About Firstsource Solutions Limited
Data last updated: 31 December 2025
Firstsource Solutions Limited is a public limited company based in Goregaon East, Maharashtra, India, a subsidiary of Rpsg Ventures Limited. The company specialises in business process outsourcing. Incorporated on 06 December 2001, the company has been in operation for over 25 years.
Registered with ROC Mumbai under CIN L64202MH2001PLC134147. Listed on BSE: 532809 and NSE: FSL.
Capital: an authorised share capital of ₹872 Cr and a paid-up capital of ₹696.99 Cr. Formerly known as Icici Onesource Limited and Icici Infotech Upstream Limited. It is led by directors including Pradip Kumar Khaitan and Ritesh Mohan Idnani.
Last AGM: 30 July 2025. Financial statements filed for year ended 31 March 2025. Office: Goregaon East, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹7,979.45 Cr, a growth of 25% compared to the previous year.
The company has a workforce of approximately 14,601 employees as per the latest available data. It operates as a subsidiary of Rpsg Ventures Limited. Its group structure includes 1 subsidiary.
The company is associated with 1 brand - Firstsource. As per MCA filings, the company has satisfied charges of ₹1,960.1 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website firstsource.com.
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Email*****@*****.com
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Telephone+91-****-******
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Website
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Social Media
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Registered Address1St Floor Athena Towers, Mindspace Malad, Goregaon East, Maharashtra, India – 400063
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IndustryBusiness Outsourcing, Business Process Outsourcing
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Name History of Firstsource Solutions Limited
Firstsource Solutions Limited has undergone 2 name changes throughout its history. The company was previously known as Icici Onesource Limited, and Icici Infotech Upstream Limited. The current legal name is Firstsource Solutions Limited, reflecting the company's evolution and rebranding over time.
| Company Name | Status |
|---|---|
| Firstsource Solutions Limited | Current |
| Icici Onesource Limited | Previous |
| Icici Infotech Upstream Limited | Previous |
Associated Brands with Firstsource Solutions Limited
Firstsource Solutions Limited operates one associated brand: Firstsource. These brands represent Firstsource Solutions Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Firstsource is recognized as a global business process management partner. | firstsource.com |
Competitors & Alternatives of Firstsource Solutions Limited
Brands and companies operating in the same space as Firstsource Solutions Limited include 1&1 IONOS, Booz Allen Hamilton, Genpact and 7 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
|
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Cloud infrastructure and hosting services are provided by 1&1 IONOS. | Chesterbrook, United States, United States | 1988 |
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Analytics, cybersecurity, and digital transformation services are provided. | Mclean, United States, United States | 1914 |
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Provider of end-to-end business process outsourcing services | New York, United States, United States | 1997 |
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IT consulting, data analytics, and digital transformation services are provided. | Pune, India, India | 1990 |
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Provider of software development, data analytics, and other IT suite services | Newtown Square, United States, United States | 1993 |
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Application development, cloud, cybersecurity, and business intelligence services are provided. | Koto City, Japan, Japan | 1967 |
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IT and management consultancy services are provided globally. | Dublin, Ireland, Ireland | 1989 |
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AI, cloud, and blockchain services are provided globally. | Turin, Italy, Italy | 1996 |
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IT and digital transformation services are delivered to various industries. | Buenos Aires, Argentina, Argentina | 2003 |
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High-quality office furniture is provided by UST for various needs. | Taiwan | 1998 |
Business Activity of Firstsource Solutions Limited
Firstsource Solutions Limited is engaged in the principal business activity of information and communication, with detailed activities including other information & communication service activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities | ********* |
Auditor Details of Firstsource Solutions Limited
Firstsource Solutions Limited is audited by Deloitte Haskins Sells LLP (ICAI peer reviewed, certificate valid till 2027-07-31) for the financial year 2026, as reported in its NSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.
| Name | Financial year | Audit opinion |
|---|---|---|
| Deloitte Haskins Sells LLP (ICAI peer reviewed, certificate valid till 2027-07-31) | FY 2026 | Declaration of unmodified opinion |
Board of Directors of Firstsource Solutions Limited
Firstsource Solutions Limited is currently managed by 14 directors, with 35 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pradip Kumar Khaitan | Director | 14 Nov 2014 | 11 Years 7 Months | Current |
| Ritesh Mohan Idnani | Ceo | 01 Sep 2023 | 2 Years 10 Months | Current |
| Utsav Parekh | Director | 02 Nov 2022 | 3 Years 8 Months | Current |
| Sanjiv Goenka | Director | 03 Dec 2012 | 13 Years 7 Months | Current |
|
Sunil Mitra
Also directs:
Cesc Ltd
|
Director | 01 Apr 2019 | 7 Years 3 Months | Current |
| Subrata Talukdar | Director | 05 Dec 2012 | 13 Years 7 Months | Current |
Financials of Firstsource Solutions Limited FY 2026 filings available
Firstsource Solutions Limited reported revenue of ₹9,556.39 Cr (up 19.75% YoY) for FY 2026. Profit growth despite declining revenue indicates effective cost management and margin discipline.
