INTRASOFT TECH. LTD

Operates an internet-based retail business through its 123Stores subsidiary, selling 150,000+ products across home, garden, and tools categories on the Amazon US marketplace through brand partnerships with around 102 brand partners. It also runs 123Greetings.com, a social-expression website that draws 95 million annual visitors. The business runs on a Vendor Direct Model, with goods shipped directly from brand warehouses rather than held in the company's own inventory, a shift completed between FY22 and FY26. In FY26, consolidated revenue stood at ₹534.22 crore and net profit at ₹13.28 crore, with finance costs falling from ₹256 lakhs to ₹115 lakhs on the back of reduced working-capital and debt. Management has stated a target of expanding the catalogue from 150,000 to 500,000 SKUs and brand partners from about 102 to 150+, with continued spend on technology and AI. Other operating expenses account for 95.7% of revenue, while employee cost is 1.2% and depreciation 0.1%, reflecting the capital-light, outsourced-fulfilment model.