & leverage | |||||||
| Net income margin | +98.5% | +12.1% | +8.6% | +5.8% | +1.6% | +7.2% | +0.9% |
| Return on capital employed | +10.2% | +27.9% | +23.6% | +14.8% | +6.6% | +12.6% | +5.0% |
| Return on net worth | +89.5% | +22.7% | +24.3% | +13.9% | +3.4% | +13.8% | +1.7% |
| Debt / equity | 0.02 | 0.09 | 0.17 | 0.21 | 0.24 | 0.34 | 0.49 |
| Long-term debt / equity | 0.00 | 0.01 | 0.01 | 0.00 | 0.00 | 0.06 | 0.15 |
| Interest cover | 6.98 | 4.58 | 10.75 | 20.90 | 55.15 | 33.46 | 101.97 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.75 | 1.53 | 1.53 | 1.11 | 0.92 | 0.87 | 0.79 |
| Inventory turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debtors turnover | 4.50 | 4.23 | 4.34 | 3.63 | 4.24 | 3.72 | 3.48 |
| EPS (βΉ) | 61.50 | 6.34 | 4.49 | 2.21 | 0.52 | 2.19 | 0.25 |
| Dividend per share (βΉ) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (βΉ) | 97.58 | 36.85 | 21.15 | 16.29 | 14.19 | 13.75 | 13.05 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 30.86 | 37.91 | 34.23 | 27.09 | 23.82 | 28.30 | 31.32 | 25.71 |
| Revenue growth (YoY) | +29.6% | +34.0% | +9.3% | +5.4% | -8.2% | - | - | - |
| Other income | 2.79 | 2.34 | 3.25 | 112 | 1.17 | 0.79 | 0.45 | 0.67 |
| Total expenses | 32.42 | 35.19 | 29.77 | 27.00 | 23.89 | 23.49 | 26.31 | 21.07 |
| EBITDA | (1.56) | 2.72 | 4.46 | 0.09 | (0.07) | 4.81 | 5.01 | 4.64 |
| EBITDA margin | -5.1% | +7.2% | +13.0% | +0.3% | -0.3% | +17.0% | +16.0% | +18.0% |
| Depreciation | 1.32 | 0.54 | 0.53 | 0.50 | 0.49 | 0.45 | 0.50 | 0.37 |
| Interest | 0.33 | 0.10 | 0.20 | 0.07 | 0.15 | 0.20 | 0.17 | 0.20 |
| Profit before tax | (0.42) | 4.42 | 6.98 | 112 | 0.46 | 4.95 | 4.79 | 4.74 |
| Tax | 0.00 | 0.54 | 1.80 | 0.79 | 0.42 | 2.28 | 1.34 | 1.03 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 123 | 104 | 96.85 | 67.54 | 56.15 | 53.94 | 48.88 |
| Revenue growth | +17.9% | +7.8% | +43.4% | +20.3% | +4.1% | +10.4% | - |
| Other income | 124 | 2.40 | 0.63 | 1.21 | 0.76 | 0.22 | 0.56 |
| Total expenses | 120 | 86.58 | 82.35 | 58.54 | 49.36 | 41.97 | 40.15 |
| Employee cost | 65.30 | 50.72 | 49.00 | 38.99 | 32.98 | 28.94 | 26.25 |
| EBITDA | 2.60 | 17.83 | 14.50 | 9.00 | 6.79 | 11.97 | 8.73 |
| EBITDA margin | +2.1% | +17.1% | +15.0% | +13.3% | +12.1% | +22.2% | +17.9% |
| Depreciation | 2.07 | 1.53 | 4.43 | 4.68 | 5.21 | 6.27 | 6.16 |
| Interest | 0.52 | 0.74 | 1.10 | 0.98 | 1.05 | 1.70 | 1.54 |
| Profit before tax | 124 | 17.96 | 9.60 | 4.55 | 1.29 | 4.22 | 1.59 |
| Tax | 3.55 | 5.46 | 1.30 | 0.88 | 0.61 | (0.52) | 0.08 |
| Net profit | 114 | 11.64 | 8.30 | 3.67 | 0.68 | 4.74 | 1.51 |
| Net profit margin | +92.5% | +11.2% | +8.6% | +5.4% | +1.2% | +8.8% | +3.1% |
| EPS (βΉ) | 58.44 | 6.09 | 4.28 | 1.90 | 0.35 | 2.51 | 0.80 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 20.57 | 20.54 | 19.36 | 19.36 | 19.22 | 18.92 | 18.88 |
| Reserves & surplus | 180 | 57.07 | 24.09 | 15.09 | 11.57 | 10.93 | 8.88 |
| Shareholders' funds (net worth) | 200 | 77.61 | 43.45 | 34.45 | 30.79 | 29.85 | 27.76 |
| Secured loans | 1.00 | 3.45 | 0.00 | 0.00 | 6.49 | 6.02 | 11.03 |
| Unsecured loans | 0.66 | 0.86 | 6.47 | 5.71 | 0.14 | 0.21 | 0.00 |
| Total debt | 1.66 | 4.31 | 6.47 | 5.71 | 6.63 | 6.23 | 11.03 |