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹9,556.39 Cr | ₹7,980.31 Cr | ₹6,336.25 Cr | ₹6,022.32 Cr | ₹5,921.15 Cr | ₹5,077.98 Cr | ₹4,098.61 Cr |
| Other Income | ₹7.45 Cr | -₹86.7 Lakh | ₹36.84 Cr | ₹130.85 Cr | ₹55.5 Lakh | ₹1.27 Cr | ₹8.84 Cr |
| Total Income | ₹9,563.85 Cr | ₹7,979.45 Cr | ₹6,373.09 Cr | ₹6,153.17 Cr | ₹5,921.71 Cr | ₹5,079.25 Cr | ₹4,107.46 Cr |
| Cost of Materials Consumed | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Employee Benefit Expense | ₹5,590.29 Cr | ₹4,995.78 Cr | ₹3,909.33 Cr | ₹3,867.48 Cr | ₹3,946.76 Cr | ₹3,467.23 Cr | ₹2,773.53 Cr |
| Finance Costs | ₹181.47 Cr | ₹147.88 Cr | ₹103.39 Cr | ₹78.97 Cr | ₹63.94 Cr | ₹52.23 Cr | ₹58.32 Cr |
| Depreciation & Amortisation | ₹434.09 Cr | ₹327.04 Cr | ₹260.22 Cr | ₹263.17 Cr | ₹249.37 Cr | ₹206.35 Cr | ₹185.2 Cr |
| Other Expenses | ₹2,409.92 Cr | ₹1,776.91 Cr | ₹1,470.48 Cr | ₹1,328.33 Cr | ₹1,014.54 Cr | ₹806.55 Cr | ₹696.19 Cr |
| Total Expenses | ₹8,615.77 Cr | ₹7,247.61 Cr | ₹5,743.41 Cr | ₹5,537.95 Cr | ₹5,274.61 Cr | ₹4,532.36 Cr | ₹3,713.25 Cr |
| Profit Before Exceptional Items & Tax | ₹948.08 Cr | ₹731.84 Cr | ₹629.68 Cr | ₹615.22 Cr | ₹647.1 Cr | ₹546.89 Cr | ₹394.21 Cr |
| Exceptional Items | -₹98.23 Cr | ₹8.81 Cr | ₹0 | ₹0 | ₹0 | -₹115.06 Cr | ₹0 |
| Profit Before Tax | ₹849.84 Cr | ₹740.65 Cr | ₹629.68 Cr | ₹615.22 Cr | ₹647.1 Cr | ₹431.83 Cr | ₹394.21 Cr |
| Total Tax Expense | ₹175.43 Cr | ₹146.2 Cr | ₹114.95 Cr | ₹101.5 Cr | ₹110.57 Cr | ₹70.16 Cr | ₹54.53 Cr |
| Net Profit | ₹674.41 Cr | ₹594.45 Cr | ₹514.73 Cr | ₹513.71 Cr | ₹536.53 Cr | ₹361.68 Cr | ₹339.69 Cr |
| attributable to Owners | ₹674.43 Cr | ₹594.46 Cr | ₹514.73 Cr | ₹513.72 Cr | ₹537.37 Cr | ₹361.69 Cr | ₹339.69 Cr |
| attributable to NCI | -₹1.3 Lakh | -₹40,000 | -₹40,000 | -₹80,000 | -₹84.4 Lakh | -₹90,000 | -₹10,000 |
| Other Comprehensive Income | -₹20.78 Cr | ₹43.26 Cr | ₹50.44 Cr | ₹128.12 Cr | ₹81.22 Cr | -₹87.87 Cr | ₹119.05 Cr |
| Total Comprehensive Income | ₹653.63 Cr | ₹637.71 Cr | ₹565.17 Cr | ₹641.83 Cr | ₹617.75 Cr | ₹273.8 Cr | ₹458.73 Cr |
| EBITDA (computed) | ₹1,563.63 Cr | ₹1,206.75 Cr | ₹993.28 Cr | ₹957.36 Cr | ₹960.41 Cr | ₹805.47 Cr | ₹637.73 Cr |
| Basic EPS | ₹9.77 | ₹8.63 | ₹7.52 | ₹7.55 | ₹7.90 | ₹5.31 | ₹4.90 |
| Diluted EPS | ₹9.56 | ₹8.42 | ₹7.34 | ₹7.32 | ₹7.62 | ₹5.13 | ₹4.89 |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Total Assets | ₹9,320.04 Cr | ₹7,922.23 Cr | ₹6,083.04 Cr | ₹5,664.37 Cr |
| Non-current Assets | ₹6,557.75 Cr | ₹5,698.19 Cr | ₹4,545.67 Cr | ₹4,256.12 Cr |
| Current Assets | ₹2,762.29 Cr | ₹2,224.05 Cr | ₹1,537.37 Cr | ₹1,408.25 Cr |
| Property, Plant & Equipment | ₹310.35 Cr | ₹276.29 Cr | ₹164.1 Cr | ₹173.93 Cr |
| Inventories | ₹0 | ₹0 | ₹0 | ₹0 |
| Trade Receivables | ₹2,078.59 Cr | ₹1,686.03 Cr | ₹1,160.82 Cr | ₹1,038.49 Cr |
