Blue Cloud gains NSE listing as Africa push lifts growth

Blue Cloud Softech Solutions has secured admission for its equity shares to trade on the Main Board of the National Stock Exchange of India, giving the Hyderabad-based company a listing on both the NSE and BSE.

The shares began trading under the symbol BLUECLOUDS through the permitted-to-trade route, which applies to companies already listed on another recognised stock exchange. A total of 92,30,81,600 equity shares with a face value of Re 1 each have been admitted.

Blue Cloud qualified for admission because its market capitalisation remained above the NSE's six-month average eligibility threshold of ₹1,500 crore and it maintained a clean compliance and investor grievance record. Its board approved the move in April, and the application was submitted in August.

The admission gives investors a second trading venue for Blue Cloud, which has been listed on the BSE since 2016. Founded in 1991, the group has expanded from IT services into products and platforms focused on public safety, healthcare, telecoms infrastructure and enterprise technology.

The broader business mix comes as Blue Cloud reports faster growth in revenue and earnings. For the financial year ended 2026, the company posted consolidated revenue of ₹1,002 crore, up 26 per cent, EBITDA of ₹126.13 crore, up 78 per cent, and profit after tax of ₹60.50 crore, up 37 per cent.

Its first-quarter figures for FY27 showed further growth. Revenue rose 41.9 per cent year on year to ₹292.53 crore, while EBITDA nearly tripled to ₹59.61 crore, lifting EBITDA margin to 20.4 per cent from 10.4 per cent a year earlier.

Africa projects

Blue Cloud has linked much of its current expansion to overseas work, particularly in Africa, where it is pursuing digital infrastructure, healthcare and surveillance projects with partners including GCIB Global. Projects under discussion or development include a network modernisation effort in Ghana, a national digital infrastructure project and AI-enabled mining surveillance in Liberia, and healthcare digitalisation work in Senegal.

Among these, the Ghana network modernisation project is being negotiated at about USD 250 million, according to the company. It also cited government-related work in public safety, healthcare and digital infrastructure as a driver of demand for its software-led business.

Its platforms include Blura SAGA and SOCEYE in public safety, BluHealth in healthcare and Praptham in telecoms and 5G fixed wireless access. The company has described these as sovereign AI platforms, a term increasingly used in India and other markets for systems intended to keep control of critical digital infrastructure and data within domestic or government-aligned frameworks.

The NSE admission comes as Indian technology companies seek broader access to domestic investors amid rising interest in AI-related businesses. A second listing can increase a stock's liquidity and widen its reach among institutional and retail investors, although investor appetite remains closely tied to earnings delivery and execution on overseas contracts.

Blue Cloud's management presented the new trading line as a sign of the company's development since its BSE listing.

"Admitting on the NSE is a proud moment for everyone at Blue Cloud. Since our BSE listing in 2016, we have grown from an IT services company into a diversified AI-first group with revenue of over ₹1,000 crore. Being on both exchanges gives our shareholders greater choice and liquidity, and it reflects the maturity of the institution we have built. We are grateful to our shareholders, employees, customers and partners for their trust, and to the NSE for admitting our shares. The dual listing is a vote of confidence in the long-term potential of our sovereign AI platforms, and it provides the capital-market credibility we need as we scale across three continents," said Janaki Yarlagadda, Chairman, Blue Cloud Softech Solutions.

Management also tied the listing to its international plans. "The NSE listing comes at precisely the right point in our journey. Our global expansion, particularly into Africa and the US, is anchored in sovereign AI platforms that solve real problems in public safety, healthcare and digital infrastructure. The GCIB partnerships, the Ghana network modernisation mandate, and the Liberia mining surveillance RFI signal that government and enterprise sectors are ready to invest in resilient, non-China-dependent digital infrastructure. A dual listing gives us the institutional credibility and equity currency to execute these mandates with the scale and discipline they demand. We are building the next generation of India's technology exports," said Kodali.

Vinod Babu Bollikonda, Managing Director and Group CEO, pointed to the company's recent financial performance as it enters the NSE market. "The admission of securities on NSE comes at the right point in our journey. We closed FY26 with consolidated revenue of ₹1,002 crore, up 26 per cent, EBITDA of ₹126.13 crore, up 78 per cent, and profit after tax of ₹60.50 crore, up 37 per cent. In Q1 FY27, revenue rose 41.9 per cent year on year to ₹292.53 crore and EBITDA nearly tripled to ₹59.61 crore, taking the EBITDA margin to 20.4 per cent from 10.4 per cent a year earlier, as our platform and IP-led businesses scale. Our sovereign AI platforms in public safety, healthcare and digital infrastructure are winning government and enterprise mandates, and a dual listing gives us a stronger capital-market foundation to pursue that growth with discipline," said Bollikonda.