Listed SaaS Companies In India: Several software stocks have fulfilled investors’ dreams to make good money as these stocks have risen multi-fold in a short period of time.
This is also considered one of the reasons for the demand for IT stocks. There are several IT companies that are confident about meeting growth targets.
The IT industry should be able to see healthy growth in the upcoming years as there has been improved penetration of Indian IT players into global markets such as BPO and IT management systems.
The software as a service (SaaS) industry has also seen strong growth in the recent past and several traders and investors still hope to see growth in this space.
Making investments in listed SaaS companies in India can be one way to be a part of this growth story.
Since there is a lot of buzz about SaaS companies nowadays, this article will focus on listed SaaS companies in India. Apart from this, the article will focus on the SaaS industry’s outlook. Read on!
Software as a service (SaaS)- What is it?
Software as a service (SaaS) is referred to as a software distribution model. In this, the cloud provider hosts applications and provides the applications to end users over the internet.
In the SaaS model, an independent software vendor tends to contract a third-party cloud provider for application hosting. However, some larger companies, including Microsoft, can be cloud providers and can also be software vendors.
SaaS is considered as 1 of 3 main categories of cloud computing. The other 2 are infrastructure as a service (IaaS) and platform as a service (PaaS).
Several IT professionals, business users, and personal users apply SaaS applications. Its products span personal entertainment, like Netflix, to advanced IT tools.
More often than not, SaaS products are marketed to both B2B and B2C users. Revenue in the SaaS segment should reach US$1.84 billion in 2022.
Revenue is expected to be compounded at 10.91% over FY22-27, touching a market volume of US$3.08 billion by FY27. If you want to capitalize on and exploit this strong growth opportunity, you can consider investing in some listed SaaS companies in India.
SaaS Companies- Listed on Indian Exchanges
There are several types of SaaS companies for varied business functions. Governments and enterprises across sectors continue to rely on IT-related solutions and services.
Public cloud demand saw a significant increase during the pandemic due to changes in the work strategy of organizations worldwide. Since start-ups across industries continue to rise, demand for the public cloud has increased multi-fold.
Therefore, here are some listed SaaS companies in India:
1. Sonata Software Limited (NSE Code: SONATSOFTW)
Sonata Software Limited is a global technology company that specializes in platform-based digital transformation. The company supports businesses to become connected, open, intelligent, and scalable.
Its Platformation™ methodology helps in bringing together industry expertise, platform technology excellence, etc. to deliver sustained value to customers.
As on Nov 3, 2022, the stock price closed at INR 3,755.00 per share.
2. Varanium Cloud Limited (NSE Code: CLOUD)
Originally, Varanium Cloud Limited was incorporated as a Private Limited Company on Dec 21, 2017, under the name Streamcast Cloud Private Limited.
Subsequently, the company was converted into a Public Limited Company and that’s when its name was changed to Varanium Cloud Limited.
It is being categorized as a fast-growing Indian technology company, which is focused on offering services around digital audio, video and financial blockchain (for PayFac) based streaming services.
The company carries out operations in key verticals including the provision of digital audio and video content streaming services to several content owners and telecom operators in India and internationally on a SaaS model.
As on Nov 3, 2022, the stock price of the company closed at INR 362.30 per share.
3. Tata Elxsi Limited (NSE Code: TATAELXSI)
Tata Elxsi Limited, a part of TATA Group, is a global design and technology services company. It provides design and technology services in several industries such as Automotive, Broadcast, Communications, Healthcare, and Transportation.
The company is assisting customers to reimagine products and services through design thinking and the application of digital technologies including IoT (Internet of Things), Cloud, Mobility, VR, and AI.
As on Nov 3, 2022, the stock price closed at INR 6,890.00 per share.
4. Mastek Limited (NSE Code: MASTEK)
Mastek Limited is an enterprise digital and cloud transformation company, engineering excellence for customers throughout 40 countries, including the UK, Europe, the US, the Middle East,
Asia Pacific, and India. It helps enterprises navigate the digital landscape by unlocking the power of data, modernizing applications, and accelerating digital advantage.
The stock price closed at INR 1,665.80 per share on Nov 3, 2022.
5. Persistent Systems (NSE Code: PERSISTENT)
Persistent Systems is a global services and solutions company that delivers Digital Engineering and Enterprise Modernization. The company’s software offerings and proven solutions create a unique competitive advantage for its clients.
On Nov 3, 2022, the stock price closed at INR 3,755.00 per share.
While the above are some of the listed SaaS companies in India, there are several other companies that continue to trade on NSE and BSE. After COVID-19, there has been increasing demand for cloud-based solutions to aid market-wide growth.
Therefore, investors who plan to become part of this promising growth story are advised to make long-term investments in listed SaaS companies in India.
However, such investments should be made after considering personal goals and risk appetite.
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