| Cash & Equivalents | ₹258.58 Cr | ₹154.21 Cr | ₹174.77 Cr | ₹151.54 Cr |
| Equity (Net Worth) | ₹4,384.93 Cr | ₹4,098.03 Cr | ₹3,700.79 Cr | ₹3,367.2 Cr |
| Equity Share Capital | ₹696.99 Cr | ₹696.99 Cr | ₹696.99 Cr | ₹696.99 Cr |
| Borrowings (Non-current) | ₹189.67 Cr | ₹341.9 Cr | ₹4.22 Cr | ₹139.37 Cr |
| Borrowings (Current) | ₹1,747.8 Cr | ₹1,190.8 Cr | ₹808.09 Cr | ₹687.61 Cr |
| Total Debt (computed) | ₹1,937.47 Cr | ₹1,532.7 Cr | ₹812.31 Cr | ₹826.98 Cr |
| Current Liabilities | ₹3,478.52 Cr | ₹2,428.69 Cr | ₹1,640.85 Cr | ₹1,559.65 Cr |
| Total Liabilities | ₹4,935.11 Cr | ₹3,824.21 Cr | ₹2,382.25 Cr | ₹2,297.17 Cr |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Operating Cash Flow | ₹1,213.98 Cr | ₹701.1 Cr | ₹644.79 Cr | ₹795.02 Cr | ₹703.56 Cr |
| Investing Cash Flow | -₹452.36 Cr | -₹745.9 Cr | -₹57.99 Cr | ₹16.35 Cr | -₹594.58 Cr |
| Financing Cash Flow | -₹666.78 Cr | ₹22.59 Cr | -₹564.19 Cr | -₹743.38 Cr | -₹157.96 Cr |
| Capital Expenditure | ₹195.73 Cr | ₹241.2 Cr | ₹85.1 Cr | ₹53.62 Cr | ₹85.03 Cr |
| Free Cash Flow (computed) | ₹1,018.25 Cr | ₹459.9 Cr | ₹559.69 Cr | ₹741.4 Cr | ₹618.53 Cr |
| Dividends Paid | ₹380.13 Cr | ₹275.86 Cr | ₹240.59 Cr | ₹238.45 Cr | ₹238.4 Cr |
| Net Change in Cash | ₹104.37 Cr | -₹20.56 Cr | ₹23.23 Cr | ₹68.72 Cr | -₹48.8 Cr |
| Metrics | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 | Q4 FY24 | Q3 FY24 | Q2 FY24 | Q1 FY24 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹2,583.45 Cr | ₹2,443.08 Cr | ₹2,312.21 Cr | ₹2,217.65 Cr | ₹2,161.46 Cr | ₹2,102.38 Cr | ₹1,925.38 Cr | ₹1,791.1 Cr | ₹1,670.46 Cr | ₹1,596.6 Cr | ₹1,539.97 Cr | ₹1,529.21 Cr |
| Other Income | -₹1.71 Cr | ₹3.62 Cr | -₹1.29 Cr | ₹6.83 Cr | ₹2.12 Cr | -₹2.1 Cr | -₹2.73 Cr | ₹1.84 Cr | ₹2.81 Cr | ₹15.36 Cr | ₹16.94 Cr | ₹1.73 Cr |
| Total Income | ₹2,581.75 Cr | ₹2,446.7 Cr | ₹2,310.93 Cr | ₹2,224.48 Cr | ₹2,163.58 Cr | ₹2,100.28 Cr | ₹1,922.66 Cr | ₹1,792.94 Cr | ₹1,673.27 Cr | ₹1,611.96 Cr | ₹1,556.91 Cr | ₹1,530.94 Cr |
| Cost of Materials Consumed | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Employee Benefit Expense | ₹1,476.65 Cr | ₹1,431.17 Cr | ₹1,361.77 Cr | ₹1,320.7 Cr | ₹1,351.5 Cr | ₹1,307.04 Cr | ₹1,210.44 Cr | ₹1,126.8 Cr | ₹1,055.79 Cr | ₹989.32 Cr | ₹940 Cr | ₹923.74 Cr |
| Finance Costs | ₹52.02 Cr | ₹43.25 Cr | ₹42.76 Cr | ₹43.44 Cr | ₹42.62 Cr | ₹39.32 Cr | ₹34.33 Cr | ₹31.6 Cr | ₹26.53 Cr | ₹25.42 Cr | ₹26.07 Cr | ₹25.37 Cr |
| Depreciation & Amortisation | ₹116.09 Cr | ₹111.2 Cr | ₹109.56 Cr | ₹97.25 Cr | ₹90.6 Cr | ₹84.4 Cr | ₹79.19 Cr | ₹72.85 Cr | ₹67.33 Cr | ₹66.27 Cr | ₹65.37 Cr | ₹61.25 Cr |
| Other Expenses | ₹676.39 Cr | ₹609.25 Cr | ₹574.42 Cr | ₹549.86 Cr | ₹477.14 Cr | ₹477.68 Cr | ₹427.67 Cr | ₹394.43 Cr | ₹364.34 Cr | ₹370.15 Cr | ₹371.17 Cr | ₹365.29 Cr |
