PRODOCS SOLUTIONS LIMITED

Provides IT-enabled services, with the filings stating over 90% of FY26 revenue came from US clients. Operations are run through the parent company and two US subsidiaries — Prodocs Solutions Inc. and Edata Solutions Inc. — both brought into the group in April 2025. Consolidated FY26 revenue stood at Rs 5,523.17 lakh, against standalone revenue of Rs 4,512.90 lakh, and the step-down US subsidiary Edata Solutions Inc. is reported to have turnover of about Rs 46.3 crore as of 31 December 2025. The company completed an IPO in December 2025, raising Rs 22.08 crore of fresh equity, of which Rs 14.30 crore (65%) was deployed by 31 March 2026 with Rs 7.78 crore remaining unutilized and parked in Axis Bank accounts and FDs. Like most IT-services peers, staff costs are the dominant input, accounting for 45.1% of FY26 revenue, and FY26 standalone operating cash flow was negative at Rs -150.07 lakh (consolidated Rs -1,121.23 lakh) because of higher trade receivables and loans and advances. The board has also approved further investments of up to USD 1.5 million each into Prodocs Solutions Inc. and Edata Solutions Inc., now pushed back to 31 March 2027 due to USD/INR volatility.