Meta Infotech Ltd (544441)
📢 Recent Corporate Announcements
Meta Infotech Limited has issued the notice for its 28th Annual General Meeting scheduled for September 25, 2026, alongside publishing its FY26 Annual Report. Segment disclosures within the report reveal total revenue from operations increased to ₹270.04 Cr in FY26 from ₹218.82 Cr in FY25. However, profit before tax decreased to ₹14.66 Cr in FY26 from ₹20.16 Cr in FY25. This is a standard annual compliance disclosure following its listing on BSE SME in July 2025.
- 28th AGM scheduled for Friday, September 25, 2026, at 11:30 a.m. IST via Video Conferencing.
- FY26 revenue from operations reached ₹270.04 Cr compared to ₹218.82 Cr in FY25.
- Product sales stood at ₹233.68 Cr while services contributed ₹36.36 Cr in FY26.
- Consolidated profit before tax for FY26 was ₹14.66 Cr versus ₹20.16 Cr in FY25.
Meta Infotech Limited has submitted its Annual Report for FY 2025-26 along with the notice convening its 28th Annual General Meeting on September 25, 2026. For FY26, total revenue from operations increased 23.4% YoY to ₹270.04 Cr compared to ₹218.82 Cr in FY25, driven by ₹233.68 Cr in product sales. However, Profit Before Tax (PBT) declined to ₹14.66 Cr in FY26 from ₹20.16 Cr in FY25 due to compressed segment profitability.
- 28th Annual General Meeting to be held via VC/OAVM on September 25, 2026 at 11:30 AM IST
- FY26 total segment revenue rose 23.4% YoY to ₹270.04 Cr (₹218.82 Cr in FY25)
- Product sales contributed ₹233.68 Cr while service sales contributed ₹36.36 Cr in FY26
- Profit Before Tax (PBT) decreased 27.3% YoY to ₹14.66 Cr in FY26 from ₹20.16 Cr in FY25
Meta Infotech Ltd has bagged a renewal order worth Rs. 4.08 crores (Rs. 4,08,24,000) from a domestic private sector bank. The contract covers sustenance services for the period from April 1, 2026 to March 31, 2027. The order is in the ordinary course of business and represents approximately 0.83% of the company's TTM revenue of Rs. 489 crores.
- Received contract renewal amounting to Rs. 4.08 crores (Rs. 4,08,24,000)
- Contract covers sustenance services from April 1, 2026 to March 31, 2027
- Client is a domestic private sector bank
- Order size represents ~0.83% of TTM revenue of Rs. 489 crores
Meta Infotech has appointed Mr. Manohar Duvvuri, a veteran with 40 years of experience at SAP and Deloitte, as an Independent Director for a 5-year term. The board also approved extending the deadline for utilizing unutilized IPO proceeds to March 31, 2027, subject to shareholder approval. Additionally, the company received in-principle approval for its ESOP Scheme 2026 from BSE. These administrative and leadership changes occur as the company manages a significant order book of 514 Cr.
- Appointment of Mr. Manohar Duvvuri as Independent Director for a 5-year term effective August 13, 2026.
- Extension of the timeline for utilizing unutilized IPO proceeds until March 31, 2027.
- Current order book of 514 Cr represents approximately 1.05x the TTM revenue of 489 Cr.
- Resignation of Independent Director Mr. Ashish Bakliwal effective August 13, 2026, due to professional commitments.
- In-principle approval received from BSE for the Meta Infotech Limited – ESOP Scheme 2026.
Meta Infotech has appointed Manohar Duvvuri, an industry veteran with over 40 years of experience at SAP and Deloitte, as an Independent Director for a 5-year term. This follows the resignation of Ashish Bakliwal due to professional commitments. Additionally, the board has extended the deadline for utilizing unutilized IPO proceeds to March 31, 2027, and received in-principle approval for a new ESOP Scheme 2026. These administrative changes occur as the company manages a substantial order book of ₹514 crore, representing approximately 105% of its TTM revenue.
- Manohar Duvvuri appointed as Independent Director for a 5-year term effective until August 12, 2031.
- Ashish Bakliwal resigned from the board and all four sub-committees effective August 13, 2026.
- Utilization timeline for unutilized IPO proceeds extended to March 31, 2027, subject to shareholder approval.
