capitalnumbers infotech has entered into a definitive agreement to acquire 100% ownership of Epitome Cloud Inc for approximately ₹40 crore. The transaction, structured as a stock purchase agreement, also includes the indirect acquisition of Epitome Cloud's Indian subsidiary, Epitomecloud Technology Private Limited. This strategic move aims to strengthen the acquirer's capabilities in Salesforce-led digital transformation and expand its footprint in the US market.

The Board of Directors at CapitalNumbers Infotech Limited authorized the execution of the stock purchase agreement on May 28, 2026. The consideration of ₹40 crore is subject to net working capital and other mutually agreed adjustments between the parties. The company stated that the proposed acquisition does not fall within related party transactions and that no promoter or group companies hold any interest in the target entity.

Epitome Cloud Inc, incorporated on June 23, 2020, is a US-incorporated technology services company headquartered in New Jersey. The target specializes in digital transformation and enterprise platform services, including Salesforce consulting, revenue lifecycle transformation, and enterprise workflow automation. Its technology ecosystem expertise includes Salesforce, Conga, Agiloft, and Onit.

The standalone turnover of Epitome Cloud Inc for the past three calendar years shows fluctuations. The company reported revenue of $3,281,880 in CY 2023, which rose to $4,116,898 in CY 2024 before declining to $2,867,087 in CY 2025. The acquisition aligns with the strategic objectives disclosed in CapitalNumbers Infotech Limited's initial public offering (IPO) and supports its long-term growth plans.

Management expects the transaction to enhance international delivery capabilities and create opportunities for cross-selling services across existing and future clients. Subject to the fulfilment of customary condition precedents, the acquisition is anticipated to be completed within 8 to 12 weeks. No specific governmental or regulatory approvals were listed as required for the completion of this transaction.

Financial Performance of Epitome Cloud Inc

CapitalNumbers Infotech Limited reported a net profit of ₹25.50 crore for the financial year ended March 31, 2026, on a total income of ₹115.60 crore. The company maintained a debt-free balance sheet with total cash and investments of ₹171.30 crore. For the half-year ended March 31, 2026, the company recorded a net profit of ₹10.70 crore on a total income of ₹56.48 crore. The board has proposed a final dividend of 10% of the face value, following an interim dividend of 10% disbursed in H2 FY26.

Key Financial Highlights

Balance Sheet Highlights

Operational Highlights

The company expanded its capabilities across digital engineering, cloud, AI/ML, Generative AI, and data engineering services during the year. AI/ML and Generative AI solutions contributed more than 10% of FY26 revenue. CapitalNumbers scaled its workforce to over 500 professionals with expertise across more than 50 technologies. The company strengthened its partnerships with global technology platforms including Microsoft, Adobe, and Salesforce.

Strategic Outlook

Management has guided for 35% revenue growth in INR terms for FY27, driven by a strong pipeline and the expected contribution from the acquisition of Epitome Cloud Inc. The company is due diligence complete and SPA execution is imminent for the acquisition, which will be funded through internal accruals and IPO proceeds. EBITDA margin is expected to improve by 200-250 basis points toward 33%.

Management Commentary

Mr. Mukul Gupta, Chairman & Managing Director, stated that FY26 was an important year as the company invested in future growth while maintaining healthy profitability. He highlighted strong client additions, including two Fortune 500 wins, growing demand for AI and cloud-based services, and disciplined financial management as key drivers. The company remains focused on strengthening its service capabilities, expanding into new geographies, and leveraging emerging technologies to drive long-term value creation.