| SupTech | Regulatory supervisory technology platforms for data collection, validation, and risk-based supervision for regulators. | Deep domain expertise, longstanding regulator relationships, proprietary platforms supporting multiple international data standards. | B2G - government regulators and financial supervisory authorities worldwide. | Software licensing and cloud services. | 61 | 49 | Subscription and licensing fees from regulators for platform deployment and services. | License-based or subscription pricing model tailored to regulator scale and services. | Increasing regulatory digitization and supervisory mandates globally. | IRIS iFile, IRIS RISE |
| RegTech | Enterprise and BFSI regulatory reporting solutions automating compliance and disclosure management. | First mover in Indian RegTech space, trusted platforms integrated with global reporting frameworks. | B2B - Corporates and financial institutions complying with regulatory reporting requirements. | Cloud-based disclosure management solutions. | 43 | 34 | SaaS subscription fees and professional services to enterprises and financial institutions. | Recurring subscription-based model with optional consulting services. | Rising compliance complexity, ESG reporting demand, and automation needs in enterprises and BFSI sectors. | IRIS CARBON, IRIS iDEAL |
| TaxTech | GST compliance software and services (business divested in 2025). | | Enterprises needing GST compliance solutions. | | 17 | 14 | Previously earned from subscriptions and implementation services (currently divested). | Subscription and service fees (no longer applicable after divestment). | Prior growth from India GST mandate (now divested to Sovos). | Previous GST ASP Business (divested) |
| DataTech | Data platforms empowering MSMEs with financial access, credit tools, and digital ecosystem. | Proprietary data-driven platform with government partnerships. | B2B2C - MSMEs, lenders, and ecosystem partners. | | 1 | 1 | Subscription and platform usage fees (early growth phase). | Usage and subscription-based. | Digital financial inclusion initiatives and MSME ecosystem development. | IRIS Peridot, IRIS MSME |
| Others | Data content aggregation and ancillary services related to regulatory data. | | Various B2B clients requiring aggregated data content. | | 3 | 3 | Service fees and data licensing. | Service-based fees. | Expanding data service needs in domestic market. | India Content Aggregation |
