Virtual Galaxy Infotech Limited (VGIL) is an IT services and consulting firm incorporated in September 1997 and based in Nagpur, Maharashtra, India. The company operates as a SaaS-based IT company specializing in core banking solutions, ERP systems, e-governance platforms, and custom IT services. With over 26 years of experience and a 300+ member team, the company serves a diverse client base across the BFSI sector, government agencies, and industrial enterprises.
VGIL delivers innovative software products and services across multiple sectors, including Banking and Finance, ERP, E-Government, Web Services, Cloud Computing, Big Data, IoT, and System Integration. The company has successfully provided advanced technology solutions to more than 5,000 bank branches, manufacturing firms, and businesses. The company's flagship product, "e-banker," is a comprehensive Core Banking Solution designed to address the dynamic techno-financial environment of banking institutions.
Virtual Galaxy Infotech's shares are listed on NSE SME since May 19, 2025. The stock was listed at ₹180, representing a premium of 26.76% over the initial public offer (IPO) price. The market cap of Virtual Galaxy Infotech Ltd (VGINFOTECH) is ₹408.22 Cr as of July 1, 2025. The 52-week high of Virtual Galaxy Infotech Ltd is ₹197.85 and the 52-week low is ₹146.
The P/E (price-to-earnings) ratio of Virtual Galaxy Infotech Ltd is 12.71. The P/B (price-to-book) ratio is 9.76. Virtual Galaxy Infotech Ltd belongs to the Information Technology sector & Software Services sub-sector.
Virtual Galaxy Infotech IPO was a bookbuilding issue of ₹93.29 crores, comprising entirely a fresh issue of 65.70 lakh shares. The IPO bidding period was from May 9, 2025, to May 14, 2025, with the price band set at ₹142 per share. Virtual Galaxy Infotech's IPO was subscribed 215.07 times. Smart Horizon Capital Advisors Private Limited served as the book-running lead manager, while Maashitla Securities Private Limited was the registrar for the issue.
In FY25, Virtual Galaxy Infotech achieved remarkable 100% growth in revenue and profits, while sharply improving operating efficiency, capital productivity, and cash flow metrics. The company reported revenue of ₹63.5 Cr and profit of ₹16.4 Cr for FY25. The management has guided for a PAT of ₹45–50 Cr in FY26, representing another 40–55% YoY growth.
On a standalone basis, for the last three fiscals, the company posted total income/net profit of ₹42.73 cr/₹1.26 cr (FY22), ₹58.56 cr/₹1.79 cr (FY23), and ₹61.52 cr/₹16.30 cr (FY24). For 9M of FY25 ended September 30, 2024, it earned a net profit of ₹27.42 cr on total income of ₹101.37 cr.
The company posted PAT margins of 2.97% (FY22), 3.07% (FY23), 26.52% (FY24), and 27.08% (9M-FY25) on a standalone basis. It marked RoCE margins of 9.43%, 11.30%, 30.53%, and 33.39% respectively for the corresponding periods on a standalone basis.
Virtual Galaxy Infotech operates as a SaaS product-focused company, serving critical domains like Core Banking, ERP, BFSI, and E-Governance. The company has developed and deployed 7 scalable digital platforms, including its flagship E-Autopsy, focused on healthcare diagnostics, public services, and enterprise efficiency.
Their offerings focus on transaction automation, customer service delivery, compliance, and decision support. Approximately 90% of revenue comes from non-government clients, indicating diversified exposure. 30% of FY25 revenue came from newly acquired clients, proving the scalability of the sales pipeline.
Virtual Galaxy is now shifting into a second growth orbit through exports, targeting geographies including Africa and ASEAN regions, where digital health and governance platforms have strong tailwinds. Export revenue, already showing superior margins, is targeted to hit 50% of total revenue over the long term.
The company is certified under ISO 9001:2015, ISO/IEC 27001:2013, ISO/IEC 20000-1:2018, and ISO/IEC 23001-7:2023, and serves clients across India and overseas markets like Tanzania and Malawi.
The IPO funds are being utilized for setting up an additional development facility in Nagpur, Maharashtra, repayment of certain existing borrowings, procuring GPUs, servers, and storage systems to upgrade data center infrastructure, enhancement and maintenance of existing products, business development and marketing initiatives, and general corporate purposes. The company carries minimal debt, having repaid ₹3 Cr from IPO proceeds—keeping its balance sheet light and flexible.
- Market Capitalization: ₹408.22 Cr (as of July 1, 2025)
- Revenue (FY25): ₹63.5 Cr
- Net Profit (FY25): ₹16.4 Cr
- P/E Ratio: 12.71
- P/B Ratio: 9.76
- ROE: 53.2%
- ROCE: 36.4%
Virtual Galaxy Infotech represents a compelling growth story in India's IT services sector, with its focus on specialized SaaS solutions for BFSI and governance sectors, strong financial performance in FY25, and ambitious international expansion plans positioning it as an emerging player in the digital transformation space.
