XtraNet Technologies

Bhopal, India Founded: 2002 • Age: 24 yrs Listed
ERP, application development, BPO, and related services are provided.
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About XtraNet Technologies

XtraNet Technologies is a publicly listed company based in Bhopal (India) founded in 2002 by Sukhbir Singh Kukreja. ERP, application development, BPO, and related services are provided. It operates in the Business Services and Technology sectors. XtraNet Technologies has raised $4.72 million across 2 funding rounds from investors including UnlistedZone, Sixth Sense Ventures and KIFS Trade Capital. The company has 144 employees. XtraNet Technologies was last valued at $4.21 million in March 2023. Its Indian entity Xtranet Technologies Limited reported revenue of ₹366 Cr. Its focus areas include IT Services, Suite, BPO Services and Horizontal. Its competitors include Happiest Minds and Datamatics; 2 of its 2 listed competitors have raised funding.

Company details

XtraNet Technologies was established in 2002 in Bhopal, India, focusing on IT services. ERP solutions, custom application development, business process outsourcing, and additional technology offerings are delivered through operations centered in India. The companys online presence is maintained via the domain xtranetindia.com. Leadership is provided by founder and owner Sukhbir Singh Kukreja, with DIN 00411525 and PAN AGVPK7426P recorded.

  • Headquarters Bhopal, India
  • Employees 144
  • Founders Sukhbir Singh Kukreja
  • Stage Public
  • Sectors
    Business Services
    Technology
  • Email
    ••••••••
  • Phone
    •••• ••••
  • Website xtranetindia.com
  • Social LinkedIn X Facebook
  • Legal Name Xtranet Technologies Limited
Operational Areas
Business Services → Business Process Outsourcing (BPO)
Business Services → Digital Transformation & Automation Services
Technology → IT Services & Operations
Key Metrics
  • Market Cap
    ₹1,377 Cr

    XTRANET · NSE

  • Share Price
    ₹250.30

    -4.99% today

  • Revenue
    ₹365 Cr

    FY 2025-26 · +32.3% YoY

  • EBITDA
    ₹63.64 Cr

    Margin 17.4%

  • Net Profit
    ₹40.25 Cr

    FY 2025-26 · +35.3% YoY

  • P/E (TTM)
    37.1x

    P/B 4.9x

  • ROE
    35.2%

    ROCE 32.7%

  • Debt / Equity
    0.54

    Interest cover 11.2x

  • Total Equity Funding
    $4.72M (USD)

    in 2 rounds

  • Latest Funding Round
    $3.62M (USD), Series A

    Sep 2024

  • Investors
    UnlistedZone

    & 59 more

  • Employee Count
    144

Funding Insights of XtraNet Technologies

XtraNet Technologies has successfully raised a total of $4.72M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $3.62 million completed in September 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.

  • Total Funding $4.72M
  • Total Rounds 2
  • Last Round Series A — $3.62M
  • First Round $1.1M

    (Mar 2023)

  • Investors Count 60

All 2 funding rounds of XtraNet Technologies with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.

DateAmountTransaction NameValuationLead InvestorsInvestors
Sep 2024$3.62MSeries A–Sixth Sense Ventures
Minerva Ventures, Manoj Agarwal
Mar 2023$1.1MSeed$4.21MHira Group
–
Valuation history
DateValuationStage
Mar 2023$4.21M••••••••

Last known valuation $4.21M (Mar 2023). 60 investors in total: 15 institutional and 45 angel.

Investors in XtraNet Technologies

XtraNet Technologies has secured backing from 60 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include UnlistedZone, Sixth Sense Ventures and KIFS Trade Capital.

