
Capgemini Technology Services India Limited Unlisted Shares
vs. prev. close ₹8,750
52W High
₹11,000
52W Low
₹8,750
Market cap
₹51,862 Cr
IPO stage
No DRHP filed
CIN
U85110PN1993PLC145950
Price History
52W High
₹11,000
52W Low
₹8,750
About Capgemini Technology Services India Limited Unlisted Shares
A large, India-based captive IT and BPO delivery arm of the global Capgemini Group, with consolidated revenue and profit both growing in the low-to-mid teens in FY26 and very strong per-share profitability, tempered by a structural pattern of upstreaming the bulk of annual profit to its parent rather than retaining it.
Short Version :
Capgemini Technology Services India Limited (formerly iGate Global Solutions Limited) is a Pune-headquartered IT and BPO services company, a captive delivery arm of the global Capgemini Group, with roughly 184,800 employees across major Indian cities and operations in Japan, the UK, the USA, and South Korea. On a consolidated basis, Total Income grew 13.4% to Rs34,029 crore in FY26 (FY25: Rs30,002.50 crore), and Profit After Tax grew 13.5% to Rs4,102.20 crore (FY25: Rs3,613 crore), with disclosed EPS of Rs692.11 Basic and Diluted (FY25: Rs609.57) on face value Rs10. Closing equity grew to Rs24,047.10 crore (FY25: Rs19,831.60 crore), working out to BVPS of roughly Rs4,057 (FY25: roughly Rs3,346) and ROE of 17.06% (FY25: 18.22%) on a closing-equity basis.
Why It Trades Where It Does :
As a captive, wholly Group-controlled delivery center for Capgemini SE (the French IT services multinational), this Company's value proposition rests heavily on its parentage: a globally recognised brand, a guaranteed pipeline of intercompany work, and a very large (nearly 185,000-strong), stable, India-based delivery workforce. Growth in FY26 was broad-based, revenue and profit both grew in the low-to-mid teens, with operating cash generation of Rs3,946.70 crore comfortably exceeding reported profit. A key structural feature for minority/public shareholders to weigh is that the Company paid an interim dividend of Rs456 per share (Rs2,702.80 crore in aggregate) during the year, with no further dividend recommended, meaning a very large share of annual profit is routinely upstreamed rather than retained for independent reinvestment by this entity.
Top Risk :
Heavy profit upstreaming to the parent group: the Rs2,702.80 crore interim dividend paid in FY26 represents roughly 66% of the year's consolidated PAT, a pattern typical of a captive subsidiary but one that limits the pool of retained capital available for this entity's own independent growth.
Governance/compliance observations flagged by the statutory auditor: certain employee expense records maintained electronically were not kept on servers physically located in India daily throughout the year, and the audit-trail (edit log) feature did not operate throughout the year on one of the Company's accounting systems, with a second system lacking the feature altogether — management has acknowledged these and initiated remediation, targeted for FY27.
Mid-year auditor transition: Price Waterhouse Chartered Accountants LLP resigned effective 21 July 2026 (before completing its appointed second five-year term), with Walker Chandiok & Co LLP appointed to fill the casual vacancy and subsequently proposed for a fresh five-year term, a change in a long-serving statutory auditor mid-cycle is worth noting even though no qualification was raised.
Concentration risk inherent to a captive delivery model: revenue is overwhelmingly dependent on intra-Group demand from Capgemini SE and its global client relationships, so the Company's growth is closely tied to decisions made at the parent level rather than its own independent client-acquisition strategy.
Employee stock compensation and share-based payment recharges from the ultimate parent (Rs2,418 million expense, with a Rs3,337 million cash payment toward share-based payment liability in FY26) add a layer of cross-border, Group-driven cost structure to monitor.
Top Opportunities :
Strong, consistent growth on a very large base: consolidated Total Income and PAT both grew in the 13-14% range in FY26, on top of an already substantial revenue base, with EPS of Rs692.11 reflecting strong per-share profitability.
Robust operating cash generation: net cash from operating activities of Rs3,946.70 crore in FY26, comfortably covering capital expenditure (Rs778.30 crore) and leaving room for the large dividend upstreamed to shareholders.
