Kellton Tech Solutions Ltd

Kellton Tech Solutions has been assigned the rating ICRA A-; Stable / ICRA A2+ for bank facilities of Rs 250 crore. Powered by Capital Market - Live

The agency has also assigned '[ICRA] A2+' rating to the short-term facilities of the company. ICRA stated that the assigned ratings factor in Kellton Tech Solutions Limited's (KTSL) long track record in the information technology (IT) services industry and experienced promoters, which has enabled it to build a diversified client base across a wide range of industries. It derives around 30-31% of its revenue from the IT services segment, followed by professional services and healthcare, which contributed 15-16% and 11-12% of revenue, respectively, in 9M FY2026. Its customer concentration remains healthy, with the top five clients accounting for 16-17% of revenue in 9M FY2026. KTSL's customer base includes marquee names such as Oil India, Life Insurance Corporation, entities of the TATA Group, and the Mahindra Group, among others. The company has been adding new customers, while repeat business from existing clients has accounted for 83-86% of revenue over the past two years. Aided by strong demand in the company's key segments such as digital transformation programmes, AI-led intelligent automation, cloud-native engineering, and enterprise-solution implementations, its revenue grew at a healthy CAGR of 12.2% in the four years ended FY2025. It is expected to record healthy double-digit revenue growth in the next two years on the back of a scale-up in revenue from recent acquisitions and sustained demand for AI-centric projects. Operating margins remained range-bound at 10-12% over the past three years but are expected to improve with an increase in scale going forward. The ratings also draw comfort from the company's comfortable capital structure and coverage metrics, which are likely to improve further with growth in earnings. The ratings, however, are constrained by the working capital-intensive nature of the company's operations, owing to elongated receivable cycles. The company has sizeable unbilled revenue because of delays in receiving approvals from clients in both manpower-based billing and milestone-based billing contracts. Moreover, it extends a credit period of up to 90-120 days, which is on the higher side for IT services clients. As a mid-sized IT services player, Kellton has limited bargaining power compared to larger peers, which constrains its ability to shorten receivable days. The ratings also consider the high geographic concentration risk, as the US accounts for over 80% of the company's revenue, exposing it to demand and regulatory risks in that geography. Further, the company operates in a highly competitive global IT services environment characterised by pricing pressure, rapid technological changes, and competition from large IT players as well as niche digital firms. This intensifies margin pressures and necessitates continuous investments in talent and digital capabilities. Kellton Tech Solutions offers digital transformation services, enterprise solutions, and consultancy services to customers across India, the USA, Europe, and APAC. The scrip tumbled 4.99% to currently trade at Rs 13.51 on the BSE. Powered by Capital Market - Live

The platform is designed to integrate artificial intelligence across the booking value chain, including supplier onboarding, pricing intelligence, booking management, servicing workflows and post-sales engagement. The initiative seeks to address operational inefficiencies faced by travel distributors and agents. According to the company, many B2B travel operators currently deal with fragmented supplier networks, multiple booking interfaces and time-consuming servicing processes. Zourney aims to address these challenges by providing a unified operating layer that enables real-time personalisation, improved pricing decisions and streamlined booking management. The platform is expected to significantly reduce the time required for travel bookings. The company said the system can compress the typical booking workflow, which often takes one to two days, into a process that can be completed in a few minutes through a single integrated interface. The partnership reflects a broader shift in the travel technology industry towards AI-driven platforms designed to improve operational efficiency and decision-making for travel businesses. Kellton Tech Solutions is an AI-led digital transformation and technology consulting company with global delivery capabilities. The company provides services in cloud, data, artificial intelligence, enterprise platforms and digital product engineering, with operations across North America, Europe, the Middle East and Asia. On a consolidated basis, Kellton Tech Solutions' net profit rose 21.46% to Rs 25.41 crore while net sales rose 10.41% to Rs 307.89 crore in Q3 December 2025 over Q3 December 2024. Powered by Capital Market - Live

Kellton Tech Solutions has partnered with FutureAge AI Labs to build Zourney, an AI-first B2B travel platform for travel businesses. Envisioned as an AI-native digital backbone for the travel trade, the platform embeds intelligence across the value chain'from supplier onboarding and pricing intelligence to booking management, servicing workflows, and post-sales engagement'to make underlying processes more intuitive, predictive, and efficient. India's travel sector is accelerating into its next phase of digital growth, and while customer facing travel platforms have advanced rapidly over the past decade, B2B travel platforms have trailed in comparison. Distribution partners deal with several challenges that include fragmented supplier integrations, time-intensive servicing workflows, limited personalization capabilities and margin compression driven by operational inefficiencies. Kellton developed Zourney, a native AI B2B travel platform to bridge the structural gap with a unified operating layer, instead of layering automation on top of legacy stacks, to enable smarter pricing decisions, real-time personalization, streamlined servicing, and more informed decision-making for travel partners. The result is expanded inventory access with a more intelligent decision-making process for travel partners. Powered by Capital Market - Live

