Airan Limited, incorporated in 1995 and founded in 1989, is headquartered in Ahmedabad, India. It has evolved into a comprehensive provider of information technology services and IT-enabled solutions. The company offers information technology services including software development, back and front office management, field operations, and banking transaction processing services.
The company is engaged in the business of Information Technology and IT-enabled services. This includes banking transaction processing services and document management services for telecommunication companies, internet service providers, and payment banks. Airan provides consulting, technology, outsourcing, and next-generation digital services & software, enabling clients to execute strategies for their digital transformation.
Airan Limited offers a comprehensive suite of services across multiple domains. The company provides:
- Cash management, door-step banking, and pickup services.
- Fee collection/counter management and customer onboarding eKYC.
- Cheque truncation/processing, e-stamping/registration fee collection.
- Document management, contact center, and records management.
- Address verification and credit verification services.
- Back office management, bookkeeping, and software development.
- Self-managed superannuation fund, financials, and taxation services.
- Data migration, payroll processing, and labour law compliance.
- Digital document verification and automobile inspection services.
The company also offers application outsourcing, business process outsourcing (BPO), knowledge process outsourcing (KPO), and E-KYC solutions. It handles CTS clearing processing, account opening forms processing, and managing collection counters. Airan also provides Book Keeping Services to offshore clients via its subsidiaries.
In 2001, following the opening of Private Sector Banks and the spread of MNC branches, Airan Limited entered into agreements with banks such as HDFC Bank, UTI Bank, and Citibank. During 2003 and 2004-2014, Airan Limited was appointed as the sole coordinator for Cash Management Services (CMS) in Gujarat and Rajasthan for banks like Standard Chartered Bank, Deutsche Bank, and ICICI Bank, among others. The company also provided services for clearing operations at 9 locations in Western India.
The company has operations in India, the United Arab Emirates, and the Asia Pacific region, demonstrating its international expansion and capability to serve clients across different markets.
The market cap of Airan Ltd is ₹342.55 Cr as of 23rd May 2025, positioning it as a small-cap company in the IT services sector. As per Value Research classification, it is classified as a Small Cap company.
The company has shown mixed financial performance in recent quarters. Key financial highlights include:
- Revenue Performance (FY2024): For the year ended 2024, Airan Ltd posted a profit of ₹12.89 crore on a total income of ₹105.50 crore.
- Q3 FY25 Results: On a consolidated basis, Airan Ltd reported a profit of ₹1.98 crore on a total income of ₹23.89 crore for the quarter ended December 2024.
- Q2 FY25 Results: Net loss reported was ₹1.66 crore in the quarter ended September 2024, against a net profit of ₹3.06 crore in the previous quarter (September 2023). Sales declined by 1.54% to ₹26.23 crore.
- Q1 FY25 Results: Net profit rose by 1087.98% to ₹21.74 crore in the quarter ended June 2024, compared to ₹1.83 crore in the previous quarter (June 2023). Sales increased by 9.59% to ₹26.16 crore.
For FY25, the company reported revised consolidated results with other income of ₹1113.21L, PBT of ₹2371.53L, and PAT of ₹1876.56L.
- Growth Trajectory: Company has delivered good profit growth of 21.3% CAGR over the last 5 years.
- Return on Equity: Company has a low return on equity of 11.2% over the last 3 years.
- Debt Position: Company is almost debt-free.
- Valuation Ratios: The P/E ratio is 27.30 and the P/B ratio is 2.54.
Promoter Holding stands at 72.3%, with promoter holding having gone down slightly to 72.34% as of Mar 2025 from 72.37% as of Jun 2024, indicating stable promoter control.
The 52-week high of Airan Ltd is ₹48.78 and the 52-week low is ₹23.16. Airan Ltd has given a return of 13.16% in the last 3 years. The share price moved up by 9.08% over the last 12 months on BSE and by 62.95% over the last 3 years on NSE.
The company is chaired by Sandeepkumar Agrawal, and the registered office is located at 408 Kirtiman Complex, B/h Rembrandt C G Road, Ahmedabad, Gujarat-380006.
Airan Ltd reported audited FY25 standalone and consolidated results on 28 May and appointed a new internal auditor for FY26. The company continues to strengthen its operational framework and governance structure.
Airan Ltd belongs to the Information Technology sector & IT Services & Consulting sub-sector, positioning itself as a niche player in the banking and financial services IT solutions space. Despite facing quarterly volatility, the company maintains its focus on digital transformation services and continues to expand its service offerings to meet evolving client needs in the rapidly changing technology landscape.
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