Target: ₹1,130
CMP: ₹841.35
We interacted with the management team of Datamatics Global Services Ltd comprising Rahul Kanodia, Vice Chairman & CEO, Ankush Akar, SVP & CFO and Mitul Mehta, CMO.
Key takeaways from the meet are: Digital operations business has scaled up meaningfully following the TNQTech acquisition; The early-mover investments in AI, GenAI and Agentic AI are now translating into better traction within Digital Technology business; Data’s strategy remains focussed on mid-sized client organisations with niche vertical leadership and enterprises undergoing business transformation; the company serves over 300 active clients and sees significant growth opportunities in the US and Europe — with top client presence across BFSI, Publishing & Proctoring (Customer Experience), Retail and Logistics verticals.; It is actively scaling net-new client additions to lower concentration risk and strengthening its enterprise platform play through Microsoft, AWS, and newly added Salesforce capabilities via Dextara.
It plans to invest ₹40-50 crore annually in innovation to stay ahead of evolving technology landscape, while driving cost optimiszation to sustain profitable growth.
We believe of Datamatics Global’s niche vertical strengths, AI-driven execution and disciplined focus on profitable growth position it well for sustained performance. We maintain Buy rating with an unchanged TP of ₹1,130.
Published on November 28, 2025
