Redington, Resulticks Sign 5-Year Partnership to Drive AI Customer Engagement

1 min read     Updated on 21 Jul 2026, 05:45 AM
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Anirudha BScanX News Team
AI Summary

Redington has entered a five-year strategic distribution partnership with Resulticks, announced on July 20, 2026, targeting a market opportunity of more than $150 million across the Middle East, India, and SESA. The collaboration combines Redington's channel ecosystem with Resulticks' AI-driven real-time engagement platform, with joint investments in partner enablement and demand generation, led from Dubai, India, and Singapore.

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Redington has entered a five-year strategic distribution relationship with Resulticks to accelerate the adoption of AI-driven customer engagement technologies across the Middle East, India, and South East and South Asia (SESA). Announced on July 20, 2026, the partnership targets a market opportunity of more than $150 million over the five-year period, combining Redington's channel ecosystem with Resulticks' real-time engagement platform to deliver connected, data-driven customer experiences.

Partnership Structure and Strategic Focus

The collaboration aims to empower channel partners with new capabilities and revenue opportunities through joint investments in partner enablement, demand generation, and ecosystem development. It introduces a structured partner engagement model designed to help partners build expertise in AI-powered engagement technologies while unlocking performance-based incentives. The strategic focus is on supporting the expansion of Resulticks' presence in the Middle East and strengthening its reach in India and the SESA region. The partnership will be led jointly from Dubai, India, and Singapore.

The following table outlines the key details of the partnership:

Parameter: Details
Duration: 5 years
Target Market Opportunity: More than $150 million
Key Territories: Middle East, India, South East and South Asia
Primary Focus: AI-driven customer engagement solutions
Partnership Hubs: Dubai, India, Singapore

Leadership Perspectives

Sayantan Dev, Global Head, Software Solutions Group, Redington, stated that the demand for intelligent, data-driven engagement platforms is growing rapidly. He emphasized that the partnership brings these capabilities into the Redington ecosystem, enabling channel partners to deliver intelligent customer experiences and expand their solution portfolios.

Redicka Subrammanian, CEO of Resulticks, highlighted that the platform allows businesses to orchestrate real-time interactions across the customer journey by unifying data, AI, and engagement. She noted that working with Redington provides the scale to deliver this vision across multiple markets through a local ecosystem.

V. S. Hariharan, Managing Director and Group CEO, Redington, described the partnership as a reflection of the company's transition from a traditional distribution model to a technology orchestrator. He stated that the collaboration unites deep market access and a powerful partner network with advanced AI-driven platforms to create meaningful impact for customers. Both companies aim to help organizations and partners unlock more intelligent, real-time customer engagement and new growth opportunities.

Historical Stock Returns for Redington

1 Day5 Days1 Month6 Months1 Year5 Years
+0.35%-4.54%-3.37%+4.42%-10.96%+72.32%

How will this partnership impact Redington's financial performance over the next five years?

What are the potential risks and challenges in integrating AI-driven customer engagement technologies across these regions?

How might competitors respond to this strategic move by Redington and Resulticks?

Redington Limited FY 2025-26 Annual Report: Revenue Rises 20%, PAT Up 17%, 33rd AGM on July 29, 2026

5 min read     Updated on 08 Jul 2026, 06:15 AM
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Redington Limited's FY 2025-26 Annual Report highlights consolidated revenue of ₹1,19,347 crores (~20% growth), PAT of ₹1,565 crores (~17% growth, excl. exceptional items), and EBITDA of ₹2,414 crores (7% growth). The SISA segment grew 29.9%, Software Solutions Group delivered 37% growth, and India operations crossed ₹63,000 crores in revenue. The 33rd AGM is scheduled for July 29, 2026, with a proposed dividend of ₹6 per share.

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Redington Limited has released its Annual Report for the financial year 2025-26 along with the Notice convening its 33rd Annual General Meeting (AGM), scheduled for Wednesday, July 29, 2026, at 11:00 AM IST via Video Conferencing/Other Audio-Visual Means (VC/OAVM). The filing, signed by Company Secretary K Vijayshyam Acharya on July 7, 2026, was submitted to both BSE Limited and the National Stock Exchange of India Limited.

FY 2025-26 Financial Highlights

The Group delivered robust consolidated financial performance during FY 2025-26, driven by strong growth across key geographies and business segments. The following table summarises the key consolidated financial metrics:

Metric: FY 2025-26 FY 2024-25 Change
Total Revenue: ₹1,19,347 crores ₹99,561.72 crores ~20% growth
Revenue from Operations: ₹1,19,162.36 crores ₹99,333.65 crores ~19.96% growth
EBITDA: ₹2,414 crores ₹2,256.85 crores 7% over FY 2024-25
PAT (excl. exceptional items): ₹1,565 crores ₹1,339.72 crores ~17% growth
Net Worth: ₹10,161 crores — —
Basic EPS (consolidated): ₹20.02 ₹17.14 —
Dividend per share: ₹6 (300% of face value) — —

The consolidated revenue grew at a CAGR of 15.9% over five years. Since listing 19 years ago, Redington has grown revenue by 14 times, EBITDA by 12 times, and Profit After Tax by 15 times, according to the Finance Director's message in the Annual Report.

