Tracxn Technologies Limited has filed its Annual Report for the financial year ended March 31, 2026, with BSE Limited and the National Stock Exchange of India, pursuant to Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The report, signed by Company Secretary and Compliance Officer Megha Tibrewal on July 23, 2026, covers the company's financial and non-financial performance for the period April 1, 2025 to March 31, 2026.

FY26 Financial Performance

Tracxn Technologies reported revenue from operations of ₹84.0 crore in FY26, with India contributing approximately 45% and international geographies accounting for 55% of revenues across 50+ countries. Total income for the year stood at ₹90.1 crore, inclusive of gains from interest and mutual fund investments. India revenue grew 14% YoY to ₹38.2 crore, while international revenue experienced softness during the period.

The following table summarises the company's key financial metrics for FY26 versus FY25:

Total expenses increased 8% YoY from ₹83.7 crore in FY25 to ₹90.7 crore in FY26. Employee benefit expenses, the largest cost component at 87.8% of total expenses, rose 7.9% from ₹73.9 crore to ₹79.7 crore, primarily driven by investments in go-to-market and closing sales teams. Cloud hosting charges were the second-largest expense item, accounting for 3.1% of total expenses. PAT margin stood at negative 0.7% in FY26.

Share Buyback and Capital Position

The company executed its first share buyback as a listed entity in H1 FY26. The Board approved the buyback at its meeting on May 26, 2025, and shareholders approved it via postal ballot on July 03, 2025. The buyback offer period ran from July 24, 2025 to July 30, 2025, through the tender offer route on the stock exchanges.

Following the buyback, the company held ₹89.2 crore in cash and equivalents with zero debt as at FY26 end. The Board has not recommended any dividend for FY26, as the company did not report profits during the year.

Customer Growth and Platform Scale

Tracxn Technologies reported steady growth in its customer base and platform metrics during FY26. Customer accounts increased 19% YoY to 2,289 as of FY26 end, while active users grew 23% YoY to 6,227.

The top five countries by customer count were India, USA, UK, Singapore, and Germany. Revenue by geography was distributed as follows: India (45%), Americas (25%), EMEA (21%), and APAC excluding India (9%).

Vertical Business Units and India Momentum

The company's specialised vertical sales teams across key customer segments continued to deliver results in FY26. India revenue grew at a 16% CAGR over the last two years, with customer accounts growing at a 48% CAGR over the same period. In Q4 FY26, India revenue grew 15% YoY, with QoQ revenue growth of 5.1%, annualising to approximately 22%.

Key segment highlights for FY26 are summarised below:

AI Integration and Technology Initiatives

A defining theme of FY26 was the embedding of artificial intelligence across the Tracxn platform. The company expanded AI usage from backend data production workflows to customer-facing capabilities. Key AI-related launches included the Tracxn Connector for Claude, enabling paid users to access real-time company intelligence from Tracxn's database within AI workflows, and an AI Assistant on the Tracxn platform (in private beta at FY26 close) enabling natural-language interaction with structured data for tasks such as due diligence, competitive landscaping, and market analysis. Both capabilities were launched after FY26 close and are not reflected in FY26 revenues.

The company also added significant new datasets in FY26 without a meaningful increase in headcount, citing automation as the key enabler. The platform's Legal Entities Database now covers approximately 66 million legal entities, while cap table coverage expanded to over 419,000 companies across 15+ countries — representing more than 10x growth in approximately two years.

Board, Governance and Human Resources

As of March 31, 2026, the Board comprised six directors — two Executive Directors and four Independent Directors. Mr. Nishant Verman resigned as Independent Director with effect from the close of business hours on March 31, 2026. Post the close of the financial year, Mr. Akshay Bhushan was appointed as an Additional Director (Non-Executive Independent) with effect from May 25, 2026.

Ms. Surabhi Pasari resigned as Company Secretary and Compliance Officer on June 02, 2025, and Ms. Megha Tibrewal was appointed to the role on the same date. The Board met four times during FY26, and the statutory auditor's report for FY26 contains no qualifications, reservations, or adverse remarks. M/s Price Waterhouse Chartered Accountants LLP conducted the audit for FY26, and the Board has recommended the appointment of M/s M S K C & Associates LLP as the incoming statutory auditors for a term of five consecutive years, subject to shareholder approval at the ensuing 14th AGM.

The company's total headcount stood at 717 permanent employees as of March 31, 2026, with women comprising 42% of the workforce. The median remuneration of employees increased by 21.54% in FY26. The average increase in remuneration for Directors and KMPs was 5.62%, while the average increase for other employees was 13.28%. Fixed assets totalled ₹45.3 lakh on the balance sheet, with depreciation and amortisation of ₹18.97 lakh for FY26. Total fees paid to statutory auditors for all audit-related activities in FY25-26 were ₹31.94 lakhs.

Promoters Neha Singh and Abhishek Goyal of tracxn technologies have confirmed that they did not create any encumbrance on their equity shares during the financial year ended March 31, 2026. The declarations were submitted to BSE Limited, National Stock Exchange of India Ltd., and the company's Audit Committee on April 08, 2026.

The disclosures were made in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Both promoters explicitly stated that no encumbrances were made, directly or indirectly, on the shares held by them during the specified period.

The confirmations provide assurance to shareholders regarding the unencumbered status of the promoters' shareholding for the reported financial year.