Bain Capital-Backed Citiustech exploring acquisitions, to evaluate ipo

“It is very much in our growth path,” Kohli said, referring to the company’s plan to list on the exchanges. “We will evaluate [it] This year if the markets are good, “He said, adding that the company will evaluate listing in either India or the us.

The firm’s primary market is the US, accounting for 95% of its reviews. Its investors are bain capital private equity and Eqt Private Capital Asia (Previously Baring Private Equity Asia).

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In 2022, Bloomberg Reported, Citing people in the knowledge, that Citiustech had filed confidently for a us ipo.

The health tech firm is planning expansions in europe and japan, as demand for healthcare technology services increases among medtech, healthcare, and life Sciences.

Kohli said that the firm’s specialized focus on healthcare gives it an edge over large Indian it service companies that Cater to Various Industries. A less other Indian companies are focused soly on healthcare tech services, like iks health, which was listed on the exchanges in December 2024 and posted 2,664 Crore Revenue in FY25.

Acquisitions Drive Growth

The firm is looking at acquisitions this year to drive growth.

“We Didn’T Make Any Acquisitions for the Last Two Years The Valuation was not great in the Market,” Kohli Said, Adding that this year the company the company is targeting two That meet its requirements.

Citiustech is exploring acquisition options which would strengthen its for europe as well as enhance its abilitys in the healthcare provider market.

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The company had previously stated a target of $ 1 billion in revealed by fY28, which it is still aiming for, kohli said.

“On an organic Basis, we continue to grow as per plan,” He said.

The company is expecting mid-teens revenue growth in fy26, after high single-diesgit revenue growth in FY25, Kohli Said.

While it hasn’t Posted Its FY25 Results, It Clocked Revenue of 3,536 Crore and a Profit of 350 Crore in FY24.

Genai tailwind

Kohli Sees Genai as a Significant Tailwind Driving Growth, As Companies Look for Cost Optimization Solutions. “… Today, 25% of our clients give us the opoportuna to use genai tools.

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Being a Healthcare-Focused Service Provider Gives Citiustech an edge as well, according to kohli. “It is a huge advantage being just focused on healthcares a lot of our clients boy us because of our specialized capables. All our Investments, All our R & D, All Oour R&D Into Healthcare only, “He said.