Expleo Solutions Limited, along with its subsidiaries, is a prominent provider of software validation and verification services, primarily catering to the banking, financial services, and insurance (BFSI) industries worldwide. The company offers a comprehensive suite of services including computer programming, consultancy, quality management, software development, software testing, digital transformation, product and process engineering, and customer support and maintenance. Expleo Solutions also boasts strong capabilities in emerging fields such as artificial intelligence (AI) engineering, digitalization, hyper-automation, cybersecurity, and data science.
Originally incorporated in 1998 as SQS India BFSI Limited, the company changed its name to Expleo Solutions Limited in April 2019. Its shares are listed on the National Stock Exchange of India Limited and BSE Limited since October 26, 2009. The registered office is located at 6A 6th Flr Prince Infocity II, 283/3 283/4 Kandanchavadi, Chennai, Tamil Nadu, 600096.
Expleo Solutions offers a range of Software Validation and Verification Services, along with Software Development and Engineering consultancy services. While its core focus is the BFSI sector, the company also serves critical industries such as Aerospace, Automotive, Defence, and Rail.
The company has a significant global footprint, established through four wholly-owned subsidiaries dedicated to market development and service delivery in their respective regions:
- Expleo Solutions Pte. Ltd. (Singapore)
- Expleo Solutions UK Ltd. (United Kingdom)
- Expleo Solutions Inc. (United States of America)
- Expleo Solutions FZE (United Arab Emirates)
In a strategic move to enhance market access, the company incorporated a new wholly-owned subsidiary, Expleo Solutions LLC, in Dubai, UAE during 2023-24, to provide Information Technology Enabled Services and address client requirements more effectively.
Expleo Solutions Ltd maintains a robust financial profile. As of June 16, 2025, the company has a market capitalization of ₹2,033 Crore. The promoter, EXPLEO TECHNOLOGY GERMANY GMBH, holds a substantial 71.05% of the total equity, indicating strong management confidence.
The stock has demonstrated significant performance, hitting a record high of ₹1,566.95 on December 20, 2024. The 52-week high share price is ₹1,566.95, and the 52-week low share price is ₹686.00.
The company's financial results for Q3 FY2024-25 showed:
- Revenue: ₹260.44 Crore
- Net Profit: ₹19.78 Crore
- This represents a -41.89% fall in net profit compared to the same period last year.
For the quarter ended June 2024 (Q1 FY2024-25):
- Net profit rose 18.38% to ₹23.90 Crore (against ₹20.19 Crore in Q1 FY2023-24).
- Sales rose 12.02% to ₹252.17 Crore (against ₹225.12 Crore in Q1 FY2023-24).
For the full year (FY2024):
- Sales: INR 9,648.7 million (compared to INR 9,032.95 million a year ago)
- Revenue: INR 9,723.83 million (compared to INR 9,194.04 million a year ago)
- Net Income: INR 904.39 million (compared to INR 1,338.88 million a year ago)
- Market Capitalization: ₹2,033 Crore (as of 16-Jun-2025)
- Promoter Holding: 71.05% (Expleo Technology Germany GmbH)
- Revenue (FY 2024): ₹1,025 Crore
- Net Profit (TTM): ₹103 Crore
- Dividend Yield: 3.90%
- Financial Health: Almost debt-free
- Operational Efficiency: Working capital requirements reduced from 92.6 days to 70.2 days.
- Chairman: Ralph Franz Gillessen
- Company Secretary: S Sampath Kumar
Expleo Solutions is actively pursuing strategic growth and operational efficiency initiatives:
- Regional Reorganization: The company has closed its Sharjah-based subsidiary due to operational challenges and is establishing a new subsidiary in Dubai to enhance market access and efficiency.
- Financial Services Expansion: Expleo plans to incorporate a 100% owned financial services subsidiary in Gift City, Gujarat, subject to IFSCA approval, indicating a focus on expanding its offerings within the financial sector.
- Equity Allotment: In 2024, the company allotted 5,267,254 equity shares to Expleo Technology Germany GmbH, its promoter, as part of a merger process, strengthening the promoter's stake.
Expleo Solutions Ltd operates primarily in the Computers - Software - Medium / Small industry. The company distinguishes itself as a specialized technology services provider, delivering critical services to a diverse range of sectors including banking, financial services, insurance, aerospace, automotive, defense, and rail industries.
