Cigniti Technologies Ltd

Cigniti Technologies Ltd

Next 500 2024
+ 5 More
+ 5 More
OVERVIEW
FINANCIALS

About

Cigniti Technologies, established in 1998, is a global leader in AI and IP-led Digital Assurance and Digital Engineering services. Headquartered in Hyderabad, India, it assists enterprises worldwide in accelerating their digital transformation journeys. The company specializes in quality engineering, software testing, and digital assurance services, serving industries such as BFSI, healthcare, and retail. Cigniti's commitment to innovation is evident through its proprietary platforms like BlueSwan and iNSta. In 2023, Cigniti expanded its digital engineering capabilities by acquiring Aparaa Digital (RoundSqr), reinforcing its position in the digital assurance domain.

Incorporation Year: 1998
Headquarters: Hyderabad, India
Top Management: C V Subramanyam (Non-Executive Chairman)
Industry: Information Technology
Website: cigniti.com

Featured In Fortune India Ranking

Next 500 India
#343(2024)#307(2023)#307(2022)#300(2021)#385(2020)#418(2019)
#343(2024)#307(2023)#307(2022)#300(2021)#385(2020)#418(2019)
Ranking Trend Fortune Next 500 India

Financial Data 2024

Revenue
1,848
(INR Cr)
Net Operating Income
1,815
(INR Cr)
Assets
819
(INR Cr)
Profit
166
(INR Cr)
Net Worth
738
(INR Cr)

Financial Data

RevenueNet Operating IncomeProfitAssetsNet Worth
PARAMETERS2024202320222021202020192018201720162015201420132012201120102009
Revenue
(INR Cr)
1848
11.2%
1662
32.4%
1255
37.9%
910
1.8%
894
6.0%
843
21.5%
694
12.0%
620
3.6%
598
57.3%
380
46.3%
260
72.3%
151
346.0%
34
345.9%
8
50.0%
5
-0.2%
5
-
Net Operating Income
(INR Cr)
1815
10.16%
1648
32.68%
1242
38.51%
897
2.82%
872
6.85%
816
17.71%
693
11.95%
619
4.11%
595
57.00%
379
46.23%
259
71.73%
151
346.92%
34
0.00%
8
49.60%
5
-0.20%
5
-29.09%
Profit
(INR Cr)
166
-1.6%
168
83.5%
92
-12.9%
105
-13.4%
122
-17.5%
147
358.1%
32
-
-395
-
50
96.0%
25
-0.7%
26
410.8%
5
323.7%
1
521.1%
0
216.7%
0
-14.3%
0
-
Assets
(INR Cr)
819
22.8%
667
19.7%
558
29.6%
430
8.2%
398
71.5%
232
60.2%
145
33.7%
108
-77.8%
487
55.2%
314
125.7%
139
83.4%
76
39.9%
54
251.9%
15
12.4%
14
6.0%
13
-
Net Worth
(INR Cr)
738
25.2%
589
28.2%
460
23.5%
372
39.3%
267
77.3%
151
2091.0%
7
116.9%
-41
-111.4%
360
33.7%
269
139.4%
112
101.3%
56
46.7%
38
0.0%
13
11.8%
12
0.6%
12
6.1%
Employee Cost
(INR Cr)
1124
16.6%
964
30.5%
739
41.7%
522
0.5%
519
9.2%
475
1.1%
470
4.2%
451
15.6%
390
45.8%
268
57.3%
170
156.4%
66
164.7%
25
522.3%
4
81.5%
2
4.2%
2
-
Interest Cost
(INR Cr)
4456815171663100000
Cash & Bank Balance
(INR Cr)
16010711512887621816434621110
Total Debt
(INR Cr)
575680461217413114412743262013221

Key Financial Ratios

Profit As % Of RevenuesRONW %Interest Cost to EBITDA %ROCE %Debt to Equity Ratio
PARAMETERS2024202320222021202020192018201720162015201420132012201120102009
Profit As % Of Revenues 9.0%10.1%7.3%11.6%13.6%17.5%4.6%-8.3%6.7%9.8%3.3%3.5%2.5%1.2%1.4%
Profit As % Of Assets 20.2%25.2%16.5%24.5%30.6%63.5%22.2%-10.2%8.1%18.4%6.6%2.2%1.2%0.4%0.5%
Profit As % Of Networth 22.4%28.6%20.0%28.3%45.5%97.8%467.6%-13.8%9.4%22.7%9.0%3.1%1.5%0.5%0.6%
Interest Cost to EBITDA % 1.9%1.9%3.9%3.8%6.2%11.0%32.6%-6.2%7.8%3.4%3.5%11.0%15.2%13.1%13.1%
Debt to Equity Ratio 0.080.090.170.120.450.4919.10-0.350.160.230.350.340.170.180.12
RONW 25.0%32.1%22.1%30.9%39.4%47.8%24.0%-15.8%13.3%30.4%10.7%3.1%1.5%0.5%0.6%
ROCE 30.2%36.9%25.6%33.7%33.5%37.6%18.0%0.0%22.5%15.0%31.7%11.1%3.9%3.6%2.3%2.6%