- In-principle approval received from BSE for the Meta Infotech Limited – ESOP Scheme 2026.
- Company maintains a high technical-to-total staff ratio with 280 technical professionals out of 310 employees.
Meta Infotech has appointed Mr. Manohar Duvvuri, an IT veteran with experience at SAP and Deloitte, as an Independent Director for a five-year term. The board also approved extending the timeline for utilizing unutilized IPO proceeds until March 31, 2027, indicating a delay in capital deployment. Additionally, the company received in-principle approval from BSE for its ESOP Scheme 2026. These administrative and leadership changes occur as the company manages a substantial order book of 514 Cr.
- Appointment of Mr. Manohar Duvvuri as Independent Director for a 5-year term ending August 2031
- Extension of the utilization timeline for unutilized IPO proceeds to March 31, 2027
- Current order book of 514 Cr represents approximately 2.35x FY25 revenue
- Resignation of Independent Director Mr. Ashish Bakliwal due to professional commitments
- In-principle approval received from BSE for the Meta Infotech Limited – ESOP Scheme 2026
Mr. Venu Gopal Peruri, the Promoter and Managing Director of Meta Infotech, acquired 20,000 equity shares through open market purchases on July 30 and July 31, 2026. This acquisition represents approximately 0.11% of the company's paid-up equity share capital. Although the transaction did not trigger the 2% mandatory disclosure threshold under SEBI (SAST) Regulations, the company submitted the disclosure voluntarily for transparency. This follows a consistent upward trend in promoter holding, which rose from 68.9% in September 2025 to 70.37% in June 2026.
- Acquisition of 20,000 equity shares by the Promoter and Managing Director
- Transaction represents approximately 0.11% of the total paid-up equity capital
- Purchases executed in two tranches: 15,200 shares on July 30 and 4,800 shares on July 31, 2026
- Promoter holding has increased from 68.9% in Sep 2025 to 70.37% in Jun 2026
- Company maintains a robust order book of Rs 514 Cr, representing 2.35x FY25 revenue
Meta Infotech was honored with two awards, "Best Technical Partner of the Year 2025" and "Best Deal of the Year," at the M-Reconnect 2026 conference held in Phuket from July 23-25, 2026. These awards from M. Tech Solutions (India) Private Limited validate the company's technical expertise and execution capabilities in the cybersecurity space. While reputational in nature, the recognition supports the company's strategy to leverage its 280 technical professionals for high-margin services. The company currently maintains a robust order book of Rs 514 Cr, representing approximately 1.05x its TTM revenue of Rs 489 Cr.
- Received 2 prestigious awards: 'Best Technical Partner of the Year 2025' and 'Best Deal of the Year'
- Awards presented at the M-Reconnect 2026 conference held between July 23 and July 25, 2026
- Company maintains a high technical-to-total employee ratio with 280 technical professionals out of 310 staff
- Current order book stands at Rs 514 Cr, providing revenue visibility against TTM revenue of Rs 489 Cr
Meta Infotech Ltd has scheduled a one-to-one meeting with YouFirst Capital on July 30, 2026, in Mumbai. The company will utilize its existing investor presentation from May 29, 2026, which covers the financial performance for the year ended March 31, 2026. This interaction comes as the company manages a TTM revenue of Rs 489 Cr and a substantial order book of Rs 514 Cr, representing 2.35x its FY25 revenue. No new material information is expected to be disclosed beyond what is already in the public domain.
- One-to-one meeting with YouFirst Capital scheduled for July 30, 2026, at 05:00 PM IST.
- The company will use the investor presentation previously uploaded on May 29, 2026.
- Current order book stands at Rs 514 Cr, providing high revenue visibility relative to FY25 revenue of Rs 219 Cr.
- Meta Infotech maintains a technical workforce of 280 professionals out of 310 total employees.
Meta Infotech is expanding its service offerings by introducing Identity and Access Management (IAM) solutions starting July 22, 2026. This vertical will be led by Mr. Vikas Pandey, a specialist with 16 years of experience in the cybersecurity domain. The move aligns with the company's goal to provide comprehensive cybersecurity solutions and leverage its existing Rs 514 Cr order book (approx. 1.05x TTM revenue). While no immediate financial outlay was mentioned, the expansion supports the company's long-term strategy of 50% annual growth.
