Indian Software Potentially Undervalued Companies

Excelsoft Technologies

Market Cap: ₹8.5b

A software as a service (SaaS) company, designs and develops technology-based solutions in the education and e-learning space.

Excelsoft Technologies

Market Cap: ₹8.5b

A software as a service (SaaS) company, designs and develops technology-based solutions in the education and e-learning space.

DiGiSPICE Technologies

Market Cap: ₹4.0b

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

Systango Technologies

Market Cap: ₹3.2b

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

Clio Infotech

Market Cap: ₹137.7m

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

Route Mobile

Market Cap: ₹31.8b

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

SGL Resources

Market Cap: ₹656.3m

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

DiGiSPICE Technologies

Market Cap: ₹4.0b

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

GTL

Market Cap: ₹1.2b

Provides telecom network services.

DRC Systems India

Market Cap: ₹1.8b

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.

CG-VAK Software and Exports

Market Cap: ₹749.7m

Through its subsidiaries, provides software services worldwide.

Route Mobile

Market Cap: ₹31.8b

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

Subex

Market Cap: ₹7.7b

Engages in the provision of operations and business support systems to communication service providers (CSPs) worldwide.

GTL

Market Cap: ₹1.2b

Provides telecom network services.

R Systems International

Market Cap: ₹28.7b

A digital product engineering company, designs and builds chip-to-cloud software products and platforms in Europe, the United States, and internationally.

R Systems International

Market Cap: ₹28.7b

A digital product engineering company, designs and builds chip-to-cloud software products and platforms in Europe, the United States, and internationally.

SecureKloud Technologies

Market Cap: ₹615.4m

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

Delaplex

Market Cap: ₹819.9m

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

Subex

Market Cap: ₹7.7b

Engages in the provision of operations and business support systems to communication service providers (CSPs) worldwide.

Telecanor Global

Market Cap: ₹315.4m

Provides technology for blockchain solutions, payment gateways, and related services in India.

DRC Systems India

Market Cap: ₹1.8b

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.

SecureKloud Technologies

Market Cap: ₹615.4m

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

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.

Yudiz Solutions

Market Cap: ₹266.2m

Provides information technology solutions and consulting services in India and internationally.

Birlasoft

Market Cap: ₹87.2b

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

IRIS RegTech Solutions

Market Cap: ₹5.0b

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

RNIT Al Solutions

Market Cap: ₹1.4b

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

Sonata Software

Market Cap: ₹90.2b

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.

Intense Technologies

Market Cap: ₹1.9b

Provides enterprise platform and IP-enabled service organization services in India.

Tanla Platforms

Market Cap: ₹77.2b

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

IRIS RegTech Solutions

Market Cap: ₹5.0b

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: ₹90.2b

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.

Tanla Platforms

Market Cap: ₹77.2b

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

Nucleus Software Exports

Market Cap: ₹18.6b

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.

Zaggle Prepaid Ocean Services

Market Cap: ₹27.0b

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: ₹108.9m

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