About Xplore Tech Services
Xplore Tech Services is a publicly listed company based in Kolkata (India) founded in 2004 by Pankaj Dhanuka and Kishore Saraogi. It provides comprehensive IT solutions including application development, digital marketing, call center, and BPO services. It operates on a B2B model. Its Indian entity Fusion Cx Limited reported revenue of ₹1,852 Cr. Its focus areas include Information Technology, IT Services and Application Development. Similar companies include Datamatics, Quess and CESC; 1 of its 3 listed similar companies has raised funding.
Company details
Xplore Tech Services provides comprehensive it solutions including application development, digital marketing, call center, and bpo services, focusing on leveraging cutting-edge technology, information technology, providing IT services, and application development. It serves clients with dedicated solutions, emphasizing quality, innovation, and sustainable growth in its core markets.
- Headquarters Kolkata, India
- Founders Pankaj Dhanuka, Kishore Saraogi
- Stage Public
- SectorsTechnology
- Website xplore-tech.com
- Social X
- Legal Name Fusion Cx Limited
- Date of Incorporation 25 Feb, 2004
- Jurisdiction Kolkata, West Bengal, India
- Market Cap₹4,148 Cr
FUSIONCX · NSE
- Share Price₹287.60
+0.09% today
- Revenue₹1,818 Cr
FY 2025-26 · +36.8% YoY
- EBITDA₹300 Cr
Margin 16.5%
- Net Profit₹168 Cr
FY 2025-26 · +122.1% YoY
- P/E (TTM)24.5x
P/B 3.9x
- ROE37.0%
ROCE 27.2%
- Debt / Equity0.89
Interest cover 24.1x
Associated legal entities of Xplore Tech Services
Xplore Tech Services operates through Fusion Cx Limited, a listed company (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Fusion Cx Limited Listed CIN U72900WB2004PLC097921 | Active | 25 Feb 2004 | Kolkata, West Bengal | ₹1,852 Cr | 7,113 | 11 | View details |
Board of directors of Fusion Cx Limited (Xplore Tech Services)
Fusion Cx Limited is the primary company behind Xplore Tech Services. The board of Fusion Cx Limited currently have 8 directors; the longest-serving is Pankaj Dhanuka, appointed in 2004. 14 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Pankaj Dhanuka DIN 00569195 | Managing Director | 25 Feb 2004 | 22 yrs 8 mo | Fusion Cx Limited |
| Kishore Saraogi DIN 00623022 | Managing Director | 01 Jul 2004 | 22 yrs 4 mo | Fusion Cx Limited |
| Kashi Prasad Khandelwal DIN 00748523 | Director | 01 Dec 2024 | 1 yr 11 mo | Fusion Cx Limited |
| Saagarika Ghoshal DIN 06510559 | Director | 01 Dec 2024 | 1 yr 11 mo | Fusion Cx Limited |
| Sanjay Banka DIN 07363620 | Director | 01 Dec 2024 | 1 yr 11 mo | Fusion Cx Limited |
| Michael Daniel Lamm DIN 10916640 | Director | 01 Mar 2025 | 1 yr 8 mo | Fusion Cx Limited |
| Ritesh Chakraborty DIN 11015389 | Director | 08 May 2025 | 1 yr 6 mo | Fusion Cx Limited |
| Bradley Tyler Call DIN 10916694 | Director | 08 May 2025 | 1 yr 6 mo | Fusion Cx Limited |
People of Xplore Tech Services
2 people are tracked at Xplore Tech Services (2 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder | Leadership |
Complete people profiles for Xplore Tech Services
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
IPO & Listings of Xplore Tech Services
Xplore Tech Services is a publicly listed company on the NSE with ticker symbol FUSIONCX in India. 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: FUSIONCX
- Listed entityFusion Cx Limited
Financials of Xplore Tech Services
Exchange-reported figures of Fusion Cx Limited, the listed company behind Xplore Tech Services (NSE: FUSIONCX).
