Updater Services Limited
195.72
INR
-16.80
(-7.91%)
Updater Services Limited
NSE:UDS
(National Stock Exchange of India)
Recent
price
195.72
P/E
ratio
14.50
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Updater Services Limited specializes in integrated facilities management (IFM) and business support services across diverse sectors including FMCG, manufacturing and engineering, banking, financial services and insurance (BFSI), healthcare, IT/ITeS, automotive, logistics and warehousing, airports, ports, infrastructure, and retail. Its core offerings encompass housekeeping and janitorial services, facility maintenance including plumbing, electrical, and HVAC system upkeep, security services with guards and surveillance, business support services such as front office management, mailroom and logistics handling, pantry and catering services, as well as engineering and maintenance services covering elevators, fire safety systems, and technical equipment maintenance. The company also provides warehousing and inventory management, logistics support, general staffing, institutional catering, technology services, and procurement services, leveraging modern technology with IoT and AI integration for real-time facility management. Founded in 2003 and headquartered in Chennai, Updater Services Limited has grown to become India’s second-largest outsourced IFM player by market share, employing over 70,000 people as of fiscal year 2025. In recent years, the company has expanded through acquisitions including full ownership of Stanworth Management Private Limited and majority stakes in Fusion Foods and Catering Private Limited, Global Flight Handling Services, Matrix Business Services India Private Limited, and Washroom Hygiene Concepts Private Limited. It has also entered new agreements covering metro rail facility management, human resource management at hospitals, operation and maintenance of liquid terminals, and management of railway stations, reflecting a strategic shift towards broadening its integrated service portfolio. Major recent changes include the company's conversion in 2022 from a private limited to a public limited company with a corresponding name change to Updater Services Limited and appointments in key management positions such as the interim Group Chief Financial Officer in December 2025. The company reported consolidated revenues exceeding INR 20 billion in fiscal year 2023 and continues to add clients across both integrated facilities management and business support service segments. Updater Services maintains a presence primarily in India while serving a wide array of industrial and commercial clients seeking comprehensive facility and business support management solutions. This diversification and expansion underscore its positioning as a leading facilities management and business support services provider in the Indian market.