Saksoft Ltd: 931 Cr Revenue, 57% 5-Year Price CAGR & a Merger Brewing

1. At a Glance

Saksoft is not your regular Indian IT mid-cap. They don’t do boring “body shopping” at scale — instead, they bill themselves as “digital transformation partners” for mid-tier clients in the US, UK, and beyond. With ₹931 Cr TTM revenue, 17% OPM, and 24% ROCE, they’ve been quietly compounding profits at 23% CAGR over 5 years. Stock’s up 57% CAGR in the same period (minus a recent -7% slip in the past year). And just to spice it up, they’re merging their wholly-owned Augmento Labs into the main entity to consolidate capability.

2. Introduction

Founded in 1999 by Autar Krishna and now steered by his son Aditya Krishna, Saksoft plays the “niche IT services” game — not fighting Infosys in Fortune 500 RFPs, but going after specialised mid-tier accounts where agility and customisation matter more than 100,000-headcount armies.

Their offerings cover application development, testing, BI & analytics, cloud, IoT, and mobility solutions. Clients are mainly in developed markets, which means better billing rates — but also heavier dependency on global IT spending cycles.

Over the past decade, Saksoft has morphed from a ₹224 Cr revenue minnow to a ₹931 Cr player with consistent double-digit margins and a very healthy return profile. For a mid-cap IT firm, their balance sheet and growth combo is chef’s kiss.

3. Business Model (WTF Do They Even Do?)

Think of Saksoft as a tech boutique:

1. Core Services – App