| Total Expenses | ₹2,321.14 Cr | ₹2,194.88 Cr | ₹2,088.5 Cr | ₹2,011.25 Cr | ₹1,961.86 Cr | ₹1,908.44 Cr | ₹1,751.63 Cr | ₹1,625.68 Cr | ₹1,513.98 Cr | ₹1,451.17 Cr | ₹1,402.61 Cr | ₹1,375.65 Cr |
| Profit Before Exceptional Items & Tax | ₹260.6 Cr | ₹251.82 Cr | ₹222.42 Cr | ₹213.23 Cr | ₹201.71 Cr | ₹191.85 Cr | ₹171.03 Cr | ₹167.26 Cr | ₹159.29 Cr | ₹160.79 Cr | ₹154.3 Cr | ₹155.29 Cr |
| Exceptional Items | ₹0 | -₹100.15 Cr | ₹1.91 Cr | ₹0 | ₹0 | ₹8.81 Cr | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹260.6 Cr | ₹151.68 Cr | ₹224.33 Cr | ₹213.23 Cr | ₹201.71 Cr | ₹200.65 Cr | ₹171.03 Cr | ₹167.26 Cr | ₹159.29 Cr | ₹160.79 Cr | ₹154.3 Cr | ₹155.29 Cr |
| Total Tax Expense | ₹55.36 Cr | ₹31.35 Cr | ₹44.82 Cr | ₹43.9 Cr | ₹41.03 Cr | ₹40.35 Cr | ₹32.82 Cr | ₹32.01 Cr | ₹25.79 Cr | ₹32.06 Cr | ₹27.79 Cr | ₹29.31 Cr |
| Net Profit | ₹205.25 Cr | ₹120.33 Cr | ₹179.51 Cr | ₹169.33 Cr | ₹160.69 Cr | ₹160.31 Cr | ₹138.21 Cr | ₹135.25 Cr | ₹133.5 Cr | ₹128.73 Cr | ₹126.51 Cr | ₹125.99 Cr |
| attributable to Owners | ₹205.24 Cr | ₹120.33 Cr | ₹179.52 Cr | ₹169.33 Cr | ₹160.69 Cr | ₹160.3 Cr | ₹138.22 Cr | ₹135.25 Cr | ₹133.5 Cr | ₹128.73 Cr | ₹126.51 Cr | ₹125.99 Cr |
| attributable to NCI | ₹10,000 | -₹50,000 | -₹20,000 | -₹70,000 | ₹10,000 | ₹10,000 | -₹50,000 | -₹10,000 | ₹0 | -₹10,000 | ₹0 | -₹30,000 |
| Other Comprehensive Income | ₹79.42 Cr | -₹57.6 Lakh | ₹21.64 Cr | -₹121.27 Cr | -₹18.61 Cr | ₹156.04 Cr | -₹102.55 Cr | ₹8.38 Cr | ₹34.5 Cr | -₹35.76 Cr | ₹45.57 Cr | ₹6.13 Cr |
| Total Comprehensive Income | ₹284.66 Cr | ₹119.75 Cr | ₹201.16 Cr | ₹48.06 Cr | ₹142.07 Cr | ₹316.34 Cr | ₹35.66 Cr | ₹143.63 Cr | ₹168 Cr | ₹92.97 Cr | ₹172.08 Cr | ₹132.12 Cr |
| EBITDA (computed) | ₹428.71 Cr | ₹406.27 Cr | ₹374.74 Cr | ₹353.91 Cr | ₹334.94 Cr | ₹315.57 Cr | ₹284.55 Cr | ₹271.71 Cr | ₹253.14 Cr | ₹252.49 Cr | ₹245.74 Cr | ₹241.91 Cr |
| Basic EPS | ₹2.97 | ₹1.74 | ₹2.60 | ₹2.45 | ₹2.33 | ₹2.33 | ₹2.01 | ₹1.97 | ₹1.94 | ₹1.88 | ₹1.85 | ₹1.85 |
| Diluted EPS | ₹2.91 | ₹1.71 | ₹2.54 | ₹2.40 | ₹2.28 | ₹2.27 | ₹1.96 | ₹1.92 | ₹1.90 | ₹1.84 | ₹1.80 | ₹1.80 |
| Segment · Q4 FY26 (latest quarter) | Revenue | Result (PBIT) | Assets | Liabilities |
|---|---|---|---|---|
| Banking and Financial Services | ₹841.31 Cr | ₹171.72 Cr | ₹0 | ₹0 |
| Healthcare | ₹898.1 Cr | ₹126.21 Cr | ₹0 | ₹0 |
| Communication, Media and Technology | ₹521.21 Cr | ₹109.23 Cr | ₹0 | ₹0 |
| Diverse Industries | ₹352.43 Cr | ₹37.15 Cr | ₹0 | ₹0 |
| Segment · FY 2026 (annual) | Revenue | Result (PBIT) | Assets | Liabilities |
|---|---|---|---|---|
| Banking and Financial Services | ₹3,112.82 Cr | ₹609.49 Cr | - | - |
| Healthcare | ₹3,209.07 Cr | ₹428.11 Cr | - | - |
| Communication, Media and Technology | ₹2,043.72 Cr | ₹385.44 Cr | - | - |