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|---|
| Income statement | ||||
| Revenue | 1,818 | 1,329 | 991 | 1,105 |
| Revenue growth | +36.8% | +34.1% | -10.3% | - |
| EBITDA | 300 | 180 | 79.00 | 73.31 |
| EBITDA margin | +16.5% | +13.6% | +8.0% | +6.6% |
| Profit before tax | 189 | 77.74 | 36.67 | 41.38 |
| Net profit | 168 | 75.72 | 34.62 | 39.55 |
| Net profit margin | +9.3% | +5.7% | +3.5% | +3.6% |
| EPS (₹) | 13.36 | 5.99 | 2.88 | 3.16 |
| Balance sheet | ||||
| Total assets | 973 | 784 | 605 | 438 |
| Net worth | 561 | 358 | 271 | 237 |
| Total debt | 402 | 417 | 317 | 197 |
| Cash & bank | 103 | 45.54 | 23.10 | 31.95 |
| Net working capital | 180 | 90.64 | 177 | 123 |
| Cash flow | ||||
| Cash from operations | 264 | 102 | 39.26 | 29.25 |
| Cash from investing | (74.54) | (57.91) | (60.80) | (77.79) |
| Cash from financing | (138) | (26.73) | 11.05 | 5.95 |
| Particulars | Mar 2025 |
|---|---|
| Revenue | 404 |
| Other income | 3.86 |
| EBITDA | 60.30 |
| EBITDA margin | +14.9% |
| Depreciation | 23.56 |
| Interest | 12.12 |
| Profit before tax | 28.48 |
| Tax | 1.41 |
| Net profit | 27.07 |
| EPS (₹) | 0.00 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 |
|---|---|---|---|
| Income statement | |||
| Revenue | 287 | 294 | 278 |
| Revenue growth | -2.3% | +5.5% | - |
| EBITDA | 30.05 | 38.87 | 24.18 |
| EBITDA margin | +10.5% | +13.2% | +8.7% |
| Profit before tax | 11.23 | 21.96 | 14.93 |
| Net profit | 12.22 | 21.15 | 12.34 |
| Net profit margin | +4.3% | +7.2% | +4.4% |
| EPS (₹) | 0.97 | 1.68 | 1.13 |
| Balance sheet | |||
| Total assets | 224 | 189 | 165 |
| Net worth | 98.99 | 83.69 | 62.74 |
| Total debt | 117 | 100 | 98.76 |
| Cash & bank | 14.21 | 8.10 | 4.53 |
| Net working capital | 103 | 89.00 | 66.46 |
| Cash flow | |||
| Cash from operations | 19.59 | 20.46 | 17.31 |
| Cash from investing | (14.63) | (10.82) | (0.78) |
| Cash from financing | (5.15) | (11.27) | (18.11) |
Financial Statements
| Particulars | Mar 2025 |
|---|---|
| Revenue | 404 |
| Other income | 3.86 |
| EBITDA | 60.30 |
| EBITDA margin | +14.9% |
| Depreciation | 23.56 |
| Interest | 12.12 |
| Profit before tax | 28.48 |
| Tax | 1.41 |
| Net profit | 27.07 |
| EPS (₹) | 0.00 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|---|
| Revenue | 1,818 | 1,329 | 991 | 1,105 |
| Revenue growth | +36.8% | +34.1% | -10.3% | - |
| Other income | 33.69 | 22.73 | 30.21 | 41.83 |
| Total expenses | 1,518 | 1,149 | 912 | 1,032 |
| Employee cost | 1,192 | 874 | 682 | 766 |
| EBITDA | 300 | 180 | 79.00 | 73.31 |
| EBITDA margin | +16.5% | +13.6% | +8.0% | +6.6% |
| Depreciation | 95.10 | 81.34 | 48.98 | 56.20 |
| Interest | 49.54 | 43.90 | 23.56 | 17.56 |
| Profit before tax | 189 | 77.74 | 36.67 | 41.38 |
| Tax | 20.48 | 2.32 | 0.42 | 1.54 |
| Net profit | 168 | 75.72 | 34.62 | 39.55 |
| Net profit margin | +9.3% | +5.7% | +3.5% | +3.6% |
| EPS (₹) | 13.36 | 5.99 | 2.88 | 3.16 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|---|
| Equity & liabilities | ||||
| Share capital | 12.63 | 12.60 | 12.60 | 12.60 |
| Reserves & surplus | 548 | 346 | 259 | 225 |
| Shareholders' funds (net worth) | 561 | 358 | 271 | 237 |
| Minority interest | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured loans | 267 | 306 | 205 | 110 |
| Unsecured loans | 136 | 110 | 112 | 86.21 |
