Virtual Galaxy Infotech IPO

Virtual Galaxy Infotech positions itself as a comprehensive platform provider for the BFSI sector, delivering integrated software solutions. Its central offering, e-Banker, encompasses functionalities like asset liability management (ALM), anti-money laundering (AML), and fraud risk management systems (FRMS), amongst others. The company targets financial institutions by providing complete, end-to-end solutions that cover multiple payment channels and compliance systems to streamline operations and improve customer service.

Virtual Galaxy Infotech asserts its industry reach extends across BFSI, ERP, and e-governance, servicing varied clients. These include commercial and cooperative banks, NBFCs, and governmental organizations like the Maharashtra Labour Welfare Board and the Maharashtra State Agricultural Marketing Board (MSAMB).

Virtual Galaxy Infotech states its revenue comes from various sources: software licenses, subscriptions, implementation, technical support, and annual maintenance contracts (AMCs). This wide revenue base, the company argues, reduces dependency on one income stream, leading to a stable and robust financial position.

Virtual Galaxy Infotech asserts its robust, enduring client relationships facilitate cross-selling diverse products and services. This yields recurring revenue through AMCs, SaaS, and support. Additional non-recurring income stems from new licenses, feature additions, and implementation fees. For the year ending December 31, 2024, the company's existing customer revenue reached Rs 69.13 crore, with new customer acquisitions contributing Rs 32.12 crore.

This organization holds certifications in ISO 9001:2015 (QMS), ISO/IEC 27001:2013 (ISMS), ISO/IEC 20000-1:2018 (ITSM), and ISO/IEC 23001-7:2023 (IT DR & BC).

The company experienced strong growth in both revenue and profitability. Revenue from operations grew steadily from Rs 43.32 crore in FY22 to Rs 59.68 crore in FY23, and further to Rs 63.50 crore in FY24. Profit after tax (PAT) also showed significant improvement, rising from Rs 0.40 crore in FY22 to Rs 0.72 crore in FY23, then dramatically increasing to Rs 16.54 crore in FY24.