- Total income
- ₹1,041 Cr
- Profit
- ₹103 Cr

About Expleo Solutions Limited
Data last updated:
Expleo Solutions Limited is a public limited company based in Chennai, Tamil Nadu, India, a subsidiary of Expleo Technology Germany Gmbh, Germany. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 08 June 1998 and has been in existence for over 28 years.
Expleo Solutions is ranked #360 on the Fortune MNC 500 India (2026).
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN L64202TN1998PLC066604. Its GSTIN is 27AABCT0976G1Z9 (Maharashtra). It is a listed company as per MCA records. Its shares are listed on BSE: 533121 and NSE: EXPLEOSOL.
The company has an authorised share capital of ₹32.7 Cr and a paid-up capital of ₹15.52 Cr. It was formerly known as Thinksoft Global Services Private Limited and Relliant Global Services India Private Limited. It is led by directors including Tangiralas Phani (Managing Director) and Ralph Gillessen.
Its last annual general meeting (AGM) was held on 26 August 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Chennai, Tamil Nadu.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹1,107.96 Cr, a growth of 8.1% compared to the previous year. For the same year it recorded a net profit of ₹132.34 Cr (net margin 11.9%) and EBITDA of ₹155.24 Cr (EBITDA margin 14%). The net worth stands at ₹776.31 Cr (up 22.1% YoY). Total assets are valued at ₹803.54 Cr (up 15.7% YoY).
The company has about 3,996 employees on its provident fund (EPFO) records.
The company is associated with 3 brands: SQS India BFSI, SQS and Expleo. As per MCA filings, the company has open charges of ₹14 Cr and satisfied charges of ₹36.1 Cr on record. Court records list 10 cases involving the company, including 7 filed by the company and 3 filed against it; 3 cases are pending. The company has 141 deals on record (135 market trades, 2 acquisitions, 1 buyback), with disclosed funding of ₹4.88 Cr; the latest was in August 2026. The company has 6 MSME Form 1 returns on record between 2022 and 2023, listing 366 overdue payments to 39 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website expleogroup.com.
Company details
Name history
Expleo Solutions has undergone 5 name changes throughout its history. The current legal name is Expleo Solutions Limited.
| Company Name | Status |
|---|---|
| Expleo Solutions Limited | Current |
| Thinksoft Global Services Private Limited | Previous |
| Relliant Global Services India Private Limited | Previous |
| Sqs India Bfsi Limited | Previous |
| Thinksoft Global Services Limited | Previous |
| Relliant Global Services (India) Private Limited | Previous |
CIN history
Expleo Solutions has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L64202TN1998PLC066604, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L64202TN1998PLC066604 | Current |
| U64202TN1998PTC066604 | Previous |
| U64202TN1998PLC066604 | Previous |
Recognitions & Rankings of Expleo Solutions
Contact details
Expleo Solutions Limited's registered office is in Chennai, Tamil Nadu. Its website is expleogroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address6A Sixth Floor Prince Infocity II No.283/3 & 283/4 Rajiv Gandhi Salai (Omr) Kandanc, Havadi, Chennai, Tamil Nadu, India – 600096
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Expleo Solutions Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Expleo Solutions operates multiple associated brands including SQS India BFSI, SQS, and Expleo. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Delivers comprehensive finance outsourcing services to businesses. | sqs-bfsi.com | |
| Software testing services are provided across various industries by SQS. | sqs.com | |
| Business strategy, digital transformation, and technology consulting services are provided. | expleo.com |
Business activity
The main business activity of Expleo Solutions is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | 62 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Expleo Solutions Limited, buy the company report.
Financials of Expleo Solutions Limited
FY 2025-26 filings availableExpleo Solutions Limited reported revenue of ₹1,107.96 Cr (up 8.1% YoY) for FY 2025-26.