Net profit of Kellton Tech Solutions rose 21.46% to Rs 25.41 crore in the quarter ended December 2025 as against Rs 20.92 crore during the previous quarter ended December 2024. Sales rose 10.41% to Rs 307.89 crore in the quarter ended December 2025 as against Rs 278.87 crore during the previous quarter ended December 2024. ParticularsQuarter EndedDec. 2025Dec. 2024% Var. Sales307.89278.87 10 OPM %12.6112.18 - PBDT34.1529.53 16 PBT30.3225.08 21 NP25.4120.92 21 Powered by Capital Market - Live

Kellton Tech Solutions will hold a meeting of the Board of Directors of the Company on 12 February 2026.Powered by Capital Market - Live

Kumori Technologies is a ServiceNow focused IT services firm established in 2018, delivering consulting, implementation, optimization, and managed services across ITSM, ITOM, HR, security operations, and workflow automation, with complementary capabilities in cloud, DevOps, and integrations. The company operates from Bangalore with presence in Jaipur, has executed complex European implementations, and is listed in the ServiceNow partner ecosystem with a strong customer satisfaction profile and case references. It had recorded a turnover of Rs 18.56 crore in the year ended on 31 March 2025. Kellton Tech stated that this move is part of its broader strategy to deepen the company's expertise in high-demand digital platforms while expanding its ability to support Fortune 500 enterprises and high-growth digital-first businesses across markets. The total cost of this acquisition is Rs 52.50 crore. The company would make an upfront initial payment of Rs 26.50 crore, and this strategic investment shall be completed on or before Q3 of the financial year 2025'26. The company shall subsequently pay the earn-out consideration of Rs 26 crore based on the performance of Kumori Technologies during the three financial years following the initial acquisition, in accordance with the mutually agreed performance metrics. Post this acquisition, Kumori Technologies would become a wholly owned subsidiary (WOS) of Kellton Tech. Niranjan Chintam, chairman, Kellton, said: 'The acquisition of Kumori Technologies significantly expands our ServiceNow capabilities and deepens our ability to deliver connected, data-driven operations. This step advances our digital and AI vision and positions us to drive faster time-to-value and sustained operational excellence for our clients.' Karanjit Singh, CEO, Kellton, said: 'The combined strengths of Kellton and Kumori will help enterprises move from fragmented tools to unified digital architectures powered by AI and automation. Together, we are enabling the next phase of digital transformation, one that prioritizes resilience, scalability, and sustained business growth.' Kellton Tech Solutions is an AI-led digital transformation and technology consulting company with global delivery capabilities. The company partners with enterprises to build scalable digital platforms, modernize operations, and accelerate intelligent automation journeys. The company's consolidated net profit rose 22.48% to Rs 24.08 crore on a 10.71% increase in revenue to Rs 299.69 crore in Q2 FY26 as compared with Q2 FY25. Powered by Capital Market - Live

The board of Kellton Tech Solutions at its meeting held on 27 November 2025 has approved the acquisition of Kumori Technologies Services (Kumori) by way of subscription to its equity shares, for an aggregate consideration of up to Rs 52.50 crore in one or more tranches. Upon completion of the investment, the Company will hold 100% of the paid-up share capital of Kumori, and consequently, Kumori will become a wholly owned subsidiary of the company. This strengthens the company's platform-led digital transformation capabilities by acquiring a Service Now focused partner to accelerate high-margin consulting, implementation, and managed services, expand geographic reach, and deepen enterprise accounts through workflow automation and AI-driven integrations. Powered by Capital Market - Live

Net profit of Kellton Tech Solutions rose 22.48% to Rs 24.08 crore in the quarter ended September 2025 as against Rs 19.66 crore during the previous quarter ended September 2024. Sales rose 10.71% to Rs 299.69 crore in the quarter ended September 2025 as against Rs 270.69 crore during the previous quarter ended September 2024. ParticularsQuarter EndedSep. 2025Sep. 2024% Var. Sales299.69270.69 11 OPM %12.2012.00 - PBDT32.7627.67 18 PBT29.0523.52 24 NP24.0819.66 22 Powered by Capital Market - Live

Kellton Tech Solutions will hold a meeting of the Board of Directors of the Company on 12 November 2025.Powered by Capital Market - Live