ESDS Software - IPO Report

ESDS Software Solution Ltd (ESDS) is an AI-enabled provider of cloud, managed services, Data Centre infrastructure and software solutions, and one of only two players offering the full spectrum of GPUaaS, cloud, managed services, Data Centre and software solutions. Its IaaS portfolio includes colocation, Data Centre services, cloud services and cloud computing, alongside managed services and SaaS.

ESDS offers end-to-end cloud solutions to BFSI, Government and Enterprises, including community-cloud services for organisations with similar compliance and security needs. It served 2,501 customers in FY26, addressing demand for scalable infrastructure, cost-efficient adoption and secure, high-availability environments.

AI is a key growth focus, with its SWARAJ Cloud integrating 30+ services and 80+ capabilities for intelligent deployment and optimisation across hybrid and multi-cloud environments. In March 2026, ESDS signed a ₹11,831.25 crore, five-year AI cloud infrastructure agreement involving 8,208 NVIDIA B300 GPUs in Australia, with revenue expected from Q3 FY27.

ESDS reported FY26 revenue of ₹472.21 crore, the highest among the identified Indian peers, supported by its integrated offering and cross-selling potential. The company was also recognised as an Extraordinaire Iconic Innovator for AIOps in 2026 and received the Best Managed Security Services award in 2025.