About Sigma Solve Limited

Sigma Solve Limited is an Ahmedabad-based IT services and enterprise software development company established on April 29, 2010. The Company, originally incorporated as Sigma Solve IT Tech Private Limited, has undergone multiple corporate transitions, later renamed Presha Software Private Limited in February 2017, then Sigma Solve Private Limited in March 2019, and finally reconstituted as Sigma Solve Limited upon conversion to a public company on June 17, 2019. Its shares were first listed on the NSE SME Platform on October 19, 2020, and subsequently migrated to the main board of NSE and listed on the BSE main board on June 09, 2023. Sigma Solve operates globally while maintaining its core delivery and operational leadership from Ahmedabad, Gujarat, India.

With a client-centric, export-led model, Sigma Solve provides enterprise software development, product consultancy, and IT services across the lifecycle—from ideation to deployment and maintenance. The Company’s capabilities include web and e-commerce development, real-time application design, automation testing, business intelligence and analytics, CRM solutions, digital marketing, UI/UX design, and cloud integration. Its services cater primarily to clients in the USA, supported through wholly owned overseas operations and domestic technical teams. The Company has offices in Florida (USA), Atlanta (Home Office), and Australia (Home Office), while strategic oversight and centralized delivery control remain in Ahmedabad.

As of March 31, 2025, Sigma Solve Limited comprises two subsidiaries: one wholly owned overseas entity and one newly incorporated India-based subsidiary, in which the parent company holds a 70% stake. The Indian subsidiary, created during FY 2024–25, is consolidated with a non-controlling interest. Sigma Solve continues to strengthen its delivery capacity, diversify its geographic presence, and enhance governance systems to align with its expanding global footprint.

Key Milestones of Sigma Solve Limited

• 2010 – Incorporation as Sigma Solve IT Tech Private Limited.
• 2017 – Renamed as Presha Software Private Limited.
• 2019 – Name changed to Sigma Solve Private Limited and converted into a public limited company; renamed Sigma Solve Limited on June 17, 2019.
• 2020 – Equity shares listed on NSE SME Platform on October 19, 2020.
• 2023 – Migrated to the main board of NSE and concurrently listed on BSE on June 09, 2023.
• 2025 – Group expanded to include an India-based subsidiary with a 70% stake to support growth and diversification in domestic operations.

Sigma Solve Limited Business Verticals and Geographic Presence

Business Verticals:

• Enterprise Software Development – Custom software design and development for businesses, aligning technology with corporate needs.
• Web and E-commerce Solutions – Specialization in e-commerce platforms, integrations, and marketplace systems.
• Digital Transformation and Analytics – Services covering BI, CRM, automation testing, UI/UX optimisation, and analytics dashboards.
• Cloud and Mobility Solutions – Development of mobile applications and cloud-based services for global clients.
• Turnkey IT Consulting – Full-spectrum IT consultancy for mid-size businesses and large enterprises across multiple industries.

Geographical Presence:

• India: Core operations and technical delivery capabilities located in Ahmedabad, Gujarat.
• USA: Offices in Florida and Atlanta supporting client relationships, project management, and customer engagement.
• Australia: Home office operations extending customer service reach to Asia-Pacific counterparts.
• Global Reach: Export-oriented revenue, primarily from U.S. clients, represents the bulk of the Company’s operations.

Sigma Solve Limited Business Segment

Sigma Solve Limited operates within the IT services segment, focusing on software development, technology consulting, and application engineering. The Company’s business model integrates offshore delivery from its Ahmedabad base with onshore client engagement via U.S. and Australian offices. This hybrid model supports agility, scalability, and a competitive cost structure. The Company’s projects typically follow time-bound billing cycles based on operational efficiency, with payments routed through its international subsidiary. Revenue continues to be largely driven by U.S.-based customers, accounting for a significant portion of its standalone and consolidated income.

Sigma Solve Limited Key Management

• Prakash R. Parikh – Chairman & Managing Director
• Kalpana P. Parikh – Whole-Time Director
• Nitin P. Patel – Non-Executive Director
• Chinmay H. Shah – Chief Financial Officer
• Dhwani Jaspalsinh Solanki – Company Secretary

Latest Updates on Sigma Solve Limited

• New subsidiary added in India: During FY 2024–25, Sigma Solve incorporated a new Indian subsidiary, in which it holds a 70% equity interest. This entity has been consolidated with a non-controlling interest.
• Increase in authorised share capital: The Company’s shareholders approved an increase in authorised share capital from Rs 10.50 crore to Rs 12 crore at the Annual General Meeting held on August 20, 2024. This change has been reflected in the FY 2024–25 financial statements.
• Board and governance updates: Appointments of new Additional Directors were effected on June 30, 2025, and July 22, 2025, with corresponding changes in directorship recorded due to resignations on the same dates, as per disclosures in the Annual Report.
• Human capital growth: Headcount increased by 28 to reach a total of 224 employees as of March 31, 2025, highlighting continued expansion of technical and delivery teams.
• Operating focus: The Company reported that its operations remain primarily export-driven, with most client engagements and billing structured through its U.S. subsidiary on a man-hour basis while central control remains with the India office.