| Total liabilities | 207 | 88.46 | 55.99 | 45.74 | 42.17 | 40.00 | 41.84 |
| Assets | |||||||
| Gross block | 71.45 | 73.87 | 67.59 | 64.55 | 66.66 | 66.06 | 64.87 |
| Net block | 19.30 | 16.73 | 12.64 | 13.52 | 17.10 | 21.58 | 26.62 |
| Capital work in progress | 4.87 | 3.86 | 2.94 | 1.61 | 0.39 | 0.00 | 0.33 |
| Investments | 62.66 | 23.91 | 2.61 | 2.61 | 2.71 | 2.71 | 2.71 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sundry debtors | 25.24 | 28.70 | 20.97 | 23.54 | 14.85 | 13.14 | 16.42 |
| Cash & bank balances | 35.27 | 25.97 | 10.58 | 5.87 | 5.41 | 6.89 | 1.31 |
| Loans & advances | 35.21 | 21.35 | 24.97 | 21.79 | 18.40 | 13.92 | 11.28 |
| Total current assets | 95.72 | 76.02 | 56.52 | 51.20 | 38.66 | 33.95 | 29.01 |
| Total current liabilities | 41.08 | 34.10 | 20.10 | 23.26 | 17.35 | 18.54 | 16.58 |
| Net working capital | 54.64 | 41.92 | 36.42 | 27.94 | 21.31 | 15.41 | 12.43 |
| Total assets | 207 | 88.46 | 55.99 | 45.74 | 42.17 | 40.00 | 41.84 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 21.82 | 6.48 | 2.87 | 2.76 | 3.32 | 0.37 | 2.32 |
| Net cash from operating activities | 101 | 24.56 | 9.51 | 3.86 | (0.92) | 10.51 | 2.48 |
| Net cash from investing activities | (116) | (27.15) | (4.64) | (1.67) | 0.08 | (3.15) | (1.34) |
| Net cash from financing activities | (2.88) | 17.93 | (1.27) | (1.54) | 0.29 | (4.41) | (3.09) |
| Net change in cash | (18.48) | 15.34 | 3.60 | 0.64 | (0.55) | 2.95 | (1.95) |
| Closing cash | 35.27 | 25.97 | 10.58 | 5.87 | 5.41 | 6.89 | 1.31 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +17.9% | +7.8% | +43.4% | +20.3% | +4.1% | +10.4% | - |
| EBITDA growth | -85.4% | +23.0% | +61.1% | +32.6% | -43.3% | +37.1% | - |
| PBT growth | +589.1% | +87.1% | +111.0% | +252.7% | -69.4% | +165.4% | +9998.0% |
| Net income growth | +877.8% | +40.2% | +126.2% | +439.7% | -85.7% | +213.9% | - |
| Revenue CAGR (3Y) | +22.1% | +23.0% | +21.5% | +11.4% | +12.1% | +15.6% | +21.6% |
| EBITDA CAGR (3Y) | -33.9% | +38.0% | +6.6% | +1.0% | +414.0% | +147.5% | - |
| Profitability & leverage | |||||||
| Net income margin | +97.7% | +12.0% | +8.6% | +5.4% | +1.2% | +8.8% | +3.1% |
| Return on capital employed | +9.8% | +25.9% | +21.0% | +12.6% | +5.7% | +14.0% | +7.3% |
| Return on net worth | +81.9% | +20.7% | +21.3% | +11.3% | +2.2% | +15.7% | +5.3% |
| Debt / equity | 0.02 | 0.09 | 0.16 | 0.19 | 0.21 | 0.30 | 0.44 |
| Long-term debt / equity | 0.00 | 0.01 | 0.01 | 0.00 | 0.00 | 0.05 | 0.14 |
| Interest cover | 98.11 | 4.54 | 10.92 | 22.69 | 66.46 | 29.82 | 59.92 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.69 | 1.48 | 1.47 | 1.03 | 0.85 | 0.82 | 0.87 |
| Inventory turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debtors turnover | 4.56 | 4.20 | 4.35 | 3.52 | 4.01 | 3.65 | 3.46 |
| EPS (βΉ) | 58.44 | 6.09 | 4.28 | 1.90 | 0.35 | 2.51 | 0.80 |
| Dividend per share (βΉ) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (βΉ) | 97.40 | 37.78 | 22.44 | 17.80 | 16.02 | 15.77 | 14.70 |
Timeline of Iris GST
2 dated milestones of Iris GST across 31 years, from founding to its latest funding, stage changes and deals.
- Founded Iris GST is founded.
- Exit Acquired by Sovos Compliance.