| Diverse Industries | ₹1,250.51 Cr | ₹135.89 Cr | - | - |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹2,882.85 Cr | ₹2,306.57 Cr | ₹1,601.15 Cr | ₹1,375.7 Cr | ₹1,592.01 Cr | ₹1,324.74 Cr | ₹939.91 Cr |
| Other Income | ₹41.65 Cr | ₹40.27 Cr | ₹36.58 Cr | ₹33.74 Cr | ₹30.75 Cr | ₹28.22 Cr | ₹30.8 Cr |
| Total Income | ₹2,924.5 Cr | ₹2,346.84 Cr | ₹1,637.73 Cr | ₹1,409.44 Cr | ₹1,622.76 Cr | ₹1,352.96 Cr | ₹970.71 Cr |
| Cost of Materials Consumed | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Employee Benefit Expense | ₹1,479.22 Cr | ₹1,245.6 Cr | ₹821.15 Cr | ₹712.13 Cr | ₹800.05 Cr | ₹630.62 Cr | ₹480.86 Cr |
| Finance Costs | ₹62.82 Cr | ₹42.92 Cr | ₹17.34 Cr | ₹14.94 Cr | ₹20.07 Cr | ₹15.3 Cr | ₹15.68 Cr |
| Depreciation & Amortisation | ₹205.39 Cr | ₹125.75 Cr | ₹92.04 Cr | ₹88.84 Cr | ₹88.2 Cr | ₹79.8 Cr | ₹70.58 Cr |
| Other Expenses | ₹536.36 Cr | ₹453.83 Cr | ₹327.31 Cr | ₹282.48 Cr | ₹261.09 Cr | ₹201.91 Cr | ₹191.6 Cr |
| Total Expenses | ₹2,283.8 Cr | ₹1,868.09 Cr | ₹1,257.83 Cr | ₹1,098.39 Cr | ₹1,169.4 Cr | ₹927.63 Cr | ₹758.72 Cr |
| Profit Before Exceptional Items & Tax | ₹640.7 Cr | ₹478.75 Cr | ₹379.9 Cr | ₹311.06 Cr | ₹453.36 Cr | ₹425.33 Cr | ₹211.99 Cr |
| Exceptional Items | -₹97.47 Cr | ₹55.14 Cr | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹543.23 Cr | ₹533.9 Cr | ₹379.9 Cr | ₹311.06 Cr | ₹453.36 Cr | ₹425.33 Cr | ₹211.99 Cr |
| Total Tax Expense | ₹111.13 Cr | ₹106.85 Cr | ₹60.2 Cr | ₹62.71 Cr | ₹65.77 Cr | ₹58.67 Cr | ₹29.98 Cr |
| Net Profit | ₹432.1 Cr | ₹427.04 Cr | ₹319.7 Cr | ₹248.34 Cr | ₹387.59 Cr | ₹366.65 Cr | ₹182.02 Cr |
| Other Comprehensive Income | -₹345.95 Cr | -₹21.46 Cr | ₹18.25 Cr | -₹34.2 Cr | ₹12.83 Cr | -₹19.85 Cr | -₹4.05 Cr |
| Total Comprehensive Income | ₹86.16 Cr | ₹405.59 Cr | ₹337.95 Cr | ₹214.14 Cr | ₹400.42 Cr | ₹346.8 Cr | ₹177.96 Cr |
| EBITDA (computed) | ₹908.91 Cr | ₹647.41 Cr | ₹489.27 Cr | ₹414.83 Cr | ₹561.62 Cr | ₹520.42 Cr | ₹298.25 Cr |
| Basic EPS | ₹6.26 | ₹6.20 | ₹4.67 | ₹3.65 | ₹5.70 | ₹5.38 | ₹2.63 |
| Diluted EPS | ₹6.13 | ₹6.05 | ₹4.56 | ₹3.54 | ₹5.49 | ₹5.20 | ₹2.62 |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Total Assets | ₹4,292.02 Cr | ₹3,800.5 Cr | ₹2,964.6 Cr | ₹2,619.2 Cr |
| Non-current Assets | ₹2,916.3 Cr | ₹2,734.57 Cr | ₹2,083.75 Cr | ₹1,838.03 Cr |
| Current Assets | ₹1,375.72 Cr | ₹1,065.93 Cr | ₹880.85 Cr | ₹781.17 Cr |
| Property, Plant & Equipment | ₹148.52 Cr | ₹143.6 Cr | ₹86.85 Cr | ₹71.38 Cr |
| Inventories | ₹0 | ₹0 | ₹0 | ₹0 |
| Trade Receivables | ₹1,199.32 Cr | ₹894.57 Cr | ₹729.32 Cr | ₹637.46 Cr |
| Cash & Equivalents | ₹34.23 Cr | ₹19.36 Cr | ₹41.41 Cr | ₹17.46 Cr |
| Equity (Net Worth) | ₹2,295.27 Cr | ₹2,575.85 Cr | ₹2,410.73 Cr | ₹2,304.35 Cr |
| Equity Share Capital | ₹696.99 Cr | ₹696.99 Cr | ₹696.99 Cr | ₹696.99 Cr |
