Cigniti Technologies Ltd
Next 500 2024
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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
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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) | 4 | 4 | 5 | 6 | 8 | 15 | 17 | 16 | 6 | 3 | 1 | 0 | 0 | 0 | 0 | 0 |
| Cash & Bank Balance (INR Cr) | 160 | 107 | 115 | 128 | 87 | 62 | 18 | 16 | 4 | 34 | 6 | 2 | 1 | 1 | 1 | 0 |
| Total Debt (INR Cr) | 57 | 56 | 80 | 46 | 121 | 74 | 131 | 144 | 127 | 43 | 26 | 20 | 13 | 2 | 2 | 1 |
Key Financial Ratios
Profit As % Of RevenuesRONW %Interest Cost to EBITDA %ROCE %Debt to Equity Ratio
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 0.08 | 0.09 | 0.17 | 0.12 | 0.45 | 0.49 | 19.10 | - | 0.35 | 0.16 | 0.23 | 0.35 | 0.34 | 0.17 | 0.18 | 0.12 |
| 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% |