Key Metrics of Securekloud Technologies Limited
About Securekloud Technologies Limited
Sectors
Company details
- Registered office
- Bascon Futura, Sv, 5th Floor, 10/1,, Venkatanarayana Road,, Thygarayanagar,, Chennai, In-tn, 600017
- Listed
- NSE: SECURKLOUD · ₹15.15
Operational Areas of Securekloud Technologies Limited
Company summary
Entity details
Compliance
Industry classification
Financials, ratios and risk analysis
Revenue, EBITDA, net profit, net worth, debt and assets for every filing year, 15+ ratios, the financial health score, shareholding, charges and peer comparison are part of the premium plan.
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Credit ratings
WatchLiquidity assessed as Poor
Rating history
Rating actions
| Date | Agency | Action | Long term | Short term | Outlook | Rated amount | Rationale |
|---|---|---|---|---|---|---|---|
| 08 Apr 2026 | CARE | Reaffirmed | D | — | — | ₹15.4 Cr | View |
| 20 Mar 2025 | CARE | Reaffirmed | D | — | — | ₹15.9 Cr | View |
| 08 Jul 2024 | CARE | Revised (from C) | D | — | Stable | ₹17.1 Cr | View |
| 30 Jan 2024 | CARE | Reaffirmed | C | — | Stable | ₹17.1 Cr | View |
| 23 Jan 2023 | CARE | Reaffirmed | C | — | Stable | ₹18.8 Cr | View |
| 15 Dec 2021 | CARE | Reaffirmed | C | — | Stable | ₹39.7 Cr | View |
| 28 Dec 2020 | CARE | Non-cooperating | C | — | Stable | ₹20.7 Cr | View |
| 11 Mar 2020 | CARE | Non-cooperating | C | A4 | Stable | ₹20.0 Cr | View |
| 22 Mar 2018 | CARE | Reaffirmed | A- | A2+ | Stable | ₹100 Cr | View |
| 13 Feb 2018 | CARE | Other | — | — | — | — | View |
Credit strengths (CARE, Apr 2026)
+ Domain and Industry Expertise with Strategic Cloud Partnerships
SecureKloud is focussed on cloud transformation and data pipeline management services. Since its inception, the company has developed in-house patented softwares such as CloudEz platform and has continued to develop technology platforms like DataEz, readbl.ai, blockedge.io and CloudAuth etc. Furthermore, the company has also tied up as a service partner with public cloud system providers such as AWS, Azure, Google Cloud Services, IBM Smart Cloud and VMWare. The promoter and senior
+ Liquidity: Poor
The liquidity of the company remained weak with negative cash accruals at consolidated level. The company had a consolidated cash and bank balance of ₹15.56 crore as on September 30, 2025, and at standalone level, cash balance stood at ₹0.22 crore. The average working capital utilisation stood high at ~98.53% for the past 12 months ended November 2025. There was delay in servicing of term debt in February 2026. Applicable criteria
+ Applicable criteria
Consolidation Definition of Default Liquidity Analysis of Non-financial sector entities Financial Ratios – Non financial Sector Service Sector Companies About the company and industry Industry classification
+ Total operating income 340.86 168.74 28.92
PBILDT* -26.58 -19.17 (2.59) Profit after tax (PAT) -95.82 -45.83 (17.36) Overall gearing (x) NM NM NM Interest coverage (x) NM NM NM A: Audited UA: Unaudited; NM: Not meaningful; Note: these are latest available financial results *PBILDT: Profit before interest, lease rentals, depreciation and tax Status of non-cooperation with previous CRA: Not applicable
+ Profit after tax (PAT) -95.82 -45.83 (17.36)
Overall gearing (x) NM NM NM Interest coverage (x) NM NM NM A: Audited UA: Unaudited; NM: Not meaningful; Note: these are latest available financial results *PBILDT: Profit before interest, lease rentals, depreciation and tax Status of non-cooperation with previous CRA: Not applicable Any other information: Not applicable Rating history for last three years: Annexure-2
+ Overall gearing (x) NM NM NM
Interest coverage (x) NM NM NM A: Audited UA: Unaudited; NM: Not meaningful; Note: these are latest available financial results *PBILDT: Profit before interest, lease rentals, depreciation and tax Status of non-cooperation with previous CRA: Not applicable Any other information: Not applicable Rating history for last three years: Annexure-2 Detailed explanation of covenants of rated instrument / facility: Annexure-3
Credit challenges
− Delay in debt servicing
There are instances of delays in debt servicing of its term loans. Moderation in scale of operation and continued operating losses The company’s scale of operations has declined significantly, with consolidated revenue decreasing from ₹340.86 crore in FY2024 to ₹168.74 crore in FY2025, and further to ₹28.92 crore in the first nine months of FY2026. This continued moderation is primarily attributable to governance-related challenges, which has impacted the company’s ability to secure new orders,
− Moderation in scale of operation and continued operating losses
