Diligent Industries has been named a Leader in the IDC MarketScape: Worldwide Third-Party Risk Management Software 2026 Vendor Assessment. The recognition underscores the company’s integration of AI-native capabilities into its governance, risk and compliance (GRC) offerings.

The assessment highlights Diligent’s 3rdRisk solution, an AI-native third-party risk management tool acquired in January 2026. According to the report, the platform automates vendor onboarding, profiling, assessment workflows and document analysis. This automation enables organizations to achieve audit-readiness in weeks rather than quarters.

What the Numbers Show

The IDC report emphasizes a shift from manual processes to automated workflows. By integrating 3rdRisk into its unified GRC platform, Diligent addresses the complexity of modern supplier ecosystems. The assessment notes that this approach provides a single view of all third-party relationships, enabling earlier issue identification and reduced exposure to high-risk vendors.

Strategic Positioning

Scott Bridgen, General Manager of Risk & Audit at Diligent, stated that third-party risk management requires a proactive approach. He noted that teams can now use AI to automate onboarding and ongoing monitoring. This helps move organizations toward audit-readiness significantly faster than traditional quarterly reviews.

Phil Harris, Research Director for Governance, Risk & Compliance Services at IDC, added that Diligent’s position reflects its ability to modernize risk programs through AI. He highlighted the platform’s capacity to automate tasks such as vendor profiling and provide greater visibility across third-party relationships.

Platform Capabilities

Diligent’s third-party risk capabilities span the full lifecycle, from onboarding to board-level reporting. Powered by 3rdRisk technology, the platform allows organizations to:

• Automate time-intensive workflows
• Rapidly analyze third-party documentation
• Maintain real-time visibility into supplier risk

The unified platform aims to reduce friction while strengthening control over third-party ecosystems.

Diligent Industries has filed its annual report for FY26, reporting a 6.5% rise in revenue to ₹15,295.18 lakh while net profit remained largely stable at ₹252.33 lakh. The company has also scheduled its 32nd Annual General Meeting (AGM) for September 30, 2026.

The Board of Directors approved the financial statements and the AGM notice in a meeting held on September 7, 2026. Key agenda items include the adoption of audited standalone financial statements for FY26 and the reappointment of Mrs. Phani Anupama Vankineni as a director, who retires by rotation.

Financial Performance

For the financial year ended March 31, 2026, Diligent Industries reported revenue from operations of ₹15,295.18 lakh, an increase from ₹14,355.70 lakh in FY25. Despite higher turnover, profitability remained constrained by operational costs. Profit before tax (PBT) declined slightly to ₹337.60 lakh from ₹348.70 lakh in the previous year. Net profit for the year stood at ₹252.33 lakh, marginally higher than the ₹251.49 lakh reported in FY25.

Working Capital and Assets

Total borrowings as at March 31, 2026, stood at ₹3,929.51 lakh, up from ₹3,636.97 lakh in the previous year. Inventories increased to ₹4,615.21 lakh from ₹3,973.63 lakh. Trade receivables rose significantly to ₹2,981.19 lakh, compared to ₹839.41 lakh as at March 31, 2025. Property, plant, and equipment stood at ₹1,290.32 lakh, while capital work-in-progress increased to ₹299.61 lakh from ₹225.57 lakh.

AGM Details

The 32nd AGM will take place on Wednesday, September 30, 2026, at 11:30 am. Shareholders can participate via remote e-voting through the CDSL e-Voting System. The cut-off date for voting entitlement is September 23, 2026, with the register of members closed from September 24, 2026, to September 30, 2026.

M/s Ganga Anil Kumar & Associates has been appointed as the scrutinizer for the voting process. Mr. Ganga Anil Kumar, a practicing Company Secretary, will represent the firm.