Allied Digital Services Limited (ADSL), a global IT services and solutions provider, has announced a significant business win, securing a major contract worth ₹420 crore with a leading European pharmaceutical company. This landmark deal marks a substantial milestone for the Mumbai-based firm, underlining its growing prominence in the global IT services arena.

Contract Details

The five-year contract, valued at ₹420 crore, involves transforming the digital workplace for more than 120,000 employees across 66 countries in the Americas, Europe, and the Middle East. This extensive engagement showcases Allied Digital's expanding global reach and expertise in delivering comprehensive digital workplace solutions.

Scope of Services

The contract encompasses a wide array of IT services, including:

• Deskside and hardware support
• Management of collaboration and meeting room technologies
• Audio-video platform support
• Installation, Move, Add, and Change (IMAC) services for end-users
• Establishment of dedicated IT experience centers in key regions

This strategic engagement positions Allied Digital as a key partner in modernizing the client's digital infrastructure and enhancing the overall employee experience on a global scale.

Management's Perspective

Mr. Nitin D. Shah, Chairman & Managing Director of Allied Digital Services Limited, expressed his enthusiasm about the contract, stating, "We are pleased to announce this landmark contract with a leading multinational pharmaceutical company. This prestigious engagement validates our global capabilities and highlights our expertise in delivering large-scale, complex, and transformative projects, thereby solidifying our position as a trusted provider of enterprise-grade solutions."

Company Performance

The contract announcement comes on the heels of Allied Digital's strong Q1 performance. The company reported consolidated revenues of ₹219.00 crore for the quarter, marking a 22% year-over-year increase. This growth reflects broad-based expansion and continued execution of strategic priorities.

Allied Digital's India operations continue to serve as a key growth engine, with standalone revenues increasing by 27% year-over-year, driven by strong traction in both Enterprise and Government segments. The company's international business is also showing signs of recovery, with U.S. enterprise clients re-engaging and markets in Europe and the Middle East steadily contributing to the global revenue mix.

Future Outlook

With this significant contract win and a robust financial performance, Allied Digital appears well-positioned for continued growth. The company's focus on cutting-edge technologies such as Artificial Intelligence, Generative AI, and Machine Learning aligns with the evolving needs of global enterprises, potentially opening up new opportunities in the rapidly transforming digital landscape.

As Allied Digital continues to expand its global footprint and strengthen its service offerings, this ₹420 crore contract serves as a testament to the company's capabilities and its growing recognition in the international IT services market.

Allied Digital Services Limited (ADSL), a leading global IT services and solutions provider, has reported a strong start to the fiscal year, with consolidated revenues reaching ₹219.00 crore in Q1, marking a 22% year-on-year growth. The company's financial results showcase its resilience and strategic positioning in the evolving IT landscape.

Financial Highlights

• Consolidated revenue increased by 22% YoY to ₹219.00 crore in Q1
• EBITDA grew by 16% YoY to ₹22.00 crore
• PAT (Profit After Tax) surged by 40% YoY to ₹14.00 crore
• India operations witnessed a 31% YoY growth, while Rest of World (ROW) operations grew by 18%

Segment-wise Performance

Customer Profile

The company's performance was driven by strong growth in both its services and solutions segments, with a notable 69% increase in government sector revenues.

Strategic Developments

Allied Digital has secured new contracts worth ₹185.00 crore during the quarter, including multi-year deals with global clients. Key wins include:

• A three-year global contract with a leading New York-based investment bank for Workplace Support Services across North America, Europe, and Asia-Pacific.
• On-site Digital Workplace Services contract with a global leader in commercial vehicle fuel systems, covering the US, LATAM, Europe, and APAC.
• 24x7 Global Service Desk operations for a renowned ice cream brand across 80 countries.

The company is also expanding its footprint in emerging technologies, implementing AI-based video analytics for construction site safety and face recognition solutions for employee productivity tracking in the retail sector.

Management Commentary

Nitin D. Shah, Chairman & Managing Director of ADSL, commented on the results: "We are pleased to report a promising start, with consolidated revenues up 22% YoY. This performance reflects broad-based growth and continued execution of our strategic priorities. India operations continue to serve as our key growth engine, with standalone revenues increasing by 27% YoY, led by strong traction in Enterprise and Government segments."

Shah also highlighted the company's focus on AI-driven solutions: "We are at a pivotal moment where AI is transforming industries across the global economy. We see a clear path to support our clients in navigating this shift by helping them adopt and integrate cutting-edge technologies such as Artificial Intelligence, Generative AI, Agentic AI, Prompt Engineering, and Machine Learning."

Future Outlook

With a net debt-free balance sheet and ₹188.00 crore in cash reserves, Allied Digital is well-positioned for multi-year growth. The company plans to leverage increasing global contracts to expand operations across more than 70 countries, focusing on smart city initiatives, government projects, and AI/Gen AI solutions.

As the IT services landscape continues to evolve, Allied Digital's strong performance and strategic initiatives demonstrate its ability to capitalize on emerging opportunities in the global market.