Incorporated in 2011 and headquartered in Ludiana, Logiciel Solutions Ltd. (LSL) is a seasoned outsourced software development provider specializing in Cloud Engineering, AI/ML, UI/UX and end-to-end Application Development. It delivers scalable, high-performance digital solutions tailored to enterprises and startups worldwide. LSL has delivered over 14 years of consistent offshore engineering services with a strong presence in USA and Canada supported by a 100% export-driven revenue model.
As of 31st Oct 2025, LSL has 107 employees—of which nearly 75% are in engineering and delivery roles—Logiciel serves 75+ clients across eight industries including Construction Tech, PropTech, Energy, Retail, Marketing Tech, FP&A and Cybersecurity. LSL has developed strong long-term engagements, averaging over five years per client, backed by AI-integrated workflows, scalable delivery models and asset-light structure.
Financial Performance: (Rs. in crore)
| Particulars | FY23 | FY24 | FY25 | HY26 |
| Revenue from Operations | 13.92 | 16.93 | 20.91 | 12.72 |
| EBITDA | 2.52 | 6.16 | 8.14 | 5.033 |
| EBITDA Margin (%) | 18.09 | 36.40 | 38.95 | 39.58 |
| Profit After Tax (PAT) | 1.34 | 3.97 | 5.47 | 3.55 |
| PAT Margin (%) | 9.63 | 23.46 | 27.23 | 27.91 |
| ROE (%) | 26.80 | 51.78 | 32.80 | 13.94 |
Around 85% of Logiciel’s revenue comes from the Dedicated Teams model offering predictable recurring cash flows. The company has strong capabilities in SaaS development, AI-driven engineering, cloud, DevOps, mobile and QA, supported by AI-assisted coding and automated workflows.
Its growth plans include expanding sales presence in USA and Canada, scaling India capacity to a 250-seat centre by 2026, and investing in a specialised AI & Robotics R&D division. Rising global demand for AI-enabled offshore engineering positions Logiciel for sustained growth.
To finance its growth, Logiciel Solutions is going public with its IPO to raise Rs.39.90 crore, which will open for subscription on Friday, 28th November 2025 and will close on Tuesday, 2nd December 2025. The issue comprises 20,67,600 equity share of Rs. 183 – 193/share of face value Rs. 10/share. The market lot size is 600 shares and the issue will be listed on the BSE SME.
The issue is managed by Fintellectual Corporate Advisors Pvt.Ltd.
