Canarys Automations Ltd – Company Report
1. Company Overview
Canarys Automations Ltd, founded in 1991 and headquartered in Bengaluru, Karnataka, is a leading Indian IT solutions provider specializing in digital transformation, automation, and intelligence solutions. With over three decades of expertise, Canarys delivers tailored technology and consulting services, as well as water resource management solutions, to clients in India and globally. The company has completed over 120 projects across 10 countries, serving clients in multiple sectors such as BFSI, retail, healthcare, manufacturing, insurance, and more.
As of July 2025, Canarys Automations employs around 500–1,000 professionals, reflecting a robust growth trajectory in digital technologies and automation. Its core business also includes the manufacture of electronic equipment such as electric motors and transformers. The company operates as a publicly listed entity with a market capitalization of approximately ₹166 crore and is nearly debt-free.
- Incorporated: December 1, 1991
- Headquarters: Bengaluru, Karnataka, India
- Core Focus: IT solutions, automation, digital transformation, water management
- Market Cap (July 2025): ₹166 crore
- Employees: 500–1,000 (est.)
- Stock Listings: NSE (CANARYS)
- Prominent Directors: Sheshadri Srinivas Yedavanahalli, Metikurke Ramaswamy Raman Subbarao, others
2. Products and Services
Canarys Automations offers a comprehensive portfolio of IT services and turnkey solutions:
Digitalization and Modernization Solutions:
- Application modernization, cloud solutions, microservices, and hybrid cloud architectures
- Digital transformation consulting for process optimization and new digital business models
Automation and Intelligence:
- Robotic Process Automation (RPA), DevOps solutions, orchestration tools, project management, and quality assurance platforms
- Data analytics and AI-driven insights for enhanced operational efficiency
Water Resource Management Solutions:
- Integrated solutions for water management—automation systems for water utilities, treatment facilities, and smart infrastructure
Industry Verticals:
- BFSI, retail, healthcare, pharma, manufacturing, insurance, and more
- Custom-developed software and hardware for industry-specific needs
Other Key Offerings:
- ERP and cloud solutions, GitHub and development consulting, and blockchain technologies
- Consultancy services and support for digital adoption and transformation
3. Recent News and Business Developments
Recent Developments:
- July 5, 2024: Secured a ₹25.65 crore contract by Jalkal Vibhag, Nagar Nigam Gorakhpur for Urban Flood Early Warning System
- Dec 5, 2024: Bagged a ₹2.9 crore ERP contract with Karnataka Golf Association (5-year duration).
- Dec 1, 2024: ₹5.53 crore agreement with Infosys Noida STP Unit for GitHub and Advanced Security licenses.
- Dec 16, 2024: Awarded a ₹15.54 crore SCADA-based automation contract from Tamil Nadu Water Resources Department.
- Mar 21, 2025: Secured a ₹6 crore order from Compviz Technologies for Android-based EHS inspection and tracking app.
- Mar 24, 2025: Awarded a USD 502,000 international contract with Manali Consulting (Singapore) for SAP EPPM implementation at Saudi Electricity Company.
- Apr 22, 2025: Acquired 51% stake in Fortira Inc., NJ (USA), expanding into AI, ML, and North American markets.
- Aug 25, 2025: Canarys is proud to announce the launch of Auryis, their AI-powered, unified compliance assessment platform purpose-built for Pharma and Life Sciences. This marks a pivotal step in Canarys' evolution—from a services-led organization to a product-led company.
4. Financial Performance
| Metric | FY2025 | FY2024 |
|---|---|---|
| Revenue from Operations | ₹89.1 crore | ₹75.0 crore |
| Net Profit | ₹8.3 crore | ₹8.0 crore |
| Earnings Per Share (EPS) | ₹1.45 | — |
| EBITDA Margin | ~13% | — |
| Return on Equity (ROE) | 10.5% | — |
| Debt | Almost Debt-Free | — |
| Dividend | No Dividend | — |