Press Releases

 ITCONS e-Solutions Limited, a dynamic staffing and recruitment services company with 18 years of industry experience and listed on the Bombay Stock Exchange, has announced another significant win this financial year. The company has secured a custom bid order from the Department of Defence Research & Development (Ministry of Defence) - DRDO for the placement of 39 employees over an 18-month period, valued at approximately INR 2.08 crore. This marks ITCONS’ fifth win in the current financial year, further strengthening its position in the government sector, particularly within the defence domain.

ITCONS has strategically balanced its portfolio, combining its expertise in IT staffing with a growing presence in general staffing. Notably, the company has doubled its staff strength in blue-collared and non-IT roles, including skilled, semi-skilled, and unskilled categories. This diversification approach is starting to deliver positive results, contributing to the company's overall growth.

Reflecting on its impressive progress, the company also saw its stock price soar to INR 600, compared to the IPO price of INR 51 just 19 months ago.

Dr. Gaurav Mittal, Managing Director of ITCONS e-Solutions Limited, shared his perspective on the company’s performance stating, “We are glad to report strong financial growth for the first half of FY25, with a growth in revenue of 38.71% to ₹17.95 crore and a rise of 68.13% in net profit to ₹1.29 crore. This indeed is a reflection of our focused strategies on both IT and non-IT staffing. Our diversification efforts too have started yielding results; notable contracts include the agreement signed with the National Institute of Biologicals for ₹17.4 crore and the ₹2.63 crore contract for National Mission for Clean Ganga. Further, the ₹71.28 crore in equity share convertible warrants raised has only strengthened our financial position that would enable us to expand into the green energy sector and pursue nationwide growth. We are confident that this balanced approach to staffing and our focus on diversification will continue to fuel long-term growth and place ITCONS at a safe position in the market.”