SQS India BFSI

Chennai, India Founded: 1998 • Age: 28 yrs Listed
Delivers comprehensive finance outsourcing services to businesses.
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About SQS India BFSI

SQS India BFSI is a publicly listed company based in Chennai (India) founded in 1998 by Asvini Kumar. It delivers comprehensive finance outsourcing services to businesses. It operates on a B2B model. The company has 14,113 employees. Its Indian entity Expleo Solutions Limited reported revenue of ₹1,146 Cr. Its focus areas include Financial Services, Outsourcing, Finance Solutions and Service Provision. Its competitors include Manipal Technologies and Thinksoft.

Company details

SQS India BFSI delivers comprehensive finance outsourcing services to businesses, focusing on offering financial products and advice, outsourcing, finance solutions, and service provision. It serves clients with dedicated solutions, emphasizing quality, innovation, and sustainable growth in its core markets. It continues to evolve, meeting industry challenges with strategic approaches.

Operational Areas
Business Services → Finance & Accounting Services
Key Metrics
  • Market Cap
    ₹1,301 Cr

    EXPLEOSOL · NSE

  • Share Price
    ₹838.00

    -1.26% today

  • Revenue
    ₹1,108 Cr

    FY 2025-26 · +8.1% YoY

  • EBITDA
    ₹155 Cr

    Margin 14.0%

  • Net Profit
    ₹132 Cr

    FY 2025-26 · +32.8% YoY

  • P/E (TTM)
    9.0x

    P/B 1.7x

  • ROE
    17.6%

    ROCE 22.0%

  • Debt / Equity
    0.03

    Interest cover 1.8x

  • Employee Count
    14,113

Board of directors of Expleo Solutions Limited (SQS India BFSI)

Expleo Solutions Limited is the primary company behind SQS India BFSI. The board of Expleo Solutions Limited currently have 6 directors; the longest-serving is Ralph Gillessen, appointed in 2018. 34 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Ralph Gillessen
DIN 05184138
Director09 Aug 20188 yrs 3 moExpleo Solutions Limited
Srivardhini Keshavamurthy Jha
DIN 06373409
Director01 Apr 20242 yrs 7 moExpleo Solutions Limited
Narayanan Subramaniam
DIN 00166621
Director01 Apr 20242 yrs 7 moExpleo Solutions Limited
Varadharajan Sridhar
DIN 00082156
Director01 Apr 20242 yrs 7 moExpleo Solutions Limited
Shalini Kalsi Kamath
DIN 06993314
Director14 Jun 20242 yrs 4 moExpleo Solutions Limited
Tangiralas Phani
DIN 01871595
Managing Director01 Aug 20242 yrs 3 moExpleo Solutions Limited

People of SQS India BFSI

1 people are tracked at SQS India BFSI (1 in leadership); the tracked headcount is 14,113.

NameRoleGroup
Asvini Kumar
Founder, ex-Managing DirectorLeadership
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IPO & Listings of SQS India BFSI

SQS India BFSI is a publicly listed company on the NSE with ticker symbol EXPLEOSOL 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: EXPLEOSOL
  • Listed entityExpleo Solutions Limited
  • Exchange sectorIT - Software

Financials of SQS India BFSI

Exchange-reported figures of Expleo Solutions Limited, the listed company behind SQS India BFSI (NSE: EXPLEOSOL).

