Kandarp Digi Smart BPO Ltd.
KANDARP.NS
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- Kandarp Digi Smart BPO Limited (KANDARP:NS) provides business process outsourcing services specializing in support solutions for verification, background checks, and related operations across India. The company offers voice-based support services, including tele-verification, service calls, collections and recoveries, retention, online support, customer satisfaction surveys, and AMC booking; field support services, such as contact point verifications, payments and document pickups, field recovery unit activities, vendor verification, document checks, complaint redressal, mystery and declared audits with GPS and site photography; back-office processing, comprising data entry, form processing, skip tracing, e-KYC, employee background checks, staffing solutions, and payroll management; and audit and site verification services, including mystery store audits and declared audits in Tier II and Tier III cities. It pioneered PDA-based technology and Android applications for credit support services, operates 39 branches pan-India with deployments at around 400 locations using 1,000 to 1,500 personnel, and serves sectors including banking, insurance, non-banking financial companies, asset management, education, healthcare, agriculture, real estate, and travel, targeting primarily B2B clients such as public and private banks, insurers, and financial institutions. Founded in 2001 as Dynamic Restructuring Management Services Private Limited, the company changed its name to Kandarp Management Services Private Limited in 2010 and to Kandarp Digi Smart BPO Limited in 2022 upon conversion to a public limited company; it is headquartered at C-69, Sector-2, Noida, Uttar Pradesh, with a registered office in New Delhi, and functions as a subsidiary of Reliable Data Services Limited. In recent developments, the company reported standalone revenue of Rs. 2,433.58 million for fiscal year 2024-25, up 47.37% from Rs. 1,651.30 million in 2023-24, with profit after tax rising to Rs. 159.43 million from Rs. 101.24 million. As of September 2025, shareholders approved the preferential issue of up to 33.48 million fully convertible warrants at Rs. 104.50 each, aggregating Rs. 349.87 million, to promoters including Reliable Data Services Limited (10 million warrants), promoter group members, and non-promoter public allottees such as Onvo Aquarrius Private Limited and MR Country Side Private Limited, with 25% payable upfront and the balance upon conversion within 18 months to expand verification software development targeting B2B and B2C segments across BFSI, corporates, households, and pan-India operations. The company is developing comprehensive verification and background checking software to serve banks, NBFCs, insurers, corporates, small offices, shops, and households for both white-collar and blue-collar employees.