- New IAM service vertical to be operational from July 22, 2026
- Appointment of Mr. Vikas Pandey with 16+ years of experience to lead the division
- Expansion targets the growing demand for cloud-based identity governance and access controls
- Leverages existing technical workforce of 280 professionals to deliver comprehensive solutions
- Supports the company's stated goal of achieving 4-5x growth in 3-5 years
Meta Infotech Limited has been honored with the "Outstanding Achievement Award for Excellence in Secure Digital Transformation Solutions" by the All India Achievers Foundation. The award was presented on July 11, 2026, during the 96th National Seminar held in New Delhi. This recognition highlights the company's capabilities in cybersecurity domains such as cloud security, identity management, and data protection. While the award enhances brand reputation, the filing does not disclose any direct financial impact or new contract values.
- Honoured with the 'Outstanding Achievement Award for Excellence in Secure Digital Transformation Solutions'
- Award presented at the 96th National Seminar on July 11, 2026
- Recognition provided by the All India Achievers Foundation in New Delhi
- Company provides end-to-end cybersecurity solutions including cloud and network security
Meta Infotech has secured four domestic orders totaling ₹7.58 crore for software and license subscriptions. The contracts include a significant fresh order worth ₹2.13 crore from a large private sector bank, which involves both licensing and implementation. The remaining ₹5.45 crore comes from renewals with FMCG and financial services clients. All orders have a one-year tenure and are expected to be executed within 15 days.
- Aggregate order value of ₹7.58 crore across four domestic contracts
- Fresh order worth ₹2.13 crore from a major private sector bank for license and implementation
- Largest renewal order valued at ₹3.24 crore from a financial services sector company
- All contracts have a defined execution timeline of 15 days
- Subscription periods for the orders generally span one year, ending in mid-2027
Meta Infotech Ltd has scheduled a physical group meeting for analysts and institutional investors on July 13, 2026. The event includes a visit to the company's Training Centre in Thane between 03:00 P.M. and 04:00 P.M. IST. The company clarified that the discussion will be based on the existing investor presentation for the period ended March 31, 2026, which was previously uploaded on May 29, 2026. This is a standard procedural disclosure under Regulation 30 of SEBI LODR.
- Physical group meeting and Training Centre visit scheduled for July 13, 2026
- Meeting duration set for 1 hour from 03:00 P.M. to 04:00 P.M. IST
- Discussion to be based on the investor presentation released on May 29, 2026
- Location of the visit is specified as Thane, Maharashtra
Financial Performance
Revenue Growth by Segment
The company achieved a 2-year revenue CAGR of 42%, reaching INR 218.8 Cr in FY25. H1 FY26 revenue stood at INR 210 Cr, nearly matching the full previous year's performance. Growth is driven by a niche focus on the 30% of the cybersecurity market involving high-end solutions rather than commodity products like firewalls.
Geographic Revenue Split
Currently, revenue is predominantly domestic (India) with 87 active domestic clients in FY25. The company plans to launch international operations in the next financial year, targeting service-based revenue which offers 3x higher margins compared to domestic product-linked services.
Profitability Margins
FY25 Net Profit Margin was 6.5% (INR 14.3 Cr PAT on INR 218.8 Cr revenue). H1 FY26 PAT margin dipped to 4.9% (INR 10.4 Cr) due to a transition phase following the Imperva-Thales buyout, which resulted in a loss of approximately INR 7 Cr in billing.
EBITDA Margin
FY25 EBITDA margin was 11.2% (INR 24.6 Cr). The company maintains a baseline guidance of 9% to 11% for EBITDA margins. H1 FY26 EBITDA margin was 7.5% (INR 15.8 Cr) as the company invested in scaling operations and building future capabilities post-listing.
Capital Expenditure
Not disclosed in absolute INR Cr, but the company is investing in new offices in Pune, Hyderabad, Bangalore, Chennai, and Delhi, alongside a new Experience Centre in Mumbai to showcase interactive cybersecurity solutions.
Credit Rating & Borrowing
Not disclosed in available documents; however, the company successfully listed on the BSE-SME in FY26 to fund growth.