The company’s scale of operations has declined significantly, with consolidated revenue decreasing from ₹340.86 crore in FY2024 to ₹168.74 crore in FY2025, and further to ₹28.92 crore in the first nine months of FY2026. This continued moderation is primarily attributable to governance-related challenges, which has impacted the company’s ability to secure new orders, acquire new customers, and renew existing contracts. The company has also been incurring operating losses, with PBILDT losses of
− Modest financial risk profile marked by negative tangible net worth
The company’s tangible net-worth has seen an erosion after the write-off ₹ 624.95 crore of capitalised internally developed software in FY20. Due to continuous operating losses, the tangible net-worth continued to remain negative. The company has a total debt of ₹ 106.50 crore as on March 31, 2025, out of which ₹ 32.87 crore is in the form of unsecured loans from related parties. On June 14, 2025, the company’s U.S. subsidiary, SecureKloud Technologies Inc., filed for bankruptcy following the lo
− Presence in highly competitive industry
The company has a relatively moderate scale of operations in a highly competitive industry which would restrict the company’s bargaining power with high value clients. It faces competition from IT giants and other small-scale players. The company is also exposed to risks of regulatory framework and immigration policy changes in USA. All the above would put pressure on the margins of the company. 1Complete definition of ratings assigned are available at www.careratings.comand other CARE Ratings L
− Key strengths
Domain and Industry Expertise with Strategic Cloud Partnerships SecureKloud is focussed on cloud transformation and data pipeline management services. Since its inception, the company has developed in-house patented softwares such as CloudEz platform and has continued to develop technology platforms like DataEz, readbl.ai, blockedge.io and CloudAuth etc. Furthermore, the company has also tied up as a service partner with public cloud
Could lead to an upgrade
• Satisfactory track record of timely repayment and servicing of debt obligation for a continuous period of 90 days. • Improvement in
Agency-reported financials (CARE, 08 Apr 2026)
| Metric | March 31, 2024 | March 31, 2025 | 9M FY26 |
|---|---|---|---|
| Total operating income | ₹341 Cr | ₹169 Cr | ₹28.92 Cr |
| PBILDT* | ₹-26.58 Cr | ₹-19.17 Cr | ₹-2.59 Cr |
| Profit after tax (PAT) | ₹-95.82 Cr | ₹-45.83 Cr | ₹-17.36 Cr |
| Revenue growth (YoY) | — | −50.5% | — |
| PAT margin | −28.1% | −27.2% | −60.0% |
Borrowings & rated debt
Rated limits over time
Facility mix
Rated facilities
| Facility | Type | Previous | Current | Change | Rating | Action | Agency |
|---|---|---|---|---|---|---|---|
| Long Term Bank Facilities | Working capital & bank lines | — | ₹15.4 Cr | — | D | Reaffirmed | CARE |
CARE ratings on record (checked 26 Oct 2026)
| Instrument | Amount | Rating |
|---|---|---|
| Bank Overdraft | — | Withdrawn |
| Cash Credit | ₹15.0 Cr | CARE D |
| Non Convertible Debentures | — | Withdrawn |
| Term Loan | — | Withdrawn |
| Term Loan | ₹42.0 L | CARE D |
Lenders
| Fund-based - LT | Cash Credit | Indian Bank |
| Fund-based - LT | Term Loan | Indian Bank |
Credit assessment · Services
Rating Methodology – Service Sector Companies · Standalone accounts · FY 2025-26
Ratios, pillar scores and the indicative rating are part of Premium.
Rating status
| Default | No default on record |
| Issuer cooperation | Cooperating |
| Credit enhancement | None – standalone rating |
| Information on file | 56% · missing: Capex / investment plans, Lender details, Auditor details, Recent rating review (last 15 months) |
Indicative assessment from public data using the published methodology factors; not a credit rating.
Borrowing & funding lifecycle
- Credit outlook model: 22% chance the next rating action is stable or better
- Current rating D (below investment grade)
- Working-capital limits 98.53% utilised on average
Rated limits by facility
Timeline
From the report
The company had a consolidated cash and bank balance of ₹15.56 crore as on September 30, 2025, and at standalone level, cash balance stood at ₹0.22 crore.
From the report
The average working capital utilisation stood high at ~98.53% for the past 12 months ended November 2025.
From the report
This is expected to be utilised towards repayment of debt and working capital requirements.
From the report
The company has a consolidated cash and bank balance of Rs. 0.41 Cr as on September 30, 2024.
From the report
The average working capital utilisation stands high at around 99.9% for the past 12 months ended December 2024.