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 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 1,108 | 1,025 | 965 | 903 | 743 | 301 | 270 |
| Revenue growth | +8.1% | +6.2% | +6.8% | +21.7% | +146.8% | +11.4% | - |
| EBITDA | 155 | 166 | 148 | 200 | 124 | 69.85 | 53.22 |
| EBITDA margin | +14.0% | +16.2% | +15.4% | +22.2% | +16.7% | +23.2% | +19.7% |
| Profit before tax | 163 | 139 | 120 | 186 | 110 | 68.40 | 54.06 |
| Net profit | 132 | 99.68 | 90.53 | 133 | 67.64 | 50.43 | 39.89 |
| Net profit margin | +11.9% | +9.7% | +9.4% | +14.8% | +9.1% | +16.8% | +14.8% |
| EPS (₹) | 79.89 | 66.52 | 58.27 | 86.27 | 43.61 | 49.20 | 38.92 |
| Balance sheet | |||||||
| Total assets | 804 | 694 | 666 | 566 | 423 | 211 | 161 |
| Net worth | 776 | 636 | 611 | 530 | 395 | 202 | 152 |
| Total debt | 7.85 | 29.80 | 26.06 | 26.26 | 14.71 | 6.54 | 0.00 |
| Cash & bank | 376 | 229 | 184 | 156 | 180 | 131 | 87.25 |
| Net working capital | 586 | 426 | 484 | 389 | 278 | 172 | 124 |
| Cash flow | |||||||
| Cash from operations | 119 | 179 | 71.35 | 23.08 | 24.24 | 66.44 | 16.70 |
| Cash from investing | 26.76 | (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) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 292 | 286 | 279 | 283 | 260 | 256 | 258 | 259 |
| Revenue growth (YoY) | +12.3% | +11.9% | +8.5% | +9.0% | +3.0% | - | - | - |
| Other income | 6.93 | 14.64 | 10.39 | 12.71 | 6.95 | 4.51 | 2.86 | 12.68 |
| EBITDA | 42.35 | 42.74 | 29.28 | 46.71 | 29.73 | 40.01 | 38.54 | 42.28 |
| EBITDA margin | +14.5% | +14.9% | +10.5% | +16.5% | +11.5% | +15.6% | +15.0% | +16.3% |
| Depreciation | 3.87 | 5.92 | 7.30 | 7.44 | 7.67 | 8.05 | 12.37 | 9.52 |
| Interest | 1.16 | 0.57 | 0.42 | 0.60 | 0.64 | 0.94 | 0.73 | 0.97 |
| Profit before tax | 44.25 | 50.89 | 31.95 | 51.38 | 28.37 | 35.53 | 28.30 | 44.47 |
| Tax | 10.06 | 9.21 | 9.82 | 11.63 | 7.93 | 11.44 | 8.51 | 8.98 |
| Net profit | 34.19 | 41.68 | 22.13 | 39.75 | 20.44 | 24.09 | 19.79 | 35.49 |
| EPS (₹) | 22.02 | 26.85 | 14.26 | 25.62 | 13.16 | 15.51 | 12.75 | 22.86 |
| 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 | 939 | 1,025 | 965 | 903 | 743 | 301 | 270 |
| Revenue growth | -8.4% | +6.2% | +6.8% | +21.7% | +146.8% | +11.4% | - |
| EBITDA | 133 | 150 | 140 | 194 | 120 | 64.41 | 49.69 |
| EBITDA margin | +14.2% | +14.6% | +14.5% | +21.5% | +16.2% | +21.4% | +18.4% |
| Profit before tax | 133 | 128 | 108 | 174 | 105 | 62.51 | 48.73 |
| Net profit | 108 | 79.14 | 81.20 | 123 | 63.56 | 45.25 | 34.93 |
| Net profit margin | +11.6% | +7.7% | +8.4% | +13.6% | +8.6% | +15.0% | +12.9% |
| EPS (₹) | 64.56 | 61.43 | 52.26 | 79.42 | 40.98 | 44.14 | 34.09 |
| Balance sheet | |||||||
| Total assets | 694 | 619 | 599 | 508 | 376 | 168 | 123 |
| Net worth | 668 | 562 | 545 | 473 | 348 | 160 | 115 |
| Total debt | 7.85 | 29.80 | 26.06 | 26.26 | 14.71 | 6.54 | 0.00 |
| Cash & bank | 345 | 205 | 133 | 133 | 143 | 101 | 69.99 |
| Net working capital | 569 | 464 | 415 | 336 | 229 | 126 | 82.41 |
| Cash flow | |||||||
