1. At a Glance
A low-key IT services player based in Madhya Pradesh, Atishay Ltd has somehow become the government’s favorite “tech sidekick.” From Ayushman cards to smart classrooms, they bag orders like it’s a grocery list. Revenue doubled in FY24–25. Market cap is just ₹148 Cr. Wait… what?
2. Introduction with Hook
If Infosys is the suit-wearing uncle at a tech conference, Atishay is the startup intern who builds the actual software overnight with Red Bull and jugaad.
- YoY Revenue Growth: 93% (FY24: ₹26 Cr → FY25: ₹51 Cr)
- Net Profit Growth: 26% CAGR (last 5 years)
- Current Market Cap: ₹148 Cr
And despite trading at just ₹134/share, the company is everywhere: Bihar, Rajasthan, Odisha, Himachal — supplying Micro ATMs, Ayushman cards, Smart Classrooms, and even ICT Labs like they run a government delivery startup.
3. Business Model (WTF Do They Even Do?)
Atishay Ltd is a tech implementation partner for Bharat Sarkar’s pet projects. They specialize in:
- Turnkey IT projects: Setup + Software + Support
- E-Governance: Digitizing banks, government ID cards, cloud hosting
- Retail Fintech: Micro ATM, Aadhaar services, etc.
- EdTech Infra: ICT Labs, Smart Classroom setups
- Partnered with ITI
