Dynacons Systems & Solutions Ltd(DSSL)

NSE: DSSLBSE: 532365

₹ 957-1.57%refreshed 26 Oct, 03:30 pm ISTMarket cap: ₹ 1,219 crWebsite: www.dynacons.comUpdated: 24 Oct 2026

About

Dynacons Systems & Solutions Ltd provides end-to-end technology solutions and services: data centre and cloud infrastructure, network and cybersecurity, digital workplace, systems integration, managed services and Core Banking as a Service. It serves BFSI, public sector and large enterprise customers, delivering services across more than 250 locations in India. Revenue was Rs 1424.28 Cr in FY26. Deloitte Technology Fast 50 India 2024 named it India's fastest-growing technology company.^[1][2][3]

Business segments

System Integration is the only reported segment: Rs 1407.29 Cr, or 98.8% of revenue, in FY26. Its share fell 0.7 percentage points over FY2024-FY2026.^[4]
Technology Workforce Augmentation Services was reported as a separate segment in FY25, with revenue of Rs 12.16 Cr, against Rs 1255.06 Cr for System Integration.^[3]
Within systems integration, Data Centre & Cloud Infrastructure reached ₹484 cr (34% revenue mix) in FY26, up from 14% in FY21.^[5]
Managed Services reached ₹321 cr (23% revenue mix) in FY26, up from 21% in Q3 FY26.^[5]

Products and services

Offerings span data centre and cloud infrastructure, network and cybersecurity, digital workplace, systems integration, managed services, Core Banking as a Service and technology lifecycle management (FY26).^[1]
Technology competencies include HCI, Private and Public Cloud (VMware, Azure Stack, Red Hat OpenShift), SD-WAN, Software Defined Storage, Network Infrastructure and Virtual Desktop Infrastructure.^[3]
Workplace Solutions covers the full IT asset lifecycle: sourcing, integration, service desk, field support, managed print, virtualisation, Desktop-as-a-Service and OS migration.^[3]
Core Banking as a Service is offered to cooperative and rural banking institutions. The company added ₹158 cr in fixed and right-of-use assets in FY26 to support its as-a-service contracts.^[1][6]
Its technology partners include IBM, Microsoft, Cisco, HP, Dell, Oracle, VMware and HPE. The company launched the Millennium PC brand in 1998.^[3][1]

Operations and reach

The company delivers services across more than 250 locations in India (FY26).^[1]
In FY26 the workforce was more than 1,100 full-time employees, over 80% of them technically skilled engineers.^[5]

Key operating numbers

The bidding pipeline was ₹6,650 cr in Q1 FY27: DC & Cloud ₹3,375 cr, Networking ₹1,400 cr, Workplace Solutions ₹1,025 cr and Managed Services ₹850 cr. The historical win rate is about 30%.^[6]
The top 10 customers accounted for about 48% of revenue throughout FY21 - FY26.^[6]

Customers

The company serves customers in BFSI, the public sector and large enterprises (FY26).^[1]
Major customers include RBI, LIC, SBI, NPCI, Canara Bank, Punjab & Sind Bank, J&K Bank and Bank of Baroda.^[5]
About 35% of revenues come from global enterprise customers.^[7]
In FY26, 38 banks went live on the company's Core Banking as a Service platform, under NABARD's State Cooperative Banking initiative.^[1][5]
The Canara Bank engagement covers data centre modernisation, security and managed services.^[3]

Recent large orders

Q1 FY27: RBI awarded a 5-year private cloud infrastructure contract worth ₹750.82 cr, the largest single order in the company's history.^[6]
Q1 FY27: NPCI awarded a ₹267.58 cr data centre augmentation contract.^[6]
Q1 FY27: Central Bank of India awarded a ₹125.88 cr mandate for AI-ready infrastructure using NVIDIA GPUs.^[6]
Q1 FY27: J&K Bank awarded a ₹25 cr ERP implementation engagement.^[6]
FY26 wins included RBI cloud enterprise (₹249.15 cr), LIC Digital Workplace (₹138.44 cr), Punjab & Sind Bank (₹108.88 cr) and SBI SD-WAN (₹63 cr).^[5]

Expansion and new initiatives

The company is expanding its Device-as-a-Service and technology lifecycle management offerings to build recurring, annuity-led revenue (FY26).^[1]
Phase 1 of the international expansion targets APAC markets including Thailand, Hong Kong, Japan, South Korea, Philippines, Indonesia, Vietnam and Australia. Phase 2 covers the Middle East and Europe.^[6]
The company is monitoring acquisition targets in AI/GPU platform integration, SOC/cybersecurity services, and data centre design and operations.^[6]
The company announced a partnership with Cygeniq to deliver AI-driven cybersecurity across India, the Middle East and Asia-Pacific (FY26).^[1]

Credit, approvals and recognition

At the FY25 AGM, shareholders approved higher borrowing powers and the creation of a charge on the company's assets.^[1]
In FY25 Acuite assigned ratings of ACUITE A- (Stable) for long-term bank loans and ACUITE A2+ for short-term facilities.^[3]
In 2024 the company was named in the Deloitte Technology Fast 50 India and the Dun & Bradstreet Top 500 Value Creators. It also received HPE Solution Provider of the Year 2025.^[3]

Market Cap

₹1,219 Cr

High / Low

₹1,926 / 782

Stock P/E

14.6

Price / Book

3.9

Book Value

₹247

EPS

₹66.5

No. of Shares

1.27 Cr

ROCE

32.0%

ROE

31.0%

OPM

9.6%

Debt / Equity

0.26

Sales

₹1,424 Cr

Net Profit

₹85 Cr

Promoter holding

60.9%

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Dynacons Systems & Solutions Ltd(DSSL)

About

Business segments

Products and services

Operations and reach

Key operating numbers

Customers

Recent large orders

Expansion and new initiatives

Credit, approvals and recognition

Signal history

The analysis Screener can't give you

AI Deep Dive

Verdict

Company data

Product Segments

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