| Cash from operations | 153 | 135 | 45.77 | 36.64 | 19.00 | 36.56 | 14.12 |
| 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) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 256 | 247 | 234 | 237 | 221 | 256 | 258 | 259 |
| Revenue growth (YoY) | +15.5% | -3.6% | -9.2% | -8.5% | -12.3% | - | - | - |
| Other income | 4.91 | 12.19 | 7.86 | 10.66 | 4.56 | 12.53 | 1.88 | 8.61 |
| Total expenses | 218 | 208 | 210 | 197 | 197 | 220 | 222 | 220 |
| EBITDA | 38.04 | 38.36 | 23.67 | 40.67 | 24.63 | 35.93 | 35.26 | 39.13 |
| EBITDA margin | +14.9% | +15.6% | +10.1% | +17.1% | +11.1% | +14.0% | +13.7% | +15.1% |
| Depreciation | 3.75 | 5.75 | 7.09 | 7.23 | 7.47 | 7.86 | 12.21 | 9.36 |
| Interest | 1.16 | 0.57 | 0.42 | 0.60 | 0.64 | 0.94 | 0.73 | 0.97 |
| Profit before tax | 38.04 | 44.23 | 24.02 | 43.50 | 21.08 | 39.66 | 24.20 | 37.41 |
| Tax | 8.90 | 8.45 | 7.96 | 9.91 | 6.31 | 10.77 | 7.46 | 8.10 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 292 | 286 | 279 | 283 | 260 | 256 | 258 | 259 |
| Revenue growth (YoY) | +12.3% | +11.9% | +8.5% | +9.0% | +3.0% | - | - | - |
| Other income | 6.93 | 14.64 | 10.39 | 12.71 | 6.95 | 4.51 | 2.86 | 12.68 |
| EBITDA | 42.35 | 42.74 | 29.28 | 46.71 | 29.73 | 40.01 | 38.54 | 42.28 |
| EBITDA margin | +14.5% | +14.9% | +10.5% | +16.5% | +11.5% | +15.6% | +15.0% | +16.3% |
| Depreciation | 3.87 | 5.92 | 7.30 | 7.44 | 7.67 | 8.05 | 12.37 | 9.52 |
| Interest | 1.16 | 0.57 | 0.42 | 0.60 | 0.64 | 0.94 | 0.73 | 0.97 |
| Profit before tax | 44.25 | 50.89 | 31.95 | 51.38 | 28.37 | 35.53 | 28.30 | 44.47 |
| Tax | 10.06 | 9.21 | 9.82 | 11.63 | 7.93 | 11.44 | 8.51 | 8.98 |
| Net profit | 34.19 | 41.68 | 22.13 | 39.75 | 20.44 | 24.09 | 19.79 | 35.49 |
| EPS (₹) | 22.02 | 26.85 | 14.26 | 25.62 | 13.16 | 15.51 | 12.75 | 22.86 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 1,108 | 1,025 | 965 | 903 | 743 | 301 | 270 |
| Revenue growth | +8.1% | +6.2% | +6.8% | +21.7% | +146.8% | +11.4% | - |
| Other income | 37.89 | 16.20 | 7.51 | 16.11 | 6.04 | 5.42 | 7.77 |
| Total expenses | 953 | 859 | 817 | 703 | 618 | 231 | 217 |
| Employee cost | 690 | 608 | 575 | 480 | 384 | 157 | 146 |
| EBITDA | 155 | 166 | 148 | 200 | 124 | 69.85 | 53.22 |
| EBITDA margin | +14.0% | +16.2% | +15.4% | +22.2% | +16.7% | +23.2% | +19.7% |
| Depreciation | 28.33 | 39.31 | 33.67 | 27.88 | 18.76 | 5.81 | 5.82 |
| Interest | 2.24 | 3.32 | 2.61 | 2.26 | 1.21 | 1.06 | 1.11 |
| Profit before tax | 163 | 139 | 120 | 186 | 110 | 68.40 | 54.06 |
| Tax | 38.58 | 36.00 | 29.13 | 52.22 | 42.43 | 17.96 | 14.15 |
| Net profit | 132 | 99.68 | 90.53 | 133 | 67.64 | 50.43 | 39.89 |
| Net profit margin | +11.9% | +9.7% | +9.4% | +14.8% | +9.1% | +16.8% | +14.8% |
| EPS (₹) | 79.89 | 66.52 | 58.27 | 86.27 | 43.61 | 49.20 | 38.92 |
| 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 | 15.52 | 15.52 | 15.52 | 15.52 | 15.52 | 10.25 | 10.25 |
| Reserves & surplus | 761 | 620 | 596 | 515 | 379 | 192 | 142 |
| Shareholders' funds (net worth) | 776 | 636 | 611 | 530 | 395 | 202 | 152 |
