Canarys Automations Ltd.
NNSE:CANARYS25.90
INR
-0.90
(-3.36%)
Canarys Automations Ltd.
NSE:CANARYS
(National Stock Exchange of India)
Recent
price
25.90
P/E
ratio
7.18
div
yld
0.21%
ROIC.AI
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- Business
- Canarys Automations Ltd (NSE: CANARYS) operates as a provider of digital transformation solutions, software and hardware development, consultancy services, electronic equipment, and water management system turnkey projects. The company offers core products and services including digitalization solutions such as digitization, application digitalization, cloud-driven digital solutions, digital quality assurance, digital DevOps solutions and tools (Azure, GitHub, Atlassian, GitLab), GitHub services; modernization solutions comprising application, legacy, and ERP modernization; intelligence solutions including traditional AI, machine learning, generative AI, big data and analytics; automation solutions consisting of robotic process automation, GPT-based solutions, and intelligent automation; transformation solutions such as application portfolio rationalization and strategic transformation consulting; telemetry solutions; water resources solutions encompassing flow monitoring of rivers and canals, irrigation management decision support systems, flood early warning systems, urban flood early warning and forecasting systems, irrigation SCADA systems; and cloud services including cloud strategy and assessment, cloud migration, cloud-native application development, DevOps and automation on cloud, hybrid and multi-cloud enablement, and managed cloud services. Canarys serves sectors such as banking, financial services and insurance (BFSI), retail, healthcare, pharmaceuticals, manufacturing, and insurance, with over 500 technology professionals delivering tailored solutions. In April 2025, Canarys completed the acquisition of a 51% stake in Fortira Inc., a New Jersey-based firm specializing in AI, machine learning, and data-driven solutions, valued at USD 5 million and funded through IPO proceeds, promoter warrants, and internal accruals, with plans to acquire the remaining 49% over the next three years to expand its North American presence. This marks the company's first inorganic growth initiative, enhancing capabilities in AI, ML, data analytics, and market penetration in the US, particularly in BFSI, healthcare, and pharma sectors. The company maintains subsidiaries including Canarys Corp. in the US (established 2002) and Canarys APAC Pte Ltd. in Singapore (established 2019). Founded in 1991 and headquartered in Bengaluru, Karnataka, India, Canarys Automations Ltd operates globally with a focus on technology solutions and water resource management, recognized as GitHub APAC Channel Partner of the Year 2024 and a Microsoft Gold Partner for DevOps, cloud platform, and application development.