Segment and Business Performance

The SISA (Singapore, India & South Asia) segment registered revenue growth of 29.9%, increasing its contribution to 55% of total consolidated revenue, while the ROW (Rest of the World) segment grew by 9.7%. Key business unit highlights include:

  • Software Solutions Group (SSG): Delivered 37% growth; approximately 74% of its revenue is recurring in nature; software and services represent 17% of Redington's business, supported by 130+ brands and 10,000+ partners globally.
  • India Operations: Crossed ₹63,000 crores in annual revenue, with India described as the star performer among key geographies.
  • Mobility: Grew 23% across India and Middle East markets.
  • Consumer and Enterprise segments: Grew 16% and 13% respectively, aided by data centers and large deals in India.
  • GCCL: Delivered 33% growth despite prolonged disruptions across parts of the Middle East.
  • UAE: Delivered 16% growth.
  • Africa: Delivered 13% growth.
  • RIML (META operations): Revenue increased to USD 5.70 billion in FY26 from USD 5.42 billion in FY25.

The following table presents the segment-wise revenue breakdown for FY 2025-26:

Segment: FY 2025-26 Revenue (₹ crores) FY 2024-25 Revenue (₹ crores)
SISA: 64,980.51 50,005.59
ROW: 54,181.85 49,328.06
Consolidated Total: 1,19,162.36 99,333.65

Capital Efficiency and Balance Sheet Metrics

The company maintained disciplined capital management during the year. Key metrics are presented below:

Parameter: FY 2025-26 FY 2024-25
Working Capital Days: ~34 days 36 days
Operating Cash Flows: ₹231 crores —
Net Gearing (net of cash): 15% —
ROCE (net): 20% —
ROE: 17% (excl. exceptional items) —
Operating expenses as % of revenue: 3.2% 3.4%

The company retained strong credit ratings of AA+ (Stable) for long-term facilities and A1+ for short-term facilities from both CRISIL and ICRA.

Standalone Financial Performance

On a standalone basis, revenue grew by 30.5% during FY 2025-26 with a CAGR of 22.9% over five years. Gross margin grew by 21.7% (from ₹1,924 crores to ₹2,342 crores). EBITDA grew by 20.1%. Standalone EPS decreased to ₹15.91 from ₹18.47 due to a decrease in dividend income from subsidiaries. Shareholders' funds increased from ₹4,586.7 crores as on March 31, 2025, to ₹5,302.9 crores as on March 31, 2026.

Key standalone financial ratios for FY 2025-26 are presented below:

Metric: FY 2025-26 FY 2024-25
Return on average capital employed (Gross) (%): 24.60 23.50
Return on average equity (%): 22.30 22.40
Debtor turnover ratio (times): 6.60 6.50
Inventory turnover ratio (times): 17.40 17.50
Operating profit margin (%): 2.20 2.30
Net profit margin (%): 1.50 1.50

CSR and ESG Highlights

During FY 2025-26, the company spent ₹21.65 crores on CSR activities. The CSR obligation for the year was ₹27.87 crores, with a shortfall of ₹6.22 crores transferred to the dedicated Unspent CSR account on April 29, 2026, pertaining to ongoing projects. Key CSR programs include COLTE (logistics training), CODE (digital skills), COSS (solar skills), COTTE (IT/ITeS training), WASH (water and sanitation in schools), and the Sahyog Scholarship Program. The company was recognized among BW India's Top 61st Most Sustainable Companies (IMSC) 2025 and received the "Great Indian ESG Digital Transformation Leader Award" at the ESG & Clean Tech Summit.

33rd AGM Details and E-Voting Schedule

The 33rd AGM will be held via VC/OAVM. Key dates and agenda items are as follows:

Parameter: Details
AGM Date & Time: Wednesday, July 29, 2026, at 11:00 AM IST
Mode: Video Conferencing / Other Audio-Visual Means
Record Date: Friday, July 3, 2026
Cut-off Date for E-Voting: Wednesday, July 22, 2026
E-Voting Start: Saturday, July 25, 2026, at 9:00 AM IST
E-Voting End: Tuesday, July 28, 2026, at 5:00 PM IST
Dividend Payment (if approved): Within 30 days from AGM date (by August 27, 2026)

The key agenda items at the AGM include adoption of standalone and consolidated financial statements for FY 2025-26, declaration of a dividend of ₹6 per equity share, re-appointment of Mr. S V Krishnan as Finance Director (Whole-time) for a further period of five years from May 13, 2026 to May 12, 2031, re-appointment of M/s Deloitte & Touche LLP as branch auditor for Singapore for FY 2026-27, and appointment of Mr. Ajay Rotti Jayathirtha as a Non-Executive Independent Director for five years from June 22, 2026 to June 21, 2031.

Board and Governance

As of March 31, 2026, the Board comprised eight Directors. During the year, Mr. Ramesh Natarajan was elevated to Chief Executive Officer – India and Middle East, and Mr. Rajat Vohra was elevated to Chief Executive Officer – India Operations, both effective July 1, 2025. Mr. V S Hariharan continues as Managing Director & Group Chief Executive Officer. Mr. Ajay Rotti Jayathirtha was appointed as an Additional Director (Non-Executive Independent) with effect from June 22, 2026. The Board held six meetings during FY 2025-26. The Secretarial Audit report for FY 2025-26 does not contain any qualification, reservation, or adverse remark. The Annual Report and AGM Notice are available on the company's website at https://redingtongroup.com/wp-content/uploads/2026/07/annual-reportFY-25-26.pdf .

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE891D01026/5b4cfdc7f1b84a31.pdf

Historical Stock Returns for Redington

1 Day5 Days1 Month6 Months1 Year5 Years
+0.35%-4.54%-3.37%+4.42%-10.96%+72.32%

How will Redington sustain the 29.9% growth in the SISA segment given increasing competition in the Indian market?

What strategic investments are planned to further increase the contribution of high-margin recurring revenue from the Software Solutions Group?

Will the company maintain the current dividend payout ratio of 300% given the focus on capital efficiency and a net gearing of 15%?

More News on Redington

1 Year Returns:-10.96%