Competitors of Iris GST
Iris GST has 8 listed competitors in our database, 7 of them funded. They include Avalara, Exactera, TAINA Technology, Taxdoo and TaxJar, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| avalara.com | 2004 | Seattle, United States | $342.97M | 2,220 | Cloud-based tax compliance solutions are delivered for businesses worldwide. | |
| exactera.com | 2001 | Tarrytown, United States | $73M | – | Tax compliance software solutions are provided for business operations. | |
| taina.tech | 2016 | London, United Kingdom | $18.67M | 28 | Compliance management platforms are provided for financial institutions' regulatory needs. | |
| taxdoo.com | 2016 | Hamburg, Germany | $85M | 35 | Sales tax management is offered for online retailers. | |
| taxjar.com | 2013 | San Diego, United States | $62.6M | – | Cloud-based tax calculations & compliance solutions for small businesses | |
| beppo.com | 2022 | Makati, Philippines | – | – | Bookkeeping and tax compliance platform for SMEs and freelancers | |
| fonoa.com | 2018 | Zagreb, Croatia | $85M | – | Tax management and tax recovery solution for businesses | |
| lumatax.com | 2018 | Budapest, Hungary | $13.12M | 9 | Tax and compliance management solutions are offered to businesses. |
Detailed competitors of Iris GST
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Web traffic of Iris GST
The website of Iris GST (irisgst.com) receives about 38.8K visits a month and ranks #617,181 among all websites worldwide, #1,521 in Accounting and Auditing.
- Monthly visits38.8K
▼ 11.4% vs previous month
- Unique visitors21.1K
per month
- Global rank#617,181
among all websites
- Category rank#1,521
Finance · Accounting and Auditing
- Bounce rate55%
- Pages per visit3.6
- Average visit3 min 17 sec
- DevicesDesktop 49% Β· Mobile 51%
Websites whose visitors overlap most with Iris GST. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
cleartax.in | cleartax.in | 100% | – | #6,074 | β |
| taxguru.in | 93% | 1.4M | #40,981 | View details | |
cbic-gst.gov.in | cbic-gst.gov.in | 88% | – | #129,734 | β |
| taxmanagementindia.com | 83% | 8K | #2,843,979 | View details | |
| gsthero.com | 83% | 36.4K | #611,809 | View details | |
| β’β’β’β’β’β’β’β’β’β’ | β’β’β’β’β’β’.com | β’β’% | β’.β’M | #β’β’β’β’β’ | β |
| β’β’β’β’β’β’β’β’β’β’ | β’β’β’β’β’β’.com | β’β’% | β’.β’M | #β’β’β’β’β’ | β |
| β’β’β’β’β’β’β’β’β’β’ | β’β’β’β’β’β’.com | β’β’% | β’.β’M | #β’β’β’β’β’ | β |
All 40 similar websites and full traffic analytics for Iris GST
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- 40 similar websites
- Audience overlap
- Engagement analytics
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Top companies in Finance & Accounting Applications
10 companies that operate in the same segment as Iris GST (Finance & Accounting Applications), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 3,108 | |
Corporate travel and expense management are facilitated through SaaS platform. | 2015 | Palo Alto, California, United States | USD 1.58 B | USD 3.52 M | 847 | |
Financial and accounting software is developed for businesses and individuals. | 1983 | Mountain View, California, United States | USD 49.62 M | USD 21.45 B | 18,200 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 5.07 B | – | 6,209 | |
Business spends, payments, and rewards are streamlined by automated workflows. | 2011 | Hyderabad, Telangana, India | USD 13.75 M | USD 149.43 M | 431 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.2 B | – | 5,356 | |
Subscription-based online banking is offered to SMEs and freelancers. | 2017 | Paris, Ile de France, France | USD 717.15 M | USD 171.7 M | 2,457 | |
Cloud-based ERP software is provided for business management across segments. | 1996 | Oslo, Oslo, Norway | USD 198.09 M | – | – | |
Payflow is recognized as a financial wellness application for employees. | 2020 | Alcobendas, Comunidad De Madrid, Spain | USD 58.23 M | – | – | |
Cloud-based HR and payroll solutions are offered for small businesses. | 2012 | San Francisco, California, United States | USD 718.35 M | – | 8,159 |
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Related news about Iris Gst
Complete news archive for Iris GST
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- Full article archive
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- Brand-specific news history
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Frequently Asked Questions about Iris GST
Iris GST was founded in 1994.
Iris GST is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Iris GST has 343 employees.
The primary company behind Iris GST, Iris Regtech Solutions Limited, reported revenue of βΉ129 Cr for FY 2025, up 25% year on year.
GST filing solution for businesses. Its products include IRIS Sapphire for filing GST returns, GST reconciliation, annual GST return filing and e-sign; IRIS Topaz, to manage the life cycle of e-way bill: from generation and updates to rejection and cancellation; IRIS Peridot to can any GSTIN through the app to know their filing history, compliance score and report non-compliance- all in real-time; and IRIS Onyx, a solution for e-invoicing. The platform automatically generates reporting and summary dashboards. Users can also review and maintain detailed audit trails on the platform.
Iris GST offers IRIS Sapphire, IRIS Topaz, IRIS Onyx, and IRIS Zircon.
Yes, Iris GST is publicly traded on NSE under the ticker symbol IRIS.
Iris GST has 1 investor. Key investors include Sovos.
Iris GST operates through Iris Regtech Solutions Limited.
Yes. Iris GST was acquired by Sovos Compliance in July 2025.
The legal entities of Iris GST currently have 8 directors, including Bhaswar Mukherjee, Santoshkumar Jaishanker Sharma, Balachandran Krishnan and others.