All
Venture Fund
Institutional
Angel
InvestorDescriptionFounded YearDomainLocation
Sixth Sense Ventures
Venture capital fund investing in consumer-focused startups in India.
2016sixthsenseventures.comMumbai, India
Chanakya Fund
Invests in high-growth SMEs with sector-agnostic approach in manufacturing and services.
2023chanakyafund.comAhmedabad, India
The Hira Group
Operations in steel, energy, mining, cement, and real estate sectors in India.
hiragroup.com
Minerva Ventures
Risk management and advisory services are offered to environmental sectors.
minervaventures.comMountain View, United States
Swyom
Provides alternative investment funds, portfolio management, and advisory services globally.
2020swyom.comMumbai, India
Rpv Holdings
rpvholdings.tcc.mode
Absolute Returns Scheme
absolutereturnsscheme.tcc.mode
Rnr Wealth Management
rnrwealthmanagement.tcc.mode
Viney Equity Market
Diversified conglomerate specializing in equity investments, manufacturing, and upscale food services.
2019viney.co.inDelhi, India
Finavenue
Offers AIF funds and investment management for small-mid cap companies in India.
2023finavenue.inMumbai, India
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Investor details for XtraNet Technologies

The complete investor list, round-by-round participation and investor portfolios require an active premium plan.

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  • Round participation
  • Investor portfolios
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Board of directors of Xtranet Technologies Limited (XtraNet Technologies)

Xtranet Technologies Limited is the primary company behind XtraNet Technologies. The board of Xtranet Technologies Limited currently have 6 directors; the longest-serving is Sukhbir Singh Kukreja, appointed in 2002. 4 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Sukhbir Singh Kukreja
DIN 00411525
Managing Director29 Jan 200224 yrs 8 moXtranet Technologies Limited
Jogendrapal Singh Alagh
DIN 00411418
Whole-time director26 Jun 200323 yrs 4 moXtranet Technologies Limited
Shiney Sukhbir
DIN 06643360
Director20 Jan 20251 yr 9 moXtranet Technologies Limited
Girish Chander Dalakoti
DIN 10723451
Director23 Jul 20251 yr 3 moXtranet Technologies Limited
Shikha Jain
DIN 08288922
Director18 Aug 20251 yr 2 moXtranet Technologies Limited
Sanjay Sinha
DIN 00077192
Director18 Aug 20251 yr 2 moXtranet Technologies Limited

People of XtraNet Technologies

14 people are tracked at XtraNet Technologies (7 in leadership, 7 in team); the tracked headcount is 144.

NameRoleGroup
Sukhbir Singh Kukreja
Founder & OwnerLeadership
Shekhar Muley
Associate VPLeadership
Sameer Kumar
Associate VPLeadership
Jogendrapal Singh Alagh
DirectorLeadership
Dipankar Kumar
Chief Marketing Officer And Global Business HeadLeadership
Arun Dube
Associate VPLeadership
Naveen Kumar
Associate VPLeadership
Rupinder Tuteja
SVP, Western RegionTeam
Roshan Uttamchandani
Sr. Software EngineerTeam
Tanushree Sardana
Assistant ManagerTeam
Atul Verma
Senior Manager Finance And AccountsTeam
Ritesh Sinha
Assistant GMTeam
Anil Kumar Arora
SVPTeam
Alakh Shrivastava
GMTeam
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Complete people profiles for XtraNet Technologies

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

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IPO & Listings of XtraNet Technologies

XtraNet Technologies is a publicly listed company on the NSE with ticker symbol XTRANET 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 Jul 2026
  • Listed onNSE: XTRANET
  • Listed entityXtranet Technologies Limited
  • Exchange sectorTechnology services
  • ISININE0NG701011
  • Share price₹318.50 (+3.51% on the day) · 2026-10-14
  • Market capitalisation₹1,613 Cr
  • Volume (last session)577,127

Financials of XtraNet Technologies

Exchange-reported figures of Xtranet Technologies Limited, the listed company behind XtraNet Technologies (NSE: XTRANET).