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹1,108 Cr
+8.1% YoY
EBITDA
₹155 Cr
-6.3% YoY
Profit After Tax
₹132 Cr
+32.8% YoY
Net Worth
₹776 Cr
+22.1% YoY
Total Assets
₹804 Cr
+15.7% YoY
Total Debt
₹7.85 Cr
-73.7% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue1,1081,025965903743301270
Revenue growth+8.1%+6.2%+6.8%+21.7%+146.8%+11.4%-
EBITDA15516614820012469.8553.22
EBITDA margin+14.0%+16.2%+15.4%+22.2%+16.7%+23.2%+19.7%
Profit before tax16313912018611068.4054.06
Net profit13299.6890.5313367.6450.4339.89
Net profit margin+11.9%+9.7%+9.4%+14.8%+9.1%+16.8%+14.8%
EPS (₹)79.8966.5258.2786.2743.6149.2038.92
Balance sheet
Total assets804694666566423211161
Net worth776636611530395202152
Total debt7.8529.8026.0626.2614.716.540.00
Cash & bank37622918415618013187.25
Net working capital586426484389278172124
Cash flow
Cash from operations11917971.3523.0824.2466.4416.70
Cash from investing26.76(50.98)(32.54)(37.06)3.37(44.29)(6.71)
Cash from financing(9.46)(87.10)(15.20)(6.57)(10.36)(2.83)(28.89)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue292286279283260256258259
Revenue growth (YoY)+12.3%+11.9%+8.5%+9.0%+3.0%---
Other income6.9314.6410.3912.716.954.512.8612.68
EBITDA42.3542.7429.2846.7129.7340.0138.5442.28
EBITDA margin+14.5%+14.9%+10.5%+16.5%+11.5%+15.6%+15.0%+16.3%
Depreciation3.875.927.307.447.678.0512.379.52
Interest1.160.570.420.600.640.940.730.97
Profit before tax44.2550.8931.9551.3828.3735.5328.3044.47
Tax10.069.219.8211.637.9311.448.518.98
Net profit34.1941.6822.1339.7520.4424.0919.7935.49
EPS (₹)22.0226.8514.2625.6213.1615.5112.7522.86
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue9391,025965903743301270
Revenue growth-8.4%+6.2%+6.8%+21.7%+146.8%+11.4%-
EBITDA13315014019412064.4149.69
EBITDA margin+14.2%+14.6%+14.5%+21.5%+16.2%+21.4%+18.4%
Profit before tax13312810817410562.5148.73
Net profit10879.1481.2012363.5645.2534.93
Net profit margin+11.6%+7.7%+8.4%+13.6%+8.6%+15.0%+12.9%
EPS (₹)64.5661.4352.2679.4240.9844.1434.09
Balance sheet
Total assets694619599508376168123
Net worth668562545473348160115
Total debt7.8529.8026.0626.2614.716.540.00
Cash & bank34520513313314310169.99
Net working capital56946441533622912682.41
Cash flow
Cash from operations15313545.7736.6419.0036.5614.12
Cash from investing(12.97)20.55(35.57)(37.43)2.45(27.11)(6.66)
Cash from financing(9.46)(87.10)(15.20)(6.57)(10.36)(2.83)(28.89)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue256247234237221256258259
Revenue growth (YoY)+15.5%-3.6%-9.2%-8.5%-12.3%---
Other income4.9112.197.8610.664.5612.531.888.61
Total expenses218208210197197220222220
EBITDA38.0438.3623.6740.6724.6335.9335.2639.13
EBITDA margin+14.9%+15.6%+10.1%+17.1%+11.1%+14.0%+13.7%+15.1%
Depreciation3.755.757.097.237.477.8612.219.36
Interest1.160.570.420.600.640.940.730.97
Profit before tax38.0444.2324.0243.5021.0839.6624.2037.41
Tax8.908.457.969.916.3110.777.468.10

