KANDARP
Kandarp Digi Smart BPO financials
- Market cap
- ₹65 Cr
- Sector
- Services
What Kandarp Digi Smart BPO Limited does
Kandarp Digi Smart BPO Limited provides support services such as verification and background checking for loan borrowers, insurance policyholders and similar clients, serving BFSI and corporate clients in a B2B model at around 400 locations across India. The company has deployed a total manpower of approximately 1,000 to 1,500 people to carry out these services. It has also started developing a comprehensive verification/background-checking software aimed at banks, NBFCs, insurance companies, other corporates, small offices and shops, and households, as it looks to expand from B2B into B2C.
Segments
- Verification / background-checking services
- Service locations
- ~400 locations (PAN India)
- Deployed manpower
- approx. 1,000-1,500
Quarterly results
Q4 FY26: revenue up 70.1%, net profit up 61.4% 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 | 7 | 9 | 7 | 10 | 9 +23% | 16 +72% | 23 +238% | 16 +70% |
| EBITDA | 1 | 2 | 1 | 2 | 1 +94% | 3 +66% | 2 +99% | 2 +6% |
| Net profit | 0 | 1 | 0 | 1 | 0 +8% | 1 +74% | 1 +132% | 1 +61% |
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 −34.4% 1Y
1Y: ₹111.05 on 10 Sept 2025 → ₹72.85. High ₹161.95 (20 Feb 2026), low ₹71.9 (10 Sept 2026).
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹1 Cr | ₹6 Cr | ₹9 Cr | ₹9 Cr | ₹9 Cr | ₹9 Cr |
| Reserves | ₹6 Cr | ₹2 Cr | ₹8 Cr | ₹9 Cr | ₹11 Cr | ₹21 Cr |
| Borrowings | ₹3 Cr | ₹2 Cr | ₹3 Cr | ₹5 Cr | ₹4 Cr | ₹4 Cr |
| Other liabilities | ₹7 Cr | ₹9 Cr | ₹7 Cr | ₹3 Cr | ₹7 Cr | ₹10 Cr |
| Total liabilities | ₹17 Cr | ₹19 Cr | ₹26 Cr | ₹26 Cr | ₹31 Cr | ₹43 Cr |
| Fixed assets | ₹0 Cr | ₹1 Cr | ₹4 Cr | ₹4 Cr | ₹4 Cr | ₹5 Cr |
| Capital work in progress | ₹7 Cr | ₹7 Cr | ₹8 Cr | ₹8 Cr | ₹6 Cr | ₹5 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹10 Cr | ₹10 Cr | ₹14 Cr | ₹14 Cr | ₹22 Cr | ₹33 Cr |
| Total assets | ₹17 Cr | ₹19 Cr | ₹26 Cr | ₹26 Cr | ₹31 Cr | ₹43 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 Jun 2026
The ownership split has held steady since Jun 2025. The shareholder count grew 95% to 413.
- Promoters
- 58.8%
- Public
- 41.2%
Since Jun 2025
- Promoters 0.00 pp
- Public 0.00 pp
How it drifted, 12 quarters
Over this window promoters fell from 69.9% to 58.8% — −11.1 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 69.9%, Public 30.1%.Dec '23: Promoters 69.9%, Public 30.1%.Mar '24: Promoters 69.9%, Public 30.1%.Jun '24: Promoters 69.9%, Public 30.1%.Sep '24: Promoters 69.9%, Public 30.1%.Dec '24: Promoters 67.7%, Public 32.3%.Mar '25: Promoters 58.8%, Public 41.2%.Jun '25: Promoters 58.8%, Public 41.2%.Sep '25: Promoters 58.8%, Public 41.2%.Dec '25: Promoters 58.8%, Public 41.2%.Mar '26: Promoters 58.8%, Public 41.2%.Jun '26: Promoters 58.8%, Public 41.2%.
Who is on the register
Named in the Jun 2026 filing
Every holder of Kandarp Digi Smart BPO Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Reliable Data Services Limited - 2 | 51.74% | unchanged |
| Meenakshi Pathak | 5.58% | unchanged |
| Om Parkash | 2.79% | unchanged |
| Airan Limited | 2.23% | unchanged |
| Sunil Kumar Rai | 1.40% | unchanged |
| Mamta Garg | 1.40% | unchanged |
| Atul Garg | 1.07% | unchanged |
| Sandeep Kumar Jha | 0.01% | unchanged |
| Rakesh Jha | 0.01% | unchanged |
| Anil Kumar Jha | 0.01% | unchanged |
| Sanjay Kumar Pathak | 0.01% | unchanged |
| Altizen Ventures | — | off the list |
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.
What the price assumes
- Growth the price implies
- 11.5% a year
- for 7 years, fading to 4%
- It has actually compounded at
- Not enough history
- The gap
- —
- between what it did and what it must do
Learn to analyse Kandarp Digi Smart BPO Limited
Guides on how to read this kind of business and the numbers that matter.