| Total debt | 402 | 417 | 317 | 197 |
| Total liabilities | 973 | 784 | 605 | 438 |
| Assets | ||||
| Gross block | 956 | 767 | 460 | 302 |
| Net block | 688 | 601 | 354 | 244 |
| Capital work in progress | 8.69 | 13.64 | 18.90 | 4.73 |
| Investments | 4.43 | 3.94 | 3.50 | 3.10 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 |
| Sundry debtors | 375 | 332 | 254 | 218 |
| Cash & bank balances | 103 | 45.54 | 23.10 | 31.95 |
| Loans & advances | 114 | 72.13 | 62.39 | 38.05 |
| Total current assets | 592 | 450 | 340 | 288 |
| Total current liabilities | 412 | 359 | 163 | 165 |
| Net working capital | 180 | 90.64 | 177 | 123 |
| Total assets | 973 | 784 | 605 | 438 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|---|
| Opening cash | 37.92 | 20.11 | 30.59 | 73.18 |
| Net cash from operating activities | 264 | 102 | 39.26 | 29.25 |
| Net cash from investing activities | (74.54) | (57.91) | (60.80) | (77.79) |
| Net cash from financing activities | (138) | (26.73) | 11.05 | 5.95 |
| Net change in cash | 51.64 | 17.82 | (10.49) | (42.59) |
| Closing cash | 103 | 45.54 | 23.10 | 31.95 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|---|
| Growth | ||||
| Sales growth | +36.8% | +34.1% | -10.3% | - |
| EBITDA growth | +66.6% | +128.2% | +7.8% | - |
| PBT growth | +143.5% | +112.0% | -11.4% | +9997.0% |
| Net income growth | +122.1% | +118.7% | -12.5% | - |
| Revenue CAGR (3Y) | +18.1% | - | - | - |
| EBITDA CAGR (3Y) | +60.0% | - | - | - |
| Profitability & leverage | ||||
| Net income margin | +9.3% | +5.6% | +3.7% | +3.6% |
| Return on capital employed | +27.2% | +17.5% | +11.6% | +13.5% |
| Return on net worth | +37.0% | +23.6% | +14.3% | +16.8% |
| Debt / equity | 0.89 | 1.17 | 1.01 | 0.79 |
| Long-term debt / equity | 0.35 | 0.52 | 0.45 | 0.06 |
| Interest cover | 24.15 | 44.38 | 78.48 | 102.63 |
| Efficiency & per share | ||||
| Fixed asset turnover | 2.11 | 2.17 | 2.60 | 3.66 |
| Inventory turnover | 0.00 | 0.00 | 0.00 | 0.00 |
| Debtors turnover | 5.14 | 4.54 | 4.20 | 5.07 |
| EPS (₹) | 13.44 | 5.90 | 2.88 | 3.16 |
| Dividend per share (₹) | 0.50 | 0.30 | 0.20 | 0.00 |
| Book value per share (₹) | 44.38 | 28.44 | 21.52 | 18.82 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 |
|---|---|---|---|
| Revenue | 287 | 294 | 278 |
| Revenue growth | -2.3% | +5.5% | - |
| Other income | 4.07 | 5.59 | 13.00 |
| Total expenses | 257 | 255 | 254 |
| Employee cost | 184 | 184 | 176 |
| EBITDA | 30.05 | 38.87 | 24.18 |
| EBITDA margin | +10.5% | +13.2% | +8.7% |
| Depreciation | 12.56 | 12.13 | 13.11 |
| Interest | 10.33 | 10.37 | 9.14 |
| Profit before tax | 11.23 | 21.96 | 14.93 |
| Tax | (0.99) | 0.81 | 0.73 |
| Net profit | 12.22 | 21.15 | 12.34 |
| Net profit margin | +4.3% | +7.2% | +4.4% |
| EPS (₹) | 0.97 | 1.68 | 1.13 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 |
|---|---|---|---|
| Equity & liabilities | |||
| Share capital | 12.63 | 12.60 | 12.60 |
| Reserves & surplus | 86.36 | 71.09 | 50.14 |
| Shareholders' funds (net worth) | 98.99 | 83.69 | 62.74 |
| Secured loans | 100 | 87.96 | 83.96 |
| Unsecured loans | 16.52 | 12.53 | 14.80 |
| Total debt | 117 | 100 | 98.76 |
| Total liabilities | 224 | 189 | 165 |
| Assets | |||
| Gross block | 83.21 | 63.03 | 62.96 |
| Net block | 37.79 | 29.01 | 39.39 |
| Capital work in progress | 8.69 | 13.64 | 6.46 |
| Investments | 17.92 | 17.42 | 16.98 |