| Borrowings (Non-current) | ₹0 | ₹0 | ₹4.22 Cr | ₹3.79 Cr |
| Borrowings (Current) | ₹312.65 Cr | ₹245.84 Cr | ₹3.22 Cr | ₹4.39 Cr |
| Total Debt (computed) | ₹312.65 Cr | ₹245.84 Cr | ₹7.43 Cr | ₹8.17 Cr |
| Current Liabilities | ₹1,168.6 Cr | ₹728.67 Cr | ₹247.3 Cr | ₹181.39 Cr |
| Total Liabilities | ₹1,996.75 Cr | ₹1,224.66 Cr | ₹553.88 Cr | ₹314.85 Cr |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Operating Cash Flow | ₹633.02 Cr | ₹503.63 Cr | ₹347.57 Cr | ₹270.19 Cr | ₹415.69 Cr |
| Investing Cash Flow | -₹33.56 Cr | -₹342.41 Cr | -₹26.3 Cr | ₹47.14 Cr | -₹50.19 Cr |
| Financing Cash Flow | -₹584.87 Cr | -₹183.22 Cr | -₹297.2 Cr | -₹319 Cr | -₹356.17 Cr |
| Capital Expenditure | ₹118.4 Cr | ₹151.13 Cr | ₹52.92 Cr | ₹22.28 Cr | ₹37.86 Cr |
| Free Cash Flow (computed) | ₹514.62 Cr | ₹352.49 Cr | ₹294.65 Cr | ₹247.91 Cr | ₹377.83 Cr |
| Dividends Paid | ₹380.13 Cr | ₹275.86 Cr | ₹240.59 Cr | ₹238.45 Cr | ₹238.4 Cr |
| Net Change in Cash | ₹14.87 Cr | -₹22.06 Cr | ₹23.95 Cr | -₹1.46 Cr | ₹9 Cr |
| Metrics | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 | Q4 FY24 | Q3 FY24 | Q2 FY24 | Q1 FY24 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹773.64 Cr | ₹752.02 Cr | ₹675.03 Cr | ₹682.16 Cr | ₹627.68 Cr | ₹623.95 Cr | ₹542.03 Cr | ₹512.9 Cr | ₹465.77 Cr | ₹434.92 Cr | ₹364.28 Cr | ₹336.18 Cr |
| Other Income | ₹8.64 Cr | ₹10.95 Cr | ₹10.01 Cr | ₹12.05 Cr | ₹10.65 Cr | ₹10.89 Cr | ₹8.36 Cr | ₹10.38 Cr | ₹9.03 Cr | ₹10.08 Cr | ₹9.31 Cr | ₹8.16 Cr |
| Total Income | ₹782.28 Cr | ₹762.97 Cr | ₹685.04 Cr | ₹694.21 Cr | ₹638.33 Cr | ₹634.84 Cr | ₹550.39 Cr | ₹523.28 Cr | ₹474.8 Cr | ₹445 Cr | ₹373.59 Cr | ₹344.34 Cr |
| Cost of Materials Consumed | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Employee Benefit Expense | ₹391.61 Cr | ₹379.57 Cr | ₹364.36 Cr | ₹343.69 Cr | ₹343.15 Cr | ₹329.06 Cr | ₹300.47 Cr | ₹272.92 Cr | ₹244.12 Cr | ₹217.82 Cr | ₹189.53 Cr | ₹169.2 Cr |
| Finance Costs | ₹16.87 Cr | ₹16.85 Cr | ₹14.84 Cr | ₹14.27 Cr | ₹13.15 Cr | ₹11.42 Cr | ₹9.98 Cr | ₹8.37 Cr | ₹5.37 Cr | ₹4.95 Cr | ₹3.99 Cr | ₹3.04 Cr |
| Depreciation & Amortisation | ₹53.91 Cr | ₹53.47 Cr | ₹54.24 Cr | ₹43.78 Cr | ₹39.51 Cr | ₹34.17 Cr | ₹26.27 Cr | ₹25.79 Cr | ₹26.25 Cr | ₹24.01 Cr | ₹21.83 Cr | ₹19.95 Cr |
| Other Expenses | ₹132.28 Cr | ₹144.18 Cr | ₹133.82 Cr | ₹126.08 Cr | ₹117.02 Cr | ₹137.28 Cr | ₹101.37 Cr | ₹98.16 Cr | ₹88.13 Cr | ₹88.79 Cr | ₹73.49 Cr | ₹77.38 Cr |
| Total Expenses | ₹594.66 Cr | ₹594.07 Cr | ₹567.25 Cr | ₹527.81 Cr | ₹512.84 Cr | ₹511.92 Cr | ₹438.09 Cr | ₹405.24 Cr | ₹363.87 Cr | ₹335.57 Cr | ₹288.83 Cr | ₹269.56 Cr |
| Profit Before Exceptional Items & Tax | ₹187.62 Cr | ₹168.9 Cr | ₹117.78 Cr | ₹166.4 Cr | ₹125.49 Cr | ₹122.92 Cr | ₹112.3 Cr | ₹118.04 Cr | ₹110.92 Cr | ₹109.44 Cr | ₹84.76 Cr | ₹74.78 Cr |
