Silverline Technologies Ltd.: Off to a fresh start!
Seals Rs.26 cr. deal with Apex Coop. Bank
(BSE: 500389) (FV: Rs.10) (Price: Rs.19.8)
Silverline Technologies Ltd. (STL), formerly known as Silverline Industries Ltd., is a global technology consulting, software and business solutions company enabling digital transformation for businesses across AI, cloud, cybersecurity and emerging technologies. Incorporated over 28 years ago, the company has delivered software services to Fortune 100 clients worldwide, with industry expertise spanning retail, banking, insurance, automotive, hospitality and manufacturing across the US, Europe and Asia. It was India’s first company to be listed on the NYSE and was ranked 7th largest software company in India by NASSCOM in 2002.
Financial Performance:
In Q1FY26, STL’s revenue from operations surged to Rs. 100.08 crore, up sharply from Rs. 0.75 crore in Q1FY25. Its net profit rose significantly to Rs. 11.14 crore compared to Rs. 0.02 crore in the same period last year, reflecting strong operational turnaround.
Strategic Development:
On 10th September 2025, the company announced the successful closure of a long-standing litigation with Apex Urban Co-operative Bank (in liquidation) through a Rs. 26-crore full and final settlement recorded before the Hon’ble High Court of Bombay. The original claim stood at Rs. 35.98 crore. STL has already disbursed Rs. 7 crore while the balance Rs. 19 crore will be paid in tranches by 20th November 2025. Upon final payment, the company will receive a No Dues Certificate, with all civil and criminal proceedings withdrawn and mortgages released.
Commenting on the milestone, Mr. Yakin Kumar Bansilal Joshi, Managing Director, said, “The successful settlement with Apex Urban Co-operative Bank marks a transformative milestone for Silverline Technologies Ltd., reflecting its commitment to governance, fiscal discipline, and shareholder value creation. This resolution eliminates a long-standing liability, strengthens capital structure, and enhances financial visibility with lenders, rating agencies, and investors. It also frees management bandwidth and resources, enabling sharper focus on core growth initiatives in AI, cloud services, and cybersecurity solutions.”
Silverline Technologies continues to build on its strong global presence, leveraging emerging technologies and strategic partnerships to expand its offerings and deliver value-driven digital transformation solutions for its clients.