From the report
This is expected to be utilised towards repayment of debt in the subsidiary book and working capital requirements.
From the report
At consolidated level, the company’s cash accruals remain negative, and the free cash and balances also remain low at about ₹ ₹ 3.57 crore as on March 31, 2024.
From the report
This is expected to be utilised towards repayment of debt in the subsidiary book and working capital requirements.
From the report
At consolidated level, the company’s cash accruals remain negative and the free cash and balances also remain low at about ₹ 1.99 crore as on September 30, 2023.
From the report
The company had free cash and bank balance of ₹ 36.97 crore as on September 30, 2022 on a consolidated level.
From the report
HCTI) with equity infusion of Rs. 137 crore and has partially converted share warrants worth Rs. 11.68 crore held by Mr.
From the report
Liquidity - Adequate The company had free cash and bank balance of Rs. 69 crore as on October 31, 2021.
From the report
The company had low free cash and bank balance of Rs.6.72 crore at consolidated level as on September 30, 2020.
From the report
Of the total cash and bank balances, only Rs.0.1 crore is in the standalone books of 8K miles.
From the report
The company has availed moratorium on its working capital facilities and the interest for the period has been converted to Funded Interest Term Loan (FITL).
From the report
The company has also availed COVID loan of Rs.3.08 crore in June 2020 under the Guaranteed Emergency Credit Line Scheme (GECLS).
From the report
The average working capital utilisation for the past 12 months ending February 2019 remains high at 89% thereby providing limited liquidity cushion.
From the report
There will be a back-to-back arrangement with the US subsidiary with respect to the principal and interest repayment of the debt and hence the repayments will depend on the payment from US subsidiary.
From the report
The solvency of the company continued to remain comfortable marked by overall gearing ratio of 0.08 times with total debt/GCA at 0.22x as on March 31, 2017. 8K Miles has healthy free cash and bank balance on consolidated basis of Rs.120.99 crore as on September 30, 2017 which has increased from Rs.90.73 crore as on March 31, 2017 2 CARE Ratings Limited Press Release Key Rating Weakness Geographical concentration risk albeit low customer concentration Business of the company is spread across USA, Canada, India and Singapore.
From the report
There will be a back-to-back arrangement with the US subsidiary with respect to the principal and interest repayment of the debt and hence the repayments will depend on the payment from US subsidiary.
From the report
The solvency of the company continued to remain comfortable marked by overall gearing ratio of 0.08 times with total debt/GCA at 0.22x as on March 31, 2017. 8K Miles has healthy free cash and bank balance on consolidated basis of Rs.120.99 crore as on September 30, 2017 which has increased from Rs.90.73 crore as on March 31, 2017 2 CARE Ratings Limited Press Release Key Rating Weakness Geographical concentration risk albeit low customer concentration Business of the company is spread across USA, Canada, India and Singapore.
Lender names, bank charges and audited borrowings are part of Premium.
Built from MCA charges, ICRA/CARE rating reports and audited accounts. The borrowing view is an estimate, not a lender's credit decision.
Registered office and contact
Directors and key people
Directors are read from the MGT-7 annual return and AOC-4 signatories.
Competitors of Securekloud Technologies Limited
Top competitors by location
| Company | Description | Domain | Founded | Location |
|---|---|---|---|---|
 Tata Consultancy Services |
Indian IT Services · IT Services & Software | tcs.com | 1968 | Mumbai, India |
 HCL Technologies |
Indian IT Services · IT Services & Software | hcltech.com | 1991 | New Delhi, India |
 LTM LIMITED |
Indian IT Services · Business Services | ltm.com | 1997 | Mumbai, Maharashtra, India |
 Mphasis |
Indian IT Services · IT Services & Software | mphasis.com | 2000 | Bangalore, India |
 Persistent Systems |
IT Services & Consulting · IT Services | persistent.com | 1990 | Pune, India |
 Meesho |
Product & Internet Companies · IT Services & Software | meesho.com | — | Bangalore, India |
| Indian IT Services · Business Services | ltts.com | — | Mumbai, Maharashtra, India | |
| CMR GREEN TECHNOLOGIES LIMITED | Indian IT Services · IT Services & Software | — | — | Faridabad, Haryana, India |
 KPIT TECHNOLOGIES LIMITED |
Indian IT Services · Business Services | kpit.com | 1990 | Pune, Maharashtra, India |
 Zensar Technologies |
Indian IT Services · IT Services & Software | zensar.com | — | Pune, India |
Similar companies
Charges (secured borrowings)
0 registered charges. Lenders, amounts and dates are part of the premium plan.
Statutory auditors
Auditors are read from the AOC-4 auditor's report section.
Business activities and related parties
Principal business activities and related-party transactions are read from MGT-7 and AOC-4 filings.
Filings
No filings on record yet.