Scale and workforce depth: nearly 185,000 employees across a dozen-plus Indian delivery centers plus overseas branches, a scale advantage that is difficult for smaller IT services players to replicate.
Strong sustainability positioning: all Indian facilities operate on 100% renewable energy, avoiding over 70,000 tonnes of carbon emissions annually, supporting ESG-conscious client relationships.
Clean audit history and sound internal controls, with the incoming auditor (Walker Chandiok & Co LLP) a well-regarded firm, and no fraud reported by either the statutory or secretarial auditor during the year.
Disclaimer :
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Company Details
Industry
Information Technology
Founded
1993
Headquarters
Pune, Maharashtra, India
Min Lot Size
1
Face Value
₹10.00
Shares Outstanding
5,92,71,296
Regulatory Information
Corporate Identity Number (CIN)
U85110PN1993PLC145950
PAN Number
AABCM4573E
ISIN
INE177B01032
Key Valuation Ratios
Valuation
Market Cap
₹51,862.38 Cr
P/E Ratio
12.64×
P/S Ratio
1.59×
P/B Ratio
2.16×
EV / EBITDA
7.75×
Returns & Per Share
ROE
17.06%
EPS
₹692.11
Book Value / Share
₹4,057.12
Solvency
Debt / Equity
0.00×
Interest Coverage
61.01×
Company Fundamentals
As of FY2026 Annual · updated 29 Oct 2026Gross Profit
₹32,618.30 Cr
EBITDA
₹6,361.70 Cr
Revenue Growth
12.21%
Profit Margin
12.58%
Performance Trends
5 annual periods · derived from filed statements
Revenue
₹ Cr
Net Profit
₹ Cr · losses in red
Earnings Per Share
₹ per share
Return on Equity
ROE %
Return on Capital Employed
ROCE %
Debt-to-Equity
0.00×
EBITDA Margin
19.50%
Interest Coverage
61.01×
Financial Statements
| Line item | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|
| Total Income | |||||
| Revenue from operationsDisclosed | 22,628.8₹ Crore | 27,875.4₹ Crore | 27,786₹ Crore | 29,068.2₹ Crore | 32,618.3₹ Crore |
| Other incomeDisclosed | 436.2₹ Crore | 509.9₹ Crore | 963.7₹ Crore | 934.3₹ Crore | 1,410.7₹ Crore |
| Total IncomeDerived | 23,065₹ Crore | 28,385.3₹ Crore | 28,749.7₹ Crore | 30,002.5₹ Crore | 34,029₹ Crore |
| Expenses | |||||
| Cost of goods soldDisclosed | 0₹ Crore | 0₹ Crore | 0₹ Crore | 0₹ Crore | 0₹ Crore |
| Purchases of stock-in-tradeDisclosed | 0₹ Crore | 0₹ Crore | 0₹ Crore | 0₹ Crore | 0₹ Crore |
| Changes in inventoriesDisclosed | 0₹ Crore | 0₹ Crore | 0₹ Crore | 0₹ Crore | 0₹ Crore |
| Employee benefits expenseDisclosed | 16,349.2₹ Crore | 20,268.4₹ Crore | 20,449.7₹ Crore | 21,292.6₹ Crore | 24,318.8₹ Crore |
| Finance costsDisclosed | 75.9₹ Crore | 56.6₹ Crore | 63.2₹ Crore | 69.5₹ Crore | 89.8₹ Crore |
| Depreciation and amortization expenseDisclosed | 875.5₹ Crore | 983₹ Crore | 1,003.9₹ Crore | 934.6₹ Crore | 883.3₹ Crore |
| Manufacturing expensesDisclosed | 0₹ Crore | 0₹ Crore | 0₹ Crore | 0₹ Crore | 0₹ Crore |
| Operating expensesDisclosed | 0₹ Crore | 0₹ Crore | 0₹ Crore | 0₹ Crore | 0₹ Crore |
| Other expensesDisclosed | 2,584₹ Crore | 3,104₹ Crore | 2,941.9₹ Crore | 2,979.1₹ Crore | 3,348.5₹ Crore |
| Total ExpensesDerived | 19,884.6₹ Crore | 24,412₹ Crore | 24,458.7₹ Crore | 25,275.8₹ Crore | 28,640.4₹ Crore |
| Profit | |||||
| Exceptional itemsDisclosed | 0₹ Crore | 0₹ Crore | 0₹ Crore | 0₹ Crore | 0₹ Crore |
| Profit before taxDerived | 3,180.4₹ Crore | 3,973.3₹ Crore | 4,291₹ Crore | 4,726.7₹ Crore | 5,388.6₹ Crore |
| Current tax expenseDisclosed | 926.8₹ Crore | 924.4₹ Crore | 945.6₹ Crore | 1,174.8₹ Crore | 1,218.6₹ Crore |
| Deferred tax expenseDisclosed | -53.4₹ Crore | -125.9₹ Crore | 99.5₹ Crore | -61.1₹ Crore | 67.8₹ Crore |
| Tax expenseDisclosed | 873.4₹ Crore | 798.5₹ Crore | 1,045.1₹ Crore | 1,113.7₹ Crore | 1,286.4₹ Crore |
| Profit After TaxDerived | 2,307₹ Crore | 3,174.8₹ Crore | 3,245.9₹ Crore | 3,613₹ Crore | 4,102.2₹ Crore |