| Minority interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured loans | 0.00 | 0.00 | 0.00 | 0.08 | 0.54 | 0.00 | 0.00 |
| Unsecured loans | 7.85 | 29.80 | 26.06 | 26.18 | 14.17 | 6.54 | 0.00 |
| Total debt | 7.85 | 29.80 | 26.06 | 26.26 | 14.71 | 6.54 | 0.00 |
| Total liabilities | 804 | 694 | 666 | 566 | 423 | 211 | 161 |
| Assets | |||||||
| Gross block | 219 | 249 | 213 | 198 | 144 | 47.45 | 43.24 |
| Net block | 72.68 | 113 | 131 | 142 | 108 | 24.84 | 25.99 |
| Capital work in progress | 0.00 | 0.00 | 4.54 | 6.06 | 6.06 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 15.03 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 2.27 | 0.00 | 0.00 |
| Sundry debtors | 230 | 222 | 249 | 239 | 174 | 60.77 | 75.90 |
| Cash & bank balances | 376 | 229 | 184 | 156 | 180 | 131 | 87.25 |
| Loans & advances | 106 | 112 | 149 | 158 | 92.97 | 34.05 | 14.30 |
| Total current assets | 711 | 563 | 583 | 553 | 449 | 226 | 177 |
| Total current liabilities | 125 | 137 | 98.56 | 164 | 171 | 53.46 | 53.40 |
| Net working capital | 586 | 426 | 484 | 389 | 278 | 172 | 124 |
| Total assets | 804 | 694 | 666 | 566 | 423 | 211 | 161 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 217 | 176 | 153 | 173 | 156 | 78.99 | 97.89 |
| Net cash from operating activities | 119 | 179 | 71.35 | 23.08 | 24.24 | 66.44 | 16.70 |
| Net cash from investing activities | 26.76 | (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 cash | 137 | 41.35 | 23.61 | (20.55) | 17.24 | 19.33 | (18.90) |
| Closing cash | 376 | 229 | 184 | 156 | 180 | 131 | 87.25 |
| 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 | +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 / equity | 0.03 | 0.04 | 0.05 | 0.04 | 0.04 | 0.02 | 0.00 |
| Long-term debt / equity | 0.02 | 0.03 | 0.04 | 0.04 | 0.03 | 0.01 | 0.00 |
| Interest cover | 1.77 | 2.63 | 2.28 | 1.31 | 1.15 | 1.66 | 2.34 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 4.73 | 4.43 | 4.69 | 5.28 | 7.76 | 6.64 | 7.15 |
| Inventory turnover | 0.00 | 0.00 | 0.00 | 795.86 | 654.22 | 0.00 | 0.00 |
| Debtors turnover | 4.90 | 4.35 | 3.95 | 4.37 | 6.33 | 4.40 | 4.44 |
| EPS (₹) | 79.89 | 66.52 | 58.27 | 86.27 | 43.61 | 49.20 | 38.92 |
| Dividend per share (₹) | 0.00 | 50.00 | 0.00 | 5.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 500.20 | 409.69 | 393.78 | 341.64 | 254.24 | 196.90 | 148.46 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 256 | 247 | 234 | 237 | 221 | 256 | 258 | 259 |
| Revenue growth (YoY) | +15.5% | -3.6% | -9.2% | -8.5% | -12.3% | - | - | - |
| Other income | 4.91 | 12.19 | 7.86 | 10.66 | 4.56 | 12.53 | 1.88 | 8.61 |
| Total expenses | 218 | 208 | 210 | 197 | 197 | 220 | 222 | 220 |
| EBITDA | 38.04 | 38.36 | 23.67 | 40.67 | 24.63 | 35.93 | 35.26 | 39.13 |
| EBITDA margin | +14.9% | +15.6% | +10.1% | +17.1% | +11.1% | +14.0% | +13.7% | +15.1% |
| Depreciation | 3.75 | 5.75 | 7.09 | 7.23 | 7.47 | 7.86 | 12.21 | 9.36 |
| Interest | 1.16 | 0.57 | 0.42 | 0.60 | 0.64 | 0.94 | 0.73 | 0.97 |