| Inventories | 0.00 | 0.00 | 0.00 |
| Sundry debtors | 119 | 122 | 77.08 |
| Cash & bank balances | 14.21 | 8.10 | 4.53 |
| Loans & advances | 25.52 | 19.96 | 22.66 |
| Total current assets | 159 | 150 | 104 |
| Total current liabilities | 55.75 | 60.80 | 37.81 |
| Net working capital | 103 | 89.00 | 66.46 |
| Total assets | 224 | 189 | 165 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 |
|---|---|---|---|
| Opening cash | 0.49 | 2.12 | 3.70 |
| Net cash from operating activities | 19.59 | 20.46 | 17.31 |
| Net cash from investing activities | (14.63) | (10.82) | (0.78) |
| Net cash from financing activities | (5.15) | (11.27) | (18.11) |
| Net change in cash | (0.19) | (1.63) | (1.59) |
| Closing cash | 14.21 | 8.10 | 4.53 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 |
|---|---|---|---|
| Growth | |||
| Sales growth | -2.3% | +5.5% | - |
| EBITDA growth | -22.7% | +60.8% | - |
| PBT growth | -48.9% | +47.1% | +9997.0% |
| Net income growth | -42.2% | +71.4% | - |
| Profitability & leverage | |||
| Net income margin | +4.3% | +7.2% | +5.1% |
| Return on capital employed | +10.5% | +18.3% | +13.4% |
| Return on net worth | +13.4% | +28.9% | +19.7% |
| Debt / equity | 1.19 | 1.36 | 1.57 |
| Long-term debt / equity | 0.29 | 0.26 | 0.32 |
| Interest cover | 59.06 | 38.78 | 82.57 |
| Efficiency & per share | |||
| Fixed asset turnover | 3.92 | 4.66 | 4.42 |
| Inventory turnover | 0.00 | 0.00 | 0.00 |
| Debtors turnover | 2.38 | 2.95 | 3.61 |
| EPS (₹) | 0.97 | 1.68 | 1.13 |
| Dividend per share (₹) | 0.00 | 0.30 | 0.20 |
| Book value per share (₹) | 7.84 | 6.64 | 4.98 |
Similar companies to Xplore Tech Services
Xplore Tech Services has 3 listed similar companies in our database, 1 of them funded. They include Datamatics, Quess and CESC.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| datamatics.com | 1975 | Mumbai, India | $3M | 5,875 | Cloud-based text analytics and cognitive automation services are provided. | |
| quesscorp.com | 2007 | Bengaluru, India | 1,860 | Provider of outsourcing and business services | ||
| cesc.co.in | 1879 | Kolkata, India | 6,320 | Electricity generation and distribution are provided in eastern India. |
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Frequently Asked Questions about Xplore Tech Services
Xplore Tech Services was founded in 2004.
Xplore Tech Services is headquartered in Kolkata, India. It is registered at Kolkata, West Bengal, India.
The primary company behind Xplore Tech Services, Fusion Cx Limited, reported revenue of ₹1,852 Cr for FY 2026, up 37% year on year.
Xplore Tech Services provides comprehensive it solutions including application development, digital marketing, call center, and bpo services, focusing on leveraging cutting-edge technology, information technology, providing IT services, and application development. It serves clients with dedicated solutions, emphasizing quality, innovation, and sustainable growth in its core markets.
Xplore Tech Services's top competitors include Quess, Datamatics and CESC.
Yes, Xplore Tech Services is publicly traded on NSE under the ticker symbol FUSIONCX.
Xplore Tech Services operates through Fusion Cx Limited.
The legal entities of Xplore Tech Services currently have 10 directors, including Pankaj Dhanuka, Kishore Saraogi, Ritesh Chakraborty and others.