| Other comprehensive incomeDisclosed | 0₹ Crore | 0₹ Crore | 0₹ Crore | 0₹ Crore | 0₹ Crore |
| Total Comprehensive IncomeDerived | 2,307₹ Crore | 3,174.8₹ Crore | 3,245.9₹ Crore | 3,613₹ Crore | 4,102.2₹ Crore |
Postal Ballot Notice of Capgemini corporate action
Postal Ballot Notice of Capgemini corporate_action Company seeks approval of shareholders for loans and discounts, for employee participation in ESOP 2024.
Postal Ballot Notice of Capgemini corporate_action Company seeks approval of shareholders for loans and discounts, for employee participation in ESOP 2024.
Postal Ballot Notice of Capgemini corporate_action Company seeks approval of shareholders for loans and discounts, for employee participation in ESOP 2024.
Postal Ballot Notice of Capgemini corporate_action Company seeks approval of shareholders for loans and discounts, for employee participation in ESOP 2024.
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About Capgemini Technology Services India Limited Unlisted Shares unlisted shares
Indicative · updated dailyCapgemini Technology Services India Limited unlisted share price today
Capgemini Technology Services India Limited unlisted share price today is ₹8,750 as of 12 November 2026.
Capgemini Technology Services India Limited Unlisted Shares — frequently asked questions
- What is the grey market price for Capgemini Technology Services India Limited?
No IPO is currently announced for Capgemini Technology Services India Limited, so no grey market exists; the price above reflects Priveq's own desk valuation.
- Has Capgemini Technology Services India Limited filed for an IPO, and when might it list?
Capgemini Technology Services India Limited has not filed a draft red herring prospectus, so no IPO is currently announced and no listing date has been set.
- How does Capgemini Technology Services India Limited compare to its listed peers?
There is no closely comparable listed company for Capgemini Technology Services India Limited in India today.
- Is Capgemini Technology Services India Limited on the SME or Mainboard IPO track?
Capgemini Technology Services India Limited has not filed a draft red herring prospectus, so no IPO track is set yet.
- What is Capgemini Technology Services India Limited's CIN and registered office?
Capgemini Technology Services India Limited's Corporate Identity Number is U85110PN1993PLC145950, registered at Pune, Maharashtra, India.
- What is Capgemini Technology Services India Limited's market capitalisation?
Capgemini Technology Services India Limited's market capitalisation is approximately ₹51,862 crore, based on its current unlisted share price.
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Capgemini Technology Services India Limited has not filed a DRHP yet, so no listing date or lock-in period applies at this stage. Once an IPO is filed, this answer updates to reflect the applicable SME or Mainboard lock-in.
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If you sell unlisted shares, including Capgemini Technology Services India Limited, within 24 months of purchase, the gain is taxed as short-term capital gain at your applicable income tax slab rate. Beyond 24 months, it is taxed as long-term capital gain at 12.5 percent, without indexation benefit, under the rules effective from 23 July 2024. If Capgemini Technology Services India Limited lists and you sell after listing, the applicable tax treatment shifts to listed-security rates, with the holding period still measured from your original unlisted purchase date. This is general information, not tax advice; investors should confirm their specific position with a tax advisor.
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