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹365 Cr
+32.3% YoY
EBITDA
₹63.64 Cr
+32.8% YoY
Profit After Tax
₹40.25 Cr
+35.3% YoY
Net Worth
₹136 Cr
+42.4% YoY
Total Assets
₹223 Cr
+62.9% YoY
Total Debt
₹85.61 Cr
+117.3% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23
Income statement
Revenue365276233223
Revenue growth+32.3%+18.5%+4.7%-
EBITDA63.6447.9220.4213.43
EBITDA margin+17.4%+17.4%+8.8%+6.0%
Profit before tax52.1240.0615.338.39
Net profit40.2529.7411.005.93
Net profit margin+11.0%+10.8%+4.7%+2.7%
EPS (₹)10.2837.9915.958.59
Balance sheet
Total assets22313782.4247.56
Net worth13695.4938.7826.20
Total debt85.6139.4041.3519.31
Cash & bank1.461.093.170.91
Net working capital94.3272.5053.3729.38
Cash flow
Cash from operations27.578.62(1.18)0.34
Cash from investing(67.52)(30.44)(15.81)(7.18)
Cash from financing40.3219.7319.255.58
ParticularsJun 2026Mar 2026Jun 2025
Revenue50.4616145.66
Revenue growth (YoY)+10.5%--
Other income0.460.510.09
EBITDA10.3935.205.49
EBITDA margin+20.6%+21.9%+12.0%
Depreciation1.682.590.74
Interest1.721.830.72
Profit before tax7.4531.294.12
Tax1.407.070.74
Net profit6.0524.223.38
EPS (₹)1.556.150.90
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23
Income statement
Revenue332254227216
Revenue growth+30.4%+12.2%+4.9%-
EBITDA57.0444.3319.5611.03
EBITDA margin+17.2%+17.4%+8.6%+5.1%
Profit before tax49.6137.0015.177.60
Net profit38.6827.4710.555.39
Net profit margin+11.7%+10.8%+4.7%+2.5%
EPS (₹)9.8835.1215.307.81
Balance sheet
Total assets21212975.4643.55
Net worth13091.2836.8225.88
Total debt81.5036.7838.1817.67
Cash & bank1.050.652.980.38
Net working capital12091.8752.6026.85
Cash flow
Cash from operations27.04(2.26)(7.22)(2.20)
Cash from investing(65.89)(20.89)(8.04)(3.30)
Cash from financing39.2520.8217.863.88
ParticularsJun 2026Mar 2026Jun 2025
Revenue43.3815039.57
Revenue growth (YoY)+9.6%--
Other income0.430.260.09
Total expenses33.9111935.27
EBITDA9.4730.954.30
EBITDA margin+21.8%+20.7%+10.9%
Depreciation1.171.110.29
Interest1.571.770.65
Profit before tax7.1628.333.45
Tax1.765.080.45