| Profit before tax | 38.04 | 44.23 | 24.02 | 43.50 | 21.08 | 39.66 | 24.20 | 37.41 |
| Tax | 8.90 | 8.45 | 7.96 | 9.91 | 6.31 | 10.77 | 7.46 | 8.10 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 939 | 1,025 | 965 | 903 | 743 | 301 | 270 |
| Revenue growth | -8.4% | +6.2% | +6.8% | +21.7% | +146.8% | +11.4% | - |
| Other income | 29.73 | 19.92 | 3.50 | 8.69 | 4.73 | 4.94 | 5.95 |
| Total expenses | 806 | 875 | 825 | 709 | 622 | 236 | 221 |
| Employee cost | 594 | 527 | 530 | 448 | 362 | 127 | 113 |
| EBITDA | 133 | 150 | 140 | 194 | 120 | 64.41 | 49.69 |
| EBITDA margin | +14.2% | +14.6% | +14.5% | +21.5% | +16.2% | +21.4% | +18.4% |
| Depreciation | 27.53 | 38.63 | 33.03 | 27.27 | 18.75 | 5.78 | 5.80 |
| Interest | 2.24 | 3.32 | 2.60 | 2.26 | 1.21 | 1.06 | 1.11 |
| Profit before tax | 133 | 128 | 108 | 174 | 105 | 62.51 | 48.73 |
| Tax | 32.64 | 32.53 | 26.77 | 50.28 | 41.62 | 17.25 | 13.78 |
| Net profit | 108 | 79.14 | 81.20 | 123 | 63.56 | 45.25 | 34.93 |
| Net profit margin | +11.6% | +7.7% | +8.4% | +13.6% | +8.6% | +15.0% | +12.9% |
| EPS (₹) | 64.56 | 61.43 | 52.26 | 79.42 | 40.98 | 44.14 | 34.09 |
| 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 | 15.52 | 15.52 | 15.52 | 15.52 | 15.52 | 10.25 | 10.25 |
| Reserves & surplus | 652 | 547 | 529 | 458 | 333 | 150 | 105 |
| Shareholders' funds (net worth) | 668 | 562 | 545 | 473 | 348 | 160 | 115 |
| Secured loans | 0.00 | 0.00 | 0.00 | 0.08 | 0.54 | 0.00 | 0.00 |
| Unsecured loans | 7.85 | 29.80 | 26.06 | 26.18 | 14.17 | 6.54 | 0.00 |
| Total debt | 7.85 | 29.80 | 26.06 | 26.26 | 14.71 | 6.54 | 0.00 |
| Total liabilities | 694 | 619 | 599 | 508 | 376 | 168 | 123 |
| Assets | |||||||
| Gross block | 218 | 249 | 211 | 196 | 144 | 47.21 | 43.24 |
| Net block | 72.28 | 112 | 130 | 140 | 108 | 24.67 | 25.98 |
| Capital work in progress | 0.00 | 0.00 | 4.54 | 6.06 | 6.06 | 0.00 | 0.00 |
| Investments | 5.62 | 3.48 | 19.38 | 4.02 | 4.02 | 4.02 | 4.02 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 2.27 | 0.00 | 0.00 |
| Sundry debtors | 239 | 262 | 290 | 221 | 177 | 72.23 | 64.48 |
| Cash & bank balances | 345 | 205 | 133 | 133 | 143 | 101 | 69.99 |
| Loans & advances | 85.98 | 101 | 88.19 | 109 | 71.44 | 12.62 | 8.57 |
| Total current assets | 670 | 569 | 511 | 462 | 394 | 186 | 143 |
| Total current liabilities | 100 | 105 | 96.53 | 126 | 165 | 59.92 | 60.63 |
| Net working capital | 569 | 464 | 415 | 336 | 229 | 126 | 82.41 |
| Total assets | 694 | 619 | 599 | 508 | 376 | 168 | 123 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 193 | 125 | 130 | 137 | 126 | 61.74 | 83.17 |
| Net cash from operating activities | 153 | 135 | 45.77 | 36.64 | 19.00 | 36.56 | 14.12 |
| 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 cash | 130 | 68.85 | (5.01) | (7.36) | 11.08 | 6.63 | (21.43) |
| Closing cash | 345 | 205 | 133 | 133 | 143 | 101 | 69.99 |
| 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 | -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 / equity | 0.03 | 0.05 | 0.05 | 0.05 | 0.04 | 0.02 | 0.00 |
