💰 Financial Performance

Revenue Growth by Segment

Not disclosed in specific percentages for the current period due to an Adverse Opinion on financial statements; however, the company operates in Geospatial and Engineering Solutions and IT services. The auditor noted that they were unable to obtain sufficient evidence regarding the recoverable amount of Property, Plant, and Equipment (PPE), making revenue and asset valuation unreliable.

Geographic Revenue Split

Not disclosed in exact percentages, but the company has significant exposure through wholly owned subsidiaries including Rolta International Inc. (USA), Rolta LLC, Rolta America LLC, Rolta UK Limited, and Rolta Middle East FZ LLC. The invocation of corporate guarantees for US-based Senior Notes indicates a high historical reliance on international operations.

Profitability Margins

Profitability metrics are currently unavailable or unreliable as the auditor issued an Adverse Opinion for FY 2023-24, stating the financial statements do not give a true and fair view. The company's net worth is eroded, and current liabilities exceed current assets, indicating severe financial distress.

EBITDA Margin

Not disclosed in available documents due to the ongoing Corporate Insolvency Resolution Process (CIRP) and the adverse audit opinion which prevents reliable margin calculation.

Capital Expenditure

Not disclosed for the current period. The auditor specifically mentioned an inability to determine the recoverable amount of existing PPE, which would impact any future CAPEX planning.

Credit Rating & Borrowing

The company is in default. Claims made by bondholders for Senior Notes issued by US subsidiaries were accepted during the CIRP process amounting to INR 6,268.80 Cr. The company is currently under the Insolvency and Bankruptcy Code, 2016, following an application by Union Bank of India.

⚙️ Operational Drivers

Raw Materials

As an IT and Geospatial services firm, the primary 'raw materials' are human capital and software licenses, which are not quantified as physical commodities. The company relies on the realization of unbilled revenue and debtors to maintain operations.

Import Sources

Not applicable for IT services; however, the company has significant international subsidiary operations in the USA, UK, and Middle East which serve as service delivery hubs.

Key Suppliers

Not disclosed. The primary financial creditors include Union Bank of India, which initiated the insolvency proceedings.

Capacity Expansion

Current capacity is not measured in MT/MW. Future operational capacity is contingent on the NCLT's adjudication of the Resolution Plan submitted by the successful resolution applicant, which may result in changes to human resources and business operations.

Raw Material Costs

Not disclosed as a percentage of revenue. The company is currently focused on cost optimization and operational efficiency during the insolvency period to preserve the value of the Corporate Debtor.

Manufacturing Efficiency

Not applicable for the service-based Geospatial and Engineering sector.

Logistics & Distribution

Not disclosed.

📈 Strategic Growth

Expected Growth Rate

0%

Growth Strategy

The growth strategy is currently suspended in favor of a recovery strategy via the Corporate Insolvency Resolution Process (CIRP). A Resolution Plan has been approved by the Committee of Creditors (CoC) and is pending adjudication by the Hon’ble NCLT, Mumbai Bench. Future growth depends entirely on the successful implementation of this plan by the new resolution applicant.

Products & Services

Geospatial and Engineering Solutions, and IT solutions providing business insights for verticals including Utilities, Transportation, Process, Power, Banking, and Insurance.

Brand Portfolio

Rolta

New Products/Services

Not disclosed due to the focus on insolvency proceedings.

Market Expansion

Not disclosed; current focus is on maintaining existing operations under the Resolution Professional.

Market Share & Ranking

Not disclosed.

Strategic Alliances

The company is currently managed by a Resolution Professional (Dr. CS Adv Mamta Binani) and the Committee of Creditors (CoC), which held its 37th meeting on November 28, 2025.

🌍 External Factors

Industry Trends

The Geospatial and Engineering sector is evolving toward integrated IT insights, but Rolta is currently unable to capitalize on these shifts due to its financial status and the 'Material Uncertainty Related to Going Concern' noted by auditors.

Competitive Landscape

Not disclosed in detail, but the company faces competition from other IT service providers while being hampered by its insolvency status.

Competitive Moat

The company's historical moat in Geospatial solutions has been severely compromised by the erosion of net worth and the adverse audit opinion, which undermines client trust and operational stability.

Macro Economic Sensitivity

Highly sensitive to the legal and regulatory environment of the Insolvency and Bankruptcy Code (IBC) in India. Any delay in NCLT adjudication directly impacts the company's viability.

Consumer Behavior

Not disclosed.

Geopolitical Risks

Operations in the US and Middle East expose the company to international regulatory shifts and the legal consequences of defaulted Senior Notes in foreign jurisdictions.

⚖️ Regulatory & Governance

Industry Regulations

Operations are governed by the Insolvency and Bankruptcy Code, 2016. Additionally, the company is in violation of certain RBI regulations regarding the adjustment of foreign currency receivables/payables without prior approval.

Environmental Compliance

Not disclosed.

Taxation Policy Impact

The company faces significant tax exposures and is subject to periodic assessments, demands, and penalty notices from various statutory tax and regulatory authorities regarding income tax and indirect taxes.

Legal Contingencies

Pending adjudication before the NCLT Mumbai Bench for the Resolution Plan. Corporate guarantees of INR 6,268.80 Cr have been invoked. There are also ongoing tax matters arising from assessment and inquiry notices that could result in further financial liabilities.

⚠️ Risk Analysis

Key Uncertainties

The primary uncertainty is the 'Going Concern' status. If the NCLT does not approve the resolution plan or if the plan fails, the company faces liquidation. This uncertainty is quantified by the erosion of net worth and the fact that current liabilities exceed current assets.

Geographic Concentration Risk

High concentration of financial risk in US-based subsidiaries (Rolta LLC and Rolta America LLC) due to the defaulted Senior Notes.

Third Party Dependencies

Extreme dependency on the 'successful resolution applicant' and the Committee of Creditors to finalize the CIRP process.

Technology Obsolescence Risk

Risk is high as the company has limited capital to invest in R&D or new technology stacks while in insolvency, potentially leading to a loss of competitive edge in Geospatial solutions.

Credit & Counterparty Risk

The company's own credit is exhausted; it relies on the realization of existing debtors and unbilled revenue, the quality of which is questioned by auditors due to a lack of sufficient evidence.