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 26 Oct 2026
ParticularsJun 2026Mar 2026Jun 2025
Revenue50.4616145.66
Revenue growth (YoY)+10.5%--
Other income0.460.510.09
EBITDA10.3935.205.49
EBITDA margin+20.6%+21.9%+12.0%
Depreciation1.682.590.74
Interest1.721.830.72
Profit before tax7.4531.294.12
Tax1.407.070.74
Net profit6.0524.223.38
EPS (₹)1.556.150.90
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23
Revenue365276233223
Revenue growth+32.3%+18.5%+4.7%-
Other income0.851.740.320.86
Total expenses302228213209
Employee cost30.1224.0021.2918.70
EBITDA63.6447.9220.4213.43
EBITDA margin+17.4%+17.4%+8.8%+6.0%
Depreciation5.892.321.052.65
Interest6.487.284.363.25
Profit before tax52.1240.0615.338.39
Tax11.4010.034.392.41
Net profit40.2529.7411.005.93
Net profit margin+11.0%+10.8%+4.7%+2.7%
EPS (₹)10.2837.9915.958.59
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23
Equity & liabilities
Share capital39.157.836.906.90
Reserves & surplus96.8687.6631.8819.30
Shareholders' funds (net worth)13695.4938.7826.20
Minority interest(0.30)1.011.721.57
Secured loans79.8738.1638.8014.92
Unsecured loans5.741.242.554.39
Total debt85.6139.4041.3519.31
Total liabilities22313782.4247.56
Assets
Gross block79.3237.3721.5717.35
Net block60.2524.1912.046.53
Capital work in progress25.2616.836.093.05
Investments1.561.440.140.74
Inventories78.8179.9754.5436.48
Sundry debtors114162100163
Cash & bank balances1.461.093.170.91
Loans & advances18.9514.2315.575.47
Total current assets214258174206
Total current liabilities119185120176
Net working capital94.3272.5053.3729.38
Total assets22313782.4247.56
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23
Opening cash1.093.170.912.17
Net cash from operating activities27.578.62(1.18)0.34
Net cash from investing activities(67.52)(30.44)(15.81)(7.18)
Net cash from financing activities40.3219.7319.255.58
Net change in cash0.37(2.09)2.27(1.26)
Closing cash1.461.093.170.91
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23
Growth
Sales growth+32.3%+18.5%+4.7%-
EBITDA growth+32.8%+134.7%+52.1%-
PBT growth+30.1%+161.3%+82.7%+9997.0%
Net income growth+35.3%+170.4%+85.5%-
Revenue CAGR (3Y)+18.0%---
EBITDA CAGR (3Y)+68.0%---
Profitability & leverage
Net income margin+11.2%+10.9%+4.7%+2.7%
Return on capital employed+32.7%+43.8%+31.1%+25.3%
Return on net worth+35.2%+44.7%+33.7%+22.8%
Debt / equity0.540.600.930.74
Long-term debt / equity0.260.270.400.29
Interest cover11.2215.9622.5130.15
Efficiency & per share
Fixed asset turnover6.269.3711.9712.83
Inventory turnover4.604.105.126.10
Debtors turnover2.642.101.771.37
EPS (₹)10.2837.9915.958.59
Dividend per share (₹)0.000.000.000.00
Book value per share (₹)34.74121.9556.2137.98
ParticularsJun 2026Mar 2026Jun 2025
Revenue43.3815039.57
Revenue growth (YoY)+9.6%--
Other income0.430.260.09
Total expenses33.9111935.27
EBITDA9.4730.954.30
EBITDA margin+21.8%+20.7%+10.9%
Depreciation1.171.110.29
Interest1.571.770.65
Profit before tax7.1628.333.45
Tax1.765.080.45
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23
Revenue332254227216
Revenue growth+30.4%+12.2%+4.9%-
Other income0.510.410.290.16
Total expenses275210207205
Employee cost0.0017.3117.1415.30
EBITDA57.0444.3319.5611.03
EBITDA margin+17.2%+17.4%+8.6%+5.1%
Depreciation2.470.790.751.11
Interest5.476.953.932.48
Profit before tax49.6137.0015.177.60
Tax10.939.534.622.21
Net profit38.6827.4710.555.39
Net profit margin+11.7%+10.8%+4.7%+2.5%
EPS (₹)9.8835.1215.307.81
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23
Equity & liabilities
Share capital39.157.836.906.90
Reserves & surplus90.8583.4529.9218.98
Shareholders' funds (net worth)13091.2836.8225.88
Secured loans63.4028.1631.990.00
Unsecured loans18.108.626.1917.67
Total debt81.5036.7838.1817.67
Total liabilities21212975.4643.55
Assets
Gross block46.0712.8012.7012.42
Net block35.044.244.934.20
Capital work in progress14.319.094.381.34
Investments6.094.154.144.14
Inventories77.6979.4654.5035.37
Sundry debtors11116495.66160
Cash & bank balances1.050.652.980.38
Loans & advances45.3530.7322.348.05
Total current assets235275175204
Total current liabilities115183123177
Net working capital12091.8752.6026.85
Total assets21212975.4643.55
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23
Opening cash0.652.980.381.99
Net cash from operating activities27.04(2.26)(7.22)(2.20)
Net cash from investing activities(65.89)(20.89)(8.04)(3.30)
Net cash from financing activities39.2520.8217.863.88
Net change in cash0.40(2.33)2.60(1.61)
Closing cash1.050.652.980.38
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23
Growth
Sales growth+30.4%+12.2%+4.9%-
EBITDA growth+28.7%+126.6%+77.3%-
PBT growth+34.1%+143.9%+99.6%+9997.0%
Net income growth+40.8%+160.4%+95.7%-
Revenue CAGR (3Y)+15.3%---
EBITDA CAGR (3Y)+72.9%---
Profitability & leverage
Net income margin+11.7%+10.8%+4.7%+2.5%
Return on capital employed-+43.1%+32.1%+23.2%
Return on net worth-+42.9%+33.7%+20.8%
Debt / equity-0.590.890.68
Long-term debt / equity-0.270.400.29
Interest cover10.0215.9620.8925.00
Efficiency & per share
Fixed asset turnover-19.9618.0617.41
Inventory turnover-3.805.056.11
Debtors turnover-1.961.771.35
EPS (₹)9.8835.1215.307.81
Dividend per share (₹)0.000.000.000.00
Book value per share (₹)0.00116.5753.3837.52