Operational Drivers
Raw Materials
The primary 'raw materials' are licensed cybersecurity products from global OEMs (e.g., Zscaler, Imperva) and technical talent. Technical personnel costs represent a significant portion of the cost structure given the 280-strong technical workforce.
Import Sources
Global cybersecurity products are sourced primarily from international OEMs, exposing the company to currency fluctuation risks.
Key Suppliers
Key strategic partners and suppliers include Zscaler (Meta is a top 5 partner) and Imperva (Thales).
Capacity Expansion
Current capacity is driven by a workforce of 310 employees. The company operates an in-house training platform where freshers pay for training, creating a self-sustaining pipeline of billable cybersecurity specialists to mitigate market talent shortages.
Raw Material Costs
Not disclosed as a specific % of revenue, but procurement costs are sensitive to USD/INR fluctuations as most high-end cybersecurity software is priced in foreign currency.
Manufacturing Efficiency
Efficiency is measured by billable resources; 280 out of 310 employees (90%) are technical professionals, which the company claims is the highest ratio among Indian partners.
Strategic Growth
Expected Growth Rate
50%
Growth Strategy
The company aims to achieve 4-5x growth in 3-5 years by expanding into international markets (services only), opening new regional offices in India (Delhi, Pune, etc.), and leveraging a robust order book of INR 514 Cr (2.35x FY25 revenue).
Products & Services
Secure Access Service Edge (SASE), Database Security, Endpoint Detection & Response (EDR/XDR), Cloud Security, Identity Security, API Security, and Managed Security Services.
Brand Portfolio
Meta Infotech.
New Products/Services
Expansion into AI-driven threat detection and automation services, expected to contribute to the targeted 3x margin improvement in the international services segment.
Market Expansion
Targeting Tier II/III Indian markets and establishing an international presence starting FY27.
Market Share & Ranking
Claims to be one of India's leading one-stop cybersecurity solution providers with the highest number of technical cybersecurity professionals (280) among partners.
Strategic Alliances
Strategic alliances with global cybersecurity OEMs like Zscaler and Imperva.
External Factors
Industry Trends
The Cyber Risk Quantification (CRQ) market is expected to grow from $2.5B in 2023 to $11.2B by 2030. The industry is shifting toward 'Zero Trust' architecture and AI-driven security, which Meta Infotech is positioning for through its technical upskilling.
Competitive Landscape
Competes with large IT players like TCS, Wipro, and LTI (who are also sometimes customers) and smaller specialized cybersecurity firms.
Competitive Moat
The moat consists of deep domain expertise (15+ years), a large technical workforce (280 professionals), and an in-house talent pipeline. These are sustainable because they create high switching costs for clients and high entry barriers for competitors lacking specialized talent.
Macro Economic Sensitivity
Highly sensitive to enterprise IT spending and GDP growth (projected at 6.3%-6.8% for FY26). Digital India initiatives and regulatory pushes for data protection act as tailwinds.
Consumer Behavior
Enterprises are shifting from viewing cybersecurity as a support function to a foundational survival requirement, increasing the demand for managed security services.
Geopolitical Risks
Geopolitical uncertainties and global regulatory shifts (like GDPR) impact compliance costs and the speed of technology adoption.
Regulatory & Governance
Industry Regulations
Compliance with the Digital Personal Data Protection Act (India) and global standards like GDPR is mandatory for their clients, driving demand for Meta's compliance-linked security solutions.
Legal Contingencies
The company reported compliance with the Code of Conduct and Section 197 of the Companies Act; no specific pending court cases or values were disclosed in the provided documents.
Risk Analysis
Key Uncertainties
The primary uncertainty is the high cost and complexity of retaining skilled cybersecurity professionals, which could impact margins by increasing the wage bill.
Geographic Concentration Risk
Currently 100% focused on the Indian market, though diversifying into international regions in FY27.
Third Party Dependencies
High dependency on global OEMs for product licenses; any change in OEM partnership status could impact the ability to deliver specific solutions.
Technology Obsolescence Risk
High risk due to rapid technological disruption; requires continuous investment in upskilling to avoid service obsolescence.
Credit & Counterparty Risk
Receivables (INR 199 Cr in H1 FY26) represent a significant portion of the balance sheet, indicating potential credit exposure if client payments are delayed.
