Giskard Datatech Private Limited FY26 turnover reaches Rs 19.55 crore

Giskard Datatech Private Limited reported turnover of Rs 19.55 crore in FY 2025-26, Rs 7.48 crore above FY 2023-24, before 5paisa Capital Limited raised its fully diluted holding to 57.41% on November 3, 2026. The stake increase made GDPL a subsidiary of 5paisa on that date.

How did GDPL's turnover change over three financial years?

GDPL's turnover rose in each of the three financial years disclosed, increasing from Rs 12.07 crore in FY 2023-24 to Rs 15.75 crore in FY 2024-25 and Rs 19.55 crore in FY 2025-26. The November 4, 2026 acquisition update identifies Rs 19.55 crore as GDPL's turnover and its stated size figure.

GDPL added Rs 3.68 crore of turnover between FY 2023-24 and FY 2024-25, followed by a Rs 3.80 crore increase in FY 2025-26. The latter increase was Rs 0.12 crore larger than the previous year's rise, while the filing provides no profit, margin, customer, contract or segment data to explain the movement.

The Rs 7.48 crore increase between FY 2023-24 and FY 2025-26 is based solely on the turnover figures in the disclosure. GDPL's filing does not state whether software development, data processing, analytics or technology infrastructure services generated the largest share of FY 2025-26 turnover.

What business does GDPL operate?

GDPL operates in technology and data analytics, providing data-driven technology solutions that include software development, data processing, analytics and technology infrastructure services. The company builds and supports data platforms, information systems and analytical tools intended to handle large datasets and generate actionable insights.

GDPL was incorporated on June 13, 2016, under the Companies Act, 2013. Its disclosed business profile is relevant to 5paisa's stated acquisition objective of strengthening digital capabilities and expanding technology offerings, although the November 4, 2026 filing does not identify a specific GDPL product that will be integrated.

GDPL primarily operates in India and had no known overseas operations or presence as of the date of the disclosure. The filing therefore describes an India-focused technology and data-analytics business with FY 2025-26 turnover of Rs 19.55 crore, rather than an entity with disclosed international revenue or operations.

The filing also does not split GDPL's Rs 19.55 crore FY 2025-26 turnover between its stated activities. As a result, the disclosed record does not show the individual contributions from software development, data processing, analytics, technology infrastructure, data platforms or information systems.

How did 5paisa gain control of GDPL?

5paisa gained control of GDPL on November 3, 2026, when its fully diluted shareholding increased from 19.76% to 57.41%. GDPL became a subsidiary of 5paisa with effect from that date, according to the company's Regulation 30 disclosure to BSE Limited and the National Stock Exchange of India Ltd.

The November 3 transaction involved 5paisa acquiring 66,148 GDPL equity shares for consideration other than cash through a share-swap arrangement. The increase of 37.65 percentage points, from 19.76% to 57.41%, is the disclosed change that resulted in subsidiary status.

5paisa said the acquisition is intended to strengthen its digital capabilities, expand its technology offerings, achieve strategic synergies and enhance long-term shareholder value. Those are management's stated objectives; the filing does not quantify expected revenue synergies, cost savings, integration spending or a timetable for using GDPL's services.

The disclosed 57.41% holding is measured on a fully diluted basis. The filing does not provide a separate pre-transaction valuation of GDPL, earnings information or a calculation showing how the Rs 19.55 crore FY 2025-26 turnover relates to the share-swap consideration.

What consideration and approvals were disclosed for GDPL?

The disclosed share-swap consideration comprises up to 20,50,588 equity shares of 5paisa issued at Rs 380 per share, aggregating up to Rs 77.922344 crore. The consideration is linked to the acquisition arrangement disclosed in 5paisa's July 28, 2026 postal ballot notice and board-meeting outcome, which was revised on July 29, 2026.

For the November 3, 2026 step, 5paisa acquired 66,148 GDPL equity shares through consideration other than cash. The filing describes the arrangement as a share swap and does not disclose a separate cash payment for those 66,148 shares.

The acquisition was not a related-party transaction, according to 5paisa's disclosure. GDPL had held a Research Analyst registration under the Securities and Exchange Board of India (SEBI) Research Analysts Regulations, 2014, and prior approval was required for the surrender of that registration.

GDPL received the required approval concerning surrender of its Research Analyst registration, while 5paisa said it had received the necessary corporate, statutory and regulatory approvals for consummation of the acquisition. The filing does not state the date of the surrender approval or specify the individual authorities behind the other approvals.

What remains to be completed in the GDPL acquisition?

The remaining acquisition of GDPL will be completed after fulfilment of conditions precedent and other terms set out in the Share Purchase Agreement and the Shareholders' cum Purchase Agreement. The November 4, 2026 filing does not state the percentage still to be acquired, the outstanding conditions or a final completion date.

The disclosure distinguishes between the control achieved on November 3, 2026 and the wider acquisition process announced in 5paisa's July 28 and July 29, 2026 intimations concerning a 100% acquisition. At 57.41% on a fully diluted basis, 5paisa had subsidiary control, but it said further steps remained under the transaction agreements.

GDPL's disclosed three-year operating record ends with FY 2025-26 turnover of Rs 19.55 crore. The filing gives no post-acquisition financial target, profit forecast, product-launch plan or separate timetable for incorporating GDPL's data platforms and analytical tools into 5paisa's offerings.

The next material disclosure would therefore be expected to address fulfilment of the stated conditions precedent or completion of the remaining acquisition. Until then, the source provides a completed November 3 control transaction and an unresolved process for the balance of the planned acquisition.

Conclusion

GDPL's turnover increased from Rs 12.07 crore in FY 2023-24 to Rs 19.55 crore in FY 2025-26, with annual additions rising from Rs 3.68 crore to Rs 3.80 crore. Separately, 5paisa moved from a 19.76% fully diluted holding to 57.41% on November 3, 2026, making GDPL its subsidiary through a share swap.

The key next event is completion of the remaining acquisition after the conditions precedent and contractual terms are met. Investors can watch for a 5paisa update on those conditions, the final ownership position and any quantified plan for deploying GDPL's software, data-processing, analytics and technology-infrastructure services.