| Exceptional Items | ₹0 | -₹97.47 Cr | ₹0 | ₹0 | ₹0 | ₹55.14 Cr | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹187.62 Cr | ₹71.43 Cr | ₹117.78 Cr | ₹166.4 Cr | ₹125.49 Cr | ₹178.06 Cr | ₹112.3 Cr | ₹118.04 Cr | ₹110.92 Cr | ₹109.44 Cr | ₹84.76 Cr | ₹74.78 Cr |
| Total Tax Expense | ₹47.59 Cr | ₹12.63 Cr | ₹19.74 Cr | ₹31.18 Cr | ₹33.14 Cr | ₹30.08 Cr | ₹20.44 Cr | ₹23.19 Cr | ₹17.74 Cr | ₹19.89 Cr | ₹12.67 Cr | ₹9.91 Cr |
| Net Profit | ₹140.03 Cr | ₹58.81 Cr | ₹98.05 Cr | ₹135.22 Cr | ₹92.35 Cr | ₹147.98 Cr | ₹91.86 Cr | ₹94.85 Cr | ₹93.18 Cr | ₹89.55 Cr | ₹72.09 Cr | ₹64.88 Cr |
| Other Comprehensive Income | -₹110.71 Cr | -₹35.38 Cr | -₹76.92 Cr | -₹122.94 Cr | -₹10.9 Cr | ₹95.2 Cr | -₹113.6 Cr | ₹7.83 Cr | ₹28.28 Cr | -₹37.03 Cr | ₹14.52 Cr | ₹12.48 Cr |
| Total Comprehensive Income | ₹29.33 Cr | ₹23.42 Cr | ₹21.12 Cr | ₹12.28 Cr | ₹81.45 Cr | ₹243.19 Cr | -₹21.74 Cr | ₹102.69 Cr | ₹121.47 Cr | ₹52.52 Cr | ₹86.61 Cr | ₹77.36 Cr |
| EBITDA (computed) | ₹258.39 Cr | ₹239.22 Cr | ₹186.86 Cr | ₹224.44 Cr | ₹178.16 Cr | ₹168.51 Cr | ₹148.55 Cr | ₹152.2 Cr | ₹142.54 Cr | ₹138.4 Cr | ₹110.57 Cr | ₹97.76 Cr |
| Basic EPS | ₹2.03 | ₹0.85 | ₹1.42 | ₹1.96 | ₹1.34 | ₹2.15 | ₹1.34 | ₹1.38 | ₹1.36 | ₹1.31 | ₹1.06 | ₹0.95 |
| Diluted EPS | ₹1.99 | ₹0.83 | ₹1.39 | ₹1.92 | ₹1.31 | ₹2.10 | ₹1.31 | ₹1.35 | ₹1.33 | ₹1.28 | ₹1.03 | ₹0.93 |
Shareholding Pattern of Firstsource Solutions Limited
As per the shareholding pattern filed with NSE for the quarter ended Mar 2026, promoters hold 53.66%, foreign institutional investors hold 8.86%, domestic institutional investors hold 25.49%, retail and other public shareholders hold 11.04% of Firstsource Solutions Limited. The company had 229,935 shareholders on record.
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | |
|---|---|---|---|---|---|---|
| Promoters | 53.66% | 53.66% | 53.66% | 53.66% | 53.66% | 53.66% |
| Public | 45.39% | 45.51% | 45.46% | 45.45% | 45.23% | 45.25% |
| Employee Trusts | 0.95% | 0.83% | 0.88% | 0.89% | 1.11% | 1.09% |
| Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 53.66% | 53.66% | 53.66% | 53.66% | 53.66% | 53.72% | 53.90% | 54.12% | 54.47% | 54.89% | 55.54% |
| Public | 45.39% | 45.23% | 45.00% | 44.11% | 43.90% | 43.83% | 45.74% | 45.88% | 45.53% | 45.11% | 44.46% |
| Employee Trusts | 0.95% | 1.11% | 1.35% | 2.24% | 2.44% | 2.44% | 0.36% | 0.00% | 0.00% | 0.00% | 0.00% |
| Promoter change (YoY, %pts) | +0.00 | +0.00 | +0.00 | +0.00 | -0.06 | -0.18 | -0.22 | -0.35 | -0.42 | -0.65 | - |
Board & Governance of Firstsource Solutions Limited
As per the corporate governance filing with NSE for the quarter ended 31-MAR-2026, the board of Firstsource Solutions Limited has 12 directors - 7 independent and 1 executive. The board is chaired by Sanjiv Goenka.
