Excelsoft Technologies IPO Upcoming
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About Excelsoft Technologies
Founded in 2000 by Dhananjaya Sudhanva, Excelsoft Infotech is an India-based vertical SaaS company specializing in e-learning, assessment, and education technology solutions for educational institutions, governments, and certification bodies globally. Headquartered in Mysore, Karnataka, the company develops proprietary learning and assessment platforms and delivers digital content services across a range of geographies, including the U.S., U.K., and Singapore. Excelsoft operates through a mix of product licences, SaaS offerings, and managed services, with development and administrative operations supported by its Indian and international subsidiaries.
Financials of Excelsoft Technologies
*All figures are in ₹ Crores.
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹700 crores |
| Fresh Issue | ₹210 crores |
| Offer for sale | ₹490 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Working capital requirements | 166.1 (55.37%) |
| General corporate purposes | (not above 25% of gross proceeds) |
Strengths
- Expertise in assessments, digital learning, and information systems.
- Strong global customer relationships built over the long term.
- Delivers compliant digital learning and assessment solutions globally.
- Flexible technology approach powered by agile methodologies
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Experienced leadership ensures high standards and governance
Risks
- Heavy reliance on Pearson for the majority of revenues.
- Global operations expose business to complex regulatory compliance risks.
- SaaS transition delays revenue recognition, impacting short-term cash flow.
- No long-term contracts reduce client retention predictability.
- Cybersecurity threats pose risks to sensitive education data systems.