META INFOTECH LIMITED

Provides cybersecurity solutions to enterprise customers in India, operating as a value-added reseller of cybersecurity software and a provider of related services. Sells subscriptions and licences from approximately 12 cybersecurity vendors — expanded from 2 during FY26 — covering cloud security, SASE, EDR, SIEM, identity and access management, AI security, OT security and post-quantum cryptography, and earns services revenue from implementation, managed security and sustenance work for those deployments. Customer base spans 87 enterprise clients across 15+ industries including BFSI, manufacturing, pharma and FMCG, with a single large private bank accounting for 50-55% of FY26 revenue. FY26 revenue was INR270 crore, up 23% year-on-year, against an order book of INR506 crore as of May 2026 (around 1.9x annual revenue) providing roughly three-year execution visibility. Services contributed 75% of FY26 EBIT, and the services revenue mix is targeted to rise from 13% to 25-30% over three years, while the low-margin product business (under 5% margin) is being de-emphasised. Employee cost was 9% of revenue in FY26, with 309 employees of which 90% hold core technical expertise, targeted to grow to 350-375 by March 2027.