| Director | Position | On board since | Listed boards |
|---|---|---|---|
| Sanjiv Goenka | Non-Executive - Non Independent Director · Chairperson | 2012-12-03 | 5 |
| Ritesh Idnani | Executive Director · CEO-MD | 2023-09-01 | 1 |
| Shashwat Goenka | Non-Executive - Non Independent Director | 2012-12-05 | 5 |
| Pradip Kumar Khaitan | Non-Executive - Non Independent Director | 2014-11-14 | 2 |
| Subrata Talukdar | Non-Executive - Non Independent Director | 2012-12-05 | 1 |
| Sunil Mitra | Non-Executive - Independent Director | 2019-04-01 | 0 |
| Vanita Uppal | Non-Executive - Independent Director | 2022-05-05 | 1 |
| Utsav Parekh | Non-Executive - Independent Director | 2022-11-02 | 7 |
| Rekha Sethi | Non-Executive - Independent Director | 2023-09-01 | 4 |
| T C Suseel Kumar | Non-Executive - Independent Director | 2023-09-01 | 4 |
| Rajiv Kumar | Non-Executive - Independent Director | 2024-05-03 | 1 |
| Paras Kumar Chowdhary | Non-Executive - Independent Director | 2026-03-05 | 3 |
| Committee | Members |
|---|---|
| Audit Committee | Sunil Mitra, Subrata Talukdar, Utsav Parekh (Chairperson), T C Suseel Kumar |
| Nomination and remuneration committee | T C Suseel Kumar (Chairperson), Utsav Parekh, Subrata Talukdar |
| Stakeholders Relationship Committee | Subrata Talukdar (Chairperson), Ritesh Idnani, Rekha Sethi |
| Risk Management Committee | Shashwat Goenka (Chairperson), Ritesh Idnani, Vanita Uppal, Dinesh Jain |
| Corporate Social Responsibility Committee | Shashwat Goenka (Chairperson), Ritesh Idnani, Subrata Talukdar, Rajiv Kumar |
Group Structure of Firstsource Solutions Limited
Firstsource Solutions Limited has 1 subsidiary company and 1 associated company. This group structure data is as of FY 2023. The corporate group structure reflects Firstsource Solutions Limited's business expansion strategy and organizational complexity.
| Company Name | CIN | Shares Held |
|---|---|---|
| Firstsource Process Management Services Limited | U72200KA2010PLC055713 | - |
Showing major subsidiaries. Total: 1.
Charges & Borrowings of Firstsource Solutions Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 18 Aug 2015 | Others | ₹150 Cr | Satisfied |
| 22 Jul 2011 | Il & Fs Trust Company Limited | ₹1,734 Cr | Satisfied |
| 08 Jan 2009 | 3I Infotech Trusteeship Services Limited | ₹6 Cr | Satisfied |
| 22 Sep 2004 | Abn Amro Bank N.A | ₹1.1 Cr | Satisfied |
| 08 Jun 2004 | Icici Bank Ltd. | ₹69 Cr | Satisfied |
Total charge records: 5 View all charges
Employees and EPFO Compliance at Firstsource Solutions Limited
Firstsource Solutions Limited has a workforce of 14,601 employees as of Apr 09, 2024.
Employee Count & EPFO Data of Firstsource Solutions Limited
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GST Compliance of Firstsource Solutions Limited
GSTIN & GST Filing Data of Firstsource Solutions Limited
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Credit Ratings, Litigation & Regulatory Alerts for Firstsource Solutions Limited
Credit Ratings, Legal Cases & Regulatory Alerts of Firstsource Solutions Limited
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MSME Payment Delays by Firstsource Solutions Limited
MSME Payment Delays by Firstsource Solutions Limited
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Subsidiaries & Group Companies of Firstsource Solutions Limited
Subsidiaries & Group Companies of Firstsource Solutions Limited
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MCA Filings & Documents of Firstsource Solutions Limited
MCA Filings & Documents of Firstsource Solutions Limited
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Recent Activity on Firstsource Solutions Limited
Recent News on Firstsource Solutions Limited
Frequently Asked Questions about Firstsource Solutions Limited
Firstsource Solutions Limited is an active public limited company in the business outsourcing sector based in Goregaon East, Maharashtra, India. It was incorporated on 06 December 2001 (25+ years old) and is registered under CIN L64202MH2001PLC134147. Listed on BSE: 532809 and NSE: FSL. The company has 14,601 employees.
Firstsource Solutions Limited reported revenue of ₹7,979.45 Cr for FY 2025 (up 25.00% YoY).
The current directors of Firstsource Solutions Limited are:
The primary industry of Firstsource Solutions Limited is business outsourcing. The company specifically operates in business process outsourcing. The company is currently active in this sector.
Yes. Firstsource Solutions Limited is listed on both BSE (code: 532809) and NSE (symbol: FSL).
Firstsource Solutions Limited can be reached at the registered office: 1St Floor Athena Towers, Mindspace Malad, Goregaon East, Maharashtra, India – 400063, or through the website firstsource.com.