What we do ITCONS E-Solutions Ltd specializes in human resource services, focusing on IT staffing, manpower sourcing, recruitment process outsourcing, and managed IT services across diverse industries. |
Founded in 2,007 |
Market share Growing SME-listed company with increasing revenue and expanding client base across multiple sectors in India. |
Problem solved Addresses staffing challenges by providing scalable, cost-effective recruitment, payroll, and managed IT solutions to organizational clients. |
Top clients or who we serve Serves public and private sectors including BFSI, IT/ITES, retail, telecom, FMCG, and logistics; primarily B2B clients. |
Key management Mr. Gaurav Mittal (Managing Director), Mr. Chetan Prakash Mittal (Director & CFO) |
Our journey and innovations Founded in 2007, converted to public in 2022, expanded into renewable energy and IT technical testing, and implemented AI-driven automation. |
Where we operate Primarily India with offices in New Delhi, Chandigarh, and Dehradun; newly expanded service verticals include nationwide reach. |
Top products or what we offer Manpower supply, recruitment outsourcing, payroll services, managed IT services, permanent hiring, data center management, and IT technical testing. |
Top brands - |
Raw materials needed - |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue largely recurring from contracted staffing and managed IT services, with growth in new business verticals. |
Our industry position Emerging player with strong growth in IT staffing, leveraging AI and expanded service offerings to capture market share. |
Financial highlights FY 2024-25 revenue Rs 56 Cr with 70% YoY growth; Net profit Rs 3.25 Cr, EPS 6.43; positive trajectory in profitability and scale. |
Geographical revenue split Revenue predominantly from Indian operations; no significant foreign exchange earnings reported. |
Order book - |
Whats driving growth Expanding into renewable energy services, AI automation, new IT service verticals, and converting equity warrants to fund growth. |
Our future plans Diversify into solar energy and EV services; scale data center and on-call IT support; increase national footprint and verticals. |
Our green promise New business activities include renewable and solar energy production, reflecting commitment to sustainable solutions. |
Our people and values Over 800 employees; emphasis on meritocracy, professional growth, and inclusive workplace policies. |
Key challenges ahead Competition in staffing and IT services; timely execution of new business lines; managing conversion of warrants. |
Interesting facts Recently converted from private to public company; issued equity warrants raising over Rs 71 Cr for expansion. |
Risks and strategy Mitigates staffing market competition and tech adoption risks through innovation, strong governance, and strategic diversification. |
