Elnet Technologies Ltd – Company Report
1. Company Overview
Elnet Technologies Ltd, incorporated on August 1, 1990, and headquartered in Chennai, Tamil Nadu, is a public company operating in the IT infrastructure domain. The company was conceived as a joint initiative between public promoters and ELCOT (Electronics Corporation of Tamil Nadu) for setting up a world-class software technology park.
Elnet’s flagship development, Elnet Software City, is located on the IT corridor in Taramani, adjacent to TIDEL Park. With a fully developed complex spanning over 200,000 sq.ft, Elnet Technologies has established itself as a niche provider of specialized infrastructure for software development and IT-enabled services. The campus enjoys 100% occupancy, housing leading domestic and international IT firms. The company is almost debt-free and is managed by a board of directors with deep experience in infrastructure management and technology services.
- Incorporated: August 1, 1990
- Headquarters: Chennai, Tamil Nadu, India
- Board: Professional board with ELCOT and private sector nominees
- Employees: The campus employs ~2,500 professionals through resident client companies
- Stock Listing: BSE (517477)
- Market Cap (July 2025): ~₹138 crore
2. Products and Services
Elnet Technologies Ltd focuses on providing and managing integrated IT infrastructure and facilities for technology-driven businesses:
Software Technology Park Operations
- Leasing of fully equipped, air-conditioned office spaces designed for IT, ITES, and BPO clients
- 100% diesel generator backup and advanced split packaged air conditioning systems
- 12 x 120 KVA uninterrupted power supply (UPS) systems in parallel redundant mode for mission-critical operations
Network and Communication Facilities
- High-speed connectivity through microwave links, direct fiber, and terrestrial lines linked to Tata VSNL, Reliance, Airtel, and BSNL earth stations
- Fully secure and robust infrastructure to support high-availability software export activities
Value-added Services
- Security and building management, fire protection systems, elevators, housekeeping, and comprehensive property management
- Facilities tailored to suit the needs of a wide spectrum of IT, data processing, and business services firms
Expansion and Clientele
- Plans for further expansion to accommodate growing BPO and IT demand
- The existing complex hosts top technology clients, such as Logitech Engineering & Designs and other reputed software organizations
3. Recent News & Financial Performance
Business Developments
- Elnet Technologies remains focused on maximizing occupancy and maintaining high standards of building and infrastructure management.
- The company is exploring avenues to expand its campus footprint and introduce additional amenities for technology tenants.
- The company’s growth has been stable, though sales growth has been flat to slightly negative in recent years, reflecting the mature nature of campus-leasing operations.
- Positive cash flows from operations and strong margin discipline have been maintained.
4. Financial Performance (FY2025)
| Metric | FY2025 Value |
|---|---|
| Total Revenue | ₹33 crore |
| Net Profit | ₹17.55 crore |
| EPS | ₹43.88 |
| Net Profit Margin | 53% |
| Dividend Yield | 0.44% |
| Return on Equity (ROE) | 12% |
| Assets | ₹175 crore |
| Equity Capital | ₹4 crore |
| Debt | Minimal (negligible) |