Esconet Technologies Limited esconet technologies has appointed Amit Gupta as its Chief Revenue Officer (CRO), with effect from July 29, 2026. The appointment aims to leverage Gupta’s extensive experience in business strategy, revenue management, and enterprise sales to drive the company’s continued growth and long-term strategic objectives in the technology sector.

The intimation was issued pursuant to Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The detailed disclosure was also submitted in compliance with NSE Circular No. NSE/CML/2018/24 dated June 20, 2018.

Executive Profile

Amit Gupta is a seasoned technology business leader with more than two decades of experience in the Information Technology industry. His expertise spans IT Infrastructure, Cloud Computing, Artificial Intelligence, Cybersecurity, and Digital Transformation. During his career, he has held senior leadership positions at globally reputed organizations, including Lenovo, Juniper Networks, EMC, Hewlett Packard India, and Bharti Teletech.

Gupta’s professional background includes significant contributions to business transformation, accelerating revenue growth, and strengthening strategic partnerships across India and the SAARC region. He possesses deep domain expertise in managing P&L and leading high-performing teams in complex technology environments.

Compliance Disclosures

The filing confirms that Amit Gupta is not related to any Director or Key Managerial Personnel of Esconet Technologies Limited. Furthermore, he is not debarred from holding office by virtue of any order passed by the Securities and Exchange Board of India or any other regulatory or statutory authority. The terms and conditions of his appointment have been agreed upon between the company and Mr. Gupta.

Esconet Technologies reported consolidated total income of ₹357.84 Cr for the financial year ended March 31, 2026, an increase of 53.4% year-on-year. Standalone total income crossed the ₹300 Cr mark, reaching ₹300.72 Cr. The company posted a consolidated profit after tax (PAT) of ₹6.16 Cr, with the second half (H2) showing a strong recovery as PAT rose 262% over the first half (H1). The management attributed the full-year profit decline primarily to H1 performance, noting that H2 PAT fell only 9% year-on-year, indicating a healthier exit run-rate.

Financial Performance and Operational Highlights

The company’s consolidated EBITDA stood at ₹12.25 Cr, with H2 EBITDA increasing 183% over H1. The board approved the audited results on May 28, 2026. Management explained that gross margins contracted from approximately 15.2% to 13.2% due to component-cost inflation, which absorbed about ₹7 Cr of gross profit. Additionally, a one-time working-capital loan of ₹11.87 Cr was taken to cover a delayed enterprise receivable, fully repaid in April 2026, incurring a non-recurring finance cost.

Strategic Developments and Subsidiary Performance

Esconet’s group structure includes subsidiaries ZeaCloud (100% owned), Fluidech (70% owned), and Esconet Singapore (100% owned). ZeaCloud, a sovereign cloud platform, is targeting MeitY empanelment to unlock government data hosting, which management believes will set up a 2 to 3 year hyper-growth runway. Fluidech, an NCIIPC-accredited cybersecurity consulting firm, reported a planned loss of approximately ₹0.67 Cr in FY26 as an investment year, with a turnaround targeted for FY27. Esconet Singapore generated profits in its first year, serving as a profitable beachhead for international expansion.

Balance Sheet and Future Outlook

The company strengthened its balance sheet by repaying the short-term working-capital loan in April 2026. Trade receivables improved significantly, reducing by ₹8.5 Cr from ₹52.55 Cr. Capital deployment into delivery capability increased property, plant, and equipment from ₹4.75 Cr to ₹9.89 Cr. Looking ahead to FY2026-27, Esconet announced it will report quarterly financial results, exceeding SME half-yearly obligations. The company outlined priorities including margin discipline at the core integration business, turning Fluidech profitable, and securing MeitY empanelment for ZeaCloud.