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 10 Nov 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue292286279283260256258259
Revenue growth (YoY)+12.3%+11.9%+8.5%+9.0%+3.0%---
Other income6.9314.6410.3912.716.954.512.8612.68
EBITDA42.3542.7429.2846.7129.7340.0138.5442.28
EBITDA margin+14.5%+14.9%+10.5%+16.5%+11.5%+15.6%+15.0%+16.3%
Depreciation3.875.927.307.447.678.0512.379.52
Interest1.160.570.420.600.640.940.730.97
Profit before tax44.2550.8931.9551.3828.3735.5328.3044.47
Tax10.069.219.8211.637.9311.448.518.98
Net profit34.1941.6822.1339.7520.4424.0919.7935.49
EPS (₹)22.0226.8514.2625.6213.1615.5112.7522.86
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue1,1081,025965903743301270
Revenue growth+8.1%+6.2%+6.8%+21.7%+146.8%+11.4%-
Other income37.8916.207.5116.116.045.427.77
Total expenses953859817703618231217
Employee cost690608575480384157146
EBITDA15516614820012469.8553.22
EBITDA margin+14.0%+16.2%+15.4%+22.2%+16.7%+23.2%+19.7%
Depreciation28.3339.3133.6727.8818.765.815.82
Interest2.243.322.612.261.211.061.11
Profit before tax16313912018611068.4054.06
Tax38.5836.0029.1352.2242.4317.9614.15
Net profit13299.6890.5313367.6450.4339.89
Net profit margin+11.9%+9.7%+9.4%+14.8%+9.1%+16.8%+14.8%
EPS (₹)79.8966.5258.2786.2743.6149.2038.92
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital15.5215.5215.5215.5215.5210.2510.25
Reserves & surplus761620596515379192142
Shareholders' funds (net worth)776636611530395202152
Minority interest0.000.000.000.000.000.000.00
Secured loans0.000.000.000.080.540.000.00
Unsecured loans7.8529.8026.0626.1814.176.540.00
Total debt7.8529.8026.0626.2614.716.540.00
Total liabilities804694666566423211161
Assets
Gross block21924921319814447.4543.24
Net block72.6811313114210824.8425.99
Capital work in progress0.000.004.546.066.060.000.00
Investments0.000.0015.030.000.000.000.00
Inventories0.000.000.000.002.270.000.00
Sundry debtors23022224923917460.7775.90
Cash & bank balances37622918415618013187.25
Loans & advances10611214915892.9734.0514.30
Total current assets711563583553449226177
Total current liabilities12513798.5616417153.4653.40
Net working capital586426484389278172124
Total assets804694666566423211161
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash21717615317315678.9997.89
Net cash from operating activities11917971.3523.0824.2466.4416.70
Net cash from investing activities26.76(50.98)(32.54)(37.06)3.37(44.29)(6.71)
Net cash from financing activities(9.46)(87.10)(15.20)(6.57)(10.36)(2.83)(28.89)
Net change in cash13741.3523.61(20.55)17.2419.33(18.90)
Closing cash37622918415618013187.25
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+8.1%+6.2%+6.8%+21.7%+146.8%+11.4%-
EBITDA growth-6.3%+11.7%-25.9%+61.3%+77.6%+31.3%-
PBT growth+16.8%+16.5%-35.8%+69.0%+61.0%+26.5%+0.9%
Net income growth+32.8%+10.1%-32.1%+97.0%+34.1%+26.4%-
Revenue CAGR (3Y)+7.0%+11.3%+47.5%+49.5%+38.0%+3.5%+1.3%
EBITDA CAGR (3Y)-8.1%+10.1%+28.5%+55.5%+32.7%+19.9%+8.8%
Profitability & leverage
Net income margin+11.2%+10.1%+9.4%+14.8%+9.1%+16.8%+14.8%
Return on capital employed+22.0%+21.0%+19.8%+38.1%+35.1%+37.4%+36.7%
Return on net worth+17.6%+16.6%+15.9%+29.0%+22.7%+28.5%+27.4%
Debt / equity0.030.040.050.040.040.020.00
Long-term debt / equity0.020.030.040.040.030.010.00
Interest cover1.772.632.281.311.151.662.34
Efficiency & per share
Fixed asset turnover4.734.434.695.287.766.647.15
Inventory turnover0.000.000.00795.86654.220.000.00
Debtors turnover4.904.353.954.376.334.404.44
EPS (₹)79.8966.5258.2786.2743.6149.2038.92
Dividend per share (₹)0.0050.000.005.000.000.000.00
Book value per share (₹)500.20409.69393.78341.64254.24196.90148.46
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue256247234237221256258259
Revenue growth (YoY)+15.5%-3.6%-9.2%-8.5%-12.3%---
Other income4.9112.197.8610.664.5612.531.888.61
Total expenses218208210197197220222220
EBITDA38.0438.3623.6740.6724.6335.9335.2639.13
EBITDA margin+14.9%+15.6%+10.1%+17.1%+11.1%+14.0%+13.7%+15.1%
Depreciation3.755.757.097.237.477.8612.219.36
Interest1.160.570.420.600.640.940.730.97
Profit before tax38.0444.2324.0243.5021.0839.6624.2037.41
Tax8.908.457.969.916.3110.777.468.10
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue9391,025965903743301270
Revenue growth-8.4%+6.2%+6.8%+21.7%+146.8%+11.4%-
Other income29.7319.923.508.694.734.945.95
Total expenses806875825709622236221
Employee cost594527530448362127113
EBITDA13315014019412064.4149.69
EBITDA margin+14.2%+14.6%+14.5%+21.5%+16.2%+21.4%+18.4%
Depreciation27.5338.6333.0327.2718.755.785.80
Interest2.243.322.602.261.211.061.11
Profit before tax13312810817410562.5148.73
Tax32.6432.5326.7750.2841.6217.2513.78
Net profit10879.1481.2012363.5645.2534.93
Net profit margin+11.6%+7.7%+8.4%+13.6%+8.6%+15.0%+12.9%
EPS (₹)64.5661.4352.2679.4240.9844.1434.09
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital15.5215.5215.5215.5215.5210.2510.25
Reserves & surplus652547529458333150105
Shareholders' funds (net worth)668562545473348160115
Secured loans0.000.000.000.080.540.000.00
Unsecured loans7.8529.8026.0626.1814.176.540.00
Total debt7.8529.8026.0626.2614.716.540.00
Total liabilities694619599508376168123
Assets
Gross block21824921119614447.2143.24
Net block72.2811213014010824.6725.98
Capital work in progress0.000.004.546.066.060.000.00
Investments5.623.4819.384.024.024.024.02
Inventories0.000.000.000.002.270.000.00
Sundry debtors23926229022117772.2364.48
Cash & bank balances34520513313314310169.99
Loans & advances85.9810188.1910971.4412.628.57
Total current assets670569511462394186143
Total current liabilities10010596.5312616559.9260.63
Net working capital56946441533622912682.41
Total assets694619599508376168123
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash19312513013712661.7483.17
Net cash from operating activities15313545.7736.6419.0036.5614.12
Net cash from investing activities(12.97)20.55(35.57)(37.43)2.45(27.11)(6.66)
Net cash from financing activities(9.46)(87.10)(15.20)(6.57)(10.36)(2.83)(28.89)
Net change in cash13068.85(5.01)(7.36)11.086.63(21.43)
Closing cash34520513313314310169.99
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-8.4%+6.2%+6.8%+21.7%+146.8%+11.4%-
EBITDA growth-11.4%+7.1%-28.0%+61.4%+87.0%+29.6%-
PBT growth+3.9%+18.6%-37.8%+64.9%+68.3%+28.3%+1.5%
Net income growth+37.0%-2.5%-33.8%+93.0%+40.5%+29.5%-
Revenue CAGR (3Y)+1.3%+11.3%+47.5%+49.5%+38.0%+3.5%+1.3%
EBITDA CAGR (3Y)-11.9%+7.6%+29.5%+57.6%+35.9%+21.9%+8.5%
Profitability & leverage
Net income margin+10.7%+9.3%+8.4%+13.6%+8.6%+15.0%+12.9%
Return on capital employed+20.6%+21.5%+20.0%+39.8%+39.1%+43.7%+43.3%
Return on net worth+16.3%+17.2%+15.9%+30.0%+25.0%+32.9%+31.5%
Debt / equity0.030.050.050.050.040.020.00
Long-term debt / equity0.020.040.040.040.030.020.00
Interest cover2.132.982.431.351.191.812.53
Efficiency & per share
Fixed asset turnover4.024.464.755.327.776.657.15
Inventory turnover0.000.000.00795.86654.220.000.00
Debtors turnover3.753.713.774.545.964.405.72
EPS (₹)64.5661.4352.2679.4240.9844.1434.09
Dividend per share (₹)0.0050.000.005.000.000.000.00
Book value per share (₹)430.28362.20351.15304.89224.45156.03112.42

