Systango Technologies Ltd is a leading digital engineering services company, specializing in Web2, Web3, mobile app development, and data analytics solutions. Incorporated in 2007, the company is ISO 27001 & ISO 9001 certified and operates with offices in the USA, UK, and India. Originally incorporated as Bushcare Overseas Private Limited on September 17, 2004, it underwent several name changes before becoming Systango Technologies Limited, a Public Limited Company, on December 27, 2022.
Systango provides a comprehensive range of software solutions designed to enable companies in creating, implementing, and managing their customized digital platforms. Their core services include Web2 and Web3 development, mobile application development (iOS and Android), Decentralized Finance (DeFi), data engineering, blockchain implementation, and cloud computing. The company also offers digital marketing services across various sectors such as financial services (FinTech), hospitality, fantasy sports, and property tech. Headquartered in Indore's Special Economic Zone (SEZ), its global operations are supported by wholly-owned subsidiaries: iSystango Ltd in the UK and Systango LLC in the USA, with a new subsidiary, Systango Inc., established in the United States in 2023-24.
Systango Technologies has demonstrated robust financial performance and growth. As per the latest available data, the company has a market capitalization of ₹349 Crore. For the financial year ended March 2025, Systango reported a significant 19% sales growth to ₹67.14 Crore, with a healthy Profit After Tax (PAT) margin of 35%. In FY 2024, total revenue was approximately ₹61.33 Crore. The trailing twelve months (TTM) profit after tax stands at ₹17 Crore.
The company has shown outstanding annual revenue growth of 22%, a strong pre-tax margin of 43%, and an exceptional Return on Equity (ROE) of 23% (as per latest available data). Its Return on Capital Employed (ROCE) averaged 26.5% from FY ending March 2023 to 2025, with a median of 26.3%.
• FY 2024-25 Performance: Sales Growth of 19% to ₹67.14 Cr, PAT Margin of 35%.
• FY 2023-24 Performance: Total Revenue of ₹61.33 Cr.
• TTM Profit After Tax: ₹17 Cr.
• Annual Revenue Growth: 22%
• Pre-tax Margin: 43%
• ROE: 23% (Latest Data), 26.8% (3 Years)
• ROCE: 32.3% (Latest Data), Averaged 26.5% (FY23-25)
• Stock P/E: 14.7 (as per latest data mentioned in source)
• Book Value: ₹69.7
• Market Cap: ₹349 Cr
Systango Technologies operates with a nearly debt-free balance sheet, enabling stable earnings growth across business cycles and contributing to its strong financial health. The company has delivered impressive profit growth, achieving a Compound Annual Growth Rate (CAGR) of 57.6% over the last five years. Its consistent track record of good return on equity (ROE) is further highlighted by a 3-year ROE of 26.8%. Promoter holding has seen a slight increase, reaching 72.04% as of September 2024 from 71.96% in March 2023. The promoters, VINITA RATHI and NILESH RATHI, collectively hold 71.96% of the total equity.
Systango Technologies is classified as a Small Cap company according to Value Research. Its Price-to-Book (P/B) ratio is 4.00 times, which represents a 40% discount compared to its peers' median of 6.66 times. The Price-to-Earnings (P/E) ratio is 18.52 times, offering a 53% discount to the peer median of 39.68 times. The company's 52-week share price high is ₹334.70, and the low is ₹192.70.
Systango Technologies has actively pursued strategic initiatives for business expansion. As of July 2025, the company announced a strategic partnership with Chesamel Group Limited, UK, and an expansion of its Fresher Hiring Program. It has also partnered with a leading global Web3 and AI incubator. The company launched off-the-shelf solutions for Intelligent Document Processing (IDP) and Generative Business Intelligence (Gen-BI).
The company's capital market journey includes its Initial Public Offer (IPO) in March 2023, where it raised ₹34.8 Crore by issuing 38,68,800 equity shares. Systango Technologies Ltd is listed on the NSE under the symbol SYSTANGO, belonging to the Information Technology sector and the IT Services & Consulting sub-sector.
With a strong focus on emerging technologies like Web3, blockchain, and AI-driven solutions, a global presence, and a diverse client base across multiple industry verticals, Systango Technologies is well-positioned to capitalize on the ongoing digital transformation trends. The company's consistent growth in revenue and profitability, coupled with a debt-free status, reinforces its potential for future expansion.
