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Micro-Cap NSE: VGINFOTECH Core Banking Software · E-Governance · SaaS

Virtual Galaxy Infotech Ltd

A 26-year-old core banking and e-governance software company — listed via IPO in May 2025 (subscribed 215×) with a Q1 FY27 revenue jump of +60% YoY, contracts in Botswana and Zimbabwe, and a Konkan Railway MoU.

Market Cap
~₹360 Cr
Revenue (FY)
₹182 Cr
Net Profit (FY)
₹46.1 Cr
Q1 FY27 Revenue
+60% YoY
LinkedIn coverage — link will appear once posted
01

Company Description

Virtual Galaxy Infotech is a SaaS-based IT company specialising in core banking solutions (its e-Banker platform), ERP systems, e-governance platforms, and custom IT services — including its V-Pay digital payments platform and sector-specific tools like E-APMC (agricultural market automation) and E-Autopsy (forensic department automation).

Serving BFSI and government clients from Nagpur, the company has operated for 26 years as a private entity before listing via IPO in May 2025. Its 215× oversubscription on listing suggests genuine investor interest — but post-IPO coverage has been thin.

Recent milestones: international contracts in Botswana and Zimbabwe for core banking deployment, and a Konkan Railway MoU for railway management software — both signalling a credible expansion beyond its initial domestic government-banking niche.

Management image pending Official company image not available yet · this section will be updated when provided
Management
Chairman & Management
Virtual Galaxy Infotech Ltd · Management Commentary
02
In Their Own Words
Management response pending

We reached out to Virtual Galaxy Infotech management with four plain questions. When they respond, answers will appear here in full, unedited, clearly labelled as management's own words.

01. What does your company do, in plain terms?
Management response pending — the company has not provided a direct statement at the time of publication. This section is reserved for the company's own words and future updates.
02. Why should a retail investor take a second look?
Management response pending — the company has not provided a direct statement at the time of publication. This section is reserved for the company's own words and future updates.
03. What do people usually get wrong about the business?
Management response pending — the company has not provided a direct statement at the time of publication. This section is reserved for the company's own words and future updates.
04. What are you building toward for your customers — not the stock?
Management response pending — the company has not provided a direct statement at the time of publication. This section is reserved for the company's own words and future updates.
03

Company Numbers

Source: Public exchange filings and company financial data, as reported. Verify against latest filings before relying on any figure here.

Market Cap
~₹360 Cr
Revenue (FY)
₹182 Cr
Net Profit (FY)
₹46.1 Cr
Promoter Holding
65.0%
Q1 FY27 Revenue
+60% YoY
Order Book
₹145.5 Cr (2× YoY)

Worth watching: Screening data flags possible capitalisation of interest costs — worth verifying against the company's own filings alongside the 60% Q1 FY27 revenue growth and doubled order book including new international contracts.

04

Company Performance

FY 2023
₹28 Cr
FY 2024
₹38 Cr
FY 2025
₹46.1 Cr

Source: Public company filings, as reported. These are reported figures, not Pasal Wealth's projections.

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Why almost nobody's looked at this yet

  • 0126 years of operating history, barely one year as a public company. Listed May 2025. Most of the company's institutional knowledge predates any public market presence.
  • 02It's B2B/B2G — no consumer-facing brand. You've never interacted with Virtual Galaxy directly even if a bank or government department you use runs on its software.
  • 03International contracts in Botswana and Zimbabwe haven't been widely covered. These are genuinely novel milestones for a Nagpur-based core banking vendor — yet they've received almost no mainstream financial coverage.