Indian Software Potentially Undervalued Companies

Excelsoft Technologies

Market Cap: ₹8.9b

Provides software as a service (SaaS) products and services to the education and testing in India.

Excelsoft Technologies

Market Cap: ₹8.9b

Provides software as a service (SaaS) products and services to the education and testing in India.

Systango Technologies

Market Cap: ₹3.2b

Provides software solutions in India, the United Kingdom, and the United States.

Route Mobile

Market Cap: ₹34.0b

Provides cloud-communication platform solutions to enterprises, over-the-top service providers, and mobile network operators in India and internationally.

Clio Infotech

Market Cap: ₹144.8m

An information technology (IT) company, provides software solutions and IT services for the insurance, capital market, and asset and wealth management industries in India.

OnMobile Global

Market Cap: ₹6.7b

Provides telecom value added services in India, Europe, Africa, Latin America, the United States, and internationally.

Adroit Infotech

Market Cap: ₹541.2m

Operates as an SAP consulting company in India and internationally.

DiGiSPICE Technologies

Market Cap: ₹4.2b

Engages in the provision of tech-enabled local payments network services in India and internationally.

RNIT Al Solutions

Market Cap: ₹1.2b

A tech company, focuses on providing enterprise-level solutions in India and internationally.

GTL

Market Cap: ₹1.1b

Provides telecom network services.

DRC Systems India

Market Cap: ₹1.9b

A software development company, engages in the provision of information technology (IT) services, consulting, and business solutions in India, the United Arab Emirates, and internationally.

DiGiSPICE Technologies

Market Cap: ₹4.2b

Engages in the provision of tech-enabled local payments network services in India and internationally.

Route Mobile

Market Cap: ₹34.0b

Provides cloud-communication platform solutions to enterprises, over-the-top service providers, and mobile network operators in India and internationally.

CG-VAK Software and Exports

Market Cap: ₹810.8m

Through its subsidiaries, provides software services worldwide.

GTL

Market Cap: ₹1.1b

Provides telecom network services.

Naapbooks

Market Cap: ₹1.4b

Develops and provides information technology solutions to corporates in India.

Subex

Market Cap: ₹6.8b

Provides operations and business support systems to communication service providers (CSPs) worldwide.

SecureKloud Technologies

Market Cap: ₹601.1m

Provides information and technology services in India and the United States.

Adroit Infotech

Market Cap: ₹541.2m

Operates as an SAP consulting company in India and internationally.

Delaplex

Market Cap: ₹860.9m

Engages in the provision of software development and supply chain consultancy services in India and internationally.

Subex

Market Cap: ₹6.8b

Provides operations and business support systems to communication service providers (CSPs) worldwide.

OnMobile Global

Market Cap: ₹6.7b

Provides telecom value added services in India, Europe, Africa, Latin America, the United States, and internationally.

SecureKloud Technologies

Market Cap: ₹601.1m

Provides information and technology services in India and the United States.

DRC Systems India

Market Cap: ₹1.9b

A software development company, engages in the provision of information technology (IT) services, consulting, and business solutions in India, the United Arab Emirates, and internationally.

GTT Data Solutions

Market Cap: ₹2.1b

Engages in the provision of services to manufacturing, industrial products, and medical devices technology to develop and build products, processes, and infrastructure in India and internationally.

Birlasoft

Market Cap: ₹84.5b

Provides software development and global IT consulting services in India, the Americas, Europe, the United Kingdom, and internationally.

Tanla Platforms

Market Cap: ₹77.8b

Provides cloud communication platforms as a service solution to enterprises in India and internationally.

SGL Resources

Market Cap: ₹673.8m

Together with its subsidiary, Jyacad Solutions Private Limited, designs, develops, and sells integrated GIS and image processing software solutions in India.

IRIS RegTech Solutions

Market Cap: ₹5.1b

Provides regulatory technology solutions in India, the Middle East, the Asia Pacific, Africa, the United States, Europe, and the United Kingdom.

Sonata Software

Market Cap: ₹89.3b

Provides information technology services and solutions in the United States, the United Kingdom, Ireland, rest of Europe, Australia, New Zealand, the Middle East, and the Asia Pacific.

Nucleus Software Exports

Market Cap: ₹18.1b

Provides lending and transaction banking products to the financial services industry in India, the Far East, South East Asia, Europe, the Middle East, Africa, Australia, and internationally.

Sonata Software

Market Cap: ₹89.3b

Provides information technology services and solutions in the United States, the United Kingdom, Ireland, rest of Europe, Australia, New Zealand, the Middle East, and the Asia Pacific.

Mastek

Market Cap: ₹58.1b

Engages in the provision of enterprise technology solutions in India, the United Kingdom, Europe, North America, Middle East region, South-east Asia, India, Singapore, Australia, and internationally.

Tanla Platforms

Market Cap: ₹77.8b

Provides cloud communication platforms as a service solution to enterprises in India and internationally.

Zaggle Prepaid Ocean Services

Market Cap: ₹27.5b

Zaggle Prepaid Ocean Services Limited builds financial products and solutions to manage the business expenses of corporates, small and medium-sized enterprises, and startups through automated workflows.

BNR Udyog

Market Cap: ₹99.0m

Engages in the business support service, financial activities, medical transcription/information technology, and information technology enabled services businesses in India.