Competitors of SQS India BFSI

SQS India BFSI has 2 listed competitors in our database. They include Manipal Technologies and Thinksoft.

Company NameDomainFoundedHQ LocationTotal fundingEmployeesDescription
Manipal Technologies
manipaltechnologies.com1941Manipal, India1,383
Diversified conglomerate operating across multiple industries
Thinksoft
thinksoftglobal.com1998Chennai, India1,069
Finance outsourcing services are provided by Thinksoft from Chennai.
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Frequently Asked Questions about SQS India BFSI

SQS India BFSI was founded in 1998.

SQS India BFSI is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.

SQS India BFSI has 14,113 employees.

The primary company behind SQS India BFSI, Expleo Solutions Limited, reported revenue of ₹1,146 Cr for FY 2026, up 8% year on year.

SQS India BFSI delivers comprehensive finance outsourcing services to businesses, focusing on offering financial products and advice, outsourcing, finance solutions, and service provision. It serves clients with dedicated solutions, emphasizing quality, innovation, and sustainable growth in its core markets. It continues to evolve, meeting industry challenges with strategic approaches.

SQS India BFSI's top competitors include Manipal Technologies and Thinksoft.

Yes, SQS India BFSI is publicly traded on NSE under the ticker symbol EXPLEOSOL.

SQS India BFSI operates through Expleo Solutions Limited.

The legal entities of SQS India BFSI currently have 8 directors, including Ralph Gillessen, Seshadri Sampath Kumar, Tangiralas Phani and others.

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