Timeline of XtraNet Technologies

5 dated milestones of XtraNet Technologies across 24 years, from founding to its latest funding, stage changes and deals.

  1. Founded XtraNet Technologies is founded.
  2. Funding First funding round of $1.1M.
  3. Milestone Reaches Minicorn status.
  4. Funding Latest funding round, Series A, of $3.6M.
  5. IPO Lists on the stock exchange (IPO).

Competitors of XtraNet Technologies

XtraNet Technologies has 2 listed competitors in our database, 2 of them funded. They include Happiest Minds and Datamatics.

Company NameDomainFoundedHQ LocationTotal fundingEmployeesDescription
Happiest Minds
happiestminds.com2011Bengaluru, India$64.83M4,517
IT outsourcing services are delivered across multiple business lines.
Datamatics
datamatics.com1975Mumbai, India$3M5,875
Cloud-based text analytics and cognitive automation services are provided.
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Detailed competitors of XtraNet Technologies

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Web traffic of XtraNet Technologies

The website of XtraNet Technologies (xtranetindia.com) receives about 9.5K visits a month.

  • Monthly visits
    9.5K

    ▼ 42.7% vs previous month

Top companies in Business Process Outsourcing (BPO)

3 companies that operate in the same segment as XtraNet Technologies (Business Process Outsourcing (BPO)) in India, ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Quess
Provider of outsourcing and business services
2007Bengaluru, Karnataka, IndiaUSD 1.63 B441,150
Datamatics
Cloud-based text analytics and cognitive automation services are provided.
1975Mumbai, Maharashtra, IndiaUSD 3 MUSD 211.78 M4,960
CESC
Electricity generation and distribution are provided in eastern India.
1879Kolkata, West Bengal, IndiaUSD 1.98 B5,690
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Frequently Asked Questions about XtraNet Technologies

XtraNet Technologies was founded in 2002 and raised its 1st funding round 21 years after it was founded.

XtraNet Technologies is headquartered in Bhopal, India. It is registered at Bhopal, Madhya Pradesh, India.

XtraNet Technologies is a funded company, having raised a total of $4.72M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1.1M, raised on Mar 2023.

XtraNet Technologies has 144 employees.

The primary company behind XtraNet Technologies, Xtranet Technologies Limited, reported revenue of ₹366 Cr for FY 2026, up 32% year on year.

XtraNet Technologies was established in 2002 in Bhopal, India, focusing on IT services. ERP solutions, custom application development, business process outsourcing, and additional technology offerings are delivered through operations centered in India. The companys online presence is maintained via the domain xtranetindia.com. Leadership is provided by founder and owner Sukhbir Singh Kukreja, with DIN 00411525 and PAN AGVPK7426P recorded.

XtraNet Technologies's top competitors include Happiest Minds and Datamatics.

Yes, XtraNet Technologies is publicly traded on NSE under the ticker symbol XTRANET.

XtraNet Technologies has 60 investors. Key investors include UnlistedZone, Sixth Sense Ventures, KIFS Trade Capital, The Hira Group, and Minerva Ventures.

The valuation of XtraNet Technologies is $4.21M as of Mar 2023.

XtraNet Technologies operates through Xtranet Technologies Limited.

The legal entities of XtraNet Technologies currently have 8 directors, including Sukhbir Singh Kukreja, Jogendrapal Singh Alagh, Shikha Jain and others.

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