DUGLOBAL
DU Digital financials
- Market cap
- ₹156 Cr
- Sector
- Consumer Services
What DU Digital does
Dudigital Global operates as an official government-appointed facilitator handling the administrative, non-judgmental parts of the visa lifecycle -- receiving and verifying applications and documents, biometric data collection, fee collection and remittance, and secure transmission of data to consulates -- through Visa Application Centres and Indian Consular Application Centres run under direct contracts with embassies/ministries. It earns from these core visa-processing operations plus value-added convenience services (mobile biometrics, doorstep visa, premium lounge access), its DuVerify AI-based identity/document verification platform sold to governments, a DuVisas partner portal for travel agents, UAE company-formation/Golden Visa services, and international manpower recruitment and trade-testing services for blue-collar workforce mobility.
Segments
- Visa Application Centres / Passport & Consular Services
- DuVerify
- DuVisas
- Global Access (Manpower Recruitment & Trade Testing)
- Global Company Formation
- Public Services
- Countries of operation
- 6 (India, UAE, Thailand, South Korea, Bangladesh, Sri Lanka)
- Locations / centres
- 35+
- Visa applications processed (cumulative)
- 1.7 Mn+
- Employees
- 200+
- Indian city presence
- 8 (Mumbai, Kolkata, Silliguri, Bongaigaon, New Delhi, Chennai, Guwahati, Silchar)
- DuVerify eVisa applications processed
- 100k+
Quarterly results
Q4 FY26: revenue up 28.5%, net profit down 94.7% against the same quarter last year.
| Line item | Q2 FY23 | Q4 FY23 | Q2 FY24 | Q4 FY24 | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 22 | 15 | 11 | 19 | 26 +16% | 23 +49% | 31 +189% | 24 +28% |
| EBITDA | 2 | 0 | 1 | 2 | 5 +169% | 2 +576% | 8 +660% | -1 −131% |
| Net profit | 1 | -0 | 0 | 1 | 4 +307% | -1 −112% | 6 +11860% | 0 −95% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −46.0% 1Y
1Y: ₹44 on 10 Sept 2025 → ₹23.75. High ₹45.65 (23 Apr 2026), low ₹21.7 (10 Sept 2026).
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹0 Cr | ₹3 Cr | ₹3 Cr | ₹14 Cr | ₹14 Cr | ₹14 Cr |
| Reserves | ₹2 Cr | ₹5 Cr | ₹20 Cr | ₹64 Cr | ₹84 Cr | ₹89 Cr |
| Borrowings | ₹0 Cr | ₹4 Cr | ₹4 Cr | ₹11 Cr | ₹11 Cr | ₹9 Cr |
| Other liabilities | ₹2 Cr | ₹4 Cr | ₹4 Cr | ₹5 Cr | ₹9 Cr | ₹6 Cr |
| Total liabilities | ₹4 Cr | ₹15 Cr | ₹31 Cr | ₹94 Cr | ₹118 Cr | ₹119 Cr |
| Fixed assets | ₹0 Cr | ₹6 Cr | ₹7 Cr | ₹9 Cr | ₹11 Cr | ₹24 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹1 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹0 Cr | ₹1 Cr | ₹0 Cr | ₹24 Cr | ₹26 Cr | ₹21 Cr |
| Other assets | ₹3 Cr | ₹9 Cr | ₹24 Cr | ₹60 Cr | ₹81 Cr | ₹74 Cr |
| Total assets | ₹4 Cr | ₹15 Cr | ₹31 Cr | ₹94 Cr | ₹118 Cr | ₹119 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Mar 2026
Since Mar 2025, promoters trimmed −1.44 pp while FIIs added +1.43 pp. The shareholder count grew 5% to 670.
- Promoters
- 54.0%
- FIIs
- 11.8%
- Public
- 34.2%
Since Mar 2025
- Promoters −1.44 pp
- FIIs +1.43 pp
- DIIs 0.00 pp
How it drifted, 12 quarters
Over this window promoters fell from 73.5% to 54.0% — −19.4 pp.
Ownership split by quarter, oldest first. Sep '21: Promoters 73.5%, DIIs 9.7%, Public 16.9%.Mar '22: Promoters 73.5%, DIIs 16.5%, Public 10.1%.Sep '22: Promoters 65.9%, FIIs 16.3%, Public 17.8%.Mar '23: Promoters 65.9%, FIIs 16.1%, Public 18.0%.Jun '23: Promoters 65.9%, FIIs 16.1%, Public 18.0%.Sep '23: Promoters 65.9%, FIIs 16.0%, Public 18.1%.Oct '23: Promoters 55.5%, FIIs 14.4%, Public 30.0%.Mar '24: Promoters 55.5%, FIIs 14.2%, Public 30.3%.Sep '24: Promoters 55.5%, FIIs 10.7%, Public 33.8%.Mar '25: Promoters 55.5%, FIIs 10.3%, Public 34.2%.Sep '25: Promoters 53.9%, FIIs 10.2%, Public 36.0%.Mar '26: Promoters 54.0%, FIIs 11.8%, Public 34.2%.
Who bought this quarter
since Sep 2025
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Radiant Global Fund-Class B Participating Shares FPI fund newly disclosed 2.78% held
- Shivaz Rai +0.17 pp 17.04% held
The same filing shows 1 holder trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Mar 2026 filing
Every holder of DU Digital above SEBI's 1% disclosure line, and what changed since Sep 2025.
| Holder | Stake | Change |
|---|---|---|
| Rajinder Rai | 18.83% | unchanged |
| Shivaz Rai | 17.04% | +0.17 pp |
| Madhurima Rai | 16.37% | unchanged |
| Hansa Shah | 8.88% | unchanged |
| Ashish Kacholia | 8.53% | unchanged |
| Unico Global Opportunities Fund Limited FPI fund | 4.53% | unchanged |
| Ind Swiftlaboratories Limited | 3.50% | unchanged |
| Legends Global Opportunities (Singapore) Pte. Ltd. FPI fund | 3.22% | −1.21 pp |
| Radiant Global Fund-Class B Participating Shares FPI fund | 2.78% | newly disclosed |
| Dr. Ashok Kumar Joneja | 2.67% | unchanged |
| Bharat Siddheswar Rai | 0.78% | unchanged |
| Mandira Rai | 0.53% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse DU Digital
Guides on how to read this kind of business and the numbers that matter.