UNICOMMERCE ESOLUTIONS L

Provides software-as-a-service that runs e-commerce operations for brands selling online, through three platforms: Uniware for order, warehouse and inventory management, Shipway for shipping and logistics, and ConvertWay. The company describes itself as the "operating system for eCommerce operations" and the system of record for mission-critical workflows. In FY26 it onboarded 450+ enterprise clients — its highest ever — taking the total client base to 8,000+ across India, Southeast Asia and the Middle East, with peak throughput of 55 lakh units per day and 350+ platform integrations. Customers span footwear (Ajanta), menswear (The Bear House), solar manufacturing (Waaree Energies) and quick-commerce distribution (Swiggy Networks). The business is people-intensive — employee costs are 33.5% of revenue and other operating expenses 49.1%, while materials are nil and capex is just 0.3% of revenue, leaving an asset-light model. The international business turned profitable in FY26 and is growing faster than India, contributing roughly 6-7% of revenue. Uniware's stand-alone adjusted EBITDA margin expanded from 25% in FY25 to 37.5% in FY26, while group adjusted EBITDA margin for FY26 was 21.5%.