| Long-term debt / equity | 0.02 | 0.04 | 0.04 | 0.04 | 0.03 | 0.02 | 0.00 |
| Interest cover | 2.13 | 2.98 | 2.43 | 1.35 | 1.19 | 1.81 | 2.53 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 4.02 | 4.46 | 4.75 | 5.32 | 7.77 | 6.65 | 7.15 |
| Inventory turnover | 0.00 | 0.00 | 0.00 | 795.86 | 654.22 | 0.00 | 0.00 |
| Debtors turnover | 3.75 | 3.71 | 3.77 | 4.54 | 5.96 | 4.40 | 5.72 |
| EPS (₹) | 64.56 | 61.43 | 52.26 | 79.42 | 40.98 | 44.14 | 34.09 |
| Dividend per share (₹) | 0.00 | 50.00 | 0.00 | 5.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 430.28 | 362.20 | 351.15 | 304.89 | 224.45 | 156.03 | 112.42 |
To see the full year-wise statements and ratios of Expleo Solutions Limited, buy the company report.
Board of directors of Expleo Solutions Limited
Expleo Solutions has 6 current directors and 33 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ralph Gillessen Also directs: Expleo Solutions Gift Ifsc Limited | Director | 09 Aug 2018 | 8 Years 3 Months | Current |
| Tangiralas Phani | Managing Director | 01 Aug 2024 | 2 Years 3 Months | Current |
| Shalini Kalsi Kamath Also directs: Abbott India Limited, Bosch Home Comfort India Limited, Healthium Medtech Limited and 3 more | Director | 14 Jun 2024 | 2 Years 4 Months | Current |
| Srivardhini Keshavamurthy Jha Also directs: Iimb Innovations, Gujarat Student Startup and Innovation Hub | Director | 01 Apr 2024 | 2 Years 7 Months | Current |
| Narayanan Subramaniam Also directs: Jyothy Labs Limited, Turiya EV Charge Partners Private Limited, Asset Reconstruction Company (India) Limited and 2 more | Director | 01 Apr 2024 | 2 Years 7 Months | Current |
| Varadharajan Sridhar | Director | 01 Apr 2024 | 2 Years 7 Months | Current |
Auditor
Expleo Solutions Limited is audited by Deloitte Haskins & Sells for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Deloitte Haskins & Sells | FY 2025 | 00872S |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 71.00%, foreign institutional investors hold 0.10%, domestic institutional investors hold 0.10% and retail and other public shareholders hold 28.80%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 71.00% | 71.00% | 71.00% | 71.00% |
| Public | 29.00% | 29.00% | 29.00% | 29.00% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Jun 2021 | 100461084 | The Hongkong and Shanghai Banking Corporation Limited | ₹7 Cr | Open | |
| 06 Apr 2021 | 100443615 | Others | ₹7 Cr | Open | |
| 22 Aug 2024 | 100987605 | Others | ₹13 Cr | Satisfied | |
| 09 Apr 2019 | 100258661 | Others | ₹1 Cr | Satisfied | |
| 24 Jul 2012 | 10372243 | Lakshmi Vilas Bank Limited | ₹15 Cr | Satisfied |
To see the full charge records of Expleo Solutions Limited, buy the company report.
Total charge records: 6 View all charges
Deals & funding
Expleo Solutions Limited has 141 deals on record (135 market trades, 2 acquisitions, 1 buyback), with disclosed funding of ₹4.88 Cr; the latest was in August 2026.
Deals on record (5 of 141)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2026 | Market trade | ₹108.79 Cr | Buyer: NK Securities Research Private Limited , Microcurves Trading Private Limited , Junomoneta Finsol Private Limited Seller: NK Securities Research Private Limited , Microcurves Trading Private Limited , Junomoneta Finsol Private Limited |
| May 2026 | Market trade | ₹10.73 Cr | Buyer: NK Securities Research Private Limited Seller: NK Securities Research Private Limited |
| Jan 2018 | Market trade | ₹3.94 Cr | Buyer: Rajasthan Global Securities Private Limited |
| Feb 2014 | Market trade | ₹1.54 Cr | Seller: Rajasthan Global Securities Private Limited |
| Feb 2014 | Market trade | ₹6.17 Cr | Seller: Edelweiss Multi Strategy Funds Management Private Limited , Unifi Capital |
To see the full deal history of Expleo Solutions Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Expleo Solutions Limited has 10 court cases on record: 7 filed by Expleo Solutions, 3 filed against it. 3 cases are pending and 7 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 6 | 2 | 3 |
| NCLT | 3 | 0 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Interim or miscellaneous application | Filed against the company by The Assistant Commissioner | Pending |
| High Court, TAMIL NADU | Writ petition | Filed by the company against The Assistant Commissioner | Pending |
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed by the company against The Assistant Commissioner | Pending |
| NCLT, Chennai | Court case (MA(CompaniesAct)) | Filed by the company | Disposed |
| NCLT, Chennai | Court case (C.P.(CAA)) | Filed by the company | Disposed |
To see the full case history of Expleo Solutions Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
Expleo Solutions Limited has 6 MSME Form 1 returns on record between 2022 and 2023, listing 366 overdue payments to 39 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 39)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Handy Online Solutions Private Limited | |||
| Kanj & Co. LLP | |||
| Qube Engineering and Trade Private Limited. | |||
| To the New Private Limited | |||
| Aitken Spence Hotel Managements (South India) Private Limited |
To see the full MSME payment records of Expleo Solutions Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Expleo Solutions Limited has a workforce of 3,996 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 3,996 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 | |
| FY 2014-15 |
To see the full employee and EPFO history of Expleo Solutions Limited, buy the company report.
GST
Expleo Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCT0976G1Z9 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Expleo Solutions Limited, buy the company report.
Recent activity
Expleo Solutions Limited has 61 board changes on record since 1998: 35 appointments and 26 cessations. The latest: Lilian Jessie Paul ceased to be Director on 29 Oct 2024.
68 earlier events are in the company report.
News
Frequently asked questions
Expleo Solutions is an active public limited company based in Chennai, Tamil Nadu, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 08 June 1998 (28+ years old) and is registered under CIN L64202TN1998PLC066604. Listed on BSE: 533121 and NSE: EXPLEOSOL.
Expleo Solutions reported revenue of ₹1,107.96 Cr for FY 2025-26 (up 8.1% YoY) based on consolidated financials.
Expleo Solutions has 6 current directors:
- Tangiralas Phani - Managing Director
- Ralph Gillessen - Director
- Shalini Kalsi Kamath - Director
- Srivardhini Keshavamurthy Jha - Director
- Narayanan Subramaniam - Director
- Varadharajan Sridhar - Director
The latest financial statements of Expleo Solutions on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 26 August 2026. Year-wise statements from 2015 are in the company report.
The GSTIN of Expleo Solutions is 27AABCT0976G1Z9, registered in Maharashtra.
The CIN (Corporate Identification Number) of Expleo Solutions is L64202TN1998PLC066604. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Expleo Solutions is a listed company as per MCA records. Its shares are listed on both BSE (code: 533121) and NSE (symbol: EXPLEOSOL).
Expleo Solutions has 10 court cases on record: 7 filed by the company and 3 filed against it. 3 are pending. Most are in the high courts.
Expleo Solutions was incorporated on 08 June 1998, making it 28+ years old. It is registered with the Registrar of Companies, Chennai.
Expleo Solutions has 141 deals on record (135 market trades, 2 acquisitions, 1 buyback), with disclosed funding of ₹4.88 Cr; the latest was in August 2026.
Lilian Jessie Paul ceased to be Director on 29 Oct 2024. Balaji Viswanathan ceased to be CEO on 31 Aug 2024. Tangiralas Phani was appointed as Managing Director on 01 Aug 2024. Expleo Solutions has 61 board changes on record in total.

